Popee83 System

I must start by first saying that I like what I am seeing in the thread ... this are the comments that are encouraged here ....

Welcome Macman, I know you are an experienced trader .... and your views are very much welcome here ... true ... this is channel trading and COG is skewed in such a way to give a circular "feel" by setting m=4 is ok with me ... I still use default m=2 ... .. gives me a better view of signal indicators too ... Everyone should try and tweak COG as advised by Macman ... and whatever settings work best for you ... use ...

S.Ed welcome back man. Andrews Pitchfork is good too and true they work more or less the same .... but for rookies will be a tough nut to crack ... They should stick to the basics and once comfortable try new things ....

As to your Q ams on the Dow ....... hmmmm ..hmmmm ...... ....but be sure to share ... eye openers ..... anything for the green .... much welcome ..


Macman, S.ED, GeoffT and DOVO .... all pls feel free to brain storm ... challenge one another's points of view, debate ... all in an effort to make sure the statements are more green than red or white at the end of the day ... ..... That is why we are here and playing the mkts ...

NB: At the back of our minds let us remember the core of Katy is median trading ... always having the quartiles at our finger tips all day .... as targets and possible turn around nodes .... as S&R zones ....


Will be posting some more tips for beginners later on today .... with regard to SL hunting stop outs and draw down management ... All feel at home and chip in earlier whenever possible ....

With THV, I have grown accustomed to seeing the current price in big green or red letters. I used the current THV indi, THV3 MMPrice, but there must be some conflict with something in KP. I could not get it to show up.

So, I changed to an earlier version of the MMprice indi, and it works. Indicator is attached for those interested. Chart included so that you can see added current price in lower right corner.

Ed

Pop, assuming it was you who said you have never lost trading NFP, I am sure we will all be interested to hear that vital advice, when you are ready.

BTW, how much will you be able to post on this thread in the future, assuming you are returning to your day job on Monday?

Thanks for getting us started here. I hope you have time to continue to contribute. You've got a pleasant demeanor, the right motivation, and some solid experience.

Ed

The COG will help in trending upto S&R regions as well fib nodes well known for S&R turn a rounds.. The yellow arrow is down (signal for a dip)... a strong fib node has been tested for breach twice with no success, so it's an M pattern.. and you should go south for a fair dip ... no matter COG .. from your chart COG is facing north but we are faced by strong resistance ..... ...


As always ... new traders always make sure you are out at least 20 min prior to news ..... we want to stay in fx for a long time .....

There is still room for growth for you guyz here ... From the Q asked here .. the Yellow and Blue hollow arrows arrows are the best entries for you .. obey ATR 1/2 TP objective and you will do just fine ... and taking note of all expected S&R nodes... at times the mkts are so turbulent .. to the extent I revert to strictly rookie rules ....


Heads up to Macman ... for pointing out the simplified explanation .. I'll paste it here: from Hanover ...

More info on the Center of Gravity indicator The CoG indicator definitely appears to be a best fit polynomial regression curve.

As far as I can tell, the parameter 'm' is the degree of the poly, i.e.
-- m=1 is linear regression (straight line), i.e. operates the same as MT4's built-in linear regression facility
-- m=2 is a second degree ('quadratic'), hence there is only one turning point (bend in the curve)
-- m=3 is a third degree ('cubic'), hence there are two turning points
-- m=4 is a fourth degree ('quartic'), hence there are three turning points
and so on.

The parameter 'i' is the number of bars to shift the curve backward, e.g. to see what the curve would have looked like 20 bars ago, set i=20. In this way, it is possible to perform a visual backtest, decrementing the values of 'i' and 'bars_back' as one steps forward a candle at a time.

The parameter 'bars_back' determines the size of the rolling window (actually, it is the difference between 'bars_back' and 'i').

The parameter 'kstd' is the number of standard deviations that the outer lines are drawn away from the median line.

The parameter 'sName' determines the name for the little red object (dot) that's plotted near the leftmost end of the median line - I'm not sure what this is used for.

The higher the poly dregree (m) and/or the smaller the size of the rolling window, the more responsive the curve is to changes in price.

David

Needless to say .. i didnt know how I was going to start on Polynomials here at the basement .. .. way to many newbies ... could trample in here .. and get scared ... ... I saw it better to give them the best fit ...
Since now it's out in the open ... they still have a right to know ... test ... and eventually choose what they deem to be the best fit ...


S.ED .... I'll be going back on 18th and of course I can't dessert the newbies ... they would be like sheep without a shepherd .... All experienced guys here are shepherd and pls share what you know to nurture and steer the new guys for personal growth and development in the fx b/ness....


as for NFP .. I do well calculated straddles ... trick shown by some guy at work ... he had spent some time at Citi .... Let's wait for the next NFP consesus and revisions ... truncate the trading day for S&R or any fib clusters and then set the straddles ... small lots here with TP of 40, bias being emphasized towards any revised consensus ...

Hope you guys are making pips ... this NY session .... concentrating now :nerd: .. missed out on the london one .. ..

Thanks for your reply Pop. That's interesting info on NFP. Will be anxious to see you play that and lead us through.

I'm out for a while. Gotta catch up on the mail and pay the bills before leaving town to spend more money!

Good trading to all,
Ed

EU


Damn the upper m-fibo .382 arm ... its straight through from yesterday ... this will be a tough nut to crack .. it may as well take abnormal momentum and volumes to break this one .. lol ...

..... and a sweetspot at 4050

Take care

Edit: 4100 anyone?

I had two things working against me today.

My Internet connection suddenly slow so I was having difficulty entering a trade.

Also the blue hollow arrow is not easy to spot so I miss the ride up. I now change it to green coloor so that it is easier to spot.

On EU now that price has move above the upper yellow COG line, I wonder if this is the indication that it will try to reach the m-fibo 0.382, if not at least the x-fibo 76.2 level.

I think the m-fib (1.4102) is a reasonable target from which to short. This is also a qtr-pivot on THV fibonacci pivots. I would also short from 4116.

Gotta go open that mail!

New traders ... stay out of this zone for now .. so TP now on EU and be contented .... ..wait for a powerful breach on m5 and wait for sidus to signal for a north flip - bias Or a south flip .... then ride it ...

m5 candle opened above the 76.4 .... watching like a hawk... ...:nerd:

I'm looking for sidus yellow (short) somewhere around 1.4129. Thoughts?

H4 m-candles .... no spikes on the down side .... :nerd:

Hmmmmmmmmm.......... a breach down that far very unlikely ... though should it occur .. breach of 50.0 scalp the pivot ... ....

Sorry, typo. I meant short/yellow hollow from 4129.

I went back and edited that post.

may spoil the party ... :nerd:

welcome back .. but stay out for now .... cross-roads here boys .. cross-roads ... :nerd:

Am thinking .. a north flip should cool down at T2 ...

I see were moving a little bit, the manual has been posted on the front page along with the indicators.