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  • #981
  • Apr 30, 2020 8:59pm Apr 30, 2020 8:59pm
Quoting ChubbyWookie
Just wanted to say thanks again to LuaraT, Patje and the many others who have been positing trades, questions and answers. Initially I had many questions and concerns with my trades and performance. However, after reading the thread for the 3rd or 4th time and started reviewing my trades each day. I could see where I didn’t quite follow the rules, overlooked RSI and MTF indicator, Chasing the trade when it had already sailed. Or other times when it just didn’t work out. It was nice to see I wasn’t the only one. Hopefully I will be more prepared...
Pleas let me know what you guys think. Anything I may be overlooking or can do differently. I don’t seem to have quite the success as others, but will continue working on it. Also I posted the above quote/chart but I believe it got overlooked due to waiting on moderator approval. Any insight or critiquing always welcome.

Kind Regards,
Wookie
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  • #982
  • Apr 30, 2020 9:02pm Apr 30, 2020 9:02pm
Quoting bojack34
{quote} Not trying to be rude but who is this George guy? I thought this was Laura’s thread?
Fully agree. Posts that don't ask questions, support or use the techniques being presented will only cause confusion. Let's keep this on topic please.
  • #983
  • Edited 10:10pm Apr 30, 2020 9:49pm | Edited 10:10pm
Quoting LauraT
{image} Posting this one because it was a re-entry into spx taken with the new 1m settings for indices/oil. Notice how I was trading against the overall RSI bias but the new settings had CompRSISelect readings below 45.
Sorry, I've been away from the forum for a while. Are there some new 1m settings I've missed?
All you touch and all you see, is all your life will ever be.
  • #984
  • Apr 30, 2020 10:23pm Apr 30, 2020 10:23pm
Quoting LauraT
For Traders of 1m Indices/Oil I want to highlight a way of using CompRSISelectv2 (available in post 1) that might be useful to those who trade 1m indices/oil. The indicator settings are 15/60/0/0 and you should add lines at 55 and 45. Above 55 is bullish, below 45 is bearish. It's not perfect but I think it will hopefully act as a good general guide of momentum. Do feel free to play around with settings and let me know how you get on with it. {image}
LauraT,

I am loving all of the indicators surrounding this strategy!

Just a small note, do you think you could add the specifics of these new CompRSI settings to post 1? I.E. 15/60/0/0?

Just may help a newcomer as these pages seem to grow exponentially!
  • #985
  • Apr 30, 2020 11:16pm Apr 30, 2020 11:16pm
Quoting LauraT
{image} This was the AU ADR trade I mentioned earlier. Price turned on its heels right at ADR Low. I took the trade because RSI was still above 50 when it hit the line. As always, I'll remind you that ADR trades are advanced and riskier, and shouldn't be attempted before you've mastered the basics.
I think if dependence on indicators is cut down, the system will deliver.
Presently, any trader needs to work on internal demand and supply forces dancing to the tunes of Federal Reserve Helicopter Money Fall.

ADR% movements is the only indicator that should be practised for ultimately embedding into your trading habits.

ADR% should be coded in reflecting the MTF open level of any of 9 TF and corresponding ADR% (in Pips).

It will be better if ADR bands or channel is used instead of Moving Average.

Honestly, no other indicator like RSI or Moving Average is needed.

In view of the Federal Reserve taking over all the markets and dictating its moves, real news or any other indicator or information will also not help.
Fake news will help a lot because designated market makers will be using that to balance their books. After all, it is their responsibility to keep the markets alive and keep balancing the markets.

If markets attract a lot of buyers , say buyers outnumber sellers by 90%, then the market makers won't be carrying the can. Frequent shakedowns will happen to balance their own books.

This is a golden opportunity to master trading based on internal demand and supply forces. Get information from all sources to know whether the market is going into short covering or not.

It is time to give a decent burial to signal generators for good.
Practice makes a person perfect
  • #986
  • Edited 3:21am May 1, 2020 12:43am | Edited 3:21am
Quoting simnz
I think if dependence on indicators is cut down, the system will deliver....... it is time to give a decent burial to signal generators for good.
Naturally everybody forms an opinion based on their own experience; trading strategies and analysis techniques that they have, or haven't, been able to make work profitably for themselves.

If I understand correctly, the premise behind this thread is that LauraT is a seasoned professional trader and is sharing an approach that has allowed her to maintain a handsome living from trading for several years.

Skeptics will doubtless point out that she hasn't provided independently verified proof of her performance. Indeed that's true. Hence the reader must decide, based on what she has posted, whether it's worth testing her approach for themselves. Or whether to simply move on.

I tend to be skeptical by default, mainly because the vast majority of strategies touted on trading forums — especially those that use lagging, price-derived indicators and many other forms of 'conventional' chart-based analysis — eventually lose. Based on what I've read thus far in the thread, I'm willing to withhold judgement until I've given Laura's approach a decent try for myself. I have my own reasons for making an exception in this case. Nonetheless, I take nothing for granted, and I won't be putting any of my own savings at risk until I've satisfied myself that it's likely to deliver a robust edge over several years' worth of changing markets.
  • #987
  • May 1, 2020 12:50am May 1, 2020 12:50am
Quoting simnz
{quote} Thank you for sharing your dashboard. If you can include an option for using ticks per minute instead of 1 m TF then it can be used for mimentum.trading as well.
Sure I could do that. But curious, what would you get out of it? Right now you get an update every 1m if you place the DB on that TF. And you can also refresh manually. You're saying you'd like a refresh every tick? The rsi reading won't change that much, as well as the position of the channel vs baseline? Well maybe a tad on the 1m TF, I rarely look at that TF so not sure.
  • #988
  • May 1, 2020 12:57am May 1, 2020 12:57am
Good morning LauraT,

Continuing to study your excellent thread, you have helped me and so many other people and I thank you very much.

