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The "V" trading system

  • #341
  • Jun 22, 2017 5:23pm Jun 22, 2017 5:23pm
Quoting rookie14
Thanks again Sam, Can you please show an example And how to use ATR please Thanks R
It can be used for calculating your target and stop ( in case the previous top or bottom is very far) based on a multiplier and low of the past 14 or 20 bars reading
( ATR = is a moving average difference between high & low of the set number of bars )

This article covers your question and worth reading although it's about stocks but same rules apply

https://tradingsim.com/blog/how-to-u...nge-indicator/


BR
What goes up will come down...
  • #342
  • Jun 23, 2017 3:30am Jun 23, 2017 3:30am
Ref pms rec'd

Determine bias from daily chart

Trade all V set ups from the m30 t/f...with appropriate stops and realistic targets
  • #343
  • Jun 23, 2017 6:19am Jun 23, 2017 6:19am
Further....

No....My set ups are against my own small set of rules, and different

Other questions already covered

Use thread, not pm's.....
  • #344
  • Jun 23, 2017 10:14am Jun 23, 2017 10:14am
i took the EC H4 long signal for more than +70 pips.
but still testing if (combining H4 with m15 or m30) or (H4 alone) is better...
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH4.png Size: 79 KB
trading is like dancing, don't think and just listen to the music!
  • #345
  • Jun 23, 2017 12:42pm Jun 23, 2017 12:42pm
Quoting birdland
i took the EC H4 long signal for more than +70 pips. but still testing if (combining H4 with m15 or m30) or (H4 alone) is better... {image}
Welldone birdland , let us know your findings about smaller tf
What goes up will come down...
  • #346
  • Jun 23, 2017 12:51pm Jun 23, 2017 12:51pm
Quoting chappy
Patiently watching the ES....{image}
Hi chappy , it seems we are getting ready for a down slide..

zoom down to H4 , a clear sell signal as well
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 157 KB
What goes up will come down...
  • #347
  • Jun 23, 2017 1:59pm Jun 23, 2017 1:59pm
Quoting birdland
i took the EC H4 long signal for more than +70 pips. but still testing if (combining H4 with m15 or m30) or (H4 alone) is better... {image}
Hi Birdland,

Congratulations on your 70+ pips on E/C!

Can you share your pair & time frame buttons indicator or direct me where to download it from?

Thanks!

G
Find The Pain Points On Your Chart & Trade Off Those Levels
  • #348
  • Jun 24, 2017 5:50am Jun 24, 2017 5:50am
It's been a pretty good weeks trading for me, up about 11% which included short term and longer term trades.

As usual, I'll be looking at 2 or 3 pairs to trade on Monday in short term mode, m30,m15,m5. It can get busy on these lower t/fs, and whilst it's fun and exciting, it must be remembered that's it's first and foremost business.

I'll be using my own unique version of V spotting, which obviously hasn't been discussed in any detail yet, simply because it is non conventional and although it's simple and second nature to me after years of use, I know it would not be easy for others to break from tradition. I expect to take a couple of hundred pips out of the market across the pairs, up and down as normal for the early part of the week, with a view to hold some of those for position building on those pairs that I think warrant it.

This thread has focussed on the most basic formation, and I would expect one or two of you have probably noticed other V themed shapes, ie oblique, inverse, truncated, collective....etc etc etc are present.

As you may imagine, the simple idea can become more useful than first thought, but all of that I'm afraid takes plenty of time to understand.....anyway, at least the seed for thought via the OP has been planted for development.

The alternative V thread btw has already become encyclopaedic with an apparent rule for everthing!....basically to a point of in-comprehension to the average Joe. Nevertheless good luck over there.

If I find time, I may post a trade or two Monday/Tusday
  • #349
  • Jun 24, 2017 7:05am Jun 24, 2017 7:05am
Hi Landline,
What other smaller time frames you have tried this system on .....
and what other 'filters' have you been using

This System is great, just thinking to make it better and better

Thanks
R
  • #350
  • Jun 24, 2017 7:28am Jun 24, 2017 7:28am
Quoting rookie14
Hi Landline, What other smaller time frames you have tried this system on ..... and what other 'filters' have you been using This System is great, just thinking to make it better and better Thanks R
You have asked questions, I (and no doubt everyone else) is wondering what part of my previous post did you not understand

