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New profitable System - Sidus

  • #141
  • Jul 20, 2006 10:57am Jul 20, 2006 10:57am
Quoting OrangeRoshan
Sometimes everything of both and sometimes one part of both. The fib lines helps to maximise profits & minimise loss. Both tunnels (Vegas& Sidus) tell great stuffs about prices. So far, made 87 trades with only 3 bad ones. Not bad for a newbie. Cant wait for the Part II!
Hey OrangeRoshan:

You seem to be the one that has implemented SIDUS with the greatest success, so far. This is my experience:
I'm a great fan of this method. In my first post I mentioned that I had made 60 pips in two days (with two lots = 120 US$), both on EUR/USD. But, once I changed to use the method with EUR/GBP I've got MAYOR LOSSES (I've lost the 60 pips and another 100 pips I had made the week before). Why?
Number 1: This pair is more expensive (spread) - any error will cost twice as much - so this is not a fault of the system (was my problem, as I wasn't aware of the spread cost)

Number 2:
(I can't paste a CHART picture to show you, it seems not to work)
But the two WMA's crossed the tunnel upwards. The tunnel was opening, and the trade looked good to enter LONG (following the suggestions from the pdf - red tunnel crossed and reopening again).
I entered LONG, it peaked and the two came down like rocks, southwards, crossing the red tunnel in the other direction....i left it there going into -50 pips....SOLD OFF and since the red tunnel AND the WMA's showed that being SHORT was the right thing to do, I did that....one hour later they went back up again, crossing the tunnel for a LONG signal - I've had to go out and loose another 50 pips.....this time I didn't have the nerve to go LONG again......

Since then I've been following the system on the charts, but have not traded with it.....I did not have the courage to follow it again.....If I had, I saw that I could have done some decent pips with EUR/USD.....

I'm looking forward to all of your comments and the continuation of this thread. We should come up with some refinement of details, like:

- For how many pips MAX is this system good?
- How long should I wait for the red tunnel to open itself? (if you wait too long you're on the last end of the trend and will morelikely catch only the last few pips - incurring the risk of loss). If you do it too early you can get burnt...

Peter.
To Sidus: I'm still a fan of this simple system and look forward to your work. Thanks man.
  • #142
  • Jul 20, 2006 11:02am Jul 20, 2006 11:02am
Quoting OrangeRoshan
kihl,

Why not, isn't it possible?

Btw, Im trading only Cable Dollar & uses the fib line as my stops. When you know the currency pair very well + a feel for this system. You virtually can make 100 pips from a 30pips bar!

Both tunnels helps me to determine momentum & trend.

Thanks
How could you possibly make 100 pips from a 30 pips bar????

Please explain.

Peter.
  • #143
  • Jul 20, 2006 11:38am Jul 20, 2006 11:38am
Quoting petercross
Hey OrangeRoshan:

You seem to be the one that has implemented SIDUS with the greatest success, so far. This is my experience:
I'm a great fan of this method. In my first post I mentioned that I had made 60 pips in two days (with two lots = 120 US$), both on EUR/USD. But, once I changed to use the method with EUR/GBP I've got MAYOR LOSSES (I've lost the 60 pips and another 100 pips I had made the week before). Why?
Number 1: This pair is more expensive (spread) - any error will cost twice as much - so this is not a fault of the system (was my problem, as I wasn't aware of the spread cost)

Number 2:
(I can't paste a CHART picture to show you, it seems not to work)
But the two WMA's crossed the tunnel upwards. The tunnel was opening, and the trade looked good to enter LONG (following the suggestions from the pdf - red tunnel crossed and reopening again).
I entered LONG, it peaked and the two came down like rocks, southwards, crossing the red tunnel in the other direction....i left it there going into -50 pips....SOLD OFF and since the red tunnel AND the WMA's showed that being SHORT was the right thing to do, I did that....one hour later they went back up again, crossing the tunnel for a LONG signal - I've had to go out and loose another 50 pips.....this time I didn't have the nerve to go LONG again......

Since then I've been following the system on the charts, but have not traded with it.....I did not have the courage to follow it again.....If I had, I saw that I could have done some decent pips with EUR/USD.....

I'm looking forward to all of your comments and the continuation of this thread. We should come up with some refinement of details, like:

- For how many pips MAX is this system good?
- How long should I wait for the red tunnel to open itself? (if you wait too long you're on the last end of the trend and will morelikely catch only the last few pips - incurring the risk of loss). If you do it too early you can get burnt...

