The perfect trading system | Page 27 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

HYBRID: trading system within a trading system 31 replies

The Not So Perfect but Perfect System 13 replies

The perfect trading system 3 replies

Survey on The Perfect System 7 replies

Practice Makes Perfect Trading Championship Leaderboard 6 replies

Attachments: The perfect trading system
Exit Attachments

The perfect trading system

  • #521
  • Jul 14, 2012 5:29pm Jul 14, 2012 5:29pm
Quoting Mr.chia
this is audusd
look time frame daily , H4 and H1
spore rookies, i am confuse how to explain to you,maybe we can share /learn together in this thread, i just download snagit program to attachments the graph.... see big pictures. zona audusd 1.0100-1.0300 ,always look h4 to make decision for buy or sell. set stop loss 150-200pip.you can ask me everyday,but i will try give you answer?MAY GOD BLESS YOU.
Mr Chia,

Thanks for your time to share your analysis. May God bless you.
  • #522
  • Jul 15, 2012 2:57am Jul 15, 2012 2:57am
supertrader9,i use candlestick just for weekly,daily ,h4 and h1, and i use time frame m15 with rsi, if you just use m15 without others timeframe, i suggest you to set your tp 20-50pips,sometimes can get more.if you can profit every week or every month, congratulation for you, my target is at least 70pips, sometimes 100-200pip, ever 500pips. happy trading Jesus Bless You.
Spore_Rookie, i try help you, articulate's thread is very good, read his posting many times and make analisys.it,s will help you ....May .Jesus Bless You.
  • #523
  • Jul 15, 2012 3:14am Jul 15, 2012 3:14am
Spore_Rookie, for gbp usd draw big line,horizontal line every 500pip, 1.5300,1.5800,1.6300 etc,and horizontal line every 50pip,we need it for 50PAA .use RSI 14, draw line horizontal in point 18,30,50,70,82.give colours as you want like pictures above. sorry about my english,maybe make you confuse,my english not so good.May Jesus bless you
  • #524
  • Jul 15, 2012 10:15pm Jul 15, 2012 10:15pm
Quoting mr.chia
spore_rookie, for gbp usd draw big line,horizontal line every 500pip, 1.5300,1.5800,1.6300 etc,and horizontal line every 50pip,we need it for 50paa .use rsi 14, draw line horizontal in point 18,30,50,70,82.give colours as you want like pictures above. Sorry about my english,maybe make you confuse,my english not so good.may jesus bless you
spore rookies, gbpusd rsi h4 in zona 60-70,h1 zona 70-82. Candle h4 just 1 colour reverse,wait ??or sell in zona 1.5600-1.5700,check every 4hour, audusd and nzdusd ready to put your sell limit.may jbu
  • #525
  • Jul 16, 2012 3:21am Jul 16, 2012 3:21am
Quoting Mr.chia
spore rookies, gbpusd rsi h4 in zona 60-70,h1 zona 70-82. Candle h4 just 1 colour reverse,wait ??or sell in zona 1.5600-1.5700,check every 4hour, audusd and nzdusd ready to put your sell limit.may jbu
spore rookies,GBPUSD RSI h4 and h1 cross 60, M15 CROSS 50 AND TOUCH 18-30,ITS MEAN READY TO SELL,
for daily candle, you can wait until 2-3candle to make decision, its mean put sell limit in wednesday-thursday,1 week 1-2 trading,.
any question??? May Jesus Bless You
  • #526
  • Jul 16, 2012 6:12am Jul 16, 2012 6:12am
Quoting Mr.chia
Spore_Rookie, for gbp usd draw big line,horizontal line every 500pip, 1.5300,1.5800,1.6300 etc,and horizontal line every 50pip,we need it for 50PAA .use RSI 14, draw line horizontal in point 18,30,50,70,82.give colours as you want like pictures above. sorry about my english,maybe make you confuse,my english not so good.May Jesus bless you
Mr Chia,

I have drawn all the lines as recommended above. Your english is as good as mine, I am not confused at all. Thank you for your kind guidance, May God bless you.
  • #527
  • Jul 16, 2012 6:18am Jul 16, 2012 6:18am
Quoting Mr.chia
spore rookies,GBPUSD RSI h4 and h1 cross 60, M15 CROSS 50 AND TOUCH 18-30,ITS MEAN READY TO SELL,
for daily candle, you can wait until 2-3candle to make decision, its mean put sell limit in wednesday-thursday,1 week 1-2 trading,.
any question??? May Jesus Bless You
Mr Chia,

Will it be a better to sell when the RSI are above 70 for most of the TF?
  • #528
  • Edited 8:06pm Jul 16, 2012 7:45am | Edited 8:06pm
Quoting Spore_Rookie
Mr Chia,

