S.T.A.R (SuperTradeSystem) Trading System Trade setups

[freakgib]

Hi there fxnizar

 

Q 0. where u hide your stop loss?

A i always place my stoplos at the trend extreme + some extra pips for the spread

but when i trade a very fast timeframe like M0.5 and the stop is arround 10 pips then i mostly dont place a stop but stay with the trade and follow it closly

 

Q 1.how happen your stop loss hit(SL)? WHY?

A i think u mean How many times happens that your stop has been hit

wel mostly it happens with CSA setup because they are a bit riskyer CSA (Continuation Signal Aggressive)

but the loss is always arround 2% why it happens mostly wrong MAC

 

Q 2.IF draw down is high how to take trade? (minimum lot size is known) any other?

A dont trade i give u an example

lets say u have a small account of 500 dollar

and u following a H4 setup but when it finaly triggers the distance of the trigger to the trend extreme is 250 pip

and u want to risk max 2% then u cant place a trade 0.00 lots

but lets say the stop is 150 pips u could place a 0.01 lot but the risk reward is less then 1:1 then i dont trade eather

i mostly try to find setups in the faster timeframe with stop arround the 10 and 30 pips

and a risk reward of 1:2 and more

i use my Risk pip Calculator to calculate my lotsize

 

Q 3. what is best sl pips for time frames? your experience?

A wel every setup is different but i mostly try to look for setups arround the M15 timeframe and faster

as i sayd the R:R needs to be good

 

Q 4.if we reach late the piptrain alredy started where we place sl? if its too high how to face it? or where we can catch the piptrain? next stop? how to place sl?

A if the R:R is stil good u can enter Example: EU M15 is triggerd the distance betwean the Stop and the trigger is 30 pips and the distance Trigger to target is 90+ pips your R;R is 1:3 so very good but lets say it already moved 30 pips in the direction of the target then the R:R is 1:1 so stil oke to enter but u need to recalculate your order size cos your stop is always the trend extreme what u could do is enter a bit smaller and maybe the market wil retrace back and then add a bit to your position

 

Q 5. what about high volatility products?

A if the STAR setup is oke u can trade doesnt matter what pair only thing u have to watch out is if u trade at a very fast timeframe lets say M0.5 and the stop is lets 6 pips and the target 20 dont trade if the pair u trading has a very high Spread

 

Q 6.any suitable instruments for star?

A not sure what i mean but i only use the STAR templates and my Pip Risk Calculator

 

Q 7. any avoidable instruments for star?

A Only use the Star Templates dont Add other indicators

 

Q 8. any pair which will give maximum result for star?

A any pair is good but watch the Spread

 

Q 9. if star is give right signal, minimum lot+ s.l > our 2% money per trade,then how we

trade? go risk? or avoid the trade? your experience

A as i told above i use Variable lots by using my Pip Risk Calculator if the stop is to big then i cant trade

if u use a Fixed lotsize then u have to change your risk but i would not risk more then 3% exept for a PTS setup i am risking a bit more

 

Q 10.any best % per trade for star? (example 5% or 10% per trade)

A more then 10% AUDNZD would be a nice example few month back we got a PTS the stop was only arround 32 pips

and the downtrend is stil running it made already 850 pips but realisticly u would probaly go out at the pullback and that is arround 177 pips stil a very good R:R

 

Greets

 

Freak

[wadesworld]

Good Q&A guys. #4 was my fav. Sorry I have not been around lately just got a lot on my personal plate at the moment. And I see that David is no longer with us which is a complete disappointment. If any of you guys that are on the supertrade forum could give a shout hello and let him know he is missed please and thank you. Will try to chime in if I can...good to see the thread still strong...Later.

[retry99]

AUDNZD would be a nice example PTS ...the stop was only arround 32 pips and the downtrend is stil running it made already 850 pips

 

Freak

 

Agree that one was astonishing. There was a news announcement pending but we already had the signal waiting for a trigger. The market spiked up 108 pips huge in 1 minute! But it just tagged the signal only crossing it by 6 pips. The pullback off a steep trend going up was 211 pips and this news announcement brought the market back in a hurry erasing 185 of those pips total so only a moron would bet that it would not continue the trend at that moment.

