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Multiple Trading systems gbpusd only

  • #661
  • Sep 20, 2010 1:27pm Sep 20, 2010 1:27pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd 1 min.gif Size: 41 KB


If you want to change the 60 LW ma to a 100 LW ma at the close and you can see it followed the down trend without crossing over to get the full amount of pips.
  • #662
  • Sep 20, 2010 1:54pm Sep 20, 2010 1:54pm
Quoting icpip
+35 on 15min supertrend
+50 and still going on 50ema.
Not bad for today.
have to leave, closing trade.
close 50ema at +60 for the day.
95 pip for today.
pip26 and fishman, thank you for the comment.
  • #663
  • Sep 20, 2010 2:00pm Sep 20, 2010 2:00pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd h1.gif Size: 44 KB


One more pic of the H1, I added the the yellow line back in as the 60 LW MA, and the red line is 100 LW ma.
The first rule I think of trading this system or any system for that matter,
is " Check the News for that pair first, past and upcoming news, you will have time to get your trade in.
Thanks again zamanib, great simple system.
  • #664
  • Sep 20, 2010 2:34pm Sep 20, 2010 2:34pm
My focus on rangebars and my triple crown systems
1. 2lines--- sell give over +50 pips
2. Zibtrend over +70 pips
3. Fxtradewin ove + 70 pips

plus the 2 loss -61 and -53

I will comment on the other systems soon

50ema on 1hr -- that all you need -- the other time frame are just there to give you the bigger picture-- trend support resistance--

50 ema is traded only on the 1hr signal buy above sell below
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #665
  • Sep 20, 2010 4:00pm Sep 20, 2010 4:00pm
updates on my 3 systems -- triple crown
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2lines.gif Size: 17 KB
Click to Enlarge Name: fxtradewin.gif Size: 13 KB
Click to Enlarge Name: zibtrend.gif Size: 13 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #666
  • Sep 20, 2010 4:08pm Sep 20, 2010 4:08pm
Quoting icpip
have to leave, closing trade.
close 50ema at +60 for the day.
95 pip for today.
pip26 and fishman, thank you for the comment.
what are you trading ?
  • #667
  • Sep 20, 2010 4:11pm Sep 20, 2010 4:11pm
2 lines for tomorrow -- these lines can be consider support and resistance line

GU -- 15581 upper 15519 lower
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #668
  • Sep 20, 2010 5:51pm Sep 20, 2010 5:51pm
Quoting DrLobo
what are you trading ?
only gbpusd as it is the main focus of this thread.
If that answer your question, if not, I'm sorry if I misunderstood.
  • #669
  • Sep 20, 2010 7:47pm Sep 20, 2010 7:47pm
Quoting zamanib
updates on my 3 systems -- triple crown
Zamanib, if we followed ur instruction on buying or selling at the close of the candle on the 2lines above or below the lines, then the buy signal would've given 12 pips on the buy, and not 27. Even ur chart shows this. Correct me if am wrong.
A missed Money is better than a lost Money
  • #670
  • Sep 20, 2010 8:14pm Sep 20, 2010 8:14pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd d1.gif Size: 25 KB


In the lower indicator window I drew a red trend line on the rsi 8, and as you can see it bounced off the trend , the pricre action came down to and hit the 60 lm ma, now it is heading higher. Watch for the break of that trend line sometime down the road.
fishman356
  • #671
  • Sep 20, 2010 8:32pm Sep 20, 2010 8:32pm
Attached Image (click to enlarge)
Click to Enlarge Name: 15min003 2010-09-20, 20_25_11.jpg Size: 130 KB


