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Trend Follower 5 Minute System

  • #3,141
  • Jun 25, 2009 10:11pm Jun 25, 2009 10:11pm
Hi, everyone!..

First of all I want to thank TheWicker for sharing this system with us.


I'm a beginner trader from Siberia, Russia. This is my first post here. I have live account and can't wait to use it.

I've read half of posts in the thread and decided to try the system on a demo. First two trades were successful. aprox + 30 pips I need to say that one trade took place in the beginning of asian session. It was usdjpy. I know that the rules say that we should trade only during european and american sessions. Are there any exceptions for JPY?
I also have questions about last two trades. They were not succesful and hit my stoplosses that were 5pips below lows of the previous prices. Lines show the place were the trades took place.

http://www.forexfactory.com/attachme...1&d=1245984868

http://www.forexfactory.com/attachme...1&d=1245984868

As I understand my mistakes ware trading while the guppy moving averages were expanded. Are there any other mistakes?
Please feel free to comments on these trades. I really need your help. Thanks.
Vic.

PS: Sorry for my English.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 237 KB
Click to Enlarge Name: Untitled-4.jpg Size: 167 KB
  • #3,142
  • Jun 26, 2009 1:50am Jun 26, 2009 1:50am
I've just had another negative trade. HELP!!!...
Attached Image (click to enlarge)
Click to Enlarge Name: 3.jpg Size: 161 KB
  • #3,143
  • Jun 27, 2009 1:42pm Jun 27, 2009 1:42pm
Quoting YoshkinCat
I've just had another negative trade. HELP!!!...
Graph describes trend coming up to daily pivot points and 3th resistance, still watch fundamental news
Attached Image (click to enlarge)
Click to Enlarge Name: trading 5 m usdjpy.gif Size: 16 KB
  • #3,144
  • Jun 28, 2009 5:36am Jun 28, 2009 5:36am
Quoting YoshkinCat
I've just had another negative trade. HELP!!!...
Read forum and you will find good examples of good trades and explanation of them.
  • #3,145
  • Jun 28, 2009 6:34am Jun 28, 2009 6:34am
Quoting pilatus
Read forum and you will find good examples of good trades and explanation of them.
Genk, would you mind to share with us, what do you think about USD/JPY's trend?

THX YOUUUUUUUU
  • #3,146
  • Jun 28, 2009 9:20am Jun 28, 2009 9:20am
Quoting kontolica
Genk, would you mind to share with us, what do you think about USD/JPY's trend?

THX YOUUUUUUUU
buddy your USD/JPY trade was good one. Maybe little early because of just opening euro session, but as I saw price never touched stop loss level if you put it correctly.
So you should put your stop loss order 5 pips plus spread above recent high. That means above 96,00 level or at 96,08( 5 pips plus spread 3 pips, my broker). And if you look that was amazing trade more than 50 pips.
Problem is that you are not patient, but this is system which require a lot of patient.
Read the thread......
  • #3,147
  • Jun 28, 2009 11:18am Jun 28, 2009 11:18am
Quoting YoshkinCat
I've just had another negative trade. HELP!!!...
Don't place trades when guppy lines are spread out and check the 30 minute chart for direction of trend and only place trades in that direction on the 5 minute.
Beware of news releases.
taking series 3 and 34
  • #3,148
  • Jun 28, 2009 9:00pm Jun 28, 2009 9:00pm
Quoting skorcht
Don't place trades when guppy lines are spread out and check the 30 minute chart for direction of trend and only place trades in that direction on the 5 minute.
Beware of news releases.
Thank you very much!.. I'll be more careful next time.
  • #3,149
  • Jun 28, 2009 9:14pm Jun 28, 2009 9:14pm
Can someone post correct link for templets with all the indicators in one please?

Thanks
  • #3,150
  • Jun 29, 2009 3:38am Jun 29, 2009 3:38am
Quoting yoshkincat
i've just had another negative trade. Help!!!...

up coming, mmmm couming
Attached Image (click to enlarge)
Click to Enlarge Name: trading 5 m usdjpy i.gif Size: 18 KB
  • #3,151
  • Jun 29, 2009 3:43am Jun 29, 2009 3:43am
Quoting forex4me
can someone post correct link for templets with all the indicators in one please?

