Come Surfing Fx With Me System

Thanx for the reply. Sure we should follow the rules and if all conditions are met there should be as little space for mind to get us into the trouble as possible..

SHORT --UJ--

Sell @ 120.22

Normally, I don't trade Asean session. This evening I saw a familiar set up of Momentum Trend (H1_M15_M5)

H1 : Down Trend

M15 : Step1 and Step2 are happened

M5: Put a sell just for fun


Sai Ram

me too trading only euro/usd. entered twice yesterday when 15m and 5m show green, perhaps when downtrend i should only pick selling signal.

The latest indicators in the system are they repainting or can i use them to backtest ?

Best regards

iam up in this one now..

close for 29 pips

Nice trade !!

nice one Brath.. Based on which sys did U enter?
Thanx

This morning, I use the old system that I had used to trades 7 years ago. I closed a winning trade with +24 pips.

H4 : Trend
M15: Retracement
M5 : Trigger

The system called Cowabunga in Babypips.com.

But I have changed some modification about the entry point.

The original system uses M15 to enter a trade with all the rules without exception.

But I take a retracement in M15 then I enter in M5 without the channel, less protection against the bounce. That the risk I have to take it. Sometime trigger a trade in M5 allows the spread eliminates early.

You can check the Cowabunga system, the trend following, in babypips.com


Sai Ram

hi i used the 1h 15 min 5min system but i also used the colour of the daily candle in coming to my conclusion, that daily candle is very very important

The Cowabunga system said :

The Main Trend Is Your Friend
The main concept of the theory is to catch small trends during the day while avoiding fakeouts. Simple right? Wrong! It’s easier said than done. I will be making my trades off of a 15 minute chart, but I will be using a 4hr. chart to give me my main trend. If my 4hr. chart is trending up, then I will only be looking to go long on the 15 minute chart. On the other hand, if my 4hr. chart is trending down, then I will only be looking to go short on the 15 minute chart. By looking at the main trend first, I will have a better chance for a winning trade by moving along with the current market direction.
http://www.babypips.com/images/blogs...aintrend-s.gif
4hr. Chart Settings:

1. 5 EMA applied to the close
2. 10 EMA applied to the close
3. Stochastic (10,3,3) (Use slow and simple settings)
4. RSI (9) (Simple)

The 15 Minute Chart
After establishing the main trend , it’s time to look for trade entries on the 15 minute chart. The 15 minute chart looks similar to the 4hr. chart, except for the fact that I have added a MACD histogram. The trade entry rules are simple:
15 Minute Chart Settings:

1. 5 EMA applied to the close
2. 10 EMA applied to the close
3. Stochastic (10,3,3) (Use slow and simple settings)
4. RSI (9) (Simple)
5. MACD (12,26,9) (Exponential histogram)- Make sure the histogram displays the difference between the 2 lines

Long trades:

1. 5 EMA must cross above the 10 EMA (Indicated on my chart by a black candle)
2. RSI must be greater than 50
3. Stochastic must be headed up and not in overbought territory
4. MACD histogram must go from negative to positive OR be negative and start to increase value. (We want to catch trends early so the MACD histogram must be negative)

http://www.babypips.com/images/blogs...307/long-s.gif
Short trades:

1. 5 EMA must cross below the 10 EMA (Indicated on my chart by a purple candle)
2. RSI must be less than 50
3. Stochastic must be headed down and not in oversold territory
4. MACD histogram must go from positive to negative OR be positive and start to decrease in value. (We want to catch trends early so the MACD histogram must be positive)

http://www.babypips.com/images/blogs...07/short-s.gif
15 Minute Chart Setup:

1. 5 EMA applied to the close
2. 10 EMA applied to the close
3. RSI (9)
4. Stochastic (10,3,3)
5. MACD Histogram (12,26,9)

Stop Losses
There is not a hard number that I use for a stop loss. Instead I use either the most recent swing low (for long trades) or the most recent swing high (for short trades) as my stop loss. Using the examples above, this is where I would place my stops:
http://www.babypips.com/images/blogs...longstop-s.gif
http://www.babypips.com/images/blogs...hortstop-s.gif
In these examples, the stop losses were not that wide. However, there will be times when the most recent swing high or low is several pips away from your entry. This is where you must be careful. If the stop is too wide for you to keep within your money management rules, simply stay out of the market! Trust me, there will always be another trade later. Even if that trade happens to win a gazillion pips, you should never compromise or doubt your decision to follow strict money management.
Exits
Here’s where things get a little hairy. You’ll have to use your brain for this one. What’s that? A trading system that actually requires you to think?! But don’t worry; it’s really not that hard. Generally 50 and 00 levels will be your targets. What is a 50 or 00 level? It’s simply any price that ends in 50 or 00. For example, 2550 and 2600 are examples of a 50 and 00 level respectively.
However, if you are too close to a 50 or 00 level you can also choose to set your target for the same amount of pips you are risking. For example, if your going long and your entry is at 2445 and your stop loss is at 2425 you would be risking 20 pips. You could then set your target for 20 pips away from your entry. So in this example your target would be 2445 + 20= 2465.

If you have any questions concerning in Post#931 you can ask me because I have used the Cowabunga system since 2008 with some little new modifications.



Sai Ram

another one

Sure but at the point of your entry indicators were not ready..

Just a few moments before CAD red news..

Watching GJ.. acc to momentum sys we only need 5 mtf to get ready..

Trix on 1htf turned to positive so no short trades allowed..

you got to learn to see the big picture biondo , everything was ready..

This is screenshot of 1-15-5 momentum sys template.. Are yellow lines at entry candles? If yes then you entered your short at 14 GMT+2 acc to this sys.
So tell (teach me) me Brath how this:
1 htf: trix is positive - only long trades are allowed
15 mtf - price bellow the mid channel
5 mtf - not even one indi ready for your short..

is part of the big (1-15-5 momentum sys) picture?

Hi Biondo,

You are right.

If you are fresh new in using the Momentum Trend I suggest to trade the direction H1. Because the trend H1 changes direction pretty fast.

So Biondo, you understand the prevailing trend.


Sai Ram