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The7 Trading System

Quoting cmeldatrader
{quote} Here you go indi according to your basic rules (description included in attached zip file) for playing around with it. hope you enjoy ...any further suggestion will be welcome...thanks THE7 regards {file}
If you superimpose the 5EMA H&L on your channel of ema's they do not line up. Please explain why the difference and does it really matter? You might be getting some wrong signals since they do not line up.

Thanks for your indicator.
here's an idea for us all...

How about a Sunday afternoon (New York Time) rundown of pairs that look like there is an entry and why, or why not to take it. Then, in order to avoid the typical Sunday night/Monday morning head fake, look to enter Monday evening if the trade still looks viable.

Thoughts or interest anyone??
Quoting glippmann
here's an idea for us all... How about a Sunday afternoon (New York Time) rundown of pairs that look like there is an entry and why, or why not to take it. Then, in order to avoid the typical Sunday night/Monday morning head fake, look to enter Monday evening if the trade still looks viable. Thoughts or interest anyone??
good idea!
[quote=Silat50;6604131]{quote} Pprsper, I am the first to admit that the way "I" now trade it, the style did become discretionary. And I certainly understand how people would want exact rules. But I am also the first to admit that I am not willing to bet my entire trading acct on just these rules. The results in the beginning warranted it...the results now, while still good, do not. -) Dont get me wrong, I loooove this system, I just find that following the route of the bands rather than the previous bars h/l has become for me more profitable. And some weeks it is not. Im not the best trader here by any means. I just know when something feels "off" to me. And this system stopped being as dependable as it once was. Although I pity the guys who trade against it. (smile) What maybe you could propose to the board, is every one of us make up our own 7 system. It has to be "almost identical to this but with a couple or 3 small changes. And then we can follow that with a trade explorer in a paper acct and see how we all do........AND STILL FOLLOW THIS TOO. i TRULY THINK THE MARKET MAKERS WERE TOYING WITH US FOR A WHILE AND LET US WIN. THEY KNOW DAMN WELL MOST PEOPLE WHO ARE SWING TRADERS PLACE THEIR STOP ABOVE OR BELOW THE PRIOR DAYS H/L, DONT YOU THINK? Do you have any other ideas?

Prosper, I admit that this system could not lose 2 trades in a row when it was introduced to us, but 2 months later, it seems the "only" way it could be profitable, was with discression. I must be honest and say that if by now i am not convinced it can work profitably by itself, yet work fabulously with a bit of descression....I want to trade that syste. Ive done very well with this system. First following it rote, then 2 months later with discxression. You bet Id like an automatic buy/sell follow the blue arrows type system. We almost had that here for a while....almost. bUT DONT THROW THE BABY OUT WITH THE BATH-WATER! This system has huge potential. Its just way too symple, and way to easy in its stop loss system to just tweak a bit here and htere and walla! Has anyone even bothered to see what the results are if you allow 2 winning days before moving the stop? No one has even done that much! So we really cant blame the system entirely. -)
I'm to this thread, but I've been looking at this strategy, and it seems as if combining the trend, support and resistance, and candle stick patterns this could be a very powerful system. I've noticed whenever all three line up with the original rules of this strategy, this could be extremely profitable
I've been getting hammered with this system this week. Anyone else doing OK? Trying to determine what I'm doing wrong
Sweet and simple way to trade
-happyTrading, maaj-
Quoting Davit
Here is my take Flaw in the system is when starter of this thread suggests trading as many pairs as possible.Wrong. One needs to understand correlations better and once understood focusing just few important pairs like Euro will make other pairs unnecessary to trade because of correlations. Going large on key spots is lot better then scattering random orders hoping (pro-traders never hope)that one of them will become a runner. For example I trade 80% only UCAD and know it thoroughly.I know about everything relating to Canadian currency,interest...
Wow one of the very knowledgeable persons in this industry.
Quoting Silat50
NOTES FROM A PRO SYSTEM TESTER: Gentlemen, I would love for us all to get on the same page here. I have tested more systems and even mental strategies than most of us have hair on their head. We seem to have confusion just on how this system is supposed to be implemented. If I am wrong, then my way is very profitable anyway, and I will share it with you. This is the only way you can play this without it being a different system altogether. Lets use a short trade as a rule: 1 or most often several green candles take us up and thru the top band. The...

