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Attachments: Bull and Bear Entry
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Bull and Bear Entry

  • #1
  • First Post: Edited Feb 14, 2009 1:20pm Jan 18, 2009 1:46pm | Edited Feb 14, 2009 1:20pm
Pair GBP/JPY

Time Frame 5 Minutes

Requirment

EMA 21 High

EMA 21 Low

Heiken Ashi

Bulls period 14 and Bears Period 14 (both of them are in the Indicator section)


Open Data Window for checking the bull and bear Number

Long Entry :

Candle Closed below EMA 21( LOW) with Bulls Number .01 and above

Enter for trade in the next candle

Exit when one of the subsequent candle open with Red

Short Entry :

Candle Closed above EMA 21 (High) with Bear Number( Minus) .01 and above

Enter for trade in the next candle

Exit when one of the subsequent candle open with White


Stop Loss : Based on traders aggresive nature to taking risk


No Trade if the candles are inside EMA 21 high and LOW


Read Post 318 for revised trading method :
  • #2
  • Jan 18, 2009 11:31pm Jan 18, 2009 11:31pm
Exit Strategy Additional Details

For Long and short if the Red/White Candle is formed inside the 21 EMA High and Low

Options:

Keep the contract alive till the exit candles are formed outside the 21 EMA high/Low or

close 50% of the Lot and the balance 50% put at BE
  • #3
  • Jan 18, 2009 11:46pm Jan 18, 2009 11:46pm
Can you post screenshots with template?
Thank's
  • #4
  • Jan 19, 2009 8:52am Jan 19, 2009 8:52am
Quoting harigp
Pair GBP/JPY

Time Frame 5 Minutes

Requirment

EMA 21 High

EMA 21 Low

Heiken Ashi

Bulls period 14 and Bears Period 14 (both of them are in the Indicator section)


Open Data Window for checking the bull and bear Number

Long Entry :

Candle Closed below EMA 21( LOW) with Bulls Number .01 and above

Enter for trade in the next candle

Exit when one of the subsequent candle open with Red

Short Entry :

Candle Closed above EMA 21 (High) with Bear Number( Minus) .01 and above

Enter for trade in the next candle

Exit when one of...

Please confirm the bull and bear trigger point. 0.01 or 0.1?
  • #5
  • Jan 19, 2009 9:34am Jan 19, 2009 9:34am
HI Aelimian


The attached chart where I have drawn the vetical line the candle
above EMA 21 High the Bear no was -.06 and you will enter for trade
the next candle and in the data window you can see the change in the
numbers of bear and bull
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 30 KB
  • #6
  • Jan 19, 2009 9:43am Jan 19, 2009 9:43am
Hi Friend Harigp..

Nice to see you here in your thread with your own system..

hope to learn from you ..
Never sell @ lower upward channel unless breacked and vise versa .
  • #7
  • Jan 19, 2009 9:51am Jan 19, 2009 9:51am
Hi wed wed

Nice to talk with you, Yes wed when the bear no becomes minus .01 onwards
you can go for short entry and plus .01 onwards long entry

You know the candles should be above EMA 21 high for short and EMA 21 low
for long
  • #8
  • Jan 19, 2009 9:53am Jan 19, 2009 9:53am
Quoting harigp
Pair GBP/JPY

Time Frame 5 Minutes

Requirment

EMA 21 High

EMA 21 Low

Heiken Ashi

Bulls period 14 and Bears Period 14 (both of them are in the Indicator section)


Open Data Window for checking the bull and bear Number

Long Entry :

Candle Closed below EMA 21( LOW) with Bulls Number .01 and above

Enter for trade in the next candle

Exit when one of the subsequent candle open with Red

Short Entry :

Candle Closed above EMA 21 (High) with Bear Number ( Minus) .01 and above

Enter for trade in the next candle...

i think u mean in short entry bear No. -0.01 or Below.. ( -0.01,-0.02,-0.03.... )
Never sell @ lower upward channel unless breacked and vise versa .
  • #9
  • Jan 19, 2009 9:54am Jan 19, 2009 9:54am
Quoting harigp
Hi wed wed

Nice to talk with you, Yes wed when the bear no becomes minus .01 onwards
you can go for short entry and plus .01 onwards long entry

You know the candles should be above EMA 21 high for short and EMA 21 low
for long

