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The7 Trading System

  • #841
  • Jan 8, 2013 5:19pm Jan 8, 2013 5:19pm
Quoting whatfx
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 ?
Using IBFX Candle closes 8pm EST
  • #842
  • Edited 2:15am Jan 9, 2013 1:51am | Edited 2:15am
Silat50,Sorry couldn't reply earlier as I am just home from work.I trade two separate live account and the last 2 days have been positive ones.The profitable days cannot solely be attributed to the supply and demand indicator. I shorted GBPCHF purely on your method, and am in profit with it, as I mentioned I sold 4 yen crosses that were getting close to the supply zone shown by the indicator, and were also showing signs of a reversal. I closed all 4 for profits ( could have gotten more, but if I had left them open todays move up would have wiped out those gains).The rest of my trades were based on my own method on shorter timeframes and in conjunction keeping a close eye on the supp/dem indicator. Some winning trades, some losers but finished with green pips.As I stated in an earlier post I have only recently come across the indicator, and I am still learning how best to trade with it. I will say however that I am optomistic about this one, as many other new indicators that I have tried have been junked after a day or two. Will keep everyone posted as I have more time to trade with it and evaluate it's usefulness.gregben
  • #843
  • Jan 9, 2013 5:19am Jan 9, 2013 5:19am
Quoting gregben
Silat50,Sorry couldn't reply earlier as I am just home from work.I trade two separate live account and the last 2 days have been positive ones.The profitable days cannot solely be attributed to the supply and demand indicator. I shorted GBPCHF purely on your method, and am in profit with it, as I mentioned I sold 4 yen crosses that were getting close to the supply zone shown by the indicator, and were also showing signs of a reversal. I closed all 4 for profits ( could have gotten more, but if I had left them open todays move up would have wiped...
Gregben keep me updated with that indie. I'm very interested in it. Good to hear your positive keep it up. See now my account my gbp/chf is negative. Lol go figure!
  • #844
  • Jan 9, 2013 6:16am Jan 9, 2013 6:16am
THE 7 TRADING METHOD SIGNALS THREAD

THE SIGNALS ONLY THREAD IS NOW OPEN IN THE TRADING DISCUSSIONS FORUM


PLEASE GO IN AND POST THE DAILY SIGNALS ON FX PAIRS AS YOU SEE THEM ACCORDING TO THE 7 METHOD.

THIS WILL BENEFIT EVERYONE , AS YOU CAN JUST TAKE A LOOK EVERYDAY AND SEE WHAT SIGNALS ARE MATERIALISING. THIS WILL HELP YOU CUT DOWN A LOT OF TIME AND PREPARE YOU TO GET READY TO TRADE.


SO PLEASE EVERYONE GO IN AND POST CHARTS / SIGNALS EACH DAY, AND KEEP THAT THREAD ALIVE.


THANKS
  • #845
  • Jan 9, 2013 10:34am Jan 9, 2013 10:34am
Quoting whatfx
THE 7 TRADING METHOD SIGNALS THREAD

THE SIGNALS ONLY THREAD IS NOW OPEN IN THE TRADING DISCUSSIONS FORUM


PLEASE GO IN AND POST THE DAILY SIGNALS ON FX PAIRS AS YOU SEE THEM ACCORDING TO THE 7 METHOD.

THIS WILL BENEFIT EVERYONE , AS YOU CAN JUST TAKE A LOOK EVERYDAY AND SEE WHAT SIGNALS ARE MATERIALISING. THIS WILL HELP YOU CUT DOWN A LOT OF TIME AND PREPARE YOU TO GET READY TO TRADE.


SO PLEASE EVERYONE GO IN AND POST CHARTS / SIGNALS EACH DAY, AND KEEP THAT THREAD ALIVE.


THANKS ...
Ok great thanks
  • #846
  • Jan 9, 2013 2:13pm Jan 9, 2013 2:13pm
Hey guys been following this thread for a while now great system, Ive posted what I believe according to the system is about to be a good long signal in the TRADING DISCUSSIONS FORUM (GBP/JPY). Assuming the price holds over the next 4hrs (UK)
  • #847
  • Jan 10, 2013 1:26pm Jan 10, 2013 1:26pm
Thanks to " The7 " for this great simple method of trading.

One for the 9 to 5 ers ..... nice .

mixter
  • #848
  • Jan 10, 2013 4:27pm Jan 10, 2013 4:27pm
To anyone out there:I have been using the Luktom Visual Order Editor (IVOE) as a trade manager for these trades.I like it much better than Hopwood's MPTM simply because I can t figure his out with all the options and inputs on it.The IVOE is much simpler and does exactly what I want which is to take off 1 lot at 30-40 pips, keep the other lot as a runnerwith the original stop in place, but it also has the added feature of moving your TP and SL right on the chart similar to Ninja's Chart trader.Anyway, my question is...since it's an EA, do I have to keep the MT4 open all the time in order for it to manage the trades?I hope not, dont really want to rent a VPS.
  • #849
  • Jan 10, 2013 4:29pm Jan 10, 2013 4:29pm
So how many made a bunch on the Jpy crosses?Looks like I got out a little too early. oh well
  • #850
  • Jan 10, 2013 6:15pm Jan 10, 2013 6:15pm
Quoting prosper1
To anyone out there:I have been using the Luktom Visual Order Editor (IVOE) as a trade manager for these trades.I like it much better than Hopwood's MPTM simply because I can t figure his out with all the options and inputs on it.The IVOE is much simpler and does exactly what I want which is to take off 1 lot at 30-40 pips, keep the other lot as a runnerwith the original stop in place, but it also has the added feature of moving your TP and SL right on the chart similar to Ninja's Chart trader.Anyway, my question is...since it's an EA, do I have...
can you post the ea or where you picked it up. I know in the past my computer was shut off by accident and the ea i was running did work. I guess you got to try it out. Unless any programmers may know.
  • #851
  • Jan 10, 2013 6:41pm Jan 10, 2013 6:41pm
Yes it seems it would still work , but not sure if all the orders go into the broker or not,
such as the close partial , etc.
Here it is, and remember to use an extra zero if you have 5 digit broker
Attached File(s)
File Type: mq4 lvoe 1.6.1.mq4   16 KB | 563 downloads
  • #852
  • Jan 10, 2013 6:44pm Jan 10, 2013 6:44pm
Quoting prosper1
Yes it seems it would still work , but not sure if all the orders go into the broker or not,
such as the close partial , etc.
Here it is, and remember to use an extra zero if you have 5 digit broker
Ok thanks
  • #853
  • Jan 10, 2013 10:01pm Jan 10, 2013 10:01pm
ANOTHER WINNER IN THE MAKING:

