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  • #21
  • Mar 7, 2009 4:30am Mar 7, 2009 4:30am
Dear Forexjedi;
I've a suggestion to a more practical approach of the TP. I use fib projections from the point of entry generated by the signal. I draw Fib. from the point of entry to the recent high/low preceeding the move. I could stop on 161.8% or 261.8% based on my risk taken strategy. This could be a very practical approach and eliminating the guess factor in the TP of this system.

Kindly evaluate and let me know your comments.

Note the attached screens.
Attached Images
  • #22
  • Mar 7, 2009 4:38am Mar 7, 2009 4:38am
Forexjedi;
Kindly note my attached screen. It shows a dislocation of the signal between your system and mine. Although we have the same signal generated, however, your signal was generated on 1.2618 while mine was generated on 1.2657. do you have any explanation?

Regards;

Ahmad




Quoting forexjedi
Friday was still a fairly profitable day even with the NFP annoucement. The first trade initiated at 6:15gmt on my ibfx platform produced a profitable pips range of 107pips. At this point one would have has 2 options after the trade maxed out at the weekly pivot at 1.2725 7:30gmt. 1) take full profit 2) Be a little risky and hold out for todays eventual high ( 2nd trade and next long signal) of 1.2753 at 14:30gmt just below the monthly pivot at 1.2760. The third trade which wwas a short from the 15:00gmt candle initiated when passing th 10 pip filter...
Attached Image
  • #23
  • Mar 7, 2009 5:16am Mar 7, 2009 5:16am
i just want to thank you, forexjedi, for your work here. it is much appreciated. thanks!
meine augen sind die sterne
  • #24
  • Mar 7, 2009 5:31am Mar 7, 2009 5:31am
abedewi:
The price difference you observed may be the difference in broker price feeds.
  • #25
  • Mar 7, 2009 6:47am Mar 7, 2009 6:47am
i think it's aprofitable method but i think it's need filters cause i used it in eur-usd but you see afake signals in the chart and i don't know how could we put SL to this method or it's awrong time i usde al-trade chart could you please explain more about after asignal appears and price go opposite that signal .. i tried it on gbp-usd and it's good too
Attached Image (click to enlarge)
Click to Enlarge Name: 07-03-2009 02-41-08 م.gif Size: 14 KB
  • #26
  • Mar 7, 2009 7:11am Mar 7, 2009 7:11am
Quoting rss
i think it's aprofitable method but i think it's need filters cause i used it in eur-usd but you see afake signals in the chart and i don't know how could we put SL to this method or it's awrong time i usde al-trade chart could you please explain more about after asignal appears and price go opposite that signal .. i tried it on gbp-usd and it's good too
Hi RSS,

on your chart, the pending orders mostly would have never been executed, as the green candle did not appear, or did appear too late.

Cheers, Lowen
  • #27
  • Mar 7, 2009 7:16am Mar 7, 2009 7:16am
Hey eTrader,

I think many of your answers can be found in the initial vforce thread by FJ.

Just try to understand the "Black Box" as an additional indicator to your collection. It's complex, yes, but it has it's thought-out purposes and may create signals as other system's indicators (or combinations) also will do.

I bet the combination of indis is only the first step for this system, but FJ and RD put many hours of hard work into it so trust them like you would trust any good indicator of another working system.
Again: This "black box" is not the whole system, but just the no-go or go initiator.
Additionally FJ mentioned all the indicators involved here.


Have a nice WE,
Lowen


Quoting eTrader
Trading an Unknown Black Box UBB

I think most "traders" want to know what's inside your box, otherwise they feel like a bunch of apes...

I have to know what's inside before I am going to trade with it.
All the "traders" who are going to use this black box tool are just like a bunch of monkeys aping the "great master".

Why don't you explain your system ?
Giving this system don't has any educational value.
It's just an unknown...
  • #28
  • Mar 7, 2009 9:33am Mar 7, 2009 9:33am
Siuol
babypips.com is a pretty good start for candlesticks. Be carefull, you can get so involved learning about candlesticks, that you forget other things basic to trading. At least that is what i have found. The position of the candles is also important. This thread is going to be great.
  • #29
  • Mar 7, 2009 9:39am Mar 7, 2009 9:39am
Quoting 4xpower
thats in summary , if you risk 1% you will have ~ 1.5 % profit if you take all trades and take profit at 20 pips 80%,...
Hello Sir,
Can you enlighten us which system you are using to earn substantial amount of pips money ever day, please?
Thanks,
Bomi
If you wish you can email me private message with your template and other info.
  • #30
  • Mar 7, 2009 9:52am Mar 7, 2009 9:52am
Quoting forexjedi
Hi all,

Trade stats for this week are in including some brief commets on each trade. Also included are trade times so one can review the trades.