I have noticed a problem with the RSI indicator on my charts and wondered if you suggest a resolution?

On all of my charts the RSI indicator is not visible when opening any chart but after refresh it the appears!
Please see screen shots below.

Best regad's. DT.
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  • #989
  • May 1, 2020 2:11am May 1, 2020 2:11am
Quoting hanover
{quote}Naturally everybody forms an opinion based on their own experience; trading strategies and analysis techniques that they have, or haven't, been able to make work profitably for themselves. If I understand correctly, the premise behind this thread is that LauraT is a seasoned professional trader and is sharing an approach that has allowed her to maintain a handsome living from trading for several years. Skeptics will doubtless point out that she hasn't provided independently verified proof of her performance. Indeed that's true. Hence the...
Someone like yourself who is a seasoned vet. I totally respect what you do and who you are to this community.....so I value your input. May I please ask you, what approaches/strategies do you trade Live with your own "savings" as you put it. I would love to be able to pick your brain a little bit as to what you find to be a good/profitable strategy. I obviously don't expect you to "teach" anything, just point me (us) in the right direction.
  • #990
  • May 1, 2020 2:16am May 1, 2020 2:16am
Quoting ChubbyWookie
{quote} Pleas let me know what you guys think. Anything I may be overlooking or can do differently. I don’t seem to have quite the success as others, but will continue working on it. Also I posted the above quote/chart but I believe it got overlooked due to waiting on moderator approval. Any insight or critiquing always welcome. Kind Regards, Wookie {image} {image} {image}
Your first chart was an example of being swallowed up by strong momentum. Be wary of entering when an instrument returns in such a sustained way to the SMA.

Your second chart was an example of having your stop too close. The channel actually stayed above SMA the whole time and eventually price broke in your direction.

Your third chart was an example of bad luck. Nothing you did wrong.

Hope this helps.
  • #991
  • May 1, 2020 2:22am May 1, 2020 2:22am
Quoting doubletop
Good morning LauraT, Continuing to study your excellent thread, you have helped me and so many other people and I thank you very much. I have noticed a problem with the RSI indicator on my charts and wondered if you suggest a resolution? On all of my charts the RSI indicator is not visible when opening any chart but after refresh it the appears! Please see screen shots below. Best regad's. DT. {image} {image}
Good morning

I'm afraid I've never seen that issue before. I do occasionally have to refresh my charts to get the previous day's high/low to expand but never the RSI.
  • #992
  • May 1, 2020 2:27am May 1, 2020 2:27am
Hi Laura, have you got the mq4 file for TrendStrength-RSI-MT4? Or know where I possibly could get it?
  • #993
  • May 1, 2020 2:28am May 1, 2020 2:28am
Hi LauraT,

Thank you for taking the time to reply to my question. It's no great problem to refresh the chart just a niggle!

Happy trading DT
  • #994
  • May 1, 2020 2:34am May 1, 2020 2:34am
Quoting jan.forex
Hi Laura, have you got the mq4 file for TrendStrength-RSI-MT4? Or know where I possibly could get it?
Hi

Just the ex4 I'm afraid. What is it you need the source code for? The source code for CompRSISelect is available on page 1 if that's any help.
  • #995
  • May 1, 2020 2:34am May 1, 2020 2:34am
Two channel trades on SP & Dow. Closed both as have to be away from desk for a while so can't monitor.
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  • #996
  • May 1, 2020 2:42am May 1, 2020 2:42am
Quoting SkyLaser
Two channel trades on SP & Dow. Closed both as have to be away from desk for a while so can't monitor. {image} {image}
Nice trades Thanks for sharing!
  • #997
  • May 1, 2020 2:53am May 1, 2020 2:53am
Quoting LauraT
{quote} Hi Just the ex4 I'm afraid. What is it you need the source code for? The source code for CompRSISelect is available on page 1 if that's any help.
No problem. I've made an indicator/EA that sends me your channel cross signals only via a VPS to my mobile and was hoping to use the TrendStrength indicator. I'll keep using CompRSISelect as it's good as well. Thanks
  • #998
  • May 1, 2020 3:11am May 1, 2020 3:11am
Quoting LauraT
{quote} Nice trades Thanks for sharing!
Hi Laura, thank you for your generosity in sharing an awesome strategy. It rox! I am attaching a screenshot of a demo trade I took based on your system, please share your opinion of the accuracy of this whenever it is convenient for you.
Thanks once again.
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  • #999
  • May 1, 2020 3:12am May 1, 2020 3:12am
Quoting jan.forex
{quote} No problem. I've made an indicator/EA that sends me your channel cross signals only via a VPS to my mobile and was hoping to use the TrendStrength indicator. I'll keep using CompRSISelect as it's good as well. Thanks
Why would you want to use specifically the TrendStrength indi? I mean the CompRSI one displays exactly the same value as TrendStrength, so it should have absolutely no impact on your ea?
  • #1,000
  • May 1, 2020 3:18am May 1, 2020 3:18am
Quoting shiva
{quote} Hi Laura, thank you for your generosity in sharing an awesome strategy. It rox! I am attaching a screenshot of a demo trade I took based on your system, please share your opinion of the accuracy of this whenever it is convenient for you. Thanks once again. {image}
Hi - thanks for the kind words

Trade looks good! You entered into an established trend and you entered while price was inside channel. Bravo.
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