Peter.
To Sidus: I'm still a fan of this simple system and look forward to your work. Thanks man.
I'm afraid Peter this is something you'll have to get used to in Forex. The system hasn't been invented that always puts you on the right side of the trade. The most you can hope for, long-term, is more winners than losers.
It's impossible to ask what's the max pips for a system, it all depands on the currency pair, the timing of your entry, and outside influences.
I would suggest that you go and look at the FF Calendar and see if you placed your trade around the time of a US or EU announcement.
I suspect that's the likely cause of the fluctuation.
Pete
  • #144
  • Jul 20, 2006 12:14pm Jul 20, 2006 12:14pm
Quoting petercross
Hey OrangeRoshan:

You seem to be the one that has implemented SIDUS with the greatest success, so far. This is my experience:
I'm a great fan of this method. In my first post I mentioned that I had made 60 pips in two days (with two lots = 120 US$), both on EUR/USD. But, once I changed to use the method with EUR/GBP I've got MAYOR LOSSES (I've lost the 60 pips and another 100 pips I had made the week before). Why?
Number 1: This pair is more expensive (spread) - any error will cost twice as much - so this is not a fault of the system (was my problem, as I wasn't aware of the spread cost)

Number 2:
(I can't paste a CHART picture to show you, it seems not to work)
But the two WMA's crossed the tunnel upwards. The tunnel was opening, and the trade looked good to enter LONG (following the suggestions from the pdf - red tunnel crossed and reopening again).
I entered LONG, it peaked and the two came down like rocks, southwards, crossing the red tunnel in the other direction....i left it there going into -50 pips....SOLD OFF and since the red tunnel AND the WMA's showed that being SHORT was the right thing to do, I did that....one hour later they went back up again, crossing the tunnel for a LONG signal - I've had to go out and loose another 50 pips.....this time I didn't have the nerve to go LONG again......

Since then I've been following the system on the charts, but have not traded with it.....I did not have the courage to follow it again.....If I had, I saw that I could have done some decent pips with EUR/USD.....

I'm looking forward to all of your comments and the continuation of this thread. We should come up with some refinement of details, like:

- For how many pips MAX is this system good?
- How long should I wait for the red tunnel to open itself? (if you wait too long you're on the last end of the trend and will morelikely catch only the last few pips - incurring the risk of loss). If you do it too early you can get burnt...

Peter.
To Sidus: I'm still a fan of this simple system and look forward to your work. Thanks man.
Another thought on your trouble with GBP/USD. You mentioned waiting for the tunnel to open itself. All you should be looking for is the tunnel to cross. Sidus has even said that if the 2 WMA's cross, and the red tunnel is converging like they will cross, he will get in.
If you are waiting for the red tunnel to open up again on the other side you probably are just getting in too late.
  • #145
  • Jul 20, 2006 1:32pm Jul 20, 2006 1:32pm
Quoting OrangeRoshan
kihl,

Why not, isn't it possible?

Btw, Im trading only Cable Dollar & uses the fib line as my stops. When you know the currency pair very well + a feel for this system. You virtually can make 100 pips from a 30pips bar!

Both tunnels helps me to determine momentum & trend.

Thanks
Yes!, it is possible OrangeRoshan. The small detail is that Im not a programmer.

Actually I have ideas for entries, profit taking and stop loss(actually its more a trail stop rather than a stop loss)that can work for an EA.

For entry:
The EA open a trade when both the 5LWMA and 8LWMA crosses both 18EMA and 33EMA. The entry most be accompanied with 3-5 trading positions(depends on the volatility and trendy of the currency pair)

Profit taking:
The TP are based on Fib levels (34, 55, 89, 144, 233). For example if you buy GBP 1.8500, then your TPs are 1.8534, 1.8555, 18589, 1.8644, 1.8733 etc. Again this also depends on the characteristics of the currency pair.

Stop Loss or Trail Stop
The Stop Loss or Trail Stops is activated when the price reach the actual lower EMA in the case that you are buying or when the price reach the actual upper EMA when you are selling the pair. In a trend there arent losses actually, because the actual EMAs are higher(buy) or lower(sell) than your entry point.
OR when both LWMAs crosses both EMAs

This accompanied with optional Ranging Market Filter plus Time filters can make a promising EA. The CHFUSD and GBPUSD are more suitable for this EA.

