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Profit All Day System

  • #341
  • Feb 3, 2011 4:55am Feb 3, 2011 4:55am
Quoting sidefx
Post 318 will explain...you don't use the lower TF emas as entry criteria.
thank you, but can I use the 5m for both buy and sell referring to the 15m for entry
  • #342
  • Feb 3, 2011 5:01am Feb 3, 2011 5:01am
Quoting sidefx
Post 318 will explain...you don't use the lower TF emas as entry criteria.
Oh, you do use them to exit the 30% of the running winner.


If Cubby can confirm this as I asked him on previous page...
I found a penny today. That's +100 pips for me.
  • #343
  • Feb 3, 2011 5:03am Feb 3, 2011 5:03am
Quoting forex1962
Sorry if this ones already been answered, but looking at the Cubby's rules can we not use the 5m for a buy, refering to the 15m, or is this only for a sell?
I'm right with the upward bit aren't I? and lowest low?


Sell entry on 5 minute.
break of the last lowest low. check next highest time frame which is 15 min to see if there is good spacing between the EMA's heading downward. If there is good spacing and EMA's are heading down then you have a great entry.

Buy entry on 15 minute.
break...
5 and 15 min always work together, 15 min and 1 hr.

Your buy and sell summaries appear correct as far as I am aware, but Cubby has said that he doesn't look at higher TF cci above below 90. Just looks at higher TF ma's.
  • #344
  • Feb 3, 2011 5:21am Feb 3, 2011 5:21am
I really like to have things as clear as possible, so having revised my summary would this be correct?
Thanks to all the more experienced traders for their help and advice.
When we get a swing high and CCI +90 does the CCi still have to be +90 at the break/entry point?

Use 5m, 15m, 1h, 4h, 1d (30m not used)

Always check entry signals on higher time frame (ie: trade on 5m confirm on 15m, trade on 15m confirm on 1h)

Example on 5m chart

Buy on 5m chart at latest swing high when CCI above +90 and EMAs all heading up and spacing apart.
Check for same signals on 15m chart CCI not necessary.
Enter trade on next high break.
Stop loss 3 points below last swing low, 70% of Take profit at ½ Stop loss value 30% at 3 EMA crossing down through 13 EMA (on lower time frame).

Sell on 5m chart at latest swing low when CCI below -90 and EMAs all heading down and spacing apart.
Check for same signals on 15m chart CCI not necessary.
Enter trade on next low break.
Stop loss 3 points above last swing high, 70% of Take profit at ½ Stop loss value 30% at 3 EMA crossing up through 13 EMA (on lower time frame).
  • #345
  • Feb 3, 2011 6:19am Feb 3, 2011 6:19am
I am still learning...Cubby, please let me know. Is this a good setup?
http://i54.tinypic.com/2dt2eqp.jpg
Thanks
  • #346
  • Feb 3, 2011 7:34am Feb 3, 2011 7:34am
Could someone confirm:

If all the entry signals are met at the time of the hh or ll does the CCI have to continue to have to be either above or below +90 or -90 at the time of the actual break/entry point?

Hope that makes sense?!
  • #347
  • Feb 3, 2011 7:35am Feb 3, 2011 7:35am
Hello friends..
I put my entry in tf 5min below cci -90 and tf 15 below level 0.0

I´m testing still...

God bless all
Ricardo
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cci.gif Size: 21 KB
Click to Enlarge Name: ccib.gif Size: 22 KB
  • #348
  • Feb 3, 2011 7:36am Feb 3, 2011 7:36am
Quoting forex1962
Could someone confirm:

If all the entry signals are met at the time of the hh or ll does the CCI have to continue to have to be either above or below +90 or -90 at the time of the actual break/entry point?

Hope that makes sense?!
All has to meet not at the time of the HH/LL but at the time of the break.
MT4/MT5 EAs/Indicators/Alerts coder
  • #349
  • Feb 3, 2011 7:52am Feb 3, 2011 7:52am
Hello friends,

See the last trade...

God bless all..

