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My own developed benkyalate system

  • #2,601
  • Mar 26, 2011 2:48pm Mar 26, 2011 2:48pm
Quoting Swamp Yankee
The link has expired.

I got here via further study of bollinger bands and booker bands.

Thanks to mike x and big jay and others for keeping a cool thread alive.

see mike i like to laugh too!

Don't let the @ get you down. Lot of good people getting benefit from your posts...
imbfo


good trading!
Thanks swamp, great attitude ! I like that.
I just get pissed once in a while when some want THE magic indicator.
The real issue is what to do with them ?
In my opinion, the best ones are either cheap or free !!!
The trader needs to have an entry plan, a profit taking plan and an emergency exit plan, and this is the hard part to explain to newbies who haven't done at least 1000 hours of screen time, especially when you are a technical price action trader.
Anyway, I'm happy to hear that my tough love arrogance makes some smile!
I'm Mr.Wonderful without the patience !!! If you don't have a big ego in this vaulture trench business, you are screwed.
I hope you are making tons of pips with your setup.
The one who dies with the most toys, wins !

Pip it Up !

BigMike
  • #2,602
  • Mar 27, 2011 5:31pm Mar 27, 2011 5:31pm
Quoting Big Mike
As I posted on another thread, here is my plan before the closing of the market:
I only risk 1% total on each trade and I open 3 positions per trade (.33% per position) since we are Friday and a lot can happen over the weekend.

Pending Order, Short, Aussie at 1.0186, SL 1.0310
Pending Order, Short, Kiwi at .7485, SL .7670
Pending Order, Short, EURGBP at .8773, SL .8960

Those are my picks. Remember, these are at 1% per total trade (.33% per position), not my usual 3% per total trade. (1% per position).

My swissy trade remaining 2 positions...

Ok, order filled on EURGBP, Short, TP on 1 position at .8708

BigMike
  • #2,603
  • Mar 27, 2011 5:42pm Mar 27, 2011 5:42pm
GBPUSD looks like it could be a buy now. It is at a level of support extending back to mid February 2011. Could anyone please share their thoughts about this one? Thank you. Chris
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  • #2,604
  • Mar 27, 2011 10:44pm Mar 27, 2011 10:44pm
Quoting chris2020
GBPUSD looks like it could be a buy now. It is at a level of support extending back to mid February 2011. Could anyone please share their thoughts about this one? Thank you. Chris
Hi chris,

Look at the daily chart. Recent lows at .5960-70 , so in my opinion there is still some juice.
Or, you could take the trade and add some SL breathing room.
I'm extra cautious as you can see ! It would still be a 3 to 1 ratio if you can endure 100-150 pips DD till it goes to it's recent hight at .6300 - .6400, which are the highest since 2 years+.

I'm just giving these infos so all can see how planning a trade is a lot of work and also to see how my trader mind works (if any left).
Most will start realizing why I sometimes (often!), loose patience with people just wanting signals.
Oh, there is also correlation at the moment with pairs and they too indicate room to go lower, but that's enough for now, my posts are always long and boring !

Also, remember your decision is as good as mine !!!

Pip it Up !
  • #2,605
  • Mar 28, 2011 11:11am Mar 28, 2011 11:11am
cant reiterate enough about big mike's comment on having a plan. having a plan is essential to being a profitable trader.

i use COG to pick my direction/bias. i then draw trendlines on the bigger TFs and plan on entering on resistance (trendline, pivots, LH, HH, etc.). i place my stop loss on the last swing. if i get stopped out, then i look for the next resistance to enter.

once i'm in, i move my stop loss to BE at ~+30-40 pips.i take 70% profit on the midline and let the rest run til COG gives another signal for the opposite direction. this is how you let your winnings run and limit your losses.

i dont have the gonads like big mike to have the big stop loss. it's just the different styles of trader. you must choose on which one you are. the bottom line is if you are profitable and comfortable, then go with it!

good luck all!

j-

ps
currently long cable
  • #2,606
  • Mar 28, 2011 12:22pm Mar 28, 2011 12:22pm
Quoting Big Mike
jgimenez,

Read my prior posts a few pages back.
It would take 6 years to explain all the details and then some...
Not that I don't want to share, but the best camera will only take the best pictures in the hands of the best photographer.
These kind of posts are making me consider starting a signal service...
I'm actually working with a signal platform provider on this...

