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The Raz Method

  • #21
  • Oct 19, 2009 8:08am Oct 19, 2009 8:08am
Thanks for posting your system.......I like because it seems to be high % hit rate, which is what everyone wants........does not matter how many pips you get a trade or day, cuz its the value of the pips which is important...

  • #22
  • Edited Oct 20, 2009 3:33am Oct 19, 2009 12:41pm | Edited Oct 20, 2009 3:33am
so far not much to trade. This week is starting to shape up for some good trades. I will be leaving town for a day, so I will be out of trading however but I will back test the valid signals as I go.
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  • #23
  • Oct 19, 2009 12:42pm Oct 19, 2009 12:42pm
Quoting cspip
Thanks for posting your system.......I like because it seems to be high % hit rate, which is what everyone wants........does not matter how many pips you get a trade or day, cuz its the value of the pips which is important...

exactly why stick with this method.
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  • #24
  • Oct 19, 2009 5:16pm Oct 19, 2009 5:16pm
Here in the pic you can see why I did not take this Long position, everything else matched up, but the momentum on the MACD was falling which voided a possible entry. Although this may hit later on, it doesn't qualify for a valid entry.
Attached Image (click to enlarge)
Click to Enlarge Name: cabelfalsesignal.gif Size: 20 KB
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  • #25
  • Oct 19, 2009 10:16pm Oct 19, 2009 10:16pm
Of course I am using the MT4 Demo account from MB trading, and like usual it craps out. So always have a back up plan, so I use FXDD Demo MT4. This MT4 from MB Trading has been disconnecting a lot lately, so if this continues to happen I will more then likely use the FXDD demo for now on. Considering the spread effects the PA just a little, it still works for me. So right now using MT4 FXDD
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  • #26
  • Oct 20, 2009 1:40am Oct 20, 2009 1:40am
Well nothing is a sense of indicators is going to change, but over the last three weeks(since MB Trading went live accounts with the MT4) my MT4 Platform has just shut down. Thus leaving me out of good trades, and throwing my signals off. I have been using IBX MT4 for sometime for demo accounting, then switched to MB Trading MT4 when it was demo only. Things were never an issue, however this week I missed out on probably my only true valid signal, simply because the platform pooped out on me on MB Trading. So I have been using FXDD MT4 for the last three weeks for backtesting this last entire year, and have had good results.

So basically to change what I earlier spoke about using MT4, because these are 30 min candles, shouldn't have much change in with platform to platform, going forward I am going to use the FXDD MT4 for now on. From what I have heard and read online, it seems widely used and seems quite dependable. Here is a pic of the only valid entry for the start of this week, and yes it did hit it's take profit.
Attached Image (click to enlarge)
Click to Enlarge Name: cablelong.gif Size: 20 KB
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  • #27
  • Oct 20, 2009 1:43am Oct 20, 2009 1:43am
It's a bummer that I missed it because of platform issues, but a good start for the week. So I hope to show week after week, the success of The Raz Method. So far one trade up.

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  • #28
  • Oct 20, 2009 1:57am Oct 20, 2009 1:57am
This is the first time im ever writing on FF, iv seen N number of system's here come and go, but finally ur is the actual one i like bcz it some what resembles my style of trading.Kudos to you and yur work sir!

Now another question for entry now suppose, you 4h charts are in short mode and you do get a properly valid signal on the 30min for a long.. In such cases what do you do?
  • #29
  • Oct 20, 2009 3:27am Oct 20, 2009 3:27am
Quoting Psycic
This is the first time im ever writing on FF, iv seen N number of system's here come and go, but finally ur is the actual one i like bcz it some what resembles my style of trading.Kudos to you and yur work sir!

Now another question for entry now suppose, you 4h charts are in short mode and you do get a properly valid signal on the 30min for a long.. In such cases what do you do?

That will happen very often, however I stay true with the market trend. So in this case I do not take the entry. Sometimes it will hit, but sometimes it won't so I just dont take that risk.

Keep in mind when I trade the market trends with this method; it is almost discribed that the trend itself is already determined, and momentum has already been established. With this method I am looking for openings in an already established trend. So catching it when it starts usually is never the case. But through countless trial and error I have learned is to stay true with the market trend.
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  • #30
  • Oct 20, 2009 3:54am Oct 20, 2009 3:54am
i got your point, waiting to hear more tips from you on this technique!

Cheers!
  • #31
  • Oct 20, 2009 4:04am Oct 20, 2009 4:04am
In this pic below you can see that you have complete cross of the 3 ema through the 20 ema( I know it is hard to see at first, but it does cross, which makes it valid). But this is would be a valid signal for Short entry, but since we are in long mode I totally disregrad this valid entry.
Attached Image (click to enlarge)
Click to Enlarge Name: eurfalseshort.gif Size: 35 KB
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  • #32
  • Oct 20, 2009 4:28am Oct 20, 2009 4:28am
I had taken a similar trade in Nzd/Usd 2 hours ago same setup, lucky me i closed it at break even hehehe......but then in this euro setup u just showed would we wait for the ADX to come near to 25? or can we take it before also the rsi should be below 45 right....or below 40? some times it touches 45 comes back to 50 also....i get confused in such cases...
  • #33
  • Oct 20, 2009 9:27am Oct 20, 2009 9:27am
Nice engineered thread; Thank you for organizing it unlike most threads I read.

