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The "V" trading system

  • #401
  • Jun 30, 2017 4:33am Jun 30, 2017 4:33am
Quoting chappy
{quote}I should have taken your advice and held for a weekly target .However I covered at 25 pts .There may be much more to come so I will be patiently watching /waiting .Thanks for the method and sharing your insights ... {image}
Hi Chappy,

That's good news , there will be definitely much more.
I praise your patience as this is one of the great virtues of successful traders

Regards
What goes up will come down...
  • #402
  • Jun 30, 2017 7:06am Jun 30, 2017 7:06am
Quoting sam68
{quote} Thanks landline , Lets all put our thinking hats on and discuss 2 key points based on every one past experience. 1- How to stay as long as possible in the trend & when to exit ? 2- Best add on technique to build on equity I think pipEASY covered it here , please read it , it's an eye opener https://www.forexfactory.com/showthread.php?t=245149
Sam, I've mentioned that I construct an ADR box previously.

I also use the same box(es) when looking at intraday t/fs using an ADR of 1.

I have added 2 EJ images on the h1 chart in this instance to illustrate an approach I use.

The boxes, whilst not overly tedious to draw, would make life a little easier if someone had a tool to create the same kind of thing automatically.

The requirements are fairly straightforward as per the images, ie image 1 simply shows the 2 boxes as separate entities, and image 2 shows them overlayed to one another which then naturally creates the zones.

So, I was thinking if the tool included

a) The ADR, which would be most used for intraday purposes and also able to include (or separate) an AWR for longer trade set-ups

b) Adjustable time (for session trading)

I think something along those lines would benefit most types of traders, both intraday and longer term, and could be a useful addition to the V set-ups of course.

Unfortunately, I am not a coder, but perhaps someone out there might like to contribute in that respect.

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  • #403
  • Jun 30, 2017 10:31am Jun 30, 2017 10:31am
Thanks for this siple and nice technique ...........thanks for sharing ........
  • #404
  • Jul 2, 2017 3:03am Jul 2, 2017 3:03am
Quoting Landline
{quote} Sam, I've mentioned that I construct an ADR box previously. I also use the same box(es) when looking at intraday t/fs using an ADR of 1. I have added 2 EJ images on the h1 chart in this instance to illustrate an approach I use. The boxes, whilst not overly tedious to draw, would make life a little easier if someone had a tool to create the same kind of thing automatically. The requirements are fairly straightforward as per the images, ie image 1 simply shows the 2 boxes as separate entities, and image 2 shows them overlayed to one another...
Hi Landline,

Hope you are enjoying your weekend.

Here is the tool you might be describing , in the settings you may adjust TF so that you can set longer targets..

My Regards
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 25 KB
Attached File(s)
File Type: ex4 Daily Open line v MTF ADR levels nmc.ex4   62 KB | 529 downloads
What goes up will come down...
  • #405
  • Jul 2, 2017 4:03am Jul 2, 2017 4:03am
Quoting birdland
+64 with UJ {image}

Hi birdland,

Where could i find the symbol changer as you have on the left side?

Thanks a lot!
  • #406
  • Jul 2, 2017 4:37am Jul 2, 2017 4:37am
Quoting demonn
{quote} Hi birdland, Where could i find the symbol changer as you have on the left side? Thanks a lot!

Hi demon, Birdland was nice enough to share his Symbol Changer indi on post # 358

PS - You can also go to the top right of any thread & click on the paper clip and you will find all files that have been uploaded to that thread.

Thank you again Birdland!

G
Find The Pain Points On Your Chart & Trade Off Those Levels
  • #407
  • Jul 2, 2017 4:47am Jul 2, 2017 4:47am
Quoting sam68
{quote} Hi Landline, Hope you are enjoying your weekend. Here is the tool you might be describing , in the settings you may adjust TF so that you can set longer targets.. My Regards {image} {file}
Well done Sam and thank you.

It more or less does what I wanted and makes life that much easier now instead of constructing rectangles.

Good stuff
  • #408
  • Jul 2, 2017 5:48am Jul 2, 2017 5:48am
Quoting GPips
{quote} Hi demon, Birdland was nice enough to share his Symbol Changer indi on post # 358 PS - You can also go to the top right of any thread & click on the paper clip and you will find all files that have been uploaded to that thread. Thank you again Birdland! G

Appreciate you help, happy trading!
  • #409
  • Jul 2, 2017 9:39am Jul 2, 2017 9:39am
Quoting sam68
{quote} Hi Landline, Hope you are enjoying your weekend. Here is the tool you might be describing , in the settings you may adjust TF so that you can set longer targets.. My Regards {image} {file}
Hi Sam

The tool of yours certainly eases quick assessment of possible set ups that may be developing. 2 charts attached illustrate that with my own settings that pretty much reflect my requirements at least. Ticks show possible trades that could have been taken, crosses show days that never entered a range of interest to me

Most days, as we have discussed, are ranging days, and this is where your tool comes into its own, by trading the intraday pa.

Obviously, not all days, or all pairs will be suitable candidates to trade, but there will always be several pairs that do fit the necessary criteria (or at least my own that is), which is essentially having price in the right place, at the right time, and with a shape I'm interested in.

As said, your tool goes a long way to make that part of the process pretty straightforward now.

What I was wondering however, for the next phase of development, is whether that tool could somehow be incorporated into like a dashboard for all pairs, using the input parameters of that tool as the backbone. I may not have explained myself very well, but it would be a useful addition and mean all pairs could be speedily scanned for monitoring purposes of any suitability candidates during the day.

