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Ahmed Maher: The Fox Wave

  • #101
  • Sep 1, 2015 6:44am Sep 1, 2015 6:44am
Quoting thefox91
{quote} I suggest you read the pdf again carfully or read comments here, 3 bullish waves = Bearish wave. and in Golden Time I dont depend on confirmation pattern type.cheers
ok got it. thanks.
  • #102
  • Sep 1, 2015 12:02pm Sep 1, 2015 12:02pm
actually, im not sure when to use confirmation pattern or not in GOLDEN TIME. in the pdf at the last few pages, it is stated that we should do a confirmation pattern check before entry, but referring to some of the posts stated by the thread-starter, there is no need for confirmation pattern in GOLDEN TIME. im confused!
  • #103
  • Sep 1, 2015 1:45pm Sep 1, 2015 1:45pm
Fox, take a look on my setup today. Is everything is by Your rules?


https://gyazo.com/5e08215ee134e05f2c10596681a043ea.png
  • #104
  • Sep 1, 2015 2:09pm Sep 1, 2015 2:09pm
No mention of where to put your stop loss. You mention either a 1:2 or a 1:1 risk reward ratio but didn't indicate where i should take profit or where my SL should be.
  • #105
  • Sep 1, 2015 2:31pm Sep 1, 2015 2:31pm
Quoting forex_fairy
No mention of where to put your stop loss. You mention either a 1:2 or a 1:1 risk reward ratio but didn't indicate where i should take profit or where my SL should be.
With Golden Wave RR=1:1
SL = TP = distance from higher price to lower price (in pips) from first 9 candles of the day
  • #106
  • Sep 1, 2015 2:57pm Sep 1, 2015 2:57pm
Quoting menpowerup
actually, im not sure when to use confirmation pattern or not in GOLDEN TIME. in the pdf at the last few pages, it is stated that we should do a confirmation pattern check before entry, but referring to some of the posts stated by the thread-starter, there is no need for confirmation pattern in GOLDEN TIME. im confused!
Actually if you have read the book carefully and even read the posts here you wouldn't be confused. I have said multiple times that in Golden Time we don't need confirmation to be the same type of wave any type will be our entry trigger to the direction of Golden wave regardless its type.
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  • #107
  • Sep 1, 2015 3:07pm Sep 1, 2015 3:07pm
Quoting forex_fairy
No mention of where to put your stop loss. You mention either a 1:2 or a 1:1 risk reward ratio but didn't indicate where i should take profit or where my SL should be.
as my advice before I suggest you read the book again, you can ask as you want and I will be very glad to answer multiple times but kindly don't say I didn't mention it.cheers
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  • #108
  • Sep 1, 2015 3:13pm Sep 1, 2015 3:13pm
Quoting laksior
Fox, take a look on my setup today. Is everything is by Your rules? https://gyazo.com/5e08215ee134e05f2c10596681a043ea.png
Great work man, I see now you are well trained to it..if I may be away from thread for a while you can continue this thread
yesterday was great profitable with these 4 pairs, today we have losses yet anthor day to be recovered. cheers
  • #109
  • Sep 2, 2015 3:01am Sep 2, 2015 3:01am
tested it on 4 different pairs and they all started out ok but towards closing of the day all were negative.
  • #110
  • Sep 2, 2015 4:57am Sep 2, 2015 4:57am
Great technique Fox, Just curious when the Fox Wave and the golden time give us the opposite direction, which one we have to follow then? by the way, EU and AU give green pips right now.. cheers..
  • #111
  • Sep 2, 2015 5:01am Sep 2, 2015 5:01am
Quoting forex_fairy
tested it on 4 different pairs and they all started out ok but towards closing of the day all were negative.
yep, the waves are present in all pairs and it does not guarrante winner trading just like other indicators and strategies.
  • #112
  • Sep 2, 2015 6:23am Sep 2, 2015 6:23am
Quoting forex_fairy
tested it on 4 different pairs and they all started out ok but towards closing of the day all were negative.
Quoting mario777
{quote} yep, the waves are present in all pairs and it does not guarrante winner trading just like other indicators and strategies.
Forex fairy: I'm not sure your are doing it well as you just recently didn't know where to put limits & stops and we didn't leave trades till close of the day only if they didn't reach their targets nor hit its stops and I'm not sure of 4 pairs did this in one day. even though you may see some profit on same pairs the day before/after. cheers

mario777: yes, sure my systems is like any system has loses and it's clear for all. nothing can be perfect 100% and we all should believe in that, it's always about the ratio between loses and wins thats what makes difference between systems.

