Can ANYONE help PLEASE ?

[philhackett]

If you get really stuck, email me direct. The professionals use Keltner. Amateurs don't and they also use too many indicators. You will, in time, find that about three is enough.

Phil

[firedave]

Originally posted by philhackett
If you get really stuck, email me direct. The professionals use Keltner. Amateurs don't and they also use too many indicators. You will, in time, find that about three is enough.

Phil

Phil, I've been playing with this set-up when I saw your post. Hope you mind to share what is your parameter for KC and BB, also on what time frame ? Thank you in advance.

[TrendlineBreak]

As one of the thousands of "amateurs" who trade from home, I like most people have been through the wringer like you, the advice given by phil is sound, the more studying you do the better.

From my experience I have generally found keeping things simple to work for me.

I have one system I use that has "steadied the ship" as far as profit and loss is concerned, it may help you, at least it will give you something to play with while waiting for your books etc.

I use a 60 min chart GBPUSD

50 EMA to show general direction we are heading.

My one and only signal generator is a CCI 14 going through zero between 5am - 12 midday GMT

When this happens I put a trade on, if you are the wrong side of the 50 EMA obviously it needs watching more carefully.

I also look at the double CCI (i.e CCI 28), if this crosses zero on the same candle it tends to show the start of the bigger moves.

Anyway, I have attached an example of the past week or so, as you can see not all signals work, the ones out side of my timeframe are fairly consistent as well.

If you pull up some charts and scroll through the past few months you can see that you get all the big moves and not too many false ones.

Obviously you need to define your money and trade management depending on if you are happy leaving trades on overnight, or prefer to have everything settled the same day.

Try some charts and see what you think, even if you can pull 20 pips from each signal its a start in the right direction.

[TrendlineBreak]

Also forgot to mention, if the same signals are being given on the EURUSD, and the USDCHF, it adds weight.

Personally I only trade the GBPUSD but monitor the others and try to trade dollar moves, not individual currency moves.

[philhackett]

I have KC on 15 which is the default setting and also Bollinger on default. Kagi si a great help if used with Dema and KC. It gives good safe entry points such as today which was worth 160 pips.

Phil

[firedave]

Originally posted by TrendlineBreak
Also forgot to mention, if the same signals are being given on the EURUSD, and the USDCHF, it adds weight.

Personally I only trade the GBPUSD but monitor the others and try to trade dollar moves, not individual currency moves.

Hi TrendlineBreak, I use XTick too and found interesting on your snapshot. Is that a custom indicator above CCI(14) windows ? How do you make it ? Thank you in advance

[firedave]

Originally posted by philhackett
I have KC on 15 which is the default setting and also Bollinger on default. Kagi si a great help if used with Dema and KC. It gives good safe entry points such as today which was worth 160 pips.

Phil

Hi Phil, thanks for the info. But I'm using XTick, its default sometime quite different with other chart tools. Can you specify the parameter for KC ? For BB I think the default is 20 - 2. Thank you again in advance

[Jusco]

I have emailed wnewman and am awaiting his reply thanks.

Can you post your email add please?

Thanks, Jusco