Attachments: 8-5 job, no bullshit daily technical system

8-5 job, no bullshit daily technical system

View Post
Hidden for breach of Trader Code of Conduct

jmflukeiii

#22
Apr 23, 2016 3:06am Apr 23, 2016 3:06am

anklerep
| Joined Oct 2015 | Status: Trader | 8 Posts

Vasily,

While your intent is probably good hearted, you must realize your coming across a bit strong here and people reading are going to discount anything you say. Speaking from just my point of view your coming across as simply a know it all bully and frankly I was skipping your posts until you simply can't let the thread happen.

Move on man... Just like television, if you don't like the channel, change it.

#23
Apr 23, 2016 3:25am Apr 23, 2016 3:25am

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Watching 111.97 (or around the 55ema) to short on the retest
Important reaction spot on the monthly

Have similar view with EMAs', I watch 200, 55, 21 ema's

note bounce off weekly 200ema

Attached Image(s) (click to enlarge)

Click to Enlarge

Name: USDJPYDaily.png
Size: 32 KB

Click to Enlarge

Name: USDJPYWeekly.png
Size: 27 KB

Click to Enlarge

Name: USDJPYMonthly.png
Size: 40 KB

Come with me if you want to live....

#24
Apr 23, 2016 3:31am Apr 23, 2016 3:31am

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

flipping fibs the other way, we see a target about 550 pips below smack on the monthly 55ema

Attached Image (click to enlarge)

Click to Enlarge

Name: USDJPYMonthly1.png
Size: 39 KB

Come with me if you want to live....

#25
Apr 23, 2016 4:46am Apr 23, 2016 4:46am

steve2010
| Joined Jan 2016 | Status: Trader | 105 Posts

Quoting mario777

Disliked

{quote} steve, kindly please share your MT4 corralted indicator. Also, is your correlation rule same as HCooper? http://www.forexfactory.com/showthread.php?t=586713. Maybe a dashboard is very good. Thanks!

Ignored

Yes, I'm using some similar concepts. I'm still experimenting with it, since applying it in real time is always a lot trickier than it seems, but it seems to work well, and most importantly it reduces your overall risk by ensuring that you don't double up by trading the same underlying movement twice. Its also convenient for hedging your trades to some degree.

The indicator is attached. I'm still working to improve it (my coding skills are sloppy), and some of the symbols may be different depending on your broker, so you will need to edit the pair selection table in the code or just enter the values manually.

Attached Image (click to enlarge)

Click to Enlarge

Name: Image1.png
Size: 50 KB

Looks like a possible long on AUDUSD and NZDUSD on the EMA 21 retest?

Attached File(s)

CDv2.mq4 6 KB | 350 downloads

Better to run, than curse the road

#26
Apr 23, 2016 7:45pm Apr 23, 2016 7:45pm

tradability
Joined Oct 2012 | Status: Trader | 363 Posts

Quoting rosyfx

Disliked

{quote} Do NOT agree your quote bold underlined. Asking money for tution not a scam. But if guarantee you for profit and lavish life style career in forex that is a scam. If anyone has low money and cannot afford money in learning he shouldn't come to forex. Forex is money business and involves 100% risk of loosing money. If anyone looking for free tutorials he can sneak a peak in FF alone. He will be able to find so many trading systems as well as tutorials.

Ignored

Hi and thanks for your reply...
I didn't ask if you agree I'm just stating facts not wishes nor myths. Many scammers make money from people like yourself who have no idea and spend money on their rubbish which makes them money from sales and they have no idea about making money from trading nor how to trade for a living. That's how they make a living from their scams that don't work e.g traders international, goldlocks etc ...just think of it this way whether you like it or not, 98% of traders lose which implies 98% of what you read and hear is a losing sequence. What you need to do is go find the 2% that trade for a living and learn from them not anyone with any idea that has no success nor experience nor long track record etc.
Now again I'm not asking you to agree with me I'm telling you the theory. Off course there are some that fluke their way in but usually that is short lived because they don't know how to succeed.

#27
Apr 24, 2016 3:07am Apr 24, 2016 3:07am

Rtm
Joined Jan 2011 | Status: dump and pump | 4,055 Posts

how about a track record to show the performance or at least back up what you saying?

All posts are my personal opinion

#28
Edited 1:31am Apr 25, 2016 1:05am | Edited 1:31am

pipperboy
| Joined Apr 2016 | Status: Trader | 26 Posts

Hi guys! I did the charts over the weekend but was too busy to pen it down in words properly. Now back to the weekly updates.

USDJPY (April 25-29) [look back for updates!]

April 24 (before market opens)

Attached Image (click to enlarge)

Click to Enlarge

Name: usdjpy.png
Size: 68 KB

Although BOJ moment caused a spike through the EMA 21(hitting my SL) and almost reached EMA 50, my overall view for them are still bearish as long term trend are bearish(at least for this week) and only when overall trend is making higher highs, then we can consider the bearish trend truly over. I have said before I don't really trade based on news, but they do affect our trades somehow or the other. The only way to protect ourselves is to set a STOP LOSS.

My straightforward criteria for trend to turn bullish:
1) making higher highs
2) Price closes above EMA 50 and the next candle closes above EMA 50 as well.

However, as Ill-b-back mentioned, price rejected EMA 200 on weekly over the last 3 weeks. The last time price crossed EMA 200 was in 23 Dec 2012 and price went bullish till its current level. Hopefully by this week we can have a clearer signal.

