ALF/TVI - Simple, effective daytrading | Page 35 | 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

  • #681
  • Edited 5:17pm May 4, 2010 1:56pm | Edited 5:17pm
What to post?? The indicators are at your fingertips here at FF. My settings/technique have all been posted already. The channels you see on my chart made by dashed lines are 6 pd. Keltners at .75, and .12, to which I sometimes refer to guage momentum over last 1 or 2 candles. Often I use .75 band as SL instead of PC. Such things are discretionary.
Vincit qui se vincit.
  • #682
  • May 4, 2010 2:58pm May 4, 2010 2:58pm
Quoting Pippopotamus
What to post?? The indicators are at your fingertips here at FF. My settings/technique have all been posted already. The channels you see on my chart made by dashed lines are 6 pd. Keltners at .75, and .12, to which I sometimes refer to guage extent of excursion vs momentum over last 1 or 2 candles. Often I use .75 band as SL instead of PC. Such things are discretionary.
yeah....no problems on all the indicators....it is just that my HA candles never look like anyone elses HA candles....in my preferences I have up candle green down candle red, bull candle green bear candle red.....I am a pretty experienced MT4 user....it is just those darn HA candles.
Anyways...if you don't want to post your template no worries...I will figure it out
  • #683
  • May 4, 2010 6:02pm May 4, 2010 6:02pm
Quoting Lou G
Entry at 1.3104, exit at 1.3055 equals +47 pips (net spread) - what's wrong with that?
Lou great system easy to use for most part. Rules are fairly simple. What I struggle with is when not to use it. I understand not to go against the trend ect, even not to take it if there was already a huge move awayfrom AFL. What about the other short signals before the one you pulled the trigger on, like the red line right before the one you shorted, and there was one before that, why not those?
  • #684
  • May 4, 2010 6:13pm May 4, 2010 6:13pm
I think it does seem to work better with 15 min TF with higher TF confrim, However I think it works well with the 4 hr aswell if you willing to have loose stops, made pips on tvi up last week, and tvi down this week both EUR and GBP took 80 pips both ways. Still small about open short on GBP from 1.5268
  • #685
  • May 5, 2010 12:35am May 5, 2010 12:35am
Quoting pipzap
hello,

i went thru the posts and i saw that people have really understood the concept of lou's system.

Just want to post my trade update today.

I opened position for eurusd and usdcad and im up by 53pips and 39pips respectively and still moving.......

Is anyone on that presently?

Planning to go live next week and as surely, i will post screen shots of my positions.

Happy trading.

hey guys,

i eventually closed my positions on eurusd and usdcad for 171pips and 149pips respectively. It's still moving but i cant take it anymore.....

Did anyone catch such massive pips too?

This system rocks!!!!!!
  • #686
  • May 5, 2010 1:13am May 5, 2010 1:13am
Quoting forextek
Lou great system easy to use for most part. Rules are fairly simple. What I struggle with is when not to use it. I understand not to go against the trend ect, even not to take it if there was already a huge move awayfrom AFL. What about the other short signals before the one you pulled the trigger on, like the red line right before the one you shorted, and there was one before that, why not those?
Agree with that. The system is great, but you can argue why some trades are taken and some not. I understand the overall trend, that was clear yesterday. However, there are also charts posted on this thread with countertrend trades. Sure, when paper trading that's no point, afterwards there is always some argument why one should or should not have taken the trade. With real live trading that's a little different. I do understand the screen time / PA feeling that Lou has, it's his system that he created and that gives him the edge. This is a great system but it uses discretion and as Lou says, that needs screen time. Maybe you can use some trendfilter, I don't know....
  • #687
  • May 5, 2010 1:21am May 5, 2010 1:21am
Morning folks,

I'm in on eurusd (buy), eurjpy(buy) and audusd (buy).

Its moving real fast......

