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  • #1,221
  • Jun 18, 2011 11:14am Jun 18, 2011 11:14am
Quoting maxwell-eqtn
Even though the TMA or stoch might repaint from time to time, it is not too much to offset a trade. From my experience with dealing with the system I have noticed that most of the trades you posted will be very very good trades in real time. So I think the 405 pips are very possible to make, you gonna need to be there to watch.... may be.
Looking back on Friday for EU...I'm wondering how many people took this 240 MOM trade (vertical line on screenshot). It was good for 65 pips. This is a textbook setup for a long, isn't it?

I know the answer...no one. No one took this trade on Friday.

Does everyone understand why no one took this trade on Friday?
Attached Image (click to enlarge)
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  • #1,222
  • Jun 18, 2011 11:23am Jun 18, 2011 11:23am
Quoting zznbrm
Looking back on Friday for EU...I'm wondering how many people took this 240 MOM trade (vertical line on screenshot). It was good for 65 pips. This is a textbook setup for a long, isn't it?

I know the answer...no one. No one took this trade on Friday.

Does everyone understand why no one took this trade on Friday?
I didn't took it cause i didn't knew about this lovely system
  • #1,223
  • Jun 18, 2011 12:15pm Jun 18, 2011 12:15pm
Quoting zznbrm
Looking back on Friday for EU...I'm wondering how many people took this 240 MOM trade (vertical line on screenshot). It was good for 65 pips. This is a textbook setup for a long, isn't it?

I know the answer...no one. No one took this trade on Friday.

Does everyone understand why no one took this trade on Friday?
I am getting very tired of you coming on this thread disrupting the forward progress.

You continue to push the same argument that we should use your indicator TMA true.

I entered the trade and closed it out and entered again.The screen shot is posted below.

If I would have used your indicator I would not be in these extra trades.

I have taken alot of time to consider these things.

I have laid out a strategy and system with indicators already.
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  • #1,224
  • Jun 18, 2011 12:17pm Jun 18, 2011 12:17pm
I trade only when price is outside TMA channel and other indicators match.
  • #1,225
  • Jun 18, 2011 12:20pm Jun 18, 2011 12:20pm
Quoting kevinator
I am getting very tired of you coming on this thread disrupting the forward progress.

You continue to push the same argument that we should use your indicator TMA true.

I entered the trade and closed it out and entered again.The screen shot is posted below.

If I would have used your indicator I would not be in these extra trades.

I have taken alot of time to consider these things.

I have laid out a strategy and system with indicators already.
You gave us a good strategy and people are still lazy to read.

BTW Thanks!
  • #1,226
  • Jun 18, 2011 12:21pm Jun 18, 2011 12:21pm
Quoting zznbrm
Looking back on Friday for EU...I'm wondering how many people took this 240 MOM trade (vertical line on screenshot). It was good for 65 pips. This is a textbook setup for a long, isn't it?

I know the answer...no one. No one took this trade on Friday.

Does everyone understand why no one took this trade on Friday?
Let me have a stab

TMA would have been in the upper band and 1H stoch going down

BUT I did get in the trade much earlier on and thanks to this system

see the first line
Attached Image (click to enlarge)
Click to Enlarge Name: did.gif Size: 22 KB
  • #1,227
  • Jun 18, 2011 12:23pm Jun 18, 2011 12:23pm
Yeah I know,

I got in late here and the trade still worked out.I was answering emails at the time.

Correct entry is outside the TMA for the experienced and with the Rf signal for the new traders until you get 15 trades then you will get it.

He keeps trying to get me to change the system around and it already works fine.

He is on his last leg.I listen to suggestions and will explain the strategy to a new trader 100 times a day with a smile.But when one of the old FF members come to this thread and fully understand what I am doing and still try to disrupt our progress....well he is on his last leg here.

New traders me and the others stand behind you 100% and there is no question we will not answer so if you are curious just ask and we will do our best to answer it.

To the old members bitter of our success..we will deal with you accordingly.
  • #1,228
  • Edited 1:29pm Jun 18, 2011 12:27pm | Edited 1:29pm
Quoting kevinator
I am getting very tired of you coming on this thread disrupting the forward progress.
Is it really disruptive? It is a simple question and it is a Saturday. You instructed everyone to check back through the charts to see how profitable this system is. I did that. I saw a trade on Friday that looks perfect. So I posted a question about it. What's the problem with that?

