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The perfect trading system

  • #741
  • Oct 4, 2012 6:54am Oct 4, 2012 6:54am
Thanks for feedback. I' ll see threads. Could you tell about your experience and stumbling-blocks? Thanks in advance. Have a Great trading.
  • #742
  • Oct 4, 2012 7:51am Oct 4, 2012 7:51am
Quoting candle779
Thanks for feedback. I' ll see threads. Could you tell about your experience and stumbling-blocks? Thanks in advance. Have a Great trading.
I have a lot of experience, most of my long life. For example an elderly man once showed me a hand drawn Ichimoku chart, some time before home computers even existed. That was one of my earliest experiences which was significant. The biggest stumbling block for any trader or fund manager is money management. Physically and psychologically.
Gone to a better place
  • #743
  • Oct 4, 2012 8:53am Oct 4, 2012 8:53am
Quoting smikester
I have a lot of experience, most of my long life. For example an elderly man once showed me a hand drawn Ichimoku chart, some time before home computers even existed. That was one of my earliest experiences which was significant. The biggest stumbling block for any trader or fund manager is money management. Physically and psychologically.
well said

Olu
If you think you can or cannot do it you are correct
  • #744
  • Oct 5, 2012 1:21pm Oct 5, 2012 1:21pm
When I posted the comment you referred to the pin of the weekly candle which completed 1000 pips bearish move was exactly at 1.3168. From that pin price pulled back by 380 pips to 1.2800 over the next 14 days. This sort of analysis is only possible if you have superior understanding of the market.

If you don't understand a principle it is better to seek clarifications. You cannot come back almost three (3) weeks after my comments to conclude that I am effectively bearish to 1.2. It is only clueless and ignorant traders that make such assumptions. See the Masterchart for EURUSD and observe how the weekly candles behave around the major levels.

My trading principle is simple follow the direction of 1 weekly candle at a time while using the Masterchart levels as a guide and you will never miss your way. If you want to understand 1000 PPAA, search for my post on the subject and read it. Read my views on the weekly candle pins and drawing "lines in the sand" to understand my mindset.



So, effectively, you are bearish Eur/Usd from 1.3 down to 1.2 for the month of September?[/quote]
  • #745
  • Oct 8, 2012 9:18pm Oct 8, 2012 9:18pm
AUDUSD, i close my 2 position 1.0167 on monday ( i sell 1.0400 and 1.0370)
now i wait if the price pullback 1.0270- 10350, to sell again, always comfim h4 candle and daily candle.i still think about audusd can touch 1.0400 again or not, or broken that zona.
GBPUSD, For short time touch my tp 1.6050, i sell at 1.6150(just 100pip, my target for short term, for long term i still wait until price touch 1.5800 or 1.5300.
God Bless you all
  • #746
  • Edited Oct 10, 2012 3:12am Oct 9, 2012 1:03pm | Edited Oct 10, 2012 3:12am
As most of you must have observed, the Masterchart and 1000 PPAA has been a realiable guide for trading in the long-run. When a system is good what do you? You simply continue to look for ways to improve it. What I will be sharing with you over the next few days is two other ways of trading the 1000 PPAA in the short to medium term through 100 PPAA and 500 PPAA. The principles for this analysis are the same for 50 PPAA. These are the steps to take:

1. For 100 PPPA divide your Mastercharrt levels into 100 pips levels each using round figures e.g for GBPUSD the levels will be at 1.5300, 1.5400,1.5500, etc. It is crucial because price movement respect 100 pips circles.

2 For 500 PPPA divide your Mastercharrt levels into two equal parts of 500 pips levels each using round figures e.g for GBPUSD the levels will be at 1.5300, 1.5800,1.6300, etc.

3. The third step is to watch how the H4, daily and weekly candles behave around these levels for better understanding of clear trends within 1000 pips price movements.


I attach the current monthly and weekly GBPUSD charts for the 100 PPAA for now. I will attach the chart for 500 PPAA later. Replicate this levels of your charts for other major pairs and see price action in a new light. It is better to have different separate charts for these PAAs to avoid congestion and confusion. As usual, use weekly pins to know reliable resistance/supports. Can you see clearly the average pips size of a monthly and weeky candle?

