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Would you trade this system? New system #2. 10 replies

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  • #161
  • Jan 6, 2011 6:50pm Jan 6, 2011 6:50pm
So do I...you will definintely be seeing me around more...both you cubby and fxhermit...lol...and to you fxhermit i think ive already got that weird sense of humor lol
No man is free who is not a master of himself. -P.M.-
  • #162
  • Jan 6, 2011 6:57pm Jan 6, 2011 6:57pm
Isn't there a saying that elephants have a long memory? Look at that bottom blue line. Support that's been in place since Nov. and now we have a bounce (o.k. so it's only on this bar so far?) almost to the pip. Man, that always blows my mind when it happens.
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Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #163
  • Jan 7, 2011 12:51am Jan 7, 2011 12:51am
Hello Cubbybgood, where can I find and download your new system? Where can I find a Golden Variaty indicator? Thank you,
  • #164
  • Jan 7, 2011 2:52am Jan 7, 2011 2:52am
He has added it all to the first post of this thread...
No man is free who is not a master of himself. -P.M.-
  • #165
  • Jan 7, 2011 2:56am Jan 7, 2011 2:56am
Hi folks,

is somebody able to create an alert indi if all conditions are met to enter a trade? That would be great, especially for trading more pairs! Just a suggestion...

Best regards!
  • #166
  • Jan 7, 2011 3:36am Jan 7, 2011 3:36am
An alert would be nice and efficient however I'm not sure if that would be possible as with this system it seems you have to consider other factors before taking a trade such as the support and resistance zones and trend lines and things of that nature...Everything could quite possibly line up but you wouldnt want to take a signal directly into a support zone or visa versa. Like for example the last signal on the eur usd 30 minute chart...everything seemed to line up pretty nicely however the price is seeming to be in an area of consolidation around a very strong support line. According to the way cubby trades this trade turned out alright as he sets a 20 take profit and his stop loss is a change of color so this trade would have been fine however you always want to increase your edge and in my honest opinion trading into a support like that may decrease your edge and not always work out for you. Just my honest opinion...But it would still be nice if an alert were possible like that...
No man is free who is not a master of himself. -P.M.-
  • #167
  • Jan 7, 2011 3:48am Jan 7, 2011 3:48am
Quoting pmullin86
An alert would be nice and efficient however I'm not sure if that would be possible as with this system it seems you have to consider other factors before taking a trade such as the support and resistance zones and trend lines and things of that nature...Everything could quite possibly line up but you wouldnt want to take a signal directly into a support zone or visa versa. Like for example the last signal on the eur usd 30 minute chart...everything seemed to line up pretty nicely however the price is seeming to be in an area of consolidation around...

That´s right, at first you must have a look at the chart before entering a trade. But an alert would be really nice if you´re trading more pairs. So it´s easier to find possible entries and you don´t have to watch charts all the time.

Best regards!
  • #168
  • Jan 7, 2011 4:00am Jan 7, 2011 4:00am
Hey fxhermit and cubby have you guys ever noticed how nicely the 10 and 20 ema's handle the price on the eur usd 30 minute chart and 1 hour chart often serving as a clear indicator of a corrective move as price pulls back to the ema's. I don't use ema's for the cross or anything but merely just for the slope,direction and also support and resistance.
No man is free who is not a master of himself. -P.M.-
  • #169
  • Jan 7, 2011 4:08am Jan 7, 2011 4:08am
But in a sense you dont really have to watch all the charts all of the time because with the indies that cubby has provided us...the trend and support resistance indies...it seems you can just attach those to the charts and the golden finger indie does give an alert so upon receiving that alert which shouldnt happen to frequently on the 30 minute and hourly chart than you can assess the market appropriately and decide whether to take the trade...cubby has made it pretty easy where you just look to see if the colors on all the bars match and then you can just see using the automated fib tools and support resistance tool...what levels or roadblocks for price are near...I think that is pretty sweet overall..and makes it really really simple and to a point where you dont really need to be in front of the computer screen at all times.
No man is free who is not a master of himself. -P.M.-
  • #170
  • Jan 7, 2011 8:43am Jan 7, 2011 8:43am
keep in mind that today will be a very difficalt day to trade. today's news and support level will make things speratic and jumpy.

take caution with your trades.


If you do take positions today there is a higher chance of larger then normal DD and also larger SL so watch you're support levels.
  • #171
  • Jan 7, 2011 9:01am Jan 7, 2011 9:01am
I've been having some requests to put up some trading logic for the system so those just finding the system may have a starting point. I'm going to rack my brain and look at the charts closely to see what set strategy will work best with the system.

Some of you know I like to take 20 pip profits for my trades. Just because I like to do this doesn't mean this will be the best set strategy for the system. I will look at all possibilities.

