syk1kz Posted December 7, 2010 Report Share Posted December 7, 2010 (edited) 2 more setups you guys should be watching http://img64.imageshack.us/img64/7956/gbpchf.gif http://img573.imageshack.us/img573/2075/gbpjpy.gif http://img26.imageshack.us/img26/1218/gbpjpy2.gif ok im done, for real this time :) i am going to share one of my personal systems i have created [ not based on this system here ] in my journal which i will start soon. Also check out all the GBP pairs they are looking hot Edited December 7, 2010 by syk1kz Quote Link to comment Share on other sites More sharing options...
chrisbenjy Posted December 7, 2010 Report Share Posted December 7, 2010 anybody know whose blog that forex shredder blog is? I was following it, but now he requires that viewers get an invitation. Quote Link to comment Share on other sites More sharing options...
syk1kz Posted December 8, 2010 Report Share Posted December 8, 2010 i know him personally, he used to trade with me but decided not to for whatever reason. I assume his blog is private due to me checking it and comparing his trades to mine. I used to directly link to it on my blog but took it down a while back now Quote Link to comment Share on other sites More sharing options...
syk1kz Posted December 8, 2010 Report Share Posted December 8, 2010 quick update - moved stop to breakeven @ +55 http://img30.imageshack.us/img30/7166/82734440.gif Quote Link to comment Share on other sites More sharing options...
syk1kz Posted December 8, 2010 Report Share Posted December 8, 2010 (edited) chrisbenjy - try trading divergence as an addition, no divergence = no trade, see if that helps Closed part position at middle BB aiming for bottom with remainder. http://img256.imageshack.us/img256/3191/58832820.gif +100pips on the remaining position, banked profit now http://img202.imageshack.us/img202/301/77966275.gif Looking for re-renty - possible head and shoulders forming on 240min chart, and further probable divergence present http://img403.imageshack.us/img403/921/18079082.gif Edited December 8, 2010 by syk1kz Quote Link to comment Share on other sites More sharing options...
syk1kz Posted December 8, 2010 Report Share Posted December 8, 2010 (edited) re entered at 1.58 currently +20 with stop at breakeven http://img63.imageshack.us/img63/9175/96084430.gif chrisbenjy hope u are paying attention to twitter, all this has gone live over the stream in real time :) stopped out of second attempt @ breakeven - could of banked 30pips but decided to let it run to break even or take profit now looking for a third attempt here - we are back at the last entry price i mentioned above @ 1.58, huge divergence present and we still have MA/Round number confluence, flip side to this is we have restarted dollar weakness but i am not so sure about that. this looks range bound to me. http://img834.imageshack.us/img834/5980/54120814.gif Also like this http://img525.imageshack.us/img525/7956/gbpchf.gif Edited December 8, 2010 by syk1kz Quote Link to comment Share on other sites More sharing options...
chrisbenjy Posted December 8, 2010 Report Share Posted December 8, 2010 Thanks syk1kz, I will try looking out for divergence. Btw, I have noticed that alot of the trades you take aren't touching the bollinger band. I might try taking trades like this, rather than waiting for it to touch/pierce the bollinger band, because I find a lot of the time if it reaches the bollinger band, it usually hugs it for a few candles and takes out my stop, but I don't want to increase the stop because the R:R will end to being ridiculously tiny. Also, yes, I don't go on twitter much, but I will start to follow your trades on twitter. Quote Link to comment Share on other sites More sharing options...
syk1kz Posted December 8, 2010 Report Share Posted December 8, 2010 (edited) Btw, I have noticed that alot of the trades you take aren't touching the bollinger band. next setup i like - I should mention my BB deviation setting is 3 not the default 2 so price may not always reach the top BB but it we compare it to 2 i think 3 shows better outer bands - Personal preference You must of missed that comment, its back one page, if you put it on 3 you will see its not at the top, but change it to 2 and it is, i prefer 3 and can usually tell where the top would be on 2. go back one page and i have uploaded screenshots with noted reasons for using 3 over 2 - Also get tweetdeck if you want realtime updates from twitter rather than using twitter.com which you have to manually refresh. just a faster way to get the trade info since its updated in real time http://img560.imageshack.us/img560/249/11904507.png I took both the trades above just before. Live on the stream. - out of both for a total of -15pips, -25gbpusd +10 gbpchf , its unclear and i have banked about 150pips this week so thats ok. Benny where have you run off to ?!?!?!?!? Edited December 9, 2010 by syk1kz chrisbenjy 1 Quote Link to comment Share on other sites More sharing options...
benny3 Posted December 10, 2010 Author Report Share Posted December 10, 2010 Sorry guys i'm still here i'm just investigating other strategies at the moment this system is good but for me it's not producing enough signals with the trend etc, saying that, there were signals but not enough to actually get me to enter. I'm still trading this strategy but only with the trend pluss it has to look bloody good. Quote Link to comment Share on other sites More sharing options...
syk1kz Posted December 10, 2010 Report Share Posted December 10, 2010 Sorry guys i'm still here i'm just investigating other strategies at the moment this system is good but for me it's not producing enough signals with the trend etc, saying that, there were signals but not enough to actually get me to enter. I'm still trading this strategy but only with the trend pluss it has to look bloody good. I hear ya, thats why i post one or 2 setups a week and pick the bread winner in my eyes. Glad to know you have not ditched this, i was starting to wonder Quote Link to comment Share on other sites More sharing options...
