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Attachments: 515 Eurofighter System
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515 Eurofighter System

  • #101
  • Jul 2, 2009 9:20am Jul 2, 2009 9:20am
Quoting MyaNyx
I don't get the green and red highlight in the subwindow below.
Do you mean the RSI bar?
Here it is...
Attached File(s)
File Type: mq4 RSIBar.mq4   2 KB | 218 downloads
  • #102
  • Jul 2, 2009 9:27am Jul 2, 2009 9:27am
Quoting orangeRANGE
INTRODUCTION
Welcome to 515 EUROFIGHTER System. I only use this method for EURusd pair since EU is the most traded pair in Forex world.

THE METHOD
[size=3][font=Times New Roman]This original idea of this system is basically 100% based on 4 Hour MACD Strategy [color=black]inspired...
At last, you start a new thread to introduce your system.
I'll go through it. Thank you in advancd!
  • #103
  • Jul 2, 2009 9:29am Jul 2, 2009 9:29am
Quoting orangeRANGE
Hi all...

NFP and ECB rates announcement ahead. It will be an interesting day for today. So here is my overview:-

(PAY ATTETION TO THE AQUA VERTICAL LINE)

D1
The uptrending market is still in control as per the MAs and Equidistant Channel. However, please be aware on what the stochastic is currently showing us.

H4
The temporary TL (THIN black TL) has been broken but the price...
Hi all...

The market has been very2 bearish this one whole day since its opening @ aqua vertical line.

Since stochastic in H4 is @ SWING LOW level, let us wait and see whether the fib 76.4% and 89SMA / 200SMA @ H4 could support this pair by the end of the day.

The D1 stochastic is more dominant compare to the H4 stochastic, so it still seems that the trend is in strong bearish for today.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 71 KB
Click to Enlarge Name: eu2.gif Size: 73 KB
Click to Enlarge Name: eu3.gif Size: 66 KB
Click to Enlarge Name: eu4.gif Size: 61 KB
  • #104
  • Jul 3, 2009 1:17am Jul 3, 2009 1:17am
Hello all...

Since today is US banks holiday...so I think the trading volume will be very low. Also, I have adjusted my Equidistant Channel (upper channel) a little bit.

Simply put, I think the market will only move somewhere between Price Wave 1.3950 and 1.4030 today (see H1 chart below).

Let the market readjust itself and established for today. Happy weekend to all of you and see you all next week.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 51 KB
Click to Enlarge Name: eu2.gif Size: 54 KB
Click to Enlarge Name: eu3.gif Size: 48 KB
  • #105
  • Jul 3, 2009 8:39am Jul 3, 2009 8:39am
Quoting yuyudada
At last, you start a new thread to introduce your system.
I'll go through it. Thank you in advancd!
You are most welcome, my friend.

All the best...!!!
  • #106
  • Jul 3, 2009 9:15am Jul 3, 2009 9:15am
Hello all...

Price Wave (PW) in this system is very important. As listed in post #1 of this thread, let us see more about PW in this lesson and how we can benefit from it.

The charts below showing the market movement for this week, beginning from 29/06/2009 to 03/07/2009 (Monday - Friday). I remove all the MAs and TLs so that you guys will have a clearer view for this lesson.

Alright, here we go:-

Trading Day/Open(PW)/Close(PW)/High or Low(PW)

MONDAY/ 1.4030/ 1.4110/ 1.4110

TUESDAY/ 1.4110/ 1.4030/ 1.4030

WEDNESDAY/ 1.4030/ 1.4110/ 1.4190

THURSDAY/ 1.4110/ 1.3950/ 1.3950

FRIDAY/ 1.3950/ - still on going -

As you can see, EU always open/close just somewhere around the PW that is recommended by this system. Wednesday (01/07/2009) was the highest ranging market (160pips) but the price was still closing 80pips away from its opening of the day.

How we can benefit from this PW? Simply use higher time frame stochastic behaviour (H1 and H4) to predict the market direction, and then use the 515 Strategy (as per this sytem is all about) to make our perfect entry.

Just remember this - The market will not always open/close at this system's PW all the time. But most of the time, it does. And when it does, use this opportunity to bank loads of potential pips by placing your order at the PW or somewhere nearby it.

This strategy however, only suit for those who prefer the Trailing Stops strategy (open position trading).

Any comment/question is most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 46 KB
Click to Enlarge Name: eu2.gif Size: 42 KB
  • #107
  • Jul 5, 2009 8:46am Jul 5, 2009 8:46am
Hi all...

Alright...as per D1, the uptrending market is still in control...but it is a weak uptrend since the stochastic is heading down.

