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My own developed benkyalate system

  • #501
  • Nov 6, 2008 4:38pm Nov 6, 2008 4:38pm
Quoting xos2000
thanks oan!!

you not trade green and red dotted lines?

if i trade only red and green line, i will not do a lot of trade in a day on 4h timeframe! it's not possible to doubled the account every days!

You trade too on 30min timeframe with 4h timeframe trend?

thanks for share this system!
xos, there is no need to double your account every day. That's being greedy and it will lead to you wiping out your account. Follow the rules and you'll make money. If you only want a quick buck, then you'll lose.

Follow the rules, control your greed and you WILL be very successful.
  • #502
  • Nov 6, 2008 5:20pm Nov 6, 2008 5:20pm
Quoting Pirabuji
why is that?
False lines
move lines
  • #503
  • Nov 6, 2008 5:23pm Nov 6, 2008 5:23pm
Quoting oan4fx
my friend this not scam this is the art of making money and smoking the best cigar world wide.
my regards.
oan.

when i lose my money by your zigzag(false
lines)= scam

  • #504
  • Nov 6, 2008 5:45pm Nov 6, 2008 5:45pm
Hi There

I am new so obviously have no clue whats happening. All I want to know does your system suppoert 1 min tf. If it does which which template to follow. Much obliged. Salam .
  • #505
  • Nov 6, 2008 6:19pm Nov 6, 2008 6:19pm
hi oan4fx! i've been testing your system and its just amazin, congratulations man.

i just have one question about the godfather system
can you post some example entries? please so we can check if we are doing well!
  • #506
  • Nov 6, 2008 6:38pm Nov 6, 2008 6:38pm
Quoting morza

i lost about 40% from my account by your zigzag
thanks
You trade a system without proper test, wipe off 40%, then blush and offend the person that posted this system calling him scam with big capital letter? relax... If I tell you to jump off the window to get paid lot's of money, would you jump?
  • #507
  • Nov 6, 2008 8:59pm Nov 6, 2008 8:59pm
please all demo first .
my regards.
oan.
  • #508
  • Nov 6, 2008 9:02pm Nov 6, 2008 9:02pm
This is my new one OAO .
enjoy the new look .
oan.
Attached Image (click to enlarge)
Click to Enlarge Name: oao.png Size: 41 KB
  • #509
  • Nov 6, 2008 9:46pm Nov 6, 2008 9:46pm
thanks for that post oan, but do you use godfather in currencies?
wich are good ones to try? can you post some example trades in currencies?
  • #510
  • Nov 6, 2008 10:03pm Nov 6, 2008 10:03pm
Quoting Markillo
thanks for that post oan, but do you use godfather in currencies?
wich are good ones to try? can you post some example trades in currencies?
yes i use it for currencies and i will try to post a trade when i find it .
my regards.
oan.
  • #511
  • Nov 7, 2008 3:23am Nov 7, 2008 3:23am
hi oan
i the new template you have 2 red and 2 doted red and 2 green and 2 doted green
first i use to trade i enter a small lot on the first green and double the lot on the solid green .
now we start to build the position on the first doted green and the second and the third and finally the 4th
could u explain
thanks
  • #512
  • Nov 7, 2008 3:43am Nov 7, 2008 3:43am
Quoting morza

when i lose my money by your zigzag(false
lines)= scam

The scam is when someone is trying to sell a "loser" system. He is giving everything for free, so why scam? If you trade it live without practicing it on demo for at least a month then you can call yourself an amateur.

This system tries to "guess" local support and resistance. It repaints because those are not firm values and have to be readjusted as the market goes...
  • #513
  • Nov 7, 2008 4:14am Nov 7, 2008 4:14am
Hi Folks !

Attached you will find an actual snapshot of EUR/USD 5min chart.
Price is in the red zone and I'm short with 3 standard lots....

Let's see ....

Greetings

Bernhard
Attached Image (click to enlarge)
Click to Enlarge Name: eur_usd.gif Size: 63 KB
  • #514
  • Edited 4:26am Nov 7, 2008 4:23am | Edited 4:26am
Quoting behof
Hi Folks !

Attached you will find an actual snapshot of EUR/USD 5min chart.
Price is in the red zone and I'm short with 3 standard lots....

Let's see ....
Good entry, but you are playing with fire. It is NFP Friday today so market can be very unpredictable... On 15M TF it can still go against you many pips... I would not play on M15 today unless that is demo money...

BTW: You say 5 min. but image shows M15 timeframe
  • #515
  • Nov 7, 2008 4:32am Nov 7, 2008 4:32am
Quoting hotstorm
Good entry, but you are playing with fire. It is NFP Friday today so market can be very unpredictable... On 15M TF it can still go against you many pips... I would not play on M15 today unless that is demo money...

BTW: You say 5 min. but image shows M15 timeframe
Hi Hotstorm !

I know because I have my daily FF Calendar ready every day
I'm awaiting a break of the 1.2800 line and my target is 1.2700.

I'm trading live with my MB Trading FX Account

I bailout before NFP announcement...

By the way with a little study of price action you can predict price
movement before announcement ...

Greetings

Bernhard
  • #516
  • Edited 4:47am Nov 7, 2008 4:37am | Edited 4:47am
Hi Folks !

Short comment on my chart posted.
As you can see price repelled from 200 SMA and at 1.2850 we had
strong resistance to the upside !

T3RSI was in overbought area.

Price reached the sell zone in godfather lines.

These were the criteria for my entry.

Greetings

bernhard
  • #517
  • Nov 7, 2008 4:51am Nov 7, 2008 4:51am
Hi Folks !

Some words on money management :

My leverage is 1 USD per 1000 USD account value. (not for beginners !!)
For newbies I recommend max. 0.30 USD per 1000 USD account value !!

I have only an emergency stop in case of platform failure !!

Normaly I scale in as recommended by Oan4fx

Greetings

Bernhard
  • #518
  • Nov 7, 2008 5:08am Nov 7, 2008 5:08am
hi,

i'm testing the system from the beginning and did now more than 50 trades on different TF's. I made more then +6000 pips. But i have never had a negative trade. So i don't know where to put my sl...
Have anyone, who follows the rules of Oan4fx, ever had a negative trade? And does anyone know where to put a sl?

Thanks!

Many pips to all!

Tibo
  • #519
  • Nov 7, 2008 5:29am Nov 7, 2008 5:29am
Quoting behof
Hi Folks !

Attached you will find an actual snapshot of EUR/USD 5min chart.
Price is in the red zone and I'm short with 3 standard lots....

Let's see ....

Greetings

Bernhard
nice- could you please send us your tpl?
Thx
BJ
  • #520
  • Nov 7, 2008 5:45am Nov 7, 2008 5:45am
Hi Folks !

I bailed out my trade with +65 pips on 3 standard lots.
I'm going to lunch now and await the NFP aftermath....

Greetings

bernhard
Attached Image (click to enlarge)
Click to Enlarge Name: eur_usd.gif Size: 59 KB
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