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FX Incognito: (open, high, low, close) is ALL you need!

  • #161
  • Jun 8, 2015 4:55pm Jun 8, 2015 4:55pm
Thanks. I will be very happy to read a review from the person who don't have the system. Please send me a link when it will be ready.

I've missed some charts with M15, as well as I've missed some trades. The same story with M1 TF. Lot of opportunities everyday, you only need to wait till the trend will estabilish.

Cherry picked charts. Ok, let's take a look at charts, that are hard to miss.

H4 trades.

27.04 - 01.05
http://www.forexfactory.com/showthre...21#post8235521
EU +115p
GU +165p

04.05 - 08.05
Charts in the attachement - Break Even

11.05 - 15.05
http://www.forexfactory.com/showthre...46#post8266346
EU +83p
GU +129

18.05 - 22.05
http://www.forexfactory.com/showthre...68#post8271168
EU +153p
GU +117

25.05 - 29.05
http://www.forexfactory.com/showthre...42#post8283542
EU +55p
GU +53p

01.06 - 05.06
http://www.forexfactory.com/showthre...21#post8309221
EU +115p
GU +130p

Total of +1115pips. 100% clear rules. Few minutes a week to achieve this.
I guess you are looking for the system which give you 2000pips a month with similar simple rules that cost you half price - $49. Please let me know when you find one. I will be willing to get it too.

Kind Regards
FX Incognito
[email protected]
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 20 KB
Click to Enlarge Name: GBPUSDH4.png Size: 21 KB
  • #162
  • Jun 9, 2015 1:23am Jun 9, 2015 1:23am
Hello Traders,

today charts.

EUR/USD M15 BUY +22p
GBP/USD M15 BUY +20p

I will post scalp charts later, when the daily trend will be confirmed by EU and later on US session.


Have a nice day!

FX Incognito
[email protected]
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 28 KB
Click to Enlarge Name: GBPUSDM15.png Size: 30 KB
  • #163
  • Edited 4:41am Jun 9, 2015 3:44am | Edited 4:41am
Bought the system yesterday. Started today in the morning. Looking to contribute as actually someone who also has the manual and is not the seller.

I trade the top 6 currencies where I have 0-0.5 pips spread on my real money broker. But testing it with demo first.

Always 1:1 RR Ratio: M15 chart

EUR/USD today: 1 win /1 loss -> 0 pips.
GBP/USD today: 2 wins -> 36 pips.
USD/JPY today: 2 wins -> 25 pips
AUD/USD today: 1 win /1 loss -> 0 pips
USD/CAD today: 1 win / 1 still running -> 19 pips (Edit: 2 win -> 38 pips)
USD/CHF today: 1 win / 1 loss -> 0 pips

So, still 1 trade running. At best I end the day with 99 pips profit. At worst with 61. One trade on the USD/CHF missed TP by 0.3 pips. Therefore one trade at AUD/USD surpassed TP by 0.2 pips.

Edit: TP taken, so 99 pips for the day. Done for the day also.
  • #164
  • Jun 9, 2015 7:32am Jun 9, 2015 7:32am
For the M15 only

Alright, I have also done my fair share of backtest. Demotesting it live will take too much time so backtesting is better. I did this accurate to pipette (but will round the pips, overall the rounded numbers are only 1.2 pips above the accurate pips), as a few trades were actually pretty close to being triggered (entry, TP and/or SL).

I have done the test only for the EUR/USD from 21st April 2015 on, the first day of trading for this thread.

April: 21+21+25-25+27+27-23+23-19-19-25-25-15+15+19+19 = 46 pips
May: -20+20-26+26+8+8-10+10-20+20-49-49-41+24+25-25+20-18-18+28+16-30+30-36-36+20+20+46-17+17+30-30-25+25 = -57 pips
June: -55-19+19+24-24-19+19-62+62+29+22-22 = -26 pips.

So, this is IC Markets data.

I dont know for sure if its coincidence, but whenever we had a bad day, there were no charts (eg. May 8th, May21st).

So, for this short period, we have win/losses of 10/6, 18/16 and 6/6 for Apr, May and June.
  • #165
  • Jun 9, 2015 9:01am Jun 9, 2015 9:01am
Thank you for your contribution.

Please don't forget about H4 and M1 also.

Those are the last few hours scalp charts. Market spiked after london open, we got red background, so look for short trades only. We wait, till the trend will estabilish. This can easy boost the results, or compensate if M15 setup bring a lose.