Hope everybody can understand what I mean. Any questions or suggestions are welcomed
  • #146
  • Jul 20, 2006 2:12pm Jul 20, 2006 2:12pm
Hey OrangeRoshan:

You seem to be the one that has implemented SIDUS with the greatest success, so far. This is my experience:
I'm a great fan of this method. In my first post I mentioned that I had made 60 pips in two days (with two lots = 120 US$), both on EUR/USD. But, once I changed to use the method with EUR/GBP I've got MAYOR LOSSES (I've lost the 60 pips and another 100 pips I had made the week before). Why?
Number 1: This pair is more expensive (spread) - any error will cost twice as much - so this is not a fault of the system (was my problem, as I wasn't aware of the spread cost) I reccomend cable dollar

Number 2:
(I can't paste a CHART picture to show you, it seems not to work) Use PRINTSCREEN, paste and save it.
But the two WMA's crossed the tunnel upwards. The tunnel was opening, and the trade looked good to enter LONG (following the suggestions from the pdf - red tunnel crossed and reopening again).
I entered LONG, it peaked and the two came down like rocks, southwards, crossing the red tunnel in the other direction....i left it there going into -50 pips....SOLD OFF and since the red tunnel AND the WMA's showed that being SHORT was the right thing to do, I did that....one hour later they went back up again, crossing the tunnel for a LONG signal - I've had to go out and loose another 50 pips.....this time I didn't have the nerve to go LONG again......peterfm said it precisely, it may be in between a fundamentals'.

Since then I've been following the system on the charts, but have not traded with it.....I did not have the courage to follow it again.....If I had, I saw that I could have done some decent pips with EUR/USD.....

I'm looking forward to all of your comments and the continuation of this thread. We should come up with some refinement of details, like:

- For how many pips MAX is this system good? Im using 10pips minimum for the 70% with 35 SL, exit & keep the 30% until the next FIBs without any SL (baby sitting). When the GAP of the REDs is wide, have patience with whipsaw, it will eventually follow the trend. It is indeed your friend!
- How long should I wait for the red tunnel to open itself? (if you wait too long you're on the last end Never too late of the trend and will morelikely catch only the last few pips The REDs always keep a very long trend- incurring the risk of loss). If you do it too early you can get burnt... With Cable, its very volatile, I waited until the REDs(in my case GREENs) cross. Waited until the next (30mins chart) 2nd bar (minimum) is formed with closing higher the the open price in the case of BUY, viceversa with SELL. The use of other filters and Indicator will also help to confirm this.

Peter.
To Sidus: I'm still a fan of this simple system and look forward to your work. Thanks man.
Change Your Thinking. Change Your Life - JD
  • #147
  • Jul 20, 2006 2:24pm Jul 20, 2006 2:24pm
Quoting petercross
How could you possibly make 100 pips from a 30 pips bar????

Please explain.

Peter.
GBP/USD with Sidus system actually talk to me. It is very volatile. The bar (closing) will move up & down erotically. With no fundamental's announcement, you can basically figure, where the price will go. Buy/Sell every 10-20 pips.

Eg:

The trend is bullish and very strong. The pin slide downwards penetrating either the support or Fibs. It cant go any lower after diving to more than 20pips (Remember: This is only 1hr chart). Since it cant go sideways, it will only go the opposite direction, which is UP. So, BUY!!

Until it reaches the targeted PIPs, Sell it (100% or 70% & keep the 30%, just in case it goes all the way & break resistence). Then wait until it drops down again, Repeat the process!! Its not scalping, its called knowing your pair, its behaviour & the trend.

When the System doesnt talk to you, DONT TRY THIS ATHOME, ITS VEEEERY DANGEROOOOUS!!

Thanks
Change Your Thinking. Change Your Life - JD
  • #148
  • Jul 20, 2006 2:40pm Jul 20, 2006 2:40pm
How to talk to your chosen currency pair with your trading system?

Step (1).

Look 1-2 weeks back on the charts. Study the behaviour of the pair.

Step (2).

Look @the indicator. How far were the BUY/SELL signals with the actual price. Get a piece of paper and cover half of your screen (to stimulate the future). Study the signal & imagine an entry. Use TEXT and Labels on the charts to pinpoint your move. Then move the charts slowly and see what happens to your prediction. Pipping or not Pipping, Learn from it!

Step (3).

