hi effi 1st of all thx for ur precious method:P
I would like to give a comment over here …
I think that the major limitation of this method perhaps is the entry point or we call it entry signal
Isiit anyway to get a valid signal or confirming that the signal is reliable, where RSI >50 and the bar is close or open above EMA 50 .
I found out that many bar did close or open above 50 and RSI>50, however it did not turn up optimistically(continue going up further away from EMA50) in the long run.
Are there any criteria that we could use to ensure and confirm the entry ?
for example, the stoch?
Hope to read from u soon:P Thx in advance ^^
hi effi 1st of all thx for ur precious method:P
I would like to give a comment over here …
I think that the major limitation of this method perhaps is the entry point or we call it entry signal
Isiit anyway to get a valid signal or confirming that the signal is reliable, where RSI >50 and the bar is close or open above EMA 50 .
I found out that many bar did close or open above 50 and RSI>50, however it did not turn up optimistically(continue going up further away from EMA50) in the long run.
Are there any criteria that we could use to ensure and confirm the entry ?
for example, the stoch?
Hope to read from u soon:P Thx in advance ^^
On 9-26-07, I became excited when I saw a nice little shooting star. It also closed below a minor support + resistance line 2.0189. So I waited for a signal on the daily system. Entered at 2.0189. Set t/p at 2.0089 for half of position. But will watch with candle formation and lines breaks to see if other management is needed. As of 5:58 AM EST its is floating + 58.
I’m having some trouble following your system. How is this a short? On my 4 hour chart it shows several candles above the 25 and 50 ema.
Also, in the begining of your post you said to use only 3 pairs, but now I see your using much more. then you gave the system, but then changed it by adding shorter time frames that contradicts the original system you posted. sorry, but im just having a real hard time following along. your results speak for themselves - outstanding!!! I really want to learn this system - help!!!
can you maybe give a recap of your system here because it looks like it changed from the beginning of the post. can your please lay out all the rules once more. I would really appreciate it.
also my charts don’t have ATR(forex.com), it does however have a volatility indicator that is set to 10 by default. it this the same?
well Effi, has 2 different systems that he works on it, the system that he detailed here is the 25/50 ( that works on moving averages)
plus he has another system , it works on the daily candles, that system he teaches it separately, and you need to contact him if you are interested to learn that system, once you see a call written BONUS it means it got generated from the daily SECRET system:p, so better for you just follow it without trying to know how he did it, if u r curious and u want to know more and learn it, u can just contact him to get the course.
TOO bad i knew about that thread last week, where i feel that the performance was lower than the first week, as the market is very choppy and still, i know u r a good trader one of the best, and it was difficult to many others traders who provides calls as well, and the great thing your still up arround 3000 pips.
Well i am looking from now to start fresh in october ( if you will still post calls i hope:D) and i will check how many pips i will do in tat month:rolleyes:
Well our Bearish scenario failed, i could have issued a long signal to counter act that, but i didn’t want to risk it since it was going to be a fundamentaly motivated movement.
We will hold trades on GBP/JPY either untill we get our 2550 D1-L signal or we get a very solid Bonus signal.
I have to say you have been really on these last two weeks. Do you normally get results like this or is Septemeber an exception? Problem is in California were I live the London session starts at 12:00 am and goes all night so I miss most of the signals. Can you give me some info on the class you teach or the website you are starting up. By far I like the way you trade more then any other trader with the big stop lossses and big gains. I am interested in the services you provide for your students and would like to learn your other systems.
Any Info would be appriciated. I know you are busy.