Yes, in my previous message “sYgnals” means “sIgnals”
hi all,
chasing, that’s a great way to end the week, good for you. i am late reporting again today due to several obligations. anyway, here are the last two trades of the week.
2:15 short, .7001
2:25 exit, .6993 +8
8:05 long, .6926
8:15 exit, .6941, +15, +23
march total, +489
2:00 +137
8:00 +113
3:00 +116
7:00 +136 (-39)
HAVE A GREAT WEEKEND EVERYONE!
goji, bernie
Hi Bernie, I have followed your posts and been experimenting with your system. I was wondering a couple of things though.
-
Which currencies do you use? It says at the first page USD/CHF but your last post has numbers like 0.7xxx which is far off from USD/CHF
-
Do you make a trade even when a candle without any high or low shadows closes above/below the 10 EMA? Example: if I want to go long and I see a candle close above the 10 EMA but the candle has no shadows, should I still go long? Or just skip the trade?
-
Do you make a trade when a candle might close just above the 10 EMA?
Example: Lets say the candle that just closed was a 15 pip long candle but the close is right above the 10 EMA as in it closed 2-3 pips above the line while the rest 12-13 pips of the candle are below the 10 EMA line.
Oh also I’d like to add that the first day I had heard about forex trading was just about 3 days ago. So if I sound stupid or anything that might be the reason 
Also answers are highly appreciated thank you
Edit: Maybe I should mention that I did not read all 88 pages O.o?
hi dean et al,
forex is the greatest game in town if you know what you are doing. if you do not, your time here could be short lived. that said, welcome aboard.
i have changed from the original twice. some of the guys that contribute are still using the second method. that is the one that i will offer some comments on. some platforms do not offer starc, oanda, which some of us use does. now, i will not confuse you. i truly believe if you learn the rudiments of the second method, you can make a nice profit. i believe post no. 357, provides a review, but i am guessing that.
any close above/below the ema sets the stage. your entrance is the nearest 00, or 05, always. normally, your TP and S/L are pre-set. as price moves in your favor, you move the S/L until you get executed or until your TP is hit. this strategy employs the e/u, on a five minute chart.
over the weekend, i will search those posts which may further assist you. i know 88 pages is very long, but since you are just getting started, my suggestion would be to take the time and read everything. trading is much more than just the strategy. by reading everything you will get a true flavor for what i do.
do not hesitate to ask additional questions.
goji, bernie
Bernie, it looks to me you are going to reach +500 this month! Way to go!
And I found another misprint in my morning post:
“9:00 - two GC orders based on 9:00 candle”
- based on 8:45 candle, of course. Sorry.
I hope you didn’t just jinx him chasing!
Well, amazing month guys. I seem to have traded this system only in the absolute worst time! I’m not bitter, still might be back someday (and I still eavesdrop on your posts on a daily basis). I saw there was a new person inquiring. I think part of the benefit of reading this entire thread from the start is that you get to take a glimpse into the minds of we who have traded this sytem. Like, perhaps some will be helped by the mistakes I made and posted about in this thread (at least I hope so!). Have a good weekend pip-takers!
hi all,
lavaman , good to hear form you. concerning the jinxing, what ever happens will happen. my goal several days ago was to maintain the +400, so i am ahead. rookie, the post is actually 307, but i would still read everyhting as lavaman suggests. he, along with chasing, et al, have offered quite a bit to the overall. again, it’s not just the system or systems, but how you, each of you, put it together.
later,
goji, bernie
hi all,
i am not going to count this into the log for march, because i did not tell you ahead of time that i might do this. anyway, i just took +20 pips on the e/u, using two factors. i had my starc chart on a 15 min. chart and the e/u gapped down on the open. now, some of you may know, and some may not. GAPS REFILL A HIGH PERCENTAGE OF TIME. now, i did not play the refill, i got on too late. i figured however, correctly, that after the refill it would go back down. that said, on the 15 minute chart, used so i could get all of the starc lines, when the upper line was breached after the refill, i took a short. as indicated it produced +20 pips. i point this out because there are many newbies who come on board and read some of these. i provid this to you as a learning experience. plus, chasing will be happy, since i used the e/u.
later,
goji, bernie
Hello Bernie,
Yes, you’re right, I am happy that you may be back to e/u, :), but I do not quite understand what you just did, except that you got 20pips:).
Would you define a “gap refill”, please?
