Islander and Medici trade the European open | Page 282 | Forex Factory

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Islander and Medici trade the European open

  • #5,621
  • Sep 5, 2018 4:59am Sep 5, 2018 4:59am
Quoting medici
{quote} GM, Yes, first I discovered that the multiple regression channel stuff worked better on tick charts than on time-based charts, and then experience taught me that I missed many opportunities by following the regression channels. Whereas the extensive backtesting done a couple of years ago, which underlies my MA-based tick chart strategy, works wonders in all weathers. That strategy is, btw, analogous to the RB5 strategy I developed with Auron112 back in 2010. Simple to the point of being boring, and catches every...
Range Bar - 5 pips ?

(Just started reading Auron's posts )
every Saint has a past. Every Sinner has a Future
  • #5,622
  • Sep 5, 2018 5:09am Sep 5, 2018 5:09am
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  • #5,623
  • Sep 5, 2018 5:09am Sep 5, 2018 5:09am
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  • #5,624
  • Sep 5, 2018 5:44am Sep 5, 2018 5:44am
Oh bother - medici has given me food for thought. :-)
I keep coming back to look at Islander and Medici, both of whom seem to practice "kiss." :-)
Will try this with "Range" bars as well as "Tick" bars.
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every Saint has a past. Every Sinner has a Future
  • #5,625
  • Sep 5, 2018 5:57am Sep 5, 2018 5:57am
Quoting Jupiter
@ Islander Too much posting. Sorry if I have invaded your thread, Sir. My apologies.

No problem, we like interesting posts

Pity I had to leave before Dax dropped into that old S&R area and also that Price Projection generated last week on my hourly chart....

@turnip15 - yes, KISS rules

@parisboy - thanks for those charts....I do keep looking at the concept...
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Trading Levels with WRBs
  • #5,626
  • Sep 5, 2018 6:04am Sep 5, 2018 6:04am
for turnip15....mine thinks she's a trader
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Trading Levels with WRBs
  • #5,627
  • Sep 5, 2018 7:02am Sep 5, 2018 7:02am
Quoting Islander
{quote} Thank you - always good to hear your views and also to see some action in our 10 year old thread
Thanks. I should also say that I do keep one regression channel on my chart.
  • #5,628
  • Sep 5, 2018 7:04am Sep 5, 2018 7:04am
Quoting turnip15
{quote} Range Bar - 5 pips ? (Just started reading Auron's posts )
Correct. But don't look for the details of the strategy on the thread. Not in the public domain
  • #5,629
  • Sep 5, 2018 8:01am Sep 5, 2018 8:01am
Quoting turnip15
{quote} Range Bar - 5 pips ? (Just started reading Auron's posts )
Also, you can use SuperTrend as entry trigger on tick charts, and get the best of both worlds - RBs and tick charts.
  • #5,630
  • Sep 5, 2018 9:24am Sep 5, 2018 9:24am
Quoting Islander
{quote} No problem, we like interesting posts
Agreed
  • #5,631
  • Sep 5, 2018 11:17am Sep 5, 2018 11:17am
Quoting Jupiter
{quote} Action? Here I am... my position now, after 2 hours of Dancing. Scaling out... banking some! DAX m1, as usual. {image}
Well done Are you referring to the Choros system?
  • #5,632
  • Sep 5, 2018 12:02pm Sep 5, 2018 12:02pm
Quoting turnip15
Oh bother - medici has given me food for thought. :-) I keep coming back to look at Islander and Medici, both of whom seem to practice "kiss." :-) Will try this with "Range" bars as well as "Tick" bars. {image}
Ok, then, here are three charts from today's action - 1m, range, and 100 tick - take your pick.
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  • #5,633
  • Edited 11:31pm Sep 5, 2018 11:19pm | Edited 11:31pm
Quoting medici
{quote} Well done Are you referring to the Choros system?
I know that Strategy, Sir... but no, I was not referring to it.
I'm a "tenacious and stubborn" student of fti's lessons: Technical Analysis Fallacy, here on FF.
And I use the term Dance in his meaning and deep significance of managing (in/out/adjusting) my positions on the terrain.

Islander was there some years ago and his contribution was really appreciated by fti in person.

PS. Nice to meet you all.... It's an honour for me to post here.
If I'm not a too great disturb to your narration.
  • #5,634
  • Sep 6, 2018 1:56am Sep 6, 2018 1:56am
Quoting Jupiter
{quote} I know that Strategy, Sir... but no, I was not referring to it. I'm a "tenacious and stubborn" student of fti's lessons: Technical Analysis Fallacy, here on FF. And I use the term Dance in his meaning and deep significance of managing (in/out/adjusting) my positions on the terrain. Islander was there some years ago and his contribution was really appreciated by fti in person. PS. Nice to meet you all.... It's an honour for me to post here. If I'm not a too great disturb to your narration.
Thank you, and good morning. Does that mean that you trade naked charts, i.e. without MAs or indicators?
  • #5,635
  • Sep 6, 2018 2:46am Sep 6, 2018 2:46am
Quoting medici
{quote} Thank you, and good morning. Does that mean that you trade naked charts, i.e. without MAs or indicators?
No, Sir. Good morning to you.

