wanrayman Posted July 21, 2010 Report Posted July 21, 2010 ok for today's trade~ e/j = +30pips 1st lot +60 pips second lot = 90pips e/g = +30pips 1st lot B/E 2nd lot... total for today is 120pips... :) thank god~ been trading the 1h chart today.. my daughter is not feeling well so have to change my trading method.. i've found out that on the 1h chart.. when a signal comes pops up.. 30 - 60 pips within 2 hrs is a no problemo for the system.. so decided to try this sort of TP for this week.. SL is about 30 - 40 pips... (if 1 bar moves around 60pips might consider tightening your lots not SL.. as u need to give the pairs some room to breath as some traders are taking their profit off the table) may we all make some pips tmr.. god willing~ good night guys~ :) Quote
fx4_ever Posted July 21, 2010 Report Posted July 21, 2010 (edited) no fx4_ever i dont... as the 4hr osc changes its color.. after the 4h bar closes (only if the market moves) i usually just watch the first and second osc... i just wait for the both buy/sell pressure turns to red, fdm fast trend red and fdm ftc red, osc on current (i.e 30m) and higher (1hr) for short and vice versa.. if the bar is more than 5.. i would skip the trade.. so usually i would be in a trade 1 or 2 bar after the signal arrow... no i just trade on the timeframe im trading which is the 30m.. i do however monitor the adx just to make sure whats going on on the higher timeframe... yes.. long above and short below.. however i do trade if the bars is hanging around the MA like the E/j today.. made some nice pips with this... p.s: placing an earlybird indicator from stealth system works too.. it gives better entry signals and add RSI +10 / -10 to avoid chopy market... thus i give u the almost perfect technical trading system~ at least i think so... heheheheh.. hope this answer some of ur question fx4_ever... how did u do today? hope u made some pips and wish u all the best for tomorrows' trading day~ cenation! never give up! Thank you very much for all the answers. Now I know very clear how you approach the trading using FDM. I never used stealth system (early bird that you mentioned), but I shall try tomorrow and see. I did well today, I think. I trade G/U and got 58 pips on 1st lot and 30 pips on 2nd order - total 88 pips The setup was perfect, but it last several hours, but that's Ok. It's my job. :) I am slowly trading this system, so I will be adding more pairs to my basket in the future. ok for today's trade~ e/j = +30pips 1st lot +60 pips second lot = 90pips e/g = +30pips 1st lot B/E 2nd lot... total for today is 120pips... :) thank god~ been trading the 1h chart today.. my daughter is not feeling well so have to change my trading method.. i've found out that on the 1h chart.. when a signal comes pops up.. 30 - 60 pips within 2 hrs is a no problemo for the system.. so decided to try this sort of TP for this week.. SL is about 30 - 40 pips... (if 1 bar moves around 60pips might consider tightening your lots not SL.. as u need to give the pairs some room to breath as some traders are taking their profit off the table) may we all make some pips tmr.. god willing~ good night guys~ :) Congrats! Nice pips! I was monitoring 1 hr TF also and compare to my 15 min entry. But, by the time I wait for 15 min signal to all lined up, it was near same entry as 1 hr. (maybe 15 min TF signal is just bit faster) So, I may also consider trading 1 hr. Good information and thanks for sharing. Edited July 21, 2010 by fx4_ever Quote
fx4_ever Posted July 22, 2010 Report Posted July 22, 2010 (edited) Another winning day Here is my update for the day. Trade on E/U this UK early session. It only took 1-1/2 hr after entry and net 60 pips profit. Guys and Gals, give this a try. really works. Wish this system isn't so heavy eater on my CPU. http://i26.tinypic.com/mmbdb8.png Edited July 22, 2010 by fx4_ever Quote
joeytrader Posted July 22, 2010 Report Posted July 22, 2010 Here is my update for the day. Trade on E/U this UK early session. It only took 1-1/2 hr after entry and net 60 pips profit. Guys and Gals, give this a try. really works. Wish this system isn't so heavy eater on my CPU. http://i26.tinypic.com/mmbdb8.png Hi fx4_ever, nice pips. May I ask couple of questions? (1) I notice you waited till the end of the second candle after the signal to enter, (as opposed to beginning of the same second candle), is that an intentional cautionary decision (i.e. to make sure trend does not change back?) (2) How did you determine your exit point? I notice there were no red indication anywhere on the board at the time of your exit? Or was 60 pips your pre-determined targe profit. I missed this move myself because I took my family out to dinner, and returned late here (Aussie evening = Europe morning). But this Forex Day Monster certainly does look like it has potential. Quote
