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HA T3-1 System

  • #741
  • Feb 18, 2010 4:37am Feb 18, 2010 4:37am
Quoting jesperweber

Personally, I think the AO crossing back over the zero line on a closed candle would be a strong enough signal to cut losses and exit the trade.

Comments anybody?

Jesper

Hello Jesper

Great ideas.

Many thanks!

One questions. I think it's H4 when AO is cossing back?

And when it is, I like to stay in the trade any longer when Daily and/or Weekly chart shows me the main trend again (H4 is crossing just back as described but daily and weekly chart shows me the counterpart direction) and prefere only to hedge this "counterpart market order" till all turns again.

Kindest regards

Forexcube
  • #742
  • Feb 18, 2010 4:55am Feb 18, 2010 4:55am
Quoting Indrek
The shape of candles is very different on my chart... Possibly due to the settings?
Tony, could you confirm what settings are you using for HA_T3 candles? Are they default as shown in the picture or have you adjusted sth?
Hi,

I have the same setting as yours.
Attached Image
  • #743
  • Feb 18, 2010 5:09am Feb 18, 2010 5:09am
Quoting hwang ti puh
Hi, I had took LONG trade at GREEN marker, after took that trade, trend suddenly goes down & hits my SL30pips.
I though it was perfect setup.
Please comment on my trade & advice what went wrong.Thanks.
I didn't take that trade because the blue arrow on 4H appeared when Trendlord was red and AO was below 0. Yes, the blue arrow on 30M appeared when the Trendlord and AO on 4H were OK but your risk was to be stopped on a pullback on 4H since the uptrend started some bars ago and you never know when it can retrace. I prefer wait for a blue arrow on 4H after the Trendlord and AO are already OK so I'm sure the pullback is just gone and a new fresh swing is starting on 4H, then I optimize my entry on 30M. This is just a personal advice, I don't think the problem was the SL, 30-40 pips on this pair is just OK
  • #744
  • Feb 18, 2010 5:34am Feb 18, 2010 5:34am
Quoting Forexcube
Hello Jesper

Great ideas.

Many thanks!

One questions. I think it's H4 when AO is cossing back?

And when it is, I like to stay in the trade any longer when Daily and/or Weekly chart shows me the main trend again (H4 is crossing just back as described but daily and weekly chart shows me the counterpart direction) and prefere only to hedge this "counterpart market order" till all turns again.

Kindest regards

Forexcube
Yes and no, to your question. Normally it would be the H4 cross-over of the AO to indicate the trend reversal. I just put one thought out there to use a timeframe between trend (H4) and entry (M30) such as H1 to decrease exposure, should that be desired.

Jesper
  • #745
  • Feb 18, 2010 5:45am Feb 18, 2010 5:45am
Quoting hwang ti puh
Hi, I had took LONG trade at GREEN marker, after took that trade, trend suddenly goes down & hits my SL30pips.
I though it was perfect setup.
Please comment on my trade & advice what went wrong.Thanks.
Here a chart with an example of what I meant in the previous post:

GBP/USD 4H
http://img202.imageshack.us/img202/2854/gbpusd4h.gif


Look at the vertical line, that's where we have a similar situation like in your stopped USD/CHF trade: a red arrow appeared before the Trendlord and AO were OK but everything is right where there's the vertical line. The risk is that it can be just a swing down and change direction, or it can just pullback a bit ("a bit" means 30-40 pips probably) and hit your SL before continue down. I would prefer enter after a pullback and be sure a new downtrend is started or at least get the whole new swing down. What I just talked about doesn't mean that with this method you won't get a loss, I'm sure your probabilities of don't be stopped by a pullback are greater but, if your trade is right, you will earn less pips of course. It just depends how you want play and I will repeat it: this is just my style and how I prefer take a position .
  • #746
  • Feb 18, 2010 5:49am Feb 18, 2010 5:49am
Quoting Xhandal
I didn't take that trade because the blue arrow on 4H appeared when Trendlord was red and AO was below 0. Yes, the blue arrow on 30M appeared when the Trendlord and AO on 4H were OK but your risk was to be stopped on a pullback on 4H since the uptrend started some bars ago and you never know when it can retrace. I prefer wait for a blue arrow on 4H after the Trendlord and AO are already OK so I'm sure the pullback is just gone and a new fresh swing is starting on 4H, then I optimize my entry on 30M. This is just a personal advice, I don't think...
Hi,

