ALF/TVI - Simple, effective daytrading | Page 12 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

ALF revisited - simple, effective daytrading 1,194 replies

1min scalping using mtf ALF by bbolss 685 replies

How difficult is it to find an effective daytrading method? 156 replies

Alf Alert problem 2 replies

tvi histogram 0 replies

Attachments: ALF/TVI - Simple, effective daytrading
Exit Attachments

ALF/TVI - Simple, effective daytrading

  • #221
  • Edited 2:35am Apr 6, 2010 2:21am | Edited 2:35am
Quoting pbb
Hi Soondoock,

You mentioned that the start of EU time is not a good time to trade, can I ask what times you checked? I have been looking at EU from 6.00 untill 13.00(London) and that looks ok so far.

Thanks.

pbb
Well may be that is my bad English.
I mean that during the beginning of EU session there is often "morning flat". ALF line is almost every day flat. So it takes long to wait for signal. That is my opinion and the way I see it. I found time proposed by Lou G is fine. 12:00GMT -16:00GMT
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 24 KB
The Road appears under the steps of walking men...
  • #222
  • Apr 6, 2010 3:09am Apr 6, 2010 3:09am
Hi Soondoock, i thought Lou G mentioned the best time is 1st 4th hours (US Session) and last 4th hours (Europe Session)?
  • #223
  • Apr 6, 2010 3:39am Apr 6, 2010 3:39am
Please read this post.
http://www.forexfactory.com/showpost...&postcount=200
The Road appears under the steps of walking men...
  • #224
  • Apr 6, 2010 3:58am Apr 6, 2010 3:58am
Quoting jesperweber
From what I have been watching on the charts over the past week, I think more important than slope of ALF is what TVI is doing on higher timeframes. I like the histogram and have it configured with different colors for positive and negative, increasing and decreasing values. A screenshot is attached for reference. In the chart, dark blue above 0.00 is a strong indication to trade long, dark red below 0.00 is a strong indication to trade short. Light blue and light red are weak indications.

I'm an MTF trader, so this leaves me a bit biased, but...
Nice Histogram you got there.... Please could you upload it ?
  • #225
  • Apr 6, 2010 4:16am Apr 6, 2010 4:16am
Quoting cspip
Nice Histogram you got there.... Please could you upload it ?
It is from the first post. I think he just changed the colours
The Road appears under the steps of walking men...
  • #226
  • Apr 6, 2010 4:51am Apr 6, 2010 4:51am
Hi Lou,

This is fantastic tool.

Could you upload your template file that show bith TVI indicator and TVI Histo superimposed. It looks good. Can you tell me how to do it?

Regards,
Anjani Singh


Quoting Lou G
I trade from about 12:00 GMT until 16:00 GMT. This period is the last 4 hours of the London market and the first 4 hours of New York. There is almost always a tradable (and profitable) move each day during this time period. Generally speaking, the first half of any of the three markets is the time most likely to be successful.

Rules (such as they are) are very simple - trade a direction change in the TVI filtered by ALF. If TVI is moving down and PA goes below ALF, sell. Reverse for long trades. TVI nearly always changes direction before PA crosses...
  • #227
  • Apr 6, 2010 6:49am Apr 6, 2010 6:49am
Quoting Lou G

Update 4/4/10 - After several weeks of live forward testing (the best kind) I have determined the following:

1. The slope of ALF is not as important as I originally thought - the relationship between ALF and PA is critical.
Lou G,
Can you please explain this statement?
Thanks
The Road appears under the steps of walking men...
  • #228
  • Apr 6, 2010 7:49am Apr 6, 2010 7:49am
Hello,

My settings on TimeFrame M15 is as given below:
ALF settings:
LockBack = 20
Median = 5
PriceType = 4

TVI settings:
r=8
s=8
u=5

Is above setting correct or do i need to change some values?

