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Attachments: GU Intraday System
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GU Intraday System

  • #281
  • Quote
  • May 12, 2010 1:07am May 12, 2010 1:07am
Quoting okehiedon
Well done fxrambo I see you have adopted the system to suit your style. I think the system has proved itself. It is left for us the traders to follow the signals and not let emotion ruin your trades. Just look at your charts and see how it caughts all those beautiful swings coupled with the pivots and reversal candlesticks. I think we are going to be very rich by the end of this year. All we need to do is avoid greed and overtrading. Welldone guys
the only one thuing remaining is for me to learn about candlesticks i hope u will update me on this sir
  • #282
  • Quote
  • Edited 3:39am May 12, 2010 3:15am | Edited 3:39am
ok today i entered my tradings @7.30 and i got +25,+6,+12,+13,+15,+33the makret seems slow today.but this i closed earlier becos on obos signal on 15min chart of which chart continued going up.wat i learnt here i think i lacked patience today and my tp was 4980 based on 4hr but look i went out @ 4924
  • #283
  • Quote
  • May 12, 2010 4:20am May 12, 2010 4:20am
My trade on GBP/USD - profit of +90 points! Thanks the author of trading system!
Attached Image(s) (click to enlarge)
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  • #284
  • Quote
  • May 12, 2010 4:34am May 12, 2010 4:34am
Quoting Arnej
My trade on GBP/USD - profit of +90 points! Thanks the author of trading system!
wow that good i can see u took the same place i started my pos @ 7.30 but today i followed the obos so i closed early

thanx to the author
  • #285
  • Quote
  • May 12, 2010 6:15am May 12, 2010 6:15am
i short gu again at 11.30 and got +50,+51,+52 this timer i based it on 30min chart and took pos on 15min.now am waiting for long or a retracement for me to short cos 30min chart the cross over have just happen but the candle is too big so may be i wait 4 retracement or another bullish crossover
  • #286
  • Quote
  • May 12, 2010 3:56pm May 12, 2010 3:56pm
Okehiedon,

I notice that OBOS indicator on M30 repaint. It displays many arrows when market going one way. How do you deal with this? How can you tell which one is the real arrow for OB or OS?

THanks.
  • #287
  • Quote
  • May 12, 2010 6:25pm May 12, 2010 6:25pm
Quoting fxrambo
wow that good i can see u took the same place i started my pos @ 7.30 but today i followed the obos so i closed early

thanx to the author

Sorry I was not around all day had some domestic issues to sort out which would take me to next week. Now do not use the OBOS on anything less than the 30 min CHART. It would give signals when price is overbought/oversold (Take note EA Trader). Which means a trade is possible. Then you look at the other indicators to enter. The OBOS is sort of a warning signal.
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  • #288
  • Quote
  • May 12, 2010 6:29pm May 12, 2010 6:29pm
Quoting EATrader
Okehiedon,

I notice that OBOS indicator on M30 repaint. It displays many arrows when market going one way. How do you deal with this? How can you tell which one is the real arrow for OB or OS?

THanks.
That is not repainting in the actual sense. When it appears on the first candle it would continue to appear on subsequent candles to show the overbought/oversold conditon. Should not be used in less than 30 min tf and more reliable on the 4hr tf. Do not trade off the OBOS alone it gives a heads up since it has an alert. Combine it with other indys and you would be fine. Please carefully read the pdf and my posts on how I use it.
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  • #289
  • Quote
  • May 13, 2010 1:37am May 13, 2010 1:37am
Quoting okehiedon
Sorry I was not around all day had some domestic issues to sort out which would take me to next week. Now do not use the OBOS on anything less than the 30 min CHART. It would give signals when price is overbought/oversold (Take note EA Trader). Which means a trade is possible. Then you look at the other indicators to enter. The OBOS is sort of a warning signal.
point taken sir
  • #290
  • Quote
  • May 13, 2010 1:43am May 13, 2010 1:43am
Quoting winsteadglenn
Thanks to Okehiedon. I am shocked at how good your systems are!
Thanks winsteadglenn for the compliment, All you need is to obey the system rules and ensure that your emotions do not get in the way.
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  • #291
  • Quote
  • May 13, 2010 2:50am May 13, 2010 2:50am
Quoting okehiedon
Thanks winsteadglenn for the compliment, All you need is to obey the system rules and ensure that your emotions do not get in the way.
i took the the long position on 15min after seeing the retracement and on 1hr the bulls we already crossed the gann and sma i got small profit of +17,+15,+13pips.this r demo only untill i get the system well.

now looking 4hr cchart i see it struggling to cross if it does i will long gu high high
  • #292
  • Quote
  • May 13, 2010 6:29am May 13, 2010 6:29am
Quoting fxrambo
i took the the long position on 15min after seeing the retracement and on 1hr the bulls we already crossed the gann and sma i got small profit of +17,+15,+13pips.this r demo only untill i get the system well.

now looking 4hr cchart i see it struggling to cross if it does i will long gu high high
Fx Rambo which of the systems are you trading. If it is the GU intraday system you do not need all those analysis. Just stick with the 15min gann system (7am -11 gmt) on GU. Do not bother about all other timeframes. All you need to do is zoom out and the major support and resistance levels would be clearly seen. Look at the power of the pivot points how price respects them (see the chart below)


For current market conditions, First take profit target is 40 pips (move stop to BE) and let the other run to the closest pivot/sup/res level between 80 to 100 pips from your entry.

