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The perfect trading system

  • #1,101
  • Jul 17, 2013 1:29am Jul 17, 2013 1:29am
I have done what you said regarding the 100PPA daytrading method.

I have set TP at the next 100pips line, and SL just above the other 100pips line.

M15 RSI used for entry.


Short GBPAUD and EURAUD.

Long AUDJPY.


Correct?



EDIT: You said to mark lines as every 100pips...You never said round numbers only.

Is that what you meant..? Because I've already entered 3 trades based on what you said, which was split master chart up into 100 pips zones. Nothing about round numbers.
  • #1,102
  • Jul 17, 2013 1:46am Jul 17, 2013 1:46am
I really don't appreciate the fact that you never said use ROUND numbers. Now it has cost me money.

This is a newbie thread, and if you're going to speak loosely, its going to impact people.

Thanks anyway...
  • #1,103
  • Jul 17, 2013 1:47am Jul 17, 2013 1:47am
And you say every 500 pips, yet you Don't say if its 500 pips from the HIGH to the low, or what?

I'm beginning to question whether you should be giving advice...
  • #1,104
  • Jul 17, 2013 1:52am Jul 17, 2013 1:52am
And you say every 500 pips, yet on this chart, you put the BUY AND SELL ZONES NEXT TO EACH OTHER instead of 500 pips away?


http://www.forexfactory.com/attachme...1&d=1365800218


If you're going to give advice to us, why not do it properly, instead of doing it like this?
  • #1,105
  • Edited Jul 18, 2013 5:07am Jul 17, 2013 9:29am | Edited Jul 18, 2013 5:07am
@Tok,

I am going to be patient with you this time around. If you care to know, the following trading strategies on this thread are separate with distinct underlining principles:

a) 50 PPAA
b) 100 PPAA
c) 200 PPAA
d) 500 PPAA
e) 1000 PPAA
f) MPAA

When you asked questions, I referred you to the post on 50PPAA and also explained it. The chart you attached is for 100 PPAA. You cannot apply the principle of one strategy to another strategy. You need to study and understand a strategy before you apply it

Forex strategies/systems are only for those traders who have ability to read, digest. understand and take decision. If you did not understand, it would have been better for you to come back here or send me a private message to seek clarification. In Forex, the bottom line is that you are ultimately responsible for the decisions you make and you cannot go around blaming others anytime you loose money.

If you elect to trade 100 PPAA instead of 50 PPAA I suggested, search for the post, read and ask questions before you apply them.



Quoting Tok
And you say every 500 pips, yet on this chart, you put the BUY AND SELL ZONES NEXT TO EACH OTHER instead of 500 pips away? http://www.forexfactory.com/attachme...1&d=1365800218 If you're going to give advice to us, why not do it properly, instead of doing it like this?
  • #1,106
  • Jul 17, 2013 10:43pm Jul 17, 2013 10:43pm
Quoting Articulate
@Tok, I am going to be patient with you this time around. If you care to know, the following trading strategies on this thread are distinct underlining principles: a) 50 PPAA b) 100 PPAA c) 200 PPAA d) 500 PPAA e) 1000 PPAA f) MPAA When you asked questions, I referred you to post and explained 50 PPAA. The chart you attached is for 100 PPAA. You cannot apply the principle of one strategy for another. You need to study and understand a strategy before you apply it Forex strategies/systems are only for those traders who have ability to read, digest....
I am sorry. I am just so frustrated and depressed at the moment.

I don't know what to do anymore...I am at a loss.

And I have read everything. I still do not understand what you mean, as there are no example trades, ect.
  • #1,107
  • Jul 18, 2013 5:46am Jul 18, 2013 5:46am
@Tok.

I understand your frustration because most traders pass through the same process. Unfortunately, not every trader survives it. As a personal policy I don't give trade calls/signals. I prefer to discuss trading strategies which can be applied with proper understanding. My schedules are very tight but I will see what assistance I can give you. Send me a private message or send a mail to me at [email protected]

Meanwhile, post H4 charts for the currency pairs you trade here, I will analyse them and point out the critical areas to you.


