I see it more as an exit signal from the earlier small long, rather than a short signal......for the reasons you mentioned
Doing what you like is Freedom. Liking what you do is Happiness.
- #561
- Sep 29, 2011 4:15pm Sep 29, 2011 4:15pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Alianzer,
Sorry to see you in a losing order.But if you look through the threat I too have had losing ones. No system is 100% all the time. To help keep me grounded in the 5 min I have a 1hr chart running next to 5 min to determine true trend. It will help you in the long run.
As I have stated before this system works better in longer timeframes.
Better luck next time!
eval.
So your saying you trading only with the trend?
Or do you take counter trades also?
- #564
- Sep 29, 2011 9:17pm Sep 29, 2011 9:17pm
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
clear all short position at 558x... total 70+50+30 pips.
thanks for your system...great to control emotion and timing for entry.
fibo + your system will give us optimum result ....
Thank again mate .....
thanks for your system...great to control emotion and timing for entry.
fibo + your system will give us optimum result ....
Thank again mate .....
looking for 5575
not euphoria follower
clear all short position at 558x... total 70+50+30 pips.
thanks for your system...great to control emotion and timing for entry.
fibo + your system will give us optimum result ....
Thank again mate .....
Good to hear that you are finding success by combining two great systems
keep it up Raza
- #566
- Sep 29, 2011 10:19pm Sep 29, 2011 10:19pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
I see it more as an exit signal from the earlier small long, rather than a short signal......for the reasons you mentioned
Doing what you like is Freedom. Liking what you do is Happiness.
- #567
- Sep 29, 2011 10:30pm Sep 29, 2011 10:30pm
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
ahhhh remind me the old time....... miss madame too.
yeah bro i combine these system. and i try to simplify madame's fib also ...naughty student as madame always said
sometimes i see you in gbp usd thread also hmmm me ? always hidden mode as usual hehhehe
yeah bro i combine these system. and i try to simplify madame's fib also ...naughty student as madame always said
sometimes i see you in gbp usd thread also
hmmm me ? always hidden mode as usual hehheheHey there old friend from Simoneg's thread...
Good to hear that you are finding success by combining two great systems
not euphoria follower
- #568
- Edited 10:47pm Sep 29, 2011 10:34pm | Edited 10:47pm
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
ahhhh remind me the old time....... miss madame too.
yeah bro i combine these system. and i try to simplify madame's fib also ...naughty student as madame always said
sometimes i see you in gbp usd thread also
Raza
- #570
- Sep 29, 2011 11:33pm Sep 29, 2011 11:33pm
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
anytime mate ... sorry i dont have skype really 
mibbit room or ym ? just PM me any time
i'm in scfm chat room already
mibbit room or ym ? just PM me any time
i'm in scfm chat room already
simplified Madame's system.....i would be very intrigued if you would like to discuss it on skype maybe someday?
not euphoria follower
- #571
- Sep 30, 2011 12:32am Sep 30, 2011 12:32am
- Joined Oct 2007 | Status: Trader | 2,972 Posts
Good Morning to all! 
- #572
- Sep 30, 2011 12:33am Sep 30, 2011 12:33am
- Joined Oct 2007 | Status: Trader | 2,972 Posts
eval,
if this indicator could find tops and bottoms 100% accurate i would be making money only whit it in a blank chart
the non lag zig zag works like the cycle indicator it finds extreme top/ bottoms, however if price move higher the last top it will follow price until a new top is made.
But you must watch it real time, the cycle and the nolag zigzag when used togheter can find extreme top/ bottoms whit higher accuracy.
zel
zelcius,
ok. Just checking.
eval
- #573
- Sep 30, 2011 12:38am Sep 30, 2011 12:38am
- Joined Oct 2007 | Status: Trader | 2,972 Posts
This is my first post in FF, i would personally thank you for Eval for sharing this great system. I have tried this week and got a fairly nice results.
There's something i need to ask, i have a trade that i have taken but a few bars later i got the trendline change color before i got a new extreme spike. So as the exit rules what should i do? should i exit right after the trendline change color or i should wait for the new extreme spike appear?
Thanks in advance.
Sorry for my english.
Ngengek,
Welcome to the Thread!
and thank you for the complement.If you enter a trade and you then a few bars later see it go against you so much that the trendline changes before you see and extreme and you are still in profit. I would make sure my stoploss is infront of the order to protect your account from incuring a loss.
At that point, you have two ways to play it. First, Conservative would be exit the trade as soon as trendline changed against you. Second, use the ''Gambler'' approach and see if you can make it though without being stopped out.
You will have to make that decision because every person has a different tolerance for risk. You need to find that on your own.
Hope that helps....again....Welcome...
eval.
- #575
- Sep 30, 2011 12:44am Sep 30, 2011 12:44am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Good Morning to all!
Doing what you like is Freedom. Liking what you do is Happiness.
- #576
- Sep 30, 2011 12:46am Sep 30, 2011 12:46am
- Joined Oct 2007 | Status: Trader | 2,972 Posts
clear all short position at 558x... total 70+50+30 pips.
thanks for your system...great to control emotion and timing for entry.
fibo + your system will give us optimum result ....
Thank again mate .....
iqyu5an,
You are most welcome. I am glad to see people with sucess in using my system. If I might ask are you drawing manual fibo or are you using an indicator? If so, would you mind posting it?
eval.
- #577
- Sep 30, 2011 12:48am Sep 30, 2011 12:48am
- Joined Oct 2007 | Status: Trader | 2,972 Posts
And in fact the short turned into a good trade...+54.....which just goes to show that the system works and is more reliable than what I 'think'.......lol....
Yeah....it is pretty robust and old habits are hard to break we you are set in your ways.
eval.
- #578
- Sep 30, 2011 12:55am Sep 30, 2011 12:55am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
realjumper,
Yeah....it is pretty robust and old habits are hard to break we you are set in your ways.
eval.
So I have some discipline work to do (on myself) for this system, but next week I will be live trading this. I opened a small account so we shall see what happens!!
Doing what you like is Freedom. Liking what you do is Happiness.
eval,
if this indicator could find tops and bottoms 100% accurate i would be making money only whit it in a blank chart
the non lag zig zag works like the cycle indicator it finds extreme top/ bottoms, however if price move higher the last top it will follow price until a new top is made.
But you must watch it real time, the cycle and the nolag zigzag when used togheter can find extreme top/ bottoms whit higher accuracy.
zel
i think the zig zag is usles coz it will just repaint like the cycel indi