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AMAZING Strategy!!!

  • #1,141
  • Aug 1, 2010 3:37pm Aug 1, 2010 3:37pm
Quoting fredgold3434
Did you make any pips using your system so far?
Fred
Cīmon... we are talking loud around here.

My office's last pic, before I move to a bigger facility....thanks to the AMAZING...

http://t2.gstatic.com/images?q=tbn:d...y_pile.jpg&t=1
Many share my views with me. But I don't share them with them...
  • #1,142
  • Edited 9:32pm Aug 1, 2010 8:43pm | Edited 9:32pm
Quoting mrcharlotte
The problem i have here is that i don't understand what you mean by when daily high or low hit on the 60minutes chart, and also how do i know if daily high or low has been hit on 1min chart too? Please i need more light on this. Thanks and GOD bless
This system is not holly grail. Please try this explanation:

- You make 1 trade per day on the EURUSD

- Your "day" ends at 4:59pm EST and starts at 5pm EST
* there must be a 24 hours within a day.

- Use 60 minute chart with the MACD and RSI on the chart
* On MT4, H1 is used to see the daily
* MACD and RSI likely to filter the trade.

- each day at 5pm EST you start watching the chart.
* Insert 2 vertical lines: 1st at current 5pm (17:00) EST and 2nd at
previous day 5pm (17:00)
* Different broker using different timezone, convert to the correct EST
Zone. (I think MBT MT4 is in the EST Zone that you can use straight forward)
* Between these 2 vertical lines, mark the PREVDAY_HIGH & PREVDAY_LOW horizontal lines

- it may take hours and hours of watching the chart, but keep watching until the PREVDAY_HIGH or PREVDAY_LOW has been hit for the current day

> As soon as the PREVDAY_HIGH or PREVDAY_LOW has been hit on the 60 minute charts, switch to your 1 minute charts.
* (If the price overshoot, Wait until PRICE REVERSE back toward PREVDAY_HIGH or PREVDAY_LOW and) if the PREVDAY_HIGH or PREVDAY_LOW has also been hit on the 1 minute chart, the signal is confirmed.


- after the signal is confirmed enter the trade immediately. if it is the PREVDAY_HIGH that has been hit, go short. if it is the PREVDAY_LOW that has been hit, go long.


- set stop loss of 15 pips and a profit target of 25 pips.
* 15pips maybe very tight.
  • #1,143
  • Edited Aug 2, 2010 2:28am Aug 1, 2010 10:55pm | Edited Aug 2, 2010 2:28am
Kelvinhand.........

[/quote](((* Between these 2 vertical lines, mark the PREVDAY_HIGH & PREVDAY_LOW horizontal lines

- it may take hours and hours of watching the chart, but keep watching until the PREVDAY_HIGH or PREVDAY_LOW has been hit for the current day

> As soon as the PREVDAY_HIGH or PREVDAY_LOW has been hit on the 60 minute charts, switch to your 1 minute charts.
* (If the price overshoot, Wait until PRICE REVERSE back toward PREVDAY_HIGH or PREVDAY_LOW and) if the PREVDAY_HIGH or PREVDAY_LOW has also been hit on the 1 minute chart, the signal is confirmed.


- after the signal is confirmed enter the trade immediately. if it is the PREVDAY_HIGH that has been hit, go short. if it is the PREVDAY_LOW that has been hit, go long.)))

Kelvinhand................................
This is not the Amazing Strategy. You place your trades on CURRENT high and low.
  • #1,144
  • Aug 2, 2010 1:06am Aug 2, 2010 1:06am
Quoting cjd
Kelvinhand.........
This is not the Amazing Strategy. You place place your trades on CURRENT high and low.
OH! I see what you means. Very interesting. No wonder the Stoploss can be so small.
I need further help from you.
Can i pm you ?
  • #1,145
  • Aug 2, 2010 9:00am Aug 2, 2010 9:00am
Geeez...

this is better than the never ending story... (ok... some of you may not remember this one...)

