Follow The Bouncing Pip - page 227
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Is today the day?
I got GBP/JPY, EUR/JPY short signals on every TF - M30, H1, H4, so I entered short.
Did anyone enter today?
I got GBP/JPY, EUR/JPY short signals on every TF - M30, H1, H4, so I entered short. Did anyone enter today?
Opened EUR/JPY short @ 164.00, take profit order worked @ 163.50.
My second trade using the system, +85 pips so far IN A DAY!
Absolutely awesome.
Both trades could be better with a stochastic-type filter though, or simply a confirming bullish(bearish)/two-three neutral candles. If signal is given right before news, better wait for the news. These are simple rules I learnt so far, but Rule #1 is: The system is absolutely awesome!
Could anyone explain pls, what's the math behind ZigZag Pointer Alert?
its good to be seen, as it really beats the alternative ! mp
what arent u banned yet?!!! you've been ripping people off all over the place. check this site everyone. His been banned from there.
T2W Day Trading & Forex Forums
Update For Tuesday May 28th
Opened EUR/JPY short @ 164.00, take profit order worked @ 163.50.
My second trade using the system, +85 pips so far IN A DAY!
Absolutely awesome.
Both trades could be better with a stochastic-type filter though, or simply a confirming bullish(bearish)/two-three neutral candles. If signal is given right before news, better wait for the news. These are simple rules I learnt so far, but Rule #1 is: The system is absolutely awesome!
Could anyone explain pls, what's the math behind ZigZag Pointer Alert?Hey SVGuss,
Glad you are having success. I only trade GBP/JPY. I had no trade 2day. They did not all match up perfectly. See Below.
30min
1hr
4hr
Close but no cigar.
See you 2marrow.
Bear-
Hi, Bigbear. Could you please post your indicators? Thanks
Hi Bigbear,
I am a newcomer of this Elite room for 2 weeks ago.
This thread is so long, and I have read 20 pages, but I could not find where your indicators are.
Could you please kindly post your indicators together with trading instructions that are used for this trading method?
I am looking forward to receiving it from you soon.
Thanks and regards,
James Phuc
Hi Bigbear,
I am a newcomer of this Elite room for 2 weeks ago.
This thread is so long, and I have read 20 pages, but I could not find where your indicators are.
Could you please kindly post your indicators together with trading instructions that are used for this trading method?
I am looking forward to receiving it from you soon.
Thanks and regards,
James Phuc_________________________________________________________________
UPDATE 12/03/2007
Hello all,
First I want to thank all of you for the support. Forex11 & I never thought this would take of they way it did. Thank you.
Now down to business. As I said somewhere on this thread I would only be updating this original method with any new additions once I was satisfied with its performance & it still adhered to our K.I.S.S. methodology. So officialy I will be adding the MFI (Money Flow Index) with 80/20 settings. I will be & have been testing certain indis & possibly will be updating again in the near future. I would like to ask Forex11 (Co-Creator FTC) if he would like to post his methodology. Below is screen shots of the my current methodology.
I have 3 charts set up. A 30M, 1HR & 4HR.
If I see a signal like this:
I move on to the 1HR. Then I see this:
I move on to the 4HR & then I see this:
So as you can see I look for confirmation on all 3 charts. You can always take it off the 1Hr if you like but I prefer the 4 HR. When you see all 3 its a super strong indicator that it will go in that direction. Thats how I trade it. Simple & straight forward.
As for exits & stoploss. To make it simple if you use a 1HR GBP/JPY I reccomend at least 75 pip SL. on the 4 HR a 200 pip SL. As for exits you can use the next signal or a profit point of your choosing. As for me I use the MFI to see how close its being overbought/oversold, look for upcoming news that my affect your trade & to make sure my risk reward is at least 2-1. Never risk more that what you will gain. Put bluntly its stupid.
The indis below are the indis im using & the TPL. You must use the same indis I use otherwise the TPL wont work. But you can always just add the indis as well.
Take Care & good luck.
Bear-
_________________________________________________________________
Hey All,
I was trying to get help making an EA out of this & it was suggested that I post it here so people will get comfy with it.
Before I get into it I have a few things to say.....
Yes you will lose.
But with proper money management & practice you can do pretty good.
All the tools needed are available for download. This system only works on MT4 brokers.
Heres how it works.
On a 1 hour (aggressive) or a 4 hour (optimal) chart, place the ZIGZAG POINTER & NON LAGGING ZIGZAG indicator with the inputs supplied, on a candle chart with period separators.
How To Enter 4 Hour Chart
When you see an arrow & the Zig-Zag Line, go in that direction. Place your stop according to your risk appetite. I use at 60 on a 4 HR & 20 on a 1 HR depending on which pair you use (I use the EUR/JPY or GBP/JPY 1hr or 4 hr) & your risk appetite, you can set your goals. Your trade will go until you hit your goal or the next bounce with an Arrow.
If you dont see a new arrow yet, this trade MIGHT not be done. You have 2 options.
1)You can get out & wait for the next arrow.
2)You can adjust your stop to capture some pips & ride it out.
The reason I say that is because I have noticed that more than a few times the trend will bounce & retrace for a while, then continue. I have used the bounce as stop & a chance to add to my positions.
A few points are if the overall trend is long & you see a short signal, chances are its a small retrace so it is more risky. However its a good chance for a quick profit.
How To Enter 1 Hour Chart
If you choose to use a 1 hr chart I recommend that you get out at each bounce or your specified targets.
This is a serious trading system. I have been scoffed at about this but I have been using it.
If you have the time I think you should demo it.
Before I forget, yes the arrows move. If a new high/low is established, the arrow will move to the next PROBABLE reverse point. So backtesting is useless. Only forward testing applies & thats why I know it works.
Constructive comments & suggestings are welcome.
Thank you for your time
Bear-
As per Mr. Pips Request here is a link to all indis:
https://www.mql5.com/en/forum/177573/page102Hey newbestco,
Here you go.
Good Luck,
Bear-
Anyone who traded successfully today?
Hi Bigbear!
in the charts attached to your post #2270 you have quite a bunch of orange arrows. Are those the ones that were repainted but remained on the chart? I don't have them on mine, is it some kind of a modified indi?
AUDJPY opened short yesterday @100.70, should have been out @100.43, but went on, now going through a bit of jigsaw in the negative. Set a 50 pip stop loss and will let it run cause stochastic'n'bros family showing south, so we will see if the the guys lie or not, if they do I'll be calling Putin to sort it out. Never saw a bloke called Stochastic in Siberia, so there will be one
Sorry for unrelated joking, I'm just in a good mood today.
Get yourself pip deliveries in bulk this day and on everyone!
what arent u banned yet?!!! you've been ripping people off all over the place. check this site everyone. His been banned from there. T2W Day Trading & Forex Forums
no thanks, I really do not wish to signup for anything, if you have a beef with him then take it to PM or a moderator not in the thread please
thanks
Hi Bigbear,
I am a newcomer of this Elite room for 2 weeks ago.
This thread is so long, and I have read 20 pages, but I could not find where your indicators are.
Could you please kindly post your indicators together with trading instructions that are used for this trading method?
I am looking forward to receiving it from you soon.
Thanks and regards,
James PhucHello Just go to the first page.
Cheers