Genuine 5m 4R/R system | Page 40 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The System Behind the System, by Merlin Jeffries 16 replies

London Olympics - Genuine Trading Opportunity or Far Fetched Idea? 17 replies

Genuine Broker offering USDX? 1 reply

Would you trade this system? New system #2. 10 replies

Attachments: Genuine 5m 4R/R system
Exit Attachments

Genuine 5m 4R/R system

  • #781
  • Jun 11, 2014 10:35pm Jun 11, 2014 10:35pm
  •  Kitara
  • | Joined Mar 2008 | Status: This space for rent...call for info | 128 Posts
Quoting rifid
{image} Where did you enter on that trade Kitara, I notice your chart looks considerably different to mine in some areas
Yes, they are slightly different. So I have some crutches. I use a 100 simple MA to determine long term trend, and fractals to draw my lines with. Here is my current E/J chart with the P2P. The first entry was a loss, the 2nd one went for the 20.
What is your moving average?
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym5.png Size: 50 KB
  • #782
  • Jun 11, 2014 10:36pm Jun 11, 2014 10:36pm
Quoting rifid
Goodmorning everyone, lets hope for a nice trending day and get some good trades in. For you traders out there who lack the patience to wait for 20 pip setups and want the quicker thrill of the scalp, I will bring out the scalpers version of this system later today. Any one interested in that?
yes i am agree freand...
  • #783
  • Jun 11, 2014 10:36pm Jun 11, 2014 10:36pm
Quoting Kitara
Well, you would have got the 20 on E/J. So don't listen to me on symmetrical, ever! lol. Okay, maybe on u/j.. that one still has me playing triangle heights. But E/J has been quite the producer this week. Rifid, are you typing up your scalping method? If I'm going to hang out and trade overnight, which I think I will... I'll need to be highly caffeinated. I been doing this for about 10 years, so I can do patience but you might get some whacked out comments from me as I adjust my sleep schedule. U/J is moving on up, I'm in that one.
Wacked out comments.....that could be entertaining....... i'll try and get it out in the next hour or two, but dont loose any sleep over it, It will be there for you for Friday.
patience is bitter, but its fruit is sweet
  • #784
  • Jun 11, 2014 10:41pm Jun 11, 2014 10:41pm
  •  Kitara
  • | Joined Mar 2008 | Status: This space for rent...call for info | 128 Posts
Quoting rifid
us/cad may form something @ 8608
I don't know why you originally chose the yen pairs, but I have to tell you.. I've become a fan of them for this method. Looking at U/Cad, which I'm fond of too... for different reasons, I never expect too much from it. My husband is Canadian and I'm American, so we exchange money all the time. Here is what I'm seeing thought chart wise, are you seeing this too? For US/CADs, this is our sleeping time so I'm not expecting too much. If it breaks, then I will bow down, but I will just sit on the sidelines and try to learn a lesson with this one
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadm5.png Size: 32 KB
  • #785
  • Jun 11, 2014 10:48pm Jun 11, 2014 10:48pm
Quoting rifid
{image} Where did you enter on that trade Kitara, I notice your chart looks considerably different to mine in some areas
Rifid, just to confirm, you would of not taken that trade EURJPY, as there is resistance at the left and it is not new highs, correct?
  • #786
  • Jun 11, 2014 11:15pm Jun 11, 2014 11:15pm
Quoting Kitara
{quote} I don't know why you originally chose the yen pairs, but I have to tell you.. I've become a fan of them for this method. Looking at U/Cad, which I'm fond of too... for different reasons, I never expect too much from it. My husband is Canadian and I'm American, so we exchange money all the time. Here is what I'm seeing thought chart wise, are you seeing this too? For US/CADs, this is our sleeping time so I'm not expecting too much. If it breaks, then I will bow down, but I will just sit on the sidelines and try to learn a lesson with this...
This is one of my favouite set ups so if it forms i'm in. loose 2% or poss. gain 8% like those odds
patience is bitter, but its fruit is sweet
  • #787
  • Jun 11, 2014 11:21pm Jun 11, 2014 11:21pm
  •  Kitara
  • | Joined Mar 2008 | Status: This space for rent...call for info | 128 Posts
us/cad to the south! I'm still skeptical, but a break out is a break out!
  • #788
  • Jun 11, 2014 11:22pm Jun 11, 2014 11:22pm
Quoting driven18
{quote} Rifid, just to confirm, you would of not taken that trade EURJPY, as there is resistance at the left and it is not new highs, correct?
Discretional trade ,up to the individual, me, probably not ,i've had a good week so far,monday and tues., so can sit and wait.
patience is bitter, but its fruit is sweet
  • #789
  • Jun 11, 2014 11:23pm Jun 11, 2014 11:23pm
  •  Kitara
  • | Joined Mar 2008 | Status: This space for rent...call for info | 128 Posts
LOL, I just noticed you used the u in favorite. Are you sure you're not Canadian? Gap on my usd/cad chart. Maybe some big boys playing a south break. I wish you luck if you're in it.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadm5.png Size: 32 KB
