The7 Trading System

Guys I will look more into setting up webex for this week. Silat50 likes gbp/chf short. But in meantime setup a account with webex. Then pm silat50 with your user names and we can go from there. Sorry for confusion.
Paul

Yes I've found the easiest way to do a meeting with WebEx is to gather our email addresses and send an invitation link

Silat50,
Am monitoring 20+ pairs and entered my first trade of this sytem today. Entered short GBPCHF with a small position to test the water.
My question is, I looked at a 4 hr chart of the system and it was showing a buy signal. Would this alert you to wait a little longer before entering to get confirmation, or have I done the correct thing by only adhering to the daily chart?
gregben

ok guys around about that time anything looking good?
paul

Hi Paul,Not much action on the forum. Is meeting going ahead?Entered short GBPCHF yesterday, slightly ahead.To-days setups were EU long, GU long, ECad long,GCad (close to setup, maybe not into band enough),UChf short ( maybe not valid because previous bar did not open outside the band).What have you seen?greg

PM silat your email so we can get it going.
usd/jpy and cad/jpy both evening stars but touching both bands.
i kinda like eur/cad long
some other ones but r/r not worth it.
I was sitting on usd/cad for long has not hit my entry so i just might forgo it. was going long with it.

Paul,Sent email yesterday.gregben

Ok also I think u need to setup account with webex too

Paul,Yes I set up a 14 day trial.gregben

ok cool. hows the testing going with that indicator?

Paul,Still not enough time to properly evaluate merit on daily time frame, although does work well on shorter ones.A few of the Yen crosses are near supply zones (resistance levels) so it will be interesting to see if they reverse price.

No Greg, why make it more complicated than it is. Maybe sometimes I will look at a weekly to see if we are at rez. If you look at enough time frames, your bound to find conflict. This is a simple system. If you like to do that, thats fine. But then you are doing a different system. Right?

As long as we are getting on a different topic, look at this trade I took because of the hourly set-up and then look at i6t now on a daily, its the perfect r/r and that doji like top once again. Why am I doing it on a 60m when I told you it doesnt work on that time frame, because if you put a 20 moving average on that hourly chart, it sits on top of exactly the right bar that is holding all resistance together. I wont take this trade off until it breaks the 20ema, not included here. This wil bet you killed in most cases, but look at it on the daily too. THATS OUR SYSTEM

Also news is out at 3am on the CHF and I want small losses and huge gains on news so that alone moved me to the hrly. If I get head faked, hey....take my money. Look like the smart money is acting now wioth a drop out of the base. Im short at: 96718 just maybe 20 min ago. I will try not to post these off topic charts but this was such a beauty. I mean,, you could take it on the daily or the hourly. gotta love it. I will trail down the 20 for days if it lets me. Actually thats if the news lets me.

Also, play what you see, not what you think.

#2-Expect some retracement on all the JPY pairs but I d be shocked as hell if this was a reversal instead of maybe a .382 correction. I doubt we will even see that much. But I will continue to use this system and take its signals. I am not smarter than the market and greg.....the 4 hour chart is not smarter than the daily.

And sure you could get in now on either the hourly or the daily, but pick one and stay withy it. The hourly you will have to come back and reset the stop every 2 or 3 hours or so. What I do is once 20ma IS AT BREAKEVEN OF BETTER i JUST LOOK AT IT WHEN i FEEL LIKE IT.Then I dont care

Also guys, I may at any time be pulled away for several days at a time. I wont disappear. But as you all saw, I had so many positions opne, almost all in profit, Im starting to have my eyeballs cross! ha! So I may chill out a bit. Also I dont know if my keyboard is messed up or Im drinking waaaaay to much coffee but I dont like all these cap sentences Im using. My apologies. Too many of them. Lets make some money tonight boys!

I hope I posted the right chart. Snagit or whatever program in FF is using doesnt let me preview my charts. Why?

Anyway, does thias chart look anything like the last chart I posted. Yet its identical pretty much. This is why I developed a system for having 2 or 3 different platforms showing me the same chart. Looks like 3 different apirs sometimes. Really gives you a perspective from 3 different angles.

Got 2 lots in these and a few others

For greg and Paul,

If it is you 2 guys who are playing with a supply and demand system, check this thread out I had joined but never had a chance to really research it. Looks very much like what you guys are into. Let me know privately what you think so it doesnt distract everyone here. just PM me on this. all of you are welcome to look at it. I just am involved in too many things now.

http://www.forexfactory.com/showthread.php?t=356696

funny, i dont have either of these signals on my alpari daily charts.

on my chart, the audjpy pair should give a sell signal at the end of today.

which broker are you using ?

Guys, I am adding to my GBP/CHF position now as there is only a 20 pip stop loss. What advantage is there to wait until the japanese session? Either it will close up most of the 20 pips and its never worth adding without at least 20 pips to protect you.

Also, whether adding a second position or just opening one up....why not do it before the close...if you think you are getting in at a better price than it will be after the first hour or two as thew first hour the spreads are terrible. Im short at 1.48355 for my add on. How can I ever get better than that. I probably will lose with only 20 pips protecting me. But I bet you Im getting 10 or 15-1 on my money. All day long!!!!!

Tip: I dont care if your position is moving against you in this system, it just gives you reason to add. But that's if you are not in losses. Remember an object in motion tends to stay in motion.

I also might try one of the JPY pairs as those are the only ones that are giving off signals. Just a tiny taste.

To the gentleman who wanted to know about brokers. I personally use FXCM but I think its Paul and gregs charts you are asking about,yes? Im curious myself how they do. In fact greg, how HAVE you been doing the last 2 days? Are you in demo or live mode with those new charts?

THE JAPANESE GAMBLE:

If we are going to do an asinine thing like go against the BOJ and just use charts like we are supposed to, why not take a pair that has a doji as either the current bar or as many of em have, the previous bar as the previous bar proves its already tired. The you have a good reason other than blindly following a system. And we just need this japanese president to take a rest for a few datys and we might see 3 or 4 huge bars in our favor before resuming. Otherwise its a small loss.

And dont be cheap guys and not take the whole bar, not put your stop at the top of the previous bar. I know some of you. Dont chince on this.

Been watching yen good luck