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New profitable System - Sidus

  • #1,421
  • Sep 10, 2006 2:11pm Sep 10, 2006 2:11pm
Quoting Liquid11
I’m sorry, but I think something got confused here with me. I thought that the 8 EMA(or 12 EMA) was supposed to cross the 18 EMA for an entry signal. That’s what it says in the original PDA. I have always traded like this also using the RSI indicator. I always used the 5 EMA crossing the 8 as a point of interest and not a signal.

I could be completely wrong; by maybe having missed an important post all the way back there (this thread is big!) I’m not critiquing you here, just trying to clarify something for my self.

BTW I love this thread. Its back to the way it should be!
I am sorry if I confused anybody. On Friday I used the ORIGINAL Sidus system as outlined in the attachment to the first post in this thread. I traded 5/8 crosses which crossed the tunnel.

After Sidus' post about using the 4H chart instead of the 1H chart which I had been using, I started thinking. He said that using the 4H resulted in very few losses but also less trades. Since I would like to have fewer losses at this point, even if it means fewer trade signals, that appealed to me. I am looking for more conservative ways of trading at present and this led me to consider whether using the 18/28 cross on the 4H chart might be a good and very simple signal if one were looking for very conservative trades. So far this would appear to be the case in a trending market but it looks as though the 4H charts may not work very well in range bound markets unless the range is fairly wide.

I am just looking at present for different options, partly to see what will work under different circumstances and partly because I am trying to find signals with lower risk, even if it means fewer trades.

I hope that someone else also wants to investigate in that direction. I, for one, like the idea of lower risk trades if I can find a good way of doing it.
  • #1,422
  • Sep 10, 2006 2:34pm Sep 10, 2006 2:34pm
Quoting Geldmeister
First of all, thanks from another admirer of your system

However, I a still confused with your 5 and 8/12 MAs. In your original PDF these are WMAs and not EMAs. Then Bag came along and suggested 5 and 12 EMA were superior to 5 and 8 WMA. So what is the latest Sidus approved set-up please???

Thanks for clarifying!

(I have read much of this monster thread but not all so apologies if this has been answered previously)
If you are confused, I would say to stick with the WMA's as WMA's are more evenly weighted than EMA's resulting in more "accurate" moving averages. Thusly, you should get more quality signals.

Bago's EMA method is a way for him to jump the gun by a few degrees, so to speak. He tends to be right more often than not, but the WMA will give you that little bit more safety since it is a bit more conservatively computed.
  • #1,423
  • Sep 10, 2006 5:44pm Sep 10, 2006 5:44pm
Quoting Hollis
If you are confused, I would say to stick with the WMA's as WMA's are more evenly weighted than EMA's resulting in more "accurate" moving averages. Thusly, you should get more quality signals.

Bago's EMA method is a way for him to jump the gun by a few degrees, so to speak. He tends to be right more often than not, but the WMA will give you that little bit more safety since it is a bit more conservatively computed.
Hollis is essentially correct.

Original Sidus used 5,8 WMAs and 18/28 EMAs, preferably on the 1H but could be used on 30M chart (see first post, attached PDF). Over time, this evolved into 5,12,18,28 EMAs with RSI(21) as confirmation when greater (long) or less (short) than 50. Renasdad summarized the evolved Sidus in his journal (see below):


The Following is from renasdad at ForexFactory.com<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

<TT>Here is a run down of the sidus system. I like to call it "3Phase". It has three phases to it. </TT>

<TT>When talking about this, I will talk all in buying. For selling, just switch it around. </TT>


<TT>Phase 1 </TT>

<TT>On a 30 minute chart, you need a 5 EMA and 12 EMA. Also, RSI(21 period) with a level 50 line. </TT>
<TT>Those are the only indicators needed on a 30 minute chart. </TT>

<TT>What to look for on phase 1 </TT>

<TT>5 EMA will cross 12 EMA from below to above. RSI needs to go above 50. Wait for a candle close before taking a trade. This guarantees it wasn't a fake signal. </TT>
<TT>so, for phase 1 5 crosses the 12 going up. RSI crosses 50 going up. </TT>

<TT>Phase 2 </TT>

<TT>Once a trade is opened, switch to the 1 hr charts. </TT>

<TT>This is what you need on a 1 hr chart. </TT>
<TT>5/12/18/28 All EMAs I am looking into the RSI for use on the 1 hr chart but for now, I only use these EMAs </TT>

<TT>What to look for on phase 2 </TT>

<TT>5 EMA crosses 12 EMA Which will then cross the 18/28 EMA. If the 5 and 12 EMA cross the 18/28 EMAs that is confirmation of trend. </TT>

