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

  • #1,001
  • Feb 28, 2010 4:59am Feb 28, 2010 4:59am
These days on 4H trends look undecided, I would try on smaller TF like 1h and 15 minutes (or 5 minutes).
  • #1,002
  • Edited 11:08am Feb 28, 2010 10:57am | Edited 11:08am
AUDNZD, H4/M302010 February 28


Waiting for an Enter Short.

Further arguments:
Daily looks also down since two days.
Resistance Line is reached.
Daily High: 1.2923 (2010.02.25)
Weekly High: 1.2923 (2010.02.21), 1.2933 (2009.04.26), 1.2927 (2009.03.01), 1.2968 (2008.07.20)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDNZD, H4, 2010 February 28.jpg Size: 81 KB
Click to Enlarge Name: AUDNZD, M30, 2010 February 28.jpg Size: 149 KB
  • #1,003
  • Feb 28, 2010 4:23pm Feb 28, 2010 4:23pm
Quoting Forexcube
AUDNZD, H4/M302010 February 28


Waiting for an Enter Short.

Further arguments:
Daily looks also down since two days.
Resistance Line is reached.
Daily High: 1.2923 (2010.02.25)
Weekly High: 1.2923 (2010.02.21), 1.2933 (2009.04.26), 1.2927 (2009.03.01), 1.2968 (2008.07.20)
TL turned red while AO crossed 0 line, this increase your success probability on this trade, I would take the next short trade after right signals without any doubt .
  • #1,004
  • Feb 28, 2010 4:38pm Feb 28, 2010 4:38pm
Quoting Forexcube
AUDNZD, H4/M302010 February 28


Waiting for an Enter Short.

Further arguments:
Daily looks also down since two days.
Resistance Line is reached.
Daily High: 1.2923 (2010.02.25)
Weekly High: 1.2923 (2010.02.21), 1.2933 (2009.04.26), 1.2927 (2009.03.01), 1.2968 (2008.07.20)

we have a HUGE HAMMER on a daily tf around major resistance of 1.28 so be careful
  • #1,005
  • Feb 28, 2010 8:05pm Feb 28, 2010 8:05pm
Hello!

You may have seen some of my posts on this and other threads. My trading style is -- and has been for a long time -- very similar to what Tony describes in his system.

Over the weekend, I finally got around to putting in on "paper" and started a thread that describes the setups (indicators, filters, signals etc.) That I use. It is actually so close to what you are seeing here, you may want to cry "deja-vu!"

Anyway, Tony and I are not competing for attention, and he actually was kind enough to invite me to post a link to my thread on his forum. If you would like to come and check it out, you will see a slightly different mix of tools, however pushing in the same direction. Hopefully this is useful to deepen understanding of the general thinking behind this kind of approach. For myself, I hope to get everbody's feedback, criticism and questions to help me take this to the next level.

My new thread can be found here (I also link to it in my signature):
http://www.forexfactory.com/showthread.php?p=3506658

If you go, please also look at post #14 on the first page; it explains a bit more about pair evaluation, information that is not included in the system document.

Hope to see you there -- and here of course.

Jesper
  • #1,006
  • Mar 1, 2010 7:54am Mar 1, 2010 7:54am
Updated GBP chart (post #955) after nice overnight move.
The original position is around 500p now, even after a significant retrace. Added to that are 3 smaller add-ons.
Tony.



ps -- to Jepser. Good luck with your new thread. Your posts are usually well thought out and enjoyable.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp4hr.gif Size: 12 KB
  • #1,007
  • Mar 1, 2010 8:43am Mar 1, 2010 8:43am
Ready to short on (4H-30M):

-EUR/JPY
-NZD/JPY
-CHF/JPY

Keep an eye on these pairs .
  • #1,008
  • Mar 1, 2010 8:53am Mar 1, 2010 8:53am
Quoting jesperweber
Hello!

You may have seen some of my posts on this and other threads. My trading style is -- and has been for a long time -- very similar to what Tony describes in his system.

