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  • #501
  • Feb 21, 2025 2:17pm Feb 21, 2025 2:17pm
Quoting turnip15
Well, a good session on the USA open on the SP500. But do you notice the indicator doesn't always go the same way as the price trend. My approach from the off was short but indicator showed long. It didn't effect how I trade but curious. Indicators indicate but the brain has to intercede - bad news for grail hunters Have I got the wrong indicator? Am I using it incorrectly ( if I was to rely on it more heavily) ? Is it likely the 5 minute time frame on indicies is not as effective as higher time frames on other instruments?...
Its a combination of many things.

1. I dont think you really understand the calculation of the StochRSI/Stoch and why it shows what it shows. I would advice you to read up on the Stoch calculation.
2. You are Trading an instrument that moves very impulsive (London and NY open). This is generally a great thing for Traders, but it can be tough for a "Dtosc Trader"
Why? go back to Nr.1 (I also started writing about it in this thread)
3. There is not really any Nr 3. You just dont understand the Indicator. Thats it.

Your Bias was short, you got a clean Short on the retrace. Thats a potential 7R Trade.
That would be enough for me. In fact I am pretty damn happy to have 7R gain for the Month.
You could have got it in 1 Trade trading your bias with the Dtosc Script.
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  • #502
  • Feb 22, 2025 2:13am Feb 22, 2025 2:13am
Quoting CogAlpha
{quote} Its a combination of many things. 1. I dont think you really understand the calculation of the StochRSI/Stoch and why it shows what it shows. I would advice you to read up on the Stoch calculation. 2. You are Trading an instrument that moves very impulsive (London and NY open). This is generally a great thing for Traders, but it can be tough for a "Dtosc Trader" Why? go back to Nr.1 (I also started writing about it in this thread) 3. There is not really any Nr 3. You just dont understand the Indicator. Thats it. Your Bias was short, you...
Excellent reply. I will take on board all you say. Thanks again Cog
every Saint has a past. Every Sinner has a Future
  • #503
  • Feb 22, 2025 2:54am Feb 22, 2025 2:54am
Quoting turnip15
Well, a good session on the USA open on the SP500. But do you notice the indicator doesn't always go the same way as the price trend. My approach from the off was short but indicator showed long. It didn't effect how I trade but curious. Indicators indicate but the brain has to intercede - bad news for grail hunters Have I got the wrong indicator? Am I using it incorrectly ( if I was to rely on it more heavily) ? Is it likely the 5 minute time frame on indicies is not as effective as higher time frames on other instruments?...
Hi T,
The way I use the indicator is the following.
I look at the overall trend, lets say down as per your chart.
I will enter a trade on a double top, a break of a rising ledge / flag, a close inside the upper band or a rejection candle etc.
Once I see the initial DTO cross inline with trend I ignore all other crosses.
You just need the initial cross then manage your trade.
Regards
Rob
Your trade order needs to be in the right place at the right time.
  • #504
  • Feb 22, 2025 3:01am Feb 22, 2025 3:01am
GBP/USD .... watching.. Daily Timeframe

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  • #505
  • Feb 22, 2025 3:03am Feb 22, 2025 3:03am
Weekends are great... for trying things out.

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  • #506
  • Feb 22, 2025 3:48am Feb 22, 2025 3:48am
Quoting turnip15
Well, a good session on the USA open on the SP500. But do you notice the indicator doesn't always go the same way as the price trend. My approach from the off was short but indicator showed long. It didn't effect how I trade but curious. Indicators indicate but the brain has to intercede - bad news for grail hunters Have I got the wrong indicator? Am I using it incorrectly ( if I was to rely on it more heavily) ? Is it likely the 5 minute time frame on indicies is not as effective as higher time frames on other instruments?...
that is an absolutely correct observation, which i have also made.however, i have hardly any experience with indices, the movements are quite different from the currency pairs, especially GU.

