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the key to the mint

  • #4,821
  • Mar 13, 2009 1:27am Mar 13, 2009 1:27am
ok
  • #4,822
  • Mar 13, 2009 4:07am Mar 13, 2009 4:07am
Quoting Lowen
Hey,
whats (not) goin on with the Mint system? Noone trading it anymore?
I'd be interested if harold and all still bet on this system, or if times have shown it's not profitable anymore? Where are all the interested traders in this thread?


EDIT: EURUSD not EURJPY !! sorry
Anyhow, I just entered my first demotrade and got -15 pips
- 1,5 % of my demoaccount...
Price went directly against me!


If I did anything wrong I'd be grateful if you could give me a hint. I see one thing, I went long but there's the Weekly R2.


Attachment ...
Hi

if you attach the zigzag indicator to your charts, maybe you would be able to pickup better 123 points as the lines turn.
Regards
  • #4,823
  • Mar 13, 2009 4:12am Mar 13, 2009 4:12am
Quoting Rastaman
Anyone know if a regular stochastic oscillator will work in place of the Dnapoli Stoch? Can't seem to get the Dnapli Stoch to show up in Build 221.

Thanks in advance

Rastaman,

The idea is that you utilize the same indicators that Harold has suggested. Otherwise, you are wasting your time. Other alternatives might seem just at time, but they will not hold up in the long run. There is absolutely no reason why DiNopoli should not work with the current build. I have attached the version I use.
Attached File(s)
File Type: ex4 StochasticDiNapoli.ex4   3 KB | 356 downloads
  • #4,824
  • Mar 13, 2009 5:13am Mar 13, 2009 5:13am
Quoting andrewb7
hi lowen,
i still trade this system successfully & others do as well as harold said it has all been said throughout this thread,it is an easy system to follow thanks to harold & his patience.but i know i look at thread everyday still
andrew
hi andrew/harold,
this is very nice to hear. I wish u do well
(i also wish this for myself - I will give it a try with H1 and 5Min both - and hope I can stay in and the stubborn market these days plays along for a long time, I'm a little bit afraid we might have changes comin')
L
  • #4,825
  • Mar 13, 2009 5:20am Mar 13, 2009 5:20am
Quoting howard
Hi

if you attach the zigzag indicator to your charts, maybe you would be able to pickup better 123 points as the lines turn.
hey howard, thx very much for the tip.
I'm just afraid it won't reveal most of the 1-2-3's? I found the determination of Harolds 1-2-3s very very discretionary and still dont understand why some have been chosen as 1-2-3s in his charts and others have not. I also found harold often did also not have a retrace directly before the 1-2-3?
In the beginning of this method, harold often had lots of candles between the 1-2-3 points. In later examples it's mostly just 1-5 candles inbetween.. I'm confused.

Just an example (with retrace before):
http://www.forexfactory.com/showpost...postcount=3992

another 3:
http://www.forexfactory.com/showpost...postcount=3932

Also, what do others think? Will the zigzag help me?
Lowen
  • #4,826
  • Mar 13, 2009 5:45am Mar 13, 2009 5:45am
Quoting Lowen
hey howard, thx very much for the tip.
I'm just afraid it won't reveal most of the 1-2-3's? I found the determination of Harolds 1-2-3s very very discretionary and still dont understand why some have been chosen as 1-2-3s in his charts and others have not. I also found harold often did also not have a retrace directly before the 1-2-3?
In the beginning of this method, harold often had lots of candles between the 1-2-3 points. In later examples it's mostly just 1-5 candles inbetween.. I'm confused.

Just an example (with retrace before):
http://www.forexfactory.com/showpost...postcount=3992...
hey lowen the zig zag will help spot the 1,2,3s.
they dont always happen at the end of a retrace, it would be nice if they did,but sometimes stochs could be o/b or o/s or rsi might not get there,
u really just have to patient & wait for setups,if u are looking to trade a system that u have lots of trades then maybe this is not for u,my theory behind it is if i got 1 correct trade per week that is 5% increase of my a/c per week which i think is good, 2 trades 10%,that compounded is plenty, for me anyway. as for harolds discretionary trading it is just as per his rules for this system, he is very patient thats y he is successful.when u often look back at charts there looks like there are setups but more often than not all 3 indicators arent right , so we dont trade.
it just takes practice & i m sure u will get it
Survive & Preserve
  • #4,827
  • Mar 13, 2009 7:24am Mar 13, 2009 7:24am
Quoting nnd_trader
Rastaman,

The idea is that you utilize the same indicators that Harold has suggested. Otherwise, you are wasting your time. Other alternatives might seem just at time, but they will not hold up in the long run. There is absolutely no reason why DiNopoli should not work with the current build. I have attached the version I use.

This version showed up no problem. Thanks

Is the RSI just a regular one or do I also need another version of it and are there any more indicators or settings for indicators which are non standard?
Starting to see instead of just looking.
  • #4,828
  • Mar 13, 2009 7:32am Mar 13, 2009 7:32am
A 123 just above major resistance (weekly r1 not seen on chart)
Attached Image (click to enlarge)
Click to Enlarge Name: chart04.gif Size: 27 KB
  • #4,829
  • Edited 9:48am Mar 13, 2009 8:05am | Edited 9:48am
Quoting Him
A 123 just above major resistance (weekly r1 not seen on chart)
Hi guys,
with Hims fine trade here, I just looked at the chart and do not understand how you chose that 1-2-3 and not the other one..

I guess both times the RSI was just short below 50 on entry. So normally no entry. But anyway, I would have chosen the 1st 1-2-3. What was wrong with that, what did lead u, him, to take the 2nd?

