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  • #101
  • Dec 8, 2008 2:54pm Dec 8, 2008 2:54pm
Quoting CanuckCT
Here is a shot of where I took the 40 pips on GJ. I've removed the indicators (except for gann) for clarity and to make a point. We should be using price action to confirm what the indicators are telling us...not the other way around. So we need to be looking at what price it doing.
Cheers
CanuckCT
Yes price action is sooo important this is where you can make the pips. Nice work here CanuctCT on all your examples
Thanks again for your support
Fxtrading24
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #102
  • Dec 8, 2008 2:56pm Dec 8, 2008 2:56pm
Quoting CanuckCT
I'm in. Not so much for the system...but for the comradarie.
Cheers
CanuckCT

well done all you guys here, it is going to be a best revarce thread for CD and belong to nice ang honest people helping eatch other.
  • #103
  • Dec 8, 2008 3:08pm Dec 8, 2008 3:08pm
Just want to say hello and good luck..
i hope i atleast i saved some from getting ripped off..
be aware ..cd and his crew is still swimming round like scharks..
i know who they are..so ill keep an eye at them.

and want to say special thanks too.:
Pips Queak Flamenco143 Mombone revrobwimb artov Dazzer f4mnect,
and a few more..
StopLoss is for none belivers... Trust the Gurus..
  • #104
  • Dec 8, 2008 3:15pm Dec 8, 2008 3:15pm
Quoting lillelise
Just want to say hello and good luck..
i hope i atleast i saved some from getting ripped off..
be aware ..cd and his crew is still swimming round like scharks..
i know who they are..so ill keep an eye at them.

and want to say special thanks too.:
Pips Queak Flamenco143 Mombone revrobwimb artov Dazzer f4mnect,
and a few more..
Hi lillelise let me know and PM me if you see them on this thread,
Thanks
FXtrading24
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #105
  • Edited 5:37pm Dec 8, 2008 3:40pm | Edited 5:37pm
I reprint a post from tkpower8 that never got the attention it deserved....and it's free.
Cheers
CanuckCT




You guys are so on my page I had to make a post.

First off props to CD, this method is so close to mine and although I'm not 100% Canadian I did grow up in Vancouver, so similarities all round.

I have combined my method and CD's and have the template below. I attach a zip with my templates, indicators and scripts for anyone to use if they like.

http://www.forexfactory.com/attachme...1&d=1227524330

Never underestimate the power of bull candle eating bear candle (or vice versa) as a confirmation to your trade and great place for your stop loss, this confirmation signal usually comes before the RSI. This pic is from this morning on the e/j, I also took a similar setup on the g/u.

Basically I have made the uselsss areas of RSI grey so we do ont see them and use the 13 period. My cci is 144 and 34 period. The magenta line is a triple stoch as close to the M15 stoch I could get without it being an mtf repainter. I use the 21SMA instead of the HA and the 55SMA to resemble M5 action. I also have news and other extras but they are not needed, just additional things that sometimes help with how long to stay in and/or if we should take a secondary entry.

If you want to stay safe and take less trades, only take the 1st instance of the 34 crossing zero while the 144 is already above. The magenta line should have crossed 50 in your direction and everything else is self-explanatory.

There is 1 template with alerts and 1 without and I usually take the 1st PROPER setup after 08 gmt and then the same again after 14 gmt. I trade e/j and g/u and it makes more then enough for this to be my only form of income.

Good trading to you all.

Oh yeah, my final notes would be about some of the negative crap I read on some of this threads pages.

1. This system works if you follow the rules
2. If you have nothing nice to say or anything to add then why waste your time typing it out.
3. If your bitter because you lost money (which may explain #2) then either work harder on your method or get a normal job and forget about forex, its not for everyone

Once again,
Good trading to you all.


FORGOT TO MENTION.
Anyone using my template please be aware that any indicator with time settings of any kind are for +2gmt so you will need to adjust accordingly. i.e SDX-Pivots and the breakout zones, both adjustable when you check the indi properties
Attached File(s)
File Type: zip FinalFX.zip   287 KB | 4,077 downloads
  • #106
  • Dec 8, 2008 3:49pm Dec 8, 2008 3:49pm
Quoting CanuckCT
I reprint a post from tkpower8 that never got the attention it deserved....and it's free.
Cheers
CanuckCT




You guys are so on my page I had to make a post.

First off props to CD, this method is so close to mine and although I'm not 100% Canadian I did grow up in Vancouver, so similarities all round.

