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My own developed benkyalate system

  • #2,901
  • Edited 1:56pm May 18, 2012 1:15pm | Edited 1:56pm
Am I the only one not able to understand these trades? I am sure some of the advanced users here will help. The charts I am posting are what you will see at the time of trades with red line being the possible trigger time. I believe its the only way to look at repainting indicators' trades (someone please correct me if I am wrong). Otherwise they always look perfect later on (more later).
Review in red below:

Quoting XStorm
Todays trade: EU

First trade: (Trend Continuation) Just before 11gmt. EU was headed up. - seem to be headed down. Three things occurred here. PA was rising out of the buy/accumulation zone. - Price actually falling from reverse/accumulation zone. Price failed to break Support - which support? and the CoG outer band had a tight grip on it almost seeming to force the bullish move to continue. Price in the middle of COG. So here we had a break, failure, confluence and trigger....
Red vertical line shows this trade.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd1.jpg Size: 109 KB
  • #2,902
  • May 18, 2012 1:42pm May 18, 2012 1:42pm
Quoting XStorm
Todays trade: EU



Second Trade: (Trend Continuation) Price failed at MML support, - I see 5/8 MML & price still in the reverse/accumulation zone. Kissed the innerband of the CoG. - Agree. It also broke through the TMA. It barely touched the TMA. So we had break, failure, confluence, and a trigger.
Second red line shows this trade.

http://img98.imageshack.us/img98/5061/eurusd2a.gif



Quoting XStorm
Third trade was a bit tricky. Cog band and TMA was still pointing at 2 oclock. - Agree. but I took a short. Can anybody see why?

PA was in reverse/accumulation area. - Agree (but it was in the previous trade as well when Long was taken) I took a chance on that. Look at the beautiful confluence there: Price was twisted in the CoG high bands, - Price touched the inner COG line and reversed it was failing at Resistance - 8/8 maybe? and broke the TMA. - Agree.
Third red line shows this trade.

http://img692.imageshack.us/img692/3898/eurusd3aqr.gif



Moving on to the point when XStorm's picture was taken:

http://img826.imageshack.us/img826/7810/eurusd4a.gif

Doesn't it look perfect?
  • #2,903
  • May 18, 2012 6:44pm May 18, 2012 6:44pm
Quoting canforex
Am I the only one not able to understand these trades? I am sure some of the advanced users here will help. The charts I am posting are what you will see at the time of trades with red line being the possible trigger time. I believe its the only way to look at repainting indicators' trades (someone please correct me if I am wrong). Otherwise they always look perfect later on (more later).
Review in red below:



Red vertical line shows this trade.
hmmmm....

My first thought was of anger....but am in not here to fight or defend. I am only here to share.

Thanks for putting up the simulator to show my trades as they were happening but I guess I am still missing what you are accusing me of as you seem to be proving my point with going back in time. Break, Fail, Confluence, Trigger.

If you show me the trades that did not fit that description, perhaps I can be of more assistance. Of course it looks perfect. Trades always look perfect to the left of the chart.

I wish I could be of more help to you.

IT IS NOT MY EGO THAT URGES ME TO POST AND I AM NOT HERE TO BE A HINDRANCE TO ANYONE. IF THERE COMES A POINT WHERE POSTING WILL BECOME A MATTER OF DEFENDING, I WILL PEACEFULLY LEAVE. NO ARGUMENTS. NO BACK BITING. NO FIGHTING. THAT IS NOT HOW I LIVE AND I WILL NOT BRING IT IN HERE. I AM SIMPLY HERE TO SHARE.

Canforex....I really do wish you all the best with your trading.

Happy Trading! Duces!
  • #2,904
  • Edited May 19, 2012 8:22am May 18, 2012 8:53pm | Edited May 19, 2012 8:22am
Quoting XStorm
hmmmm....

My first thought was of anger....but am in not here to fight or defend. I am only here to share.

Thanks for putting up the simulator to show my trades as they were happening but I guess I am still missing what you are accusing me of as you seem to be proving my point with going back in time. Break, Fail, Confluence, Trigger.

