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Attachments: When Price is UP, buy; when Price is Down, sell short...
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When Price is UP, buy; when Price is Down, sell short...

  • #461
  • Dec 3, 2015 8:15am Dec 3, 2015 8:15am
Quoting sunshine
red news in the fore noon for GBP and after noon for EUR & USD
Hi sunshine,

All entries are closed. In maximum orders, SL triggered. Remaining 1 or 2 orders in each pair closed manually to relax .

Due to the minimum lot size, the loss is too small and BE triggered to earn profit. Total is profit

Thanks for your idea and guidance .
Bendz
  • #462
  • Dec 3, 2015 10:00am Dec 3, 2015 10:00am
Quoting sunshine
{quote} hello rics, you most welcome and good luck. i will try to use simpler and easy words from now on. yes, you must wait for the bar to close that is forming the trading signal. if you find something is not clear then please ask me to explain and i will try to make clear to you in a different way and style. that is why i prefer to use pictures of charts because when u read the words they may not be clear to...
Thank you brother ,, honestly I still have not read the whole of this system, but from what I read so far I conclude that the key is PATIENCE ,, because the timeframe used big enough ,, This is my first question,,can I applying this system on a smaller timeframe? for example H4 to detect trends and M15 for entry ,, have you ever tried it? Thanks in advance
sorry if my English mess!!
  • #463
  • Dec 3, 2015 11:14pm Dec 3, 2015 11:14pm
Quoting Bendz
{quote} Hi sunshine, All entries are closed. In maximum orders, SL triggered. Remaining 1 or 2 orders in each pair closed manually to relax . Due to the minimum lot size, the loss is too small and BE triggered to earn profit. Total is profit Thanks for your idea and guidance . Bendz
excellent,

got a meeting to attend in less than an hour but i really want to point out one pair in particular, the GBPAUD.
please pull up your Monthly chart;

  1. look at the GEOT or General Overal Trend...which direction is it pointing ??? Up or Down ?
  2. Up, right ? but the last Mthly bar closed down...and that is what we have been trading up to now.
  3. again... the GEOT is ??? UP
  4. which means we take our entry signals from the Daily tf... what signals ? ...
  5. we are on the lookout for Buy Setups, right ?
  6. so switch to the Daily now,
  7. what is apparent, what can you see ? which way did the Daily price close ?

EDIT: the white line through yesterdays candle is the 50% of its range of yesterday, basically acts as an alert to notify to consult lower tf's for entry signals.
what am i saying ?
i am saying that from today i will look for Buy Setups and entries in the Daily. see chart below, i may be wrong and/or too early but i got a long probe in. got to go now, will check in again later this after or evening, God willing.

Attached Image
  • #464
  • Dec 3, 2015 11:19pm Dec 3, 2015 11:19pm
lots of red news later this afternoon for CAD & USD, be careful.
  • #465
  • Edited 11:31pm Dec 6, 2015 1:50am | Edited 11:31pm
so the Puppet Masters had a field day on thursday and friday, and the MM, other central Banksters and inter-bank dealers that were long the EURUSD ripped the speculative short bias to threads....very nicely done, a +450 pip move on thursday.(see image below) that move is almost guaranteed to take out the majority of shorts thereby clearing their books and filling their coffers nicely, well done !

what can we expect this week ? i don't know...but i do have trading candidate for this coming week of December.
Attached Image
  • #466
  • Edited 3:18am Dec 6, 2015 2:43am | Edited 3:18am
let's put up 4 Daily charts, 3 are already in buy mode and the last one on the right hand side still is in sell mode, solidly so, but why is my long bias tingling.. ???
there is no buy sign, infact, there is a Sell signal present in the Daily. so for now it is moved to my watch list. (Bendz u reading this ?)

those of u familiar with my Line Chart Method on this thread will recognise the breaks of the LSH's.
when price broke these LSH's and closed above them, it gave us permission to trade buys intraday and also trade off the Daily signal for longer holding periods.
from one to several days, this timeframe for holding trades are known as Swing Trading.

EDIT: i forgot to include the 4th chart, will do in separate post.
Attached Image (click to enlarge)
Click to Enlarge Name: Trading Candidates for nxt Week sun6Nov.png Size: 28 KB
  • #467
  • Dec 6, 2015 3:01am Dec 6, 2015 3:01am
Quoting sunshine
{quote} excellent, got a meeting to attend in less than an hour but i really want to point out one pair in particular, the GBPAUD. please pull up your Monthly chart; look at the GEOT or General Overal Trend...which direction is it pointing ??? Up or Down ? Up, right ? but the last Mthly bar closed down...and that is what we have been trading up to now. again... the GEOT is ??? UP which means we take our entry signals from the Daily tf... what signals ? ... we are on the lookout for Buy Setups, right ? so switch to the Daily now, what is apparent,...
Hi sunshine,
Got it. Now, I'm watching gbpaud. I'm comfortable with sell trades .
But, I'm confused with Buy .
Thanks and I'll update soon.

