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Sweet spot trading

  • #61
  • Oct 14, 2008 12:41am Oct 14, 2008 12:41am
Hallo Paulus!

I think, the system is very good. Just checked. I like the retracements to the ema's . Here my first trade. I will trail the stop.
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  • #62
  • Oct 16, 2008 1:49pm Oct 16, 2008 1:49pm
Just curious, has anyone backtest or forward testing this out beside Paulus? Want to know what your result are. I know Paulus is busy so just thought I get feedback from others.




Quoting Happy68
Hallo Paulus!

I think, the system is very good. Just checked. I like the retracements to the ema's . Here my first trade. I will trail the stop.
  • #63
  • Oct 16, 2008 7:18pm Oct 16, 2008 7:18pm
Thank you for share with us, sounds very good
  • #64
  • Oct 17, 2008 12:20pm Oct 17, 2008 12:20pm
Quoting Paulus
My personal life is still tricky

came close to losing wife kids house etc..pc time is a premium so cannot always get here.

It will be like this for me for some time

But thats life we just have to think good will win,evil tempts you but I know now its the weaker

Paulus
thanks for share your new system Paulus...May God will bless you all the time
let's make pips
  • #65
  • Oct 17, 2008 12:25pm Oct 17, 2008 12:25pm
Just one more question Paulus..Your Exit strategy for this system?...Or SL?
thank you for your help
let's make pips
  • #66
  • Oct 17, 2008 3:24pm Oct 17, 2008 3:24pm
Quoting kapten_haddo
Just one more question Paulus..Your Exit strategy for this system?...Or SL?
thank you for your help
Oooopsss...i'm sorry...this is stupid question...you are alredy answer it...thx
let's make pips
  • #67
  • Oct 18, 2008 3:12am Oct 18, 2008 3:12am
Quoting Paulus
ok the last few days have been rough from a markets and a personal view...lols so sorry for the lack of posts.

I wasnt going to post this explaination as I stated only if it holds up will it be posted but some one may be able to do some thing with it in principle its a sound idea...so here we go

1 chart 5min
On the chart lay 21 a 13 and a 3 ema

Your chart will now have 3 x ema's the difference between the 13 and 21 is called the sweet spot the 3 ema is used for final confirmation

Longs

13 above 21 price closes in or below the sweet spot price ticks up with green candle 3 ema is heading up

Shorts

13 below 21 prices closes in or above the sweet spot price ticks down with a red candle 3 ema is heading down.

All we are doing is trying to identify the current trend and entering on a re tracement.

Aggressive entry do not wait for the 3ema to tick in the direction of the trade example given on chart

Template included
Thanks for share. God will bless you!
  • #68
  • Edited 10:58pm Oct 20, 2008 3:13pm | Edited 10:58pm
Paulus,

What times do you trade this/recommend?
And, can you detail the squeeze a bit more? I am not quite sure if there is a sequence to the MAs that must occur to be valid.

Hope things are getting a bit easier for you.....

Thanks for another great system.
  • #69
  • Nov 3, 2008 12:40pm Nov 3, 2008 12:40pm
hi just posting this for a friend will reply to messages as soon as possible
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  • #70
  • Nov 3, 2008 7:23pm Nov 3, 2008 7:23pm
Welcome back to your thread, Paulus!

This system has a lot of promise; you have a knack for inventing good systems.

Looking forward to seeing the developments.

gtrade.
  • #71
  • Nov 3, 2008 7:27pm Nov 3, 2008 7:27pm
I enjoy this system. Thank you for share
  • #72
  • Edited 11:49am Jan 24, 2009 11:37am | Edited 11:49am
Quoting Paulus
Good start for the 1st day

2 sets of stops and targets

The 1st is my old 20 pip tp and 10 sl

The fig in brackets is low of signal candle and high of last swing x 2 so if the low of the signal candle is 10 and the swing high is 30 .. sl is 30-10 = 20pips

TP is then 2 x SL = 2 x 20 = 40pips tp

as you can see the fixed 20 and 10 made 70pips

The varied sl and tp has made 109 but needs money managment as stop sizes will vary but your risk per trade should not.

Paulus

Hi Paulus. How are you?

Im trying to understand what is "sign" of this system..

