Hey Johnny, by all means be my guest you have alot to bring to the table (did i just say that lol) so go for it! I knew there was alot that would need tweaking thats why your input would be good. So thx for joining the party;)
Hi boyfx,
Thanks for the invite. Between your simple system and my more complicated system maybe all viewers can find what they want to use to trade. I will try not to move too fast as I tend to lose people when it goes beyond their ability to absorb my post. Help keep me straight and to the point. If I stray bark a few times. I do have a different view of things than you do but that is to be expected. Most traders fail due to looking at the indicators and not the chart. I’m hoping this system opens their eyes and yours as well.
[B]Everything should be as simple as it is, but not simpler. [/B]
[B]Albert Einstein[/B]
Thanks again,
Johnny
Hey Johnny,
It’s funny… when i first looked at what i was doing with the macd i thought this is simple enough but neglected a few things and looking at it now i don’t think it would work consistently for long.
I have another strategy that i would like you to comment on. I will post it later on today, have to take my sister inlaws boyfriend somewhere, then i get to it.
Cheers
Boyfx;)
Hey guys,
Ok this is by far better then the other amature strategy that my blonde little head could come up with LOL.
Ok this time, 5min TF… KG Support & Resistance indicator…and…well…Nothing else… Ha. I know Johnny atleast you will be happy i’ve gone the way of S&R lol.
Now the KG S&R indicator has 4 diff TF, 15, 60, 4hr (blue line) and daily(red line), i use the 4hr and daily and just set the 15, 60 min to false in the inputs.
ENRY BUY: When a new support appears (blue, red line under price) BUY… Wait for a new resistance to appear and exit or reverse your position and SELL. Set stoploss 5pips below support. If i buy off the daily (red line) i will wait for price to find a new daily level.
ENRTY SELL:When a new resistance appears (blue, red line above price) SELL… Wait for a new support to appear and exit or reverse your position and BUY. Set stoploss 5pips above resistance. again If i sell off the daily (red line) i will wait for price to find a new daily level.
The S&R lines do not appear on the first candle so don’t freak out and think you have missed the trade. You can use some other indicator to decide exactly when you get in, but if price is close enough to S&R then i will just enter.
Today i sold off the 4hr resistance and i am still in the trade sitting at…quick check…around 130pips!! So i guess the name of the thread may have to change lol.
Anyway i have attached some charts, to give you a visual, along with my tpl and KG S&R indicator. Feel free to add to it or just tell i’m a fckn amature and i’m gonna lose my money hahahah.
Ohh and the pairs i’m using are GBP/JPY and GBP/USD
Boyfx;)
New Compressed (zipped) Folder.zip (2.81 KB)
Still in the trade moving stoploss to +30pips and off to bed, see what happens?
Hi there boy fx i`m a bit dumb so can you please explain a bit more when to take a trade as all i need is 30 pips per day,thanx
Hey Mattpayek,
If you have a look at my post i think it’s #44, i have some pic’s there along with the indicator and my template. The first pic pretty much sums it up. All you have to do is wait for the red or blue line to appear then enter, if the price is say like 70-80pips away from the support or resistance look to another indicator like stochastics or macd or something like that to get a entry a bit closer to the support resistence. Exit when a new support or resistance has appeared. You are buying support (dots under price) and selling resistance (dots above price). Just use the 4hr (blue) and daily (red) on the 5min chart.
Stoploss 5pips under support and 5pips above resistance.
As for the trade i’m in now it looks like i’m going to be taken out for +30pips well as long as i can get that 30pips at the end of the day i’m happy:D hmmm…at 50pips maybe i should just take it.
Boyfx;)
Hello mattpayek,
The when of trading is the simplest of questions. Trade when the volume is greatest. This would be all the major market opens such as the Asian, London and the New York. The major moves occur every one and a half hours starting at midnight eastern time. News can and will enhance the move in the direction of the current trend and create sharp reversals after completion of the current move.
Being ignorant of things is no crime but to do nothing to educate yourself is a tragedy. I hope you’re trading a demo until you’re over your dumb stage or your money will run out fast. Learn first and trade last. Live to trade another day. Below is an indicator to show you the opens, add it to your chart.
Trade well and prosper,
Johnny
MktOpen.zip (10.8 KB)
Hey Johnny,
Thx for the indicator. Now i remember why i didn’t like you at first cause you come across as a real a$$hole, but i accept thats just the way you put things, straight up and to the point!! and i like it LOL. The world ain’t always sunshine and rainbows, and someone that has some sort of idea needs wake people up.
Anyway thx for the indi.
Cheers
Boyfx;)
Setting your stoploss to a setting of 5 pips is a recipe for disaster. You are asking to get stopped out fast.
Johnny
Ohhh i forgot to ask…how do you use the indicator??? you know kinda blonde hahahhah!
Thx Boyfx;)
Ohk cool thx for the input, but would you like to give me something abit more then that yoda hahahahahah jokes man jokes!
Trade closed for +85pips! bedtime… CBF!!!
so when do they appear after a few candles or…
ceers 
mattpayek,
The lines will appear when there is a full moon at the first of every month as long as Venus lines up with Saturn. LOL. Or is that only the Aussie way? I guess it depends what planet you�re viewing it. If you see no lines at all then check to see if you really have it attached to the chart.
Originally posted by mattpayek,
so when do they appear after a few candles or…
Trade well and prosper and have some fun along the way,
Johnny
Hey boyfx,
That�s like the pot calling the kettle black only with a lot of swear words thrown into the mix. Besides if the shoe fits wear it. Waking people up is what I do best so when do I give you a call to get your ass out of bed. LOL.
Sleep well and keep dreaming,
Johnny
Originally Posted by boyfx,
Hey Johnny,
Thx for the indicator. Now i remember why i didn’t like you at first cause you come across as a real a$$hole, but i accept thats just the way you put things, straight up and to the point!! and i like it LOL. The world ain’t always sunshine and rainbows, and someone that has some sort of idea needs wake people up.
Anyway thx for the indi.
Hey Johnny,
Hahahahaha i love how you put things. When your ready to wake me up go for it, to much sleep is not good for you anyway! Hope you didn’t take the a$$hole thing the wrong way, well…you still seem like one, but the more i talk to you the more i seem to like you.
So Yoda what would you be your advice for the stoploss? you still didn’t answer.
Thx for playing in the thread with me it’s a blast.
Boyfx;)
Wow you nearly had it, it’s the first full moon at the first of every month as long as Venus lines up with Saturn, but the moon has to have a smiley face on it if you can’t make a smiley face then there is no trade. I remember reading about a guy that traded according to the moon, think it was called moonphases or something like that. But i think trading with multiple planets is much better, gives me a much more clearer picture of what the market is doing LMAO:D
LUV IT!!!
Boyfx;)
