₦airaland Forum

unclenna: @endfx1, how can I register my CSM............is telling me "connection problem"

I think its from your internet connection.

unclenna: One advantage of CSM is that it will help you to know the currency that is weak and the one that is strong......with this knowledge you can decide to pick a pair that will give you maximum pips............For instance if I had entered EJ and EU the time I entered GU I would have made 0ver 180pips from the two pairs unlike the GU that is giving me only 54pips as @ the time of this post.

You're very correct sir...i was too busy that i forgot that EU and EJ are 95% correlated.

Waoo...!!! EU +20 GU +20 UCDCHF +20....still counting

I missed `EJ ooooo..

AU and NZ sell.....on your mark!!

Lets pray EU breaks 1.2162... we will all be smiling with +100pips...

unclenna: I miss EU shower but GU is paying me oh.50pips and still counting

@unclenna...enjoy ur ride on GU as pland

skate: thanks O God bless

Thanks be to God...we are just vessels in his hands

rozayx5: i like the way the thread is going it shows some people are doing research, i like endfx work for his research on the mbfx, though am yet to test run it, but i think your mbfx modifications might work. anyway keep up the good work, to be a good trader you have to read and browse a lot when your not trading so as to find out new things, when you make a discovery you table it here in this thread and we will go to work on it together

aanyway dont miss the action today kick off time 1.30 pm

Thanks bro God is helping us...

USDCHF,..GU...doing well too..

adjust ur trades

please adjust your EU to breakeven +2 and enjoy the ride...

i'm up +17pips on EU

NZ....about to join the selling... don't forget to apply sound mon6ey management oooooo.datz the key to success in this biz

EU TP....1.2109

GU TP....1.5454

Sell GU at the close of the current 1hr candle....

NOTE: SL is 10pips above or below the recent swing low and high

USDCHF..follows for a buy

EU gud to go for SELL

Please don't be in a hurry to trigger the USDCHF, GU trades because of the purrple color 2 of the 1,2,3 indicator or opportunity snatcher showing up in the current candles.

Already as you can see GU is fighting to breach the 21ema

USDCHF...Buy in the making also trying to close above the 21ema on 1hr TF

Based on the modified mbfx.... GU getting set to break and close below the 21ema on the 1hr TF for a SELL

Are we ready?

unclenna: @endfx, 0.8lot = 1pip = $8. The lot size is too much for $1000 account. That means 16pip lo$$ is 16 x 8$ = $128. This is over 10% of ur equity. The best lot size for $1k acct. in a std acc is 0.1. And max. Risk should be 50pips which is 5% of ur total equity.

Yes i know but it all depends on the broker and account type you are using.... e.g.... with instaforex 0.8lot =1pip =$8cents while with some brokers its $8

BLESSED IS HE THAT LEARNS HOW TO FISH THAN KEEP BEGGING FOR A FISH....

Another secret to trading the MBFX to minimize loss and maximize profit on the 4hr TF following the update I posted here last week. As a result of the repainting green/red lines or the big3 (opportunity snatcher) I have come up with this second update. The only thing that renders the powerful timing indicator ineffective is the green/red lines or the big3.

As much as we are not praying for a lose in trading we know very well loosing is part of this business whether you accept it or not the difference is if you are loosing responsibly. With sound money management and good strategy we can loose but at the end of the day we will still come out profitable.

That is the aim of this post for the use of the mbfx system on the 4hrs TF.

I have found the timing indicator to be very reliable on the 4hrs TF according to the original owner of the system. I am about to show you rules that if followed can reduce your lose drastically. Also I have noted that if the big3 appears in a strong Support or Resistance and will want to repaint it usually repaints by less than 10 pips before going back to the desired direction and if you had used 2-3 pips above or below the swing high and swing low respectively it would’ve taken out your SL before coming back to your direction.

Note: I said most times, but if you carefully follow the rules below you will get out of the trade with maximum of 15-20 pips even before it gets to your stops.

e.g.… If you have $1000 as your equity and you are a trader that risk 5% per trade. With maximum SL of 60 pips using my update which I have noticed the SL most times is between 50pips. If you add 10pips away from the swing high or low that makes it 60 or 70 maximum. Now if we are taking 60pips as maximum SL with 5% risk, what will it look like?

Let’s do some calculation… 10 x 5% / 60pips sl= 0.8 lot size 0.8 x 60pips= $48 loss….. But with 20pips loss you will have > 0.8 x 20= $16 lose. So, won’t you be satisfied to loss $16 instead of $48? …. $16 of $1000 is just 1.5% loss of your equity.

Therefore, even if you have 4 open trades and loss all you’ve only lost 6% of your equity…. $1.5 loss x 4 trades=6%..... I hope you catch? Come to think of it, you can’t loose 4 trades at a go because all the trades won’t setup at the same time.

Now if you trade like this using my above modifications on the mbfx system you can be sure of 50% ROI per month…… let’s do some calculation of what $1000 will amount to in 1year with 50% ROI monthly.

