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  • #7,261
  • Jun 1, 2014 7:39pm Jun 1, 2014 7:39pm
Quoting jbozman
SRT...I cannot thank you enough for helping me. By the way, how are you doing with it? Also, does it work for only certain pairs or does it work with many? I imagine it works with any pair, but like any method, it's about waiting for the setup? The templates and indicators on that page, they are the most recent? Again, thank you so much. jboz
A good system is only as good as the trader using it. The only way to know is to try it for yourself. Favorite does well with the system but many have tried to alter the system to fit what works for them. I think the reason some couldn't make it work is because they didn't pay enough attention to the higher timeframes & tried to trade with just the 1 minute chart. Favorite insisted you must follow ALL the rules, not just some of them.

All of your questions are answered in Favorite's summary of the system on the post I gave you.
Good luck!
  • #7,262
  • Jun 2, 2014 7:37am Jun 2, 2014 7:37am
Hi all,
No trade for me in the next few days cause i have internet connection problems.
My name is Martin... Martin Gale
  • #7,263
  • Jun 3, 2014 1:23am Jun 3, 2014 1:23am
Quoting srt
{quote} A good system is only as good as the trader using it. The only way to know is to try it for yourself. Favorite does well with the system but many have tried to alter the system to fit what works for them. I think the reason some couldn't make it work is because they didn't pay enough attention to the higher timeframes & tried to trade with just the 1 minute chart. Favorite insisted you must follow ALL the rules, not just some of them. All of your questions are answered in Favorite's summary of the system on the post I gave you. Good...
Well said SRT
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  • #7,264
  • Jun 3, 2014 1:27am Jun 3, 2014 1:27am
Quoting condor666
Hi all, No trade for me in the next few days cause i have internet connection problems.
for the moment there are no trades for everyone....last 10 days there was no trade at all , maybe market is changing and system needs small adjustment ?,or maybe this is temporary , needs patience....
  • #7,265
  • Jun 3, 2014 3:27am Jun 3, 2014 3:27am
Quoting vanupips
{quote} for the moment there are no trades for everyone....last 10 days there was no trade at all , maybe market is changing and system needs small adjustment ?,or maybe this is temporary , needs patience....
Hi Vanupips!
If you compare the year 2013 from May and 2014 you will for sure notice that the daily average range reduced a lot and as a result the same with width of TMA channels on all timeframes . If a year ago the average day range for E/J was about 160 pips+,for now (unfortunately of course) it has reduced at least halfway.
This is a bad news)
The good news is that even in this market conditions system works,but for sure with smaller targets.

Sincerely,
David.
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Success is nothing more than a few simple disciplines, practiced every day.
  • #7,266
  • Jun 3, 2014 3:32am Jun 3, 2014 3:32am
Quoting Machinator
{quote} Hi Vanupips! If you compare the year 2013 from May and 2014 you will for sure notice that the daily average range reduced a lot and as a result the same with width of TMA channels on all timeframes . If a year ago the average day range for E/J was about 160 pips+,for now (unfortunately of course) it has reduced at least halfway. This is a bad news) The good news is that even in this market conditions system works,but for sure with smaller targets. Sincerely, David. {image} {image}
David , thanks for your input , but I am speaking from the system Condor is using; he is using it only for 2 month not in 2013 , seemed to work extremely well, but there is no oportunity lately ( even not for smaller targets ) , hopefully this will change soon , or maybe system can be adapted.
  • #7,267
  • Jun 3, 2014 4:07am Jun 3, 2014 4:07am
Quoting vanupips
{quote} David , thanks for your input , but I am speaking from the system Condor is using; he is using it only for 2 month not in 2013 , seemed to work extremely well, but there is no oportunity lately ( even not for smaller targets ) , hopefully this will change soon , or maybe system can be adapted.
Sorry, I have missed that you are speaking about Condor's system ....
But anyway don't worry,probably he will add a couple of new indicators and the system will work again, although nobody knows how long it will last...I sincerely wish the longer the better.

Green pips to all of us!
Success is nothing more than a few simple disciplines, practiced every day.
  • #7,268
  • Jun 3, 2014 10:04am Jun 3, 2014 10:04am
Quoting Machinator
{quote} Hi Vanupips! If you compare the year 2013 from May and 2014 you will for sure notice that the daily average range reduced a lot and as a result the same with width of TMA channels on all timeframes . If a year ago the average day range for E/J was about 160 pips+,for now (unfortunately of course) it has reduced at least halfway. This is a bad news) The good news is that even in this market conditions system works,but for sure with smaller targets. Sincerely, David. {image} {image}
@Machinator. Could you please let me know from where you got those statistics? I'd like to check the data for some other pairs and periods. Thanks in advance.
  • #7,269
  • Jun 3, 2014 10:39am Jun 3, 2014 10:39am
Quoting keen246
{quote} @Machinator. Could you please let me know from where you got those statistics? I'd like to check the data for some other pairs and periods. Thanks in advance.
Check, I just have sent you PM.
Success is nothing more than a few simple disciplines, practiced every day.
  • #7,270
  • Jun 3, 2014 10:51am Jun 3, 2014 10:51am
Quoting Machinator
{quote} Check, I just have sent you PM.
Thanks a lot Machinator! Cheers.
  • #7,271
  • Jun 4, 2014 10:08pm Jun 4, 2014 10:08pm
Hi, here you have the Volatility table for all pairs http://www.forexticket.com/en/tools/02-01-volatility

Cheers, Bernardo.
  • #7,272
  • Jun 9, 2014 4:54am Jun 9, 2014 4:54am
Good morning traders: it's been too quiet here. You folks that trade the Babon system should post your trades and charts to keep this thread more active.

