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GPS Trading System
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Author:  jasonckb [ Thu Oct 18, 2012 11:06 am ]
Post subject:  Re: GPS Trading System
jasonckb wrote:
jasonckb wrote:EURNZD with a rating of +10, waiting GM & MACD to generate buy signal. Daily average is 148 pips and today is only 59, worth to wait for chance....... :roll:
no chance at all.....and rating change

Date 18/10/2012
Currency EURNZD PAIRS!A1

Pivot Squence (D/W/M) D>W>M 3
Price vs. DP Below -1
Price vs. WP Above 1
Price vs. MP Above 1
D1 Slope (+0.4/-0.4) larger than +0.4 1
D1 Direction Increasing 1
H4 Slope (+0.4/-0.4) larger than +0.4 1
H4 Direction Decreasing -1
Total Scoring 6
Trading Bias Strong Buy
finally signal long, sl day low, target 100 pips
Author:  jasonckb [ Thu Oct 18, 2012 11:24 am ]
Post subject:  Re: GPS Trading System
jasonckb wrote:Date 17/10/2012
Currency XAUUSD PAIRS!A1

Pivot Squence (D/W/M) W>M>D 1
Price vs. DP Above 1
Price vs. WP Below -1
Price vs. MP Below -1
D1 Slope (+0.4/-0.4) 0
D1 Direction Decreasing -1
H4 Slope (+0.4/-0.4) Smaller than -0.4 -1
H4 Direction Increasing 1
Total Scoring -1
Trading Bias Ranging

short at 1745.64, sl today high 1754, target 1735.5
finally.....wait to take profit at approx 1738, sl BE+
Author:  jasonckb [ Thu Oct 18, 2012 11:34 pm ]
Post subject:  Re: GPS Trading System
jasonckb wrote:
jasonckb wrote:Date 17/10/2012
Currency GBPCHF PAIRS!A1

Pivot Squence (D/W/M) M>W>D -3
Price vs. DP Below -1
Price vs. WP Below -1
Price vs. MP Below -1
D1 Slope (+0.4/-0.4) Smaller than -0.4 -1
D1 Direction Decreasing -1
H4 Slope (+0.4/-0.4) Smaller than -0.4 -1
H4 Direction Decreasing -1
Total Scoring -10
Trading Bias Strong Sell

waiting to short.....
short GBPCHF at 1.48839 sl 55 pips, target 60 pips
Finally.... near the target.....
Author:  Fable [ Mon Oct 22, 2012 10:41 am ]
Post subject:  Re: GPS Trading System
jasonckb wrote:Hi all,

In more details, I use the combination of TMA slope and pivots to rate the chart and give it a bias and as I am not a coder, I can only do it manually thro' a simple excel template :cry:
Some kind of indi, calculating this rating system would be so conveniente !

I really like rating my trade. For now I use your way with some other variante of mine. I'll keep you update if it is conclusive.

Regards,

Fable
Author:  jasonckb [ Mon Oct 22, 2012 3:19 pm ]
Post subject:  Re: GPS Trading System
Fable wrote:
jasonckb wrote:Hi all,

In more details, I use the combination of TMA slope and pivots to rate the chart and give it a bias and as I am not a coder, I can only do it manually thro' a simple excel template :cry:
Some kind of indi, calculating this rating system would be so conveniente !

I really like rating my trade. For now I use your way with some other variante of mine. I'll keep you update if it is conclusive.

Regards,

Fable
yeah if there are indicators then life will be more easy.......In my imagination, a info board on the main window showing the rting of all metrics and the overall scoring, at the indicator window, a line plotting the current and historical rating is also goo and I can trade long when it change from -ve to +ve and vice versa; when the rating is extreme positive I hold rather than trade and waiting for retracement and trade again after the rating rebound. A dashboard plotting the metrics and rating of all currencies is fantastic, and I can sort out goo trade from bad trade......Just a dream :lol:
Author:  aig [ Mon Oct 22, 2012 3:27 pm ]
Post subject:  Re: GPS Trading System
Jason...

Do you take the rating at the beginning of the day? Or at the beginning of a particular period or TF..

Thanks
Author:  jasonckb [ Mon Oct 22, 2012 3:35 pm ]
Post subject:  Re: GPS Trading System
aig wrote:Jason...

Do you take the rating at the beginning of the day? Or at the beginning of a particular period or TF..

Thanks
when I switch on the computer and recalculate every several hours especially when price change much in short period of time and TF is not related in this rating system, that means you can use the rating to trade all TF. The rating just create a bias at that moment (a bit like trade what you see so it is TF independent)
Author:  Fable [ Mon Oct 22, 2012 4:28 pm ]
Post subject:  Re: GPS Trading System
GU score -7 on H1.

Any thought about this trade ? I'm waiting for a retracement on M5 to take it. GU didn't touch LFL-projection (ATR) so the upside movement of today looks like a retracement of the downtrend of the last few days (hope my english is alright).

Regards,

Fable
Author:  jasonckb [ Mon Oct 22, 2012 4:53 pm ]
Post subject:  Re: GPS Trading System
Fable wrote:GU score -7 on H1.

Any thought about this trade ? I'm waiting for a retracement on M5 to take it. GU didn't touch LFL-projection (ATR) so the upside movement of today looks like a retracement of the downtrend of the last few days (hope my english is alright).

Regards,

Fable
Already short at 1.6019 and SL @ 1.6045 TP @ 1.597
Author:  Fable [ Mon Oct 22, 2012 4:59 pm ]
Post subject:  Re: GPS Trading System
Nice :D I try to catch the move à 1.6017 same SL but TP @ 1.595 (just above WS1) maybe I'll take profit @ 1.5975 (H4 lower band period 20, atr 3) depending on the way the D1 slope move.

Fable

EDIT: I guess I just miss it, i'll take the train a another time
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