well a private Jet would be great ..thanks mate and i'll be waiting your next post.

Yes,that is why we work these settings at 5M timeframe,my friend,please read the rules..normally in an uptrend %R does not touch -95 in TFs higher than 15 M,same for -5 in a downtrend,so,if we want to pick dips in an uptrend,my experience is that is better to use 5Mand,sometimes,even 1M when trend is very strong..so,for now,please read the rules,just follow them..you will have enough time,once you learn the system,to add your personal variations regarding TFs,indicators and general trading philosophy.

Regards,
SIMBA

Thankyou for your prompt reply , I am a new trader and hopefully will learn alot from your experience . Thanks for posting and helping us over here. And I hope you wont mind my newbiesh questions .

Simba :

Thank you very much for sharing with us your system. It seems to me to be very good. Actually, there are many things that please me of that you have expressed in your thread. (To the point of feeling motivated to answering).


One of these things that pleases me is your form of lateral, simple and deep thought.

"PRICE = SIGNAL + NOISE "

This thought is a real jewel.After reading it I said to myself "¿How I did not think that way before?. Thank you once again, I will follow you with attention .

P.S. my first language is Spanish also, though Spain is enough far from my country.

Hola Simba,

first I wanted to thank You very much for Your "lessons", I will follow them.
I have a little problem. At the time as You had an entry signal, my xpMA was in downtrend. Please see my attachment. Did I do anything wrong? Are my settings wrong?

Regards
KptMisiu

Attached Images

chart.gif (20.7 KB, 1587 views)

Hi KptMisiu,

Nice question you had..you are partially right,if you look at it backwards from the future..

1-At the time, the system was right,the xpMA was up and Blue,as you can easily check in the previously posted image,that I repost here as signal.gif,what happened,is that,at the end of the 4H period the bar acquires its final colour..giving an exit signal with a loss of approx 15 pips,you should have entered in the80/85 area and exited at 12.00(CET)in the 68/75 area ,when the 4H bar closes,and DEFINITELY GETS ITS COLOUR...SO,this is one of the things to improve in my system,the fact that every 4h close you have to take care of refreshing/rechecking the bar..In practice this problem usually arises only when the price is below the uptrend or above the downtrend,so,for the moment take care,papertrade the rules,and refresh every 4h.
In addition,different geographic locations will have different ends of their 4H BARS,12.00CET when my bar closes,12.00 GMT will had closed one hour ago,etc,etc,and,in periods of potential trend change,the signals are going to differ from the different geographic locations..So,this another weak point of my system,POTENTIAL TREND CHANGING TIMES GIVE MESSY AND UNRELIABLE SIGNALS,to solve this problem I devised several advanced strategies,for the moment please keep papertrading the BASIC STRATEGY.
In addition ,I usually do not trade on Fridays-I do trade on Mondays though-
and specially Fridays when my system is giving a potential change of trend indication
and we have hard data coming (CPI,TIC,CAPACITY UTIL,IND PROD..).
I will only trade today after 16:30CET,if the trend is reliable,changed or not,and the economic data has been digested by the market..AND I get a signal .In your case ,what days you trade is your personal decision,but for the sake of this thread,please be so kind to papertrade the basic system as expressed in the rules.

2-As per the basic system we are in downtrend mode,at least until end of 4h bar ,so we wait for a sell signal in the %R ,when it goes above-5.Please see attached pics,signal.gif,and change.gif

Regards,
SIMBA

Attached Images

	simbabasic5m signal15dec06.gif (16.2 KB, 1265 views)
	simbabasic5m change15dec06.gif (16.1 KB, 1179 views)

muchas gracias amigo, now I understand

KptMisiu

Thanks,

Take care if you are going to trade the news,I have the feeling that they are going to go for the stops below 1.9555 and above 1.9590.
I will check situation again at 16:30,until then good luck,and papertrade the system.
Regards,
SIMBA

Could you please post your indicators
Thanks you

Today trade look nice 1@ S 9620 > tp 9567 = + 47 pips ,2 @ B 9562 > 9652 tp = +100 pips ,3 @ S 9653 > 9520 tp = +133 pips . Total 277 pips . Only 1 pair , 4pair.... ... Cheeers