fx4_ever Posted July 22, 2010 Report Posted July 22, 2010 (edited) Hi fx4_ever, nice pips. May I ask couple of questions? (1) I notice you waited till the end of the second candle after the signal to enter, (as opposed to beginning of the same second candle), is that an intentional cautionary decision (i.e. to make sure trend does not change back?) Arrow comes first, then, we have to wait for all other indicator to be in same color (this case, all green to take long). Which means, you have to wait until bar to finished. If candle closed and color still sticks, then, following candles open, we enter your trade. That is what I understood and I am trading it under that rule. At the time, arrow bar's indicator was not all green, so I had to wait until the following bar to finished. That is why I entered on 3rd bar's open. Color of indicators do change, but as long as color WAS all green at the time of entry, it is supposedly good to go. (2) How did you determine your exit point? I notice there were no red indication anywhere on the board at the time of your exit? Or was 60 pips your pre-determined targe profit. It was pre-determined TP. I usually set TP by white dot (S/R). But if it is not near where you want to exit, I gauge by Fibo target. I missed this move myself because I took my family out to dinner, and returned late here (Aussie evening = Europe morning). But this Forex Day Monster certainly does look like it has potential. This morning, I had 4 more trade setup and would have been all winners, but I am only selecting 1 currency at a time. Wonder how "wanrayman" did today :) I reply next to your question. I hope it's OK. Edited July 22, 2010 by fx4_ever Quote
fx4_ever Posted July 22, 2010 Report Posted July 22, 2010 (edited) wanrayman, I had another good day trading. I also added "SuperADX" to the chart. Just FYI SuperADX shows when trend is about to end, reverse or breakout, etc. So, it help me determined my trading decision. http://indo-investasi.com/showthread.php/6856-%28req%29-Super-ADX/page13 If you want to download SuperADX, look at the post above. Between SuperADX and FDM, it really work well. Edited July 22, 2010 by fx4_ever Quote
joeytrader Posted July 22, 2010 Report Posted July 22, 2010 I reply next to your question. I hope it's OK. Thanks for clarification. Between reading your posts and wanrayman's posts, it has given me more confidence that this does seems to work in real trading. Quote
fx4_ever Posted July 22, 2010 Report Posted July 22, 2010 Thanks for clarification. Between reading your posts and wanrayman's posts, it has given me more confidence that this does seems to work in real trading. I am very new to this system like I mentioned previously. But, unlike many other commercial trading system, this one seems to be weed out the some of the bad trade. Not all trading signal is good, but with couple of other indicators add to the chart, you can make this work in real time. I am trading this live (not demo real time), so I am pretty selective on my entries. I can say it works more than 70% of the time. Quote
wanrayman Posted July 22, 2010 Report Posted July 22, 2010 hey fellow traders... whats up fx4_ever~ congrats on the eur trade... nice move we had today huh.. hihihihi.. since today there were a lot of news that came out.. i was a bit conservative... only took 1 trade and switched off my notebook... heheheh.. reframe from taking any risky trades.. hehehehe... so today's trade was on AUD/USD.. since i was tryin to stay away form the eur n gbp... nice +30 and +60 pips.... thank god.. thanks for the indi fx4_ever.. will try it out tmr... i'll PM u if i have any questions bout it aite? again congrats on the eur trade.. n thanks for supporting this thread.. g'day mate~ (since i traded the AUD n i gave me some nice pips hehehhe) Quote
pardy Posted July 22, 2010 Report Posted July 22, 2010 Have just been monitoring this sys on GU today. It would have given 3 trades, all positive - you could esily have made 100 pips or more. Think I'm going to put this on a few more charts. Pardy Quote
fx4_ever Posted July 23, 2010 Report Posted July 23, 2010 (edited) Summary of trading FDM Hi All: Another successful trading day. Took G/U and profit 80 pips. :) I am pretty much done for the week. Here is my total since I start trading FDM system last week. ================ 7/15 -> g/u +130, e/j -43, e/j -44 ** this was the first day trading this system and e/j trade were my mistake and should NOT have taken these trades. (net = +33) 7/16 -> g/u +53, e/u +2 7/19 and 7/20 --> did not trade. 7/21-> g/u +88 7/22 -> g/u + 60 7/23-> g/u +80 So far, 2 weeks trading (5 trading days) = + 316 pips Have a good weekend everyone! Edited July 23, 2010 by fx4_ever Quote
