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GBPJPY Daily Trend Method

  • #421
  • Jun 29, 2010 6:42am Jun 29, 2010 6:42am
Quoting arkan1976
Hi Michael, I...
Give me a few minutes and I'll check that for you.

Michael
  • #422
  • Jun 29, 2010 6:56am Jun 29, 2010 6:56am
Quoting arkan1976
within 35 min would have a sell signal, but the blue line is above the red line, then should not be done, correct?
Here is a chart showing why we didn't take the entry. Let me know if you have any other questions and I'll be glad to help you out. Also, you should join the Yahoo Instant Messenger group so you can chat with me at any time, instantly.

Michael
Attached Image (click to enlarge)
Click to Enlarge Name: system example.gif Size: 23 KB
  • #423
  • Jun 29, 2010 6:56am Jun 29, 2010 6:56am
Trade time in 5 minutes!!!
  • #424
  • Jun 29, 2010 7:10am Jun 29, 2010 7:10am
Traders, sorry for the trade delay. My computer froze on me right as I was giving the signal to IM members. Anyway, you should have gone short. Unfortunately, I never got in......me and technology have a love/hate relationship!
  • #425
  • Jun 29, 2010 7:26am Jun 29, 2010 7:26am
That was a crazy reaction to consumer confidence.....133 support just broke
  • #426
  • Jun 29, 2010 7:29am Jun 29, 2010 7:29am
What did you guys get for an entry price?
  • #427
  • Jun 29, 2010 11:12am Jun 29, 2010 11:12am
Quoting MichaelLee_8
Here is a chart showing why we didn't take the entry. Let me know if you have any other questions and I'll be glad to help you out. Also, you should join the Yahoo Instant Messenger group so you can chat with me at any time, instantly.

Michael
Hi michael, thankyou very much for the help. I forgot to tell you that my english is very poor. For that reason I canŽt to speak with you in yahoo, sorry...
Now i am in a trade, all conditions have been.
IŽve a question, all the year is the same hour to entry in a market or in winter we have to change the hour in one hour less ? now my entry hour is 17:00, in winter will be 16:00 ?

I show you a picture of the last trade. Iwas entry later because i wasnŽt at home.
A greeting and apologize for any inconvenience

http://img190.imageshack.us/img190/417/entry1.gif
  • #428
  • Jun 29, 2010 2:51pm Jun 29, 2010 2:51pm
Quoting arkan1976
Hi michael, thankyou very much for the help. I forgot to tell you that my english is very poor. For that reason I canŽt to speak with you in yahoo, sorry...
Now i am in a trade, all conditions have been.
IŽve a question, all the year is the same hour to entry in a market or in winter we have to change the hour in one hour less ? now my entry hour is 17:00, in winter will be 16:00 ?

I show you a picture of the last trade. Iwas entry later because i wasnŽt at home.
A greeting and apologize for any inconvenience

http://img190.imageshack.us/img190/417/entry1.gif...
I'm not exactly sure how the time change will affect things. I tested the system using the time we are on now. So I'm not sure what my broker will do this fall when the time changes again. I'll definitely keep you posted on this issue.

I know the language barrier can create a few issues but there are lots of different people that chat with me from all over the world. And I assure you, their english isn't that great either but they are willing to learn so I try to work around it. Give it a try, you might just surprise yourself! Plus you'll get access to all of the videos and such.

Michael
  • #429
  • Jun 30, 2010 6:59am Jun 30, 2010 6:59am
Traders,

No trade today......move stop on yesterday's trade to +25. I will explain later.
  • #430
  • Jun 30, 2010 7:03am Jun 30, 2010 7:03am
End of the month and end of the quarter and a short week!!!! Should be fun!!
  • #431
  • Jun 30, 2010 7:09am Jun 30, 2010 7:09am
I'm working on a few updates to the system as we speak......looks like we will be changing the parameters just a tiny bit.
  • #432
  • Jun 30, 2010 7:11am Jun 30, 2010 7:11am
For those of you who prefer skype you can add me there if you wish. My ID is fxtakeover
  • #433
  • Jun 30, 2010 7:26am Jun 30, 2010 7:26am
Daily Trend Method can't show any real signals in the last 24 days which could brought a good profit I think, because there is a range between 130.40 and 136.02 and the range in the last 13 days was between 132.80 135.88. The trend indicators react too slowly for getting a right entry signal.

Trend systems are extremely good when market goes really up or down over several days or weeks.

And when you take a look at 2010.05.06 there was one extremely downward movement from 142.30 to 129.73 in a given day, which has nothing to do with a trend method where prices go in one direction over several days.

Nevertheless nice work here!
  • #434
  • Jun 30, 2010 7:46am Jun 30, 2010 7:46am
Quoting trigg
Daily Trend Method can't show any real signals in the last 24 days which could brought a good profit I think, because there is a range between 130.40 and 136.02 and the range in the last 13 days was between 132.80 135.88. The trend indicators react too slowly for getting a right entry signal.

Trend systems are extremely good when market goes really up or down over several days or weeks.

And when you take a look at 2010.05.06 there was one extremely downward movement from 142.30 to 129.73 in a given day, which has nothing to do with a trend method...
Thank you for the constructive comments. I appreciate it. This is definitely NOT a range trading system so I tried to make it so it would keep us out of the market during those times. The ADX does a fairly good job at this but, as with any system, you will be stopped out and you will have "ugly" trades. Again, thank you for your observations and for the nice compliment. It's posts like yours that make me feel validated!

Michael
  • #435
  • Jun 30, 2010 7:51am Jun 30, 2010 7:51am
I will try and update you all with the new parameters and such this evening.

Michael
  • #436
  • Jul 1, 2010 6:35am Jul 1, 2010 6:35am
Traders, no trade today. Our last trade hit it's target yesterday
  • #437
  • Jul 1, 2010 6:58am Jul 1, 2010 6:58am
hi michael, thankyou very much for response all my questions. Now i am out home for work. In about ten days iŽll come home , and iŽll try to speak with you online with yahoo. iŽm following the system with a demo acount. In fact the last trade was closed with 25 pips.
The trade for today will be in one hour ?
you say that donŽt will be a trade because the adx in unde the 25 line, is right ?
Greetings.
  • #438
  • Jul 1, 2010 7:04am Jul 1, 2010 7:04am
dorry, the trade will be when close this bas, but yhe adx is under the 25 line donŽt trade ... ?
  • #439
  • Jul 1, 2010 4:25pm Jul 1, 2010 4:25pm
That is correct. If the ADX is below 25 there is no trade for the day.
  • #440
  • Jul 2, 2010 6:43am Jul 2, 2010 6:43am
Hello traders! No system trade today. ADX is below 25. For a list of the other trades that I'm interested in, join me and the other group members on Yahoo IM or Skype. My ID for both is fxtakeover.

Michael
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