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Trend Finder Daily

  • #701
  • Sep 26, 2008 10:36pm Sep 26, 2008 10:36pm
Quoting HUnter123
EUR/AUD Long and AUD/CAD Short are two valid signals for sunday open.
Cad looks better than EUR so i'm gonna take this one.
You'll have to excuse my ignorance, but which broker charts are you looking at? This system was designed to use the ODL broker who doesn't have a Sunday candle and whose week doesn't even start until 7 p.m. on Sunday evening, U.S.A., Central Daylite Time. Valid signals for this system only occur during the first few minutes to first hour of daily candle opening. So the earliest time there could be a valid signal for this system is between 7-8 p.m. this coming Sunday nite, Sept. 28.

Also today is Friday....which broker would be showing a daily Sunday candle at this time? Am I missing something here? If so, please feel free to enlighten me!
  • #702
  • Sep 27, 2008 3:26am Sep 27, 2008 3:26am
Quoting Bull
Hi GRPip,

Thank you, have a nice weekend you too. Next week will be better week for us.
NIce work you are doing keeping alive this tread...
Keep it up man...
  • #703
  • Sep 27, 2008 4:25am Sep 27, 2008 4:25am
Quoting GRPip
You'll have to excuse my ignorance, but which broker charts are you looking at? This system was designed to use the ODL broker who doesn't have a Sunday candle and whose week doesn't even start until 7 p.m. on Sunday evening, U.S.A., Central Daylite Time. Valid signals for this system only occur during the first few minutes to first hour of daily candle opening. So the earliest time there could be a valid signal for this system is between 7-8 p.m. this coming Sunday nite, Sept. 28.

Also today is Friday....which broker would be showing a daily Sunday candle at this time? Am I missing something here? If so, please feel free to enlighten me!
The friday daily candle closed as a sell signal , so you can check the daily open of sunday and tell us all there is a signal and you can assume the chart wont open up with a 200 pips gap to the upside and the signal would remain.
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  • #704
  • Sep 27, 2008 8:52am Sep 27, 2008 8:52am
Quoting HUnter123
The friday daily candle closed as a sell signal , so you can check the daily open of sunday and tell us all there is a signal and you can assume the chart wont open up with a 200 pips gap to the upside and the signal would remain.
I see the point you're trying to make....but your broker is IBFX....ODL charts do not show your Friday signals. Even if they did, don't think it'd have anything to do with Sunday evening opening signals. Think IBFX opens at 5 p.m. daily, but not sure. Keep checking signals on IBFX and keep us informed....would very much like to use IBFX because live micro-accounts are available with opening deposits of $250, I believe. ODL requires $2000 to open a live account!
  • #705
  • Edited 12:37pm Sep 27, 2008 11:53am | Edited 12:37pm
Quoting GRPip
I see the point you're trying to make....but your broker is IBFX....ODL charts do not show your Friday signals. Even if they did, don't think it'd have anything to do with Sunday evening opening signals. Think IBFX opens at 5 p.m. daily, but not sure. Keep checking signals on IBFX and keep us informed....would very much like to use IBFX because live micro-accounts are available with opening deposits of $250, I believe. ODL requires $2000 to open a live account!
Dude, your way of thinking is too mechanical , we are not computers and there is no such a big difference between brokers, you have to use your judgement as trader before making the trade. i rest asure you will get the same signal sunday morning from all brokers and the trade looked good to me- aus dollar is weak and the daily formation is really bearish (two daily inside bars broken to the downside) , it looks like a good trade anyway.
Take a look at another "signal" from EUR/CHF , no way im gonna take this one although both indicators turned red. the daily candle formed a bullish hammer so no reason to take a short position even if it will turn out to be a good trade. Nothing better than using your judgement as a trader.
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  • #706
  • Sep 28, 2008 12:07am Sep 28, 2008 12:07am
Quoting HUnter123
Dude, your way of thinking is too mechanical , we are not computers and there is no such a big difference between brokers, you have to use your judgement as trader before making the trade. i rest asure you will get the same signal sunday morning from all brokers and the trade looked good to me- aus dollar is weak and the daily formation is really bearish (two daily inside bars broken to the downside) , it looks like a good trade anyway.
Take a look at another "signal" from EUR/CHF , no way im gonna take this one although both indicators turned red. the daily candle formed a bullish hammer so no reason to take a short position even if it will turn out to be a good trade. Nothing better than using your judgement as a trader.
Hunter....you may be correct that I'm too mechanical....probably am. But the way I see it....Bull101 introduced this system and started this thread to keep his system going. I've seen a lot of system threads start on FF and get many people posting and stating their own ideas of how this or that system should be changed. Presto....in 2-3 months the thread doesn't even resemble the system that was introduced in the beginning....and maybe it's still not any more successful. The thread just eventually dies out from lack of interest and another possibly good system bites the dust!

