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  • #121
  • Sep 22, 2009 3:18am Sep 22, 2009 3:18am
Hey Jiva!

Nice thread you have going on here. I think it is was a good idea to add the second fisher. Looks like it can really help you on re-entries as well on a sustained trend. If you get a re-entry due to PA you can look to make sure both Fishers agree. However typically how I trade, my re-entry TP would be less say in this case 5-7 pips because you have no idea how long the trend is going to continue. Also this could help you with countertrend trades as well. And as always I look for a smaller TP on a CT trade should I be poised to take one. I still battle myself in trying not to take them, but hey I am a M1 trader...

Anyhow you have a nice system. I will keep on watching.

Lohad
  • #122
  • Sep 22, 2009 3:23am Sep 22, 2009 3:23am
using the fisher 10 to find continuation entry signal might look something like this as it sets up...
would look for the buy signal on the 10, and enter on 2nd bar after signal bar..
fisher 55 remaining in strong uptrend.
the 10 would show the pullback and continutation.
that's the idea anyway... Thank God for demos...
Attached Image (click to enlarge)
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  • #123
  • Sep 22, 2009 3:32am Sep 22, 2009 3:32am
Quoting lohad
Hey Jiva!

Nice thread you have going on here. I think it is was a good idea to add the second fisher. Looks like it can really help you on re-entries as well on a sustained trend. If you get a re-entry due to PA you can look to make sure both Fishers agree. However typically how I trade, my re-entry TP would be less say in this case 5-7 pips because you have no idea how long the trend is going to continue. Also this could help you with countertrend trades as well. And as always I look for a smaller TP on a CT trade should I be poised to take one....
good point, pullback and continuation can tend to be less of a move than the initial breakout.
10 pips is not a problem for the 5m, on a good breakout signal. Typically I'm seeing not less than 15 pips... nothing worse than setting the limit too high and going into the other room for a minute and missing the target as it slips back....10 is usually reached. I like that 5-7 on a continuation..
Thank you.
best wishes
jiva34

just starting to play with the continuation thing, we shall see. Whatever repainting fisher does is not causing a significant problem and is well worth tolerating for the early signals.
  • #124
  • Sep 22, 2009 3:34am Sep 22, 2009 3:34am
which way pa is going?
what kind of entry?
Attached Image (click to enlarge)
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  • #125
  • Sep 22, 2009 3:41am Sep 22, 2009 3:41am
Well being a M1 trader, I have a little different view on repainting indicators. I am trading in the "now" looking for a signal at that particular moment. I could care less about what the indicator looks like 3-4 bars earlier. For me if a repainting indicator gives false signal more times then not, well then it is just as bad as an indicator that does not repaint. If an indicator gives me signals on a higher probability trade, re-painting or not and I am successful with it, then I keep it in the tool box.

Lohad
  • #126
  • Sep 22, 2009 3:49am Sep 22, 2009 3:49am
okay, let's see how this plays out.
buy signal on 10
set tgt just below r3, (thought to go for 5-7 pips at first but will try for the resistance line...)
stop is just below r2.
several times the stop is hit because it is too close, and then the pa turns around and the original trade was good. grrrrrrrr.
problem is how much do I want to risk if the signal is not good.
So far experience has been the signals are good even if they repaint a little,
so I will move the stop a little further away to avoid getting stopped out unnecessarily..
this will be the time the signal wasn't good....
the buy signal has repainted and diappeared, this happens and then the buy signal comes back
who knows?
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  • #127
  • Sep 22, 2009 3:54am Sep 22, 2009 3:54am
just what I always wanted, another double top...
maybe not,
support on 1m at 200ema and r2
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  • #128
  • Sep 22, 2009 3:59am Sep 22, 2009 3:59am
the buy signal has returned stronger than before on the 5 min
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  • #129
  • Sep 22, 2009 4:06am Sep 22, 2009 4:06am
Quoting lohad
Well being a M1 trader, I have a little different view on repainting indicators. I am trading in the "now" looking for a signal at that particular moment. I could care less about what the indicator looks like 3-4 bars earlier. For me if a repainting indicator gives false signal more times then not, well then it is just as bad as an indicator that does not repaint. If an indicator gives me signals on a higher probability trade, re-painting or not and I am successful with it, then I keep it in the tool box.

Lohad
exactly....
what I am seeing with the fisher is that it can give signals that get me into the trade early. haven't had a bad signal yet and getting eatly has been very good.
(the trade I'm studying right now is a perfect example. At first it gave the buy signal, on the 2nd bar I went long, then it repainted and the signal disappeared, then it came back again even stronger..., now it is disappearing again...
Granted this is not my idea of in and out for quick gains, bit I want to see how this plays out. The last 3 times this happened it had a happy ending...
  • #130
  • Sep 22, 2009 4:09am Sep 22, 2009 4:09am
okay, I'm glad this is happening on the demo.
This is what people complain about with an indi that repaints.
They get the signal, get into the trade and then the signal disappears.
What kind of an ending this time, the last 3 times it was a happy ending..
The original signal was good... even with all the "waffling"
The fluctuating is taking place in the 10, the 55 is remaining above the 0 line...
Attached Image (click to enlarge)
Click to Enlarge Name: continuation7.gif Size: 43 KB
  • #131
  • Sep 22, 2009 4:20am Sep 22, 2009 4:20am
Well I do not really follow the AU that much, but it appears that you could be being into a strong area of long term Resistance. Take a look at 1HR chart zoomed out. I could be wrong. As I said, I do not follow this pair. If I am wrong I apologize.