Monday

Trade 1

Signal candle was at 12:45gmt
trade initated at 13:30gmt
profitable pip range was 28 pips
Thoughts are that one would have take 80% at 20 pips. One could closed this trade at BE and
never let a good trade become a bad trade. Or one could have let their stop get hit at 1.2563
for a loss of 40 pips at 20%.

Trade 2

signal candle was at 15:45gmt
trade initiated at 16:00gmt
profitable...

Thanks Jd n RD for all your hard work n sharing your love of labour with all us traders here. god Bless you Both!!!
One q., how many pips TP with each trade we should take?? Sometimes you mention 45 pips , sometimes 69??
Is there a typical TP we must take n expect from this system or not? EG. Does your system not recognize when our long will become short? and viceversa??
Thanks, waiting for your guidance here.
  • #31
  • Mar 7, 2009 11:32am Mar 7, 2009 11:32am
abedewi,

Your comments are are extrememly valid. This first week was to get people used to the indicator. On week 2 starting this Sunday we will be implementing fibs, picots and TLs. All these items will create our TP goals and also be changing where the SL is placed and so on. I hope to see you around assisting with your experience on dib extensions for TP reasons. Also can you please only post with the system indicators only? Thanks for your post

FJ

Quoting abedewi
Dear Forexjedi;
I've a suggestion to a more practical approach of the TP. I use fib projections from the point of entry generated by the signal. I draw Fib. from the point of entry to the recent high/low preceeding the move. I could stop on 161.8% or 261.8% based on my risk taken strategy. This could be a very practical approach and eliminating the guess factor in the TP of this system.

Kindly evaluate and let me know your comments.

Note the attached screens.
Stacking pips since 2002
  • #32
  • Mar 7, 2009 11:36am Mar 7, 2009 11:36am
rss,

Please read the PDF on post 1 regarding your the entry for the system. The entry takes place as a 10 pips pending order. If the pending order is initiated within 4 candles the order is deleted. I hope this helps you out.

FJ

Quoting rss
i think it's aprofitable method but i think it's need filters cause i used it in eur-usd but you see afake signals in the chart and i don't know how could we put SL to this method or it's awrong time i usde al-trade chart could you please explain more about after asignal appears and price go opposite that signal .. i tried it on gbp-usd and it's good too
Stacking pips since 2002
  • #33
  • Mar 7, 2009 11:44am Mar 7, 2009 11:44am
Quoting forexjedi
rss,

Please read the PDF on post 1 regarding your the entry for the system. The entry takes place as a 10 pips pending order. If the pending order is initiated within 4 candles the order is deleted. I hope this helps you out.

FJ
you mean the red candle we take short from the low+10 pip
and what about fake signals

sorry but i missed it
  • #34
  • Mar 7, 2009 11:46am Mar 7, 2009 11:46am
Thanks...Yes, I don't want to do that. I'm just going to brush up on the candlesticks on babypips.com and then when FJ & RD release the next phase, I'm sure I will have questions but I'm sure I will be able to learn a lot from them also. Thanks for the heads up though.

Quoting R Richards
Siuol
babypips.com is a pretty good start for candlesticks. Be carefull, you can get so involved learning about candlesticks, that you forget other things basic to trading. At least that is what i have found. The position of the candles is also important. This thread is going to be great.
  • #35
  • Mar 7, 2009 1:33pm Mar 7, 2009 1:33pm
Forex jedi
I post this chart for review of the traders. Because there is a difference in brokers feed, and i trade only with a live account, my signals are different. This is not bad, because we have to trade what we see. Deasn't mean that i will get less trades, just different. I just wanted to know if you think i am looking at Monday's trades right. Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: Monday example of VForce trades.jpg Size: 195 KB
  • #36
  • Mar 7, 2009 1:42pm Mar 7, 2009 1:42pm
R,

Your chart is 100% correct with your comments. I do however recommend an IBFX demo for your charting and taking trade on your live account to make sure were all on the same page. Good work. Advanced is almost ready to launch im just updating it with Fridays charts.

