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Multiple Trading systems gbpusd only

  • #101
  • Aug 21, 2010 8:33am Aug 21, 2010 8:33am
I just started reading your thread today.

One quick question, although it may be answered somewhere in the thread since I have only read part of it so far, do you look for confirmation on more than one system before taking a trade?

I also have a question about the first method you mention. You say 00 NY time, which I think is the same thing as London open. Is that correct? At first I misunderstood and thought that you were referring to NY open at 0900 EST and actually found that the results were better for the few days that I looked at.
  • #102
  • Aug 21, 2010 9:13am Aug 21, 2010 9:13am
Quoting moonchild
I just started reading your thread today.

One quick question, although it may be answered somewhere in the thread since I have only read part of it so far, do you look for confirmation on more than one system before taking a trade?

I also have a question about the first method you mention. You say 00 NY time, which I think is the same thing as London open. Is that correct? At first I misunderstood and thought that you were referring to NY open at 0900 EST and actually found that the results were better for the few days that I looked at.
this what I like--
ok 1. each system are separate (sometime if all in sell or buy then you stay in trade longer to maximize your profit--
2. For me my day start at fxsol start its day 00 am new york time and end at 1159 pm new yorktime all my charts have the same time-
3. it is a very good observation -- about trading newyork session open (I think it is 830) so set you charts as 30 min -- and sell below open price @ 00 or 50 levels opposite for the buy -- buy above the open price @ 00 or 50 levesl sl will be 50 pips

I will post some charts to see --- how this work out -- agian very good job i like traders like this ----
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #103
  • Aug 21, 2010 9:31am Aug 21, 2010 9:31am
Newyork open i look back from 1st aug 2010 to 6ht

seems prfitable -- some one can explore it -- go back for 100 trades -- will be 100 days -- try from march 2010 to now that should give us a good idea about the system-- if over 80% accurate with 20 pips profit -- target -- we have a system
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #104
  • Aug 21, 2010 9:42am Aug 21, 2010 9:42am
Aug 8th--12th no loss all profit 50 pips tp
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #105
  • Aug 21, 2010 9:49am Aug 21, 2010 9:49am
Aug 12th --18th one loss 3 win 50 pips
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #106
  • Aug 21, 2010 9:50am Aug 21, 2010 9:50am
Quoting zamanib
this what I like--
ok 1. each system are separate (sometime if all in sell or buy then you stay in trade longer to maximize your profit--
2. For me my day start at fxsol start its day 00 am new york time and end at 1159 pm new yorktime all my charts have the same time-
3. it is a very good observation -- about trading newyork session open (I think it is 830) so set you charts as 30 min -- and sell below open price @ 00 or 50 levels opposite for the buy -- buy above the open price @ 00 or 50 levesl sl will be 50 pips

I will post some charts to see...
I have been doing a bit of quick looking back, but I have another question, once you place your long and short orders how long do you leave those orders open if they do not fill during the next hour or so?
  • #107
  • Aug 21, 2010 10:03am Aug 21, 2010 10:03am
17 trades in august 15 winners
11 with 50 pips
2 with 50 pips loss
4 with 20 pips win

if we consider the 4 20 pips as loss (because did not hit 5opips tp)
we have 11 50 pips winner = 550 pips
we have 6 50 pips looser = 300 pips
it is still wining

oh chart for the rest of the month
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #108
  • Aug 21, 2010 11:25am Aug 21, 2010 11:25am
Quoting moonchild
i have been doing a bit of quick looking back, but i have another question, once you place your long and short orders how long do you leave those orders open if they do not fill during the next hour or so?
i will trade it this way -- tp 50 sl 50 if buy get stop out then enter sell if sell get stop out -- end wait for next day is seem very profitable 830 ny also i look back at 430am (uk news) this seem to be profitable also same concept to trade it or london open 3am -- if some one can make an ea test these 3 times 3am london open 430am uk news 830 usa news then we will see which is best more profitable
or just trade all 3 times -- 3am 430am and 830am we need some one to do the home work -- 100 trades
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #109
  • Aug 21, 2010 2:31pm Aug 21, 2010 2:31pm
I have a question Belgian System.

for the example I Long at 1.5850
I place the stop loss order at 1.5800 ?
And if the currency reaches 1.5800 I stop out and opens a new position for the Short side this time?
  • #110
  • Aug 21, 2010 2:47pm Aug 21, 2010 2:47pm
Quoting africa6
I have a question Belgian System.