<TT>Phase 3 </TT>

<TT>This phase is for taking profits. This differs with people. It depends on how they like to trade. For me, I like Vegas 1 hr tunnel. Some use support/resistance, some use Fib levels. </TT>

There was additional evolution after this point but as I read the thread the additional tweaks only confused many. Using either Original Sidus or Evolved Sidus will work. Hope that clears things up.
  • #1,424
  • Sep 10, 2006 5:49pm Sep 10, 2006 5:49pm
Quoting Geldmeister
First of all, thanks from another admirer of your system

However, I a still confused with your 5 and 8/12 MAs. In your original PDF these are WMAs and not EMAs. Then Bag came along and suggested 5 and 12 EMA were superior to 5 and 8 WMA. So what is the latest Sidus approved set-up please???

Thanks for clarifying!

(I have read much of this monster thread but not all so apologies if this has been answered previously)
My original system was with 5 & 8 WMA's. In version 2 it will be 5 and 12 WMA.
Not ema's. Wma's ar more weighted, so more accurate.
  • #1,425
  • Sep 10, 2006 9:33pm Sep 10, 2006 9:33pm
spam might slip by in a few threads on this forum but not the mighty sidus thread. LOL. the power of friendship and teamwork. i dont have time to keep up with things like i used to but i make time to keep up with this thread. keep up the great work.
  • #1,426
  • Sep 10, 2006 10:40pm Sep 10, 2006 10:40pm
Wow James16!
Im really excited to see your name pop up here. If you read this, i just wanna let you know i love your "Chart Thread". I have a notebook with a bunch of stuff i wrote down from when i read through it.

Anyways, Thanks money. I read that back a while ago and i must have gotten some things mixed up through time. Good refresher. As a newb of 4 months, I have been tryin to learn as much as i can and sometimes i forget the most important stuff.

<3
  • #1,427
  • Sep 10, 2006 11:07pm Sep 10, 2006 11:07pm
thanks liquid. i have been lurking since the first week. i dont want to distract from the cool stuff going on here so i keep quite. im around though and i check in at least once a day to keep up. great thread and teamwork. backtesting, demo and teamwork. three ingredients for success. i have not come off of demo yet with sidus but i like what i see so far.
Quoting Liquid11
Wow James16!
Im really excited to see your name pop up here. If you read this, i just wanna let you know i love your "Chart Thread". I have a notebook with a bunch of stuff i wrote down from when i read through it.

Anyways, Thanks money. I read that back a while ago and i must have gotten some things mixed up through time. Good refresher. As a newb of 4 months, I have been tryin to learn as much as i can and sometimes i forget the most important stuff.

<3
  • #1,428
  • Sep 11, 2006 4:10am Sep 11, 2006 4:10am
Quoting Sinar FX
BUY SIGNAL EUR/JPY
Indeed, again a PERFECT example of my method.
I went LONG @ 148.24 (75 pip profit)



and James16, welcome to the thread. We can certainly use your knowhow and experience.
  • #1,429
  • Sep 11, 2006 4:39am Sep 11, 2006 4:39am
Quoting Sidus
Indeed, again a PERFECT example of my method.
I went LONG @ 148.24 (75 pip profit)



and James16, welcome to the thread. We can certainly use your knowhow and experience.
I went long on the same pair and got 70 pips. Yey
  • #1,430
  • Sep 11, 2006 5:44am Sep 11, 2006 5:44am
I also got signals for:

USD/CHF SHORT@ 1.2436 ( 20 pip profit for the moment)
EUR/USD LONG@ 1.2708 (16 pip profit for the moment)

I use a 15pip trailing stop.
  • #1,431
  • Sep 11, 2006 5:53am Sep 11, 2006 5:53am
I also see a potential cross for SHORT @ USD/CAD.
I will take a risk and go short before the cross happens. Short@ 1.1180.

This is a risk, so if you want to stay safe, don't get into these kind of trades. But sometimes you will be able to predict a cross. I'm hoping that this is one of those kind.
  • #1,432
  • Sep 11, 2006 5:55am Sep 11, 2006 5:55am
Hello...please somebody help me if in my MT4 there are no SMA, WMA, and EMA, then where I can get all of them..thank You.... I am using a version which was downloaded from North Finance...thanks
  • #1,433
  • Sep 11, 2006 5:57am Sep 11, 2006 5:57am
I think that everybody should keep an eye one GBP/USD. It is likely that we will get in the near future on the 1H chart a LONG signal. But please, be carefull. Wait untill the cross is there.
  • #1,434
  • Sep 11, 2006 6:13am Sep 11, 2006 6:13am
Quoting Bom-Bom
Hello...please somebody help me if in my MT4 there are no SMA, WMA, and EMA, then where I can get all of them..thank You.... I am using a version which was downloaded from North Finance...thanks
My friend MT4 has all you need. Read the manual.
http://img177.imageshack.us/img177/2...6060833jh4.png
Johann Channels and cycles are everything
  • #1,435
  • Sep 11, 2006 6:23am Sep 11, 2006 6:23am
Quoting Sidus
I also see a potential cross for SHORT @ USD/CAD.
I will take a risk and go short before the cross happens. Short@ 1.1180.

