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  • #1,761
  • Jun 12, 2009 2:00pm Jun 12, 2009 2:00pm
I have enjoyed reading both of your posts and you have both contributed to advancing this thread! I've even enjoyed the back & forth banter as it has not descended into complete idiotic blather. You two remind me of a couple of my friends who while fast friends never can seem to agree on much an enjoy a good debate whether the rest of us want to be a part of it or not.

So, in order to settle this -- I have a couple of inflatable sumo suits. We'll settle it in the ring. Let me know when you can come to the states for the match.

Cheers!
  • #1,762
  • Jun 12, 2009 2:04pm Jun 12, 2009 2:04pm
Quoting MasterBlaster
I have enjoyed reading both of your posts and you have both contributed to advancing this thread!...
I agree, I've actually turned the TV off so I can enjoy the Edge and Notch show, great Friday night entertainment. (Now watch, Notch will want first billing )
Full-time trader and loving it!
  • #1,763
  • Jun 12, 2009 2:11pm Jun 12, 2009 2:11pm
Quoting notch
Edge, I made that much on one GU trade about 30 minutes ago. Why is it so hard for you to get? Not everyone has the desire to use TS. I'm quite happy with IB and the API tools that I have created and I'm also quite happy with spreadbetting. You can believe what you like though mate...seriously...whatever.
Personally could care less what platform or broker you use. That has NEVER been the point here. Nobody is promoting any platform or brokerage and everyone is thrilled you made a good trade. In fact, spreadbet until you drop. Has absolutely nothing to do with this thread but clearly you are way beyond anything set forth here. Wow, spreadbetting! The ability to guess PA direction both ways at once and wait for actual PA to movement to tell you if you are right. Revolutionary concept. Unfortunately, even IB will not allow you to go long and short the same pair at the same time. At least here in the civilized world. You actually will need to develop a bit more skill.

However, please feel free to share some of your own chart shots with the community and explain the incorporation of the TM/TG material into your own methodology.

This was asked of you previously and yet you still have not been capable of providing anything to substantiate your positions. Until then, you remain only able to 'clone' (your words) others work and contibute the usual ZERO.

You can believe what you like though mate...seriously...whatever.

Clever!
  • #1,764
  • Jun 12, 2009 2:13pm Jun 12, 2009 2:13pm
Quoting MasterBlaster
I have enjoyed reading both of your posts and you have both contributed to advancing this thread! I've even enjoyed the back & forth banter as it has not descended into complete idiotic blather. You two remind me of a couple of my friends who while fast friends never can seem to agree on much an enjoy a good debate whether the rest of us want to be a part of it or not.

So, in order to settle this -- I have a couple of inflatable sumo suits. We'll settle it in the ring. Let me know when you can come to the states for the match.

Cheers!
Thx, am already in the states. Home sweet home.
  • #1,765
  • Jun 12, 2009 2:26pm Jun 12, 2009 2:26pm
Quoting paradoxical
Someone....I don't know who, without scrolling back, made an observation to simply open and close a trade when the Vorticity color matched the Trend Magic color. I've done a visual test on a few pairs and time frames of 5 minutes and one hour, and it shows that this alone would work great. Open a trade when they both match, and don't close it until you get a match of both in the opposite direction. You don't even have to use the MTF indicator, but it seems that trades are better when two or more of those time frames match. Like everything else,...
Thanks... This time I am staying in according to your rules. let us see what happens. I know I am trading at wrong time but still trying to learn to pull the trigger on time.

Thanks again
Make money Not pips
  • #1,766
  • Jun 12, 2009 2:39pm Jun 12, 2009 2:39pm
Hi

Posting this off the topic, so please excuse me

Just opened a new thread using the TG Single Time Frame Indicator with Pivots and nothing else. Been observing a pattern emerge, so guys and gals who can try out are welcome to post there.

http://www.forexfactory.com/showthread.php?t=175552

I wish to invite Paulus and Anne to visit it and grace it . I would be delighted.

