what laguerre settings work best on the 1 min charts? I am having difficulty finding set ups with .8 and .6
-Ian
-Ian
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Dislikedwhat laguerre settings work best on the 1 min charts? I am having difficulty finding set ups with .8 and .6
-IanIgnored
DislikedHi Imran.
I don't want to sound negative, I sincerely want to learn how to succeed with this system, but until now have very little success. I have been trading with this system for two months, 142 trades at time of writing, but my winning rate is only around 50%.
These are some of the setups that confuse me:
1. When the setup as per your rules is there but counter trend, what to do? I try to follow your rules, but many times the setups don't work out. At 25pips S/L, it is not uncommon for me to get taken out 4 times or more before the setup really turn into a profitable trade, 100 pips or more. So you see, if i lost 4 times before I win, my winning rate is only around 50%
2. I can never tell when a setup is turning into a reversal or a retracement. I remember you said something about when emas can act as support or resistance, becoming a strong level to buy in an uptrend and sell in a downtrend. In a downtrend, when blu lag is on top while red lag is at bottom, I short - because many times they are retracements. I usually can get 10-15 pips a trade, but when price reverse, I lose 25 pips a trade.
3. Even when the setup as per your rules is there and not counter trend, I still get taken out often when there is big retracement, before price eventually move in my direction.
4. I also notice that sometimes price can make a big move when lags are not flat on top or bottom. How to anticipate?
I have been following this thread for sometime, and I know that many traders have benefited from this great system. So I am eager to learn how to trade successfully with this system. Any comments would be greatly appreciated
Thank you.
DanielIgnored
Dislikedhi are there any other indicators i can use instead of the lags i cant import the templated and my platform doesnt have those indicators any suggestions my platform is cmc markets thanksIgnored
DislikedSome rules I might not have followed (so use with care). I do use 200-EMA sometimes, but only as a potential target. I am also looking at 1M and 15M charts for more chances.
chandraIgnored
DislikedHi Chandra,
From your last posted chart, it seems like you use just the lags and trendlines without StochHisto and MACD. It certainly makes the chart easier to read with the larger lag window.
Has your success rate been just as good without using StoH and MACD?
Thanks.Ignored
DislikedSince I wait until the price breaks from the signal bars range, these indicators do not seem to have any effect. ................(also mini-trendline break).
chandraIgnored
QuoteDislikedOriginally Posted by achandrasekaran99 http://www.forexfactory.com/images/buttons/viewpost.gif
Since I wait until the price breaks from the signal bars range, these indicators do not seem to have any effect. ................(also mini-trendline break).
chandra
Chandra,
Could you please post a few chart examples of what you mean? It would be greatly appreciated.
Thanks
Bruce