I'm not completely naked in front of my screens! (What an ugly picture... LOL )

I use MAs (preferably on a different chart) and fti knows that very, very well... But absolutely no other indicators.

("He knows"... I prefer to use the present tense.... wishing him all the best!)

Sometimes, when I need a friend during my analysis at markets closed, I use the Bill Williams' Awesome Oscillator. That's all.
(Fibonacci is a Trading Concept... not an indicator!)
  • #5,636
  • Edited 4:23am Sep 6, 2018 3:13am | Edited 4:23am
Quoting Jupiter
{quote} No, Sir. Good morning to you. I'm not completely naked in front of my screens! (What an ugly picture... LOL ) I use MAs (preferably on a different chart) and fti knows that very, very well... But absolutely no other indicators. ("He knows"... I prefer to use the present tense.... wishing him all the best!) Sometimes, when I need a friend during my analysis at markets closed, I use the Bill Williams' Awesome Oscillator. That's all. (Fibonacci is a Trading Concept... not an indicator!)
Thank you, that all makes sense. I found fti's diatribe in his first post a bit too categorical. I do think MAs are justified, and that point can be verified statistically, if desired.

No other indicators But how about channels, like Keltner Channels or Bollinger Bands?
  • #5,637
  • Sep 6, 2018 3:39am Sep 6, 2018 3:39am
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  • #5,638
  • Sep 6, 2018 4:56am Sep 6, 2018 4:56am
Quoting medici
{quote} No other indicators But how about channels, like Keltner Channels or Bollinger Bands?
Thanks for your question, Sir.
I would need an whole thread to answer you... and actually I wrote a hundred pages, already. ROFL.
I have a strictly classical formation: Dow, Livermore, Gann (a lot of!) and Wyckoff... as per fti's suggestion.
That is what you could find in my trading, rigidly applied.
That having said...

1) No Bollinger Bands.
- I retain all the Keltner studies in my "Mental Road Map"(as per Linda Ratschke reasonings, for example)... and some Donchian's ideas.
- All the Bill Williams' studies are well present in me...
But (personally) I love (and I largely use) Raghee Horner's Wave (according to her original rules... LOL)

2) fti was trained by Welles Wilder in person. Can you imagine what fti had the opportunity to see about indicators (Indicators, capital letter)?
I think that fti decided to not tell all the story (!!!) and he was right. IMHO.
It's up to each one of us to get and understand the message...
And, nowadays after so many years, I have my ideas about W. Wilder work from the origin to the Delta Phenomenon phase...
and my interpretation of the matter.

3) About fti and MAs, that is another long long story. You could find different phases in the long story/evolution of TAF thread and fti's narration.
(... and some MAs on his charts, chat logs and in some of his trade descriptions)

"I gave you the scketch, now fill in your colours." "Be better than me." is fti's true message.
So many misunderstandings, I think, about his teaching. MAs, Use of stop, Rescue, Skew... 3Kingdoms.

I don't want to translate or make my interpretation of his thought.
I had my grade (directly from his hands) trading live in front of him... but I'm not so popular among his readers. ROFL.

This is a strong invitation: read that book (his posts, above all). It is a fascinating one.
  • #5,639
  • Sep 6, 2018 5:21am Sep 6, 2018 5:21am
Quoting Jupiter
{quote} Thanks for your question, Sir. I would need an whole thread to answer you... and actually I wrote a hundred pages, already. ROFL. I have a strictly classical formation: Dow, Livermore, Gann (a lot of!) and Wyckoff... as per fti's suggestion. That is what you could find in my trading, rigidly applied. That having said... 1) No Bollinger Bands. - I retain all the Keltner studies in my "Mental Road Map"(as per Linda Ratschke reasonings, for example)... and some Donchian's ideas. - All the Bill Williams' studies are well present in me... But...
Thank you very much for detailed response

I agree about that the classical structure stuff (Wyckoff etc) is absolutely essential.

No Bollinger Bands...So you do range/mean reversion trading by other means?

And to me BBs have other, structural uses, such as down move, consolidation, and then final push down to the BB. Happens all the time.
  • #5,640
  • Sep 6, 2018 5:26am Sep 6, 2018 5:26am
Quoting medici
{quote} Thank you very much for detailed response I agree about that the classical structure stuff (Wyckoff etc) is absolutely essential. No Bollinger Bands...So you do range/mean reversion trading by other means?
Oh, yes. Absolutely yes. When I need to...
Don't laugh at me.
It's the same for me as per the Market Profile stuff... question of style and habits!
I think I could do exactly the same with just my candlesticks and my Moving Averages.

Patterns, Price and Time.
Gann docet.
(The Best Swing Trader of Them All... not the astrologyst, ROFL! )
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