Thanks

Nisha
Trend is your friend...
  • #1,767
  • Jun 12, 2009 2:45pm Jun 12, 2009 2:45pm
It was Notch who made this observation and posted on it. But, the more I look at it and think about it, the better I like it. Keeps you from guessing and keeps you mechanical. Yes, you'll miss getting in or out at optimum levels, but it keeps the drawdown low and your chances of staying in a long trend much better than a defined stop or TP. The current E/Utrade being a good example. On the 5 minute chart, the Trend Magic and Vorticity lined up RED at 18:05, and there were 8 BLUE Vorticity bars from 18:30 to 19:05, but the Trend Magic indicator never changed from Red to BLUE, meaning the short trade should be kept. As it stands now, the Vorticity has changed back to RED for 6 bars, and the EU has come back down about 25 pips or more from the high in this cycle of 1.4026. Does it work all the time? No. But, I like it because of the discipline it gives to stay in trades. Thanks, Nortch for the observation.
Quoting balle1973
Thanks... This time I am staying in according to your rules. let us see what happens. I know I am trading at wrong time but still trying to learn to pull the trigger on time.

Thanks again
  • #1,768
  • Jun 12, 2009 2:51pm Jun 12, 2009 2:51pm
Quoting notch
Edge, you are correct...I am nothing in your trading light!

As I stated in my draft back-testing chart the clone will be made available to one and all once I have finished it.

I've attached a chart for you. Do you see that 'Notch cycle'? It does that every day with a 70% hit-rate, 4 * Profit/Loss ratio, a sharpe ratio that you wouldn't believe and that is with a 30 pip stop (ALL OUT OF SAMPLE) and is now trading automatically through IB. Maybe the TM will help me to get it to 80%...who knows. But having said that the TM clone that I have been...
Yep, powerful stuff you have there. Astonishing that you already have a 70% win/loss ratio and a 4 PE to boot. Interesting to see your testing results on paper. And now you go for 80%. Damn near comical as high school math projects ANY system running such numbers on ANY TF to come out at about $300,000.00 minimum net per month depending on TP/SL levels. And at only 1 standard lot traded trading 24/7 with an EA 6 days per week.

We will all breathlessly anticipate your completing your Nobel prize transcending work. Perhaps getting a computer capable of handling such work can be had with the vast sums you claim you made only an hour or so ago with the GU trade.

Until then, we will simply have to suffer through with only those modest indi's and platforms afforded us. Am sure Paul and Anne are so proud of their little protégé though. While I will remain curious, I will also remain skeptical but applaud your finally contributing something. To bad you simply cannot refrain from lashing out at others though. However, we will see if you can put your money where your mouth is.
  • #1,769
  • Jun 12, 2009 4:01pm Jun 12, 2009 4:01pm
Quoting paradoxical
Someone....I don't know who, without scrolling back, made an observation to simply open and close a trade when the Vorticity color matched the Trend Magic color. I've done a visual test on a few pairs and time frames of 5 minutes and one hour, and it shows that this alone would work great. Open a trade when they both match, and don't close it until you get a match of both in the opposite direction. You don't even have to use the MTF indicator, but it seems that trades are better when two or more of those time frames match. Like everything else,...
Yes, Notch observed this very soon after I posted the indy. It certainly won't bag you the big pips, but if are of the mindset that you have a daily profit target and say want no more than 50 pips, it could be a very simple and very mechanical system.

I will see what results Paradoxical gets and then think about an EA. A system that mechanical is easy to put in an EA.

Anne
  • #1,770
  • Jun 12, 2009 4:08pm Jun 12, 2009 4:08pm
Hey, if you can't make it on $500 a day, you can always double/triple contracts.
  • #1,771
  • Jun 12, 2009 6:14pm Jun 12, 2009 6:14pm
Quoting notch
I have nothing against any technical method but this is a system's thread not an interactive trading thread....
Hi Notch,

Missed this post. I agree with you 100% that we've been handed an opportunity of a lifetime here and I for one would like to see this thread continue.

With all of that said, as you can see from the numerous post with different indicators on them you will never get every one to be compliant with the request to not post charts with other indicators on them. So I was suggesting a compromise or alternative since you'll never achieve the "no other indicator" rule on a public forum like this. Again, I would suggest that if you post something that is not part of the methodology just don't talk about it in your post. I feel we need to keep our discussion and posts foucused on the indicators and methodology that we were given by Paulus and TG. I think this would be a more reasonable approach to posting rather than getting into a shit fight with every one who doesn't or won't comply with the "no other indicator" rule.

