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New profitable System - Sidus

  • #461
  • Jul 31, 2006 9:12am Jul 31, 2006 9:12am
  •  khaled
  • | Joined Jun 2006 | Status: A System is something u do EVERYDAY | 45 Posts
Quoting Yardie
ON the EURUSD 30 minute chart the pair has been pointing long from several hours ago. There is no entry for any new trade at this point. I am waiting for a SHORT actually.
Yardi,

What is the Short position that you would be expecting to enter?

Khaled
  • #462
  • Jul 31, 2006 9:16am Jul 31, 2006 9:16am
I am watching EURUSD and GBPUSD for a possible short in the next few hours. There is also the AUSUSD.



Quoting khaled
Yardi,

What is the Short position that you would be expecting to enter?

Khaled
  • #463
  • Jul 31, 2006 9:22am Jul 31, 2006 9:22am
Hello guys

i wanna ask what system do u using now here

is >> 5 and 12 ema's and a 21 rsi , 30 min Eur/usd


Please answer !
Charting Markets into the Future...MǎҖ€¥.
  • #464
  • Jul 31, 2006 9:23am Jul 31, 2006 9:23am
That is what I am using at the moment.
  • #465
  • Edited 9:39am Jul 31, 2006 9:27am | Edited 9:39am
Quoting Yardie
That is what I am using at the moment.
is for entry >> look at the RSI first and THEN look at the cross

so what about exit ?

and as i see there's alot of fake signals !
Charting Markets into the Future...MǎҖ€¥.
  • #466
  • Jul 31, 2006 9:28am Jul 31, 2006 9:28am
I am in on audusd right now. Its not moving much though
JOHN 3:16
  • #467
  • Jul 31, 2006 10:28am Jul 31, 2006 10:28am
This is the kind of market I like to sit on the sidelines. Whipsaws back and forth, great way to dwindle your funds.

On the 30 minute charts, for USD/JPY for instance, it looks like the RSI is going to cross above 50 for a long position, then 5 minutes later it turns the other way. USD/CHF behaving quite the same way.
  • #468
  • Jul 31, 2006 10:29am Jul 31, 2006 10:29am
I'm thinking 1hr charts would be better to use
JOHN 3:16
  • #469
  • Jul 31, 2006 10:38am Jul 31, 2006 10:38am
See how good the RSI does at keeping you out of the whipshaw? I was looking for a EUR/USD short last night, but I am thankfully still on the sidelines with all my money still in my account due to the 21 RSI. I hope no one took a position yet. You could have actually taken a quick buy when the 5/12 crossed up while RSI was still above 50. It was only good for 10 or 15 pips, but better than nothing!

I too am still waiting for the EUR short YARDIE! MACD shows a hint of divergence favoring a bear run.

As far as the other pairs I do not know which this system works for. I am content with trading only the Euro as I am confident this system works with it.

Seems as though ORANGE is having great success with the GBP! Maybe we should pick his brain a bit.

As far as the Euro, it's in a huge state of consolidation. This means we are ready for a big trending move. In a situation like this I would not only wait for the 30 min. "Bago'pip-system" to show a signal, but a price breakout as well!

Let the trade come to us!!!

Bagovino
"Skills pay the bill's!"
  • #470
  • Jul 31, 2006 10:50am Jul 31, 2006 10:50am
Quoting bagovino
As far as the Euro, it's in a huge state of consolidation. This means we are ready for a big trending move. In a situation like this I would not only wait for the 30 min. "Bago'pip-system" to show a signal, but a price breakout as well!

Bagovino
A break and close thru the 60EMA could be used in this situation to let us know the trend has changed and 5-12 trades can again be taken when the opportunity arises.
  • #471
  • Jul 31, 2006 10:57am Jul 31, 2006 10:57am
i ave been using the 5& 12 ema with the 21rsi it has been crossing the 50 consistantly on oanda so i have been getting whipsawed to death but only on demo so far. Can anyone tell me what we are looking for when it is ranging like this. I am following signals but i have been hit everytime i have gone into the market today. i know this is going to be a great system but i can't get to grips with it. I have been having great success recently on fundemental but the brokers are trying to stich us up with slippage and no fills so i thought a re visit to technicals was the way. if i can master this entry i believe this can work with all the great work you have all done.

could someone give me the benefit of their experience on this one please.

thanks
  • #472
  • Jul 31, 2006 11:02am Jul 31, 2006 11:02am
Which pairs are you trading?

I usually wait until the candle closes after crossing the RSI's 50 unless the candle has lots of momentum in which case I will enter before a close. It still needs to be across the RSI's 50 mark though.