I have combined my method and CD's and have the template below. I attach a zip with my templates, indicators and scripts for anyone to use if they like.

http://www.forexfactory.com/attachme...1&d=1227524330...
Wow looks interesting will have to give it a try. Thanks for posting. See all this is what it is all about people like CanuckCT doing all he can to help and better ideas to improve our trading.
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #107
  • Dec 8, 2008 4:28pm Dec 8, 2008 4:28pm
nothing wrong with the system..as good or bad as any other

i would suggest to pull up a 1m 2m and 5m chart like this..
it will help you seeing the trend..and enter/exit in the pullbacks..

take a look..you gotta watch it in real for some hours to see what i mean..

Btw.. there are a small difference between witch broker you use..
Attached Image (click to enlarge)
Click to Enlarge Name: 15.gif Size: 64 KB
StopLoss is for none belivers... Trust the Gurus..
  • #108
  • Dec 8, 2008 5:06pm Dec 8, 2008 5:06pm
Quoting CanuckCT
I reprint a post from tkpower8 that never got the attention it deserved....and it's free.
Cheers
CanuckCT




You guys are so on my page I had to make a post.

First off props to CD, this method is so close to mine and although I'm not 100% Canadian I did grow up in Vancouver, so similarities all round.

I have combined my method and CD's and have the template below. I attach a zip with my templates, indicators and scripts for anyone to use if they like.

http://www.forexfactory.com/attachme...1&d=1227524330...
Can someone post temp and indys unzipped. I can't un zip, computer problems.

Thanks
Mombone
  • #109
  • Dec 8, 2008 5:12pm Dec 8, 2008 5:12pm
Hello everyone, I've moved over from the FX Prime thread and am loooking forward to all your insightful posts.

F4mnect's system is the best for me, but like all lagging indis it WILL give out false signals and if MM is not set properly, you WILL blow up your account. I have found success also with Mouteki's trend line support system. Its a completely different system (not a hybrid) and looks only at support and resistance lines. There is a lot to be said about price action and the indicator between the ears. There is actually a thread here on FF, but I've attached the the rules anyway.

I was wondering if someone smarter than me could combine the 2 systems to filter out these false signals, or if at all the guys on here have an opinion.

BTW I'm not trying to change the thread, I just value your opinion. Also I use the H4, H1 and M5 for this system, not just the 4H as the rules state.

Good luck people.

Dazzer
Attached File(s)
File Type: pdf Mouteki[1].pdf   658 KB | 1,671 downloads
  • #110
  • Dec 8, 2008 5:30pm Dec 8, 2008 5:30pm
Here they are

Quoting Mombone
Can someone post temp and indys unzipped. I can't un zip, computer problems.

Thanks
Mombone
Attached File(s)
File Type: zip FinalFX.zip   287 KB | 1,318 downloads
  • #111
  • Dec 8, 2008 5:32pm Dec 8, 2008 5:32pm
Quoting lillelise

i would suggest to pull up a 1m 2m and 5m chart like this..
it will help you seeing the trend..and enter/exit in the pullbacks..
Good advice for creating a clearer overall picture. However I'd rrespectfully say larger time frames also need to be checked and trendlines and channels drawn. 1H/5M/1M is my personal preference but generally whatever feels right for you is the right setup for sure.

Cheers lillelise, good work on the other thread, tho i did think you were an agrieved obsessed ex of CD for a while.
steve
  • #112
  • Dec 8, 2008 5:42pm Dec 8, 2008 5:42pm
hi guys... i just found this thread... poor me
i'm newbie, rookie and i've been searching the best way to scalp. i use fx24 setting and already got some pips on UJ. i'll bookmark this thread for certain. thanks for sharing this system
  • #113
  • Dec 8, 2008 6:55pm Dec 8, 2008 6:55pm
WARNING PEOPLE ESP THOSE WHO ARE USING THIS SYSTEM FOR LIVE A/C!!!....The Big Boys outhere are also hawking at this thread as it is the fastest thread in FF (half a million viewers in 3 mths!). Their own system is also evolving and with all this indicators exposed they could manipulate it and trigger ALL YOUR STOP LOSSES in seconds! Pls do not use indicators for entry an exit. Use them at higher time frame for spoting the direction of market. Always stick to simple rules such as pattern breakouts, trendlines, mouteki and fibs. Btw. i'm not selling anything here. Just helping you guys out not to burn your margin.

