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The "V" trading system

  • #441
  • Oct 7, 2017 6:49pm Oct 7, 2017 6:49pm
Quoting jorgeng
{quote} Indicators are in #Post 81 #Post 179 #Post 207 #Post 383 My template attached: {file}
Nice template my friend!
Would you like to mention the use of envelopes please
What goes up will come down...
  • #442
  • Oct 7, 2017 7:02pm Oct 7, 2017 7:02pm
Dear All,

Pairs to watch for next week ,
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What goes up will come down...
  • #443
  • Oct 7, 2017 7:08pm Oct 7, 2017 7:08pm
This is EUR/JPY weekly right now. Does this qualify for a short entry even though above 89 SMA?
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  • #444
  • Oct 7, 2017 7:16pm Oct 7, 2017 7:16pm
Quoting de5151
This is EUR/JPY weekly right now. Does this qualify for a short entry even though above 89 SMA? {image}
the rule applies to daily time frame I guess and yes I think this could be a short trade.sma would not be a good filter here,if we wish to keep sma as a filter,we need to take smaller sma like 15 or 21.use more filters for confluence and place pending order 10-20 pips away from opening price of candle.
  • #445
  • Oct 7, 2017 7:36pm Oct 7, 2017 7:36pm
Quoting de5151;10367p681
This is EUR/JPY weekly right now. Does this qualify for a short entry even though above 89 SMA? {image}
Hi, The 89 SMA is just a risk ON/OFF switch basically , sure you can go when the low of the last candle is breached by a set of pips 7-10
Originally the strategy is for Daily , can be used on H4 , weekly ? would be good to test such a long time.

Let us know how it goes though!
What goes up will come down...
  • #446
  • Oct 8, 2017 5:21am Oct 8, 2017 5:21am
@de5151

Look back your own Chart in post #443 - you had already a very similar Situation. Price bounced back at the round number of 130, but it wasn't the start into a longer shiort run. Even worse: Price rebounced and manifested a return of the forther long trend. That short quad at 130 was a correction only ! So clearly we have to accept, that the quad Candle Formation alone is not a good Signal. We must Combine it in any case with other filters. "Masterrmind" did so in his thread - he proposed the Murray Math lines as an indi showing together with the QUADs a trend reversal with high probability. In my eyes the moving avarages aren't a reliable filter, but yes they are sometimes helpful but more often they filter out good chances !

Anyway simply watch the Charts, Scrolling them back, the candle Formation "QUAD" never can't repaint, so you may have a clear Picture of your possible entries in the past + the result they would have give.
  • #447
  • Oct 14, 2017 7:04pm Oct 14, 2017 7:04pm
As a follow up to my question last week, the eur/jpy did go down this week on the weekly and looks like it has a good chance to go down even more this week.
Attached Image
  • #448
  • Oct 15, 2017 4:16am Oct 15, 2017 4:16am
Quoting de5151
As a follow up to my question last week, the eur/jpy did go down this week on the weekly and looks like it has a good chance to go down even more this week. {image}
May be ... or may be not .....
  • #449
  • Oct 16, 2017 9:20am Oct 16, 2017 9:20am
Quoting sam68
{quote} Nice template my friend! Would you like to mention the use of envelopes please
Envelopes makes it easier to see top and bottom of candle and the trend.
  • #450
  • Oct 17, 2017 9:56am Oct 17, 2017 9:56am
Going good.
The tricky thing is when investment going against you, i have stoploss on previous top/bottom..
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  • #451
  • Oct 19, 2017 12:55am Oct 19, 2017 12:55am
Quoting de5151
As a follow up to my question last week, the eur/jpy did go down this week on the weekly and looks like it has a good chance to go down even more this week. {image}
That candle formation is an Inverted Hammer which is a bullish signal & you can now look at what it did.
Find The Pain Points On Your Chart & Trade Off Those Levels
  • #452
  • Feb 9, 2018 10:17am Feb 9, 2018 10:17am
Quoting altoronto
sam68, thank you for starting v-formation thread, please find attached indicator. {file}
Hi Al please i just want to know if this v formation indicator arrow colors will always be red even if the signal is up please see attached screenshot
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  • #453
  • Apr 18, 2018 7:35am Apr 18, 2018 7:35am
Quoting SwingMan
{quote} I have no idea, have only programmed something for the visualization in the analyzes. Anything else can only @sam68 explain and interprete! What you suggest is one of the possibilities, but I would take signals that converge with an MA trend. An alternative would perhaps be to look at the peaks of the pattern lines like at classical fractals. {image}
Hi Swingman is it possible just like in the screenshot you posted here for that horizontal line to give alert of where to go long with a target of 50pips,after the Vformation is in place? Pls kindly help if you can do it.Rgds
  • #454
  • Jun 5, 2018 3:11am Jun 5, 2018 3:11am
Quoting poruchik
{quote} bro add 2 pattern (3 IN & 3 OUT) in your display When we have 2 alert - triangle when we have 1 alert (V-system) - arrow {image}
Hi Poruchic please kindly help me with your set of vformation system i dont know how you set your own up to show those v formation arrow alert display mine is just displaying anyhow i like the way it showed on your chart of may 2017.Thanks
  • #455
  • Jun 12, 2018 9:46pm Jun 12, 2018 9:46pm
Hello friends,