I've seen this system work like a charm and also seen it fail miserably. But as a novice trader, I like it's simplicity and so far I haven't found anything that works any better. So will be looking for valid signals on my ODL charts after 7 p.m. CDT! tomorrow evening. But until this USA/worldwide financial crisis is resolved to some extent, I don't think trading is going to be very profitable on anybody's system. Just my 2 pips worth!
  • #707
  • Sep 28, 2008 7:33pm Sep 28, 2008 7:33pm
Hope everyone had a great weekend! Tonite is just a continuation of last week's sick forex market....not much movement....no valid signals.
  • #708
  • Sep 29, 2008 5:58am Sep 29, 2008 5:58am
100 pips reached in AUD/CAD short.
I leave 20% of the position on BE and will go out with the PSAR.
Catching big moves of 300-400 pips is what makes this system profitable in my opinion.
  • #709
  • Sep 29, 2008 7:24pm Sep 29, 2008 7:24pm
Finally....in spite of the horrible worldwide financial situation, tonite we have two valid signals for this system.

USD/JPY....Short....104.30 (price @ 7:07 p.m CDT)
USD/CAD....Long....1.0471 (price 7:09 p.m. CDT)

Both price signals seem to be strong and clearly well above or below the 200 SMA. Good luck!
  • #710
  • Sep 29, 2008 7:58pm Sep 29, 2008 7:58pm
USDJPY hit 50 TP set SL to BE at 2nd lot


that was fast money
My edge ===> Patience
  • #711
  • Sep 30, 2008 12:22pm Sep 30, 2008 12:22pm
GRPip, i downloaded the odl demo metatrader just to check out the differences you claim i might find to other brokers.
and i look at the charts and it looks just the same, there is a sunday candle and also my AUD/CAD short signal on interbank looked just the same on ODL.
can you tell me what was wrong with that signal that is winning 200 pips right now?
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  • #712
  • Sep 30, 2008 1:12pm Sep 30, 2008 1:12pm
Quoting HUnter123
GRPip, i downloaded the odl demo metatrader just to check out the differences you claim i might find to other brokers.
and i look at the charts and it looks just the same, there is a sunday candle and also my AUD/CAD short signal on interbank looked just the same on ODL.
can you tell me what was wrong with that signal that is winning 200 pips right now?
Heck, man....you're right and you're in profit and you're going strong....ain't nothing wrong with that! 8^) And....those of us that took last evenings ODL signals should be at least +150 pips ahead already today. Will post a report later this evening on those trades.

Hate to admit but it's about time I started getting outa my comfort zone and try something new! Let's work together....think we need your help here....how about it? I've been demoing with ODL for the past several months....started first using ODL when OzFx came out with his system last January and he said that was the best broker for his system. Then I found this sytem in June and Bull101 said ODL was best broker for this system also. Here's my problem and I imagine many other people on here has the same problem. Even if I wanted to open a live ODL account, it takes $2000 and I just can't take that much outa my home budget right now to play the forex market. So we need to find a good, dependable, broker that will take maybe $250-$500 deposit to open a micro-account....much more realistic for me. I honestly believe that IBFX fills the bill and only takes $250 to open a live micro-account. I really don't know anything about a Sunday candle or even if we should trade on Sunday candles using this system. IBFX opens their weekly session at same time as ODL....both open new daily candle at 7 p.m., Central Daylite Time, USA, I believe. Is this correct?

Why not everyone interested open a $250 IBFX demo account, using .01 lot size (each lot, one cent)? Then let's start a demo test this coming weekend for a 3-4 weeks and see how it goes.