Thanks
this is it my genk, . , .
Attached File(s)
File Type: zip alaa.zip   541 KB | 1,420 downloads
  • #3,152
  • Jun 29, 2009 5:04am Jun 29, 2009 5:04am
Replaced MACD!!! So easy to watch. HMA Russian Histo instead Slope Direction Line
Good luck!!!
Attached Image (click to enlarge)
Click to Enlarge Name: mod v.lexs.gif Size: 50 KB
Attached File(s)
File Type: tpl mod v.lexs.tpl   23 KB | 1,170 downloads
File Type: mq4 FlatTrend w MACD+.mq4   3 KB | 1,477 downloads
File Type: mq4 HMA Russian Histo.mq4   2 KB | 1,353 downloads
  • #3,153
  • Jun 29, 2009 8:19am Jun 29, 2009 8:19am
Quoting 777lexs
Replaced MACD!!! So easy to watch. HMA Russian Histo instead Slope Direction Line
Good luck!!!
Attachment

Halllllo, Where's gone be the trend?

THXXXX
Attached Image (click to enlarge)
Click to Enlarge Name: trading gbpusd 5m.gif Size: 32 KB
  • #3,154
  • Jun 29, 2009 8:59am Jun 29, 2009 8:59am
kontolica

FlatTrend w MACD+

LimeGreen = MACD > 0
Red = MACD < 0
RoyalBlue = NO Signal
  • #3,155
  • Jun 29, 2009 10:33am Jun 29, 2009 10:33am
Quoting pilatus
read forum and you will find good examples of good trades and explanation of them.

see, this is it, i told you, my genk
Attached Image (click to enlarge)
Click to Enlarge Name: trading USD-JPY 5m II.gif Size: 17 KB
  • #3,156
  • Jun 29, 2009 11:59am Jun 29, 2009 11:59am
Quoting kontolica
this is it my genk, . , .
That is the link to all the indicators for this system like GMMA and slope directional line all colored ?

Thanks
  • #3,157
  • Edited 8:15am Jul 2, 2009 6:15am | Edited 8:15am
Hi Pilatus
i need your help in using another method in which i use the CCI indicator to enter when it crosses the 0 line.I use CCI 34 with confirmation of RSI indicator to trade.If CCI>0 RSI >55 then i trade long.CCI<0 RSI<45 i go short,the time frame which i use is 1H.For deciding the exit there are 2 way:HA indicator or checking the slope direction line color.My problem is that i want to use it on smaller time frames like 15m or 30m,but both time frame(15m,30m) has more fake signals than the 1H timeframe.If you have any idea about how to confirm the CCI movements without getting late to trade please let me know!

Please note that everytime CCI moves it gets minimum 20-30p!

I used to read your threads and they are very useful!

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: cci.gif Size: 68 KB
Attached File(s)
File Type: mq4 DoublecciWoody.mq4   6 KB | 805 downloads
  • #3,158
  • Jul 2, 2009 9:34am Jul 2, 2009 9:34am
Quoting pilatus
Excelent signal today on EU, price steady before signal, according this week trend. Second pic is for those who do not believe in volume levels.

Hi Pilatus.
Can you please give me the volume indicator?

Thanks
  • #3,159
  • Edited 4:25am Jul 3, 2009 4:21am | Edited 4:25am
Quoting pilatus
We had today perfect example of nice signal. Price breach through yestrday low at 1,355 which rapresent significant support. Today on opening the market price breach that level and find a nice resistance in it and after that our perfect signal occur. Plus 200 pips. Guppy ok, little bit contracted which is better, MACD and laguerre ok on signal bar. I just adore this system. Another example where support and resistnace change role. I Have intentionaly removed pivot to easier see yestrday low. I use originaly this system.
Hi. I was looking at the chart you attached for this successful trade. Can I think ask if you had entered at candlestick where the alert (arrow) appears or you enter at the next candlestick? Sorry that I couldn't understand what you mean in earlier thread on where to enter.

If you could kindly go to my blog to see my lost trades and advice me what exactly I did wrong. That will be helpful.
  • #3,160
  • Jul 4, 2009 5:53am Jul 4, 2009 5:53am
Quoting tafilian
Hi Pilatus.
Can you please give me the volume indicator?

Thanks
Well, this si not and indicator it is whole system which can give you volumes level which infact represent s/r levels. Find thread named "Principles of market movements" , "volume trading", "New oportunity on EUR/USD" and there you will find everything about volumes levels etc.
About what you ask for CCI I really can not help you because I do not know how to solve that problem. As I know CCI is used mostly for trend following systems so lagging is normal in that kind of systems. There is one good system which use CCI for all time frames, here is the link: http://www.forex-tsd.com/general-dis...pimpology.html
Hope I helped.
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