Yes,
Those are EMAs (sorry, forgot to mention).
Those are EMAs (sorry, forgot to mention).
Jeff Singer, K2KV
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Dislikedhere is only the 4th losing trade I have had with this system...(-24pips)
I was going for the continuation with a cross back up above the 50 line on the Stochs, the AS was still alright for a continuation at the time , as well as the MACD which was above the water line.
I suppose the Stochs could have been better with the %D being above the %K (blue above red) rather, but sometimes things just don't go right,its just part of the game.
So far though the success rate of this system for me has been 12 wins and 4 losers with a total pip gain of 112 pips, so no complaints.
TrkIgnored
DislikedHi k2kv,
thanx for the insight, its much appreciated.
I will be more wary of those points in future, up till now I have been focusing on and trading only the standard setups , I was trying to get in on a continuation move but I think I need to re-read the criteria for that sort of trade.
thanx again for the advice its a great help.
cheers
piprac,
thanx , I'm sure with help and advice from traders like K2KV , Demundus , Ocelot and others I will get a real handle on this method and boost the success rate even further.
glad to hear you are also doing very well with this system.
TrkIgnored
DislikedHi VB ,
I may be wrong but I have not personally seen Canuck active on this thread since his last post on the 5th April , hopefully he still monitors this thread and will answer your question.
Trk
P.S : anybody using the EA developed for this system? does it work? I haven't seen any posts with results from the EA , also is anyone using the indicator?Ignored
DislikedThanks for the heads up Trk,
Has anyone had much success with this system? - I gave it a go last night with mixed results on the 5M.
Is anyone using the Ultra Trend/UT indicator to confirm entry at all? Is that part of the rules? I haven't read past post #183 - so I'll have another look a bit later on tonight when I get time.
Thanks again Trk,
Cheers to you all,
VB,Ignored
DislikedVB ,
I have had pretty good success so far even though it is not my main trading method...up to date i have had 14 trades 4 losers and 10 winners with the pip count at +154.
I believe Demundus , Ocelot and others who have a real handle on this method are producing very good results as well. They have been a real help to me with good advice and great ideas to identify high probability trades.
I would recommend you try Ocelots method of placing pending orders 1pip above or below the high/low to keep you out of losing trades as far as possible.
also k2kv posted a very useful indy (5/8 MA cross) that also helps in identifying better setups. (not making these recommendations cos I'm a pro with this method, I have learned A LOT from these guys and others on this thread , so it might help you as well)
Keep reading the posts brother , hope you will have success with this method as well.
ACartwright,
glad to hear you having success as well! Interesting you are using it on the hourly charts, Iv been thinking about that myself lately.
TrkIgnored