Quoting Tok
{quote} I am sorry. I am just so frustrated and depressed at the moment. I don't know what to do anymore...I am at a loss. And I have read everything. I still do not understand what you mean, as there are no example trades, ect.
  • #1,108
  • Jul 26, 2013 6:42am Jul 26, 2013 6:42am
Quoting Articulate
Concentrate on round figures for your Masterchart Levels and ignore false breakouts. Depending on the currency pair, false breakouts could be as much as 100-300 pips. Major decisions are taken by the "Big Players" around round figures. Study as many weekly charts as you can and observe how the weekly candles behave around these levels. If you are looking for solid support/resistance, the weekly candle is the secret. {quote}
Hi Mr. Articulate,
Greetings from me. You mentioned your weekly trading where weekly pin (concrete zone) around 200-250 pips or more.So when the price reaches this zone you active for proposed trading.That's fine but my question is that (according your idea we follow weekly candle as it is most clue of trend direction ) if weekly candle is bullish and price reach top pin so short trade we do if yes it is counter trade is not it? If so how we follow the weekly trade?
Can you send me some lines for me if so i shall be very grateful to you.

Regards.
Happy trading all.
  • #1,109
  • Jul 26, 2013 7:48am Jul 26, 2013 7:48am
Personally, I think it's best to diversify your trades on different pairs. Look for a trend on weekly / daily timeframe and trade the retracements on H1.
Right now I have 196 open positions on 20 pairs with a floating profit of +10,000 pips....

Just my 2 cents.
  • #1,110
  • Jul 27, 2013 5:44am Jul 27, 2013 5:44am
There is nothing perfect or 100% fool proof system but we can sure develop the trading system which can bring us consistent result.
  • #1,111
  • Jul 27, 2013 9:58am Jul 27, 2013 9:58am
You can see from the analysis for the Yen pairs that there is a pattern in price movement. Concentrate on Masterchart levels, 1000 & 500 pips price movement and the weekly candles and you will achieve more real success as a trader. For the smart traders, there are enough tips in the sentence highlighted in red colour to make their trading life a lot easier.




Articulate what you are actually saying here is concentrate on the 1000&500 PPAA and the weekly candles and success will come.
Obviously in your own head you know exactly what you are doing along with the smart traders.


But what about the not so smart traders I include myself in this group, it seems like you are missing something out intentionally or unintentionally I do not know, but by doing this makes it near impossible to know when to buy or sell.
You do not talk about pullbacks to certain areas after a trend has started to a 62ema on a lower timeframe say 1hr for example or trendline bounces or anything else that may be relevant to a person trading.


Why do you not give an example to help the not so smart trader to grasp what your systems are all about.
  • #1,112
  • Jul 28, 2013 8:17am Jul 28, 2013 8:17am
Quoting don555
You can see from the analysis for the Yen pairs that there is a pattern in price movement. Concentrate on Masterchart levels, 1000 & 500 pips price movement and the weekly candles and you will achieve more real success as a trader. For the smart traders, there are enough tips in the sentence highlighted in red colour to make their trading life a lot easier. Articulate what you are actually saying here is concentrate on the 1000&500 PPAA and the weekly candles and success will come. Obviously in your own head you know exactly what you are doing along...
Hi don556,
Thanks that's sound better.I am not so smart man, i am just learning, need some answer.The chart show ( master chart) what i ask to articulate.

Again thanks best regards.
Attached Image (click to enlarge)
Click to Enlarge Name: New-Picture.gif Size: 119 KB
  • #1,113
  • Edited 7:26pm Jul 30, 2013 6:06am | Edited 7:26pm
From now on I will be concentrating my entries on M N W U Vup Vdown after a trend has started along with the RSI set at 2 for confirmation of shapes only but disregarding a lot of overbought or oversold levels as I believe most of the indicators only confuse a trader.
The charts will be weekly for trend and daily for entry on pullbacks hopefully more winning trades by adopting those measures.

