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Lohad - Final Cut - M1 System

  • #61
  • Oct 21, 2009 4:37pm Oct 21, 2009 4:37pm
Quoting stevewide
nice winning! look forward to your ideas and improvements.
S
Thanks Steve! I hope it is working for you as well. I will say the system has proven to be very good during high volume times. It has consistently proven to be very good from London open to about 10:00 AM Cst for the NY session (About when the NY traders think about going to lunch). After that it seems to get you in a tad late.

I said earlier I am devising the same mechanics for a range situation. However I should say that it is more geared to a low volume situation where scalps around 5 pips should be easy to get. I am field testing it at the moment on my live account. Once I feel comfortable with it, I will post.

Thanks again!

Lohad
  • #62
  • Oct 21, 2009 5:20pm Oct 21, 2009 5:20pm
here's one size fits all MTF colored RSI you could use to replace your super rsi in the future.

Steve
Attached File(s)
File Type: mq4 RSI_Color_RSI_v1.01_Maxim.mq4   14 KB | 599 downloads
  • #63
  • Oct 21, 2009 8:06pm Oct 21, 2009 8:06pm
Thanks Steve,

I will take a look at the RSI indicator you posted.

Lohad
  • #64
  • Oct 22, 2009 12:30am Oct 22, 2009 12:30am
Very nice. the "1/3, 2/3/ 3/3" simple and obvious concept but until you spelled it out and showed how you use it, well it saled right past me. A way to further process the data.
Rating the ops. Makes perfect sense.
You are a regular gold mine...
best wishes,
as ever..
jiva34
  • #65
  • Oct 22, 2009 3:33am Oct 22, 2009 3:33am
Quoting jiva34
Very nice. the "1/3, 2/3/ 3/3" simple and obvious concept but until you spelled it out and showed how you use it, well it saled right past me. A way to further process the data.
Rating the ops. Makes perfect sense.
You are a regular gold mine...
best wishes,
as ever..
jiva34
Jiva,

Thank you for the kind words. Happy trading to you!

Lohad
  • #66
  • Oct 22, 2009 3:35am Oct 22, 2009 3:35am
Wow,

Attached is a chart on a GU short that I just took. I was so ingrained on getting my signal that I failed to remember that news was coming. Scared the living crap out of me. I got out as soon as I could. +26, bur VERY VERY VERY lucky.

Lohad
Attached Image (click to enlarge)
Click to Enlarge Name: aaa.gif Size: 65 KB
  • #67
  • Oct 22, 2009 3:58am Oct 22, 2009 3:58am
I am having a hard time fighting off counter trend trades. I have such a good streak for me going, a little over 3 weeks without a CT. But it is getting tougher and tougher not to go after them especially when I can see them coming.

Dont do it, Dont do it.

Lohad
  • #68
  • Oct 22, 2009 7:56am Oct 22, 2009 7:56am
Quoting lohad
I am having a hard time fighting off counter trend trades. I have such a good streak for me going, a little over 3 weeks without a CT. But it is getting tougher and tougher not to go after them especially when I can see them coming.

Dont do it, Dont do it.

Lohad
if you feel the urge, do it in a demo and see how you would have lost the money....
reversal is good, that is something else,
counter trend is shallow and with very little conviction,
going down in counter trend means lack of buyers, not nec. sellers, and going up in counter trend means lack of sellers, not nec. buyers, so there is no umph...
the move is based on a lack of participation, not enthusiasm which is what a scalper needs, in order to avoid big risk...
CTA.. Counter Trend Anonymous support group..
  • #69
  • Oct 22, 2009 11:26am Oct 22, 2009 11:26am
Quoting jiva34
if you feel the urge, do it in a demo and see how you would have lost the money....
reversal is good, that is something else,
counter trend is shallow and with very little conviction,
going down in counter trend means lack of buyers, not nec. sellers, and going up in counter trend means lack of sellers, not nec. buyers, so there is no umph...
the move is based on a lack of participation, not enthusiasm which is what a scalper needs, in order to avoid big risk...
CTA.. Counter Trend Anonymous support group..
I will take a counter trend trade if the target is clear...
  • #70
  • Edited 8:00pm Oct 22, 2009 2:46pm | Edited 8:00pm
While missing market moves thinking its a slow time of day, I made the following template with the indicators Lohad has plus two new indicators that replace his super rsi. Finally, I placed all the indicators in one window.
This is identical to Lohad's just compact.

Don't think this will distract from the thread; someone might want to use this.

I seem to be better at reducing indy's and clutter than trading.

