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2wkand4wk line Trading system

  • #81
  • May 9, 2010 9:31am May 9, 2010 9:31am
hi all next week i will watching closely for this currency EUAUD
reversal pa from the 2and 4wkline should be nice to taken long from this point
on weekly tf the reversal candle after the long term downtrend, nice hammer candle form at the bottom,
daily two white candle as the strong bullish pressure from the bottom pullback, on the 240mtf we see the pa confirm to continue after close above 2and 4wkline and break the 55ema as the down trend line, on the 60mtf we can see pa has been close above last 2 week low 2and 4wk line, now see on the 15mtf this is my forecast entry plan ....
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: euauddl2.gif Size: 38 KB
Click to Enlarge Name: euau240m3.gif Size: 41 KB
Click to Enlarge Name: euau60m4.gif Size: 59 KB
Click to Enlarge Name: euau15m5.gif Size: 47 KB
Click to Enlarge Name: euau15m6.gif Size: 49 KB
  • #82
  • May 25, 2010 2:29am May 25, 2010 2:29am
yesterday I used your strategy in demo... itīs very good

thanks friend.
Attached File(s)
File Type: doc wk ema 2-4..... 24 may 2010.doc   87 KB | 324 downloads
  • #83
  • Dec 2, 2010 11:59pm Dec 2, 2010 11:59pm
EU 15MTF ....... Almost reach the target at 2and4wkline ....
Attached Image (click to enlarge)
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  • #84
  • Dec 3, 2010 1:28am Dec 3, 2010 1:28am
I thought this thread had died a natural death. It's good to see you having success - can I ask what your experience has been with this strategy? Thanks.
  • #85
  • Dec 12, 2010 8:50pm Dec 12, 2010 8:50pm
Quoting orientos
I thought this thread had died a natural death. It's good to see you having success - can I ask what your experience has been with this strategy? Thanks.

USDCAD
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  • #86
  • Dec 18, 2010 10:28am Dec 18, 2010 10:28am
Quoting mrhb30jr
USDCAD

what results have you had in the past year on a monthly basis ? which pair and timeframe does this work best in ?
  • #87
  • May 11, 2011 12:21pm May 11, 2011 12:21pm
Quoting whatfx
what results have you had in the past year on a monthly basis ? which pair and timeframe does this work best in ?

Dear sir just check this one may be could help u what should the profit that we could get by using and understand of this simple method to analyst the market,.... enclosure my two weeks trade to using this method the result not so bed... just check it out.........
Attached Image(s) (click to enlarge)
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  • #88
  • May 11, 2011 1:32pm May 11, 2011 1:32pm
hi all here is my set up template for using the method:

No 1 MTF MA set up, 10080 hr, 2 MA, 3 (LWA), using opening price (1)
No 2 MTF MA set up, 10080 hr, 4 MA, 3 (LWA), using opening price (1)

the above MA act as the Resistance or support from weekly period TF

EMA 169 close and 144 close set up Entry to the trade Buy or sell also act as the taken your profit if the PA break those both line,

EMA 365 close, is the range of the trigger position actually same action as your 2wk and 4 wk line this is for the middle trend, and using this line to maintain your SL

RSI 50 as your indicator to indicate the oversold and overbought area

end of the words, u can try this set up and you will understand what should you do keep discipline all the profit is belong to you
Good luck.....

Cheers
Attached Image (click to enlarge)
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  • #89
  • May 12, 2011 2:33am May 12, 2011 2:33am
Example of trade by using this method for AUDUSD this week ......
Attached Image(s) (click to enlarge)
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  • #90
  • May 12, 2011 4:45am May 12, 2011 4:45am
EU 15 MTF today set up
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 46 KB
  • #91
  • May 12, 2011 4:53am May 12, 2011 4:53am
GU another sample of trade in the market
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  • #92
  • May 13, 2011 1:21am May 13, 2011 1:21am
EU today set up here the sample of chart
Attached Image (click to enlarge)
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  • #93
  • May 13, 2011 2:07am May 13, 2011 2:07am
Good to see your posts, love your charts !