Fxhermit I may ask for your input on this because it seems that what you have going with fib levels on signal bars is working well. I really just don't know if this is a lasting strategy thinking as though ranges can be a lot smaller then expected in regards to the golden finger signal...

I think this strategy could maybe work long term with a clever money management strategy but. we will just have to see on this.

I should have a strategy lined out by the end of the weekend. Keep you posted...
  • #172
  • Edited 9:32am Jan 7, 2011 9:12am | Edited 9:32am
My trade so far....

I'm betting on a move to resistance 2.

See what happens. so far so good...

A bit dangerous of a trade being so close to a resistance peek a 1.5553. There has been some strong movement on the GU this morning and that's why I got in.
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  • #173
  • Jan 7, 2011 9:35am Jan 7, 2011 9:35am
Target hit at resistance 2 1.5559

banked +37 pips on this move.
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  • #174
  • Jan 7, 2011 9:51am Jan 7, 2011 9:51am
Hi ,
I have been carefully following this system and I must admit I have profited close to 300pips just trading EU in the last 2 weeks . I dont know if this would be necessary, but I just wanted to be able to get the signals of Higher TF on the lower ones without having to flip through Time Frames.I have attached a MTF which I just coded sometime last week and Im still trying to free it of some bugs.If anybody finds this useful..Im hoping it could be modified yet further The chart shows how I have my charts for trading, I couldnt get to attach the Golden tendency string and super K{ both crash my terminal .....so if anybody would be kind to give me a alternative link of .mq4 version.} I trade only when I see a trendline break in line with the signal.. ..Thanks...........
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Attached File(s)
File Type: mq4 Golden test.mq4   9 KB | 760 downloads
It takes the Mind to Make Money.............
  • #175
  • Jan 7, 2011 11:22am Jan 7, 2011 11:22am
As for the previous regarding higher time frames, I attach the indicator below to my chart and position it in the top midle so it's not in the way. I don't need the 1 minute time frame, so i change that to 5 minutes, along with upping the rest of them, so that I have the daily trend at the end. This gives me the trend at a glance, and I don't know that anything more than this is really needed. I almost never go against the overall trend of the pair, unless I think it has risen too far too fast. But, I almost alwasys go with the flow.

Cubbly, I like your system and indicators. I have added and subtracted to make it to my personal preference. One other visual thing I added that I find very useful is a 62 EMA in the biggest yellow. I look ONLY for shorts when the pair is below that line, and ONLY for longs when it's above. With the signal given on the Golden Finger, I only have to check out whether or not a trade is brewing after that. Have been using an arbitrary 20 SL and TP and looking to further refine that.
Attached File(s)
File Type: ex4 #Signal_Bars_v7.ex4   43 KB | 706 downloads
  • #176
  • Jan 8, 2011 12:00am Jan 8, 2011 12:00am
Hi paradoxical,

Is there a way to adjust your Signal Bar Indi for a micro (5 place) chart? The readings are 10 times greater than the actual readings.
Thanks.

pipsacker
  • #177
  • Jan 9, 2011 5:13am Jan 9, 2011 5:13am
Hi, read all the thread and have installed all the indicators,
I cant seem to open the instructions, can anybody help
it all looks really good ive used a few of the indicators before
but not all of them, Iam looking forward to the markets
opening tomorrow to see how the "bible" goes
keep up the good work Cubby
  • #178
  • Jan 9, 2011 8:31am Jan 9, 2011 8:31am
Quoting pipsacker
Hi paradoxical,

Is there a way to adjust your Signal Bar Indi for a micro (5 place) chart? The readings are 10 times greater than the actual readings.
Thanks.

pipsacker
I'm with IBFX, and they have 5 digits, such as 1.29082, .99636, etc., and the indicator works OK on my charts. All I did was to change the time frames as shown in my prior post.
  • #179
  • Jan 9, 2011 10:33am Jan 9, 2011 10:33am
Thanks, paradoxical. I have it on an FXDD demo. May have to switch to the IBFX demo.

pipsacker
  • #180
  • Jan 9, 2011 12:07pm Jan 9, 2011 12:07pm
Quoting paradoxical
As for the previous regarding higher time frames, I attach the indicator below to my chart and position it in the top midle so it's not in the way. I don't need the 1 minute time frame, so i change that to 5 minutes, along with upping the rest of them, so that I have the daily trend at the end. This gives me the trend at a glance, and I don't know that anything more than this is really needed. I almost never go against the overall trend of the pair, unless I think it has risen too far too fast. But, I almost alwasys go with the flow.

Cubbly,...
Would you be willing to post your Chart?
Thanks
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