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Very Profitable System - Roi system

  • #201
  • Jan 22, 2010 1:39am Jan 22, 2010 1:39am
hi KP!

you have good trades going I dont watch AUDUSD but I quickly applied the template on it. good trades but I would have been long AU @ 0.90442 i.e. 5 pips above MTF SR line

its not a rule that you must be in on 5 pips break, it depends on what is comfortable for you. but me I like early in early out, if its going to work, work now and if not fail now and let me move on.

what I am saying is if you go in quick you catch you 10 or 20 fast

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #202
  • Jan 22, 2010 1:43am Jan 22, 2010 1:43am
but how come ur resistance for AUDUSD is difference from mine? my resistance for AUDUSD is 0.9052
  • #203
  • Jan 22, 2010 1:49am Jan 22, 2010 1:49am
hi KP!

if I were in those trades I would have banked my +30 pips from each of the trades entering @ 5 pips break, because GU has gone +45 and AU has gone +35. by now I will be waiting for another cross

Are you getting the gist or I am babbling too much

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #204
  • Jan 22, 2010 1:54am Jan 22, 2010 1:54am
did a long GBPJPY @ 146.94 and a short USDCHF @ 1.0392

i was thinking how come my resistance is different from yours...
  • #205
  • Jan 22, 2010 1:55am Jan 22, 2010 1:55am
hi kp!

You did not refresh the indi before going in, look at my AU chart 15mins

kos
Attached Image
John 3:16 - From THIS love no power on earth can me sever.
  • #206
  • Jan 22, 2010 1:57am Jan 22, 2010 1:57am
Hi Koso, how long have u been trading using this system? do you think that is more easy to use during Europe Session rather than US Session?
  • #207
  • Jan 22, 2010 2:03am Jan 22, 2010 2:03am
EJ +40 pips

kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #208
  • Jan 22, 2010 2:06am Jan 22, 2010 2:06am
I am using sr_KG_H1_H4_D1 indicator which suppose to auto refresh... i just try to do a refresh and still the same. look at my chart...

Quoting Kosomolate
hi kp!

You did not refresh the indi before going in, look at my AU chart 15mins

kos
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 153 KB
  • #209
  • Jan 22, 2010 2:14am Jan 22, 2010 2:14am
hi kp!

I have been trading like this since May 2009 on 1hr TF I just switch to 15min with this thread and I will trade like this for some times. I have tried several ways of trading but each time I keep coming back to this. cos this is the only way I close every week and month profitably

I start scanning for trade from 8am GMT+1 and close trading when I get 100pips or 3pm mid us session whether daily target met or not

hope I have answered your question

kos

ps: coders please bail me out of chart-watching
John 3:16 - From THIS love no power on earth can me sever.
  • #210
  • Jan 22, 2010 2:19am Jan 22, 2010 2:19am
Quoting KPForex
I am using sr_KG_H1_H4_D1 indicator which suppose to auto refresh... i just try to do a refresh and still the same. look at my chart...
KP
still a good trade anyhow. what of the other trades now you should be smiling I still use the MTF SR and like I said before I can handle the non refreshing issue by refreshing manually

I am ok for today 40pips done with big size

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #211
  • Jan 22, 2010 2:31am Jan 22, 2010 2:31am
Quoting Kosomolate
Hi kpforex

you cannot prevent this from happening, work on you MM and deal with FEAR, price will go where it chooses when it feels like doing so.

kos
Hi KP,
Kos is totally right. Unless you have massive (bank size) finances, you will not move the market.

Even sole professional traders who will trade millions would not be able to move the market in any substantial manner.

Do some backtesting, and find the s/l that you are comfortable with and the t/p per position that will produce an increase in your overall account balance.
This takes time.... and is as about as interesting as watching grass grow or paint dry.
It will also be different for each pair, but it is what will allow you to be sure of what you are trading.

IF doing this make sure you add the spread onto any stop loss pip values, and subtract the spread from any take profit pip values.
  • #212
  • Jan 22, 2010 2:31am Jan 22, 2010 2:31am
would u go short for USDCHF? cos i did at price 1.0392
  • #213
  • Edited 2:44am Jan 22, 2010 2:40am | Edited 2:44am
I dont know if there is another system easier than this in implementation and the profitability is good, unlike some system where you wait for 7 or more lines to cross or change colour and all kind of rules to confirm and take a trade.

This one you just watch for a break of a line and thats all. For example check the following charts and confirm this trades so far

AU has gone 50 pip this morning
GU 65
EJ 45
EU 20
GJ 50

230 pips by 9.30 am gmt+1

as I type, and imagine if one has taken all this and more or if there is an EA that does that and just take 20pip off these numbers, you say fantastic!

someone says its not blowing whistle or be as colourful as dog's breakfast, anyway I am just wondering why ppl are not here.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #214
  • Jan 22, 2010 2:43am Jan 22, 2010 2:43am
Quoting KPForex
would u go short for USDCHF? cos i did at price 1.0392
According to the system it should work....

BUT

1.0380 on the USDCHF is a key level that p/a could easily bounce off.

If you look on the daily chart, you will see a large number of recent candles (late last month and early this month) that used that level as support OR resistance.
Hence the possibility of a bounce.
As it has already hit 1.0386 or there abouts I would NOT be trading this one... (I believe it is better to stay out, personal opinion)
  • #215
  • Edited 3:33am Jan 22, 2010 2:58am | Edited 3:33am
Hey KPForex,

The indicator that I posted on THIS LINK for you, shows you the daily and 4 hourly s/r.

On the daily and 4 hourly s/r, they are much more likely to retrace a fair bit before going on the intended direction.
  • #216
  • Edited 4:14am Jan 22, 2010 3:46am | Edited 4:14am
It might be moving through this time....

But I personally find, that if it running into a H4 or D1 level, than it will often be better to wait for some retracement (espcially the first touch of the level).

Downside potential on the USDCHF is now approximately 1.0320 if it can close at its present level at 11:00 London time.
Upside potential on the EURUSD is now approximately 1.4260 - 1.4300 if it can close at its present level at 11:00 London time.
  • #217
  • Jan 22, 2010 9:52am Jan 22, 2010 9:52am
Quoting aquaart
Hey KPForex,

The indicator that I posted on THIS LINK for you, shows you the daily and 4 hourly s/r.

On the daily and 4 hourly s/r, they are much more likely to retrace a fair bit before going on the intended direction.
hi, i am currently using the link that u posted... but i only turn on H1, e rest i change the color to the back ground color... so how should i use e daily and 4 hours ? cos if too many colors, would be a bit blur...
  • #218
  • Jan 22, 2010 10:05am Jan 22, 2010 10:05am
dont u think that GBPUSD (attached) is a false alarm also? because it breaks the support (see the line). e H1 also break the support line...
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  • #219
  • Jan 22, 2010 11:00am Jan 22, 2010 11:00am
Quoting KPForex
dont u think that GBPUSD (attached) is a false alarm also? because it breaks the support (see the line). e H1 also break the support line...
Which support resistance indicator are you using? Is it one from this thread?
  • #220
  • Jan 22, 2010 10:30pm Jan 22, 2010 10:30pm
Quoting kennyjohnson
Which support resistance indicator are you using? Is it one from this thread?
yup.. is at post #215
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