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The perfect trading system

  • #441
  • Jun 1, 2012 7:48am Jun 1, 2012 7:48am
Quoting Spore_Rookie
Hi Articulate,

GBPUSD is about to complete the 1000 pips run from 1.63 to 1.53, should I place a buy limit at 1.53 or wait for a reversal candle. Thanks.

Wait for a reversal candle. If price will reverse at this level, the weekly candle will tell you. The weekly candles don't lie.
  • #442
  • Jun 1, 2012 7:53am Jun 1, 2012 7:53am
I love 1000 PPAA, I love weekly candles and I love the Mastercharts. The three combinations will expose the greed of the big players. Four months bullish run wiped out in just 5 weekly candles or 1 single monthly candle. What a month!

I will share my views on the major pairs next week.
  • #443
  • Jun 1, 2012 8:40am Jun 1, 2012 8:40am
Quoting articulate
i love 1000 ppaa, i love weekly candles and i love the mastercharts. The three combinations will expose the greed of the big players. Four months bullish run wiped out in just 5 weekly candles or 1 single monthly candle. What a month!

I will share my views on the major pairs next week.
articulate,i will wait your posting
spore rookie,sometimes need a reverse weekly candle ,sometimes we need 3-4 daily candle to make decision.happy trading jbu
  • #444
  • Jun 1, 2012 12:55pm Jun 1, 2012 12:55pm
Quoting Articulate
I love 1000 PPAA, I love weekly candles and I love the Mastercharts. The three combinations will expose the greed of the big players. Four months bullish run wiped out in just 5 weekly candles or 1 single monthly candle. What a month!

I will share my views on the major pairs next week.

Hi Articulate

Sell signal back in March from 133.48 went as low as 118.77 today (1371 pips). You did say in a previous post to extend the 1000 PPAA to 1300 - 1500 pips for the yen pairs. RSI on daily is oversold but weekly and monthly still has room to go down a bit more.

Please share your view on this pair next week.

Thanks

Skillwill
The Will is Greater than the Skill
  • #445
  • Jun 1, 2012 2:27pm Jun 1, 2012 2:27pm
Quoting Articulate
Wait for a reversal candle. If price will reverse at this level, the weekly candle will tell you. The weekly candles don't lie.
My buy limit at 1.53 was executed, my bigger problem is that I still cannot control my emotion. I always take profit too early, instead of your teachings to have profit of at least 50 pips. I would hold on to losing trade till it break even or profit of few pips. For today GBPUSD and EURUSD run, the experience traders would have profited at least 50 pips or more.

I have started trading forex on and off for about a year, and the result is not encouraging. I hope I can apply what I learn from this thread, to be a discipline trader,

Thank you for your teachings and constant sharing.

Have a wonderful weekends.
  • #446
  • Edited 2:52pm Jun 1, 2012 2:35pm | Edited 2:52pm
Quoting Mr.chia
articulate,i will wait your posting
spore rookie,sometimes need a reverse weekly candle ,sometimes we need 3-4 daily candle to make decision.happy trading jbu
Mr Chia,

Thanks for your advice. Does the today EURUSD Daily candles show a reversal, it closed above the minor support of 1.234 according to the MasterChart, can I place a buy limit one pip above the upper shadow of today candle or wait for another confirmation candle. I believe I need to re-visit the TA text book on candlestick analysis this weekends. I have so much more to learn from you guys.

Happy & profitable trading to you.
  • #447
  • Jun 1, 2012 7:55pm Jun 1, 2012 7:55pm
Quoting Spore_Rookie
Mr Chia,

Thanks for your advice. Does the today EURUSD Daily candles show a reversal, it closed above the minor support of 1.234 according to the MasterChart, can I place a buy limit one pip above the upper shadow of today candle or wait for another confirmation candle. I believe I need to re-visit the TA text book on candlestick analysis this weekends. I have so much more to learn from you guys.

Happy & profitable trading to you.
spore rookie, i am talking about GBPUSD, FOR EURUSD most important is weekly candle for buy,in my analysis reverse daily candle just 2, wait ......to buy. Weekly candle and daily candle is our guide, look candle H4 and m15 to put your buy limit ,put your buy limit after daily candle pull back 250-350 pips,or rsi daily touch rsi 40,and rsi candle h4 cross 50 and touch 70 and back under 50 to buy, always conform with h4candle to buy. May JESUS bless you.
  • #448
  • Jun 2, 2012 12:26am Jun 2, 2012 12:26am
My analisys
gbpjpy buy 115
gbpusd buy 1.4800
eurusd buy 1.1500
always look the weekly candle for reverse. Jbu
  • #449
  • Jun 2, 2012 7:16am Jun 2, 2012 7:16am
Quoting skillwill
Hi Articulate

Sell signal back in March from 133.48 went as low as 118.77 today (1371 pips). You did say in a previous post to extend the 1000 PPAA to 1300 - 1500 pips for the yen pairs. RSI on daily is oversold but weekly and monthly still has room to go down a bit more.

