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New profitable System - Sidus

  • #1,041
  • Aug 21, 2006 8:16am Aug 21, 2006 8:16am
Try this one. It has ema cross and rsi.

Yardie


Quoting Artamon
You've mentioned this before Yardie but the only EA i found does not resemble the Bagovino system at all. It was done based on Sidus' system when it was first proposed.

If you have anything different from this please provide a link to it as I cannot find it.

Cheers,
Art...
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File Type: zip EMA_Cross.zip   1 KB | 685 downloads
  • #1,042
  • Aug 21, 2006 8:48am Aug 21, 2006 8:48am
Thanks Yardie. I'll check that out.

I got a signal on the USDJPY to go long so I entered at 115.745. SL of 30 pips. TP is at 116.10 (first fib line above tunnel). I will be taking all profit at this point as, it seems, I will not be awake as this trade plays out.

Cheers,
Art...
  • #1,043
  • Aug 21, 2006 10:15am Aug 21, 2006 10:15am
Just opened a demo account with a broker that uses Metatrader 4. Can one post the latest Sidus indicator?

thanks...
  • #1,044
  • Aug 21, 2006 10:36am Aug 21, 2006 10:36am
Any one getting ready to go long usdchf and short eurusd?
JOHN 3:16
  • #1,045
  • Aug 21, 2006 10:42am Aug 21, 2006 10:42am
Betwixt and between 1:30 a.m. and 2:30 am Monday, I paper-traded cable long at 1.8855, based on Sidus' system, using 5,8 wma and 18,28 ema. Haven't gotten to the fib and tunnel stuff (yet).

Low and behold this thing moved in excess of 100 pips! Ordinarily I would have simply bought it "live", but as a newstrader accustomed to 90 second trades, I'll need time to adjust, improvise and dominate the concept of setting trades for the overnight markets and sleeping soundly.

But I must admit, this is a pretty cool supplement for news trading.

Thanks.
  • #1,046
  • Aug 21, 2006 10:49am Aug 21, 2006 10:49am
Quoting renasdad
Any one getting ready to go long usdchf and short eurusd?
New on this "techie" stuff" but on the cable 1h I see a pin, possibly signaling a short, which seems to be supported by the Sidus method. If correct, then IMHO shorting EUR/USD and long dollar-swiss would be consistent, I think. Please feel free to correct me if I missed something.
  • #1,047
  • Aug 21, 2006 10:53am Aug 21, 2006 10:53am
Moneymaster you are right. But things are a bit clearer on the30 minute. The 1 hour still look a bit longish.



Quoting MoneyMa$ter
New on this "techie" stuff" but on the cable 1h I see a pin, possibly signaling a short, which seems to be supported by the Sidus method. If correct, then IMHO shorting EUR/USD and long dollar-swiss would be consistent, I think. Please feel free to correct me if I missed something.
  • #1,048
  • Aug 21, 2006 10:53am Aug 21, 2006 10:53am
Hey, I don't wanna be carried away here. but..I am one of those mentally handicapped "traders" who was simultanneously using 78 systems at the same time. I was sleeping with stochastics, MACD's and 125 channels. I was changing platforms more often than socks and I couldn't even pronounce the indicators' names. The result was a wiped out budget in the size of Albania, Monte Carlo and Utah combined. I love Utah, btw.

Anyway I read the whole thread, and it looked too good to me. The people too. Now I got really suspicious. Then again what do I know... Blindly followed the 5/9/12 1hour RSI cross and Vegas 1. Again, as I said above I don't wanna get carried away. Made sure that all the criteria are in place including the closed candle. The result: see the attached chart.. Entry yesterday night at 1.2838, out this morning at the third fib at1.2910. Even in NJ that is 71 pips before paying the 780 % in property taxes.

Anyway, thanks to sidus, bago and renasdad for all your help. I will keep studying and hopefully before I hit 85 I will be ready for a live session.