Regards,
Bendz
  • #468
  • Dec 6, 2015 3:07am Dec 6, 2015 3:07am
Quoting sunnyfarm
I am not very good on the computer. However, I am sure you are able to open the Attachment below. I made some correction from my last projection. Please note you should always make up your own mind and not rely on somebody else. ..Can be deadly. Fred {image}
thank you Fred for your chart and advice.
  • #469
  • Dec 6, 2015 3:14am Dec 6, 2015 3:14am
Quoting Bendz
{quote} Hi sunshine, Got it. Now, I'm watching gbpaud. I'm comfortable with sell trades . But, I'm confused with Buy . Thanks and I'll update soon. Regards, Bendz

you are not confused... look at what your chart is telling u.
my posting was trading direction after thursday closed, i.e. for friday... but friday closed down so we are back in sell mode.
i will address this shortly with a chart and some additional info.
  • #470
  • Dec 6, 2015 3:23am Dec 6, 2015 3:23am
here it is
just changed the format to make it clear and to compare with previously posted 3 charts and this time i included the 4th chart, GBPAUD
Attached Image (click to enlarge)
Click to Enlarge Name: Trading Candidates2 for nxt Week sun6Nov.png Size: 34 KB
  • #471
  • Dec 6, 2015 3:52am Dec 6, 2015 3:52am
Quoting sunshine
here it is just changed the format to make it clear and to compare with previously posted 3 charts and this time i included the 4th chart, GBPAUD {image}
Hi sunshine,

Got it and watching charts. Thanks for your effort
  • #472
  • Dec 6, 2015 10:00pm Dec 6, 2015 10:00pm
Quoting Bendz
{quote} Hi sunshine, Got it and watching charts. Thanks for your effort
hi Bendz,

u welcome. do whatever u feel is comfortable for u but stick to your strategy and time frames or u may end up confused.

so, if u are more comfortable selling than buying then stick to that.
  • #473
  • Edited 10:42pm Dec 6, 2015 10:03pm | Edited 10:42pm
red news coming up later in the morning for JPY and then in the afternoon we have the GBP, so manage your trades accordingly or stay out until after.
  • #474
  • Edited 11:06pm Dec 6, 2015 10:35pm | Edited 11:06pm
Quoting rics
{quote} Thank you brother ,, honestly I still have not read the whole of this system, but from what I read so far I conclude that the key is PATIENCE ,, because the timeframe used big enough ,, This is my first question,,can I applying this system on a smaller timeframe? for example H4 to detect trends and M15 for entry ,, have you ever tried it? Thanks in advance
hi rics,

the answer is yes. u can scale down the strategy as i have mentioned a few times before.

this is what i found to works well, please don't jump around from one timeframe combination to another because i can tell u now that confusion will slowly enter your bias thus messing up your confidence to take the signals and once in a trade to sit tight until conclusion.

here are the 2 main time frame combinations:

  1. Monthly trend indicator>>>Daily signal generator...M+Dly
  2. Weekly trend indicator>>>4hrs signal generator...W+4hrs

​the retracement time frame combination:

  1. Daily trend indicator>>>1hrs signal generator...D+1hrs

​the intra day time frame combinations:

  1. 4hrs trend indicator>>>30mins signal generator...4hrs+30mins
  2. 1hrs trend indicator>>>15mins signal generator...1hr+15mins

​​the scalping time frame combinations:

  1. 30mins trend indicator>>>5mins signal generator...30mins+5mins
  2. 5mins trend indicator>>>1min signal generator...5min+1mins

​please do make time to browse through the thread, it's not long and most of it is images.

  • #475
  • Dec 7, 2015 2:31am Dec 7, 2015 2:31am
AUD/USD need to close above 7344 or this Pair is ready to go South. We have a double Top at 7382 need to say more? Please do not follow my trading as I am known to be wrong at times. Just my thoughts.

Fred
  • #476
  • Dec 7, 2015 10:58pm Dec 7, 2015 10:58pm
Quoting sunnyfarm
AUD/USD need to close above 7344 or this Pair is ready to go South. We have a double Top at 7382 need to say more? Please do not follow my trading as I am known to be wrong at times. Just my thoughts. Fred
hello Fred,

thank you. i'm not trading the Ozzie yet, however, i do have a BuyStop order in it's neighbour, the NZDUSD as u can see from the 4hr chart that will be posted hereafter
  • #477
  • Dec 7, 2015 11:10pm Dec 7, 2015 11:10pm
below are some open long trades and the reasons why some of them were taken.
note the time frames are different and the chart format are different, some are in bar chart format others are in Line format to better illustrate and make clear certain concepts.

some reasons are:
(1) an up close of the previous bar or
(2) a break above and close above the LSH Close or
(3) a close in a higher timeframe above its LSHclose thus permitting us to look for buys in it's lower tf partner.

there are 6 buys with 2 buystops, these buystops -especially in the 4hrs- may be moved down depending on the price pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: 6 buys+ 2 BuyStops witPT tues 08Dec.png Size: 37 KB
  • #478
  • Dec 7, 2015 11:28pm Dec 7, 2015 11:28pm
red news today in fore noon for CABLE, GBPUSD, and in the late afternoon for the Loonie, USDCAD, and again in the evening for the same pair.
  • #479
  • Dec 7, 2015 11:57pm Dec 7, 2015 11:57pm
EURUSD 4hrs showing in purple the LSH Close
...now, if price closes above that line in the net 8 minutes then longs rule.
cross reference and check with how last week's bar close. (see today's posted Line weekly chart above)
as you can see from this 4hr chart, that tiny arrows shows that i have already booked profit from a buy. that buy had a TP target.
Attached Image
  • #480
  • Dec 8, 2015 12:28am Dec 8, 2015 12:28am
Quoting sunshine
{quote} hello Fred, thank you. i'm not trading the Ozzie yet, however, i do have a BuyStop order in it's neighbour, the NZDUSD as u can see from the 4hr chart that will be posted hereafter
correction Fred, just took an Intraday buy on the AUDUSD
Attached Image
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