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ALF/TVI - Simple, effective daytrading

  • #601
  • Apr 30, 2010 9:25am Apr 30, 2010 9:25am
Quoting EllisEdi
I did it again, entered into a risky trade.

I entered short right into a support area of 1.3305. It was also a major round number area of 1.3300. Before the trade I reasoned that price usually likes to break through major round number areas by a bit before retracing to previous levels or retesting the major round number area and continuing in the direction of the break.

This is where my screen time with this pair has paid off.

Mark
Ditto to your last few posts (especially your reply to gopsat77). I was about to post similar suggestions but you beat me to it...

Screen time and patience are the keys.
Old Benjamin was right
  • #602
  • Apr 30, 2010 9:50am Apr 30, 2010 9:50am
I took the trade as indicated for a really fast +20 pips.

I've been using a new version of TVI for the last couple of days and find it helps me stay more focused on PA. It very definitely does not repaint (it waits for the previous bar to close before the signal line appears). Use it if you like it
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 9 KB
Attached File(s)
File Type: mq4 TVI_Signals.mq4   2 KB | 788 downloads
Old Benjamin was right
  • #603
  • Edited 12:37pm Apr 30, 2010 10:16am | Edited 12:37pm
Quoting Lou G
I took the trade as indicated for a really fast +20 pips.

I've been using a new version of TVI for the last couple of days and find it helps me stay more focused on PA. It very definitely does not repaint (it waits for the previous bar to close before the signal line appears). Use it if you like it
EllisEdi thanks for your indepth "play by play analysis"
I am trading min lots live and I got in for 20 pips each EUR/USD and usd/chf . Reading passages from Trading in the Zone book recommended by LOU, helps me realize that I should never get upset leaving profits on the table and stick to my rules and look at the big picture. dont get emotional accept it for what it is. no indicator can teach you that. I will download the revised TVI LOU just displayed.
  • #604
  • Edited 10:46am Apr 30, 2010 10:24am | Edited 10:46am
hmm nice idea Lou

but here is something strange ?
thease green signals ?
http://img8.imageshack.us/img8/6276/eurj.gif
cen you explain?
regards
  • #605
  • Apr 30, 2010 12:11pm Apr 30, 2010 12:11pm
Quoting bbolss
hmm nice idea Lou

but here is something strange ?
thease green signals ?
http://img8.imageshack.us/img8/6276/eurj.gif
cen you explain?
regards
Looks like the two TVI's are using different settings.
Old Benjamin was right
  • #606
  • Apr 30, 2010 12:50pm Apr 30, 2010 12:50pm
nope their are the same look at screen
i did 4printscreens and copied it to one because mt canot open propertis for more than 1 indi at the same time...

check it if u can or mayby atach one more time versions of txi that you actuali use - mayby i downloaded some strange old version?
http://img685.imageshack.us/img685/6...3019434.th.png

btw thanx for your system i didnt belive in it till today - i drope off idea to connect it to tebs 5/12 emas system - yours is much easier and more effective
realy great job !!
  • #607
  • Apr 30, 2010 1:56pm Apr 30, 2010 1:56pm
Quoting Lou G
I took the trade as indicated for a really fast +20 pips.

I've been using a new version of TVI for the last couple of days and find it helps me stay more focused on PA. It very definitely does not repaint (it waits for the previous bar to close before the signal line appears). Use it if you like it
Hi Lou,

This new indicator looks great. I found the old tvi difficult to deal with. Sure, you should actually only look at the slope, though after trading for a while you would find that colors would change. Maybe you should not make a big deal out of that. It's not just annoying, it leaves you in doubt, especially when in doubt (which occurs about ... % of the time in trading). Without repainting there's no room left for second guessing. I have attached some indicators which I think have almost the same behavior as the tvi (in my humble opinion) and don't (maybe only a little slope smoothing) repaint.

Thanks for this wonderful system and please stay on board.

PBB
Attached File(s)
File Type: ex4 TSI-Osc.ex4   4 KB | 511 downloads
File Type: ex4 TSI_MACD.ex4   4 KB | 500 downloads
  • #608
  • Apr 30, 2010 4:22pm Apr 30, 2010 4:22pm
Quoting bbolss
nope their are the same look at screen
i did 4printscreens and copied it to one because mt canot open propertis for more than 1 indi at the same time...

check it if u can or mayby atach one more time versions of txi that you actuali use - mayby i downloaded some strange old version?
http://img685.imageshack.us/img685/6...3019434.th.png

btw thanx for your system i didnt belive in it till today - i drope off idea to connect it to tebs 5/12 emas...
Nope, I posted the version I use - don't what the problem can be. Compare to the histogram version below - all is ok. Use something else if it doesn't work for you...
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 19 KB
Old Benjamin was right
  • #609
  • Apr 30, 2010 4:43pm Apr 30, 2010 4:43pm
strange
i reinstalled mt4 and now its ok;]
i checkt so many systems on it and mayby something crashed up
now its ok;p

from pn i try to make it work using only your system;]
thanx one more time!

regards
  • #610
  • Apr 30, 2010 5:29pm Apr 30, 2010 5:29pm
You're all welcome!

