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The7 Trading Method Signals Thread

  • #1
  • First Post: Jan 9, 2013 5:57am Jan 9, 2013 5:57am
This a signals only thread for The7 trading method.

(it is a daily method that can be found in the trading systems forum).

please post your daily signals here on fx pairs as you see them everyday. with a brief explanation of your signals along with chart examples.

this is a signals only thread, for the benefit of all, so that anyone can come in take a look and see what signals are materialising.

any discussion as regards to the trading method itself should be kept in the original thread.


the original thread was being cluttered daily trade discussions. so i thought it is best to start a signals only thread for the benefit of everyone.

so please get involved and keep this thread alive.
  • #2
  • Jan 9, 2013 2:09pm Jan 9, 2013 2:09pm
Well looks like Im first to post but from what I understand of the system I believe the GBP/JPY will be giving a long signal if it holds its position over the next 4 hrs. Im in UK so obviously this will apply to UK traders.
  • #3
  • Jan 9, 2013 2:55pm Jan 9, 2013 2:55pm
Hey Guys,
Have been watching usdcad for couple of days. i had entered the trade and got out just because i was happy with the profit. Now if you look at the yellow arrow on the chart you can see where i entered. Now I maybe looking to go in again but I dont think the r/r is good. But just might jump in again to steal alittle more.
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  • #4
  • Jan 9, 2013 6:27pm Jan 9, 2013 6:27pm
Hello guys,

Three long signals from ibfx au. Weak resistance ahead, so i would be modest with tp.

Good pipping to all, RS
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  • #5
  • Jan 10, 2013 2:42am Jan 10, 2013 2:42am
Just home from work and found both my platforms had lost all their charts ( don't know what happened but internet was off). Anyway have reloaded all charts and the only entry as per the rules I see is GBPJPY Long as mentioned earlier. I personally will not be taking this trade as I am wary of the jap crosses at the moment. Will wait to see what tomorrow brings.
  • #6
  • Jan 10, 2013 8:09am Jan 10, 2013 8:09am
EJ: +150 pipsGJ: +70 pipsAUDNZD: -25 (still in)
  • #7
  • Edited 12:57pm Jan 10, 2013 12:00pm | Edited 12:57pm
eurcad and gbpchf both in profit.

eurnzd was having a nice setup bullish engulfing pattern at fibo level .618. Also at this point made a higher low. Waiting on the close to see if it stays inside the channel.
  • #8
  • Jan 10, 2013 1:40pm Jan 10, 2013 1:40pm
The EurNzd top wick is not so long , apart from fib and Engulfing .
May end up with trade opps @ close but the range is too high around 200 pips. (ibfx)

mixter
  • #9
  • Jan 10, 2013 1:59pm Jan 10, 2013 1:59pm
Quoting mixter
The EurNzd top wick is not so long , apart from fib and Engulfing .
May end up with trade opps @ close but the range is too high around 200 pips. (ibfx)

mixter
was looking at going long with eurnzd. also maybe short with audchf bearish engulfing with lower high at the fibo .382 if it closes inside the channel.
  • #10
  • Jan 10, 2013 2:07pm Jan 10, 2013 2:07pm
Quoting paul821c
was looking at going long with eurnzd. also maybe short with audchf bearish engulfing with lower high at the fibo .382 if it closes inside the channel.
The EurNzd weekly may be a pin set up @ close friday will help the daily, but the audchf weekly is not supportive of daily set up.
And the daily audchf is not per the rule book except the engulf ...
  • #11
  • Jan 10, 2013 2:18pm Jan 10, 2013 2:18pm
Quoting mixter
The EurNzd weekly may be a pin set up @ close friday will help the daily, but the audchf weekly is not supportive of daily set up.
And the daily audchf is not per the rule book except the engulf ...
my bad thought it opened out of channel. Thanks for catching it.
  • #12
  • Jan 10, 2013 3:48pm Jan 10, 2013 3:48pm
i have the following signals for what its worth:

eur/nzd : long

cad/chf : short

gbp/aud : long

make sure the 4hr stochs are lining up in the trade direction before plunging in. and of course do your own analysis first.....


(i have just shorted the eu. to catch any retrace back down.

nothing to do with the7 method.)
  • #13
  • Jan 10, 2013 4:01pm Jan 10, 2013 4:01pm
Quoting whatfx
i have the following signals for what its worth:

eur/nzd : long

cad/chf : short

gbp/aud : long

make sure the 4hr stochs are lining up in the trade direction before plunging in. and of course do your own analysis first.....


