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Come Surfing Fx With Me System

  • #5,441
  • Mar 1, 2017 11:03pm Mar 1, 2017 11:03pm
Quoting NatashaM
{quote} You are correct - there is a diverg. on H1, but I missed it - it's late for me to put a trade - I missed arround 25 pips from the setup. May be you've put TP near arround central daily pivot /if you are in real account it will be safe/.
Hi NatashaM & Moonie, I would like to try out this system & it will start with the Demo acct. Due to the full-time work load, will have limited time but will do that, so pls bear with me.

I have some queries as per how you handling the system based on yr experience, if i may ask:

1. For TP, do you guys use the time frame which you enter the trade, i.e. 30m/ 15m to set the TP?
2. if not, & the time frame used was based on higher TF, may I know the criteria to fulfill that, i.e. how to decide the higher TF can use for TP?
3. what is/ are the ways you determine the TP? I understood that Sriloba has stated that when a FS30_1 is appeared with green arrow, we can use that to TP.
4. One of the important aspect of this system is to use the Divergence to gauge the probability of the trade , may I know from yr testing, do we need to have the divergence on all TFs? Also, do we need to have the divergence on all indicators i.e. Trix, Stochtrend per each TF?

I might have missed the answer if those already answered before, if that is the case, pls direct me to the post so I can have a read out.

Thanks all for yr contribution, & not to forget Scrloba who create this thread!

regards
  • #5,442
  • Mar 2, 2017 12:41am Mar 2, 2017 12:41am
Quoting ArthurLe
{quote} Hi NatashaM & Moonie, I would like to try out this system & it will start with the Demo acct. Due to the full-time work load, will have limited time but will do that, so pls bear with me. I have some queries as per how you handling the system based on yr experience, if i may ask: 1. For TP, do you guys use the time frame which you enter the trade, i.e. 30m/ 15m to set the TP? 2. if not, & the time frame used was based on higher TF, may I know the criteria to fulfill that, i.e. how to decide the higher TF can use for TP? 3. what is/ are the...
Hi Arthur,

1. For TP, do you guys use the time frame which you enter the trade, i.e. 30m/ 15m to set the TP?
A1 : If you enter a trade, let say M15, you can exit your trade when the candle closes in the same direction of the green arrow appears

2. if not, & the time frame used was based on higher TF, may I know the criteria to fulfill that, i.e. how to decide the higher TF can use for TP?
A2 : If you enter a trade M15 then your next HTF is H1. Use multiple time frame by factor of 4 time. H4-H1-M15

3. what is/ are the ways you determine the TP? I understood that Sriloba has stated that when a FS30_1 is appeared with green arrow, we can use that to TP.
A3 : You can use pivot lines, round numbers or fibonacci extension as TP

4. One of the important aspect of this system is to use the Divergence to gauge the probability of the trade , may I know from yr testing, do we need to have the divergence on all TFs? Also, do we need to have the divergence on all indicators i.e. Trix, Stochtrend per each TF?
A4 : The divergence may form on one of the indicators is enough


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #5,443
  • Mar 2, 2017 6:07am Mar 2, 2017 6:07am
Quoting sriloba
{quote} Hi Arthur,... .... The divergence may form on one of the indicators is enough Sai Ram
Hi Sriloba, thanks for the prompt reply, points noted & will put in practice...hope to grasp the stuffs soon.
  • #5,444
  • Mar 2, 2017 6:33am Mar 2, 2017 6:33am
Today one trade on AUDJPY

Counter trend

H4 : FS30_5 is forming V inversed (Bearish)

H1 : Negative Divergences on TRIX and Stochastic + price trades at the upper band