I sold EURUSD & CHFJPY and posted the charts on my blog. I'm off for a snooze and will be back later.

Shalom
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  • #7,273
  • Jun 9, 2014 11:04am Jun 9, 2014 11:04am
Hi Traders,
First and foremost I have to thank DNA for this awesome MM and Favorite for the fantastic strategy. Have been reading and learning and re-reading and re-learning the precise rules and steps. Decided to take a 1st. trade(live) today after noticing a very strong indication to short from the TDI and Heiken Ashi candles from the 1Hr template. Used the TMA 1 beyond the Ichimoku cloud method and did a quick trade although it had alot more room to move to the downside.
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  • #7,274
  • Jun 9, 2014 8:27pm Jun 9, 2014 8:27pm
Good that Milfortra is taking the challenge, and I hope other Babon traders will come out of hiding too as Babon is a very good system.

Short EJ from 139.234 with SL @ 139.33

Good trading to all

Shalom
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  • #7,275
  • Jun 10, 2014 3:38am Jun 10, 2014 3:38am
Hello. I had read this thread in the past, but I quit it because I didn't really pay attention to the real way the Babon system should be traded. In reality I understand now that I overlooked it as I stupidly had given little weight to the big picture. Now, after some more screen experience, I understand that is the real strength of it.
I will post this trade that I just closed and the reasons why. H1 looked like it was approaching a "double breakout pattern" and and M1 violently pierced the Ichimoku cloud, alerting that a possible "TMA M1 beyond the ichimoku cloud" was on its way. I waited for the retracement and entered on the babon colour change. My question is: was it ok to enter considering that both lower TMA M5 and 15 were near? The reason for exit with only 9 pips was that the price didn't make it quickly to confirm the double breakout on H1, also H1 had turned into "TMA H1 beyond TMA H4" and the H1 low on June 5th showed a long wick. To cut it short, I exited where H1 had shown a strong demand. Regretting it now because EJ is tanking , turning my scalp trade in a wonderful profit. I could have re-entered but I was even more cautious by now, yet my original 30 pips target would have been reached.
Before I finish, I'd like to thank both dnabrasil (btw I'm Italian too. Way to go mate! ) and Favorite for what they have made available for us... Just priceless! I hope I will learn more and more on the setups.
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  • #7,276
  • Jun 10, 2014 9:39am Jun 10, 2014 9:39am
Took this other "TMA M1 beyond Ichimoku cloud". The higher trend was still in a "TMA H1 beyond TMA H4" pattern down but the TDI showed a good hook upwards confimred by HA, the price on M1 had broken some previous resistance levels, the TMA M1 had a nice slope up, price seemed to be bouncing strongly from the daily lows, so I waited for a retracement and although I would have liked a better price, the fact that the the price only made it to the median TMA M1 was probably confirming the trend was changing at least temporarily. Then I took some heat as the price preferred to fo down again and touch the lower TMA M1, but I hung on and the target on the the TMA M15 gave me 13 pips this time. I wish some Babon expert could comment on my trades...
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  • #7,277
  • Jun 11, 2014 9:30am Jun 11, 2014 9:30am
"TMA M1 beyond Ichimoku cloud" again. The slope of TMA M1 was not ideal at the entry but the EUR was very weak so I took a shot. Exited on long candle crossing all three TMA's for 18 pips.
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  • #7,278
  • Jun 11, 2014 9:57am Jun 11, 2014 9:57am
Took this CT after seeing a "TMA M1 beyond TMA M5/M15". The price was stalling but I felt my entry was late and although the price was making new HH-LL's I didn't feel comfortable with it (as I never do with CT trades) and it was taking too long to make a decent bounce, so I dropped it at 4 pips.
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  • #7,279
  • Jun 11, 2014 7:28pm Jun 11, 2014 7:28pm
Hi Hammertop

Good to see you're getting success with the full Babon strategy. I'm no expert, but your entries seem fine. Maybe you can PM Machinator to have a look at your trades as well.

I'm still using the full Babon system to demo Gold and hoping to go live within the next month or so.

Keep it up.

K
  • #7,280
  • Jun 11, 2014 8:23pm Jun 11, 2014 8:23pm
Quoting Hammertop
"TMA M1 beyond Ichimoku cloud" again. The slope of TMA M1 was not ideal at the entry but the EUR was very weak so I took a shot. Exited on long candle crossing all three TMA's for 18 pips. {image} {image}
Good job Hammertop I'm sure the Captain is very happy.
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