I'll tell you how it goes...

happy trading
  • #688
  • May 5, 2010 6:12am May 5, 2010 6:12am
Hi Lou G
Look at this chart, It's nice to have pips like this every day
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M15.JPG Size: 207 KB
  • #689
  • May 5, 2010 6:17am May 5, 2010 6:17am
Hi Lou G
Look at this also, it's really nice !
But if you have any comments, it is wellcome !(if anyone know how to have imoticon ?)
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_M15.JPG Size: 216 KB
  • #690
  • Edited 8:13am May 5, 2010 6:27am | Edited 8:13am
Quoting forextek
Lou great system easy to use for most part. Rules are fairly simple. What I struggle with is when not to use it. I understand not to go against the trend ect, even not to take it if there was already a huge move awayfrom AFL. What about the other short signals before the one you pulled the trigger on, like the red line right before the one you shorted, and there was one before that, why not those?
I was sleeping then (literally). I trade from 12:00GMT (or so) until London close. Those would have been good entry points as well.
Old Benjamin was right
  • #691
  • May 5, 2010 7:42am May 5, 2010 7:42am
continues to sink like a stone.
Vincit qui se vincit.
  • #692
  • May 5, 2010 8:24am May 5, 2010 8:24am
Not to be a wet blanket but...

Many of us have profited from the EU's troubles. Trending markets are fun and easy to trade - just hop on and take profits at retracement points.

Spend a little time reviewing the techniques for trading ranging markets using this approach - that's what comes next
Old Benjamin was right
  • #693
  • Edited 11:01am May 5, 2010 8:38am | Edited 11:01am
Below find the TVI indicator I use now. The chart is simplified once again and, I think, for the better.

Candles are colored based on the direction of TVI. Those which move against TVI are not colored.

Candle colors are selectable and the width of the histogram may be changed to fit the compression of the chart.

There is an optional alert.

The current bar may change color in a jumpy market but there is no other repainting.

To install:

Put TVI.mq4 and TVI_Candles.mq4 in the yourmt4/experts/indicators folder.

Put ALF.tpl in the yourmt4/templates folder.

IMHO, no need for any other indicators, TVI or otherwise

And, of course, you will need ALF.mq4 - get it from post #1.

EDIT - had to reload TVI_Candles.mq4 - sorry for any inconvenience
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 7 KB
Attached File(s)
File Type: mq4 TVI.mq4   3 KB | 676 downloads
File Type: tpl ALF.tpl   2 KB | 564 downloads
File Type: mq4 TVI_Candles.mq4   2 KB | 682 downloads
Old Benjamin was right
  • #694
  • May 5, 2010 9:10am May 5, 2010 9:10am
Great work LOUG on the new template... hope you keep posting your trades.

Rebel.
  • #695
  • May 5, 2010 9:15am May 5, 2010 9:15am
Thanks LouG
The Road appears under the steps of walking men...
  • #696
  • May 5, 2010 9:36am May 5, 2010 9:36am
Possible retracement EU M15 - if PA moves convincingly below 1.2800, I may re-enter short.

The very brave could have taken 20 pips or so on the countertrend...
Old Benjamin was right
  • #697
  • May 5, 2010 9:57am May 5, 2010 9:57am
would you enter a trade on M15 chart so late in the London session?
Vincit qui se vincit.
  • #698
  • May 5, 2010 10:51am May 5, 2010 10:51am
Quoting Pippopotamus
would you enter a trade on M15 chart so late in the London session?
Probably not but yesterday the downtrend continued through the entire NY session.

Point is moot since volume has dropped off considerably - I'm through for the day, I guess.
Old Benjamin was right
  • #699
  • May 5, 2010 11:03am May 5, 2010 11:03am
If you downloaded it please do it again - got the source code from the wrong folder - sorry for the inconvenience. corrected version is here:

http://www.forexfactory.com/showpost...&postcount=701
Old Benjamin was right
  • #700
  • May 5, 2010 12:16pm May 5, 2010 12:16pm
Really neat, Lou. I'm sure you've noticed how well this works alongside that system II link you recommended---short at 1.2876

Thank You!
0 traders viewing now