New profitable System - Sidus

Hi renasdad,

LONG audusd?

Please explain your thought process.

best,
forexpips

Are you seeing the oscillations on the H4?

Pictures are worth a thousnad words. I would never open a long trade right now . I would wait for price action to confirm but, this is what I look for in opening a trade.

The yellow circles show where price has hit fib lines. Also, look at the major support in that area.

Hi renasdad.. I am guessing you are joking?
The AUS went through support and the MA's crossed dowm. I am short..

I am with you now

What everybody here fails to realize is that you are looking at the chart unrealisticaly. The EMAs and the WMAs are all closing values. MEANING that you would open your position at the end of each period (closing price). Everybody is counting the opening price, but this is wrong, because the indicators will not be what they are at open. The only cross this system is somewhat successful at is GBP/JPY... test it, run it on a demo account, and you'll see what I am talking about

hehe

I think its a very interesting proposition. Would have to have a tight stop. What are we looking for in price action to give a GO signal?


5/12 cross with 50 RSI?

AUDUSD LONG


I'm really thinking of longing it here with a s/l below the fib at 7532

First of all, I will leave that thick red line on my chart. Second, I would not take a trade as of yet. I would wait until that bar closed to see what it looks like. I am pretty new to trading like this, things are just kinda clicking. I would be safe to say also, taking a long right now would be a good idea. Place a stop 20 pips under the low of the current bar. News only pushes price so far. Momentum will make price go further but this time of the rear, things are rangebound. I am learning this stuff right along with you guys. I'd say 75% chance of price going up and 25% chance of it going down.

Just to remind you, London markets are closed on Monday..Holiday you know old chap!!! Have a great weekend

You got it man!!!!!!!!!!!!

Only a 35 pip risk and look at the reward!!!!!!

It could go up 100 pips. It is Friday though. Just remember that. If it was Tuesday, I would be alot more inclined in taking this trade.

I have traded the USD/EUR, USD/JPY, and USD/CHF pairs using the original Sidus system rules with around 80 percent success. I have followed the rules with discipline. It does work.

Yeah, it'll be nice to see some exhaustion candles on the 1H though. I don't see if rifling up today. Perhaps opening a position on TUE night would be the thing to do.

wow! audusd DID rifle up!!

It's all about the way people percieve things. Forexpips, I did get your PM. I need to get some sleep. I will get back to you though.

How many people use the Vegas tunnel? If you aren't, are you starting to realize it is the best way to trade with this?

renasdad,

my setup is identical to yours.

vegas 1h tunnel
5/12 ma with 9 ma for close trade indication
rsi

best,
forexpips (i look forward to hearing from you)

As for any other profits... any related USD traded currencies, I play another system which is very good.

<TABLE class=MsoNormalTable style="MARGIN: auto auto auto 4.65pt; WIDTH: 417.9pt; BORDER-COLLAPSE: collapse; mso-padding-alt: 0in 5.4pt 0in 5.4pt" cellSpacing=0 cellPadding=0 width=557 border=0><TBODY><TR style="HEIGHT: 0.25in; mso-yfti-irow: 0"><TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 417.9pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 0.25in; BACKGROUND-COLOR: transparent" vAlign=bottom noWrap width=557>The entry (news time)

</TD></TR><TR style="HEIGHT: 25.5pt; mso-yfti-irow: 1"><TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 417.9pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 25.5pt; BACKGROUND-COLOR: transparent" vAlign=bottom width=557>1. take the high and low of the 15 minutes chart for the two periods 8:30am-8:45am and 8:45am-9:00am<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

</TD></TR><TR style="HEIGHT: 12.75pt; mso-yfti-irow: 2"><TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 417.9pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" vAlign=bottom width=557>2. discard any where the range in either of the 15 minute periods is bigger than 50 pips<o></o>

</TD></TR><TR style="HEIGHT: 38.25pt; mso-yfti-irow: 3"><TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 417.9pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 38.25pt; BACKGROUND-COLOR: transparent" vAlign=bottom width=557>3. either enter long when the price exceeds the higher of the two highs gathered in step 1 by 4 pips or enter short when the price falls below the lower of the two lows gathered in step 1 by 4 pips. <o></o>

</TD></TR><TR style="HEIGHT: 0.25in; mso-yfti-irow: 4"><TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 417.9pt; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8; HEIGHT: 0.25in; BACKGROUND-COLOR: transparent" vAlign=bottom width=557>
The exit
I exit usually after taking 10-20 pips. This works 4 out of 5 times during the week.
</TD></TR></TBODY></TABLE>

I think the Vegas 1hr tunnel can compliment almost any 1/2hr to 1hr chart trading strategy. In addition to being an outstanding way to gauge your profit taking levels, after using it for a few months you will start to visualize the price action in a way that will greatly improve your trading.

In fact, all three of the Vegas systems (1-hr, 4-hr, and VWB) have immensely helped my own understanding of how the market moves.

THANKS VEGAS!!!!!

I am just getting back to the computer so excuse the delay. I saw the indicator and took it.. However I got out WAY before $money did. But, I was looking for a quick scalp and also wanted to go to bed. The thing that I think let that go so short was the news. I did not catch what piece it was (still new to all of this). i.e. I would have made the pips as well, but it would not have been from this system in my opinion.

Kind Regards,
H. Bart