Quoting renasdad
Thanks babe,

And by the response to my post about this, I take it noone is keeping track of their trades. Or they are just looking at charts and not trading. Another thing I have noticed is that many people are following this system and another system and sometimes even a third system. I will almost guarantee you guys if you try to follow 2, 3 or even 4 systems, it won't work too well. If you can, good for you but the best thing to do is stick to one system. If one works good, why would you want to follow 2 or 3 systems? If you need another system than the one you are working on, that means you dont have confidence in the first one. And if you don't have confidence in it, it won't work. Just something I need to share with what I have experienced and read from many other traders.
Attached Image
  • #1,049
  • Aug 21, 2006 11:10am Aug 21, 2006 11:10am
Quoting Yardie
Moneymaster you are right. But things are a bit clearer on the30 minute. The 1 hour still look a bit longish.
Thanks Yardie,

I'll do that. Plus I've got quite a bit of reading ahead of me, including rsi, fib ret, Bago, Vegas, Renasdad and the "Gang of Seven".

I was so fascinated reading the James16 thread that I had to read the Sidus thread. Stimulating material.
  • #1,050
  • Aug 21, 2006 11:52am Aug 21, 2006 11:52am
hi all,
i read now through the whole threat and want now convert the 30min/1h strategy into a daily strategy.
There is a simple reason for that. I still haven't the time to babysit the chart all day long, because of work. At a daily timeframe i would be able to take a daily look on every candle. So i wouldn't miss any possibility anymore.
Furthermore i think that i just will getter more pips (of course, in proportion to 1h timeframe)
I think it should be convertible, because all indicators are relative to the candles. So where should be the problem to use it in higher timeframe?
I hope you can help me to convert, because iam not really sure how to do.
I dont know how to change the values.
Thanks in advance.
mike

btw: For your seniors it shouldnt be a problem, i hope
I'm getting there ... slowly
  • #1,051
  • Aug 21, 2006 12:11pm Aug 21, 2006 12:11pm
Quoting milan47
Hey, I don't wanna be carried away here. but..I am one of those mentally handicapped "traders" who was simultanneously using 78 systems at the same time. I was sleeping with stochastics, MACD's and 125 channels. I was changing platforms more often than socks and I couldn't even pronounce the indicators' names. The result was a wiped out budget in the size of Albania, Monte Carlo and Utah combined. I love Utah, btw.

Anyway I read the whole thread, and it looked too good to me. The people too. Now I got really suspicious. Then again what do I know... Blindly followed the 5/9/12 1hour RSI cross and Vegas 1. Again, as I said above I don't wanna get carried away. Made sure that all the criteria are in place including the closed candle. The result: see the attached chart.. Entry yesterday night at 1.2838, out this morning at the third fib at1.2910. Even in NJ that is 71 pips before paying the 780 % in property taxes.

Anyway, thanks to sidus, bago and renasdad for all your help. I will keep studying and hopefully before I hit 85 I will be ready for a live session.
lol funny shit
i remember the 20 systems i had on the same chart when i first started. 40 indicators 15 moving averages. i couldnt see price anymore . now just one indicator and most the time none
  • #1,052
  • Aug 21, 2006 12:25pm Aug 21, 2006 12:25pm
Quoting MoneyMa$ter
New on this "techie" stuff" but on the cable 1h I see a pin, possibly signaling a short, which seems to be supported by the Sidus method. If correct, then IMHO shorting EUR/USD and long dollar-swiss would be consistent, I think. Please feel free to correct me if I missed something.
Money,

Good to see you joined us.
JOHN 3:16
  • #1,053
  • Aug 21, 2006 12:53pm Aug 21, 2006 12:53pm
Quoting renasdad
Money,

Good to see you joined us.
TY renasdad.

Good to be here. Thought most of the day traders were into scalping 5-10 pips here and there, but reading James16 and Sidus definitely piqued my interest.

Question.

How long a transition is it before one can sleep at night with open trades??
  • #1,054
  • Aug 21, 2006 12:57pm Aug 21, 2006 12:57pm
Quoting MoneyMa$ter
TY renasdad.

