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2wkand4wk line Trading system

  • #1
  • First Post: Feb 23, 2010 10:32pm Feb 23, 2010 10:32pm
Hi all 2wkand4wk line Trading system

Original System is base on attached Article 4wk rule

Time Frame 15 M TF

This system is only using 2 line (2MA and 4MA) from the weekly chart
2 wk line and 4 wk line as the line on the 15M TF

Only Entry Buy or Sell when Price break 2wk line
Only Entry Buy or Sell when Price break 4wk line

Only Entry Buy or Sell when Price break previous 2wk
Only Entry Buy or Sell when Price break previous 4wk

SL 1/3 area from distance of Higher/Lower Price to 2wk line and 4 wk line

Using the Volume as the filter to measure the momentum of the valid breakout of the 2and4wk line

Keeps it the simple trading system and get the maximal profit


Cheer
my30marahaba
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1eu.gif Size: 28 KB
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Click to Enlarge Name: 1gj.gif Size: 34 KB
Click to Enlarge Name: 1gu.gif Size: 29 KB
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Attached File(s)
File Type: pdf 4weekrule.pdf   238 KB | 11,037 downloads
  • #2
  • Feb 23, 2010 11:42pm Feb 23, 2010 11:42pm
Long usdcad @ 2 PO SL - 50 from entry
Attached Image (click to enlarge)
Click to Enlarge Name: 1usdcad.gif Size: 35 KB
  • #3
  • Feb 24, 2010 1:00am Feb 24, 2010 1:00am
USDCHF Waiting to the entry long
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Click to Enlarge Name: 1usdchf.gif Size: 30 KB
  • #4
  • Feb 24, 2010 1:45am Feb 24, 2010 1:45am
Can you post the indicators and template you are using on the screenshots you posted? Thanks.
  • #5
  • Feb 24, 2010 4:07am Feb 24, 2010 4:07am
Quoting johto
Can you post the indicators and template you are using on the screenshots you posted? Thanks.
Dear Johto,

1st try to read the article and understanding the concept inside it, and the indi actually allready have been inside your MT4, This is a way that you to know how to get the FISH just Keep it the simple system and lets the market talk when, why and what should you do on the future ......

Cheer,
My30marahaba
  • #6
  • Feb 24, 2010 9:33am Feb 24, 2010 9:33am
I don't understand.

I understand the pdf, but I don't understand what you are doing.
Which indicator are you using?

You say you are using 2MA and 4MA, but that's not what's on your chart, at least they do not appear to be moving averages.

The pdf describes a Donchian breakout system. There is a Donchian indicator in MT4, but there is no way to show the 2Week and 4Week Donchian on a 15M chart, that I am aware of.
  • #7
  • Feb 24, 2010 11:00am Feb 24, 2010 11:00am
Hi,

I understand that, we need to draw the 2 and 4week high and lows lines... then why are you saying in your first post, its a Moving Average... didnt get....

Can you please explain us please... Or you are saying if I draw 2 and 4 period mvg avg on weekly chart, they acts as required....
  • #8
  • Feb 24, 2010 6:42pm Feb 24, 2010 6:42pm
Quoting my30marahaba
USDCHF Waiting to the entry long

USDCHF entry long @ 2 PO today
Attached Image (click to enlarge)
Click to Enlarge Name: 2usdchf 25.02.2010.gif Size: 34 KB
  • #9
  • Feb 24, 2010 7:00pm Feb 24, 2010 7:00pm
Quoting reachjj
Hi,

I understand that, we need to draw the 2 and 4week high and lows lines... then why are you saying in your first post, its a Moving Average... didnt get....

Can you please explain us please... Or you are saying if I draw 2 and 4 period mvg avg on weekly chart, they acts as required....

Hi reachjj and billbss
Pls read carefully of the line of 2and4wk line


This system is only using 2 line (2MA and 4MA) from the weekly chart
2 wk line and 4 wk line as the line on the 15M TF

Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2and4wkline1.gif Size: 15 KB
Click to Enlarge Name: 2and4wkline.gif Size: 22 KB
  • #10
  • Feb 24, 2010 7:30pm Feb 24, 2010 7:30pm
Quoting my30marahaba
Hi reachjj and billbss
Pls read carefully of the line of 2and4wk line


This system is only using 2 line (2MA and 4MA) from the weekly chart
2 wk line and 4 wk line as the line on the 15M TF

correct me if i'm wrong
maybe what you mean for those 2&4 MA are by using MTF MA putting the TF period to 10080.would you be more detail what kind of MA [simple/xma/...?]
Don't mind me.. i'm crazy
  • #11
  • Feb 24, 2010 7:41pm Feb 24, 2010 7:41pm
Now let see EU on the 15MTF 2and4wkline draw on the chart
This is the simple system just KEEP IT The SIMPLE SYSTEM

The success of this system is not about to using the indicator or the template on the screen shot, but how do you understand of the concept that in side the article

1. use the 2ma and 4ma on the weekly TF as the line inside your chart on the 15M TF ( Don't forget this, this is my view of this concept base on 4wk rule article)

2. Using the volume to be your filter to measuring the momentum of the PA in the market (Quality technical analysis requires the right tool for the
right job).