Lohad
  • #132
  • Sep 22, 2009 4:36am Sep 22, 2009 4:36am
Quoting lohad
Well I do not really follow the AU that much, but it appears that you could be being into a strong area of long term Resistance. Take a look at 1HR chart zoomed out. I could be wrong. As I said, I do not follow this pair. If I am wrong I apologize.

Lohad
from the looks of the last consolidation, this could be a while
probably right into the US equities mkt open...
so much for quick in and out....
not much data today, so the stock mkts will sway things no doubt..

I see what you mean on the higher time frames.
If and when it breaks out it would be a new leg up...
only looking for 10 pips, I'll take 5...
yawn...
Attached Image (click to enlarge)
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  • #133
  • Sep 22, 2009 4:42am Sep 22, 2009 4:42am
that is why I was only using the fisher set to 55. this repainting is greatly reduced, like irrelevant. but set to 55 it only identifies trend changes.
On the 10 setting it is more sensitive, so I was hoping the 10 setting could identify the continuations after the pullbacks, but it can make me pull my hair out....
just experimenting with trying to find trend continuations signals, this may not be it....
maybe I am just being impatient..
what else is new???
Attached Image (click to enlarge)
Click to Enlarge Name: continuation9.gif Size: 43 KB
  • #134
  • Sep 22, 2009 5:13am Sep 22, 2009 5:13am
got out with 1 pip
who knows maybe this is the upside break out trade of the century...
It's not my strategy for trading the 5 min.
Attached Image (click to enlarge)
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  • #135
  • Sep 22, 2009 5:20am Sep 22, 2009 5:20am
these are the signals I want to look for on the 10.
the 55 remaining below zero and the 10 dipping and continuing
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  • #136
  • Sep 22, 2009 5:40am Sep 22, 2009 5:40am
gonna have to forget about using the fisher 10. it repaints so much that by the time it shows the entry for a continuation the pa is way out of range.
fisher 55 is alright for trend changes, but fisher 10 no go...
will continue to try to identify continuation entries by watching the 1 min.
pullbacks on the 5m should look like a mini reversal on the 1 min.

the strategy will manifest when it's ready.

just keep plugging away at it and remain open for ideas.

Sure would be nice to have a sound alert for the cross of the 0 line.
Anyone out there into coding one?
best wishes,
jiva34
Attached File(s)
File Type: mq4 fisher1.mq4   2 KB | 325 downloads
File Type: ex4 fisher1.ex4   3 KB | 255 downloads
  • #137
  • Sep 22, 2009 9:27am Sep 22, 2009 9:27am
just had to evacuate my apartment.
flooded. The river is overflowing and they came in boats into the parking lot.
good thing the motel has wi fi...

jiva34 (with webbed feet)
  • #138
  • Sep 22, 2009 10:04am Sep 22, 2009 10:04am
Hi Jiva, Sorry about your apartment. I have an idea on your fisher. Since setting it at 55 cuts down on the repainting issue open a one minute chart and a 5 minute chart. Have the fisher set to 55 on each. When the one minute changes direction place a trade if 5 minute chart is in agreement. I traded this way the last 24 hours and it works well. You stay in a trade a little longer but you dont get wipsawed. Give it a try.
  • #139
  • Sep 22, 2009 10:33am Sep 22, 2009 10:33am
I was going to suggest the same thing. I think Jiva34 has a solid method. If he (if Jiva34 is a female, I'm sorry) wants to trade the re-entries, I believe your suggestion will work just fine. I've backtested the same thing and it does work well.

I would also suggest that if anybody uses the 1min and 5min, I don't think a ton of multiple pairs would be needed. You would probably miss out by trying to scan all the multiple pairs. I would suggest sticking with no more than 2 pairs so you don't have information overload. By taking the trades off the 1min chart also, you should have enough trades to feed your appetite.



Quoting cjd
Hi Jiva, Sorry about your apartment. I have an idea on your fisher. Since setting it at 55 cuts down on the repainting issue open a one minute chart and a 5 minute chart. Have the fisher set to 55 on each. When the one minute changes direction place a trade if 5 minute chart is in agreement. I traded this way the last 24 hours and it works well. You stay in a trade a little longer but you dont get wipsawed. Give it a try.
  • #140
  • Sep 22, 2009 10:34am Sep 22, 2009 10:34am
Sorry to hear that. I hope everything is okay.
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