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Triple A Method

  • #181
  • Aug 14, 2007 2:04pm Aug 14, 2007 2:04pm
Quoting tsidki
How do you use separate metatrader platforms do you
Install it in two different directories or you copy the directory
And rename it and make two shortcuts?
Firstly i used metatrader from metaquotes website then i installed interbankfx's metatrader.It automatically installs in a separate folder

Quote
You may know this, but IBFX has a short Sunday daily bar.

It shows one hour of Sunday data as a complete daily bar.

This will mess up your daily stochastic. It may not make that much difference, but it will be off.

Thanks for the info billbss.I didn't knew that.
I will monitor both the platforms and will select the better price signal.
  • #182
  • Aug 14, 2007 2:34pm Aug 14, 2007 2:34pm
Ahsan,

I just started looking at this system. It looks very good.

I saw one part of your instructions that I did not understand.

"4. If price starts to move in inverse direction of our trade rapidly after signal candle you should
enter position in multiples of 5 i.e. +5,+10,+15 and so on"

Does this mean to keep adding positions as price moves away from us?

One more question:

Do you trade a single lot on the reentries?
What PT do you use for reentries?

If you have already answered these questions, my apologies.

Thank you
  • #183
  • Aug 14, 2007 10:40pm Aug 14, 2007 10:40pm
Quote
"4. If price starts to move in inverse direction of our trade rapidly after signal candle you should
enter position in multiples of 5 i.e. +5,+10,+15 and so on"

Does this mean to keep adding positions as price moves away from us?
For example:
We have a signal to go long at 1.9900 (signal candle open price). Now if price starts to drop without moving a pip in our direction(above 1.9900 level) and fall straight to 1.9895 we should enter only 20% position there our next 80% position buy levels should be 1.9890,1.9885,1.9880,1.9875.
If you still dont understand what i am saying dont worry this is an optional rule you can ignore it.I myself dont follow this rule every time because it takes too much of your time and concentration.

Most of the time i enter a signal through the candlestick patterns on 15 min chart to get the best possible price.

Also remember your TP and SL levels should be set according to original signal price.In above example if we are lucky enough and get a buy price at 1.9880 our SL should not be below 1.9820.

Quote
One more question:

Do you trade a single lot on the reentries?
What PT do you use for reentries?
If you mean dosra and tesra signals as reentries i trade the same position size as i use for pehla signal.

Reentry signals are treated as separate signals so SL and TP levels are selected based upon their signal price.

As the no. of reentry signals increases potential for Final PT i.e +300 decreases so if we have more than 4 reentry signals i set my Final TP at +150.
  • #184
  • Aug 14, 2007 10:44pm Aug 14, 2007 10:44pm
Closed 20% position @ 1.9925 as according to my charts it is a rising trend line support level.
  • #185
  • Aug 14, 2007 11:40pm Aug 14, 2007 11:40pm
Closed another 20% @ 1.9900
  • #186
  • Aug 15, 2007 12:55am Aug 15, 2007 12:55am
closed another 60% at 1.9890

Current open position is
10% from 2.0150
40% from 2.0005

Will close all of the position at next candle close if it touches 1.9870
  • #187
  • Aug 15, 2007 2:29am Aug 15, 2007 2:29am
Ahsan,

Your money managment is verry good I'll study it better,
Nice job I hope you have more good Trades "insha Allah"
As you help more traders to be better.

Regards Tawfik.
  • #188
  • Aug 15, 2007 2:53am Aug 15, 2007 2:53am
Also If price went up through 9950 area i will close all my position
  • #189
  • Edited 3:12am Aug 15, 2007 2:56am | Edited 3:12am
I think there will be a Tesra signal in the next 5 min on interbank fx signal do
we take it?

Edit:

"Sorry it was a wrong call it's still bleu"
  • #190
  • Aug 15, 2007 3:22am Aug 15, 2007 3:22am
Assalam Alaikum Tawfik,

You should always keep in mind the slope and value of the oscillator bar when predicting a signal this will help you a lot.

According to my experience it is most probable that the next signal will be a long instead of a short.AC Oscillator will remain blue unless price break through the 1.9965 level.

Also if we again see some drop and the next signal is a tesra or dosra signal we should apply reverse trade strategy as price will be near the outer most vegas line and stochs are also in deeply oversold area.Stochs will probably cross up tomorrow.

