allangenex
Senior Member
Posts:4202
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| 13 Jul 2009 09:15 PM |
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Posted By farizu on 13 Jul 2009 09:12 AM
Posted By allangenex on 13 Jul 2009 07:58 AM
One thing about this system is when you miss out the opportunity to enter trade, do not attempt to trade even if it retraces back the supposedly enter price unless you see a confirmation from the MAs and MACD.
allan, what pairs have you tried this strategy on so far? Is it any good on our favorite pair gbp/jpy?
No, it doesn't work on GBP/JPY as this pair is way too violatile. |
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maungv
Senior Member
Posts:1475
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| 13 Jul 2009 09:30 PM |
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thanks allan  so there will be only 1 valid signal on my chart rite, the first sell. |
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allangenex
Senior Member
Posts:4202
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| 13 Jul 2009 09:49 PM |
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Can you post your chart here? From my chart, there isn't any sell signal. |
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maungv
Senior Member
Posts:1475
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| 14 Jul 2009 01:31 AM |
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 this one... |
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allangenex
Senior Member
Posts:4202
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| 14 Jul 2009 02:55 AM |
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This one is the correct signal. By the way, i can't see your MACD setting. Is it according to the system? |
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maungv
Senior Member
Posts:1475
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| 14 Jul 2009 04:35 AM |
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yes it is, fast ema 5, slow ema 31 and MACD sma1 |
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allangenex
Senior Member
Posts:4202
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| 14 Jul 2009 04:42 AM |
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From the chart, it seems like an old signal. I thought you are refering to now. Anyway, there should not be any signals now for both EU and GU. |
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maungv
Senior Member
Posts:1475
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| 14 Jul 2009 05:08 AM |
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yes it is. what I ment about the first sell is refering to the sell signal on the chart I ask U to evaluate |
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allangenex
Senior Member
Posts:4202
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| 14 Jul 2009 05:14 AM |
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Ok, i see. You got it right. Probably you would like to post the next signal using this signal? I will confirm it. |
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maungv
Senior Member
Posts:1475
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| 14 Jul 2009 05:25 AM |
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okay... anyway does this system do well in ranging market? |
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allangenex
Senior Member
Posts:4202
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| 14 Jul 2009 05:34 AM |
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 I am trying this system on a 15min timeframe. Just in time to get a sell signal. Target price: 20pips since it is a short timeframe or when the MACD starts to diverge. |
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allangenex
Senior Member
Posts:4202
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| 14 Jul 2009 05:39 AM |
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Actually i entered this signal rather early. I overlooked that the candle actually starts without touching the MACD line yet. Uh oh... Anyway, i place a stop loss of 20pips as well. Just to evaluate this on a 15min TF. |
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maungv
Senior Member
Posts:1475
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| 14 Jul 2009 05:49 AM |
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yup, should wait for another candle forming rite..? I'll try take a look at 15 TF tonite. now I gotta go will be back 2 hour from now thanks for always share your knowlege here Allan |
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allangenex
Senior Member
Posts:4202
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| 14 Jul 2009 05:52 AM |
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 OK.. going close to my TP soon... another 9 more pips to go... |
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allangenex
Senior Member
Posts:4202
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| 14 Jul 2009 05:56 AM |
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Oh, if some of you notice, i inserted Barry's resistance and support indicator. That can be used as a mean to TP and SL. My personal opinion. |
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allangenex
Senior Member
Posts:4202
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| 14 Jul 2009 06:00 AM |
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 Decide to close my trade at plus 10pips as the price failed to move beyond the support line and started to retrace. Better to be safe than sorry.. Even 10pips are better than 1pip.  |
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allangenex
Senior Member
Posts:4202
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| 14 Jul 2009 06:03 AM |
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Thought it would be good to keep track on the profitability of this system
Score board for this system (1hr):
Total wins: 3
Total loss: 0
Trade done by: Allangenex
Score board for this system (15mins):
Total wins: 1
Total loss: 0
Trade done by: Allangenex
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maungv
Senior Member
Posts:1475
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| 14 Jul 2009 08:27 AM |
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 is this the rite signal? hmm for 15 TF I think using 20 - 30 pips TP would help |
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maungv
Senior Member
Posts:1475
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| 14 Jul 2009 08:51 AM |
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 after the news release.... now it's sell... allan or enybody else, plz evaluate ... need learn a lot  |
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allangenex
Senior Member
Posts:4202
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| 14 Jul 2009 06:27 PM |
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Posted By maungv on 14 Jul 2009 08:27 AM
is this the rite signal? hmm for 15 TF I think using 20 - 30 pips TP would help
For 15mins chart, 20 to 30 pips may be too much to bear. Probably a 10 to 15pips should be the range. The signal is correct. |
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