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The Raz Method

  • #121
  • Oct 22, 2009 3:26am Oct 22, 2009 3:26am
Quoting stunna29
It's ok Dream we all have slip and come short in this area but you know what though GBP/US is a very tricky pair to trade and required alot of discipline..i trade it for a year with little to no success..pick up other pair and the pips jus kept rolling in.BTW you guys have got a wonderful thing going on here i wish you all the best.
Hey guys be careful red flag news comming up at 08:30 GMT..probably need to sit on your hands for now.
  • #122
  • Oct 22, 2009 3:27am Oct 22, 2009 3:27am
Quoting stunna29
It's ok Dream we all have slip and come short in this area but you know what though GBP/US is a very tricky pair to trade and required alot of discipline..i trade it for a year with little to no success..pick up other pair and the pips jus kept rolling in.BTW you guys have got a wonderful thing going on here i wish you all the best.
Thnx stunna, agree gbp/usd has a mind of its own. Thnx for the appreciation, hope you liked what mr Raz has done here.. Kudos to the man..!! Best of luck to you to if your joing us or whtever your system is that you trade with!
  • #123
  • Oct 22, 2009 3:47am Oct 22, 2009 3:47am
i find this macd setting to be very powerful..first try 1 lot currently up +52= $520..not bad for a nights work.Hopefully i am not straying form Raz setting..if i am please let me know Raz and i will delete this post..but overall wonderful system.
Attached Image (click to enlarge)
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  • #124
  • Oct 22, 2009 3:56am Oct 22, 2009 3:56am
Quoting stunna29
i find this macd setting to be very powerful..first try 1 lot currently up +52= $520..not bad for a nights work.Hopefully i am not straying form Raz setting..if i am please let me know Raz and i will delete this post..but overall wonderful system. Attachment
Good first try sir, firstly Raz wouldnt have taken this trade because the 4h gbp was still in buy. According to Raz some times these trades work and some times they dont. but it was a good reversal trade.. some one should come up with a condition to when we can trade against the 4h trend(reversal trade)....
  • #125
  • Oct 22, 2009 4:34am Oct 22, 2009 4:34am
Going out for 8-10 hours be back later...hope to see every one making pips and new ideas generating here...C u guys

Happy piping!!
  • #126
  • Oct 22, 2009 7:06am Oct 22, 2009 7:06am
Quoting stunna29
i find this macd setting to be very powerful..first try 1 lot currently up +52= $520..not bad for a nights work.Hopefully i am not straying form Raz setting..if i am please let me know Raz and i will delete this post..but overall wonderful system. Attachment

Hello there, first of all I will never disregard anyone else's good work in making pips. I welcome any sort of method to making pips. Good job, and glad to see that you snagged some pips. I am happy to see that others here will add their own different methods or variations in trading pairs. As you may not know I am very disciplined in my approach and will stick with my method, but if you do have any questions or concerns feel free to post away.... Good Pippin to ya!!
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  • #127
  • Oct 22, 2009 7:12am Oct 22, 2009 7:12am
Quoting dreamfx
I am sorry to admit, it was my emotion and I took that trade at 5:01 GMT. I have another funny trade which I'm hanging with since yesterday, short @1.6457. I have to teach myself to behave and follow the rule!! I have blown £8000 last month which I made over the past two months. But somehow I have a feeling, I can see the light now and I have some very talented friends like you all. Many thanks and wish me luck so that I can be civilized!

Listen fellow trader, I can relate to you 100%, losing sucks!! And you can not paint any other picture about it. I would be more then happy to assist you in any way I can.

However please I would recommend that you demo or trade micro lots on this method till you are comfortable with it, before putting live money into it. Well trade at your own risk. So far this week I am +45 pips(with a -25 pips calculated into that) and I have missed plenty of good signals(+75 pips worth). So I know this system works. If you have questions on positions and I or Psycic are here, just post and ask. We shall be happy to confirm or deny whether this would be something we would take. I want everyone to be successful. So chin up forex buddy, loosing is harsh and priceful lesson to learn from.
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  • #128
  • Oct 22, 2009 7:15am Oct 22, 2009 7:15am
Quoting Psycic
Going out for 8-10 hours be back later...hope to see every one making pips and new ideas generating here...C u guys

Happy piping!!


