Hi, what do you mean ? … lol im new to forex still learning im not actually trading at the moment im just looking at charts and reading up on forex in general so i can learn.
This system as per Joe is to be traded in the asian and london sessions, the NY session is too unpredicable.
ahh i see, thanks traco1
Hi Dood thank you for your comments and I’ll do my best just to serve you
Happy trading
The difference between the standard signal and unwritten code is on the final result. Signal based on the code always produces a larger pips. This is understandable because the code signal has a wider range. Here is an example of the code in the 30m as a comparison of the code in the 4h before.
Do you want to see your money grow over 20% every month? use the money management and your nick will change to Riches Dood or Traco Riches or Big Dan in the next 5 years.
Instead of thinking about where you are, think about where you want to be. It takes twenty years of hard work to become an overnight success."
Diana Rankin ( admin).
Sorry Joe, you kind of lost me there with the unwritten code stuff, but I will keep trying to perfect your system. Or maybe Sweet can explain what you mean.
Hello my friend, I have not explained about the code, but I will soon show you that you are not curious. LOL
I am going to find some valid signal at 4h.
AUDUSD caught my attention because the target is long enough.
Buy AUDUSD from 0.8635
Stop loss at 0.8540 = 95 pips
Target 0.8860 = 225 pips
How to entry :
If your capital is $10.000
$10.000 x 2% = $200. $200/95x100= $211
Entry $211
If your capital is $5.000
$5.000 x 2% = $100. $100/95x100=$105
Entry $105
If your Capital is $1.000
$1.000 x 2% = $20. $20/95x100=$21
Entry $21
Please use demo account if you are still in doubt.
If the stop loss are executed, then the trend has changed direction.
Happy trading
[I]"There are two kinds of failures: Those who thought and never did, and those who did and never thought."
Laurence Peter[/I]
AUDJPY was on its way to 81.33, please don’t buy now because this pair is in the middle of the journey. I will wait, if it falls to 78.30 I would buy with a target as I have mentioned above.
This is a 4h analysis not for smaller tf.
Happy trading
hi joe100,
i’ve been going through your thread for quite some time, and infact i’ll said that you have such a wonderful system to share with we newbies. i’ve been playing with the system, to know if i’ll be familiar with it. but i have some few questions for you which if answered will help me go a long way with your system.
- you said that the RSI settings is 9 in one of your post but i saw 14 in some of your charts, so which one best goes with your system?
- is there any indicator that can display the top and the bottom area in your charts apart from using stochastics?
Thanks once more for sharing the system.
Hello Mali, thank you for your kind respond and I suggest that you go to my new thread, indicators do I really need you, and you will find a simple method to trade.
Happy trading
Hi Joe:
I am sorry for past few days i could not be in touch. Actually i was setting up all the indicators that would not work with the trading station i had. So i changed it and now all your suggested indicators up. Hope you can help us become succesful trader like you. So far i have tried so many strategies but i make money in demo accs but in real acc a loss. I have tried to keep the descipline and tried to go checking Resistance, support, multiframes and different indicators which mostly change after i enter. Something wrong i must be doing. Now i just wanna follow your guidelines.
One question while trading from M30 chart do you make sure anything in 1hr, 4hr or daily chart? if yes what would that be? Also please keep posting when new trades are identified. I trade NY and Asian markets mostly.
Thanks once again for being so generous and helpful.
Hello Bigpips007, there are only two conditions to get success in forex market, first is discipline to follow your indicator signal and the second is discipline to use money management. If you lose 5 times x 2% and win 10 times x 4%, your total profit for that month is still 30%.
Sometimes you can make 6-8% gain from one single trade if you follow the rule properly and if you compound your capital every month you will achieve your goal target in the next 2 years.
If trend in 4h is bullish ( all indicators are green ) then you have to wait a chance to go long, don’t try to follow your gut feeling to go short.
i will give you signal based on my personal trade and you must follow it with money management rule and I hope your account will grow 30% a month if you trade GBPUSD or EURUSD but I prefer to trade during europe and NY session.
I will give you signal via my ym and they are free for 2 years long. Please always open your ym during these session.
Happy trading
Whats a ym ?
Yahoo Messenger.
Very good ym :rolleyes:
how this can follow your Joe100:cool:
A+
Please could you send me the indicators
Thanks!!
Thanks Joe for your help. I have two question. Do u have my ym? it is riainvestmentinc. Please adddddddd me.
Second… what if daily is in a downtrend and 4 hr trend has been in downtrade but if it’s ranging upwards wouldn’t it make 4 hr trend to change? What would you consider trend in 4hr chart?
Please clarify.
Thanks again
Hi bigpips,
Hope you don’t mind me stepping in, temporarily until Joe answers, with my interpretation.
If the daily is still in a downtrend and the 4H is starting to range upwards, it could be a correction or countertrend, which if so, will then turn again downwards and be in sync with the daily again. Price moves in waves within waves.
When the CCI and supertrend is red, that’s a downtrend, when they’re green, that’s an uptrend.
When the CCI is yellow, that is considered rangy and is considered a no trade period and one needs to be patient. There will be times, days even when there is no trade on a particular pair, or pairs that are very correlated.
Hope that helps