The:GBP/CHF trade I gave all of you at 148:35 or better is now at 1:4736. My stop moved to the top of the last bar. Im in profit now no matter what happens. Dont know what some of you are doing futzing around with all knds of entry and exit methods to make this system "better" but Im happy just the way it is. I added 4 subjective other ways to play this system so you all shouldnt be too bored..

I am also in over 100 pips profit on each of my 3 lots on the CAD/JPY long. Remember on this one I use an hourly above the 12ema, to get in. Im only doing it because the JPY is not something I want to go short with,with full risk.. How do I get out? 1 of 2 choices: Either use high of previous bar as in our "7" system or use a break below the 20ema as a stop.

Question for the board:1 What is the biggest danger we have in using this system? 2-What is the best part about this system?

To me the biggest danger is that when we get stopped out when we are clearly on a long or medium term run, we might not be able to get back in.

The best part of the system is once you place your stop, it can only be moved more and more in your favor without all the other nutty moving average corssovers and MACD.Stochastics and over-evaluation most other systems are using.

Danger:Yesterdays daily bar had the highest volume in a long time and it was on almost of all the pairs.The volume has been increasing steadily every day on everything, even if its a small or doji type bar. Not a regular market action,thats for sure. In one way this is good for us as trend traders. But we are being played for suckers as big volume is coming in at the oddest hours. Yesterday at 4-5pm was like 8am action. Are we heading for a climax or is this a black swan event to be remembered for many years? I personally hope that this is for the JPY what the nazdaq was for stockmarket traders....years of profits!

I have been stopped out of most of the positions I showed all of you with healthy profits. My worry is how can I get back in without 2 or 3 losing days in a row and then the trend resuming without break againts the JPY pairs. EUR/USD and GBP/USD is a mess on the charts. I dont want any part of them...not this week or next, anyway.

Is every one else here winning? I hope so,boys.
  • #854
  • Jan 10, 2013 10:35pm Jan 10, 2013 10:35pm
Looking over this AU chart and seeing many potential losing signals. How would you navigate through these?
Would you take every one?
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 14 KB
  • #855
  • Jan 11, 2013 3:42am Jan 11, 2013 3:42am
The7 trading system signals thread

now open in the ''trading discussions'' forum
  • #856
  • Jan 11, 2013 6:08am Jan 11, 2013 6:08am
Quoting prosper1
Looking over this AU chart and seeing many potential losing signals. How would you navigate through these?
Would you take every one?
Prosper1
I use other indies to help with the decision. Fibo, supply demand, stoch. I know it's not part of the system but every system is faulty. My entry is the high or low of the signal candle. I believe you need to be comfortable with your own system but with the 7 signal of a trade as your first indicator. Then with the help of your other indies. Then which pair you think has the best odds for a profitable trade.

I know my statement does not follow the 7's to the letter but it my money no one else's lol
  • #857
  • Jan 11, 2013 8:22am Jan 11, 2013 8:22am
Thanks Paul,Yes that's the hindrance I run into with using other confirmations. I start over anlyzing.I know they help with trend runs, but the beauty of The7 system is that it picks perfect tops and bottomsat times and no indicator can respond that fast except for two I have found...Sup/Dem and divergence on a macd,stoc. etc.
  • #858
  • Jan 11, 2013 9:12am Jan 11, 2013 9:12am
Quoting prosper1
Thanks Paul,Yes that's the hindrance I run into with using other confirmations. I start over anlyzing.I know they help with trend runs, but the beauty of The7 system is that it picks perfect tops and bottomsat times and no indicator can respond that fast except for two I have found...Sup/Dem and divergence on a macd,stoc. etc.
Prosper1 checkout the indie I posted both files go into the indicator folder. Its quick fib has been working very good with the supply and demand indie. I think its very helpful. And yes dont over analyze otherwise you will be banging your head off the wall.
Attached File(s)
File Type: ex4 quick fibs.ex4   6 KB | 675 downloads

Attached File(s)
File Type: mq4 quick fibs.mq4   6 KB | 637 downloads
  • #859
  • Jan 11, 2013 1:21pm Jan 11, 2013 1:21pm
High potential in the methodology.

Brilliant. I haven"t seen anything like this to catch the trend from the origin.

Again thanks to The7.

mixter
  • #860
  • Jan 11, 2013 2:01pm Jan 11, 2013 2:01pm
haven't???

then let me show you a better one:

google the "flying buddha", on this forum too.

when a candle bar is above and not touching 7 MA, you sell. (buy is vice versa)

now, thank me.

the7 is MERELY an entry method. that's it, no less, no more.

Quoting mixter
I haven"t seen anything like this to catch the trend from the origin.

mixter
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