Just took 20 on the Gu using your method of locking in profit once 20 is hit. It made more but 20 is a smart ending...

4h long mode;

30m macd was not a full 15 candles of upward momentum but signal line turned up with increasing size histo bars so I pounced.

Thanks for sharing your experience.

Forex is a tough business and you have offered a simple solution.

I'll be watching this more.


Steve
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu4h.gif Size: 51 KB
Click to Enlarge Name: gu30m.gif Size: 52 KB
  • #34
  • Oct 20, 2009 12:53pm Oct 20, 2009 12:53pm
Quoting Psycic
I had taken a similar trade in Nzd/Usd 2 hours ago same setup, lucky me i closed it at break even hehehe......but then in this euro setup u just showed would we wait for the ADX to come near to 25? or can we take it before also the rsi should be below 45 right....or below 40? some times it touches 45 comes back to 50 also....i get confused in such cases...
Well for the ADX it doesnt have to be above or below the 25 line, that just helps you understand the strength of a trade.

If you are Shorting then you must see the RSI touch(or be pretty break very very very close and near the ) the 45 line and break down towards the 40 line. If it breaks the 45 line and rallies up towards the 50 then I dont take the trade.
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  • #35
  • Oct 20, 2009 12:56pm Oct 20, 2009 12:56pm
Quoting stevewide
Nice engineered thread; Thank you for organizing it unlike most threads I read.

Just took 20 on the Gu using your method of locking in profit once 20 is hit. It made more but 20 is a smart ending...

4h long mode;

30m macd was not a full 15 candles of upward momentum but signal line turned up with increasing size histo bars so I pounced.

Thanks for sharing your experience.

Forex is a tough business and you have offered a simple solution.
Steve
Good catch steve, yes that case I would have used a little discretion and taken the trade. Everything lined up, and as you can see the last 15 candles painted a picture of recent heavy positive momentum, and then you saw it start build back up, and yes the signal line was sideways flat for a sec but sligthly up and it looks like it did hit.

Good job
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  • #36
  • Oct 20, 2009 2:50pm Oct 20, 2009 2:50pm
Not much will probably be happening, but I will be out for work the next 8 hours, but I will document any valid entries when I get back, and hope to grab trade or two tonight.
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  • #37
  • Oct 20, 2009 11:45pm Oct 20, 2009 11:45pm
Well good news and bad news;

Bad News:

was I had family suddenly visit me today, and took much of my time after work. We went out to eat, and just got back home and quickly logged on only to realize that I missed another valid entry, which did hit its take profit. So that is three signals this week that I have missed via sleep;work;family visits.

Good News:
is that The Raz Method so far this week is 100% on winning target, and no losers. I did miss three this week, all on the cable, but overall still valid entries that hit their take profits.

This pic below shows the valid entry that I was about 1 hour late from getting home too, but it did hit perfectly.
Attached Image (click to enlarge)
Click to Enlarge Name: cablelong.gif Size: 32 KB
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  • #38
  • Oct 20, 2009 11:54pm Oct 20, 2009 11:54pm
wat a coincidence lol i missed out on all three signals including the gbp one 2day was like an hour late lol, 4 hour was in long mode and 30 min showed buy and we could have enterd!!! im loving it...... Good system just that you have to be glued 24 hrs if you want to make pips and earn money!!! that the tough part
  • #39
  • Oct 20, 2009 11:59pm Oct 20, 2009 11:59pm
Quoting raz
Well good news and bad news;

Bad News:

was I had family suddenly visit me today, and took much of my time after work. We went out to eat, and just got back home and quickly logged on only to realize that I missed another valid entry, which did hit its take profit. So that is three signals this week that I have missed via sleep;work;family visits.

Good News:
is that The Raz Method so far this week is 100% on winning target, and no losers. I did miss three this week, all on the cable, but overall still valid entries that hit their...
Raz, I am confused on this trade. The 4H chart is not CLOSED above 5, 10 and 20 EMAs yet. Do we have to wait for the close before looking for entry on 30M TF?.

Thanks/Harry
Attached Image
  • #40
  • Oct 21, 2009 12:42am Oct 21, 2009 12:42am
Quoting Harry123
Raz, I am confused on this trade. The 4H chart is not CLOSED above 5, 10 and 20 EMAs yet. Do we have to wait for the close before looking for entry on 30M TF?.

Thanks/Harry
Very good question. So I have blown up a picture below to show what I mean of closure of candle. Keep in mind that you are taking the mid of prior candle to the mid of the next candle to indicate closure.

Now you bring up a good point, of course the current candle could easily reverse there for sending you to pass up a trade. However that is part of trading, the current candle that you are in(4hr mode) is going to be bouncing up and down, and if you are LONG MODE in which the GBP/USD was, you definetly want to make sure the 5 ema is above the rest while take the trade.

So to answer you final question, you do not have to wait for the current 4hr candle to close before taking a trade on the 30 min TF. Maybe I wasn't clear on viewing the 4hr TF before, and I do apologize for that, but I consider the data from the prior mid(candle) to the current mid(candle) as you can see that is how the 5 ema(line itself) plots upto.

Hope this makes it clear for you Harry, once again I apologize for not being clear before.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.gif Size: 23 KB
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