BigMike
Thanks Mike, i know what you mean, i am only 21 days in forex .D full!...

after messing up with all the indicators i think i have what i need...

is a combination of varius strategys.. (sorry english plz)

i hope it works. this it is:

4H EMA 5 and EMA 10, RSI and STHO, wait for trend signal..
15M MACD wait for signal according to 4H..

1M Paulus OAN wait for signal according to 4H - 15 M always with the trend...

Till now is working. what do you think , its ok?

My regards.
  • #2,607
  • Mar 28, 2011 1:42pm Mar 28, 2011 1:42pm
Quoting jay_x
cant reiterate enough about big mike's comment on having a plan. having a plan is essential to being a profitable trader.

i use COG to pick my direction/bias. i then draw trendlines on the bigger TFs and plan on entering on resistance (trendline, pivots, LH, HH, etc.). i place my stop loss on the last swing. if i get stopped out, then i look for the next resistance to enter.

once i'm in, i move my stop loss to BE at ~+30-40 pips.i take 70% profit on the midline and let the rest run til COG gives another signal for the opposite direction. this...
Great post Jay !

BigMike
  • #2,608
  • Mar 28, 2011 3:09pm Mar 28, 2011 3:09pm
Quoting jay_x
cant reiterate enough about big mike's comment on having a plan. having a plan is essential to being a profitable trader.

i use COG to pick my direction/bias. i then draw trendlines on the bigger TFs and plan on entering on resistance (trendline, pivots, LH, HH, etc.). i place my stop loss on the last swing. if i get stopped out, then i look for the next resistance to enter.

once i'm in, i move my stop loss to BE at ~+30-40 pips.i take 70% profit on the midline and let the rest run til COG gives another signal for the opposite direction. this...
I have a stupid question:

I see people referring to one of the forex crosses as cable. Which cross are you referring to?

I know I know there are no stupid questions just stupid people asking questions.

rb
  • #2,609
  • Mar 28, 2011 5:23pm Mar 28, 2011 5:23pm
Quoting rbchapin
I have a stupid question:

I see people referring to one of the forex crosses as cable. Which cross are you referring to?

I know I know there are no stupid questions just stupid people asking questions.

rb
Cable is for GBP/USD.

I am also long for cable, H4 and daily are both saying long.
  • #2,610
  • Mar 30, 2011 4:16am Mar 30, 2011 4:16am
sell 85.58 for ~180 pips. SL 50.
  • #2,611
  • Mar 30, 2011 6:31am Mar 30, 2011 6:31am
Quoting Big Mike
These kind of posts are making me consider starting a signal service...
I'm actually working with a signal platform provider on this...

BigMike
You should better think about building a complete video training session that you could sell on internet. Once it will be done, no more work to do.
Having a signal service is being slave somewhere, need to be there.
  • #2,612
  • Mar 30, 2011 3:31pm Mar 30, 2011 3:31pm
Quoting Foreign Mark
You should better think about building a complete video training session that you could sell on internet. Once it will be done, no more work to do.
Having a signal service is being slave somewhere, need to be there.
Thanks for the advice Mark.

BigMike
  • #2,613
  • Edited 6:20pm Mar 30, 2011 6:00pm | Edited 6:20pm
Quoting Big Mike
As I posted on another thread, here is my plan before the closing of the market:
I only risk 1% total on each trade and I open 3 positions per trade (.33% per position) since we are Friday and a lot can happen over the weekend.

Pending Order, Short, Aussie at 1.0186, SL 1.0310
Pending Order, Short, Kiwi at .7485, SL .7670
Pending Order, Short, EURGBP at .8773, SL .8960

Those are my picks. Remember, these are at 1% per total trade (.33% per position), not my usual 3% per total trade. (1% per position).

My swissy trade remaining 2 positions...
Ok, here is a follow up on my Swissie trade.
Took second position profit at .9250. +194
Third position still opened, moved SL at .9120, protecting +64.

Pip it Up !

BigMike
  • #2,614
  • Mar 30, 2011 6:19pm Mar 30, 2011 6:19pm
Quoting Big Mike
As I posted on another thread, here is my plan before the closing of the market:
I only risk 1% total on each trade and I open 3 positions per trade (.33% per position) since we are Friday and a lot can happen over the weekend.

