Thats weird on the Vista problems. I've used a few systems now that people say crashes with Vista, and I've never had a problem in over a year with Vista, works perfect.
During your trading hours between London open to New York close, do you trade every signal mechanically and then make a quick exit if it seems to be going nowhere.
Or do you use discretion and only take the entries where there is some obvious movement.
Or...yet another possibility: Upon seeing a signal to do wait to see whether it starts moving before entering?
The reason I asks that a good number of signals occur during trading range markets. Earlier, you had given the advice only trade when you see the price action move outside of the moving...
Mondays & Fridays are the best days to catch the big moves. Almost every Mondays there's a big gain trend and almost every Fridays during the last hours of the market there always another bull/bear rally before the market closes.
Sessions also are times when you can make big gains usually. Almost every time London opens there's a big movement right after the session starts and almost every time 1hour after US opens there's a big move, due to the NY stock market opens and the dow jones index.
Also times when you can make big gains are when the Nikkei 225 is significantly up or down and also times to make big gains are when the Dow Jones is significantly up or down.
Why the relation between Nikkei 225 and Dow Jones with euro-yen and pound-yen?
Its because of its effect with the USDJPY, since its one of the major movers for almost all the YEN pairs.
So these are the times u really need to be watching the market, its really easy 100-200pips+ if your awake for the start of London session and the start of NY stock market open and if u see Nikkei 225/Dow Jones Index in significant moves.
Also you will trade mechanically after the London/nystock has finished it moves, Its more important to understand how the system works rather than just blindly following what it says.
A little bit of understanding...
The Dot is a immediate trend indicator, it would show u a dot each time the immediate trend has changed, so if your seeing a dot its trying to tell you which side the market is gonna probably move.
The Heiken Ashi candles with the 2 moving averages, The Heiken Ashi candles being used are based upon the average of previous close+previous open+open+high+low+close to tell u which way price is moving. Its way way better than watching normal candles, since normal candles would only base itself with the open+high+low+close of the timeframe your viewing. The 2 Moving averages are 5 period smoothed moving averages based on the average of high prices and the average of low prices, So it acts like a moving support and resistance line and a candle breakout from these lines tells you a strong move is going on and you should be watching these times if all the other conditions are met so you can get an entry. Please remember we need the candle to breakout and close above/below those 2 moving averages and not Wicks made above or below the moving average lines.
The green/pink lines is basically the Traders dynamic index indicator, by default there's supposed to be 3 lines and a boilinger band of which ive disabled the boilinger band and the 3rd line, so that we can see only whats needed for the trade. The green line is a RSI - relative strength index, its a volumes based indicator, volumes are the size of trade people are investing, you can open the "new order" in metatrader and there it would state "volume" for the size of the trade like 0.10, 1lot, 10lots ect. So in the green/pink window we are seeing which way the volume of money's flowing in the market.
Ive suggested to DEMO TRADE ATLEAST 1 WEEK, because the market will teach you a lot of things and also you would get the hang of using this method.
Id also like to mention, you can switch the timeframe on the chart and you can also analyze 15m,30m,1hour,4hour,daily using the template. But remember that LAG=Losses, especially for the euro-yen and pound-yen. Because if you check the 5 mint chart you will see it does 100pips in like 20-30minutes, so you can make too much money from a 5min chart than a 4hour on these pairs.
About trading in range market, I've already written, you can trade hit-n-run and take 10-20pips on the signal and get out of the trade that way...
Also remember, money management is the key, so do not trade more than 1-10% of your balance per trade. Trust me if your trading 10% of your balance and you do 100pips a day. In like 50-60 days you can grow 1000USD to over 1Million USD!!
Hope the system can make u a lot of pips and my explanation is of help.
Guys, I'd also like to share something this weekend, something to enlighten your minds. Its true if you trade with a fear of loss, your mind actually attracts the loss and so you would do things that would make u lose, and if you trade with confidence with the intention to win, your mind would actually attract a win and would would find yourself winning!
Check out this video its explains everything and chill this weekend!
http://nl.youtube.com/watch?v=_b1GKGWJbE8
Check out this video its explains everything and chill this weekend!
http://nl.youtube.com/watch?v=_b1GKGWJbE8
Thanks dznmrd for the recent summary of how best to use your system. I really like the 5ma hi/lo as a filter. I am still curious about your post #9 where you said your friend Mr. Reed did 2500 to 14K in one week. Can you ask him what he may have done additionally to achieve such results? I wonder if he did anything differently like risking much more than 10% that you advise.
Ok dude, from my experiences using the twinblade system..
Hope the system can make u a lot of pips and my explanation is of help.
Well, your system has flaws and I already pointed out where they are.
I believe I did in a constructive manner.
Just that some people confuse criticism with negativism.
I sincerely wish you all the best and hopefully this thread doesn't turn into a feast of curving fitting like most do.
Regarding flaw 1 -
As i wrote on my 1st post, i don't give a recommendation for stoploss, its all up to the trader and his/her confidence in a trade direction and risk tolerance levels.
The only recommendation i can give is go no more than 1-10% of your balance per trade, that way your risk.reward would also be in a range on 1-10% of your balance. If you trade 10% and u gained 20pips, you grew your money by 2% and if you lost 20pips, lost just 2% of your money.
Regards to stoploss, id only recommend a 100pip protection stoploss, just incase gbpjpy fell a 1000pips, ud be stopout at 100pip. But offcourse your not going to sit and wait for it to hit your protection stoploss and you would exit the trade far in advance.
Regards to flaw 2 -
The dot indicator recomputes according to how the market moves, say 15mins ago there was a pink/red dot. so at that moment it was going down and 15mins later a pink/red dot dissapeared and now instead a green/blue dot appears, so the indicator recomputed and now its trying to say its going up and not down.
Hope it helps
Thanks dznmrd for the recent summary of how best to use your system. I really like the 5ma hi/lo as a filter. I am still curious about your post #9 where you said your friend Mr. Reed did 2500 to 14K in one week. Can you ask him what he may have done additionally to achieve such results? I wonder if he did anything differently like risking much more than 10% that you advise.
Oh, he is trading as he likes, sometimes with even 100% of his balance if he is confident about a move, Now hes balance is like 20k and I don't think he is trading 10%, But you know, its rather good to rich for the long term than to be lucky for the shorterm