I though once AO is above zero (AO just start 1st bar above zero) & trendlord is blue, HA is uptrend on time 00:00, it means good to look at M30 for entry. This is not right?
Understand that HA was trigger 3 bars earlier before my H4 marking, does this mean the chance of correct entry is lower?
Do I need to wait for the HA trigger arrow is in sync(under same line) with 1st AO above zero bar?
At M30, if W-LNX is blue, but HA blue arrow had passed few bars, do I need to wait until the new HA blue arrow appear again in order for entry? If yes, that mean the trend have to go against you 1st before trigger another new HA blue arrow.
Please correct me if I am wrong, thanks in advance!
  • #747
  • Feb 18, 2010 5:58am Feb 18, 2010 5:58am
help, please
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 108 KB
  • #748
  • Feb 18, 2010 6:51am Feb 18, 2010 6:51am
Quoting hwang ti puh
Hi, I had took LONG trade at GREEN marker, after took that trade, trend suddenly goes down & hits my SL30pips.
I though it was perfect setup.
Please comment on my trade & advice what went wrong.Thanks.
It was not a perfect set up for a number of reasons.
1) The trend lord was red when the signal was given, and the trend lord bars are long which shows a sign of weakness. Also the AO was below the 0 line when the signal was given.
2) The AO clearly shows divergence meaning that as price went higher on the chart, the AO bars went lower showing a sign of weakness (look at the trendlines on the AO and the chart).
3) When the AO finally crossed over the 0 line, price had already moved quite a bit which to me is a retracement of the previous down move.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 33 KB
  • #749
  • Feb 18, 2010 7:06am Feb 18, 2010 7:06am
Quoting Xhandal
Here a chart with an example of what I meant in the previous post:

GBP/USD 4H
http://img202.imageshack.us/img202/2854/gbpusd4h.gif


Look at the vertical line, that's where we have a similar situation like in your stopped USD/CHF trade: a red arrow appeared before the Trendlord and AO were OK but everything is right where there's the vertical line. The risk is that it can be just a swing down and change direction, or it can just pullback a bit ("a bit" means 30-40 pips probably) and hit your SL before continue down. I would prefer...
Hi,

how to identify swing down & pullback?
  • #750
  • Feb 18, 2010 7:41am Feb 18, 2010 7:41am
Quoting lgtj
It was not a perfect set up for a number of reasons.
1) The trend lord was red when the signal was given, and the trend lord bars are long which shows a sign of weakness. Also the AO was below the...
Hi,

My reply is blue:
1) The trend lord was red when the signal was given, and the trend lord bars are long which shows a sign of weakness. Also the AO was below the 0 line when the signal was given. You mean Trendlord must in blue when the HA arrow trigger, the trendlord bar must be short or else there will be risk. How about AO, the AO need to be blue also or above zero will do?
2) The AO clearly shows divergence meaning that as price went higher on the chart, the AO bars went lower showing a sign of weakness (look at the trendlines on the AO and the chart).It is sign of uptrend weakness, meaning not confirm the uptrend is strong, where did you find this info?I can't find it at tony's video.
3) When the AO finally crossed over the 0 line, price had already moved quite a bit which to me is a retracement of the previous down move.Please further explain on this, I do not sure you mean by "price move abit"?The price is move a bit higher?This is retracement of previous downtrend?How to identify reversal or retracement?
Retracement mean reflection of previous downtrend?It mean will go downtrend again?

Too many questions, wish you able to help.Thanks.
btw, am I out from the rules?
H4, HA trigger blue+AO above zero+Trendlord blue=Uptrend
M30, HA trigger blue+W-LNX blue=uptrend entry
  • #751
  • Feb 18, 2010 7:49am Feb 18, 2010 7:49am
Hi hwang ti:

Sorry if the USDCHF did not work out. Although it still may turn into a nice long, for now, the thing that stands out for me if that the TLord was at or near the top of its swing. As I tried to show some posts back with some other charts, the best setups on the 4H (the ones with the most pip potential) are where the TLord is at a low point for longs (and high point for shorts) at the time AO signals (crosses the zero line). In addition, although the bar color has been noted by other posters, I think bar size in terms of height (peak) or shortness (trough) is the more significant. This is because the bar color will always change once the climax or nadir has been reached. Further, since we are looking at 4H bars, there should always be plenty of time to make a calm and rational analysis.

Here is an fairly recent example using the USDCAD. See how the TLord is peaking (within a bar or two) at the same place the AO made its flip? (at red vertical line). From here, price made a nice run. Now, go back and compare this set-up with the 4H USDCHF and you will see the difference. It is not to say the USDCHF wont eventually work as a long (it probably will if more traders bail out of the EUR today), just to say that it was not THE optimum set-up on the 4H.

This is just my opinion of course but I think/hope it is consistent with Tony's. Since these type of set-ups on the 4H don't necessarily present themselves every day, we have to pay attention when they do. Lastly, I should add in terms of full disclosure that I have only been looking at this method for about a week. So I will be happy to be corrected by someone with months of live experience. In this way, we can all move down the road together on Tony's system.

