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Re: BeatlemaniaSA's XU-Hybrid Trading System
Posted: Wed Jan 26, 2022 5:26 pm
by BeatlemaniaSA
josi wrote: Wed Jan 26, 2022 5:21 pm
This is not at all a criticism, on the contrary: everything you write makes total sense to me. I would only add:
From my point of view what we can see from looking at CCI (either H4 or D1 length, which means colouring etc could change any time within this time period) is a fading of momentum.
This can mean two things:
a) pullback (retracement) - CCI is above zero, after all (and as long as it is, we are functionally still in an uptrend, even with red and declining bars)
b) reversal
If you want to make this somewhat clearer you could use price action, for example the 4-bar-fractal method (I posted maybe a week ago in the "something interesting"-thread) because it gives you another hint that price may reverse.
Hi Josi,
Constructive insight and input is NEVER criticism
. I'll check it out test it as well and I recommend the members test it out as well. I'll be calling on your knowledgeable expertise for more insight to how best to incorporate it into XU-Hybrid.
Constant improvement is what we are seeking.
Warmest regards,
BeatlemaniaSA
Re: BeatlemaniaSA's XU-Hybrid Trading System
Posted: Wed Jan 26, 2022 5:45 pm
by trailingedge
Great clean set up, thank-you for your work!
M15 - GOLD/USD
Chose not to enter long with the RSI green signal due to CCI still red...
I am assuming that is a correct assumption.
Regards,
TE
Re: BeatlemaniaSA's XU-Hybrid Trading System
Posted: Wed Jan 26, 2022 5:56 pm
by BeatlemaniaSA
trailingedge wrote: Wed Jan 26, 2022 5:45 pm
Great clean set up, thank-you for your work!
M15 - GOLD/USD
Chose not to enter long with the RSI green signal due to CCI still red...
I am assuming that is a correct assumption.
Regards,
TE
Correct
Be patient and wait for the correct setup. Don't just enter whenever a signal arrow fires. Review it in the context of the chart and your
RULES for entering a trade
Regards,
BM
Re: XU-Hybrid Trading System v2.0
Posted: Wed Jan 26, 2022 6:04 pm
by BeatlemaniaSA
josi wrote: Wed Jan 26, 2022 5:25 pm
a question, though: why did you use 60 and 24 for zigzag?
(I have - some time ago - used 60 and 9: more signals; better for beginners (? - shorter time in each trade) - because - later on - "only" 60 may be enough)
Hi josi,
Ever since I have the zigzag indicator I have tested many combinations, 60/36, 60/24, 60/12, 60/11
but I have found through experimenting that 60/24 gives just the right amount (balance) of signals. When I had it set to 60/11 the screen was filled with signals. A bit overwhelming and I think for a beginner that may not be the best
Rather a few signals allowing them to actually stay in the trade longer
Regards,
BM
Re: BeatlemaniaSA's XU-Hybrid Trading System
Posted: Wed Jan 26, 2022 7:07 pm
by BeatlemaniaSA
Pay attention to the news today guys as you know the
Market Makers are planning something to move the market in their favor and (try to) take your money
Regards,
BM
Re: BeatlemaniaSA's XU-Hybrid Trading System
Posted: Wed Jan 26, 2022 7:11 pm
by BeatlemaniaSA
UPDATE:
SL moved to entry already
Wishing you all great success today!
Regards,
BM
Re: BeatlemaniaSA's XU-Hybrid Trading System
Posted: Wed Jan 26, 2022 7:43 pm
by josi
BeatlemaniaSA wrote: Wed Jan 26, 2022 7:11 pm
Wishing you all great success today!
Regards,
BM
Man, you rock! If you go on like this, your thread will be on fire!
(I don't trade US200, but US500 on H1 was a countertrend trade - as far as MAs where concerned -, whereas WS30 was not; just saying)
Re: BeatlemaniaSA's XU-Hybrid Trading System
Posted: Wed Jan 26, 2022 8:11 pm
by iseaje
josi wrote: Wed Jan 26, 2022 5:21 pm
This is not at all a criticism, on the contrary: everything you write, makes total sense to me. I would only add:
From my point of view what we can see from looking at CCI (either H4 or D1 length, which means colouring etc could change any time within this time period) is a fading of momentum.
This can mean two things:
a) pullback (retracement) - CCI is above zero, after all (and as long as it is, we are functionally still in an uptrend, even with red and declining bars)
b) reversal
If you want to make this somewhat clearer you could use price action, for example the 4-bar-fractal method (I posted, maybe a week ago, in the "something interesting"-thread) because it gives you another hint that price may reverse.
Thanks josi. Please what MA do you use on your chart? Thanks.
Re: BeatlemaniaSA's XU-Hybrid Trading System
Posted: Wed Jan 26, 2022 8:13 pm
by josi
iseaje wrote: Wed Jan 26, 2022 8:11 pm
Thanks josi. Please what MA do you use on your chart? Thanks.
It isn't my chart; just a picture I copied: play around a while; can't be that difficult (if you are really interested)
Re: BeatlemaniaSA's XU-Hybrid Trading System
Posted: Wed Jan 26, 2022 8:22 pm
by iseaje
josi wrote: Wed Jan 26, 2022 8:13 pm
It isn't my chart; just a picture I copied: play around a while; can't be that difficult (if you are really interested)
Thanks for the quick reply.