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Simple Forex CobraSystem Thoughts Please?

  • #181
  • Oct 25, 2012 9:47pm Oct 25, 2012 9:47pm
Quoting vahn
can you describe more about your method
The two charts vividly explained what I meant.

Hope that makes sense! Thanks!







Follow me on http://www.forexfactory.com/showthre...42#post6134142
Attached Image(s) (click to enlarge)
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  • #182
  • Oct 26, 2012 1:27am Oct 26, 2012 1:27am
The way I see it this system and similar ones have major flaw.Flaw is usually by the time all the elements line up 80% of the move is done already and you are entering remaining 20% and at that point chance of reversal is great.
Furthermore if PA is trending any decent competent trader can see the trend in clear eyes and enter a trade at the beginning of the trend not almost the end.
That's all I have to say.Reason noone made millions using systems like this is what I just wrote.
In trading, you have to be defensive and aggressive at the same time
  • #183
  • Oct 26, 2012 1:40am Oct 26, 2012 1:40am
The trend is NOT your friend.
  • #184
  • Jan 25, 2014 9:14pm Jan 25, 2014 9:14pm
Patience is the key.
Attached File(s)
File Type: tpl cobratotalapb.tpl   128 KB | 443 downloads
  • #185
  • Jan 25, 2014 9:25pm Jan 25, 2014 9:25pm
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  • #186
  • Mar 28, 2014 10:42am Mar 28, 2014 10:42am
Tpl file not complete Joeyd.
  • #187
  • Mar 28, 2014 5:20pm Mar 28, 2014 5:20pm
this system is awesome

i have gambling by using this system and i win 100k usd in 1hour

sometimes the best way to win is become a gambler...

good system
  • #188
  • Mar 28, 2014 5:33pm Mar 28, 2014 5:33pm
Nice long trade
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  • #189
  • Apr 2, 2014 4:59pm Apr 2, 2014 4:59pm
Quoting Zack2535
Nice long trade {image}
Closed 172.48 +307
  • #190
  • Dec 18, 2023 7:21am Dec 18, 2023 7:21am
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  • #191
  • Dec 19, 2023 6:16am Dec 19, 2023 6:16am
GU, stopped out.

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UJ, stopped out.

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  • #192
  • Last Post: Dec 19, 2023 6:41am Dec 19, 2023 6:41am
The moving averages (even the blue ones) seem to lag behind price quite a lot. Right now there seems to be a new signal forming on GBP/USD but price already on the move while the blue ma's not even crossed the yellow ones.

Attached Image (click to enlarge)
Click to Enlarge Name: Q6X1wEJ.png Size: 39 KB

I guess it's yet another useless system especially if you only looking forward to dedicate trading to only one specific currency pair for a specific time of the day and don't want to use scanners and watch/trade dozens of different markets.
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