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- scjohn replied Jun 3, 2015
By far number one (nothing else has remotely as much effect on my results) is time of day. For example, for the last few months I've primarily used two setups -- one a trending one the other support / resistance reversal. I day-trade a fast chart ...
- scjohn replied Mar 22, 2012
Now, the basic problem for those of you who do not want to use proprietary information or indicators is that one of my main setups (Barry Burns) is totally dependent on his stuff and my thrust trade filters are heavily dependent also. Although some ...
- scjohn replied Mar 22, 2012
Okay let's talk about filters. First we'll start with unfiltered Nexas trades on the 4 pip range chart with an 8 pip range chart guide. Entries and exits are as Nexas explained in his original post and in the clarifications he recently posted for ...
- scjohn replied Mar 21, 2012
Trust me, I'm getting to the filters but I think it's important to understand why something works, not just blindly follow a setup. The "why" is what helps you stick with the setup even when it goes through its inevitable rough patches. If you look ...
- scjohn replied Mar 21, 2012
I promise I'll eventually get to the filters but I think it's important to make some concepts and metric terminology clear. What the data show are historical results only. Although we have a statistically significant number of triggers, there is no ...
- scjohn replied Mar 21, 2012
Yes, I will do that but it will take a few posts. First, I'd like to talk about expectations and tell you why I'm doing this. Looks like I'm about to exit a short trade on EURUSD I took at 10:41 EST on a thrust signal. Oops, took another turn down. ...
- scjohn replied Mar 21, 2012
The journal covers 13 days of trading from September 9 (when I moved my thrust trades over to the 4 and 8 pip range charts from the 7 pip range chart using the 10 minute chart as the guide. My thrust setup produces many more pips on the 4 and 8 vs. ...
- scjohn replied Mar 20, 2012
Huge improvement continued — Here are the results obtained by application of a few simple filters. image As you can see, the difference is rather dramatic. About half the triggers get filtered out and the results are rather nice. If you've ...
- scjohn replied Mar 20, 2012
Huge improvement to results with filters — Well, things have certainly tailed off at the thread. I was a bit surprised as I've been happily trading my filtered version of the setup and making quite a few pips. Why would people making money ...
- scjohn replied Mar 13, 2012
Graphic evidence why it's better to just read the charts and not try to predict the future (see my earlier post). Oh well. image
- scjohn replied Mar 13, 2012
Actually Chiba_san, there were several ways to take bites of this apple. I went short on a thrust trade at 8:01 EST (white arrow) and stopped out with a nice profit at 8:38. Just yesterday I mentioned that it's my big money winner and have discussed ...
- scjohn replied Mar 12, 2012
Question for Nexus — Hi, Glad I stumbled across your thread a few weeks back. Been trading your setup (albeit somewhat filtered as I've indicated in prior posts) with considerable success on the 4 and 8 pip range charts. An even bigger impact ...
- scjohn replied Mar 2, 2012
Not sure I follow the logic here. At point 3 you used the last two highs to determine market direction. At point 1, you ignored many other highs and lows. In fact, at point 1, the market had just made a lower high and a lower low. Given your logic ...
- scjohn replied Feb 29, 2012
Here's the same chart with the Momentum indicator. Note the lower high and lower low and the fact that momentum is below the zero line (being below the zero line is not terrible but being below with a lower high and lower low preceding is not so ...
- scjohn replied Feb 27, 2012
Yes Darryl, that's exactly what I was referring to. However you don't even have to wait for the turn down on the higher high to know that momentum was not on your side. If you look at the picture, as soon as price reaches the price pointed to in ...
- scjohn replied Feb 27, 2012
Diamondbbdw and Krisdetrader — Hi Diamondbbdw and Krisdetrader, I know you're using the momentum indicator so I thought I'd use this morning's trades as an illustration to make sure we're on the same page. Decided to trade the early session ...
- scjohn replied Feb 23, 2012
The four signals are marked with blue dots with the first one at 4:37. Note that it was essentially stopped out at about scratch by a FTC in the other direction at 4:50. The second one did rather nicely. image The ones at 8:31 and 10:24 also did ...
- scjohn replied Feb 23, 2012
Hi Kris, Yes the Momentum indicator was signalling to stay out. I've struggled with how to approach the way I trade with the group. I actually use some proprietary stuff (not mine, purchased), but I know Forex Factory rules say no pushing ...
- scjohn replied Jan 29, 2012
The rest of the morning saw one more big trade (again in defiance of the EMAs on both charts, and the day's loser. image At 9:38 there was a trend line break up but it was the first one after a parabolic move up on the 8 pip chart (see previous ...
- scjohn replied Jan 29, 2012
Let's look at that last time period again, but this time on the 8 pip guide chart. image Note that we first get a weak up signal on Momentum when it breaks the previous high and, as it moves to a strong up signal at 9:17 (by adding a higher low), ...