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

  • #941
  • Feb 24, 2010 9:19am Feb 24, 2010 9:19am
This is the basics of this system to give new traders a place to start. The rest comes from time looking at charts, being able to recognize signals as to the strength or weakness of price action. The indicators are there to give us clues as to the strength or weakness of price action.
MY GRID. Markets are NOT random.
  • #942
  • Feb 24, 2010 9:27am Feb 24, 2010 9:27am
Tony, have you any hints about initial SL? thank you
  • #943
  • Feb 24, 2010 9:32am Feb 24, 2010 9:32am
If you are using the basics here you will begin to recognize price behaviors. Look for divergences in any of the 3 indicators on your 4 hour chart: PRICE BARS, TREND LORD, A.O all in the same direction? If they are not all pointing in the same direction you have divergence = weakness in current trend. It does not mean you cannot still take signals in current trend direction. It just means you may not get as many pips. I am pretty sure i posted a screen shot of what a divergence of the 3 indicators looks like. Also it is in the video i did. What i am saying don't get caught up in looking for the perfect signal.
MY GRID. Markets are NOT random.
  • #944
  • Feb 24, 2010 9:43am Feb 24, 2010 9:43am
Quoting Xhandal
Tony, have you any hints about initial SL? thank you
Hi Xandal, I use 30 - 35 pips for my initial entry. Reason being if you are trading the right time of the day you will have momentum pushing price in your favor. As long as your signals are good to trade. This is not a hard rule for everyone to follow. You determine your own risk. Thanks for your contributions here. Tony
MY GRID. Markets are NOT random.
  • #945
  • Edited 11:05am Feb 24, 2010 10:30am | Edited 11:05am
Quoting Juan Grande
Ryan, Golden y Forexcube:

I brought up this idea once before (post 693) and the consensus was that it was not conisistent with the thread method, so I shut down any further public mention (although discussions continued via pm). Since then, I also spent quite a bit of time looking at 1H charts, only to finally decide I like the 30m better (for this method). That 30m is a great chart and, to me, indicates how much experience and success Tony had working with this set-up before he published it. Yay Tony

For the record, I have had some...


EURGBP, M30: 0.8765 Enter Long and at 0.8800 out, only at M30 interim: 35pips on the quick. Not bad!
Look at #930, please.

That's clear I think by looking at H4 and M30 that profits are greater!
But here 35 pips and there 35 pips discrete with only M30 (and without H4) in a speedy manner, total work in hand, it might make just as much as trading the combination (HA T3-1 System full version) with H4 & M30.
  • #946
  • Feb 24, 2010 11:13am Feb 24, 2010 11:13am
EUR/CAD long trade. Comments welcome.
Entry:1.4310
SL:1.4272
TP:1.4380 (this might be a resistance level so that I don't expect too many pips for this trade)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurcad.gif Size: 20 KB
Click to Enlarge Name: eurcad30m.gif Size: 25 KB
  • #947
  • Feb 24, 2010 11:25am Feb 24, 2010 11:25am
2010 --

1. 4H looks like signal arrow appeared b4 AO flip? Or conversely, there has been no long signal arrow since the AO flip. User-optional but just so you are aware

2. 30m -- looks like entry does not line up with signal arrows (the first of which did not line up with W-LNX)? Maybe the 2nd arrow? Bottom line, it looks like the trade is working for you.



Quoting Forexcube
But here 35 pips and there 35 pips discrete with only M30
I hear ya brother.
Attached Image (click to enlarge)
Click to Enlarge Name: EC30.JPG Size: 80 KB
  • #948
  • Feb 24, 2010 11:46am Feb 24, 2010 11:46am
Quoting Juan Grande
2010 --

1. 4H looks like signal arrow appeared b4 AO flip? Or conversely, there has been no long signal arrow since the AO flip. User-optional but just so you are aware

2. 30m -- looks like entry does not line up with signal arrows (the first of which did not line up with W-LNX)? Maybe the 2nd arrow? Bottom line, it looks like the trade is working for you.
Hi, Juan,
Thanks for your comments!
I have missed the first long arrow signal of 4h, but I think from 4h chart, the long entry is still valid, right? Do you always wait for a fresh arrow on 4h then look for an entry point?
On 30m chart, it's similar as 4h that I missed the first entry point. but the middle bar of W-LNX is blue when I enter the trade.
  • #949
  • Feb 24, 2010 11:52am Feb 24, 2010 11:52am
Quoting 2010
Hi, Juan,
Thanks for your comments!
I have missed the first long arrow signal of 4h, but I think from 4h chart, the long entry is still valid, right? Do you always wait for a fresh arrow on 4h then look for an entry point?
On 30m chart, it's similar as 4h that I missed the first entry point. but the middle bar of W-LNX is blue when I enter the trade.
Yes, you should wait for a new arrow now that the AO is above the 0 line and that the trend lord is blue. I personally don't think that the long entry was valid because price had moved up quite a bit before the AO went above the 0 line and the trend lord turned blue. If you look at the 30 min chart that you posted, you'll notice that price had stalled and that there is divergence on the 30 min AO which showed a sign of weakness.
  • #950
  • Feb 24, 2010 11:57am Feb 24, 2010 11:57am
Quoting 2010
EUR/CAD long trade. Comments welcome.
Entry:1.4310
SL:1.4272
TP:1.4380 (this might be a resistance level so that I don't expect too many pips for this trade)
Quoting Juan Grande
2010 --

1. 4H looks like signal arrow appeared b4 AO flip? Or conversely, there has been no long signal arrow since the AO flip. User-optional but just so you are aware

2. 30m -- looks like entry does not line up with signal arrows (the first of which did not line up with W-LNX)? Maybe the 2nd arrow? Bottom line, it looks like the trade is working for you.
The trade update:

I think the enter time of this trade is not good. I just look at the 30m chart again and find the divergence. So waiting for a new set up signals from 4h and 30m is more safer.

