Oh kay, first and foremost I'd like to thank the FF community for being so very helpful and in being so, an anomaly amongst its peers. A diamond in the very very rough so to speak.
Even though I am a virtual unknown on the forums, I have spent more time than I am afraid to admit reading, researching, and testing the theories on this forum. I prefer to take the passive role in my initial learning phase (in anything, im sorta shy) then go all-out active and become part of the learning process through brainstorming and experimentation. Basically I am an Anon, just like anyone else on these forums you don't ACTUALLY know in the flesh. Who I am is not important, I could be a 20 year seasoned equities trader, I could be a newbie, I could be a retired hedge fund manager, it matters not. What matters is, progress, and results. Good results.
I would also like to thank the trading made simple (TMS) thread http://www.forexfactory.com/showthread.php?t=291622
and the X-Man 3S thread http://www.forexfactory.com/showthread.php?t=327972
both for being the logical basis for this system in development. This is more an update/revision to their already completed work. It uses the basics laid out by the authors and tweaks/adds to it while attempting to keep the spirit of their style alive. I'm aiming for this to be a sort of "EXPERIMENTAL" branch of the system.
I want everyone to contribute and/or hate on any of our work here. Through constructive criticism and logical contribution we shall prevail where others have failed!
First things first, I'd like to post my mantra in progress;
CHOCS TEN KING PIP COMMANDMENTS
An absolutely stupid document that condenses the ten most important rules to rhyme to yourself while you work.
Why silly rhymes?
We have been force fed rhymes from practically birth. The catchy advertising jingle, the dumb pop song, our A-BEE-CEE's and ONE TWO THREES. All simplified concepts drilled into our heads over and over again to produce results. Some cases its to purchase someones product, in other cases it's the basic learning blocks of linguistic communication. It has been proven time and time again that annoying repetitive rhymes are remembered whether we like them or not. The commandments document is a work in progress, yes its crass, yes its unfinished, yes its probably been done before in one way or another. If you have a "commandment" rhyme, by all means share it in a post. We can decide to add it to the list, knock others off, or whatever.
That's where this thread begins to take shape and differ from its basic similarities with the TMS style systems. I am looking to make two silly documents a 'general trading' 10 commandments, and a 10 commandments for the 'SIMILAR SYSTEM'.
Now, to the system;
The indicators I've had success with are ;
Synergy APB/Moving Average (The basic TMS Heiken Aishi Candle setup for those who have been to that wonderful thread)
#MTF Heiken Aishi
TDI Red/Green
GannHi-Lo Histo
Market Display Controller (or you can use a FFCAL instead, No news with this one but some vital info)
I trade on the 1h chart, with the #MTF HA indicator set to 5,15,30,240 minutes to get the TF's that I don't already have on my window to get a quick glimpse of the "less important" time frames. Similar to the TMS/S3 I only trade the London session. I trade the E/U , G/U, and if they are flat I take a look at the A/J,E/J,G/J,U/J, for basic TMS style openings.
However when the New York session begins to start, I cease to open any new trades (reminder to only trade the 1h chart on new candles early in the London session) EXCEPT for the UCAD. For a while, I have seen major price action during the Lon/NY crossover period and just before NY open. However it fizzles out when London session ends and sometimes has nasty reversals, so care and attention is needed.
The some-would-say out of place GANN Histo in my opinion works better than the standard stoch indicator for a confirmation of direction or an abort trade signal. A flash of red in long looks like 7/10 times the best time to get out if its before end of session. Either the PA is going flat, or reversing, which is not good.
Sending in a server stop is tantamount to treason with my logic. Hearing many rumors (logically sound ones) that MM's/Dealing Desks use their client's submitted stop orders as pivot points, to 'shake out' their client orders by hitting their stops using price action is putting money into their pockets, not ours. Remember, Its war out here, us versus them. They think of it like this, we must do it as well. No matter how nice the client rep is on the phone, they want you to fail if your not using a DMA or ECN broker for a direct to exchange (or close to) solution. Dealing desks make money off your losses, never forget that. They take the opposite side of the trade and want you to be a bad trader. So, if by all means if there is a ECN/DMA solution available, use it and pay the damn commission, your spreads are lower anyway.
I have included a copy of my aforementioned template. The indicators used are in the zip file, and the first super-duper rough copy of the commandments is below as well.
Oh, please try to keep this thread to proper English, (or proper bad English for that matter) , and once/if the thread grows read and study the commandments and DON'T ASK STUPID QUESTIONS. Yes, your grade school teacher had you tricked, there is such thing as stupid questions and stupid people, welcome to the real world foo.
