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ALF/TVI - Simple, effective daytrading

  • #261
  • Edited 11:29am Apr 6, 2010 11:23am | Edited 11:29am
Quoting KPForex
is this a good buy for GU?
Yes - you read my mind. I just logged on to ask if anyone had caught it and, if so, to post their chart Good for 20-30 pips so far.

Hey, how do you attach a thumbnail? I've been posting charts as attachments...
Old Benjamin was right
  • #262
  • Apr 6, 2010 11:34am Apr 6, 2010 11:34am
just save ur attachment as gif or jpg and click on attachment and upload from file...

Mine still have not close trade yet, when long at 1.5228

Quoting Lou G
Yes - you read my mind. I just logged on to ask if anyone had caught it and, if so, to post their chart Good for 20-30 pips so far.

Hey, how do you attach a thumbnail? I've been posting charts as attachments...
  • #263
  • Apr 6, 2010 11:39am Apr 6, 2010 11:39am
Quoting KPForex
just save ur attachment as gif or jpg and click on attachment and upload from file...

Mine still have not close trade yet, when long at 1.5228
Thanks, I'll try it - looks better than the way I've been doing it. Keep a close eye on that trade...
Old Benjamin was right
  • #264
  • Apr 6, 2010 11:44am Apr 6, 2010 11:44am
I hope all you Cable traders saw this...
Attached Image
Old Benjamin was right
  • #265
  • Apr 6, 2010 11:48am Apr 6, 2010 11:48am
Quoting Lou G
I hope all you Cable traders saw this...
But ALF was still flat at the entry point ?
  • #266
  • Edited 11:53am Apr 6, 2010 11:49am | Edited 11:53am
My chart still didn't show as a thumbnail - I'll have to play with it some more....

Maybe another minor glitch due to the fact that I run MT4 under Linux/Wine - there are a few small problems from time to time.
Old Benjamin was right
  • #267
  • Apr 6, 2010 11:59am Apr 6, 2010 11:59am
Quoting Lou G
My chart still didn't show as a thumbnail - I'll have to play with it some more....

Maybe another minor glitch due to the fact that I run MT4 under Linux/Wine - there are a few small problems from time to time.
oh.. no wonder.. linux might have some problem with it..

i keeping a close eye on GU
  • #268
  • Apr 6, 2010 12:04pm Apr 6, 2010 12:04pm
Quoting cspip
But ALF was still flat at the entry point ?
Yeah, I know. It appears that the original rule needs some discretion (pointed out to me by several traders)...

http://www.forexfactory.com/showpost...&postcount=243

Does this make sense?
Old Benjamin was right
  • #269
  • Apr 6, 2010 12:11pm Apr 6, 2010 12:11pm
Quoting Lou G
Yeah, I know. It appears that the original rule needs some discretion (pointed out to me by several traders)...

http://www.forexfactory.com/showpost...&postcount=243

Does this make sense?
Got it.
  • #270
  • Edited 12:40pm Apr 6, 2010 12:25pm | Edited 12:40pm
Quoting cspip
Got it.
If it's any help, the subsequent bar (which would be an even better entry point) does show a 1 pip increase in ALF - may need to use Data Window to see it though. Or, the bar after that shows a clearly rising ALF and an entry there (at 1.5206) made a good trade.

I don't mean to waffle on the rules (or guidelines, if you will). I watched this thing like a hawk for many weeks during its development but evidently not enough to see every nuance. Bear with me - modifications to the original guidelines as outlined in post #1 have been very few and not drastic in nature...

I also tried to address this very early in the thread:

http://www.forexfactory.com/showpost...2&postcount=24

Jeez, creating rules that work is 'way harder than trading
Old Benjamin was right
  • #271
  • Apr 6, 2010 12:42pm Apr 6, 2010 12:42pm
Hi Lou,Based on PA, i took short position for EU @ 1.3364 20:32GMT. Is it ok or did i do the mistake?Let me know.Regards,Anjani
  • #272
  • Apr 6, 2010 1:12pm Apr 6, 2010 1:12pm
Quoting PipsUser
Hi Lou,Based on PA, i took short position for EU @ 1.3364 20:32GMT. Is it ok or did i do the mistake?Let me know.Regards,Anjani
I think your broker's server is not on GMT - it's 18:05 GMT now so the server is probably GMT+2.

That said, I would not trade between 16:00 and midnight GMT unless a very clear trend is in place (which it is not). I don't see a definitive move through ALF either so your trade may not do what you want.

The time you choose to trade is as important as any other factor. The first 4 hours of any of the three trading sessions is almost always the best time for that session.
Old Benjamin was right
  • #273
  • Edited 1:24pm Apr 6, 2010 1:21pm | Edited 1:24pm
Hi Lou,

Sorry i goofed up with the time it is gmt+2 hours.

I am going to cut the loss. My bad sense for going for this trade.

Regards,
Anjani


Quoting Lou G
I think your broker's server is not on GMT - it's 18:05 GMT now so the server is probably GMT+2.

That said, I would not trade between 16:00 and midnight GMT unless a very clear trend is in place (which it is not). I don't see a definitive move through ALF either so your trade may not do what you want.

The time you choose to trade is as important as any other factor. The first 4 hours of any of the three trading sessions is almost always the best time for that session.
  • #274
  • Apr 6, 2010 1:36pm Apr 6, 2010 1:36pm
Just got TP for my GU but only 10 pips. Long at 1.5229... should have let it run.. haha

By the way, i think is about time to go long for EU.. what you all think?
  • #275
  • Apr 6, 2010 3:08pm Apr 6, 2010 3:08pm
If you don't want the 10 pips ...

I think I'll wait about 3 hours and see what EU does on Asian market.
Old Benjamin was right
  • #276
  • Apr 6, 2010 3:13pm Apr 6, 2010 3:13pm
Quoting PipsUser
Hi Lou,

Sorry i goofed up with the time it is gmt+2 hours.

I am going to cut the loss. My bad sense for going for this trade.

Regards,
Anjani
MT4 should allow the user to set the chart time - it would save lots of confusion.

Wait for PA to move away from ALF and TVI to move in the same direction - when ALF and TVI are both flat it's a good time to wait.
Old Benjamin was right
  • #277
  • Apr 7, 2010 6:03am Apr 7, 2010 6:03am
Hello again,

Just check the picture.
Interesting, isn't it ?

Best regards, J.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 42 KB
Audaces fortuna iuvat !
  • #278
  • Edited 7:27am Apr 7, 2010 6:57am | Edited 7:27am
Hello ChojnaK
Very nice, could you post your indics and template please ?
Thx
  • #279
  • Apr 7, 2010 7:33am Apr 7, 2010 7:33am
Quoting chojnak
Hello again,
Just check the picture.
Interesting, isn't it ?
Yes. I also notice you're using a semafore alert indicator. I use it all the time too. How's your trading doing with this setup?

Cheers,
Ed
  • #280
  • Edited 7:47am Apr 7, 2010 7:34am | Edited 7:47am
Gopsat,

You can do it yourself, it's pretty easy.

LWMA 55 red, LWMA 21 green, LWMA 144 orange, Laguerre Filter, two TVI, one with 32,32,5 settings and zero line (as original TVI for general trend filter and confirmation), TVI histogram with 8,8,5 as a trigger. And trend line.
That's all.

Enewbold,

Semafor is good tool but only when used in main trend and the price action with semafor's alert.


Regards, J.

PS. Please, do not focus on my MT4 screen, my templates etc. Focus on original Lou G system
My screeshots are posted only as "idea".
Audaces fortuna iuvat !
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