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DTFD - Dot Trading for Dummies

  • #81
  • Mar 24, 2010 1:09pm Mar 24, 2010 1:09pm
Quoting TauTrader
Yip - agree.

But the only way to test this properly, is to act - without emotion. Signal after signal....

The nice thing is, that even if this fails, the SL is defined. The TP is defined. Therefor the risk is limited. No holding onto a loser. Will be cut when the chart / indi tells me to.

And that I like a lot.

Thank you for your contributions today. Enjoyed the interaction. Going to bed. See tomorrow.

Regards
Agree, good rules. Catch you before NY open.
  • #82
  • Mar 24, 2010 1:11pm Mar 24, 2010 1:11pm
Quoting egkid
First chart my previous trade from 1.6380 and all tp3 hit exactly @ my dots aqua line
and enter again sell above 1.53 Weekly chart
You should load up an experimental chart with Tau's system and help us observe.
  • #83
  • Mar 24, 2010 1:35pm Mar 24, 2010 1:35pm
Closed @ -11 pips.

Got contradicting signals as well as the initial possible reversal signal ( Rule 1). These may change and price may continue south, but I am applying the rules.

Will stand aside. See tomorrow.

Regards
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  • #84
  • Mar 24, 2010 1:48pm Mar 24, 2010 1:48pm
Quoting TauTrader
Closed @ -11 pips.

Got contradicting signals as well as the initial possible reversal signal ( Rule 1). These may change and price may continue south, but I am applying the rules.

Will stand aside. See tomorrow.

Regards
In my view Still some more room down before it try to retrace up.
Well Let's watch it
  • #85
  • Mar 25, 2010 1:37am Mar 25, 2010 1:37am
Morning Tau. Thanks for sharing your ideas. I'm also observing - hope it's ok if I join in...

Observing a few at the moment, but watching EJ as it passed rule 1 & 2.

I see you're from good old CT. I grew up there, but it got too busy & now in the Garden Route.

Been on FF for a while now, but not posting much. Realize though that trading can be lonely so good to have a chat & share ideas.

Regards
  • #86
  • Edited 12:39pm Mar 25, 2010 12:27pm | Edited 12:39pm
I have been out and about all day - not really having an opportunity to study and test. I did nowever ask the wife to mark certain conditions - since she is at home, as to see how well we could perform.

I have my concerns.... Too much objectivity still in the setup. I have made some changes. So - we have a new template to load. I have reduced the rules to 2 only - instead of the old 3.

Work has been done on the entry signals - they are now far more stable. The refreshing issues were dealt with. The old Snake has been replaced by a Triangular Moving Average on the Rule 1. These will still move around as it attempts to pinpoint a possible turn. The signals have been made more stable as well. This is where the big difference was accomplished. Once the bar closes, the signal should not move or disappear... -but we need to test to see if this is good. The Snake and T3 has been replaced by a Triangular moving average as well, but bands were added to indicate a stable cross.

A simpler concept. Less objectivity. I will post the revised attempt a bit later and will set the rules.

Calderone - please follow this with me and see if the new setup works better.

Do not trade it - just follow. Then give input. If this fails, then there is very little left but to acknowledge that it is not possible to pinpoint the short term cycles / trends within the major trends...( using this spesific MA strategy)

Regards
  • #87
  • Mar 25, 2010 12:38pm Mar 25, 2010 12:38pm
Quoting caben
Morning Tau. Thanks for sharing your ideas. I'm also observing - hope it's ok if I join in...

Observing a few at the moment, but watching EJ as it passed rule 1 & 2.

I see you're from good old CT. I grew up there, but it got too busy & now in the Garden Route.

Been on FF for a while now, but not posting much. Realize though that trading can be lonely so good to have a chat & share ideas.