Good to be here. Thought most of the day traders were into scalping 5-10 pips here and there, but reading James16 and Sidus definitely piqued my interest.

Question.

How long a transition is it before one can sleep at night with open trades??
HEHE, I know. Getting pretty close with this method of trading though. The confidence is getting bigger with it. Couple MAs and fibs from the tunnel and price action. Simple but very effective.
JOHN 3:16
  • #1,055
  • Aug 21, 2006 1:10pm Aug 21, 2006 1:10pm
The short signal you are seeing is the retrace of today's big move up. Right now the price has returned to about the 61.8% Fib, a very common move which can be seen in nearly all today's USD pairs. Personally, I would not trade the retrace, as it is against the prevailling uptrend, but rather I'd be more inclined to wait for some consolidation, then look for a long signal and price action to take next move up with the trend.

Regards,

Quoting MoneyMa$ter
New on this "techie" stuff" but on the cable 1h I see a pin, possibly signaling a short, which seems to be supported by the Sidus method. If correct, then IMHO shorting EUR/USD and long dollar-swiss would be consistent, I think. Please feel free to correct me if I missed something.
Michael fxgorilla
  • #1,056
  • Aug 21, 2006 1:13pm Aug 21, 2006 1:13pm
Quoting renasdad
it will do it for you
all you have to do is change risk for each pair
what do you mean by "risk per each pair"....stop loss?
thanks
Canados
  • #1,057
  • Aug 21, 2006 1:13pm Aug 21, 2006 1:13pm
let me know in detail how u improve ,

thanks for update keep it up
mshz
Quoting rojam
Hi LOTV
The main objective was to duplicate the positions of the moving averages from H1 to M30.This way the intersection points levels are now on H1 to the same levels on M30.
I have implemented many forex strategies and found that many use M30 as their favourite period .I also downloaded templates to install on Metatrader4
but a lot of them do not work when you toggle from a higher time frame down to M30.I still have a favorite set-up grouping SiDuS D1/H4/H1/M30/M15/M5 and even M1 to analyse price action.
I swing trade mostly using M30 modified to include bits and pieces from about 8 systems to give me what I need on that one chart.
I then enter pending on-stop orders many times in both directions,always with stop loss and sometimes ..take profit points.If the above is not clear, let me know.
JLM
  • #1,058
  • Aug 21, 2006 1:14pm Aug 21, 2006 1:14pm
Quoting MoneyMa$ter
New on this "techie" stuff" but on the cable 1h I see a pin, possibly signaling a short, which seems to be supported by the Sidus method. If correct, then IMHO shorting EUR/USD and long dollar-swiss would be consistent, I think. Please feel free to correct me if I missed something.

Sorry Money,

I guess I didn't even read this post. I would have to disagree with fxgorrila and say yes to you. Especially if you use the Vegas tunnel. Thats all I have about it though since there are so many differant ways of people trading this method.
JOHN 3:16
  • #1,059
  • Aug 21, 2006 1:18pm Aug 21, 2006 1:18pm
Quoting canados
what do you mean by "risk per each pair"....stop loss?
thanks
Canados
Ok risk for each pair......

This is somewhere in this thread but instead of me being a DIK and telling you to go find it, I will post em. Anyone that uses the tunnel, should print this off and have it in front of them until they memorize them.

EURUSD 1and2
GBPUSD 1and3
USDCHF 2
USDJPY 1
AUDUSD 1
USDCAD 2
EURJPY 2
EURGBP 1

I do not have any more for any other pairs. When you place the indicator on your charts, you will see risk models. Souble click it and put the right number in there. For the pairs that need 2, put one indicator on top of the other.
JOHN 3:16
  • #1,060
  • Aug 21, 2006 1:22pm Aug 21, 2006 1:22pm
can't anyone help me at converting (some posts ago)
anyway here another problem.
How do you avoid such fakes?
http://img177.imageshack.us/img177/6296/chartgu7.th.gif
I'm getting there ... slowly
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