If you show me the trades that did not fit that description, perhaps I can be of more assistance. Of course it looks perfect. Trades always look perfect to the left of the chart.

I wish I could be of more help...
XStorm, My review of your trades is purely technical. Why would the thought of accusation, anger or fight come to your mind for asking simple questions about your trades.

It was your decision to share your trades & strategy here and if you don't want anyone to ask any questions about it or have any technical discussion about it, so be it.

Wishing you all the best things in trading and life...

edit: Some members have asked me for trade simulator. I am using a simulator provided generously by Quantem here:
http://www.forexfactory.com/showthread.php?t=70742
  • #2,905
  • May 19, 2012 8:32am May 19, 2012 8:32am
Thanks for clearing that up CanForex. It seemed like a personal attack because I didnt see any questions but I read your post again and although I still didnt see your questions, I did see that you agreed more than disagreed. Thanks again for your help of showing the simulation of my trades and my bad for misunderstanding your intentions.

A few posts back I mentioned that trading is philosophical. Philosophy is all about one's perception. And as we all know....experience grooms perception. The strategies here are a culmination of the mentors vision of the market which at some point becomes pure instinct. He becomes an instinctive trader based on patterns he as seen over and over again. When you become an instinctive trader, it then bears the burden of explaining what was done and how it was done.

A new trader, in an effort to learn will ask questions. That is quite natural. It then becomes the mentors job to show on paper or by actual events (live trading) how he mastered the trade. How does he show his perception or vision? How does he take a step back from what has now become part of his instincts to guide and help others? He has become master of his strategy...those who try to follow are often frustrated because they are not getting the same results. This pattern occurs in every thread....you see the frustration of the learner

There is only one answer to the previous questions: Experience. Each trader must gain their own experience. The mentor can only teach what has been fundamental to the success of the trade. For me, that is failure, confluence, trigger.

When I first started trading, I spent a lot of time concentrating on being right. "step 1, step 2....but you said..." I gave my mentor a lot of grief. lol. And he kept saying to me....stop concentrating on being right....concentrate on getting it right.

Guiding a trader from being right (mechanical trading) to getting it right (instinctive trading) is no easy task. Every thread in here is proof of that. It takes a lot of time, effort, dedication and devotion. That is why, CanForex, I can not take on another student as you have requested. (this is not an ad...i did not charge my three students and I will not be taking on any more because of other obligations)

Those of you who have been trading for years will know this following statement is true: Showing live trades will not help the trader become instinctive. Writing the information down will not help the trader become instinctive. Only the experience of doing the same thing over and over and over and over....well you get the point.

Simulation will not take the place of experience. It will only create scenarios. I have been there and I have done that. I have sat in classes where teachers have used simulators to prove their strategies...yet only 5% of the students actually become traders.

You have to take the demos to create the feeling of being in the trade and study each trade. It is the only way to become instinctive.

Of all the things I have shared here with you....the most important was my trade plan. My trade plan was created through the agony of losses, the triumph of wins, the time and energy of study, recording and research. It is how I took the shift from being mechanical (questioning the trade) to instinctive (knowing the trade)
  • #2,906
  • Edited 9:03am May 19, 2012 8:43am | Edited 9:03am
I used to wonder what happen to a lot of these guys after they started threads and then one day just suddenly disappeared. There is only so much that you can teach or show before everything becomes redundant. I believe redundancy is an insult to the savvy trader. I will not insult your intelligence here.

As of such, next week will be my last week here as my other obligations are weighing more heavily on me. But they are good things and it has been my good fortune to be in the right place at the right time to talk to the right person. When I agreed to my new circumstances, I paused here to give back because I am grateful for all the opportunities I have been given in such a short time. Here is where I perfected "getting it right". Posting here has been a minefield of avoiding lawsuits....I gave what I could.