Look @the gap between the tunnels. Look at your other indicators. Take a peek @ the 30mins charts to draw your support & resistance. Look @the time, and see how it behaves. Look @the bar, read them.... and so on.

Step (4).

When you think you know your pair, Talk to it with confidence. TRADE!! Your instinct (within the boundary of the system) will tell you what to do.

Step (5).

Just a glimpse, the pair will talk to you, telling you what to do.

Exercise it, one pip at a time!

This teaching is Brought to you by a Newbie!

Happy Trading

p/s Thanks Sidus
Change Your Thinking. Change Your Life - JD
  • #149
  • Jul 20, 2006 2:51pm Jul 20, 2006 2:51pm
Yes!, it is possible OrangeRoshan. The small detail is that Im not a programmer. Any Volunteer?

Actually I have ideas for entries, profit taking and stop loss(actually its more a trail stop rather than a stop loss)that can work for an EA.

For entry:
The EA open a trade when both the 5LWMA and 8LWMA crosses both 18EMA and 33EMA. The entry most be accompanied with 3-5 trading positions(depends on the volatility and trendy of the currency pair) Dunno about 33, but I use 28. When The REDs narrowed inside 5&8, the black hole is formed!

Profit taking:
The TP are based on Fib levels (34, 55, 89, 144, 233). For example if you buy GBP 1.8500, then your TPs are 1.8534, 1.8555, 18589, 1.8644, 1.8733 etc. Again this also depends on the characteristics of the currency pair. Thanks to Vegas

Stop Loss or Trail Stop
The Stop Loss or Trail Stops is activated when the price reach the actual lower EMA in the case that you are buying or when the price reach the actual upper EMA when you are selling the pair. In a trend there arent losses actually, because the actual EMAs are higher(buy) or lower(sell) than your entry point.
OR when both LWMAs crosses both EMAs I dont dare to use trail stop. Whipsaw will chop me to pieces! The EMA indicators are very accurate BUT, it doesnt plot WHIPSAW. I will trailstop only when I chop my 30% to 10% with a 5-10SL. Eitherway, Im a Pipster already!

This accompanied with optional Ranging Market Filter plus Time filters can make a promising EA. The CHFUSD and GBPUSD are more suitable for this EA. Please tell me about your time filter. I want to learn!

Hope everybody can understand what I mean. Any questions or suggestions are welcomed
Change Your Thinking. Change Your Life - JD
  • #150
  • Jul 20, 2006 3:03pm Jul 20, 2006 3:03pm
Hello all. Want to say thanks first of all to Sidus who has created a really decent system. I am applying it to my fundamental analysis of EUR/USD and GBP/USD and it appears to be working just great.

To PeterCross.. The reason you are having problems with the system is Sidus himself stated that he only tested/used it with the EUR/USD and GBP/USD. You are attempting to use it on a highly volatile pair.. I'd suggest maybe switching to another system.

My goal in trading is to have a system for every type of situation. Some tend to work better than others. This coupled with above average knowledge of how money moves and fundamental analysis should net some pretty sweet pips.

Lastly, I want to add, that I am very happy to be a part of a community that shares it's knowledge so willingly. I don't think i've seen a jerk yet in these forums.

Take care and happy pipping!
  • #151
  • Jul 20, 2006 5:04pm Jul 20, 2006 5:04pm
Quoting pipdogg

Lastly, I want to add, that I am very happy to be a part of a community that shares it's knowledge so willingly. I don't think i've seen a jerk yet in these forums.

Take care and happy pipping!
Me too! Yes, indeed, no jerks around. This is a great community and I like the positive mindset that is around....

.....I think that the human brain is one of the greatest "computer systems" on earth....but if we can combine hundreds, thousands of them...working together towards one common goal (PIIIIPPSSS..... , or whatever other goal we might have here at FF) than the results should be pretty impressive.

Think about this: Everyone of us here has only so much time to allocate for this complicated stuff called Forex trading....but if everybody throws in his little bit, than the result is again COMPOUNDING!

So, lets continue to stick our heads together, like good ol' football players....and see how many get their goals accomplished.

Thanks to all of you for the answers to my thread. Thanks for your valuable time!!!!

Wish you pips and happiness.

