Samoth wrote: Tue Nov 28, 2023 10:22 pm Do you still use higher time frames in your overall bias when trading? Or just sticking with one chart? (H1)

I use all the TF's for my analysis . With this setup, I can ascertain the bias pretty quickly. You'll see how easy it will be

CAD GDP on Thursday so the Market makers are screwing around with the CAD pairs at the moment and setting up for their big move
I'll be waiting patiently for valid sell signals as well as a BUY on CADCHF (on the higher TF's) for ALL the CAD pairs Did not take any BUY signals as I was in other trades

No need to FOMO, speculate or rush

AUD and NZD news tomorrow morning as well so expect the Market Makers to do a bit of spiking aka stop-hunting. Trade safely

All trades running beautifully and as predicted. However, once again, on a number of the trades, there was a pullback (minor drawdown) to really test the trader i.e me

Nevertheless, I trusted the system because despite the drawdown on practically all the pairs none of the pairs showed an exit signal during the drawdown so I held firm and now you can see the result!

So be prepared for this and if one does get an exit signal take the loss and move on. The system will NEVER give 100% results but your winnings will FAR out way any unfortunate losses that may occur .

Your journey to success starts tomorrow

Now I'll monitor my running trades on the current timeframe and a lower timeframe for the exit signal to book profits on the trades

Alright, guys, I'm done for today Off to enjoy a well-deserved pizza

Letting 2 JPY pairs run overnight in anticipation of the AUD and NZD news tomorrow. As well as my CADCHF swing trade. Added 2 more trades to my CADCHF trade after the CAD manipulation down earlier today

Probably NOT the best idea to let the JPY trades run as if one SELLS JPY pairs with my broker there is a negative swap fee. Haha, the JPY does NOT like to be sold

I like the Asian session to review my trades and take any AUD, NZD and JPY trades if they present themselves. So lets see if I manage to get up at 2am South African time tomorrow
Regards,
Beatle

Okay, after enjoying my pizza I decided to change my decision on the JPY trades. Closed for good profit and in its place I have put a few SELL LIMITS. These are in anticipation of a lovely spike and move up on AUD and NZD pairs before a drop. (My personal opinion and in NO WAY trading/financial advice)

Of course, this goes against the whole idea of the new BEATS V5 system where we would wait for an ENTRY as well as an EXIT signal But hey, you guys know that I like to experiment and test.

Have a great evening everyone and catch you on the charts tomorrow

Beatle

Smoth is it true that you have ATS purchased with your original account? check their indicator on tradingview? It may have written that deposits can be deposited into the account. Maybe I can make a transfer for you and you can add my tradingview if you don't use it yourself

Samoth wrote: Tue Nov 28, 2023 10:22 pm I'm envious, here in Central Europe we've just got around -5°C and a mixture of snow, slush and gale force winds

Do you still use higher time frames in your overall bias when trading? Or just sticking with one chart? (H1)

Hi guys,

Alright, here we go . This is my latest trading setup that I have put together to make this trading journey of ours even more FUN and PROFITABLE.

I've called it BEATS V5, which stands for Beatle's ATS Version 5

My goal with this setup was to make MY trading as simple and as efficient as possible. I want to simply look at the chart and the setup will show me if I should BUY, SELL, GET READY (for a potential trade), or STAY OUT until later.

For my trading style, I feel that I have achieved that. Hopefully, you guys will feel and achieve the same.

Nevertheless, I have to state the following because unfortunately there are stupid people in the world and stupid traders especially that will NOT follow the rules and then blame someone else for their mistakes and losses.

So, I categorically offer NO GUARANTEE that you will be successful or achieve great returns in your trading using this setup. You may lose some or all of your money by trading this system. It works for ME and that is all that matters.

You are welcome to add, delete and make any changes to the system that you feel are necessary to facilitate YOUR style of trading. And DO NOT FORGET that at the end of the day, YOU are solely responsible for any and all trades you place. ONLY YOU can make the final decision to BUY or SELL!

Okay, with that out of the way let's get to the system.