Great post..nicely said .
-happyTrading, maaj-
Quoting maaj
{quote} Great post..nicely said .
Welcome majj. First off, what exactly are you going to share with us. Where is it. The pozza is getting cold my man. lol Secondly, the inventor of this system imho was not wrong to play many pairs. Just lok at the jpy. You think one pair did nearly as good as the USD against the JPY? nO. But we ddint know that. We also didnt know that aud and cad wouldnt move together anymore and we didnt know the eur and gbp wouldnt either. Will they ever go back, who knows. Dofferent game with different players and if you want to play as if nothing ever changes, and for the fibonacci boys they bet their life on that go ahead. Not me. Once the japs started interferring wit the natural order of things we never saw it coming....al the other markets changing behavior too. Besides this is a system to be played one chart at a time. You all know how well I do when I keep ot simple like that. I may not be back for a while. Good luck to all. I do say im a bit disappointed that all weve got are guys either coming here for a week, not asking for any help and then leaving, or....guys who want to make the system better when they havent proved they can make it work in the first place. Between here and the 7 system picks thread have I ever had 2 losing trades in a row? Yet, its too much trouble to learn how I trade. I told all of you to keep a diary of every trade you take and we can discuss it in a chat room at end of week. Anyone do it????????????? Then Paul leaves us abandonded here and just goes his own way, Talk about no love here at all.

Honestly, I need to be in a trading room where you have like 5 guys and everyone has an exact thing they are responsible to do. Just like a real Forex Hedge fund .What a concept. This aint funny guys. Alone we perish, united we stand. But isnt it best if you come in and show us your explorer first before you become the teacher. I did that already. My record here stands on its own. Just looking at my screen shots are pretty sick.
Quoting Silat50
{quote} Welcome majj. First off, what exactly are you going to share with us. Where is it. The pozza is getting cold my man. lol Secondly, the inventor of this system imho was not wrong to play many pairs. Just lok at the jpy. You think one pair did nearly as good as the USD against the JPY? nO. But we ddint know that. We also didnt know that aud and cad wouldnt move together anymore and we didnt know the eur and gbp wouldnt either. Will they ever go back, who knows. Dofferent game with different players and if you want to play as if nothing ever...
First of all silat i never abandoned anyone. Im dealing with some personal issues that needed my attention. I am always a post or email away and you can see.
Very interesting trading system, simple and sweet.
Alot going on with the AUD
what do u think about:
http://s42.radikal.ru/i095/1306/4d/123a91dd6367.jpg
Quoting xlitang
{quote} When TMA >=0.4 BuyOnly. TMA <=-0.4 SellOnly.
what if i use TMA on 15M chart . what are rules then.
Thanks
Quoting sourab
{quote} what if i use TMA on 15M chart . what are rules then. Thanks
There are no rules for lower time frames. It is strictly done on daily. but please if you try it out keep us posted.
Quoting angli4anin
what do u think about: {image}
Id leave it alone. But what I have been using for pass couple of days is the heinken ashi smooth indicator to help with fake outs and/ or indecisions. So far so good. The settings for the has are 2632. hope it helps.
Hi Guys,
I've been using this system on binary trading and it's really doing well.
I don't care if the candle is outside or not...
All I do is trade the 15 minute time frame and trade with the trend on pull backs and look for the opposite cadle..
If the trend is flat I don't trade, it MUST be UP or DOWN.
Cheers !
Attached Image
Quoting bobhowson
Hi Guys, I've been using this system on binary trading and it's really doing well. I don't care if the candle is outside or not... All I do is trade the 15 minute time frame and trade with the trend on pull backs and look for the opposite cadle.. If the trend is flat I don't trade, it MUST be UP or DOWN. Cheers ! {image}

binary trading brokers are very tricky, to say the least....who are you using?
I was using Binary.com with no probs then moved to a local one here in Australia highlow.net
The Australian regulations are very strict over here so I'm confident of High Low.
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