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My own developed benkyalate system

  • #881
  • Edited 10:43pm Nov 16, 2008 9:51pm | Edited 10:43pm
what you guys thinks about GJ today's?

hope someone can explain to me

regards


aon4fx?
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  • #882
  • Nov 16, 2008 10:46pm Nov 16, 2008 10:46pm
if im not mistaken on the hourly chart there was a few buy signals no? on the eur, about a few hours back from 11:00Pm est.
And your mouth dropped
  • #883
  • Nov 16, 2008 11:25pm Nov 16, 2008 11:25pm
This is what i ment, this is what i dont understand,. can someone explain to me why that bottom Line Started to shift away from the price? and wasnt the photo labed 1 with a buy signal?
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And your mouth dropped
  • #884
  • Nov 16, 2008 11:36pm Nov 16, 2008 11:36pm
Quoting makey2u
This is what i ment, this is what i dont understand,. can someone explain to me why that bottom Line Started to shift away from the price? and wasnt the photo labed 1 with a buy signal?
the candle average i still on column only you need it to be at .81 my friend and yes the line will shift until the candl average become three that time it will stop shifting .
my regards.
oan.
  • #885
  • Nov 17, 2008 12:32am Nov 17, 2008 12:32am
Quoting oan4fx
the candle average i still on column only you need it to be at .81 my friend and yes the line will shift until the candl average become three that time it will stop shifting .
my regards.
oan.
but wasnt the first photo with 3 candle averages above .80?? then hours later it started dieing thats why i posted teh second picture up because im not getting it lol, i've been trying to get the feel of it since the begining of the thread.

But what do you mean once the 3 candle averages have come it will stop shifting?
And your mouth dropped
  • #886
  • Nov 17, 2008 12:51am Nov 17, 2008 12:51am
Quoting makey2u
but wasnt the first photo with 3 candle averages above .80?? then hours later it started dieing thats why i posted teh second picture up because im not getting it lol, i've been trying to get the feel of it since the begining of the thread.

But what do you mean once the 3 candle averages have come it will stop shifting?
the first photo the candle averge is not above .81 look when price touch the line the candl avrage is only one level.
my regards.
oan.
  • #887
  • Nov 17, 2008 1:57am Nov 17, 2008 1:57am
Hi Oan,
Thanks once again for this wonderful system and your generosity. I went live this morning and have just made $1000 on GBP=JPY in a few minutes. Thanks and God bless you abundantly:
  • #888
  • Nov 17, 2008 2:05am Nov 17, 2008 2:05am
Quoting adros84
Hi Oan,
Thanks once again for this wonderful system and your generosity. I went live this morning and have just made $1000 on GBP=JPY in a few minutes. Thanks and God bless you abundantly:
Well done Adros!

Which template are you using? On the 4 hour? How much were you risking?

I'm using the godfather still as I'm not comfortable with the leo template. My $3,000 demo account is now at $10,701, and I'll be going live this week with the godfather.
  • #889
  • Nov 17, 2008 2:55am Nov 17, 2008 2:55am
just read the whole thing. phew boring day at work.

So im gonna act noob but just to make sure i got it. (the details changed alot during the thread). We wait until the price bar gets right up close to a major resistance(solid color) bar on the COG/Channel indicator, this sets up a trade. Then we are confirmed when we have the candleaverage indicator above/below .81 on the same bar. If not together on same bar, no trade. I am correct on this? Does this apply to both the godfather setup and leo one as well?

thanks,

and if you are just gonna tell me to read the thread, DONT i've already done that obviously otherwise, how could i question the entry criteria. duh.

Cheers
  • #890
  • Nov 17, 2008 3:09am Nov 17, 2008 3:09am
My thoughts...

The cog lines show a statistical probability of the price moving away from a particular level. The more the price goes towards the outer lines, the bigger the statistical probability is that it will move back to the middle line. It's all about probabilities. You will always get a drawdown at some point. That is why you have money management. The cog is dynamic, always changing according to price.

Then the next thing to do is to get a confirmation from other indicators that point to weakness/strenght in the price to move in the opposite direction. If no other indicators confirm a possible change in direction, then all you have to do is ride out the trend, or take profit at a predetermined level. I take profit after 100 pips because I know that theres plenty of opportunity later on to make more on other pairs.

CoG is not magic. It's about statistics. And the other indicators you use points to psychology in the market. Combine them together and you have a powerful tool.
  • #891
  • Nov 17, 2008 3:13am Nov 17, 2008 3:13am
Quoting dimitrius
Well done Adros!

Which template are you using? On the 4 hour? How much were you risking?

I'm using the godfather still as I'm not comfortable with the leo template. My $3,000 demo account is now at $10,701, and I'll be going live this week with the godfather.
I use the leo template but on M15 chart. I just made another $790 to bring my live account to $4798 from $3008. That's about 54% profit on just two trades! This system is awesome.
  • #892
  • Nov 17, 2008 3:15am Nov 17, 2008 3:15am
Quoting adros84
I use the leo template but on M15 chart. I just made another $790 to bring my live account to $4798 from $3008. That's about 54% profit on just two trades! This system is awesome.

  • #893
  • Nov 17, 2008 4:34am Nov 17, 2008 4:34am
Quoting adros84
I use the leo template but on M15 chart. I just made another $790 to bring my live account to $4798 from $3008. That's about 54% profit on just two trades! This system is awesome.
good luck my friend dont be greedy and enjoy your money withdra ome to enjoy life and if you help some poor people with small part of your profit you will really make a difference .
my regards.
oan.
  • #894
  • Nov 17, 2008 4:40am Nov 17, 2008 4:40am
The new template is GREAT
Thanks!
  • #895
  • Nov 17, 2008 4:43am Nov 17, 2008 4:43am
Hi,

would be nice to include an alert when a candle touchs one of the valid lines.
  • #896
  • Nov 17, 2008 4:49am Nov 17, 2008 4:49am
this system will cause inflation all around the world
  • #897
  • Nov 17, 2008 5:08am Nov 17, 2008 5:08am
Quoting robkaq2
this system will cause inflation all around the world
anything with more depth? Share with us which template and timeframe you use. We're all here to learn from one another.
  • #898
  • Nov 17, 2008 5:16am Nov 17, 2008 5:16am
Hello!!
The new template ho is the best TF?
Someone might put a graphic marking an entry with good indicators of the new template?

Thank you!
  • #899
  • Nov 17, 2008 5:35am Nov 17, 2008 5:35am
Just banked another $400. Total so far today = $2200!
  • #900
  • Nov 17, 2008 5:37am Nov 17, 2008 5:37am
Quoting oan4fx
good luck my friend dont be greedy and enjoy your money withdra ome to enjoy life and if you help some poor people with small part of your profit you will really make a difference .
my regards.
oan.
Thank you. I will do as you advised.
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