wanrayman Posted July 23, 2010 Report Posted July 23, 2010 alrite guys.. here's the trade for today~ e/g = +30 / +60pips... u/j = +25 / +33pips... total for today.. 148 pips.. (bare in mind.. 2 lots were taken) excellent good week.. no losses.. enjoy the weekend guys~ peace~ Quote
vicqua Posted July 23, 2010 Report Posted July 23, 2010 Hi Wanrayman & fx4_ever, great trades, i do not know if you encounter but i seem to have a lot of false trades for yen pairs like the US/Jpy, do you have any advice on them wanrayman. Did not get wat u mean on the (bare in mind 2 lots were taken), u mean you used 2 standard lots for each trade? It seem llike from Fx4_ever, the system seem to work very well for G/U.. guess it is more trendy, EJ whips us up & down.. UJ pairs like to cry wolf lol Quote
fx4_ever Posted July 23, 2010 Report Posted July 23, 2010 (edited) Hi Wanrayman & fx4_ever, great trades, i do not know if you encounter but i seem to have a lot of false trades for yen pairs like the US/Jpy, do you have any advice on them wanrayman. Did not get wat u mean on the (bare in mind 2 lots were taken), u mean you used 2 standard lots for each trade? It seem llike from Fx4_ever, the system seem to work very well for G/U.. guess it is more trendy, EJ whips us up & down.. UJ pairs like to cry wolf lol Hi: I am fairly new to this system, but believe this will be a good strategy to make profit enough to make a living (depend on the lot size that you trade, ofcourse :) I am only selecting 1 currency at a time. Example: I scan multiple currencies and if I found 2-3 currencies setup to take trade (if all signal is there and I need to make a trade), I will decide which one to select for my trading at that time. First, I look at where the price is. Let's say, If I have E/U and G/U that gives good entry signal and ready for me to take an action, I will look at currency strength. (I use indicator call 'cc'. you can download here: h**p://onix-trade.net/forum/index.php?showtopic=107. If cc shows E/U is starting to show it is moving a part better than G/U, I select E/U. Also, 2nd thing that I consider is to select how many pips the pair moved and if there is a enough room to move. 3rd rule for me is, if current price is near S/R (white dots) or not. If current price is very near S/R, I noticed after entry, it has hard time moving passed S/R area. So, I tried to look at those as well and consider that as a part of my selection process. So far, I am lucky enough to select good currency that gave me a good profit. I hope this information help. Lately, I found SuperADX and it shows me when trend is ending. So, this helps me to decide to close my profit also. You can find SuperADX here. Just search by name. It's for MT4. I've used SuperADX for Tradestation sometime ago and it really was HolyGrail. But, I didn't have SuperADX for MT4 until recently, thanks to 'indo-investasi" :) Edited July 23, 2010 by fx4_ever Quote
Mustafa Posted July 24, 2010 Report Posted July 24, 2010 Hi Fx_4ever and wanrayman nice to hear ur green pips its really great, can u both tell us Plz which TF are u using and also Broker and how much do u invested in ur real accounts minimum just for living if one should have no job, my target is also to earn from 80$ to 100$ daily, is it achievable guys through this system? If possible then how much should we invest to achieve the same? Regards Quote
fx4_ever Posted July 24, 2010 Report Posted July 24, 2010 (edited) Hi Fx_4ever and wanrayman nice to hear ur green pips its really great, can u both tell us Plz which TF are u using and also Broker and how much do u invested in ur real accounts minimum just for living if one should have no job, my target is also to earn from 80$ to 100$ daily, is it achievable guys through this system? If possible then how much should we invest to achieve the same? Regards You can make a living at this is depend on where do you live and what type of life style that you are custom to.. But, this system, making 30 pips daily is pretty easy in my opinion. If you are selective on your trading choice and making smarter choice before you trade, you can even get far more than 30 pips daily. So, you can work the numbers for yourself: Let's use an example: if your target is $100.00 day and your stoploss that you are willing to risk is 30 pips (1:1 r/r ratio). you make 30 pips/day, your lot size should be roughly 3 mini lots. if your broker allow leverage of 100:1, you'll need roughly $300.00 for margin use. If your stoploss hit, your risk will be $100.00 (roughtly). So, you need to figure out your risk tolerance now. If you want to keep your risk to 10% of your account, you'll need to start with at least $1000.00. If your risk to 5%, you'll need to start with at least $ 2000.00. If your risk to 1%, you'll need to start with $10000.00 account. Outcome of the results will be different based on your r/r ratio (risk and reward), your risk tolerance as you can see. In general, conservative traders doesn't want to risk more than 2% of their account balance. I am trading CitiFX (not the best of the breed, but it's only FDIC insured forex broker offers MT4 platform) and their leverage is 50:1 I trade this system on 15 min TF. I just start trading this system about 7 days ago, so I am going it at easy right now. Edited July 24, 2010 by fx4_ever additional info added Quote
