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The Pouria Method

  • #141
  • Feb 8, 2007 6:25pm Feb 8, 2007 6:25pm
BTW, what do you do in this situation? This is from Jan 11 on 30 min euro. All 3 of these trades would have been losses, correct?
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  • #142
  • Feb 8, 2007 6:30pm Feb 8, 2007 6:30pm
Quoting Spudfyre
I set this indicator for 5 and 75 as well as 5 and 85. It seems to work, but perhaps it can be modified for the LMA's (not sure if it makes a difference) and sound by one of our great programmers?

Thanks Sudfyre,

Thats a great start! I am sure one of our programmers can modify this for LMA and also a sound alert and bigger arrows as well as taking MACD to account.

amin1000
  • #143
  • Feb 8, 2007 6:37pm Feb 8, 2007 6:37pm
Prior to reading and back testing this system I was working on a EMA system with the FX_FISH indicator.

I use the FX_FISH as a momentum and trend indicator as it can give you a nice early warning to MA crossovers.

WARNING: FX_FISH repaints itself so you cannot look at the latest 4 or 5 bars as an exact reading as they adjust with the volatility of the current price. This is an indicator you have to get a feel for live.

Having said that, the FX_FISH indicator does give you a very nice idea of where the trend is headed and how much strength is left in the current trend.

If you practice with it, you will find it will give you early warnings of trend changes quite nicely when taking into account MA crosses and the MACD position above or below zero. Especially the MACD.

Whatever you do, do not rely on the current bar colour as an indicator as it will change. Look at the forest, not the tree.

For example....I already made my 20 pips in the latest USDCAD trade. I opened my USDCAD trade at 1846 (2007-02-08 20:00 GMT) and got out at 1826 (actually 1821 with spread) at 23:00 GMT. The FX_FISH was established down, the MACD established down and the MA headed down rather steeply.

It's something to try and play with.
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File Type: mq4 FX_FISH.mq4   4 KB | 846 downloads
  • #144
  • Feb 8, 2007 6:42pm Feb 8, 2007 6:42pm
Quoting aegis
BTW, what do you do in this situation? This is from Jan 11 on 30 min euro. All 3 of these trades would have been losses, correct?
On my chart, the MACD only crosses zero once on the way up at the last MA crossover. As well with FX_FISH you would see a solid uptrend.
  • #145
  • Feb 8, 2007 6:53pm Feb 8, 2007 6:53pm
Quoting Spudfyre
On my chart, the MACD only crosses zero once on the way up at the last MA crossover. As well with FX_FISH you would see a solid uptrend.
What datafeed are you using?
  • #146
  • Feb 8, 2007 7:02pm Feb 8, 2007 7:02pm
Quoting aegis
What datafeed are you using?
FXCM
  • #147
  • Feb 8, 2007 7:08pm Feb 8, 2007 7:08pm
Even if it hits the stoploss, you'd think a short would be safe. It's coming off a top, and it looks like a flag or pennant(I get them mixed up) consolidating on the 1hr.
The stochastics are rediculously oversold though. But only on the 1H chart, the rest says we're getting overbought or heading down...
  • #148
  • Feb 8, 2007 8:02pm Feb 8, 2007 8:02pm
Arrgghh...stopped out.

Oh well...lets look for the next one!!

BP
  • #149
  • Feb 8, 2007 8:36pm Feb 8, 2007 8:36pm
The 5 EMA has crossed the 75 & 85 LMA's, and the MACD is almost at 0. Could be a trade on next 30min candle
  • #150
  • Feb 8, 2007 9:08pm Feb 8, 2007 9:08pm
I'm still alive on CAD (3 pips short of SL) with GBP/JPY in sight...
  • #151
  • Feb 8, 2007 9:49pm Feb 8, 2007 9:49pm
Thanks Forexpert! Nice cross system!

A suggestion for Mikhaildgreat, perhaps a minimum distance for the 5 to move from the other 2 MAs as a confirmation as opposed to another bar or time thing.
Thank you both for your efforts!

J.P.
Watching the charts like Spock.
  • #152
  • Feb 8, 2007 11:34pm Feb 8, 2007 11:34pm
Looks like the pound/yen triggered at around 4:00 GMT. Opened a long position at 237.73 (10 pip spread) We'll see...

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  • #153
  • Feb 8, 2007 11:38pm Feb 8, 2007 11:38pm
Nitro,

I think your 75/85 lines are wrong... Their saggin'! UU

B.
"Skills pay the bill's!"
  • #154
  • Feb 9, 2007 12:04am Feb 9, 2007 12:04am
as in any system .... but maybe not a WIPE out ...... I would believe this is what forexpert310 .... meant. There will certainly be small loses as in any Method!
  • #155
  • Feb 9, 2007 1:15am Feb 9, 2007 1:15am
Quoting ktrade
This is similar to a "system" I looked at a few years ago.

Here's the problem when you try to cross a 5 and a 75 on a 30M and/or 1HR (ESPECIALLY with the 4 majors):

It looks nice on the past charts but most of the moves come during news time. By the time the 5 crosses the 75, the price is already (usually) moving back in the opposite direction. Most of the entries posted would've gotten you in AFTER the price started moving back the other way.

Looks nice though.
You've summed it up perfectly. Unless it happens to catch a strong trend, it is too lagging and the move will be over by the time of entry. Nice post
  • #156
  • Feb 9, 2007 1:56am Feb 9, 2007 1:56am
Quote
Quote:
Originally Posted by ktrade http://www.forexfactory.com/images/buttons/viewpost.gif
This is similar to a "system" I looked at a few years ago.

Here's the problem when you try to cross a 5 and a 75 on a 30M and/or 1HR (ESPECIALLY with the 4 majors):

It looks nice on the past charts but most of the moves come during news time. By the time the 5 crosses the 75, the price is already (usually) moving back in the opposite direction. Most of the entries posted would've gotten you in AFTER the price started moving back the other way.

Looks nice though.

You've summed it up perfectly. Unless it happens to catch a strong trend, it is too lagging and the move will be over by the time of entry. Nice post

Could be..... BUT.....
the EUR/USD is getting ready to cross around Londons open and no News Events are scheduled or Clear Trends are present.
I guess that's what forward testing is all about.
We'll see.

J.P.
Watching the charts like Spock.
  • #157
  • Feb 9, 2007 2:06am Feb 9, 2007 2:06am
ok i have now eur/USD short from 1.3001 TP 1.2981 SL 1.3015

and i have AUD/USD short from 0.7795 TP 0.7785 SL 0.7809

anyone have the same numbers ?
  • #158
  • Feb 9, 2007 2:11am Feb 9, 2007 2:11am
i just won one on GBP/JPY. great system got 15 PIPs
  • #159
  • Feb 9, 2007 2:20am Feb 9, 2007 2:20am
Forexpert,

Don't let a few folks ruffle feathers. I LOVE this forum but, most on here take every word too literally. You can tell by the lengthy discussions of when is market open and before or after candle closes or ...

It takes some guts and thick skin to post your thoughts and methods but the benefit is some valid forward testing by many and the very useful observations and insights of some great traders, so keep up the good work and by all means feel free to share what you have. It WILL come back to you usually in the form of a better system than you started with.

Thanks!

Also in regards to my last post, Good point that News Events can certainly skew backtest results and something to keep in mind.

Good Luck

J.P.
Watching the charts like Spock.
  • #160
  • Feb 9, 2007 2:25am Feb 9, 2007 2:25am
Just shorted EURUSD at 11, SL 25 and take profit at 1,2986 (25)
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