The best way to look at the market is to always look at the bigger picture.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 100 ppaa - monthly gbpusd.gif Size: 18 KB
Click to Enlarge Name: 100 ppaa - weekly gbpusd.gif Size: 18 KB
  • #747
  • Edited 10:49am Oct 10, 2012 10:39am | Edited 10:49am
Here are the charts for the 500 PPAA. 500 PPAA, it is important for H4 candles to break out of horizontal red lines at side of the Masterchart level to confirm continuation of the trend to above 500 pips or reversal after 500 pips movement. The aim is to ensure a better understanding of clear trends within 1000 pips price movements.

Quoting Articulate
As most of you must have observed, the Masterchart and 1000 PPAA has been a realiable guide for trading in the long-run.
2 For 500 PPPA divide your Mastercharrt levels into two equal parts of 500 pips levels each using round figures e.g for GBPUSD the levels will be at 1.5300, 1.5800,1.6300, etc.

3. The third step is to watch how the H4, daily and weekly candles behave around these levels for better understanding of clear trends within 1000 pips price movements.

The best way to look at the market is to always look at the bigger picture.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 500 ppaa - monthly.gif Size: 17 KB
Click to Enlarge Name: 500 ppaa - weekly.gif Size: 20 KB
Click to Enlarge Name: 500 ppaa - daily.gif Size: 19 KB
Click to Enlarge Name: 500 ppaa - h4.gif Size: 15 KB
  • #748
  • Oct 12, 2012 3:19am Oct 12, 2012 3:19am
Quoting Articulate
Here are the charts for the 500 PPAA. 500 PPAA, it is important for H4 candles to break out of horizontal red lines at side of the Masterchart level to confirm continuation of the trend to above 500 pips or reversal after 500 pips movement. The aim is to ensure a better understanding of clear trends within 1000 pips price movements.
articulate, nice to see your posting. 1000PAA,500PAA, 100PAA AND 50PAA, I AM AGREE WITH YOU, we must make different chart for gbpusd and others pair's.
gbpusd will touch 1.6150 or not , next week we will see, always look h4candle for reverse. May God Bless You all
  • #749
  • Oct 12, 2012 10:17am Oct 12, 2012 10:17am
Hi, there. I'm rookie here but want to open the new thread with forecast,but couldn't that needed some vouchers. But I don't sure what is this and how can I receive it? Could anybody help with it?
  • #750
  • Oct 12, 2012 12:28pm Oct 12, 2012 12:28pm
Quoting candle779
Hi, there. I'm rookie here but want to open the new thread with forecast,but couldn't that needed some vouchers. But I don't sure what is this and how can I receive it? Could anybody help with it?
http://www.forexfactory.com/userguide.php#wvs_obtain

Look under... Wisdom Vouching System
Ghost Rider - WWTBMD?
  • #751
  • Oct 16, 2012 5:05am Oct 16, 2012 5:05am
Quoting Praveensuri
If you have never traded before there are plenty of mistakes you can make
The first one is thinking that is easy. Nothing can be farther from the truth
Second, taking large positions. It is always advisable to trade the smallest quantity possible of any instrument till you can prove to yourself that your method works and you are consistently profitable

Third ..listening to others. While it is always good to imbibe the best that many people have to offer, it is always useful to be self reliant and develop yur own plan and method. This comes...
Thank you very much..
Also can you take a look at forex-metal.com...if it's not too much to ask.
I want to know I started ok with them.

