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New profitable System - Sidus

  • #221
  • Jul 24, 2006 5:39am Jul 24, 2006 5:39am
Yardie,

Using the 5 & 12 EMA cross with RSI on the 30 min looks interesting. It seems we can use the 18 & 28 tunnel to judge whether to stay in the trade or not... So if we are long we stay in as long as we are riding above the tunnel. We would then exit when we cross through the tunnel.
Looking at the latest EUR/USD move, the 5/12 cross on the 30 min would get us in around 1.2685, where as the 1 hr 18/28 tunnel would have gotten us in at 1.2625... a 60 pip difference. That is huge!
Maybe we can incorporate a 3 screen/timeframe method for entry and exits.... Look how adding a 60 SMA and zooming in on the 5 min can help. The 60 SMA works as support or resistance depending on which side price is on.
I've never traded with SARS before.... How does it work/help with this system?

Thanks,

Bagovino
"Skills pay the bill's!"
  • #222
  • Jul 24, 2006 6:51am Jul 24, 2006 6:51am
I appreciate it very much
Senbanda
  • #223
  • Jul 24, 2006 7:29am Jul 24, 2006 7:29am
Anybody working on strategies for re-entries and/or late entries?
  • #224
  • Jul 24, 2006 7:46am Jul 24, 2006 7:46am
If you look at the USDJPY chart you would seea huge 40 pip miss as well based on the one hour chart that could have been had by looking at the 30 minute. Parabolic SAR generally give you the direction of the pair. When the trend is down the P-SAR is above the tunnel. When it is up it is below the tunnel.



Quoting bagovino
Yardie,

Using the 5 & 12 EMA cross with RSI on the 30 min looks interesting. It seems we can use the 18 & 28 tunnel to judge whether to stay in the trade or not... So if we are long we stay in as long as we are riding above the tunnel. We would then exit when we cross through the tunnel.
Looking at the latest EUR/USD move, the 5/12 cross on the 30 min would get us in around 1.2685, where as the 1 hr 18/28 tunnel would have gotten us in at 1.2625... a 60 pip difference. That is huge!
Maybe we can incorporate a 3 screen/timeframe method for entry and exits.... Look how adding a 60 SMA and zooming in on the 5 min can help. The 60 SMA works as support or resistance depending on which side price is on.
I've never traded with SARS before.... How does it work/help with this system?

Thanks,

Bagovino
  • #225
  • Jul 24, 2006 7:47am Jul 24, 2006 7:47am
Sure if the RSI is below 50 (for a LONG) and there is a cross you stay out of the trade and wait for the other paramaters to line up (such as RSI and SAR).


Quoting bugy
How do you filter the crosses from ema's with the RSI and PSAR ?
  • #226
  • Jul 24, 2006 7:49am Jul 24, 2006 7:49am
Yardie, is it RSI 21 ?
  • #227
  • Jul 24, 2006 7:50am Jul 24, 2006 7:50am
Yes thats the setting Bagovino mentioned earlier.



Quoting peterdxb
Yardie, is it RSI 21 ?
  • #228
  • Jul 24, 2006 8:28am Jul 24, 2006 8:28am
Sidus,

I like your ideas, thanks for sharing them with me and everyone else.
  • #229
  • Edited 9:39am Jul 24, 2006 9:06am | Edited 9:39am
Quoting ktrade
Anybody working on strategies for re-entries and/or late entries?
I imagine you could trade price bounces off the 18/28 tunnel as long as the 5/12 EMA's do not cross/pass-thru. Enter after the 5 EMA has turned toward the direction of the original trade with at least a 10 pip spread between the 5 EMA and the tunnel to avoid chop. Also avoid entering if 5 & 12 start to do the "DNA spiral" near the tunnel. Give yourself breathing room, but don't wait to long or SL will be too big. Hope that makes sense.

Something else to consider before taking a bounce is how long the current Sidus trade has been going on. If profit levels of 89, 144 or higher from the tunnel have already been hit, then a bounce entry may not be such a good idea.

Just an idea based on a similar system I have used in the past involving EMA's on a 1/2 hr timeframe...
  • #230
  • Jul 24, 2006 9:41am Jul 24, 2006 9:41am
Quoting senbanda
I appreciate it very much
Senbanda
You are more than welcome. Welcome to the friendliest FX Forum on the planet!
Change Your Thinking. Change Your Life - JD
  • #231
  • Jul 24, 2006 9:43am Jul 24, 2006 9:43am
Thanks bon - good info!



Quoting bonmeister
I imagine you could trade price bounces off the 18/28 tunnel as long as the 5/12 EMA's do not cross/pass-thru. Enter after the 5 EMA has turned toward the direction of the original trade with at least a 10 pip spread between the 5 EMA and the tunnel to avoid chop. Also avoid entering if 5 & 12 start to do the "DNA spiral" near the tunnel. Give yourself breathing room, but don't wait to long or SL will be too big. Hope that makes sense.

Something else to consider before taking a bounce is how long the current Sidus trade has been going on. If profit levels of 89, 144 or higher from the tunnel have already been hit, then a bounce entry may not be such a good idea.

Just an idea based on a similar system I have used in the past involving EMA's on a 1/2 hr timeframe...
  • #232
  • Jul 24, 2006 10:00am Jul 24, 2006 10:00am
Quoting ktrade
Anybody working on strategies for re-entries and/or late entries?
MT4 platform let you hedge, meaning you can have multiple SELL/BUY without exiting your previous trade.

Strategy 1
As long as you are +vely piping due to your early entry. Study the whiplash using the shortterm indicator (BLUE&YELLOW) and buy/sell accordingly for a nice 10pips profits. This takes practice & understanding the behavious of your pair. Volatile pair like CableDollar is my favourite. Use 35SL for whiplash protection. e.g: Bearish trend: When the price hit the lowest, way down 30+ pips, Reverse (BUY) for a good 10-15 pips.