 

Hahahah

 

STAR NAILED IT

 

I am still short nearly 950 pips later and love it!

 

If you want to look at the setup it was

AUD/NZD H1 > 28/01/2011 e/v at H2 1.000 PTS SHORT @1.3759 March 9th 22:15

 

The setup was entered in the watchlist Feb 25th so plenty of time to prepare and hours of advanced warning on the signal before trigger.

 

The recent EUR/CHF PTS happened in a similar way and we see these kinds of triggers where the price just touches the signal line and flies the other way quite often whether its a PTS or CSA.

[joekurr]

I've been studying STAR on and off for a while now, and really trying to get it. While I have managed to get into some good trades, getting out is not so good.

 

I'd like to thank retry99 for posting up an example, and I was hoping either he, or anyone else versed in STAR can comment on my analysis through it.

 

I'm going to attempt to walk through the analysis of the AUD/NZD for the short trade retry99 posted - through to current (as it seems that retry99 was still holding at the time of posting).

 

At least this way maybe I can get some feedback to see where I'm going wrong.

 

Thanks in advance.

 

This is the hourly (h1) setup leading up to the short that retry99 mentioned in the previous post. I've marked up the flip and cut, leading to the test for reversal. Please let me know if I'm doing anything wrong here.

 

http://i.imgur.com/KPamW.jpg

 

As the pullback on h1 is too deep, we need to move to h2 (h1 x 2x) to get a proper look:

 

http://i.imgur.com/FS1sP.jpg

 

After that, the template is chosen, and it looks like the PTS reversal criteria is met:

 

http://i.imgur.com/dMnxM.jpg

 

Though in my chart, price doesn't hit the purple, I believe from what Retry99 has said, he did get a spike that did get up to the purple for the entry.

 

Price then moves down from March 9th, then flips back up on the h1.

 

Now one question is, after the entry, do you continue following the trade on a particular timeframe? Or do you start the analysis all over?

 

I've continued with the h1 chart with the standard 13-68, as this was what got us into the trade.

 

Looking at the h1, we see that the chart heads down well, then makes 2 flips.

 

http://i.imgur.com/hF1Rh.jpg

 

Based on those 2 flips, we move to an h2 (h1 x 2x)

 

On the h2, we see a single flip where the 2 flips occured on the h1. Price then moves down, and makes a cut, then moves down further to the point that I believe we would start looking for a reversal.

 

http://i.imgur.com/lCPYQ.jpg

 

This template was chosed based on the move seen in the last chart.

 

http://i.imgur.com/x7l8C.jpg

 

It points to a continuation.

 

Going back to h2, price has crossed over the 68s too much. So we need to move to an h4 chart.

 

http://i.imgur.com/gnlcZ.jpg

 

This is the h4 chart, and we'll now look to see whether there is a reversal or continuation.

 

http://i.imgur.com/kKYLE.jpg

 

This points to a continuation:

 

http://i.imgur.com/ReRcZ.jpg

 

We go back to the h4 and see that price has moved higher still, so we need to go to a higher timeframe:

 

http://i.imgur.com/k29Yx.jpg

 

I'll continue in another post, as a limit of 10 images per post are allowed.

 

Joe

[joekurr]

continued

 

We move to a h8 (h4 x 2x)

 

http://i.imgur.com/ZgINq.jpg

 

But that is still not enough, as the 13s are still crossing over the 68s

 

We go to h12 (d1 x 0.5x) and its still crossing too much, and the gold MA is now moving up instead of down.

 

http://i.imgur.com/M3Sgc.jpg

 

 

We move to d1 and the chart has now got all the 68s moving up (around May 3rd - where we are doing the analysis). So now the chart looks totally different to where we started, which was in our short trade.

 

http://i.imgur.com/HiXRm.jpg

 

 

I'm sure I went down the wrong road somewhere, if anyone can point me in the right direction it would be appreciated.

 

Joe

[fxnizar]

Dear joekurr

very good.i just find one who post with charts,

our masters will explain your question soon.

keep asking,posting

 

nizar

[joekurr]

AUD/NZD < h4 march 4/2011

 

I think this is a potential long setup forming on AUD/NZD.

 

http://i.imgur.com/KqYSM.jpg

 

Right now waiting for the pullback to end to determine the right template to use.