This is a risk, so if you want to stay safe, don't get into these kind of trades. But sometimes you will be able to predict a cross. I'm hoping that this is one of those kind.
particularly risky given the housing starts data later today.
TRADE FOR SWAP
  • #1,436
  • Sep 11, 2006 6:40am Sep 11, 2006 6:40am
Quoting Sidus
Indeed, again a PERFECT example of my method.
I went LONG @ 148.24 (75 pip profit)

////

I also got signals for:
USD/CHF SHORT@ 1.2436 ( 20 pip profit for the moment)
EUR/USD LONG@ 1.2708 (16 pip profit for the moment)
I use a 15pip trailing stop.
<!-- / message --><!-- sig --> __________________
Hi Sidus,

I just wanted to ask: since you use the crossing of the 18/28 pair by the 5/12 WMA pair as entry signal, do you really go by the 5 WMA moving past first to signal or wait for the 12 WMA to follow?
Because in EJ I can see that you sort of went one bar early, as the 12 WMA was still UNDER the 18/28 EMA pair when you entered. The bar close actually was at 148.30 on my chart (Did you enter 6 pips early? Why), next bar had its close 148.54.

Also: have you considered going by the 5 WMA crossing over 12 WMA alone IF the 18/28 pair is close together/tight already? It can mean an extra 10-30 pips at times and maybe help get less delay? (basically what bag did with the ema cross instead of waiting for getting past the 18/28)

Euro entry for example would have been 1.2682 instead of 1.2708...
Also, keeping in mind what Vegas had posted initially, a good place to take first profit would have been 1.2647 + 89 => 1.2736
Assuming you have a 15 pip trailing stop, you got stopped out 13 pips lower instead as 1.2738 made an interim peak. Using Vegas fib nr logic and the earlier entry you could squeeze an additional 25 pips out of the same trade, no?

But I am glad that you set a good example by using a 15 pip stop, I keep trying to tell people that with these systems if a trade goes, it won't come past you more than maybe 20 pips and if it does, it's most likely not going to work out at all and more stop will just amount to more loss... (>>>momentum trade!!!)

Just wanted to hear your opinion on these ideas, not trying to sound like a lecture

Congratulations on achieving celebrity status, this thread is fast becoming the hangout place of the FX stars ;D

*waves to james*
Trust price. Know yourself.
  • #1,437
  • Sep 11, 2006 7:51am Sep 11, 2006 7:51am
Hello everybody,

what do you think about AUD/JPY?
  • #1,438
  • Sep 11, 2006 8:17am Sep 11, 2006 8:17am
Heya SL,

Quoting SeekingLight
But I am glad that you set a good example by using a 15 pip stop, I keep trying to tell people that with these systems if a trade goes, it won't come past you more than maybe 20 pips and if it does, it's most likely not going to work out at all and more stop will just amount to more loss... (>>>momentum trade!!!)
More and more I'm coming to realise that this is, in fact, the case most often than not. I'm not convinced about the more volatile majors, but for the other pairs this is definately something that people need to look at as a way to cut losing trades loose asap rather than try to keep themselves in the trade in the hope that it reverses.

Cheers,
Art...
  • #1,439
  • Sep 11, 2006 9:12am Sep 11, 2006 9:12am
I don't know if anyone here has read the Mechanical Discretion methods but one thing used for a MA cross system is a breakout of two consecutive candles of the same color with the second candle passing the first. In other words once the 5 crosses up the 12 you would look for the first blue (in my case) candle - which may be the candle on the cross. Then you would look for the next candle to surpass that candles high before entering a trade. He goes further to state that the "breakout" candle needs to happen within the next two candles, but I was never really that strict.

I think if you back test this you'll see numerous occassions where this has prevented entry into a trade that would not have made it. It also prevents the need for later crossing of other MA's IMHO.

Just thought I'd add some more thought to the process.. :-)

Jason
  • #1,440
  • Sep 11, 2006 1:37pm Sep 11, 2006 1:37pm
for those of us who've fallen behind on this thread is there somebody willing to summarise the current state of play with this method?

the thread is nearly 1500 posts long and is too big to follow for us lazy gits...i read earlier on that v2.0 is next for release?

much appreciated...thanks in advance.
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