Quote
You continue to push the same argument that we should use your indicator TMA true.

I am certainly NOT pushing for you to use the TMATrue indicator. I did not even mention the TMATrue indicator in my previous post.

Quote
I entered the trade and closed it out and entered again.The screen shot is posted below.

So, that I am clear. You are saying that on Friday @ around 8:30 AM EDT, you noticed PA hitting the lower line of the TMA. You saw that the H4 Stoch was stepping up. You then waited for the Retracement Finder to indicate a long trade. At that time your criteria for a 240 MOM trade was met, so you entered long. Do I have this correct?

Edit: Oops, pushed the wrong buttons and got banned. As the thread creator, that is certainly within your rights to do so. Normally, I would delete my previous posts at this time, but I think I will leave them here in the hopes that some of the newbies will understand what exactly I am saying. It is obvious that peterporter and a few others understand.

And no kevinator, I was never trying to get you to change your strategy and/or indicators. I wish you much success with your system and a long and prosperous career in forex trading.
  • #1,229
  • Jun 18, 2011 12:39pm Jun 18, 2011 12:39pm
Wow. I am so happy that I ran across this thread. The help people have shown here has been tremendous - thanks for that, its inspiring. Kevin, thanks for all of your dedication and willingness to teach people. Glad I'm here and learning! John, big props to you also.
  • #1,230
  • Jun 18, 2011 12:43pm Jun 18, 2011 12:43pm
Quoting peterporter
Let me have a stab

TMA would have been in the upper band and 1H stoch going down

BUT I did get in the trade much earlier on and thanks to this system

see the first line
peterporter,

I was looking at this as a potential 240 MOM trade, so the H1 stoch was not a factor.

But yes, your reasoning is exactly why the trade in my original question was not actually a valid trade at all. Thanks for taking the time to answer my question, providing a screenshot and nice explanation of your reasoning.
  • #1,231
  • Jun 18, 2011 12:49pm Jun 18, 2011 12:49pm
You listen to me sir

Do not disrespect or challenge peter.

I think you are done here.

You are sneaky with your nasty comments and slip them in causing doubt or confusion with the new traders.

We have taken live trades.

We have posted chart after chart after chart.

If you were a new trader I would have patience but you fully know what we are talking about and still disregard and disrespect us here.

With your "why did no one take those trades" rhetoric.

We took those trades closed them and got more.

I am done wrestling with you and these are the reasons what happened to you happened to you.
  • #1,232
  • Jun 18, 2011 1:31pm Jun 18, 2011 1:31pm
Quoting peterporter
Let me have a stab

TMA would have been in the upper band and 1H stoch going down

BUT I did get in the trade much earlier on and thanks to this system

see the first line
Now i'm confused the 4h stoch didn't point on buying? I mean the 4h more important then the 1h doesn't he?
  • #1,233
  • Jun 18, 2011 1:52pm Jun 18, 2011 1:52pm
Hi Kev,

You are genuinely trying to help others to make a success of your strategy, with your positive vibes and willingness to listen and guide others towards success, I am glad that you intend not to allow this method/thread to be cluttered with unecassary indicators/improvements which will serve to confuse.

The method you have given us is ok as it is, as you have proven.

Keep up the good work.

All the best,
Dave
  • #1,234
  • Jun 18, 2011 2:29pm Jun 18, 2011 2:29pm
Quoting Tal1983
Now i'm confused the 4h stoch didn't point on buying? I mean the 4h more important then the 1h doesn't he?
Hello

Do not be confused.What we are doing here is simple.

MOM=Momentum

We look to the 240 stoch which is the 4hr for overall trend direction.

We are trading the 5m chart with the majors minus usdjpy.We also trade eurjpy and sometimes gbpjpy.

If the 4hr stoch is going up we then look into the TMA channel.

Price should be going in the direction of the 4hr stoch.

When price pulls back to the lower channel we will enter a trade going in the direction of the 4hr trend.

So we are buying or selling pullbacks.Then a release of energy in the direction of the trend.

Exit is the top of the TMA...unless you get a good enough surge that you think price will continue then we will hold the trade and let it run.

If the 4hr stoch is in one direction we should get a good move.If the 4hr and the 1hr stoch match then we get a great move.

Primarily we are looking at the 4hr though.