Articulate why are there not more traders posting their entries on this thread?
Is it because they just do not get the systems ?
  • #1,114
  • Jul 31, 2013 3:32am Jul 31, 2013 3:32am
@Ariful Mamun

I have Mastercharts for quite a few currency pairs on this thread. The Mastercharts can basically guide your trading for 10, 20 years or more. All the levels in the Mastercharts on this thread are valid as at the time of writing. Search for the charts for pairs you trade and replicate these levels. Once you have your Masterchart in place, post your chart here and I will show you how to use the Weekly PA to determine the top and the bottom of price circles.

I am a very busy person and I do not have the time to post every now and then. This is the reasons I prefer to explain strategy that could serve for weeks. . For example if you look at the currently weekly chart for GBPJPY, the pair as been trading between 147 and 154 for the past 8 weeks. If you understand this sort of analysis, you can use price action to your advantage.

Post a weekly chart here, and I will take you through a step by step analysis of how to use the Weekly PA to determine the top and the bottom of price circles.

Enjoy your day!


Quoting Ariful Mamun
{quote} Hi Mr. Articulate, Greetings from me. You mentioned your weekly trading where weekly pin (concrete zone) around 200-250 pips or more.So when the price reaches this zone you active for proposed trading.That's fine but my question is that (according your idea we follow weekly candle as it is most clue of trend direction ) if weekly candle is bullish and price reach top pin so short trade we do if yes it is counter trade is not it? If so how we follow the weekly trade? Can you send me some lines for me if so i shall be very grateful to you....
  • #1,115
  • Jul 31, 2013 3:48am Jul 31, 2013 3:48am
@don55,

I have explained so many trading techniques here that I feel that it was not necessary to keep repeating myself if people bother to read carefully through the thread. I don't give trade calls because it encourage laziness and most traders don't understand the validity of such call. I have had instances where somebody waited for about 3 weeks to challenge my call.

If you have specific questions, ask and I will try to provide answers to the best of my abilities.


Quoting don555
You can see from the analysis for the Yen pairs that there is a pattern in price movement. Concentrate on Masterchart levels, 1000 & 500 pips price movement and the weekly candles and you will achieve more real success as a trader. For the smart traders, there are enough tips in the sentence highlighted in red colour to make their trading life a lot easier. Articulate what you are actually saying here is concentrate on the 1000&500 PPAA and the weekly candles and success will come. Obviously in your own head you know exactly what you are doing along...
  • #1,116
  • Jul 31, 2013 3:49am Jul 31, 2013 3:49am
Most traders don't have the patience to follow my strategy!

Quoting don555
From now on I will be concentrating my entries on M N W U Vup Vdown after a trend has started along with the RSI set at 2 for confirmation of shapes only but disregarding a lot of overbought or oversold levels as I believe most of the indicators only confuse a trader. The charts will be weekly for trend and daily for entry on pullbacks hopefully more winning trades by adopting those measures. Articulate why are there not more traders posting their entries on this thread? Is it because they just do not get the systems ?
  • #1,117
  • Jul 31, 2013 3:51am Jul 31, 2013 3:51am
Your chart is okay. Post a weekly and H4 charts and I will analyse them.


Quoting Ariful Mamun
{quote} Hi don556, Thanks that's sound better.I am not so smart man, i am just learning, need some answer.The chart show ( master chart) what i ask to articulate. Again thanks best regards. {image}
  • #1,118
  • Jul 31, 2013 4:45am Jul 31, 2013 4:45am
Quoting Articulate
Your chart is okay. Post a weekly and H4 charts and I will analyse them. {quote}
Thanks Articulate,
This is weekly G/J and H4 chart for 1000 PPA .I do not do know exactly if I have catch yet your idea ....
Regards.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: H4.gif Size: 71 KB
  • #1,119
  • Aug 5, 2013 8:31am Aug 5, 2013 8:31am
this is e/j weekly chart for 1000PPA
and h4 too.
May be right or wrong Mr Articulate just knows it........
Attached Image(s) (click to enlarge)
Click to Enlarge Name: New Picture (3).jpg Size: 135 KB
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  • #1,120
  • Aug 5, 2013 9:15am Aug 5, 2013 9:15am
UNDERSTANDING 1000 PPAA