Then sell the currencies and exited the trade manually for +39 pips

Sai Ram
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart2.png Size: 129 KB
Click to Enlarge Name: chart1.png Size: 90 KB
Being a fxtrader is not easy. Ones must working hard.
  • #5,445
  • Mar 2, 2017 7:09am Mar 2, 2017 7:09am
Quoting ArthurLe
{quote} Hi NatashaM & Moonie, I would like to try out this system & it will start with the Demo acct. Due to the full-time work load, will have limited time but will do that, so pls bear with me. I have some queries as per how you handling the system based on yr experience, if i may ask: 1. For TP, do you guys use the time frame which you enter the trade, i.e. 30m/ 15m to set the TP? 2. if not, & the time frame used was based on higher TF, may I know the criteria to fulfill that, i.e. how to decide the higher TF can use for TP? 3. what is/ are the...
Hi, ArthurLe, sorry for my late answer, but I've just entered in the forum! I think Sriloba answered you to all you questions at all. I myself use the pivot levels to TP. I have noticed these levels are very significant, because they are the key levels of support/resistance points, arround which the price either penetrates nor reverses. So, the first TP you can put is on the next pivot level and it will be arround 20 pips. The next TP you can use the green arrow of FS30_1 indicator as Sriloba mentioned. It's as you like! I practice in that way.
Divergences are very poerfull and it's better to have them both on trix and stochastic.
I'm advising you to read very carefully the last 10-15 pages of this forum to get know about the system more things and to practice live first with your demo account to have skills! I wish you success!!!
  • #5,446
  • Mar 2, 2017 7:29am Mar 2, 2017 7:29am
Quoting sriloba
Today one trade on AUDJPY Counter trend H4 : FS30_5 is forming V inversed (Bearish) H1 : Negative Divergences on TRIX and Stochastic + price trades at the upper band Then sell the currencies and exited the trade manually for +39 pips Sai Ram {image} {image}
Congratulations, Sriloba! Perfect trade!!!
  • #5,447
  • Mar 2, 2017 10:49am Mar 2, 2017 10:49am
Hi, Moonie! I'd like to ask you, please - how long did you test the system on M15 only like you did /without checking the other timeframes - H4-H1-M30/? It will be better and easier, the setups will be much more only on M15 /if the results are reliable, of course/. Thanks!
  • #5,448
  • Mar 2, 2017 10:39pm Mar 2, 2017 10:39pm
Quoting NatashaM
{quote} Hi, ArthurLe......I'm advising you to read very carefully the last 10-15 pages of this forum to get know about the system more things and to practice live first with your demo account to have skills! I wish you success!!!
Hi mate, will do as per yr advise, hope to catch up with you guys soon.

Green pips to you all!
  • #5,449
  • Mar 3, 2017 4:04am Mar 3, 2017 4:04am
Quoting NatashaM
Hi, Moonie! I'd like to ask you, please - how long did you test the system on M15 only like you did /without checking the other timeframes - H4-H1-M30/? It will be better and easier, the setups will be much more only on M15 /if the results are reliable, of course/. Thanks!
Hi Natasha,

I tested the M15 system for one week and I got about 50% success. Perhaps you could try it while waiting for H4 setups.

Cheers,

Moonie.
  • #5,450
  • Mar 3, 2017 8:33am Mar 3, 2017 8:33am
Quoting Moonie
{quote} Hi Natasha, I tested the M15 system for one week and I got about 50% success. Perhaps you could try it while waiting for H4 setups. Cheers, Moonie.
Thanks, Moonie for your response. 50% is not enogh as a result in my opinion. I'll try to find something for the confirmation of the system - the percentage must be up to 80% in order to be sure what we are doing. I think it's better to filter the trades and to take only these trades, which have a sure setup.
  • #5,451
  • Mar 3, 2017 9:29am Mar 3, 2017 9:29am
Quoting NatashaM
{quote} Thanks, Moonie for your response. 50% is not enogh as a result in my opinion. I'll try to find something for the confirmation of the system - the percentage must be up to 80% in order to be sure what we are doing. I think it's better to filter the trades and to take only these trades, which have a sure setup.
Quite right Natasha, 50% is not good enough for me either unless the risk was 2:1 which would be quite difficult with a 10 pip TP. I haven't lost with the H4 method yet although I have had a couple that have had the SL moved to zero and then been taken out for break even.
  • #5,452
  • Mar 3, 2017 9:34am Mar 3, 2017 9:34am
Quoting NatashaM
{quote} ...I myself use the pivot levels to TP. I have noticed these levels are very significant, because they are the key levels of support/resistance points, arround which the price either penetrates nor reverses. So, the first TP you can put is on the next pivot level and it will be arround 20 pips. ...
Hi Mate, do you mind to share the Pivot level indicator?

Thanks.
  • #5,453
  • Mar 3, 2017 10:31am Mar 3, 2017 10:31am
Quoting ArthurLe
{quote} Hi Mate, do you mind to share the Pivot level indicator? Thanks.
Voilą



Sai Ram
Attached File(s)
File Type: ex4 Fxkumbaya_Pivot Points_extended.ex4   9 KB | 224 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #5,454
  • Mar 3, 2017 10:41am Mar 3, 2017 10:41am
Hi guys,

Today no trade. I have monitored 6 pairs and there are no setups according to the rules of the system.