Regards
Good day to you,

My apology for the late reply. Glad to hear from you. The Garden route is truly one of my favourite parts of the the country. Do stop by from time to time.

wish you all success

Regards
  • #88
  • Mar 25, 2010 12:39pm Mar 25, 2010 12:39pm
AAY! I knew you'd be working on this! lol Fine job! I'm just hanging out and observing. Take your time, no rush. I still think you're on to something solid.
  • #89
  • Mar 25, 2010 1:53pm Mar 25, 2010 1:53pm
OK- replace all with the following set of indicators and template. This should sort out a lot of the subjectivity in terms of entry dots.

We are still trading 30min charts.

All indicators into the indi folder - template to template folder. Open a chart of your choice on 30 min. Add template. This should give you a chart looking like the one posted. If you battle to download the indis from the post, download from the attachments ( paperclip in the top right corner) - drill down and copy.

Rules I will post tomorrow - going to bed now.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: dragon.gif Size: 14 KB
Attached File(s)
File Type: ex4 exits.ex4   5 KB | 393 downloads
File Type: ex4 T3_clean.ex4   7 KB | 340 downloads
File Type: ex4 taucross1.ex4   6 KB | 378 downloads
File Type: ex4 TriangularMA centered.ex4   3 KB | 336 downloads
File Type: ex4 Taucross2.ex4   5 KB | 365 downloads
File Type: tpl dtfd.tpl   2 KB | 334 downloads
  • #90
  • Mar 25, 2010 2:27pm Mar 25, 2010 2:27pm
Glad you could simplify it some more, I was very confused!

I am loaded and watching. What I saw from the previous setup is nothing you haven't noticed yourself. You do work fast I might add. I wish I was a programmer, I could help you with some of this. Get some sleep.

Mike
  • #91
  • Mar 26, 2010 3:25am Mar 26, 2010 3:25am
Morning Tau.

Thanks, I loaded the new setting & it's looking good. Spend quite a bit of time refreshing yesterday, but this seems much better.

Also looks like it's doing a good job of catching the short term cycles in the larger trend. Just watching & will report back if I have anything meaningful to say.

Must add that there's nothing "Dummy" about what you're doing here. Simple is often the most difficult to achieve.

Regards
  • #92
  • Mar 26, 2010 4:30am Mar 26, 2010 4:30am
Quoting caben
Morning Tau.

Thanks, I loaded the new setting & it's looking good. Spend quite a bit of time refreshing yesterday, but this seems much better.

Also looks like it's doing a good job of catching the short term cycles in the larger trend. Just watching & will report back if I have anything meaningful to say.

Must add that there's nothing "Dummy" about what you're doing here. Simple is often the most difficult to achieve.

Regards
Good day to you,

Hope you are well. Always a struggle between getting the best / earliest possible indication to enter and exit, versus getting it dependable enough to work with as a sustainable system.

I will slowly start with some ideas as to what to look for.

Wish you success

Regards
  • #93
  • Mar 26, 2010 5:05am Mar 26, 2010 5:05am
The very first thing I always need to be aware of, are the hollow dots indicated on the chart. These may form in quick succession, or not. The purpose here, is to get a POSSIBLE heads-up of when a short term turn may be on the cards. These indications move. It is just a pre-emptive indication. It is not a doorstop or a brick wall. You will learn to understand how they move, once you have gone through a period of study / observation.

Their role is to attempt to keep you on the higher probability side of Price. Nothing more, nothing less. It is NOT an entry signal. The benefit here, is that these are based on Moving Average Type indicators ( running in the background) - so in theory - should be far better than a ZigZag based indicator to try and pinpoint possible turns. They may also keep you out of very good moves - and then disappear to frustrate you even more. But in general, they have a place.

With this indicator, there are some patterns to be observed that repeat frequently, and what one should be aware of. I will show you one in particular, that often presents itself.
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  • #94
  • Mar 26, 2010 5:23am Mar 26, 2010 5:23am
Just looking at the possible turns. A pattern that frequently emerges. I get the possible turn indication, and then there is a follow through / overshoot / trap.

In hindsight, everything looks simple. Guarantee you it is not. But I guess what I need to take from this pattern, is that there may be a trap first. A lot of the times...
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  • #95
  • Mar 26, 2010 6:05am Mar 26, 2010 6:05am
Quoting TauTrader
OK- replace all with the following set of indicators and template. This should sort out a lot of the subjectivity in terms of entry dots.

