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ALF/TVI - Simple, effective daytrading

  • #341
  • Edited 8:06am Apr 12, 2010 8:06am | Edited 8:06am
Nice work - wish I could trade London but it doesn't fit with the rest of my life.
Old Benjamin was right
  • #342
  • Apr 12, 2010 8:15am Apr 12, 2010 8:15am
Just a Gap trade I took at 4pm CST (Minnesota) at Sunday open...just waiting for gap to close or close to it and then take profit ...should be able to sqeese about 100 pips or so out of the move...if it doesn't close today I'll just let it ride untill it does...
I've got proper MM/RR in place to protect myself from me...

Quoting Lou G
Nice work - wish I could trade London but it doesn't fit with the rest of my life.
I get exercise just pushing my luck
  • #343
  • Apr 12, 2010 8:23am Apr 12, 2010 8:23am
Quoting calchide
hi everyone. not clear exactly when to enter. must wait ALF curved? Thanks to all in advance
Good entry points in the highlighted areas - either decisive move through alf OR slope change with tvi confirmation is reason to enter.
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 11 KB
Old Benjamin was right
  • #344
  • Apr 12, 2010 8:26am Apr 12, 2010 8:26am
Hi Folks
Please see one of the trade 2day.
Attached Image (click to enlarge)
Click to Enlarge Name: 20100412 eur-usd m15.gif Size: 19 KB
  • #345
  • Apr 12, 2010 8:26am Apr 12, 2010 8:26am
When NOT to trade looks like this:
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 7 KB
Old Benjamin was right
  • #346
  • Apr 12, 2010 8:26am Apr 12, 2010 8:26am
I have read few pages of this thread ... I don't understand how the indicators work ...

When I saw ALF ... and its relation with PA, for me it's almost equal to how I see MA. when PA above ALF, bull ... when PA below ALF .. bear ....

I know I'm missing much and probably some people still confused because there's no clear explanation on how to trade this method.

Really appreciate for any help from anyone
  • #347
  • Apr 12, 2010 8:39am Apr 12, 2010 8:39am
Take this long:
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 7 KB
Old Benjamin was right
  • #348
  • Apr 12, 2010 8:48am Apr 12, 2010 8:48am
I chose to take the +20 due to Monday (usually a slow day). Others who are more courageous are still in this trade...
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 7 KB
Old Benjamin was right
  • #349
  • Apr 12, 2010 9:01am Apr 12, 2010 9:01am
Quoting iCarumba
there's no clear explanation on how to trade this method.

Really appreciate for any help from anyone
Sure there is - many have posted winning trades. I just did so; +20 pips is a good day (for a Monday).

1. - PA moves through ALF confirmed by TVI (or TVI changes direction eventually confirmed by PA crossing through ALF).

2. - Study winning trades until their characteristics settle into your brain (pattern recognition and screen time).

3. - stay alert once in the trade - no one can predict how far a move will go.

Hope this helps...
Old Benjamin was right
  • #350
  • Apr 12, 2010 9:06am Apr 12, 2010 9:06am
Taking the +20 was a prudent move here...very thready low volume in the market this Monday...

Quoting Lou G
I chose to take the +20 due to Monday (usually a slow day). Others who are more courageous are still in this trade...
I get exercise just pushing my luck
  • #351
  • Apr 12, 2010 9:17am Apr 12, 2010 9:17am
Izzy Pizzy...like Lou says...

Quoting Lou G
Sure there is - many have posted winning trades. I just did so; +20 pips is a good day (for a Monday).

1. - PA moves through ALF confirmed by TVI (or TVI changes direction eventually confirmed by PA crossing through ALF).

2. - Study winning trades until their characteristics settle into your brain (pattern recognition and screen time).

3. - stay alert once in the trade - no one can predict how far a move will go.

Hope this helps...
I get exercise just pushing my luck
  • #352
  • Apr 12, 2010 9:27am Apr 12, 2010 9:27am
Quoting cce
Taking the +20 was a prudent move here...very thready low volume in the market this Monday...
And can always re-enter later if things develop that way...
Old Benjamin was right
  • #353
  • Apr 12, 2010 9:28am Apr 12, 2010 9:28am
Hello Everyone,
We can see new people find this thread read it and trying. That is great. There may be some confusing points. Some people trade basic rules others add there own indicators and modify system.

But I want to warn you all, that any system needs to be tested and understood for 150%. Concerning trading time. If you will follow rules and trade only London and NY sessions, I mean if you will follow all the signals, you will have more losers. It this case you should care about your R:R.
This is my own opinion. Overall the system is promising.
The Road appears under the steps of walking men...
  • #354
  • Edited 9:37am Apr 12, 2010 9:37am | Edited 9:37am
A move through resistance (1.3515 or so) and upward moves by ALF/TVI needed before I would consider re-entry.

Soondoock is correct - it's not something that can be traded mechanically. I actually wonder if there is anything that can be.

RR is always on my mind - I use a 20 pip stop and am looking for +15 to 20 (or more) with a good win percentage. I was successful on 16 of last 20 trades, which is just fine...
Old Benjamin was right
  • #355
  • Apr 12, 2010 9:49am Apr 12, 2010 9:49am
A method with mechanical rules that can be traded profitably would be, in effect, an EA or trading robot.

I won't go so far as to say that this is not possible - only that I have not yet seen one. I've been here on FF for quite a while and seen EAs come and go without ever reaching long-term consistency. The computer between your ears is still the best one.
Old Benjamin was right
  • #356
  • Edited 10:01am Apr 12, 2010 10:00am | Edited 10:01am
The blue line is the entry point of my last trade (posted earlier). Red line is the stop - let's see what happens to those who stayed in the trade rather than exit at +20...
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 8 KB
Old Benjamin was right
  • #357
  • Apr 12, 2010 10:34am Apr 12, 2010 10:34am
Okay - as you can see, a chance for +20, a second chance for +15 and plenty of time to save the trade with +10 before the end.
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 9 KB
Old Benjamin was right
  • #358
  • Apr 12, 2010 10:52am Apr 12, 2010 10:52am
Hi Lou:

Do you use trailing stop loss? If yes can you point me to some script that does just trailing stop loss. When profit has jumped to 15pips then trailing to begin at 9 pips and every 5pip change upwards, the trailing stop change by 2 pips.
The intial SL = 20 pips.


Regards,
Anjani Singh

Quoting Lou G
Okay - as you can see, a chance for +20, a second chance for +15 and plenty of time to save the trade with +10 before the end.
  • #359
  • Apr 12, 2010 10:57am Apr 12, 2010 10:57am
hit my SL of 20 pips when long EU... sigh
  • #360
  • Apr 12, 2010 11:10am Apr 12, 2010 11:10am
Let's see a chart of the trade...maybe someone can help for future...
When did you enter long?
Cliff

Quoting KPForex
hit my SL of 20 pips when long EU... sigh
I get exercise just pushing my luck
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