http://www.cinecon.com/frontimages/2...ndingStory.jpg
Many share my views with me. But I don't share them with them...
  • #1,146
  • Aug 2, 2010 11:35am Aug 2, 2010 11:35am
http://farm4.static.flickr.com/3069/...77a799.jpg?v=0
Quoting HouseTrader
Geeez...

this is better than the never ending story... (ok... some of you may not remember this one...)
  • #1,147
  • Aug 2, 2010 10:26pm Aug 2, 2010 10:26pm
Hi cjd, FOUR_KIDS and all who had mastered this system,

Can anyone tell me whether i understand the concept correctly:

1. At 5pm EST(17:00) closed. In H1 chart, the Bar High & Low formed the start of Current HIGH/LOW of the day.
This Current HIGH/LOW of the day is MOVABLE, if the 2nd Hour Bar is higher/Lower than the start, then 2nd hour bar become the Current HIGH/LOW of the day,
if the 3rd hour bar is higher/lower then 1st, 2nd, then 3rd hour bar will be Current HIGH/LOW of the day .....etc.

2. "As soon as the Current HIGH or LOW has been hit on the 60 minute charts, switch to your 1 minute charts. if the Current HIGH or LOW has also been hit on the
1 min chart, the signal is confirmed". This part is very tricky, there are 3 conditions:
a. When H1 formed the Current New HIGH/LOW, which means this 1min chart should also considered hit.
b. After H1 formed the New HIGH/LOW (,become the Current HIGH/LOW), in the 1Min chart the price possible retrace and then retest & hit the Current HIGH/LOW again.
c. After H1 formed the New HIGH/LOW (,become the Current HIGH/LOW), in the 1Min chart the price possible overshoot the Current HIGH/LOW and moving back
toward the Current HIGH/LOW and hit it. (For this case, at the point of time, the Hour Bar is not completed yet)

3. "After the signal is confirmed enter the trade immediately. if it is the Current HIGH for the day that has been hit, go short. if it is the Current LOW that has been hit, go long".
* This part seen easy,but there maybe some kind of filtering required,for example:
a. Indicator - RSI & MACD, maybe OB/OS, Divergence
b. Trading session - eg. avoid asia session, used on London/NY session
d. Avoid ranging condition


4. "Set stop loss of 15 pips and a profit target of 25 pips."
* Once the above steps done properly, it seen to me that the stoploss can really be small.

Hope for your advise.
  • #1,148
  • Aug 3, 2010 12:05am Aug 3, 2010 12:05am
Hi,

I still learning this strategy, so i post the charts for advise.

I understand that indicators may give false signal but see a clear sell trade here:
- putting in SMA 5 & 20 (using SPGM-1 to see the H1) , macd shown Sell
signal & sma5 cross below sma20.

Hope for comments.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AS-EU H1.gif Size: 33 KB
Click to Enlarge Name: AS-EU M1.gif Size: 29 KB
  • #1,149
  • Aug 3, 2010 12:22am Aug 3, 2010 12:22am
Quoting Kelvinhand
Hi,

I still learning this strategy, so i post the charts for advise.

I understand that indicators may give false signal but see a clear sell trade here:
- putting in SMA 5 & 20 (using SPGM-1 to see the H1) , macd shown Sell
signal & sma5 cross below sma20.

Hope for comments.
cjd you want to answer this one. I am dismayed, confused, disorientated, and other things. He is using indicators and other stuff, causing my three brain cell's to go into over drive and melt down. I need time to cool down.

Please advice him of the simplicity of this strategy. Thanks, good trading, good health and merry Christmas.
  • #1,150
  • Aug 3, 2010 12:50am Aug 3, 2010 12:50am
Hi,

Post a buy trade.
Attached Image (click to enlarge)
Click to Enlarge Name: AS - EU2 H1-M1.gif Size: 30 KB
  • #1,151
  • Aug 3, 2010 12:56am Aug 3, 2010 12:56am
Quoting Four Kids
cjd you want to answer this one. I am dismayed, confused, disorientated, and other things. He is using indicators and other stuff, causing my three brain cell's to go into over drive and melt down. I need time to cool down.

Please advice him of the simplicity of this strategy. Thanks, good trading, good health and merry Christmas.

