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HA T3-1 System

  • #681
  • Feb 17, 2010 9:30am Feb 17, 2010 9:30am
Quoting lgtj
Yes, I do. I can't post a chart right now because I'm at work but I have 9 trades open right now. 4 of them are at break even +. The pairs are audusd, audjpy (2 positons), nzdusd, usdjpy (2 positions), usdcad, chfjpy, and eurjpy.
Wow! Are these 9 opening trades on your live account? I think you don't take them at the same time, right?
How about your exit? Do you do the same strategy as Tony's on his video?

Thanks

Watch your boss by the way, lol.
  • #682
  • Feb 17, 2010 9:31am Feb 17, 2010 9:31am
Quoting tonyb123
nice trades and posts. Thanks for picking up the slack, tony
You're welcome, and I'm glad to help in any way that I can.
  • #683
  • Feb 17, 2010 9:33am Feb 17, 2010 9:33am
Watch out for loading up your positions in one currency group at the same time, like the jpy pairs.
MY GRID. Markets are NOT random.
  • #684
  • Feb 17, 2010 9:42am Feb 17, 2010 9:42am
Quoting 2010
Wow! Are these 9 opening trades on your live account? I think you don't take them at the same time, right?
How about your exit? Do you do the same strategy as Tony's on his video?

Thanks

Watch your boss by the way, lol.
Yes, all of the trades that I post are on my "live account". No I don't take them all at the same time. I use a trailing stop on all of my trades. For example: The add on audjpy long trade that I took early this morning is currently at break even +. My entry on this trade was at 81.52 s/l @ 81.00, and trail stop was set at 55 pips. The usdjpy long trades that I took this morning are currently in profit. Once price reaches 91.12, then both of these positions will be at break even. I have to use trailing stops for my trades because I can't monitor them during the day.
  • #685
  • Feb 17, 2010 9:42am Feb 17, 2010 9:42am
Again, where is your screen shot of your trades?
MY GRID. Markets are NOT random.
  • #686
  • Feb 17, 2010 9:43am Feb 17, 2010 9:43am
Hi Tony,

Glad that's you're back. You said that we should load indicators in live account but indicators of H4 or M30 or both? Do we need 2 live accounts for H4 and M30 respectively?

Thank you,
Regards,
  • #687
  • Feb 17, 2010 9:45am Feb 17, 2010 9:45am
Sorry Tony, i have to go away right now!
Be back later....
  • #688
  • Feb 17, 2010 9:47am Feb 17, 2010 9:47am
Thanks lgtj, Great job!
Good luck for your trading!
I am waiting to see your screen-shorts.
  • #689
  • Feb 17, 2010 9:48am Feb 17, 2010 9:48am
Quoting 2010
Thanks lgtj, Great job!
Good luck for your trading!
I am waiting to see your screen-shorts.
I'll post them later on today.
  • #690
  • Feb 17, 2010 9:52am Feb 17, 2010 9:52am
Quoting keith
hi tony,

glad that's you're back. You said that we should load indicators in live account but indicators of h4 or m30 or both? Do we need 2 live accounts for h4 and m30 respectively?

Thank you,
regards,
hi keith, i have 2 instances of my live account open. One for my 4 hour charts and the second for my 30 min charts. My alerts are active for all pairs on the 4 hour chart. When i get a tradeable signal from the 4 hour charts i go to my 30 min charts and turn the alerts on for that pair only. When i get the alert on that pair in the right direction i place the trade. Hope this helps, tony
MY GRID. Markets are NOT random.
  • #691
  • Feb 17, 2010 9:55am Feb 17, 2010 9:55am
Quoting 2010
thanks lgtj, great job!
Good luck for your trading!
I am waiting to see your screen-shorts.
no we don't want to see your shorts...lolol
MY GRID. Markets are NOT random.
  • #692
  • Feb 17, 2010 10:04am Feb 17, 2010 10:04am
Thanks Tony

Your answer is helpful for me as usual. This week is holiday here so I will focus on forward testing it next week

Thank you,
Regards
  • #693
  • Feb 17, 2010 10:06am Feb 17, 2010 10:06am
I hope you dont mind this one, since the 4H says long, thus, its a countertrend

But the 30m gave this signal at the right time of the day and it has turned out very well

Lovely chart IMHO
Attached Image (click to enlarge)
Click to Enlarge Name: eur30m.gif Size: 15 KB
  • #694
  • Feb 17, 2010 10:15am Feb 17, 2010 10:15am
Yes, a lot of counter trend trades would turn out very well, but we are looking for sure signs on the larger time frames to qualify entering them. This will keep us from getting caught with our shorts down. Tony
MY GRID. Markets are NOT random.
  • #695
  • Feb 17, 2010 10:18am Feb 17, 2010 10:18am
Well, I have started to test this system on my live micro account and noticed, that many my good trades is stopped out at BE, after I move my Stop Loss to BE level, or even more: after going to right direction price revereses and hits my SL with loss...