Will it be a better to sell when the RSI are above 70 for most of the TF?
ALWAYS confirm with candle,look h4 candle ,3candle h4 its different colour,so i put my sell limit 1.5600,sell when rsi m15 in zona 70-82.if the price touch 1.5700,it's mean bonus for me. nzdusd will be broke 0.7850 line,maybe this week ,maybe next week
look wekly candle,gbpusd,5 weekly candle before,its strong area,give rectangle for last month support/resistance,area 1.5700-1.5800 is strong area, maybe gbpusd can broke that area after kiss 1.5300, so i put my buy limit in 1.5300,last year support,its strong area,big player have pending order in this area.
don't forget drawing treadline h4 and daily trend and .weekly trend ,zoom out,S/P, its IMPORTANT.
sometimes i need 2-3 candle daily to sell again.JBU
  • #529
  • Jul 17, 2012 7:23am Jul 17, 2012 7:23am
@Chia

I am impress that you finally post your charts. As they say, a picture is more than a thousand word. Attaching charts to analysis ensures better understanding of the analysis. It will also make it easier for me to advise you where I feel you are not getting it right.

I hope you will attach more charts to your analysis or trade calls in future.




Quoting Mr.chia
i can't help you for eurusd PAIRS,I HAVE PENDING ORDER 1.1450 eurusd, just for analisys.
  • #530
  • Jul 18, 2012 5:13am Jul 18, 2012 5:13am
Very nice posts mr chia, kind and helpful traders are not easy to find
  • #531
  • Edited 11:32am Jul 18, 2012 10:31am | Edited 11:32am
Quoting ladylyn
Very nice posts mr chia, kind and helpful traders are not easy to find
LADYLYN,just share my experience and knowledge about forex
i consider put my sell limit again if this day close under 1.5650 or under 1.5665....2 weeks candle before it's very important.,thanks for articulate to share about big picture and big players.May Jesus Bless You
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 7-18-2012 10-24-16 PM.png Size: 164 KB
Click to Enlarge Name: 7-18-2012 10-24-54 PM.png Size: 155 KB
Click to Enlarge Name: 7-18-2012 10-25-50 PM.png Size: 180 KB
Click to Enlarge Name: 7-18-2012 10-26-23 PM.png Size: 209 KB
  • #532
  • Jul 18, 2012 11:10am Jul 18, 2012 11:10am
ARTICULATE, AUDUSD ,if the price touch 1.0450,i will put my buy limit and if the price drop again and touch 1.0000, i will put my sell limit, audusd in zona 1.0100-1.0350,how do you think???can the price brake 1.0470, monthly candle?????wait and see?????just share my opinion, maybe can help other trader.May Jesus Bless You all
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 7-18-2012 10-46-07 PM.png Size: 156 KB
Click to Enlarge Name: 7-18-2012 10-46-20 PM.png Size: 159 KB
Click to Enlarge Name: 7-18-2012 10-46-30 PM.png Size: 158 KB
Click to Enlarge Name: 7-18-2012 10-47-09 PM.png Size: 180 KB
  • #533
  • Jul 18, 2012 7:20pm Jul 18, 2012 7:20pm
Quoting Articulate
@Chia

I am impress that you finally post your charts. As they say, a picture is more than a thousand word. Attaching charts to analysis ensures better understanding of the analysis. It will also make it easier for me to advise you where I feel you are not getting it right.

I hope you will attach more charts to your analysis or trade calls in future.
IF THIS WEEK ,EURUSD can't break out 1.2160,and close in zona 1.2160-1.2260, next week ,i consider to put my buy limit.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 7-19-2012 7-06-03 AM.png Size: 139 KB
Click to Enlarge Name: 7-19-2012 7-06-40 AM.png Size: 135 KB
Click to Enlarge Name: 7-19-2012 7-09-12 AM.png Size: 145 KB
  • #534
  • Jul 19, 2012 11:03am Jul 19, 2012 11:03am
AUDUSD 1.0300 IS BROKEN,trend is continued,i will wait in zona 1.0200-1.0300 for buy.weekly candle is very strong ,follow weekly candle.JBU
  • #535
  • Jul 19, 2012 11:09am Jul 19, 2012 11:09am
Quoting mr.chia
audusd 1.0300 is broken,trend is continued,i will wait in zona 1.0200-1.0300 for buy.weekly candle is very strong ,follow weekly candle.jbu
buy when rsi h1 in zona 18-30.may god bless you
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 7-19-2012 10-56-11 PM.png Size: 159 KB
Click to Enlarge Name: 7-19-2012 10-56-38 PM.png Size: 157 KB
Click to Enlarge Name: 7-19-2012 11-07-05 PM.png Size: 182 KB
  • #536
  • Jul 19, 2012 11:49pm Jul 19, 2012 11:49pm
GBPUSD , LOOK RSI weekly, horisontal line 40 and 60,i give rectangle purple, after under 40 or above 60,it pull back cross 40 or 60,its mean ready to buy or sell,but always watch weekly candle ,sometimes just need 1 weekly ,sometime 2-4 weekly.this is big player 1 position.
LOOK RSI DAILY,Horisontal line 40 and 60,i give rectangle purple,after under 40 or above 60,it pull back cross 40 or 60,its mean ready to buy or sell,but always watch daily candle, ,sometimes just need 3 daily ,sometimes 4-7 daily.this is big player 2 position.it's depend on pairs.
DO
ABOUT money management,some advice from me
If our balance US$1000
short term /player 3 use 0,01 SL 200PIP ,RISK 2% =US$20
med term/big player 2 use 0,02 SL 200PIP, RISK 4%=US$ 40
LONG TERM/big player1/most profitable use , 0,03, SL 200PIP risk 6%=60US$
SOME PAIRS LIKE AUDUSD, SL 150 ENOUGH.
only 2 position can open,so don't add new position before close old position,
position 1 and 2 must be have range ,less 50pips or 50-100pips.

