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Attachments: Stomach system
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Stomach system

Quoting omarjazaeri
Dear davit ,
what ever there is a losing trades in this system on a 5 min chart , they would be very small , ( 3-7 pips ) but the profit trades are much more .
you can check the system and discover it by your self.

but any way , thanks for your comment.
I am skeptical of your honesty of your statements.
3-7 pips loss on 5min? Its a lough. On every hour they are probably 15-20 pips spikes on 5min chart that would easily eat whatever profit you think you might make.
If you place your stops too close then you will be stopped out constantly and if 15-20pips away get stopped out on spikes.
By the time your stomach indicator tells you anything worth telling Price probably has passed profit point and you would be looking tailing possible spike down or up.
What bothers me that you actually started a thread on this and potentially harm new traders with snake oil.
In trading, you have to be defensive and aggressive at the same time
Quoting Davit
I am skeptical of your honesty of your statements.
3-7 pips loss on 5min? Its a lough. On every hour they are probably 15-20 pips spikes on 5min chart that would easily eat whatever profit you think you might make.
If you place your stops too close then you will be stopped out constantly and if 15-20pips away get stopped out on spikes.
By the time your stomach indicator tells you anything worth telling Price probably has passed profit point and you would be looking tailing possible spike down or up.
What bothers me that you actually started...
Dear Davit,
thanks for your comments,
but i want you and all members in this thread to know , that i'm not giving and signal to buy or sell , i'm just sharing a strategy that i've been working on it some while , and i found it profitable.
in addition that i'm not monitoring the 5 min chart all the time and building a decision on this time frame , before entering any position i always check higher time frames to get the trend direction ( 15 min , 1 hour , daily ), this is a must.

i'm not asking any one to follow this strategy before testing it on a demo account , then upon the result its his choice to use it or not.

thanks ,
and i appreciate your (+ or - ) comments.
Quoting omarjazaeri
Dear davit ,
what ever there is a losing trades in this system on a 5 min chart , they would be very small , ( 3-7 pips ) but the profit trades are much more .
you can check the system and discover it by your self.

but any way , thanks for your comment.

Hi Omarjazaeri,

It only took 19 posts to condem your method. Surely not a record but definitely in the top 10%..Interesting, there are those who are so quick to condem.

You said it best>>>
i'm just sharing a strategy that i've been working on it some while , and i found it profitable.

The method will, in the long run, speak for itself.

Good luck
Many pips

TSD

Quoting TraderinSD
Hi Omarjazaeri,

It only took 19 posts to condem your method. Surely not a record but definitely in the top 10%..Interesting, there are those who are so quick to condem.

You said it best>>>
i'm just sharing a strategy that i've been working on it some while , and i found it profitable.

The method will, in the long run, speak for itself.

Good luck
Many pips

TSD

yes , thats it TSD , we will see in the long term.
thanks for your comments.

one more thing to add is that i only trade this system in the volume market ( when london open until first 2 hours of NYO. , i never trade after that.

thanks again.
Omar
Just curious if you have any results on the 1 min TF with this? Thanks.
"Loss and failure are inevitable but misery is optional"
  • Post #26
  • Quote
  • Edited Sep 25, 2012 12:28am Sep 24, 2012 8:30pm | Edited Sep 25, 2012 12:28am
Quoting carmel
Just curious if you have any results on the 1 min TF with this? Thanks.
hi carmel,
no i dont have results on 1 min tf , and i dont recommend this TF as it will give you many false signals.

thanks,
  • Post #27
  • Quote
  • Edited 10:28pm Sep 24, 2012 10:24pm | Edited 10:28pm
hi

I am newbie
I interested to the system...
can you explain about how you use adr?
sorryits not adx but adr


ty
Quoting Davit
Its been proven over and over Stoch,MACD etc give more false signals then correct signals.Simply because they are lagging!!!!
Learn to trade!That's all I can say.
Successful divergence traders often use stoch and macd.
Quoting franktiger
hi

I am newbie
I interested to the system...
can you explain about how you use adr?
sorryits not adx but adr


ty
please check this link:
Inserted Video
!

regards,
Omar
check your messaging/PM
redsword11, IfMyante, KennyZ, bumapatria, JR97 made my trading style.
Quoting omarjazaeri
attached is the indicators used in this system ,
just copy them in the indicators folder.
updates on the indicators and the template..
Attached File(s)
File Type: rar indicators.rar   35 KB | 396 downloads
File Type: tpl stomach.tpl   15 KB | 341 downloads
Quoting omarjazaeri
attached is the indicators used in this system ,
just copy them in the indicators folder.

latest updates on the indicators and template on post # 31
so we need a new set of rules now?
Follow your GUT. If your gut feels like KING KONG ------- GET OUT FAST !!!
(profits disappear rapidly when KING KONG shows up)

And if your gut feels sick ---------- GET OUT FAST (before it eats up your whole account)

Last, but not least : people who always have to be right will never make it in the trading world. Just love being wrong and still make yourself some pips. Losing trades happen. And even on winning trades you're still going to be wrong. (On losing trades, you're position was too large - on winners, your position wasn't big enough - or you should have got in earlier and held on longer - or you should have just stood on the sidelines instead of diving in) The chances of buying the exact low and selling the exact high are slim to none. So not being right all the time is a good thing. Enjoy being wrong.
Quoting Jse Alsi
so we need a new set of rules now?

its not actually a new rules , but i add a new indicator , and set the strategy on 15 min. chart ,
its less risk than 5 min.

regards,
Stick to the original settings and indicators/rules and u`ll find it hard to go wrong,you have turned a good system into a load of crap ,thanks ill keep the original.
Quoting Jse Alsi
Stick to the original settings and indicators/rules and u`ll find it hard to go wrong,you have turned a good system into a load of crap ,thanks ill keep the original.
Dear Jse,
its the same system , but just for less risk to be on 15 minutes TF.
There are new indicators and u lost the thv trix which is a very good filter , you need to follow through with explanations for people to show an interest and possibly contribute. You also stated in your very first post that you`ve been using the system for ages and yet in one week of posting its evolved into circus lights. Lets stick to the original system with the THV and if u add anything pls explain,otherwise u will win no credibility in these parts.
  • Post #39
  • Quote
  • Last Post: Edited 1:03am Oct 5, 2012 12:59am | Edited 1:03am
Quoting Davit
Not to rain on your parade good trader trading for a while knows relying on lagging indicator to make money on 5min chart is a losing proposition worse dragging newbies along the way.
Funny instead of learning how to trade you actually tried indicators as though they hold the magic formula.They don't!
Its been proven over and over Stoch,MACD etc give more false signals then correct signals.Simply because they are lagging!!!!
Learn to trade!That's all I can say.
ehm so what your leading indicator, please?
i think it is not the formula but the way of thinking..
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