The perfect trading system | Page 37 | 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

  • #721
  • Sep 19, 2012 8:30am Sep 19, 2012 8:30am
Fuelled by bond buying and QE3 most pairs have completed 1000 pips move and they are ripe for another set of lines to guide the downward journey.

I am slightly engaged for now but will find time to post my charts showing the new lines in the sand. However, if you want to these draw these lines on your chart, re-read my post on drawing lines in the sand for the guidance.

Enjoy your week!

My view for September 2012

The temporary support for now is 1.2500 and the target is 1.3000, but there is a barrier between 1.2750-1.2800 (check the top of the previous weekly candles to recognise this barrier). For 1st class trading opportunities, wait for a weekly pin around 1.3000 for opportunities to short for at least 500-1000 pips or wait for a re-test of 1.2000 to begin to look for opportunities to go long.


This is how to plan a trade, set your parameters and determine the range ahead of the game.[/quote]
  • #722
  • Sep 20, 2012 1:21pm Sep 20, 2012 1:21pm
Hello Articulate,

I have heard the term strong resistance and support.

How does one differentiate between regular support and resistance and so called strong resistance and support.

Thank you
  • #723
  • Sep 21, 2012 8:57am Sep 21, 2012 8:57am
The long term support/resistance areas are located at the Masterchart levels or 1000 pips aparts for most pairs, 1500 for AUDUSD and between 1300-1500 for GBPJPY.

Anything below the above price movements is a minor support/resistance it could be 200 pips, 300 pips or 500 pips. You can easily recognise them first by H4 pins, then daily pins and finally weekly pins around 50PPAA charts.


Quoting Rafiki
Hello Articulate,

I have heard the term strong resistance and support.

How does one differentiate between regular support and resistance and so called strong resistance and support.

Thank you
  • #724
  • Sep 24, 2012 7:35am Sep 24, 2012 7:35am
[quote=Articulate;6032834]The long term support/resistance areas are located at the Masterchart levels or 1000 pips aparts for most pairs, 1500 for AUDUSD and between 1300-1500 for GBPJPY.

Anything below the above price movements is a minor support/resistance it could be 200 pips, 300 pips or 500 pips. You can easily recognise them first by H4 pins, then daily pins and finally weekly pins around 50PPAA charts.[/Q

Articulate, nice to see you posting again, i haved sell gbpusd 1.6300, stong area, i still waiting for take profit maybe 2-4weeks,sign for reverse weekly daily h4. Happy trading every one.God Bless You
  • #725
  • Sep 26, 2012 8:30am Sep 26, 2012 8:30am
You got in at the perfect price. 1.6000 (+/-60 pips) is the psychological barrier for the cable while 1.5800 is the 50% retrace. Watch out for these levels and monitor 1 weekly candle at a time. As I have mentioned several times, I will only post if there are significant development. For example I have mentioned 1.6300 for GBPUSD several weekls back and 1000 pips for other pairs and only alerted serious traders when we got to these levels.


Articulate, nice to see you posting again, i haved sell gbpusd 1.6300, stong area, i still waiting for take profit maybe 2-4weeks,sign for reverse weekly daily h4. Happy trading every one.God Bless You[/quote]
  • #726
  • Sep 26, 2012 8:32pm Sep 26, 2012 8:32pm
Articulate what is your views about AUDUSD and NZDUSD? MAY GOD BLESS YOU
  • #727
  • Sep 28, 2012 6:46am Sep 28, 2012 6:46am
Now I am trying to choose a right strategy for trading. Could you tell which is better. Traders write scalping is better when you open a deal quickly and then close it to profit. But it is not very convenient, because if the price goes against me, I lose much more than earn. Maybe it would be a good idea to open long. But in small volumes. Could someone tell me an another variant
Really appreciate your thoughts.
  • #728
  • Edited 5:32am Oct 2, 2012 4:50am | Edited 5:32am
This is my view on NZDUSD as reflected in the monthly and weekly charts. From the yellow line in sand (990 pips) you can begin to short all the way down to 0.80000. If you look at the weekly chart price turned back at the exact spot it did nine (9) months ago before dropping back to 0.7500. Will it go there or not? Time will tell, follow . But what I know is that after about 1000 pips bullish movement, a sell has a higher probability of success. My verdict, sell any weekly & H4 pins until 0.8500 is broken to the upside.


Quoting Mr.chia
Articulate what is your views about AUDUSD and NZDUSD? MAY GOD BLESS YOU
Attached Image(s) (click to enlarge)
Click to Enlarge Name: october 2012 nzdrusd monthly -990 pips.gif Size: 16 KB
Click to Enlarge Name: october 2012 nzdrusd weekly -990 pips.gif Size: 16 KB
  • #729
  • Oct 2, 2012 5:42am Oct 2, 2012 5:42am
This is the monthly update for GBPUSD. It completed 1041 pips and turned back you can see the line in the sand. I alerted interested traders when most of the major pairs reached 1000 pips. It took the cable the first 4 months (Jan-April) of the year to make 1000 pips and reversed it in one month (May 2012). It took another 4 months (June-Sep) to move 1000 pips. Will it reverse it in one month (October)? Time will also tell. Follow 1 weekly candle at a time and you will never miss the way!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: october 2012 gbpusd monthly - 1041pips.gif Size: 20 KB
Click to Enlarge Name: october 2012 gbpusd weekly - 1041pips.gif Size: 21 KB
  • #730
  • Oct 2, 2012 5:50am Oct 2, 2012 5:50am
Here is the monthly update for AUDUSD. If you follow my analysis for the other pairs, the charts speak for themselves.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: october 2012 audusd monthly -.gif Size: 16 KB
Click to Enlarge Name: october 2012 audusd weekly -.gif Size: 16 KB
  • #731
  • Oct 2, 2012 6:14am Oct 2, 2012 6:14am
Monthly update for GBPJPY. The weekly chart tell the story more clearly.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: october 2012 gbpjpy monthly - 1003 pips.gif Size: 16 KB
Click to Enlarge Name: october 2012 gbpjpy weekly - 1003 pips.gif Size: 14 KB
  • #732
  • Oct 2, 2012 6:21am Oct 2, 2012 6:21am
Here is the monthly update for USDCAD. The bottom has been holding for the last few weeks. Calculate 1000 pips from the bottom to know where price is heading.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: october 2012 usdcad monthly - 1027 pips.gif Size: 16 KB
Click to Enlarge Name: october 2012 usdcad weekly - 1027 pips.gif Size: 18 KB
  • #733
  • Oct 2, 2012 7:19am Oct 2, 2012 7:19am
Hello Articulate,

