1M / 5M RSG System

I don't argue with you. But I give just my own comments. There are very little timeframes, the price movements are quite rapid. So, you should consider that fact.

I give the continuation of the previous price movement.

Hi guys,

Have bought 1 lot EU at 1.4428 with 10 pip SL based on 5M GO signal, see below picture.

Will post results.

Kirk.

I am thinking about rethinking my SL procedure, as I have been getting stopped out a little bit the last few days, as the market is spiking a lot more than usual.

Thinking of positioning SL 10 pips or so BELOW or ABOVE the 144EMA, if price is close to this when the GO signal is triggered.

Will trial and post results - anybody want to suggest something? Be my guest!

I want to correct a little bit: I use on the charts 8 and 21 EMAs (but not SMAs).
Well, there is a contituation of comments on EURJPY scalping (perhaps, that information could be joined somehow to 1M / 5M RSG System for further modifying it).

Has anyone tried trading the cross of a 1 & 2 ema on a 1 min time chart?
have attached an ma cross indicator

Add a 34 LWMA HiLo Channel and 5EMA, that should take out some whipsaws whilst catching the big moves, enter in and out of the 5 and 8 cross...

how are your trades today? i found it a difficult day, although maybe you caught some pips, could you please post them? thanks

and which exit do you personally prefer?

Hi guys, sorry no time lately to be following up with this thread.

New trade taken GBPUSD at 0040 (I know, not EU but trying something new).

1 lot sold at 1.6328 with 10 pip SL. Will post results.

Fellow traders,

There are a good days to trade with MACD and, what is normal, the bad days too. Like in life
I use "Dinapoli like" MACD (7,19,7) on m15 chart eur/usd and two main moving averages for quick scalp: ema8 and ema21 (the most important MA for trend identification).

Well, what can I say. I try to reach +12, +15 pips TP each quick trade signal on MACD. Belive me, on some days it works perfectly (8.00am - 4pm CET about 3-4 signals on m15) and I have 25-50 pips a day, on some days (like yesterday) two SL and on TP and almost -3% on deposit
The most important thing is a trend identification but belive me, in ranging markets you'll always buy a peak and sell the bottoms :/

Best regars and many pips,
Jarek

that was a great trade kirk, it developed very well, although were not during trading hours, i guess i have seen you taken this time before, anything special?
are you taking any trades in london and ny session today,

here is one i saw, but i am not sure at the exit, because i think i see two divergences, so if i exit in the first one, and then reentry in the second i could be easily hit in the sl, but then i could exit in the second, or even i could hold it guided by the green macd, what is the best to do in this case? and thanks a lot for sharing

Hi,
I have been using this system live on Eur/Usd for the past two weeks after back testing it. and used it on my live account, Wining ratio is about 62% based on +10/-10. and bagged 228ticks. only trading in US market time only. Thnx Kirk for the gr8 system.

Regards!
Khawaja.

Hello,
I´m new here and i have been studying the forex market and to build a strategy with high accuracy to bet in fixed odds.
the betting in my focus is a very very short term, where we can win if the chart goes to the right direction of our prediction at the end of the time we choosen before; the time can be 30 seconds up to 4 minutes.

I´m trying to use a strategy for not be just a gamble.

i would like some suggestions about which indicators that can help to place a bet with the right prediction.
I´m using the metatrader to monitor the charts, then in the right time, i place the bet in that site.

Thanks!

today is martin luther kings so usa is off but i am watching london, yesterday sunday the system signaled a clear short for 20 pips even with divergence, thanks a lot for sharing kirk and how would you say is your winning ratio so far?

Thanks for your msg blanca. The system is not perfect but it does snag a few pips if you keep your eyes open. I am still working on improving it and need other people to assist me with their suggestions also, so if you have any ideas, let's hear them!

I am glad you are earning pips using my system though, that is very encouraging for me. In terms of my own winning percentage, I am a little over 80%, which is great. But I have been developing this system slowly over a long time, so the system itself is a reflection of my own understanding of shorter term market behaviour. This system will not make sense to anyone who prefers to think longer term.

I wish you continued success, and please post your thoughts and ideas if you have any in the future. Thanks for your post.

Thanks for testing my system, although I consider you braver than I for testing it on a live account. I always recommend trialling a new system on demo until you are absolutely comfortable with it, then go live.

Having said that, you appear to be doing well, which is great. If you have any suggestions for improvements, I would be interested in hearing them.

All the best with your trading future, khawaja!

I live in Australia, and take trades based on when I feel awake or ready to go to sleep, lol. I find it difficult staying awake until the US session opens, which is early morning my time here...I am happy to snag a few pips from the UK open, but as I work also and have to start early each morning, I don't stay up too late.

Regarding those exits you identified, there is nothing wrong with any of them; it all depends on your appetite for risk, and whether you have any solid reasons for staying in the trade longer, i.e. look at price action, support / resistance levels, fib levels, candle formations etc. It is a lot more than what I mention in this system, but this system is mainly for scalping the shorter time frames. If I want more pips then I need more information to be showing than just a few basic indicators.

If it were me and I was testing this system out for the first time, I would be happy snagging 5 pips here, 10 pips there, or more if the trade offers it. But at the very least I would allow myself plenty of time getting to know the system and how the market behaves when price is at the signal levels that I mention. This can tell you a lot if you spend the time.

A great thing to really push your learning along is to download OANDA platform, place the EMA's on the 5 SECOND screen and watch the behaviour that way. It is identical to any other timeframe, but because it occurs at a much quicker rate, you get to see the signals develop quicker and learn about the price action at these levels quicker also.

Give it a try, you'll be amazed at how obvious these signals are on such a small timeframe. Once you trust the signals on a 5 second TF, you can transfer this to a 1 minute TF until you see the patterns at the slower rate, and then check out the signals on the 5 minute TF, and see exactly the same behaviour occur at this slower rate again, and so on.

Market behaviour and its' subsequent patterns are so similar in nature regardless of the TF you are viewing. But you can't get to see this quickly by looking at daily and 4 hourly time frames. Even hourly and fifteen minute time frames are too long to really see the patterns develop in front of your eyes while staring at the screen. My thoughts? Start small and work big.

Anyway, enough rambling from me for tonight...I hope people actually understand what it is that I am rambling on about! It makes perfect sense to me, but translating that for others can be more difficult.

thanks a lot kirk,

i like it a lot but today i know we are in holiday so market is not moving much, anyway i was here looking and i saw around 6 signals in euro, all failed, so lets imagine we have a normal day just like today, totally sidetrend, how do you manage kirk to avoid so many losses in a sidetrend day? thanks.

Hi again, basically because there is a US day off there will be less liquidity in the market, so I will not trade until things get back to normal. Take the day off, come back tomorrow and see if the signals are working again when the market becomes more volatile.

thanks a lot kirk nice answer, more or less how many pips in average you can get using your system per month? thanks.