3. be the flexible with your simple system (Michale N Khan - Be flexible. Follow the “spirit of the law” rather than the “letter of the law.” In other words, do not be so strict with your rules that
you miss the trend. Set trendlines and patterns loosely so that they can describe what is really happening in the market. Strict construction may be right according to the textbook, but may produce unusable results)

4. and let the market talk (Michale N Khan, If you cannot determine if it is saying
up, down, or sideways using simple tools and unambiguous interpretation, then find another stock to analyze. If you force your analysis, you will, in effect, be telling the market what to do. The market is the boss, not you )

5. Keep It The simply system

Cheer & Good luck
My30Marahaba
Attached Image (click to enlarge)
Click to Enlarge Name: 2and4wkline 15m.gif Size: 27 KB
  • #12
  • Edited 8:16pm Feb 24, 2010 7:48pm | Edited 8:16pm
Quoting purevenom
correct me if i'm wrong
maybe what you mean for those 2&4 MA are by using MTF MA putting the TF period to 10080.would you be more detail what kind of MA [simple/xma/...?]
you can using them in your chart as long as that is 2MA and 4MA line
there is no specification to using sma,ema or smma so you could be using them sma line or ema line or smma line this is could help you to make a simple decision and your simple analyst try to make your own style base on this cheer and good luck
  • #13
  • Feb 24, 2010 9:20pm Feb 24, 2010 9:20pm
I see what you're doing, now. It isn't at all the system described in the pdf.

The pdf. is 4 week Donchian break out.

You take the Highest High and Lowest Low of the last completed 4 weeks and that is your channel.

If price goes above the channel you buy.
If it goes below the channel, you sell.

You can use the 2 week channel as a SL, if you want.

What you are doing isn't even similar to that.

If what you're doing works, great, but it has nothing to do with your pdf. you posted.
  • #14
  • Feb 24, 2010 9:52pm Feb 24, 2010 9:52pm
Quoting billbss
I see what you're doing, now. It isn't at all the system described in the pdf.

The pdf. is 4 week Donchian break out.

You take the Highest High and Lowest Low of the last completed 4 weeks and that is your channel.

If price goes above the channel you buy.
If it goes below the channel, you sell.

You can use the 2 week channel as a SL, if you want.

What you are doing isn't even similar to that.

If what you're doing works, great, but it has nothing to do with your pdf. you posted.

Hi billbss,

I have told and write in the 1st posted

The Original System is base on attached Article 4wk rule

and also

1. use the 2ma and 4ma on the weekly TF as the line inside the chart on the 15M TF ( Don't forget this, This is my view of this concept base on 4wk rule article)

cheers
my30marahaba
  • #15
  • Feb 24, 2010 11:15pm Feb 24, 2010 11:15pm
Quoting my30marahaba
Long usdcad @ 2 PO SL - 50 from entry
Please post the indicators for the 2w and 4w high and low.
Thanks
  • #16
  • Feb 24, 2010 11:36pm Feb 24, 2010 11:36pm
Quoting my30marahaba
USDCHF entry long @ 2 PO today

hi all,

Yesterday i post of usdchf http://cdn.forexfactory.com/attachment.php?attachmentid=425710&d=1266994811

enclosure the updated of usdchf entry Long @2 PO this morning
see the good result
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2usdchf 25.02.2010.gif Size: 34 KB
Click to Enlarge Name: 3usdchf 25.02.2010.gif Size: 32 KB
  • #17
  • Feb 24, 2010 11:47pm Feb 24, 2010 11:47pm
Hi all,

I Recommend to read this article to support this 2and4wkline trading system
This tutorial was originally titled “A Technician’s Approach to Day Trading” and was recorded at the Online Trading Expo
Technical Analysis for Short-Term Traders - by Martin J Pring

Cheer and good luck
My30marahaba
Attached File(s)
File Type: zip [Trading eBook] Pring, Martin J. - Technical Analysis for Short-Term Traders.zip   1.8 MB | 613 downloads
  • #18
  • Feb 25, 2010 2:12am Feb 25, 2010 2:12am
gj using this system 2and4wkline trading system the result up to 3day
Attached Image (click to enlarge)
Click to Enlarge Name: gj 25.02.2010.JPG Size: 79 KB
  • #19
  • Feb 25, 2010 3:33am Feb 25, 2010 3:33am
Could you share your template and the week ma indicator,thanks
  • #20
  • Feb 25, 2010 6:38am Feb 25, 2010 6:38am
I hope we will get more informations!
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