Shagamic Grail Profit

Yes, agreed, but that "missing" candle obviously has had a big effect on your trading of this system.

EDIT. All the following candles look to be fine, but just that missing first H1 candle is the problem.

I hope you can get around that issue.

I wish you good luck.
Cheers
Michael

Hi Tobben,
Would you be kind enough to post the chart with signal for the usdchf trade that you have mentioned pls...
I am unable to locate the signal...
Thanks

Still no trade today...
What about you guys?

hello there..does dotted circle repain?

On 15mins time frame

The rules state H1 or higher time frames - not less than H1.

What no trade today USD/JPY was a screaming buy.....http://www.currencynewstrading.com/.....Fundamental analysis ...is very important....do not trade pairs in a static way ...trade currencies... always look for low hanging fruit ....today JPY pairs was the place to look ....Euro is over due to correct down ... it will be sideways until French election.... now we do not need to be a genius to know that...all the rest were predicted sideways ... only the USD is very strong on the daily but down on the hour ... so instead of trying to be a genius ...we just illuminate the hard currencies .. that are waiting big news ...look at the clear ones do your currency strength comparison Daily to hourly....one will always stand out today JPY ready to drop ...I was in nice USD/JPY and GBP/JPY ....both buys ... the reason sell JPY against the strongest USD and GBP .....my technicasl were perfect.....but I just deployed our hosts SHAGAMIC template and it was a match .... however I used the last signal last week on the 1 hour mid week there is a buy ....at the close of that buy there is a good S/R level .... draw it in then today 15 min signal actually breaks the 2 S/R lines ....always draw more than one S/R line you want an area not just one line...don't make it too hard .. the area was about 4 pips....the author does not recommend 5 min chart but as a confirmation the blue S/R level was perfect about 111.300....So yes this is a great tool for trading but fundamentals are very important ... choose one very strong or weak Daily that is in reverse on the 1 hour on the currency strength meter ....so today JPY was flying too high ....illuminate EURO and CHF ... too sensitive NZ and AUD both nice signal nice move....but if you are a stuck trader EUR/USD or GBP/USD the host very correct no trade.......sideways or a boring little trade http://www.currencynewstrading.com/... hope this helps happy trading....

thank you

What do you think guys about this one? The arrow was below the 200 EMA but the break of the resistance was above the 200EMA and the moving average seems to point nowhere so there is no a clear trend

It goes against system rules on page 1...I would not trade that it's a Buy arrow below the 200 ema where you should be only looking for sells.

I would not have entered. Arrow is pointing up, but price was below EMA 200.

Hi Giro9,
an interesting question.
In fact, there are a couple of questions there.
As you mentioned, the EMA is "flat", so no real directional bias there. So should we stand aside when the EMA is flat? (I would think Yes)

Also, as you mentioned, the BUY signal was below the EMA.....but resistance was above the EMA. Is that a valid BUY signal?

If we pretend that it IS a valid BUY, then how do we treat it now?
Because the signal printed on Friday, and there has been no signal in the meantime, can we look for a "second chance entry"?

As you can see, since then, price rose through the Resistance level.....and would have triggered a pending trade.......but it didn't make 1R before it then turned south.
Using MY brokers prices, and if I had used a 5 pip "buffer" on my Stop, then I would still be in the trade.......as the LOWS printed later on Friday would not have hit my stop.

Because I would have been still on the trade, would I have been looking to open a second position from the new level that were printed after the first few hours of Monday? Not sure if the rules allow for that, as no new signal has printed......and my initial trade would still be active.....so I probably would NOT be looking for a "second chance entry.

Anyway, just some musings.

I will be keen to hear what tobben has to say about these things.

Kind regards
Michael

hello mr. tobben could you add the email alert into the indicator or the mobile meta trader popup alert? this is a great strategy ,and i don't want to missing out any trade.

ps .i think the best mm for this system is 2% per trade so can make easily 10% per month without stress

I don't see any signals yet today on the Hourly time frame. Anyone else notice the same thing?

Fx, I had two valid signals, EURAUD and AUDUSD but neither were confirmed.

Ezzy

I think that this could be a valid trade on USDCHF

You mean EURAUD and AUDCHF

Perhaps with AUDCHF, however I dont trade that pair, for me, the only two valid signals on my hourly charts today were EURAUD and AUDUSD.

Ezzy

I wonder what tobben would say I bout this type of set up.

I personally wouldn't trade it, even though the EMA is slopping down, the signal is above the EMA, therefore I would leave it an wait for a clear set up.

Ezzy

today demo akun, amazing system
thx tobben