i'll spend the next few days trying to figure out when to use the m15 and when it's better to use the m5.
trading is like dancing, don't think and just listen to the music!
  • #507
  • Feb 22, 2025 3:51am Feb 22, 2025 3:51am
Quoting turnip15
Well, a good session on the USA open on the SP500. But do you notice the indicator doesn't always go the same way as the price trend. My approach from the off was short but indicator showed long. It didn't effect how I trade but curious. Indicators indicate but the brain has to intercede - bad news for grail hunters Have I got the wrong indicator? Am I using it incorrectly ( if I was to rely on it more heavily) ? Is it likely the 5 minute time frame on indicies is not as effective as higher time frames on other instruments?...
Thanks for your charts Turnip. I trade the SPY too. Question: Do you or anyone here know why SPY sold off all day friday? Just a correction, or poor earnings reports for some of the big stocks? great weekend to all. Thanks.
'Fail to plan, plan to fail'
  • #508
  • Feb 22, 2025 3:59am Feb 22, 2025 3:59am
Quoting turnip15
Well, a good session on the USA open on the SP500. But do you notice the indicator doesn't always go the same way as the price trend. My approach from the off was short but indicator showed long. It didn't effect how I trade but curious. Indicators indicate but the brain has to intercede - bad news for grail hunters Have I got the wrong indicator? Am I using it incorrectly ( if I was to rely on it more heavily) ? Is it likely the 5 minute time frame on indicies is not as effective as higher time frames on other instruments?...
I would read Robert Miners High probability trading strategies, because it details in there why

The Indicator works of EVERY market, EVERY time-frame

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  • #509
  • Feb 22, 2025 6:07am Feb 22, 2025 6:07am
Let me show you the big picture stuff - We are ALL trading this Indicator in a similar fashion - I just apply a different set of analysis to my work than you guys using the MAC, but the overall PRINCIPLE is the same - we are all trying to catch REVERSALS of price action

DAILY TIME-FRAME

SP500 Index - You use it with the reversal of the Indicator, time counts/cycles, price levels, trend lines or gann angles etc -


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You can even use it on MONTHLY Time-frames - Every time that DTosc heads below 30% you will have some sort of corrective or bear market low forming - some of them will be minor reversals, but most of them will be significant turning points depending on the4 market cycle in play at the time of the reversal

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As I've previously stated - The markets are NOT random, they move in price cycle swings from ticks, 1 min, 5 min, hourly, daily, weekly, monthly etc etc - properly set Indicators FOLLOW those price cycle swings and as this Indicator syncs nicely with those price cycle swings, you can catch them at turning points - The Indicator works BEST following the direction of the price action cycle, so that would be an area to learn up on - so when that MONTHLY Indicator is sub 30%, the reversal move will be starting (when it starts) on the LOWER time frames to drive prices upwards etc

I wish you all the best and as much success as I've had from this Indicator over the years - "and they tell you, you can't trade successfully with Indicators lol"
  • #510
  • Edited 9:48am Feb 22, 2025 8:52am | Edited 9:48am
Hello Colleagues!
Work topic. I'll put in my 2 cents. In the book by A. Almazov "Fractal Theory. How to Change Your View of the Markets" an example of trading with the MA channel is described. There are differences from the Islandfx911 channel: MA Period: 8, method: Linear Weighted.

I decided to check how effective trading with one channel is, without using other indicators.
The testing options were different, but I'll take the option from Islandfx911: returning the price to the channel.

Channel MA8, SMA.
The first additional filter will be the channel width: for XU m5 I took the minimum channel from 250 pips.
Second filter: Opening of a candle in the channel at the channel border.
The report shows that the MA channel without indicators can be profitable.
Good luck!


