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

  • #521
  • Apr 26, 2010 2:42pm Apr 26, 2010 2:42pm
Hi,

Could anyone tell me if this was indeed a valid long trade?

Rgds
Eddie
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Apr. 26 21.39.gif Size: 53 KB
  • #522
  • Apr 26, 2010 3:33pm Apr 26, 2010 3:33pm
Hi guys,

I pips eventually closed the trades on a profit of 42 pips for eurusd and 28 pips for usdchf.

The green and red indicator is a non lagging moving average indicator that follws price closely. If u apply it on your chart, it helps you stay in the trade longer and make more pips.

Green signifies an uptrend and red colour means a downtrand. I also use it to exit my positions. It helps me stay longer in the trade even when ALF crosses PA.

You can try it and see how it works for you.

Thanks Lou.

Regards.
Attached File(s)
File Type: ex4 NonLagMA.ex4   8 KB | 456 downloads
  • #523
  • Apr 26, 2010 4:10pm Apr 26, 2010 4:10pm
Quoting teknoesen
Hi,

Could anyone tell me if this was indeed a valid long trade?

Rgds
Eddie
It's not clear exactly where you entered but it sure looks good
Old Benjamin was right
  • #524
  • Apr 26, 2010 4:15pm Apr 26, 2010 4:15pm
I just took this recent. Here is the screen shot.

The system seems productive and great.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf 1hr 1.gif Size: 49 KB
  • #525
  • Apr 26, 2010 4:28pm Apr 26, 2010 4:28pm
Hi,

The eurusd hit my TP of 30 pips. usdchf is ongoing, now at 26 pips up. Aiming at 40 pips though.

Thanks again to Lou as my confidence in this system is building up.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf in progress.gif Size: 45 KB
  • #526
  • Apr 26, 2010 4:58pm Apr 26, 2010 4:58pm
Quoting Lou G
It's not clear exactly where you entered but it sure looks good

Hi Lou,

I entered on the fith last candle from the end. The TVI had turned green and just started curving upwards. I took 27 pips.

Apart, form the time of day, is there anything you think would have kept you out of that trade?

Eddie
  • #527
  • Apr 26, 2010 9:23pm Apr 26, 2010 9:23pm
Thanks. So what is ur criteria for long and short? when the two lines crosses? and how abt ur SL and TP? thanks

Quoting pipzap
Hi guys,

I pips eventually closed the trades on a profit of 42 pips for eurusd and 28 pips for usdchf.

The green and red indicator is a non lagging moving average indicator that follws price closely. If u apply it on your chart, it helps you stay in the trade longer and make more pips.

Green signifies an uptrend and red colour means a downtrand. I also use it to exit my positions. It helps me stay longer in the trade even when ALF crosses PA.

You can try it and see how it works for you.

Thanks Lou.

Regards.
  • #528
  • Apr 26, 2010 11:11pm Apr 26, 2010 11:11pm
hi pipzap,

would u go short for GU... see my attached chart.. thanks

Quoting KPForex
Thanks. So what is ur criteria for long and short? when the two lines crosses? and how abt ur SL and TP? thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 166 KB
  • #529
  • Apr 27, 2010 12:58am Apr 27, 2010 12:58am
Morning folks,

Basically what helps me stay in the trade longer is by viewing the general trend of the market on the higher timeframe (4hrs). This helps me to make my trading decision and to even stay longer in the trade.

Entries are made whenver their is a cross between the ALF and the Nonlag MA. Stop losses are usually not more than 25pips for eurusd,usdchf. I like to have it a little bit widers for EJ, GJ cos of their volatility.

Exit are made whenever the Nonlag MA changes colour. (From green to red for upmove and vice versa.)

Thanks
  • #530
  • Apr 27, 2010 1:03am Apr 27, 2010 1:03am
Quoting KPForex
hi pipzap,

would u go short for GU... see my attached chart.. thanks
My decision either to go short or long will be based on the trend i see on the higher TF. As at the time you were saying, if the trend of GU on 4hrs is down (sometimes i check daily), then i will go short since it agrees with my ALF and MA.

