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Triple timeframe system

  • #21
  • Jul 20, 2008 10:19pm Jul 20, 2008 10:19pm
by the way what broker you r using , like this we can follow the formatin of 123 in the same time as u do
regards
  • #22
  • Jul 20, 2008 11:28pm Jul 20, 2008 11:28pm
Quoting imad
by the way what broker you r using , like this we can follow the formatin of 123 in the same time as u do
regards
Hi Imad
I'm sorry I don't know how to put text in images
Interbankfx is my broker

happy trading!
  • #23
  • Jul 21, 2008 12:51am Jul 21, 2008 12:51am
Everybody, just "take care of" GBP/YPY now.
Waiting for signal to go SHORT!
H1:

http://picnac.com/images/3892gjb.gif


M30:

http://picnac.com/images/4268gja.gif

H4:

http://picnac.com/images/1476gjc.gif


  • #24
  • Jul 21, 2008 1:00am Jul 21, 2008 1:00am
Sold G/J at 212.77
open 2 positions
SL both at 213.77
P. 1 TP at 211.77
when p1 reach TP, mve SL of p2 to BE
close p2 at SL / when price cross up 50 EMA on M30 chart
  • #25
  • Jul 21, 2008 1:07am Jul 21, 2008 1:07am
Just have a look at USD/JPY now!
Choose the triple (M30 - H1 - H4) and wait for signal!
  • #26
  • Jul 21, 2008 1:10am Jul 21, 2008 1:10am
Quoting vinafx
Sold G/J at 212.77
open 2 positions
SL both at 213.77
P. 1 TP at 211.77
when p1 reach TP, mve SL of p2 to BE
close p2 at SL / when price cross up 50 EMA on M30 chart
can you indicate where is your pt 1,2,3?
I'm just moving clouds today - tomorrow I'll try mountains.
  • #27
  • Jul 21, 2008 1:35am Jul 21, 2008 1:35am
Quoting awsl
can you indicate where is your pt 1,2,3?
hmmm... how can I clearly tell you while I can't put text on the image? Just look at the candles between 2 vertical lines.

http://picnac.com/images/1990gj3.gif

Point 1: The Highest high, so easy to realise, right?
Point 2: The Low of the second red candle from the left
Point 3: The High of the next green candle.
The last red candle closed and broke point 2, right?
lol, something became so complicated! I'm so sorry for that!

  • #28
  • Jul 21, 2008 1:39am Jul 21, 2008 1:39am
I think, it is a good system And I have idea for your stoplevel. Try to have the stop on the other side of the signal bar. For example - now, the G/J. You take the position by close of the marked bar. Set the stop above this bar. If it is good brake, it will not go back to the stop. So you have possibility to have bigger position by the same risk
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 13 KB
  • #29
  • Jul 21, 2008 1:43am Jul 21, 2008 1:43am
Quoting vinafx
hmmm... how can I clearly tell you while I can't put text on the image? Just look at the candles between 2 vertical lines.

http://picnac.com/images/1990gj3.gif



Point 1: The Highest high, so easy to realise, right?


Point 2: The Low of the second red candle from the left


Point 3: The High of the next green candle.


The last red candle closed and broke point 2, right?


lol, something became so complicated! I'm so sorry for that!


Text in the image - over by the toolbars you have a task "A". You click there and then go to the chart and cklick on the place where the text have to be. Then you have a window where you can write the text.
  • #30
  • Jul 21, 2008 2:05am Jul 21, 2008 2:05am
Quoting Happy68
Text in the image - over by the toolbars you have a task "A". You click there and then go to the chart and cklick on the place where the text have to be. Then you have a window where you can write the text.
Ah I see. Thanks.
So interesting, it's right on MT4 chart

http://picnac.com/images/5866gjf.gif

  • #31
  • Jul 21, 2008 2:13am Jul 21, 2008 2:13am
What 's this?

