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

  • #381
  • Apr 13, 2010 9:50am Apr 13, 2010 9:50am
I'm not satisfied with my trading today - the chart below shows what was possible. I talked myself out of the first long (+20) and bailed out on the second (+20) when I could have gained twice that by simple following my own guidelines.
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 8 KB
Old Benjamin was right
  • #382
  • Apr 13, 2010 10:18am Apr 13, 2010 10:18am
Quoting cce
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...
Hi cce,
Thanks for answer but to me doesn't work

folio
  • #383
  • Apr 13, 2010 10:50am Apr 13, 2010 10:50am
Quoting Lou G
I'm not satisfied with my trading today - the chart below shows what was possible. I talked myself out of the first long (+20) and bailed out on the second (+20) when I could have gained twice that by simple following my own guidelines.
LouG thanks for the system and all your trade examples thus far, hope you keep the good work up on this thread.. As for this trade, It has been said on this forum many time b4, better to be out of a trade wishing you were in, than been in a trade and wishing you were out...

Rebel
  • #384
  • Apr 13, 2010 11:12am Apr 13, 2010 11:12am
Quoting rebelheart
LouG thanks for the system and all your trade examples thus far, hope you keep the good work up on this thread.. As for this trade, It has been said on this forum many time b4, better to be out of a trade wishing you were in, than been in a trade and wishing you were out...

Rebel
Thanks for the encouragement - I will persevere and, hopefully, encourage others. I feel strongly that ALF/TVI (the method) is much better than my ability to trade it - and that's a good thing
Old Benjamin was right
  • #385
  • Apr 13, 2010 11:49am Apr 13, 2010 11:49am
Quoting KPForex
Hi, please see attached... i draw a white line.. this is where i enter trade..
Sorry I did not reply sooner - busy morning. Looks like you entered a bit late - watch for TVI to change color and then as soon as PA crosses ALF, that's when you should look to enter.

No need to hang on until your stop is hit - as soon as trade turns against you (often TVI changes) bail out and live to fight another day.
Old Benjamin was right
  • #386
  • Apr 13, 2010 12:09pm Apr 13, 2010 12:09pm
Quoting Lou G
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...

Hi Lou G:

All this time I thought you were referring to Benjamin Graham.

Your system looks good, very clean. Much nicer than what I've been working with. I set it up with the TVI w audible alert and the worktime indicator. Going to try it in the London session (1am here) and watch EURUSD 5m,15m,1hr charts.

Take care,

John
  • #387
  • Apr 13, 2010 1:16pm Apr 13, 2010 1:16pm
why has it gone so quiet in here? anyone????
  • #388
  • Apr 13, 2010 1:34pm Apr 13, 2010 1:34pm
Quoting Lou G
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...

Hi Lou,

Thought we are not supposed to trade when there is divergence betwee the two indi's?

Rgds
Eddie
  • #389
  • Apr 14, 2010 2:41am Apr 14, 2010 2:41am
The best setups I like is when ALF is flat and TVI gives great slope..there was no doubt in my mind about this one. As usual entry at pullback to 6 EMA and exit at 20 pips.

Also I think TP@2*ATR(20) is a good one to take since ALF also uses 20 periods in its calculation. Again each one at its own discretion.

Lets c what US session has on offer.
Cheers
Punter
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu-entry.jpg Size: 112 KB
Click to Enlarge Name: eu-exit.jpg Size: 115 KB
  • #390
  • Apr 14, 2010 3:38am Apr 14, 2010 3:38am
Hi:

I guess I was a bit premature in my entry. Saw it poking below the ALF on the 15min and the 1hr TVI was switching back and forth so I jumped in. I set a 20 tp so I ended up capturing almost the entire initial move.

This is my first session trading this system. Not sure if having 5min chart open is more of a distraction than a help right now.
Attached Image (click to enlarge)
Click to Enlarge Name: first alf tvi trade.gif Size: 67 KB
  • #391
  • Apr 14, 2010 6:57am Apr 14, 2010 6:57am
Quoting pipppindog
Hi:

I guess I was a bit premature in my entry. Saw it poking below the ALF on the 15min and the 1hr TVI was switching back and forth so I jumped in. I set a 20 tp so I ended up capturing almost the entire initial move.

This is my first session trading this system. Not sure if having 5min chart open is more of a distraction than a help right now.
That's the ticket.
Old Benjamin was right
  • #392
  • Apr 14, 2010 7:00am Apr 14, 2010 7:00am
Quoting teknoesen
Hi Lou,

Thought we are not supposed to trade when there is divergence betwee the two indi's?

Rgds
Eddie
Slope of ALF has been deprecated - when PA (the third and most important indicator) breaks ALF, time to act.
Old Benjamin was right
  • #393
  • Apr 14, 2010 7:01am Apr 14, 2010 7:01am
News in 30 minutes, sit tight...

I don't trade during news - too many negatives (high spreads, requotes galore, etc.).
Old Benjamin was right
  • #394
  • Apr 14, 2010 7:13am Apr 14, 2010 7:13am
Quoting Punter
The best setups I like is when ALF is flat and TVI gives great slope..there was no doubt in my mind about this one. As usual entry at pullback to 6 EMA and exit at 20 pips.

Also I think TP@2*ATR(20) is a good one to take since ALF also uses 20 periods in its calculation. Again each one at its own discretion.

Lets c what US session has on offer.
Cheers
Punter
Very nice - good analysis and result...
Old Benjamin was right
  • #395
  • Apr 14, 2010 7:59am Apr 14, 2010 7:59am
hi,
i clicked on the template link on post 1, i save it in the template folder, however when i restart metatrader the template is not in the list. can anyone help.
  • #396
  • Apr 14, 2010 8:27am Apr 14, 2010 8:27am
Tried long at the arrow, PA not cooperating, exit with small loss...
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 8 KB
Old Benjamin was right
  • #397
  • Apr 14, 2010 8:29am Apr 14, 2010 8:29am
Quoting eagle_eye
hi,
i clicked on the template link on post 1, i save it in the template folder, however when i restart metatrader the template is not in the list. can anyone help.
Did you also download all indicators? If you're using IE, try downloading from the paperclip icon in the upper right corner of each page...
Old Benjamin was right
  • #398
  • Apr 14, 2010 8:40am Apr 14, 2010 8:40am
Quoting Lou G
Tried long at the arrow, PA not cooperating, exit with small loss...
Bernanke is about to talk in about 20 min...I'll wait till he stops talking!
  • #399
  • Apr 14, 2010 8:43am Apr 14, 2010 8:43am
Quoting Punter
Bernanke is about to talk in about 20 min...I'll wait till he stops talking!
Yes - EU range-bound since the NY open 1.3600-1.3640 or so. Good time to wait...
Old Benjamin was right
  • #400
  • Apr 14, 2010 10:25am Apr 14, 2010 10:25am
On Sunday evening I usually look ahead on FF to see the news for the coming week and make some notes on the calendar - I had today marked as a questionable day for trading (at least for what I do).

I'm hanging it up for the day - a small loss earlier and so it goes...
Old Benjamin was right
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