Belkhayate system

1sandeepgupta 2012-09-17 01:19:56 UTC #429

I took trade in CADJPY H1.

skuldz 2012-09-18 00:23:49 UTC #430

this is interesting imma try this out and post my results ok

and if i found something interesting that would help improve this system, ill post it

btw can anyone discuss how to find a entry

the between the number 8 and 4 is still confusing me

LeeJr 2012-10-21 20:57:31 UTC #431

hello,i wasnt able to open the attached files,coild you plz explain how to.thank you just joined the forum

cyanidez 2012-10-22 01:20:10 UTC #432

Hi everybody,

I just feel it my duty to emphasize that you PLEASE, PLEASE practice this way of trading first with a demo account… I don’t want to talk badly about this system and CryAgony is a friend that just shared this way of trading, but it really isn’t even that… I can’t call it a system, it’s just not good enough in my opinion to be taken seriously.

The indicator repaints everytime, yes, which brings with it a whole mess of problems.

Again, you are welcome to test it out but I urge all of you STRONGLY to not make the same mistake I made and test out the system with real money. First get to know it’s characteristics.

Warm regards.

semmee 2013-01-07 00:45:05 UTC #433

Hi! This is my first post and I actually made the account to ask why this system cannot be taken seriously? Also, you write that we should get to know its characteristics. I’m just confused
I’ve always thought that this system would coincide well with S/R levels and price action.

I hope this thread isn’t dead :T

CryAgony 2013-01-07 04:34:31 UTC #434

That’s exactly how you should you use it. not as a stand alone trading system (due to repainting), but as a help and confluence to price action and s/r analysis

cheers

semmee 2013-01-07 12:56:09 UTC #435

Hello! I’m glad to hear that The repainting issue never really irritated me because I know what I saw and stand by my judgement at that very moment (can’t complain about your own judgement :)).

May I ask how it has been with you and the COG indicator? There was a post a while back stating that people use 120 or 180 bars back. I actually use 560 bars back and still play around with that number to see which better coincides with S/R levels.

I have so many questions but it seems like nobody takes interest into this approach anymore. Thanks for replying by the way. I was pleasantly surprised.

CryAgony 2013-01-07 13:31:48 UTC #436

I created the topic so I’ll always be here replying to newcomers. I use standard settings, on high TF (H4 or D1, not lower).

Personally speaking, I do now trade only with price action. COG helped me a lot in understanding the momentum and to have something easily checkable as confirmation, but now I can pick my trades without any indicator, which is best in my opinion, as price is the only indicator that doesn’t lag

Another huge thing to look at is hidden divergence with stoch/macd… works great with cog

let me know if you have further questions

semmee 2013-01-07 22:13:54 UTC #437

Thank you I respect that.

I’m also fond of trading the higher time frames. It seems that all technical traders over time end up using pure price action. I have tried it with success but I can’t seem to identify a lot of the reversals or continuations unless it is a pure pin bar off of a S/R level. With the COG indicator, I could identify price action reversals and continuations much more easily. It just seemed that I was missing out on a lot of opportunities when I couldn’t identify the Inside or Engulfing bars (which seemed to be the most reliable regarding price action), which is why I came across the COG indicator. It seemed to be a more fluid version of S/R levels and trend lines combined. Perhaps I’m being too greedy?

I guess experience will only bring you back to price action haha. Are there more reliable price action signals besides the pin bars, engulfing and inside bars? From what I read, those seem to be the most reliable. Also, what do you mean by momentum?

Thanks again.

CryAgony 2013-01-08 02:51:06 UTC #438

I think this is the noch of the discussion

On long term, people taking few trades are way more profitable than the ones taking hundreds of trades per month. you don’t need so many trades. The basic concept imho, is to trade a small account with the big account mentality. What kills small accounts is the “need” to do a lot and fast

even more, high time frame signals are more reliable cos they include more informations (it’s a pure statistics concept).

Taking trades with PA is not only about finding pins,insides etc etc, there are even too many of them… you don’t want to trade them all, but just the ones that gives you a lot of confluences (swing levels, mean value, S/R…). 1 trade per week is more than enough, belive me

identifying momentum with cog, i’m refering to how steep the cog is, the more the better (if it’s within the trend ofc)

Hope this helped (for further info on PA check “Price Action, Candlesticks, and the Story They Tell” topic)

cyanidez 2013-01-08 02:58:17 UTC #439

CryAgony:

I think this is the noch of the discussion

On long term, people taking few trades are way more profitable than the ones taking hundreds of trades per month. you don’t need so many trades. The basic concept imho, is to trade a small account with the big account mentality. What kills small accounts is the “need” to do a lot and fast

even more, high time frame signals are more reliable cos they include more informations (it’s a pure statistics concept).

Taking trades with PA is not only about finding pins,insides etc etc, there are even too many of them… you don’t want to trade them all, but just the ones that gives you a lot of confluences (swing levels, mean value, S/R…). 1 trade per week is more than enough, belive me

identifying momentum with cog, i’m refering to how steep the cog is, the more the better (if it’s within the trend ofc)

Hope this helped (for further info on PA check “Price Action, Candlesticks, and the Story They Tell” topic)

Well said my friend!

semmee 2013-01-08 13:16:30 UTC #440

It’s best I learn this early. Gotcha, thanks guys

All roads lead to pure price action.

krystalskull 2013-01-16 22:28:24 UTC #442

First trade using this system made 100 pips.

Is there any way to show these indicators on the 1 hour chart but keeping the inputs relative to the 4 hour chart?

semmee 2013-01-17 00:31:30 UTC #443

Niceee what pair? I don’t think theres a way to keep the 4hr indicators relative to the 1hr charts :T Maybe if you tried programming it?

krystalskull 2013-01-17 00:59:18 UTC #444

EUR/USD

Ok thx

sprotz 2013-01-17 14:04:56 UTC #445

Awesome system !!!

johnedward 2013-01-17 14:30:49 UTC #446

Just discovered this thread…and I have lots of reading ahead as I’ve only read first and last page…have seen Belkayate in person many times at Paris’s trading fairs, he’s an entertaining character but seems to know what he’s doing, seems to be more into trading gold than currencies.

oballal 2013-01-21 08:57:09 UTC #447

Looks great! Anybody knows if there is a new version of Belkhayate system?
Thx

semmee 2013-01-23 04:50:24 UTC #448

I don’t think there is a new version of the system but there are a TON of variations.

Last I read the site itself offering the MBFX system was selling their website. I’m not sure why…but you can imagine

NewFXtrader32897 2013-01-23 05:15:54 UTC #449

Can you elaborate on what you mean "you can imagine’? I read somewhere that the MBFX system is not ran or owned by Belkhayate. Do you know if it is or not? I would also like to know if you have experience and success with this system on 4 Hr and daily TF? Thank you.