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The perfect trading system

  • #581
  • Aug 18, 2012 9:19am Aug 18, 2012 9:19am
EUR/USD is currently trapped within 1.2000-12500 until the ECB does or fails to do something dramatic.

For medium term, we will require two weekly candles to confirm reversal of the currently bearish run. These are the two signs:

1. The body of a weekly candle will break through 1.2500 (not pin)
2. The body of a second weekly candle will sit (open and close) on the 1.2500

For now now the European leaders have not done any thing tangible and the pressure is still to the downside.






Quoting HarryPlopper
hi Articulate, regarding EUR/USD, based on your longer term charts, do you expect price to break out below 1.2050/1.24450 any time soon or just further consolidation? Are these current higher prices new opportunities to short the current downtrend?
  • #582
  • Edited 9:59am Aug 18, 2012 9:41am | Edited 9:59am
Rafiki,

If you check this thread carefully, you will see that I have posted the Masterchart for GBPJPY several times. For ease of reference, the Masterchart levels for the dragon are 1000 pips divided into 500 each i.e. 150, 145, 140, 135, 130, 125, 120, 115, etc. Always use round figures for your Masterchart levels for the best result and use weekly pins (PA or price action) to determine temporary support/resistance.

Read my posting on the line in sand. the lines in sand are drawn on the pin of a weekly chart after 1000 pips movement. The dragon is the most volatile pair in FX and it can run between 1300-1500 before you pick your line in sand.

From your chart, I can see that you got the lines in sand wrong. For example the pins of GBPJPY after the run from 117 is around 132 area while after the fall from 132 is around 118. 118 is the current line in the sand. Your line at 124.28 is neither a line in sand nor a Masterchart level, but a temporary barrier (a line of consolidation) to the bullish run from 118. The area of consolidation is actually between 120.70 to 124.28 which you rightly indicated on your chart.

In simple term, you get line in the sand for GBPJPY after 1300-1500 pips movement, while the Masterchart level are 500 pips apart.

I don't have access to my platform now but I will post a Masterchart for GBPJPY as at this month. Meanwhile, you can adjust your lines at the levels indicated above for accurate analysis.






Quoting Rafiki
Hello Articulate,

[ATTACH][ATTACH]10205Attachment 32[/ATTACH][/ATTACH]

I am having difficulty attaching a weekly image that i have done of GBP JPY so that I could discuss with you where I expect this pair to go to.

Please help me out with a current Masterchart so that I can closely follow this pair. Based on the weekly chart that I have drawn it hit major resistance at 124.28 , however , it has gone up to 124.75. I expected it to turn around at 124.28 but maybe my line in the sand was wrong or just some news today has pushed it...
  • #583
  • Aug 19, 2012 5:03pm Aug 19, 2012 5:03pm
Hi Articulate
I came Upon your " Perfect Trading" system thread today. and have read the first 20 pages. I think you have a very clear and concise analysis method. Here are some of my questions;

How do you create Mastercharts. You say there is a 1000 pip difference between concrete support and resistance. Here is what I have observed for GBP/USD for 2012. Ww have a Monthly average range of 517 pips, Weekly range of 245 pips, Daily Range of 113 pips and 4 hour range of 32 pips, I drew horizontal lines from the lowest point on the chart of 1.5222 for 2012 in the increments mentioned above and these become my strong to minor support/ resistance lines. 4 hour being minor. , The current price is 1.5686 on 19th August. so I now expect to sell or buy if the price goes to 1.57121,5674, 1.5448. 1.5457 provided we are in RSI 70 plus or 30 range and there is 4 hour candle confirming bullish or bearish reversal. While wrting this the market just opened and gapped open at 1.5699.Is my reasoning correct, for drawing the master chart and for taking trades.
Please advise. Youe reply is highly appreciated. I am looking f=to take trade of the 4 hour chart to make abt 26 pips, because the 4 hr candle range is only 32 pips
Thanks
  • #584
  • Aug 19, 2012 6:31pm Aug 19, 2012 6:31pm
Quoting Zen
Really?

The first time I didn't feel like any fish, big or small, at all. After all, even the smallest fish was born with the ability to swim.

I felt more like someone pushed me overboard in the middle of Atlantic while I knew nothing about swimming. Either I learn on the spot, or drowned.
you no push you. You did this to yourself.
More than a hobby. Never a game. US Client at 1:50.
  • #585
  • Aug 19, 2012 11:23pm Aug 19, 2012 11:23pm
Quoting Rafiki
Hello Articulate,

[ATTACH][ATTACH]10205Attachment 32[/ATTACH][/ATTACH]

I am having difficulty attaching a weekly image that i have done of GBP JPY so that I could discuss with you where I expect this pair to go to.

