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New profitable System - Sidus

  • #961
  • Aug 17, 2006 8:53pm Aug 17, 2006 8:53pm
G'day all,

Here's a trade on the aussie that I just exited. I entered with 3 lots and took 1 lot at the tunnel (+17), took another lot at the 1st fib (+49) and exited halfway to the next fib (+64) - i didn't think it had the legs to get there (I could be proven incorrect but it doesn't matter). All up +130. See attached chart.

Of course, these were micro lots and it was on a demo account, but 130 pips is 130 pips.

You'll notice on my chart that the RSI momentarily went below 50 on my entry bar before returning back above on the next bar. This is something that happens and we have to trust that the system will work itself.

Cheers,
Art...
Attached Image
  • #962
  • Aug 17, 2006 8:54pm Aug 17, 2006 8:54pm
The signals that were produced today were amazing. Too bad I had to be sleeping through all of them. If a person would watch price action when the signal happens, there would have been no losers today.
JOHN 3:16
  • #963
  • Aug 17, 2006 9:37pm Aug 17, 2006 9:37pm
I agree Ren.

Unfortunately, I only caught two of them. AUD and EUR/JPY. Both were positive. The AUD was by far the best. I did a bonehead thing and didn't raise my target profit enough for this one. So, I made a measily 22 pips.
  • #964
  • Aug 17, 2006 9:45pm Aug 17, 2006 9:45pm
Look at the last chart I posted in my journal. The one with eurusd. Look at the power of a little price action and the vegas tunnel. If you would have put in a 3 lot trade on this one, you could have made 292 pips.
JOHN 3:16
  • #965
  • Aug 17, 2006 9:49pm Aug 17, 2006 9:49pm
Quoting forexmonkey
I agree Ren.

Unfortunately, I only caught two of them. AUD and EUR/JPY. Both were positive. The AUD was by far the best. I did a bonehead thing and didn't raise my target profit enough for this one. So, I made a measily 22 pips.

FXM,

The best thing to do is have targets for your position but, don't take off the whole trade. Alsways leave some on the table. When I start to live trade again, I will have enough lots on a trade so I have my TP and when all TPs are hit, I will still have a lot left to use a trailing stop on.
JOHN 3:16
  • #966
  • Aug 17, 2006 9:50pm Aug 17, 2006 9:50pm
Welcome back, Sidus, it's nice to know that your watchfull eyes are behind all this excitement!
What You and Bagovino have created is not a Holly Grail for trading, but a good, friendly and generous community for traders, experienced and not so. I do not trade your method, but I backtest, or at least manually look up in the charts every single "new invention" here and I've learned a lot. Or, sometimes, when tired, I just drop in and read new posts to keep my juices flowing... a lot of great people here!

Thanks, both of you!

Reenasdad, as far as I know the only (not a custom) indicator that is not lagging is CCI.

Good day!
  • #967
  • Aug 17, 2006 9:56pm Aug 17, 2006 9:56pm
Wow this is great A1Cruiser. I think we might be onto something here.



Quoting A1Cruiser
Yardie,
I followed today's Philadelphia Fed Report trade with attention on your setup and it showed the worthy exit point properly.
  • #968
  • Aug 17, 2006 10:00pm Aug 17, 2006 10:00pm
Does anyone know if I can import certain currency pairs into my charts?What I mean is, My one set of charts are all messed up. The 1 hr bar closes at 20 minutes after the hour. I want to take a currency pair from those charts and import it to my other charts. Is it possible?
JOHN 3:16
  • #969
  • Aug 18, 2006 3:18am Aug 18, 2006 3:18am
Quoting bagovino
Renasdad,

Can you post that mtf channel. I dont see it here... It looks very useful for finding turning points. It seems using that in conjunction with fibs can be awesome! I trade using fib retracements religously. It's scarey how dead on they are. I can actually trade with no other indicators besides fibs... Using the 5/12 cross just triggers when to pull the trigger.
EUR/USD just punched the lower trendline of mftchannel. Is this you are referring to? Do you think this the turning point up or a breakthrough?

Bago, which custom indicators are you using for entries? There are so many in this thread.

nchosen
  • #970
  • Aug 18, 2006 3:23am Aug 18, 2006 3:23am
Quoting bagovino
Renasdad,

It seems using that in conjunction with fibs can be awesome! I trade using fib retracements religously. It's scarey how dead on they are. I can actually trade with no other indicators besides fibs...
Thats true and lets hope the new sidus method will incorporate the use of Vegas fibs.

