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ALF/TVI - Simple, effective daytrading

  • #501
  • Apr 23, 2010 10:08am Apr 23, 2010 10:08am
Will close at 16:00 GMT. Perhaps re-enter when market re-opens for next week.
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Vincit qui se vincit.
  • #502
  • Apr 23, 2010 10:32am Apr 23, 2010 10:32am
I had to leave the house for a bit shortly before 14:00 GMT.

Look what happened while I was out
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Old Benjamin was right
  • #503
  • Edited 11:03am Apr 23, 2010 10:41am | Edited 11:03am
I did catch this for 12 pips. Along with 12 pips on short, 24 for the day using the tools in this thread. Thanks, Lou. Actually I entered late on this trade at 1.3335 rather than at 1.3328, the candle close. So should have had an additional 7 pips. Too busy typing to mind my trading!!
Vincit qui se vincit.
  • #504
  • Apr 23, 2010 10:51am Apr 23, 2010 10:51am
Quoting Pippopotamus
I did catch this for 19 pips. Along with 12 pips on short, 31 for the day using the tools in this thread. Thanks, Lou.
You're welcome - I'm glad someone got something out of this.

Murphy's Law never sleeps (or maybe it was O'Toole's Rule)...
Old Benjamin was right
  • #505
  • Apr 23, 2010 4:05pm Apr 23, 2010 4:05pm
Hi

I tried to add a few different TVI Indicators to various charts and nothing draws. I tried the templates - same problem. I love tje ALF indicator but can't get the TVI to show.

Any suggestions???
Jim (MrChips)
  • #506
  • Apr 23, 2010 4:21pm Apr 23, 2010 4:21pm
Quoting MrChips
Hi

I tried to add a few different TVI Indicators to various charts and nothing draws. I tried the templates - same problem. I love tje ALF indicator but can't get the TVI to show.

Any suggestions???
You need to download TVI.mq4 as well - the other two use that as the source of their data.
Old Benjamin was right
  • #507
  • Apr 24, 2010 2:32pm Apr 24, 2010 2:32pm
Yes...interesting...and the colors...very cool...
I'm not much for HA myself, always switching back to standard candles...but I like the idea of the Price Channel Indy you have there...seems to be based on Fractels but gives one a sense of direction...
The attached chart is setup for trading this coming week so that I can experiment with your layout along with Lou's.
I have the Price Channel set to 7 period and shift 2... This seems to help with identifying the break...
Stoch's are there 'cause old habits die hard...
Thanks for the suggestion...
Cliff

Quoting Pippopotamus
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.
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I get exercise just pushing my luck
  • #508
  • Edited 5:14pm Apr 24, 2010 3:15pm | Edited 5:14pm
actually representing H/L for 6 pds. before current bar. It is set at 7 pds., but with no shift. It looks as though entering only on signals produced at close of 8,12,and 16:00 GMT hrs. will score pips. Manual back test of 2010 suggests a positive expectancy. Would be great if someone else also checked to verify results. On M15 chart I use 10 pd price channel. The channel serves primarily as an emercency SL, and as an indication of meaningful price movement beyond a mere close above/below ALF.
Vincit qui se vincit.
  • #509
  • Edited 7:41pm Apr 24, 2010 7:13pm | Edited 7:41pm
Simply buying a break of upper band and closure of HA body above ALF with opposite band as emergency SL, and exiting position on adverse candle close. Opposite for a sell.
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Vincit qui se vincit.
  • #510
  • Edited 7:24am Apr 25, 2010 6:24am | Edited 7:24am
thanks for the answear i dont know if u already do this but it looks like the setup have a better chanse of being a winner if we only enter after the setup bar has closed and that it is a down bar a blcak bar for shorting and also that it is not toutching the indicator it is free. same but opposite for long. stop 10 pips tp 10 pips


best regards
  • #511
  • Apr 25, 2010 10:55am Apr 25, 2010 10:55am
Hi Lou G
This weekend I was thinking something not foolish, if you or somebody else could have an indicator that make an alert (message and sound) when PA touch ALF in both direction.(buy or sell) It will be very nice for stop or re-entry. What do you think of it ?
  • #512
  • Apr 25, 2010 4:15pm Apr 25, 2010 4:15pm
Quoting gopsat77
Hi Lou G
This weekend I was thinking something not foolish, if you or somebody else could have an indicator that make an alert (message and sound) when PA touch ALF in both direction.(buy or sell) It will be very nice for stop or re-entry. What do you think of it ?
I think there would be too many alerts during ranging markets. I gave this a lot of thought before deciding that the TVI was a better place for alerts.
Old Benjamin was right
  • #513
  • Apr 25, 2010 11:49pm Apr 25, 2010 11:49pm
short
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  • #514
  • Apr 26, 2010 1:29am Apr 26, 2010 1:29am
Quoting Pippopotamus
Simply buying a break of upper band and closure of HA body above ALF with opposite band as emergency SL, and exiting position on adverse candle close. Opposite for a sell.
Nice. I've been using ALF and TVI as well and it seems very reliable. On both 1HR and 4HR timeframes.
  • #515
  • Apr 26, 2010 6:02am Apr 26, 2010 6:02am
Hi guys this is a screen short of the trade i took this morning with Lo's system on my demo account. I will try it more and more and post results.
thanks
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  • #516
  • Apr 26, 2010 6:53am Apr 26, 2010 6:53am
In the,"Month of trades," example above two trades were taken without TVI 12 12 5 confirmation,the Buy at 125.01, and the sell at 124.56 for losses of 95 pips, and 35 pips respectively. I will be keeping TVI on my charts!
Vincit qui se vincit.
  • #517
  • Apr 26, 2010 7:26am Apr 26, 2010 7:26am
Quoting pipzap
Hi guys this is a screen short of the trade i took this morning with Lo's system on my demo account. I will try it more and more and post results.
thanks

Hello pipzap,
you can tell me that the green and red indicator is the price?
Thanks
  • #518
  • Apr 26, 2010 9:05am Apr 26, 2010 9:05am
Quoting agent6488
short
Good - I was wondering if anyone was trading EY.
Old Benjamin was right
  • #519
  • Apr 26, 2010 9:20am Apr 26, 2010 9:20am
Quoting Pippopotamus
In the,"Month of trades," example above two trades were taken without TVI 12 12 5 confirmation,the Buy at 125.01, and the sell at 124.56 for losses of 95 pips, and 35 pips respectively. I will be keeping TVI on my charts!
Excellent - good stuff, Pippo.
Old Benjamin was right
  • #520
  • Apr 26, 2010 11:53am Apr 26, 2010 11:53am
Quoting pipzap
Hi guys this is a screen short of the trade i took this morning with Lo's system on my demo account. I will try it more and more and post results.
thanks
hi, what is the other indicators that you are using? the one that crosses with ALF? thanks
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