Using 0.8 lot size on $1000 and targeting 200pips/pair in a month and trading 4 pairs, e.g. EU,EJ,CAD,AU,NZ these are my favorites because of their correlating behavior…. You might want to ask is 200pips/pair possible in a month?
Yes its very possible if you strictly follow my first update.

So, 0.8 x 200 x 4=$640….. $640 of $1000 is over 60% ROI…….. This is even more than 50%, if it continues this way your $1000 will be over $80,000 in 1yr.What if you can achieve even half of that amounting to over $40,000?

Is someone getting the picture now?

Now how do we reduce our loss to the barest minimum? This is done following the timing indicator on the 4hrs TF and the 21ema on the 1hr TF.

If the timing indicator gives a SELL signal and you switch to the 1hr TF and wait for a bearish candle to break and close below the 21ema before selling with reference to my 1st update.

If after you trigger a sell and it takes time to profit and perhaps begins to range, observe the timing indicator on the 4hrs TF if it gives a conflicting Buy signal……. What would this mean? It means the Red line or big3 (opportunity snatcher) is likely to repaint to breach the recent swing high or low thereby rendering the SELL signal invalid and hitting your SL.

So what do you do in this regard? Once the timing indicator gives a conflicting Buy signal on the 4hrs TF quickly switch back to the 1hr TF and wait to see if price will break and close above the 21ema again, if it does please close the sell trade accept the small loss of 15-20pips and wait for the next signal on the 4hrs TF..
This would’ve taken you out of a bad trade even before price gets to your SL and you won’t loose more than 20pips instead losing about 60pips.

I have studied the mbfx system and observed that when the green/red lines repaints (shifts) that’s the meaning of REPAINTING for the sake of the newbie’s. When it repaints the color will change to black if you look closely you will notice that.

Now lets use the 4hr and one 1hr pix below as an example. Taking a clue from the 4hr USDCHF chart of last week precisely on the Monday 9/07/12 at 04:00hrs..The timing indicator gave a Sell signal on that candle, if you will agree with me the Red line was there before it repainted and changed to black and even the big3 (opportunity snatcher) was also standing on that candle before it also shifted more than twice to its current position. You can confirm that from the SELL signals you see there.

However, without been told as a trader you would’ve seen that this pair was operating at the overbought region so you would’ve been expecting a Sell instead of a Buy signal….

So looking at the red mark points on the 1hr chart below you will notice 2 sell entry and 2 exit points with small losses… from the sell signal we had on the 4hrs TF we triggered a sell in the 1hr TF @ 0.9756 by 19:00hrs.

They came a conflicting buy signal the following day 10/07/12 @ 04:00hrs that rendered the sell trade invalid and so was exited at @ 0.977 by 05:00hrs in the 1hr TF with just -14pips loss instead of about 53pips stop loss if you add 10pips to the swing high with regards to the entry…

Another sell signal on the 4hrs TF was on Wednesday 11/07/12 at 08:00hrs...This trade was triggered @ 0.9788 by 11:00hrs also in the 1hr TF with the break of the 21ema

There was another conflicting buy signal the same day at 16:00hrs that rendered the sell trade invalid @ 0.9802 one hour later and was exited with -14pips loss also instead of about 37pips stop loss.

If you recall the trades were considered invalid because of the bull candles that breaks and closed above the 21ema again on the 1hr TF after a conflicting buy signal on the 4hr TF….. Hope it’s clear enough?

Personal, i think with the above observation the only indicator I will make use of in the mbfx is the timing indicator.

Besides this repainting problem does not occur all the time…..now even if it’s about to repaint you would’ve been out.

MASSIVE DEFENCE (money management) + 21ema + timing indicator + SnR levels + big3 indicator…..AM DONE!

I have taken time to study these hence if you take your time to go through these modifications you won’t go wrong.

Please lets together show this brokers we’ve come of age and the time for margin calls on our account is over…….lets give them a run for their money…..make we tell them say ‘’Naija no dey carry last’’.

May we keep harvesting the pips. ONE LUV!

Happy new week to all the brothers in the house i hope we all had a blissfull weekend?

Yes i'm set to reveal yet another modification on the MBFX as promised last week.

However,please for those of us planning to buy USDCAD please be careful unless you want to do the hit and run thing cos i think the pair is still on the bearish side for now.... Just my opinion though.

Welcome....

infofirst: Don't be afraid if ur trading return is slow like making 20 pips a day or less @1 pip = 1 cent or 10 cent or even 1 dollar. Be afraid of making 100 pips a day why u loose 200pips same day @1 pip=10 dollars. Bottom line, don't be afraid if ur life is going slowly n be afraid only if ur life is stand still.

