some trades...

Being a new member, I thought it appropriate to post a few trades and some analysis... insight and comments welcome

http://img486.imageshack.us/img486/743/eurusd4zv.jpg

For Wed I favor a long bias and will look to buy (e/$) around 1.2075, variable entry dependent on intraday bottom (position sizing: 1/3 for preemptive strike and 2/3 on the back side) , with a 48hr target of 1.2170 (95pip var. time degrade), SL placed at 1.2040 (35pip fixed) with potential profit factor of 2.71

Rgds...

long postion closed for full profit .. more to follow

Rgds...

A few expressed curiosity regarding my TOPS indicator (shown above)..

The Trend Orientated Positioning System (or T.O.P.S) is designed to identify and exploit market elasticity by isolating high probability entry zones within a prevailing directional trend. T.O.P.S. has been designed to embrace the concepts of simplicity and efficiency through the clear, unambiguous interpretation of price action and overall market position.

It is meant to be used on a 1hr chart, above the center line bias is long, below is short.. then baisically the bands become probable entry zones, provided they meet the price below the centerline. Combined with some basic TA for identifying specific entry and targets, the results are pretty good.

If anyone wants additional information about this indicator (or a copy - no strings attached), just let me know.

Rgds...

Hello,

This count I posted in another thread has expired.. with 5th complete we can expect corrective move lower.. for today I will place limit short 1.2140 if it gets there... sl and tp set after entry

Rgds..http://img375.imageshack.us/img375/5677/eurwave6tj.png

moved sl to B/E+1 placed tp (1/2) @ 1.2080 (+60)...
Rgds...

http://img440.imageshack.us/img440/4959/topspic26hb.png

short target reached, took full profit (+60)... 2 trades, 155 pips

next week will be better, have good weekend

Rgds..

BRAVO ! !

Hope you will post more in between.

i apreciate if you send me aditional information
[email protected]
best regards
bea

Hi,
to clarify, i have only a mq4 version... so VT users and others not using mt4 will need a quick translation.

also, this is not intended as a "stand-alone" system... more of a general guide help spot potential opportunities... (like a scope with no crosshairs )

TOPS in a sence is measuring elasticity against the pervailing trend (picture stretching an elastic to the point of breaking, then it snaps back), allowing you to sell tops in bearish trends and buy bottoms in bullish trends.. its important to understand that a correction to an existing trend can quickly turn into reversal..(elastic breaks) and plan your trades accordingly. like any method, its important to have an appropriate risk model..

rgds..

ps.. is there a way to just attach the mq4 to a message ?? tia

http://img492.imageshack.us/img492/29/eurusd9fu.png

shorts running a bit further.. maintian short bias and look to sell correction early Tokyoish...
rgds...

hi,

this TOPS indicator looks interesting. do u mind sending it my way..so i can play with it. [email protected]. thanx a lot.

many pips to you

gabroo

ok, by now everyone who has requested a copy should have received one... somebody is working a translation for those with other charting apps..they will post when finished i think
later when i have more time i will post a more complete explaination of use... (should have had one ready i know, but didnt anticipate so much interest..)

Rgds..

Just zip it and attach as file to your post. Thanks in advance.

Johan

thanks ... tops mq4 attached..

On my first visit last week to your thread, there were only 8 persons who viewed it. I analysed your comments with my charts and found new insights from your threads. I am not surprised that so many people are interested. We have new star added to FF. The number of viewers is already with 3 digits.

Thanks for posting for us.
I have 45 pips in the green.
Now waiting for a reversal entry.

highway, thank you for your nice words.. i think we are just getting started
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e/$ - last chart already outdated(downside targets met), made mistake of closing shorts on friday, and although this mornings bias was correct, timing was wrong and ideal entry missed...so remaining sidelined now waiting for correction to start and finish...

http://img52.imageshack.us/img52/150...usdtops2te.pngi

Rgds..

Hello,


I generally use visual trader, would you by any chance happen to have the code for that platform so I can experiment with this indicator?

Regards,
Agent2005

hi,
only mq4 available at moment, u can however create a generic version for VT or whatever, using MA's and envelopes.. just open the mq4 and copy the settings :-)
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E/$- Long 1.2000... Stop and reverse 1.1985 (15pip) ..latent volitity play

---------------

TOPS - by now we have seen a few examples of how TOPS can aid us in identifing potential opportunities (more comming) ... functioning as a generalized positional indicator relative to the prevailing trend, obviously such and indicator will function best in trending conditions, and requires some additional TA to pinpoint entry... Next we will begin to look at some new ways/ideas to pinpoint exact entries for trading both impulsive and corrective moves with variable position sizing and identifing trend life cycles... as time and mkt conditions allow of course :-)

In the mean time, will continue to post trades/ideas etc ..

Rgds...

Thank you again dsvt1 . I was not sure whether the 15 pips you wrote was also meant for the profit target. Anyway I booked these 15 pips already. It is amazing how precise the prediction is. I am sure I am not the only one who appreciate your sharing.

Best regards

hi,
here is a basic example of TOPS applied to a recent move in cable...

http://img118.imageshack.us/img118/9...example4xt.png
some very basic TA helps to spot trend change...arrows highlight general entry zones..primary entry upon break of centerline.

hope this clarifies some...

Rgds..

ps. E/$ position remains unchanged tp open