*******************
I'd rather make money than be right. 
- #3,281
- Jun 26, 2009 10:56am Jun 26, 2009 10:56am
- | Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts
- #3,283
- Jun 26, 2009 11:07am Jun 26, 2009 11:07am
What Gleneagles and Paulus and others are doing is
using these indicators very successfully in this system.
This is the nature of mtf indicators, the issue is, if the
system and data is pertinent, ie actually good
info at the time.. the trades work out, if you
are showing data that truly is not indicative of
PA and trend then mtf indicators are disaster.
With good info being shown and used
in a way that is very good, repainting should
not be an issue.
Also.. I personally use and would only trade
for myself with supportive indicator information
that confirms the mtf indicators, ie I always have
the non mtf HG on my chart to confirm what the
hg mtf shows.. both for live trading and checking
back in charts. The same way I use the trix or
qqe v5 to confirm direction, the stochastic bars
also are supportive. You don't need to clog things
up but a couple of real time non mtf indicators to
support what the mtf shows.
Just some thoughts for those having trouble
right now... most of the people upset right now
also seem to be using the HV they say in the posts
I assume of course they mean the Vorticity
correct?
Personally this indicator can only be used as supportive
of a trade for me, and possibly as an exit alarm
to consider ending trades more than entering trades,
but that is me and I use short time frames primarily
so.. 1 hr traders might have a different viewpoint
and this thread has several methods so 2 of the 3 main
ones discussed here recently don't even really use the HV
if you find you don't like it, use the other great work here.
KOS and Glen are using the original method
with the HG MTF and I as well, that is my
system basically with a little here and there
tweaks for my own confirmation. Again I recommend
having the non mtf HG0001a on my charts at all
times.
Hope its food for thought for someone having a hard time.
Brian
using these indicators very successfully in this system.
This is the nature of mtf indicators, the issue is, if the
system and data is pertinent, ie actually good
info at the time.. the trades work out, if you
are showing data that truly is not indicative of
PA and trend then mtf indicators are disaster.
With good info being shown and used
in a way that is very good, repainting should
not be an issue.
Also.. I personally use and would only trade
for myself with supportive indicator information
that confirms the mtf indicators, ie I always have
the non mtf HG on my chart to confirm what the
hg mtf shows.. both for live trading and checking
back in charts. The same way I use the trix or
qqe v5 to confirm direction, the stochastic bars
also are supportive. You don't need to clog things
up but a couple of real time non mtf indicators to
support what the mtf shows.
Just some thoughts for those having trouble
right now... most of the people upset right now
also seem to be using the HV they say in the posts
I assume of course they mean the Vorticity
correct?
Personally this indicator can only be used as supportive
of a trade for me, and possibly as an exit alarm
to consider ending trades more than entering trades,
but that is me and I use short time frames primarily
so.. 1 hr traders might have a different viewpoint
and this thread has several methods so 2 of the 3 main
ones discussed here recently don't even really use the HV
if you find you don't like it, use the other great work here.
KOS and Glen are using the original method
with the HG MTF and I as well, that is my
system basically with a little here and there
tweaks for my own confirmation. Again I recommend
having the non mtf HG0001a on my charts at all
times.
Hope its food for thought for someone having a hard time.
Brian
The HV indicator repaints in real time not after changing the timeframe or reopen meta trader. What you see as a valid signal was in real time a no go. Try it in real time or use the trade simulator but screenshots from the past do not work for showing entry signals.
- #3,284
- Jun 26, 2009 11:17am Jun 26, 2009 11:17am
- | Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts
Thanks for the advice. I know there are times when trading gets tough. And that just seems to be the case today.
I came back to live trading afer almost blowing first account and had a great first week with 10%+ profit. And now I´ve given back the profit and unfortunately quite a bit moreBut i hope i´m on my way.
Could not stop anyway, as i have spent far to long to just give up.
Today's market was rough, especially for this scalping method. You also need to be aware of overall trend of your pair .. remember to check the 1 hour and 4 hour charts and use TG's 'clean' 1 hour chart with just pivots and HV to get an idea qhat your pair might be up to ... don't try to buck the trend until you are a very very skilled scalper
You'll do better next week .. and unless you are just practicing in a micro account, maybe better to sit out the choppy days and just analyze what the pros in this thread are doing ... that's what I try to do. Saved myself a bundle the other day by staying out of a choppy market .. finally learning the fine art of sitting on one's hands.
*******************
I'd rather make money than be right.
- #3,286
- Jun 26, 2009 11:22am Jun 26, 2009 11:22am
Sure, can't comment on that actually. I do know of the
other two main methods presented here, ie edge
is one and the other is the one kos and gleneagles
are using and they are working very well obviously
so check them out and move on if you don't
like that method.
Brian
other two main methods presented here, ie edge
is one and the other is the one kos and gleneagles
are using and they are working very well obviously
so check them out and move on if you don't
like that method.
Brian
Hi golden,
I don't want to bash the indicators all I want to say is that from my point of view the combination of stochbars and HV doesn't work.
- #3,287
- Jun 26, 2009 11:23am Jun 26, 2009 11:23am
- | Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts
*******************
I'd rather make money than be right.
- #3,288
- Jun 26, 2009 11:24am Jun 26, 2009 11:24am
- | Membership Revoked | Joined Apr 2009 | 1,202 Posts
- #3,289
- Jun 26, 2009 11:33am Jun 26, 2009 11:33am
- | Membership Revoked | Joined Apr 2009 | 1,202 Posts
Agree .. I've been mostly doing the +5 today due also to the chop and it seems almost a no-brainer to collect your pips, especially if you are prepared to accept a slightly larger drawdown and/or 'double down' when it moves against you.
As long as initial entry was good, the pips will show up .. that's my observation today. Will experiment some more next week.
As a scalper, again, you are a pure probability theory trader. Simply stated, if you are trading a decent plan (EDGE) and have faith in said plan, then after a loss or two you simply realize that, with every loss, the ODDS start to get stacked a bit more in your favor. It just seems that we rarely suffer two consecutive losses in prime time trading. It will happen of course, but, you have to attack
such a setback!!!! Falling back 
is simply not an option.Again, I will touch on this more this weekend.
Regards.
- #3,292
- Jun 26, 2009 11:51am Jun 26, 2009 11:51am
- | Membership Revoked | Joined Apr 2009 | 2,726 Posts
- #3,293
- Jun 26, 2009 11:52am Jun 26, 2009 11:52am
- | Membership Revoked | Joined Apr 2009 | 1,202 Posts
- #3,297
- Jun 26, 2009 12:14pm Jun 26, 2009 12:14pm
- | Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts
*******************
I'd rather make money than be right.
- #3,298
- Jun 26, 2009 12:16pm Jun 26, 2009 12:16pm
- | Membership Revoked | Joined Apr 2009 | 2,726 Posts