Hi Four Kids,
Sorry for that.
  • #1,152
  • Aug 3, 2010 1:01am Aug 3, 2010 1:01am
Quoting Four Kids
I am dismayed
I've been perplexed too since he posted the indies...

Merry Christmas to you as well

http://t1.gstatic.com/images?q=tbn:M...dSanta.jpg&t=1
  • #1,153
  • Aug 3, 2010 1:20am Aug 3, 2010 1:20am
Quoting FXSurfer
I've been perplexed too since he posted the indies...

Merry Christmas to you as well

http://t1.gstatic.com/images?q=tbn:M...dSanta.jpg&t=1
Hi,

Merlin 1st post come with 2 indicators - MACD & RSI (, except the Moving Averages). It was not explained, so follows and try to figure out what it the purpose.
  • #1,154
  • Aug 3, 2010 1:26am Aug 3, 2010 1:26am
Quoting ak4x
How many ways are there to say...

Read Post #1...???


If need be... I suppose one could add post #11 and #17 in there as The Wizard hisself replied to them.

Beyond that, all these charts, additional indicators and other Brain Pain Things are just thread clutter...
That the reason!!!
Without properly Expert's guidance, I still don't know where my mistakes when i doing the reading.

  • #1,155
  • Aug 3, 2010 3:12am Aug 3, 2010 3:12am
Hi cjd, FOUR_KIDS, FxSurfer and all who had mastered this system,

Hope is not perplexed now. This is the current day chart.

1. This seen to follow the post #1 rules, If this correct that you guys wait for this situation only - wait for the overshoot then enter ?

2. When the price hit the Current HIGH, should i shorted (as seen in the red rectangle in the M1 chart) ? The Profit is less the 25pips ?

Please Advice.
Attached Image (click to enlarge)
Click to Enlarge Name: AS - EU3 H1-M1.gif Size: 37 KB
  • #1,156
  • Aug 3, 2010 4:39am Aug 3, 2010 4:39am
Quoting Kelvinhand
Hi,

Merlin 1st post come with 2 indicators - MACD & RSI (, except the Moving Averages). It was not explained, so follows and try to figure out what it the purpose.

Kelvinhand, my apologizes, you are right. I just re-read post one, and Merlin does use MACD & RSI. This is what happens when your brain is reduced to 3 cells, such as mine, due to fifty years of sex & drugs & RnR, & wife & kids & mortgage & gran-kids etc.

But as you get more comfortable with the strategy you will be able to do away with the indicators. etc etc Merry Christmas.
  • #1,157
  • Aug 3, 2010 5:05am Aug 3, 2010 5:05am
After re-reading post one ,I just realized this thread has been going for over 6 years. Quite an achievement, an obvious statement to how powerful the strategy is. Merlin should be feeling very proud.
  • #1,158
  • Aug 3, 2010 7:58am Aug 3, 2010 7:58am
Hi Four Kids,

No problem.

A lot of questions flow into my brain.

1. Why need to start from 5pm EST, Esp. on Monday, If I cannot start on 5pm EST, Does it means I cannot trade ? So can I start from 12:00midnight EST ?

2. If H1 had formed a current LOW, if you don't see a hit on H1, can you still jump in to M1 and trade ???

Attached a Monday scenario - The current LOW is formed @4:59, but there is bar at 5:00 touch the current LOW



What do you think ?
Attached Image (click to enlarge)
Click to Enlarge Name: AS-EU4.gif Size: 38 KB
  • #1,159
  • Aug 3, 2010 8:33am Aug 3, 2010 8:33am
This strategy is a


JOKE


come on guys i understand u are new to fx world but where is your iq?
  • #1,160
  • Edited 10:26am Aug 3, 2010 9:19am | Edited 10:26am
[quote=Alihuzaifa;3918770]This strategy is a



I don't bother you, Why you bother me ?
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#You are your biggest mentor, you MUST believe in your analysis and your decisions. Only by doing so will you be able to build the necessary confidence you need to succeed in this busines
Attached Image (click to enlarge)
Click to Enlarge Name: AS-EU5.gif Size: 41 KB
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