Indicators, Do I really need you?

neofrohawk · October 19, 2009, 2:18am

Hi Joe,

Newbie here, i have set up all the indicators and am ready to go. But I am having trouble understanding all the rules. Would it be possible for you to summarize in bullet point format for us.

Its great what you are doing helping all the newbies and I look forward to using your system.

Thanks

Joe100 · October 19, 2009, 9:23am

Hello my new friend,

My rule is very simple because I only use 2 simple methods to trade, and they are the standard signal and the code signal.

I am trading bacause I need money for living and that is the reason for me to use money management, small but save. My weekly target is 8% or 32% a month ( please read my post about mm).

Today I already made 6% so I only need another 2% for the rest of the week :).

Please read my thread " indicators … " in order to understand how I use standard signal and the code signal.

Happy trading

Following is the code signal,

markoc · October 19, 2009, 9:27am

hi joe
i was under the impression that you would post the signals here?
anyway, thanks for guidance and explanations

Joe100 · October 19, 2009, 9:36am

Hello Markoc, sometimes I have a problem to sign in so I use my ym to send signal ( free for 2 years from now as I would retired after that ) but I am glad to answer any question in this forum.

Happy trading

imran84 · October 19, 2009, 1:10pm

hi joe thankyou for your new post about code signal i was thinking maybe you only look for this code on 30 mins chart but last chart you posted it was 1 hour chat glad to know you can use both to find them anyway i did post a chart in this thread in weekend and i was hoping to see you comments on it joe thankyou
appreciate your good work (Y)

neofrohawk · October 20, 2009, 1:06am

Hi Joe,

Thanks for the response. I have read over all your posts and think I have figured it out. Please let me know if I have anything incorrect.

For Buy/Long M30

Standard Signal

CCI Green
Green Supertrend above EMA

Code Signal

Supertrend above EMA
Candle moves below EMA (can be no more than 80 pips, or trend reversal)
When price drops between 40-60 pips start to buy
Stop Loss = buy price – 80
TP1 = Fib 161, TP2 = Fib 261

rage999 · October 20, 2009, 3:49am

hi Joe, I am newbie on this forum and been reading both your threads on this forum and is slightly confused on when to use which. ie emacrossover signals and your standard and code signal. can you enlighten if there is indeed a difference? Btw, i have just send you a request to be added onto your YM. thanks

Joe100 · October 20, 2009, 6:15am

Hello Imran, in this case you forget the power of news. When prices are trending as influenced by hot news, then we should not use the code method .

Happy trading

imran84 · October 20, 2009, 6:19am

thanks joe for ur kind response so that means you have to keep an eye on news aswell shudnt trade the time of news release ?

Joe100 · October 20, 2009, 6:23am

Hello rage999 , I have not received your request, please try once again.

Joe100 · October 20, 2009, 6:40am

Hello neofrohawk,

as long as st is still above ema 30
SL is buy price -30 or it depends on your mm rule. SL can be set for 30 pips or 50 pips or more as long as not exceed 2% of your capital.

Joe100 · October 20, 2009, 6:45am

You are welcome. I suggest that you trade after the news was released. Btw how many targets per week do you want?

imran84 · October 20, 2009, 6:48am

hi Joe thankyou for your quick reply i would keep this in my mind trade after news released, joe can u tell me how often do u find this code signal situation in a day coz i dont think you do find many signals in a day am i right? also i would be very happy if i get 150 pips in a week . can u please add me to your Yahoo i did send u a private thankyou

Joe100 · October 20, 2009, 7:00am

Imran, my target is just 8% gain a week. If I set my sl to 40 pips that means I risk 2% of my capital for that trade, so when I win the battle for 160 pips my account will grow 8%. Actually am tired to explain about mm but this is the only way to win in forex market my friend. Lose 2% or gain 4-8% from one single trade. I’ve filled my weekly target yesterday so I am free now lol

You may ask anything in my ym.

Happy trading

imran84 · October 20, 2009, 7:41am

thankyou so much joe for ur kind reply am impressed with ur mm and i would keep it in my mind next time and would b waitin for signals from u on ym thankyou

imran84 · October 20, 2009, 1:14pm

Hi Joe ,
i have few question regarding reading secret code. i have traded 3 currencies 2day EUR/USD,USD/JPY and GBP/USD .i saw code signal on all of them and traded as they went 40 pips away from EMA and got my stoploss -40 from entering trade but all of them were negative and i got out of trade .i am very confused how to trade this code i have posted chart aswell can u tell me please where did i make a mistake i would be very glad
regards ,
IMRAN

neofrohawk · October 20, 2009, 11:06pm

Thanks Joe, can I be added to you yahoo messenger contacts list.
or you can provide me with your details and i can add you as a contact.

Thanks in advance

Joe100 · October 21, 2009, 1:40am

Hello Imran, I am also confused to see your chart. I just want to comment about cable.

Your “Code” comprehension is different with mine.
Real Code for Cable yesterday was LONG from [B]1.6355 [/B]Stop loss 1.6305
stop loss 50 pips or 2% of your account.
Take profit must be 4% gain or 2x50 pips =100pips or [B]1.6455[/B]

Happy trading

xtraction · October 30, 2009, 11:35pm

I am lost. Is the answer, “Yes, I really do need indicators”?

Joe100 · November 3, 2009, 4:11am

Is standard signal only work for gu pair? I don’t know either. But it will work if you use live account.