Center of Gravity Daily Trend Trade

I was posting in and following the C4 Scalping Trade but with Me being a Fellow with another Job and no time to scalp I came up with this trade. Please do not post negative posts and deteriorate this post.
I use only four indicators adn check my chart only once a day for about 10 Minutes. This will work on any pair and the more volatile the pair is the better it works so I use it on the EU, GJ, AJ, CJ.

Great trades on the daily charts. All we need to is to check at the start of each day to see whether we have a change of colour - a 30 second task. A neat trick is to only open the trade when the 4 hour and 1 hour charts are both showing a trend the same as the daily chart. You can even wait for the 30 minute and 15 minute charts to agree so that our trade goes into positive territory immediately.

Buy when price clears lower COG green line and there is Blue
LWMA on the open of the next Candle. SL at the curve base of the LWMA. Exit when close to upper COG Green line.

Sell when price clears upper COG green line and there is Red
LWMA on the open of the next Candle. SL at the curve base of the LWMA. Exit when close to lower COG Green line.

Protect Half the position when price crosses COG Blue center line.

Money managment is to be obeyed do not risk more than 2% on any one trade. Trades can last for Days and Weeks. You will profit if you follow all the rules and wait patiently for trades. DO NOT RUSH THE TRADES!!! Your account will grow over time. I trade only .02 lots with this trade!!

Early exits for impatient traders are 100 pip take profit. Happy Trading.

Mike

Not intended to be a negative post...but COG indicator is notorious for repainting...

i demonstrated on an early thread re roll over how the 8 major currencys move over a 1 mnth period from profit to loss to profit, the movement can be large as shown on this screen snapshot

so you may down load brians indicater here and draw your circles as per an example on mt4

the indicator plots the 8 major currencys in colors for each currency, you can clearly look at history of month major moves and see the corelation of currencys
ill post a screen snapshot showing dojis 40 k balance obtained over 7 days
no stop loss just working on circle trade with position averaging with the brians index and circle as an example for you to draw your own

ggod bless you from BRIAN

YES LIKE MANY INDICATORS REDRAW IS A MAJOR PROBLEM
IN fact the cog indicator was first introduced on my old rollover thread by world freedom, its a good indicator but as you
say itis like many it redraws

however the theory behind the circle is excellent and the proof is in live trade results and demo using weekly highest high and lowest low the circle of currency movements following the market overall trend works and works exceedingly good without any indicator except the trend and the hh ll AND THE CIRCLE OF MOVEMENT

so bogging down the thread in a mirage of indicators facts and opinions does nothing to enhance the evidence of the circles great potentional

thats only my opinion

great thread from Brian


from BRIAN

The reason being that if you follow the instructions you are not entering the trade based on COG. The only thing COG does is let you see trend direction and have a general idea about when to take profit. If it repaints then you have already been profitable and can decide to stay in or leave the trade. You enter on pure price action when it leaves its support levels and crosses LWMA.
What are the settings you are using for the BrianIndex and BrianIndexAve?

Hi Mgs1f.

I like your system but could you tell me what LWMA is .Buy when price clears lower COG green line and there is Blue
LWMA on the open of the next Candle. (LWMA) Also to make a buy or sell do I need to wait for the COG lines to be in the direction of the trade? Thanks

LWMA is Linear Weighted Moving Average its the line that moves with the price and changes color to Blue or Red. Watch it trade on lower time frame and then come back to Daily chart and you will not loose you money. When I was introduced to forex was told this but strayed away and now after winning some and loosing a lot I realase that the only time I was 75% profitable was when I was trading the Daily and 4H time frame. It takes a little longer but it works.

http://www.forexfactory.com/t/120034...-system-1.html

Cool post

Examples H4 and Daily ?

We would appreciate it very much if you can give us some examples (especially eurusd and gbpusd) of trades on the daily and H4 timeframes.

If posting an example:
-one picture at the time of entry
-second picture at the time of exit please.

It will take some time before a good setup will occur on the H4 and daily timeframes but we have all the time in the world.

eTrader

Here you have a non-repainting version of COG.

It requires a strong processor and a lot of RAM, but works good.

Hi thanks for the reply. Could you post that LWMA (Linear Weighted Moving Average ) I lokked at ny indicators but I dont have that one . Thanks

Thanks for the system-I'm going to give it a try

Can you tell me how you use the TD DeMark indicator...it seems to be plotting crossing trend lines forming a pennant...is that used to look for breakouts or am I on the wrong track here?

what does "physics" have to do with an interpolated average and oddly calculated statistical deviations?

Example EURJPY H4 Long trade Date 12/08/2009
The published template " COG Daily Trend " was used on de H4 timeframe for this example.

Curve Fitting COG on the EURJPY
Adjustment COG parameters:
Order (degree) m= 2
Number of bars back (length) = 180
kstd= 2

Thanks for watching,
eTrader

Example USDCAD H4 Short trade Date 12/08/2009
The published template " COG Daily Trend " was used on de H4 timeframe for this example.

Curve Fitting COG on the USDCAD
Adjustment COG parameters:
Order (degree) m= 2
Number of bars back (length) = 180
kstd= 2

Thanks for watching,
eTrader

Example GBPUSD H4 Long trade Date 13/08/2009
The published template " COG Daily Trend " was used on de H4 timeframe for this example.

Thanks for watching,
eTrader

This is the beauty of the trade shown live.

@eTrader

Your post is very illustrative, pls can you upload your arrow indicator and template.

thx

I second that, please post the arrow indicator... Thanks in advance.