FJ


Quoting R Richards
Forex jedi
I post this chart for review of the traders. Because there is a difference in brokers feed, and i trade only with a live account, my signals are different. This is not bad, because we have to trade what we see. Deasn't mean that i will get less trades, just different. I just wanted to know if you think i am looking at Monday's trades right. Thank you
Stacking pips since 2002
  • #37
  • Mar 7, 2009 2:16pm Mar 7, 2009 2:16pm
Please see the attached for vForce Advanced the next phase of Vforce system. Please take the time to read it and understand everything. We will get started Monday.

Regards,

FJ
Attached File(s)
File Type: pdf vForceAdvanced.pdf   106 KB | 2,395 downloads
File Type: zip vForceAdvanced.zip   118 KB | 1,590 downloads
Stacking pips since 2002
  • #38
  • Mar 7, 2009 2:50pm Mar 7, 2009 2:50pm
Thanks for being so kind and helpful. It really is nice to see people like you and RD help with no strings attached. No money involved, no special memberships or anything like that, just helping people realize their dreams. I really look forward to learning with you and applying what I'm taught to my trading career.

I suggest just one rule for this thread...when those who currently are not become traders for a living and financially stable and independent, they must agree to pay it forward by helping someone else out...for free just like you two are doing for us. I'm gonna be the first to say that I will be doing exactly that once I'm able to.

Quoting forexjedi
Please see the attached for vForce Advanced the next phase of Vforce system. Please take the time to read it and understand everything. We will get started Monday.

Regards,

FJ
  • #39
  • Mar 7, 2009 3:06pm Mar 7, 2009 3:06pm
FJ

I just read the pdf for part 2 of your system. PA, fibs, trends lines etc... now were talking. If anyone can learn to trade with these 'tools' which identify areas of supply and demand they can trade any automated system. It's nice to see that you have incorporated this into the system and go beyond a system which simply generates buy or sell signals alone .You always said it was coming and i think most experienced traders could have guessed that price action and pivots etc would be an integral part of the update.

I just hope that people who were attracted to the simpliciy of the system (read chi ching easy money - no brain required) aren't scared off by the necessary use of the mind. If you learn to trade with PA and support and resistance and trendlines etc you will see things differently to most who have come before you. It doesn't have to be too complicated and it is a method (as opposed to a system) that works in all market conditions and time-frames.

Nice work Forex Jedi on your system (although now it turns more into a method with an entry signal and a large discretionary method in my book, which is a big plus).

Incidentally, how far back have you tested?

I notice you use the terminology 'profit range' in your testing. Do we interpret this as the max profitability if you closed all trades at their most profitable (which is obviously never going to happen)? If so, can you include data of where you should have closed trades based on objective areas eg support or resistance or reversal candle.

Personally I like to test a new method for a minimum of a few months to see if it is profitable over a longer time frame and whether it matches my personality but early results are promising and the effort alone (both you and Rob) deserves commendations.

Keep up the good work. You obviously have a passion for system development. I look forward to seeing if we get timely entries from the indicator at the right time (eg a short signal at a resistance level).

Regards,

Taxhaven
  • #40
  • Mar 7, 2009 4:51pm Mar 7, 2009 4:51pm
FJ,

Excellent, clear and easily understandable instructions for part 2. My charts are up and ready. Templates saved and ready for some PA. Its good to see you going it in stages with us to understand the first before moving on to the second, third, etc levels.

Kinda reminds me of when I learned how to hover a helicopter. First the Instructor gave me the pedals (anti torque control), then when comfortable there he gave me the collective (makes the helo go up and down) Then finally gave me the cyclic (determines direction of flight). Of course when i got the last control all hell broke loose and the airport wasn't big enough to hover in. But after some practice it became second nature and is so easy now and second nature.

I hope to have a similar transition with this Forex trading. It seems I am still in the stage where all hell is still breaking loose. http://www.forexfactory.com/images/icons/icon10.gif Even after a year and half working at it. I am really looking forward to this disiplined approach to your trading style. Thanks again.

Airbeat
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