Just my 2 cents.
  • #1,772
  • Jun 12, 2009 6:37pm Jun 12, 2009 6:37pm
Hi Folks !

Before the stampede gets out of control I have a recommendation for organizing the thread a little bit.

Anne or Paulus could you create a standard MT4 template which contains
the essentials of your trading method.

This template should be used by all other folks who want to show their
trades whether they were good or bad.

So we have a kind of corporate identity in this thread

Maybe Paulus could add the template in post 1 and update it if necessary.

By the way the method offered here is pure gold if you are willing to understand the fundamentals in FX (Support and resistance, order flow and volume influence)
all based on pure price action !!

The beauty of this system unfolds to whom who's willing to learn and digest the fundamentals !!
(Thats not a get rich quick scheme...)

Happy Pippin

Greetings from the city

Bernhard
  • #1,773
  • Jun 12, 2009 6:37pm Jun 12, 2009 6:37pm
Quoting stevewide
mistake; took Gj short as soon as turned on charts today about an hour ago. i had 30 pips; closed with 4 just now. On another set of charts I see it went down to the daily pivot. I got stopped out at TM according to Paulus rules.

Anywho, I have a tiny winner to start my day.

Steve
Hey Steve...

A win is a win, I can say that I've done this same thing many times which brings me to my point.

For new traders I believe the most important thing is determining a good entry point. IMO if you can get a good entry point you will increase the chances of having a positive trade and for most newbies, having a positive trade helps build confidence and your account. The one thing that this methodology does very well is to get you into a trade with a good entry point. This is one of the best things a newbie can learn. If you get 40 pips or 4 pips it's still way better than consistently losing 15-40 pips by taking bad entries.

I know many of you will say money management and exits are the most important strategies. I agree these are all important tools but as a newbie having a positive trade expectancy is what it's all about and will keep you in the game long enough to learn all of the other aspects of being a good and profitable trader.
  • #1,774
  • Jun 12, 2009 7:06pm Jun 12, 2009 7:06pm
Well said! Now that was actually helpful input, not dribble... I too will add to that and suggest here that those here who are amateurs back off and go into lurk mode. There have been several attempts to make that happen here but to little avail. Let those who really have serious, well thought-out, tried and proven strategies put them on the table so that we can all benefit. My 2 cents...

Quoting Edgetrader
Thread creator gets burned out with all the repetative blah blah due to nothing more than video game players wanting more candy while doing even less work than before.

Then, main indi developer and programmer mentions on a few occassions that she would like to focus on trading and broaden her horizons. A few try to assist her in those efforts, but overall, the entire thread following misses an opportunity to simply trade the simple set of indi's and help both Paul and Anne by staying focused.

Mentioned yesterday that trading is about account...
  • #1,775
  • Jun 12, 2009 7:25pm Jun 12, 2009 7:25pm
Quoting behof
Hi Folks !

Before the stampede gets out of control I have a recommendation for organizing the thread a little bit.
Haha! Sorry I'm sure you're well-intentioned, but I'm afraid Elvis has already left the building.

Go to posts #1 and #414. That's the canonical description with indicators and templates.
You are in a maze of twisty little passages, all alike.
  • #1,776
  • Jun 12, 2009 7:30pm Jun 12, 2009 7:30pm
Quoting notch
Edge, seriously...enough is enough. You asked me to post a chart so I did. I didn't have time to formulate something in the time that you ask and the time that I replied - it is what it is so believe what you want. I'm not here to knock P/TG so why are you trying to tell it like that. Enough is enough. I actually believe that you might be very young, perhaps in your early 20s so I can understand the way you come across but let's move on now.

No doubt I will have to tolerate one more post from you so that you have the final say so please get it...
C'mom Notch! You have to be kidding!!! Your psychological profiling capabilities with regards to ascertaining an individuals age are ridiculous. Stick to accounting as that is what you profess as your given profession. Will be glad to provide that post if you need your memory jogged a bit.