Strategy 2
According to the trend, in NOW case, its bearish for cable$. Wait until the price move 15 to 20pips up, then Short (bearish trend)

Strategy 3
Combination of strategy 1&2.

This is what my mentor (20+yrs trading experience) taught me. He call it 100/30pips system.

Strategy 4
When all indicators confirm the trend. The distance between the 2 tunnels are increasing (trend continue) AND the angle of the 4 indicators are following the trend, then Enter according to the trend with confidence.

I hope this will help a bit.

Happy trading & dont forget Risk Management.

Thanks
Change Your Thinking. Change Your Life - JD
  • #233
  • Jul 24, 2006 1:05pm Jul 24, 2006 1:05pm
Thanks for this info Orange.

Quoting OrangeRoshan
MT4 platform let you hedge, meaning you can have multiple SELL/BUY without exiting your previous trade.

Strategy 1
As long as you are +vely piping due to your early entry. Study the whiplash using the shortterm indicator (BLUE&YELLOW) and buy/sell accordingly for a nice 10pips profits. This takes practice & understanding the behavious of your pair. Volatile pair like CableDollar is my favourite. Use 35SL for whiplash protection. e.g: Bearish trend: When the price hit the lowest, way down 30+ pips, Reverse (BUY) for a good 10-15 pips.

Strategy 2
According to the trend, in NOW case, its bearish for cable$. Wait until the price move 15 to 20pips up, then Short (bearish trend)

Strategy 3
Combination of strategy 1&2.

This is what my mentor (20+yrs trading experience) taught me. He call it 100/30pips system.

Strategy 4
When all indicators confirm the trend. The distance between the 2 tunnels are increasing (trend continue) AND the angle of the 4 indicators are following the trend, then Enter according to the trend with confidence.

I hope this will help a bit.

Happy trading & dont forget Risk Management.

Thanks
  • #234
  • Jul 24, 2006 2:39pm Jul 24, 2006 2:39pm
Between last night and Friday I've made 60 pips average per lot, that's just on 3 to 4 trades, and I haven't had a single negative one yet. There is a lot of potential here. This was on the Cable, Swissy, and the Yen.
(Oh and btw, I've just been using the original 5 & 8 WMAs for the most part. I think I like them better than the 5 & 12 EMAs, but not sure yet.)

Best,
Lerey
  • #235
  • Jul 24, 2006 5:07pm Jul 24, 2006 5:07pm
Azhotpipper,

Try the 5 & 12 just to compare to the 5 & 8... I'd like to see what you come up with.



Yardie,

How are you doing with the 5 & 12 cross and 21 RSI on the 30 min? Looks good to me!!!

Thanks,

Bagovino
"Skills pay the bill's!"
  • #236
  • Jul 24, 2006 5:11pm Jul 24, 2006 5:11pm
Yes looks very good, but its no fun watching the chart to see the opportunities. I think Tradeigel is working on a EA that I will be testing this week. Not sure if he has incorporated the RSI as yet though. I think the RSI is important

Quoting bagovino


Yardie,

How are you doing with the 5 & 12 cross and 21 RSI on the 30 min? Looks good to me!!!

Thanks,

Bagovino
  • #237
  • Jul 24, 2006 5:12pm Jul 24, 2006 5:12pm
What time frame are you working with?



Quoting azhotpipper
Between last night and Friday I've made 60 pips average per lot, that's just on 3 to 4 trades, and I haven't had a single negative one yet. There is a lot of potential here. This was on the Cable, Swissy, and the Yen.
(Oh and btw, I've just been using the original 5 & 8 WMAs for the most part. I think I like them better than the 5 & 12 EMAs, but not sure yet.)

Best,
Lerey
  • #238
  • Jul 24, 2006 11:32pm Jul 24, 2006 11:32pm
Yardie,

If you dont want to watch the charts all day, just do what I do... Sign up at www.alertfx.com They will send a text alert to your phone when the MA's cross.



BaGOVINO
"Skills pay the bill's!"
  • #239
  • Jul 25, 2006 1:33am Jul 25, 2006 1:33am
I think we are creating 2 systems out of one here that can work in harmony!

It seems the 5 & 12 EMA on the 30 min along with RSI set at 21 gets us in a trade early and quickly profitable. It also seems when that synch's in with the sidus method we can make some huge pips!

So what I am proposing is we can enter of the 5/12 30min signal with multiple lots... say 4. We take profit on half the position when things meet with the 1hr sidus method... If things line up there we let the remaining position ride the rest of the trend until the 18/28 meet again.

What do you guys think?

Bagovino
"Skills pay the bill's!"
  • #240
  • Jul 25, 2006 2:45am Jul 25, 2006 2:45am
Quoting bagovino
I think we are creating 2 systems out of one here that can work in harmony!

It seems the 5 & 12 EMA on the 30 min along with RSI set at 21 gets us in a trade early and quickly profitable. It also seems when that synch's in with the sidus method we can make some huge pips!

So what I am proposing is we can enter of the 5/12 30min signal with multiple lots... say 4. We take profit on half the position when things meet with the 1hr sidus method... If things line up there we let the remaining position ride the rest of the trend until the 18/28 meet again.

What do you guys think?

Bagovino
Yeeessss!! Now thats brilliant. Ive been using the chopping method thru James16Group Forum (The Knife System/Subscribe when you want to see it) teaching. But, my friend the 30mins charts bundle is brilliant.

Welldone & Thanks!
Change Your Thinking. Change Your Life - JD
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