Well good job today, just a couple of trades for you I think, but good job on +35 on yen today. As long as we are always in the +Green thats all that matters. Hope to see you later.
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  • #129
  • Oct 22, 2009 7:58am Oct 22, 2009 7:58am
[quote=raz;3168472]As you may not know I am very disciplined in my approach and will stick with my method/quote]


Keep telling us this. It helps.
Steve
  • #130
  • Oct 22, 2009 8:14am Oct 22, 2009 8:14am
[quote=stevewide;3168597]
Quoting raz
As you may not know I am very disciplined in my approach and will stick with my method/quote]


Keep telling us this. It helps.
Steve
All the time bro, will be here for a long time, at least for for the next seven years LOL
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  • #131
  • Oct 22, 2009 8:32am Oct 22, 2009 8:32am
Good look trading today. Will validate my signals when I get back to backtest them. I can answer questions at work via this forum, but will not have access to my trading platform. Take it easy have a good day/night
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  • #132
  • Oct 22, 2009 9:15am Oct 22, 2009 9:15am
Hey, Raz.
Thanks for this system. Looks like it certainly has merit. I took the same UJ trade you did earlier, but I came in on the next candle. Was waiting for the ADX yellow to be Above "25". Does it just have to be pointed in the correct angle or must it be touching or Above the "25". I missed out on the TP and hit my SL. ggrrrrr
I feel more like I do now than I did a little while ago...
  • #133
  • Oct 22, 2009 10:11am Oct 22, 2009 10:11am
Quoting danatisgi
Hey, Raz.
Thanks for this system. Looks like it certainly has merit. I took the same UJ trade you did earlier, but I came in on the next candle. Was waiting for the ADX yellow to be Above "25". Does it just have to be pointed in the correct angle or must it be touching or Above the "25". I missed out on the TP and hit my SL. ggrrrrr

First I recommend demo'ing or low risk micro lots on this method till you grow comfortable with it like I have. I have stated before in this thread that I will take trades even if the ADX Line (Yellow) is below 25. Below the 25 line is a indication of strength of trend. Also it is a lagging indicator. I am displeased that you had a SL, however I can see if you entered in one candle late then I can see the short shot trend had self exhausted. Remember we are looking for the candle close of the 55 line on RSI(for example going Long).

this is from post#10 on this thread earlier

..
Now that we know when we are in LONG or SHORT MODE, now we flip to the 30 min TF, and this is where the fun begins.

In LONG MODE;

THE Musts!
(I don't know if Musts is a word, but it's sounds cool)
I am looking for the 3 EMA to be closed above the 20 EMA, the actual candle itself can close on the lines, but the 3 EMA line has to be above 20 EMA line. Does not have to be fresh cross of the two.

First! Whic is the most vital entry signal that I truly look for, this is a definite must. My only true entry signal. I need a close of through the '55' line of the RSI. It can come from the bottom, or bounce down from the top, but it must close at slant through the '55' line. This has to be instant with the most current, or sometimes most current two candles(which I call a connecting candle, I will explain later). This all can better be explained with a pic.

Next I look at my ADX, I look for two things, first priorty is how far below or above the 25 line are we, this will indicate strength of a trend. Although if it is below the 25 line, I will still sometimes take the entry. Next I look at the +DI, and see what direction it is going, if I am in LONG MODE then I have to have the green line above the red line to indicate positive direction. This, very much like the MACD(that I am going to explain below) are filters, not signals for valid entries.

Lastly the lovely MACD. This and the ADX are purely my filters for my trades, I do not use the MACD to take any signals, just like I don't with the ADX. Keep in mind my only signal taker in trading is the RSI. However with MACD it truly is my main filter. Like I mentioned before, please research what these indicators are and understand their meanings. For the MACD, we all know it is a lagging indicator. However with this method I want to trade with the momentum, not against it. http://cdn.forexfactory.com/images/s.../yim/whew!.gifSo with MACD, I am looking at the histogram and signal line, and where they came from. I take the last 15 candles, and visualize them. I see to myself the momentum of what direction has been favored recently. So first I look at the histogram, and see the strength of momentum. Must show that it is going bullish(looking for longs). Even if the histogram is below the 0 line, I will still use this for bullish confirmation if there is significant lose in Negative momentum. If the histogram shows very low activity, and seems to hover up and below the 0 line, but still very close to it, then I will probably void my chance of any trade, because this usually indicates range market. Anyways back to LONG MODE, after determining my the histogram favors my direction, I at look the signal line, and where it came from. If the signal line is falling, the most likely it will be a false signal(and I analyse the last 15 candles to justify this). If the signal line is shooting up(looking 15 candles back), then of course this confirms my Long entry, also if the signal line is up but dips a little and now sideways(looking 15 candles back) then I still long. Remember MACD is a lagging indicator.

So to recap on Long entry;
3 EMA above 20 EMA

RSI most clean break the '55' line.

ADX does not have too, but indicate strong trend above or below the 25 line; also looking for green to be above the red.

