Hello I was reading thru this thread and it seems like it has some good indicators, and set ups. Has anyone had success on the daily charts and scaling in on the lower time frames. Thanks for your reply.
- #1,445
- Jun 19, 2011 10:32am Jun 19, 2011 10:32am
- Joined Jun 2009 | Status: Trader | 1,734 Posts
MY GRID. Markets are NOT random.
- #1,450
- Edited 1:11pm Dec 3, 2012 12:58pm | Edited 1:11pm
Read about half the thread so far and have a good feeling for what the system is all about......bit concerned that the thread died off after what looks to be a solid and encouraging first half...why was that? Why did Tony stop posting?
Just wanted to post screenshots of a trade on a demo account I haven't yet taken because of a question...
That question is: Can the red MA crossing the yellow MA be considered a legitimate signal or does it always have to be the other way round?
Mr P
Edit
----
Trade I'm in on demo on GBP JPY
4 Hour
30 minute
Just wanted to post screenshots of a trade on a demo account I haven't yet taken because of a question...
That question is: Can the red MA crossing the yellow MA be considered a legitimate signal or does it always have to be the other way round?
Mr P
Edit
----
Trade I'm in on demo on GBP JPY
4 Hour
30 minute
- #1,453
- Dec 4, 2012 5:30am Dec 4, 2012 5:30am
I'm going to keep posting in the hope that I can get this thread going again...
All trades I post are demo unless otherwise stated:
I'll keep reading through the thread to see if I can pick up any more tips!
All trades I post are demo unless otherwise stated:
I'll keep reading through the thread to see if I can pick up any more tips!
- #1,454
- Edited 8:19pm Dec 4, 2012 7:58pm | Edited 8:19pm
Right, an indicator that I've found and modified to only show the very essentials we need to help us negotiate a ranging market...
ToR (Trending or Ranging)
Ranging market
Market looking fine on the 4 hour but ranging on the 30 min
All systems go...a trending market
I'm no expert but this does seem to provide additional confirmation of the state of the market. Again discretion is advised of course but it MAY give those struggling with spotting a trending market a helping hand.
Having viewed the video for the thread (http://www.brilesmedia.com/factory) and having just added this indicator I'm starting to feel comfortable trading this. Why this thread died off I'll never know because this system really does help identify what is going on with the market.
Once you've got the idea of how this system uses the 3 bar trailing stop, then this really does help lock in some nice profits. All you have to do is trade the system as described on post 1, its that simple.
NOTE
-----
I HAVE MODIFIED MY MA'S TO 5 AND 18 EXPONENTIAL AND 0 SHIFT RATHER THAN 1 AND 3 SIMPLE ! THIS IS A PERSONAL CHOICE AS I AM USED TO USING THEM AND SEEING HOW PA REACTS AROUND THEM....
If the 5 and 18 cross this is a solid sign of a trend reversal but ONLY if the market is not ranging.
PA WILL EITHER BOUNCE OR BREAK THE 18 MA...BOUNCING INDICATES TREND CONTINUATION....
I read through the whole thread and, no disrespect, the tail end of it is awash with stuff unrelated to the system. I only added the ToR purely as confirmation of what I know but feel happier using as further proof that I'm correct. Even if I have to keep posting charts with no replies in order to breathe life into this thread I will!!!
Lets get the show on the road and follow post 1 people!
I've attached my two templates as well to save you all hassle!
Mr P
ToR (Trending or Ranging)
Ranging market
Market looking fine on the 4 hour but ranging on the 30 min
All systems go...a trending market
I'm no expert but this does seem to provide additional confirmation of the state of the market. Again discretion is advised of course but it MAY give those struggling with spotting a trending market a helping hand.
Having viewed the video for the thread (http://www.brilesmedia.com/factory) and having just added this indicator I'm starting to feel comfortable trading this. Why this thread died off I'll never know because this system really does help identify what is going on with the market.
Once you've got the idea of how this system uses the 3 bar trailing stop, then this really does help lock in some nice profits. All you have to do is trade the system as described on post 1, its that simple.
NOTE
-----
I HAVE MODIFIED MY MA'S TO 5 AND 18 EXPONENTIAL AND 0 SHIFT RATHER THAN 1 AND 3 SIMPLE ! THIS IS A PERSONAL CHOICE AS I AM USED TO USING THEM AND SEEING HOW PA REACTS AROUND THEM....
If the 5 and 18 cross this is a solid sign of a trend reversal but ONLY if the market is not ranging.
PA WILL EITHER BOUNCE OR BREAK THE 18 MA...BOUNCING INDICATES TREND CONTINUATION....
I read through the whole thread and, no disrespect, the tail end of it is awash with stuff unrelated to the system. I only added the ToR purely as confirmation of what I know but feel happier using as further proof that I'm correct. Even if I have to keep posting charts with no replies in order to breathe life into this thread I will!!!
Lets get the show on the road and follow post 1 people!
I've attached my two templates as well to save you all hassle!
Mr P
- #1,455
- Dec 7, 2012 12:48am Dec 7, 2012 12:48am
Right, an indicator that I've found and modified to only show the very essentials we need to help us negotiate a ranging market...
ToR (Trending or Ranging)
Ranging market
Attachment
Market looking fine on the 4 hour but ranging on the 30 min
Attachment
All systems go...a trending market
Attachment
I'm no expert but this does seem to provide additional confirmation of the state of the market. Again discretion is advised of course but it MAY give those struggling with spotting a trending market a...
- #1,459
- Jan 2, 2013 7:52am Jan 2, 2013 7:52am
- | Commercial User | Joined Mar 2008 | 9,072 Posts
Is there anyone trading this system anymore?
Many indicators to confirm the signal = Buy @ the top and Sell @ the bottom..
Inserted Video
Sonic
