Multiple Trading systems gbpusd only

ok sir but the lines as being said by the thread starter was 1.5587

the two lines on ej after the break of the upper line i longed ej @111.75 to 112.00 and tp was hit 25pips pocketed

Hi All,

I am new to forex trading and i have learned the basics from babypips.

I am trading with my demo account for the past 3 months using the 4 systems that zamanib provided in this thread.

Here are few observations abt the four systems during my trade.

1. There is no words to say about the 2 Lines which is rocking everyday. Many Thanks to Zamanib.

2. 50 EMA, super trend and Pearls are the other 3 systems that I am using. If I take the trading with these systems individually (based on any one), my SL getting triggered (may be I am playing safe).

From the past week, I am taking my entry only when I am getting signals from atleast 2 of these systems (super trend & 50 EMA / 50 EMA & Pearls / all the three). Now I am winning most of them.

Before getting into the trade, I used to chk the direction of Stochestic (8,3,3).

Atlast I noticed that, 50 EMA getting failed when the length of the MACD histogram is less. (I interpreted this as the volume is less).

As I am the new member to this thread as well as to this forex market, I have given only few of my observations here. Please dont take it in another way. I am not blaming the systems.

Thanks

when you say the length of the macd histogram is less, what do you mean ?

I mean the height of the histogram line. Please chk the attachment. I have marked it.

Thanks

Hi,

I am new to these systems here so forgive my ignorance feel free to flame me if i get it wrong.

I am looking at the "2 lines" system. The number for today are: "GU- 15650 upper 15587"

According to my chart we closed on the hour chart twice below 15587 as shown in my chart.

Am I supposed to open a short here ?

Thanks

The Candle did close below the 1.5587 , maybe the numbers were a little off, no offense zamanib, I set the number to a whole number, 1.5580 and the trade would have not triggered, even if you triggered a trade and set the sl to 50 , the price went up to 47 pips on the sl and has come down, news coming out at 8:30 est on US , PPI, and Unemployment claims, this should move it one way or the other,

thanks for info

And if it closes below 5580 on the hour where do u place as TP ? 50 Pips or would you look for next support level like 5390 ?

Thanks

gbp usd may close below red sell line at 9:00 am est, if triggered could go 30 to 40 pips . h1 stoch looking to turn down, but more news coming out at 9:00 and 10:00 est, TIC and Philly Fed ,

Dr. Lobo

It looks like you are trading off a 5 minute chart.
I do not trade this system so my advice regarding this system may not be as good as others.
The two line system is a break out system.
Lines of support and resistance are identified, and then if price breaks either you decide do you want to get into a trade.
With any break out system the problem will be false break outs.
If you pull up a 60 minute chart you will see that the candle never closed below the line. It did on the 5 minute chart.
Trading off the 5 minute chart will get you into a trade a lot faster, but it will also give you lots of false break outs.
If you are new to trading I would suggest you consider trading off higher time frames.
I would guess that more than 95% of new traders, trading off the 5 minute chart will bounce from system to system. The thing about indicators is that they look great......AFTER the move has been made. .....you can go back chart after chart saying....if I had taken that trade I would have made money....but then in real trading, other stuff happens.
The two lines provided by Zamanib are great....I don't trade them but he has done a good job of providing them. You may want to trade the supertrend system......this way you are taking into consideration higher time frames and only trading in the direction of the higher time frame.

PGPB

Again -- I stated the rules before---
There is no guess work --- sell the lower line (you like 3 4 5 pips below to cover spread) buy above -- stop is on the other side--
if stop out twice stop for the day -- tp range from minimum 20 --50 pips

I some time double my lots is lose on the 1st entry-- I will only double once)

Also ej gj and Gu already give it 50 pips for today

hi people thanks to all, so let's se if I get that right correct me please if I dont:

1 - we have here 4 systems (excluding the 2 lines that are given)

- Zamanib HiloAvg-Signals_v1 - that consists in the EMA50 (H/L/C), that is applyed to thw 15min chart right? signals trigered when candles close up or above ST ~50pips (or the recross up/down) TP main resistance levels, fibs, ~50pips.
is this the right way to apply it ?
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next :

- SuperTrend - this one is applied to the 15min and to the 4h chart, trigers when both are red/green.
SL ~50pips, TP suport/resist, fibs, 50/00 levels

if it's not this way it ment to work correct me please.
___________________________________
then we have the:

- NonLagMA_v7.1 - applied to the 15min chart, triger buy when green sell when red.
SL ~50pips, TP support/resist , fibs ,50/00levels...

___________________________________

then we have :
- BBANDS~1 - applied to the 15min chart, triger is when dots are blue to buy/sell when red
SL ~50pips, TP support/resist, fibs ,50/00levels...

___________________________________

we also have another indicator the:

- lukas1 Arrows & Curves - that I dont know if it is applied to 15min chart, and I understand that triger is when the arrows appear.

SL ~50pips, TP support/resist, fibs , 50/00levels.

________________________________________________________________

ok descrition is done this is how I setup the charts and now?

-now I look or at least an agreement on at least 2 indicators, I always check the supertrend so I dont enter counter-trend positions, I mean If super trend 15M and H4 is showing buy I only enter long trades, if some other indicator trigered that way.

now my quenstions:

do you guys do it like this or diferent?

It seems to work this way but I have some fakies (I know I have to hadle them if I win more then lose fine to me), so give me your opinions on where I'm doing wrong If not, well it's just because I need to adapt more to these indis

well done to all that helped, here is one more expecting to improve a very good system by it self


PS - wasnt the Trend matrix working well??? that was a very good indicator that takes from us the switching work on supertrend

thanks to all

PSS - not forgetting the 2 lines system, very well done seems reliable and getting profit from it.



Edited by the way the autofibs trad zones I aplly it to the 1h chart, but do they update every day by them selfs or we have to reload the indicator day by day... thanks

earlier on this thread it was suggested that TP should be round numbers like 00, 50, 100, 150, etc. that seems to work ok. you should demo trade all the systems until you feel comfortable.

thanks everyone, i am just using demo account for now untill i get comfortable with the system. Looks like big battle at the 5580 i will short this when it closes under.

bit of a confusion here, are you checking the length of your stochastic or MACD ? in what way does the 50 ema 'fail' when the length of MACD (?) gets less ?


regards

my personal opinion is that the market is ranging today, and shorting will not work much. same for going long at the upper level. dont expect much movement today.


regards

yes, 50 EMA failing when height of MACD is less.

did anybody make any trades on the GU supertrend system today ?
Could you please let me know what they were ?

Thanks

I have a question, the daily candle formatiom , is this considered a hammer candle? Its not a full hammer, I know we have some time left before the day is completed, at this time, Would this be considered bearish or bullish? Is this a reversal or continuation ? We have been in an up trend. Is this the top for now?
The candle is in the blue colored ares.
All comments welcome.
fishman356