(i have just shorted the eu. to catch any retrace back down.

nothing to do with the7 method.)
If gbpaud finishes what they call a white power hammer thats a very good signal ill keep my eye on it as well.
  • #14
  • Jan 10, 2013 11:30pm Jan 10, 2013 11:30pm
you all know i had 13 open positions 3 days ago. cant post them all here. My favorite for the 7 system is:

GBP/CHF-SH--ENTRY-1.48355 stop loss, the high of previous days bar plus either 1.2 pips or just 1 or 2 pips.

1/9/13-cad/jpy-L- 3 lots stop loss under 20 ema on hrly. (*this is a variation on the system with a different stop loss and using hrly candles, and is not recommended. I do this after my real money is made)

I SUGGEST FOR ALL WE PUT, DATE,(time if possible)PRICE,DIRECTION AND STOP LOSS AND TAKE PROFIT PRICE

Watch how long that open transparency lasts.
  • #15
  • Jan 11, 2013 3:45am Jan 11, 2013 3:45am
Quoting whatfx
i have the following signals for what its worth:

Eur/nzd : Long

cad/chf : Short

gbp/aud : Long

make sure the 4hr stochs are lining up in the trade direction before plunging in. And of course do your own analysis first.....


(i have just shorted the eu. To catch any retrace back down.

Nothing to do with the7 method.)


i did not trade any of the above i listed. The spread was so high, it was pointless. There was no way i was giving away 7-12 pips spread to the broker . No chance !
  • #16
  • Jan 11, 2013 6:14am Jan 11, 2013 6:14am
Hi Guys,

Here are my current open positions with The7 strategy.
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  • #17
  • Jan 11, 2013 9:50am Jan 11, 2013 9:50am
Quoting TallCoolOne
Hi Guys,

Here are my current open positions with The7 strategy.

over 90% winners. well done
  • #18
  • Jan 11, 2013 1:56pm Jan 11, 2013 1:56pm
Quoting TallCoolOne
Hi Guys,

Here are my current open positions with The7 strategy.
Cool one,

You seem to have almost all the trades I my self had, or.... thought about and then forgot about. LOL Very nice work! Do you follow the 7 system exactly, or do you use your own system of getting out of a trade, or one of my posted exits? Also that platform is very nice. Which brokerage is it from and is it MT4?


AT SOME POINT WE MIGHT WANT TO THINK ABOUT USING THE trade explorer provided for free to all who have an MT4 PLATFORM. It is a real time live profit/loss platform to show the people on FF what you are really doing. I think it is great for seeing your own draw-downs too so you dont get hurt by any one particular pair or specific week or month. That would be up to What FX since he started this thread. Im not ready for it at this exact second but maybe if we get a few more people here it will be necessary to keep track of wqho is "really" doing what? Just scroll down to the bottom of the front page and you can make one up that everyone can see or in the beginning if youre not comfortable only your buddies or no one can see but make it just for the seven system so we all know that your results arent mixed with something else. I think you can make as many explorer tracking systems as you have mt4 platforms. Sadly some of us might have to set up demo accounts as we might have a live acct with a broker that doesnt offer us MT4.

In fact you can scroll to the bottom right here on this page to trade explorer on the very bottom and set it up in minutes.
  • #19
  • Jan 11, 2013 5:22pm Jan 11, 2013 5:22pm
Hi

I'm using IBFX in the US. My time zone is EST. I'm basically using the original seven strat. I let the profits run and will keep a trade open until i get an opposite signal. I don't take every signal though. I look for good setups and engulfing candles. i'm setting my stop loss to basically the signal candle high for a sell or the low for a buy. I'm using 1% risk for each trade. Also, I'm strictly trading daily TF. Thanks!
  • #20
  • Jan 11, 2013 6:12pm Jan 11, 2013 6:12pm
Quoting Silat50
Cool one,

You seem to have almost all the trades I my self had, or.... thought about and then forgot about. LOL Very nice work! Do you follow the 7 system exactly, or do you use your own system of getting out of a trade, or one of my posted exits? Also that platform is very nice. Which brokerage is it from and is it MT4?


AT SOME POINT WE MIGHT WANT TO THINK ABOUT USING THE trade explorer provided for free to all who have an MT4 PLATFORM. It is a real time live profit/loss platform to show the people on FF what you are really doing....


no problems with you guys posting trade explorer stats.
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