Over the weekend, I finally got around to putting in on "paper" and started a thread that describes the setups (indicators, filters, signals etc.) That I use. It is actually so close to what you are seeing here, you may want to cry "deja-vu!"

Anyway, Tony and I are not competing for attention, and he actually was kind enough to invite me to post a link to my thread...

I like your thread, tidy and well explained, I will read it as soon as possible .
  • #1,009
  • Mar 1, 2010 8:58am Mar 1, 2010 8:58am
Quoting Xhandal
I like your thread, tidy and well explained, I will read it as soon as possible .
Thanks, Xhandal. I'm looking forward to your feedback.

Jesper
  • #1,010
  • Mar 1, 2010 11:42am Mar 1, 2010 11:42am
Living on the West coast (CALIF) and working for a living makes for some really terrible trading hours.....Any tips as to how this system could be traded on an "end-of-day" basis. I.e. looking at the market between 2pm-6pm PST (GMT 10pm-2am) and not having to get up in the middle of the night ?
Thanks.........krly
  • #1,011
  • Mar 1, 2010 1:48pm Mar 1, 2010 1:48pm
Quoting krly
Living on the West coast (CALIF) and working for a living makes for some really terrible trading hours.....Any tips as to how this system could be traded on an "end-of-day" basis. I.e. looking at the market between 2pm-6pm PST (GMT 10pm-2am) and not having to get up in the middle of the night ?
Thanks.........krly


I dunno, you could make the 4 hour chart a weekly, and the 30m a 4 hr.

Check your 4 hr. daily. Or you could get creative using a period changer....

Cheers
  • #1,012
  • Mar 1, 2010 2:50pm Mar 1, 2010 2:50pm
To those using this system. After confirming a trend on 4H and jumping to 30 min chart, do you prefer waiting for a fresh HA signal or jumping in right away if a signal has already occurred and the CCI is still good?
  • #1,013
  • Mar 1, 2010 9:54pm Mar 1, 2010 9:54pm
Quoting krly
Living on the West coast (CALIF) and working for a living makes for some really terrible trading hours.....Any tips as to how this system could be traded on an "end-of-day" basis. I.e. looking at the market between 2pm-6pm PST (GMT 10pm-2am) and not having to get up in the middle of the night ?
Thanks.........krly
Hi,

I don't want to sound sarcastic, but to port this system as-is to end-of-day trading you would have to use the monthly (or at least weekly) chart for trend and the daily for entry...

On the other hand, if you trade the daily chart (by default for end-of-day trading), there is so little noise you could probably rely on that one timeframe only, if the indicators speak to you. The Awesome Oscillator for example was originally developed for trading securities on a daily timeframe. The edge you gain from MTF trading as with Tony's system is that you use a longer timeframe to eliminate noise, then take multiple high-probability entries in one direction only. Trading end-of-day the noise is gone and your aim is not to get many entries but one good one.

I would recommend you to instead of a longer timeframe have a daily candle chart with no indicators open for comparison. Draw some trendlines and identify historical support and resistance to predict price action. Also look for candle patterns like Doji, Inside/Outside, etc. (for example, http://stockcharts.com/school/doku.p...estick_pattern) to get an idea where the market could be heading.

In the end, it's all about price action and probability.

Cheers,

Jesper
  • #1,014
  • Edited 1:11pm Mar 2, 2010 12:51pm | Edited 1:11pm
Quoting krly
Living on the West coast .........krly
The Tokyo session can produce good results, and should fit your schedule. 7-9pm Eastern time, and again upon their return from lunch are when to pay attention. It is a somewhat unique market because of who the major players are and how they behave. Plus, it is mostly free of overlap with the other major sessions until late. Combined with their equity markets, this session will often set the tone for the rest of the day, so it can be a good jumping point for higher timeframe trades. It doesnt always go off, but when it does, it is usually a nice trend.

In addition, IMO, the Tony-method itself is made for difficult schedules.