Peter.
  • #152
  • Edited 2:37am Jul 21, 2006 2:26am | Edited 2:37am
Hello everybody, I just wanted to say a very warm thanks to SIDUS for his great method and I just have made my first 30 pips live with his method. This is really a very simple, clear and straithforward method and I clearly see that anbody following this method will make a lot of pips

I wish a very happy trading to everybody and a very good day


It is my fourth posting in FF but I have been reading for about 6 months and I really have found it that it is really the best forum on the net about forex with positive people only.

Sincerly

Shreem
  • #153
  • Jul 21, 2006 6:58am Jul 21, 2006 6:58am
I agree. There were a lot of trade opportunities overnight but of course I missed them because I was asleep. I wish there was an EA available to trade the method. I would be willing to even pay for one because I know it would be profitable.
  • #154
  • Jul 21, 2006 7:23am Jul 21, 2006 7:23am
Thank you for sharing this Sidus. It looks like it may be a great model to add to the old trading arsenal.

I love the simplicity!

Well done, sir.
  • #155
  • Jul 21, 2006 7:36am Jul 21, 2006 7:36am
Quoting Yardie
I agree. There were a lot of trade opportunities overnight but of course I missed them because I was asleep. I wish there was an EA available to trade the method. I would be willing to even pay for one because I know it would be profitable.
You are right, last night I missed the opportunities too. Making an Sidus EA would be a perfect complement with the Phoenix EA, they exploit the trending markets and the ranging markets respectively. Its a shame that I just began to learn the know-how of EAs.
  • #156
  • Jul 21, 2006 8:25am Jul 21, 2006 8:25am
Quoting kihl
You are right, last night I missed the opportunities too. Making an Sidus EA would be a perfect complement with the Phoenix EA, they exploit the trending markets and the ranging markets respectively. Its a shame that I just began to learn the know-how of EAs.
Yeah, no worries though. EA's are fun for your mini's and demos but no-one trades EA's professionally. Going to bed with an EA running on a $50,000
account? Won't happen.
When you start trading as a career, you need an office and you need a specific timeframe. That's all.

Good luck/Good trading
  • #157
  • Jul 21, 2006 8:30am Jul 21, 2006 8:30am
Quoting ktrade
Yeah, no worries though. EA's are fun for your mini's and demos but no-one trades EA's professionally. Going to bed with an EA running on a $50,000
account? Won't happen.
When you start trading as a career, you need an office and you need a specific timeframe. That's all.

Good luck/Good trading
Hmmm.. Sorry ktrade. I happened to know someone who has been trading for over 15 years. A Professional Trader, an engineer by profession. He is using a Neuro technology, a form of AI, designed to trade for him automatically.

Yes, he is very secretive about it. Hopefully, he will share it with his students one day!

That's not an opinion but a Fact!
Change Your Thinking. Change Your Life - JD
  • #158
  • Jul 21, 2006 10:05pm Jul 21, 2006 10:05pm
Thanks Sidus for this simple and great system. But why are you so quite? Are you cooking something even better?
khanma
  • #159
  • Jul 22, 2006 2:03am Jul 22, 2006 2:03am
Hi All....

I have a huge contribution to make to this method! I could keep this a secret to myself, but I believe in "You get back what you put out"... So I will put this out to all of you...

I have 2 things to add to this system that I have been trading with huge success... 1st... Instead of 5 & 8 EMA's (too much chop), Use 5 & 12 EMA's. They are way more accurate. I signed up for Pro-Signal in the past and I figured out that all their signals were generated from a 5 & 12 EMA cross on the 1 Hr. chart!
People pay thousands a year for this simple advice.... The truth is... It works. And when you add it to the Sidus Tunnel cross you have the closest thing to the Holy Grail!!!!
2nd... Look at RSI. Calibrate it to 21 on the 1 hr. chart. When it climbs above 50 its on the up trend and stay in until it crosses below the 50 and vice versa for the short!

I've been trading this method with huge success... 959 pips in June so far!!!!!!!!!!!!!

It gets you in the new trades and keeps you out of bad ones!

So.... Look for the 5 & 8 EMA cross first... Then wait for the tunnel cross (18 & 28 EMA) and take the trade on the break out...

MONEY IN THE BANK!!!!!!

I hope this helps!

BAGOVINO
"Skills pay the bill's!"
  • #160
  • Jul 22, 2006 2:06am Jul 22, 2006 2:06am
Sorry!!!!

Look for the 5 & 12 EMA CROSS!!!!!!!!! ( Not 5 & 8 EMA).
"Skills pay the bill's!"
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