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515 Eurofighter System

  • #181
  • Edited 8:07am Jul 16, 2009 7:50am | Edited 8:07am
Quoting Pipars
Greetings Mr. Orange

Been following your thread for the last 2 weeks, i must say i like it a lot. Started backtesting seriously this week and made some nice pips. So thank you again for your good job here.
Thanks...and you are welcome.

Looking forward of your posting together with your chart would be the best so that we can discuss over it much better.

All the best to you...
  • #182
  • Jul 16, 2009 7:57am Jul 16, 2009 7:57am
Alright...

This has been discussed for so many times in this thread. Support @ certain MA (in this case it is 10EMA) with the PA vs Stochastic Behaviour for a TC signal during a trending (uptrending) market, this signal (orange vertical line) can give at least 10p profits based on 10p SL/TP Strategy and Rules.

Comments/questions are most wecome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 40 KB
  • #183
  • Edited 8:51am Jul 16, 2009 8:27am | Edited 8:51am
Will see if the rebounce would happen in the blue rectangular and orange vertical line.50SMA (5m) and stochastic SWING LOW (both 15m and 5m) are the reason.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 41 KB
Click to Enlarge Name: eu2.gif Size: 41 KB
  • #184
  • Jul 16, 2009 8:36am Jul 16, 2009 8:36am
Quoting orangeRANGE
Will see if the rebounce would happen in the blue rectangular and orange vertical line.50SMA and stochastic SWING LOW is the reason.
1/3 of 15m (1st 5m candle in 15m) closed above 50SMA...hmmmpphhh...
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 41 KB
  • #185
  • Jul 16, 2009 8:43am Jul 16, 2009 8:43am
Quoting orangeRANGE
1/3 of 15m (1st 5m candle in 15m) closed above 50SMA...hmmmpphhh...
That's the way...aha aha...I like it...

This is a LIVE EXAMPLE...!!! Any question/comment?
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 41 KB
  • #186
  • Jul 16, 2009 8:51am Jul 16, 2009 8:51am
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  • #187
  • Jul 16, 2009 8:57am Jul 16, 2009 8:57am
Quoting ssq
Attachment

Attachment
ssq...

Just now the previous move (look @ elipse) for LONG entry signal already can give ya' 20p profit by now. This is where the 20p SL/TP strategy is used. Both 15m and 5m stochastic making SWING LOW and price supported @ 50SMA (5m) / 21EMA (15m).

Study this.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 39 KB
Click to Enlarge Name: eu2.gif Size: 40 KB
  • #188
  • Jul 16, 2009 9:04am Jul 16, 2009 9:04am
Alright...this could be an important candle for a downtrending price right now....

Watch..!!!
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 40 KB
  • #189
  • Jul 16, 2009 9:27am Jul 16, 2009 9:27am
Alright...

Favour SHORT entry signal now (SWING HIGH @ 5m stochastic). Becareful, because the 15m stochastic is on its way up...!!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 41 KB
Click to Enlarge Name: eu2.gif Size: 41 KB
  • #190
  • Jul 16, 2009 9:34am Jul 16, 2009 9:34am
Signal SHOULD BE somewhere around here (orange ver. line+blue rectangular)
Attached Image (click to enlarge)
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  • #191
  • Jul 16, 2009 9:42am Jul 16, 2009 9:42am
Quoting orangeRANGE
Signal SHOULD BE somewhere around here (orange ver. line+blue rectangular)
Ahah..thats it...but not a nice one
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 41 KB
  • #192
  • Jul 16, 2009 9:49am Jul 16, 2009 9:49am
Watch out for this area @ 1.4095....
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 41 KB
  • #193
  • Jul 16, 2009 9:59am Jul 16, 2009 9:59am
Quoting orangeRANGE
Watch out for this area @ 1.4095....
Maybe somewhere @ 50SMA. See red rectangular
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 41 KB
  • #194
  • Jul 16, 2009 10:19am Jul 16, 2009 10:19am
Quoting orangeRANGE
Maybe somewhere @ 50SMA. See red rectangular
It is against the 50SMA...let us see if this candle is the turning point to the downside....H1 stochastic (more dominant compare to 15m stochastic) still heading down by the way...
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 40 KB
  • #195
  • Jul 16, 2009 11:25am Jul 16, 2009 11:25am
Quoting orangeRANGE
It is against the 50SMA...let us see if this candle is the turning point to the downside....H1 stochastic (more dominant compare to 15m stochastic) still heading down by the way...
SWING HIGH against the 50SMA. Should be a nice one.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 40 KB
  • #196
  • Jul 16, 2009 11:37am Jul 16, 2009 11:37am
The previous candle with long upper wick (see blue rectangular) closed below the resistance TL. This should be a signal candle that telling us some retracement will occurs again later on.

However, the stochastic behaviour also showing that the price might get a little support from PW 1.4110 for now. Price still have the potential to test the TL very hard once again.

Not a very good situation to trade, since the lower TFs stochastics are still looking for agreement to each other.

Bias to the upper side though...but a bumpy ride...

Comments/questions are most welcome

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 53 KB
  • #197
  • Jul 16, 2009 11:48am Jul 16, 2009 11:48am
Hey! AMAZING AMAZING thread, all the pictures explain so much.

Just so confused as to is there an EA or you all doing manually? Ive looked at all of them in metaeditor but all just indicators?

Having a scalping EA running on all EUR pairs would be good no? Small stops and just go for 10 pips at a time??
  • #198
  • Jul 16, 2009 11:56am Jul 16, 2009 11:56am
Quoting Sim
Hey! AMAZING AMAZING thread, all the pictures explain so much.

Just so confused as to is there an EA or you all doing manually? Ive looked at all of them in metaeditor but all just indicators?

Having a scalping EA running on all EUR pairs would be good no? Small stops and just go for 10 pips at a time??
Hello Sim...welcome to the thread

No EA for this system. It is all manual. For strategy and rules, please read Post #1 of this thread.

I will not encourage an open position to maximize your profit unless you really2 master the system already. So, go through all the lessons and examples and take your time.

All the best....
  • #199
  • Jul 16, 2009 12:13pm Jul 16, 2009 12:13pm
Thank you, yes I can comprehend your system it all makes good sense to me! At the moment I am using one of urbanforex's systems which is so reliable,, my dilemma is how to use two different systems for the same pair!

2 Different brokers with a template on each?

The amount of help you have given others in this thread is astounding, god bless you!
  • #200
  • Jul 16, 2009 10:35pm Jul 16, 2009 10:35pm
Quoting Sim
Thank you, yes I can comprehend your system it all makes good sense to me! At the moment I am using one of urbanforex's systems which is so reliable,, my dilemma is how to use two different systems for the same pair!

2 Different brokers with a template on each?

The amount of help you have given others in this thread is astounding, god bless you!
Hello Sim,

As long as u r using mt4, u can use my template. Just open a new EU chart and upload the template. U'll get the same set up as mine as long as u have completely all the indys required in this system.

However, u better use only one system for your trading. Don't make yourself confuse.

Attached herewith are the indys. Hope this helps.

All the best....
Attached File(s)
File Type: mq4 _Stochastic_Cross_Alert_SigOverlayM_cw.mq4   6 KB | 203 downloads
File Type: mq4 MTFMovingAverage.mq4   5 KB | 192 downloads
File Type: mq4 RSIBar.mq4   2 KB | 210 downloads
File Type: ex4 STOCH_Bars_M#_v2.ex4   36 KB | 193 downloads
File Type: mq4 Support_Resistance.mq4   2 KB | 192 downloads
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