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EURUSD

  • #84,901
  • Apr 11, 2009 8:57pm Apr 11, 2009 8:57pm
Explanation on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyExample3.gif Size: 24 KB
  • #84,902
  • Apr 11, 2009 8:59pm Apr 11, 2009 8:59pm
This is the E/U thread.

My peeps are on this thread and I don't want a million questions about the system.

keep in mind... it's just another system.

I don't want to pollute this thread so there won't be many more examples or posts on the topic.

I just wanted to share.

m
  • #84,903
  • Apr 11, 2009 9:10pm Apr 11, 2009 9:10pm
If you are new to this game finding a winning system isn't hard.

There are tons of them.

The key is finding one you can follow and fits your trading frame of mind.

m
  • #84,904
  • Apr 11, 2009 9:17pm Apr 11, 2009 9:17pm
I want everyone here to be successful.

I really do.

That being said I'm not looking for feedback, accolades or opinions about the system.

If it works for you... great... if it doesn't... great.

If you can author an EA with an alert that works I'd be very grateful.

Thanks.

Mike
  • #84,905
  • Apr 11, 2009 9:20pm Apr 11, 2009 9:20pm
Thanks, I like your system, very simple and seems to work well.

I have a system just like that-very good win/loss ratio.

Quoting acumen
I want everyone here to be successful.

I really do.

That being said I'm not looking for feedback, accolades or opinions about the system.

If it works for you... great... if it doesn't... great.

If you can author an EA with an alert that works I'd be very grateful.

Thanks.

Mike
Its all in the mind.
  • #84,906
  • Apr 11, 2009 9:23pm Apr 11, 2009 9:23pm
Hi I am Sandhu. Created a new profile for some reason (s). Same old wine just a new bottle
Its all in the mind.
  • #84,907
  • Apr 11, 2009 9:24pm Apr 11, 2009 9:24pm
Quoting 5abi
Thanks, I like your system, very simple and seems to work well.

I have a system just like that-very good win/loss ratio.
I like simple.

Big fan of Occam in Forex and life in general.

m
  • #84,908
  • Apr 11, 2009 9:25pm Apr 11, 2009 9:25pm
Quoting 5abi
Hi I am Sandhu. Created a new profile for some reason (s). Same old wine just a new bottle
I'm Mike.

m
  • #84,909
  • Apr 11, 2009 9:29pm Apr 11, 2009 9:29pm
Mike, thanks for sharing the simple system. One quick question if I may. Do you only take entries when stochs are in the oversold or overbought territory?

Happy Easter all.

Thanks,
Scott

Quoting acumen
This is the E/U thread.

My peeps are on this thread and I don't want a million questions about the system.

keep in mind... it's just another system.

I don't want to pollute this thread so there won't be many more examples or posts on the topic.

I just wanted to share.

m
Prices are never too high to begin buying or too low to begin selling.
  • #84,910
  • Apr 11, 2009 9:30pm Apr 11, 2009 9:30pm
Quoting 5abi
Hi I am Sandhu. Created a new profile for some reason (s). Same old wine just a new bottle
What the hell is up with that Good luck with your new look
  • #84,911
  • Apr 11, 2009 9:33pm Apr 11, 2009 9:33pm
Quoting thehenryfam
Mike, thanks for sharing the simple system. One quick question if I may. Do you only take entries when stochs are in the oversold or overbought territory?

Happy Easter all.

Thanks,
Scott
Yes... in theory... and if you follow that it will produce a higher hit ratio.

However... I've been known to cheat a little.

Trade the system using a DEMO account for a while and see if oversold/bought is really necessary.
  • #84,912
  • Apr 11, 2009 9:34pm Apr 11, 2009 9:34pm
I regularly use 2-3 tools in my toolbox;

IMO, x-over methods/systems are always classy and profitable, provided one uses an extra confirmation to add weight to TA. Mine is RSI. And of course I keep s+r zones in mind as a validation of the crossover.

My triggers are such that I commit only 4-5 trades a week (can be a little higher if I like what I see)-so that means I can be choosy (I use 4 hour charts)

Thank you for sharing!



Quoting acumen
I'm Mike.

m
Its all in the mind.
  • #84,913
  • Apr 11, 2009 9:37pm Apr 11, 2009 9:37pm
Mike's system and he can answer better-but I do think you lower risk when you trigger at over bought/over sold levels. Also it will enable you to place a lower s/l


Quoting thehenryfam
Mike, thanks for sharing the simple system. One quick question if I may. Do you only take entries when stochs are in the oversold or overbought territory?

Happy Easter all.

Thanks,
Scott
Its all in the mind.
  • #84,914
  • Apr 11, 2009 9:38pm Apr 11, 2009 9:38pm
Three old guys on a park bench.

The first one says it's hell being old... it takes me 10 minutes to piss.

The second one says... I agree... it takes me 15 minutes to shit.

The third guy says.... I hear you... but I shit and piss twice before 8:30 am every morning.

The first old guys says... what's wrong with that?

The third old guys says... I don't get out of bed until 10.

  • #84,915
  • Apr 11, 2009 9:41pm Apr 11, 2009 9:41pm
Hehe, either way not much luck other than trading here on the forums.

Is it just this thread or are there indeed fewer traders of fairer sex on these forums. I do remember initially when I started lurking around FF, there used to be some cute looking columbians around here

Quoting knuckledrag
What the hell is up with that Good luck with your new look
Its all in the mind.
  • #84,916
  • Apr 11, 2009 9:43pm Apr 11, 2009 9:43pm
Quoting acumen
I like simple.

Big fan of Occam in Forex and life in general.

m
What s/l do you use?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #84,917
  • Apr 11, 2009 9:45pm Apr 11, 2009 9:45pm
Quoting KillerWhale
What s/l do you use?
50 or the last top or bottom.

I like 50.

If it goes further than that the trades probably done anyhow.

m
  • #84,918
  • Apr 11, 2009 9:51pm Apr 11, 2009 9:51pm
a little beauty does not hurt-personally i prefer seeing some, expecting some and actually having some

Are you using Karthik thread MM techniques? I did spend some time reading a few posts, cant say much about that ; Looks pretty much like fibos,only that it
comes with text markers at every level (like strong reverse exepected etc ) but I did like the VSA stuff.Interesting!!

Quoting billye
didn't they say trade what you see (chart) not what you expect (beauty)?
Its all in the mind.
  • #84,919
  • Apr 11, 2009 9:51pm Apr 11, 2009 9:51pm
And when are you exiting your 2nd lot? When stochs cross in opposite direction in overbought/oversold territory? Sorry for all the Q's.

Scott


Quoting acumen
50 or the last top or bottom.

I like 50.

If it goes further than that the trades probably done anyhow.

m
Prices are never too high to begin buying or too low to begin selling.
  • #84,920
  • Apr 11, 2009 9:56pm Apr 11, 2009 9:56pm
Quoting acumen
50 or the last top or bottom.

I like 50.

If it goes further than that the trades probably done anyhow.

m
It looks good, one more question: what is the importance of the MA's 20 and 30? Could be any MA I guess as long as you can see what the trend is like?
New voice message: Why are you calling me? If I need you, I'll call you!
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