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  #1621 (permalink)  
Old 11-11-2007, 04:50 PM
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Quote:
Originally Posted by mpower View Post
I just have an idea for a filter. It is from Simba's thread. I like his indicator a lot(and his ideas of course this is another story) Now, I have no idea how well this will work with the bouncing pip, but fact is the xpma satl isolates much of the noise. We can take bouncing pip entries only if the xpma satl(current timeframe) confirms it. Now exits are the hardest part, perhaps we can try exiting on a QQE cross or xpma satl color change....



When you say the satl has to confirm it do you mean price has to cross the moving average?

Thanks for the indicators MPower!
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  #1622 (permalink)  
Old 11-12-2007, 01:04 AM
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Cool up arrow

We have a up arrow on the 4h gbp/jpy.

my stochastic filter is at 5

my rsi is at 10

but my mfi is at 45

So i will wait until it falls alittle bit more and wait for a good candle-formation before i jump in to go long
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  #1623 (permalink)  
Old 11-12-2007, 03:02 AM
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A well formed four hour pin bar just closed on my WHC platform giving a strong sell signal.

But I'm definitely looking to go long on this arrow!
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  #1624 (permalink)  
Old 11-12-2007, 03:10 AM
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Does anyone use this indicator as a standalone. Let's say you get the signal, then jump in. It takes off in your favor, set the stop to break even. Let's say it goes against you and hits your stop. Then, just wait for the next signal and get back in. Keep repeating the process until it gets right. After all, it seems clear to me that it is not the W-L pct that is important. Getting in for the ride is the important thing.
BTW, I went long the GBP/JPY and USD/JPY.
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  #1625 (permalink)  
Old 11-12-2007, 10:32 AM
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confirmation

Quote:
Originally Posted by 4xpipcounter View Post
Does anyone use this indicator as a standalone. Let's say you get the signal, then jump in. It takes off in your favor, set the stop to break even. Let's say it goes against you and hits your stop. Then, just wait for the next signal and get back in. Keep repeating the process until it gets right. After all, it seems clear to me that it is not the W-L pct that is important. Getting in for the ride is the important thing.
BTW, I went long the GBP/JPY and USD/JPY.
I usually wait for a definite candle-formation along with my mfi either at or below 20 to go long. I generally dont get to many repaints this way.
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  #1626 (permalink)  
Old 11-13-2007, 12:08 AM
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oh well

man i had a feeling i got out to early on the gbp/jpy i could have doubled my profit
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  #1627 (permalink)  
Old 11-13-2007, 02:00 AM
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Originally Posted by forex11 View Post
man i had a feeling i got out to early on the gbp/jpy i could have doubled my profit
agree with that, Mr. Forex11. just realized it last night.

before that; greetings, im newbie here but i frequently visit (n read) this thread since oct. i made my first +750 pips with real trade using FTC method, coz of last week's friday night. but, yesterday i lost another 600 pips becoz of my too early entry . im using marketiva for trading n today, although my entry is late (GJ:227.00, EJ:160.52), i optimist gj n ej will go long all teh way. i will stick to this thread to revive it n share my entry with everybody.

lots of thank u for Mr. BigBear, Mr. Forex11 for this awesome trading system.

P.S plz update the FTC gear with nonlagdot, thx
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  #1628 (permalink)  
Old 11-13-2007, 12:55 PM
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Smile

Hello bear, nice & work system
i'm trying to use your system. i have questions here:
1.do you wait until the email alert before opening position?
2. today gbpjpy showing bounce,is it correct time to enter long?
thanks
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  #1629 (permalink)  
Old 11-13-2007, 01:08 PM
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Quote:
Originally Posted by forex11 View Post
I usually wait for a definite candle-formation along with my mfi either at or below 20 to go long. I generally dont get to many repaints this way.
hello mr forex11,
may i have mfi indicator with suitable setting.thank u
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  #1630 (permalink)  
Old 11-13-2007, 03:07 PM
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Quote:
Originally Posted by fxdragon View Post
hello mr forex11,
may i have mfi indicator with suitable setting.thank u
MFI(Money Flow Index) is in most MT4 platforms when you download it.

But Forex11 has said he uses a 45 setting and waits for crosses of the 20 and 80 lines but that's a really high setting.
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