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My own developed benkyalate system

  • #2,481
  • Sep 13, 2010 11:40am Sep 13, 2010 11:40am
Quoting geobull
Hi Mike! i think usdchf is good long . with Belkhayate COG.
timing is now below -6. but the cog is not even near the first green line.
any suggestions about this setup?
Attached Image (click to enlarge)
Click to Enlarge Name: uc6.gif Size: 16 KB
meine augen sind die sterne
  • #2,482
  • Edited 3:38pm Sep 13, 2010 3:26pm | Edited 3:38pm
Quoting geobull
Hi Mike! i think usdchf is good long . with Belkhayate COG.
Hi geo, I dont see anything close to a trade on 4H and Daily on my charts. Could you post the chart so we could have a look and wich broker is important. Support at Dec.09 nearest low that is all I've got.
Cheers,

BigMike
  • #2,483
  • Sep 13, 2010 10:38pm Sep 13, 2010 10:38pm
Quoting Big Mike
wich broker is important. Support at Dec.09 nearest low that is all I've got.
Cheers,

BigMike
In that thought, which broker has the best spreads?--I'm seeing Gallant spreads are clearly better than what I see elsewhere, but on every entry they put me in at least 1.2 pips above the ask or below the bid depending on long or short. I'm sick of it.
  • #2,484
  • Sep 14, 2010 10:30am Sep 14, 2010 10:30am
Well the Aussie Gap trade got stopped out at .9420... More trades to come.

BigMike
  • #2,485
  • Sep 14, 2010 10:39am Sep 14, 2010 10:39am
Hi !

Long USD/CHF 0,9953 TP 1,0090 SL 0,9849
  • #2,486
  • Sep 14, 2010 10:53am Sep 14, 2010 10:53am
many pairs are in a strong trend right now.
i am very picky with my trades at the moment.
good money-management is needed for countrend-trading strategies in this market.
be careful
meine augen sind die sterne
  • #2,487
  • Sep 14, 2010 12:00pm Sep 14, 2010 12:00pm
eur/cad short. timing around +8. price above red solid line.
tight stop loss with 50 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: ec13.gif Size: 23 KB
meine augen sind die sterne
  • #2,488
  • Sep 14, 2010 5:49pm Sep 14, 2010 5:49pm
Quoting aserbfx
many pairs are in a strong trend right now.
i am very picky with my trades at the moment.
good money-management is needed for countrend-trading strategies in this market.
be careful
Well put Aser.

BigMike
  • #2,489
  • Sep 14, 2010 5:52pm Sep 14, 2010 5:52pm
I'm taking another position short on eurcad 4H at .3337.
Retail Sales news has made it's moves.

Pip it Up !
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad - 4h - alpari .gif Size: 13 KB
  • #2,490
  • Sep 15, 2010 12:34am Sep 15, 2010 12:34am
Quoting aserbfx
eur/cad short. timing around +8. price above red solid line.
tight stop loss with 50 pips.
sl hit on this trade.
i don't have the balls to average position in the current market .
good pips all!
meine augen sind die sterne
  • #2,491
  • Sep 15, 2010 1:34pm Sep 15, 2010 1:34pm
Quoting aserbfx
sl hit on this trade.
i don't have the balls to average position in the current market .
good pips all!
Yes Aser, BOJ gave us a jab !
Will see about that eurcad test, trying to figure out a way to manage it.

BigMike
  • #2,492
  • Sep 16, 2010 1:13am Sep 16, 2010 1:13am
i'm holding steady on my short position.. -12 as we speak. macd cross, doji, plus break of tenkan-sen. might be dropping in the next couple of candles..

plus all other eur pairs are dropping.

j-
  • #2,493
  • Sep 17, 2010 5:29am Sep 17, 2010 5:29am
Well this week was not too bad, much better if you trade smaller Tf, reversals and breakouts, which is not my cup of tea, but must have been very good I'm sure !
A loss on aussie Gap trade -72pips and a few good jpy and nzd trades but not cog trades. Since it's Friday, I usually close the trades that I'm in if in good profit or place BE SL if setups are still strong, which is not the case on the eurcad trade that I'm testing. -200ish and -90ish on each at the moment. If it were a pair I knew, I would add a position, but I'll go easy with this new pair. (new for me) !
Some say it's chasing a trade, some others Martingale. To me it's loading a pistol and be patient. I dont recommend this at all because of the MM and DD involved. I blew many accounts doing this 6 years ago ! However, cutting on lot sizes, patience and discipline has given me the opportunity to change some lemon trades into lemonade ! If the setups are still good, I swet it out !!!
Let's stay positive for that trade, another key to winning. No such thing as a negative winner !
Might be back before end of the day for quick update if market moves.

Pip it Up !

BigMike
  • #2,494
  • Sep 17, 2010 10:49am Sep 17, 2010 10:49am
I will take a trade on CAD, 4H, 2% risk, @.0328, short.

Pip it Up !
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad - 4h - forexcom .gif Size: 29 KB
  • #2,495
  • Sep 17, 2010 12:29pm Sep 17, 2010 12:29pm
nice setup Mike. lets see what will be
  • #2,496
  • Sep 17, 2010 1:45pm Sep 17, 2010 1:45pm
Quoting geobull
nice setup Mike. lets see what will be
thanks geo ! Will see. This one should develop fast: bounced on R3, timing and red zone all there and it's on a friday dumping/liquidation/profit taking spike.

BigMike
  • #2,497
  • Sep 17, 2010 5:49pm Sep 17, 2010 5:49pm
here is a setup for uj. i will wait for the opening on monday...
Attached Image (click to enlarge)
Click to Enlarge Name: uj5.gif Size: 22 KB
meine augen sind die sterne
  • #2,498
  • Sep 18, 2010 9:50am Sep 18, 2010 9:50am
hi mike,

i'm with you on eur/cad. i usually like to clean up on fridays as well but i still think eur/cad will drop eventually. cad is weak because of the usa news but news such as canadians refineries re-opening next week should strengthen cad. not adding lots to the position though.

japan gov't is trying to weaken the yen so i'm hesitant to short anything yen.

j-
  • #2,499
  • Sep 20, 2010 11:10am Sep 20, 2010 11:10am
Quoting geobull
Hello traders! i am glad to see this thread is alive. i know who is belkhayete he very very good trader and very succesfull trade. he use his COG and timing indicators and took very good profits with forex market espacialy GOLD. as i know he use daily and 4 hour charts. i like trade as he and tested his COG about 2 years, but problem is that it repaint. As i know he also use other indicators for filter his signals. i want that we together trade and develope our results. If anyone want i also has GOLDBAND and i can give it. if anyone use skype and...

Hello Geobull,

I am very interested in the Goldband indicator, so I would appreciate it very much if you could give it to me.

eTrader,
  • #2,500
  • Sep 20, 2010 11:24am Sep 20, 2010 11:24am
Hello Etrade!
here is Goldband.
How is your COG trade?
Attached File(s)
File Type: ex4 2010Gold Bands.ex4   7 KB | 1,170 downloads
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