Even though I am a virtual unknown on the forums, I have spent more time than I am afraid to admit reading, researching, and testing the theories on this forum. I prefer to take the passive role in my initial learning phase (in anything, im sorta shy) then go all-out active and become part of the learning process through brainstorming and experimentation. Basically I am an Anon, just like anyone else on these forums you don't ACTUALLY know in the flesh. Who I am is not important, I could be a 20 year seasoned equities trader, I could be a newbie, I could be a retired hedge fund manager, it matters not. What matters is, progress, and results. Good results.
I would also like to thank the trading made simple (TMS) thread http://www.forexfactory.com/showthread.php?t=291622
and the X-Man 3S thread http://www.forexfactory.com/showthread.php?t=327972
both for being the logical basis for this system in development. This is more an update/revision to their already completed work. It uses the basics laid out by the authors and tweaks/adds to it while attempting to keep the spirit of their style alive. I'm aiming for this to be a sort of "EXPERIMENTAL" branch of the system.
I want everyone to contribute and/or hate on any of our work here. Through constructive criticism and logical contribution we shall prevail where others have failed!
First things first, I'd like to post my mantra in progress;
CHOCS TEN KING PIP COMMANDMENTS
An absolutely stupid document that condenses the ten most important rules to rhyme to yourself while you work.
Why silly rhymes?
We have been force fed rhymes from practically birth. The catchy advertising jingle, the dumb pop song, our A-BEE-CEE's and ONE TWO THREES. All simplified concepts drilled into our heads over and over again to produce results. Some cases its to purchase someones product, in other cases it's the basic learning blocks of linguistic communication. It has been proven time and time again that annoying repetitive rhymes are remembered whether we like them or not. The commandments document is a work in progress, yes its crass, yes its unfinished, yes its probably been done before in one way or another. If you have a "commandment" rhyme, by all means share it in a post. We can decide to add it to the list, knock others off, or whatever.
That's where this thread begins to take shape and differ from its basic similarities with the TMS style systems. I am looking to make two silly documents a 'general trading' 10 commandments, and a 10 commandments for the 'SIMILAR SYSTEM'.
Now, to the system;
The indicators I've had success with are ;
Synergy APB/Moving Average (The basic TMS Heiken Aishi Candle setup for those who have been to that wonderful thread)
#MTF Heiken Aishi
TDI Red/Green
GannHi-Lo Histo
Market Display Controller (or you can use a FFCAL instead, No news with this one but some vital info)
I trade on the 1h chart, with the #MTF HA indicator set to 5,15,30,240 minutes to get the TF's that I don't already have on my window to get a quick glimpse of the "less important" time frames. Similar to the TMS/S3 I only trade the London session. I trade the E/U , G/U, and if they are flat I take a look at the A/J,E/J,G/J,U/J, for basic TMS style openings.
However when the New York session begins to start, I cease to open any new trades (reminder to only trade the 1h chart on new candles early in the London session) EXCEPT for the UCAD. For a while, I have seen major price action during the Lon/NY crossover period and just before NY open. However it fizzles out when London session ends and sometimes has nasty reversals, so care and attention is needed.
The some-would-say out of place GANN Histo in my opinion works better than the standard stoch indicator for a confirmation of direction or an abort trade signal. A flash of red in long looks like 7/10 times the best time to get out if its before end of session. Either the PA is going flat, or reversing, which is not good.
Sending in a server stop is tantamount to treason with my logic. Hearing many rumors (logically sound ones) that MM's/Dealing Desks use their client's submitted stop orders as pivot points, to 'shake out' their client orders by hitting their stops using price action is putting money into their pockets, not ours. Remember, Its war out here, us versus them. They think of it like this, we must do it as well. No matter how nice the client rep is on the phone, they want you to fail if your not using a DMA or ECN broker for a direct to exchange (or close to) solution. Dealing desks make money off your losses, never forget that. They take the opposite side of the trade and want you to be a bad trader. So, if by all means if there is a ECN/DMA solution available, use it and pay the damn commission, your spreads are lower anyway.
I have included a copy of my aforementioned template. The indicators used are in the zip file, and the first super-duper rough copy of the commandments is below as well.
Oh, please try to keep this thread to proper English, (or proper bad English for that matter) , and once/if the thread grows read and study the commandments and DON'T ASK STUPID QUESTIONS. Yes, your grade school teacher had you tricked, there is such thing as stupid questions and stupid people, welcome to the real world foo.
Attached File(s)