Please help me out with a current Masterchart so that I can closely follow this pair. Based on the weekly chart that I have drawn it hit major resistance at 124.28 , however , it has gone up to 124.75. I expected it to turn around at 124.28 but maybe my line in the sand was wrong or just some news today has pushed...
Rafiki, Life is learning, i just share my analisys. i hope it will be help traders. RAFIKI, are you just trading gbpusd and gbpjpy???

i attach my chart for analisys, candle h4 will tell us time for buy or sell. May Jesus Bless You All.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 28.png Size: 146 KB
Click to Enlarge Name: 29.png Size: 142 KB
  • #586
  • Aug 19, 2012 11:29pm Aug 19, 2012 11:29pm
i attach audusd and nzdusd.remember to look daily chart too.
Rafiki, i use snagit for to attach the chart, it's easy to use
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 32.png Size: 142 KB
  • #587
  • Aug 20, 2012 6:35am Aug 20, 2012 6:35am
Articulate,

Thank you for your patient and clear explanation. My knowledge is slowly improving and you are a big reason for that.

I hope I will be able to contribute in the near future like all who contribute here. I look forward to seeing your current GBP JPY Masterchart.

You have great members here.
  • #588
  • Aug 20, 2012 6:46am Aug 20, 2012 6:46am
Rafiki, Life is learning, i just share my analisys. i hope it will be help traders. RAFIKI, are you just trading gbpusd and gbpjpy???

i attach my chart for analisys, candle h4 will tell us time for buy or sell. May Jesus Bless You All.

Mr Chia,

I am only trading GBY JPY at this time, being a new trader I want to apply Articulate's teaching to one pair and make it a success. I believe when I have totally understood the " big picture" when trading this can be applied to any pair.

Thank you for all your analysis and charts you post here. You said you use snagit to post charts, what is snagit?
  • #589
  • Aug 20, 2012 9:38am Aug 20, 2012 9:38am
Quoting Rafiki
Rafiki, Life is learning, i just share my analisys. i hope it will be help traders. RAFIKI, are you just trading gbpusd and gbpjpy???

i attach my chart for analisys, candle h4 will tell us time for buy or sell. May Jesus Bless You All.

Mr Chia,

I am only trading GBY JPY at this time, being a new trader I want to apply Articulate's teaching to one pair and make it a success. I believe when I have totally understood the " big picture" when trading this can be applied to any pair.

Thank you for all your analysis and charts you post...
RAFIKI, YOU CAN FIND SNAGIT IN GOOGLE, i glad to hear that you just trade in gbpjpy, for newbie,most important trade just 1 or 2 pairs and use simple indikator, don't use too much indikator, it will make you confuse, GOD BLESS YOU
  • #590
  • Aug 20, 2012 9:47am Aug 20, 2012 9:47am
Mr Chia,

I have learnt many many lessons - one of them is trade only a pair or two if you are a rookie. Sometimes you may pick two pairs that really move the same way , so why pick two when you can just add more lots on ONE.

Thank you for letting me know about SNAGIT , I will try it.
  • #591
  • Edited Aug 21, 2012 10:20am Aug 20, 2012 12:21pm | Edited Aug 21, 2012 10:20am
The Masterchart levels for GPBUSD are 1000 pips divided into two equal parts of 500 pips. These levels are 1.3300, 1.4300, 1.5300, 1.6300, 1.7300, etc. You can calculate 500 pips from these levels to know the temporary supports e.g 1.3800, 1.4800 etc. These are the classical Technical levels and they remain like that for years.

The technical levels tell the past. Price Action which is best captured by the weekly pins however tell future. The red and yellow lines shows that the cable for the past eleven weeks has been trapped between 1.5800-1.5450. The weekly candle will break out of this level to confirm if the bullish run will continue and a break below indicated a re-test of 1.5300. Search for my for my 50PPAA to see how you can use H4 charts to trade between this range.

The current line in the sand is under 1.5300 and the monthly candles have remain bullish since then. As you can see 1.5800 is the barrier to the bulls. Until 1.5300 is broken by the weekly candle, the bullish run is still alive.

Study the charts below carefully and see how the weekly/monthly candles behave around these levels. Study the weekly candles more carefully and see the most important levels for trading.

This is the big picture, master it and your trading will never be the same again!