Thank you for posting the monthly charts. I am looking at the GBP/JPY chart and I have the following questions:

1. The yellow lines - Is this the 1000 pips movement?
2. The blue lines - What do these represent.
3. From the charts I believe this pair is on its way down? to approx?

Please bear with me if these questions seem basic but I have learnt more from this thread than any other forum.

I am trading this pair ( 4 hrs ) and I am confused currently as to where it is heading. I believe it will go down to 125.40 before it continues to the next major resistance
Attached Image (click to enlarge)
Click to Enlarge Name: GBP JPY 4 hr Oct 2 2012 8 16 am Eastern.png Size: 54 KB



Thank you
  • #734
  • Oct 2, 2012 7:21am Oct 2, 2012 7:21am
Hello Articulate,

On my previous chart the red lines represent the weekly openings and closings of the candles.
  • #735
  • Oct 2, 2012 10:27am Oct 2, 2012 10:27am
The yellow lines is the 1000 pips, while the blue lines is 500 pips. The circle for GBPJPY is between 1300-1500 Ii.e. (130-133 area) . The weekly pin, which is resistance for now and it was responsible for the corrent retrace. The pair is on its way down and the support for now is at 125.

Your H4 support/resistance levels are fairly okay for short term trading, but H4 pins are more realiable for picking resistance/support for short term trading. If you are trading H4 chart, watch out for 125 or H4 pin for early sign of a retest or breakthrough of the resistance. Look at my weekly GBPJPY chart again for the areas I mentioned above.

Quoting Rafiki
Hello Articulate,

Thank you for posting the monthly charts. I am looking at the GBP/JPY chart and I have the following questions:

1. The yellow lines - Is this the 1000 pips movement?
2. The blue lines - What do these represent.
3. From the charts I believe this pair is on its way down? to approx?

Please bear with me if these questions seem basic but I have learnt more from this thread than any other forum.

I am trading this pair ( 4 hrs ) and I am confused currently as to where it is heading. I believe it will go down to 125.40 before it...
  • #736
  • Oct 2, 2012 11:00am Oct 2, 2012 11:00am
Articulate,

Thank you very much for this speedy response to my question, it has provided me with a lot of relief.

I feel happy with your comment that my H4 supports and resistances are fairly okay, I can see the improvement in my results.

I have sent you a private message and look forward to your reply.
  • #737
  • Oct 4, 2012 3:39am Oct 4, 2012 3:39am
Quoting Articulate
This is my view on NZDUSD as reflected in the monthly and weekly charts. From the yellow line in sand (990 pips) you can begin to short all the way down to 0.80000. If you look at the weekly chart price turned back at the exact spot it did nine (9) months ago before dropping back to 0.7500. Will it go there or not? Time will tell, follow . But what I know is that after about 1000 pips bullish movement, a sell has a higher probability of success. My verdict, sell any weekly & H4 pins until 0.8500 is broken to the upside.
ARTICULATE, NZDUSD 890pip, not 990pips, if weekly candle can't break 0.8200, maybe can touch 0.8450(1000pip), how do you thinks??? your thread help me so much,tq May Jesus Lord Bless You.
  • #738
  • Oct 4, 2012 3:55am Oct 4, 2012 3:55am
Hi, everybody. Thanks for information Articulate, it is rather interesting. Would you tell about your system more widely?
  • #739
  • Oct 4, 2012 4:22am Oct 4, 2012 4:22am
Quoting candle779
Now I am trying to choose a right strategy for trading. Could you tell which is better. Traders write scalping is better when you open a deal quickly and then close it to profit. But it is not very convenient, because if the price goes against me, I lose much more than earn. Maybe it would be a good idea to open long. But in small volumes. Could someone tell me an another variant
Really appreciate your thoughts.
You might want to consider reading this area here http://www.forexfactory.com/forumdisplay.php?f=71 if you have already learned the basics of trading. Some strategies are excellent and the thread starters are often good traders with a lot to share. A good resource for learning the basics is here: http://www.forexfactory.com/showthread.php?t=39514, of course, and Babypips.com
Gone to a better place
  • #740
  • Oct 4, 2012 4:30am Oct 4, 2012 4:30am
Quoting Articulate
Fuelled by bond buying and QE3 most pairs have completed 1000 pips move and they are ripe for another set of lines to guide the downward journey.

I am slightly engaged for now but will find time to post my charts showing the new lines in the sand. However, if you want to these draw these lines on your chart, re-read my post on drawing lines in the sand for the guidance.

Enjoy your week!

My view for September 2012

The temporary support for now is 1.2500 and the target...
[/quote]

So, effectively, you are bearish Eur/Usd from 1.3 down to 1.2 for the month of September?
Gone to a better place
6 traders viewing now