Originally Posted by abrs70

why so many method and indicator SIMBA?

Originally Posted by KptMisiu

Hey Simba,

I have been watching and testing this system last days, but I think, it was a difficult time, especially for the 5min system with 4hxpMa_SATL together with 1hchandelier. On the 1m system with only chandelier there were many good signals every day. I observed that the closer the chart to the chandelier(even below it for a buy or above it for a sell) the stronger the move, but the best/average move on 1m chart seems to be about 20 pip.

I did not have much time the last two weeks, but I hope the next two weeks I can spend more time on it.

I hope, you are going to continue this thread, wish you all the best, thank you

KptMisiu

Originally Posted by Malcik

Hi all, I discovered this thread a couple of days ago and went trough it. It is great to have Simba reveal his secrets and others to diligently discuss them. I just hope this thread doesn't die so that we can continue working on this together and learn. Simba, you're a great mentor!

I have a little confusion concerning the signals. I don't know where I'm supposed to wait for the final color of the indicator (for the end of the corresponding 1-hr. or 4-hr. period), when I'm supposed to just wait for the close of the current 5-min. bar, and when I'm supposed to act on colors it keeps giving tick by tick.

Here's how I got it:

ENTRY:NO,JUST DIRECTION FILTER
MTF SATL - anytime the COMPLETED4-hr. period is blue/red, ALLOW FOR long/short ENTRIES
Chandelier - anytime the LAST COMPLETE 1-hr. bar closed above the buy line or below the sell line, enter long/short NO..SEE EXIT
W%R - anytime the current 5-min. bar AT THE TIME OF ITS CLOSE gives W%R below -95 or above -5, enter long/short IF SIGNAL IN DIRECTION OF THE MTF SATL TREND FILTER

EXIT:
MTF SATL - anytime the LAST COMPLETE 4-hr. period is red/blue, exit from long/short position OK
Chandelier - anytime the COMPLETED 1H CLOSE OF THE 5 M price crosses buy/sell line, AND CHANDELIER CHANGES ITS COLOUR AND POSITION,exit from long/short position because that's where our intial and trailing stop is

Please tell me if I got it right.

I'm confused about what happened 1/19/07 at 15:25 GMT. I don't know what the color of SATL was at that time but let's say it was blue(NO,IT WAS NOT COMPLETED AT TIME OF SIGNAL,SO THE LAST COMPLETED 4H SATL WAS RED). Chandelier says long because it had been violated only temporarily OK(it didn't close below it on neither end of any of the 1-hr. periods). Together with W%R, it is a clear entry signal,NO,INVALIDATED BY RED SATL. But where do I place the stop since it is above my price?YOU DON`T ENTER LAST COMPLETED 4H SATL SAYS SHORT AND CHANDELIER SAYS LONG..JUST WAIT..FOR THE MOMENT

Thanks for your cooperation and have a great day!

Originally Posted by SIMBA

Hi everybody,

Please check the attached pic,you will see that since yesterday at 18:44 CET ,to this morning at 07:47 CET , we had 4 different BUY entry signals,in the 1M TF-1M is "allowed" when price above/below blue/red SATL with Chandelier agreeing,see previous posts-,ranging from 1.9755 to 1.9780.

Price is now,at the time of posting, at 1.9826,above the Resistance 3....What should you do?

It can be interesting to note that there are no GBPUSD related news until tomorrow....

Tell me ,tell me

Simba