Hmmmmm.....

unclenna: @ENDFX, NAIRALAND DOES NOT HAVE A THUMPS UP sign I would have given it to you.......I recommend that your update.........@all, look at that update well

If only they will hear you sir....

endfx1: Based on the MBFX SYSTEM and for those of us that are swing and technical traders i have observed that the green and red lines of the MBFX repaints and one could suffer series of loses to this repainting even on the 4hrs chart.In order to take care of this and help fellow traders in this thread i have come up with a better way of trading the MBFX SYSTEM on the 4hrs TF.though i already have their opportunity snatcher as 3_level_ZZ_semafor

The setup is as follows:

CHART... 4hrs TF

BUY

1.Input 21EMA color magenta

2.Wait for a candle to close at the green line with the big3 on it (bullish pin bar preferred)

3.Wait for the timing indicator to change to yellow

4.Switch to 1hr chart and wait for a bullish candle to close above the 21EMA and enter a BUY at market order.

SL should be 1pip beolw the big3 candle which is the recent swing low

Th reverse of the above instruction is for SELL

I hope this helps. May the pips continue to be with us.







Did you go through this short but powerful modification on the mbfx system i posted last week??

If you did not i think you should take out time to go through it because if you had done that you would have made over +400pips with it just last week from Monday

Check out what GU alone did on Friday following the above simple update +100 pips.

FRIDAY ALONE:.....

AU +70pips

NZ +70pips

CA +70pips..... although was triggered on Thursday etc.

Can it be more simpler? KISS...!


Watch out for another EXPLOSIVE SECRET....that will blow your mind some more tomorrow.

+1000.....

Based on the MBFX SYSTEM and for those of us that are swing and technical traders i have observed that the green and red lines of the MBFX repaints and one could suffer series of loses to this repainting even on the 4hrs chart.In order to take care of this and help fellow traders in this thread i have come up with a better way of trading the MBFX SYSTEM on the 4hrs TF.though i already have their opportunity snatcher as 3_level_ZZ_semafor

The setup is as follows:

CHART... 4hrs TF

BUY

1.Input 21EMA color magenta

2.Wait for a candle to close at the green line with the big3 on it (bullish pin bar preferred)

3.Wait for the timing indicator to change to yellow

4.Switch to 1hr chart and wait for a bullish candle to close above the 21EMA and enter a BUY at market order.

SL should be 1pip beolw the big3 candle which is the recent swing low

Th reverse of the above instruction is for SELL

I hope this helps. May the pips continue to be with us.







Did you go through this short but powerful modification on the mbfx system i posted last week??

If you did not i think you should take out time to go through it because if you had done that you would have made over +400pips with it just last week from Monday

Check out what GU alone did on Friday following the above simple update +100 pips.

FRIDAY ALONE:.....

AU +70pips

NZ +70pips

CA +70pips..... although was triggered on Thursday etc.

Can it be more simpler? KISS...!


Watch out for another EXPLOSIVE SECRET....that will blow your mind some more tomorrow.

unclenna:
I have the 1,2,3 indicator and from my study I have discovery something great about the mbfx indicator:

.....Oga mi please share your discovery ooooo. I can't wait

xrayfab: please your SKYPE ID is not avaliable....I have tried to add you on YM

Send your SKYPE ID to my email address let me add you

unclenna: How far about what we discussed in the morning?

Sent.....

rozayx5: your welcome this is the good initiative of Naijababe, to help upcoming and intermediate traders to balance in the game, we need more of these kind of threads that are solving peoples financial problems and not gossiping about a useless government, as for me i dont give a damn about this useless government, one day this country will split up and all the forex traders will become rulers ----------- joke of the year

......

unclenna: How far about what we discussed in the morning?

@unclenna.....i will send it just give me time to explain it well for you to understand...tanx

rozayx5: please be careful, mbfx repects news , i am telling you from experience, and for newbies to master forex you cant use mbfx alone, you need to know how to read news, mbfx works very well in normal conditions , but like this coming monday the lines will be broken again so be careful, trade the news then trade the retrace ment using mbfx.

am floating my live 1200$ account here on monday and before season 10 or december we should be seeing 7000$ - 10,000.$ there so if you can be fast and follow me you will have a nice christmas, and want everybody on this thread to sack their bosses by january, newbie and oldbie

pip pip hurray

.......yes sir i hear you ooooo However,on Monday i will be releasing something that will add to checkmating the breaking of the lines and reduce loss.the mbfx is just similar to my trading style before now i have had the (opportunity snatcher) as 3_level_ZZ_semafor so by the grace of God i have fair knowledge of how it works and how to reduce loss with it.besides the green/red lines are not even different from the opportunity snatcher becaus they both repaint....therefore, i have personally decided not to even use the green/red lines again.....the timing indicator is the BOMB...

Until monday anyways.....

@unclenna....i dey feel you

rozayx5: there are thousands of opportunities on monday and i am not sleeping tomoorow
there are 4 opportunties on mbfx
there are 2 big news on monday especially the US core retail sales rememeber if the actual > forecast better find your self in a buying position on the USDollar , or you will have your self to blame
as for me my moday target alone is 100 pips
bye till then

We are waiting sir.....

xrayfab: @endfx1 i will like to chat with you, do you have a YM or Skype? Thanks

YM....endyoilpicks

SKYPE....endyprosper