Please share your view on this pair next week.

Thanks

Skillwill

The dragon can still go as low as 117.00 area. For the dragon after a run of 1300-1500 pips and the weekly candle did not close on or touch any of the 500 pips levels i.e. 145, 140, 135, 130, 125, 120, 115 etc, you need to draw "a line in the sand".

How do you draw a line the sand? Pick the last weekly candle after a run of at least 1300 pips and draw a triangle (red for bull and yellow for bear) on the pin of that last weekly candle. In a bearish run, 1 weekly candle need to open and close above that triangle to confirm a reversal. In a bullish run, 1 weekly candle needs to open and close below that triangle to confirm a reversal. If the line is crossed, wait for the end of the following week and draw another line, until a reversal is confirmed. That way you will avoid standing on the path of a moving train, identify the station and join the train early before it is too late. Always remember that the weekly candles never lies.


I will post my lines on the sand for some major pairs this weekend or early next meet.
  • #450
  • Jun 2, 2012 7:25am Jun 2, 2012 7:25am
Quoting Mr.chia
My analisys
gbpjpy buy 115
gbpusd buy 1.4800
eurusd buy 1.1500
always look the weekly candle for reverse. Jbu

Your analysis are very conservative and pretty courteous. After 1000 pips price movement for major pairs and between 1300-1500 pips moves for most Japaness pairs, if you apply the "principles of drawing lines in the sand", you will develop better ability to recognised reversals.
  • #451
  • Jun 2, 2012 5:07pm Jun 2, 2012 5:07pm
Quoting Mr.chia
spore rookie, i am talking about GBPUSD, FOR EURUSD most important is weekly candle for buy,in my analysis reverse daily candle just 2, wait ......to buy. Weekly candle and daily candle is our guide, look candle H4 and m15 to put your buy limit ,put your buy limit after daily candle pull back 250-350 pips,or rsi daily touch rsi 40,and rsi candle h4 cross 50 and touch 70 and back under 50 to buy, always conform with h4candle to buy. May JESUS bless you.
Mr Chia,

I am confused for the above, anyway thanks for your guidance.

May God Bless you.
  • #452
  • Edited 11:33pm Jun 2, 2012 6:25pm | Edited 11:33pm
Quoting Spore_Rookie
Mr Chia,

I am confused for the above, anyway thanks for your guidance.

May God Bless you.
my fokus is AUDUSD,NZDUSD and GBPUSD, , i ever trade 20 pairs and make me confused ,so i trade just 3pairs, sometimes other pairs if i see good opportunity. if you just trade Eurusd ,my advice ,make more analisys about that pair, if that pair reverse just wait and join like the train, always make retangle for weekly candle before,1.2624-1.2287(337pip), look weekly ,daily and H4 candle .measure how pips its pull back, remember follow weekly candle ,if pull above 1.2500 ,maybe reverse trend, just wait ,always make plan SL and Profit .May Jesus Bless You.
  • #453
  • Jun 2, 2012 6:29pm Jun 2, 2012 6:29pm
Quoting Articulate
Your analysis are very conservative and pretty courteous. After 1000 pips price movement for major pairs and between 1300-1500 pips moves for most Japaness pairs, if you apply the "principles of drawing lines in the sand", you will develop better ability to recognised reversals.
articulate, "principles of drawing lines in the sand". i am listening, make its simple ok? tqJBU
  • #454
  • Edited 6:53am Jun 4, 2012 1:03am | Edited 6:53am
Chia,

This is how to draw line in the sand. For the Yen pairs their circles are 1300-1500 pips, while for the other pairs, they are roughly 1000 pips, including NZDUSD. However, AUDUSD circle is 1500 pips divided into into two parts of 750 pips each.

