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BEEJAY Trading System

  • #21
  • Jan 6, 2010 9:06am Jan 6, 2010 9:06am
Quoting wwwin
WOW, 5K pips per month, and is so simple, now why didn't I think of that earlier...I am giving my resignation today so that I can trade full time.
Yea, thick with sarcasm and he can't even read.
  • #22
  • Jan 6, 2010 9:09am Jan 6, 2010 9:09am
Quoting stevegee58
Sorry, Ken Wood ("Woodie") ruined CCI for me.
how did he ruined it for you. i have readsome of his book but i dont use his method of using cci maybe because i wanted to create my own reading
  • #23
  • Edited 9:17am Jan 6, 2010 9:10am | Edited 9:17am
First Thank you.....

Here are some questions.

1. SMA is simple right not smoothed

2. What do you mean by this?..2) if all the requirement is meant for the trade, the next thing to watch for is the deviation of the PA from the MA crosses

3. Have you looked at win loss ratios and or r/r with placement of stops and TP's?

4. Where are you putting stops?

5. What if we get the MA crossover after the CCI's and the RSI have already crossed a couple candles ago

THANK YOU again for your time
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  • #24
  • Jan 6, 2010 9:15am Jan 6, 2010 9:15am
Can i know--->
1. What Time frame is better?
2. Which currency more suitable for you system? GJ ? GU? EU?
3. Setting for EMA8(blue), SMA26(red),CCI55(with zero as centre readin),CCI34(with zero as centre reading),and RSI26(with 48 as centre reading) all is APPLY to CLOSE?
  • #25
  • Jan 6, 2010 9:15am Jan 6, 2010 9:15am
Quoting beejay
how did he ruined it for you. i have readsome of his book but i dont use his method of using cci maybe because i wanted to create my own reading
Woodie's CCI patterns don't work.
  • #26
  • Jan 6, 2010 9:18am Jan 6, 2010 9:18am
Why do you say they dont work...maybe they will work in combination like this in a system??
  • #27
  • Jan 6, 2010 9:20am Jan 6, 2010 9:20am
Quoting jflor100
Why do you say they dont work...maybe they will work in combination like this in a system??
Because I spent about 3 years studying them.
They do not work.

This method is not using Woodie's patterns.
  • #28
  • Jan 6, 2010 9:26am Jan 6, 2010 9:26am
Quoting special0nefx
Can i know--->
1. What Time frame is better?
2. Which currency more suitable for you system? GJ ? GU? EU?
3. Setting for EMA8(blue), SMA26(red),CCI55(with zero as centre readin),CCI34(with zero as centre reading),and RSI26(with 48 as centre reading) all is APPLY to CLOSE?

u can use any time frame, but from my side, i use 15minute to scalp and 4hr+1hr for swing trading

it can be used to trade all currency but personally i use EU and AUDUSD for scalping and EJ and GJ for my swing. also i prefer to trade EJ on hourly time frames compare to GJ. i do all this to lower the volatility fobia
  • #29
  • Jan 6, 2010 9:32am Jan 6, 2010 9:32am
Quoting beejay
HERE ARE THE RULES

BUY

when EMA crosses SMA to the upside, CCI55 and CCI34 crosses the zero reading and RSI26 crosses the 48 reading

SELL

the reverse of buy

1) never take a trade if one of the indicators is doing otherwise of the other indicators

2) if all the requirement is meant for the trade, the next thing to watch for is the deviation of the PA from the MA crosses

3) neva take a trade with opposing candle ( i mean dont go long with a closed bear canndle and vice versa)
4) before taking a trade wait for the current candle...
When do you exit your trades?
  • #30
  • Jan 6, 2010 9:39am Jan 6, 2010 9:39am
Quoting lgtj
When do you exit your trades?
i use my discretion
basically if im trading 15tf, my target is always btw 20 to 30 pips depending on the PA and making 25pips a day shd give me my 500pips monthly

if im trading hourly chart, i target 100pips and 4hrs 200 to 500pips
  • #31
  • Jan 6, 2010 9:41am Jan 6, 2010 9:41am
OK, this is my first post so be gentle. I have successfully blown up countless demo accounts and 2 live accounts trying to find a simple system. I would appreciate any help in detailed explanations of the system when Bee Jay continues posting.
  • #32
  • Jan 6, 2010 9:54am Jan 6, 2010 9:54am
Quoting pipsneaker
OK, this is my first post so be gentle. I have successfully blown up countless demo accounts and 2 live accounts trying to find a simple system. I would appreciate any help in detailed explanations of the system when Bee Jay continues posting.

Set the template up like he prescribes and open another chart which is naked and just study them both. Your answer doesn't lie in a forum, it lies within u and within the charts
  • #33
  • Jan 6, 2010 10:00am Jan 6, 2010 10:00am
Nice simple system beejay. Simple rules for entry. Will test on 4hr chart.
txtaz
  • #34
  • Jan 6, 2010 10:00am Jan 6, 2010 10:00am
yeah indicators. i know i will be criticized but one thing i know is that if ur system is profitable you wont be here looking for another system.systems are useless that's my point. methodologies are not, and mine's fine thanks although quite mentally draining

one thing i have realized trding this market is that dont care what the market will do,only care what the market is doing, and u can only get that with accuracy by using indicators, im stand to be corrected or critisized. good i dunno why was just expecting a price action approach from u based on the other thread. Indicators are based on price, which is your best indicator, they manipulate price and in this case CCI reduces market to a nonsensical oscillation, which I'm sure you don't believe. It is impossible for price to move in an oscillation that can be mapped so simply

i dont want to make a million pip, all i want is my monthly 500pips, so i dont care what u think or know good i want that for u 2

sorry about my reply mate, but ur post was rude sorry I was rude just had an urge to express my only thought at the time. that and that your name stands for something real good
  • #35
  • Jan 6, 2010 10:02am Jan 6, 2010 10:02am
Quoting Sim
Set the template up like he prescribes and open another chart which is naked and just study them both. Your answer doesn't lie in a forum, it lies within u and within the charts
I would agree...but the talk of easy money is enough to delude people to think that the holy grail has been found...if it only were that easy. The proof is in the pudding...I have heard and seen this same rhetoric time and time again with the same results. Market trends and ranges, and what's good for the goose is not good for the gander.
  • #36
  • Jan 6, 2010 10:09am Jan 6, 2010 10:09am
Quoting Sim
Set the template up like he prescribes and open another chart which is naked and just study them both. Your answer doesn't lie in a forum, it lies within u and within the charts
Then what are you doing here?
  • #37
  • Jan 6, 2010 10:20am Jan 6, 2010 10:20am
plausible selective reading...read what I said, I trade m1 only and keep to undertrading otherwise it all goes shitfaced
  • #38
  • Jan 6, 2010 10:24am Jan 6, 2010 10:24am
Quoting wwwin
I would agree...but the talk of easy money is enough to delude people to think that the holy grail has been found...if it only were that easy. The proof is in the pudding...I have heard and seen this same rhetoric time and time again with the same results. Market trends and ranges, and what's good for the goose is not good for the gander.
exactly, I wish I had someone to tell me that when I started. obviously you can predict what level people like Bill are at who are unable to fathom the idea
  • #39
  • Jan 6, 2010 10:45am Jan 6, 2010 10:45am
hi beejay and thankx

where is u r SL point???
  • #40
  • Jan 6, 2010 10:46am Jan 6, 2010 10:46am
Quoting txtaz
Nice simple system beejay. Simple rules for entry. Will test on 4hr chart.
best on four hours and one hour time frame
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