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Attachments: TwinBlade 5mint System
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TwinBlade 5mint System

  • #21
  • Dec 3, 2008 9:39am Dec 3, 2008 9:39am
Quoting dznmrd
In a fast moving high volatile pair like euro-yen and pound-yen, you could be doing 100's of pips on a 5min chart then on the 4hour. Also i choose 5min instead of 1minute because then it would prevent fake outs and indicator repaints.

thank you dznmrd, it's OK
To make an omelet you have to break a few eggs so breathe and be happy
  • #22
  • Dec 3, 2008 9:58am Dec 3, 2008 9:58am
A VERY LITTLE CONTRIBUTION TO A GREAT JOB!!!

Look, exit points is a very important chapter in a trade, so I was studing it during a long time and find some things that probably help something.

When a pair became volatility like this moment, bouth of them, RSI, blow out their normal parameters, so when it go out of 68 or 32, when the trend impulse it come down...RSI, come back....well, the RSI coming back and taching 68 or 32 give you the top price in that trend impulse.

Hope this helps, as always, nice system.

Cheersss
To make an omelet you have to break a few eggs so breathe and be happy
  • #23
  • Dec 3, 2008 11:36am Dec 3, 2008 11:36am
There was a pink dot on both charts, and I waited for candle close, and they stayed. I made the trade, thinking these were good short trades, but After about 10 minutes, neither dot was there any more. The pink line was also over the green line.
  • #24
  • Dec 3, 2008 11:39am Dec 3, 2008 11:39am
Quoting Popeye
A VERY LITTLE CONTRIBUTION TO A GREAT JOB!!!

Look, exit points is a very important chapter in a trade, so I was studing it during a long time and find some things that probably help something.

When a pair became volatility like this moment, bouth of them, RSI, blow out their normal parameters, so when it go out of 68 or 32, when the trend impulse it come down...RSI, come back....well, the RSI coming back and taching 68 or 32 give you the top price in that trend impulse.

Hope this helps, as always, nice system.

Cheersss
Actually it was a very big contribution, I'm watching that happen on the chart right now. Thanks
  • #25
  • Dec 3, 2008 11:43am Dec 3, 2008 11:43am
Quoting dznmrd
Actually it was a very big contribution, I'm watching that happen on the chart right now. Thanks

You are the man..!!!
To make an omelet you have to break a few eggs so breathe and be happy
  • #26
  • Edited Dec 4, 2008 5:11am Dec 3, 2008 11:55am | Edited Dec 4, 2008 5:11am
OK Guys,

Some more things to help & notice.

---------------------------------

Nikkei 225

Before London/euro opens, make sure to check the Nikkei 225. If it is significantly up ... euro-yen and pound-yen would probably go up after London opens.

Before London/euro opens, make sure to check the Nikkei 225. If it is significantly Down ... euro-yen and pound-yen would probably go down after London opens.

Dow Jones Industrial

1 Hour after US session opens, make sure to check the Dow Jones Index, If it is significantly up.....Euro-yen and Pound-yen would probably go up.

1 Hour after US session opens, make sure to check the Dow Jones Index, If it is significantly down.....Euro-yen and Pound-yen would probably go down.

----------------------

You can check for Nikkei here --> http://www.nni.nikkei.co.jp/CF/FR/MKJ

You can check the Dow Jones here --> http://www.pcquote.com/

If u notice significant up or down in the Nikkei and/or Dow Jones. Be ready to make 100's of pips excess. If there are no significant up's or down's in them, it will probably be a normal market.

  • #27
  • Dec 3, 2008 2:10pm Dec 3, 2008 2:10pm
Thank You dznmrd for sharing your system. It's appreciated!

I wasn't sure on a trade set-up pertaining to the indicators.

1. In a BUY trade - If heiken ashi turns blue, then green dot appears however it takes 4 candles for RSI to cross over the pink line. (Can a buy order be executed for this set-up or is it to late?) Is there a rule on how many candles it takes for RSI to confirm?

2. Does longterm trend or higher timeframes determine your trades for the day on a 5 min. chart?

Thank you again and looking forward to demo this unique system.
  • #28
  • Dec 3, 2008 2:29pm Dec 3, 2008 2:29pm
Thank you Dznmrd. Nice clean chart. Can your method be used with any other pairs - I'd imagine those with a bit of volatility?
  • #29
  • Dec 3, 2008 2:34pm Dec 3, 2008 2:34pm
Quoting dznmrd
OK Guys,

Some more things to help & notice.

---------------------------------

Nikkei 225

Before London/euro opens, make sure to check the Nikkei 225. If it is significantly up ... euro-yen and pound-yen would probably go up after London opens.

