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HA T3-1 System

  • #961
  • Feb 25, 2010 4:35am Feb 25, 2010 4:35am
Quoting roachroach
Perfect example of my losing trades with low SLs! (I lost this one ). Is there a way of configuring trailing stops with daily ATR?
I just use the ATR value for SL, nothing more complicated. Use whatever is comfortable for you personally.
I use 30-40 pip SL when I am trading from M5 chart as for me, 30-40 is a tiny one. When trading H4, I feel comfortable with 100-150 depending on the pair. I do not trade much from daily chart but if I do, my SL may be even 200-300.
  • #962
  • Feb 25, 2010 7:23am Feb 25, 2010 7:23am
Hi Bwana --

I dont go near that wide, and do the actual entry off smaller tfs, usually with a conditional order and stop at a structural point whenever feasible. There is a tradeoff of course where once a big roll starts Indrek might still be in where I got bounced. I have not missed one like that yet, but have only been working with this a couple weeks and expect it will happen sometime. I have been slowly moving more towards that type of approach, but am not there yet.

I am still in the EJ and GBP trades that were posted, and do have a nice wide stop on them now, but because of the price action (wide for me, but not Indrek-wide).

I too like supertrend but havent said anything about it or posted a chart with it since it's not consistent with the OP and you know how these threads can go sometimes. There are several varieties of it out there, but mine actually looks like the one he posted.
  • #963
  • Feb 25, 2010 7:42am Feb 25, 2010 7:42am
Going short with all XXXJPY are a delight right now!

30M Add-on example:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 25 fev 2010 eurjpy h4.gif Size: 33 KB
Click to Enlarge Name: 25 fev 2010 eurjpy 30m with addon .gif Size: 29 KB
  • #964
  • Feb 25, 2010 7:42am Feb 25, 2010 7:42am
Quoting Juan Grande
Hi Bwana --

I too like supertrend but havent said anything about it or posted a chart with it since it's not consistent with the OP and you know how these threads can go sometimes. There are several varieties of it out there, but mine actually looks like the one he posted.
Thank you for your post. I respect that and we should all try to do the same.

With regards to ranging prices, how come there are still buy / sell (blue / red) indicators showing up? I haven't been able to understand the reasoning behind this.

Do you have a journal, what is your profit margin to date with these indicators?

Thank you for your time and efforts.
Time flies like an arrow; fruit flies like a banana.
  • #965
  • Feb 25, 2010 7:54am Feb 25, 2010 7:54am
Quoting roachroach
Going short with all XXXJPY are a delight right now!

30M Add-on example:

Is there any news associated with this? My goal is to incorporate fundamentals as well.
Time flies like an arrow; fruit flies like a banana.
  • #966
  • Feb 25, 2010 7:58am Feb 25, 2010 7:58am
Quoting Bwana
Is there any news associated with this? My goal is to incorporate fundamentals as well.
Thanks to Ben Bernanke, I suppose...
  • #967
  • Feb 25, 2010 9:07am Feb 25, 2010 9:07am
Quoting Bwana
Thank you for your post. I respect that and we should all try to do the same.

With regards to ranging prices, how come there are still buy / sell (blue / red) indicators showing up? I haven't been able to understand the reasoning behind this.

Do you have a journal, what is your profit margin to date with these indicators?

Thank you for your time and efforts.

just put CCI 6 indi on your chart and you will know everything
  • #968
  • Edited 10:04am Feb 25, 2010 9:31am | Edited 10:04am
Quoting Bwana
Is there any news associated with this? My goal is to incorporate fundamentals as well.
If I recall correctly, Tony steers wide of news events.

With the GBP, I made note of a couple things above. The JPY is reacting to US stuff -- durable goods was overtstated b/c of Boeing orders alone, w/o which was negative + jobless claims rose (homes sells and Ben too i guess). With the EUR, the WSJ said Spain may be a much bigger issue than Greece. And so it goes......

ps -- i like your "time flies like an arrow;" another is "you can lead a guitar to water, but you cant tunafish."

edit -- trade update, have pressed both trades now
  • #969
  • Feb 25, 2010 10:09am Feb 25, 2010 10:09am
Hello everybody. I've only just come along this thread (yesterday) and I am checking it out today, although I have not taken any entries live I have seen most of them working out very well, my compliments. I apologise if this question has already been answered, I have only read the most important posts and I might have passed it. What does one do if the 30min signals an HA entry, but the cci only confirms after a few minutes or even only at the next 30min candle? Would that still be a valid entry once the cci confirms or does the cci already has to be in the correct color at the time the HA signals an entry?
Thank you,
Wendy
  • #970
  • Feb 25, 2010 10:16am Feb 25, 2010 10:16am
Quoting Juan Grande
If I recall correctly, Tony steers wide of news events.

ps -- i like your "time flies like an arrow;" another is "you can lead a guitar to water, but you cant tunafish."
Haha.. nice!

Back to business, what are your experiences with hours to expect movement and with which pairs? In what ways can i go about identifying these times. I don't want to re-invent the wheel, rather observe and learn from those wiser!

I remember seeing an indicator that highlights favorable trading times depending on the pair in the chart, does this sound familiar to you?

