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The Pouria Method

  • #441
  • Feb 19, 2007 10:35am Feb 19, 2007 10:35am
today in the morning the system gave a signal to sell eurusd ,which i did, which just materialized as a stop loss, so thats the second one, and i just went long as it gave long signal so far +2. If this will be a loser too, then i will double up on the next trade.


So far then :

5 profitable trades and 2 unprofitable trades.
  • #442
  • Feb 19, 2007 10:44am Feb 19, 2007 10:44am
Quoting mikhaildgreat
LOL! USDJPY just turn around! Your one lucky devil!

-Mikhail
Yep, I was 2 pips away from my +15 TP! Now it's still positive but has dropped a little. We'll see....

I'm definitely worried about the EUR/USD trade, as it is down over 20 pips. We'll see how this shakes out.
  • #443
  • Feb 19, 2007 11:35am Feb 19, 2007 11:35am
Did anyone else enter a USDCHF trade? Buy at 2346? That one is in the negative for me right now.

I am also long on the eur/usd from 3149. It is in the positive right now.

Thanks,

BP
  • #444
  • Feb 19, 2007 11:51am Feb 19, 2007 11:51am
Just curious if all variables have been backtested to see which one produces the best results. Take trade when...5ema crossing the 75/85, candle crossing the 75/85, Candle closing on either side of the 75/85.
  • #445
  • Feb 19, 2007 11:55am Feb 19, 2007 11:55am
If you would please, some of you that are using this system, PM me and tell me your real time results.

I have found backtest on MA crosses to be near worthless, other then you do get practice at backtesting.
  • #446
  • Feb 19, 2007 2:53pm Feb 19, 2007 2:53pm
OK last trade i entered long had take profit of +14 , juuust so another profitable trade from the system.
+15
+15
+13.5
+16
-17
+15
-16
+14
total = 88.5-33=+55.5
/so 55 pips in about 2 weeks
And no doubling up yet.
  • #447
  • Edited 6:48pm Feb 19, 2007 6:05pm | Edited 6:48pm
Well a lot of people sound like they're having a net profit.
If no one else does, I need to take a day and check all the crossovers in the last month. See if there's news involved, holidays, and what time of day gave the best signals.
I'm hoping that proper analysis can find out where these losing trades come from. This whole thing feels a little predictable to me, even though I keep missing the singals!

AUD/USD coming close to a signal. Might not make it the next candle though unless it drops a little. I took the trade anyway, gotta do something this week.
  • #448
  • Feb 20, 2007 5:33am Feb 20, 2007 5:33am
Well, had some success overnight.... ...lol

Here it is....

eurusd------------buy----------1.3149-----------+15
eurchf------------buy----------1.6232-----------+15
usdchf------------buy----------1.2346-----------+10
gbpusd-----------buy-----------1.9534-----------(-50)
usdchf-----------buy-----------1.2361-----------+10

Net result = zero pips!!

GBPUSD has not been a good pair for me...but lets see how it goes this week with the new SL.

Still open...

AUDUSD -------open for a buy
EURCHF--------open for a buy - close to TP
GBPUSD-------open for a sell
EURUSD-------open for a sell


Thanks,
BP
  • #449
  • Feb 20, 2007 9:01am Feb 20, 2007 9:01am
Quoting BearPaw
Well, had some success overnight.... ...lol

Here it is....

eurusd------------buy----------1.3149-----------+15
eurchf------------buy----------1.6232-----------+15
usdchf------------buy----------1.2346-----------+10
gbpusd-----------buy-----------1.9534-----------(-50)
usdchf-----------buy-----------1.2361-----------+10

Net result = zero pips!!

GBPUSD has not been a good pair for me...but lets see how it goes this week with the new SL.

Still open...

AUDUSD -------open for a buy
EURCHF--------open for a buy - close to TP
GBPUSD-------open for a sell
EURUSD-------open for a sell


Thanks,
BP
Ok...adding to the above calculations....

