Hi guys, as i've agreed with kor4x in going to post 10 trades taken following the system rules, they are pretty simple, all indicator blue, you buy, all red you sell... Im going to check the main trend on Dayli tf and then entry on 1h tf... The tp will vary, if the trend is bullish and i have bear signal i will try and take at least 30-50 pips... if the signal is trend follower i'll try at lest 100 pips...
Yesterday i took the first trade on gbpgpy, is still running at 80 pips profit... trailing at 50 pips,
I've modified the parameters of the bb indicator on 1h tf in order to try avoiding false signals
didnt make it to 100 for 5 pips!! stoped out at 65... i think for a wolfe wave in oposite direction... but didnt take it, waiting for next signal
Last edited by kidrock82; 04-20-2012 at 12:38 PM.
keep the strict rules, no cheating, no changing, i am keeping my fingers crossed :-)
hi kor, just closed the gbpjpy at the 3rd support of fibonacci (just to bank a little), 70 pips more or less, eurjpy still going... , no cheating, you can always check in your charts , i ve chosed the jpy cross because they seems to have less whipsaw and give less false signal
Hi guys, today i've got 3 signals, on eurjpy, gbp jpy and chfjpy, i've closed manualy the chfjpy after 40 pips profit, the gbpjpy managed to activate the trailing stop at 20 pips but turned downside and close at BE, eurjpy is currently at 25 pips profit, but it has spiked out and activated the trailing sl, now the price is falling down, maybe it will close at 10 pips profit...
here the pics of the entry of this morning:
so far 6 trades, 0 loss, i will have to work a little on tp maybe, 100 seems to be a little hard for intraday target, 80 pips seems to be much easier...
Last edited by kidrock82; 04-24-2012 at 02:25 PM.
do we have a Graal :-?
100% success ratio! ...or it's your skills kidrock :-)
well done, anyway.
with only 6 trades it seems to early to call it Holy graal ahahah , with korharmonics i managed to have 17-18 consecutive profit trades , that was awesome, unfortunately was also demo account ahahahah... By the way, i'm just following the rules, also in eurusd chart or gbp usd chart this sistem gives more false signals, that is why i'm using jpy cross , they have less spike, high volatility, the bad signals give you the oportunity to go in BE in many cases... It's still too early to give a proper opinion, let see in one month... Maybe then we could also do an EA
before you fall asleep tonight, please think if this indicator can be in any way used as confirmation in AMPmonitor :-)
Uhm, i dont know kor, for me a good confirmation method in harmonic trading is one that give you an hedge, something that help you to predict where the price could reverse, like the one of joswald, or the timebands, or also the fibonacci support and resistance.. Also harmonic trading is all about little risk big rwd, in this system the indicators are all lagging one, i mean they give you the signal when the price is already in late reversal... Maybe they can be used for add strenght to a running pattern... you know, you are already in an then the system give you a signal according to the trade that you have already taken... Of course you can adjust them in order to give you early signals but they could be false signals... I dont know how you can use them in amp
all you wrote is correct, but when you look and find different trading systems, methods, approaches on the internet ... you may find out a diamond that serves well as confirmation. Just keep you eyes open :-)