I've received a lot of e-mails from my trading friends and, most of them were about the little TS ForexSmartS Piece of Cake. Some guys just couldn't see the importance of a MATCH of the colored MA and the Stochastic cross. Some think that stochastic is not necessary. The answer is pretty obvious, but, I'll explain: If you check the charts you'll see that not ALL the times that the MA changes collor, the market goes with it, but, 90% of times that there is a match, the market goes with it.
If you go just with the colored MA, you're not beign consistent, you're kinda killing a bird with a Machine Gun. You are as sure as Ronaldo from Milan, taking Guys as Girls! (lol) I prefer to be consistent and precise.
I'll just screen the chart now, and post, and You'll see some no-match signals(again!) and the importance of matchin':
Blue square means: MATCH
Red square means: NO MATCH
Some will say: "If you've traded with the CMA you would've done more pips"
But only with a match you can see a REAL movement!
Both positive trades would've made you 360 pips in 4 days. More pips then most paid systems can provied you monthly. And with the sure of not having BAD trades.
Think about that than just click the DONATE button to show how thankfull you are! :D
(there is no donate button, it was a joke)
Thank you guys. Keep in touch.
C ya!
By the way, I'd like to recommend you the OzForex blog; not friend of mine, but it's very consistent trading strategy, Long-Therm-Trading as FxSmarts: www.ozfx.com.au
ae rodrigo, parabens pelo system!
ReplyDeletecara, que regra de saida vc esta utilizando ?
my bad, man
ReplyDeleteOlá Freire. As regras de saida/money management estão no post anterior onde explico o o TS. Tem um link alí do lado direito em Internal Links chamado ForexSmartS ERUCHF Piece of Cake.
ReplyDeletepois é.. vi depois
ReplyDeletevaleu cara
como estão teus trades ?
parabens pelo sistema
Vão bem. Estou tentando fazer um Tading Diary, como você pode ver pelo post de ontem, mas meu tempo está curto para o blog.
ReplyDeleteHey rodrigo, thanks for sharing your forexsmarts system :) I really appreciate that :)
ReplyDeletei did some backtesting and comparing those charts you attached with mine, using your indicators parameters AND template.
What I discovered is that they don't match! For instance the MA is crossing earlier in your chart picture than in mine.
Furthermore I see that you repaint the paramters in your attached charts, why ?
regards
I repaint what!? Didn't get your point. Maybe you should read the entire blog to get your answers. But, the fact is that it works ;)
ReplyDeleteI did read your entire blog to trade it like a pro like you ;)
ReplyDeletebut let me show you an example this with this picture "http://bp1.blogger.com/_QFMYkiCnnFY/R4sdwM7sQVI/AAAAAAAAAGA/s_8uWAu1SBI/s1600-h/nzdjpy.gif"
and that "http://bp1.blogger.com/_QFMYkiCnnFY/R3xZ-87sQSI/AAAAAAAAAFo/C6O_09dQH2w/s1600-h/4.JPG"
now pay attention at RSI and Stoch parameters do you see what I mean?
now when i compare those pics with my charts using your template "public EURUSD template" it shows me "almost" the same but sometimes delaying "entry" points and delaying "exit" points.
for example Emas are crossing earlier or later compared to the picture ones.
or the par sar are not moving similar.
don't get me wrong, I don't want to critize you. I'm really thankful of what you share so that's why I just want to understand why it is
so different,because after i backtested it with the "public eurusd" template I was more often losing then winning.
(opening trades like your rules!)
I just like to set up a frame or template like yours and collecting nice pips like you "forex tamer" ;)
michael, you don't need to be ironic. I only share the EURUSD chart set-up, and, unlike you, most traders can make money with that. Unfortunantly I dind't clear the EURJPY configuration on that image for a mistake, but, now you got it.
ReplyDeleteActually there is no rule relating RSI. RSI is just a VISUAL AID.
If you can't make money with such simple trading strategy, please, try others, or make yours, witch is much better.
Farewell.