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My own developed benkyalate system

  • #2,181
  • Apr 13, 2009 8:00pm Apr 13, 2009 8:00pm
  •  Nimrod
  • | Joined Oct 2008 | Status: Energy and persistence conquer all | 168 Posts
Quoting eTrader
In your trade, do you use these templates together on 1 currency Charts of different templates in one screen to gauge your entries?i.e do you use the 4Hr Belkhayate, the Obama or orabi at the same time?
No, only one template.
I don't use the templates from Oan anymore.
I prefer now to use only the Belkhayate template (timeframe H4):
-the degree (order) m=3
-the accurate timing indicator

Why not enter a trade once price cross the middle cog line?
[color=black]Trading with the Regression...
Wow.
Thanks for the insight etrader.I begin to understand the logic of the system.

I have to ask what chamane is asking.In the 4 Hr TF where exactly do you enter the trade? Do you have to wait for price to touch the the dotted line or the red line in reference to the Timing indicator if the case is a overbought zone? And what is your Stop loss projection?

Thanks etrader and looking foward to your post.
  • #2,182
  • Apr 13, 2009 9:48pm Apr 13, 2009 9:48pm
Quoting eTrader
-the accurate timing indicator
Hi eTrader,

I have a similar question as chamane.
Would you explain how to identify a timing using Belkhayate Timing?

Thank you so much for your input.
  • #2,183
  • Apr 14, 2009 12:26pm Apr 14, 2009 12:26pm
Hi guys,

There is a thread at http://www.traderslaboratory.com/for...html#post62794
That shows an oscillator that goes with the method, that might help with trading this system.
  • #2,184
  • Apr 14, 2009 4:08pm Apr 14, 2009 4:08pm
Quoting email
Hi guys,

There is a thread at http://www.traderslaboratory.com/for...html#post62794
That shows an oscillator that goes with the method, that might help with trading this system.
Thanks for the link.

Chamane
  • #2,185
  • Apr 14, 2009 6:04pm Apr 14, 2009 6:04pm
Quoting ashur123
As i was reading in the french forum. One of the users actually went to the conference in Paris. He was talking about how gold will reach $2500 in 3 years. He said to buy physical gold and that the forex market is going to be the best market to invest in. He was warning everyone to pull out whatever they have from equity markets because its going to keep falling....
Hi,
What's the name of the french forum?
Thanks
  • #2,186
  • Apr 14, 2009 11:15pm Apr 14, 2009 11:15pm
Quoting balouf
Hi,
What's the name of the french forum?
Thanks
I bet this is it: www.belkhayate.ma

Chamane
  • #2,187
  • Apr 14, 2009 11:36pm Apr 14, 2009 11:36pm
Quoting balouf
Hi,
What's the name of the french forum?
Thanks

Here is the link: http://www.trader-forex.fr/forum/tra...e-mt4-ici.html

Enjoy


Ashur
  • #2,188
  • Apr 15, 2009 4:20am Apr 15, 2009 4:20am
Quoting chamane
eTrader,

What is your exact entry point with the Belkhayate system. I suppose you first check if Timing is in the alert zone then look if price is between dotted and plain lines (red or green), but then what? Do you wait for candle to turn the color you want, or use another indicator to confirm the entry?

Also what do you use as SL and TP?

Thanks and regards.

Chamane
Reading the Belkhayate indicators
El Mustafa Belkhayate is expalining how to read his dynamic indicator and his static indicator (Belkhayate timing)
Inserted Video


I hope you understand the French language.

Price at the Red and Green regression lines: STRONG BUY/SELL
Price above the Red/Green regr lines: Extremely strong BUY/SELL

Belkhayate timing indicator under the chart = confirmation for Buy/Sell
Watch the video

eTrader
Attached Image
  • #2,189
  • Apr 15, 2009 4:32am Apr 15, 2009 4:32am
The entry for a long trade:
Wait until the price is between the 2 lower green regression lines.
Watch the Belkhayate timing indicator.
A red bearish candle breaks the level -8 and the next green bullish candle is above -8 (reversal)

The entry for a short trade:
Wait until the price is between the 2 upper red regression lines.
Watch the Belkhayate timing indicator.
A green bullish candle breaks the level +8 and the next red bearish candle is below +8 (reversal)

No entry:
When the Belkhayate timing indicator under the chart gives a signal, but the price is still between the thin red/green regr lines: no entry.

It is not always like that...
Watch the candle patterns, example: engulfing pattern (reversal), pin bars ...

The chance that price will come back to centerline is higher when the price is above the outer red/green lines.

See attached picture (USDJPY):

eTrader
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyH4Belkhayate01.jpg Size: 203 KB
  • #2,190
  • Apr 15, 2009 4:39am Apr 15, 2009 4:39am
Stoploss:
Stoploss for Oan's templates:
Timeframe H4: 300 pips above/below entry
The virtual loss can be approximately -250 pips if the entry was to early.

