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Simple Systematic Double RSI/Fisher system- 1h-D Time Frames

  • #41
  • Jun 13, 2014 2:58pm Jun 13, 2014 2:58pm
Quoting driven18
And of course then there is a chop ...bottom is non repainting fisher...all positions are loosing positions.....how do you deal with those? {image}
I think combining daily and 4h will solve the problem. saticdoor86 may have a better explanation! Let us wait for his response!
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #42
  • Jun 13, 2014 9:53pm Jun 13, 2014 9:53pm
I see there are 2 potential trades for Monday.

EU - Sell
US/CHF - Buy

Can someone confirm if this is valid? Thanks
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  • #43
  • Jun 13, 2014 11:26pm Jun 13, 2014 11:26pm
Quoting tillandran
I see there are 2 potential trades for Monday. EU - Sell US/CHF - Buy Can someone confirm if this is valid? Thanks {image} {image}
Seem correct, technically.

Not sure if anyone has used this on UJ and made some decent profit over a period of time.
  • #44
  • Jun 14, 2014 12:02am Jun 14, 2014 12:02am
Quoting driven18
And of course then there is a chop ...bottom is non repainting fisher...all positions are loosing positions.....how do you deal with those? {image}

Hi driven, good question on the chop.

If you realise, yes, it starts ranging in the daily chart.

I've posted the same chart that you have. the beauty of this system is even when its ranging,
The minimum pips that you can get is estimated about 70, which isnt too bad.

If you look at the chart, i have pointed out the potential trades with Blue lines.
The purple lines shows the ranging period that you picked out.

Now, each of the blue line trades actually moved more that 100 pips.
not too bad for a chop period.

have a good day!
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  • #45
  • Jun 14, 2014 12:06am Jun 14, 2014 12:06am
Quoting tillandran
I see there are 2 potential trades for Monday. EU - Sell US/CHF - Buy Can someone confirm if this is valid? Thanks {image} {image}
Hi tillandran,

please note that both the potential setups are invalid.

For EUR USD

the 2RSI has to cut 70 down in addition of cutting the 12 RSI.
in you chart it does not.

For USD CHF

You said buy, but the 2 RSI HAS to cut the 30 upwards and then the 12 RSI for it to be a valid trade.

This is important so as to filter out the false signals.

thank you.
  • #46
  • Jun 14, 2014 12:07am Jun 14, 2014 12:07am
Every trade is individual and it doesnt matter that previously the RSI had cut 30/70.
For the trade that you are going to take. RSI 2 must cut 30/70.

hope this helps.
  • #47
  • Jun 14, 2014 12:11am Jun 14, 2014 12:11am
Quoting Opemipo
{quote} Let us talk abt sl and tp.When it moved to 100pips u moved ur sl to 75pips; is it by default that u move sl 75pips for every 100pip? Thanks!I really love ur sys!

Hi, opemipo.

Glad you like it.

For the moving of the SL, its purely to the trader's discretion.

Every trader has their preferences. The only downside to moving the SL up is when the pull back occurs before it continues the trend.
As for me, i rather move up the SL( im a cautious trader!) haha
hope this helps.

Have a good day.
  • #48
  • Jun 14, 2014 12:41am Jun 14, 2014 12:41am
It looks like A/J 4 hour is a sell.
  • #49
  • Jun 14, 2014 1:08am Jun 14, 2014 1:08am
Quoting saticdoor86
{quote} Hi tillandran, please note that both the potential setups are invalid. For EUR USD the 2RSI has to cut 70 down in addition of cutting the 12 RSI. in you chart it does not. For USD CHF You said buy, but the 2 RSI HAS to cut the 30 upwards and then the 12 RSI for it to be a valid trade. This is important so as to filter out the false signals. thank you.
Thanks a lot saticdoor86 for the explanation. It's much clearer now.

Just to be sure, can you please confirm the setup which I highlighted in Yellow line is valid signal?
Attached Image (click to enlarge)
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  • #50
  • Jun 14, 2014 1:09am Jun 14, 2014 1:09am
Quoting Syracuse
It looks like A/J 4 hour is a sell.
For me it's a buy
  • #51
  • Jun 14, 2014 3:56am Jun 14, 2014 3:56am
Quoting tillandran
{quote} Thanks a lot saticdoor86 for the explanation. It's much clearer now. Just to be sure, can you please confirm the setup which I highlighted in Yellow line is valid signal? {image}
yes. you're right.
  • #52
  • Jun 14, 2014 3:59am Jun 14, 2014 3:59am
Quoting tillandran
{quote} For me it's a buy
yea it is a buy BUT the Fisher bar looks small, i woudlnt take it personally.
i would have the taken the one earlier(about 8 bars back) as its right after a pullback, much safer.

have a good day!
  • #53
  • Jun 14, 2014 10:29am Jun 14, 2014 10:29am
Quoting saticdoor86
{quote} yea it is a buy BUT the Fisher bar looks small, i woudlnt take it personally. i would have the taken the one earlier(about 8 bars back) as its right after a pullback, much safer. have a good day!
saticdoor..you can not take a buy about 8 bars back(see green line), fisher(not painted) is still red...you can take buy next bar...but right now it would be a loosing position ...please confirm
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  • #54
  • Jun 14, 2014 10:43am Jun 14, 2014 10:43am
Quoting driven18
{quote} saticdoor..you can not take a buy about 8 bars back(see green line), fisher(not painted) is still red...you can take buy next bar...but right now it would be a loosing position ...please confirm {image}
If you realise, I've been basing my entries from the first fisher. I don't have to two fishers to confirm my entries. I'm using the top fisher on you chart. Therefore, the fisher is green. And is a winning trade.

Have a a good day.
  • #55
  • Edited 12:26pm Jun 14, 2014 11:51am | Edited 12:26pm
Quoting saticdoor86
{quote} If you realise, I've been basing my entries from the first fisher. I don't have to two fishers to confirm my entries. I'm using the top fisher on you chart. Therefore, the fisher is green. And is a winning trade. Have a a good day.
Saticdoor, you are displaying the fisher after the fact...during entry into this trade it would be as it was on non repainting fisher...if you going back and testing it, you can not judge your trades by repainting indicator...just warning you...color changes every 8-12 hours I believe....been there...
  • #56
  • Jun 14, 2014 1:50pm Jun 14, 2014 1:50pm
A/J 4 hour sell

Attached Image (click to enlarge)
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http://www.forexfactory.com/attachme...6&d=1402771513
  • #57
  • Jun 14, 2014 4:34pm Jun 14, 2014 4:34pm
hi all, Thanks to saticdoor86 for such a wonderfull system. can we use bollinger bands to recognize choppy or ranging market....?
  • #58
  • Jun 15, 2014 12:56am Jun 15, 2014 12:56am
Quoting driven18
{quote} Saticdoor, you are displaying the fisher after the fact...during entry into this trade it would be as it was on non repainting fisher...if you going back and testing it, you can not judge your trades by repainting indicator...just warning you...color changes every 8-12 hours I believe....been there...
show me examples of it repainting them? instead of just claiming.

you have to wait for the candle to close first before confirming the fisher signal.
  • #59
  • Jun 15, 2014 12:58am Jun 15, 2014 12:58am
Quoting levisin786
hi all, Thanks to saticdoor86 for such a wonderfull system. can we use bollinger bands to recognize choppy or ranging market....?
Hi Levisin,

Please look at post 44 for explanations on ranging markets.
Thank you!
  • #60
  • Jun 15, 2014 2:28am Jun 15, 2014 2:28am
Sati, here is an example as per your request. Look to the left of the vertical red line.
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