4 hour time fram is to decide the trend and then you can trade smaller time frames and please demo first to make grasp of the system.
my regards.
oan.
Is it the direction of the COG's on the 4h TF or with MA's or on a different way?
My own developed benkyalate system
- #1,202
- Nov 23, 2008 10:35am Nov 23, 2008 10:35am
And how do you decide the trend?
Is it the direction of the COG's on the 4h TF or with MA's or on a different way?
if the price touched lower line which i yellow in the last template and it is going up the trend i up so you just buy in lower time frame.
my regards.
oan.
- #1,204
- Nov 23, 2008 11:27am Nov 23, 2008 11:27am
- | Joined Nov 2007 | Status: Trader | 1,186 Posts
SomTam, exactly. You can estimate what the price would be if the pair hit the solid line, set a limit order, and set your TP and SL at one of the fib levels all at the same time, and go to bed, or go to the beach. That way, if it's hit, you're in at a good price. If it doesn't, you still haven't lost any money. I've done this several times with very good success.
And if itīs not possibly to monitor 24/5
Easy is place "limit orders" little up or down from etry lines
that way can cach if price spikes up or down.
- #1,205
- Nov 23, 2008 12:39pm Nov 23, 2008 12:39pm
- | Joined Sep 2006 | Status: Learn before you earn. | 63 Posts
I have a do or die mentality because I really want to make it successfully in this business. My priorities are different. I'd rather be a waiter for 3 years and be a millionaire for the rest of my life than to be a high paid professional forever. Different people have different goals in life. Find your own trader's journey.
Happy learning.
Happy tardes.TS
... and have taken a lot of notes and downloaded the different systems. I must say that I am intrigued by the system itself, but there have been a lot of iterations and variances that are not being clearly explained.
I see that the Candle Avg indicator was reversed once the Leoan was implemented, but the Godfather seems to still be the most reliable. (At least, that is what I am gathering from those who are actually posting their successes.) I am suspecting that the Godfather is more reliable because its taking into account more previous candles in order to map the future.
Can those who are using the Godfather template clarify why they are using that particular one?
Also, Oan can you explain the purpose of the different variations, such as currency pair adjustments, TF optimization, or whatever else the reason is. You say that the Leo, Godfather and Obama can all be used in different timeframes, so then can you explain the reason for the different systems? They all clearly look different when I put them on the same chart, in the same system (ODL). Only difference between the Leoan and the Obama is the timer?? But the purpose of the timer is..... ??? Did I miss it??
(NOTE: The Obama crashes my Alpari system, but not my ODL, however, I only get a 30 day trial on ODL. I don't trade on a MT4 platform for my live account, but I use MT4 for charting and all the many indicators I like. I can keep my Alpari demo account as long as I run trades on it, so can that issue be resolved??)
To help with a little more info, my plan is to trade between the 1HR and 15 min TF and only in the direction of the overall trend. I'll only focus on the whatever pairs are "getting the money" for the day/week, and stick to the currencies whose patterns I'm most familiar. Of course, fundies will be taken into consideration as well.
Just in general --- It would also be nice to see more charts that show entry points into the trades. I've been in other threads here on FF and I am shocked to see so few charts posted. This thread is the exact opposite where people are stating money made as opposed to posting the charts... LOL... so funny to me as most people don't like to tell how much money they make on their trades.. lol! But seriously, it would help all who are following this thread to see more charts, especially from those who are reporting successful results. You can always edit the chart to remove live trade information... just a suggestion.
I'm going to try to demo the Obama and the Godfather (old vs. new), but if anyone has any other insights to offer as to why one is better over the other beforehand, that would be helpful too. I'm going to add some of the other indicators that I think would be most helpful in identifying high probability trades and see how it goes.
Looking forward to making some pips...
Fox
I see that the Candle Avg indicator was reversed once the Leoan was implemented, but the Godfather seems to still be the most reliable. (At least, that is what I am gathering from those who are actually posting their successes.) I am suspecting that the Godfather is more reliable because its taking into account more previous candles in order to map the future.
Can those who are using the Godfather template clarify why they are using that particular one? Also, Oan can you explain the purpose of the different variations, such as currency pair adjustments, TF optimization, or whatever else the reason is. You say that the Leo, Godfather and Obama can all be used in different timeframes, so then can you explain the reason for the different systems? They all clearly look different when I put them on the same chart, in the same system (ODL). Only difference between the Leoan and the Obama is the timer?? But the purpose of the timer is..... ??? Did I miss it??
(NOTE: The Obama crashes my Alpari system, but not my ODL, however, I only get a 30 day trial on ODL. I don't trade on a MT4 platform for my live account, but I use MT4 for charting and all the many indicators I like. I can keep my Alpari demo account as long as I run trades on it, so can that issue be resolved??)
To help with a little more info, my plan is to trade between the 1HR and 15 min TF and only in the direction of the overall trend. I'll only focus on the whatever pairs are "getting the money" for the day/week, and stick to the currencies whose patterns I'm most familiar. Of course, fundies will be taken into consideration as well.