Happy Trading!
Change Your Thinking. Change Your Life - JD
  • #971
  • Aug 18, 2006 4:51am Aug 18, 2006 4:51am
I sense the Gold rush has settled here with the ebb/flow of fresh information.
As I said before it is all a matter of individual perception. Any combination of indiactors will yield good trading.. So as long as the settings are primed per the time interval you are watching. Being as the actual control of the forex flow is cross breed between different currencies, this is your true indication of direction. As we find that the USD/YEN is opposit of the EUR/USD most all the time with the exception of a stronger tug from say the GBP/USD as that is the buddy currency to the EUR/USD or say the USD/CHF pulls against the USD/YEN as it is the buddy currency to the USD/YEN notice I call them buddy currencies as they complement each other in same overall direction. Now lets throw in a curve... EUR/JPY This a Part time lover to the USD/YEN sometimes it will compliment the USD/YEN as a buddy and on other occasions it will do it's own thing such as tonight and for some Morning.. 8-18-06 it had all time highs over-night while the yen and euro were basically at a total stand still.. KEY:::: watch the key bid offer levels for the currency you like to trade as well as the bid offer levels of the counter currency. This will explain to you total technical traders why you get whipsaws you can't figure out most of the time but not all as nothing is infinate with this ride called forex. The Big dogs like to run stops on each other and we sometimes get caught in the wake.. i.e. option expires a favorite chase down.. Perception is key to it all! You can program a million setups and if you can't see or at least reolize what going on out the runway, you trades will get run-down! A good portion of the time. You all have been told it's all about support and resistance I buy You sell Some hesitate then enter.. This all contributes to what we all know as the trend. Note the attached images as an example of mirrored effects on flow and stall dependant on in the currency or out of the currency influx

Keep it safe
Attached File(s)
File Type: zip chart images.zip   240 KB | 871 downloads
"Look Left Think Right"
  • #972
  • Aug 18, 2006 5:09am Aug 18, 2006 5:09am
Yardie,

I have been watching Sidus3 template since this morning again.
Today's bars of EURUSD, H1 are all sitting on the EMA (62), its interesting. Do you have any particular reason for using EMA (62)?
The market was choppy this morning. Now (10:00 GMT) the setup is about to give a sell sign. I'm curious and will follow the happening.
Good job!



Quoting Yardie
Wow this is great A1Cruiser. I think we might be onto something here.
  • #973
  • Aug 18, 2006 5:11am Aug 18, 2006 5:11am
Currency,

Why don't you post this in a new thread or something. This has nothing to do with sidus method at all. When I come to this thread, I am looking to read about this method, not to find posts that have nothing to do with it.
JOHN 3:16
  • #974
  • Aug 18, 2006 5:12am Aug 18, 2006 5:12am
Quoting A1Cruiser
Yardie,

I have been watching Sidus3 template since this morning again.
Today's bars of EURUSD, H1 are all sitting on the EMA (62), its interesting. Do you have any particular reason for using EMA (62)?
The market was choppy this morning. Now (10:00 GMT) the setup is about to give a sell sign. I'm curious and will follow the happening.
Good job!
A1,

Are you recording you trades? That actually goes for everyone. It would be a great idea for everyone to do. That is why I suggested posting trades with charts. That is gonna give us a much better idea of how well this works.
JOHN 3:16
  • #975
  • Aug 18, 2006 5:14am Aug 18, 2006 5:14am
G'day all,

Anyone else get signals to short USDJPY and EURJPY just now? I'm thinking of making it a trade condition not to take signals on bars with a range greater than 40 or so pips (most fo the move has already happened), but for the purpose of this exercise I took both trades:

USDJPY Short @ 115.53 - SL @ 115.93 - TP1 @ 115.28 - TP2 @ 114.93
EURJPY Short @ 148.20 - SL @ 148.56 - TP1 @ 147.73 - TP2 @ 147.43

We'll see how it goes...

Cheers,
Art...
  • #976
  • Aug 18, 2006 5:54am Aug 18, 2006 5:54am
Artamon the original EURJPY short signal came around 148.70. You missed the boat on that one. There were short signals showing on all the JPY pairs before that big fall caused by the PBOC interest rate announcement. I am long USDCHF at 1.2332 (ASK).
  • #977
  • Aug 18, 2006 6:20am Aug 18, 2006 6:20am
Quoting Yardie
Artamon the original EURJPY short signal came around 148.70. You missed the boat on that one. There were short signals showing on all the JPY pairs before that big fall caused by the PBOC interest rate announcement. I am long USDCHF at 1.2332 (ASK).
Yardie, if you took the trade at 148.70 then you took it prior to the bar closing (or the signal), and that's not correct. You're second-guessing the system. The whole purpose of my exercise is to let the SYSTEM tell ME when to enter. Like i stated above, I think i'll be making an exception to entering trades on big range bars.

Cheers,
Art...
  • #978
  • Edited 6:46am Aug 18, 2006 6:29am | Edited 6:46am
Hi guys,
Very good system. I use 5 and 13 EMA and I open a position on the next open.I don't open a position if the gap 5-13 is only 1 pip.Generally my stoploss is on the last swing. I'm only testing it for now.

Do you take a look at daily and weekly charts?If weekly and daily charts are in a downtrend do you open short position only?
  • #979
  • Aug 18, 2006 8:45am Aug 18, 2006 8:45am
I am using a combination of Sidus/Bagovino and the settings I posted a few pages back. Both said GO for eurjpy (and USDCHF as well which I close for a profit). I am not following any candle patterns for my trade other than avoid making trades when there is a long candle going in either direction (like the eurjpy situation).



Quoting Artamon
Yardie, if you took the trade at 148.70 then you took it prior to the bar closing (or the signal), and that's not correct. You're second-guessing the system. The whole purpose of my exercise is to let the SYSTEM tell ME when to enter. Like i stated above, I think i'll be making an exception to entering trades on big range bars.

Cheers,
Art...
  • #980
  • Aug 18, 2006 9:32am Aug 18, 2006 9:32am
any body ready to go long eurjpy?
JOHN 3:16
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