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My own developed benkyalate system

  • #2,381
  • Aug 30, 2010 8:41am Aug 30, 2010 8:41am
Quoting aserbfx
chart attached.
do you martingale your positions?
Hi There,

Can you post the indicator that's in the sub window of your chart.

Thank you and all the best

Xard777
  • #2,382
  • Aug 30, 2010 8:53am Aug 30, 2010 8:53am
Quoting xard777
Hi There,

Can you post the indicator that's in the sub window of your chart.

Thank you and all the best

Xard777
here you go
Attached File(s)
File Type: mq4 Value chart.mq4   3 KB | 2,406 downloads
File Type: ex4 Value chart.ex4   4 KB | 1,729 downloads
meine augen sind die sterne
  • #2,383
  • Aug 30, 2010 9:54am Aug 30, 2010 9:54am
Quoting xard777
I still like this system...good in all timeframes

You have entry and a clean exit

All the best

Xard777
Hi Xard777,

Can you please attach the indi on your sub window? Thanks.
  • #2,384
  • Aug 31, 2010 2:56am Aug 31, 2010 2:56am
Hi all,
I'm going long GBPCHF at 1.5743 at 1%.
Price is in the zone on Daily and Timing is great on 4H. (another little tip, wink) !
I'm only going 1%, as I said before, it's NFP week and it gives us some room to re-enter a position if price goes against us.
Cheers,
BigMike
  • #2,385
  • Aug 31, 2010 3:09am Aug 31, 2010 3:09am
Quoting Big Mike
Hi all,
I'm going long GBPCHF at 1.5743 at 1%.
Price is in the zone on Daily and Timing is great on 4H. (another little tip, wink) !
I'm only going 1%, as I said before, it's NFP week and it gives us some room to re-enter a position if price goes against us.
Cheers,
BigMike
I forgot to post the charts, here we go.
BigMike
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf - 4h.gif Size: 41 KB
Attached Image
  • #2,386
  • Aug 31, 2010 3:30am Aug 31, 2010 3:30am
Quoting Big Mike
Hi all,
I'm going long GBPCHF at 1.5743 at 1%.
Price is in the zone on Daily and Timing is great on 4H. (another little tip, wink) !
I'm only going 1%, as I said before, it's NFP week and it gives us some room to re-enter a position if price goes against us.
Cheers,
BigMike
hm, on daily the price is still above the green dotted line; timing indicator above -6. on the H4 between the middle and the grey line; timing indicator below -8.
so you took the trade because of the price on the daily and confirmation of the timing indicator on the H4? never thought of that, but interesting approach. did it work in the past?
thanks!
meine augen sind die sterne
  • #2,387
  • Aug 31, 2010 5:49am Aug 31, 2010 5:49am
Quoting Big Mike
Hi all,
I'm going long GBPCHF at 1.5743 at 1%.
Price is in the zone on Daily and Timing is great on 4H. (another little tip, wink) !
I'm only going 1%, as I said before, it's NFP week and it gives us some room to re-enter a position if price goes against us.
Cheers,
BigMike
Hello, what's your SL ?
  • #2,388
  • Edited 2:25pm Aug 31, 2010 2:12pm | Edited 2:25pm
Hi aser, bass,
aser: yes I do that once in a while when I'm out of the market like this week, but I use very low risk.
About the repainting, it should be called Dynamic, as repainting sounds negative and lagging.
The more you watch a Dynamic indicator the more you "see" the price action.
Also, different brokers, different signals because of time zone.
The Center of Gravity is great because it only reshapes after the actual candle closes and does not calculate the open one. So 180 bars does not include the open one.

bass: No SL at the moment since it's only 1% risk and I usually figure 300 pips breathing space on all GBP pairs.

I will add another 1% position since the Timing now on Daily is good. The way I see it, since no other trades at the moment, my risk for this trade, even if it drops another 100 pips I will be 1,6% in the hole including bothe positions, so MM, especially on higher TF, is the key to low stress !

Pip it Up !