Your first time trading use the retrace finder indi to enter in the direction of the 4hr stoch once it has bounced off the TMA.

If you have taken trades with us before just enter when price crosses the line as we know it will then continue in the direction of the major trend.


Surge in the direction of the major trend,..............pulll back (entry) to the opposite TMA............energy release in the direction of the major trend.


Surge in the direction of the major trend,..............pulll back (entry)to the opposite TMA............energy release in the direction of the major trend.


Surge in the direction of the major trend,..............pulll back (entry)to the opposite TMA............energy release in the direction of the major trend.

You are taking the major parts of the 4hr trend as it moves in its path.

We use the pullbacks as entry points.

New traders us the rf finder as a trigger to enter.

After you get a few trades you enter at the line.
  • #1,235
  • Jun 18, 2011 7:01pm Jun 18, 2011 7:01pm
I found this thread earlier this week what a great system. I am yet to trade it though. I had at look at the possible USD/CHF trades we could have taken using MOM approach. Here is a screenshot of what could have happened this week. I believe Kevin was trading these and confirmed they were in profit in his posts.I have commented and my interpretation of this part of the system is displayed.



Attached Image (click to enlarge)
Click to Enlarge Name: CU 240 Stoch Analysis.png Size: 201 KB
  • #1,236
  • Jun 18, 2011 9:29pm Jun 18, 2011 9:29pm
Many Thanks to Kevinator for this system, this is no attempt to change it in any way just want to share my rules that I will use and post the results on a live account.

hi all been looking at this system and posts now and here are the rules for this system that I will use next week. I will be trading live with 1 micro lot only.

1. use 4 hr stochastic as the trend guide.
2. wait for price to move outside or to extreme of TMA.
3. look for Retracement finder bar in direction of 4 hr stochastic.
4. sell a break of the low of this bar. (conservative entry).
5 Default stop loss 25 pips 50 pip trailing stop.
6. Close position if stochastic indicator closes with a opposite color or trailing stop is hit.
7. Only 1 loss allowed per session from 0:00 GMT to 0:00 GMT and only 1 win after that the dealing is over until next session- after 0:00 GMT.

Thats it stay tuned I will attempt to post each trade.

Thanks!
  • #1,237
  • Jun 18, 2011 9:44pm Jun 18, 2011 9:44pm
Just did a really cool coin flip game it really helped my understand probabilities much better and positive expectancy and how random the market can be...

take a coin heads -25 tails you win +50 go thru 10 20 or more even flips and see what happens even with only 50 percent wins if they are double the loss your still ahead very interesting little experiment in randomness and the market paradox.

create positive expectancy.
  • #1,238
  • Jun 19, 2011 1:33am Jun 19, 2011 1:33am
Quoting kevinator
Hello

Do not be confused.What we are doing here is simple.

MOM=Momentum

We look to the 240 stoch which is the 4hr for overall trend direction.

We are trading the 5m chart with the majors minus usdjpy.We also trade eurjpy and sometimes gbpjpy.

If the 4hr stoch is going up we then look into the TMA channel.

Price should be going in the direction of the 4hr stoch.

When price pulls back to the lower channel we will enter a trade going in the direction of the 4hr trend.

So we are buying or selling pullbacks.Then a release of...
Thank you very much!!
  • #1,239
  • Jun 19, 2011 1:39am Jun 19, 2011 1:39am
Quoting jmw1970
Hi Tal1983

unfortunately I cannot help you unless you provide detailed information as to what is happening.

I am not sure of your level of technical expertise with Metatrader, so it is not so easy.

If an indicator (and this is any indicator) does not load there are 2 tabs in the Terminal section of metatrader that can help you,

one is titled "Experts" the other "Journal", you should look at these tabs and when specifying a problem list any messages that are associated with the indicator you are trying to load.

Alternatively we...
Thank you! Now everything just fine (i'v got the TMA also) after i downloaded kevin update 3
  • #1,240
  • Jun 19, 2011 2:07am Jun 19, 2011 2:07am
Hi all, first post- have been reading this thread over the weekend and just caught up to date.

Seems a very simple, common-sense approach to trading- one which I feel comfortable with. I will be giving it a real crack starting tomorrow and hope to keep learning through trial and error.

I appreciate all the effort that Kevin has gone to in making this system real.
sentiment repainting...
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