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System32

  • #21
  • Apr 5, 2012 6:05am Apr 5, 2012 6:05am
Good question, yes in an ideal world we would like the squeeze to be as clear as it is on the USD/JPY chart i recently posted but often this simply is not possibe. It is however, important for them to be in an overbought/sold position in order to validate that trade.

As im sure you are all aware, it isn't possible to get A+ signals on every trade however the 4hr chart was already showing a short signal from the previous day (as shown below) giving me confidence it would be good for a minimum of 45 pips.

Attached Image

  • #22
  • Apr 5, 2012 6:07am Apr 5, 2012 6:07am
Quoting Shanexx
The 100 MA was not in agreement, why did you take the trade?
My 100MA is showing a bearish trend, the blue MA you can see on my screenshot is an aditional 50MA. All saying south
  • #23
  • Apr 5, 2012 6:13am Apr 5, 2012 6:13am
Quoting system32
Good question, yes in an ideal world we would like the squeeze to be as clear as it is on the USD/JPY chart ........]
Thanks for the quick reply and understood. Once again great system. I hope to contribute as this thread develops.

Thanks again
heath
  • #24
  • Apr 5, 2012 6:15am Apr 5, 2012 6:15am
Hi System,

I want to thank you for making this system available

Can I ask what the purpose of the combined indicator? IMHO I do not see the usefulness of the MA10, because volatility is verified with the bollinger bands and the direction is indicated by the stochastic.

To display a hybrid resulting from the union of three indicators I think the usage rules are not so clear.

So I ask you for a clarification of the rules on usage of the indicator.

Thanks in advance
  • #25
  • Apr 5, 2012 6:16am Apr 5, 2012 6:16am
Quoting system32
My 100MA is showing a bearish trend, the blue MA you can see on my screenshot is an aditional 50MA. All saying south

So what colour is the 100 and what is the use of the 50.
  • #26
  • Apr 5, 2012 6:21am Apr 5, 2012 6:21am
Hi and yes you do have a valid point, personally i use the combination of MA's situated on the main chart for extra conformation i.e looking for a standard MA cross. It is also possible to use them to avoid fakeouts. For the purpose of this system i would advise all to stick to the mentioned rules. I also find the Moving avearges handy for fine tuning the placement of my stops and entry on smaller charts, i.e picking retrace points.

I have been guilty for many years of having cluttered charts, maybe old habbits die hard
  • #27
  • Apr 5, 2012 6:24am Apr 5, 2012 6:24am
'Shanexx' Any colour you like, the MA you can see on the posted chart is 50 and in blue, i personally switch between 50 and 100 for added confirmation when the RSI isn't as squeezed as perhaps i would like. As i said earlier this morning it is important to adapt things with every system to suit your style of trading. I dont believe any system come in 'one size fits all'.
  • #28
  • Apr 5, 2012 6:43am Apr 5, 2012 6:43am
thanks for the strategy . I would like to ask if there is no squeezing in the lower timeframe but moving averages have just crossed and in higher timeframe it shows a squeeze and cross, then like you replied , is it good to enter the trade? BTW: which timeframe do you use for this system specifically? and also pairs.
  • #29
  • Apr 5, 2012 12:35pm Apr 5, 2012 12:35pm
Stochs and Rsi's showing OB/OS is not always a hard fast rule for entry...IMO and Experience....if the higher tf's show an ob/os pair and everything else lines up (fundamentals, technicals) I like to scale down to lower time frames...15, 5 and sometimes even 1 minute for entry.....you can get a much tighter stop loss.....from what I've seen, the stochs can be "stuck" in ob/os for a very long time especially on a strong trending pair.....so a retrace that happens in smaller timeframes can be a good entry if everything lines up...that's when I use the currency meter to help me decide....I like to trade the strongest to the weakest pair....Works for Me!!
  • #30
  • Apr 5, 2012 12:45pm Apr 5, 2012 12:45pm
Quoting 4xplosion
Stochs and Rsi's showing OB/OS is not always a hard fast rule for entry...IMO and Experience....if the higher tf's show an ob/os pair and everything else lines up (fundamentals, technicals) I like to scale down to lower time frames...15, 5 and sometimes even 1 minute for entry.....you can get a much tighter stop loss.....from what I've seen, the stochs can be "stuck" in ob/os for a very long time especially on a strong trending pair.....so a retrace that happens in smaller timeframes can be a good entry if everything lines up...that's when...
Below is the meter I was referring to, btw, it's FREE:

http://www.currencystrengthmeter.com/
  • #31
  • Last Post: Apr 5, 2012 5:21pm Apr 5, 2012 5:21pm
Quoting onlyghost


Can I ask what the purpose of the combined indicator? IMHO I do not see the usefulness of the MA10, because volatility is verified with the bollinger bands and the direction is indicated by the stochastic.
One of the benefits of the 10MA in the indi window may be this:
In nearly every instance of a buy, the stoch is rising above the 10MA and falling below the 10MA for a sell. Just a little side note I guess.

Happy trading.
When the Joker is in the deck.. fear not and play it well
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