TEAMTRADER

Thanks, I'll have a look at it. TEAMTRADER

Hi, The indicators I have are MT4 based so FX is the prime market. The indicators for futures would need to be programmed into whatever platform was in use but I could not help there except to offer the basis of the MT4 set up. Regards TEAMTRADER

FX SIGNALS SERVICE Does anyone PERSONALLY know of a ‘tradable’ day trader’s signals service that is ‘reasonably successful’? By ‘reasonably successful’ I mean at least 70% of the trade signals create a profit. By ‘tradable’ I mean that the signals are restricted to up to three or four FX instrument charts and are in the recognised European or US trading times. It can be signals via a live trading room or via premium software. My objective is that I’d like to trial with them my ‘filtration system’ set of indicators. The target would be to improve their signal entry successes to 95% or better. Thanks for any replies. Regards, TEAMTRADER “Trade what you see and not what you hear or Hope.”

SIGNALS SERVICE Does anyone PERSONALLY know of a ‘tradable’ day trader’s signals service that is ‘reasonably successful’? By ‘reasonably successful’ I mean at least 70% of the trade signals create a profit. By ‘tradable’ I mean that the signals are restricted to up to three or four FX instrument charts and are in the recognised European or US trading times. It can be signals via a live trading room or via premium software. My objective is that I’d like to trial with them my ‘filtration system’ set of indicators. The target would be to improve their signal entry successes to 95% or better. Thanks for any replies. Regards, TEAMTRADER “Trade what you see and not what you hear or Hope.”

Following a rigid low risk strategy will help increase profitability. Understanding your own system is a MUST. Having an identifiable exit plan is a MUST. Taking necessary losses is a MUST. The only indicators I have found that help avoid unnecessary losses effectively are timeframe specific momentum indicators. It is impossible to avoid all losses but for a day trader it should be possible to make a profit every day if they are dedicated and put in the high concentration of trading time necessary. My trading system follows rigid rules using diagonal trap lines linked with specialist MT4 momentum indicators with the detection of major convergence points being of strategic importance on both swing and reversal trades. In summary what will make everyone profitable will be to: - 1. Learn your trading system thoroughly. If it works, then don't fix it. BUT, if you are always amending your system, then it then ask for help via a post before you start losing serious money. 2. Have a rigid exit strategy for both profits and losses. 3. Take the losses, as these are your taxes. 4. Learn about avoiding unnecessary losses. TEAMTRADER “Trade what you see and not what you hear or hope.”

Thanks BF. I will wait to see if there is further interest. TEAMTRADER 'Trade what you see and not what you hear or hope'

Hi BF, I can see your point! I'm old enough to be retired, old enough to have spent many years both trading and researching, young enough to know that what I have is pure gold in the hands of the right people. Personally I prefer to spend time with grandchildren and many other persuits but I have made the offer honestly. I would hope that traders do not find the momentun system too complex but as it has taken me years to get to this stage I will understand if a month is too short for some. I will wait and see the interest first. Regards TEAMTRADER 'Trade what you see and not what you hear or hope'

Not sure you fully understood what I have written, but if you need something further explained then I will be pleased to help. The Holy Grail is a mind-set. Regards TEAMTRADER 'Trade what you see and not what you hear or hope.'

I've retired from trading now but I can certainly help anyone serious if they wish to become successful full or even part time traders. I operated a momentum based trading system using an MT4 platform. These are my rules 1. Seek out divergence first. 2. Look for momentum based support or resistance for a stop if the trade goes wrong. 3. Recognise the direction in the higher timeframe until a high probability top or bottom is detected. Then wait on the sidelines to see if if holds or not. In the attachment (EURUSD 1m chart) the red and blue horizontals are resistance and support respectively whilst the background on the centre indicator is dark. It is the indicator background that shows direction, not the chart background. 4. Use open prices of candles for diagonal trap lines.This can give you an early warning of a trade or and exit. Because there is a probable bottom previously, based on momentum, it is only safe to wait and see if the bottom is broken via a diagonal. Everything should agree before a safe trade is considered. The backgrounds of the bottom two indicators, the direction of the all indicators and of course the trap diagonals when they are cut by the price. Hope this helps. Regards TEAMTRADER 'Trade what you see and not what you hear or hope.'