  • #790
  • Jun 11, 2014 11:23pm Jun 11, 2014 11:23pm
Quoting Kitara
us/cad to the south! I'm still skeptical, but a break out is a break out!
I was waiting for another bounce,not in yet
patience is bitter, but its fruit is sweet
  • #791
  • Jun 11, 2014 11:32pm Jun 11, 2014 11:32pm
Quoting rifid
{quote} I was waiting for another bounce,not in yet
Got sell stop @599 not triggered yet, but your right ,theres not much life in it.
patience is bitter, but its fruit is sweet
  • #792
  • Jun 11, 2014 11:36pm Jun 11, 2014 11:36pm
  •  Kitara
  • | Joined Mar 2008 | Status: This space for rent...call for info | 128 Posts
Quoting rifid
{quote} I was waiting for another bounce,not in yet
This is another low volatility pair, so I would treat it like U/J, go for the triangle of 14 pips. Okay, now saying that, I have been around the FF block and know how important MM is. So the 1:4 RR really does make a difference. LOL, please don't send me to the back of the class! I'm going to ask personal questions now, why did you and your wife choose the xxx/yen pairs. Why now after opening this thread are you looking at others? I know first hand that patience is hard, but 3 - 8 trades a week isn't bad when you have a good chance of coming out ahead. I trade 1:2 for my aussie system, and my growth account rate is positive but has to be slower then yours. So patience does pay off. Anywho, I stick to my original comment that these setups can be fun and addictive, but you do need how to do them right
  • #793
  • Jun 11, 2014 11:40pm Jun 11, 2014 11:40pm
  •  Kitara
  • | Joined Mar 2008 | Status: This space for rent...call for info | 128 Posts
okay, I'm going to set my U/J targets and let it ride or bust out. U/J loves symmetricals, so hopefully it won't disappoint!
  • #794
  • Jun 11, 2014 11:42pm Jun 11, 2014 11:42pm
Quoting rifid
{quote} I was waiting for another bounce,not in yet
I think my cad chart is broken!!!lol
  • #795
  • Jun 11, 2014 11:59pm Jun 11, 2014 11:59pm
Quoting Kitara
{quote} This is another low volatility pair, so I would treat it like U/J, go for the triangle of 14 pips. Okay, now saying that, I have been around the FF block and know how important MM is. So the 1:4 RR really does make a difference. LOL, please don't send me to the back of the class! I'm going to ask personal questions now, why did you and your wife choose the xxx/yen pairs. Why now after opening this thread are you looking at others? I know first hand that patience is hard, but 3 - 8 trades a week isn't bad when you have a good chance of coming...
Thats a good question, i chose the 4 yen pairs after a lot of trial and error , for a number of reasons , the pairs had to have a low spread ,so no exotics ,they needed to get to t/p in fastest time and have good volume, although all the main pairs do have good setups and get to 20 pips during times of heavy trending,they just dont do it as often as the yen pairs.
Also with this system ,to get the best out of it you need to get into the rythem of that particular pair and it is very difficult to do when you are flip flopping thru a dozen pairs all the time, so we have just one pair each on 4 computers that way you can keep an eye on the flow of each pair fairly easily. But i must say with everybody helping each other on here it opens up a whole lot more trade oportunities for everyone, than you could possibly do by yourself.
patience is bitter, but its fruit is sweet
  • #796
  • Jun 12, 2014 12:02am Jun 12, 2014 12:02am
Quoting coastie
{quote} I think my cad chart is broken!!!lol
I think they are all asleep there
patience is bitter, but its fruit is sweet
  • #797
  • Jun 12, 2014 12:51am Jun 12, 2014 12:51am
Scalp Version now available on post No.1
patience is bitter, but its fruit is sweet
  • #798
  • Jun 12, 2014 12:54am Jun 12, 2014 12:54am
Hi rifid. Just expressing some of my opinions. If price above pivot only look for long, if below only look for shorts. It seems to save me from a lot of fake outs. TP should be adjusted according to the ADR of pairs. EU, GU, AU, UJ with 150 points and EJ, GJ at 200 points.

Just my 2cents. Cheers.
  • #799
  • Jun 12, 2014 1:03am Jun 12, 2014 1:03am
Quoting covetousrat
Hi rifid. Just expressing some of my opinions. If price above pivot only look for long, if below only look for shorts. It seems to save me from a lot of fake outs. TP should be adjusted according to the ADR of pairs. EU, GU, AU, UJ with 150 points and EJ, GJ at 200 points. Just my 2cents. Cheers.
UP to you to try that, the most IMPORTANT thing is to only take the QUALITY entries. Your trades need space to be able to get to T/P without hitting s/r
patience is bitter, but its fruit is sweet
  • #800
  • Jun 12, 2014 2:05am Jun 12, 2014 2:05am
Quoting rifid
Goodmorning everyone, lets hope for a nice trending day and get some good trades in. For you traders out there who lack the patience to wait for 20 pip setups and want the quicker thrill of the scalp, I will bring out the scalpers version of this system later today. Any one interested in that?
Sounds good!

I am in....
1 trader viewing now