In H4, we can see the price already break below 200SMA and hardly testing the 89SMA. If the Channel couldn't hold the price, it is a possible to the downside now.

As per H1, the next nearest PW the price can go down is 1.3950 and we still have to wait and see if the bearish market is in the way, then PW 1.3870 should be the next level for the price to sit at.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 52 KB
Click to Enlarge Name: eu2.gif Size: 56 KB
Click to Enlarge Name: eu3.gif Size: 48 KB
  • #108
  • Jul 5, 2009 10:40pm Jul 5, 2009 10:40pm
Hi all...

There is only 1 red flag calendar for today, and just a little news ahead. So, I will not expect too much activities (movement) in the market today.

However, I will always update my review here later today.

Happy trading....
  • #109
  • Jul 6, 2009 4:40am Jul 6, 2009 4:40am
Hello all...

If the entry is made based on 5m stochastic signal, so far today we can get 5 signals. For this type of rules, this 5 entries can give us 50pips easily as per 10p SL/TP rules.

All the signals are the SWING HIGH signals as the market is bias to the downside, which mean we should only favour for the SHORT for now.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 44 KB
  • #110
  • Jul 6, 2009 4:51am Jul 6, 2009 4:51am
Hello all...

Let us see the market in the simplest way we could:-

D1
Price already deny the Channel and obviously the downtrend is about to take charge in the market right now. However, also be aware that Daily stochastic is @ SWING LOW level around 50SMA. Don't be too happy about SELLING the pair.

H4
Stochastic also @ SWING LOW level here. The bearish market can keep on coming or could also paused for a while here. But, we are still bias to the downside.

H1
Stochastic behaviour = H4 = SWING LOW level. Alright, for now if the theory is right then the market will paused for a while here and rebounce a little bit before the TC happening again.

As usual, use lower TF (15m and 5m) to play with the market. The higher TF charts are only our guide.

Note:- Pay attention to Price Wave 1.3870 today....

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 50 KB
Click to Enlarge Name: eu2.gif Size: 53 KB
Click to Enlarge Name: eu3.gif Size: 46 KB
  • #111
  • Jul 7, 2009 12:11am Jul 7, 2009 12:11am
Quoting orangeRANGE
Note:- Pay attention to Price Wave 1.3870 today....
Hi all...

Let's make a quick review here:-

H4
As I said yesterday, we need to pay attention to PW 1.3870, and yes...the price did make a rebounce @ stochastic SWING LOW. Right now, it seems the price is about to make a TC pattern against the current resistant, which is 21EMA and 89SMA as the stochastic @ SWING HIGH level now. If the price and the stochastic in agreement, favour the SHORT position today!!!

H1
This is easy to watch. Let just wait what will happen when the stochastic is making SWING HIGH in this TF. Again, favour the SHORT position.

Always use the lower TF (15m and 5m) to make your entry as per this system is all about.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 55 KB
Click to Enlarge Name: eu2.gif Size: 45 KB
  • #112
  • Jul 7, 2009 1:42am Jul 7, 2009 1:42am
Hello all...

As per this system...so far there are 3 signals to make our entries since the opening of the day. 2 SHORT entry signals and 1 LONG entry signal (see vertical lines).

Using 20SL/TP rules (entry based on both 15m and 5m swing high/low) for these 3 signals, we can easily get 60pips from these moves.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 46 KB
Click to Enlarge Name: eu2.gif Size: 44 KB
  • #113
  • Jul 7, 2009 4:50am Jul 7, 2009 4:50am
Hello all...

I have updated my Equidistant Channel as I think the market in the beginning of downtrend mode right now.

Also attached herewith is my template.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 49 KB
Click to Enlarge Name: eu2.gif Size: 54 KB
Attached File(s)
File Type: tpl 515eurofightersystem.tpl   24 KB | 213 downloads
  • #114
  • Edited 9:34am Jul 7, 2009 9:24am | Edited 9:34am
Hi all...

Here is a very rare case but I will never miss this trade (SHORT) if I am online.

Today (07/07/2009) has the best example on how we can make our entry using 20p SL with open position and trailing stops strategy. Below are the steps:-

(Note:- The orange vertical line is the signal candle)

H4
Signal candle closed @ 50SMA and PW 1.4030 as stochastic already swinging down. Nice SHORT signal.

H1
The signal candle closed below 200SMA / PW 1.4030 as the stochastic also making the SWING HIGH. Very nice SHORT signal.

M15
Here the the signal candle also also agree with the higher TF (H1 and H4) as the stochastic making the SWING HIGH. Also look at the momentum (in yellow) that is already at the peak and it is anticipated to get colder once it reach this level.