EURCHF closed out for a 15 pip profit.
GBPUSD closed out for another 50 pip loss....

Total net for the day.... (-35)pips.

Forexpert......GBP seems to be killing me....advice here????!!!

Now open....

AUDUSD from above...still open for a buy
EURUSD from above ....still open for a sell
GBPUSD ....new...open for a buy....close to TP....

BP

http://www.forexfactory.com/images/misc/progress.gif

  • #450
  • Feb 20, 2007 9:29am Feb 20, 2007 9:29am
I checked out the MA cross system before on the VTtrader from CMS. But before, I never knew what numbers to enter for the best results. It only uses two MA's, so until I study up on how to reprogram it, thats what I'm looking at. I started using 5 and 75 weighted, close on each. But here's where mine differs from Pouria...instead of MACD for confirmation, I'm using Parabolic SAR at .01 step and .4 max. These numbers still need tweaked, but seem to be a little more accurate for the time being. If the dots are on the top, it confirms a sell cross, and vise versa, bottom/buy. Not only that, for the most part, it seems to signal a good time to get out, t/p.

just throwing in an extra idea, if anyone wants to run with it. I Haven't done any serious trading with it, because I just started playing with the numbers on Fri, and I hate trading when there is a holiday in US...too unpredictable...so therefore I'm not going to throw in any false claims that this is the latest greatest trading method. But so far, from what I've seen just scrolling back on the charts, it shows far and few between bad trades. Shows real promise on the pairs that do big swings. I will do some back testing this week as well, as learn how to make an EA for it.

just wanted to point out, that I've been reading on this site for some time, and everyone seems to be very helpful. If I could give something back by maybe showing some different angles, it would be good feeling for me.
  • #451
  • Feb 20, 2007 9:39am Feb 20, 2007 9:39am
Quoting timntools
I checked out the MA cross system before on the VTtrader from CMS. But before, I never knew what numbers to enter for the best results. It only uses two MA's, so until I study up on how to reprogram it, thats what I'm looking at. I started using 5 and 75 weighted, close on each. But here's where mine differs from Pouria...instead of MACD for confirmation, I'm using Parabolic SAR at .01 step and .4 max. These numbers still need tweaked, but seem to be a little more accurate for the time being. If the dots are on the top, it confirms a sell cross, and vise versa, bottom/buy. Not only that, for the most part, it seems to signal a good time to get out, t/p.

just throwing in an extra idea, if anyone wants to run with it. I Haven't done any serious trading with it, because I just started playing with the numbers on Fri, and I hate trading when there is a holiday in US...too unpredictable...so therefore I'm not going to throw in any false claims that this is the latest greatest trading method. But so far, from what I've seen just scrolling back on the charts, it shows far and few between bad trades. Shows real promise on the pairs that do big swings. I will do some back testing this week as well, as learn how to make an EA for it.

just wanted to point out, that I've been reading on this site for some time, and everyone seems to be very helpful. If I could give something back by maybe showing some different angles, it would be good feeling for me.
Yet my ozzie/dollar trade didn't work out last night! I'm so sure there's a pattern to what trades won't work, we just have to take the time and figure it out.
I think I'm going to pick 2 or 3 pairs and concentrate on over others.
  • #452
  • Feb 20, 2007 10:11am Feb 20, 2007 10:11am
Quoting techno79
Yet my ozzie/dollar trade didn't work out last night! I'm so sure there's a pattern to what trades won't work, we just have to take the time and figure it out.
I think I'm going to pick 2 or 3 pairs and concentrate on over others.

interestingly enough, thats the one I'm scratching my head over. when a pair is moving side ways, the MA can really mess things up. need to find if there is a parameter for distance between high and lows maybe so we can knock times when a pair is consolidating.


no matter what, nothing is a guarantee, as I think we all know here, so it really still comes down to research, knowing whats going on in the global economy, intuition and gut instincts, but most of all, money management.

