ALF/TVI - Simple, effective daytrading

You're welcome. As you've observed, the retracement pattern is common to all trading methods.

Urantian can you post this link again, I must have missed it along the way

Thanks

[qute=Urantian;3699619]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![/quote]

Ok so I am getting it then thank Lou

Hi I would like to try your system. I use firefox to download but TVI candles won't show on charts. only get black and white. Please let me know how to fix.
Regards

http://www.forexfactory.com/showthread.php?t=80290

thanx Lou ! the idea with candles is fantastic !

Hi Lou G
Thanks for sharing these new indicators, really you are great !

Hi, I am a newcomer to Forex trading and I am not sure whether I am reading this thread correctly. Seems like the entry requirements have changed gradually since the first post.

I entered into a losing trade at 0000 GMT today. My basic understanding (well, apparently misguided understanding) is that as the PA breaks on ALF on the up, we should take a look at the TVI line. In this case, I went long on GBP/USD at 0000 GMT. Well, nastiness ensued. Manually exited at -40 pips.

Would be grateful if some experienced old hands here could let me know what I did wrong in the picture attached here. I am pretty sure I completely misunderstand the rules somewhere.

(a) Do you only trade when ALF and TVI are pointing in the same direction e.g. up or down? I understand that someone mentioned that the best trade is when ALF is flat and TVI is at a good slope?

(b) Do we need a full bar to settle below/above the ALF for a valid entry to take place?

If someone could let me know whether I need more filtering indicators here to make this system more robust, I would appreciate it.

Hi Lou,
I am following this thread since the first post. Your system allows to make some profitable trades even a newbie like me. Your last template is awesome! Trading was never as easy. Thanks a lot.

is hard to read. Can you repost with an active chart? Please indicate where you entered/exited trade. It will be easier to help you. Using Lou's latest TVI Candles with template, signals are very clear.

Be sure you have followed the instructions in post #701 - check that indicators and template are where they should be:

Look in Navigator and verify that AdaptiveLaguerreFilter, TVI, and TVI_Candles are shown there.

Click the Templates icon (far right on toolbar) - is ALF there?

if no joy, post a chart so we can see what you are seeing...

I suggest you trade EU on M15 with no more than a microlot until you get your sea legs. This method is simple but needs some experience to trade well.

Direction of ALF is not a factor - direction of PA (price action) is.

TVI is the primary indicator and gives direction - ALF filters that direction telling when to trade.

An open above/below ALF is generally a good sign.

Be aware of the overall trend and trade with it until you gain experience.

Avoid news times like the plague

just before news release. Be careful - more news coming up...

Hi Lou G

I took it !! EU
Thank again for these indicators.http://content.sweetim.com/sim/cpie/...s/0002006E.gif

best regards
Gopsat





http://content.sweetim.com/tbsig/sig.asp?img=ad1

Good - now don't forget the "be careful" part.

As Pippo has already pointed out, the rest of this week is problematic due to news releases and general mayhem for the Euro...

Two good trades so far today - news in 5 minutes

http://img59.imageshack.us/img59/9827/adsq.gif

i head "this feeling " ;d

Lou why you did not take long at 7 00?

A few have asked why I do not take every trade - good question. I take those I "feel" will be successful. I am often wrong, but I persevere.

The chart shows results for today so far taking every short trade and associated exit "by the book".

I tried to quote your last post but something strange about the way you are posting charts - could not get rid of the chart...

Anyway, the answer to your question is that I prefer not to take trades against the trend, especially on a busy news day.

To post chart:

File - Save As Picture - Active Chart (as is) - OK

then provide a name for the gif and put it where you can find it and upload that gif.

There may be strong support at 1.2700 - just a thought.