LOHAD Scalping system looking for V2.0

No Problem Mr Benn,

Please let me know if you have any questions.

Good Trading!

Lohad

Well another under-achieving day. I ended up in the positive, but still left way too many pips on the table. You will be seeing my focus increasing on my exits. I made a 11 trades on Wednesday and I went 10-1, yet the pip count was minimal. And my loss was only -4. This tells me again that my entries are spot on, but my trade management is something that is lacking. Well we will keep on keeping on.

Wednesday Total: 24 Pips
Weekly Total: 39 Pips

Have a good one and happy trading!

Lohad

I will not be trading tomorrow. Actually going to try to sleep in a little. Tomorrow is Moving Day!!! If I do not get on here tomorrow, I will update when I will be back, may take a day or two to get set up with my new ISP provider.

Thanks Lohad

finally did it.
am taking a course from FXCM. Power Course.
So many cheaters out there I have avoided signing on to anything that asks for tuition. But this is really helping me focus. And very inexpensive. I think $29. Actually they are offering it free for account holders. Already have working knowledge of indicators, basic trading techniques, money management etc. But somehow this course is helping me to focus and synergize.
Good luck to all.
Granny (jiva34)

Hi Lohad, congrats on your system it looks very pretty I wanna try it.
I just started reading rules, but I don't see where you use Bollinger Bands that you have on price chart itself? do you use them at all?
And lso could you tell which pairs do you trade personally and which hours?

thanks!
Sergey

Hi All,
I think Lohad has his hands full trying to setup new server. Never a fun deal.

Here is a thought on how to use the BB's for quick CT trade. 50sma has not been breached so it needs to be viewed as a quick in and out.
If trade goes against you 5-7 pips or so then kill the trade for sure.

PA fades away from upper BB and breaks the MaxNonLag.
Trade was taken when the price broke below bottom last local high candle. Below top purple arrow.
Trade concluded with +8 pips after spread and bounce at MaxNonLag.

The 5TF and 15TF are both in up trend. So, don't ask for more than the PA can give. Notice market bounces up after I closed trade.
I actually hit TP at +6 pips but FXDD did not close the trade when I hit the mouse button. I normally try for 1-3 pips with this type of trade.

Hope this helps anyone having questions on implementing this great method.

Cliff

thanks for the tips cce. going to try it.

Thanks for checking out the system Sergey! I hope you find it profitable. Please feel free to ask any questions. Sorry for the delay in my response. I just completed moving.

Thanks,

Lohad

Sergey. Sorry for not answering your questions. I use BBands merely for S/R and to show when price is consolodating.

I trade EU almost 100% of the time. I trade the London session and som of the NY session.

Thanks,

Lohad

Nice Explanation of a CT trade CCE!. The picture explains it all! Man I am glad to be back!

Thanks!
Lohad

Well as it seems this thread is dying off, I am not sure I am posting this to myself, but here goes.

After some important conversations, with my trading partner, it has become apparent that I need to scale back on the duties required on this thread and the chat room. The need to re-focus on trading has become apparent.

Because of the friends I have met through doing this and the fun of troubleshooting systems and just the trading conversations in general I am not going to completely walk away from this thread and chat. What is going to change is that I will mostly be non-existent in the chat room while I am "on the clock". I will still post my results and templates that I am working on and I will help answer questions on this thread while I am, again "off the clock".

This has been fun for me and trading talk is always one of my favorite things to do, but my trading partner and I depend on this to make a living and it is obvious that I need to focus on this. So those of you still following this, you can still expect to see my daily results and developments on this system. If you have any questions, you can always post here, see me in the chat (mainly around noon or 2:00PM CST) or you can always e-mail me.

I hope you have found this system profitable or that you were able to take pieces of this system to enhance your own. I hope I was able to help atleast a few in this dirty little battle that Forex can be.

Regards,

Lohad

Hi: I have been reading your thread.

I try t daily read a thread, I don't work. Have too much time.

Mostly, for years, have spun around with this.

I have learned a lot though.

My family trades, and one member made 57,000 pips in pennies over the last several month. She is a teacher and only has a few hours in the evening to monitor her charts and put her trades in. There is something here in what she does, no contest there. She has an International Business Degree, so has an awareness of the world money at large. I have been the brains and trade.....

Here goes: We have used the AC and AO, and that the macd can maybe replace these. Sometimes too much clutter.

Use a ZZ to see the progression of the waves. No contest, if the wave is up,or long,or whatever you want to call it, you will have up to 3 waves up and two pullback. If the wave is down you will have two waves down and one pullback. If you cannot get this you will always loose your money after you make it. You will make it in the uptrend and losse it in the downtrend or vise vera, Depends where you get in, up or down . It is the march of the market, the channels are link between these to moves,beginnning or advancing.

We use PSAR at .05 and .4, Slope v2 with Damoni Non Lag and Gann ZZ on price. I use Pivot Lines. These are on price.

AO, AC, for indicators. When the AO changes over the O line, the wave on whatever advance in the market march is changing. If yo have been in an uptrend the AO changing below the o, then know you are in a pullback. AC should be used to who you when the price is going with the major trend of the move in the direction of what the AO is positioned.

