Come Surfing Fx With Me System

Hi,

No. Because the setting of macd(12,26,9) is too big. You will sacrifice a lot of pips when trading in HTF.

You can use the same analysis of M1 on HTF as long as you change the setting on macd.

You can try MyExtremeSystem on HTF

Sell = price must close in the upper band + the sun appears above price + FS30 is red + Time is above 80 cross back 80

Buy = price must close in the lower band + the sun appears belove price+ FS30 is blue + Time is below 20 cross back 20


Sai Ram

Thank you Sai Ram,
Ok, so the fxtrend dictates the trend and the FS30 the momentum.

Hi,

Today, for GU, there is one good signal to trade but I didn't take it. Why ?

H4: The trend is up. So I'm looking only to buy in LTF.

M15:

5/10 cross up confirmed by FS30 is blue + macd line > 0 + macd hist. was below the zero then cross above the zero for the first time.

So the the signal at 9:00 am ET is valid. But I didn't go long on the next open candle because the candle @ 9:00 am ET closed with a huge body. Then I decided to wait for price to retrace a few pips then go long. Unfortunately, price did not drop as I want to see.

I don't risk each trade more than 5% of capital

So no trade for today.

Sai Ram

Hi,

I didn't go long because price at 9:15 am ET did not retrace in the zone between 38% to 50% of fib as shown in M15


Sai Ram

Hi,

I just want to remind you that I trade only GU during the London session ( From 12:00 am ET to London close)

I am trading GU since 2008 using the trend following like the system in POST#5832.



Sai Ram

Hi Sa Ram,

do you mean post #5832 with the trendfollowing System??

Hi,

You are correct.

I am going to make a correction in the post5845 right away.

Thanks


Sai Ram

Thank you for the quick response

Hi,

Today, 2 trades on GU


M1 scalping

1) Buy when price trades below the lower band + macd histogram is above its signal line
Trade exited manually for 10 pips

2) Sell when price trades above the upper band + macd histogram is below its signal line
Trade exited manually for 9 pips

Sai Ram

Hi,

Today there was a signal alert to go LONG from the trend following as follows:

H4: The trend is up

5/10 ema cross down but not confirmed by FS30. So the trend is still up from 20017-06-14 at 0:00 GMT

M15:

5/10 ema cross up confirmed by macd line > 0 but not confirmed by FS30 is red and macd hist. are already positive from the previous candles

So the trade is cancelled.

Sai Ram

do you have a list of all crossover trades?

example

Hi,

Sorry for long reply.

I would like to see price closes in the band before going further.



Sai Ram

Hi,

Today there were some signals alerts but all of them are not all confirmed by all indicators.

H4: The trend is up the entire day

M15:

FS30 is red for all the 7 signals for Long. So no trades.


Sai Ram

Thanks for sharing sir

Hi,

Today no trade. But I have something that could provide you good ideas about starting trading forex.

The text is taken from other website.

Success in trading is more than spotting patterns and using the right indicators.
Trading is a performance skill, one you have to sharpen and be consistent with every single trade.
While there is no Holy Grail or formula to being consistently profitable (it depends on the trader’s personality, discipline, and ability to learn), I can walk you through a process that you could follow:

1. Learn the basics of forex trading.
A boxer doesn’t score a knockout with just his fighting spirit. He studies the scoring system, how his opponent moves, the punch combos and strategies available to him, which all combined, gives him better opportunities to win the match.
At the very least you should know what pips, leverage and risk management are, as well as how broker execution and spreads factor into your trades. Follow the money. Study the industry, its major players, and the factors that move currency prices. Read the School of Pipsology for the basics then test your skills with the School quizzes.

2. Learn to recognize patterns.
Just like athletes recognize patterns by watching tons of tape, you should also look at A LOT of forex price action to develop the skill of recognizing patterns.
Depending on your desired time frame, you could be looking at months or even years’ worth of charts before you can easily recognize basic patterns such as breakouts, trends, and ranges.
Remember that trading is NOT a get-rich-quick scheme. You need to invest time, effort, and yes, a bit of moolah if you want to be consistently good at a high-performance endeavor.