Secondly, you say this system is already great.
a) How do you know?
b) Why make something better that is already great?
c) How are YOU thinking of making it better and better?
  • #351
  • Jun 24, 2017 9:42am Jun 24, 2017 9:42am
Hi Landline,
I wanted to know which lower time frames this system can be tried on as recommendation has been coming for 4Hrs and upwards
This system is great because it is the simplest possible one can think of

I am trying to make it better to get more profits and less losses

This chart is starting from May till now....
Not trying to full extent of checking every point but attachment is just a rough idea

Thanks
R
Attached Image (click to enlarge)
Click to Enlarge Name: Example.JPG Size: 173 KB
  • #352
  • Jun 24, 2017 10:02am Jun 24, 2017 10:02am
Quoting rookie14
Hi Landline, I wanted to know which lower time frames this system can be tried on as recommendation has been coming for 4Hrs and upwards This system is great because it is the simplest possible one can think of I am trying to make it better to get more profits and less losses This chart is starting from May till now.... Not trying to full extent of checking every point but attachment is just a rough idea Thanks R {image}
I can't help you
  • #353
  • Jun 24, 2017 10:28am Jun 24, 2017 10:28am
The vast majority of traders, I'd guess in excess of 90%, have a conventional mindset, and apply conventional means of trade identification accordingly.

Markets thrive on this mentality, and is the chief reason that the vast majority of traders fail.

If a trader can tune their thinking, (their mindset), then they increase their chances of success imo I realise it is difficult for anyone to think outside the box, but until they do, then only a very few reap the rewards.
  • #354
  • Jun 24, 2017 10:37am Jun 24, 2017 10:37am
so we can just follow this system and will be on positive side?

Just trying to understand

For example...if I want to start trading on GBPUSD M15 this coming week, I will start from last signal which is SELL
But it , I think , is making a pennant ,probably BUY ??

Again, the point is to follow a simple method

Thanks again
R
  • #355
  • Jun 24, 2017 10:40am Jun 24, 2017 10:40am
too fast to hit reply , attached picture

Actually just last Friday I tried NZDCAD on M5 and got couple of trades loss
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.JPG Size: 62 KB
  • #356
  • Jun 24, 2017 10:49am Jun 24, 2017 10:49am
Quoting rookie14
so we can just follow this system and will be on positive side? Just trying to understand For example...if I want to start trading on GBPUSD M15 this coming week, I will start from last signal which is SELL But it , I think , is making a pennant ,probably BUY ?? Again, the point is to follow a simple method Thanks again R
I happen to think that GU may well climb 40 or so pips, then resume downwards. Personally I will await the kind of V things I need to see if I choose to get involved in a trade, but, for now my preference will be short after the climb up as I said.

It is not a given either way at present
  • #357
  • Jun 24, 2017 10:52am Jun 24, 2017 10:52am
okay...thanks!!

will wait for some examples from you in coming week

Thanks
R
  • #358
  • Jun 26, 2017 1:36am Jun 26, 2017 1:36am
Quoting GPips
{quote} Hi Birdland, Congratulations on your 70+ pips on E/C! Can you share your pair & time frame buttons indicator or direct me where to download it from? Thanks! G
sure!
Attached File(s)
File Type: ex4 #Symbol changer - limited 1.1.ex4   16 KB | 443 downloads
File Type: mq4 #Symbol changer - limited 1.1.mq4   7 KB | 485 downloads
trading is like dancing, don't think and just listen to the music!
  • #359
  • Jun 26, 2017 3:58am Jun 26, 2017 3:58am
Hello traders,

Watch-list for week 26/6 - 3/7

AUDUSD , let's see how will today close , price retraced to 50MA and could bounce up

AUDJPY , same story here , pull back above MA , trend continuation set up may be underway

Brent , exhausted trend , possible change to the upside , notice opening gap

N,B :

Still holding the EURAUD from last week

Good luck for everyone!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 27 KB
Click to Enlarge Name: Screenshot2.png Size: 30 KB
Click to Enlarge Name: Screenshot3.png Size: 23 KB
Click to Enlarge Name: Screenshot4.png Size: 28 KB
What goes up will come down...
  • #360
  • Jun 26, 2017 11:10am Jun 26, 2017 11:10am
Quoting birdland
{quote} sure! {file} {file}
Thank you Birdland! This is much appreciated!
Find The Pain Points On Your Chart & Trade Off Those Levels
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