Time frame and Enter/Exit, Time frame and S/L, T/P relationships.

SHI is REALLY Smart, My M1 chart gives me the immediate current direction that responds quite well, gives a good likely range indicator to, although tops and bottoms as you've quoted can't be just trades without further evidence it's pretty damn close to being able to over the last 2hours.

I know the direction, how else do you think i've been counter trend trading so well recently

Got it HELL NO, but I can use the SHI very nicely with my current system.

The Repaint will put most people off, but it's just a constantly updating previous direction, which is all we can do look at the previous direction and hope thats got some more legs in it.

My own system is working pretty damn perfectly here to, hence my lack of interest in yours, but backs up my system so it's all good


I'll say again, my issue is not SYSTEM based, it's ME based trading Stupidly off system, the 23 wins I tried VERY hard to trade my system and it worked without failing, only 2 of them moved to a loss I think it was, but as was in the general trend I got lucky they got back to positive, so didn't have to deal with my ARRGGGHHHHHHH it's going against me issue really, if I could learn to close a trade once the AARGGGHHH Kicks in, rather than worry I might miss a up move I'd be RICH already!!

Yep £25 for a name change here

Still don't understand these dots your going on about but hey this will do!!

THANKS!!! OWE YOU A BLONDE MATE!! Just name the dress and breast size you require

Shi Modified, 2 outter lines only, both dotted and white less clutter.

Ohhh and thats 1 , 2 , 3 thingy your on about I found the Barry indicator so I think I understand your method, trade on the 3rd DOT being draw, that really is too much and too scalpy for me though.


So you do this with a speach recognition thingy, only played with them, surprised.

I type quick as if I'm speaking, hence my weird use of language.

we have a much improved channel which uses the H4 for main trend and then allows you to also have the timeframe channel of your choice additionally, so you can see how it is moving within the main channel. Can set the main to any you wish and add any other timeframe channel within it.

if you notice the support and resistance points, you could actually set all your trades at once and walk away, OR trade from support to resistance and back again.l

the channel is ONLY for trend, along with the DSS crosses, but i also use a macd at 6/13/9 with 5 moving averages for x-overs. you go on the first x-over which is the 2/5 and if you were a longer range trader, follow the progress of the macd and the other x0vers to go to the FINAL tp point in a timeframe which is always the bollinger.

if you watch the price progress between support and resistance on the chart, you will grow to love this thing --- dont even have to look at candles or anything else, just support and resistance and play from one to another, although i rarely go counter trend when scalping unless its the correct time of day (certain times produce larger retraces, which definitely will cover spread and make large profits.

while you may be marvelous as long as you know which direction youre heading in, think this may just help a bit --- have it open next to your regular charts and take a fair look.

mp

Well, you definately have a interesting take on trading I thought I was original in my system / thinking but you've got me beat.

The Key is trading with the trend, then if your alittle bit off then the odds are it'll still come out okay, if you trade against then your odds are LOW!!!

Shi gets confused and stops working at times I see, much like myself.

Well it gives me a price based direction with a channel to use aswell which is nice.

Still prefer candles, I don't read candles don't worry but it helps spot the classic SL hit and reverse which is good for tops and bottoms.

Ohhh got a mate who also using the Shi Channel True but never told me, he's written his own Indicator some Curvy line thing, he rates highly he should send over soon, I'll assess and send you a copy if it's any good.

true on the trend --- make a mistake and the sucker STILL comes home and loves you

guess thats why there be a bunch of us

have an even nicer channel for you, as i stated --- shows 2 channels -- the main one and whatever timeframe youre trading WITHIN the main channel, giving you a really good pix of whats happening

understand that while the channel can be used as a trading method and is often, its MORE a simple method to see exactly what and where the price is, which is worth its weight in gold

for instance, it can show beautifully whether a price is moving ACROSS a trending 15 min channel, which gives you the exact point to exit and then take the opposite bounce, continuation or breakout --- whichever it may be, but you are WARNED before hand that SOMETHING will happen, so NO surprises !

I've got a pretty good channel, M1 BB 240,3 works great, but use it at Asian open time or something like that, where a trend wips up a storm and unless you get outta harms way your doomed.

But do share yours ofcourse.

Tis ALL ABOUT fighting down hill, try fighting up hill and DOOMED!!

The issue is Greed takes over and those counter trades that appear all the time look so tempting to make a few bucks, but normally cost alot more


LIFE!!

i have a simple credo during those times --- NO COUNTER TRADES !

ok, so its a good rule, and someday im gonna actually remember to do that !

often its only the goddess of forex that takes mercy on my soul, allowing me to breathe once more during those times

Yep got to drill it into myself to, it's so easy to try to pick a bottom

The 23 profits, was ALL FORCED, literally had to force myself to trade that way.

I had a few outs for small loss / very small profit on most of these trades that have cost me bad, but switched to HOPE Mode.

THERE IS NO HOPE!!

Greetings, Turveyd & mp:

Quite the conversation you two have here. Sorry if I'm interloping.

For the record, I'm an mp acolyte and really hope that you'll join us on his thread, Turveyd. Like you, I'm a one-way (major trend) scalper. A point that mp introduced early on in this thread is the concept of intraday trends or temporary reversals, if you will. These center around specific time periods throughout the trading day. I will not attempt to go into specifics as mp is a far better teacher of this than I could ever hope to be. Suffice to say that utilizing the information he has provided I have been able to identify market pauses and successfully ride out temporary drawdowns or exit trades pending major trend resumption or reversal. For me, the net effect has been fewer, better trades with lesser drawdowns and the attendant acid reflux.

Point of fact, mp is employing some of the tools you're utilizing such as Bollinger Bands and a 14 ema. He's recently intoduced an MACD indicator that is wickedly accurate on my 5 minute scalps. Bottom line is that we're all trading the same thing. The only difference is that mp is a hedger and we're one-way guys. More than one way to skin a cat, eh?

Anyway, that's my two pence. Hope you'll come over fulltime and join the few (becoming many) and proud.

Steve

Hi Steve, no worries.


MP's got a interesting take on it for sure, possibly the only short term trader making $$$'s on FF I kid you not, which is well scarey and obviously his followers.

I've got a interesting system which works well to, but always room for improvement.


I am reading the 350pips thread to, don't worry.

My system shows intraday trends and trades them to, using a series of SMA's on a M1 chart, 5, 10, 20,30,60,120,240,1440 the higher the number the more often they reverse the price or breakout stronger ( I've added the 10 and 30 recently to aid getting in mid move )

Speeded up the Shi Channel MP by the way, looks better, responds quicker and fixed my M5's which weren't drawing anything at all today.

Change the code to these numbers.


case 1: BFF = 8; break;
case 5: BFF = 12; break;

p.s. I'm a programmer, but haven't messed properly with EA's in 4years I think!!