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That's the #signal Bars v.71 from Mr. Cja. #Signal_Bars_v71.ex4 Best regards, Paulinge |
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Robert |
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As I did not see any follow up on the results, I stopped posting.... These are from today. |
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Any mods?
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Thanks very much |
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First of all I think there is nothing wrong by selling something if it is value for money. But you say that you are not trying to sell something. As far as I can see this topic is from you. It is in the commercial section and you try to sell something: Evaluation: Simple Signals So don't say : I AM NOT SELLING ANYTHING!!!!!. Secondly: about your challange to make 1Milj pips; You made some rules that people need to post there entry and exit by a printscreen before there result can be taken in account. Wich I only find more then normall because anyone can post whatever kind of profit they made if it is not wintessed by anybody. BUT...what I see is that nearly every printscreen of an entry that is posted is well in profit before they post it. So that means that many people can try to take in entrys and only if they see or feel that that their position is in profit only then they gonna post it. If you want the results taken a bit more serious or reliable then the time of entry and the time of posting the printscreen should not have more then 5 to 10 minutes delay. I also see that most of the printscreens that are posted have some sort of an excuse. I could not..I was not..I had not the time...etc..etc.. I see that you even take results in your acount where people did not post their entry positions but again post a nice excuse the reason why they did not post the entry signals. But you buy the excuse anyway. Lets face it, if I want to spoil this challenge according the way you handle the rules, I can do the opposite and not post my entry and only when I see that my position goes more then 1000pips in loss then I post my exit with a poor excuse and you will need to take in account as you did with other results and it would bring you back to square one or zero. And I don't need to bother that I would look like a loser because you post only the 5 best winners. ![]() So those results are highly questionable because the printscreens show already a very nice profit the moment that they post their entrys. So I can understand some remarks of people that they do not see the losses. ...people take an entry....look if it is going in profit..if it is not in profit or if it is losing they do not posted ..if it is going nicely in profit then they post it.... A bit like the zigzag indicator itself... a dot apears for a top or bottom one takes a position but before you know it that top or bottom is broken and a new dot apears to show a new top or bottom and one can start all over again. Conclusion: nearly only profits will apear here on this challange. But not that it matters because after 1 month the challenge that is based on highly questionable results is now at +/- 1500pips profit. So it will take an other 666 months (or 55 years) before the challenge gets at 1Milj pips. Not that I wish that it would fail but with a bit more realistic goals and following the rules correctly so it would proof something with a high reliability, it would have made this an interesting topic or challange to follow. Up till now it proofed nothing. Sorry it proofed that people show or post whatever and whenever they want when it suits them. People want to make shure that they can post profits and not losses. Keeping up apearences.... One does not want to post severall losses because they think that posting losses is equal as beeing a loser... Regarsds...iGoR
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Succes comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR) Price moves in a 100% random way so build yourself a system that is not affected by trend or consolidation...(iGoR) Last edited by iGoR; 01-27-2008 at 02:38 AM. |
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MP -- guess i have to talk over here also
[quote=bigbear3391;135365]__________________________________________________ _______________
UPDATE 12/03/2007 Hello all, First I want to thank all of you for the support. Forex11 & I never thought this would take of they way it did. Thank you. Now down to business. As I said somewhere on this thread I would only be updating this original method with any new additions once I was satisfied with its performance & it still adhered to our K.I.S.S. methodology. So officialy I will be adding the MFI (Money Flow Index) with 80/20 settings. I will be & have been testing certain indis & possibly will be updating again in the near future. I would like to ask Forex11 (Co-Creator FTC) if he would like to post his methodology. Below is screen shots of the my current methodology. While the MFI works, so does the CCI, RSI, A/D and even ma crosses --- what brings a laugh is that people get SO emphatic about ONE indicator when they ALL work just fine ! As for exits & stoploss. To make it simple if you use a 1HR GBP/JPY I reccomend at least 75 pip SL. on the 4 HR a 200 pip SL. As for exits you can use the next signal or a profit point of your choosing. As for me I use the MFI to see how close its being overbought/oversold, look for upcoming news that my affect your trade & to make sure my risk reward is at least 2-1. Never risk more that what you will gain. Put bluntly its stupid. If one has gotten a good trend change move, using stops (ESPECIALLY on the one hour and four hour are a good invitation to disaster and if you wish to argue, Ill show you exactly why ! Assuming you havent gotten a repaint, the price WILL ALWAYS MOVE IN THE NEW TREND DIRECTION, although it may not move till the next MAJOR market reversal hour, and if you dont know the market reversal hours . . . . . (oh never mind !) for tp points, use "support and resistance" from barry and the MAJOR ma's, such as 200, 89, 62, 50 and the all impt 20 ! Since you came over to the site Im at, you must know these things work nicely, along with the LRC, Bols and others ---- in fact, on the H4, you can do a whole lot worse than plant your tp at the high of the bols if youre long ! The reason I say that is because I have noticed that more than a few times the trend will bounce & retrace for a while, then continue. I have used the bounce as stop & a chance to add to my positions. If one sets a fib 15% on a retrace of the one or four hour chart, they will notice OFTEN lately, the price will bounce back up to the original resistance point, which is the "dot", "arrow" or ziggy down move and then WAIT FOR THE NORMAL MARKET REVERSAL TIMES to make its "COMPLETE" down move --- this tends to happen like clockwork (well, actually it IS clockwork !) so you can play it as you like, WAITING for the reversal to REALLY set the trade, or doing like bear, letting it drop (i then sell, and take the upside play with a buy stop set at resistance or above if theres a silvertrend or super signals arrow ABOVE the original resistance area ! A few points are if the overall trend is long & you see a short signal, chances are its a small retrace so it is more risky. However its a good chance for a quick profit. There are some neato tricks one learns over the years with the ziggies and they tend to hold very true, EXCEPT the last few days with GU, where no matter where the arrows and dots were on the one and 4 hour, the sucker just went UP and UP and UP again on the next repaints, even though the ziggies would indicate a short. Fortunately for those who might have gotten caught in that tomfooolery, if they have no stoploss, the currency WILL come back down, allowing them profit --- enjoy and trade well mp
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Within the great hall at Elfinore stands a wondrous coffer, precisely four cubits square and securely latched against the outside world. Inside that repository, shut away from impertinent eyes, abides many an intriquing trading secret garnered from around the world and over the ages ! As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence -- BUT I KNOW WHERE THEY HID THE KEY !! Last edited by mp6140; 01-26-2008 at 11:50 PM. |
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Keep you regards. I dont need them. Good luck everyone else in your trading. Bear- ![]() |
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![]() AMEN & ENJOY! fxcruiser |
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