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Wherever you go, there you are (Jon Kabat-Zinn)
  • #511
  • Feb 22, 2025 9:17am Feb 22, 2025 9:17am
Quoting Genry_05
Hello Colleagues! Work topic. I'll put in my 2 cents. In the book by A. Almazov "Fractal Theory. How to Change Your View of the Markets" an example of trading with the MA channel is described. There are differences from the Islandfx911 channel: MA Period: 8, method: Linear Weighted. I decided to check how effective trading with one channel is, without using other indicators. The testing options were different, but I'll take the option from Islandfx911: returning the price to the channel. Channel MA8, SMA. The first additional filter will be the...
Thanks for posting, Genry.
Could you clarify this: "The first additional filter will be the channel width: for XU m5 I took the minimum channel from 250 pips."
Thanks
  • #512
  • Feb 22, 2025 9:30am Feb 22, 2025 9:30am
P.S.
Sometimes I use methods that are worthy of condemnation: I do not use SL and I average early entries. I do not recommend going this way if you do not fully understand the risk to the deposit.
The same chart, but with averaging.
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Wherever you go, there you are (Jon Kabat-Zinn)
  • #513
  • Feb 22, 2025 9:43am Feb 22, 2025 9:43am
Quoting MidnightRun
{quote} Thanks for posting, Genry. Could you clarify this: "The first additional filter will be the channel width: for XU m5 I took the minimum channel from 250 pips." Thanks
The width of the channel between the MA high and MA low lines is not less than 255 points.
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Wherever you go, there you are (Jon Kabat-Zinn)
  • #514
  • Feb 22, 2025 10:48am Feb 22, 2025 10:48am
Quoting Genry_05
Hello Colleagues! Work topic. I'll put in my 2 cents. In the book by A. Almazov "Fractal Theory. How to Change Your View of the Markets" an example of trading with the MA channel is described. There are differences from the Islandfx911 channel: MA Period: 8, method: Linear Weighted. I decided to check how effective trading with one channel is, without using other indicators. The testing options were different, but I'll take the option from Islandfx911: returning the price to the channel. Channel MA8, SMA. The first additional filter will be the...
No stop loss systems can look profitable in an anectodal batch of trades, but will never work with real capital in the long haul.
  • #515
  • Feb 22, 2025 11:54am Feb 22, 2025 11:54am
Quoting MachineLearn
{quote} No stop loss systems can look profitable in an anectodal batch of trades, but will never work with real capital in the long haul.
I share your opinion and warned about it right away.
Quoting Genry_05
P.S. Sometimes I use methods that are worthy of condemnation: I do not use SL and I average early entries. I do not recommend going this way if you do not fully understand the risk to the deposit.
Wherever you go, there you are (Jon Kabat-Zinn)
  • #516
  • Edited 7:34pm Feb 22, 2025 6:17pm | Edited 7:34pm
This is an enthusiastic thread. Thanks Rob and crew for all your interesting, informative posts. Rob, I'm in Oz too so am keen to follow your system in my waking hours. Your demeanor reminds me of the great Eelfranz from Trading made simple thread many years ago, who like you was a generous, straightforward fellow.

Trying this out next week on M15 as prescribed. I see some false signals on the indy, but when i look closer it's often a poor unconvincing bar/candle signal, (e.g i'll look for an engulfing candle with trend) so due diligence and a glance at market structure and where you are on the chart will be helpful. L8tr g8trs.
'Fail to plan, plan to fail'
  • #517
  • Feb 22, 2025 7:28pm Feb 22, 2025 7:28pm
ES mini M15. (S&P 500). Is my chart close? Cog, i found the indicator on trading view and it seems to be close to yours, or isn't it? Appreciate the work you do. Chart attached. Time for some backtesting. Thanks.
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'Fail to plan, plan to fail'
  • #518
  • Feb 22, 2025 8:04pm Feb 22, 2025 8:04pm
Quoting Guitarbloke
ES mini M15. (S&P 500). Is my chart close? Cog, i found the indicator on trading view and it seems to be close to yours, or isn't it? Appreciate the work you do. Chart attached. Time for some backtesting. Thanks. {image}
Quoting Guitarbloke
This is an enthusiastic thread. Thanks Rob and crew for all your interesting, informative posts. Rob, I'm in Oz too so am keen to follow your system in my waking hours. Your demeanor reminds me of the great Eelfranz from Trading made simple thread many years ago, who like you was a generous, straightforward fellow. Trying this out next week on M15 as prescribed. I see some false signals on the indy, but when i look closer it's often a poor unconvincing bar/candle signal, (e.g i'll look for an engulfing candle with trend) so due diligence...
@Guitarbloke

Go to the 10-minute chart and mark the Chicago 9:30am 10-minute candle high-low.

Like @eelfranz said back in 2010, you do not need any indicators when you have mastered the 5-Method. Follow simple rules for entries and exits.


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #519
  • Feb 22, 2025 8:19pm Feb 22, 2025 8:19pm
Upcoming week: Oil futures (CL). In overall downtrend. Double bottom has formed on D1 which can often mean upside move. M15 showing overbought so possible further pullback before sell signal on M15 Dtoc (see chart). D1 Dtoc showing possible more downside. H4 Dtoc at oversold and possibly turning upwards monday (see chart). Watching closely this week.
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'Fail to plan, plan to fail'
  • #520
  • Feb 22, 2025 8:30pm Feb 22, 2025 8:30pm
Quoting emmanuel7788
{quote} {quote} @Guitarbloke Go to the 10-minute chart and mark the Chicago 9:30am 10-minute candle high-low. Like @eelfranz said back in 2010, you do not need any indicators when you have mastered the 5-Method. Follow simple rules for entries and exits. ...
Appreciate that my friend. That strategy has merit. We can chat more about the 5 method over on that thread. Thanks.
'Fail to plan, plan to fail'
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