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  • #421
  • Nov 30, 2016 10:18am Nov 30, 2016 10:18am
Update added to post 407.
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  • #422
  • Nov 30, 2016 10:25am Nov 30, 2016 10:25am
Another EURUSD winning trade. If only I didn't take those AUD trades I would have been on a streak....

Thank you Wizlon, This is a great little system when you pick the right pair to trade.

Attached Image (click to enlarge)
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  • #423
  • Nov 30, 2016 10:55am Nov 30, 2016 10:55am
Quoting jcat
{quote} Have an info on this currency meter, I've tried google and stuck out.
Jcat, the meter was part of a paid system called Forex Profit Supreme. You can google it that way to find info on it. There are you tube videos and several thread notes on FF about it. Most versions you will find are decompiled but probably work the same. There are several indicators that also have the system name in them.
  • #424
  • Nov 30, 2016 11:13am Nov 30, 2016 11:13am
Quoting twj1usa
{quote} Jcat, the meter was part of a paid system called Forex Profit Supreme. You can google it that way to find info on it. There are you tube videos and several thread notes on FF about it. Most versions you will find are decompiled but probably work the same. There are several indicators that also have the system name in them.
Thanks, it is pretty straight forward, in what is says. I just wanted to know what they were basing their judgement on. I'll look into the system you mention, and see if I can dig up anything.
  • #425
  • Nov 30, 2016 11:20am Nov 30, 2016 11:20am
Hi everyone,
I uploaded the indicators: I understand that the custom RSI 8 is meant that when the color is green it is above 50 , when red is is under,correct?
But it is not working correctly , it does only change color much later, if you put another (standard) RSI 8 on the chart , you can see this easily.
Can anyone check this out
Thanks for everyone's input, especially Wizlon
  • #426
  • Nov 30, 2016 4:26pm Nov 30, 2016 4:26pm
Quoting vanupips
Hi everyone, I uploaded the indicators: I understand that the custom RSI 8 is meant that when the color is green it is above 50 , when red is is under,correct? But it is not working correctly , it does only change color much later, if you put another (standard) RSI 8 on the chart , you can see this easily. Can anyone check this out Thanks for everyone's input, especially Wizlon
Hello vanupips. Yes it should be green when the chosen RSI closes above 50 and red when it closes below. I have just checked and it seems function properly on my charts. Can you post a chart to show what you are experiencing? Thanks
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  • #427
  • Nov 30, 2016 4:28pm Nov 30, 2016 4:28pm
Quoting jcat
{quote} Thanks, it is pretty straight forward, in what is says. I just wanted to know what they were basing their judgement on. I'll look into the system you mention, and see if I can dig up anything.
Glad you got answer. Sorry I couldn't be more helpful.
Indentify > Plan > Accept > Execute
  • #428
  • Nov 30, 2016 4:30pm Nov 30, 2016 4:30pm
Quoting Grantmac
Another EURUSD winning trade. If only I didn't take those AUD trades I would have been on a streak.... Thank you Wizlon, This is a great little system when you pick the right pair to trade. {image}
Awesome. That is what it is all about. Well done.
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  • #429
  • Nov 30, 2016 4:37pm Nov 30, 2016 4:37pm
My personal focus for the time being is to work on the MA and RSI lights Dashboards.
Do we need both on our charts? - probably not.
Do we need any on our charts? - probably not but they do provide relevant and useful information.
Can they be combined to produce something really valuable? - I hope so. Watch this space.
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  • #430
  • Nov 30, 2016 5:58pm Nov 30, 2016 5:58pm
Posting my first set of trades. I also have the charts if anyone is interested in them. They were all taken on the 4hr timeframe. It is also important to know that I had 1 EURUSD trade that got stopped out (not shown here). I re entered it later on and now it is at BE. All shown trades are still open....
Attached Image (click to enlarge)
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  • #431
  • Nov 30, 2016 6:47pm Nov 30, 2016 6:47pm
Quoting Megahead
Posting my first set of trades. I also have the charts if anyone is interested in them. They were all taken on the 4hr timeframe. It is also important to know that I had 1 EURUSD trade that got stopped out (not shown here). I re entered it later on and now it is at BE. All shown trades are still open.... {image}
Always interested in charts Megahead. showing charts is the only way we can all learn.
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  • #432
  • Nov 30, 2016 7:53pm Nov 30, 2016 7:53pm
My charts as requested. Vertical red line was the candle i entered on (around its open time). As you can see, the dashboard lights are still not fixed so entries were taken only with the moving averages and the RSI
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audjpy.jpg Size: 752 KB
Click to Enlarge Name: EURGBP.jpg Size: 763 KB
Click to Enlarge Name: EURJPY.jpg Size: 841 KB
Click to Enlarge Name: EURUSD.jpg Size: 861 KB
Click to Enlarge Name: gbpchf.jpg Size: 918 KB
Click to Enlarge Name: gbpjpy.jpg Size: 742 KB
Click to Enlarge Name: USDCHF.jpg Size: 863 KB
Click to Enlarge Name: USDJPY.jpg Size: 789 KB
  • #433
  • Nov 30, 2016 9:52pm Nov 30, 2016 9:52pm
Quoting wizlon32
{quote} Hello vanupips. Yes it should be green when the chosen RSI closes above 50 and red when it closes below. I have just checked and it seems function properly on my charts. Can you post a chart to show what you are experiencing? Thanks
here y can see it clearly , rsi is 53 and red (USDCHF 5M)
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  • #434
  • Dec 1, 2016 4:42am Dec 1, 2016 4:42am
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Thanks for the system Wizlon32, it has a great potential, simple and efective!!
Why i didnt take short trades before 10:15 hs (my time)?? How are the 34 and 55?
As a good trader and friend told me once ...It is all about confluence!!
Have a good day guys!
“Stops don’t limit profits — they prevent disasters.”
  • #435
  • Edited 4:39am Dec 2, 2016 3:32am | Edited 4:39am
2 trades taken today on 5M , AUDUSD and XAUUSD.
AUD was profitable XAU is tanking big , seems long term should be taken in consideration
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD 5M.GIF Size: 16 KB
Click to Enlarge Name: XAUDUSD 5M.GIF Size: 14 KB
  • #436
  • Dec 2, 2016 3:47am Dec 2, 2016 3:47am
More winning trades on EU 5M. I am starting to take volume into consideration on the trades now. I'm not great at it but starting to get a better understanding of it and how it can greatly improve the confidence of the trade.