Attached Image (click to enlarge)

Click to Enlarge

Name: Screenshot2.png
Size: 58 KB

April 21

Attached Image (click to enlarge)

Click to Enlarge

Name: Screenshot1.png
Size: 68 KB

Price retraced as mentioned.
Stop loss 112.051 (EMA 50)
Take profit 110.368 (EMA 21)

Enjoy

I hold a 8-5 job. I trade 90% daily, 10% H4; 90% technical, 10% fundamental

#29
Edited 1:31am Apr 25, 2016 1:18am | Edited 1:31am

pipperboy
| Joined Apr 2016 | Status: Trader | 26 Posts

EURJPY (April 25-29) [look back for updates!]

April 24 (before market opens)

Attached Image (click to enlarge)

Click to Enlarge

Name: eurjpy.png
Size: 65 KB

Same thing, price went through EMA 21, and went almost to EMA 50. Still, trend remain bearish in my opinion, and price should retrace to pre-BOJ price.

April 25

Attached Image (click to enlarge)

Click to Enlarge

Name: Screenshot1.png
Size: 58 KB

Stop loss 125.554 (EMA 50)
Take profit 124.543 (EMA 21)

Enjoy

I hold a 8-5 job. I trade 90% daily, 10% H4; 90% technical, 10% fundamental

#30
Edited 1:47am Apr 25, 2016 1:30am | Edited 1:47am

pipperboy
| Joined Apr 2016 | Status: Trader | 26 Posts

AUDUSD (April 25-29) [look back for updates!)

April 25

Attached Image (click to enlarge)

Click to Enlarge

Name: Screenshot1.png
Size: 60 KB

Applying the EMA 21 theory, price should continue to push upwards to the next resistance level, 0.78476.(18 june 2015 resistance)

Stop loss 0.76563 (EMA 21)

Enjoy!

I hold a 8-5 job. I trade 90% daily, 10% H4; 90% technical, 10% fundamental

#31
Apr 25, 2016 1:35am Apr 25, 2016 1:35am

pipperboy
| Joined Apr 2016 | Status: Trader | 26 Posts

Quoting Davit

Disliked

Hi Pipperboy Certain individuals are simply boisterous and rude and that's common in public forums. (check my ignore Vasily is there) Simply continue on.My philosophy is "do more what works" regards

Ignored

Hi Davit, thanks for your encouragement. Appreciate much

I hold a 8-5 job. I trade 90% daily, 10% H4; 90% technical, 10% fundamental

#32
Apr 25, 2016 1:37am Apr 25, 2016 1:37am

pipperboy
| Joined Apr 2016 | Status: Trader | 26 Posts

Quoting steve2010

Disliked

This system is pretty direct and no-nonsense, which is fantastic. Daily charts are almost certainly the best way to go, whether you're a part timer or not. Less noise, more predictability. I like how you use the moving averages for S/R instead of viewing them as trade signals based on cross overs and such. If I may suggest a possible enhancement to the system, it would be to also exploit the best indicator out there - other (correlated) currency pairs. For instance, it is well known that if two correlated pairs are in a down trend, and the one proceeds...

Ignored

Hi steve! Thanks for your kind words! I agree that correlation plays a big part in trading. Let me do some homework and once i'm confident in adding it into my trades, i will include in my posts. Have a great day ahead!

I hold a 8-5 job. I trade 90% daily, 10% H4; 90% technical, 10% fundamental

#33
Edited 3:07am Apr 25, 2016 1:38am | Edited 3:07am

pipperboy
| Joined Apr 2016 | Status: Trader | 26 Posts

Quoting Ill-b-back

Disliked

Watching 111.97 (or around the 55ema) to short on the retest Important reaction spot on the monthly Have similar view with EMAs', I watch 200, 55, 21 ema's note bounce off weekly 200ema {image} {image} {image}

Ignored

hi ill-b-back, yes we share the same sentiments on how EMA should work. Hope to hear more from you mate!

I hold a 8-5 job. I trade 90% daily, 10% H4; 90% technical, 10% fundamental

#34
Apr 25, 2016 2:28am Apr 25, 2016 2:28am

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Quoting pipperboy

Disliked

{quote} hi ill-b-back, yes we share the same sentiments with how EMA should work. Hope to hear more from you mate!

Ignored

thanks pipperboy, I trade mainly daily and above with similar emas. Still waiting a little higher on UJ to get filled just below 112. Will see, all the best.

Come with me if you want to live....

#35
Apr 25, 2016 3:57am Apr 25, 2016 3:57am

steve2010
| Joined Jan 2016 | Status: Trader | 105 Posts

Attached Image (click to enlarge)

Click to Enlarge

Name: Screenshot1.png
Size: 31 KB

Entered long here too, price turning at the EMA 21, we got some nice price rejection from last week Thursday's candle, and the previous resistance level now acting as support. Might see some short term pull back depending on what the oil prices do around the NY open.

Attached Image (click to enlarge)

Click to Enlarge

Name: Screenshot2.png
Size: 33 KB

What y'all think?

Better to run, than curse the road

#36
Apr 25, 2016 4:48am Apr 25, 2016 4:48am

4xGypsy
| Joined Jun 2015 | Status: Trader | 2 Posts

Subscribed...
I have been trading a simialar system for a few months now.
I trade mainly the 4hr chart with the daily and hourly charts as a referance.
I use the 21ema, 50ema, 200ema with RSI(14), but one I do is I switch the 50ema with a 34ema on some timeframes and charts to find a better support/resistence area.
I also use a DollarIndex Indicator just for confirmaton.
And a Support/Resistence Indicator for entry's.

Using this system has brought me from being a loosing trader to being a breakeven trader. I have no illusions of discovering the Holy Grail, only to suppliment my day job too. With more work I expect to be profitable sometime soon. Profitable to me is matching my day job income.

Keep up the good work.

Attached Image (click to enlarge)