http://picnac.com/images/6500uja.gif

Don't forget to check all the other conditions

  • #32
  • Jul 21, 2008 3:17am Jul 21, 2008 3:17am
Sold USD/JPY at 106.59
open 2 positions
SL both at 107.29
p.1 TP at 105.89
when p.1 reachs TP, move SL of p.2 to BE
close p.2 at Sl / when price cross up 50 EMA

http://picnac.com/images/7011ujc.gif

  • #33
  • Jul 21, 2008 8:39pm Jul 21, 2008 8:39pm
Quoting vinafx

http://picnac.com/images/1529eu210708d.jpg


Ok, Long E/U now at 158.71
Open 2 positions
SL both at 158.21
p. 1 TP at 159.21
Close position 2 at SL/ when price cross down 50 EMA on M30 chart

when p. 1 reachs TP, move SL of the second position to BE
Position 1 was closed at TP: +50 pips
Moved SL of the other to BE

http://picnac.com/images/5646eu220708a.gif

  • #34
  • Jul 21, 2008 8:45pm Jul 21, 2008 8:45pm
Quoting vinafx
Sold G/J at 212.77
open 2 positions
SL both at 213.77
P. 1 TP at 211.77
when p1 reach TP, mve SL of p2 to BE
close p2 at SL / when price cross up 50 EMA on M30 chart
closed 2 at SL: -200 pips
Total: -150 pips
  • #35
  • Jul 21, 2008 10:41pm Jul 21, 2008 10:41pm
H1:

http://picnac.com/images/8799uea.gif


H4:

http://picnac.com/images/2266uec.gif

D1:

http://picnac.com/images/2768ueb.gif


Sell USD/CHF at 1.0164
open 2 positions
Sl both at 1.0264
TP 1 at 1.0064
when p.1 reachs TP, move SL of p.2 to BE
close p.2 at SL/when price cross back 50 EMA on H1 chart

  • #36
  • Jul 22, 2008 2:01am Jul 22, 2008 2:01am
hey Vinafx
you can use the Paint in window to add text in your pic
will keep my eyes on your thread
Price action is the most important thing
  • #37
  • Jul 22, 2008 5:15am Jul 22, 2008 5:15am
H1: 1-2-3 pattern's just appeared!

http://picnac.com/images/1684eja.gif


H4: Stochastic (5,3,3) is pointing down

http://picnac.com/images/9368ejh4.gif

M30: RSI < 50; candles closed below 50 EMA

http://picnac.com/images/2188ej30.gif


Sell EUR/JPY at 169.34
Open 2 positions
Sl both at 170.34
P. 1 TP at 168.34
When P.1 reachs TP, move SL of P. 2 to BE
Close P.2 at SL/when price cross back 50 EMA on M30 chart

  • #38
  • Edited 8:37pm Jul 23, 2008 1:39am | Edited 8:37pm
Now I would like to update the system to fix some problem occured during recently test.

I've found that Stochastic (40,3,3) works better than stochastic (5,3,3). We'll give it a try and see...

Sell and buy conditions are the same to the original system.

Don't entry if Stochastic (40,3,3) shows overbought signal(>80) or oversold signal (<20) or crossing down/up from the overbought/oversold zone on any TF chart.

Strong signal:

Strong Sell signal: Stochastic (40,3,3) crossed down from overbought zone on the highest TF chart
Strong Buy signal: Stochastic (40,3,3) crossed up from oversold zone on the highest TF chart
  • #39
  • Jul 23, 2008 9:52am Jul 23, 2008 9:52am
Sell EUR/JPY at 169.44
Open 2 positions
SL both at 170.44
P.1 TP at 168.44
When P1 reachs TP, move SL of P.2 to BE
Close P.2 at SL/when price cross back 50 EMA on M30 chart

http://picnac.com/images/7476eja.gif


The trade is well moving

If Position 1 reachs TP, there are 2 ways to protect/take profit the second one.

1. Set SL to BE then close it when price cross back 50 EMA on M30 chart

2. Set SL to BE the drive the stochastic (40,3,3) to oversold zone (reaching or passing 20 level line) on H4 chart.

  • #40
  • Jul 23, 2008 8:19pm Jul 23, 2008 8:19pm

http://picnac.com/images/4199eja.jpg

Stochastic (40,3,3) is pointing down on H4 chart.
If it crosses down 80 level line, a strong SELL signal will be confirmed.
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