Regards,
Anjani Singh
  • #229
  • Apr 6, 2010 7:53am Apr 6, 2010 7:53am
My trade for today (so far)
Attached Image
Old Benjamin was right
  • #230
  • Apr 6, 2010 7:59am Apr 6, 2010 7:59am
Quoting Soondoock
Lou G,
Can you please explain this statement?
Thanks
Several traders pointed out that the downward (or upward) slope of ALF is a bit too long to wait to enter - a definitive move through ALF by PA (see the trade for today) is more important. Therefore, I'm deprecating the slope of ALF as an entry requirement. We live and learn...
Old Benjamin was right
  • #231
  • Apr 6, 2010 8:02am Apr 6, 2010 8:02am
Quoting PipsUser
Hello,

My settings on TimeFrame M15 is as given below:
ALF settings:
LockBack = 20
Median = 5
PriceType = 4

TVI settings:
r=8
s=8
u=5

Is above setting correct or do i need to change some values?

Regards,
Anjani Singh
Yes, correct.

RE: your question about TVI window - use Navigator to drag TVI_2color into the same window as TVI_histo (or vice-versa) - no template required.
Old Benjamin was right
  • #232
  • Apr 6, 2010 8:06am Apr 6, 2010 8:06am
Hello,
Lou G, you stole my trade (joking).
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 17 KB
The Road appears under the steps of walking men...
  • #233
  • Apr 6, 2010 8:07am Apr 6, 2010 8:07am
Thanks Lou.

I was not aware that I can superimpose just by using the navigator. Another learning. Thanks a bunch.

I have one suggestion:
Can you create one your video of your trading station how you do the trading? This would be fantastic learning for everyone especially the newbies.

Regards,
Anjani Singh
  • #234
  • Apr 6, 2010 8:07am Apr 6, 2010 8:07am
Quoting Lou G
Yes, correct.

RE: your question about TVI window - use Navigator to drag TVI_2color into the same window as TVI_histo (or vice-versa) - no template required.
just now went long GBPUSD when i saw the slope going up and the TVI got a small green bar... but quickly stop loss...

anyway to prevent that?
  • #235
  • Apr 6, 2010 8:07am Apr 6, 2010 8:07am
Quoting Lou G
Several traders pointed out that the downward (or upward) slope of ALF is a bit too long to wait to enter - a definitive move through ALF by PA (see the trade for today) is more important. Therefore, I'm deprecating the slope of ALF as an entry requirement. We live and learn...
I had a lot of losers with flat one. The only way for me then to look at M5 for earlier confirmation
The Road appears under the steps of walking men...
  • #236
  • Apr 6, 2010 8:08am Apr 6, 2010 8:08am
I posted on this subject a while back (for the less-experienced - others already know).

I trade 12:00-16:00 GMT because that's early morning for me (7am CST) and covers the overlap of London/NewYork). I would prefer to trade London alone but it does not fit with the rest of my life

I do look at the Asian open each day (6pm for me) and will trade then if there is activity.
Old Benjamin was right
  • #237
  • Apr 6, 2010 8:13am Apr 6, 2010 8:13am
Quoting KPForex
just now went long GBPUSD when i saw the slope going up and the TVI got a small green bar... but quickly stop loss...

anyway to prevent that?
Nope. As they say in Contract Bridge, "you have to lose your losers".

I don't follow GU - what TF are you trading? Post a chart.
Old Benjamin was right
  • #238
  • Apr 6, 2010 8:18am Apr 6, 2010 8:18am
Closed out at 1.3367 - +26 pips.
Old Benjamin was right
  • #239
  • Apr 6, 2010 8:21am Apr 6, 2010 8:21am
Hi Lou,

How do you apply the stop loss? Do you use trailing stop loss?
Any insight would be good.

Regards,
Anjani Singh

Quoting Lou G
Closed out at 1.3367 - +26 pips.
  • #240
  • Apr 6, 2010 8:25am Apr 6, 2010 8:25am
what pairs u using? i only look at EU and GU..

Attached is the GU chart. i go long when is around 1215 becos the slope is going up.. but who knows it went down after that...


Quoting Lou G
I posted on this subject a while back (for the less-experienced - others already know).

I trade 12:00-16:00 GMT because that's early morning for me (7am CST) and covers the overlap of London/NewYork). I would prefer to trade London alone but it does not fit with the rest of my life

I do look at the Asian open each day (6pm for me) and will trade then if there is activity.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 95 KB
0 traders viewing now