buying on 15min at 1.5550, 4hr supertrend is a buy.
  • #672
  • Sep 20, 2010 8:36pm Sep 20, 2010 8:36pm
Quoting kknotty
Zamanib, if we followed ur instruction on buying or selling at the close of the candle on the 2lines above or below the lines, then the buy signal would've given 12 pips on the buy, and not 27. Even ur chart shows this. Correct me if am wrong.
I never said close of candle -- I said spread -- may be 4 to 5 pips
anyways we recorded this trade as loss-- our minimum tp is 25 pips on 2lines
and 30 pips on ziptrend and fxtradewin
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #673
  • Sep 20, 2010 10:00pm Sep 20, 2010 10:00pm
I watch when the price goes thur the line and it has a good run I will take it, plus watch the clock and see how much time until that next hour,
Federal Funds Rate tomorrow at 2:15 est , also new from gbp , public sector net borrowing at 4:30 est, US news at 8:30 est , building permits and housing starts,
  • #674
  • Sep 20, 2010 10:14pm Sep 20, 2010 10:14pm
Quoting zamanib
look at the chart I spell it out

I am talking about the concept of waiting for the candle to close then enter (on 2lines)

look the regular chart if we wait for candle to close -- compare to rangebar chart

Pls clarify on the 2lines entry since u said you never mentioned close of the candle b4 entry. I dont mean to argue, just seeking better understanding.

Also, check post 608 for comment on chart post as a prelude to post 611...Thanks.
A missed Money is better than a lost Money
  • #675
  • Edited Sep 21, 2010 12:29am Sep 20, 2010 11:15pm | Edited Sep 21, 2010 12:29am
ok, GBPUSD crossed the upper line. I entered but I skeptical today. there is not much movement at the moment.

i am in, and it turned red. looks like a lost trade to me. there has to be more then jus the cross of the lines. at the moment i entered there was no volume activity...
  • #676
  • Sep 20, 2010 11:17pm Sep 20, 2010 11:17pm
Quoting kknotty
Pls clarify on the 2lines entry since u said you never mentioned close of the candle b4 entry. I dont mean to argue, just seeking better understanding.

Also, check post 608 for comment on chart post as a prelude to post 611...Thanks.
on a regular time chart, it is just a cross above the upper line or cross below the lower line.

on 15pip range bar chart which he is working on. he waits for the close above or below for confirmation to enter the trade.
  • #677
  • Sep 20, 2010 11:55pm Sep 20, 2010 11:55pm
Interesting thread - will read thru and join the discussions shortly

George
Low Risk Low Stress High Reward High Probability Trades
  • #678
  • Sep 21, 2010 1:37am Sep 21, 2010 1:37am
Quoting nkhawaja
on a regular time chart, it is just a cross above the upper line or cross below the lower line.

on 15pip range bar chart which he is working on. he waits for the close above or below for confirmation to enter the trade.

I appreciate ur comment and explanation. But pls let Zamanib speak for himself. He's way above us on this pair.

Moreover, I know that just like the 50ema, the 2lines work better on 1hr time frame.
A missed Money is better than a lost Money
  • #679
  • Sep 21, 2010 1:53am Sep 21, 2010 1:53am
Quoting whatfx
???

the short on the 2 lines was 15593 (the lower line). you would have entered short below this level. so i have no idea how you entered short at 15642 ? this is not the 2 lines. i think you are following your own ideas ?

regards
he gave u 2 lines to use it the way u can profit sir
  • #680
  • Sep 21, 2010 2:05am Sep 21, 2010 2:05am
Quoting fxrambo
he gave u 2 lines to use it the way u can profit sir

I said many times -- the 2lines are like support and resistance --
I buy above sell below-- you can place order 4 or 5 pips above or below (to cover spread) stop is on the other side --
From 1st september to 20th september we only had 2 losses

any trade that give less than 25pip (excluded spread) is consider a loss

18 trades ---- 16 win 2 loss 89% losing pips 122 wining 982

we will post our data sheet at the end of the month on the triple crown system-

We are analysing the data-- so far

2lines -- any trade with less than 25 pips is loss
zibtrend and fxtradwin -- any trade with less than 30 pips is loss

I hope this clear up some confusions
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
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