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Attachments: HA T3-1 System
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HA T3-1 System

  • #761
  • Feb 18, 2010 10:12am Feb 18, 2010 10:12am
Hi Tony, great system.

Just one thing. Someone posted code a few pages back for a Woodie CCI indi with the same outputs as W-LNX. You probably know Woodie likes to pack trend indicators in on top of each other.

I checked the code and the only output you are using here (the red/blue central line) has nothing to do with CCI. It simply plots whether each bar close is above or below the LSMA 25.

You did say you wanted to keep it simple, so I hope this helps...
  • #762
  • Feb 18, 2010 10:32am Feb 18, 2010 10:32am
Hello everyone

Thanks for all of your replies as well as giving your experience/ideas gained when testing this strategy. They are very helpful.

Just one question. Do you pay attention to the slope of AO and TrendLord. I remember Tony mentioned about that in his video.

Thank you,
Regards,
  • #763
  • Edited 11:12am Feb 18, 2010 10:38am | Edited 11:12am
Quoting Xhandal
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).
Hello Xhandal
hello all here

"...that there are more than one way for enter a position using this system..."

Could someone work out on a *doc. file which options are possible.
So everyone advanced traders with HA-T3-1-System could complete this *doc.file and when work is well done we could ask Toni if he put it on p.1, #1. So all here are on the status quo.

Kindest regards

Forexcube
  • #764
  • Feb 18, 2010 10:58am Feb 18, 2010 10:58am
Quoting tonyb123
hi 2010, my rule for trading this is not to trade the counter trends for this system. I am trying to show traders how to pick the very best and highest probability trades you can take with the trend. What you are proposing is another system of trading. There is nothing wrong with that if you have put the chart time in and can recognize a counter trend move.. But i am trying to give traders especially new traders a solid trading system that they can use with very little guess work involved. Tony
Hey Tony

I know you are busy trading, but how 'bout a weekly update posting your best trades of the week and even a few of the worst

Cheers
  • #765
  • Feb 18, 2010 11:55am Feb 18, 2010 11:55am
The 4H down arrow occurred early in the session. On the 30M chart, there was a red down arrow to go short. Is there a reason why the AO is required for the 30M chart if we do not use it to enter a trade?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 280 KB
  • #766
  • Feb 18, 2010 12:01pm Feb 18, 2010 12:01pm
Quoting et_phonehome_2
The 4H down arrow occurred early in the session. On the 30M chart, there was a red down arrow to go short. Is there a reason why the AO is required for the 30M chart if we do not use it to enter a trade?
It's there for add-on entries.
  • #767
  • Feb 18, 2010 1:14pm Feb 18, 2010 1:14pm
Closed my previous long trade on AUD/JPY at +150 pips after about 2 days.


Opened a new long trade now on AUD/JPY again:

4H
http://img15.imageshack.us/img15/9040/audjpy4h2.gif

The first vertical line indicates conditions gived by TL and AO where we are authorized to trade and take only long positions. The second vertical line indicates the blue ha arrow then I went on 30M chart.

30M
http://img535.imageshack.us/img535/5272/audjpy30m2.gif

The first vertical line is where we have the blue ha arrow on 4H chart, the second vertical line indicates a valid blue ha arrow on 30M chart, because it appeared while CCI bar was blue, I opened the position at 82.08.
  • #768
  • Feb 18, 2010 1:44pm Feb 18, 2010 1:44pm
Quoting goldsurfer
Good Job X!
Thank you goldsurfer!

An additional note on Stop Loss used on my last open trade: when I open a position I use a default SL, how much it's large depends by pair. On AUD/JPY I like use a 40 pips SL + spread, it seems work very well because most of the time, on this pair (AUD/JPY) when it comes back of about 40 pips means the trend is probably over or was a false signal.
  • #769
  • Feb 18, 2010 1:49pm Feb 18, 2010 1:49pm
Good Trade!

I dropped the trend strength indy into the Lord window to help id the "pootered out" Trend Lord. Helps me anyways, you guys trading this let me know if it helps. Tony, if you don't like I will remove.

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: Levels.jpg Size: 63 KB
Attached File(s)
File Type: zip Trend-Level.zip   2 KB | 699 downloads
  • #770
  • Feb 18, 2010 2:02pm Feb 18, 2010 2:02pm
My background is daytrading....CONSTANTLY watching the screen while in a trade. I'm really looking forward to being released from that.
Would someone mind relating how they "physically" manage a trade ? Once in, and your s/l placed, how often do you re-check the charts ? Just the 30M or also the 4H ? What do you watch for ?
I'm trying not to feel so nervous about not having to constantly "oversee" a trade; and trying to stop moving my s/l to B.E. so quickly.
Thanks.........krly
  • #771
  • Feb 18, 2010 2:08pm Feb 18, 2010 2:08pm
Quoting krly
My background is daytrading....CONSTANTLY watching the screen while in a trade. I'm really looking forward to being released from that.
Would someone mind relating how they "physically" manage a trade ? Once in, and your s/l placed, how often do you re-check the charts ? Just the 30M or also the 4H ? What do you watch for ?
I'm trying not to feel so nervous about not having to constantly "oversee" a trade; and trying to stop moving my s/l to B.E. so quickly.
Thanks.........krly
I'm kinda in your shoes, there is a video link where Tony shows how he manages trades for the maximum pips. Shouldn't be too hard too find with just a 50 page thread. I'm finding it hard to break away from my "day trade mentality". I'll have to be weaned. I usually go for 30-50 pips depending on the currency.