Kind regards
FX Incognito
[email protected]
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 19 KB
Click to Enlarge Name: EURUSDM12.png Size: 19 KB
Click to Enlarge Name: EURUSDM13.png Size: 19 KB
Click to Enlarge Name: EURUSDM14.png Size: 20 KB
  • #166
  • Jun 9, 2015 11:49am Jun 9, 2015 11:49am
and next few hours.

Background is red. Short trades only.

FX Incognito
[email protected]
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM1x.png Size: 21 KB
Click to Enlarge Name: EURUSDM1x2.png Size: 22 KB
  • #167
  • Jun 10, 2015 4:37am Jun 10, 2015 4:37am
Hello Traders,

today setups:

EUR/USD M15 BUY (+38p)
GBP/USD M15 Break Even

H4 setups in progress, EU around 10pips in profit, GU over 80pips in profit, will post the charts when TP/SL will hit.

FX Incognito
[email protected]
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 33 KB
  • #168
  • Jun 10, 2015 5:55am Jun 10, 2015 5:55am
M15 only:

I have added 4 more pairs, so altogether I will post results of the follwing 10 pairs.
EUR/USD-USD/JPY-GBP/USD-AUD/USD-USD/CAD-USD/CHF-EUR/JPY-EUR/GBP-EUR/CHF-NZD/USD
I can trade those pairs with low spreads on 2 brokers with the same GMT server time.

Yesterday, those 10 pairs were up 243 pips (the original 6 had 99 pips, as I posted yesterday; the other 4 had 8 of 8 winner for 144 more pips), today the 10 pairs are up 108 pips. Still not finished for today, though.

However, I have tested all 10 pairs from yesterday till mid-Feb 15, were down 612 pips altogether, merely beating the 50% Strike rate mark. If I have time, I´ll update everything pip by pip in a spreadsheet.

I do not want to make premature conclusions, but to me those 4hr windows seem to be too random. There is no real thinking behind it. Actually, those candles during the Asian Session are random as well. Maybe easytrading3 can comment on the importance and influence of the 1st 4 hours of a trading day.
  • #169
  • Jun 10, 2015 6:31am Jun 10, 2015 6:31am
Hello,

I use only two pairs, can't speak for the other majors/minors. System will be much more efficient after some time, when you will get familiar with it.
Please take into consideration other matters (per system manual) such us: news trading, days of the week (monday/friday), pre FOMC/NFP/ECB, bank holidays days (very low volatility). Many traders incorporate into this simple PA (do not take a trades on big R/S areas). It is said also: 'System was designed for a relatively small numbers of trades. You do not need many trades to be profitable, you need best quality trades'.
Also please do not forget about H4:
http://www.forexfactory.com/showthre...94#post8313494

it is far less work than M15 or M1, and can bring many pips.

If the M15 setup fail, try with M1 TF. You need to check charts only once per 30minutes, and it can compensate for a loss or bring more pips.

Kind Regards
FX Incognito
[email protected]
  • #170
  • Jun 10, 2015 7:36am Jun 10, 2015 7:36am
GBP/USD H4 BUY (+149p).

That makes 450p last 4weeks from this pair alone.

Kind Regards
FX Incognito
[email protected]
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 49 KB
  • #171
  • Jun 11, 2015 8:53am Jun 11, 2015 8:53am
Hi easytrading3,

you should not omit the losers. Transparency should be given all the time. And maybe you can answer my question what the reasoning behind this system is. It seems pretty random.

So far today, the EUR/USD produced 2 losers for -54 pips, altogether my 10 pairs are down 51 pips. Totally, it -1055 for the year.
  • #172
  • Jun 11, 2015 10:06am Jun 11, 2015 10:06am
Hi,

yes, of course.

Double SL on EUR/USD.
GBP/USD M15 SELL +38p

Please read my previous post:
http://www.forexfactory.com/showthre...55#post8317655

Try different TFs also. Give it some time, every system needs some attention. Do not take all the trades from all pairs like an EA, it's better to take few, but better quality. If M15 bring a lose, M1 TF can compensate for it when daily trend will estabilish. H4 trades from EU alone brought much more than 1k pips this year.

