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Popee83 System

  • #141
  • Jun 11, 2009 12:27am Jun 11, 2009 12:27am
Just wanted to check in on you guyz to see how you were doing ... hope fine ...lol, am waking up now and I called a bluff on the EU pair for quick pips ... towards the equilibrium ....

DOVO: Nice query... When the TF's are conflicting ... use the m5 Tf .. ride the most immediate trend), as I said ... we were dealt bad decks for today by fib (even the big boys were ..) ... so we trade m5 only .... along the COG curve as we wait for a sense of direction ... Now am on m5 and all looks good ... so far ...


Hi S.ED: The zigandZag white dot .... if you observe carefully ... in case you called bad trades and the mkt turned after after hitting a R/S cluster or fib node ... the white spot helps you not close bad trades so soon ... a pull back is possible .. though moderately ... ,, especially in volatility ... that aims for the other green arm of COG away from the white dot ... this way .. you close the trade once the pullback is exhausted(shi-will signal) at a smaller loss coz it may not break the COG trend when PA hasn't hit an important S/R. Hope it is clear ... if your trade is going against the m5 COG trend and white spot appears, wait for a moderate pullback after the pause ...(occurs many times) and then close ... If you are in the trend .. don't close ..hold on .. the trade is bound to continue .... in favor ...


Gentlemen ... lets aim at green statements ... it's very possible ... just obey the law of gravity ... Today we expected indecision ... so the safest way to go is ride what we see, m5 Tf COG curve bias aiming for m-fibo targets or X-fibo to take profits .. wait a while for another signal to re-enter ( i.e the opposite green arm of COG not breached on m5)... This time SHi-and ZigandZag arrows will come in handy in calling scalps ....


Looking bullish ..... The London session will let us know better .....
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #142
  • Jun 11, 2009 12:41am Jun 11, 2009 12:41am
this baby looking good on m5 and m15 as of now ... aiming for T1 upward flip ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #143
  • Jun 11, 2009 1:07am Jun 11, 2009 1:07am
Going for some errands now .. will be missing in action ... much of the day ...

So take care boys .......
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #144
  • Jun 11, 2009 1:15am Jun 11, 2009 1:15am
Thanx Pop,

Yes the COG direction on m5 TF was up while the m15 TF was down at the time of writing. It did went up to hit the 61.8 fib and then bounced back.

Now it looks like the COG on m15 TF is about to turn up. Also it seems the Coral has a faster turnaround then then COG on m15 TF.

BTW, what does the alert "Sidus tunnel down" mean? It pop-up a minute ago on GBP/USD.
  • #145
  • Jun 11, 2009 1:26am Jun 11, 2009 1:26am
Just concentrate on the trend for now ... a powerful upward flip in the making here - m5 lower COG green leg wasn't breached much for EU)... both m5 and m15 are crucial Tf for Katy Parry ... lol

All other details coming soon in the advanced traders manual ... soon for that matter ....
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #146
  • Jun 11, 2009 1:46am Jun 11, 2009 1:46am
The x-fibo 61.8 is a tough nut to crack. Twice it hit and bounced even though Coral and COG are up on m5 TF. Now the hollow yellow arrow is out. Would this turn around to hit x-fibo 38.2 instead as m5 TF COG lower green has been hit?
  • #147
  • Jun 11, 2009 1:57am Jun 11, 2009 1:57am
You are a fast learner .... very much correct ( Your statement will look much greener in no time)... the blue/yellow arrows are the main signals ... once they appear ... ride on .. a turn around is in place ...


Careful guys with news. Remember to cash out and get out of town during news time ....
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #148
  • Jun 11, 2009 2:17am Jun 11, 2009 2:17am
Thanks for the manual POP, Ive just printed it and will study the formula, my time on the comp is limited as we are coming into the busy season on the job, but I am following VIA Blackberry. And thanks for the shout out.

Hey that's what its all about, folks sharing information.
  • #149
  • Jun 11, 2009 2:21am Jun 11, 2009 2:21am
It would be kind of crazy if I didn't get this system after all the noise I made.
  • #150
  • Jun 11, 2009 3:57am Jun 11, 2009 3:57am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Right chaps,

we all are smart and alert guys, right?
Don't doubt it for a moment. Why ? because we are playing with the most volatile market in the world.

One question to all the sharp minded folks watching this thread:

Dow Jones sell off yesterday but rebound later. Why was that and what they are waiting for?

Word fantastic goes to the person who answers correct and well done to the person who tells the hidden story behind it.


Well there is a reason for this questions which I will explain later.

Clue: it relates to inflation.

ams
  • #151
  • Jun 11, 2009 5:03am Jun 11, 2009 5:03am
Quoting Popee83
You are a fast learner .... very much correct ( Your statement will look much greener in no time)... the blue/yellow arrows are the main signals ... once they appear ... ride on .. a turn around is in place ...


Careful guys with news. Remember to cash out and get out of town during news time ....
Thanks Pop, I was away from the computer when the yellow arrow appear so by the time I saw it later it was a late entry for me so just TP at 1/2 ATR.

I know this could be in the advance section but I noticed on the up move, the price seldom touches the upper green COG when it is flat. While on the down move, it will goes through the lower green COG line as it curve down and then touches the yellow COG line.

Also after a strong move from one edge of the COG line to the other, if the retracement doesn't touch the blue COG line then it will try to go back to the edge where it last touches. Not sure if this is a correct observation.