Before London/euro opens, make sure to check the Nikkei 225. If it is significantly Down ... euro-yen and pound-yen would...
What is considered significantly up/significantly down?
  • #30
  • Dec 3, 2008 3:01pm Dec 3, 2008 3:01pm
Had this question as well.

BUY - If heiken turns blue, green dot appears but RSI doesnt cross for 3-4 candles, do we then enter trade?

So if RSI does not cross its a no trade?

Also, enter on close of candles, correct?

Thanks
  • #31
  • Dec 3, 2008 4:46pm Dec 3, 2008 4:46pm
I made a few demo trades on this and looks pretty decent. The dot moves, but looks like if you wait for the crossover of the line, the pair will continue that way. Could have gotten quite a few pips on a couple trades if I had stayed in, but got twenty pips on two trades on both pairs, so looks good so far.
  • #32
  • Dec 3, 2008 4:48pm Dec 3, 2008 4:48pm
Quoting et_phonehome_2
What is considered significantly up/significantly down?

same q here, what is significant?
  • #33
  • Dec 3, 2008 10:34pm Dec 3, 2008 10:34pm
Quoting Fxcash
Thank You dznmrd for sharing your system. It's appreciated!

I wasn't sure on a trade set-up pertaining to the indicators.

1. In a BUY trade - If heiken ashi turns blue, then green dot appears however it takes 4 candles for RSI to cross over the pink line. (Can a buy order be executed for this set-up or is it to late?) Is there a rule on how many candles it takes for RSI to confirm?

2. Does longterm trend or higher timeframes determine your trades for the day on a 5 min. chart?

Thank you again and looking forward to demo this unique...
Ok to answer your questions,

1, If the heiken ashi turns blue, the green dot appears and if the RSi is crossing later...it could be a little late, the best idea is when all the conditions are met in a range of 1-2 candles. But sometimes it works, but it could be too late otherwise.

2. No longterm trend and higher timeframes dont make a very big difference, since we are only in and out on the 5mint trends.

  • #34
  • Dec 3, 2008 10:35pm Dec 3, 2008 10:35pm
Quoting et_phonehome_2
What is considered significantly up/significantly down?
If the Nikkei 225 or the Dow Jones is significantly up or down
  • #35
  • Dec 3, 2008 10:36pm Dec 3, 2008 10:36pm
Quoting mappollo69
Had this question as well.

BUY - If heiken turns blue, green dot appears but RSI doesnt cross for 3-4 candles, do we then enter trade?

So if RSI does not cross its a no trade?

Also, enter on close of candles, correct?

Thanks
Yes to all your questions, except if RSI cross after more than 1-2 candles then it could be a late entry (risk)
  • #36
  • Dec 3, 2008 11:08pm Dec 3, 2008 11:08pm
Great system, very interesting. Is there a link where I can get info on how does TDI work? I have tried googling but could not find a good link. Thanks agian for sharing the system.
  • #37
  • Dec 3, 2008 11:22pm Dec 3, 2008 11:22pm
Quoting dznmrd
I created this system for the most popular Japan Yen pairs, and i hope it will make u feel like a samurai with a double edged sword!

OK 1st thing you may know, Japan yens have a correlation, especially with the Euro-Yen and Pound-Yen. So we are going to use these 2 pairs together since they really act like twin sisters.

Entry/Exit rules for Buy trade
----------------------------
[color=blue]Buy Entry - Wait for blue Heineken Ashi candle + green dot + make sure the green RSI is crossed over the Pink base...
Could you or anyone else place the various indicators in format that would not crash windows vista or direct me to where I can find the indicators?
Thanks
  • #38
  • Dec 3, 2008 11:53pm Dec 3, 2008 11:53pm
Quoting gujju1990
Great system, very interesting. Is there a link where I can get info on how does TDI work? I have tried googling but could not find a good link. Thanks agian for sharing the system.
http://codebase.mql4.com/3357
  • #39
  • Dec 3, 2008 11:56pm Dec 3, 2008 11:56pm
Quoting dznmrd
I don't have the mq4's for all indicators, some common ones like "magnified market price" and "candle time" ... unfortunately i don't have the mq4 for the alt trend.. and yeah i think someone renamed it all.. asktrend, asctrend, askitrend_sandy, altrend... but its basically the same indicator, just shows u the reversal of trend and continuations. Very useful so much that ive made it part of my system
Found the mq4, http://codebase.mql4.com/4144
  • #40
  • Dec 4, 2008 12:03am Dec 4, 2008 12:03am
Quoting dznmrd
If the Nikkei 225 or the Dow Jones is significantly up or down
To answer your question...

A minimum of +/- 2% would be enough to give a directional bias on one of these pairs, with a decent level of certainty. The greater the variance, obvioulsy the greater the chance of seeing it play a part in the currency's direction.

Cheers.
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