some nice looking sigs on USDJPY waiting for candle to close to enter perhaps
Paulus
Paulus
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- #146
- Oct 28, 2008 9:15pm Oct 28, 2008 9:15pm
- | Joined Nov 2007 | Status: Trader | 1,186 Posts
Hmmm. Every trade called for a short. I closed them all out at once for a handsome profit on my demo account! Definitely one to watch. Particularly if you follow the rules and trade on the four hour candle so you really don't have to chart watch all day long. Have added this to my list of subscribed subscriptions. Not sure of the exit rules, as the middle line seems rather vague. But, this thread is just starting. I think it will have a long shelf life. Thanks for introducing it, and thanks for having athick skin and putting up with the dissenters. I can just see the modifications, refinements, indicators, and EAs on the drawing board. There'll be tons of them recommended beforte this one is over. You can bet on that! 
If you sold at 96.63 USDJPY. In this moment you are loosing more than 100 pips with your system.
What do you think about it
i have provided you all with the undefatable system couse i am a good man and i love sharing life with humans.
happy trading
my reagrds.
as you can see usd jpy went down to 96.06 i took a profit o three minilots o about 300 pips so dont misjudge again please.
i have provided you all with the undefatable system couse i am a good man and i love sharing life with humans.
happy trading
my reagrds.
that's a little too much for a measly 60 pip profit dont you think?
- #152
- Edited 3:15am Oct 29, 2008 2:02am | Edited 3:15am
so your maximum drawdown was just about -300 pips
that's a little too much for a measly 60 pip profit dont you think?
my regards.
I think that oan4f is a really serious trader and that his system works like he says. I discovered the system yesterday night and captured my attention. I understood part of the rules but not perfectly, I'll work on it
thanks oan4x
just to have perfect results do the following
1-enter from red and green lines only dont use doted lines.
2-enter when the candle average indicator(timing indicator is above .81 or less than -.81 .
3-enter with my infiniti building position stratgy use the minimal position you can then add every 50 - 100 pip according to your fundemantal view .
take profits as ast a you can and dont be greedy.
my regards
- #155
- Oct 29, 2008 3:00am Oct 29, 2008 3:00am
you are welcome
just to have perfect results do the following
1-enter from red and green lines only dont use doted lines.
2-enter when the candle average indicator(timing indicator is above .81 or less than -.81 .
3-enter with my infiniti building position stratgy use the minimal position you can then add every 50 - 100 pip according to your fundemantal view .
take profits as ast a you can and dont be greedy.
my regards
Great system, looks very promising! Thanks!
I think I fully understand these simple rules. One question though: do you actually wait to candle close and then evaluate entry or you enter whenever the price touches red/green line and timing indi also meets your conditions?
Great system, looks very promising! Thanks!
i put orders so i enter when it just touch the line than add later on so you have the choice it depends on market conditions.
the base o this system is to buy and sell at real extreme turning points where the market is over sold and over bougth extremally and you know 70 % of move is an over shoot move and real movement is only 30 % so you will profit from it in all conditions.
my regards.
- #158
- Oct 29, 2008 8:06am Oct 29, 2008 8:06am
- | Joined Nov 2007 | Status: Trader | 1,186 Posts
oan, I just want to confirm something for myself and others that are new to this system. Yesterday at the 00:00 candle on IBFX, many pairs were either at the dotted red line, or at the top solid red line. I shorted them, and closed them all out at a big profit about an hour and a half later. This morning, when I look at the charts, NONE of these same pairs show to have been touching the dotted red line, or the top solid red line at 00:00 yesterday. While I made out well on my demo account on the short trades, if you look at the chart right now, there would be absolutely NO trades called for. I gather this is what some others have referred to as the "repainting" issue, meaning that if someone looks back at the charts and sees the extremes, those may not have been there if someone was sitting at his computer at the time. Or, the extremes I saw yesterday at 00:00 may not show as extremes on the chart if you look at it today.
I guess what I'm saying is that you have to be there at the time, and if the chart right now shows a trade, tomorrow when you look at the chart, it will be completely different. Am I correct in this?
I guess what I'm saying is that you have to be there at the time, and if the chart right now shows a trade, tomorrow when you look at the chart, it will be completely different. Am I correct in this?
thanks a lot i hope the best for you all.
i put orders so i enter when it just touch the line than add later on so you have the choice it depends on market conditions.
the base o this system is to buy and sell at real extreme turning points where the market is over sold and over bougth extremally and you know 70 % of move is an over shoot move and real movement is only 30 % so you will profit from it in all conditions.
my regards.