Attached below are AUD charts. Not optimal set-up on the 4H (see TLord height) but good for 50-60p as of this post. The first place for entry (W-LNX green + arrow) had to suffer a large retrace but survived. The second (waiting for arrow with AO flip) did not have same challenge. (sorry for the extra indi).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUD4h.gif Size: 17 KB
Click to Enlarge Name: AUD30m.gif Size: 18 KB
  • #1,015
  • Mar 3, 2010 4:06am Mar 3, 2010 4:06am
Hi All,

I have been tracking this thread and found it to be very interesting and a BIG THANK YOU to Tony for his efforts and for sharing this wonderful system .

The rules are simple and are extremely easy for newbies to follow.

Buy Rule as I understand :-

AO Bar above zero line and is blue in color

Sell Rule as I understand :-

AO Bar is below zero and is red in color

I simply ignore the other signals and colors and do not see the trend lord etc

Now coming to the trade entry ,

Buy Rule :-

The HA arrow should be blue in color and the W-LNX should be blue in color

Sell Rule :-

The HA arrow should be Red in color and the W-LNX should be Red in color

Please note that you should enter only when the trend Signal rules is in sync with trade entry Rules.

Otherwise it is better to sit in the sidelines

I personally use the 15 m chart instead of the 30 min trade entry chart as it gives me a early entry .

I also use three more indicators like the RSI, William and the SO just for added confirmation

I am sharing those templates with this post , you may use it if you feel comfortable.

Regards

Arun
Attached File(s)
File Type: tpl trend signal.tpl   3 KB | 594 downloads
File Type: tpl trade entry.tpl   4 KB | 568 downloads
  • #1,016
  • Mar 3, 2010 5:01am Mar 3, 2010 5:01am
Hi, could somebodt please help me. When I try to download the indicators to metetrader, they save as attachments, and I have to label them as 1-2-3. They then, when I open metatrader are not in the cust ind or regular ind folders. What is wrong or what am I doing wrong.
  • #1,017
  • Mar 3, 2010 5:36am Mar 3, 2010 5:36am
Quoting Bucko6667
Hi, could somebodt please help me. When I try to download the indicators to metetrader, they save as attachments, and I have to label them as 1-2-3. They then, when I open metatrader are not in the cust ind or regular ind folders. What is wrong or what am I doing wrong.
it is a flaw in internet explorer. Try using firefox or download the attachment from the paperclip in the upper right corner.
  • #1,018
  • Mar 3, 2010 9:44am Mar 3, 2010 9:44am
GBPNZD, H4, 2010 March 03

Waiting for a signal to Enter Long, may be this week.

Further arguments:
May be it's firming a hammer at Weekly chart.
Dailies are struggling near the support line.

M30 looks rather more probably to wait.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPNZD, H4, 2010 March 03.jpg Size: 235 KB
Click to Enlarge Name: GBPNZD, M30, 2010 March 03.jpg Size: 228 KB
  • #1,019
  • Mar 3, 2010 9:48am Mar 3, 2010 9:48am
I see a lot of you are already testing the system everyday. How many losses do you normally get, if you follow the rules that Tony set for SL, 30 pips or last 3 candles' high/low?

And ForexCube, nice to see you in here. Do you trade also this system, because I also follow your TraCop thread and you are doing pretty well there
  • #1,020
  • Mar 3, 2010 9:54am Mar 3, 2010 9:54am
Quoting dnedelchev
I see a lot of you are already testing the system everyday. How many losses do you normally get, if you follow the rules that Tony set for SL, 30 pips or last 3 candles' high/low?

And ForexCube, nice to see you in here. Do you trade also this system, because I also follow your TraCop thread and you are doing pretty well there
Hello dnedelchev

I like Toni's system very much and by comparing with other H4 systems I have to say toni have make great works! Great Thanks to Toni.

I have an extra account only for longer term trading systems (H4, daily, weekly, monthly) and tonis system is here present.

Keep it up!

FX Cube
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