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The7 Trading System

  • #241
  • Oct 8, 2012 4:23am Oct 8, 2012 4:23am
Closed out my G/J trade for +110.

My rationale is that whilst a clear entry using The7's entry method, it was against the longer term prevailing trend, PA was stalling at previous S/R.
Getting there, slowly but surely...
  • #242
  • Oct 8, 2012 4:33am Oct 8, 2012 4:33am
Quoting crazzzzzy
What did you trade on EJ? Can you please post a screenshot?

And can we make it a rule here to post the info about trades with screenshots to make it clear to everyone? (just a suggestion)


Happy Trading
There u go mate.
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  • #243
  • Oct 8, 2012 4:43am Oct 8, 2012 4:43am
Quoting TradingDrunk
There u go mate.
Nice entry, your broker must be in a different time zone to mine. (CET time, 2hrs in front of London), Friday's candle on my platform closed at 102.54, therefore outside the EMA channel, no entry.

I suspect the converse will happen at other times, where I get entries that you don't, I can't see it will make much difference in the long run.

Cheers
Getting there, slowly but surely...
  • #244
  • Oct 8, 2012 6:34am Oct 8, 2012 6:34am
Thank you for the screenshot. Looks great.
  • #245
  • Oct 8, 2012 6:45am Oct 8, 2012 6:45am
Hi guys.

I just found your thread the7. Looks like we have a couple of good entries for tomorrow. What dou you think?
Attached Image(s) (click to enlarge)
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Always try just one more time...
  • #246
  • Oct 8, 2012 6:57am Oct 8, 2012 6:57am
Hi TradingDrunk, Can i know the name of your broker?
thanks
NEVER go against the Daily trend
  • #247
  • Oct 8, 2012 6:58am Oct 8, 2012 6:58am
Hello friends

EU seems to be about to give a buy signal end of this hourly candle in about 3 mins

Opened outside below EMA and is currently likely to close inside

Cheers

DD
  • #248
  • Oct 8, 2012 7:16am Oct 8, 2012 7:16am
Quoting Dildubai
Hello friends

EU seems to be about to give a buy signal end of this hourly candle in about 3 mins

Opened outside below EMA and is currently likely to close inside

Cheers

DD


5 candles before, the same thing happened, but it didnt respect the ema.
I have entered the trade though, and its +8 right now.


I also longed EJ (looking at the H1)
'To get something you never had, you have to do something you never did.'
  • #249
  • Oct 8, 2012 7:33am Oct 8, 2012 7:33am
Quoting crazzzzzy
I also longed EJ (looking at the H1)
I don't trade this on hourly, but I agree this looks like a good place for a long, it's oversold on the H1 and bouncing off some MA's, but only as a short termer. On the daily, PA is sitting below the 200EMA and unless it pulls back from the current sell off quickly, is set to make a lower high, likley forcing it further downwards.
Getting there, slowly but surely...
  • #250
  • Oct 8, 2012 8:12am Oct 8, 2012 8:12am
Looks like possible sell bars on EJ and EN, but got 11 more hrs for me.
  • #251
  • Oct 8, 2012 8:33am Oct 8, 2012 8:33am
Quoting crazzzzzy
5 candles before, the same thing happened, but it didnt respect the ema.
I have entered the trade though, and its +8 right now.


I also longed EJ (looking at the H1)
I went in at 1.2956 and closed it at 1.2971. +15 pips. With US closed no point waiting for any big moves until tomorrow.

Might get whipped about in the choppy illiquid market tonite

Cheers

DD
  • #252
  • Oct 8, 2012 8:47am Oct 8, 2012 8:47am
Quoting mario777
xlitang , kindly please share your rules with the TMA? Thanks!
When TMA >=0.4 BuyOnly. TMA <=-0.4 SellOnly.
Follow me to the Promised Land
  • #253
  • Oct 8, 2012 8:52am Oct 8, 2012 8:52am
Quoting shaikjun
Hi TradingDrunk, Can i know the name of your broker?
thanks
Oanda Europe
  • #254
  • Oct 8, 2012 8:55am Oct 8, 2012 8:55am
Thanks buddy
Quoting TradingDrunk
Oanda Europe
NEVER go against the Daily trend
  • #255
  • Oct 8, 2012 9:03am Oct 8, 2012 9:03am
hi traders, i think for this night are a few trading opportunities

cheers
  • #256
  • Oct 8, 2012 9:18am Oct 8, 2012 9:18am
Quoting xlitang
When TMA >=0.4 BuyOnly. TMA <=-0.4 SellOnly.
on H4 right?
  • #257
  • Oct 8, 2012 9:40am Oct 8, 2012 9:40am
Yes.
Follow me to the Promised Land
  • #258
  • Oct 8, 2012 9:45am Oct 8, 2012 9:45am
Quoting hullas
on H4 right?
on 4hr e/u long
  • #259
  • Oct 8, 2012 9:47am Oct 8, 2012 9:47am
-))my first trade on this beautiful and simple system, and today a have +140 pips in my acount-)))
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  • #260
  • Oct 8, 2012 10:02am Oct 8, 2012 10:02am
Quoting shum
-))my first trade on this beautiful and simple system, and today a have +140 pips in my acount-)))
Nice one, I took this too, but bottled it when the price stalled at 125.75, to close at +110. (Driven by the old fear and greed having had a 75 pip loss on my first trade with this strategy) Had I not closed out and stuck to just trading on closed daily candles, I'd currently be up 175.
Getting there, slowly but surely...
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