Thanks in advance.
Time flies like an arrow; fruit flies like a banana.
  • #971
  • Feb 25, 2010 10:24am Feb 25, 2010 10:24am
Quoting wvehoven
Hello everybody. I've only just come along this thread (yesterday) and I am checking it out today, although I have not taken any entries live I have seen most of them working out very well, my compliments. I apologise if this question has already been answered, I have only read the most important posts and I might have passed it. What does one do if the 30min signals an HA entry, but the cci only confirms after a few minutes or even only at the next 30min candle? Would that still be a valid entry once the cci confirms or does the cci already has...
I'm sure someone can help you better than i but here goes.. I noticed that as soon as the cci(6) cuts the +/- 100 line, if the Heiken_Ashi_Ma_T3-1 shows an arrow that confirms on the 30min, 1hr, and 4hr charts and the Trend Lord has been the same color over the last several candles, then that is a consistent entry signal.

I'm also new to this but it's worked so far and i'm sticking to it until it falls through.

Does anyone have any input on these trades, was the entry / exit / SL / TP ok or what would you have done differently and why?

Thanks to everyone who contributes.
Attached Image (click to enlarge)
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Time flies like an arrow; fruit flies like a banana.
  • #972
  • Feb 25, 2010 11:09am Feb 25, 2010 11:09am
Quoting wvehoven
Hello everybody. I've only just come along this thread (yesterday) and I am checking it out today, although I have not taken any entries live I have seen most of them working out very well, my compliments. I apologise if this question has already been answered, I have only read the most important posts and I might have passed it. What does one do if the 30min signals an HA entry, but the cci only confirms after a few minutes or even only at the next 30min candle? Would that still be a valid entry once the cci confirms or does the cci already has...
Hello wvehoven. I would say if the cci confirms up to 1 or 2 candles after the arrow, it should be ok. I've been successful waiting for the cci to confirm if it doesn't confirm when the arrow appears.
  • #973
  • Feb 25, 2010 11:17am Feb 25, 2010 11:17am
Quoting Bwana
Back to business, what are your experiences with hours to expect movement and with which pairs? In what ways can i go about identifying these times. I don't want to re-invent the wheel, rather observe and learn from those wiser.
That is one of those questions, like stops, that everyone will have their own answer to. Tony set up this system so that he would not have to be glued to the machine. He gets phone messages and/or email to alert him to the signals. With these time frames, you should usually have enough time after getting alerted to do your due diligence and get in a trade that way. Over time, I hope to gravitate in that direction myself.

For now, however, I trade session opens. I make almost all US and Tokyo opens, and make London as much as I can. With the US, maybe 2 hours before and after. With Tokyo, you can probably get away with just being there at the open. In terms of volume, London has the most followed by NY. I think London morning is probably number one, and then the NY open which overlaps with London pm. If you get super serious about this question, I am attaching a .pdf you can look at when you have time. Ignore the first few pages which are boilerplate, but this guy breaks it down by pair, by day of the week and even by the hour. It's about as much info as you could want. Have fun.
Attached File(s)
File Type: pdf ForexCheat Sheet.pdf   415 KB | 667 downloads
  • #974
  • Feb 25, 2010 11:29am Feb 25, 2010 11:29am
Thanks for that Juan! I see a lot of moves at the L/NY overlap, I would have thought that is the most volume. Of course, you gotta deal with the constant news releases. I will definitely take a looksey at the cheat sheet

cheers
  • #975
  • Feb 25, 2010 2:27pm Feb 25, 2010 2:27pm
Quoting jeywhistle
"US rising rates +0.25%"

Excuse me for this question if it is straight forward.. where is this information from, i looked in the news section here based of this previous post, but didnt see.

Thank you for your time and efforts.
Time flies like an arrow; fruit flies like a banana.
  • #976
  • Feb 25, 2010 2:46pm Feb 25, 2010 2:46pm
Quoting Bwana
Excuse me for this question if it is straight forward.. where is this information from, i looked in the news section here based of this previous post, but didnt see.

Thank you for your time and efforts.
The "Emergency Rate Loan" was risen last week by the fed, it is not the official Rate which is alerted here at FF, but the effect on the market was pretty important. And you're right, it was not highlighted on the FF calendar, it was announced on bloomberg.
  • #977
  • Feb 25, 2010 2:54pm Feb 25, 2010 2:54pm
Quoting jeywhistle
The "Emergency Rate Loan" was risen last week by the fed, it is not the official Rate which is alerted here at FF, but the effect on the market was pretty important. And you're right, it was not highlighted on the FF calendar, it was announced on bloomberg.

Thank you.. There are known knowns, and known unknowns, but it's the unknown unknowns that bother me.

Thank you for make this a known unknown!
Time flies like an arrow; fruit flies like a banana.
  • #978
  • Feb 25, 2010 10:38pm Feb 25, 2010 10:38pm
Guys-
This is too good a system but at the same, I am finding it really difficult to keep a tab on the charts (I am coming from scalper mode). Can somebody please develop an EA to generate signals (like alerts by sound or TEXT/SMS/email etc) for entry.

Thanks in advance
  • #979
  • Feb 25, 2010 10:49pm Feb 25, 2010 10:49pm
Please see chart.. what was going on during these days?
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 135 KB
Time flies like an arrow; fruit flies like a banana.
  • #980
  • Edited 11:13pm Feb 25, 2010 11:00pm | Edited 11:13pm
Quoting Bwana
Please see chart.. what was going on during these days?
Nothing special. Big boys were taking out guys like us
EURCHF is a weird pair. Mostly in coma but sometimes making moves like you showed. Better do not touch it.
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