Hunter....when do you start your trading week on IBFX? Do you care to post trades for IBFX and I will continue to post for ODL? What do you think about this proposal?
  • #713
  • Sep 30, 2008 7:41pm Sep 30, 2008 7:41pm
One valid trade tonite....U/J Long. It's a valid buy signal, but watch carefully for a while as the stoch might change from green to red during the first couple hours of trading. Price also isn't very much above 200 SMA. Good luck and be vigilant!


Good trading day for this system yesterday....both trades closed out in profit! 1st position on U/J closed out quickly in first hour of trading with +50 pips profit....2nd position hit breakeven SL in third hour of trading. This morning both positions of USD/CAD hit their TP for +150 pips....total for both trades was +200 pips....not too shabby for a market in today's conditions.


Notice on the charts....both ODL (top) and IBFX (bottom) have same signal. Am considering monitoring IBFX closely for a while and if as successful as ODL, no reason it shouldn't be, we may switch over. Why? Because a live micro-account can be opened with IBFX for $250....with ODL it takes #2000....both brokers open at same time, 7 p.m. CDT, USA....good reasons to switch!
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  • #714
  • Sep 30, 2008 7:53pm Sep 30, 2008 7:53pm
yes thanks i alos monitoring ibfx
  • #715
  • Sep 30, 2008 8:02pm Sep 30, 2008 8:02pm
on IBFX we have 12 new pairs to study i will activate it
  • #716
  • Oct 1, 2008 7:33pm Oct 1, 2008 7:33pm
No valid signals tonite on either ODL or IBFX....bad timing as the U.S. Senate is poised to vote on the massive bailout package in the next few minutes. It's almost like the forex world is holding its breath!

The forex Gods giveth....and they taketh away! Yesterday we were +200 pips profitfor the week....today most of us are back to even after losing 200 pips as both our U/J long positions hit SL. If you're also demoing with IBFX, depending on what price bought last evening, some of you may still be holding both positions on the U/J trade....currently -12 pips on both positions.

Better luck tomorrow!
  • #717
  • Edited 7:36pm Oct 2, 2008 7:30pm | Edited 7:36pm
Two valid signals tonite....both shorting NZD.

NZD/USD....short....my price.... .6584
NZD/JPY....short....my price .... 69.12

Both signals are on ODL....no signals at all on IBFX....good luck!
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  • #718
  • Oct 2, 2008 8:07pm Oct 2, 2008 8:07pm
Well after a wonderful windstorm that took my power out for over a week and then a power surge when it came back on that fried my computer, I now have electric and a new computer. Been trading for about a week now and finally getting back over here to see what has been going on.

GrPip,

Something is up with your charts. Never in any chart that I have ever seen, has a candle had around a 1400 pip movement in one day. Both of your charts have that. Something isn't right and it will throw off your signals. I just posted the one chart, but my NZDUSD charts don't show that either. Check some of the other charts too and see if that is on any other ones
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Find the edge, and keep it sharp.
  • #719
  • Oct 3, 2008 8:36am Oct 3, 2008 8:36am
Quoting EclecticJoe
Well after a wonderful windstorm that took my power out for over a week and then a power surge when it came back on that fried my computer, I now have electric and a new computer. Been trading for about a week now and finally getting back over here to see what has been going on.

GrPip,

Something is up with your charts. Never in any chart that I have ever seen, has a candle had around a 1400 pip movement in one day. Both of your charts have that. Something isn't right and it will throw off your signals. I just posted the one chart, but my NZDUSD charts don't show that either. Check some of the other charts too and see if that is on any other ones
EJ....glad to have you back....kinda wondered where you disappeared to! Anyway, checked all my other ODL charts and that 1400 pip candle is only on N/U, N/J, and N/Chf....so had something to do with the NZD last week on 9/25....don't have a clue as to what happened!

Do I recall correctly that you said ODL and IBFX should have about the same signals? Anyway, last nite IBFX didn't even come close to having valid signals on the N/U and N/J. Don't know what's going on....crazy market right now!
  • #720
  • Oct 5, 2008 7:49pm Oct 5, 2008 7:49pm
I've decided over the weekend that I just don't have the confidence to ever risk real money and trade this system live. Therefore I won't be posting any more signals here. If anyone else wants to continue this thread....have at it with my blessings....good luck everyone....it's been fun!
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