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  • #7,641
  • Jul 22, 2015 12:55pm Jul 22, 2015 12:55pm
Quoting XxLessoxX
{quote} Nice work. You can get wealthy on 30 pips a day.....or 20 for that matter.
Everything is still in a demo account.

But, believe it or not, my wealth plan involves just making 10 pips a day!

I want to see how consistent I am with this system, to make 10+ pips each day.

I also only use 3% of account balance on each trade.
  • #7,642
  • Jul 22, 2015 2:26pm Jul 22, 2015 2:26pm
Quoting AJLFx
{quote} Everything is still in a demo account. But, believe it or not, my wealth plan involves just making 10 pips a day! I want to see how consistent I am with this system, to make 10+ pips each day. I also only use 3% of account balance on each trade.
sent you PM
  • #7,643
  • Jul 23, 2015 8:02am Jul 23, 2015 8:02am
Quoting AJLFx
{quote} The "channels" are actually the 1 hour TMA bands on the 1min chart. {image} I primarily use the centerband (Blue=bullish, Brown=bearish, White=neutral). This allows me to essentially get a glimpse of higher timeframe direction to try and put the probability on my side when entering a trade.
Hi AJLFx.
Your HRLY TMA with the 3 bands make a lot of sense. Unfortunately my indy only give me the upper and lower bands.
Could you possible give me the one you are using? It will be much appreciated.
Thanx a ton.
Pieter
  • #7,644
  • Jul 23, 2015 8:05am Jul 23, 2015 8:05am
Quoting Pipglutton
{quote} Hi AJLFx. Your HRLY TMA with the 3 bands make a lot of sense. Unfortunately my indy only give me the upper and lower bands. Could you possible give me the one you are using? It will be much appreciated. Thanx a ton. Pieter
If you're using the fasttma all you have to do is turn centerline to true.
  • #7,645
  • Jul 23, 2015 8:07am Jul 23, 2015 8:07am
Quoting devontrader
AJLFx what i do is look at the channels.like you when i enter a trade im looking for a channel.on as big a timeframe as possible where its also lined up with my 1 5 and 15 channel. lets say it was with 240 chart so channels lined up and price at the top.and we went short.....id be short to the bottom of the 240 channel. after the move id consider staying short if 240 is bearish....if it turns on a pullback id exit the trade and wait on the pull back before short again
Hi Jason.
I have been screening all the pairs daily and hardly find the scenario you mention. Hoe many time a day does it occur?
Either I am a total idiot (which I won't dispute) or I am half blind (also a strong possibility)
Again today I did 6 trades of which 5 were losses.....!
  • #7,646
  • Jul 23, 2015 8:14am Jul 23, 2015 8:14am
Quoting XxLessoxX
{quote} If you're using the fasttma all you have to do is turn centerline to true.
Thank you sir.
Can't change the colour for up, down or neutral, but that's ok for now.
Rgds
Pieter
  • #7,647
  • Jul 23, 2015 8:47am Jul 23, 2015 8:47am
Hi Clive,

Love the system. Gone through the whole thread and just started implementing the system on my account.

One thing that I can't figure out. Your Strongest Weakest indicator just won't show on my charts. As you can see I've added it to the chart but it will not show up.

Any ideas?
Attached Image (click to enlarge)
Click to Enlarge Name: chart.JPG Size: 231 KB
  • #7,648
  • Jul 23, 2015 9:20am Jul 23, 2015 9:20am
Ignore my last post, seems to be working now!

Will keep you update on my results from a day of trading tomorrow.
  • #7,649
  • Jul 23, 2015 10:47am Jul 23, 2015 10:47am
Quoting Pipglutton
{quote} Hi Jason. I have been screening all the pairs daily and hardly find the scenario you mention. Hoe many time a day does it occur? Either I am a total idiot (which I won't dispute) or I am half blind (also a strong possibility) Again today I did 6 trades of which 5 were losses.....!
can you post some charts of those losses, lets dissect them.
  • #7,650
  • Jul 23, 2015 10:47am Jul 23, 2015 10:47am
USDJPY trade opened.
5/15 TMA upper band breached.
Possible reversal here since USDJPY has been bearish short term.
Decided to wait for 1min TMA center to turn back to red before going Short


Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-23-09-37-24_OPEN.png Size: 52 KB


USDJPY closed as price hits 5min TMA lower band

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-23-09-42-58_FF.png Size: 52 KB


Profit = 9pips
  • #7,651
  • Jul 23, 2015 10:52am Jul 23, 2015 10:52am
Quoting Pipglutton
{quote} Thank you sir. Can't change the colour for up, down or neutral, but that's ok for now. Rgds Pieter
on the indicator input screen, under inputs change trend threshold to 0 and it should be like clives charts.
  • #7,652
  • Jul 23, 2015 10:53am Jul 23, 2015 10:53am
NZDUSD trade opened.
5/15 TMA lower band breached.
Possible reversal here since NZDUSD has been bullish short term.
Decided to wait for 1min TMA center to turn back to green before going Long

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-23-09-56-25_OPEN.png Size: 57 KB


NZDUSD closed using "recovery" trade, as reversal did not take place as anticipated.

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-23-11-20-24_FF.png Size: 52 KB


Profit = 2pips
  • #7,653
  • Jul 23, 2015 10:57am Jul 23, 2015 10:57am
GBPUSD trade opened.
5/15 TMA lower band breached.
Possible continuation here since GBPUSD has been bearish short term.
Decided to wait for 1min TMA center to turn back to red before going Short

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-23-10-25-24_OPEN.png Size: 52 KB


GBPUSD closed as price hits 5min TMA lower band

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-23-10-55-46_FF.png Size: 51 KB


Profit = 15pips
  • #7,654
  • Jul 23, 2015 11:01am Jul 23, 2015 11:01am
USDCAD trade opened.
5/15 TMA upper band breached.
Possible continuation here since USDCAD has been bearish short term.
Decided to wait for 1min TMA center to turn back to red before going Short

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-23-10-55-25_OPEN.png Size: 56 KB


USDCAD closed using "recovery" trade, as continuation did not take place as anticipated.

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-23-11-22-26_FF.png Size: 56 KB



Profit = 3pips
  • #7,655
  • Jul 23, 2015 11:05am Jul 23, 2015 11:05am
GBPCAD trade opened.
5/15 TMA lower band breached.
Possible continuation here since GBPCAD has been bearish short term.
Decided to wait for 1min TMA center to turn back to red before going Short

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-23-10-41-56_OPEN.png Size: 54 KB


GBPCAD closed as price reaches near round number

Attached Image (click to enlarge)
Click to Enlarge Name: MBT-2015-07-23-10-54-09_FF.png Size: 53 KB


Profit = 11pips
  • #7,656
  • Jul 23, 2015 11:10am Jul 23, 2015 11:10am
Today activities:

USDJPY = 09 pips
NZDUSD = 02 pips
GBPUSD = 15 pips
USDCAD = 03 pips
GBPCAD = 11 pips

Total Profit = 40pips
  • #7,657
  • Jul 23, 2015 11:53am Jul 23, 2015 11:53am
it has appeared that this thread has veered off its original course
  • #7,658
  • Jul 23, 2015 11:58am Jul 23, 2015 11:58am
Quote
it has appeared that this thread has veered off diverged from its original course
I'll get my coat
Attached Image
  • #7,659
  • Jul 23, 2015 12:01pm Jul 23, 2015 12:01pm
Quoting honestknave
{quote} I'll get my coat {image}

Lol..
Memories caught in time but never forgotten
  • #7,660
  • Edited 1:24pm Jul 23, 2015 1:13pm | Edited 1:24pm
First trade following all the signals and tools as mentioned so far in this thread.

NZD/CAD Short + 9 pips profit.

Hardest I've ever had to work for 9 pips but I guess if you're able do this a few times a day!

15 minute and 5 minute TMA both in a bearish trend. Price pulled up to the 5 and 1 TMA bands. Waited for the HMA to turn red, a bearish candle to close over the trend line, and the CCI to turn bearish from an overbought position!

Took profit as it hit the lower 5 TMA band and price was losing momentum. Price started reversing as soon as it hit this level.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCAD 2307.PNG Size: 61 KB


Stop loss put to 5 pips, so near enough a 1:2 Risk/Reward ratio.
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