The trader has to cancel or control his emotion "Fear for losing real money".
The virtual loss ofcourse will be smaller if you enter the trade at the right moment

eTrader
  • #2,191
  • Apr 15, 2009 7:01am Apr 15, 2009 7:01am
Quoting eTrader
The entry for a long trade:
Wait until the price is between the 2 lower green regression lines.
Watch the Belkhayate timing indicator.
A red bearish candle breaks the level -8 and the next green bullish candle is above -8 (reversal)

The entry for a short trade:
Wait until the price is between the 2 upper red regression lines.
Watch the Belkhayate timing indicator.
A green bullish candle breaks the level +8 and the next red bearish candle is below +8 (reversal)

No entry:
When the Belkhayate timing indicator under...
eTrader,

Thanks a lot for clear explanation. In your second entry, you show a sell signal in both COG and Timing indicators, but the COG lines are moving up. Shouldn't we wait for the lines to go downwards in a sell situation?

Regards.

Chamane
  • #2,192
  • Apr 15, 2009 7:45am Apr 15, 2009 7:45am
  •  Nimrod
  • | Joined Oct 2008 | Status: Energy and persistence conquer all | 168 Posts
Quoting chamane
eTrader,

Thanks a lot for clear explanation. In your second entry, you show a sell signal in both COG and Timing indicators, but the COG lines are moving up. Shouldn't we wait for the lines to go downwards in a sell situation?

Regards.

Chamane
that is the problem with COG as it is dynamic and changes every now and then.So studying past history of the COG is possible only if you take the liberty of capturing say in our case ,every 4H of its movement. I m sure at that particular time and price action, the COG were align in downward manner.
  • #2,193
  • Edited 9:48am Apr 15, 2009 8:21am | Edited 9:48am
Hello Chamane, Nimrod and everyone,

Static/dynamic study

Difference between static and dynamic:
Static: recording at one single moment, no changes
Dynamic: changing in time, movement in time

Attached picture usdjpy H4:
It's a static representation for showing the possible entries. The regression bands are redrawn. The picture was taken at ONE single moment in time (static).

So for a dynamic example of a real trade, it's necessary to make a picture (snapshot) at the time of entry and another picture at the time of closing the trade. The regr bands are changing in time (changing=dynamic).

It's possible to make a little film with a lot of pictures or snapshots and watching it in a windows viewer, picture after picture. The behaviour or movement of polynomial regression bands in the time domain will be more clear.

So 2 pictures please when somebody wants to post an example of a real trade , one at entry and another one at exit at centerline.

greetings,
eTrader
  • #2,194
  • Apr 15, 2009 5:08pm Apr 15, 2009 5:08pm
Hi,
Is there someone who trades 1'TF with succes?
With which method?
  • #2,195
  • Apr 15, 2009 5:09pm Apr 15, 2009 5:09pm
e-trader,
Do you have often a signal with the Belkhayate method?
  • #2,196
  • Apr 15, 2009 6:40pm Apr 15, 2009 6:40pm
Quoting balouf
e-trader,
Do you have often a signal with the Belkhayate method?
I was going to ask. I got a signal on EURCAD on Monday and made 104 pips with it, the potential profit was 150 pips. At one time, I was -30 pips but ended up nicely. But since then, no signal. I check all the pairs every 4 hrs.

Chamane
  • #2,197
  • Apr 16, 2009 5:31am Apr 16, 2009 5:31am
Quoting balouf
e-trader,
Do you have often a signal with the Belkhayate method?
There were sell signals on 02 april for the currency pairs eurchf, eurusd, audusd, nzdusd. My last trade on timeframe H4 was on 06 april.

The currency pairs are scanned each day for possible setups.

eTrader
  • #2,198
  • Apr 16, 2009 12:30pm Apr 16, 2009 12:30pm
[quote=chamane;2672035]I was going to ask. I got a signal on EURCAD on Monday and made 104 pips with it, the potential profit was 150 pips. At one time, I was -30 pips but ended up nicely. But since then, no signal. I check all the pairs every 4 hrs.

Hi chamane,

Seems that the last siganl before that was March 27 if I`m not wrong, a buy.

I would love to try this also on the Dow and S&P on the Hourly chart while waiting for signals on the FX but would need to change the settings I guess.

Cheers
  • #2,199
  • Apr 16, 2009 6:46pm Apr 16, 2009 6:46pm
[quote=email;2674039]
Quoting chamane
I was going to ask. I got a signal on EURCAD on Monday and made 104 pips with it, the potential profit was 150 pips. At one time, I was -30 pips but ended up nicely. But since then, no signal. I check all the pairs every 4 hrs.

Hi chamane,

Seems that the last siganl before that was March 27 if I`m not wrong, a buy.

I would love to try this also on the Dow and S&P on the Hourly chart while waiting for signals on the FX but would need to change the settings I guess.

Cheers
email,

I think Belkhayate applies his system on anything you can find on a chart. But from what I read, he only uses 4hr timeframes. Same thing with Oanfx system. You will find settings for 1 hr and other TF in this thread. I think the "Godfather" and "Simple" templates will do the job. But personally, I think the Timing indicator is important for that kind of system and I like to rely on Belkhayate's stuff for that. Not that I know how they work compared to other ones, but he's having well known success with it.

Chamane
  • #2,200
  • Apr 18, 2009 9:48am Apr 18, 2009 9:48am
With Belkhayate you can trade like this...

You can enter everytime in H4 when the COG is down and the timer is level 1 overbouhgt....or when COG is down and the timer is level 1 oversold.

You can even trade against the trend, but the timer must be level 2. Here you must use the proper money management.

I exit a trade if a D1 timer is level 1, nomatter, with or against the trend of D1.

This way I made lots of pips...

Regards
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