Fisher | Page 10 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

ACD Method by Mark Fisher 34 replies

Mark B. Fisher 4 replies

Need help with Fisher Yurik histogram system 4 replies

Attachments: Fisher
Exit Attachments

Fisher

  • #181
  • Sep 23, 2009 9:27am Sep 23, 2009 9:27am
this happens a lot. If the stop is too close, get stopped out of the trade before it has a chance to turn around.
the fisher buy signal is now coming back, stronger...
do I dare enter again?
yes
stop loss below swing low on 5 min
tgt just below trend line resistance on 15 min
Attached Image (click to enlarge)
Click to Enlarge Name: eur17.gif Size: 64 KB
  • #182
  • Sep 23, 2009 9:40am Sep 23, 2009 9:40am
Siuol is on the case!!!
Alright.
Getting ready to mix things up!!! Not as in "mixed up" but as in "mixing it up"
like really getting things going........
the alert is being worked on
moetzger has offered to code it....
phew.... what a blessing that's going to be....
  • #183
  • Sep 23, 2009 9:46am Sep 23, 2009 9:46am
Yes, I will post my screenshots only if that's okay with you. This is your thread and I don't want to disturb what you have going.

I just figure a little spice can't hurt. I'm still using the same indicator with the same settings. I'm just adding P-Sar because I know you are having trouble with when to determine when and were to exit. Hopefully my results will shed some light on some possibilities.

Where can I find the pivot point indicator you use on your charts?


Quoting jiva34
Siuol is on the case!!!
Alright.
Getting ready to mix things up!!! Not as in "mixed up" but as in "mixing it up"
like really getting things going........
the alert is being worked on
moetzger has offered to code it....
phew.... what a blessing that's going to be....
  • #184
  • Sep 23, 2009 9:47am Sep 23, 2009 9:47am
the trade was stopped out again and again the buy signal disappeared.

I think I am not paying enough attention to the major trend which can be seen on the 15 min. It is down, has remained down the whole time. Trying to buy the buy signals on the 5m was simply trying to trade counter trend, which is not a good trade since there is so much resistance in that direction, like trying to swim up current...
If the 15 is below zero then only short trades should be taken on the 5 min.
Let me try to keep that in mind.
Attached Image (click to enlarge)
Click to Enlarge Name: eur17.gif Size: 62 KB
  • #185
  • Sep 23, 2009 9:51am Sep 23, 2009 9:51am
actually, dying to see your setups....
here's the pivot indi
I've updated (somewhat) the 1st page of the thread.
Attached File(s)
File Type: ex4 DailyWoodPivot.ex4   6 KB | 255 downloads
  • #186
  • Sep 23, 2009 10:03am Sep 23, 2009 10:03am
This is what trading is about...going through the ups and downs. It happens to all of us. Your honesty is so refreshing. So many people will just come up with an excuse. I agree with you that trading in the direction of the 15min chart is best.

I will actually cut down to 2 pairs rather than the 4 majors. I will trade E/U and U/J. I currently trade E/U and have been for years so I'm very solid with it's be havior. I chose U/J because with my live broker (I'm starting on demo but have no doubt I will see enough to trade it in my live account) it has almost the exact same spread as I get on E/U.

Stick with watching the 15min for trend direction and enter on the 5 min chart and you should have less stressful trades. Always remember, the trend is your friend. Counter-trend trading can be profitable but stressful too. For me, it's just not worth the level of stress.

Quoting jiva34
the trade was stopped out again and again the buy signal disappeared.

I think I am not paying enough attention to the major trend which can be seen on the 15 min. It is down, has remained down the whole time. Trying to buy the buy signals on the 5m was simply trying to trade counter trend, which is not a good trade since there is so much resistance in that direction, like trying to swim up current...
If the 15 is below zero then only short trades should be taken on the 5 min.
Let me try to keep that in mind.
  • #187
  • Sep 23, 2009 10:04am Sep 23, 2009 10:04am
Thanks, I'm dying to post my setups. It's a shame how a J-O-B can get in the way!

Quoting jiva34
actually, dying to see your setups....
here's the pivot indi
I've updated (somewhat) the 1st page of the thread.
  • #188
  • Sep 23, 2009 10:07am Sep 23, 2009 10:07am
Quoting Siuol
Thanks, I'm dying to post my setups. It's a shame how a J-O-B can get in the way!
Idea is to get the job out of the way
  • #189
  • Sep 23, 2009 10:12am Sep 23, 2009 10:12am
this is why those signals for the last 2 trades were not to be taken even though they fit the original requirements, a second bar appeared after a signal bar.
the trend was not supporting on the higher time frame.
Here it is again.
If anything they could be showing the pullback entries I was so keen on trying to find earlier in the forum.
So the trade is not a buy on the countertrend buy signal on the 5m but a short when it crosses back below the zero on the 5m because the 15m trend is still down.
Attached Image (click to enlarge)
Click to Enlarge Name: eur17.gif Size: 60 KB
  • #190
  • Sep 23, 2009 10:20am Sep 23, 2009 10:20am
I like that!

