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New profitable System - Sidus

  • #1,321
  • Aug 29, 2006 5:48am Aug 29, 2006 5:48am
Without exception, it is the people who are too lazy to read a thread from start to finish,who seek to destroy the concept of trial & error.

These people are lookng for the "Holy Grail".

I have good news for these people. The "Holy Grail" exists, but most of them will have given up trading long before they have the chance to discover the secret of it.

1. Trading without incurring losses doesn't exist !
2. Endless searching for the perfect entry system is a waste of time.
3. Cluttering your screen with multiple indicators will only confuse.
4. Try this in DEMO toss a coin, use heads for long entry, tails for short entry. Use a 10pip stop & a 20pip take profit. Let trade run until stop or limit is hit, then enter again on a new toss of the coin. This idea is used as a MM example by Woodie.

BabeFX.
  • #1,322
  • Aug 29, 2006 5:50am Aug 29, 2006 5:50am
Jhanson,

The only difference between mtf channel and normal shi channel is that, mtf channel can refer to any timeframe. like if i am on 30min charts, i would like to see channel of 4hr timeframe, i can do that with mtf channel indicator only.

But both mtf channel and shi channel has referesh problems sometimes. The charts posted by renasdad that problem is very wiered, i have been using mtf channel for sumtime and never seen anything like that.

But i still like mtf channel, sometimes, you can use 15min mtf channel on a 1hr chart to get entries on small retracements.Depends how you want to use them.
  • #1,323
  • Aug 29, 2006 6:22am Aug 29, 2006 6:22am
Quoting BabeFX
Without exception, it is the people who are too lazy to read a thread from start to finish,who seek to destroy the concept of trial & error.

These people are lookng for the "Holy Grail".

I have good news for these people. The "Holy Grail" exists, but most of them will have given up trading long before they have the chance to discover the secret of it.

1. Trading without incurring losses doesn't exist !
2. Endless searching for the perfect entry system is a waste of time.
3. Cluttering your screen with multiple indicators will only confuse.
4. Try this in DEMO toss a coin, use heads for long entry, tails for short entry. Use a 10pip stop & a 20pip take profit. Let trade run until stop or limit is hit, then enter again on a new toss of the coin. This idea is used as a MM example by Woodie.

BabeFX.
The coin thing doesnt work I tried it
  • #1,324
  • Aug 29, 2006 3:50pm Aug 29, 2006 3:50pm
Seems I'm getting my butt kicked today using the 5/12 RSI 21 cross. What kind of win/loss ratio does everybody else have today?

All of my profits from the eur/jpy short from last night have been erased by other losing pairs.
  • #1,325
  • Aug 29, 2006 4:35pm Aug 29, 2006 4:35pm
Quoting imbiber
Seems I'm getting my butt kicked today using the 5/12 RSI 21 cross. What kind of win/loss ratio does everybody else have today?

All of my profits from the eur/jpy short from last night have been erased by other losing pairs.
Started demoing this just yesterday but so far have been whipsahwed all over the place.

Yesterday was a holiday here in the UK so maybe not the best of days to start.

Anyone else using the Vegas 1H tunnel with this? I now know what they mean about the chop at the tunnel.
  • #1,326
  • Aug 29, 2006 7:53pm Aug 29, 2006 7:53pm
Quoting imbiber
Seems I'm getting my butt kicked today using the 5/12 RSI 21 cross. What kind of win/loss ratio does everybody else have today?

All of my profits from the eur/jpy short from last night have been erased by other losing pairs.
You should strongly consider doing several things to help you out. Use the 18/28 ema and look for crosses or merging close together. Also, use other charts to see if they agree with these combined.

My system works great...and I watch 20 currency pairs at the same time. Read my posts and try again. If you have FXSOL and have AccuCharts, I can gladly send you my indicators. I know that I have an advantage with the different currency pairs I watch, and trust me,..it pays off dearly.

Tick
  • #1,327
  • Aug 29, 2006 8:30pm Aug 29, 2006 8:30pm
Quoting Tick

My system works great...and I watch 20 currency pairs at the same time. Read my posts and try again.

Tick

Hi TIck,

Thanks for sharing your system.

I refer to your chart in post #1216. You noted on the chart that you use 5/12 EMA cross, but the ma's on your chart seems to be SMA's. Can you please confirm.

Another point is that you have noted that you would not take a trade unless the 15min, 30min and hourly charts all agree, so since the chart showed 30min setup, would you have taken those trades at those prices.

Thanks,
Matsu
  • #1,328
  • Aug 29, 2006 8:33pm Aug 29, 2006 8:33pm
Sidus,

When is your Version 2 will be released? I'm waiting from month to month.. Your system suit me.

Thanks.

--
Regards,
Sinar FX
" master your setup, master your self "
  • #1,329
  • Aug 29, 2006 8:39pm Aug 29, 2006 8:39pm
Quoting Tick
You should strongly consider doing several things to help you out. Use the 18/28 ema and look for crosses or merging close together. Also, use other charts to see if they agree with these combined.

My system works great...and I watch 20 currency pairs at the same time. Read my posts and try again. If you have FXSOL and have AccuCharts, I can gladly send you my indicators. I know that I have an advantage with the different currency pairs I watch, and trust me,..it pays off dearly.

Tick
Maybe you start another thread call Tick Method

thanks
  • #1,330
  • Aug 29, 2006 9:04pm Aug 29, 2006 9:04pm
Tick,

what is your exit signal like ? Please advise. Thanks
The future depends on what we do in the present.
  • #1,331
  • Aug 29, 2006 11:28pm Aug 29, 2006 11:28pm
Quoting Tick
Use the 18/28 ema and look for crosses or merging close together.
Thanks Tick, I actually used to have the 18/28 on my charts but removed them when it seemed the majority went with just using the 5/12 cross. I have added them back to my charts.