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  • #437
  • Dec 2, 2016 10:08am Dec 2, 2016 10:08am
Quoting Grantmac
More winning trades on EU 5M. I am starting to take volume into consideration on the trades now. I'm not great at it but starting to get a better understanding of it and how it can greatly improve the confidence of the trade. {image}
Well done vanupips and grantmac. Brilliant to see you both making good trades.

I have been very busy at work but have still managed to trade using my phone.

Every day I am routinely making more money using this system than my daily wage from my full time job (and I'm not in a bad paying job), even when not at my computer.

Have a good weekend everyone.
Indentify > Plan > Accept > Execute
  • #438
  • Dec 2, 2016 12:12pm Dec 2, 2016 12:12pm
Quoting wizlon32
{quote} Well done vanupips and grantmac. Brilliant to see you both making good trades. I have been very busy at work but have still managed to trade using my phone. Every day I am routinely making more money using this system than my daily wage from my full time job (and I'm not in a bad paying job), even when not at my computer. Have a good weekend everyone.
Thanks to wizlon for sharing the system and working to fine tuning it. If you have time over the weekend would you mind posting some more examples of the trades you managed to take? It would really help to get a better understanding of your style and if you don't mind I personally would like any comments you have on the volumer analysis in your decision making as well, if it entered into it.

I still have difficulty picking and believing that PA will reach a certain level. Any advice on that?

cheers mate, have a good weekend.
  • #439
  • Dec 4, 2016 6:22pm Dec 4, 2016 6:22pm
Quoting Grantmac
{quote} Thanks to wizlon for sharing the system and working to fine tuning it. If you have time over the weekend would you mind posting some more examples of the trades you managed to take? It would really help to get a better understanding of your style and if you don't mind I personally would like any comments you have on the volumer analysis in your decision making as well, if it entered into it. I still have difficulty picking and believing that PA will reach a certain level. Any advice on that? cheers mate, have a good weekend.
Grantmac,

This week I will try to post some more of my trades with explanations. I only traded EU last week and my chart looks a mess when I use my orders indicator to show the trades I took. Explaining them all would be a nightmare and I think wouldcause confusion.

I have purposely not really mentioned volume too much in relation to my trades because it is not essential or even necessary for this system. But that said I am glad that you are taking an interest in volume and I will try to incorporate it more as the thread progresses. Have you read the pdf that I recommended? It will explain volume, the way that I interpret it, much better than I can. I am also relatively new to volume analysis myself but that pdf was a real catalyst for me. As a scalper, one way that I do like to use my volume analysis is to catch counter trend moves or pullbacks.

Im not really sure what you mean about having difficulty picking and believing that PA will reach a certain level. Can you explain?
Indentify > Plan > Accept > Execute
  • #440
  • Dec 4, 2016 6:46pm Dec 4, 2016 6:46pm
Regarding volume. Here is what I find makes it interesting.

Here is EU M15. Look at that lowest pin bar and the volume associated with it. Without volume it looks very bearish since market open, But why is the highest volume bar also the lowest priced bar? And why is the volume increasing as price gets lower? If you had enough money to influence the markets would you unleash your true selling volume at relevant lows? Is this a push down to take stops and add big longs? I don't know but it's worth keeping an eye on. Just remember, if they are buying, you can never know how low they will drive the price before they are satisfied that they have filled enough longs before driving it up.

Attached Image (click to enlarge)
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Indentify > Plan > Accept > Execute
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