Quoting jiva34
Idea is to get the job out of the way
  • #191
  • Sep 23, 2009 10:21am Sep 23, 2009 10:21am
Did you enter on the cross back below?

Quoting jiva34
this is why those signals for the last 2 trades were not to be taken even though they fit the original requirements, a second bar appeared after a signal bar.
the trend was not supporting on the higher time frame.
Here it is again.
If anything they could be showing the pullback entries I was so keen on trying to find earlier in the forum.
So the trade is not a buy on the countertrend buy signal on the 5m but a short when it crosses back below the zero on the 5m because the 15m trend is still down.
  • #192
  • Sep 23, 2009 10:24am Sep 23, 2009 10:24am
then time to enter short
that these brief buy signals on the 5 that repaint and disappear are actually the pullback signals and entry points for continuation of the down trend.
As such let's check it out.
Entered short
stop well above the 200 ema on the 5m
tgt (very boldy placed) just above 200 ema on the 30 min (doesn't show on charts)
that's a frustration with the charts on meta, can't move the plots around to allow for future movements up and down and further into the future than the chart shift function allows for..
It's probably silly to even try to trade at all right now, since it's almost lunch time est, zzzz, and the pairs will mostly tread water until after the Fed speak 2:15 pm est...
will follow the trade anyway, educational...
Attached Image (click to enlarge)
Click to Enlarge Name: eur19.gif Size: 61 KB
  • #193
  • Sep 23, 2009 10:30am Sep 23, 2009 10:30am
Quoting Siuol
Did you enter on the cross back below?
yes
but it's almost lunch time, zzzzz
and Fed speak in couple of hours...
don't expect anything significant.
just for study purposes..
  • #194
  • Sep 23, 2009 10:32am Sep 23, 2009 10:32am
the price action is sitting on the pivot point and will probably just sit right there for 2 hours.... until Fed speak.
  • #195
  • Sep 23, 2009 10:35am Sep 23, 2009 10:35am
Nothing wrong with educational purposes. This will let you know if it's worth taking trades so close to lunch time in your live account. I suggest to anybody to use a demo account in many ways. It can be very beneficial.

Quoting jiva34
then time to enter short
that these brief buy signals on the 5 that repaint and disappear are actually the pullback signals and entry points for continuation of the down trend.
As such let's check it out.
Entered short
stop well above the 200 ema on the 5m
tgt (very boldy placed) just above 200 ema on the 30 min (doesn't show on charts)
that's a frustration with the charts on meta, can't move the plots around to allow for future movements up and down and further into the future than the chart shift function allows for..
It's probably silly to even...
  • #196
  • Sep 23, 2009 11:24am Sep 23, 2009 11:24am
good one
Attached Image (click to enlarge)
Click to Enlarge Name: eur20.gif Size: 60 KB
  • #197
  • Sep 23, 2009 11:32am Sep 23, 2009 11:32am
question is, is this another brief buy signal on the 5m that is going to disappear and show a pullback and continuation signal like the last signal, which was good..
so I should wait until fisher crosses below 0 again?
guess so.
of course it is lunchtime est, zzz and Fed speak in 1 1/2 hours...
Attached Image (click to enlarge)
Click to Enlarge Name: eur22.gif Size: 59 KB
  • #198
  • Sep 23, 2009 11:43am Sep 23, 2009 11:43am
waiting for a cross below 0 on 5 min to signal a continuation....
Attached Image (click to enlarge)
Click to Enlarge Name: eur23.gif Size: 59 KB
  • #199
  • Sep 23, 2009 11:50am Sep 23, 2009 11:50am
on the other hand if fisher crosses up over the 0 line on the 15m then that would be enter long.....
evidently using the 5m and the 15m is a better combination than trying to use the 1m and the 5m...

then again with about an hour until Fed speak, maybe no one going anywhere.....
Attached Image (click to enlarge)
Click to Enlarge Name: eur24.gif Size: 60 KB
  • #200
  • Sep 23, 2009 12:24pm Sep 23, 2009 12:24pm
oh ghee, if I had taken that buy signal on the 5m, just see I could have had a good trade...
nada.....
still a counter trend trade since, 15m fisher is still below 0.
thing about the countertrend signals is that sometimes they can move pretty decently but more often than not they are short little moves. Not worth the risk....

better to wait to see if the reversal is for real by getting buy signal on 15 m. and then only going long on the 2nd bar after the signal and 5m has to still be above 0.....
Attached Image (click to enlarge)
Click to Enlarge Name: eur25.gif Size: 59 KB
1 trader viewing now