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New profitable System - Sidus

  • #621
  • Aug 4, 2006 10:37am Aug 4, 2006 10:37am
Nchosen,
Are you using the original Sidus method or are you using the enhanced RSI 21 + 5/12 EMAs? Because, I have yet to see these false signals yet. Could you please be more specific on when and where these 'false signals' occured?

thanks

Quoting nchosen
Hi,

I am just wondering why sidus have given so much false signals lately. I am having 12 losses in row from 27th of July. Been trading by sidus rules and following the 1 hour/4 hours trends.

Have you guys been out from the markets or have I been too eager to trade? It seem like any trade I take have instantly "make" the market turn the other way.

nchosen
  • #622
  • Aug 4, 2006 11:07am Aug 4, 2006 11:07am
Quoting its2die4
Nchosen,
Are you using the original Sidus method or are you using the enhanced RSI 21 + 5/12 EMAs? Because, I have yet to see these false signals yet. Could you please be more specific on when and where these 'false signals' occured?

thanks
I am using the enhanced RSI21+5/12EMAs.

Here is one example:
Closed Transactions:
Ticket Open Time Type Lots Item Price S / L T / P Close Time Price Commission Taxes Swap Profit
8864743 2006.08.02 14:44 buy 1.00 eurusd 1.2816 1.2783 1.2932 2006.08.02 15:07 1.2783 0.00 0.00 0.00 -330.00


nchosen
  • #623
  • Aug 4, 2006 11:28am Aug 4, 2006 11:28am
Quoting nchosen
I am using the enhanced RSI21+5/12EMAs.

Here is one example:
Closed Transactions:
Ticket Open Time Type Lots Item Price S / L T / P Close Time Price Commission Taxes Swap Profit
8864743 2006.08.02 14:44 buy 1.00 eurusd 1.2816 1.2783 1.2932 2006.08.02 15:07 1.2783 0.00 0.00 0.00 -330.00


nchosen
if look at my 30m chart its show rsi21 was below 50. could u paste the chart to dicuss further..
  • #624
  • Edited 2:50pm Aug 4, 2006 2:26pm | Edited 2:50pm
Quoting rhmyee
if look at my 30m chart its show rsi21 was below 50. could u paste the chart to dicuss further..
Sorry I do not have an external web page to add my images to. I could send to your email address though. I can not see your chart here.

nchosen
  • #625
  • Aug 4, 2006 4:11pm Aug 4, 2006 4:11pm
I have noticed after big drops .... and after big moves up ........ BrainTrend2StopLine.mq4 .... gives an early .... indication of the next .... direction the pair is going to take. Just look at EUR USD and USD JPY .... look at 30min and 1hr charts .... for the big moves I find BrainTrend2StopLine.mq4 to be great. Thanks to renasdad for giving us that indicator. I don't know if this could be used in an EA or not? Thanks!
  • #626
  • Aug 4, 2006 8:43pm Aug 4, 2006 8:43pm
Quoting nchosen
Hi,

I am just wondering why sidus have given so much false signals lately. I am having 12 losses in row from 27th of July. Been trading by sidus rules and following the 1 hour/4 hours trends.

Have you guys been out from the markets or have I been too eager to trade? It seem like any trade I take have instantly "make" the market turn the other way.

nchosen

Do you wait for the bar/candle to close? Or do you just take a trade right when the cross happens?
JOHN 3:16
  • #627
  • Aug 4, 2006 8:54pm Aug 4, 2006 8:54pm
Trades that could have been taken for usdchf. Note, the RED arrows that signaled a buy, those would have not gotten much at all. It would have been a fake signal. Notice where RSI was most of the time. It was above the 50. The best thing to do would only be the "50 Bounce" or when price RSI dips below 50 and climbs above again. With any one of those trades, a 15 pip SL would have never been hit.
Attached Image
JOHN 3:16
  • #628
  • Edited Aug 5, 2006 3:54am Aug 4, 2006 9:02pm | Edited Aug 5, 2006 3:54am
Possible usdcad trades. Notice again the red arrows that would have resulted in getting stopped out because of false signals. Notice RSI is mainly above the 50 level here. The last set of green arrows however would have been a good long signal going against the RSI being below 50 most of the time. There are many "50 bounces" though. With these trades, no SL would have been hit except the red arrow trade.

Also look what has just happened. Price went through the Vegas tunnel and retraced right back underneath it. To me, this is a very good setup. Look for short signals here.
Attached Image
JOHN 3:16
  • #629
  • Aug 4, 2006 9:08pm Aug 4, 2006 9:08pm
I don't trade eurchf but this is a good example of RSI showing range bound. See how it is bouncing back and forth over the 50 from above to beow back to above That is what I have highlighted in the yellow box. Notice what happens to the right of the boxes. RSI gets above the 50 and stays there. Look for long signals.
Attached Image
JOHN 3:16
  • #630
  • Aug 5, 2006 12:14am Aug 5, 2006 12:14am
Quoting nchosen
Sorry I do not have an external web page to add my images to. I could send to your email address though. I can not see your chart here.

nchosen
nchosen,

Here is what you do to post charts. Save your chart on your computer in whatever folder you want. When you post on here, go down and find the button that says "attach files to your post". Click browese, click the correct file to open, click open, click upload file, once it is finished, click close window. Then you post your reply. That should work.
JOHN 3:16
  • #631
  • Aug 5, 2006 1:07am Aug 5, 2006 1:07am
Quoting renasdad
Possible usdcad trades. Notice again the red arrows that would have resulted in getting stopped out because of false signals. Notice RSI is mainly above the 50 level here. The last set of green arrows however would have been a good long signal going against the RSI being below 50 most of the time. There are many "50 bounces" though. With these trades, no SL would have been hit except the red arrow trade.
Great stuff renasdad!