Quoting How do you draw a line the sand? <br /> <br /> [B
Pick the last weekly candle after a run of at least 1300 (about 1000 pips for other pair) and draw a triangle (red for bull and yellow for bear) on the pin of that last weekly candle. In a bearish run, 1 weekly candle needs to open and close above that triangle to confirm a reversal. In a bullish run, 1 weekly candle needs to open and close below that triangle to confirm a reversal. If the line is crossed, wait for the end of the following week and draw another line, until a reversal is confirmed. That way you will avoid standing on the path of a moving train, identify the station and join the train early before it is too late. Always remember that the weekly candles never lies. [/b]


I will post my lines on the sand for some major pairs this weekend or early next week.
  • #455
  • Edited 5:48am Jun 4, 2012 5:12am | Edited 5:48am
Quoting Articulate
Chia,

This is how to draw line in the sand. For the Yen pairs their circles are 1300-1500 pips, while for the other pairs, they are roughly 1000 pips, including NZDUSD. However, AUDUSD circle is 1500 pips divided into into two parts of 750 pips each.
ARTICULATE,thank's for share your analisys,it's really help me. May Jesus Bless You.
For newbie: This thread will help you, read this thread , make analisys, my advice try to make 100pip-200pip or 500pips-700pips.Happy Trading. God Bless You all.
  • #456
  • Jun 5, 2012 10:04am Jun 5, 2012 10:04am
spore rookies,..gbpusd, buy when price in zona 1.5450-1.5550,put buy limit 1.5400,always look h4, daily candle and weekly candle,SL 150 TP 200-350pips maybe more....
audusd,i put my sell limit 0,9780 sl 150pip tp 0,9600,if the price touch my sl,its means,ready to buy.....trend is change,big player move to buy.
nzdusd,i put my sell limit 0.7590 sl 150 pip tp 0,7490 if the price touch my sl,its means,ready to buy.....trend is change,big player move to buy.
so don't worry if you lose 150pips,because you can profit 200pips-500pip more if trend is change.
use just risk 2% from your account,read this thread again.if hit your sl ,don't worry, remember for always replan for trading. May Jesus Bless You
  • #457
  • Jun 5, 2012 3:28pm Jun 5, 2012 3:28pm
Quoting Mr.chia
spore rookies,..gbpusd, buy when price in zona 1.5450-1.5550,put buy limit 1.5400,always look h4, daily candle and weekly candle,SL 150 TP 200-350pips maybe more....
audusd,i put my sell limit 0,9780 sl 150pip tp 0,9600,if the price touch my sl,its means,ready to buy.....trend is change,big player move to buy.
nzdusd,i put my sell limit 0.7590 sl 150 pip tp 0,7490 if the price touch my sl,its means,ready to buy.....trend is change,big player move to buy.
so don't worry if you lose 150pips,because you can profit 200pips-500pip more if trend is...
Mr Chia,

Thank you very much for sharing your analysis of market and trading plans. I am really appreciated for your willingness to guide a newbie like me to better understand Articulate's " The Perfect System".

Best regards.
  • #458
  • Jun 5, 2012 5:53pm Jun 5, 2012 5:53pm
Quoting Spore_Rookie
Mr Chia,

Thank you very much for sharing your analysis of market and trading plans. I am really appreciated for your willingness to guide a newbie like me to better understand Articulate's " The Perfect System".

Best regards.
spore rookie, i am agree with medium and long term ,The Perfect System", but for the short term, i am not agree with him,because if we trade againt weekly candle ,need more concentration and always put your sl and take profit.
so i have little different trading with articulate, by the way, his thread help me so much.May JBU.
Best regards
  • #459
  • Edited 9:35pm Jun 5, 2012 7:50pm | Edited 9:35pm
spoore rookies,
gbpusd, wait until rsi out from 30,ready to buy
audusd, rsi daily touch 40,its means ready to buy
nzdusd, rsi daily touch 40,its means ready to buy
BUT REMEMBER MAYBE NEED ONE WEEKLY CANDLE CLOSE THIS FRIDAY FOR MAKE SURE , JBU
  • #460
  • Jun 6, 2012 3:05pm Jun 6, 2012 3:05pm
Quoting Mr.chia
spoore rookies,
gbpusd, wait until rsi out from 30,ready to buy
audusd, rsi daily touch 40,its means ready to buy
nzdusd, rsi daily touch 40,its means ready to buy
BUT REMEMBER MAYBE NEED ONE WEEKLY CANDLE CLOSE THIS FRIDAY FOR MAKE SURE , JBU
Mr Chia,

When RSI out of 30, buy when price go above a reverse candle (ie, a hammer, one white solider)? Thanks for sharing your trading philosophy.

May God Bless you.
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