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Peaks and Valleys (Trading Naked)

  • #501
  • Sep 1, 2008 4:02am Sep 1, 2008 4:02am
Quoting Syafi
This system is traded by the pros, who rarely answers questions,
it too easy and it works..
Are YOU such a pro trader!?
  • #502
  • Sep 1, 2008 6:15am Sep 1, 2008 6:15am
I answer your question didn't I ? so i am not such pro trader with this system, ...

but really, its easy........ just take the trade when it break previous support/resistance, with SL below or higher previous Support Resistance
at market active time..
  • #503
  • Sep 3, 2008 8:49am Sep 3, 2008 8:49am
Hey all,

I know I'm late to the game here, but I like this thread. I've most recently been trading Bill Williams Chaos, which is a great trend following system that advocates pyramiding your positions, but I think it is often unecessarily complex. This looks much simpler and should probably produce similar results. I believe that adding into your winning positions is the way to go.

A question if anybody is still following this and trading it. Was it ever clearly decided what the best entry is for this? By that I mean, should the entry be made on the break of the (average price) line chart's peak/valley, or should it be on the fractal high/low of a candle/bar?

I'll probably go back and read the thread again, but I'm just looking for opinions on this.


Cheers,
Richard
  • #504
  • Sep 3, 2008 9:07am Sep 3, 2008 9:07am
Hello, I rather like this strategy myself, though for some reason I have been following other things. According to Syafi, this is a strategy that the pros use, of a sort. Anyway, the PDF explains entries and exits pretty well. This is a simple system that really seems logical. I use the Melpheos for defining the peaks and valleys. The PDF and Melpheos are in the paperclip collection up top. Good luck!
Attached File(s)
File Type: pdf Peaks and Valleys.pdf   102 KB | 1,134 downloads
  • #505
  • Sep 3, 2008 9:30am Sep 3, 2008 9:30am
Quoting Richard7
Hey all,

I know I'm late to the game here, but I like this thread. I've most recently been trading Bill Williams Chaos, which is a great trend following system that advocates pyramiding your positions, but I think it is often unecessarily complex. This looks much simpler and should probably produce similar results. I believe that adding into your winning positions is the way to go.

A question if anybody is still following this and trading it. Was it ever clearly decided what the best entry is for this? By that I mean, should the entry be made on the break of the (average price) line chart's peak/valley, or should it be on the fractal high/low of a candle/bar?

I'll probably go back and read the thread again, but I'm just looking for opinions on this.


Cheers,
Richard
There is no right way,...... pick one and goes with it...... try in on 15m chart using micro lot for a week or two, then if you dont like it change to other entry exit such as break body? or break line etc.. take what work for you then move on to higher timeframe, 4h is best to catch really big move,
you would be up ~1800 pip on GU by now

an example using a 4H line chart
Attached Image (click to enlarge)
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  • #506
  • Sep 3, 2008 11:00am Sep 3, 2008 11:00am
Thanks to you both for the help. I think I'll go with the line charts; it looks cleaner and easier to see the peaks and valleys. I've always used candles so it'll take a little getting used to reading it correctly. I'll be trading 4H and daily charts, so I'll have to figure out stops differently. I think I'll start with the last P/V previous to the entry, and if thats' too far away maybe I'll use ATR, say 1.5 x the 10 period average. I just want it to be simple. The best traders I know of that last the longest don't complicate things too much.....


Cheers,
Richard
  • #507
  • Sep 3, 2008 11:10am Sep 3, 2008 11:10am
ATR ?? that's too many indicator on the chart.......
  • #508
  • Sep 3, 2008 1:40pm Sep 3, 2008 1:40pm
Quoting Syafi
ATR ?? that's too many indicator on the chart.......
Don't worry, I figure out the daily ranges myself, no indicators....
  • #509
  • Sep 15, 2008 4:47am Sep 15, 2008 4:47am
Can me somebody tell what is the best Timeframe and currency pairs in usin this system? Do you use Fibo for exits? Do you use some indicators and TA or just trading whats you see on the line chart? Thank you, Greetings,
  • #510
  • Oct 29, 2009 2:24pm Oct 29, 2009 2:24pm
Quoting lite27
Can me somebody tell what is the best Timeframe and currency pairs in usin this system? Do you use Fibo for exits? Do you use some indicators and TA or just trading whats you see on the line chart? Thank you, Greetings,
Another one bites the dust
every Saint has a past. Every Sinner has a Future
  • #511
  • Mar 20, 2010 1:35am Mar 20, 2010 1:35am
Quoting turnip15
Another one bites the dust
No wonder the 95%.
.
  • #512
  • Mar 20, 2010 1:46am Mar 20, 2010 1:46am
Rac told me about the line chart 2-3 months ago and i started testing it. I am having very good results in trending conditions of last 3 months (on demo).

Well in these last 2 months i started to see many patterns jumping out at me. For example the "reversal pattern" and i thought i made a new discovery. lol

So now i have found this great thread (and some brilliant PDF's) i will try to post some charts/thoughts/idea's in future.
..
  • #513
  • Mar 20, 2010 9:47pm Mar 20, 2010 9:47pm
Quoting nasir.khan
Rac told me about the line chart 2-3 months ago and i started testing it. I am having very good results in trending conditions of last 3 months (on demo).

Well in these last 2 months i started to see many patterns jumping out at me. For example the "reversal pattern" and i thought i made a new discovery. lol

So now i have found this great thread (and some brilliant PDF's) i will try to post some charts/thoughts/idea's in future.
..
I agree, this was a great thread. I've re read a lot of posts many times. Swingtrade65's helped a lot. I don't trade the same way but It made me think and work out my own way.
FF journal: Peaks and Troffs
  • #514
  • Mar 22, 2010 1:17am Mar 22, 2010 1:17am
Ok here is the First one.
.
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  • #515
  • Mar 22, 2010 3:47am Mar 22, 2010 3:47am
Lets wait and see if this 4H close like this.
.
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  • #516
  • Mar 22, 2010 4:05am Mar 22, 2010 4:05am
Quoting nasir.khan
Lets wait and see if this 4H close like this.
.
Have you entered long at the dark blue line or are you waiting for a 4 hour close?
FF journal: Peaks and Troffs
  • #517
  • Mar 22, 2010 4:11am Mar 22, 2010 4:11am
Quoting bogus
Have you entered long at the dark blue line or are you waiting for a 4 hour close?
I am waiting for the Close.

So we could get a nice BUOB also.
.
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  • #518
  • Mar 22, 2010 4:17am Mar 22, 2010 4:17am
Quoting nasir.khan
I am waiting for the Close.

So we could get a nice BUOB also.
.
Cool. A bit of resistance above.
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FF journal: Peaks and Troffs
  • #519
  • Mar 22, 2010 4:33am Mar 22, 2010 4:33am
Quoting bogus
Cool. A bit of resistance above.
Well spotted Bogus,

But it's already tested. So this time odd's of breaking it are much higher.
.
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  • #520
  • Mar 22, 2010 4:33am Mar 22, 2010 4:33am
hi guys..according to the method..i can buy this ej from the top, as per attached?
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