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- Edlich replied Oct 5, 2012
Hi I already use another strategy for intraday trading, so don't have time to monitor this on anything other than the daily t/f as prescribed by The7 when opening this thread. Cheers
The7 Trading System
- Edlich replied Oct 5, 2012
Not a pin on my broker candle times, but still a valid entry so I'm in. Shame i've only picked up on this thread in the last few days, had I been in a week ago, I could have picked up all the yen trades our thread starter has just closed for +500. ...
The7 Trading System
- Edlich replied Oct 4, 2012
Gibril I second that. When i first started on this thread I raced through the first 100 pages, to get the 'rules' then assuming I'd picked them up correctly,tried applying them myself like I'm sure many do. To be absolutely honest I had difficulty ...
Another simple system - Time-Frame 15
- Edlich replied Oct 4, 2012
2nd Bearish rejection of the 1.2950 RN in the euro, could have had 10 pips in 3 minutes, but hesitated because PA was much closer to the MA's this time. Has anyone else taken these two CT trades this morning?
Another simple system - Time-Frame 15
- Edlich replied Oct 4, 2012
X-Man - inspirational - Thank you. Enjoy your time away from the screen.
Another simple system - Time-Frame 15
- Edlich replied Oct 4, 2012
Morning guys, Quick little CT trade on GU this morning. Following LE1's words of wisdom, bearish formation bouncing of the 800EMA for a quick +10. Eu had two possible trades for me. small pinbar test of the 30EMA followed by a farily short bullish ...
Another simple system - Time-Frame 15
- Edlich replied Oct 3, 2012
Not sure if anyone else has given their view on this, if so apologies for clogging up what is a really fast thread. My first observation is that at the point you entered this trade, all your MA's are heading sideways, no real direction. But the main ...
Another simple system - Time-Frame 15
- Edlich replied Oct 3, 2012
Do you mean the potential CT trade, short from 101.05 where it closed below the 5m 30MA? For me it's too close to both a RN (had a loser in very similar circumstances earlier today) and the 200MA, only 10 pips away. If there's a bullish rejection of ...
Another simple system - Time-Frame 15
- Edlich replied Oct 3, 2012
In my view, it's a weak bullish candle (small body, longish wicks at either end) following a strong bearish one ( candle longer than previous bearish candles and has no bottom wick). Therefore I wouldn't consider that a firm rejection of the MA, ...
Another simple system - Time-Frame 15
- Edlich replied Oct 3, 2012
Thanks for posting the indicator, very kind. The7 started this thread as a daily strategy, however I see your chart for Gold is 15min. I posted earlier that on a daily tf, setting a 100 pip initial s/l then trailing it by 50 once +100 had been ...
The7 Trading System
- Edlich replied Oct 3, 2012
Thanks LE1, I had checked the higher tf's at the start of the session, to see them bearish, but need to be more disciplined about re-checking before pulling the trigger on every trade. Had I done so I would have seen the obvious 1H pin........ Many ...
Another simple system - Time-Frame 15
- Edlich replied Oct 3, 2012
What's wrong with this set up? — I am having a little difficulty with this at present. A recent post by one of the drivers of this thread suggested that the 10MA (30MA in 5m tf) was important. Therefore logically when PA works near both 200MA ...
Another simple system - Time-Frame 15
- Edlich replied Oct 3, 2012
My take on this is that following the basic principles for entry as set out by The7 should be followed, meaning none of your chart examples are valid entries. Whilst I haven't done any real backtesting I think it works as an entry mechanism, but ...
The7 Trading System
- Edlich replied Oct 3, 2012
G/U short. Higher tf's D1 H4 and H1 all below 10MA and trending down. Rejection of both 5m and 15m 10MA's in same trigger candle. Seems a straightfoward set up to me, anyone disagree?
Another simple system - Time-Frame 15
- Edlich replied Oct 2, 2012
I'm having another go at my GU short. Looks OK to me on the 15 tf, rejection of a RN and the 200MA, closing below the 10MA. Any critique?
Another simple system - Time-Frame 15
- Edlich replied Oct 2, 2012
My trades for today so far: EU +15 EJ +15 GJ +15 GU -10 +35 for the morning is quite acceptable to me, in just getting to grips with this strategy. Consistency is as everyone knows the key. I did 28 on Friday 25 yesterday, and so far 35 today. ...
Another simple system - Time-Frame 15
- Edlich replied Oct 1, 2012
The guys more experienced with this approach seemed to have had a good day using 5m t/f. LE1 must be +120 for the day - Very impressive ! I only took 2 trades today, 15m t/f both with trend on G/U, +15 & +10, when it twice reversed away from the ...
Another simple system - Time-Frame 15
- Edlich replied Sep 29, 2012
I realise I have not been contributing to this thread for very long, but does anyone else agree with me in thinking it's gone a bit off track? The thread was started by Loveevery1 and in the main is a great technical resource and an inspiration, but ...
Another simple system - Time-Frame 15
- Edlich replied Sep 28, 2012
If I had been watching this, i could see why you'd be tempted, with the long term EMA's suggesting a trend change, however the TDI wasn't right for me to take it. The cross of green over red (Remember basic rule is green over yellow) occurred too ...
Another simple system - Time-Frame 15
- Edlich replied Sep 28, 2012
Closed manually at +14. PA was stalling at previous support. Still reckon it's on it's way down to the 4HR 200MA, with little to stop it on the way, but I'm following LE1's wise guidance of taking little steps rather than always looking for the home ...
Another simple system - Time-Frame 15