LastFreeMan Posted July 24, 2010 Report Posted July 24, 2010 I am new and have read all pages. I would appreciate if a member could share a link of the most current version more specific, indicators including buy/sell pressure and oscillators. I am excited and look forward in sharingwith the community here. The version I have is very lite. Thank In Advance, LastFreeMan Quote
vicqua Posted July 24, 2010 Report Posted July 24, 2010 Yo LastFreeMan, if u look thru the threads u will see it on thread ##49, all the downloads are all there :) Thanks fx4_ever for your explanation, i am actually trying Early warning from Stealth for confirmation too.. okay, i will try out the super ADX, Quote
Mustafa Posted July 24, 2010 Report Posted July 24, 2010 Thanx Fx4ever for the deatiled expalanation I will follow u Quote
pardy Posted July 24, 2010 Report Posted July 24, 2010 From what I've seen, the FDM system isn't bad, just also watch out for the adx readings. And as fx_4ever says, alo use the super adx. Funny thiung about the super adx is that it will not signal all moves, missing quite a few, yet it can be pretty reliable with its red bars, and reversal signals provided you use them in conjunction with your own confirming indis. Probably why the author has them on so many charts, coz when u do get a signal, confirm it with another of your fave indis, and u should do well. Quote
loopyno Posted July 24, 2010 Report Posted July 24, 2010 regarding Super ADX u should know that the initial indicator was no build for MT4 I build the Mt4 version a year ago or so and the biggest problem was platform freezing because of the complex mathematical algorithms. Putting it on many charts is not he smartest way to go :D Loopyno Quote
pardy Posted July 25, 2010 Report Posted July 25, 2010 Impresive, loopyno. Is it your version thats been posted?? Wish there was alerts to go with it, preferably like email alerts, then u could have the charts split between 3-4 platforms, and just refer to chart when needed!! Thanks Quote
fx4_ever Posted July 25, 2010 Report Posted July 25, 2010 (edited) regarding Super ADX u should know that the initial indicator was no build for MT4 I build the Mt4 version a year ago or so and the biggest problem was platform freezing because of the complex mathematical algorithms. Putting it on many charts is not he smartest way to go :D Loopyno Yeah, between FDM and SuperADX, my CPU is working very hard. I have couple of PCs and I use one of PC to monitor only SuperADX on multiple charts for the signal. It is reliable indicators (FDM and SuperADX) for me to enter and exit the trade, I am willing to work with it for now. Impresive, loopyno. Is it your version thats been posted?? Wish there was alerts to go with it, preferably like email alerts, then u could have the charts split between 3-4 platforms, and just refer to chart when needed!! Thanks If you are talking about SuperADX, it already has an option for email. You can go to SuperADX thread and get the latest SuperADX for MT4. http://indo-investasi.com/showthread.php/6856-%28req%29-Super-ADX/page14 Edited July 25, 2010 by fx4_ever Quote
loopyno Posted July 25, 2010 Report Posted July 25, 2010 Yeah, between FDM and SuperADX, my CPU is working very hard. I have couple of PCs and I use one of PC to monitor only SuperADX on multiple charts for the signal. It is reliable indicators (FDM and SuperADX) for me to enter and exit the trade, I am willing to work with it for now. If you are talking about SuperADX, it already has an option for email. You can go to SuperADX thread and get the latest SuperADX for MT4. http://indo-investasi.com/showthread.php/6856-%28req%29-Super-ADX/page14 i am curious on what timeframe are u using Super ADX? Do you find its signals reliable? Loopyno Quote
loopyno Posted July 25, 2010 Report Posted July 25, 2010 Impresive, loopyno. Is it your version thats been posted?? Wish there was alerts to go with it, preferably like email alerts, then u could have the charts split between 3-4 platforms, and just refer to chart when needed!! Thanks hey pardy well i could program that but doing that will affect Steve ... which is my friend and was very generous to me ... so u can imagine it is very hard for me to do that :( I am willing to help in any other way then this :) Loopyno Quote
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