For you both guys: if you don't like the thread you can kindly just unsubscribe to it or even don't give a look to it. because I don't like who are talking always in the negative side trying to underestimate something and we don't hear them when it wins. many of winning entries put here if you didn't notice. cheers.

for All of you guys: I always believe there's nothing useless in this market, it's just about who use it and when he use it. a profitable system for me which start to make profit from 51% and have 49% loss because this 1% will make you profit in long term. as you should all believe we shall always have losses but the idea how we can recover them. you may find a Trading system that guarantee 60%-70% wining ratio but you can enhance it to reach its best by a proper money management plan and this called trading skills as it's not always about Trading systems. cheers
  • #113
  • Sep 2, 2015 6:27am Sep 2, 2015 6:27am
Quoting achaioniz
Great technique Fox, Just curious when the Fox Wave and the golden time give us the opposite direction, which one we have to follow then? by the way, EU and AU give green pips right now.. cheers..
this may be rare as Golden time is for lower time frames but if you are talking about applying normal Fox wave also on lower TFs you will have both entries on this case as high volatility of lower frames may respect both but sure Golden time will be fater than normal one.cheers
  • #114
  • Sep 2, 2015 8:49am Sep 2, 2015 8:49am
GBPUSD and EURUSD are winners today, thanks again for a good strategy.
  • #115
  • Sep 2, 2015 5:19pm Sep 2, 2015 5:19pm
I have been waking up for nearly Two days now trying to make something to enhance the Golden wave for better result. for those who are well trained to it now if you have notice in the 2:1 sub waves case when we have two same sub waves and one opposite sub wave sometimes price respect this opposite one only and go with it ignoring the two same ones. I have tried a lot to make a SWITCH to tell us when to respect the two same sub wave or only respect the opposite lonely one. attached is first idea of this switch. I have tested it on some pair and have a good result, soon will approve it to be added to Golden Time.
want you all to back test it on different pairs an tell me the result.
Btw we didn't stop trading with Golden Time, keep posting entries till I completely make this switch.cheers
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  • #116
  • Sep 2, 2015 6:40pm Sep 2, 2015 6:40pm
thefox91,

Very interesting observations. I will provide my feedback from backtesting
  • #117
  • Sep 3, 2015 9:12am Sep 3, 2015 9:12am
EU Sell, GU Sell, GJ Sell and EA Sell. All tps hit. Green day
  • #118
  • Sep 3, 2015 9:48am Sep 3, 2015 9:48am
Quoting thefox91
{quote} {quote} Forex fairy: I'm not sure your are doing it well as you just recently didn't know where to put limits & stops and we didn't leave trades till close of the day only if they didn't reach their targets nor hit its stops and I'm not sure of 4 pairs did this in one day. even though you may see some profit on same pairs the day before/after.

hi in your file you say to close the trade after the end of the day which i did. It didn't state when to take profit. I was in the positive when i took the 4 trades and let's see around i think 5 hours into the day after the 1st 9 hours had already shown i was in the green. Towards the close of the day that is the end of the day all 4 were in the red.
  • #119
  • Sep 3, 2015 9:49am Sep 3, 2015 9:49am
Quoting earlroy63
EU Sell, GU Sell, GJ Sell and EA Sell. All tps hit. Green day
which system u use? Foxwave or goldern foxwave?
  • #120
  • Sep 3, 2015 10:31am Sep 3, 2015 10:31am
Quoting forex_fairy
{quote} hi in your file you say to close the trade after the end of the day which i did. It didn't state when to take profit. I was in the positive when i took the 4 trades and let's see around i think 5 hours into the day after the 1st 9 hours had already shown i was in the green. Towards the close of the day that is the end of the day all 4 were in the red.
my (file) said if trades didn't hit its targets or stops we shall then leave it until end of the day. we didn't leave them only in this case. if you just see the screen shots I quoted from it in previous comments you will know. so for third time I suggest you read it again.
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