Quoting Ariful Mamun
{quote} Thanks Articulate, This is weekly G/J and H4 chart for 1000 PPA .I do not do know exactly if I have catch yet your idea .... Regards. {image} {image}
@Ariful Mamun your interpretation of 1000 PPAA is excellent. I am also happy that you clearly identified the 50% retrace point. However, you need to understand that 1000 PPAA is a different strategy on its own. It is purely based on Price Action (PA). It is also different from other trading strategies such as MPPA, 500 PPAA, 200 PPAA, 100 PPAA, 50 PPAA, etc. The problem with most traders here is that they combine these strategies without actually understanding them. To achieve success it is critical to first understand a strategy and stick to it. I highlighted this portion in red to emphasise the mistakes by most trader.

Now that you got the interpretation of 1000 PPAA right, the next question is "How do you trade this set-up? To answer this question I have reproduced my post of 1000 PPAA here. I have also inserted additional explanation in red colour on the original post. I have adopted this step-by-step to clear some of the misunderstanding I have seen here.

Let us no analyse the original post


Benefiting from the greed of “big boys” - 1000 pips trade set-ups

What I will share with you today is how to benefit from the greed of the “big boys” using the 1000 pips trade set-up. As I mentioned in my postings on the Mastercharts that the major resistance/support for GBPUSD and GBPJPY are encountered after every 1000 pips price movement. After every 1000 pips movement for these pairs, expect a pull back. A circle for GBPJPY is divided into two parts of 500 pips each, while that of the GBPUSD varies. In a generous trading environment, the GBPJPY could complete this circle within 2-3 weeks and between 4-8 weeks in most times. GBPUSD takes between 6-12 weeks to complete this circle as a result of its numerous pullbacks. This portion is simply to reemphasize my earlier explanation on Masterchart. It is not critical to trading 1000 PPAA.



The “big boys” are greedy and they don’t let go until they get between 900-1000 pips even when there is no justification for such price movements. That is why you see 300 pips wicks on weekly candles. How do you benefit from their greed? This predictable circle of 1000 pips price movement gives a very useful signal that a medium/long term trader could utilise to trade this circle successful over and over again. You cannot predict his circles, but the weekly chart provides very useful and insightful signals. This part is a background information on what 1000 PPAA is all about.

To trade these circles, this is what to do:


This is where you should pay attention:

a) Wait for a weekly candle to print a new high or low (You have already done this)
b) Draw a horizontal line or circle at the lowest or highest point i.e. the wick of the candle. (You have already done this too)
c) From the lowest or highest price on the weekly charts calculate 1000 pips and put a draw a box to identify the likely target areas. (You have already done this too)
d) If price has not moved far from these points (less than 100 pips) you can enter the trade if you are ready to wait for some few weeks. (This is how to enter trades going the direction of clear trends H4 candles using M15 candles for your entry. You will see multiple opportunities entries on H4 usually shown by sharp turns and several pins on H4 charts)
e) If the price has moved far (300-400 pip) it is better to place a pending order at the point where the reversal is expected (900-1000).
f) Follow the ride and jump off if you make some sizeable pips (This is your decision to make).



I have adopted this step-by-step because you've shown genuine efforts to understand the strategy. Where a trader has not shown efforts, I simply refer them to my previous posts or ignore them because I am not ready to spoon-feed anybody by repeating myself over and over again. Study this post and post your questions/comments.

I attach your H4 chart with my comments on entry areas.
Attached Image (click to enlarge)
Click to Enlarge Name: 1000 PPAA - M15 new.jpg Size: 152 KB
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