M5
This is where we make entry. The signal candle is 3rd bar in 15m TF. Entry is made @ the opening of next candle of 5m (also the opening of 15m candle). The stochastic/RSI/momentum are all in the "overbought" level here. Just SELL...!!!

Using these steps, you can possibly bank 80pips if you are brave enough to wait the price touching the PW 1.3950 below it. But you need to consider the stochatic-price theory and this system's rules before you deciding to take the risk.

THIS IS HOW THIS SYSTEM WORK AT IT BEST...!!!

Your comments/questions are most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 55 KB
Click to Enlarge Name: eu2.gif Size: 46 KB
Click to Enlarge Name: eu3.gif Size: 44 KB
Click to Enlarge Name: eu4.gif Size: 39 KB
  • #115
  • Jul 7, 2009 11:00am Jul 7, 2009 11:00am
Orange,
This is a great system! It's working out very well for me so far.

Thank for you for explanation. I saw this scenario this morning but I wasn't sure. Didn't take the trade! I'll definitely jump in the next time. Still learning!



ForexRook
  • #116
  • Jul 7, 2009 7:47pm Jul 7, 2009 7:47pm
Quoting forexrook
Orange,
This is a great system! It's working out very well for me so far.

Thank for you for explanation. I saw this scenario this morning but I wasn't sure. Didn't take the trade! I'll definitely jump in the next time. Still learning!



ForexRook
Hello ForexRook...

Learning is a lifetime process. As for myself, I'm also still learning on how to improve this system. So, nothing wrong if you missed it this time. There is always opportunity later on.

All the best to you and keep in touch.

Way to go...!!!
  • #117
  • Edited 9:51pm Jul 7, 2009 9:21pm | Edited 9:51pm
Hi all...

Alright...let's make this simple and easy to understand:-

(Note:- the market on 07/07/2009 closed @ orange vertical line)

H4
Yesterday (07/07/2009) the price closed just above around 20p++ above the PW 1.3870 and as what we can see from the chart below, maybe we'll see a little rebounce around this Price Wave later today.

The elipse area (PW 1.4030) is a level we must remember where the stochastic making the SWING HIGH yesterday.

H1
Momentum is already @ it lowest so we are expecting the rebounce is on the card right now. The price still couldn't close above the 8EMA and the downtrend still seems dominant.

However, since we are expecting the little rebounce here, and if we want to do the CT (Counter Trade), make sure the lower TF (15m and 5m) rules is always applied.

Questions/comments are most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 56 KB
Click to Enlarge Name: eu2.gif Size: 46 KB
  • #118
  • Jul 8, 2009 4:41am Jul 8, 2009 4:41am
Quoting orangeRANGE
Hi all...

Alright...let's make this simple and easy to understand:-

(Note:- the market on 07/07/2009 closed @ orange vertical line)

H4
Yesterday (07/07/2009) the price closed just above around 20p++ above the PW 1.3870 and as what we can see from the chart below, maybe we'll see a little rebounce around this Price Wave later today.
Hello all...

Alright...just as I predicted earlier today...that the little rebounce @ PW 1.3870 is just happened (See the vertical orange line as per chart below).

So...the idea (TC) for another stochastic SWING HIGH @ H4 is still on...

Hope this helps.

Comments/questions are most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 55 KB
Click to Enlarge Name: eu2.gif Size: 45 KB
  • #119
  • Edited Jul 9, 2009 2:51am Jul 8, 2009 9:34pm | Edited Jul 9, 2009 2:51am
Hello all...

Let us see what we have for today:-

D1
Yesterday (08/07/2009) the price resisted @ 50SMA and closed just few pips below PW 1.3870. So far, the stochastic still in the SWING LOW level so wait and see how long this stochastic can hold its position later on today.

H4
This is easy. Let us wait and see for a TC somewhere @ 21EMA if the stochastic made it to SWING HIGH level.

H1
Stochastic on SWING HIGH level and 50SMA is a potential area for a TC to the downside move.

Hope this review helps you guys.

Comments/questions are most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 49 KB
Click to Enlarge Name: eu2.gif Size: 56 KB
Click to Enlarge Name: eu3.gif Size: 44 KB
  • #120
  • Jul 8, 2009 10:50pm Jul 8, 2009 10:50pm
Hi all...

This the first signal (orange vertical line) using both 15m and 5m stochastic SWING HIGH signals.

As per 15m, the price also found resistance somewhere below 50SMA (H1) which is considered a very good reason to SHORT this pair at the openig of the next 5m candle (also the opening of the next 15m candle).

Using 20p SL/TP rules, this is another EASY and CONVINCING 20p profit.

Comments/questions are most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 45 KB
Click to Enlarge Name: eu2.gif Size: 42 KB
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