Are you using the 30 min or 1 hour charts?
  • #1,332
  • Aug 30, 2006 2:01am Aug 30, 2006 2:01am
Delete the 21 RSI???

Man... You guys have no idea!!!

GOOD LUCK!!!!!
"Skills pay the bill's!"
  • #1,333
  • Aug 30, 2006 2:16am Aug 30, 2006 2:16am
I remembered this:

I've noticed something here... The original Sidus system has actually been deleted by the combonation of the BAGOVINO 1 HR. 5/12, 50 RSI cross and the Vegas 1 Hr Tunnel.

If you take the signal from the Bago 1hr 5/12 cross in conjunction with the Vegas 1 hr. fibs (Thanks Renasdad!!!) We really dont even need to look at the Sidus method. I know I dont look at it!!!

What do you guys think????

Thanks,
Bago

I guess Bago is doing well with this..
Pipped to the post.
  • #1,334
  • Aug 30, 2006 2:17am Aug 30, 2006 2:17am
SinarFX, firstly Sidus system originally posted here, is based on similar concept of Vegas 1hr tunnel, but is no where close the the tunnel ema's of Vegas 1hr tunnel, and secondly "RSI= Vegas 1hr Tunnel" is not a valid statement that you made. Dont compare an indicator with a System.

RSI is used to filter out weak or false ema crosses in general, not in particular to Vegas or Sidus.

5ema and 12ema is introduced by Bogovino and he uses RSI(21) to filter false crosses. so RSI is most important in this 5/12 cross.
  • #1,335
  • Aug 30, 2006 2:24am Aug 30, 2006 2:24am
I JUST WANTED TO POST THAT I WILL BE LEAVING THE SIDUS THREAD TO START MY OWN BASED ON THE 5/12 CROSS.

I FEEL IT IS BY FAR THE BEST SYSTEM OUT THERE AND WITH THE HELP OF THE MORE SUCCESSFUL TRADERS, WE CAN DEVELOP THE BEST FOREX TRADING METHOD AVAILABLE.

I INVITE YOU ALL TO VISIT MY THREAD AND HELP IMPROVE THE ALREADY SUCCESSFUL METHOD!

THANK YOU,

BAGOVINO
"Skills pay the bill's!"
  • #1,336
  • Aug 30, 2006 2:34am Aug 30, 2006 2:34am
Quoting bagovino
I JUST WANTED TO POST THAT I WILL BE LEAVING THE SIDUS THREAD TO START MY OWN BASED ON THE 5/12 CROSS.

I FEEL IT IS BY FAR THE BEST SYSTEM OUT THERE AND WITH THE HELP OF THE MORE SUCCESSFUL TRADERS, WE CAN DEVELOP THE BEST FOREX TRADING METHOD AVAILABLE.

I INVITE YOU ALL TO VISIT MY THREAD AND HELP IMPROVE THE ALREADY SUCCESSFUL METHOD!

THANK YOU,

BAGOVINO
Awesome dude!!

At least we'll be on the same page huh?
JOHN 3:16
  • #1,337
  • Aug 30, 2006 2:39am Aug 30, 2006 2:39am
Tim,


Hell yeah... come join me and help make this happen!!!!

Thanks,

Bagovino
"Skills pay the bill's!"
  • #1,338
  • Aug 30, 2006 11:17am Aug 30, 2006 11:17am
I have been to this thread and everyone has been a great help. I use the sidus system as you may know, but I have having a small problem. I have consistantly made profits but I always exit my position too early. Should I place my trade then hold it until the tunnel crosses back the other direction, or should I just take my smaller profits and be happy with any profits. Another problem is that you only get a few signals a week so if you get out early then you may not trade for a few days. Any help would be great
  • #1,339
  • Aug 30, 2006 12:08pm Aug 30, 2006 12:08pm
Quoting Matsu
Hi TIck,

Thanks for sharing your system.

I refer to your chart in post #1216. You noted on the chart that you use 5/12 EMA cross, but the ma's on your chart seems to be SMA's. Can you please confirm.

Another point is that you have noted that you would not take a trade unless the 15min, 30min and hourly charts all agree, so since the chart showed 30min setup, would you have taken those trades at those prices.

Thanks,
Matsu
Hi Matsu.. the ma's on my charts are ema's and not sma's. When I trade, I see a lot of whipsaw on my 15 and 30 minute charts, that is why I wait for confirmation on the hourly before I jump in. It is like insurance... at least I know it is a good time to jump in instead of being caught in a whipsaw and seeing myself loosing pips because the 50 line on the RSI 21 is jumping all over and around the 50 line and not going in any one direction. The hourly gives me a better direction

I always trade at the hourly charts. It works and I don't sweat it our worrying as much.

Tick
  • #1,340
  • Aug 30, 2006 12:12pm Aug 30, 2006 12:12pm
Quoting imbiber
Thanks Tick, I actually used to have the 18/28 on my charts but removed them when it seemed the majority went with just using the 5/12 cross. I have added them back to my charts.

Are you using the 30 min or 1 hour charts?
I have three time frames... 15 minute, 30 minute and hourly charts. I cannot trade without the 5/12 ema's crossing or beginning or just ending a cross. Same with the 18/28 ema's...they must be close to doing the same. And as far as the RSI 21 too, the 50 line must be crossing also. With all three happening and confirmation with hourly charts...this is a must. I use no other indicators.

Tick
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