Just in general --- It would also be nice to see more charts that show entry points into the trades. I've been in other threads here on FF and I am shocked to see so few charts posted. This thread is the exact opposite where people are stating money made as opposed to posting the charts... LOL... so funny to me as most people don't like to tell how much money they make on their trades.. lol! But seriously, it would help all who are following this thread to see more charts, especially from those who are reporting successful results. You can always edit the chart to remove live trade information... just a suggestion.
I'm going to try to demo the Obama and the Godfather (old vs. new), but if anyone has any other insights to offer as to why one is better over the other beforehand, that would be helpful too. I'm going to add some of the other indicators that I think would be most helpful in identifying high probability trades and see how it goes.
Looking forward to making some pips...
Fox
- #1,207
- Nov 23, 2008 3:55pm Nov 23, 2008 3:55pm
- | Joined Nov 2008 | Status: Trader | 2,055 Posts
I see that the Candle Avg indicator was reversed once the Leoan was implemented, but the Godfather seems to still be the most reliable. (At least, that is what I am gathering from those who are actually posting their successes.) I am suspecting that the Godfather is more reliable because its taking into account more previous candles in order to map the future.
Fox
no right no wrong. I used godfather most of the time until obama came out. I now use obama because i like the timer function. having said that, i still prefer to use godfather for my 4 hour trades and the obama for scalping. just preference because im used to it.
maybe ill post more charts when i take on trades. i don't have much time to scalp for now so ill mostly be doing 4 hour charts. and those are trades i take only once in a while.
i love your tradining system, kindly send the details on this trading system in a very simple and clear terms. then attacth the setup. please send this to my email address:[email protected]
i love your tradining system, kindly send the details on this trading system in a very simple and clear terms. then attacth the setup. please send this to my email address:[email protected]
Grow up laisy!
- #1,214
- Edited 7:10pm Nov 23, 2008 6:49pm | Edited 7:10pm
- | Joined May 2008 | Status: Trader | 28 Posts
... still in this GBP/USD trade which is currently up 81 pips since this snapshot was taken.... very interesting indeed.... ... 15 min TF with the Godfather... I added a few indis that I like. I only went in the hole 10 pips. (Alpari)
2nd chart is ODL -- Took a 1HR Obama trade on the EUR/USD. I actually decided to test the Super Signal and got in on a buy for a quick 19 pips that I got out of when I received the sell signal and got right back in on a sell. Never went in the hole more than 5 pips, still up 42 pips right now.
On the 3rd chart, also ODL, I took a sell on the GBP/USD based on a strong 3 from the semafor indi... currently up 80 pips... BUT there was a repaint of 3 candles. The ellipse is where I got in. I went in the hole 36 pips first before going into profit. Another Obama... 15 min.
Not bad to pull off some quick pips.... we'll see how this continues...
Fox
PS -- These are non-EA trades, I prefer to trade manually -- had enough bad horror stories with EAs (**shuddering at memory**)
... 15 min TF with the Godfather... I added a few indis that I like. I only went in the hole 10 pips. (Alpari)2nd chart is ODL -- Took a 1HR Obama trade on the EUR/USD. I actually decided to test the Super Signal and got in on a buy for a quick 19 pips that I got out of when I received the sell signal and got right back in on a sell. Never went in the hole more than 5 pips, still up 42 pips right now.
On the 3rd chart, also ODL, I took a sell on the GBP/USD based on a strong 3 from the semafor indi... currently up 80 pips... BUT there was a repaint of 3 candles. The ellipse is where I got in. I went in the hole 36 pips first before going into profit. Another Obama... 15 min.
Not bad to pull off some quick pips.... we'll see how this continues...
Fox
PS -- These are non-EA trades, I prefer to trade manually -- had enough bad horror stories with EAs (**shuddering at memory**)
- #1,218
- Nov 24, 2008 2:48am Nov 24, 2008 2:48am
... still in this GBP/USD trade which is currently up 81 pips since this snapshot was taken.... very interesting indeed....
2nd chart is ODL -- Took a 1HR Obama trade on the EUR/USD. I actually decided to test the Super Signal and got in on a buy for a quick 19 pips that I got out of when I received the sell signal and got right back in on a sell. Never went in the hole more than 5 pips, still up 42 pips right...
Looking good
- #1,220
- Nov 24, 2008 4:52am Nov 24, 2008 4:52am
1.62 most down and blue solid line is about 1.68
So "1000 pip drop" is actually 600 over signal line,
and how ofter will multiple banks go bankgroup and become
finalcial crise and traiden is blind for news and keep traiding
in that time when is high possibly happen big impact.
So answer is moneymanaking not too big contracts
So "1000 pip drop" is actually 600 over signal line,
and how ofter will multiple banks go bankgroup and become
finalcial crise and traiden is blind for news and keep traiding
in that time when is high possibly happen big impact.
So answer is moneymanaking not too big contracts