Regards
FX Incognito
[email protected]
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 39 KB
  • #173
  • Jun 11, 2015 2:10pm Jun 11, 2015 2:10pm
Nice thread. How do you get your candles to look like that without wicks?
  • #174
  • Jun 11, 2015 6:04pm Jun 11, 2015 6:04pm
Corinthia, read the whole damn thread before asking questions. This applies to every thread in FF. Your questions has been asked and answered one way or the other several times. The charts you see without wicks are from the templates you get when you buy the system. But there are other ways to eliminate wicks, just play around with colors on your chart properties - black bar up/bar down on a black chart.
  • #175
  • Jun 11, 2015 6:24pm Jun 11, 2015 6:24pm
Quoting Goldberg87
Hi easytrading3, you should not omit the losers. Transparency should be given all the time. And maybe you can answer my question what the reasoning behind this system is. It seems pretty random. So far today, the EUR/USD produced 2 losers for -54 pips, altogether my 10 pairs are down 51 pips. Totally, it -1055 for the year.
Goldberg, can I ask how long you have been trading forex?? You are trying to back test a system that doesn't really back test well. The color of the back ground which is used to give direction changes throughout price movement around the daily open price. Read page 15 of your manual. Therefore when you back test you need to ignore the final daily background color and use the daily open price to establish direction of your trades. And looking at 6 or 10 pairs is just too much for a new trader. It will take you all day to accurately back test one pair for one month. Easy has said several times you need to factor in what is going on in the world every day, every minute. That is the main reason trading forex is so hard. You just can't back test and get solid results as forward testing. At best back testing will give only an approximation of what Easy would have done. This is a good system, but it is only a break out system, it is not magic, you need to understand what the colors and boxes are really telling you and not trade them blindly. You need to factor in news, sentiment, support and resistance levels, trends, etc., etc.
  • #176
  • Jun 12, 2015 9:10am Jun 12, 2015 9:10am
Quoting JumpJack
Corinthia, read the whole damn thread before asking questions. This applies to every thread in FF. Your questions has been asked and answered one way or the other several times. The charts you see without wicks are from the templates you get when you buy the system. But there are other ways to eliminate wicks, just play around with colors on your chart properties - black bar up/bar down on a black chart.
No need to be rude. It was a simple question. Your response is a reflection of your mind.
  • #177
  • Jun 12, 2015 12:18pm Jun 12, 2015 12:18pm
Hello traders,

today results:

EUR/USD M15 BUY -24p
EUR/USD M15 SELL +24p

GBP/USD M15 BUY -16p
GBP/USD M15 SELL -16p

Not a great day for M15 setups. Let's take a look at M1 scalp charts. After early EU session drop (pic.1) we look for short trades only. Lot of opportunities before 'red' US news to compensate for M15 loss.

As for H4 (weekly) setups:

GBP/USD H4 BUY +149p (pic.4) : http://www.forexfactory.com/showthre...29#post8317829
EUR/USD H4 BUY -32p (pic.5) : trade was closed, as TP nor SL was hit

Regards
FX Incognito
[email protected]
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM1x1.png Size: 24 KB
Click to Enlarge Name: EURUSDM1x2.png Size: 20 KB
Click to Enlarge Name: EURUSDM1x3.png Size: 20 KB
Click to Enlarge Name: GBPUSDH4.png Size: 52 KB
Click to Enlarge Name: EURUSDH4.png Size: 55 KB
  • #178
  • Jun 12, 2015 12:24pm Jun 12, 2015 12:24pm
Quoting JumpJack
{quote} Goldberg, can I ask how long you have been trading forex?? You are trying to back test a system that doesn't really back test well. The color of the back ground which is used to give direction changes throughout price movement around the daily open price. Read page 15 of your manual. Therefore when you back test you need to ignore the final daily background color and use the daily open price to establish direction of your trades. And looking at 6 or 10 pairs is just too much for a new trader. It will take you all day to accurately back test...
Thank you, yes exactly. We need to put in it some effort. It's good to start daytrading (M1/M15) with 1-2 majors and see how it works for at least few weeks. We do not need XX pairs to be profitable, it's always better to focus on quality. System is not bullet-proof-holy-grail for sure, but can give enough edge to become profitable, and most of all it's easy and based on pure price, hence it should work 'forever' without changes or major updates.

Kind Regards
FX Incognito
[email protected]
  • #179
  • Jun 12, 2015 12:26pm Jun 12, 2015 12:26pm
Quoting corinthia
Nice thread. How do you get your candles to look like that without wicks?
Hi,

this is a part of the system (per website): 'The method is primarily focused on the price, hence candles on the chart do not have any unnecessary elements like for example: shadows, there is only candle body. Thanks to this solution, a trader can only focus on most important things.'

Kind Regards
FX Incognito
[email protected]
  • #180
  • Jun 12, 2015 3:40pm Jun 12, 2015 3:40pm
Quoting easytrading3
{quote} Hi, this is a part of the system (per website): 'The method is primarily focused on the price, hence candles on the chart do not have any unnecessary elements like for example: shadows, there is only candle body. Thanks to this solution, a trader can only focus on most important things.' Kind Regards FX Incognito [email protected]
Thanks for the response. I am reading through the thread and will visit the website. So far, very interesting.
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