Simple System
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lukx wrote:Carlos I notice new trade on your stats: 25868576 2009.07.23 03:50 buy 0.50 gbpjpy 154.38 153.88 155.38 2009.07.23 04:04 154.73 0.00 0.00 0.00 186.02 .
There was buzzard, top of the channel , everything was saying to short and you went long and you were right.
Thats because it hasnt been a retrace signal, even if the price is now above the regression channel, but, I think its goind to retrace any moment now.
A friend just got 300 + pipa on that trade.
We are developing another system, that Im going to share soon
Regards
Carlos
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dpb wrote:Carlos -
Thanks for sharing your system and trading style. I'm interested in using the regression channel on the Daily timeframe. Would your custom settings apply to those charts? If not, what settings could I try for them?
Best Regards.
I use only 45 bars on the daily TF. just remember that the movements are bigger in both ways.
Its a good idea to use TRO´s BZ-SZ on opening candles.
lukx wrote:Carlos how's the new system coming?
I doing quite well.
The key is to use daily opening candles ( JPY & AUD market open)
http://www.2009.worldmarkethours.com
Its basically TRO Buy Zone , modified by a good friend (Helmy Har)
Try a 30 pips Buy Zone or Sell Zone for GBPJPY, and let it roll.
You can use almost any pair, but GBPJPY, EURJPY and GBPUSD are the ones Im using the most
http://csbueno57.mt4stats.com/
Demo it. You´ll be surprised.
Let me know if You have any questions
Regards
Carlos
Last edited by csbueno on Thu Aug 06, 2009 3:27 am, edited 1 time in total.
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Carlos
Your first link for world market hours isn't working because of the period at the end. You can login, and go to the post and select edit at the left corner and delete the period and it will work. -- Patch
Your first link for world market hours isn't working because of the period at the end. You can login, and go to the post and select edit at the left corner and delete the period and it will work. -- Patch
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO
csbueno wrote:Try a 30 pips Buy Zone or Sell Zone for GBPJPY, and let it roll
GBPJPY is very fast and furious moving monster.
The problem with Buy Zone is, that
at very first minute of the hour
you don't know for sure (most of the time),
where price will go - up or down.
Which trade to place: buy or sell? If you cannot predict,
it's like a gambling.
Trying to put 2 limit orders at the same time (one buy and one sell)
also not always helps: because price could move up (slightly) to
initiate my buy order and then wipsaw back to give a loss.
Also, sometimes - I don't even have time to place these 2 orders,
because price could start moving so fast, that it will be already in
Buy (or Sell) zone.
Note, that I'm not speaking about steady or trendy price movement
- all the way or down. If it happens to be continue during opening
minute of the hour (and further on) - Buy Zone is a hero.
But when price is hesitating, which way to go,
you're hesitating (even more) and usually
cannot even reach theoreticaly predicted 50% win/loss ratio
for unknown distribution.
It's interesting to try 30 pips BuyZone, what I haven't done
before (it may give more room to move),
after some significant loses on GBPJPY pair,
where even MBT spread is rarely less than 4 pips.
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