Mucho gusto, Juan
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cad4hr.gif Size: 12 KB
Click to Enlarge Name: chf4h.gif Size: 13 KB
  • #752
  • Feb 18, 2010 8:01am Feb 18, 2010 8:01am
Here are recent charts of EURCAD 4H and 30m which show another nice move
Attached Image (click to enlarge)
Click to Enlarge Name: ec30m.gif Size: 9 KB
Attached Image
  • #753
  • Feb 18, 2010 8:34am Feb 18, 2010 8:34am
HA T3-1-System

I want to express my gratitude to Toni and Jasper and all of you.

With my sincere thanks!

Forexcube
  • #754
  • Feb 18, 2010 8:37am Feb 18, 2010 8:37am
Quoting hwang ti puh
Hi,

I though once AO is above zero (AO just start 1st bar above zero) &...

Quoting hwang ti puh
Hi,

how to identify swing down & pullback?
It's really simple:

On 4H
1. FIRST you wait signal from Trendlord and AO
2. THEN you wait the HA arrow

then you go on 30M chart and wait for the HA Arrow with the CCI bar of same color.

What you did is get a trade (on 4H) where the HA Arrow appeared BEFORE the Trendlord and AO signals, you have to wait TL and AO before waiting for an HA arrow.

http://img442.imageshack.us/img442/3629/audusd4h.gif
  • #755
  • Feb 18, 2010 8:55am Feb 18, 2010 8:55am
Here an example of what is happening on EUR/USD right now, I didn't take this trade for the same reasons I explained in previous posts so I avoided this loss. Hope it helps.

4H
http://img40.imageshack.us/img40/5729/eurusd4h.gif


30M
http://img691.imageshack.us/img691/7798/eurusd30m.gif
  • #756
  • Feb 18, 2010 9:02am Feb 18, 2010 9:02am
Have to say that pullback on EUR/USD on the last example is because of very important news of US economy but is the same reason, I want to be sure that bulls/bears are in charge and in full energy when I open my long/short trade and price is "exploding"="price will trend in the right direction and it will let me move my SL at BE", I just don't want to be at the "end of the swing" = "my stop 30SL will be probably hit".
  • #757
  • Feb 18, 2010 9:28am Feb 18, 2010 9:28am
Quoting Xhandal

On 4H
1. FIRST you wait signal from Trendlord and AO
HI Xhandal could you please explain more? What do you mean by "signal from Trendlord and AO".

Thank you
Regards
  • #758
  • Feb 18, 2010 9:52am Feb 18, 2010 9:52am
Quoting Keith
HI Xhandal could you please explain more? What do you mean by "signal from Trendlord and AO".

Thank you
Regards
First of all Trendlord and AO on the 4H have to fulfill their rules then, on this timeframe, you wait for the HA Arrow. Example: If you have the TL increasing (blue bars) and AO above 0, AFTER these conditions are met (conditions that authorize only LONG trades), you wait for a BLUE HA arrow. After this, you go on 30M chart and wait for a BLUE HA arrow that appears when the CCI have blue bar, finally you can open your LONG trade.
Read carefully the thread for these rules . Tony, in his video, explains how you can use your discretion looking at these indicators for understand what's happening and what probably will happen. I just use this specific way but you can use your discretion too, your choice .
  • #759
  • Feb 18, 2010 9:52am Feb 18, 2010 9:52am
Quoting hwang ti puh
Hi,

My reply is blue:
1) The trend lord was red when the signal was given, and the trend lord bars are long which shows a sign of weakness. Also the AO was below the...
1) Yes, the trend lord must be blue when the HA arrow triggers. The trend lord bars don't have to be short, but it's better if they are short and rising. The AO must be above the 0 line.
2) Yes, it is a sign of uptrend weakness. Tony explained earlier in the thread about how to understand the trend lord. He also spoke about it briefly in the video.
3) Price moved up higher. Retracement means that price is going in the opposite direction of the previous direction. The retracement up does not mean that price will go down again, but you must watch the price action, AO, and trend lord to determine that.
  • #760
  • Feb 18, 2010 9:58am Feb 18, 2010 9:58am
Quoting Xhandal
First of all Trendlord and AO on the 4H have to fulfill their rules then, on this timeframe, you wait for the HA Arrow. Example: If you have the TL increasing (blue bars) and AO above 0, AFTER these conditions are met (conditions that authorize only LONG trades), you wait for a BLUE HA arrow. After this, you go on 30M chart and wait for a BLUE HA arrow that appears when the CCI have blue bar, finally you can open your LONG trade.
Read carefully the thread for these rules . Tony, in his video, explains how you can use your discretion looking at...
Just want to say that tony explains that there are more than one way for enter a position using this system and you can enter a trade without wait the HA arrow AFTER TL and AO confirmations and try to enter on 30M chart just when all indicators indicate the same direction without using a specific order or you can enter using some discretion looking at indicator, I'm more conservative so I prefer the way I explained (this way is explained in tony's video too).
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