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Attachments: The Raz Method
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The Raz Method

  • #361
  • Oct 30, 2009 4:32am Oct 30, 2009 4:32am
Quoting Psycic
You took this scalp? i see that it did give some points 5-10 may be 15?

i did, but on the demo account. I will forward test it for the next 3 to 4 months before live money is involved. took 8 pips, I am determining a 10 pip trailing stop right off the bat. Once it hit 5 pips, I shortened it down to a 5 pip trail stop. Then it closed out +8. So will have to experiment with it.
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  • #362
  • Oct 30, 2009 4:36am Oct 30, 2009 4:36am
so I am looking at something that jumps the rsi through 4 zones on a single bar, in the direction of the main trend.
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  • #363
  • Oct 30, 2009 5:18am Oct 30, 2009 5:18am
If it breaks the 90.80, I think its going to fall from there. Been testing the 90.80 area, but has not broke it. Seems that all the pairs right now are just ranging, which is not good for the raz method.
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  • #364
  • Oct 30, 2009 5:19am Oct 30, 2009 5:19am
Quoting raz
that is good idea, that we can alert each other(in other words wake my a$$ up) for a signal. LOL!
Hahaha...lets wind up the day and we will fix up everything this weekend?
  • #365
  • Oct 30, 2009 5:26am Oct 30, 2009 5:26am
Quoting raz
If it breaks the 90.80, I think its going to fall from there. Been testing the 90.80 area, but has not broke it. Seems that all the pairs right now are just ranging, which is not good for the raz method.
everything is ranging lines are flat on 4h.....
  • #366
  • Oct 30, 2009 2:30pm Oct 30, 2009 2:30pm
Quoting raz
If it breaks the 90.80, I think its going to fall from there. Been testing the 90.80 area, but has not broke it. Seems that all the pairs right now are just ranging, which is not good for the raz method.
i am following this thread since some days.
i have a question about an exit point according to the indicators on chart, if u can tell when to exit, perhaps can do an EA for that method.
i prefer not to use stoploss or trailing stop(if possible).
waiting your reply
Thanks
Anthony
  • #367
  • Oct 30, 2009 7:09pm Oct 30, 2009 7:09pm
Not much went on this week, only 9 valid entries. I went back and back tested it again to be sure, and yes it is just 9 valid entries. 6 winners and 3 losers. Of course I missed out on the 6 winners, but hopefully next week we can get a good trend going so we can make some money.
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  • #368
  • Oct 31, 2009 10:50pm Oct 31, 2009 10:50pm
thanks for sharing the method; looks nice and simple
a)trades with major trend
b)has momentum and other technical logic

issues i see are the ability to trade 24 hrs and/ or monitor the method other than that...it seems simple and therefore viable...will start monitoring real time...i am uncertain however on how to upload charts

cheers and thanks

macca
  • #369
  • Nov 1, 2009 2:15pm Nov 1, 2009 2:15pm
Quoting Anthony_M
i am following this thread since some days.
i have a question about an exit point according to the indicators on chart, if u can tell when to exit, perhaps can do an EA for that method.
i prefer not to use stoploss or trailing stop(if possible).
waiting your reply
Thanks
Anthony

Hey thanks for the post. I am not good with making ea at all. I like to put fixed stops in for the reason that I have lost a ton of money because I allowed the market jump on me one time, and it put in me the red -245 pips one time. So having that fixed stop to me is a safety net. May I ask why you do not use stoploss orders? I try to carry my trade as far as I can, but most often then not I do what I call a trade and forget. Let it ride, and I feel confident that the system will either hit +25 or -25. If you know anyone that is good with ea, I would encourage them to develop one for this, but as for me I am not good with ea's at all. Let me know if you have any other questions Anthony.
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  • #370
  • Nov 1, 2009 2:24pm Nov 1, 2009 2:24pm
Quoting maccanz
thanks for sharing the method; looks nice and simple
a)trades with major trend
b)has momentum and other technical logic

issues i see are the ability to trade 24 hrs and/ or monitor the method other than that...it seems simple and therefore viable...will start monitoring real time...i am uncertain however on how to upload charts

cheers and thanks

macca
Yeah I know, this is the true challenge for this system is that you are only going to catch so many signals, at very few times per week. If the pairs are in a low strength trends or stuck in ranging motion, then this method does not produce well, like it did last week. However I try my best to take approiate times away from trading...like sleep;work;hiking;out to eat...things of that nature. This usually happens at low volatile times, usually non EURO/UK/USA session. However as you can see from this thread, that I will take every valid entry, during anytime. Through probability I will come out ahead. Missing signals will evidently be the most costly aspect to me.