3. Develop a trading system.
This is the part where you start designing your own combos. Try trading different currency pairs, technical indicators, time frames, and risk management strategies to find the ones that fit your trading personality and resources.

You can try others’ strategies as well but remember that just because a strategy worked well for one trader doesn’t mean that it will work for you.

Once you identify the factors that give you more wins than losses, you can piece together your own trading system. It can be as simple as entering and exiting trades at major levels or as complicated as taking trades only when an SMA crosses a Bollinger Band while your cat dances to YouTube videos.

4. Trade on demo.
I know a lot of profitable traders who skipped the demo part and proceeded to live trading. After all, trading becomes a whole new ball game when real money is at risk. However, demo trading allows you to not only test your trading system for profitability, but also hone your skills without the pressure of making profits.
This is where you learn to identify weaknesses of your system as well as the major trading issues you need to work on. If you can’t make money while trading demo, then you definitely shouldn’t move on to live trading.

5. Learn to think like a trader.
In trading, you don’t get extra points for having the most unique take on the markets. Being right won’t automatically translate to being profitable either.
What’s more important is accurately anticipating how other traders will price in new catalysts and identifying sentiment shifts when (or before) they happen.
This skill requires you to think like a trader. You can start by visiting popular trading blogs and forex news sites. Listen to trading podcasts and watch live trading videos. Participate in trading communities and don’t be afraid to ask if you have any questions.
Learn what’s important to forex traders like you and you’ll soon anticipate their reactions.

6. Track your progress.
This is the hardest but most important part of the process. This is where you work on your system’s consistency in profit-making. Establish goals, targets, and performance metrics so you can measure how effective your system is and how effectively you execute it.
A trading journal is highly recommended at this point because it shows you which factors work and which ones don’t. Deliberate practice further speeds up the process. You have to stick to your original rules long enough give it a chance but don’t hesitate to fine-tune it if the data supports a change.
Currency trading is not a life hack that makes you instantly rich. It’s also not a game with universal cheat codes to make the game easier. It’s a business and, like any other business, it requires time, money, a little bit of luck, and most importantly, consistent preparation to be successful.

If you can't keep your emotions in check when trading, you will lose money. Lots of it. The most significant action that you can do to improve trading profits is to work on yourself. Really knowing yourself and how you think can give you an edge that others in the market don't have. My goal is to share practical advice to improve your forex psychology without boring you to death. Hopefully, you can develop the mental edge you need to become the best trader you can be.


Sai Ram

Hi,

This is my first trade of the week. My family in law from my native country came visit us for 3 months. So I don't have must time to trade. I will try my best to grab some pips as I can.

At the same I had an opportunity to look carefully the thread called super short day trading system

So there is what I had learned from there. The holy channel and entry signal are great.

I decided to improve the MytrendFollowing(completed) as follows.

Today 1 counter trend trade on EY

H4: The trend is up

M15: Price touched the upper band and FS30 is forming a V reversed. Goto to M1 on the next open candle to pinpoint.

M1: Sell when price touched the upper band + FS30 is red + Macd hist. is above the zero level then cross down.

The trade is closed manually for +102 pips



Sai Ram

Hi Sriloba,

Is it good for sell?

Please confirm

And also which one upper boundary /Lower as well


I am using H4, it is required H1 and another timeframe should be alligned.

Please confirm

Hi,

I'm sorry for long reply.

I suggest you to use the improvement of the MyExtremeSystem(MES)

It is best to use on H4.

Sell trade:

1st condition: Price must breach above the upper band
2nd condition: CCI must be above 100 level
3rd condition: FS30 is RED

Sell = 1st condition + 2nd condition + 3rd condition + stochastic is RED


Buy trade:

1st condition: Price must breach below the lower band
2nd condition: CCI must be below -100 level
3rd condition: FS30 is BLUE

Buy = 1st condition + 2nd condition + 3rd condition + stochastic is BLUE


Sai Ram

Thanks your very much Sir.

Two Upper line are called Upper Band right.

When it touches any line, we can enter trade right.

How to define long and short?

How to stay in the trade.

What is the use of these upper/lower Bands. When the price touches upper band is it sign of reversal.

Please confirm