My trades today, First entry was a loss I entered long at 0700gmt, and did not look at the overbought stoch posn( was thinking if price breaks the pivot it would keep going, (impulse quick fingered trade) and it did not give me my 40 pips (blue horizontal line). Reversed the trade (red horizontal line) as indicated in the rules took profit at MS2. Made my daily profit goal and going out to do other things. Please avoid overtrading have a daily profit goal and also maximum daily loss. Any thing above that is overtrading and not good for you.
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  • #293
  • Quote
  • May 13, 2010 7:52am May 13, 2010 7:52am
Quoting okehiedon
Fx Rambo which of the systems are you trading. If it is the GU intraday system you do not need all those analysis. Just stick with the 15min gann system (7am -11 gmt) on GU. Do not bother about all other timeframes. All you need to do is zoom out and the major support and resistance levels would be clearly seen. Look at the power of the pivot points how price respects them (see the chart below)


For current market conditions, First take profit target is 40 pips (move stop to BE) and let the other run to the closest pivot/sup/res level between...
ok sir i will stick to time and the chart sir
  • #294
  • Quote
  • May 13, 2010 2:53pm May 13, 2010 2:53pm
All that would be needed for the fifteen and thirty would be time of trade options and the Gann /SMA crosses for entry and exits. From there, one could use Steve Hopwood's Trade Management EA for TP and SL, etc.
  • #295
  • Quote
  • May 14, 2010 2:40am May 14, 2010 2:40am
Quoting okehiedon
Fx Rambo which of the systems are you trading. If it is the GU intraday system you do not need all those analysis. Just stick with the 15min gann system (7am -11 gmt) on GU. Do not bother about all other timeframes. All you need to do is zoom out and the major support and resistance levels would be clearly seen. Look at the power of the pivot points how price respects them (see the chart below)


For current market conditions, First take profit target is 40 pips (move stop to BE) and let the other run to the closest pivot/sup/res level between...
hi again sir
i followed ua advise above and @least today i maximized the profit and something funny i had 7pos opened@ exactly formation @ 7.30 and i got each 30pips.i rode to s1@4571 sir on 15min chart i didnt look @ anything this time.
thanx alot and keep on teaching us sir ua help is much appreciated.and u stoch indi.looks good with those red can u share it sir
  • #296
  • Quote
  • May 16, 2010 7:14pm May 16, 2010 7:14pm
Quoting winsteadglenn
All that would be needed for the fifteen and thirty would be time of trade options and the Gann /SMA crosses for entry and exits. From there, one could use Steve Hopwood's Trade Management EA for TP and SL, etc.

Winsteadglenn, which EA are you talking about?
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  • #297
  • Quote
  • May 16, 2010 7:18pm May 16, 2010 7:18pm
Hello okehiedon,

Glenn is referring to the trademanager ea by steve hopwood located
in this thread http://www.forexfactory.com/showpost...99&postcount=1[

It is really a good trade manager ea if you have to be away from your trade for any length of time.

Regards,
Jeff

quote=okehiedon;3728272]Winsteadglenn, which EA are you talking about?[/quote]
  • #298
  • Quote
  • May 16, 2010 7:22pm May 16, 2010 7:22pm
Quoting fxrambo
hi again sir
i followed ua advise above and @least today i maximized the profit and something funny i had 7pos opened@ exactly formation @ 7.30 and i got each 30pips.i rode to s1@4571 sir on 15min chart i didnt look @ anything this time.
thanx alot and keep on teaching us sir ua help is much appreciated.and u stoch indi.looks good with those red can u share it sir
Well done fxrambo. You are learning fast. The entries are quite simple all you need in the long run is to adjust your Take profit targets based on ATR. For example, the last 2 weeks were quiet volatile were you could hit targets of 150 -180 pips (of course loss the same instantly). Presently I use a conservative 40 pips first target and let the other lot run to a minimum of 80 pips.

Okay here is the stoch indy.
Attached File(s)
File Type: ex4 Stochastic Slope.ex4   4 KB | 525 downloads
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  • #299
  • Quote
  • Edited 3:23am May 17, 2010 2:51am | Edited 3:23am
Quoting okehiedon
Well done fxrambo. You are learning fast. The entries are quite simple all you need in the long run is to adjust your Take profit targets based on ATR. For example, the last 2 weeks were quiet volatile were you could hit targets of 150 -180 pips (of course loss the same instantly). Presently I use a conservative 40 pips first target and let the other lot run to a minimum of 80 pips.

Okay here is the stoch indy.
thnx for the indi.ok about the atr how do u use ATR to determine ua profit target sir.i have read pg 14 everyday on the adr information u posted but am not getting it.if possible explain it with a chart?
another question my rmup and rmdn when u said if it shows negative did u mean that ATR as on chart should have eg-30 or when it is red?cos to my chart i havent seen it displaying negative figure but it only show red and green.i hope u understood my question sir
  • #300
  • Quote
  • May 17, 2010 10:46am May 17, 2010 10:46am
Mot a good day at the office today.

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