syk1kz Posted December 12, 2010 Report Share Posted December 12, 2010 Heres an interesting setup, I can see some confluence with OS on stoch, but look at those BB and where the MA's are. There's is really no possible way to trade this according to the system since the BB are so tight. Looks like a nice setup for a serious breakout to me http://img46.imageshack.us/img46/2360/usdchfm.gif Quote Link to comment Share on other sites More sharing options...
syk1kz Posted December 13, 2010 Report Share Posted December 13, 2010 http://img576.imageshack.us/img576/9317/gbpnzdw.gif banking this one me thinks Quote Link to comment Share on other sites More sharing options...
syk1kz Posted December 13, 2010 Report Share Posted December 13, 2010 should of held it longer http://img52.imageshack.us/img52/9231/gbpnzd.gif Quote Link to comment Share on other sites More sharing options...
syk1kz Posted December 13, 2010 Report Share Posted December 13, 2010 (edited) http://img232.imageshack.us/img232/4183/eurusdp.gif http://img829.imageshack.us/img829/4404/usdjpy.gif 17pips from parity is good enough for me, looking for confirmation. http://img255.imageshack.us/img255/1830/audusdr.gif Edited December 13, 2010 by syk1kz Quote Link to comment Share on other sites More sharing options...
syk1kz Posted December 13, 2010 Report Share Posted December 13, 2010 would sure seem risk mode is back on making all of those counter trend, but one day of rallying is not much to go on, for me anyway. Bears might take one look at that price and start to realize how sexy it is EURUSD Quote Link to comment Share on other sites More sharing options...
syk1kz Posted December 14, 2010 Report Share Posted December 14, 2010 http://img6.imageshack.us/img6/4408/eurusdy.gif Quote Link to comment Share on other sites More sharing options...
syk1kz Posted December 14, 2010 Report Share Posted December 14, 2010 took a 12pip hit yesterday on EURUSD in the circle. This current chart is not convincing at all and i am leaving this system until next week now, bagged +190 which is above my weekly target. http://img12.imageshack.us/img12/1710/eurusdsz.gif Quote Link to comment Share on other sites More sharing options...
syk1kz Posted December 20, 2010 Report Share Posted December 20, 2010 http://img534.imageshack.us/img534/6071/usdcadl.gif Quote Link to comment Share on other sites More sharing options...
syk1kz Posted December 20, 2010 Report Share Posted December 20, 2010 (edited) woops wrong thread lol Edited December 20, 2010 by syk1kz Quote Link to comment Share on other sites More sharing options...
benny3 Posted December 20, 2010 Author Report Share Posted December 20, 2010 (edited) Well guys we'll c how this one go's http://oi55.tinypic.com/2m82hbk.jpg Turned out nice http://oi53.tinypic.com/hskzrr.jpg Edited December 23, 2010 by benny3 Quote Link to comment Share on other sites More sharing options...
syk1kz Posted December 20, 2010 Report Share Posted December 20, 2010 (edited) i got hit for -130pips before, ouch! heres my next attempt http://img703.imageshack.us/img703/4101/cadjpy.gif http://img713.imageshack.us/img713/1999/cadjpy2.gif Bailed +17 Edited December 20, 2010 by syk1kz Quote Link to comment Share on other sites More sharing options...
syk1kz Posted December 21, 2010 Report Share Posted December 21, 2010 Watching both of these closely since both would be long USD. http://img191.imageshack.us/img191/5392/nzdusdn.gif http://img43.imageshack.us/img43/4404/usdjpy.gif Quote Link to comment Share on other sites More sharing options...
chrisbenjy Posted December 22, 2010 Report Share Posted December 22, 2010 (edited) I've decided I'm going to slightly modify the way I use the system. I'm going to add another indicator: Envelopes. This is because I find that Bollinger bands are not very influential to price, so I'm going to look at using the combination of envelopes and BB. I'm just currently looking at finding the best period for 4h time frame. (I think the best period is one where candlesticks pop their head out every so often, but not so frequently that trades don't have enough time to breathe) I don't know whether it will improve my entries, but during the investigation stage I will stay optimistic. Edited December 22, 2010 by chrisbenjy Quote Link to comment Share on other sites More sharing options...
syk1kz Posted December 22, 2010 Report Share Posted December 22, 2010 (edited) I've decided I'm going to slightly modify the way I use the system. I'm going to add another indicator: Envelopes. This is because I find that Bollinger bands are not very influential to price, so I'm going to look at using the combination of envelopes and BB. I'm just currently looking at finding the best period for 4h time frame. (I think the best period is one where candlesticks pop their head out every so often, but not so frequently that trades don't have enough time to breathe) I don't know whether it will improve my entries, but during the investigation stage I will stay optimistic. Good luck please keep us informed if possible http://img692.imageshack.us/img692/4404/usdjpy.gif Subjective, ignoring the middle BB all together here, with this system i trade my own style, i trade what i see rather than what i want to see. *EDIT* stop moved to under the Ma's, which is where it was meant to go Edited December 22, 2010 by syk1kz Quote Link to comment Share on other sites More sharing options...
Guest sparky08 Posted January 2, 2011 Report Share Posted January 2, 2011 is the powerband system any good? let me know Quote Link to comment Share on other sites More sharing options...
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