Can u guys train me?

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy_m5_20090313.png Size: 28 KB



thx, this thread is still doin'.
And I will take your advice andrew, many thanks for helping others.
Lowen
  • #4,830
  • Mar 13, 2009 9:50am Mar 13, 2009 9:50am
Quoting Lowen
Hi guys,
with Hims fine trade here, I just looked at the chart and do not understand how you chose that 1-2-3 and not the other one..

I guess both times the RSI was just short below 50 on entry. So normally no entry. But I would have chosen the 1st 1-2-3. What was wrong with that, what did lead u, him, to take the 2nd?

Can u train me?


Hey Lowen Harold would be in the best position to train as it is his technique!! But i can point out some things to the best of my knowledge. There is no point 3 in the part of the chart you marked also it did...
Hey Lowen Harold would be in the best position to train as it is his technique!! But i can point out some things to the best of my knowledge. There is no point 3 in the part of the chart you marked also it did not break above point 2 either. Hence no trade there. The reason why I took the other trade is because it is a clear 1-2-3 and it met all my criteria.. Good risk reward, trended down against the daily nicely. nice EMA cross, stochs crossed, just crossing the RSI 50 point, directly over a point of major suport ,weekly R1 and 200ma(an added bonus)...It's all about patience
  • #4,831
  • Mar 13, 2009 9:53am Mar 13, 2009 9:53am
Quoting Rastaman
This version showed up no problem. Thanks

Is the RSI just a regular one or do I also need another version of it and are there any more indicators or settings for indicators which are non standard?
hi rasta,
regular Relative Strength Index in default indicators, setting 13 on close.

EMA 5 is set to "close"
EMA 8 is set to "open"

diNapoli is important. don't use a default Stoch, it's kinda different.
  • #4,832
  • Mar 13, 2009 12:46pm Mar 13, 2009 12:46pm
Quoting Him
Hey Lowen Harold would be in the best position to train as it is his technique!! But i can point out some things to the best of my knowledge. There is no point 3 in the part of the chart you marked also it did not break above point 2 either. Hence no trade there. The reason why I took the other trade is because it is a clear 1-2-3 and it met all my criteria.. Good risk reward, trended down against the daily nicely. nice EMA cross, stochs crossed, just crossing the RSI 50 point, directly over a point of major suport ,weekly R1 and 200ma(an added...
hi him,
hm some things that I think about.
-why is my point 3 "no point"? Is this discretionary, or is there a rule that it is not valid? I've seen much worse looking legitimate 1-2-3 points in this thread
-well trade-enter did break point2 by 1 pip or so on ur chart maybe I'm wrong
- the rest of the facts also is true for my "1-2-3 setup" - Cross, stochs, weekly support, 200ma - well rsi not (and I understood that harold really really makes a strict line for that crosses)


I guess if I don't get it I will just learn it the hard way where to enter and where not
But I'm very glad for your hints like the ones we just discuss..This helps!

Lowen
  • #4,833
  • Mar 13, 2009 5:04pm Mar 13, 2009 5:04pm
thanks him for answering you to andrew by the way him how did you get so good at this in such a short time i also use the 200 and 60 ema to trade off of
  • #4,834
  • Mar 13, 2009 5:35pm Mar 13, 2009 5:35pm
hey him,
well done on ur trades 10 wins thats awesome,with that trade last nite did the rsi cross in time ,on my charts it didnt look like it would have, but i didnt see it live like u did.
i think with lowens first 1,2,3 he saw, it was a 1,2,3 as it made a point 2 but then the next candles low was 63,next candle low was 62,then next candle the low was 59 so that could be ur point 3, but again not sure if the rsi was above 50.
hope that makes sense
andrew
Survive & Preserve
  • #4,835
  • Mar 13, 2009 9:06pm Mar 13, 2009 9:06pm
Hi everybody, sorry my bad english.
I am a new member here and this is my first post, but I followed this thread from 1st post until now.

This system is my favourite, simple and profitable. I used it on live trading since three months ago (only EUR/USD).

Harold, what do you think if I will use this system on 1M TF for scalping?

Many thanks for your advice.
  • #4,836
  • Mar 13, 2009 9:58pm Mar 13, 2009 9:58pm
to many trades means to many potential losses
  • #4,837
  • Mar 15, 2009 5:13pm Mar 15, 2009 5:13pm
a new week for potential wins gbpusd still looking for shorts and eurusd and eurjpy looking for longs
  • #4,838
  • Mar 16, 2009 5:22am Mar 16, 2009 5:22am
Harold, thanks for your continued posts. Take care.

jht
  • #4,839
  • Mar 16, 2009 6:07am Mar 16, 2009 6:07am
Hey harold all I did was follow your instructions..... On these two charts-I would normally have preferred price to trend down a bit more (thats why I did not take the EJ)..Is the EJ a valid trade?

one more question since a retracement during a trend is sort of like a form of price divergence (a micro down trend in a macro down trend)....are 1-2-3 in these scanarios higher probability?? example- if price is trending down on the 5 min in sync with the downtrend on the daily and there's a minor retracement (up trend) and a 1-2-3 (as shown in the chart)....is that a higher probability trade then if the price was trending upwards on the 5 min against the daily and then a 1-2-3 occurs???

once again thanks for all ur help Harold
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: chart06.gif Size: 27 KB
  • #4,840
  • Mar 16, 2009 7:39am Mar 16, 2009 7:39am
Like u always say harold, patience pays.. More trades=more possibilities of a loss!! So i took my 3% for the day and vamoosed!!
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