Ricardo
Attached Image (click to enlarge)
Click to Enlarge Name: cci2.gif Size: 20 KB
  • #350
  • Feb 3, 2011 8:25am Feb 3, 2011 8:25am
I just wanted to post this pic of my last trade from yesterday. Take a look at this, A trade that was in for almost 24 hours on the 15 min chart. This doesn't happen to often but hey, it was a good one. Notice how close it got to hitting my SL. My stop was about 4 pips above that top red horizontal line. Phewww.

It's important that you guys do not get emotional about these kinds of trades. It can be very frustrating when a trade like this is in all day and not moving. Try not to pull the trade early for a SL. This is what they call letting emotions get in the way. Don't let it happen.
Attached Image (click to enlarge)
Click to Enlarge Name: pic1.gif Size: 32 KB
  • #351
  • Feb 3, 2011 8:32am Feb 3, 2011 8:32am
Quoting FerruFx
All has to meet not at the time of the HH/LL but at the time of the break.
Ok I think I get it....so when we see a hh or ll this is just the first signal it's actually at the point of the break when we enter the trade that all signals have to confirm, is that right?
  • #352
  • Feb 3, 2011 8:41am Feb 3, 2011 8:41am
Quoting forex1962
Ok I think I get it....so when we see a hh or ll this is just the first signal it's actually at the point of the break when we enter the trade that all signals have to confirm, is that right?
Correct ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #353
  • Feb 3, 2011 8:48am Feb 3, 2011 8:48am
How about this one Cubby?
http://i53.tinypic.com/1e2b82.jpg
Thanks
  • #354
  • Feb 3, 2011 9:01am Feb 3, 2011 9:01am
Quoting Cubbybgood
I just wanted to post this pic of my last trade from yesterday...
Hi Cubby,

nice trade!

But why did you not close 70% at half pips of SL? As it looks you have not taken partial profit...why?

Cheers,
Oliver
  • #355
  • Feb 3, 2011 9:02am Feb 3, 2011 9:02am
Quoting FerruFx
Correct ...
Does the CCI have to match both time frames:
If you were trading 5m does the CCI have to match at 15m at break entry point?

Was this a good trade, I know there was another Swing Low before the break entry, but seemed to be a good trade?
Attached Image (click to enlarge)
Click to Enlarge Name: 3 feb.gif Size: 30 KB
  • #356
  • Feb 3, 2011 9:03am Feb 3, 2011 9:03am
Hi, FerruFx

Yes I really hope I don't go too far as I allow myself to suggest a (little ?) improvement....

Would it be possible to display the spread between the HH and the LL ?

What is your feeling about this suggestion ?

TIA
Best regards

BBF
BigBlackfeet Always on the(forex) war path !
  • #357
  • Feb 3, 2011 9:05am Feb 3, 2011 9:05am
Quoting forex1962
Does the CCI have to match both time frames:
If you were trading 5m does the CCI have to match at 15m at break entry point?
The answer is in post #1
MT4/MT5 EAs/Indicators/Alerts coder
  • #358
  • Feb 3, 2011 9:08am Feb 3, 2011 9:08am
Quoting wira_chan
How about this one Cubby?
Thanks
Looks like you are into some pips with that trade
  • #359
  • Feb 3, 2011 9:09am Feb 3, 2011 9:09am
Quoting Olarion1975
Hi Cubby,

nice trade!

But why did you not close 70% at half pips of SL? As it looks you have not taken partial profit...why?

Cheers,
Oliver

I'm very glad you noticed this. I go to sleep at about 12 pm EST. Because of this I could not watch my trade to remove 70% of it when TP was hit So I just set my TP for 100% of the trade. I did actually leave it in on the demo I have running this week for you guys.

Cubbybgood.mt4live.com
note, I made a mistake on this demo acount. Forgot to take out a trade that should have not been a loss. Oh well, got it out on my live account.

What a trading day with the news so far!!!!
I've locked in some good pips and my 30%'s are going crazy!
  • #360
  • Feb 3, 2011 9:10am Feb 3, 2011 9:10am
Quoting wira_chan
How about this one Cubby?
http://i53.tinypic.com/1e2b82.jpg
Thanks
great trade!

SL should be arround .6194

We were on the right side of the news with this trade! huge pips here.
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