The picture on the bottom is showing the image of "Swing High =SH, and Swing Low = SL".
It looks like we need at least 3 to 5 candles set to find where the SH/SL be. But on the pic youd posted, the most of signs cought candles which hit the SH.

So Im probably miss understanding.
Plz help me to understand when to Open Psition.
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  • #73
  • Jan 25, 2009 1:16pm Jan 25, 2009 1:16pm
calcalcal,

Hey. Thats because when those pictures were posted, he had not posted the EMA's for the system. The setup would have to include the correct order of the emas to create what he calls the "sweet spot". Once price reacts in these areas, this is where you get your signals for swing highs and lows.
"Your big opportunity may be right where you are now." Napoleon Hill
  • #74
  • Jan 26, 2009 1:51am Jan 26, 2009 1:51am
Quoting TheHefner
calcalcal,

Hey. Thats because when those pictures were posted, he had not posted the EMA's for the system. The setup would have to include the correct order of the emas to create what he calls the "sweet spot". Once price reacts in these areas, this is where you get your signals for swing highs and lows.

Hi Thehefner. Thank you for your advice
It helps me a lot, and now I got how I find the" Sweet Spot". yes!

By the way, im still wondering how he could find the sweet stop without using 3 EMA as seen on the pic which i recently posted....
  • #75
  • Jan 26, 2009 2:39am Jan 26, 2009 2:39am
Quoting Paulus
ok the last few days have been rough from a markets and a personal view...lols so sorry for the lack of posts.

I wasnt going to post this explaination as I stated only if it holds up will it be posted but some one may be able to do some thing with it in principle its a sound idea...so here we go

1 chart 5min
On the chart lay 21 a 13 and a 3 ema

Your chart will now have 3 x ema's the difference between the 13 and 21 is called the sweet spot the 3 ema is used for final confirmation

Longs

13 above 21 price closes in or below the sweet...
Nice explanation, thanks.
  • #76
  • Jan 26, 2009 7:08am Jan 26, 2009 7:08am
Quoting calcalcal
Hi Thehefner. Thank you for your advice
It helps me a lot, and now I got how I find the" Sweet Spot". yes!

By the way, im still wondering how he could find the sweet stop without using 3 EMA as seen on the pic which i recently posted....
Calcalcal,

I believe he mentioned that he wanted to post the charts without a mess at the beginning and wanted to wait a week for the results before explaining the whole method. If you go on to the posts past the charts you posted, you will see the pics he has with the visuals of emas.
"Your big opportunity may be right where you are now." Napoleon Hill
  • #77
  • Jan 26, 2009 8:33am Jan 26, 2009 8:33am
Quoting TheHefner
Calcalcal,

I believe he mentioned that he wanted to post the charts without a mess at the beginning and wanted to wait a week for the results before explaining the whole method. If you go on to the posts past the charts you posted, you will see the pics he has with the visuals of emas.

Right. id red all his posts/threads and saw how this thread has been developed.

I was just missunderstanding the first part....

Becuase he usually gives us an idea of how we fight the market without "ind ", and i was guessing the this thread gone to be the development of his last thread "123 sys".

So seems i was just mixn up with it.

http://www.forexfactory.com/showthread.php?t=144374

i appreciate you helping me anyway
  • #78
  • Jan 27, 2009 6:54am Jan 27, 2009 6:54am
Quoting calcalcal
Right. id red all his posts/threads and saw how this thread has been developed.

I was just missunderstanding the first part....

Becuase he usually gives us an idea of how we fight the market without "ind ", and i was guessing the this thread gone to be the development of his last thread "123 sys".

So seems i was just mixn up with it.

http://www.forexfactory.com/showthread.php?t=144374

i appreciate you helping me anyway
No problem . Happy trading.
"Your big opportunity may be right where you are now." Napoleon Hill
  • #79
  • Jun 5, 2009 7:52am Jun 5, 2009 7:52am
Quote:
Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.
-Thomas Edison

It took Edison 2,000 attempts to get it right lol
  • #80
  • Jan 28, 2022 9:40am Jan 28, 2022 9:40am
Hello guys, could someone please modify Sweet Spot indicator so that:

  1. the indicator horizontal lines are not used(visible) on the chart.
  2. the prices (price tags) of the sweet spot levels display in the chart Scale (on the right vertical of the chart)

Reason being that the lines clutter the space on the chart.

Thank you very much in advance. Jan

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