Thanx
  • #152
  • Jun 11, 2009 5:10am Jun 11, 2009 5:10am
Here's a trade I took. Not strictly by the rules. Just a straightforward S&R play. Already closed half the position and got stop at B/E.
Attached Image (click to enlarge)
Click to Enlarge Name: chartgut.jpg Size: 124 KB
  • #153
  • Jun 11, 2009 5:39am Jun 11, 2009 5:39am
Quoting DOVOFreak
Thanks Pop, I was away from the computer when the yellow arrow appear so by the time I saw it later it was a late entry for me so just TP at 1/2 ATR.

I know this could be in the advance section but I noticed on the up move, the price seldom touches the upper green COG when it is flat. While on the down move, it will goes through the lower green COG line as it curve down and then touches the yellow COG line.

Also after a strong move from one edge of the COG line to the other, if the retracement doesn't touch the blue COG line then it will try...
I think your observation is spot-on, Dovo. Somewhere early-on, Pop said this is "median line" trading. The Cog lines probably work very much like Andrews Pitchfork lines. Pop can correct me, but I think that is what you are seeing.

I will be online very little today guys. Good trading to all.
Ed

P.S. My first trade last night, in very low volume, was a loss Pop. Not the fault of the system. Rather, I set StopLoss too close (10 PIPs because it was moving so slowly), plus I was buying at the high end of the green trading range. It continues to amaze me what the eye will see and the mind will see (GAMBLING!) despite all the rules we read, understand, and fail to apply.
Up or down, gimme a ticket
  • #154
  • Jun 11, 2009 6:41am Jun 11, 2009 6:41am
Quoting SpecialEd
I think your observation is spot-on, Dovo. Somewhere early-on, Pop said this is "median line" trading. The Cog lines probably work very much like Andrews Pitchfork lines. Pop can correct me, but I think that is what you are seeing.
This is fairly simple channel trading. If you look at the 'm' setting for the COG you will see it set to 2 which gives one turning point in a straight line linear regression channel. Set m=1 and you get straight line. Normally m=4 is used which gives a better fit to PA. Try setting m=6 to 8 if you want the tightest fit.

Using the COG means you are looking back at about 10 hours of PA on the M5 TF and about 30 hours if you switch to M15 TF. I would have expected different settings (templates) for M5, M15 etc if there is some correlation between the COG and different TF's.

Also the attached file in this thread does not include an indicator called SHI_SilverTrendSig which was in the original posted on the Cobra THV thread, so if anyone is trading using the template from this thread they are missing one of the major indicators - attached.

This post is not meant to be negative. Channel trading is a tried and trusted method and good results can certainly be had. As usual a lot depends on the skill of the trader.

Good trading to all
Attached File(s)
File Type: mq4 SHI_SilverTrendSig.mq4   4 KB | 291 downloads
  • #155
  • Jun 11, 2009 6:47am Jun 11, 2009 6:47am
Quoting macman
This is fairly simple channel trading. If you look at the 'm' setting for the COG you will see it set to 2 which gives one turning point in a straight line linear regression channel. Set m=1 and you get straight line. Normally m=4 is used which gives a better fit to PA. Try setting m=6 to 8 if you want the tightest fit.

Using the COG means you are looking back at about 10 hours of PA on the M5 TF and about 30 hours if you switch to M15 TF. I would have expected different settings (templates) for M5, M15 etc if there is some correlation between...
Thanks for the cog info, Macman. Someone had posted that shi indi earlier. Using it, but just for info at this point. Will experiment with your various cog settings once I've got this thing figured out. I have to say, I will probably never get totally away from pitchforks, plus I like the qtr pivots of THV.
Up or down, gimme a ticket
  • #156
  • Jun 11, 2009 6:51am Jun 11, 2009 6:51am
Macman, I changed COG settings as you suggested, just to see what they look like. I like the straight-line channels, as I am more accustomed to using channels and forks. But, I will leave settings "as is" until I've tried the system for a while.

POP, if you are around, would you please comment on Macman's settings? I think I understand why you have them set to two; for the trading range, but please comment.

Thanks Mac,
Ed
Up or down, gimme a ticket
  • #157
  • Jun 11, 2009 6:59am Jun 11, 2009 6:59am
Quoting SpecialEd
Macman, I changed COG settings as you suggested, just to see what they look like. I like the straight-line channels, as I am more accustomed to using channels and forks. But, I will leave settings "as is" until I've tried the system for a while.

POP, if you are around, would you please comment on Macman's settings? I think I understand why you have them set to two; for the trading range, but please comment.

Thanks Mac,
Ed
Hi Ed,

Some more info on the COG which is a powerful indi:

http://www.forexfactory.com/showpost...8&postcount=18

Have a good day
  • #158
  • Jun 11, 2009 7:11am Jun 11, 2009 7:11am
Someone tell me - in my chart, is COG facing north or south? South?

Thanks,
Ed
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 24 KB
Up or down, gimme a ticket
  • #159
  • Jun 11, 2009 7:12am Jun 11, 2009 7:12am
Quoting macman
Hi Ed,

Some more info on the COG which is a powerful indi:

http://www.forexfactory.com/showpost...8&postcount=18

Have a good day
Good stuff. Thanks.
Up or down, gimme a ticket
  • #160
  • Jun 11, 2009 7:26am Jun 11, 2009 7:26am
For those interested in using Andrews' Pitchforks and trendlines for helping to confirm price direction, see this recent post of mine - http://www.forexfactory.com/showpost...stcount=108963.

Hope it helps.
Up or down, gimme a ticket
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