I hope you find this new twist useful and stress free
Try the V with renko charts , very clean and simple
Same rules apply ( you might want to consider keeping the wicks to avoid wicked stop hunts )
See sample chart of the Dax ...most are winning trades since end of May
Target one or two boxes each is 25 pips , close part and trail the rest
Good luck
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What goes up will come down...
  • #456
  • Jun 14, 2018 2:31pm Jun 14, 2018 2:31pm
Did any one catch the EU suicide ?
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What goes up will come down...
  • #457
  • Edited 3:24pm Jun 14, 2018 3:13pm | Edited 3:24pm
Quoting sam68
Hello friends, I hope you find this new twist useful and stress free Try the V with renko charts , very clean and simple Same rules apply ( you might want to consider keeping the wicks to avoid wicked stop hunts ) See sample chart of the Dax ...most are winning trades since end of May Target one or two boxes each is 25 pips , close part and trail the rest Good luck {image}

nice work. very good dirt simple entry method. my humble suggestion is to try using 2 different size renko or range bar charts to simulate a higher time frame for "trend" direction (larger size) and take only the signals that are in the direction of current trend. That may be worth investigating. thoughts?

maybe a 4 pips renko(or range) in the direction of a 22 pips renko (or range)

or use a 5 pips renko (or range) in direction of a 27 pips renko (or range)

so your setup would be going in the direction of larger price movements.

just a thought. something to try.
  • #458
  • Jun 14, 2018 4:24pm Jun 14, 2018 4:24pm
Quoting sam68
Hello friends, I hope you find this new twist useful and stress free Try the V with renko charts , very clean and simple Same rules apply ( you might want to consider keeping the wicks to avoid wicked stop hunts ) See sample chart of the Dax ...most are winning trades since end of May Target one or two boxes each is 25 pips , close part and trail the rest Good luck {image}
Hey Sam glad you are back here please kindly gimme your renko set up including the template.Did you see my Pm?
  • #459
  • Edited 12:21pm Jun 15, 2018 12:04pm | Edited 12:21pm
Quoting dagoods
{quote} nice work. very good dirt simple entry method. my humble suggestion is to try using 2 different size renko or range bar charts to simulate a higher time frame for "trend" direction (larger size) and take only the signals that are in the direction of current trend. That may be worth investigating. thoughts? maybe a 4 pips renko(or range) in the direction of a 22 pips renko (or range) or use a 5 pips renko (or range) in direction of a 27 pips renko (or range) so your setup would be going in the direction of larger price movements. just a thought....
Thank you , this makes sense , will give it a shot next week to see how this could play out ..

What I do is

: if the renko V signal is fired near or at a S/R level then it is most probably a very high success rate trade and I award decent lots to such trades .

That move was a 50+ pips on EU , but I only target 10-15 pips at the max due to lot size.

These trades were taken based on this idea :
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What goes up will come down...
  • #460
  • Jun 15, 2018 12:30pm Jun 15, 2018 12:30pm
Quoting Slingshots1
{quote} Hey Sam glad you are back here please kindly gimme your renko set up including the template.Did you see my Pm?
Hey slingshots , This is the renko indicator to be placed on your chart ( I use 15 pips for EU )
on the offline chart I place the indicator V formation 1.02 ( for blue / red dots ) available here on the thread.
Have not seen any PM ?
Attached File(s)
File Type: ex4 Renko Mod.ex4   27 KB | 424 downloads
What goes up will come down...
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