(but a good indicator wouldn't hurt )
  • #453
  • Feb 20, 2007 11:40am Feb 20, 2007 11:40am
First time here guys. Thanks for all the info provided.
I have been able to take lots of pips from this "pouria Method" (75+85MA, 5EMA).
What i have noticed on the 1hour chart EUR/GBP the 75 & 85 work as a Support point.

Could it be that if the currency bounces off the 75,85 red lines it turns bullish? I tried it on it and bought at 0.6690 as the pair bounced off the 2 red lines and i easily made 50+pips as i sold at 0.6740.
  • #454
  • Feb 20, 2007 12:26pm Feb 20, 2007 12:26pm
Can sombody guide me to the qclock link
  • #455
  • Feb 20, 2007 4:44pm Feb 20, 2007 4:44pm
Quoting availdollars
Can sombody guide me to the qclock link
qlock.com
  • #456
  • Feb 20, 2007 4:59pm Feb 20, 2007 4:59pm
Quoting timntools
interestingly enough, thats the one I'm scratching my head over. when a pair is moving side ways, the MA can really mess things up. need to find if there is a parameter for distance between high and lows maybe so we can knock times when a pair is consolidating.


no matter what, nothing is a guarantee, as I think we all know here, so it really still comes down to research, knowing whats going on in the global economy, intuition and gut instincts, but most of all, money management.

(but a good indicator wouldn't hurt )
When I entered, I did during the early part of asian on two thoughts. I keep hearing in some commentaries about AUD/USD being top heavy and a possible short. I thought the rangebound was consolidation on another move down, AND it was a tight box! It almost broke my box by 2 pips, then reversed. Okey I thought. Went to the top side of the box, did a false breakout I guess. If I didn't let it get stopped out, it would've probably reversed and given me my 10 pips this morning, but by then it gave a long signal on that reverse.
Otherwise I don't think I'd normally enter a ranging market, rather play the trends...but as long as it's not a HUGE trend, or a big news bar.

Lotta criteria on my end.
  • #457
  • Feb 20, 2007 5:25pm Feb 20, 2007 5:25pm
Quoting MackS10
First time here guys. Thanks for all the info provided.
I have been able to take lots of pips from this "pouria Method" (75+85MA, 5EMA).
What i have noticed on the 1hour chart EUR/GBP the 75 & 85 work as a Support point.

Could it be that if the currency bounces off the 75,85 red lines it turns bullish? I tried it on it and bought at 0.6690 as the pair bounced off the 2 red lines and i easily made 50+pips as i sold at 0.6740.
Hi,

Are you referring to 75, 85 SMA lines working as support point?
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #458
  • Feb 21, 2007 12:18am Feb 21, 2007 12:18am
Quoting ghamal
Anybody see a possible G/U trade in the next hour? Seems like the last 2 bounces off the long (85 & 75) MAs have made higher lows. Chart:

http://img162.imageshack.us/img162/7516/11613394fs1.gif
who got the indicator to show the chart like this?
  • #459
  • Feb 21, 2007 7:59am Feb 21, 2007 7:59am
Quoting forexpert310
Guys please post your results thanks.
Forexpert...or anyone for that matter...

GBPUSD seems to be a big loser for me....Here are my results with that pair since February 12th....

Feb 12th -- 2 trades ---+20, +20
Feb 13th--4 trades-----+20, -20, +20, +20
Feb 15th---2 trades----(-20), -20
Feb 20th---3 trades----(change stop loss to 50)-50, -50, +20
Feb 21st---2 trades----+20, -50

Net for GBP.....13 trades....6 profitable, 7 unprofitable
Net return = -110 pips

Any ideas from anyone would help me out.....

BP
  • #460
  • Feb 21, 2007 10:10am Feb 21, 2007 10:10am
Quoting TradeStar
Hi,

Are you referring to 75, 85 SMA lines working as support point?
Yes.

I also found that 5EMA works better than 5MA
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