Thanks.
hi all, chasing,
in forex it is rare for a gap to occur other than a sunday open, though it can happen. anyway, the close prior to today’s open was 1.3278. the open at 5:00 pm was at 1.3227, or down 51 points, with a big gap indicated. when i saw what happened i was alerted to a possible trade. i think oanda only opens at 7:00 pm anyway. now, i know that most gaps re-fill, so i figured it would move back up to 1.3278, or close to 1.3278. it did, and that closed (re-filled) the gap. at that point, i anticipated a move back down. i did not have all of my starc lines up on the 5 min. chart so i moved to the 15 minute chart. when price closed above line one, i entered a short, at 1.3282, at 7:12 pm. i closed this trade at 1.3262, at 7:30. now, i will admit that after a gap fills it does not have to go back down as this trade did. thus, the gap alerted me to the trade, but i placed it off of my normal strategy using the starc lines, albeit with the e/u. i hope this helps, if not, do not hesitate to ask questions.
later, i do not think i will trade at 2:00 am tonight, unless i can’t get to sleep. thus, i may see you next at 8:00 am.
goji, bernie
Entered
8:55 1.31900 and got chickened out at
8:58 1.31871 but thank you for the small profit lol…
hi all,
well, i am not sure about that last post??? anyway, for today and tomorrow i will be using the one minute chart. this is being done to limit my losses, should they occur. thus, chasing, et al, i am going into greater shut down mode. i simply do not want to give anything major back. this morn’s trade:
8:02 short, .6816
8:05 exit, .6810, +6
march total, +495, NOTE, SHOULD I BE FORTUNATE ENOUGH TO GO OVER +500, I WILL QUIT TRADING FOR THE REST OF THE MONTH. (march)
2:00 +137
8:00 +119
3:00 +116
7:00 +136 (- now +59, not counted in this total)
see you at 3:00 pm
goji, bernie
Hello Bernie, everyone,
This morning trades:
8:10 - 10X short at 1.3185 - exit at -3. (it’s a new thing for me, to exit a trade in negative except for the SL. I was just lucky this time):o;
8:30 - 10X long at 1.3200 - exit at +5;
8:55 - 10X short at 1.3190 - exit at TP +13.0
-Hi K7420, let me ask what you did that you exit this trade at +2.9?
10:10 - 10X short at 1.3135 - exit at TP +12.9.
+27.9 for the day; +244.6 for the month.
Best of luck, everyone.
Bernie, regarding the “gap refill” idea, thanks for the explanation.
“i think oanda only opens at 7:00 pm anyway.” - it is my understanding that with Oanda you can, actually, buy/sell at anytime, even on Saturday, so this should not be a barrier to trade earlier then 7pm Sunday. But the 10pips spread looks scary:D.
hello, I am totally new, so I hope this question is not stupid.
I am using a metatrader4 demo account with alpari, and their spread on usd/chf is 4 pips. So often when I try your method and buy/sell when the candles close above/under the ema, I always start with a loss of -4, so if I make a profit of 6 pips, I only would have made 2 pips.
so why are you using usd/chf, doesn’t eur/usd have a much lower spread?
kimchikim -
You might want to take the time and read the whole thread. Bernie has changed the system a few times and the bulk of the thread deals with the EUR/USD.
To others, I’m trying some various things on demo right now, but I took a goji trade today with the starc bands and grabbed about 10 pips, right on!
Lavaman,
Nice to hear from you, how’s everything?
Kimchikim:
If I were you, this is what I would do in this situation:
- Read the whole thread from beginning to end;
- Run the strategy on demo;
- Read the whole thread from beginning to end;
- Run the strategy on demo;
- You’ll see yourself when you’re ready.
- If not ready, repeat 1-4.
All the best.
It was my first try so it’s normal for anybody to get scared if the price doesn’t make a clean break for a few minutes after entering a trade.
hi all,
k, lavaman, chasing, you guys are good. you have provided k with very good responses. k, i just looked it up over the weekend. you may want to read post 307, however, i must suggest you take the time to read everything. there is much more to trading than a good system. lavaman and chasing are very much aware of this. now to the afternoon’s trade. i wanted 5 pips, got 4.2, and then it reversed. i took the BE and we’ll come back at 7:00 pm. k, i would also suggest that my actions now are atypical. i am looking to generate five pips right now because it will get me to 500. that is my motivation but i will still have a pretty good month whether i hit that goal or not. also, my forum is all about what i do and now what some others are doing, which may be a little different. as such, if you can learn from this, all the better. i mention this because i know there are numerous newbies that come and go. the long timers here, as has happened, will help you, and that is what it is all about. do not hesitate to question anything i do. i think the long time readers will verify, i usually have an answer unless they beat me to it. the 3:00 pm trade:
2:55 short, .6787
3:02 exit, .6787, 0, +6
see you at 7:00 pm,
goji, bernie
hello, sorry for my lame question but I dont understand the strategy 
i will read the whole thread but it’s useless when i dont understand the first post
“with a close above 10 ema, place a buy stop at the nearest 5 or 10 above the high of the closing candle. if the high was 1-2-3-4, set buy stop at 5; 5-6-7-8-9, set buy stop at 10”
please cound anyone make screenshot when enter the trade?
I undestand it like this - first price have to be below 10ema, than i have to wait when price go above 10ema and closes and than i wait if next candle will go higher 5 or 10 pips a make an entry? I dont understand what is “nearest 5 or 10 above” - you mean pips?
and by “if the high was 1-2-3-4” you mean if the closing candle is higher than 10ema of 1-2-3-4 pips?
and someone know if there is BUY STOP on FXCM platform?