BigMike
  • #2,389
  • Aug 31, 2010 7:45pm Aug 31, 2010 7:45pm
Trading GBPJPY - Long at 129.13 on the 4H Chart.
The reason is that Timing has hit the bottom earlier in New York session and we have recent low at 128.76 on Aug. 24. and a lot of sell-offs on this last day of the month.
The risk is only 1%, usually I trade 4h at 2%-3%, but NFP coming Friday, caution is the main word.
Also, GBPJPY tends to rebound on 4H on the grey dotted line often instead of the red or green lines.

Pip it Up !

Big Mike
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy - 4h.gif Size: 18 KB
  • #2,390
  • Sep 1, 2010 12:11am Sep 1, 2010 12:11am
gbp/aud.

i was sleeping while price fell below the solid green line and timing below -8.
got in with a tiny position.

(btw.good trade big mike)
Attached Image (click to enlarge)
Click to Enlarge Name: ga.gif Size: 24 KB
meine augen sind die sterne
  • #2,391
  • Sep 1, 2010 1:31am Sep 1, 2010 1:31am
Quoting aserbfx
gbp/aud.

i was sleeping while price fell below the solid green line and timing below -8.
got in with a tiny position.

(btw.good trade big mike)
Thanks aser !

That is an awsome setup aser, however I don' trade that pair, but from your chart, this looks like an easy 150 pips !!! I call these setups Slingshots !!! They go in profits early and fast.
Those setups end up 90% in profit and I mean big profits even with low positions. Especially when it involves GBP pairs !
Go for it acer and wise man you are to go low risk approaching NFP.

Let's keep up our results in here, sounds like some more people are interested in making money ! Just 2 -4 trades a week and bingo ! My motto is: why work hard, price action is my best employee !

Wathever I make this week is bonus because as I posted earlier this week, I did not intend to trade at all... But I just cherry pick some great setups... Oh well, I guess I have to sacrifice myself and pip that market away !

Aser, are you using alerts to wake you up ?

Pip it Up !

BigMike
  • #2,392
  • Sep 1, 2010 5:53am Sep 1, 2010 5:53am
Hi guys,

Happy to see this thread is still alive.

I am using the oan method for almost one year now (obama template). I managed to make a *12 on my account in 6 months. The method is really powerful, however the main problem remains the dd. It happened to me when i was in position on both eur/usd and gbp/usd and a dramatic move of 500 pips in less than 2 hours divided my account by 5 (yes it's true my risk was very high and i did panic and move my stop from -200 pips to -400...)

The thing is that one day or another this kind of move happens and even if the method is powerful (sometime a -200 pips is changed into a +150 pips) it is still very risky wihout a strong money management.

Erwan.
  • #2,393
  • Sep 1, 2010 7:52am Sep 1, 2010 7:52am
Quoting aserbfx
gbp/aud.

i was sleeping while price fell below the solid green line and timing below -8.
got in with a tiny position.

(btw.good trade big mike)
one more position at 1.7003.
(i use a different broker for trading. that's why you don't see them here.)

yes, this countertrend systems need perfect money-management.

@big mike
i got the on my mt4 and they eat my cpu. mt4 sometimes freezes for minutes and changing tf took years. i don't know why. i am not good at this pc-stuff. do you have the same problems with the indicators you use. do you mind sharing them here?

@foreign mark
good to see some more action here. which tf do you trade? looking forward to some charts...

edit: already at break-even while posting this. yes!
Attached Image (click to enlarge)
Click to Enlarge Name: ga2.gif Size: 24 KB
meine augen sind die sterne
  • #2,394
  • Sep 1, 2010 10:34am Sep 1, 2010 10:34am
Hi Mark good to see some action !
I'm not sure I understand the "*12 on my account in 6 months". Could you explain ?

Yes DD is part of trading big TF. Like you said, if MM is well done, a 400 pip DD or loss is only a 1% or 2% dent. The next trade will patch it up and then some.

