is a nyone out there using this system?
if so is it working for you?
Nipper
- #26
- Feb 23, 2007 1:00pm Feb 23, 2007 1:00pm
I like this trading method you've developed. Reading your return rate is impressive also. I see where you can get caught in cerntain markets. Markets such as the cable during prime trading hours. Fast movement will blow through channels. I have some suggestions that may help or not. But I would like for you to apply it to your method and tell me the results in a PM. I like the fact that you are using candles. But those candles are not as accurate as the Haiken-Ashi (Jap.) candlesticks. The use of the sar is sublime. Neverever trade against the sar. The sar is the trendline the market draws. Wait for the sar to crash into the priceline for a reversal. Happens 9 out of 10. You can use the Directional Movement Index to let you know when price is trending and the bollinger bands(20,2 Exp.) to contain the price and plot its impending direction. The only flaw I see in your method is how you are getting your s/r. We know trendlines form s/r, however, the banks, countries, and commercial traders are alll using the same s/r lines. And they are drawn on a horizontal axis. I would really like to here the results of this test. And if you have any questions about any of the indicators and how to plot them, just ask. 
A. Finesse Williams
Making Millions One Pip At A Time!
- #27
- Feb 23, 2007 1:03pm Feb 23, 2007 1:03pm
Do you see the macd negative divergence the signaled the down trend? 
Attachment
2 arrows show the closes
1st. it broke back down on the daily channel south so I would close
- if it had simply bounce off the channel & gone south I would close
2nd. the 18wma crossed the 28wma south so I would close
- if the 2 lines had become one line I would close
other wise I like to let it ride
A. Finesse Williams
Making Millions One Pip At A Time!
- #28
- Feb 23, 2007 2:05pm Feb 23, 2007 2:05pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Do you see the macd negative divergence the signaled the down trend?
I did keep eye on it - I always do -I use the MACDH not the the macd as some do
but the arrows show where
the 1st the breaks back under the 3 hour( I think) channel
the 2nd arrow is a simple cross of the 18 under the 28 wma
- #29
- Edited 2:53pm Feb 23, 2007 2:10pm | Edited 2:53pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
I like this trading method you've developed. Reading your return rate is impressive also. I see where you can get caught in cerntain markets. Markets such as the cable during prime trading hours. Fast movement will blow through channels. I have some suggestions that may help or not. But I would like for you to apply it to your method and tell me the results in a PM. I like the fact that you are using candles. But those candles are not as accurate as the Haiken-Ashi (Jap.) candlesticks. The use of the sar is sublime. Neverever trade against the sar. The sar is the trendline the market draws. Wait for the sar to crash into the priceline for a reversal. Happens 9 out of 10. You can use the Directional Movement Index to let you know when price is trending and the bollinger bands(20,2 Exp.) to contain the price and plot its impending direction. The only flaw I see in your method is how you are getting your s/r. We know trendlines form s/r, however, the banks, countries, and commercial traders are alll using the same s/r lines. And they are drawn on a horizontal axis. I would really like to here the results of this test. And if you have any questions about any of the indicators and how to plot them, just ask.
lots of good stuff here over the last year I am trying to make thing simple
I love the BBands - I found the DMI system to slow - the haiken ashi are a great system - i played with then a few years ago but I could never figure were the true price was - drove me nuts
( My wife say its a short drive)
the horizonal axis not sure what that is? what is in infact
I love the sar - use the as a buy sell sign
if you want to really use them drop down one time frame!!! from the time frame you are trading on
& use them that way - and you are right never trade againthe little guys - esp on the 15 min chart
thanks
- #30
- Feb 23, 2007 10:06pm Feb 23, 2007 10:06pm
The BBands will tell of retracements or reversals, the DMI is a lagging indicator as most indicators, but the ADX climbs with the trend, the hieken-ashi is a leading indicator. You need to learn what the signals mean that the candles always give. The horizontal axis is a straight line drawn over time. The s/r points on the day to the 30 min charts are significant prices. These are the prices the big boys are doing their profit taking and reversals on. I totally agree with simplicity. It is how I trade. Predicting market direction is a science of knowing what moves the market and how to see this movement as its happening.
lots of good stuff here over the last year I am trying to make thing simple
I love the BBands - I found the DMI system to slow - the haiken ashi are a great system - i played with then a few years ago but I could never figure were the true price was - drove me nuts
( My wife say its a short drive)
the horizonal axis not sure what that is? what is in infact
I love the sar - use the as a buy sell sign
if you want to really use them drop down one time frame!!! from the time frame you are trading on
& use them that way - and you are right never trade againthe little guys - esp on the 15 min chart
thanks
A. Finesse Williams
Making Millions One Pip At A Time!
- #32
- Edited Feb 25, 2007 6:28am Feb 24, 2007 6:33pm | Edited Feb 25, 2007 6:28am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
new trades from last week
day chart
black arrow is day trend starting point
the sign is a simple crossing of the 5/6wma (bull candle as well!!)
notice the sars & the macd are in play as well to buy long
very strong sign!
move to 4 hour
day chart
black arrow is day trend starting point
the sign is a simple crossing of the 5/6wma (bull candle as well!!)
notice the sars & the macd are in play as well to buy long
very strong sign!
move to 4 hour
- #33
- Edited Feb 25, 2007 6:29am Feb 24, 2007 6:39pm | Edited Feb 25, 2007 6:29am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
1st. arrow is the black arrow and is from day chart -
& its a buy long sign - up- as we saw on the day chart
so we are only looking to go long
now here on the 4 hour chart
again the sign is a simple 5/6 wma cross
2nd, 4th, 6th arrows are blue arrow and are buy sign (again with bull candles)
3rd & 5th arrows are red arrows and are stay out of market sign- or sell signs
now we move to 30 min chart
- #34
- Edited Feb 25, 2007 6:32am Feb 24, 2007 6:44pm | Edited Feb 25, 2007 6:32am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
the 1st arrow is blue & it is from the 4 buy chart to buy long signs
the last arrow is red & it is from the 4 hour chart to sell or stay out of the market
the 2-5 arrow are purple and are buy sign- long
1st purple arrow - is the cross of 5/6 - good sign
2nd sars and macd give buy (5/6 has already crossed) - better sign
3rd purple arrow - is both 5/6 cross & sar & the macd give a buy sign - best sign
exit
1. Exit with a cross of the 18/28wma cross -down
2. move back to the 4 hour & wait for a sell on it ( I did on this case)
3. look for a change of trend on the macdh -
this sign is not so strong on the 30 min chart and I would not use it- I would keep an eye on it
this sign is very strong on the 4 hour but likely to slow
I like to luse this sign on the 1 hour
rmoney in the bank
- #36
- Feb 27, 2007 5:26am Feb 27, 2007 5:26am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
arrows in
X out of both
- #39
- Last Post: Feb 27, 2007 12:44pm Feb 27, 2007 12:44pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
the X close both trades
I am done for the day
I am done for the day