 

If I start getting the hang of this, I may be joining you premium members soon :)

Joe

[joekurr]

Another potential trade?

 

eur/usd june 14 17:38 < m1 - looking to enter on 0.764 2x chart. This should trigger soon, with a very tight 10 pip sl.

[joekurr]

I managed to take 30 pips on the EU trade, I'll post some charts in the next post.

[joekurr]

This was the entry trigger:

 

http://i.imgur.com/3Gd7u.jpg

 

1/2 the position was taken at a 30 pip profit (not related to STAR). The remaining 1/2 of the position is being held until I can access a reversal to the downside. I've moved the SL to BE.

 

I'll post shortly about my thoughts after the long.

[joekurr]

Ok, I'm still trying to work out where to start the analysis after a reversal is given. It seems one thing to find the trade and start the analysis, but it seems like another to know where to exit once in the trade.

 

This is an attempt at the analysis for the EU long that was entered.

 

http://i.imgur.com/OB4ds.jpg

[joekurr]

Shortly after that, the trade was moving up... I thought I was good, simply waiting for a further move up and a cut, but then this happened:

 

http://i.imgur.com/A0N39.jpg

[joekurr]

I did get out of the 2nd half of the position at BE and reversed my trade to the short side (which is up about 30 pips), but I'll have to figure out where I went wrong with the analysis...

 

I guess its back to the good ol charts.

[joekurr]

Ok, here's another take on the moves using the M2:

 

http://i.imgur.com/yc7de.jpg

 

It would seem to fit better. In that at least we'd have a full move... but I don't know if that's me forcing the fit, or not.

 

I'm just not sure about how much reorientation needs to be done, and if I've picked the right MP.

 

I guess we'll see if this triggered correctly the short to the downside or not.

[joekurr]

Is anyone finding this helpful, or is it just me?

[joekurr]

Well from the M2 pullback analysis, I got a continuation of the uptrend.

 

http://i.imgur.com/OZfDr.jpg

 

I don't know how a secondary set up would have faired, so I'll take a look.

[joekurr]

btw - that reversal trade I took at the sl level is now up 55 pips.

 

Maybe there's something to taking an entry on continuation breakouts.

[joekurr]

OK, combining this continuation signal:

 

http://i.imgur.com/OZfDr.jpg

 

With a secondary backup:

 

http://i.imgur.com/K45w7.jpg

 

Makes for a decent short entry.

 

The entry would have had at most gone against us 11 pips, and would now be up 80 pips.

 

The think I'm not sure about for the secondary setup is how to pick the timeframe to use.

 

I'm not sure if it was supposed to be 2x the speed of the local timeframe. I thought this was the case, but I haven't seen where I read that. I'm pretty sure I've combed through the secondary material a few times, but can't seem to find it.

 

Also the thing that bothers me with the secondary setup, is that it seems to ALWAYS trigger. I've never seen a secondary setup not trigger a trade. And that's why i put this strategy on this backburner. Because whenever there was a primary continuation signal give, I could ALWAYS get a secondary signal give a reversal. So at the end of the day, there was always the possibility of 2 opposing signals.

 

Even in the secondary setup material, I'm not sure why Tom applies the secondary setup to only the 4th setup, and not the first 3. This seemed a bit off.

 

Of course I may be missing something (most likely) so if anyone has any suggestions, feel free to suggest.

[Captain]

watch eurusd d .5x 13,68 short trade

m.pivot 6.7.2010

pullback evaluation start now.wait to thick green ma touch the price action while pullback.then look for

same color ma cross each others. then x template for signal.

http://i56.tinypic.com/2058eg8.gif

 

FxNixar, I don't think that I have seen any CUT in your traits set. It is not a valid STAR traits. Thats why it's vailed

 

Maybe it's just for an easier template that they called 52's template. Where the setup just for STS or CSA or a temporary pullback.

 

Such setup just aim for a corrective until the area around the pullback evaluation

[Captain]

This was the entry trigger:

 

http://i.imgur.com/3Gd7u.jpg

 

1/2 the position was taken at a 30 pip profit (not related to STAR). The remaining 1/2 of the position is being held until I can access a reversal to the downside. I've moved the SL to BE.

