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- peterdxb replied Aug 10, 2006
Regarding chats, i would suggest using Paltalk, its free and most of the trading chatrooms are on paltalk. We can create a new room there for "Sidus/bogo system"
New profitable System - Sidus
- peterdxb replied Aug 10, 2006
10AUG- GBP/USD Short: Evening Star + 5/12crossdown at top of 1hr channel. Entry 9049, and price has dropped more then 40pips. Risk is big on this trade.
Pete's Journal
- peterdxb replied Aug 10, 2006
10AUG- EUR/JPY Short: firstly we have tweezer tops at top of 1hr and 4hr channel, but wasnt too sure of that pattern, then we have bearish engulf and 5/12crossdown together. and since then price has dropped about 30pips from the entry. I did explain ...
Pete's Journal
- peterdxb replied Aug 10, 2006
10AUG- USD/CHF Short: on 8th price had bounced from topline of 4hr and today we have evening start at first three candles of morning session,but not too sure of that evening star. then we have a 5/12 crossdown, and then we have clear bearish ...
Pete's Journal
- peterdxb replied Aug 10, 2006
Aha, yes the channel will change direction if the trendline break, and may or may not be visible on screen untill price has made highs and lows which could form a channel.
Pete's Journal
- peterdxb replied Aug 10, 2006
I am also testing suggestion made by jsabdul in this journal, where sometimes we dont see a reversal pattern on 30min chart, but we have a cross of emas and it goes for a long ride, in this case, jsabdul suggested that we look for reversal patterns ...
Pete's Journal
- peterdxb replied Aug 10, 2006
09AUG- AUD/USD Long: we had two long signals on this pair
Pete's Journal
- peterdxb replied Aug 10, 2006
Aha, can you turn the grid lines off your chart please? Also, u didnt answere my question of what pin bar is.
Pete's Journal
- peterdxb replied Aug 10, 2006
Hello Aha, sorry what is a pinbar ? is it inverted hammer candle ?
Pete's Journal
- peterdxb replied Aug 9, 2006
early entry with LWMA would also mean more whipsaws ??

New profitable System - Sidus
- peterdxb replied Aug 9, 2006
CT, do you use 30min chart or 1hour chart ?
New profitable System - Sidus
- peterdxb replied Aug 9, 2006
30min charts. But also good to check daily chart to check for the reversal pattern candles, so we could also know whats the long term trend of the currency just by lookin at candle patterns.
Pete's Journal
- peterdxb replied Aug 9, 2006
yes, order is not important. Best to buy at bottom of channel, and sell at top of channel.
Pete's Journal
- peterdxb replied Aug 9, 2006
Hi geoff, ur rite i look for price behavior when i am in the trade. if i buy at bottom of channel, i'll target mid line first, and then the top line, if top line broken then will wait to see it goin to the outer channel. price will stall at ...
Pete's Journal
- peterdxb replied Aug 9, 2006
Hi, i am geofford, glad that you like my simple trading method. regarding the candle formations, ya i like those three formations as they have great potential for reversal of trends. If you are also trading this, your are welcome to post your charts ...
Pete's Journal
- peterdxb replied Aug 9, 2006
09AUG- EUR/USD Long: Two bullish engulfing reversal patterns + 5/12 crossup at bottom of 4hr channel which is in Uptrend.
Pete's Journal
- peterdxb replied Aug 9, 2006
09AUG- GBP/USD Long: Bullish engulfing reversal pattern follwed by 5/12 crossup at mid of 4hr channel which is in uptrend.
Pete's Journal
- peterdxb replied Aug 9, 2006
09AUG- USD/CHF Short: Bearish engulfing + 5/12crossdown at top of 4hr channel which is in down trend.
Pete's Journal
- peterdxb replied Aug 9, 2006
09AUG- USD/CAD Short: Bearish Engulf reversal pattern followed by 5/12crossdown at top of 1hr channel and mid of 4hr down channel.
Pete's Journal
- peterdxb replied Aug 8, 2006
Bogovino, here is the modified EMACross indicator, it now checks for RSI <>50. test it and let me know.
New profitable System - Sidus