Pending Order, Short, Aussie at 1.0186, SL 1.0310
Pending Order, Short, Kiwi at .7485, SL .7670
Pending Order, Short, EURGBP at .8773, SL .8960

Those are my picks. Remember, these are at 1% per total trade (.33% per position), not my usual 3% per total trade. (1% per position).

My swissy trade remaining 2 positions...
Aussie Trade, entry at .0186, stopped out. -124 (1% trade total)
Kiwi at .7485 did not trigger, so no trade. (came close to .7488)
EG at .8773, triggered (-15 at the moment)(1% trade total)

On the radar (NOT A TRADE): CAD long, UJ short, Swissie short, will see tomorrow or Friday what's the plan.

Pip it Up !

BigMike
  • #2,615
  • Apr 5, 2011 3:43am Apr 5, 2011 3:43am
Quoting Big Mike
Aussie Trade, entry at .0186, stopped out. -124 (1% trade total)
Kiwi at .7485 did not trigger, so no trade. (came close to .7488)
EG at .8773, triggered (-15 at the moment)(1% trade total)

On the radar (NOT A TRADE): CAD long, UJ short, Swissie short, will see tomorrow or Friday what's the plan.

Pip it Up !

BigMike
Closed Swissie st 9250
Closed EG at 8250

I thought it was not appropriate to post my trades in this thread.
So if any interested, I opened my first thread with my trades starting this week, april 4th.

BigMike
  • #2,616
  • Edited 10:50am May 11, 2011 7:31am | Edited 10:50am
Ich tried the CoG Method as described by Oan with the "obama" Template on the Tradesim with a 4H chart , first without a sl then with a sl of 200.
TP targets are the middle line the rest BE and then the upper line as secound TP .
Well to make a long story short its not making profit with last years data on EU

I was so euphoric when i read to this thread now iam a bid disapointed , well not a new feeling but if anyone is making money with it let me now , if i just waste my time on this setup or if its worth triing it harder

Anyway , why ist this under "Commercial" even if that oan guy had a link to his webpage the system itself its totaly free as far as i can see.
Strange rules here
  • #2,617
  • May 12, 2011 10:30am May 12, 2011 10:30am
Hi,

I do trade cog on 4H and daily with success.
You can see my blog http://www.foreign-market.com but sorry it's in french ;-)
  • #2,618
  • May 14, 2011 4:05pm May 14, 2011 4:05pm
Quoting Foreign Mark
Hi,

I do trade cog on 4H and daily with success.
You can see my blog http://www.foreign-market.com but sorry it's in french ;-)

Apologies for beeing french accepted Anyway i see you using a cycle indicator which was also shown here , dont they repaint like hell? Or do you mainly use the belk timing above?
And well i dont understand a single french word but you write something about 1% 2% risk per trade , but how you set a sane sl for this strat?
  • #2,619
  • May 15, 2011 9:30am May 15, 2011 9:30am
I use Stop loss from 100 to 300 pips meaning for a 1% to 3% risk you need to adapt your money management and the size of the lot. For exemple for a 2% risk and a 100 pips Stop loss I need 50k$ to trade one standard lot (or 5k$ for a mini lot).

Yes, the cog does repaint but when I get a signal I take it and it works so I don't care about the repaint thing.

The indicator that I use with cog is not the belkhayate timing but one optimized version of it called Vostro, it's not a free version but it is very efficient on 4h and daily for also for 5min scalping, you can see this indicator here: http://www.foreign-market.com/vostro
  • #2,620
  • Edited 11:58pm May 15, 2011 11:03pm | Edited 11:58pm
A quick search on the net re vostro indicator...

http://www.4shared.com/get/SwG57o8P/Vostro_2010.html

Search for Vostro with Alert...

http://www.4shared.com/get/Qxie9Hxz/...ith_Alert.html

Search for Goldbands with alert...

http://www.4shared.com/get/OIj5GO6b/...ith_Alert.html

Search for Belkhayate pack...

http://www.4shared.com/get/mTtl3dp2/Belkhayate.html

I use the Goldbands (without the bands, just the line) with much success along with the ireg barrycentre indicator setup as 1.618 & 1.272 again with much success on a 1hr timeframe

All the best

Xard777
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