So in both the cases next trade will be a long one.
  • #191
  • Aug 15, 2007 4:33am Aug 15, 2007 4:33am
Quoting Ahsan
Assalam Alaikum Tawfik,

You should always keep in mind the slope and value of the oscillator bar when predicting a signal this will help you a lot.

According to my experience it is most probable that the next signal will be a long instead of a short.AC Oscillator will remain blue unless price break through the 1.9965 level.

Also if we again see some drop and the next signal is a tesra or dosra signal we should apply reverse trade strategy as price will be near the outer most vegas line and stochs are also in deeply oversold area.Stochs will probably cross up tomorrow.

So in both the cases next trade will be a long one.

We alikom alsam Ahsan,

this was logicaly good according to Triple A Method and I agree with you the
next signal should be long but it will not be a full winner as to this
weekly chart of the eur/usd it had to make two more downtrend weeks as it
usualy after each uptrend period it counts 8 downtrend weeks bars
and till now we just have 5 downtrend weeks
see for your self and gbp/usd usauly follows the eur/usd
"I hope I'm right insha Allah" as I have verry bad trades on eur/usd still
opened as I was long term trader befor I find this nice method of yours
I hope I can close it for the price I can get

but in any case I will follow your method and your trades to be better in it
thanks again for your most kind help.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_weekly.jpg Size: 110 KB
  • #192
  • Aug 15, 2007 7:06am Aug 15, 2007 7:06am
Closed 40% position from 2.005 @ 1.9870
Will close the rest 10% from 2.0150 after the US news
  • #193
  • Aug 15, 2007 7:40am Aug 15, 2007 7:40am
Closed rest of open position @ 1.9885.

All of the shorts are closed now.Will wait for next signal to trade again.
For now i will b free to monitor charts for atleast tomorrow as no signal is nearby.
  • #194
  • Aug 16, 2007 12:40am Aug 16, 2007 12:40am
just want to check and make sure I am seeing a signal,
looks like 2nd bar, and a cross... am I on the right track?
Attached Image (click to enlarge)
Click to Enlarge Name: possible signal.jpg Size: 68 KB
  • #195
  • Edited 7:30am Aug 16, 2007 7:07am | Edited 7:30am
Quoting mcmep11
just want to check and make sure I am seeing a signal,
looks like 2nd bar, and a cross... am I on the right track?
The signal for MA cross is circle not arrow. Arrow appears when MACD cross.You should wait for the MA's to cross

Also your vegas tunnel looks quite strange to me .On both the platforms i am using price is below red vegas line while on yours price is way above the vegas line
  • #196
  • Aug 16, 2007 7:11am Aug 16, 2007 7:11am
Currently there is a Dosra Vegas Reverse Long Signal on Ibfx platform @ 1.9825
  • #197
  • Aug 16, 2007 7:27am Aug 16, 2007 7:27am
Quoting Ahsan
Currently there is a Dosra Vegas Reverse Long Signal on Ibfx platform @ 1.9825
What is required for a reverse signal?

I saw that mentioned in your manual, but I didn't see it defined.

Thanks
  • #198
  • Aug 16, 2007 7:40am Aug 16, 2007 7:40am
Quoting billbss
What is required for a reverse signal?

I saw that mentioned in your manual, but I didn't see it defined.

Thanks
There are two conditions in which we should trade in inverse direction of original signal

1.Stochastic Reverse Trade:-
If daily stochastic are moving against the original signal and are just leaving overbought-sold area (both the stoch lines should have visited overbought oversold area).
You can enter the trade in original direction if stochs again cross in our original signal direction the next day.

2.Vegas Reverse Trade:-
If entry price is outside from Blue or Red Vegas line or close enough to it that risk to reward ratio is unacceptable i.e. less than fifty pips target.
If signal’s entry price is more than 150 pips away from Vegas line than normal
conditions may apply.
  • #199
  • Aug 16, 2007 8:56am Aug 16, 2007 8:56am
Moved SL to 1.9790 on the long from 1.9825 so risk is reduced now

Will enter one more long at the opening of next candle according to platform using meta quotes data feed
  • #200
  • Aug 16, 2007 9:03am Aug 16, 2007 9:03am
Entered 50% more position at 1.9855

Will add rest at 1.9840 area
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