notice: ema's and other indikator just follow the price/candle, that why some time this ema's very good or profitable for this pairs but not so good or make we loss in others pairs. Life is a learning...May Jesus Bless You.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 7-20-2012 11-00-32 AM.png Size: 166 KB
Click to Enlarge Name: 7-20-2012 11-01-48 AM.png Size: 165 KB
  • #537
  • Jul 20, 2012 2:23am Jul 20, 2012 2:23am
Price movement can also, and more than likely will, be sparked by economic events keep an eye on it if you are a new trader. In this instance, market participants may interpret fundamental data differently and not as cut and dry as the more novice trader.
A perfect example of this is usually monthly manufacturing reports that are released in pretty much all curriencies especially GBP. The classic scenario has the market honed in on a particular number for the month. However, traders young and old will sometimes wonder why the market sold off if manufacturing showed positive growth. The answer is simple. The market had a different interpretation and positions were violently reshaped and shifted. These tend to create great opportunities for some and horrible memories for others.
Last time is very quiet for currencies, they are consolidating. After long consolidation comes strong movements, so wait till importnat support/resistance levels will be broken and follow the trend
  • #538
  • Jul 21, 2012 12:08pm Jul 21, 2012 12:08pm
Quoting ha-pattern
Live fails on psych or method, demo on method.

The Holy Grail is never caught, just chased. Some tire, others don't know when to stop, and a very few say, "This is enough for me."
So true, and funny thing is the secret to success is proper leverage, and proper MM. Its all about the MM. So many times people get stopped out to see price go in their direction some short time later.
Know when to hold em, Know when to fold em!
  • #539
  • Edited 9:15pm Jul 22, 2012 8:47pm | Edited 9:15pm
[quote=Mr.chia;5857472]AUDUSD 1.0300 IS BROKEN,trend is continued,i will wait in zona 1.0200-1.0300 for buy.weekly candle is very strong ,follow weekly candle.JBU[/Q
IF AUDUSD touch/or pull back in area 1.0050-1.0150,its probably trend is change.
Audusd 850pips, nzdusd 600pips, trend change????end of the monthly and end of the weekly is very important.
spore rookies , are sell gbpusd????
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 7-23-2012 8-27-57 AM.png Size: 148 KB
Click to Enlarge Name: 7-23-2012 8-28-34 AM.png Size: 142 KB
Click to Enlarge Name: 7-23-2012 8-32-29 AM.png Size: 148 KB
Click to Enlarge Name: 7-23-2012 8-33-31 AM.png Size: 176 KB
Click to Enlarge Name: 7-23-2012 8-34-00 AM.png Size: 143 KB
Click to Enlarge Name: 7-23-2012 8-34-10 AM.png Size: 142 KB
Click to Enlarge Name: 7-23-2012 8-34-37 AM.png Size: 193 KB
  • #540
  • Jul 23, 2012 9:52pm Jul 23, 2012 9:52pm
Finally i close to tp 95 and 156pips GBPUSD, and wait to buy in zona 1.5300-1.5400. h4 touch 30,daily and weekly close to 40 rsi,
spoore rookies, for short term, need to comform with daily rsi,close to 40 and 60.May JESUS bless you all.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 7-24-2012 9-36-01 AM.png Size: 161 KB
Click to Enlarge Name: 7-24-2012 9-36-13 AM.png Size: 157 KB
Click to Enlarge Name: 7-24-2012 9-36-24 AM.png Size: 153 KB
2 traders viewing now