 

I'll post shortly about my thoughts after the long.

 

JoeKurr,

 

Please do not omit even 0,1 micro pip touch. The trigger you took is not a trigger. It's not a touch. STAR is so precise. even 0,1 pip/1 micropip can not be omitted. Additionally, even the price touch the purple at your trigger, the purple has already move toward price and surpass the previous retrace. Its called purple wraparound thus failed set up.

 

Anyway, your setup suppose to be has been triggered at the previous retrace around 19.10 but not in 2x0.764, it should be faster at 2x0.618. Understand that STAR more aggressive approach permitted a faster template put to use in certain condition.

 

The aim for such setup is just the price level around the pullback. in your case prepare an exit strategy around 20.46. many times price move 2 times pullback range but most of the times just around the level of pullback price

[Captain]

I've been studying STAR on and off for a while now, and really trying to get it. While I have managed to get into some good trades, getting out is not so good.

 

I'd like to thank retry99 for posting up an example, and I was hoping either he, or anyone else versed in STAR can comment on my analysis through it.

 

I'm going to attempt to walk through the analysis of the AUD/NZD for the short trade retry99 posted - through to current (as it seems that retry99 was still holding at the time of posting).

 

At least this way maybe I can get some feedback to see where I'm going wrong.

 

Thanks in advance.

 

This is the hourly (h1) setup leading up to the short that retry99 mentioned in the previous post. I've marked up the flip and cut, leading to the test for reversal. Please let me know if I'm doing anything wrong here.

 

http://i.imgur.com/KPamW.jpg

 

As the pullback on h1 is too deep, we need to move to h2 (h1 x 2x) to get a proper look:

 

http://i.imgur.com/FS1sP.jpg

 

After that, the template is chosen, and it looks like the PTS reversal criteria is met:

 

http://i.imgur.com/dMnxM.jpg

 

Though in my chart, price doesn't hit the purple, I believe from what Retry99 has said, he did get a spike that did get up to the purple for the entry.

 

Price then moves down from March 9th, then flips back up on the h1.

 

Now one question is, after the entry, do you continue following the trade on a particular timeframe? Or do you start the analysis all over?

 

I've continued with the h1 chart with the standard 13-68, as this was what got us into the trade.

 

Looking at the h1, we see that the chart heads down well, then makes 2 flips.

 

http://i.imgur.com/hF1Rh.jpg

 

Based on those 2 flips, we move to an h2 (h1 x 2x)

 

On the h2, we see a single flip where the 2 flips occured on the h1. Price then moves down, and makes a cut, then moves down further to the point that I believe we would start looking for a reversal.

 

http://i.imgur.com/lCPYQ.jpg

 

This template was chosed based on the move seen in the last chart.

 

http://i.imgur.com/x7l8C.jpg

 

It points to a continuation.

 

Going back to h2, price has crossed over the 68s too much. So we need to move to an h4 chart.

 

http://i.imgur.com/gnlcZ.jpg

 

This is the h4 chart, and we'll now look to see whether there is a reversal or continuation.

 

http://i.imgur.com/kKYLE.jpg

 

This points to a continuation:

 

http://i.imgur.com/ReRcZ.jpg

 

We go back to the h4 and see that price has moved higher still, so we need to go to a higher timeframe:

 

http://i.imgur.com/k29Yx.jpg

 

I'll continue in another post, as a limit of 10 images per post are allowed.

 

Joe

 

Joe,

 

1st Pic;

 

Your called CUT is more than a cut in my view, its a Flip. Please understand that a flip require the whole band of thin and thick MAs to period oriented or turn at least 1 pip (0,9pip/9micropip is not valid) toward the move and then flip back in the direction of the move. Different with cut, CUT not allowed the whole band of thick to flip. If you zoomed and find the thick gold made a turn 1 pip then its a flip, but if it was just 0,9pip (5 digit broker) then its not a flip (just a cut) that is the difference.

and, your picture is obviously thick gold made a turn. Remember the book, if you find more than 1 flip, you might be in a too fast timeframe.

