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Kraven's 5minPA

  • #21
  • Jun 29, 2010 10:23pm Jun 29, 2010 10:23pm
there are 4 signal bars on 6 timeframes. do we need all 24 to be of same color to take signal (assuming momentum is also in same direction?)

how often we see all 24 agreeing ? is there a way we can take an 'aggressive' position when only some are in same color ?
  • #22
  • Jun 30, 2010 2:16am Jun 30, 2010 2:16am
Quoting roundrock
there are 4 signal bars on 6 timeframes. do we need all 24 to be of same color to take signal (assuming momentum is also in same direction?)

how often we see all 24 agreeing ? is there a way we can take an 'aggressive' position when only some are in same color ?
For best results all should be the same colour, this happens often (1min will flash about abit). You can jump in when ever it passes through 00 and the 1min, 5min and 15min are the same colour and still profit if you move your SL because our first target is 25pips but to hit 100pips you often need the long term trend to be in your favour.

Pipstalkers right (it also puts on 25/75). He's also right about these bouncing of these points hence my previous post about improved SL's being moved 10pips above/below. This will hopefully allow for longer and more profitable longer runs.
  • #23
  • Jun 30, 2010 2:24am Jun 30, 2010 2:24am
Anyone fancy attempting an EA for this. it has fairly simple rules.

If anything it'll help backtesting
  • #24
  • Jun 30, 2010 3:40am Jun 30, 2010 3:40am
looks like were stuck in the middle, could be a while before we see price go through 00.
If you look at GU now you'll see all bars are red and mom has dived down and so we get a long, fast, steady drop. just what were looking for. shame it's not through a 00 number
  • #25
  • Jun 30, 2010 4:09am Jun 30, 2010 4:09am
this is were it goes wrong as i'm posting liveish

4lots GU sell

risky as it's fell a fair bit already
  • #26
  • Jun 30, 2010 4:11am Jun 30, 2010 4:11am
GU, just down 1,5000 and all Signal Bars Red. Sell Stop at 1,4995...Letīs see what happens.... Good Feeling..
  • #27
  • Jun 30, 2010 4:22am Jun 30, 2010 4:22am
what new's did i miss?? just jumped out at -18x4
  • #28
  • Jun 30, 2010 4:23am Jun 30, 2010 4:23am
Ups, donīt pay attention to news.... Anyway, on demo but the system looks promising....
  • #29
  • Jun 30, 2010 4:25am Jun 30, 2010 4:25am
CPI Flash Estimate, at 11h00, donīt move till 11h30...
  • #30
  • Jun 30, 2010 4:33am Jun 30, 2010 4:33am
Caillou, it wasn't the new's it was because i posted a live trade on here...kiss of death, i'll not do it again
  • #31
  • Jun 30, 2010 4:37am Jun 30, 2010 4:37am
Iīm sure itīll be a profitable system at long term...
  • #32
  • Jun 30, 2010 4:40am Jun 30, 2010 4:40am
Quoting kraven
Caillou, it wasn't the new's it was because i posted a live trade on here...kiss of death, i'll not do it again

Hi Kraven

I think that its everybody's own responsibility to enter their own trades. They can choose whether they want to follow your trades or not, its by no means your fault.

Please keep it up, please posting and we'll keep learning.

PS there is no perfect 100% winning system, so there is bound to be some losers.
What you do is a reflection of you....what I do is a reflection of me.
  • #33
  • Jun 30, 2010 5:13am Jun 30, 2010 5:13am
E/U Close to 1.2300, almost all signal bars green..... letīs see
  • #34
  • Jun 30, 2010 5:17am Jun 30, 2010 5:17am
Thanks Ezzy.

It has been profitable for me (paid for my med criuse last week..) but i am unlucky, when i post my real time trades it always goes to pot. honestly.

I posted on a different site, under a different name, the long term 1hr system I use. Because it was soooo simple and i called a few bad trades forumers who read my thread turned on me, so i stopped posting about it, kept it to myself and I've been pretty successful with it since. That's why i was hesitant to share this one.
  • #35
  • Jun 30, 2010 5:24am Jun 30, 2010 5:24am
well it looks like were trading inbetween 00 today (as i mentioned early on) on EU, EJ and GU.
  • #36
  • Jun 30, 2010 6:20am Jun 30, 2010 6:20am
Kraven

It is always easier to blame someone else when things don't go right. Anyway, just wondering if you would consider sharing your 1 hr system here.

Cheers mate
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #37
  • Jun 30, 2010 6:25am Jun 30, 2010 6:25am
Sure Kraven,

Would be nice your 1 H system.....
  • #38
  • Jun 30, 2010 6:31am Jun 30, 2010 6:31am
GU, EU, EJ triggered and none of them hit TP

In my view this system will work well on momentum pairs, that will move fast. EU is slow moving. GBPJPY is very fast. EJ is also fast. when we trade these high fliers, if all the signals are right, it will hit TP quickly.
  • #39
  • Jun 30, 2010 7:31am Jun 30, 2010 7:31am
Quoting roundrock
GU, EU, EJ triggered and none of them hit TP

In my view this system will work well on momentum pairs, that will move fast. EU is slow moving. GBPJPY is very fast. EJ is also fast. when we trade these high fliers, if all the signals are right, it will hit TP quickly.
Just got back from Gym.

you could be right roundrock i'm watch EJ but GJ has an 8pip spread for me.

just a note..i don't always use 4lots, a lot of the time when things are a bit sideways and trending i'll use 2 (tp1 at 25 tp2 at ?). I'm currently like that with GU now (i've cursed myself again ) SL at 5005 so it'll only be a 10pip loss
  • #40
  • Jun 30, 2010 7:39am Jun 30, 2010 7:39am
Quoting Caillou
Sure Kraven,

Would be nice your 1 H system.....


I don't want to flood this thread with a different trading idea. Anyway once bitten, maybe later
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