Jim
Indicators show the past. Price Action "Indicates" the future.
  • #632
  • Aug 5, 2006 1:14am Aug 5, 2006 1:14am
Thank you Jim. I am addicted to this and I am gonna keep on going with it.
JOHN 3:16
  • #633
  • Aug 5, 2006 1:15am Aug 5, 2006 1:15am
For anyone that wants to learn more about Vegas Tunnel which is what I use and seems very very logical, here is the thread you can find the docs at.

http://www.forexfactory.com/forexfor...Wealth+Builder
JOHN 3:16
  • #634
  • Aug 5, 2006 1:17am Aug 5, 2006 1:17am
Here is one question for everyone here following. Should there be a thread started just to post charts? We could keep this thread open for discussion and one for charts. I know over in the PF, they have Chart Reads Only. Just for charts with explination. It is used for a learning tool and I think that would be a good idea. Instead of getting a chart here and then 3 or 4 posts and then another 2 or 3 charts and 7 or 8 posts. Let me know what you guys think.
JOHN 3:16
  • #635
  • Aug 5, 2006 1:38am Aug 5, 2006 1:38am
Quoting renasdad
Here is one question for everyone here following. Should there be a thread started just to post charts? We could keep this thread open for discussion and one for charts. I know over in the PF, they have Chart Reads Only. Just for charts with explination. It is used for a learning tool and I think that would be a good idea. Instead of getting a chart here and then 3 or 4 posts and then another 2 or 3 charts and 7 or 8 posts. Let me know what you guys think.
I totally agree with you that there should be a separate place for charts as I believe visual patterns speak more clearly than words.But the moderator or who ever manages that chart section should keep useless comments and recomments cleansed regularly so that spirit of charting remains intact.

I do not write regularly but access the forum very regularly.I appreciate your chart postings and writing earnestly.
  • #636
  • Aug 5, 2006 2:12am Aug 5, 2006 2:12am
Hi renasdad,

i support very much the idea of a "clean" tread for discussing potential nearby trades and charts. Hope we can succeed with this. Keep up the
great work guys

Have a nice weekend,

FT



Quoting renasdad
Here is one question for everyone here following. Should there be a thread started just to post charts? We could keep this thread open for discussion and one for charts. I know over in the PF, they have Chart Reads Only. Just for charts with explination. It is used for a learning tool and I think that would be a good idea. Instead of getting a chart here and then 3 or 4 posts and then another 2 or 3 charts and 7 or 8 posts. Let me know what you guys think.
  • #637
  • Aug 5, 2006 4:46am Aug 5, 2006 4:46am
Quoting renasdad
Here is one question for everyone here following. Should there be a thread started just to post charts? We could keep this thread open for discussion and one for charts. I know over in the PF, they have Chart Reads Only. Just for charts with explination. It is used for a learning tool and I think that would be a good idea. Instead of getting a chart here and then 3 or 4 posts and then another 2 or 3 charts and 7 or 8 posts. Let me know what you guys think.
yes, great idea. bythwy where does the thread u start off yesterday under the title SIDUS? i can't find it here anymore..
  • #638
  • Aug 5, 2006 4:55am Aug 5, 2006 4:55am
Quoting rhmyee
yes, great idea. bythwy where does the thread u start off yesterday under the title SIDUS? i can't find it here anymore..
It's gone. Merlin said something about it too that we shouldn't post anything important cause it might get lost. They went to their backup files and things posted after their stuff went down wasn't saved. It's ok though, we'll get it on here again though. Unless their was something specific you were wanting to look at agiain. Let me know.

And for the thread for charts, I think all we would have to do is in the first post state that it was only for that and any questions could be made here about the charts. And if anyone does post on the chart thread, we could kindly ask them to delete it and move their question to this thread.
JOHN 3:16
  • #639
  • Aug 5, 2006 7:26am Aug 5, 2006 7:26am
For those of you who like to use support and resistance, you might find this indicator helpful.
Attached File(s)
File Type: mq4 Support and Resistance (Barry).mq4   2 KB | 792 downloads
JOHN 3:16
  • #640
  • Aug 5, 2006 7:30am Aug 5, 2006 7:30am
Peterdxb

According to the SHI-Channel, isn't it saying that the trend is up while you are shorting it [where your arrow are palced or is that where you had exited]?
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