Components of the BEATS V5

Main Chart Indicators:

1) ATS v5 - This has been included to provide the framework for the system. With ATS 5 I can easily see where price is in relation to value i.e. is it ABOVE or BELOW value (very important). You will also notice that the ONLY components of ATS I have selected are the contraction boxes and the Liquidity lines. The rest I felt was NOT necessary for the system to work optimally.

2) Support and Resistance Lines (Blue and Yellow lines across the screen)- These will dynamically show the Monthly(MN), Weekly(W1), Daily(D1), 4 Hour(H4), and Hourly(H1) support and resistance levels on the charts. I've included this because now I do not have to draw any of these levels myself and I can instantly see where the price is in relation to these levels. And in combination with the ATS value line, it is invaluable!

3) Elliot Wave Oscillator arrows - These are similar to semaphores and I personally like them on the chart. In tandem with the next indicator, they provide additional confirmation.

4 Zee Support and Resistance (Blue and Red bars, and Scissors) - These are MY provisional ENTRY and EXIT signals. Because they are probably based on the zig-zag they do have the potential to recalculate. So I NEVER enter or exit exactly when these signals appear. I've included them because unlike semaphores they ONLY appear when a potential reversal point is imminent! This I LOVE

5) Market/Volume Profile - It is NOT visible but you bring this indicator up by pressing the R key on your keyboard. To remove it simply press the DELETE key on your keyboard. I DO NOT provide any volume training so please go and research this on YouTube or other sources

So the whole premise of my system is that I will be trading from BAR to BAR, Bar to SCISSORS, or SCISSORS to BAR NO NEED to speculate as to when to enter or when to exit. For me, it works perfectly and I can now chill between trades and enjoy the quiet. It is advisable to ONLY trade from bar to scissors but after getting very familiar with the system you can then consider trading from scissors to bar. But we'll deal with that option in our discussion in the forum.

Sub-window Indicators:

1) ADX Trend - Blue and Red line with white shadow. This shows me the trend and is an excellent divergence indicator as well.

2) Waddah Attar - the trusted and reliable Waddah just works showing volume (Always been one of my favourites)

3) On Balance Volume - An additional volume indicator

4) Supertrend - Again a personal favourite of mine that I've included in previous versions of my XU-Hybrid system

5) And the final one is @kvak's excellent 3x XUMA indicator that I've set to show the crossing of the 5, 13, and 50 EMA's from the BTMM system by Steve Mauro. ONLY a change in the 5 ema colour is required (the 13 and 50 colour changes are additional potential entries)

Trading Rules: (extremely simple)

Using the sub-window indicators I will ONLY enter or exit a trade when I have ALL the sub-window indicators in alignment AFTER the appearance of the Zee Support and Resistance bars/scissors! Please see the screenshot for clarification. Now many a trader may feel that this is overkill or they are NOT necessary. But as I've said previously it works for ME.

DON'T FORGET that you can change any and all aspects of the system to your liking.

Please go ahead and test the system on demo and then all feedback will be welcomed. Criticism is welcomed as well but I only request that if you have any please accompany it with a suggestion or solution to your criticism

Warmest regards,
Beatle

BEATS V5 Trading System
The dynamic zone .dll is missing from the download.
The ATS Video Library (VERY IMPORTANT!)
ATS Video Library

I have shorted Gold at 2050, I am sure this will go back to 2070 on Weekly TF but I will take some profit now re-enter at the top. Interesting days for Gold !

BeatlemaniaSA wrote: Wed Nov 29, 2023 3:37 am All trades running beautifully and as predicted. However, once again, on a number of the trades, there was a pullback (minor drawdown) to really test the trader i.e me

VespaTrader wrote: Wed Nov 29, 2023 7:36 pm I have shorted Gold at 2050, I am sure this will go back to 2070 on Weekly TF but I will take some profit now and re-enter at the top. Interesting days for Gold!

I see Gold potentially aiming for 2080.14 Monthly resistance! If it breaks that then it's going up. However, it has reached that level 3 times since 2020 BUT not broken it.