Quoting Praveensuri
Hi Articulate
I came Upon your " Perfect Trading" system thread today. and have read the first 20 pages. I think you have a very clear and concise analysis method. Here are some of my questions;

How do you create Mastercharts. You say there is a 1000 pip difference between concrete support and resistance. Here is what I have observed for GBP/USD for 2012. Ww have a Monthly average range of 517 pips, Weekly range of 245 pips, Daily Range of 113 pips and 4 hour range of 32 pips, I drew horizontal lines from the lowest point on the chart of 1.5222...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gpbrusd - monthly august 2012.gif Size: 16 KB
Click to Enlarge Name: gbpusd- weekly august 2012.gif Size: 17 KB
  • #592
  • Aug 20, 2012 12:25pm Aug 20, 2012 12:25pm
This is the weekly chart the above analysis.

Quoting Articulate
The Masterchart levels for GPBUSD are 1000 pips divided into two equal parts of 500 pips. These levels are 1.3300, 1.4300, 1.5300, 1.6300, 1.7300, etc. You can calculate 500 pips from these levels to know the temporary supports e.g 1.3800, 1.4800 etc. These are the classical Technical levels and they remain like that for years.

The technical levels tell you past. Price Action which best captured by the weekly pins however tell you future. The red and yellow lines shows that the cable that for the past eleven weeks has been trapped between 1.5800-1.5450....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd- weekly august 2012.gif Size: 17 KB
  • #593
  • Aug 20, 2012 12:27pm Aug 20, 2012 12:27pm
These are Monthly and weekly Masterchart for GBPJPY
Quoting Rafiki
Articulate,

Thank you for your patient and clear explanation. My knowledge is slowly improving and you are a big reason for that.

I hope I will be able to contribute in the near future like all who contribute here. I look forward to seeing your current GBP JPY Masterchart.

You have great members here.
  • #594
  • Aug 20, 2012 12:31pm Aug 20, 2012 12:31pm
This the current Masterchart for GBPJPY. Look out for my monthly update at the beginning of each month.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy- monthly august 2012.gif Size: 15 KB
  • #595
  • Aug 20, 2012 2:27pm Aug 20, 2012 2:27pm
Articulate

Thank you very much for your prompt response. I appreciate it it very much

However while I understand the weekly pins and the way to anlayze support and resistance and also the 50ppa method, my questions are

1 How did you determine 1000 pips range..Assuming it is a classical range for the past 10 years,between the high and low, I can understand that concept
2 You say divide that into 2 500 pips range. I assume you are saying that, because volatility year to tear may differ and therefore a 500 pi range is good number to work with.
3 What I do not understand is how do you come to the conclusion of marking 1.43. 1.53. 1.63 etc on USD/GBP as the numbers from where to start the count of 500 pips from there
Would appreciate your clarification and would also like your opinion on my earlier question where I marked the daily, weekly and monthly ranges and started counting from the lowest point on the chart. Is that correct or helpful

Again as I read more and more into your thought process, I am very appreciative and gratful of the fact, that you have taken so much time to share your method and patiently answered questions, which at times may seem foolish to you.
Thank you for a great selfless effort
  • #596
  • Aug 20, 2012 5:04pm Aug 20, 2012 5:04pm
Here is the daily Masterchart for GBPJPY.
  • #597
  • Aug 20, 2012 7:39pm Aug 20, 2012 7:39pm
I don't see any chart as per your post
Also would appreciate if u can tell me how you conclude 1.43. 1.53. 1.63 etc on USD/GBP as the numbers from where to start the count of 500 pips from there
And the reason for 1000 pip range and why are you dividing that by 2 to add 500 pips to your number. Also can you explain the logic for numbers for EUR/USD
Thanks
  • #598
  • Aug 20, 2012 8:41pm Aug 20, 2012 8:41pm
Hi Articulate,

Thank you for your Monthly Masterchart. Your daily and weekly Mastercharts did not get attached.

Your tireless and prompt help whenever each one of us asks a question is a quality one rarely sees today and is a wonderful example of the giving person you are.
  • #599
  • Aug 20, 2012 11:30pm Aug 20, 2012 11:30pm
rafiki, this is my view about gbpjpy, for short term, but i am not guarantee, just for analisys. look weekly chart rsi 50, daily chart rsi 60, h4 rsi touch 70, so wait after h1 rsi touch 30, and put your sell limit,after touch h1 rsi 30, wait it pull back in zona 60-70 to sell. May Jesus Bless You
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  • #600
  • Aug 21, 2012 8:30am Aug 21, 2012 8:30am
There is no such thing as the "perfect trading system" because you are ALWAYS faced with incomplete information...ergo you can't tailor your system to be perfect. All you can do is minimize losses and maximize winners.
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