I think Psycic put it well in an earlier post..... if you treat this like a full time job then it will be like having a full time career... something like that.

So as you can see on a day to day basis I will be on as much as I can and I will take live trades, and give my perception as to what my basis and convictions are when taking live trades.

However thank you for posting, and I hope that you do well in your forex adventures, and if you want any part of the raz method, feel free to give it a try on either demo or micro lots untill you feel comfortable and I will always be here like some others to help assist or give our best opinions.
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  • #371
  • Nov 1, 2009 11:37pm Nov 1, 2009 11:37pm
Ok this will be the third week, we can only hope that we have some nice trends that are going to happen all week. I am looking to get two my second month goal by the end of this month. I started this project the middle of last month. Now I have a full month to rebound. Last week was a big bummer for me, missed all the winnig entries, however this week I am going to bare down and fight through it to make sure that I am up and ready for all sigs.


CURRENT STATS:
WEEKLY TRAIL:
0 WINS (0 MISSED)
0 LOSSES (0 MISSED)
EARNED THIS WEEK $0.00
MONTHLY TRAIL:
STARTING BALANCE $395.92
MONTHLY GOAL $484
CURRENT BALANCE $395.92 (0% OF C.M.G)
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  • #372
  • Nov 2, 2009 1:09am Nov 2, 2009 1:09am
I am posting all live trades on the forum still, and will keep upto date my stats, and will answer anyone's questions. However if anyone wants upto minute analysis on the trades as we do them live, join me on the live messenger. Click on my name and PM and I will respond. the more that are involved, the better
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  • #373
  • Nov 2, 2009 1:28am Nov 2, 2009 1:28am
Quoting raz
I am posting all live trades on the forum still, and will keep upto date my stats, and will answer anyone's questions. However if anyone wants upto minute analysis on the trades as we do them live, join me on the live messenger. Click on my name and PM and I will respond. the more that are involved, the better

Rightly said!! live is the way to do it...
  • #374
  • Nov 2, 2009 7:48am Nov 2, 2009 7:48am
testing the 1.6350-1.6340 area. If it breaks cleanly through, then you will probably have a drop off, however major support area there.
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  • #375
  • Nov 2, 2009 12:18pm Nov 2, 2009 12:18pm
Typical start of the week, no valid signals as of last night. I am currently at my work, and will be here for the next 8 hours. If any signals do come up, I will back test them and post them here. See you guys tonight
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  • #376
  • Nov 2, 2009 4:38pm Nov 2, 2009 4:38pm
Raz, would you have taken this trade?
Attached Image
I feel more like I do now than I did a little while ago...
  • #377
  • Nov 2, 2009 7:54pm Nov 2, 2009 7:54pm
Quoting danatisgi
Raz, would you have taken this trade?

I just got home from work. I just looked back on this trade, and according to my system, and would have taken it. HOWEVER it is a bank holiday for the JPY, so gotta becareful when taking a trade that the economy is on holiday, the volatility is going to be very off. Knowing myself, if no holiday then I would have taken it, only to lose out on this trade.
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  • #378
  • Nov 2, 2009 9:00pm Nov 2, 2009 9:00pm
Thanks, Raz. I thought i read it correctly, based on the chart, but you are right...should have paid attention to "Holiday".
I feel more like I do now than I did a little while ago...
  • #379
  • Nov 2, 2009 9:18pm Nov 2, 2009 9:18pm
Quoting danatisgi
Thanks, Raz. I thought i read it correctly, based on the chart, but you are right...should have paid attention to "Holiday".

no problem bro, i have had my misfortunes when taking trades on holidays, only to wonder, why is the pair just sitting there. Yeah bank holidays are very tricky. But good job catching that signal..
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  • #380
  • Nov 2, 2009 10:19pm Nov 2, 2009 10:19pm
Pass this trade up, histogram flipping the 0 line, and the adx yellow line was low. I used judgement and non high trading session, to pass the trade up
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