Thanx for clearification
Never sell @ lower upward channel unless breacked and vise versa .
  • #10
  • Jan 19, 2009 10:37am Jan 19, 2009 10:37am
PROMISED SYSTEM

Attached Image (click to enlarge)
Click to Enlarge Name: harpig.gif Size: 13 KB
Never sell @ lower upward channel unless breacked and vise versa .
  • #11
  • Jan 19, 2009 1:35pm Jan 19, 2009 1:35pm
Hi wed wed

Thanks

You can superimpose the bull and bear indicator as one to get better
understanding of the flow of candles
  • #12
  • Jan 19, 2009 3:25pm Jan 19, 2009 3:25pm
Hello,

I was wondering if your system works on other pairs and if you have tried it on a 1Min. chart. By other pairs, I mean the majors like Eur/Usd , Gbp/Usd , Usd/Jpy , Usd/Chf. Seems like a good system! How long have you been using this set up? Thanks for posting....T-Wolf
  • #13
  • Jan 19, 2009 3:32pm Jan 19, 2009 3:32pm
Have checked out your posts and system, and can tell you put a lot of time and thought into it. How long have you tested it, and what have been your results? How did you figure it out?
I've been thinking about something similar with other pairs using various distances away from a 40 Moving Average, depending on the time frame. As you know, the problem is that the pair will move outside of it's normal boundaries and you never know for how long. I was looking for a way to determine when to make an entry after a pair moved outside that range, and looks like you found a way for the gippy. Good work.
Perhaps with the proper plus and minus numbers, this would work on other pairs and time frames as well?
  • #14
  • Jan 19, 2009 9:25pm Jan 19, 2009 9:25pm
Yes it works on all pairs.It works also in one minute chart but you need fast fingers to get in and get out

I was expermenting this system for about two weeks first with only the bull and bear indicator and later only I tried to look into the data window and
found that the data window gives more clear picture for entry and exit
  • #15
  • Jan 19, 2009 10:07pm Jan 19, 2009 10:07pm
Does it work with the same settings on all pairs? Does look like you have more winners than losers on the gippy, but one drawback is the screen time. Would be nice if someone could make an indi for it.
  • #16
  • Jan 19, 2009 10:56pm Jan 19, 2009 10:56pm
I did some testing on EU and euro/AUS with the same method
It works

Belive it or not in my real account I was able to make 85 pip in EU/AUS yesterday

If we wish to move forward with the system I prefer to concentrate with one
pair and I have choosen GJ because it is my favourate pair and the results
are fast.
  • #17
  • Jan 20, 2009 6:07am Jan 20, 2009 6:07am
Quoting harigp
I did some testing on EU and euro/AUS with the same method
It works

Belive it or not in my real account I was able to make 85 pip in EU/AUS yesterday

If we wish to move forward with the system I prefer to concentrate with one
pair and I have choosen GJ because it is my favourate pair and the results
are fast.
Great system. Please what SL do you use for GBPJPY?
Also if you get a short signal above 21 EMA high, do you stop and reverse if it does not continue to go in your direction? If yes how do you determine that point? Would a new increase in bull above 0.01 be enough to SAR?
Thanks.
  • #18
  • Jan 20, 2009 6:30am Jan 20, 2009 6:30am
Hi Aelimain

Short placed above 21 EMA while the bear number is minus


The only thing you have to take care is even if the candle above 21EMA has minus but if it is in consolidation which you can spot when there is gap
in the middle of bull and bear indicator better not to trade

Stop loss something which is in the process of thinking

Attaching chart with some remarks
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 42 KB
  • #19
  • Jan 20, 2009 1:13pm Jan 20, 2009 1:13pm
Just want to be sure I understand the system. Scrolling back, I see a trade at 01:55 that would have netted 10 pips. After that, there were 5 long trades that would have lost. At 08:15, 08:45, 08:55, 09:30 and 09:35. Now it's 19:10, and from 09:35 to now, there were no other viable trades, meaning 10 hours without any entries.
If I understand the instructions correctly, this would sure seem to be a lot of chart watching.
  • #20
  • Jan 20, 2009 1:44pm Jan 20, 2009 1:44pm
Hi parado


I will look into those times you have mentioned in the chart. Regarding chart
watching I think one strong move either uk or us session is enough to give
good pip for the day in the real world

Today as you know gj is bearish and any pull back is opportunity for short
except one or two strong move to the upside as you can see most of the time the bulls were facing down .
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