ALF/TVI - Simple, effective daytrading | Page 48 | 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

  • #941
  • May 18, 2010 6:51am May 18, 2010 6:51am
Quoting jgadefelth
have marked 2 trades with arrows would this trade be entered acording to the system they look like loosers just trying to see if i get it.


best regards
Well, you have marked two losers on the chart but you have not marked the winners, of which there are at least two and probably more. In addition, the wins appear to have gained quite a few pips which would more than offset the losses (which is how trading works).

Try marking all possible trades, wins and losses, the add up the pips.
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 15 KB
Old Benjamin was right
  • #942
  • May 18, 2010 6:58am May 18, 2010 6:58am
lou please dont get upset on me i dont do this to mess with u am just trying to learn it i will try to mark the winners also see if i get them right also


best regards
  • #943
  • May 18, 2010 7:04am May 18, 2010 7:04am
i have marked the pic with thumbs up or down acording to if itīs long or short what i thougt would be winners ?? and one cross that is still in trade i dont know how this turns out please correct me if im whrong.

best regards
Attached Image (click to enlarge)
Click to Enlarge Name: picdcdcd4.jpg Size: 150 KB
  • #944
  • May 18, 2010 7:20am May 18, 2010 7:20am
Quoting jgadefelth
i have marked the pic with thumbs up or down acording to if itīs long or short what i thougt would be winners ?? and one cross that is still in trade i dont know how this turns out please correct me if im whrong.

best regards
I don't think you're messing with me - I'm trying to help you.

First question for you to answer (for yourself) - what is the trend?

Up, I think. Note that ALF is higher now than at the left edge of the chart so eliminate all short trades.

That leaves 2 wins with good profits, 1 loss and one trade still unclear.

Recall that I have suggested trading only when London session is in progress (if possible where you live). That will weed out another loss and leave you with a profitable scenario.
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 11 KB
Old Benjamin was right
  • #945
  • May 18, 2010 7:27am May 18, 2010 7:27am
Conversely, if you are only able to trade Asian hours there is no trade in the trend direction but there is a counter-trend trade (marked).

This method will generally produce 1-3 good setups per trading session - sometimes none at all. We can only take what the market gives us...
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 11 KB
Old Benjamin was right
  • #946
  • May 18, 2010 7:33am May 18, 2010 7:33am
I don't like the look of this (right now, at least). Market seems reluctant to rise much above 1.2400.

Wait for a clearer picture...
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 11 KB
Old Benjamin was right
  • #947
  • May 18, 2010 7:40am May 18, 2010 7:40am
thanks lou im sorry but can u point out the london trades again london si from ?? im from europe so london and usa session are best london starts at 8 gmt i think that is 09 for me but i cant find so many winners in this persiod that are london one is to late 19.00 and the other is before london open if u mean the green trend trades do u understand wich i mean ??


best regards
  • #948
  • May 18, 2010 7:56am May 18, 2010 7:56am
Thanks Lou for everything.

I am looking at divergence. May be we will get a short trade soon.
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: tvi_div.jpg Size: 60 KB
Make money Not pips
  • #949
  • May 18, 2010 8:00am May 18, 2010 8:00am
Quoting jgadefelth
thanks lou im sorry but can u point out the london trades again london si from ?? im from europe so london and usa session are best london starts at 8 gmt i think that is 09 for me but i cant find so many winners in this persiod that are london one is to late 19.00 and the other is before london open if u mean the green trend trades do u understand wich i mean ??


best regards
London market opens at 08:00 GMT, closes at 16:00 GMT.

12:00 - 16:00 GMT - NY is open, overlapping the afternoon of the London session. This is when I trade.

There was a nice up move during London today (but before I was awake). I'm sure you can spot it on the chart.

Euro appears to be stalled right now, crossing back and forth through ALF with resistance a little above 1.2400. Although the overall trend seems to be up (after a trip down to a 4-year low) I am reluctant to trade unless I see a strong push above resistance or a convincing counter-trend move.
Old Benjamin was right
  • #950
  • May 18, 2010 8:01am May 18, 2010 8:01am
Price Channel break, 1.2413. Consolidating markets test our mettle.
Attached Image (click to enlarge)
Click to Enlarge Name: bb.gif Size: 20 KB
Vincit qui se vincit.
  • #951
  • May 18, 2010 8:11am May 18, 2010 8:11am
yes i have marked it with an red line it is close to the red line i thougt this was to earlie to be london also what are the other london winners ?

best regards
Attached Image (click to enlarge)
Click to Enlarge Name: toearlie.jpg Size: 149 KB
  • #952
  • May 18, 2010 8:16am May 18, 2010 8:16am
Quoting jgadefelth
yes i have marked it with an red line it is close to the red line i thougt this was to earlie to be london also what are the other london winners ?

best regards
Too early for London - trade is marked but too early for me. Either at the arrow or 3 bars previously when candle went green.

There are no other London wins (remember, 1-3 trades per day, maybe none some days). How many trades per day are you expecting?
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 11 KB
Old Benjamin was right
  • #953
  • May 18, 2010 8:28am May 18, 2010 8:28am
i missunderstand me and my intensions it seems i just try to learn and therefore i wanna know kow many trades and if i am right in what i thought are trades and are winners and loosers.


your stop is 20 pips and your target is when price touth the line ?

you dont have other targets and u dont move it to break even after some pips ?

best regards
  • #954
  • May 18, 2010 8:34am May 18, 2010 8:34am
Long now - let's see what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 9 KB
Old Benjamin was right
  • #955
  • May 18, 2010 8:35am May 18, 2010 8:35am
post #908 explains Lou's method clearly.
Vincit qui se vincit.
  • #956
  • May 18, 2010 8:42am May 18, 2010 8:42am
Stopped out - oh gee, I was wrooonnngg!

This is why I don't usually post losing trades - nothing to be learned.
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 9 KB
Old Benjamin was right
  • #957
  • May 18, 2010 8:47am May 18, 2010 8:47am
Quoting jgadefelth
i missunderstand me and my intensions it seems i just try to learn and therefore i wanna know kow many trades and if i am right in what i thought are trades and are winners and loosers.


your stop is 20 pips and your target is when price touth the line ?

you dont have other targets and u dont move it to break even after some pips ?

best regards
There are no targets - I watch the trade and, if in profit, I exit when and if PA turns against me - don't know any other way to explain it.

I sense you are looking for 100% mechanical method that will ensure profits - this ain't it. If you find such a method, let me know...
Old Benjamin was right
  • #958
  • May 18, 2010 8:48am May 18, 2010 8:48am
Quoting Lou G
Stopped out - oh gee, I was wrooonnngg!

This is why I don't usually post losing trades - nothing to be learned.
Lou sorry about the loss, but it DOES teach me humility and respect for the markets and the virtue of patience. Again, sorry it was at the expense of your account. No doubt, very temporary
  • #959
  • May 18, 2010 8:52am May 18, 2010 8:52am
no nothing like that im just try to learn this method thats all


best regards
  • #960
  • May 18, 2010 8:54am May 18, 2010 8:54am
Quoting Lou G
Stopped out - oh gee, I was wrooonnngg!

This is why I don't usually post losing trades - nothing to be learned.
Got my a** kicked yesterday stubbornly waiting for a trade to turn around. At least you had the good sense to let it go earlier than I did!
2 traders viewing now