The latest strategy is trend following. With this system there are few setups during a week. But the ones we have are high probability.

I remember when I start trading forex I want to trade a lot per day. But this way will kill the account very fast.

You test both strategies and see what is best for you.

Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #5,455
  • Mar 3, 2017 10:44am Mar 3, 2017 10:44am
Quoting ArthurLe
{quote} Hi Mate, do you mind to share the Pivot level indicator? Thanks.
I'm very sorry, I don't know how to share in forum indicators or to paste screenshots! I'm really sorry, but you can surch in google - my pivot indicator is - "PivotsD_v5(Black)" . I'm sure you can find it in google and free download or you can use the indi shared by Sriloba.
  • #5,456
  • Mar 3, 2017 10:53am Mar 3, 2017 10:53am
Quoting sriloba
Hi guys, Today no trade. I have monitored 6 pairs and there are no setups according to the rules of the system. The latest strategy is trend following. With this system there are few setups during a week. But the ones we have are high probability. I remember when I start trading forex I want to trade a lot per day. But this way will kill the account very fast. You test both strategies and see what is best for you. Sai Ram
Hi, Sriloba! You have shared 2 varieties of the system - trend following and reversal with divergences on H1. Wich one do you advice to use?
I saw today on NZDUSD there was a reversal setup on H1, but failed although there was a divergence on trix indi on H1.
  • #5,457
  • Mar 3, 2017 12:00pm Mar 3, 2017 12:00pm
Quoting NatashaM
{quote} Hi, Sriloba! You have shared 2 varieties of the system - trend following and reversal with divergences on H1. Wich one do you advice to use? I saw today on NZDUSD there was a reversal setup on H1, but failed although there was a divergence on trix indi on H1.
Hi,

If you are less than 3 years in forex world then I suggest you to use trend following and enter a trade not less than M30/M15.

Regard the counter trend you can take it too. But make sure you follow the rules of the counter trend.

Enter a trade on M5 requires a lot of experiences. Keys levels of S/R are very important like the breakout system.


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #5,458
  • Mar 3, 2017 12:15pm Mar 3, 2017 12:15pm
Quoting NatashaM
{quote} Hi, Sriloba! You have shared 2 varieties of the system - trend following and reversal with divergences on H1. Wich one do you advice to use? I saw today on NZDUSD there was a reversal setup on H1, but failed although there was a divergence on trix indi on H1.
Hi,

If you trade Kiwi you won't miss the HP of setup as followed.


Down Trend

H4 and H1 are aligned. But in real time you saw FS30_5 is forming "V ", bullish on H1. But there are 2 divergences on H1 and the trend on H4 is still down.

So the " V ", bullish, on H1 at that time is not strong.

So we wait price retraces on M15 recognized by FS30_5 forms V reversed, bearish as shown in the chart attached below.


Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.png Size: 138 KB
Being a fxtrader is not easy. Ones must working hard.
  • #5,459
  • Mar 3, 2017 1:17pm Mar 3, 2017 1:17pm
Quoting sriloba
{quote} Hi, If you trade Kiwi you won't miss the HP of setup as followed. Down Trend H4 and H1 are aligned. But in real time you saw FS30_5 is forming "V ", bullish on H1. But there are 2 divergences on H1 and the trend on H4 is still down. So the " V ", bullish, on H1 at that time is not strong. So we wait price retraces on M15 recognized by FS30_5 forms V reversed, bearish as shown in the chart attached below. Sai Ram {image}
What do you mean HP of set up - may be a high probability?! According H1 setup of the system - there was a reversal setup indeed - divergences on the both indicators - trix and stochastic. And we should be entered on M15 LONG. But it was a retracement. How could we recognize the reversal from the retracement? The trend is still bearish on H4, of course. That's why it is a reversal, not trend following. I think we need a better confirmation for the reversals - it is not enough only divergences in my opinion. That's what I mean.
  • #5,460
  • Mar 3, 2017 2:14pm Mar 3, 2017 2:14pm
Hi,

From my experiences, 123 price pattern and divergence are the reversal patterns for most 90% of the time.

Let look the charts attached.

H4 is still down. But H1 starts to move upward by creating 123 pattern reversal at the vertical line.

Because, on H1, price failed to breach the point 1 then price rose. But if there are big NEWS release and supported the current trend then the trend keeps moving downward.


Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.png Size: 117 KB
Being a fxtrader is not easy. Ones must working hard.
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