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Attachments: The CARMEN System Indicator
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The CARMEN System Indicator

  • #481
  • Dec 1, 2009 4:03pm Dec 1, 2009 4:03pm
Quoting Jaula
What time frame do you use? I prefer using the 5 min tf and 1 hour.

I use 1 min (default setings), it was my first trade Using Carmen.
I caught a buy signal this morning around 7.00 am GMT while trading another strategy.
  • #482
  • Dec 1, 2009 4:06pm Dec 1, 2009 4:06pm
I start with the 15M, then use long term charts for confirmation, then look for entry on 15M. I tried pulling the trigger with 1M charts, but can't narrow it down enough to be profitable.
  • #483
  • Dec 1, 2009 4:10pm Dec 1, 2009 4:10pm
Settings for Carmen's indicator..
  • #484
  • Edited 4:13pm Dec 1, 2009 4:12pm | Edited 4:13pm
Quoting SkyzerFX
You guys must be geniuses, but so far I cannot find the way to trade

anything below 1H TF, too much noise, too many fake crosses

back and forth.. Also right now I'm mixing Carmen with different Indies..

Anything below 30M TF is Russian Roulette..

On live account I still using H4 to decide entry and M15 for better entry

NO stop losses for me. Never used them.
I've had a look at the 4 hour chart and I will consider it, your right about there being too many fake crosses, but that's part of the business, you have to accept a small loss like 10 pips and when the're not losses you could easily make around 100 pips and considering the indicator will easily bag you profits 80% of the time.

When it comes to stop losses, I think you have to use them, no matter how discipline you are, you never know, you might lose your control, your still human, with a stop loss you predefine a point where you accept it's not gonna go for you, this way there is much more control. But you've been round longer so I shouldn't be lecturing you
  • #485
  • Dec 1, 2009 4:19pm Dec 1, 2009 4:19pm
Skyzer if I were you just trade at a volatile time like london open, with a hard SL which aicccia tells us
  • #486
  • Dec 1, 2009 6:13pm Dec 1, 2009 6:13pm
Does anyone knows when the EA will be released???


Thanks in advance.
  • #487
  • Dec 1, 2009 7:03pm Dec 1, 2009 7:03pm
Quoting Ezzy
Hit TP, 68 pips in the bag http://cdn.forexfactory.com/images/icons/icon10.gif

Thanks aicccia!!
Hi Ezzy

can you please be kind enough to post your chart template with the indies you are using.

many thanks
  • #488
  • Dec 1, 2009 11:10pm Dec 1, 2009 11:10pm
Hi all,

WHats ur view on GU? Its showing a sell on my chart...any opinion?
  • #489
  • Dec 1, 2009 11:17pm Dec 1, 2009 11:17pm
Quoting astral77
Hi Ezzy

can you please be kind enough to post your chart template with the indies you are using.

many thanks
Astral, I'm not quite sure how to attach tpl and indies to a post, I can try, however I would like to first ask for Aicccia's permission given that this is his thread.

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #490
  • Dec 1, 2009 11:22pm Dec 1, 2009 11:22pm
Quoting Ibuks
Hi all,

WHats ur view on GU? Its showing a sell on my chart...any opinion?
Personally I am waiting for 1hr signal on GU, however that is only my view, I could be wrong. http://cdn.forexfactory.com/images/icons/icon12.gif

Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #491
  • Dec 2, 2009 1:05am Dec 2, 2009 1:05am
Quoting Ibuks
Hi all,

WHats ur view on GU? Its showing a sell on my chart...any opinion?
The sell signal would have been profitable, nevertheless, looking at the way GBPJPY is rising firmly, I'm waiing to go long. hopefuly for a loooooooooong way hehe.
Did you guys notice how Awesome crossed 0 the second time GBPUSD signalled short? It truely is helping me this indi, not perfect of course, but then again what is......
  • #492
  • Dec 2, 2009 1:05am Dec 2, 2009 1:05am
Short signal, entered. Anyone entering be careful, lots of support beneath.

Will post chart a little later.

Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #493
  • Dec 2, 2009 1:21am Dec 2, 2009 1:21am
Quoting Ezzy
Short signal, entered. Anyone entering be careful, lots of support beneath.

Will post chart a little later.

Ezzy
If you can see in my chart, the down move started off yesterdays high and it cross the chanel off daily open (levels of resistance), but there is also a bit of support Daily, weekly and monthly pivots, tight stop loss for me on this one.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 26 KB
What you do is a reflection of you....what I do is a reflection of me.
  • #494
  • Dec 2, 2009 1:26am Dec 2, 2009 1:26am
Quoting Ezzy
If you can see in my chart, the down move started off yesterdays high and it cross the chanel off daily open (levels of resistance), but there is also a bit of support Daily, weekly and monthly pivots, tight stop loss for me on this one.
Short it is Ezzy....if no bounce off the 6547, next target will be 6450.

I just woke up to initiate a position during london open, and this short looks like a good one. Good night, and happy trade.
  • #495
  • Dec 2, 2009 1:26am Dec 2, 2009 1:26am
Quoting Ezzy
Short signal, entered. Anyone entering be careful, lots of support beneath.

Will post chart a little later.

Ezzy
My first TP already hit on the short...am riding the second leg..... first TP was 30, took it from 1.6600 but with lots of caution...no risk, no gain....another accai winner...lol
  • #496
  • Dec 2, 2009 1:30am Dec 2, 2009 1:30am
Quoting Ezzy
If you can see in my chart, the down move started off yesterdays high and it cross the chanel off daily open (levels of resistance), but there is also a bit of support Daily, weekly and monthly pivots, tight stop loss for me on this one.
GBP is at the 38.2 retracement of yesterday's spectacular climb, be careful.If it breaks it it might go to the 50% but I'm not getting short just yet.
See, on a 1min short this short move would have been profitable no matter what, on a 1hour chart you might get in too late.
  • #497
  • Dec 2, 2009 1:34am Dec 2, 2009 1:34am
Look at the bounce from 6549...which way now??

Its always good to take profit on the way...no matter how small....lol
  • #498
  • Dec 2, 2009 1:36am Dec 2, 2009 1:36am
Quoting candletrader
Short it is Ezzy....if no bounce off the 6547, next target will be 6450.

I just woke up to initiate a position during london open, and this short looks like a good one. Good night, and happy trade.
Agreed candletrader, cheers mate, hopefully carmen will deliver.
What you do is a reflection of you....what I do is a reflection of me.
  • #499
  • Dec 2, 2009 1:40am Dec 2, 2009 1:40am
Quoting Ibuks
My first TP already hit on the short...am riding the second leg..... first TP was 30, took it from 1.6600 but with lots of caution...no risk, no gain....another accai winner...lol
Nice one Ibuks http://cdn.forexfactory.com/images/icons/icon14.gif
What you do is a reflection of you....what I do is a reflection of me.
  • #500
  • Dec 2, 2009 1:40am Dec 2, 2009 1:40am
Nice bounce off support...
Attached Image (click to enlarge)
Click to Enlarge Name: gu chart 021209.gif Size: 10 KB
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