I will place a few more post to make sure that you understand what I have been conveying here. I will entertain only sincere questions as it is difficult to answer statements .....just joshing around CF

After this week, I will still check in from time to time to answer any questions. And I truly appreciate the courtesy you all have extended to me here. It is my sincere hope that all of you reach you truest potential.
  • #2,907
  • May 19, 2012 12:09pm May 19, 2012 12:09pm
XStorm,

Your efforts here are much appreciated. Good Luck on this forex Journey.
  • #2,908
  • May 20, 2012 4:59am May 20, 2012 4:59am
XStorm, Spot On!
Couldn't agree more! Well said!
sHF
  • #2,909
  • May 20, 2012 5:17am May 20, 2012 5:17am
XStorm,
Could ya please let me know the bottom indy in the picture below

Attached Image (click to enlarge)
Click to Enlarge Name: XStorm 35.jpg Size: 194 KB


what are the settings for that indy thats best used on M1 per your analysis (or the settings that you use); anymore info w.r.t its usage would be very insightful ! :nerd:

Thanks a ton!
sHF
  • #2,910
  • May 20, 2012 9:16pm May 20, 2012 9:16pm
Quoting Fx_Pipin
Entered 2 positions. First position entered was a little early, second position entered at better price with a confluence of support from the weekly pivot. Risk 30 pips going for 120pips.

Good luck all,
hi .. your tpl looks so clean .. can you post your tpl and indicators here for us ??

thanks for your help
  • #2,911
  • May 20, 2012 11:14pm May 20, 2012 11:14pm
Quoting hyrulxxx
hi .. your tpl looks so clean .. can you post your tpl and indicators here for us ??

thanks for your help
Here you go!
Attached File(s)
File Type: ex4 Center of Gravity.ex4   7 KB | 899 downloads
File Type: ex4 Timing_.ex4   4 KB | 976 downloads
  • #2,912
  • May 20, 2012 11:19pm May 20, 2012 11:19pm
Quoting Fx_Pipin
Here you go!
I am unable to load the TPL this is the error i get ( Your file of 1.31 MB bytes exceeds the forum's limit of 976.6 KB for this filetype. )

Anyways here are the inputs i use for the cog
Bar back 123 , m2 , i0 , kstd 4.5 , sname 720 .

Good luck!
  • #2,913
  • May 20, 2012 11:23pm May 20, 2012 11:23pm
Closed usdjpy at +5 pips (Because it went into a range), audcad floating at positive 60 pips, Just entered short on eurusd.
  • #2,914
  • May 21, 2012 12:10am May 21, 2012 12:10am
Looking for 130 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 101 KB
  • #2,915
  • May 21, 2012 8:19am May 21, 2012 8:19am
Quoting Ssl
XStorm,
Could ya please let me know the bottom indy in the picture below

Attachment

what are the settings for that indy thats best used on M1 per your analysis (or the settings that you use); anymore info w.r.t its usage would be very insightful ! :nerd:

Thanks a ton!
That indicator is called a solar wind joy, version 2. It so happens to be one of my favorite indicators. It's great at team work....never good to be used on its own. Test it at period 14 on the 1 min tf and let me know what you think....I am currently debating with someone regarding this indicator...so a fresh set of eyes may be good.

Attached File(s)
File Type: mq4 Solar Winds joy - histo.mq4   3 KB | 988 downloads
  • #2,916
  • May 21, 2012 8:25am May 21, 2012 8:25am
Quoting Fx_Pipin
Looking for 130 pips
Being on the positive end of the trade is always a good thing. And I wanted to thank you for using these tools and showing live trades as I am not able to show live ones.

The CoG maybe considered an "oldie" but it is always a "goodie" Like Big Mike says (and I am paraphrasing here) "if it ain't broke, don't fix it!"

The CoG works! The TMA works! Learn to use them to your advantage!

PS. I am amazed that you are using the original Timing indicator. I know the creator of the CoG was able to use the tools that you are currently using to increase his account by 400% in 6 months. That is what caught my eye about this system. I still cannot "see" the indicator and that is very important to its usage. I applaud you on your insight.
  • #2,917
  • May 21, 2012 8:55am May 21, 2012 8:55am
Quoting XStorm
Being on the positive end of the trade is always a good thing. And I wanted to thank you for using these tools and showing live trades as I am not able to show live ones.

