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strategy HILO on GBP/JPY

  • #41
  • Apr 17, 2007 7:44am Apr 17, 2007 7:44am

Hello,
this strategy is damn good. At least for strong trending times, like these days.
The sad part is that I missed the last signal and Im missing all this wonderful upside action.

You are right, with a strong MM, u can do very well with this strategy alone in the long term.

Keep up the good work.

We leave no soldier behind.
  • #42
  • Apr 19, 2007 1:11am Apr 19, 2007 1:11am
Hi am am new to this thread but so far it looks like an incredible system what about when the market ranges have you still had success when there is no trend and the market is moving sideways?


Thanks,

CLiff
  • #43
  • Apr 19, 2007 8:14am Apr 19, 2007 8:14am
So your saying that we should wait until it breaks through the 50 sma before making the trade that we are sure that the trend is changing to down?


Thanks,

Cliff
  • #44
  • Apr 19, 2007 8:23am Apr 19, 2007 8:23am
On my charts both pairs have been below 55 sma for a while now
Regards
  • #45
  • Apr 19, 2007 1:06pm Apr 19, 2007 1:06pm
Quoting howard
On my charts both pairs have been below 55 sma for a while now
hi look at my charts gbp/jpy and gbp/chf and technical analyse, i think the trend up isn't finish !

regards

bzh
  • #46
  • Apr 20, 2007 12:44am Apr 20, 2007 12:44am
So are you saying that you reccommend using the 55 sma to determine trend and as long as the 4hr chart remains above 55 sma the trend is up?



Here is my 1 hr chart...

Thanks


Cliff
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4hr.jpg Size: 52 KB
Click to Enlarge Name: 1.jpg Size: 54 KB
  • #47
  • Apr 20, 2007 2:57am Apr 20, 2007 2:57am
Quoting trader1976
So are you saying that you reccommend using the 55 sma to determine trend and as long as the 4hr chart remains above 55 sma the trend is up?



Here is my 1 hr chart...

Thanks


Cliff
Hi, about the trend , i look only UT240, but if you want to scalp ! you can use UT30... I think this ut is good for to scalp GBP/JPY ...
But becareful, scalp only with the trend UT240 ...



BZH
  • #48
  • Apr 20, 2007 4:48am Apr 20, 2007 4:48am
Quoting breizhfx
... line15 AND 20 when +DI ans -DI are under this is a ragne period ans it will be better to be flat .

bzh
Bonjour, bzh, and thanks for sharing a very effective, simple approach.

Are you including the 20 DMI level to give yourself a little more flexibility, or are you fairly strict about the 15 level, please ?



J.
  • #49
  • Apr 23, 2007 12:30pm Apr 23, 2007 12:30pm
you said that you can scalp on the 30 min chart. But you also said to only trade with the trend. So are you using the sma 55 from the 30 min chart to determine the trend or are you using the sma 55 from the 4hr chart to dertermine trend trading with the 30 min chart.


Cliff
  • #50
  • Apr 24, 2007 5:06am Apr 24, 2007 5:06am
Quoting trader1976
you said that you can scalp on the 30 min chart. But you also said to only trade with the trend. So are you using the sma 55 from the 30 min chart to determine the trend or are you using the sma 55 from the 4hr chart to dertermine trend trading with the 30 min chart.


Cliff
HELLO
i scalp on 30mn chart with the trend on 240mn chart !!! this my rules ...

bzh ...

today i show you a new chart for trading this currencie ...
  • #51
  • Apr 24, 2007 1:44pm Apr 24, 2007 1:44pm
Ok now let me ask you another thing what is the best way to filter out the ranges with this system?

and


What about the news do you still take the trades if the cross gives the signal even if there is news coming out?

Thanks,

Cliff
  • #52
  • Apr 25, 2007 4:13am Apr 25, 2007 4:13am
Quoting trader1976
Ok now let me ask you another thing what is the best way to filter out the ranges with this system?

and


What about the news do you still take the trades if the cross gives the signal even if there is news coming out?

Thanks,

Cliff
hello ,about the news , when i trade with UT240 i forget the news and follow the trend ..; On ut 30 , i wait that price take the trend ...

about range I have to things , adx and sdt ... I repeat to take a trade adx and sdt must going up ...

regards

bzh
  • #53
  • Apr 25, 2007 9:37am Apr 25, 2007 9:37am
When you say ADX must go up do you mean it has to go up above 20 or above 40?


thanks,


CS
  • #54
  • Apr 25, 2007 9:56am Apr 25, 2007 9:56am
Also I watch the EUR/JPY also and I see that a cross just formed on the 4hr chart do think that this is a good signal to trade?

Here is my chart...


Thanks

CS
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.jpg Size: 61 KB
  • #55
  • Apr 26, 2007 2:04pm Apr 26, 2007 2:04pm
Quoting trader1976
Also I watch the EUR/JPY also and I see that a cross just formed on the 4hr chart do think that this is a good signal to trade?

Here is my chart...


Thanks

CS
hi ,
yes i think ,you the conditions adx is going up and wma8 is crossing sma21high, but you must wait the open of the next candle and take the trade if wma8 has crossedth sma21 ...

regards

bzh
  • #56
  • Apr 26, 2007 11:53pm Apr 26, 2007 11:53pm
I am confused on how I use ADX can you explain again what I am looking for with ADX please...

Thanks,


Cliff
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.jpg Size: 64 KB
  • #57
  • Apr 27, 2007 3:13am Apr 27, 2007 3:13am
Quoting trader1976
I am confused on how I use ADX can you explain again what I am looking for with ADX please...

Thanks,


Cliff
hi ,
on your chart , adx is the line blue ... the dotline is +DI and -DI ...
To take a trade ,adx must be going up ... when adx hook you can exit the position ...

regards

bzh
  • #58
  • Apr 27, 2007 4:28am Apr 27, 2007 4:28am

Well I guess we got a good trade on Eur Jpy today. I bought at 161.75, ADX just jumped above 20 level. Im up 80 pips already.

For GY no trades as ADX is still down and its dangerous.

We leave no soldier behind.
  • #59
  • Apr 27, 2007 9:01am Apr 27, 2007 9:01am
when you say adx must be going up when we get the cross do you mean ADX must be above 20, 30 when the new candle open?


Thanks,

CLiff
  • #60
  • Apr 29, 2007 12:00pm Apr 29, 2007 12:00pm
Quoting trader1976
When you say ADX must go up do you mean it has to go up above 20 or above 40?


thanks,


CS
Dear trader,

I think the creator of this strategy states clearly enough how he uses the ADX in the first page. Please look and read carefully again, because your continous questions about how to use ADX are becoming annoying and prevent us from improving this strategy more.

Thank you for understanding.
We leave no soldier behind.
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