We are still trading 30min charts.

All indicators into the indi folder - template to template folder. Open a chart of your choice on 30 min. Add template. This should give you a chart looking like the one posted. If you battle to download the indis from the post, download from the attachments ( paperclip in the top right corner) - drill down and copy.

Rules I will post tomorrow - going to bed now.

Regards...
Morning TT
Looks very good system but I'm not sure i can test it because I'm stable with my system but i will follow and post any chance on my system to compare both system , Maybe that help to share views
  • #96
  • Mar 26, 2010 7:38am Mar 26, 2010 7:38am
Quoting egkid
Morning TT
Looks very good system but I'm not sure i can test it because I'm stable with my system but i will follow and post any chance on my system to compare both system , Maybe that help to share views
Good day to you,

Thank you for posting. This may be a brilliant idea!

So - for the next 2 weeks. All I am going to do, is see how well Rule 1 will perform in terms of giving early indication of possible turns. I will tell you by posting charts, and marking my potential entries, and you can do the same, based on your current system. Deal?

It should become an interesting excercise. In fact, anyone is wellcome to do so.

I want to implore everyone with interest, not to trade this at present. Rather assist in monitoring. I want to make very sure that the Rule1 indicator is doing it's intended job. I do not want to be responsible for you losing funds. Hopefully, patience will be rewarded later down the line.

I will not be at the PC every day, all the time, so should you be interested, please post your charts as these possible turns show up - on any pair you want - and let us observe. Only on 30 min charts.

Note - I regard a possible turn signal as valid, once it has stuck around for a couple of bars ( 3 - 5)

Regards

Regards
  • #97
  • Mar 26, 2010 8:01am Mar 26, 2010 8:01am
I am also looking at something, consolidation and the signals that pop up during this time. I have put on a 34 ema wave which has many uses, I have been laughed at for using it as a filter but it is effective.

Simple is better in my book. If it's pointing to 3 o'clock-it must be a range situation.
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  • #98
  • Mar 26, 2010 8:05am Mar 26, 2010 8:05am
Good day-

I have 2 charts on the 1hr. GU telling me a possible move up is on the cards somewhere in the near future. GJ telling me a move down is on the cards in the near future.

Both of them has done some form of overshoot / trap.

Let us see if they do their job. The signals will be void when a contradictory dot is displayed. What do you see on yours?

Regards
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  • #99
  • Mar 26, 2010 8:12am Mar 26, 2010 8:12am
Quoting calderone
I am also looking at something, consolidation and the signals that pop up during this time. I have put on a 34 ema wave which has many uses, I have been laughed at for using it as a filter but it is effective.

Simple is better in my book. If it's pointing to 3 o'clock-it must be a range situation.
Thank you for your post. Please feed in as much information as you can, whilst you still have interest. Your observations will be valuable. And please - if you think there is no value, I need to know. Do not hold back.

Wish you success.

Regards
  • #100
  • Mar 26, 2010 9:21am Mar 26, 2010 9:21am
Just testing the initial rule1 dots, and the trap pattern observed. Did some quick entries to test. Live account though..

I was suspicious with the contradictory signals, as the pairs are normally correlated to a degree. I also knew that one will previal, or rather take first initiation, whilst one would cost - and then vice versa.

The correlation on the 2 pairs were not there for a while... It seems to be returning, I therefor had to jump ship and close all. GU seems to be the dominant driver for now. I therefor want to ask again-that you do not trade this, until such time that all is revealed.

Going to have a BBQ now. Will invest time over the week-end to see if there are more improvements to be made to rule1 - I doubt it though. Time for darts, fire and some drinks. The wife and I are having a darts competition later.

Thank you to all that have contributed. I really appreciate this. I do.

I really hope that this excercise will bear fruits. I am slightly confident that there is value to be had.

Trade well, keep the faith and all that is good to you

Warm regards
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