First, you jump my case in post #551 and demand leadership by example. I reply, and then issue an apology for the sternness of such. Thought we moved on from there, as I have endeavored to provide EVERYONE with as many tools and viable options as possible to be successful.

Now, you jump on me again for basically doing exactly what you asked. I am indeed showing two separate formats (being IB and TS) so all can see the possibilities. Just because you do not utilize such is no reason to get froggy and puff out your chest at me.

Dude, I have reviewed ALL your posts, both here and in the EURUSD thread. That condescending attitude you so enjoy portraying is really disgusting. Further, everyone here understands you are not trying to knock P/TG, but you sure do not mind knocking those with opposing viewpoints and trading strategies.

So, I will indeed answer my critics to the best of my abilities. Truth be told, the small trades I have posted charts for completely dwarf this thing you call 'NOTCH WAVE". At the very least, they provide a glimpse at profitably trading a few currency pairs on an MT4 platform. Also, they incorporate the general usage of both the TM and TGSF indi's, consistent with the threads purpose. That was not enough for you, or perhaps it was just overwhelming. Instead of just keeping an open mind, you actually wish to insult those here with the intellectual capability of simple rational thought?

Stop the BS now and forget looking for the alleged lost code for your little revelation due to a computer crash. Try a backup disc next time. Better yet, use an auto backup in case you lose connectivity or whatever else is possible there.
If you are going to somehow acquiesce to a request to produce some material to back your position, then try this:

CREATE! DON'T DUPLICATE! Glorified oscillators are simply not going to suffice. Even a new trader can find an indicator that already exists to match those feeble efforts. Even more, one can even match the "WAVE" very closely with a simple MA. Lastly, it is not a very good idea to put your personal stamp on the work of others. It can be construed as PLAGIARISM and there are repercussions.

Now, you are quite right. You will have to endure a final response. Unless you want to continue your assault and meet further resistance, I suggest you practice that 'enough is enough' theorem you are professing.

One last thing, in answering your PM on acquiring a 'RENKO' indicator you sent on June 11.... You can't as it is not an indicator. It is a charting format as you are now keenly aware of. You even know where to get it.

Have a good weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: Plagerization.jpg Size: 124 KB
  • #1,777
  • Jun 12, 2009 7:54pm Jun 12, 2009 7:54pm
It really would be nice if EVERYONE on THIS thread would get BACK to Paulus system and STAY there.

He has asked repeatedly that no one bring in outside indicators. The TG indies are all that is needed here and now.

Seems a simple request to me, especially considering his constant generosity.

It would be beneficial to most here if all could get over themselves enough to follow Paulus simple request.

And THAT is my contribution to this thread, or is that too simple for some to understand?
  • #1,778
  • Jun 12, 2009 8:39pm Jun 12, 2009 8:39pm
Quoting Digitalis
Hi MAD.
I was looking at your chart and from what I can see, your HGMTF indicator is set to 1hr, 30, 15, 5.

Is that what you're using as a trigger for your 1 hour trades?
If so, can you elaborate on how you decide when to enter?

I'm asking, because I would have expected it to be something like 1hr, 4hrs and 24hrs or something similar, with the trigger being the change of the 1hr to match one of the others...

Thanks
Very good question. I have two HG MTF indi's on my chart. 1, 30, 15, 5 (lower) and 1440, 240, 60 and 30 (higher). This is still very very early in the testing stages so I don't want to say to much on it.

Only that currently I'm testing the Lower to monitor pullbacks and using the Higher to gauge overall trend.

I will elaborate in detail a little latter.
  • #1,779
  • Jun 12, 2009 11:14pm Jun 12, 2009 11:14pm
@ Edgetrader

Not sure if this has been asked before, but where do I find the Scalping Technique indicator?

Edit: I looked all over this forum and can't seem to locate this indicator. Please advise.

TimeFreedom
  • #1,780
  • Jun 12, 2009 11:23pm Jun 12, 2009 11:23pm
Quoting TimeFreedom
@ Edgetrader

Not sure if this has been asked before, but where do I find the Scalping Technique indicator?

Edit: I looked all over this forum and can't seem to locate this indicator. Please advise.

TimeFreedom
Hi Time..

We really don't like to think of this as a scalping methodology. Indicators and template located in the 1st post.
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