 

 

3rd pic;

 

the trigger retrace you took is failed, the previous retrace should have touch the purple. If not, and later retrace touch the purple but purple has move down lower than the previous retrace, its called purple wrap around. It might have been triggered at STS or CSA at the previous retrace that you took and target the second pullback. Later the price move up but not made a new trend extreme then the second pullback that was a target price could be evaluate as the new pullback. Thus your triggered in fact a second CSA or CSA's CSA that aimed the second p/b as the target. many times the move made a zigzag corrective move to your target so its good to watch price action

 

4th pic;

 

Its actually not 2 flips. The second flip only matter if the price move beyond the firts stage extreme around march 06.00. Any flip occurred between this extreme until second stage confirmed/price move beyond this 1st stage extreme just been considered a shadow. Anyway the picture at H2 look nice/better.

 

5th pic;

 

Thats what I mean CUT (comment on 1st pic), see that flip and cut are so different.

 

Sorry, too many pics, I'm lost flip back and forth........

[Captain]

I think this is a potential long setup forming on AUD/NZD.

 

http://i.imgur.com/KqYSM.jpg

 

Right now waiting for the pullback to end to determine the right template to use.

 

If I start getting the hang of this, I may be joining you premium members soon :)

Joe

 

It was a good traits setup, unless the MAC. There were no steepening and more parallel. Please refer to your 5th pic on post #107, its called MAC. See that Thick Green Lime Gold become more steepening and more parallel compared to its move before CUT.

 

This (post #110) is meant to be evaluate as CSA or STS only. Usually there would be 3 to 5 CSA/STS before a PTS occurred

[Captain]

We move to a h8 (h4 x 2x)

 

http://i.imgur.com/ZgINq.jpg

 

But that is still not enough, as the 13s are still crossing over the 68s

 

We go to h12 (d1 x 0.5x) and its still crossing too much, and the gold MA is now moving up instead of down.

 

http://i.imgur.com/M3Sgc.jpg

 

 

We move to d1 and the chart has now got all the 68s moving up (around May 3rd - where we are doing the analysis). So now the chart looks totally different to where we started, which was in our short trade.

 

http://i.imgur.com/HiXRm.jpg

 

 

I'm sure I went down the wrong road somewhere, if anyone can point me in the right direction it would be appreciated.

 

Joe

 

Joe, it doesn't matter how far you follow the force index. Once you have the full set of traits, it would still valid until a new pullback or new trend extreme happened. Therefore, an initial H1 traits s/u might be evaluated at W1

[Captain]

Well from the M2 pullback analysis, I got a continuation of the uptrend.

 

http://i.imgur.com/OZfDr.jpg

 

I don't know how a secondary set up would have faired, so I'll take a look.

 

The book says; the cross should be within 5 bar of the previous pullback extreme, I see that the cross was at the 6th bar

[joekurr]

Hi Captain,

 

Thank you very much for your detailed review. It was very generous of you.

 

I have a few questions regarding your review, that I hope you can clarify.

 

 

Question 1

 

Regarding the 1st Pic below.

 

http://i.imgur.com/KPamW.jpg

 

You said you'd consider the cut to be a flip.

 

I zoomed in on the area that I called a cut and the lime green did not cross over the gold to the downside anytime around that area - that's why I only considered it a cut.

 

The gold did turn down by a pip then back up, so should it be considered a flip because of the overall look? Or should it not be considered a flip because the lime green did not cross the gold?

 

Or should it not be considered a good cut because the gold turned down.

 

Sorry for focusing in on this, but it seems key for proper setup.

 

 

 

 

Question 2

 

 

This (post #110) is meant to be evaluate as CSA or STS only. Usually there would be 3 to 5 CSA/STS before a PTS occurred

 

Why is post #110 meant for CSA or STS only (chart reproduced below)?

 

http://i.imgur.com/KqYSM.jpg

 

Is it because the trend extreme did not surpass the trend extreme at Jan 27 16:00? Or is it for another reason?

 

 

Question 3

 

Purple wraparounds invalidate the setup when the purple MA surpasses retrace.

 

So at that point we wait for a deeper pullback, and can do the analysis on that deeper pullback.

 

Or wait for a new trend extreme to form and we'll then repeat the analysis and we'll way for a new pullback off the new trend extreme.

 

Is this correct?

 

 

Thanks again.

Joe

Edited June 16, 2011 by joekurr