Re: BeatlemaniaSA's XU-Hybrid Trading System
891good call B, usually without london or Ny the market will be super slow.
Hi constbln,constbln wrote: Sun Jul 03, 2022 10:34 pm My question is what made u choose rsi 3 (next higher tf) for the arrows? I know it makes sense and I make good trades (blablabla), but how did u come up with it? any backtests?
looks pretty decend on a system Im trading. Need to see how much failtrades it will elminate
BeatlemaniaSA wrote: Sun Jul 03, 2022 9:52 pm The markets are closed in the USA tomorrow because of their Independence day, 4th July. So, I'll be up early for the ASIAN and LONDON MARKETSNormally, I trade the indices but tomorrow I'm planning to ONLY trade the JPY pairs. Let's see what the markets are going to offer us guys
I'll be doing some extra testing as well
Warmest regards,
BeatlemaniaSA
Yeah, I'm going to be spending this week forward testing it on various timeframes to see how it works
hello narutopips, may i know how do you determine the trend of the D1 time frame, please?Narutopips wrote: Sat Jul 02, 2022 6:17 am If you followed the thread closely plus the instruction given on the first page that is all to it. But there are two things i do, first is that i trade the 4H and D1 Timeframe and i uses the strength indicator below. since trading these two timeframes, my trading has really improved.
1. Before the European market start, i go to the D1 Chart with a pen and a Paper i determine the Trend of each and every pair, because the secret to every trade is PREPARATION, if you can determine the trend, then you almost there.
2. i wait till the trend from my paper enters coincides the with the 4H Timeframe then i enter
3. Lastly with the trend direction indicator i use as a 4 confirmation to determine volatility and strength and the exact pair to trade. that's all.
Really don't know how to go into details, but if you look at the 200 Ema line in the system, you can use it to determine the trend, though trend determination is done with experience, Don't know if anyone can help explain it to him because it has to do with Charts and detailed explanation, can't do that now because I am at the office now.renaissance7 wrote: Tue Jul 05, 2022 5:56 pm hello narutopips, may i know how do you determine the trend of the D1 time frame, please?
One of the easiest ways to ascertain bias is the so called Dow Theory:
Exactly. Thanksjosi wrote: Tue Jul 05, 2022 8:56 pm One of the easiest ways to ascertain bias is the so called Dow Theory:
viewtopic.php?p=1295455459#p1295455459
Hi, I think this is what you are referring toglobal wrote: Tue Jul 05, 2022 9:10 pm Hi Beatlemania,
First of all, thanks for sharing your wonderful system. I have one question. In the chart from one of your previous posts shown above, can you share with us the indicator you used to create what looks something like Bollinger Bands or ATR bands with bars connecting both bands and the bands seem to be following the movement of the fast XU Ma? Seems like that will give a very good indication of whether or not it's too late to enter a trade. Is that how you use it? I don't think you posted that indicator previously in this thread, at least I couldn't find it. Hope you can share it with us. Thanks a million.