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Rules are as follows ....

 

1. weekly and daily charts MUST be trending same way

 

2. move down to 4 hr chart and only look for trades in the direction of daily, weekly - DO NOT break this rule

 

3. for short signals, arrow prints on price action and the white line with RED histogram (rsi histogram indicator) MUST be BELOW the THICK black line on both rsi histogram indicators.

 

4. for long signals, arrow prints on price action and the white line with GREEN histogram (rsi histogram indicator) MUST be ABOVE the thick black line on both rsi histogram indicators.

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Hello All,

 

Yes we now have a updated version and with a little help from a few people (merian) in this forum have come up with a even better version - call it version 3.0 if you want.

 

In the original version you had to make sure ALL the indicators lined up, NOW a arrow ONLY prints if ALL the indicators line up.

 

So there is no guessing if the indicators are lined up, you know the deal "they sort of look like they are" "kind of are" "are they lined up?" You get the picture.

 

Now there is no guessing.

 

We have also added text to the set up outlining the entry, stop and first profit taking level PLUS actual lines on the chart to see the actual area where the stop should be placed, along with entry and profit taking first level.

 

My blog has the download link or click below

 

https://rapidshare.com/files/460642315/version_3.0_alphatrader.zip

 

Enjoy all!!!

 

One thing ..... I emphasize this ..... as good a method that I believe this is, you still need to have a good understanding of how the markets work and a solid foundation of basic market knowledge to MAKE any method work to it's full capacity.

 

Get good at understanding time frames, 4hr, daily, weekly, monthly (how they each "fit" into each other)

 

Get good at drawing trend lines.

 

Get good at understanding support/ resistance levels.

 

Remember that trendlines/ support/ resistance/ fib levels .... what ever you want to call them are "AREAS" they are not usually exact and to the pip.

 

Great Trading,

 

waterskiguy (skype)

 

http://www.alphatrader.ca

Edited by waterskiguy
add proper link
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Hi,

 

Your system looks almost the same like the commercial ProFx 2.0 (which i trade quite successfully btw.). Am i wrong?

 

Hello All,

 

Yes we now have a updated version and with a little help from a few people (merian) in this forum have come up with a even better version - call it version 3.0 if you want.

 

In the original version you had to make sure ALL the indicators lined up, NOW a arrow ONLY prints if ALL the indicators line up.

 

So there is no guessing if the indicators are lined up, you know the deal "they sort of look like they are" "kind of are" "are they lined up?" You get the picture.

 

Now there is no guessing.

 

We have also added text to the set up outlining the entry, stop and first profit taking level PLUS actual lines on the chart to see the actual area where the stop should be placed, along with entry and profit taking first level.

 

My blog has the download link.

 

https://rapidshare.com/files/460613675/version_3.0_alphatrader.zip

 

Enjoy all!!!

 

One thing ..... I emphasize this ..... as good a method that I believe this is, you still need to have a good understanding of how the markets work and a solid foundation of basic market knowledge to MAKE any method work to it's full capacity.

 

Get good at understanding time frames, 4hr, daily, weekly, monthly (how they each "fit" into each other)

 

Get good at drawing trend lines.

 

Get good at understanding support/ resistance levels.

 

Remember that trendlines/ support/ resistance/ fib levels .... what ever you want to call them are "AREAS" they are not usually exact and to the pip.

 

Great Trading,

 

waterskiguy (skype)

 

http://www.alphatrader.ca

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Hi,

 

Your system looks almost the same like the commercial ProFx 2.0 (which i trade quite successfully btw.). Am i wrong?

 

Nope it has nothing to do with that system nor does that system have anything to do with mine. Most systems use some sort of moving average, lines crossing over, stochastic, rsi, macd etc etc or variation of there of.

Edited by waterskiguy
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You're not doing anything wrong; a couple of library files are missing.

 

Just use the indi from the original method at least for the time being.

 

Thanks for the system. The second template works fine, but in the first one there is no arrows What I am doing wrong thanks
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Conglo posted to just use the previous indicators from before, until waterskiguy has a chance to update version 3.0. However, I looked at the previous Gann indicator, and it has the same 9/10/2010 creation date and exact name. I'm just starting to backtest this for myself, and am confused. Should I wait for version 3.0 to be updated? I don't mind using the previous indicator, just not sure which one to use in this new version. Thanks waterskiguy and conglo for help explaining. Just need a bit more to understand. Cheers.
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JosephR, which is your latest Rumi RSI indicator? I've been downloading so many indicators and templates from this thread it is kind of confusing now.

 

I wish someone would just update the first post with waterskiguy's original stuff, followed by later additions.

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The information given lead me to discover certain system that will help me in my trading business. To be honest, I have so many list of system but I will surely put it in my priority. I have seen many members giving thanks to the posts thus only proves that this information is very useful. To waterskiguy, good job and keep it up.

http://imagicon.info/cat/3-4/1.gifhttp://imagicon.info/cat/3-8/1.gifhttp://imagicon.info/cat/3-5/1.gifhttp://imagicon.info/cat/3-1/1.gifhttp://imagicon.info/cat/3-6/1.gifhttp://imagicon.info/cat/3-2/1.gifhttp://imagicon.info/cat/3-3/1.gif

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Are you an affiliate of all the links you post below?

 

If so you are spamming.

 

 

The information given lead me to discover certain system that will help me in my trading business. To be honest, I have so many list of system but I will surely put it in my priority. I have seen many members giving thanks to the posts thus only proves that this information is very useful. To waterskiguy, good job and keep it up.

http://imagicon.info/cat/3-4/1.gifhttp://imagicon.info/cat/3-8/1.gifhttp://imagicon.info/cat/3-5/1.gifhttp://imagicon.info/cat/3-1/1.gifhttp://imagicon.info/cat/3-6/1.gifhttp://imagicon.info/cat/3-2/1.gifhttp://imagicon.info/cat/3-3/1.gif

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JosephR, which is your latest Rumi RSI indicator? I've been downloading so many indicators and templates from this thread it is kind of confusing now.

 

I wish someone would just update the first post with waterskiguy's original stuff, followed by later additions.

 

#327 still has the valid link to the latest Rumi Rsi inidcator. Here it the link for your convenience: http://[email protected]/file/YDC1ipVQ/RumiRSISignal-v2.html

 

josephR

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