I'm amazed that this thread has more than 600 posts. I do read them all but only have time to respond to selected ones - I answer all with problems and some from members who really "get it" in order to call attention to their experiences as inspiration for those who are struggling.

Most who fall into the "struggling" category simply lack trading experience and, as we all know, the only way to get that experience is by trading and learning from mistakes (and from successes).
Old Benjamin was right
  • #611
  • May 1, 2010 3:43am May 1, 2010 3:43am
yeah i known what hapend befour!
when i add the signals to let say eurousd
then save a temp.. it is saving a temp WIDHT signals from eurousd because signals are just vertical lines;p
and when i load it to other chart it loding also fake signals from eurousd ;]

we just need to load temp without this signals and then load signals to each charts one by one;]
chers !
  • #612
  • May 1, 2010 3:44am May 1, 2010 3:44am
Quoting EllisEdi
Hi all,

TVI divergence with price (Price highs going up while TVI highs going down)

Mark
thx for youre posts Ellis. can you say more to this plz? What do that event telling us?

thx as well to Lou G for share this system info with us here.
  • #613
  • May 1, 2010 6:23am May 1, 2010 6:23am
Quoting gopsat77
Hi Guys

Here is a loosing one Any comment please ?

TF is 15M
Hi,

pls always use wider SL for GU, EJ, GJ cos of their volatility.
Foe EU, ur stops can be tight.

That positon could have been won if ur SL were wider than that and if you have a confirmation of the trend on the higher TF.

Best wishes
  • #614
  • May 1, 2010 10:54am May 1, 2010 10:54am
Hi all

A great thanks to all of you for these comments, I really learn from you. If Lou G allow me , I will continue to post my chart in this thread. Thanks again.

Nice weekend to you all

best wishes
gopsat
  • #615
  • May 1, 2010 10:27pm May 1, 2010 10:27pm
Hey Lou G

Question for you or anyone else that could imput, What if the TVI does not turn down (red) or up before the PA moves below/above the ALF, would you enter when the TVI changed or only take trades when the TVI turns before or at same time PA moves past ALF? I notice most of your pic post of trades you took seems they they happen about same time.

Also could you direct me to the post where you explain your target/risk setup?

and do you trade this on more pairs than the EU and on different TF than 15?

Thanks so much
  • #616
  • May 2, 2010 12:18pm May 2, 2010 12:18pm
Quoting forextek
Hey Lou G

Question for you or anyone else that could imput, What if the TVI does not turn down (red) or up before the PA moves below/above the ALF, would you enter when the TVI changed or only take trades when the TVI turns before or at same time PA moves past ALF? I notice most of your pic post of trades you took seems they they happen about same time.

Also could you direct me to the post where you explain your target/risk setup?

and do you trade this on more pairs than the EU and on different TF than 15?

Thanks so much
Usually, TVI changes slightly before PA passes through ALF. That's the time to trade.

I use 20 pip stop so I try to get at least that much in profit but it's important to be flexible - if PA moves reverses to ALF or TVI changes directions it's time to exit.

There are lots of examples of good trades from myself and others - check them out.
Old Benjamin was right
  • #617
  • May 2, 2010 5:34pm May 2, 2010 5:34pm
Thanks LOU G,

So if the TVI Changes after the PA moves trough the ALF that may be a time to pass on it is that correct? The best trades are when the TVI changes slightly before the PA Move.. Also I assume when you said "PA passes through ALF" that means that it closes trough the ALF. IS that correct?

Thanks for you help
  • #618
  • May 2, 2010 10:39pm May 2, 2010 10:39pm
Other than going against and extream trend is this a valid long signal?
Attached Image (click to enlarge)
Click to Enlarge Name: qUESTION.jpg Size: 177 KB
  • #619
  • May 2, 2010 10:41pm May 2, 2010 10:41pm
very good EA

http://www.forexfactory.com/showthre...95#post3690595
  • #620
  • May 3, 2010 12:08am May 3, 2010 12:08am
Quoting walb99
Try this
good morning.
I would love to ask for small help.
i can see it you can write program .
there is an indcicator and it would like to be asked give buy sell alarm mark . a supplement is needed for him
greet Jan
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