I closed the GBPJPY trade at 130.70 from 129.13 for a nice bonus trade of +167 pips (minus spread). It touched the blue center, no scientific reason except that. Especially on NFP week (I know I keep repeating this but see how erratic this market is). That is why I lower my risk if and I say IF I trade.
I'm still in the 2 positions of GBPCHF negative.

Aser, your GBPAUD setup is awsome !

About CPU, Blekhayate indies is not suppose to eat up CPU, it's mostly the uploading or feed of the platform that is slow as you add up charts and powerfull indies and it crunches data.
For example Forex.com is smooth and Alpari is slow as a snail. Also depending on TF you use, it get's slower with lower TF like 1H and less, which I don't trade anyway.
So using 2 or 3 brokers to see all the charts is the solution for me, and I might flush Alpari for another so I can get good feed on my daylies.
Like Forex.com I have no problem switching a profile of 11 pairs from 4H to Daily in about 2 seconds max. Also it depends the time of the day. In busy hours the platform tends to slow down.

Hope this helps. (sorry for the long post...)

Pip it Up !

BigMike
  • #2,395
  • Sep 1, 2010 12:13pm Sep 1, 2010 12:13pm
@aserbfx, I trade on 4H and 1H TF. Attached my current trade on GBP/USD 1H short target to 1,5350

@bigmike, "*12 on my account in 6 months" means my account has been multiplied by 12 in 6 months.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD0109.jpg Size: 87 KB
  • #2,396
  • Sep 1, 2010 1:17pm Sep 1, 2010 1:17pm
Hi all, yes all because this thread is alive and kicking !

First of all, thanks Mark for answering and congrats for nice performance ! I score at about 7 times for same period so you must be at around 11,5% a week if I'm doing the maths right !
Keep it up, I might need some pointers for the 1H trading.
Hope your trade goes well. Is it possible to put your entries so we can monitor each ones trades ?

Imagine just by sharing among us all we could pull 20% a week, I'm dead serious. Some are good at 1H, 4H and Daily.

Im going short on AUDUSD at .9081 on the 4H. Reason is on the chart, in the red zone and timing, plus we are at recent highs. Low risk 1%.
I forgot to post my quickie on cad short...oh well no use to brag after facts... so I'll shut up !!!
Weekly score 7,46% but GBPCHF is still negative at the moment.

Aser, hope your latest trade on GBPAUD is doing good ?

Pip it Up !

BigMike
Attached Image (click to enlarge)
Click to Enlarge Name: audusd - 4h.gif Size: 20 KB
  • #2,397
  • Sep 1, 2010 2:52pm Sep 1, 2010 2:52pm
Quoting Big Mike
...
Keep it up, I might need some pointers for the 1H trading.
Hope your trade goes well. Is it possible to put your entries so we can monitor each ones trades ?...
yes, please do so. please everybody post your setups here.

Quoting Big Mike
...
Aser, hope your latest trade on GBPAUD is doing good ?
...
got out at break even +1 pip. i didn't like that the timing indi was well above the -6.
meine augen sind die sterne
  • #2,398
  • Sep 1, 2010 4:48pm Sep 1, 2010 4:48pm
Quoting aserbfx
yes, please do so. please everybody post your setups here.



got out at break even +1 pip. i didn't like that the timing indi was well above the -6.
You are a wise man aser. All my respect.

BigMike
  • #2,399
  • Sep 1, 2010 5:16pm Sep 1, 2010 5:16pm
Quoting Big Mike
Imagine just by sharing among us all we could pull 20% a week, I'm dead serious. Some are good at 1H, 4H and Daily.
good idea! It also would be a great learning school for novices like myself :-)
  • #2,400
  • Sep 1, 2010 5:20pm Sep 1, 2010 5:20pm
@Bigmike, I am not usually make some short trade when the cog line are moving up and vice versa. Did you noticed your trades are better or not when following the cog line?

Ok to put my trade on the thread when it's possible for me. But to be honest, I used to post all my trades on a blog but for any reason the result was really bad (maybe because I would like to proove I was right or I did enter some trade just to have something to post and it was not the good timing).

But let's have some fun together and some good money as well ;-)
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