P.S. If you go short, the big boys will go long.......think as how they think...
  • #114
  • Dec 8, 2008 6:57pm Dec 8, 2008 6:57pm
Quoting Al-Q-DUH
WARNING PEOPLE ESP THOSE WHO ARE USING THIS SYSTEM FOR LIVE A/C!!!....The Big Boys outhere are also hawking at this thread as it is the fastest thread in FF (half a million viewers in 3 mths!). Their own system is also evolving and with all this indicators exposed they could manipulate it and trigger ALL YOUR STOP LOSSES in seconds! Pls do not use indicators for entry an exit. Use them at higher time frame for spoting the direction of market. Always stick to simple rules such as pattern breakouts, trendlines, mouteki and fibs. Btw. i'm not selling...
Thanks for advice...
Traders are smartasses
  • #115
  • Edited 11:14pm Dec 8, 2008 7:10pm | Edited 11:14pm
I am still messing around trying to get a few indicators off my charts and find the Khaos Assault2 Indicator to be very handy.
Attached Image (click to enlarge)
Click to Enlarge Name: khaosng3.jpg Size: 103 KB



http://www.forexfactory.com/Khaos%20...t2%20Indicator
Starting to see instead of just looking.
  • #116
  • Dec 8, 2008 7:13pm Dec 8, 2008 7:13pm
Quoting Spsantos
Thanks for advice...

"P.S. If you go short, the big boys will go long.......think as how they think..."

Sounds like PARANOIA to me.
Starting to see instead of just looking.
  • #117
  • Dec 8, 2008 7:43pm Dec 8, 2008 7:43pm
Quoting Al-Q-DUH
WARNING PEOPLE ESP THOSE WHO ARE USING THIS SYSTEM FOR LIVE A/C!!!....The Big Boys outhere are also hawking at this thread as it is the fastest thread in FF (half a million viewers in 3 mths!). Their own system is also evolving and with all this indicators exposed they could manipulate it and trigger ALL YOUR STOP LOSSES in seconds! Pls do not use indicators for entry an exit. Use them at higher time frame for spoting the direction of market. Always stick to simple rules such as pattern breakouts, trendlines, mouteki and fibs. Btw. i'm not selling...
  • #118
  • Dec 8, 2008 8:04pm Dec 8, 2008 8:04pm
Quoting Al-Q-DUH
Yeah yeah laugh u guys.....well let me see... 95% lose their money in fx...a majority of you guys are newbies and playing demo a/c....and let's see..oh yes, most of you guys are orang puteh and statistic shows ASIAN trader are wayyyyy better that you orang putehs....becos of the daylight advantage we have..well, stick to your rules then....just trying to help out newbies....btw to dazzer , that's good you are using mouteki for your trading.....anyway, one more question DOES ANY1 HERE KNOWS HOW A SPOT BROKER WORKS AND HOW THE ACTUAL FX MARKETS WORKS?...opps!...
Ride on. You hit the nail on the head. I sometimes have to shake my head on what is happening in this economy here.

D.
  • #119
  • Edited 11:16pm Dec 8, 2008 8:06pm | Edited 11:16pm
Quoting Rastaman
I am still messing around trying to get a few indicators off my charts and find the Khaos Assault2 Indicator to be very handy.
Attached Image (click to enlarge)
Click to Enlarge Name: khaosng3.jpg Size: 103 KB



http://www.forexfactory.com/Khaos%20...t2%20Indicator
I know what you mean. It's a good indicator if there would be a better signal that would state clearly when to enter.

D.
  • #120
  • Dec 8, 2008 8:11pm Dec 8, 2008 8:11pm
I've been following this thread(old fx prime now this one) for a few weeks and am overwhelemed by the support that you all are offering. Thanks very much.
I hope to get some feedback on my trades. Here are a few from today.

I realize i have a lot of muck on my screen, but i'm still trying to figure out what indicators will best assist my trading style. I too mostly follow price action/ candle reading and the more traditional technical analysis approaches.
I'm using an MM approach where i'll cover half my lots after getting 10 pips or cover my SL amount. Then i'll wait til a candle closes past 2:1, where i'll start manually adjusting my stop about 20 pips trailing - first to B/E after 2:1, then everytime it closes another 10 pips away i'll move the stop so its about 20 pips away. Hope this makes sense to everyone. I'm looking to lock in about 10 pips if i can, get to cover b/e and then let the rest ride if possible.
This worked pretty well today. I let some winners ride, and kept the losses small.
As i'm still trying to get the hang of this, i'm taking a lot of signals in demo even if they're not perfect. I think its a great way to learn. After i'm done each day i put these pictures together, print them out and write all over them so that i can see what i did right and wrong - then it all goes in my journal.
I've already gone through these, but I was hoping i could get feedback from people, because i'm SURE i overlooked some things.

EY and GU trades below:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20081208 ey2_42.gif Size: 51 KB
Click to Enlarge Name: 20081208 ey8_54.gif Size: 56 KB
Click to Enlarge Name: 20081208 gu7_24.gif Size: 51 KB
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