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I only use 4H charts, I have to work alot of hours and don't have the time to spend watching charts all day.
I came up with a system that uses the Stochastic(62,1,5)
When it's above the 50 line I'm long,When it's below the 50 line I'm Short.
I'm able to catch the trends and also keep my sanity by not looking at charts all day long.
You could also use this system on any time frame, Just depends on how much time you have to look at charts in a day(Works very well on 15M and 30M charts)
You should check out AUD/CHF
It is a trend players friend.
That and E/J are the only two I have played over the last month.
crosses did their Chrtistmas shopping at the "Gap"
Please put this post on reply as a sticky!
This is going to change the game.
I know it might seem like I'm on your ass but I need to work with people like you to make me better.
I see things differently then most and I'm on the verge of creating something very special.
Hopefully you can look past my harshness and we can work together and create a way where we can all make a living at this.
My way of looking at things is if I do what everyone else is doing then I will have no chance at succeeding.
Sounds harsh but it is the absolute truth.
Hope you are having a Merry Christmas!
Wave counts are always correct after the fact!
I would continue your wave count in two weeks.
This and next week are going to be low volume and any system is not going to be correct without normal volume.
FYI. Just trying to be a good guy!
I'm a turtle trader!
Hows the wave count on E/J?LOL!
Should I expect this low of volatility all week?
Volume has dried up like grandma's you know what.
Cad/Chf Going for the uptrend cross at 84.04
Looking more like Adam and Steve
They just brought it down to trigger stop losses and to manipulate people who count waves to think it's going down.
Counting waves is Monday morning quarterbacking!
If counting waves could make money then I would be counting waves,I count waves in sets while boogie boarding.
Maybe you should ask your buddy clay trader who I am!
Your not the only one who posts on here who was a mod on his board.
Trend change is now set at 141.40
Now that I talk chit it will probably drop like a stone!
No dought that it needs a little correction to the downside.
On the other hand,I thought that is was do for a correction 400 pips ago.
That is what caused me to change my whole outlook on things.
I needed a system to buy when this happens and sell when that happens, I have no emotions involved in my trading.
The need to be correct can bury your account in no time.
When the euro market opens it will tell us alot!
E/J is at a crossroads, Either it continues to go up or it goes down
Still waiting for that crystal ball I ordered on Ebay!
Not a target!
That is when I sell my long and go short.
When your a trend trader 60 pips is just a drop in the bucket.
Will see, I just follow my charts and don't try and predict the future.(EJ)141.20 is the key to a reversal as of now.
You need to slow your roll!
Your the one who said follow the trend.
The trend is up!
The yen isn't worth anything, The shit is going to hit the fan.
I wouldn't take my post personaly,Forex can bring out the animal in us all!
There is no dought that this board has passion and were all after the same thing(Money)
One trend stratagy I have been working on is the Chinkou span crossing a particular moving average.Every time frame has a different moving average, I like the 60 min.(E/J)with the Chinkou crossing the 200ema.
I thought is was going to cross below this morning but it bounced right off of it.Last time it crossed was Nov.8th and has had a 800 pip run so far.
P.S.No more posting while drinking(I can be a real asshole)
This is the strangest board on IHUB,
You people are taking two steps back every month.
Let's all follow the trend!
Like that's some big discovery.
How about them Chargers!
Check out this system, I put this on my chart and also a few other things(slope direction)(coral)
http://www.forexfactory.com/showthread.php?t=252157
This is the only strategy I have found that works over time.
Don't expect 100% success rate but you will catch the trends and get out of the headfakes before you lose everything..
All you need is the Chinkou span from the Ichimoku cloud and a 62ema.
Chinkou cross above the ema your long,Chinkou cross below the ema your short.
Use 30M charts and above!
To get just the Chinkou span on your chart and not the whole Ichimoku cloud, go to the color section in the ichimoku cloud and instead of selecting a color select none for all except the Chinkou indicator.
That would be sweet!
Aussie crosses looking like a nice bottom play on the 1 hour charts.
This video sums up what yesterday on E/J was all about,
Banks took it lower to get more cheap shares before they ran it.
This girl in this video is one of the best I have found on Youtube.
TSN looks like a good short play for after ThanksGiving.
-DI under 5,CCI curling down,Trix(3,3)crossed back under the upper BB..
Looks just like it did in mid August.
Turkey Pot Pie,My fav!
Wish I could agree with you, I can't see how what your doing is better than the slow sto(144,1)with the 200ema.I've back tested this chit and it's the real deal!
I posted an old school zoomed out HA indicator next to the new slow sto.All of this is a work in progress,Looking to work with people who want to do something original.
Wave counts=Monday morning quarterbacking. You can't predict them, They look good when the wave have already crashed.
1H seems to work well,Looking at it last night the 15M didn't look to shabby either.
I haven't tried your Heiken ashi overlay yet,Are you seeing that it works better than the 200ema?
That A/C looks like it could be getting close to a bottom,has to be about time for gold to bounce a little.
Lets just stick with our system,I think we found a good one!
Even though I ended up losing 15pips on the short E/J play yesterday I'm up 75pips on the long E/J play as of now.I like it because it's black and white,Buy when this happens sell when that happens.No emotions are envolved!
Back test it for just November,You would be up around 500pips so far for this month.
I'm still short E/J even though I was 110pips in the green earlier. I'm trying to create a system to take emotions out of trading. Maybe it's because I'm just playing a practice account or maybe it's that I'm drunk off my ass, Butt I'm sticking with my system. It has back tested better than anything I have tried so far.