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Multiple Trading systems gbpusd only

  • #221
  • Aug 25, 2010 4:17pm Aug 25, 2010 4:17pm
2lines for tomorrow
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #222
  • Aug 25, 2010 6:26pm Aug 25, 2010 6:26pm
My Lines.
IF pair closes past .5481 You are free to trade long. Until then stay out unless your scalping.

Also you can be very creative with supertrend as long as you wait for candles to close. By this I mean their are other indicators that can be used with it. I believe it is really good as a filter but not as an entry indicator. Use another one(or just pure price action signals) for that purpose and you will get better results..way better(maybe not way better lol) then with those MAs
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  • #223
  • Aug 25, 2010 8:12pm Aug 25, 2010 8:12pm
3 charts saying buy
1 -50ema
2- 15min supertrend
3- 1hr supertrend
4-2lines

let see how this playout--
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #224
  • Aug 26, 2010 2:49am Aug 26, 2010 2:49am
Quoting zamanib
3 charts saying buy
1 -50ema
2- 15min supertrend
3- 1hr supertrend
4-2lines

let see how this playout--

that supertrend on H4 is bearish, H1 and M15 bullish, isn't H4 directing the entry's ? The buy was the right thing but was the entry according to the rules ?
  • #225
  • Aug 26, 2010 3:22am Aug 26, 2010 3:22am
Quoting huskyboy
that supertrend on H4 is bearish, H1 and M15 bullish, isn't H4 directing the entry's ? The buy was the right thing but was the entry according to the rules ?



50EMA confirmed the Buy.

Does anybody know the reason behind the spike at 4 - 6.00 GMT?
  • #226
  • Aug 26, 2010 3:32am Aug 26, 2010 3:32am
Quoting zamanib
3 charts saying buy
1 -50ema
2- 15min supertrend
3- 1hr supertrend
4-2lines

let see how this playout--

ok folks. what we need is an alert when signals occur. we cannot be glued to the computer all day long to check for alerts. so we need to come up with a method where we are alerted when for example on the 50 ema system the price goes above / below the upper / lower bands. etc.

i.e. an alert of some sort.


i was lucky enough to just catch the buy signal signal on the 50 ema system last night, as it just broke above the upper band. i had been out at the cinema watching piranha 3D (crap film btw) , and when i returned i thought i quickly check my charts before i go to bed. luckily at that precise point i checked the charts , the upper band had just been broken. so i entered a buy and went to bed, with a 30 pip TP. the TP was reached.

my point is we cannot always be by the computer to check for signals.


i see there are a few experienced traders on here. please come up a solution.


regards
  • #227
  • Edited 3:56am Aug 26, 2010 3:36am | Edited 3:56am
Quoting whatfx
ok folks. what we need is an alert when signals occur. we cannot be glued to the computer all day long to check for alerts. so we need to come up with a method where we are alerted when for example on the 50 ema system the price goes above / below the upper / lower bands. etc.

i.e. an alert of some sort.


i was lucky enough to just catch the buy signal signal on the 50 ema system last night, as it just broke above the upper band. i had been out at the cinema watching piranha 3D (crap film btw) , and when i returned i thought i quickly check...
my understanding is we enter the trade on the close of bar, so only need to look at your 1 hr close. no screen watching. can set an alert with my software multi charts .
  • #228
  • Aug 26, 2010 4:37am Aug 26, 2010 4:37am
plenty of pips on the last buy.

http://screencast.com/t/NmFmMzhhYTM
  • #229
  • Aug 26, 2010 4:46am Aug 26, 2010 4:46am
Quoting huskyboy
that supertrend on H4 is bearish, H1 and M15 bullish, isn't H4 directing the entry's ? The buy was the right thing but was the entry according to the rules ?
Yes we bent the rules -- but when you get a setup like that -- 4 against 1
you go with majority
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #230
  • Aug 26, 2010 4:50am Aug 26, 2010 4:50am
supertrend 4hr change mode to buy -- look for set up on 1hr and 15m to buy


Also the 2lines has been proven over and over to be profitable --(some one suggested wait for the candle to close above or below the 2 lines) and not enter as soon it touch the upper or lower lines
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #231
  • Aug 26, 2010 4:54am Aug 26, 2010 4:54am
to wait let the candle close above or below upper or lower ( I am not sure if 1hr candle or 15min 30 min)
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #232
  • Aug 26, 2010 4:57am Aug 26, 2010 4:57am
Quoting winsome
my understanding is we enter the trade on the close of bar, so only need to look at your 1 hr close. no screen watching. can set an alert with my software multi charts .

?? 1 hr close ?? not sure what you mean.

an alert is required when the price crosses the upper or lower band of the 50 ema. thats when you need to start observing the charts. you cant be on the computer all day looking for the crossovers.

how do you set your alerts on the multicharts and which broker are you using ?
  • #233
  • Aug 26, 2010 5:12am Aug 26, 2010 5:12am
your suggestion for the coders
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #234
  • Aug 26, 2010 5:30am Aug 26, 2010 5:30am
Quoting whatfx
?? 1 hr close ?? not sure what you mean.

an alert is required when the price crosses the upper or lower band of the 50 ema. thats when you need to start observing the charts. you cant be on the computer all day looking for the crossovers.

how do you set your alerts on the multi charts and which broker are you using ?
i use ib for broker. on muliti charts click on indicator and set alert for bar close. can set up to take trade using easy language . never tried writing myself.
  • #235
  • Aug 26, 2010 9:51am Aug 26, 2010 9:51am
anyone buy -- 15min 1hr 4hr in buy mode on the supertrend
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #236
  • Aug 26, 2010 10:31am Aug 26, 2010 10:31am
What are your settings for supertrend because my supertrend is red on H4
  • #237
  • Aug 26, 2010 11:07am Aug 26, 2010 11:07am
Quoting john225
What are your settings for supertrend because my supertrend is red on H4
It is correct 20 3
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #238
  • Aug 26, 2010 11:09am Aug 26, 2010 11:09am
Quoting zamanib
It is correct 20 3
It was nice 30 pips move--
every one should got many pips today --post your result
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #239
  • Aug 26, 2010 11:18am Aug 26, 2010 11:18am
Newyork open give 46 pips
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #240
  • Aug 26, 2010 11:21am Aug 26, 2010 11:21am
Usefull -- may help with exit and target
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
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