for the example I Long at 1.5850
I place the stop loss order at 1.5800 ?
And if the currency reaches 1.5800 I stop out and opens a new position for the Short side this time?
then you sl for the next trade will be 15850 tp 15750
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #111
  • Aug 21, 2010 2:51pm Aug 21, 2010 2:51pm
some one should make an ea and back test -- from march to to aug do 830am ny open to buy and sell at the 00 50 levels
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #112
  • Aug 21, 2010 3:04pm Aug 21, 2010 3:04pm
Quoting ptitsagu
..not sure
I've checked up the short period

50 H/L EMA
SL=-50pp
TP= 20pp

2009
04 -390
05 20
06 - 90
07 120
08 - 50
09 110
10 70
11 - 80
12 40

Total: - 250pips

How to improve it? ... find a good exit



Clearly, this kind of negative result occurs only if you allow your gains to turn to losses.

The idea of using trailing stops and moving SLs to BE is to guard against the kind of result you have posted.

Zamanib's systems are great and should be applauded for his selflessness. With a good knowledge of candle formations/patterns and pivot levels, making losses with his Systems becomes a far cry
  • #113
  • Aug 21, 2010 3:18pm Aug 21, 2010 3:18pm
Hi all,

I just joined FF and found out this method quite interesting for newbie like me..
gonna try it next Monday..

Thanks to Zamanib for sharing this trading system!
  • #114
  • Aug 21, 2010 3:40pm Aug 21, 2010 3:40pm
hmm interesting. i am watching. Also to add my own contribution. Trade 30ema high low close on 4 hr price above emas buy, price below emas sell.

Best entries are when price pulls back to the emas and forms a continuation pattern. Enter 2 lots with first tgt 100 pips move stop to break even and let the trade run. Add position on every pullback stops will be below 30 ema low when going long and vice versa.
LISTEN TO MR FUNDAMENTAL AND MR TECHNICAL
  • #115
  • Aug 21, 2010 4:12pm Aug 21, 2010 4:12pm
Nice to see and hear from -- contributors to this thread --

I notice not much difference in 34ema and 30 ema on the 1hr chart -- give very profitable trades -- I find less false singal on the 50ema--
21ema 30ema 34ema will get you in trade earlier
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #116
  • Aug 21, 2010 4:32pm Aug 21, 2010 4:32pm
Quoting zamanib
Nice to see and hear from -- contributors to this thread --

I notice not much difference in 34ema and 30 ema on the 1hr chart -- give very profitable trades -- I find less false singal on the 50ema--
21ema 30ema 34ema will get you in trade earlier
hi zamanib. just came across the thread will read through again tomorrow. do you still take your trades if they are news related moves?,
  • #117
  • Aug 21, 2010 6:05pm Aug 21, 2010 6:05pm
Quoting winsome
hi zamanib. just came across the thread will read through again tomorrow. do you still take your trades if they are news related moves?,
let me say this-- news will screw up any system-- no matter how good they are-- sometime we see bad news for that currency pair but price goes in the opposite direction.

we dont know how far price willl move on any given newss--
So -- the best thing to (or all my system ) will give signal to go in that direction with the news -- never hold on to losing trade --take the loss and enter in the next direction--

some news you dont want to be in the market before it release -- wait to trade after the news--

some system it does not matter news or no news will still do good --

I hope I answer your question-- And I know exactly what you are talking about-- With training and expericen you will get a hang of it news or no news
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #118
  • Aug 21, 2010 11:07pm Aug 21, 2010 11:07pm
Quoting zamanib
are you trying to pull my system down-- from now on every please ignore this blind man--- he has nothing good to offer
here is 2009 december...
relax))
We're talking about ur TS with SL=50pips and TP = 20pips/// Is it right?
if so, let's see the pics:
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  • #119
  • Aug 21, 2010 11:10pm Aug 21, 2010 11:10pm
and 2m more
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  • #120
  • Aug 22, 2010 2:38am Aug 22, 2010 2:38am
Quoting zamanib
50 ema -- 34ema 21 ema 1hr chart -- buy above sell below wait for candle to close above or below-- the sl on these 3 system about 50 pips (look close when price cross over --( it is about 50 pips range) example if you buy and price cross over below and close below exit and take new sell entry--
there will be some false -- but most are winners--
Please do the basic everyday look at ff calendar for news especially high impact news-- before you enter you trades

ptitsagu reread this, SL 50 pips correct, TP let it run but usually step out with 50 pips, thats what zaminab was trying to say, at least if i am understanding its method
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