MACD Histogram paints a picture of history, and yes it can confirm + or - momentum. Signal line must be up, or sideways(but recently up) both looking 15 candles back.

Enter Long, 25 pip TP with 25 SL.

Below are pics that show valid entries, one is a fresh cross of the RSI, and the other is what I call a bounce of the RSI

...once again sorry you missed it, but hopefully you can rebound and catch the next one.
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  • #134
  • Oct 22, 2009 10:53am Oct 22, 2009 10:53am
see last white arrow showing rsi crossed 55; strong crossing slope.

Decent MACD; while below 0 line it had a strong upward histo and signal line.

Weak ADX; DI+ above DI- but ADX below 25.

Anywho, it seemed a good trade. I like setting 25 tp/sl and forget it except to lock in 20 pips with my sl when or if it happens.

Looking for next trade.

Thanks RAZ.


Steve

EDIT: tp now hit; put it down for +25. I'm impressed!
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  • #135
  • Oct 22, 2009 11:20am Oct 22, 2009 11:20am
Thanks for the reply, Raz. Will try to pay closer attention in future trades. Also, rest assured there is not much ventured on these beginning trades, not until I'm more comfortable with picking winnershttp://cdn.forexfactory.com/images/icons/icon7.gif
I feel more like I do now than I did a little while ago...
  • #136
  • Oct 22, 2009 11:34am Oct 22, 2009 11:34am
Steve: Well done mate! Nice trade!

Raz, are you using the stop of 25pips for any m30 pair? or do you use a larger stop?

Have you noticed when you get into your trades, do you seem to be getting a 15-20 pip drawdown before your trade goes into profit or anything similar?

Many thanks for your time.
  • #137
  • Oct 22, 2009 11:42am Oct 22, 2009 11:42am
Quoting WilteredFire
Steve: Well done mate! Nice trade!

Raz, are you using the stop of 25pips for any m30 pair? or do you use a larger stop?

Have you noticed when you get into your trades, do you seem to be getting a 15-20 pip drawdown before your trade goes into profit or anything similar?

Many thanks for your time.
Stevewide GJ . I will have to look at that entry when I get home, can't see anything from work.

WilteredFire, I do use a 25 pip stop loss on all 4 pairs that I trade. I know other pairs like GBP/JPY I would use a 50 pip stop loss, but on this method I do not trade it. At times I have seen the trade go -23 pips and still hit my target. Yes I do expect a drawdown on a lot of trades. Just like the USD/JPY trade I took last night live. It went -12 for about an hour, and then turned up to hit TP.
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  • #138
  • Oct 22, 2009 11:45am Oct 22, 2009 11:45am
Quoting stevewide
see last white arrow showing rsi crossed 55; strong crossing slope.

Decent MACD; while below 0 line it had a strong upward histo and signal line.

Weak ADX; DI+ above DI- but ADX below 25.

Anywho, it seemed a good trade. I like setting 25 tp/sl and forget it except to lock in 20 pips with my sl when or if it happens.

Looking for next trade.

Thanks RAZ.


Steve

EDIT: tp now hit; put it down for +25. I'm impressed!
I know you pointed out a lot times the RSI hit the 55 line(in your pic). I think from Stevewide's example we all can see that it important to time the entry right when it is correct, like Stevewide did. That's what this method is all about, timing the right window and catching the momentum at the same time. Rarely happens, but highly hits! Good analysis Stevewide!
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  • #139
  • Oct 22, 2009 12:09pm Oct 22, 2009 12:09pm
Good job Stevewide!!!! nice trade...i just saw it i would have taken it to!! just came back long day!!! wasaaap Mr raz...hwz wrk? there was a trade on usd/jpy also a buy! and it hit 25 tp arnd 24 but ya same thing.... another trade in eur/usd hit 25 pip tp.....and the gbp/usd trade which steve took so over all i missed 3 trades all hit 25 tp!!! thats another 75 pips missed hope i get a trade soon..!!
  • #140
  • Oct 22, 2009 12:22pm Oct 22, 2009 12:22pm
Quoting Psycic
Good job Stevewide!!!! nice trade...i just saw it i would have taken it to!! just came back long day!!! wasaaap Mr raz...hwz wrk? there was a trade on usd/jpy also a buy! and it hit 25 tp arnd 24 but ya same thing.... another trade in eur/usd hit 25 pip tp.....and the gbp/usd trade which steve took so over all i missed 3 trades all hit 25 tp!!! thats another 75 pips missed hope i get a trade soon..!!

Whats up Psycic, well works is work, sucks! However I will have to look at these signals when I get back later today. From your guy's account looks like we had some hitters. So it good to see that this week turned out to be a good week of trades, it's just too bad I couldn't take em from work.
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