I do not put TP cos i watch till my NonLagMa changes colour, then i exit my positions.

Thanks
  • #531
  • Apr 27, 2010 2:42am Apr 27, 2010 2:42am
i see.. thanks... then i make a mistake as i went short for EU an hour ago when there is a cross... so did i make the wrong choice?

btw, what pairs did u trade? thanks
  • #532
  • Apr 27, 2010 4:09am Apr 27, 2010 4:09am
I downloaded your NonLagMA indicator and placed it in the indicator folder. Unfortunately I cannot get it to appear in the custom indicators file. Any suggestions as to why it is not there.
gregb
  • #533
  • Apr 27, 2010 4:57am Apr 27, 2010 4:57am
Hi gregben,
You have to close your MT4 and reopen for the indicator to appear

Kind regards
gopsat
  • #534
  • Apr 27, 2010 5:08am Apr 27, 2010 5:08am
Quoting pipzap
My decision either to go short or long will be based on the trend i see on the higher TF. As at the time you were saying, if the trend of GU on 4hrs is down (sometimes i check daily), then i will go short since it agrees with my ALF and MA.

I do not put TP cos i watch till my NonLagMa changes colour, then i exit my positions.

Thanks
i close my EU (short) for 10 pips because i was about to go out and have no time to take a look at my chart and now when i am back, it had gone further..i got short at 1.3364 and now is 1.3313... almost 50 pips.. should have wait for it to go further.. sigh...
so u every hour take a look at the chart? and close it when e nonlagma change colour? thanks
  • #535
  • Apr 27, 2010 8:04am Apr 27, 2010 8:04am
Quoting teknoesen
Hi Lou,

I entered on the fith last candle from the end. The TVI had turned green and just started curving upwards. I took 27 pips.

Apart, form the time of day, is there anything you think would have kept you out of that trade?

Eddie
Nope - that's a good trade. Keep doing it.
Old Benjamin was right
  • #536
  • Apr 27, 2010 9:46am Apr 27, 2010 9:46am
Pretty text book entry.

The exit could be let to run more but it is late London and mid US, so I exited at fixed 20 pips.

Mark
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-04-27-0910-EurUsd.JPG Size: 36 KB
EllisEdi Moving on to my next trade ...
  • #537
  • Apr 27, 2010 9:58am Apr 27, 2010 9:58am
Quoting EllisEdi
Pretty text book entry.

The exit could be let to run more but it is late London and mid US, so I exited at fixed 20 pips.

Mark
And you got out just in time...

Well played.
Old Benjamin was right
  • #538
  • Apr 27, 2010 10:04am Apr 27, 2010 10:04am
Quoting Lou G
And you got out just in time...

Well played.

Wow, that is quite the spike. I wonder what Fed Chairman Bernanke and ECB President Trichet are saying ... ?

I usually do not pay attention to speeches or testimony events.

Mark
EllisEdi Moving on to my next trade ...
  • #539
  • Apr 27, 2010 12:11pm Apr 27, 2010 12:11pm
Hi folks,

been out since morning. Just came back now.
Just want to show you how my trading went today.

I entered 3 positions today EURUSD,USDCHF and USDCAD and all of them hit my TP of 40pips each using Lou's system. Could have made more but i had to go out. I came back to see that using the NonlagMa, i could have stayed in the trade and make not less than 100 pips on each trade.

I attached a screen shot of the trades.

I will also post loosing trades if i have one but so far, it has been great.

How have u guys found the NonLagMa? has it been of help at all?

Thanks again Lou.
Attached Image (click to enlarge)
Click to Enlarge Name: tp.gif Size: 50 KB
  • #540
  • Apr 27, 2010 2:42pm Apr 27, 2010 2:42pm
Hi Lou,

What would keep you out of taking a long at the red line. TVI has turned green. The previous bar closed above ALF. Only thing I can think of is that the PA was not moving 'away' from ALF.

Input appreciated.

Today I took two trades on EURUSD. The first trade was long and BE, could have been 20 pips if I had placed a limit. The second trade a short for a quick 20 pips.

Eddie
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Apr. 27 21.38.gif Size: 53 KB
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