Thanks Juan
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad30m.gif Size: 25 KB
  • #951
  • Feb 24, 2010 12:02pm Feb 24, 2010 12:02pm
Quoting lgtj
If you look at the 30 min chart that you posted, you'll notice that price had stalled and that there is divergence on the 30 min AO which showed a sign of weakness.
Thanks lgtj, you are absolutely right.
  • #952
  • Feb 24, 2010 12:13pm Feb 24, 2010 12:13pm
which pair is the best for this system ?
i have very limited funds at the moment but i would like to try this system
if i would trade only one pair would it affect probability of winning trades does this system really rely on trading multiple pairs or i have a chance with one pair? would the risk to reward ratio or %of winning/losing trades changed when trading one pair? what would you advice me people? thank you
  • #953
  • Feb 24, 2010 1:59pm Feb 24, 2010 1:59pm
Quoting Juan Grande
2010 --

1. 4H looks like signal arrow appeared b4 AO flip? Or conversely, there has been no long signal arrow since the AO flip. User-optional but just so you are aware

2. 30m -- looks like entry does not line up with signal arrows (the first of which did not line up with W-LNX)? Maybe the 2nd arrow? Bottom line, it looks like the trade is working for you.

I hear ya brother.

Yes, of course, till 1.4335. There is the Pivot R1.
  • #954
  • Feb 24, 2010 6:56pm Feb 24, 2010 6:56pm
Quoting tonyb123
If you are using the basics here you will begin to recognize price behaviors. Look for divergences in any of the 3 indicators on your 4 hour chart: PRICE BARS, TREND LORD, A.O all in the same direction? If they are not all pointing in the same direction you have divergence = weakness in current trend. It does not mean you cannot still take signals in current trend direction. It just means you may not get as many pips. I am pretty sure i posted a screen shot of what a divergence of the 3 indicators looks like. Also it is in the video i did. What...
Hi Tony,
Great looking system.

With regard to Divergence, perhaps you could clarify some points for me please.
1. Do you mean divergence between price action and AO and price action and TL..?
2. Without any divergeence preventing me moving to the M30 chart, does divergence in the M30 (as seems likely) prevent me from taking the trade..?

On a matter relating to this method and M30 trading ONLY. Can I ask you, are the same pre-reqs (all three indicators presenting affirmative conditions), Entry criteria, trading, and trailing SL and TP strategies applicable..?

Thanks in anticipation. Cenzo
  • #955
  • Edited 9:18pm Feb 24, 2010 7:35pm | Edited 9:18pm
Cable fired off another short -- not an optimal set-up

perhaps worth noting -- Mervyn King speaks tommorrow and the GBP usually falls when he does
(and even UBS put out a worse case scenario of $1.05)(yikes)
Attached Image (click to enlarge)
Click to Enlarge Name: gbp30m.gif Size: 15 KB
Attached Image
  • #956
  • Feb 24, 2010 9:13pm Feb 24, 2010 9:13pm
EURJPY also fired off, finally breaking range
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej4h.gif Size: 14 KB
Click to Enlarge Name: ej30m.gif Size: 14 KB
  • #957
  • Feb 24, 2010 9:47pm Feb 24, 2010 9:47pm
Quoting Juan Grande
EURJPY also fired off, finally breaking range
Hi Juan Grande, thanks for sharing.. Can you tell me what would a good SL and TP be? What are some variables to take into consideration, how do we confirm there isn't noise from news?

Thanks in advance.
Time flies like an arrow; fruit flies like a banana.
  • #958
  • Edited 3:41am Feb 25, 2010 3:30am | Edited 3:41am
A trade that would be a loss if SL was set at 30-35 pips. I used 1 * daily ATR (150 pips) and was safe all the time

I use Supertrend instead of TrendLord. There is not much difference but Supertrend seems to react to trend changes quicker. Besides, close under/above Supertrend line is also a valuable sign.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: h4.gif Size: 40 KB
Click to Enlarge Name: m30.gif Size: 38 KB
  • #959
  • Feb 25, 2010 3:36am Feb 25, 2010 3:36am
Quoting Bwana
Hi Juan Grande, thanks for sharing.. Can you tell me what would a good SL and TP be? What are some variables to take into consideration, how do we confirm there isn't noise from news?

Thanks in advance.
Hi,
If I may give my opinion on SLs...
I don't know if it's bad luck or what but placing my SLs like in Tonys video (3BH or 3BL on the M30, or using 30-40 pips), my stops get hit very often, therefore losing trades that did eventually go in the direction I was initially expecting! So now I'm trying what I usually do: for example using the last lower high peaks in a H4 downtrend.
This my own way of placing SL's because it suits me best. For those who just started testing HA T3-1 system, please stick to Tonys rules.
Cheers,
  • #960
  • Feb 25, 2010 3:52am Feb 25, 2010 3:52am
Quoting Indrek
A trade that would be a loss if SL was set at 30-35 pips. I used 1 * daily ATR (150 pips) and was safe all the time
Perfect example of my losing trades with low SLs! (I lost this one ). Is there a way of configuring trailing stops with daily ATR?
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