The CoG maybe considered an "oldie" but it is always a "goodie" Like Big Mike says (and I am paraphrasing here) "if it ain't broke, don't fix it!"

The CoG works! The TMA works! Learn to use them to your advantage!

PS. I am amazed that you are using the original Timing indicator. I know the creator of the CoG was able to use the tools that you are currently...
I must share my history with this system and why i stop and starting again.

In the beginning when i first started trading this system i was making some serious pips! Until i got greedy and started over leveraging, having over 12 live trades open on my live acct (i thought i was going to be a Millionaire ) , until that one day almost all the pairs went against me this happened to me twice. I lost about 35% on my live acct i was very upset so i stop trading the strategy for about 3 years and started chasing other ones. Like an idiot i blamed the system and stopped trading it. 2 months ago something told me to start trading the benkyalate system again since i did have success when i was not over trading it .

I keep it as simple as possible. I trade only the 4H TF like i did in the past to catch the big moves in the direction of the trend. I do trade another pair that correlates unless i move my stop to BE on the other trade to minimize risk. I keep a 1:2 RR and use support and resistance.

I use the old TPL because i made a lot of pips back in the days with it. I have been trading for about 8 years and never made as much pips as i did with this system.

Happy pips!
  • #2,918
  • May 21, 2012 8:56am May 21, 2012 8:56am
This morning I have a Doctors appt (regular check up) so I was only able to place one trade. (I tried to hurry up and capture the screen for the sake of skepticism)

This morning I traded the EJ. My favorite pairs are just not waking up this morning and are still quite sluggish.

I took a continuation trade. A kiss off the TMA band for a short. I was only able to capture 17 pips before accumulation set in. I was really hoping that PA would take a sharp swing down, break out of the tma, hit a key level of the CoG for the reverse....it was only wishful thinking.

Attached Image (click to enlarge)
Click to Enlarge Name: XStorm 49.jpg Size: 92 KB


Now...look closely at the snap shot. Price was bouncing inside of the core of the CoG tapping on the edges of the TMA. It seemed to be a continuation trade BUT the CoG was still headed down. The TMA seemed to be going straight. Price seemed to be as confused as I was....

So what do we do if the signs are not clear? We do nothing. (I just know as soon as I leave price is going to find direction, I hate when that happens!)

So here is what I was hoping to show you today....learn to read the slopes of the TMA and CoG. Price was hanging around in the middle of the TMA. Here is what you want to see happen before you enter the market:

You want to see, after this kind of PA, price break out the TMA. You want to see the TMA pulling away from price as price makes it way to the outer bands of the CoG. Wait for confluence, jump in on your trigger. Sometimes price may hit an area of supply or demand or S/R around that area and turn around on you....but you should still come out positive with a few pips if you code orange.

or

if you want a little less action, you can wait to make sure price has reversed and then take the continuation trade.

Well gotta go....I hope you are able to reap the harvest!

Duces!
  • #2,919
  • May 21, 2012 9:05am May 21, 2012 9:05am
Quoting Fx_Pipin
I must share my history with this system and why i stop and starting again.

In the beginning when i first started trading this system i was making some serious pips! Until i got greedy and started over leveraging, having over 12 live trades open on my live acct (i thought i was going to be a Millionaire ) , until that one day almost all the pairs went against me this happened to me twice. I lost about 35% on my live acct i was very upset so i stop trading the strategy for about 3 years and started chasing other ones. Like an idiot i blamed...
I was just about to leave the computer when I saw your post.... that is FANTASTIC! One day, as my "sight" becomes clearer...I am hoping to trade with just the tma and the cog (perhaps one bottom indy). You have certainly earned passage to the Pips Hall of Fame!
  • #2,920
  • May 21, 2012 9:07am May 21, 2012 9:07am
Quoting XStorm
I was just about to leave the computer when I saw your post.... that is FANTASTIC! One day, as my "sight" becomes clearer...I am hoping to trade with just the tma and the cog (perhaps one bottom indy). You have certainly earned passage to the Pips Hall of Fame!
Thank you, and Happy pips!
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