Of course I appreciate that each trader will have different trading rules and different criteria for entering the market, and your tool is already completely versatile in that respect, and that is why I was thinking that it could be the engine of any dashboard that was created from it.

I know it cannot be a simple thing to make, and any comments would be appreciated.

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  • #410
  • Jul 2, 2017 2:23pm Jul 2, 2017 2:23pm
Quoting Landline
{quote} Hi Sam The tool of yours certainly eases quick assessment of possible set ups that may be developing. 2 charts attached illustrate that with my own settings that pretty much reflect my requirements at least. Ticks show possible trades that could have been taken, crosses show days that never entered a range of interest to me Most days, as we have discussed, are ranging days, and this is where your tool comes into its own, by trading the intraday pa. Obviously, not all days, or all pairs will be suitable candidates to trade, but there will...
Hi Landline,

I think this could be what you mean?
https://www.forexfactory.com/showthread.php?t=280319

I am currently testing a daily range reversal/bounce strategy but I do not want to deviate from V system thread...

from my personal observation , all I can say is that if a V appears near S/R areas OR boundaries of daily range OR under / above a MA we should pay a close attention as we could be rewarded handsomely.

Green pips to all
What goes up will come down...
  • #411
  • Jul 2, 2017 5:00pm Jul 2, 2017 5:00pm
Sorry but system is too ambiguous to be profitable on the long term or can be traded with any sense of confidence.
  • #412
  • Jul 2, 2017 6:31pm Jul 2, 2017 6:31pm
Quoting Landline
{quote} Sam, I've mentioned that I construct an ADR box previously. I also use the same box(es) when looking at intraday t/fs using an ADR of 1. I have added 2 EJ images on the h1 chart in this instance to illustrate an approach I use. The boxes, whilst not overly tedious to draw, would make life a little easier if someone had a tool to create the same kind of thing automatically. The requirements are fairly straightforward as per the images, ie image 1 simply shows the 2 boxes as separate entities, and image 2 shows them overlayed to one another...

Hi Landline

Here is another type of ADR/ATR indi you may consider for projections... Read more here https://www.mql5.com/en/market/produ...ll_description

Enjoy!

G
Attached File(s)
File Type: ex4 VR ATR Pro.ex4   305 KB | 600 downloads
Find The Pain Points On Your Chart & Trade Off Those Levels
  • #413
  • Jul 3, 2017 4:14am Jul 3, 2017 4:14am
Quoting sam68
{quote} Hi Landline, I think this could be what you mean? https://www.forexfactory.com/showthread.php?t=280319 I am currently testing a daily range reversal/bounce strategy but I do not want to deviate from V system thread... from my personal observation , all I can say is that if a V appears near S/R areas OR boundaries of daily range OR under / above a MA we should pay a close attention as we could be rewarded handsomely. Green pips to all
Hi Sam

Actually I really wanted a dashboard that used the inputs from your tool. Arriving maybe at 3 columns, coloured with something like a red dot, green dot, neutral dot which reflects the levels of interest per instrument, along the lines of those charts I posted with ticks and crosses for example, and where V set ups in those zones would carry more weight of course

A tough challenge I'm sure, and maybe something to think about in future. For now I'm happy with the tool as it stands which does the job that I initially asked of you....thanks
  • #414
  • Jul 3, 2017 4:17am Jul 3, 2017 4:17am
Quoting GPips
{quote} Hi Landline Here is another type of ADR/ATR indi you may consider for projections... Read more here https://www.mql5.com/en/market/produ...ll_description Enjoy! G {file}
Hi GPips

Thanks for taking the time to show interest with your alternative, and I'll keep it in mind as the thread further develops.
  • #415
  • Jul 3, 2017 5:22am Jul 3, 2017 5:22am
Hi all

It is likely we have taken the V discussion as far as it can go at this point in time( at least I have).

So far, what has been covered is a) what a V is b) how to identify a V along with various tools to help that part c) how to look at intraday possibilities (I'm using Sam's tool now for that purpose), and which accounts for (so far as I'm concerned) 80% of the time, because bearing in mind that a daily V set up requires 4 days to maybe present itself, leaving a lot of down time.

All these topics have been addressed and for me there is nothing more to say on those areas. The only outstanding part left is the monitoring of all the instruments quickly for potential set-ups and which has recently been opened up for discussion.

That part may or may not develop, time will tell, in any case, I'll rejoin the thread of course if it does, but for the time being I'll be taking a leave of absence from here and would finish by saying that I've enjoyed this thread led by Sam....well done.
  • #416
  • Jul 3, 2017 12:07pm Jul 3, 2017 12:07pm
Hi Team,
Just wondering if placing sell stop or buy stop will be better idea to cut down some of the losses or no

Thanks
R
  • #417
  • Jul 5, 2017 8:20pm Jul 5, 2017 8:20pm
NU may be in play .....
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  • #418
  • Jul 6, 2017 12:26am Jul 6, 2017 12:26am
Quoting sam68
price reached the supply zone on W TF , shall we see a "V" this week and go short? {image}
Yes NU is definitely in play

See attached.
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Click to Enlarge Name: Screenshot1.png Size: 24 KB
What goes up will come down...
  • #419
  • Jul 6, 2017 12:31am Jul 6, 2017 12:31am
Quoting rookie14
Hi Team, Just wondering if placing sell stop or buy stop will be better idea to cut down some of the losses or no Thanks R
Hi Rookie,

It is a possible and more prudent to place pending orders and wait for price to come to you. Instead of draw-down or SL

My Regards
What goes up will come down...
  • #420
  • Jul 18, 2017 2:04am Jul 18, 2017 2:04am
I took the gbpjpy trade, maybe beeing stopped out..
Attached Image
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