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New profitable System - Sidus

  • #901
  • Aug 15, 2006 11:43pm Aug 15, 2006 11:43pm
renasdad,

thanks for the reply. much appreciated. i'm looking at the EUR/USD 30 min chart now and there was a cross an hour back signalling a buy but the RSI has been at the 60 level since the news yesterday.
Failure is success if we learn from it. Malcolm Forbes
  • #902
  • Aug 15, 2006 11:44pm Aug 15, 2006 11:44pm
Quoting bagovino
You have to use common sense and make sure it's not trading in a range. If price is tight, look for a cross with a break out. Then you take a position.
This is why an EA would suck for this. It would take every single trade even if price was in a tiny little range as long as the 5/12 and RSI/50 cross.
JOHN 3:16
  • #903
  • Aug 15, 2006 11:46pm Aug 15, 2006 11:46pm
Renasdad

Which pairs are u watching?

Also to sidus, are u still around?
  • #904
  • Aug 16, 2006 12:03am Aug 16, 2006 12:03am
Stricko,

The charts I post in my journal thread are the ones I am watching. The main ones I am really watching are,
EURUSD
USDCHF
EURJPY
NZDUSD
AUDUSD
JOHN 3:16
  • #905
  • Aug 16, 2006 1:22am Aug 16, 2006 1:22am
this system is amazing
from now on im in this thread

MORE PIPS FOR YOU
  • #906
  • Aug 16, 2006 6:44am Aug 16, 2006 6:44am
Further improvement on the Sidus/Bagovino system? This may help us with exits. I got it from another forum.

1HR Chart
EMA 5,13,62
MACD default
Stoch 15,9,3
  • #907
  • Aug 16, 2006 6:52am Aug 16, 2006 6:52am
Hey Bago,

Didn't Sidus said he was working on Sidus II ?

Could you post an update of your settings ?

Happy trading!
  • #908
  • Aug 16, 2006 7:12am Aug 16, 2006 7:12am
Renasdad,


I like the 1 hr myself... If you remember way back when I first posted I said I used this on the 1 hr chart. I mentioned that is what Prosignal does because I signed up for a free trial with them and everytime the 5/12 crossed it generated a signal on their software. So you are right, there is atleast a 75% win rate on the 1Hr. I zoomed into the 30 min for Sidus entry.

I like to zoom out to the weekly, daily, 4hr and then try to trade that general direction... How about yourself?

As far as the new Sidus system.... I dont know when it's coming out. I never spoke to the man. He left this thread long ago!!!

I'd like to just concentrate on the 5/12 21 RSI 1hr system as that will encompass the whole sidus system anyway! I dont find the Sidus system too useful. It keeps you out of many great trades!

Bagovino
"Skills pay the bill's!"
  • #909
  • Aug 16, 2006 7:27am Aug 16, 2006 7:27am
Bago,

I remember you taking about those free signals you were getting. You are the one that added the RSI/50. I very much appreciate that. It definitely saves on some bad trades. For entry, I would look for price to be either near the Vegas tunnel or at the outter fib levels. I am also looking at using the mtfchannel indicator that peterdxb uses. When price/Tunnel/and the channel all line up, it is a very nice setup. It will require much more forward testing though. On the 1 hr charts, I use a 4 hr channel and a daily channel.

If you look at the first NZDUSD chart in my thread, that is exactly what happened. price bounced off tunnel and 4 hr channel and the daily channel was close by. Both channels were pointing up.


And just like you Bago, I like to zoom out on the longer time frames and see the longer term trend. That is what the mtf channel does too. It's like clock work sometimes.
JOHN 3:16
  • #910
  • Aug 16, 2006 7:36am Aug 16, 2006 7:36am
Here is what I am talking about with the tunnel and the channels.
Attached Image
JOHN 3:16
  • #911
  • Aug 16, 2006 8:38am Aug 16, 2006 8:38am
I have made a observation about the sidus method, tell me what you think aobut it. I have been using the sidus method on the 1hr chart with success but I have been exiting my positions before economic reports have come out. But it seems to me that the market is always moving in the same direction after the reports come out as it was before they came out. I am not sure if this is because the market has been correct in predicting what the reports would be or if this is just coincidence. Let me know what you think
  • #912
  • Aug 16, 2006 8:38am Aug 16, 2006 8:38am
Bagovino I think you are being a bit harsh here. It was Sidus who really got the ball rolling afterall. Anyhow I think your system is good..but we need to find a good exit strategy. I dont think we have found that a definitive one as yet. I think the settings I post above may help.



