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  • #21
  • Dec 12, 2014 11:42pm Dec 12, 2014 11:42pm
Yeah as an example,

Your 15 minute chart, 240 min chart, and daily are open in your screen. "I prefer to have multiple time frames up to see things live"

1. So say the the 15 minute is oversold, and the 240min/daily are still going down and not in oversold territory
2. Wait for the 15 minute chart's oscillator to reach overbought territory "pullback" and you will notice if there is any demand for the currency
based on how price moves along with the oscillator. You will notice that if larger timeframes are still going down, and the oscillator in the 15 minute chart is
reaching overbought territory "going against the major trend" price will not move at the same pace as its oscillator because there is NO DEMAND, so sell!
3. You will notice that an up move on the oscillator on the 15 minute chart had NO affect on the downward oscillators in the higher time frames.




Quoting santos23
{quote} Thanks, I think what Investing is saying is whatever the timeframe youre using as your main entry, always look on a higher timeframe direction and then take trades in that direction on your lower timeframe once your oscillator shows that its overbought/sold (and its reached your supply or demand level), this way the movements of the trade you enter will be safe and better, bigger pips.
  • #22
  • Dec 12, 2014 11:57pm Dec 12, 2014 11:57pm
How is news with this
  • #23
  • Dec 13, 2014 12:05am Dec 13, 2014 12:05am
You could avoid trading news or trade based on higher time frames. I can't remember the last time I followed news reports, frankly I am too busy to care about news so I trade based higher time frames. The results are based on not caring what news or analysts say and focusing on demand and supply. Yeah some news made my account volatile sometimes but it is only temporary. My advice would be to either avoid news or have enough buying power so the trade comes back to you.


Quoting Shai1122
How is news with this
  • #24
  • Dec 13, 2014 12:07am Dec 13, 2014 12:07am
I hear that man I'm going look into to look like you have had great returns
  • #25
  • Dec 13, 2014 1:59am Dec 13, 2014 1:59am
Can you provide your trading detail history so we can exam the day/time with it's RSI? How you determine the exit point for each trade? Thx for your valuable infor.
  • #26
  • Dec 13, 2014 3:47am Dec 13, 2014 3:47am
Quoting MathTrader7
I think a better idea than deleting the thread would be adding a description of your system, or at least adding some new concept, theory or your findings here...
He already gave you the details of his system, what more could you want from him?

All the information that you need is already there.

This is essentially the same system I use and it makes me wonder where he got his information from?! Be sure not to say too much dude! Some of these folks just need to figure it out themselves and learn the hard way. Then, of course, there are other "folks" (I hate using this word, it reminds me too much of Obama) who will never get it even though the information is staring at them right in the face and couldn't be laid out any clearer.

No offense, investing 101, but you're doing just fine. Keep that rate of return up for a few more months and you'll have money managers calling you begging to take their money, hahahaha. Semi-kidding.

I think you should stop posting here and go back to what you do best: TRADE

Let the goons be goons.
Please check out my blog at https://from-zero-to-hero . net
  • #27
  • Dec 13, 2014 6:00am Dec 13, 2014 6:00am
Firstly, thank you investing101 for your information it has been very much appreciated.

SECONDLY

Who do you think you are smash1820 - If you are such a good trader why are you here wasting your time and abusing those who are learning.

I say its time you leave.

As you are the only GOON here.
  • #28
  • Dec 13, 2014 8:00am Dec 13, 2014 8:00am
Thank You! subscribed
  • #29
  • Dec 13, 2014 8:05am Dec 13, 2014 8:05am
investing 101, kindly please share your Stoch RSI indicator. Many Thanks!
  • #30
  • Dec 13, 2014 8:31am Dec 13, 2014 8:31am
Quoting mario777
investing 101, kindly please share your Stoch RSI indicator. Many Thanks!
here..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 56 KB
  • #31
  • Dec 13, 2014 8:51am Dec 13, 2014 8:51am
Quoting MathTrader7
I do not see any trading system nor anything new in your message!
This is why successful traders such as myself do not bother to post anything on Forex Factory. The trader has not had a chance to even develop the thread and is already hit by a negative comment from a probable know-it-all.
  • #32
  • Dec 13, 2014 9:35am Dec 13, 2014 9:35am
Quoting IRISH37
{quote} This is why successful traders such as myself do not bother to post anything on Forex Factory. The trader has not had a chance to even develop the thread and is already hit by a negative comment from a probable know-it-all.
well you just did, so that makes you unsuccessful, lol

anyhow this thread does not belong in trading system section, unless she offers details of some which is required for system section.
  • #33
  • Dec 13, 2014 10:02am Dec 13, 2014 10:02am
Good one. lol
  • #34
  • Dec 13, 2014 10:24am Dec 13, 2014 10:24am
My point sir is, you don't learn by following other people's system. You do that you will loose eventually. The name of the game is finding weaknesses in supply or demand. Learn to loose/don't give up and you will find your own style. I have hundreds of thousands of hours invested just in watching price action.


Quoting mark3
Firstly, thank you investing101 for your information it has been very much appreciated. SECONDLY Who do you think you are smash1820 - If you are such a good trader why are you here wasting your time and abusing those who are learning. I say its time you leave. As you are the only GOON here.
  • #35
  • Dec 13, 2014 10:29am Dec 13, 2014 10:29am
Exits, I just take money as I go. Technically I have left a lot of money on the table for not sticking to the trend. Even though I have like 60 trades on that report I could have made a lot more money with 3 trades just by sticking to the trend. When I start doing this full time, once I am in a trade I will go to the next higher time frame and wait till it is overbought or oversold.

Quoting FXyao
Can you provide your trading detail history so we can exam the day/time with it's RSI? How you determine the exit point for each trade? Thx for your valuable infor.
  • #36
  • Dec 13, 2014 4:38pm Dec 13, 2014 4:38pm
Quoting santos23
This is a very basic example of what investing means..correct me if im wrong, including the entry on the 15M and direction following on the monthly {image} {image}

now i see what you are saying thanks i shall demo this
  • #37
  • Dec 13, 2014 5:59pm Dec 13, 2014 5:59pm
many successful trading systems are based on identifying and following the long term trend, then using pullbacks or breakouts on lower TF's to enter (including my own)

What 101 has provided here is a very simple way of doing this. I'm sure if any trader spends time to become comfortable with it then they can become profitable.
  • #38
  • Dec 13, 2014 8:14pm Dec 13, 2014 8:14pm
Quoting investing101
Choose an oscillator with a faster period. You don't have to put it over the chart like I did but I find that it helps. Go to the daily or weekly chart to confirm the trend and the direction of the oscillator. Below is the 4 hr chart. The trend has been down for the last few months so look at what happens when the oscillator looks overbought and a much higher time frame's oscillator is still heading down. Notice how many of the oscillations below looks bullish when in reality the price action did not follow through as the oscillator did. It is screaming...
I like the way to view overbought/oversold line in a chart instead of in an indicator window, therefore just find one similar to yours. I hope this will help whoever who wants same success in forex like you. Thx
Attached File(s)
File Type: zip stochastic_on_chart.zip   < 1 KB | 1,707 downloads
  • #39
  • Dec 13, 2014 8:16pm Dec 13, 2014 8:16pm
Quoting FXyao
{quote} here.. {image}
FXyao, thanks but i think Stocahstic and Stoch RSI is different.
  • #40
  • Dec 13, 2014 8:20pm Dec 13, 2014 8:20pm
Quoting mario777
{quote} FXyao, thanks but i think Stocahstic and Stoch RSI is different.

I have compared the same date ranges between them and it shows almost same figure. test it by yourself.
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