ALF/TVI - Simple, effective daytrading | Page 25 | 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

  • #481
  • Apr 22, 2010 8:15am Apr 22, 2010 8:15am
Quoting gopsat77
Hi Lou G
I have some difficuities about retracement in this Strategy (ALT/TVI in 15M)
My question is, how do you treat the retracement please.

Kind regards
gopsat.
When PA passes the point at which the reversal occurred, enter in the direction of the original trend (if ALF/TVI are in agreement). If that point is not reached it isn't a retracement, it's a reversal.
Old Benjamin was right
  • #482
  • Apr 22, 2010 8:22am Apr 22, 2010 8:22am
Last trade analysis:

Not bad, I knew going in that it was to be a small +10 pips unless price took off in first 15 minutes. The setup was too good of an example of a "textbook" entry signal for me to pass up. From a technical standpoint the TVI had me a bit concerned, along with the fact that we had such a big move in the London session with only so so 8:30 news to push it a little lower.

These are some of the thoughts that run over and over in my head before and during my trade. I need a thought silencer for my brain during the trade LOL ...

I also need to get used to posting. It is a little daunting putting yourself out there for all to see. Respect to all that do this on a Regular basis (You especially Lou) ...

Mark
EllisEdi Moving on to my next trade ...
  • #483
  • Apr 22, 2010 8:34am Apr 22, 2010 8:34am
Quoting yahootex
Hi All,

Just took the short trade below on the Canadian Dollar for 9 pips.

Good trading All!

Attachment
Good going - nice to see this approach can work on the Loonie as well as other pairs.

Keep it up.
Old Benjamin was right
  • #484
  • Apr 22, 2010 8:40am Apr 22, 2010 8:40am
Quoting EllisEdi
Last trade analysis:

Not bad,...
Good analysis - it's been a rough couple of days for the EU and tomorrow may not be good either.
Old Benjamin was right
  • #485
  • Apr 22, 2010 9:09am Apr 22, 2010 9:09am
Crazy day for me. Tomorrow is Friday, so I think may be to take a rest.
It is better to miss an opportunity than to lose money.
The Road appears under the steps of walking men...
  • #486
  • Apr 22, 2010 9:41am Apr 22, 2010 9:41am
hello
im thanx for your system Lou !
i checked it and connected with teb ema mtf method instead of useing alf...

it works pretty well
for now 7wins 2 smal lost
check it out if you want

my posts:
http://www.forexfactory.com/showpost...&postcount=159
http://www.forexfactory.com/showpost...&postcount=162
regards
  • #487
  • Apr 22, 2010 10:04am Apr 22, 2010 10:04am
i go long GU @ 1.5388 for 10 pips TP now....
  • #488
  • Apr 22, 2010 2:20pm Apr 22, 2010 2:20pm
Hi Lou G
Now, no problem with retracement, it's ok, I want to know what is your percentage of winning with this strategy, because I want to compare if I am right or not.
Thanks in advance.

Best regards
gopsat
  • #489
  • Edited 3:37pm Apr 22, 2010 3:25pm | Edited 3:37pm
i have read the thread and still i am confused about how to enter and exit and what the stopp and target shall be ??


also does not the orginal strategy work i mean everyone is trying to change it with different things


best regards
  • #490
  • Edited 8:03pm Apr 22, 2010 4:44pm | Edited 8:03pm
but does anyone find this interesting? ALF with 7 pd. price channel. H4, Heiken Ashi candles. We are long when price breaks upper band and HA body closes above ALF. SL is lower band,or a close below ALF. Vice versa for short.
Attached Image (click to enlarge)
Click to Enlarge Name: bb.gif Size: 27 KB
Vincit qui se vincit.
  • #491
  • Apr 22, 2010 11:43pm Apr 22, 2010 11:43pm
Long on GPB/USD
Attached Image (click to enlarge)
Click to Enlarge Name: win.jpg Size: 41 KB
  • #492
  • Apr 23, 2010 7:18am Apr 23, 2010 7:18am
Quoting jgadefelth
i have read the thread and still i am confused about how to enter and exit and what the stopp and target shall be ??


also does not the orginal strategy work i mean everyone is trying to change it with different things


best regards
Enter when PA opens above/below ALF and TVI has changed direction.

Exit when PA reconnects with ALF or TVI changes color.

Make your own profit targets if you want them.

I use 20 pip stop. You may use whatever makes you comfortable.

See chart below. One winning trade and one loser are marked.

Happy trading.
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 7 KB
Old Benjamin was right
  • #493
  • Apr 23, 2010 7:35am Apr 23, 2010 7:35am
Quoting gopsat77
Hi Lou G
Now, no problem with retracement, it's ok, I want to know what is your percentage of winning with this strategy, because I want to compare if I am right or not.
Thanks in advance.

Best regards
gopsat
First 20 trade cycle - 16 wins, 4 losses = 80%

Second cycle (in progress) - 5 wins, 3 losses = 63%
Old Benjamin was right
  • #494
  • Apr 23, 2010 7:38am Apr 23, 2010 7:38am
Support at 1.3300? News coming in - I'll wait a bit ...
Old Benjamin was right
  • #495
  • Apr 23, 2010 8:27am Apr 23, 2010 8:27am
Quoting jgadefelth
also does not the orginal strategy work i mean everyone is trying to change it with different things
Yes, the original strategy does work. However, it is the nature of some to add their own favorite indicators. I don't mind this as long as the basic method is not violated. IMHO, more is not necessarily better.
Old Benjamin was right
  • #496
  • Apr 23, 2010 8:29am Apr 23, 2010 8:29am
Hi All,

Took a trade on the Canadian Dollar again today -- short for 11 pips (it had more legs but unfortunately I scare easily).

Attached Image (click to enlarge)
Click to Enlarge Name: 6C 06-10 4_23_2010 (15 Min).jpg Size: 51 KB


Happy Trading Everyone!
  • #497
  • Apr 23, 2010 8:32am Apr 23, 2010 8:32am
Support at the red line punctured - enter at the arrow - good for +15 so far.
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 8 KB
Old Benjamin was right
  • #498
  • Apr 23, 2010 9:24am Apr 23, 2010 9:24am
Now long. Market very choppy. No more trades til' Monday.
Attached Image (click to enlarge)
Click to Enlarge Name: bb.gif Size: 25 KB
Vincit qui se vincit.
  • #499
  • Apr 23, 2010 9:41am Apr 23, 2010 9:41am
Quoting Pippopotamus
Now long. Market very choppy. No more trades til' Monday.
I agree - time to call it a week.
Old Benjamin was right
  • #500
  • Apr 23, 2010 9:44am Apr 23, 2010 9:44am
just missed by one tick, but holding. EDIT: TP reached.
Vincit qui se vincit.
0 traders viewing now