My best wishes for further success.




_____________
michael
Be like water.
  • #94
  • May 13, 2011 2:42am May 13, 2011 2:42am
Quoting msmarple
Good to see your posts, love your charts !

My best wishes for further success.




_____________
michael

U wellcome msmarple
  • #95
  • May 13, 2011 2:57am May 13, 2011 2:57am
Quoting mrhb30jr
EU today set up here the sample of chart

Hit TP1 - +40 pips move SL to BE let the PA hit our TP2 1.44xx

Cheers
Attached Image (click to enlarge)
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  • #96
  • May 13, 2011 3:58am May 13, 2011 3:58am
Quoting whatfx
what results have you had in the past year on a monthly basis ? which pair and timeframe does this work best in ?

Dear whatfx,

here this week result for my micro account using this method
not so bad
Attached Image(s) (click to enlarge)
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  • #97
  • May 13, 2011 10:55am May 13, 2011 10:55am
Quoting mrhb30jr
Hit TP1 - +40 pips move SL to BE let the PA hit our TP2 1.44xx

Cheers
Well done..... your RSI set at 50 seems to give good major turning points as well.

I tried to search for your version at codebase.msql and forex-tsd, but couldnt find it. Did you develop this on your own ?

I also notice that sometimes the 40 level, then again the 50 level is used by you as significant mid-level. Is this according to the timeframe you use ?

I would of course be very grateful if you could share your version or tell me where I can find it. But I understand if you keep it for your own use only.

The best alternative RSI versions still seem to me the THV versions showing divergence, and the Brooky-indicators versions.

What do you think ?

Always learning from you, please continue posting if you have time.

Best regards,


_____________
michael
Be like water.
  • #98
  • May 13, 2011 9:22pm May 13, 2011 9:22pm
Quoting msmarple
Well done..... your RSI set at 50 seems to give good major turning points as well.

I tried to search for your version at codebase.msql and forex-tsd, but couldnt find it. Did you develop this on your own ?

I also notice that sometimes the 40 level, then again the 50 level is used by you as significant mid-level. Is this according to the timeframe you use ?

I would of course be very grateful if you could share your version or tell me where I can find it. But I understand if you keep it for your own use only.

The best alternative RSI versions...

Hi michael,

thanks for your feed back
Rsi indicator i'm just using my old version but the point to using this indi is only to see the oversold area and overbought area only

RSI with Trend Catcher signal
Copyright 1999-2007, MetaQuotes Software Corp.
http://www.metaquotes.ru

Rsi setting to 50 is working well at the lower Time frame from 60M to 1M time frame.

Turning point of the reversal Price movement, we need to observe the MA
line and The Price action (ie IB, Pin Bar, Outside Bar that important)

overall this method is divide by three term of the trend movement

1. 2Ma and 4Ma line from weekly tf is the major trend
2. 144ma & 169 and 365 is the middle trend
3. 27ma & 55ma is the lower trend

Cheer
  • #99
  • May 14, 2011 9:44am May 14, 2011 9:44am
Dear all now here as sample that 2MA and 4 MA is the major trend for long term price movement

now enclosure the NU 240 MTF this year 2011 price movement from January 2011

now just check the movement price this recent week from 1hr to 1M tf

cheer
Attached Image(s) (click to enlarge)
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  • #100
  • May 15, 2011 10:07pm May 15, 2011 10:07pm
Hi all, just share my plan for this week of NU currency using this method

Attached chart,
D1 - 123s formation break out
4hr, 1hr and 15MTF ......

Cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nu d1.gif Size: 25 KB
Click to Enlarge Name: nu 4hr.gif Size: 49 KB
Click to Enlarge Name: nu 1hr.gif Size: 73 KB
Click to Enlarge Name: nu 15mtf.gif Size: 71 KB
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