Steve
Attached Image (click to enlarge)
Click to Enlarge Name: one window look.gif Size: 36 KB
Attached File(s)
File Type: ex4 RSI_Color_RSI_v1.01_Maxim.ex4   15 KB | 531 downloads
File Type: mq4 RSI-3TF.mq4   5 KB | 552 downloads
File Type: tpl lohad final cut.one window.tpl   4 KB | 493 downloads
  • #71
  • Oct 22, 2009 6:53pm Oct 22, 2009 6:53pm
Thank you Steve for the template. I like the one window look. I will have a look at it tonight. Please allow me to make a few changes as I eluded to earlier to help with low volume times. I am finding it can be helpful during all trading conditions, which I hope is the case so I do not have to switch templates depending on market conditions.

Thanks for your help!

Lohad
  • #72
  • Oct 22, 2009 7:38pm Oct 22, 2009 7:38pm
Lohad;
wonderful! thanks.
Steve
  • #73
  • Oct 23, 2009 6:15am Oct 23, 2009 6:15am
Nice short on GU,

Attached a pic on the Short I took for this GU trade +20. Thanks Steve for the new template. I like the cleaner look. Nothing to brag about though, thought I would CT trade the GU after the big drop and got my hand smacked - 15. Overall +7 for the AM.
Attached Image (click to enlarge)
Click to Enlarge Name: aaa.gif Size: 67 KB
  • #74
  • Oct 23, 2009 7:44am Oct 23, 2009 7:44am
am trying your set up, modified version of course...
esp the 3tf rsi....
  • #75
  • Oct 23, 2009 8:04am Oct 23, 2009 8:04am
Quoting jiva34
am trying your set up, modified version of course...
esp the 3tf rsi....
As always I will be interested in what you come up with. I may send you the template I am working on over the weekend in case you want to run it through the simulator. Pretty much the same as the original but one more imbedded tool to try to help with low volume times

Lohad
  • #76
  • Edited 12:54pm Oct 23, 2009 8:49am | Edited 12:54pm
for discussion purposes would you take these trades marked with yellow vertical line?

Entry was FXI crossing its trigger line.

I am having trouble with entering late and was wondering if I should enter with 1m rsi changing color plus FXI sloping in trade direction or should I wait for FXI to cross zero line?

Thanks,

Steve
Attached Image (click to enlarge)
Click to Enlarge Name: gu lohad.gif Size: 48 KB
  • #77
  • Oct 23, 2009 8:07pm Oct 23, 2009 8:07pm
Quoting stevewide
for discussion purposes would you take these trades marked with yellow vertical line?

Entry was FXI crossing its trigger line.

I am having trouble with entering late and was wondering if I should enter with 1m rsi changing color plus FXI sloping in trade direction or should I wait for FXI to cross zero line?

Thanks,

Steve
Steve,

I am going to answer these from left to right. Left one being #1

#1: I watched this move and chickened out. It was a nice 2/3 signal, but what bothered me was a) News was approaching, however I only bow out 15 minutes before, b) was too close to the 200 MA so I did not pull the trigger. However I wish I did afterwards.

#2: Yes, I DID take this entry. Was a perfect 3/3 entry.

#3: Yes, a nice 3/3 set up. I missed this move. Nice Entry.

#4 This is what I call a CT, PA Below 200 ma, therefore I am looking for only shorts. However I have been tempted to CT trade and I did try one today, not good. So I try to focus to not take it, but if I was to CT trade this is the type of signal I would have looked for.

#5 No I would not have taken this. Too close to the 200 MA plus it is a CT.

#6 PERFECT ENTRY! 3/3 Signal, bounced off 200 MA wish I was there to take it.

Please feel free to ask more questions.

Hope this helps.

Lohad
  • #78
  • Oct 24, 2009 8:28am Oct 24, 2009 8:28am
Quoting lohad
Nice short on GU,

Attached a pic on the Short I took for this GU trade +20. Thanks Steve for the new template. I like the cleaner look. Nothing to brag about though, thought I would CT trade the GU after the big drop and got my hand smacked - 15. Overall +7 for the AM.
What indi is the dots?
can you post it?
  • #79
  • Oct 24, 2009 9:55am Oct 24, 2009 9:55am
notice the correlation between max and macd
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 58 KB
  • #80
  • Oct 25, 2009 7:17pm Oct 25, 2009 7:17pm
Quoting jiva34
What indi is the dots?
can you post it?

Jiva the Indi is called "Robby DSS Bressert. I will update how I am using it as soon as I can. Ran out of time over the weekend.

Lohad
Attached File(s)
File Type: mq4 Robby DSS Bressert Colored v1.1.mq4   3 KB | 518 downloads
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