I hope you are the first of many to show an interest. The more traders interested gives more eyes to stay safe. I will teach using MT4 platform. TEAMTRADER 'Trade what you see and not what you hear or hope'

Teaching could be accommodated and, if there is interest, then I would be pleased to go down this line. As long as there is understanding of a system, then there will be success, but only in that order. Thanks for the info DBP - if there is the interest then I would definitely go down this avenue. Let's wait and see if there is any interest. TEAMTRADER 'Trade what you see and not what you hear or hope'

I have retired from trading now but I traded momentum based systems. I looked for divergence first, then a support or resistance (used as a stop if the trade was wrong) and a trap line (diagonal using open prices). The attachment is what I would have traded today with the vertical dotted line being the very safe entry and the down arrow being the exit. Whilst this is technically a scalp, it is a very high probabilty scalp with a higher profitable result than a normal scalp, +27 in this case. The first up arrow was the lowest risk buy trade and this would have produced +28 but the vertical dotted line was the safest. The indicator backgrounds are light meaning the higher timeframe has an upwards direction. I am a great believer in knowing where the chart is headed in the higher timeframe and trading only those high probability trades. Hope this helps. TEAMTRADER 'Trade what you see and not what you hear or hope'

One of the observations I have made over the years is that in order to take advantage of the main moves throughout the day, you need eyes in the back of your head. Distractions are common place and missed trades are even more common. The only solution I have come up with is to get like minded traders together so that there are several sets of eyes on one chart in a chat room type situation. Having spoken to many of my trader friends we all agree that unless we are all trading an identicle or at the very least a very similar type of trading (eg - scalping), then we would again be going around in circles. Any one who has an interest please contact me by PM. Thanks TEAMTRADER 'Trade what you see and not what you hear or hope'

Thanks Tams. I'll do that tomorrow. Sevensa - yes, to the accepted traders. TEAMTRADER “Trade what you see and not what you hear or hope.”

Was there another place to post the request? I thought that this area would be the most read. No ulterior motive, if they want to keep the indicators then that in itself will be a success. TEAMTRADER “Trade what you see and not what you hear or hope.”

Are there any traders who wish to be part of a 30 day test of MT4 New Generation Indicators? Preference given to full time traders currently trading with MT4 platform or having a reasonable knowledge of the MT4 platform. Alll Private Messages will receive a reply. To the future TEAMTRADER “Trade what you see and not what you hear or hope.”

I agree completely Urma, it is a major confirmer of a fulcrum. Everything is easy when you know how. TEAMTRADER "Trade what you see and not what you hear or hope."

This was an interesting thread insomuchas the major orders of the traders in the wings is brought to light. I know of a couple of pro traders who use this information and neither of them get it from the same source. My point is if the info is different then strategy of trading will be different. If I knew the full picture of major orders then my indicators would give me a 100% hit rate every time! I hope everyone does well from this thread as it is a good one. Well done for posting. TEAMTRADER "Trade what you see and not what you hear or hope."

Well, the main reason fro trading is to make money so as long as you both are making money from your differing systems then stick with what you know. This is how my chart called this and it agreed with the support show on DB's chart. Having said that the attachment part is not operating on the site. Imagine the line!! TEAMTRADER "Trade what you see and not what you hear or hope"

I attach a screengrab of my 5m cash S&P with the new generation indicators and whilst it is not the 'future' chart you showed, it is very similar. I thought all the indicators below your chart were a bit complex for a 5m chart, too much analysis required. There is not one indicator that will do what you need, but if you concetrate on divergence (always the first signal for a move), then supports or resistances (to act as stop should the trade go against you) and then you will get a better feel for whether it is a reversal or a retracement. You can only detect this after the peak or trough but it does not matter as you will have detected the change in the trend and you always follow the direction of the trend. Stay safe in your trading. TEAMTRADER "Trade what you see and not what you hear or hope"

The truth is the correct answer is something between 1 and 2. If you have a predictive system then you may be nearer to 1 than 2. The pity is that a group of serious traders do not get together to form an investment group as a business. Everyone is cocooned in their own trading environment with their own system. TEAMTRADER