Quoting forexstacy
i ave been using the 5& 12 ema with the 21rsi it has been crossing the 50 consistantly on oanda so i have been getting whipsawed to death but only on demo so far. Can anyone tell me what we are looking for when it is ranging like this. I am following signals but i have been hit everytime i have gone into the market today. i know this is going to be a great system but i can't get to grips with it. I have been having great success recently on fundemental but the brokers are trying to stich us up with slippage and no fills so i thought a re visit to technicals was the way. if i can master this entry i believe this can work with all the great work you have all done.

could someone give me the benefit of their experience on this one please.

thanks
  • #473
  • Jul 31, 2006 11:05am Jul 31, 2006 11:05am
GBP/JPY Long signal generated about an hour ago... 30 minute chart, I'm in for 5 lots.


1st TP @ 213.83 ... 2nd TP @ 214.04

I realize I am trading against long term 4hr trend, but I see signs of a reversal on 4 hour...

BTW: 1st TP already reached...
  • #474
  • Jul 31, 2006 11:09am Jul 31, 2006 11:09am
Let us know how it works out.

I stay away from GBP/JPY using the 5-12 cross because of the large spread.

Quoting GrnEydGuy
GBP/JPY Long signal generated about an hour ago... 30 minute chart, I'm in for 5 lots.


1st TP @ 213.83 ... 2nd TP @ 214.04

I realize I am trading against long term 4hr trend, but I see signs of a reversal on 4 hour...

BTW: 1st TP already reached...
  • #475
  • Edited 11:31am Jul 31, 2006 11:17am | Edited 11:31am
If the one hour GBP/JPY confirms the trend reversal, like it looks like it's going to do... I will enter another long position for this pair.

There could actually be great potential for an excellent short here if this pair is just pulling back... 1hr GUPPY looks like we may be in for a bounce back down here.
  • #476
  • Jul 31, 2006 11:24am Jul 31, 2006 11:24am
Sometimes you need to give the trade some time to materialize. Because the EMA and RSI cross and then go back slightly 5 minutes after doesnt mean that the trade has gone bad. This is why stop loss is important. I think 20 pips is a good stop loss on the 30 minute chart -- maybe 25 pips. Another thing you could do is just close out the trade if the RSI hit 45 or less on a LONG position or 55 or more on a SHORT position.
  • #477
  • Jul 31, 2006 11:27am Jul 31, 2006 11:27am
Quoting Yardie
Sometimes you need to give the trade some time to materialize. Because the EMA and RSI cross and then go back slightly 5 minutes after doesnt mean that the trade has gone bad. This is why stop loss is important. I think 20 pips is a good stop loss on the 30 minute chart -- maybe 25 pips. Another thing you could do is just close out the trade if the RSI hit 45 or less on a LONG position or 55 or more on a SHORT position.
Is this a general rule of thumb you use with this system, or do you apply it to a specific pair of currencies...

I wasn't sure if you were referring to my earlier GBP/JPY post.

I generally use recent lows and highs for SL.

Thanks
  • #478
  • Jul 31, 2006 11:31am Jul 31, 2006 11:31am
Its a general rule of thumb that I have been using.

Quoting GrnEydGuy
Is this a general rule of thumb you use with this system, or do you apply it to a specific pair of currencies...

I wasn't sure if you were referring to my earlier GBP/JPY post.

I generally use recent lows and highs for SL.

Thanks
  • #479
  • Edited 11:46am Jul 31, 2006 11:42am | Edited 11:46am
Quoting aha
Fixed a small glitch.:
I am having all 4 lines together with Sidus Baco Entry Indicator. What's wrong with it?

nchosen
  • #480
  • Jul 31, 2006 12:15pm Jul 31, 2006 12:15pm
Quoting OrangeRoshan
Hi guys,

Here it is. Its a rush job and i hope you guys can benefit from it as it has for me. I welcome constructive comments that you might have. Starting Monday, I apologise early when i dont reply this post as frequent as i should be. The reason is Im focus on trading. I will make simple reply during the week days & full reply during the weekend.

Its Pipastic. When you dont make money with this, I dont know what will.

renasdad, I will comeback to your with the new SL manager. Will study it, Thanks.

To the guys doing the EA, please incoperate this because it really works & a pip machine.

Sidus: I cant wait to see your part 2. Hope it will come soon.

Happy Trading.

This seems to be a very informative document...and I know it is imcomplete, but like it is confusing on how to use...I mean it seems to cause more un-needed crosses than the regular sidus(with variation) method...also nothign is really explained...on the thirty minute chart of GBPUSD i have seen more than 3 entrys and exits that would of loss me mmoney in the past 10 hours. So maybe i dont understand when exactly do you enter, when do you exits. And i think I understand the TP rules...Thnx for clearing up my frustrations
Nothing is hard, some things just take more time and discipline.
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