you need to know about Suport and Resistence, or Candlesticks Patterns, or Suply and Demand levels
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The thread is still active hmmm!! Fellow traders save your time, COG is only good for ranging market, but if you care about developing your trading skills and without the need of any indicator, then I recommend you to start learning Price Action at james16 Chart Thread, then study supply and demand starting with Sam Seidens Lesson #1 slides in addition to Kenneth Lee's PDF, then go for the advanced material: PIE Thread or PIE PDF, RTP, PIE Chat Room.
[color=RoyalBlue]The thread is still active hmmm!! Fellow traders save your time, COG is only good for ranging market, but if you care about developing your trading skills and without the need of any indicator, then I recommend you to start learning Price Action at james16 Chart Thread, then study supply and demand starting with Sam Seidens Lesson #1 slides in addition to [url="http://www.forexfactory.com/showthread.php?t=311095"]Kenneth...
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"COG is only good for ranging market"
Is this based on your own experience? Did you follow the rules as recommended by the creator himself? Or did you scattered your focus on trading different time frames and not sticking to just 1 TF especially the TF recommended ?
The problem with a lot of traders on this Forum is that they do not stick to one thing/system. They go from system to system searching for the magic one wasting time. Testing out different system for years and not sticking it out to the end.
I personally regret leaving this thread and stop trading this strategy a few years back, now i am too excited about how much real money i am making by just sticking to the rules and ignoring my emotions.
So my humble advice to everyone is to stick to one thing if ts this system or another, And yes learn or remind yourself about the basics of price action.
This is confusing..i think COG works on the whole market and not just ranging period..in fact i would say on the 1hr and 4hr tf it actually tell which way the market direction is
[color=RoyalBlue]The thread is still active hmmm!! Fellow traders save your time, COG is only good for ranging market, but if you care about developing your trading skills and without the need of any indicator, then I recommend you to start learning Price Action at james16 Chart Thread, then study supply and demand starting with Sam Seidens Lesson #1 slides in addition to [url="http://www.forexfactory.com/showthread.php?t=311095"]Kenneth...
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Thanks for your advice! Prior to trading this system i was trading without any indicators just pure trend lines, fibs and pivots had some success but came to discover how the COG bands help determine the best time to take these price action studies into consideration.
Hello everyone! I would like to start out by thanking OAN and everyone else in the forum for the tremendous amount of knowledge and hard work that has been put in to these systems! I spent the weekend reading the entire forum and decided to go with the Obama system setup to demo this week! I am very excited and any advise that anyone has would be greatly appreciated!
Hello everyone! I would like to start out by thanking OAN and everyone else in the forum for the tremendous amount of knowledge and hard work that has been put in to these systems! I spent the weekend reading the entire forum and decided to go with the Obama system setup to demo this week! I am very excited and any advise that anyone has would be greatly appreciated!
I am using the Obama Template from Oan and I have a really important question I hope one of you guys could help me answer. When I am zoomed in on the 1hour tf with eur/usd today I see a sell signal with timer above 0.81 and candle average below -0.81 while touching the upper cog. The only problem is when I zoom out it no longer shows a sell signal? I dont understand why it is doing this, I took 5 trades today on the 5 min tf and were all winners but none of them did anything like this? Any help would be greatly appreciated.
I am using the Obama Template from Oan and I have a really important question I hope one of you guys could help me answer. When I am zoomed in on the 1hour tf with eur/usd today I see a sell signal with timer above 0.81 and candle average below -0.81 while touching the upper cog. The only problem is when I zoom out it no longer shows a sell signal? I dont understand why it is doing this, I took 5 trades today on the 5 min tf and were all winners but none of them did anything like this? Any help would be greatly appreciated.
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This happens because the levels you see ( 0.81 and the other numbers ) are for Candle Average, not for Timer.
Reading back through this thread Oan said the timer should be at either +0.81 for a sell and -0.81 for a buy?
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Yes.. thats correct. And its compared with the candle average levels.
But remenber that they are oscilators. And when you move the chart they need to be compressed to show diferent price ( past data and likely bigger o smaller than actual ).
Try for yourself.. open a new pair and in the same chart and window open MACD and RSI with 80, 50 and 20 levels. Move the chart to the past.. do you see the same efect.
The X axis for timer need to be moved when bigger data is showed... but not the levels for Candle average. That is all.
Yes.. thats correct. And its compared with the candle average levels.
But remenber that they are oscilators. And when you move the chart they need to be compressed to show diferent price ( past data and likely bigger o smaller than actual ).
Try for yourself.. open a new pair and in the same chart and window open MACD and RSI with 80, 50 and 20 levels. Move the chart to the past.. do you see the same efect.
The X axis for timer need to be moved when bigger data is showed... but not the levels for Candle average. That is all.
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I did not move the chart though, all I did was zoom out and the signal went away? How do I know what to trust then?
Thanks for your advice! Prior to trading this system i was trading without any indicators just pure trend lines, fibs and pivots had some success but came to discover how the COG bands help determine the best time to take these price action studies into consideration.
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Hi Fx_Pipin, you're welcome and wish you all the best in trading the COG.
I am newly trading with forex with attached image code , I get this mt4 code from this forum, now i want to automatically generated buy sell signals just like 2 image .where can i get it.. ?
I have been very busy with this strategy. I am making money and that has been distracting me from posting on here all the time ( i have nothing to prove and i pretty much shared the goods) , Last month well over 1,500 pips!
My own developed benkyalate system