I have changed the way like my trades will start and how I manage my SL/TP.

Maybe for someone here this information will be interesting and may help:

1) When I get signal on H4 and M30 I will look to make sure, pair is not ranging. If I think pair is ranging, then I will actively monitor this pair for breakout of range. I use for this Pivot points and Support/Resistances.
2) If pair is not ranging and everything looks good, or pair breakouts range channel to right direction, then I open trade by all Tony rules with 2 lots.
3) After trade is open, I actively monitor trade on M30 chart with pivots and S/R to see signs of price move slowing down or retrace (especially on Pivot's or support/resistance levels).
4) If price move slows down or retracing starts, or hits same amount of pips in profit like my Stop Loss, then I close 1 lot for profit and move second lot's Stop Loss to Break Even+1pip.
5) Last open lot I trailing on H4 by using Tony trailing rules (last three candles highs/lows).

This will help me make profit even if there is no big price moves or price retraces back. I noticed, that retracement after 30-40pips move into profit is frequent.

Hope this helps to someone.
  • #696
  • Feb 17, 2010 10:27am Feb 17, 2010 10:27am
Quoting murano
well, i have started to test this system on my live micro account and noticed, that many my good trades is stopped out at be, after i move my stop loss to be level, or even more: After going to right direction price revereses and hits my sl with loss...

I have changed the way like my trades will start and how i manage my sl/tp.

Maybe for someone here this information will be interesting and may help:

1) when i get signal on h4 and m30 i will look to make sure, pair is not ranging. If i think pair is ranging, then i will actively monitor this...
why are you testing this on your live account?
MY GRID. Markets are NOT random.
  • #697
  • Feb 17, 2010 10:31am Feb 17, 2010 10:31am
Quoting murano
well, i have started to test this system on my live micro account and noticed, that many my good trades is stopped out at be, after i move my stop loss to be level, or even more: After going to right direction price revereses and hits my sl with loss...

I have changed the way like my trades will start and how i manage my sl/tp.

Maybe for someone here this information will be interesting and may help:

1) when i get signal on h4 and m30 i will look to make sure, pair is not ranging. If i think pair is ranging, then i will actively monitor this...
you are moving your stops to b/e too soon then or like you said, the pair is ranging. Please post some screen shots before you post advice how to trade this. Tony
MY GRID. Markets are NOT random.
  • #698
  • Feb 17, 2010 10:33am Feb 17, 2010 10:33am
Hi Tony, Thank you for this system. It looks very promising. I still in learning process. I have a question here and shall be glad if you willing to answer.

if H4 have alert for sell, Haiken Ashi in red colour, the trend lord in blue colour but small bar. AO positive with blue bar. While 30M alert sell before H4, Haiken Ashi in red. The LNX in red. AO negative with red bar.

Under this condition, May I go for short ?
  • #699
  • Feb 17, 2010 10:38am Feb 17, 2010 10:38am
guys i do not want to scare people off but i must incorporate this rule. You must post a screen shot of your trend chart and your trade entry chart explaining the reason for taking the trade (according to the entry rules, nothing else; ie; your methods) before you can give advice to other traders on how to trade this system. Also do not test any system with your live account. That is plain wrong. Tony
MY GRID. Markets are NOT random.
  • #700
  • Feb 17, 2010 10:41am Feb 17, 2010 10:41am
Quoting tonyb123
why are you testing this on your live account?
First of all, thank you Tony for this brilliant system!

I'm testing this on live account, because I do not rely on my demo trading results.

When You trade manualy on demo account, you do not have feeling on the real loss/profit. This affects decision making and etc. This is human psychology.

Thats why people make good profit on demo accounts and goes to loss in real accounts on the same system.

In demo accounts I only doing very first test of the system, or testing indicators or EAs.

But if I see that system is good, then to prove system profitability and to test system, I'm going to real account.
This may be very very small account like micro or cent account (some brokers provide cents accounts). Or, like in Oanda, you can trade not in lots, but in units as small as 1USD.

If you can make consistent profit by using system in small real account, then you can trade system on normal account.
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