Simplicity is the ultimate form of sophistication ( Elite )

i think this system work for me, thx

This system is amazing when you only take signals generated near the open of the Tokyo London or New York sessions. Most signals i've seen generated at least 50 pips.

Any signal made within a 2 hours of the New York session open is a signal you really should trade. I used the 5-40 ma's, this system is great for catching HUGE moves.

Great system , but which the best timeframe for this system? and the best pairs?

regards, felipe

thanks

It's all on the first page.

That is all some very interesting feedbacl!

I must agree with the open of a session (in my case asian) the signals seem to be the ideal ones to take!

Thanks to all of those who provided their comments on this system.

i also think correlation aids in picking which pair or pairs to enter a trade or to focus on during a specific session.




T4L

You are asking a question about time frames and pairs to trade can only be answered by you. You need to experiment with a few time frames, pairs, and sessions, to find out what best fits your personality. That also applies to TP and SL too.

Good luck exploring! Let us know of your findings.

I like scalping on 5min. and only have time to trade during asian session. i wish i could trade open of lond and US sessios too. i would probably stick with the 5min chart too, but increase my TP and adjust stop as price moves in my direction to protect profits and hopefully catch additional pips.

T4L

thank you Waterflame

I have been using your systme for a few weeks now, but i did this before reading your thread, Im now on page 16 and understand it so much better, just last night I made 7 trades on the 15m chart 6 wins 1 small loss.

cheers to you. and Thank you again. Im going to pass on the 10ema you added on page 16, the entry and exits are already clear enough for me.

Hello together, it have been a long time since y last post, and i apologize for my absence.

Soon there will be some new adds, few changes for optimisations and light refining of the rules.

Thank you for your patience and your kind words.

Talk to you later

Looking forward to your return.

Poocher,

You are referring to your trading chart time frame? If so, what time frame?

I am looking at 15m, 5m, and 1m. i trade off of 5m.

I have looking at this and also wondering if higher time frames looking at the 34SMA providing trend or trendless direction also aids in focusing to long or short.

I started looking at weekly, daily, 4H, and 60M to see if 34SMA shows any clues for direction.. However, since i am only scalping during asian session it seems very difficult due to these two variables.

Bottom line, wish i could trade open of london and USD for 2-4 hours. it would be oh so pipgreatness!

T4L

Waterflame,

Will it also expand on your cognitive process of technical analysis? or psychological part of this when viewing multiple time frames to make decisions with less emotion/fear/question?

Anyway, always look forward to your experienced, enlightenment, trading ways!

Regards,

T4L

Hi Waterflame,

I think most of us eagerly awaits the new modifications you mentioned you are working on. Hope to hear from you soon.

Hi to all,

In post # 619 with the heading "DOTDOT", Waterflame introduced a new indicator by the name of "Hi-Lo.mq4". I am very interested in using this indicator but I want to use it in a different platform. Thus, I need to understand the workings of this indicator so I can code it in a different coding language (Easylanguage). Unfortunately, I have about zero knowledge of MQL coding so I cannot decipher the code to understand the inner workings of this indicator.

I am looking for somebody with MQL knowledge that could explain to me in plain English what the indicator is about, how the calculations is made, how it determines when to plot above the price and when to plot below, etc. I could see that it is a moving average on the High and a moving average on the Low that is used but that is about as much as I could make out of the mql code.

Any help will be appreciated

I am excited by this thread and will start trying it live in a short time. As their seems to be some indecision on exiting profitably, let me tell you what i've see on the almost all the charts i've seen posted. If it's a decently long trade that has taken the trade to the +- 200 on the cci, after the cci has peaked (high or low depending on sell or buy), exit as the cci returns to either the positive or negative 150 pt. Now this is just an eyeball number, but it's a pretty accurate eyeball number and i imagine the 150 lines could be added. Check it out on some of the posted charts, funny even on the charts that have the new 10 sma added it gives a much better(more profitable signal. Just trying to help.

Hi Waterflame,

I've been trying your system for 2 months on demo with an average of 2000 pips per month on 3 pairs. it was awesome! Last week I finally went live and made 1100 pips in a ONE SINGLE WEEK (don't ask me how much I slept). Yes, I doubled my account within just one week (it is possible even with my conservative money management). Waterflame, thanks a lot!

Trader4life,
with all my respect to you - you are not trading Elite as it should be - so, be careful with your advices... ppl listen to you and may went into a different direction. I saw you trading - you scalp 3-5 pips per trade; weanwhile, Waterflame doesn't even mention it. He speaks about good profits!!!

here is a chart of 420 pips move I mage last week on Eur/USD.

God bless everyone!

I am glad to see people are starting to post here again. I thought the method and the thread died more or less.

PippenaintEZ, thanks for your observations I surely going to monitor it.

Konstas, How do you decide how long to stay in a trade to be able to catch those long runs of yours?

In the last couple of weeks I was looking for something to at least give a slightly better chance to stay out of the chop. The Hi-Lo indicator does it sometimes but does make a huge difference. I guess Waterflame is correct wrt there is not really something to do about it and we just have to live with it. I guess the nice running trades makes up for all the bad trades due to chop in the long run.

Konstas, tell me,please, what other pairs besides Euro/USD do you use in your trade? Do you exit and reenter when 3EMA cross 10SMA or you just wait for 3EMA to cross 34SMA for exit out of the old position and enter into the new one? Thank you, You have very great results! Very impressing! Greetings,

I made 7 trades today on 15 minutes and every trade was a loss. I have followed the system very acurately and presice. I think it shoul be done much more to make this system effective.

Post what times you made the trades and what pairs you traded that lost. Sometimes there are times to not pull the trigger - regardless what the indicators say!

Of course there are going to be losers, particularly like now when the market's are ranging up and down, you're going to have (with ANY system) false break-outs. In my opinion (and experience) this is one of the best systems/strategies in the FF and I use it almost exclusively successfully.

Conversely, you can't base it as a great strategy just based on Fridays 300+ gain for the USD! That was highly unusual and you may never see that again. Traders that caught that CAUGHT IT BY ACCIDENT, as few knew what the dollar was going to do. It was a trend, and a great one, and I'm happy for the traders that caught the ride (as I did). But it was a quirk!

Anyway, post your charts or just the info and let's see if I (or anyone) can critique your trades. perhaps you did nothing wrong, but I can't tell yet. I've had 16 losing trades in a row (but NOT with the Elite system. I was a newbee to trading and I'd jump into too many trades too fast). It sure seemed like the market was just out to get me personally. As soon as I pulled the trigger they reversed. Small losses to be sure, but that didn't help me question my sanity for awhile!