ALF/TVI - Simple, effective daytrading | Page 19 | Forex Factory

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ALF/TVI - Simple, effective daytrading

  • #361
  • Apr 12, 2010 11:15am Apr 12, 2010 11:15am
Quoting PipsUser
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
No, I don't - just keep a close eye on my trades. I've seen trailing stop EAs here on FF - look around a little bit, maybe in the Programming Discussion Forum?
Old Benjamin was right
  • #362
  • Apr 12, 2010 11:16am Apr 12, 2010 11:16am
Quoting cce
Let's see a chart of the trade...maybe someone can help for future...
When did you enter long?
Cliff
Yes, absolutely - post your chart with an arrow showing where you took the trade and someone will help you...
Old Benjamin was right
  • #363
  • Apr 12, 2010 11:32am Apr 12, 2010 11:32am
Decent Trade Manager is Update Stops.

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: Cable_Sell 15+.jpg Size: 51 KB
Attached File(s)
File Type: ex4 US.ex4   12 KB | 667 downloads
  • #364
  • Apr 12, 2010 11:44am Apr 12, 2010 11:44am
Here's my previous trade with some imaginary trend lines. Note the higher lows (green TL) preceding upward break through ALF supporting entry at the up arrow. Worst case should be close the trade at the X (+10 pips) after seeing the lower high (red TL).
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 11 KB
Old Benjamin was right
  • #365
  • Apr 12, 2010 12:02pm Apr 12, 2010 12:02pm
This may help some identify entry points and exits...
Keep in mind that even good entries can turn on you...
Which means you don't have to wait for your SL to be hit
if you see an opposite trade taking over PA...

As Lou stated on the first page of this thread:
1. The slope of ALF is not as important as I originally thought - the relationship between ALF and PA is critical.

I'm using the TVI for the moment as a mini fan to see if it helps with identifying an entry as well.
Questions??? Feel free to ask, but I think the chart pretty much explains it.
Cliff
Attached Image (click to enlarge)
Click to Enlarge Name: EU_41210.gif Size: 43 KB
I get exercise just pushing my luck
  • #366
  • Apr 12, 2010 12:11pm Apr 12, 2010 12:11pm
Quoting cce
This may help some identify entry points and exits...
Keep in mind that even good entries can turn on you...
Which means you don't have to wait for your SL to be hit
if you see an opposite trade taking over PA...

As Lou stated on the first page of this thread:
1. The slope of ALF is not as important as I originally thought - the relationship between ALF and PA is critical.

[size=3][color=blue][size=2][color=#000000][size=4][color=blue][size=2][color=black]I'm...
I have all kinds of guppy charts, so i like your fan and put it on a chart. When they line up in order with a gap between, it could id a bigger move. Worth investigating
  • #367
  • Apr 12, 2010 12:22pm Apr 12, 2010 12:22pm
Good eye Goldsufer...
What I'm looking at is the relation of widening gap in TVI lines, their relation to zero line and the PA setup with ALF entry rules...
Also, added TVI 3,3,5 to the mix...
So far looks very good...
Cliff

Quoting goldsurfer
I have all kinds of guppy charts, so i like your fan and put it on a chart. When they line up in order with a gap between, it could id a bigger move. Worth investigating
I get exercise just pushing my luck
  • #368
  • Apr 12, 2010 12:33pm Apr 12, 2010 12:33pm
Quoting KPForex
hi forexwolf,

i download ur indicators and template..so what is ur entry like? where is the sweetspot indicator (is loaded) and how come your TVI histogram color is different when is below 0? there are two colors below 0, what does that mean? thanks
Hello KPForex,
Sorry for the delay, but it was a big party weekend at the ski resort where I worked this winter! Still recovering...
If you look back on pages 21, 22 I explain what I look for to enter the market. Please review that and let me know if you have any questions regarding those posts.
I use the sweet spots indi to mark the 100 and 50 areas of price. Just good big numbers to keep and eye on as price will react around these numbers. The histogram coloration has to do with the "strength" of the TVI signal. I use it more for a visualization of when the zero line has been crossed. I just like how it looks....
Thanks!
  • #369
  • Apr 12, 2010 12:34pm Apr 12, 2010 12:34pm
Quoting cce
Good eye Goldsufer...
What I'm looking at is the relation of widening gap in TVI lines, their relation to zero line and the PA setup with ALF entry rules...
Also, added TVI 3,3,5 to the mix...
So far looks very good...
Cliff
Yeah, that was a great idea, i shoulda thought of it!

initial glance does look interesting, be watching with you.

cheers
  • #370
  • Apr 12, 2010 12:49pm Apr 12, 2010 12:49pm
Quoting cce
Good eye Goldsufer...
What I'm looking at is the relation of widening gap in TVI lines, their relation to zero line and the PA setup with ALF entry rules...
Also, added TVI 3,3,5 to the mix...
So far looks very good...
Cliff
That's really interesting, Cliff - keep us posted.
Old Benjamin was right
  • #371
  • Apr 12, 2010 11:14pm Apr 12, 2010 11:14pm
Hi, please see attached... i draw a white line.. this is where i enter trade..

