Don't know where did Felicia went but one thing is for sure this method is irresistebly useful. About meeting point, please call your skype ID-s in this thread and I will add you to the chatroom
Yours sincerely, George
My skype Id is Brent57
- #1,424
- Jul 15, 2008 6:20am Jul 15, 2008 6:20am
Guys this a new link to the chat, sorry for unstable situation with the chat
http://www.skype.com/go/joinpublicch...ttBvsVPc9Ypvow
Thanks to the creator George....I learnt a new thing yesterday in the chat about identifying a whipsaw with GPBJPY and identifying to stay away....this chat works....COME ON EVERYBODY - SEE U THERE....
- #1,428
- Jul 15, 2008 11:10pm Jul 15, 2008 11:10pm
Why did you exit at the point that you exited?
You said you would stay in as long as the MA's didn't cross back and the MACD stayed under the '0' line. I didn't see either of those conditions happen at the point you exited.
Also, in the point you entered, all the MA's were not lined up in an angle. The 12 and 24 MA's were pointing more upwards (well, maybe pointing sideways). This isn't officially following the rules is it? Aren't all the MA's supposed to be pointing in an angle downwards to take a sell trade?
I'm not criticizing your trade, I'm just trying to be clear for my own purposes the proper way to enter a trade with the CF.
Topgun
If you look at my entry you'll see that I entered when price had already pulled back to the 24EMA and was resuming its downtrend. I got for two reasons...#1- price was changing direction on the lower timeframe and #2- I was tired and ready to call it a night even though it was after 2AM . Have you been having much success using this method? What is the method you normally use when trading?
- #1,429
- Jul 16, 2008 1:40am Jul 16, 2008 1:40am
Topgun, I don't think you're criticizing my trade
Thanks for explaining your reasons for entry and exit. I had made the mention that I wasn't criticizing your trade because after I made the post, I realized it had the look of me questioning you of not following the system correctly, and of course that was not the case. There are times when we make a post that it comes across to the reader differently than we intended. Thanks for understanding.
As for the CF system, I've been following this system from the beginning when this thread started. Of the (demo) trades I've made, I've had good success. However, there have been 2 things that have been holding me back from really going full force and focusing totally on this top notch system.
1. Instead of picking a set way to trade the CF, I keep trying different ways to trade it. Such as: trying different time frames, entering on a pull back to the 12 ema, entering on a pullback to the 24 ema, entering on a pullback to the 62 ema, not waiting for a pullback but instead waiting for the MA's to angle/slope downwards or upwards, entering on a close of a candle, entering before the close of a candle, etc....
By doing all these things I am not getting any consistency with trading this system. It's also very time consuming. I need to choose a set way to trade and go with it!
2. The other thing that is slowing me down is that I keep looking at other systems and trying them out. It's basically me getting into the thinking trap of, "The grass is greener on the other side of the fence." This thinking has played a part in bogging me down.
I will say that having looked at many different trading systems, in my opinion, no system has yet to beat the CF system - when all things are considered. As I said, I'm always checking out other systems and when all is said and done, I continue to come back to the CF System. This system consistently performs well. Anyone can see this for themselves by doing backtests on it. There are other systems that do well but they are SO complicated! This is definitely not a problem with the CF system. The simplicity of the CF system is what sets it apart from most other systems. With it's consistent positive results, along with it's simplicity - and don't forget its relatively small stop losses (compared to many systems that require 50-100 pip or even larger stop losses)! - well, this system to me is hard for any other system to beat!
As I said, If I can get myself settled down, only focus on THIS system, and pick only ONE way to trade it, I'll probably suprise even myself of how well I can do with this!
Topgun
"Success is not a fantasy, it's a formula." - MTI
- #1,430
- Jul 16, 2008 2:01am Jul 16, 2008 2:01am
- Joined Mar 2007 | Status: Symbol | 2,788 Posts
It sounds like you are almost there. Very similar to my own journey. There's nothing wrong with looking at other systems and gleaning what you can from them. i.e, peaks and valleys, no brainer, DIBs, James 16.The important thing is you realise what you are doing wrong. One piece of advice.....pick your rules and stick to them. By that I mean enter on touches or closes. Don't chop and change. Accept you are not going to get every trdae, but that you do have an edge, whatever that is.
Good luck, Bogus.
Good luck, Bogus.
jdcompute,
Thanks for explaining your reasons for entry and exit. I had made the mention that I wasn't criticizing your trade because after I made the post, I realized it had the look of me questioning you of not following the system correctly, and of course that was not the case. There are times when we make a post that it comes across to the reader differently than we intended. Thanks for understanding.
As for the CF system, I've been following this system from the beginning when this thread started. Of the (demo) trades I've made, I've had good success. However, there have been 2 things that have been holding me back from really going full force and focusing totally on this top notch system.
1. Instead of picking a set way to trade the CF, I keep trying different ways to trade it. Such as: trying different time frames, entering on a pull back to the 12 ema, entering on a pullback to the 24 ema, entering on a pullback to the 62 ema, not waiting for a pullback but instead waiting for the MA's to angle/slope downwards or upwards, entering on a close of a candle, entering before the close of a candle, etc....
By doing all these things I am not getting any consistency with trading this system. It's also very time consuming. I need to choose a set way to trade and go with it!
2. The other thing that is slowing me down is that I keep looking at other systems and trying them out. It's basically me getting into the thinking trap of, "The grass is greener on the other side of the fence." This thinking has played a part in bogging me down.
I will say that having looked at many different trading systems, in my opinion, no system has yet to beat the CF system - when all things are considered. As I said, I'm always checking out other systems and when all is said and done, I continue to come back to the CF System. This system consistently performs well. Anyone can see this for themselves by doing backtests on it. There are other systems that do well but they are SO complicated! This is definitely not a problem with the CF system. The simplicity of the CF system is what sets it apart from most other systems. With it's consistent positive results, along with it's simplicity - and don't forget its relatively small stop losses (compared to many systems that require 50-100 pip or even larger stop losses)! - well, this system to me is hard for any other system to beat!
As I said, If I can get myself settled down, only focus on THIS system, and pick only ONE way to trade it, I'll probably suprise even myself of how well I can do with this!
Topgun
FF journal: Peaks and Troffs
- #1,433
- Jul 29, 2008 8:12pm Jul 29, 2008 8:12pm
- Joined Mar 2007 | Status: Symbol | 2,788 Posts
Looks safe to me. My stops above 168.65. No TP at this stage. I'll see how it runs as its failed to get to 170 (so far).
).
FF journal: Peaks and Troffs
- #1,434
- Edited 10:53am Jul 31, 2008 9:46am | Edited 10:53am
hello all, just came across this thread. please dont make me read all 90 odd pages. just need one question answered and i will truly apreiciate it. Question, has the system changed from the first post? thats all i need to know. and if so what is the updated rules. oops sory, that is 2 questions 
EDIT: Oh, i just found the answer to my question back on page 87. now searching back did not hirt now did it 
EDIT: Oh, i just found the answer to my question back on page 87.
now searching back did not hirt now did it - #1,437
- Aug 6, 2008 8:06am Aug 6, 2008 8:06am
someone compiled a list of lever 70 rules and 5 minute entry and other useful information all in to one. i think it was in a pdf file or word. i had it once on my desk top but kids acidently deleted it. aahhhhhh
cant remember which post i got it from. please help where to find it again. thanks in advanced.
cant remember which post i got it from. please help where to find it again. thanks in advanced.