Quoting bagovino
Renasdad,


I like the 1 hr myself... If you remember way back when I first posted I said I used this on the 1 hr chart. I mentioned that is what Prosignal does because I signed up for a free trial with them and everytime the 5/12 crossed it generated a signal on their software. So you are right, there is atleast a 75% win rate on the 1Hr. I zoomed into the 30 min for Sidus entry.

I like to zoom out to the weekly, daily, 4hr and then try to trade that general direction... How about yourself?

As far as the new Sidus system.... I dont know when it's coming out. I never spoke to the man. He left this thread long ago!!!

I'd like to just concentrate on the 5/12 21 RSI 1hr system as that will encompass the whole sidus system anyway! I dont find the Sidus system too useful. It keeps you out of many great trades!

Bagovino
  • #913
  • Aug 16, 2006 8:42am Aug 16, 2006 8:42am
Here is a chart attached.


Quoting Yardie
Further improvement on the Sidus/Bagovino system? This may help us with exits. I got it from another forum.

1HR Chart
EMA 5,13,62
MACD default
Stoch 15,9,3
Attached Image
  • #914
  • Aug 16, 2006 10:22am Aug 16, 2006 10:22am
looks good .... could you please post those bottom indicators ... so I and others can try them. I do not know how to make them from scratch. Thanks!

Quoting Yardie
Here is a chart attached.
  • #915
  • Aug 16, 2006 10:29am Aug 16, 2006 10:29am
UT2DaMax. THe MACD indicator and STOCHastic Oscillator indcator can be found under the indicators list in the Navigator of mT4 (same list where you find the Moving Average indicator). If you know how to install a template (.pl) file I can post my template here.



Quoting ut2DaMax
looks good .... could you please post those bottom indicators ... so I and others can try them. I do not know how to make them from scratch. Thanks!
  • #916
  • Aug 16, 2006 10:34am Aug 16, 2006 10:34am
Yardie - have you ditched the RSI21 then?
TRADE FOR SWAP
  • #917
  • Aug 16, 2006 10:40am Aug 16, 2006 10:40am
CGLDSmith. I have really ditched anything as yet. I added the new indicators for discussion purposes and to see if they are better for entries and exits...especially exits.

Quoting cgldsmth
Yardie - have you ditched the RSI21 then?
  • #918
  • Aug 16, 2006 10:42am Aug 16, 2006 10:42am
Renasdad,

I was looking over your chart in post #858 where you have your entry arrows. According to the third arrow from the left (a short entrance) you didn't wait for the 5 to cross below the 12. Am I missing something. Also, after your first entrance short (from the left) you have a 5 cross above the 12 without an arrow. Shouldn't that constitute an arrow also?

Thanks for your help.

mrLogik
  • #919
  • Aug 16, 2006 10:43am Aug 16, 2006 10:43am
Seems these EMA cross methods get a ton of response. I'm currently reading this one and the Bunny Girl method on another forum. Lots of great information.
  • #920
  • Aug 16, 2006 11:12am Aug 16, 2006 11:12am
Hmmm ..... I dropped a MACD with the same 12 26 9 but is sure is not the same visually. I use old lace background, ... and blue . Yes I do know how to file a template. thanks



Quoting Yardie
UT2DaMax. THe MACD indicator and STOCHastic Oscillator indcator can be found under the indicators list in the Navigator of mT4 (same list where you find the Moving Average indicator). If you know how to install a template (.pl) file I can post my template here.
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