Quoting cce
Let's see a chart of the trade...maybe someone can help for future...
When did you enter long?
Cliff
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 66 KB
  • #372
  • Apr 13, 2010 1:28am Apr 13, 2010 1:28am
Quoting cce
This may help some identify entry points and exits...
Keep in mind that even good entries can turn on you...
Which means you don't have to wait for your SL to be hit
if you see an opposite trade taking over PA...

As Lou stated on the first page of this thread:
1. The slope of ALF is not as important as I originally thought - the relationship between ALF and PA is critical.

[size=3][color=blue][size=2][color=#000000][size=4][color=blue][size=2][color=black]I'm...
Hi Cliff,

Please show me, if is possible, how can I put in the same chart 3 different TVI.Thanks in advance,

Folio
  • #373
  • Apr 13, 2010 6:42am Apr 13, 2010 6:42am
Kp...entry would be on the next bar to the right of the one you have marked when it breaks the low of the Outside Bar to the left of the bar you have marked. This is the traditional entry and SL is then Outside Bar's high pulse spread.
This is aggressive entry and more likely to fail if market is not active or the trade is against the trend.
Hope that helps out.

Quoting KPForex
Hi, please see attached... i draw a white line.. this is where i enter trade..
I get exercise just pushing my luck
  • #374
  • Apr 13, 2010 6:44am Apr 13, 2010 6:44am
Folio... simply place one TVI on top of another into the same TVI window...drag and drop as it were...colors flavored to your taste...
I am only experimenting with this...finding success with just two TVI settings at 5,5,5 and 8,8,5 as well...

Quoting folio
Hi Cliff,

Please show me, if is possible, how can I put in the same chart 3 different TVI.Thanks in advance,

Folio
I get exercise just pushing my luck
  • #375
  • Apr 13, 2010 7:46am Apr 13, 2010 7:46am
News trading now - resistance around 1.3600 (EU). I'm waiting...
Old Benjamin was right
  • #376
  • Apr 13, 2010 7:51am Apr 13, 2010 7:51am
Quoting Lou G
News trading now - resistance around 1.3600 (EU). I'm waiting...
TVI and ALF are flat as a stick on M30 and H1. Damn it.. market is not moving on even big news these days..strange!
  • #377
  • Apr 13, 2010 8:15am Apr 13, 2010 8:15am
Quoting Punter
TVI and ALF are flat as a stick on M30 and H1. Damn it.. market is not moving on even big news these days..strange!
In retrospect, that could have been a good trade (M15, 12:45gmt) for 20-30 pips but I didn't take it - kudos to any who did...
Old Benjamin was right
  • #378
  • Apr 13, 2010 8:47am Apr 13, 2010 8:47am
Rough seas, Cap'n.








Who's old benjamin and why was he right?
  • #379
  • Apr 13, 2010 9:09am Apr 13, 2010 9:09am
Quoting Urantian
Rough seas, Cap'n.








Who's old benjamin and why was he right?
Old Benjamin, the donkey is the eternal cynic in "Animal Farm" by George Orwell.

Just took +20 (EU, 13:45gmt) and glad to get it - very rough seas indeed...
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 8 KB
Old Benjamin was right
  • #380
  • Edited 9:33am Apr 13, 2010 9:26am | Edited 9:33am
A few posts ago I mentioned my results from the first 20 trades placed using this method. Why 20 trades?

I'm using a technique suggested by Michael Douglas - keeping track of my results by trading in 20 trade sample cycles. Mr. Douglas explains in detail why this an important thing to practice. I won't bore everyone by repeating it all here - suffice it to say that I think it helps a great deal.

1st cycle - 16 wins, 4 losses.

2nd cycle - 2 wins, 0 losses (so far).

Not boasting, trying to be encouraging. If an admitted poor trader (as I've confessed to repeatedly) can do this, anyone can
Old Benjamin was right
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