Cheers
  • #772
  • Feb 18, 2010 2:11pm Feb 18, 2010 2:11pm
Here's the link to the video. I suggest you watch it and then watch it again later or tomorrow.

http://www.brilesmedia.com/factory/
Jim (MrChips)
  • #773
  • Feb 18, 2010 2:43pm Feb 18, 2010 2:43pm
The AJ looks good

The EJ set up in similiar fashion.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej4h.gif Size: 14 KB
Click to Enlarge Name: ej30m.gif Size: 15 KB
  • #774
  • Feb 18, 2010 2:47pm Feb 18, 2010 2:47pm
Hi.
First I want to thank Tony for this wonderful system and for all efforts to let us understand.
Now I want to ask if it is possible to download that video he made.
I found it very interesting and want to watch it a few times, but transfers from that page aren't very good for me. Video pauses, restarts and so on.

Thank You

ps. sorry for my english
  • #775
  • Feb 18, 2010 3:55pm Feb 18, 2010 3:55pm
Quoting krly
My background is daytrading....CONSTANTLY watching the screen while in a trade. I'm really looking forward to being released from that.
Would someone mind relating how they "physically" manage a trade ? Once in, and your s/l placed, how often do you re-check the charts ? Just the 30M or also the 4H ? What do you watch for ?
I'm trying not to feel so nervous about not having to constantly "oversee" a trade; and trying to stop moving my s/l to B.E. so quickly.
Thanks.........krly
I use 30-40-50 (or 60 max) stop loss relatively to volatily of pair (30 on EUR/USD and 50 or 60 on GBP/JPY), just check ATR and look how much points (=pips) the peaks of this indicator usually are, this is my method for choose an appropriate SL for a pair. Just check your charts every 30 minutes if you want add-on (the add-ons are on 30m chart). I manage my stops using one of the methods explained by tony: you place every SL of your entries on the same level of the most recent add-on entry SL so you update it every time a new add-on signal appears. My trades are automatically closed by the SL of the last add-on (yes, the last add-on will close as a loss but I just accept it). This is how I manage it .
  • #776
  • Feb 18, 2010 4:04pm Feb 18, 2010 4:04pm
Another note for add-ons: when you add on be sure of decrease the size of the lots, so if something go wrong your previous entries will cover the loss of the bad (and the last and smaller ) add-on .
  • #777
  • Feb 18, 2010 4:09pm Feb 18, 2010 4:09pm
Quoting goldsurfer
Good Trade!

I dropped the trend strength indy into the Lord window to help id the "pootered out" Trend Lord. Helps me anyways, you guys trading this let me know if it helps. Tony, if you don't like I will remove.

Cheers
what is the trend strength indy and how do u use it?
  • #778
  • Feb 18, 2010 5:08pm Feb 18, 2010 5:08pm
Quoting TheFutureAce
what is the trend strength indy and how do u use it?
The only purpose was to set some levels since the Lord does not use a zero line. The trend strength indy simply gauges the trend based on being above or below the 0 line. The levels are just a visual guide, they do not co-ordinate in any way with the Trend Lord.

Cheers
  • #779
  • Feb 18, 2010 5:34pm Feb 18, 2010 5:34pm
Here is an update on the USDCHF long mentioned above.
Waiting for the long signal arrow on the 4H, then switching to the 30m for entry. As mentioned before, this was not a great entry since the TLord bars were already so long. Nonetheless, this entry has ended up working for about 75p or so, depending on entry. Courtesy of Tony (and the Fed raising the discount rate ).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chf4h.gif Size: 14 KB
Click to Enlarge Name: chf30m.gif Size: 15 KB
  • #780
  • Feb 18, 2010 6:17pm Feb 18, 2010 6:17pm
Hi everyone, wanted to let you guys know i am around. i have been busy working on some things that have taken a lot of my time. It looks like you all are doing fine. i like some of the suggestions some of you guys have made regarding your stop losses. like making them a little larger. nothing wrong with that, just make sure you can handle the risk of doing that; in case it does get hit!! my suggestion if you go that route is to lower your lot size if you are not comfortable working with larger stop losses. Another good suggestion was made by jesperweber, using the 1 hour chart to manage your exits instead of waiting for the 4 hour chart signal to take you out. ok that is all the time i have right now so continue to watch for those good set ups and entries. tony
MY GRID. Markets are NOT random.
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