Getting in is not a problem. Take the trend from the Daily WAVE

Ok, here is really the money: The money is made on the advancement of the wave, and as the march goes up or down the pivots. The daily candle shows you if it closes over the pivot line and the indicators are up you can probably go to the 4h or 1h charts at get it in that direction with a trade of the five, just make it match.

To make moneuy in the market, you must Capture it. Tis market moves around a lot but it goes just exactly where is is programmed to go.

You have to put orders in that go with the trend before it goes. If you wait until after all the indicators for entry and exit line up, then it is too late and it is turning around. The flip over the on AO tells you the big moves are coming with the PSAR oon the daily.

We put 5 separate orders, go in with five at the same price.

Look at the ATR, if it is 35, Go with exits of 5 for the first order and ten for the second etc.

Make sure you have an EA the puts or you put a BE on all of the orders at the same time to start on the first order filled. THe Brokers want you to concentrate on the entrance when you should rally look at the exit.s , if the entry is the answer. It is the answer for the broker. The answer is in the exit for us.

We have got all the parts of this. Now only we could get a simple entry bast on maybe PSAR and MACD at 5-34-5.

and get the exit programmed so we could code it for the atr of the chart. So you could change the profits for each order easily.

Just rambling. Good Luck

Hi SusanD,

Thanks for the ideas, I will re-read your post and check these out.

I am thinking about putting out here on the thread what I have been working on that is Lohad related. I am quite pleased with it the early results. But not enough forward testing to be sure that the early results are not a fluke but an actual sample of expected results.

If I feel that what I am working on is an improvement I will post. Just not sure if this system has died in the realm of FF.

I will check out your tips! Thanks SusanD

Lohad

why dont u paste a picture on your trading method susand.maybe we all can try to benefit from it.

Hey guys,

I have made some significant adaptations to the LOHAD system.

I know I have been absent from the thread and the chat room lately and the system has seemed to die off. Some of this has been by design. Maintaining the thread and chat room responsibilities had become a deterrent to my trading. Also, I had some contracts that I am currently working on for my other business that has taken time away from my trading.

Also, I felt that there was a need for some adaptation to the system as a result from all of the feedback I have received from everyone else.

So in the last month, I have come up with a modified system that is LOHAD based. I feel the the results are very good. I have tried many things in this time and I feel I am 90% percent of the way there to cleaning this up, for I do not feel this is a clean enough version for release. What I currently have is a system that has 3 indicator windows and I am looking to get down to 2 indicators.

What I am looking for is help from people that have traded the LOHAD system before. I think there is some knowledge needed of the previous system to help give input with the focus of cleaning this system up.

If any of you LOHAD traders are still out there, I am looking for a certain amount of people that would be interested in looking into this. I do not want to put this out to the thread yet until I have had some input from people who have traded this system before.

The direction I took this thread was completely wrong and really became a big task in maintaning with all of the different versions I put on there.

I am looking to keep this maintained and focused on what I have put together now. If you are interested in looking into this, and have had past experiance with this system, please send me a PM and we can discuss about getting you set up.

Once I (and this future group) have a cleaned up release, I will put it out the thread and hopefully I will have a few more people to help maintain the thread and chat room with me.

Thanks for your time guys!

Lohad

just let me know if i can help lohad. i been in and out of chat but no one ever there

missed the posts.
have been experimenting with the system.
especially like the "fence"
and find the "brain tend" signals useful.
I like to use the macd (21,100,9) to identify major trend shifts by comparing different time frames.
not so excited about bb macd tho...
Have tried using it but like the macd (21,100,9) better.
wish there were a way to develop an ea that could compare over different time frames. would certainly add a dimension to analysis...

XBweNX,

Yes I would like to send to you what I am looking into, if you are interested. I will have documentation and the template to you by this weekend.

Thanks for you interest. I like the changes you made to the previous system!

Lohad

Yes Jiva,

MTF indi would be helpful. I have changed how I use the BBMacd quite significantly. If you would like to take a look let me know I can send to you. Maybe you can point out some tips on the the way you are using the MACD,

Thanks,

Lohad

Hi,
Of course I would like to see what the modifications are.
Have been working on exit strategy also. I know the tendency is not to want to give back any gains and so exiting the trade before gets a chance to run. I am seeing how to enter with 2 positions, exit 1 when that fear of giving it all back gets to be too much even though I have targets and am fairly confident the targets will be reached.
I put in a stop at break even, and let the 2nd position run.
At that point the 2nd position is a "free trade". Nothing to lose, keep moving the stop up checking for psar on different time frames.
Am working on this.
I try using a demo account but my concentrations isn't the same as live trading. So I am using a penny account with FXCM. So far I get a good gain, double or triple my investment but then I mess up and it falls back to where I started. This has happened 4 or 5 times now. The significance of the psychology of trading cannot be underestimated.
MACD (21,100,9) is useful over mtf. For instance if the fast line is crossing the slow line well below the 0 line on a 1 min chart and crossing the 0 line coming from above the 0 line on the 5 min, then the move on the 1 min is just a minor rebound, the 5 min down trend is dominant.
The higher time frame is always dominant.
If 2 or more time frames agree, then it's a strong move and can be measured on the highest time frame that is in agreement....
Whipsaws on lower time frames can be disregarded without panicking...
I am using mostly the 5min and 1 min. But I check in on 15 and 30 etc...
Jiva34...