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My own developed benkyalate system

  • #761
  • Nov 12, 2008 8:46am Nov 12, 2008 8:46am
Quoting Fx_Pipin
So far so good. I am up over 100 pips .
me 2

btw, for the exit trade, i decided to open up 2 lots. when 1 reaches the blue line ill close 1 lot. ill let the other ride. i need to get the hang of this.

thanks
  • #762
  • Nov 12, 2008 9:03am Nov 12, 2008 9:03am
Quoting thelws
me 2

btw, for the exit trade, i decided to open up 2 lots. when 1 reaches the blue line ill close 1 lot. ill let the other ride. i need to get the hang of this.

thanks
Great exit stradegy. For now i just exit at the touch of the blue line.

Here is another set up that i am waiting for on the 4hr chart, going short on EUR/CAD I plan on entering at the retracement of 38.2% with the other confirming signals TP hopefully over another 300 pips !
Attached Image (click to enlarge)
Click to Enlarge Name: eur cad.gif Size: 31 KB
  • #763
  • Nov 12, 2008 10:05am Nov 12, 2008 10:05am
300 pips made
Attached Image (click to enlarge)
Click to Enlarge Name: eur gbp.gif Size: 60 KB
  • #764
  • Nov 12, 2008 10:07am Nov 12, 2008 10:07am
First trade after including the rules into my main system. Made 70 pips on the 1 min tf short gbp/usd. Nice!

Stefan
  • #765
  • Nov 12, 2008 10:25am Nov 12, 2008 10:25am
Quoting Fx_Pipin
300 pips made
lol same. waiting for the candle to end to place a short.
  • #766
  • Nov 12, 2008 10:59am Nov 12, 2008 10:59am
Hi Stefan,

Which one of the oan templates have you used?

Thanks,


Quoting MCFly
First trade after including the rules into my main system. Made 70 pips on the 1 min tf short gbp/usd. Nice!

Stefan
  • #767
  • Nov 12, 2008 10:59am Nov 12, 2008 10:59am
Long trade GBPUSD Oan Template TF 1M 12/11/2008
Buy: 1,49060
exit: 1,49395
Size: 1.00
Profit + $335



Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdOan1M12112008-01.jpg Size: 527 KB
Click to Enlarge Name: gbpusdOan1M12112008-02.jpg Size: 535 KB
  • #768
  • Nov 12, 2008 11:06am Nov 12, 2008 11:06am
Quoting Pirabuji
Hi Stefan,

Which one of the oan templates have you used?

Thanks,
I have borrowed Paulus template and combined it with my indicators.

USD/JPY fast contratrend trade. Made fast 13 pips.

Stefan
  • #769
  • Nov 12, 2008 11:07am Nov 12, 2008 11:07am
Quoting eTrader
Long trade GBPUSD Oan Template TF 1M 12/11/2008
Buy: 1,49060
exit: 1,49395
Size: 1.00
Profit + $335


GBP/USD gave pretty good signals today.
  • #770
  • Nov 12, 2008 12:13pm Nov 12, 2008 12:13pm
hey mcfly, your oan template seems different from mine. did you change the values of any cog indicators?
  • #771
  • Nov 12, 2008 1:12pm Nov 12, 2008 1:12pm
Quoting thelws
hey mcfly, your oan template seems different from mine. did you change the values of any cog indicators?
I apply it on a 1 min tf (using an alpari demoacc). Nothing was changed only added.

Stefan
  • #772
  • Nov 12, 2008 2:28pm Nov 12, 2008 2:28pm
Quoting ctnie2143
Adros,

Can you let us know how to use the semafor indicator with the number 1, 2 & 3 ?. Do you combine with other indicator to make it work ? What timeframe suitable ?.

One thing I noticed the numbers repaint. Just my observation though.

Thanks in advance.
Yes, the numbers repaint, but are very good signposts as yo possible turning points. When combined with other indicators, they can be very effective. They work with all TFs but are more reliable when used with longer TFs.
  • #773
  • Nov 12, 2008 3:46pm Nov 12, 2008 3:46pm
Quoting Fx_Pipin
300 pips made
Well done Pipin! I like your inclusion of fibonacci retracements on the four hour.

As for me, I increased my $3000 demo account to just over $11450 since Oan started this thread. Using 1.0 lot, so it was a bit risky. And then I took a few stupid trades with my impatience and it dropped to $9353. Patience is one of my main problems. Need to work on that.

I plan on funding my live account today to start trading live, with much smaller lots off course.
  • #774
  • Nov 12, 2008 3:57pm Nov 12, 2008 3:57pm
Thanks Dimitrius

Here is another one i could'nt resist to take after seeing such respect with the fib retracement. All the signals line up so i hope to make a good 500 pips live on the 4H. The candle has not closed but i want to enter near the 61.8% retracement as you can see.
Attached Image (click to enlarge)
Click to Enlarge Name: usd jpy.gif Size: 35 KB
  • #775
  • Nov 12, 2008 4:11pm Nov 12, 2008 4:11pm
Quoting Fx_Pipin
Thanks Dimitrius

Here is another one i could'nt resist to take after seeing such respect with the fib retracement. All the signals line up so i hope to make a good 500 pips live on the 4H. The candle has not closed but i want to enter near the 61.8% retracement as you can see.

Pipin, are you still using the Forgiveme template?
  • #776
  • Nov 12, 2008 4:16pm Nov 12, 2008 4:16pm
Quoting dimitrius
Pipin, are you still using the Forgiveme template?
Nope i changed, im using the godfather. All the recent posts are with the godfather and i am just going to keep using the godfather. I dont have time to be testing all those other templates, so far so good with the godfather
  • #777
  • Nov 12, 2008 4:28pm Nov 12, 2008 4:28pm
Quoting Fx_Pipin
Nope i changed, im using the godfather. All the recent posts are with the godfather and i am just going to keep using the godfather. I dont have time to be testing all those other templates, so far so good with the godfather
Cool, thanks. I'm testing with both the Oan and Godfather templates. I'm leaning more to godfather for the 4 hour.
  • #778
  • Nov 12, 2008 4:34pm Nov 12, 2008 4:34pm
Quoting dimitrius
Well done Pipin! I like your inclusion of fibonacci retracements on the four hour.

As for me, I increased my $3000 demo account to just over $11450 since Oan started this thread. Using 1.0 lot, so it was a bit risky. And then I took a few stupid trades with my impatience and it dropped to $9353. Patience is one of my main problems. Need to work on that.

I plan on funding my live account today to start trading live, with much smaller lots off course.
Hoho good job btw what brokerage are you using? im looking for one as well. I would like to fund a live account by december.

Also, i just made 8k on paper today with this system. Salut oan
  • #779
  • Nov 12, 2008 5:48pm Nov 12, 2008 5:48pm
Quoting thelws
Hoho good job btw what brokerage are you using? im looking for one as well. I would like to fund a live account by december.

Also, i just made 8k on paper today with this system. Salut oan


I'm using Alpari's demo at the moment. But I've just opened an Oanda account for live trading. I'll continue to use Alapri's Metatrader platform and price feed for charting and signals, but I'll execute my trades on Oanda. I've seen that the Oanda price feed sometimes differs by about 1 pip when comparing to Alpari. That is acceptable for 4 hour charts imo.
  • #780
  • Nov 12, 2008 9:54pm Nov 12, 2008 9:54pm
Quote
Here is another one i could'nt resist to take after seeing such respect with the fib retracement. All the signals line up so i hope to make a good 500 pips live on the 4H. The candle has not closed but i want to enter near the 61.8% retracement as you can see.

I'm with you on the USD/JPY. Already up about 80 pips
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