Thank you
  • #752
  • Oct 18, 2012 2:35pm Oct 18, 2012 2:35pm
Attached Image (click to enlarge)
Click to Enlarge Name: Oct 18 2012 GBP JPY 4 hr 2 54 pm Eastern.png Size: 59 KB



Hello Articulate,

I have attached a 4 hr chart of GBP/JPY. I would like to know if this pair would go up past 128.19.in the next few days

Thank you.
  • #753
  • Oct 18, 2012 8:04pm Oct 18, 2012 8:04pm
hello, Rafiki. how are you, i am not trading gbpjpy, i have position sell in gbpusd. in my analisys ,it's good if we sell when the price 127.50-128.18.JBU
  • #754
  • Oct 18, 2012 9:29pm Oct 18, 2012 9:29pm
Mr Chia,

Thank you for your comments to my question, I believe you may be right, lets wait and see.
  • #755
  • Oct 19, 2012 8:19am Oct 19, 2012 8:19am
I was taken from this thread . I have read several posts and definitely finish reading.
I ask if it can be to use EMA especially on TF weekly and Monthly
  • #756
  • Oct 19, 2012 9:56am Oct 19, 2012 9:56am
Quoting caravan
I was taken from this thread . I have read several posts and definitely finish reading.
I ask if it can be to use EMA especially on TF weekly and Monthly
i ever use ema, example ema 5 for tf weekly and etc. too many indicator make me confuse, so i delete my ema's. i still hold my sell long term 1.6300, 1.6250 and 1.6230 and med term 1.6100 and 1.6150.JESUS BLESS YOU ALL
  • #757
  • Oct 19, 2012 1:01pm Oct 19, 2012 1:01pm
Mr Chia,

How long do you normally hold your your long term positions?

When you entered this trades did you use the weekly or the monthly chart?

Thank you.
  • #758
  • Oct 20, 2012 1:13am Oct 20, 2012 1:13am
Quoting Rafiki
Mr Chia,

How long do you normally hold your your long term positions?

When you entered this trades did you use the weekly or the monthly chart?

Thank you.
LONG TERM its depend, 3 week until 2 month, its depend my target, for gbp usd, i will close 1.5800 or 1.5300 it depend market.
rafiki, i think better that you make several chart for gbpjpy,only one chart sometimes make you confuse,make masterchart ,1000pips, 500pip, 200 or 250pip, 50pip,now i add my chart 20pip, for 20pips i try to entry with small risk. truly i am confuse when i looking your chart,
sometimes monthly chart, for me weekly chart,daily chart is very important,
analisys about gbpjpy, one daily candle reverse(thursday candle) its the sign for sell, or look 8 h4 candle, if 8th candle still up, wait for sell(50pips chart is use for here).i think sell under 1.2750 it's ok,or wait until rsi h1 touch 60. I am not the best one, but i try to share and help others trader. sorry my english not so good JBU
  • #759
  • Oct 21, 2012 11:14am Oct 21, 2012 11:14am
LONG TERM its depend, 3 week until 2 month, its depend my target, for gbp usd, i will close 1.5800 or 1.5300 it depend market.
rafiki, i think better that you make several chart for gbpjpy,only one chart sometimes make you confuse,make masterchart ,1000pips, 500pip, 200 or 250pip, 50pip,now i add my chart 20pip, for 20pips i try to entry with small risk. truly i am confuse when i looking your chart,
sometimes monthly chart, for me weekly chart,daily chart is very important,
analisys about gbpjpy, one daily candle reverse(thursday candle) its the sign for sell, or look 8 h4 candle, if 8th candle still up, wait for sell(50pips chart is use for here).i think sell under 1.2750 it's ok,or wait until rsi h1 touch 60. I am not the best one, but i try to share and help others trader. sorry my english not so good JBU

Mr Chia,

Thank you very much to your response to my questions. Dont apologise for your English, you make yourself understood, more importantly you take the
initiative to help traders asking questions and your answers are pretty precise.

You are now becoming an expert, good for you. I am currently short from 127.90 so am in profit.

Are you in a AUD/USD trade?
  • #760
  • Oct 21, 2012 8:28pm Oct 21, 2012 8:28pm
Mr Chia,

Thank you very much to your response to my questions. Dont apologise for your English, you make yourself understood, more importantly you take the
initiative to help traders asking questions and your answers are pretty precise.

You are now becoming an expert, good for you. I am currently short from 127.90 so am in profit.

Are you in a AUD/USD trade?[/quote]

good position 127.90(GBPJPY)
Yes, i trading AUDUSD, i sell 1.0350 since 11/9 , and 17/10 sell 1.0370, JBU
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