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ALF revisited - simple, effective daytrading

  • #161
  • Jun 2, 2010 3:28pm Jun 2, 2010 3:28pm
Quoting bpips
thank cliff, think i will stay with eu for now heck 20-40 pips a day is good enough for me.

What is the CMO indicator not familiar with that one?
is chande's momentum oscillator. see also: http://www.cmsfx.com/en/trading-soft...ndicators/cmo/

Attached File(s)
File Type: txt CMO.mq4.txt   6 KB | 817 downloads


somehow my mac always renames them to .txt so you have to rename it back to .mq4
  • #162
  • Jun 2, 2010 3:32pm Jun 2, 2010 3:32pm
Quoting ido370
is chande's momentum oscillator. see also: http://www.cmsfx.com/en/trading-soft...ndicators/cmo/

Attachment

somehow my mac always renames them to .txt so you have to rename it back to .mq4
thanks i will take a look while its slow time
  • #163
  • Jun 2, 2010 3:37pm Jun 2, 2010 3:37pm
looks like this on my screen:

Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2010-06-02 om 22.36.18.png Size: 35 KB
  • #164
  • Jun 2, 2010 3:41pm Jun 2, 2010 3:41pm
Quoting k2kv
Thanks Lou,

Very nicely done, and looks like something we can all understand!

I would love to see more detail on exit strategy (my typical nemesis).

Thanks again for putting in so much time.

Happy pipping...
See post #117.
Old Benjamin was right
  • #165
  • Jun 2, 2010 3:43pm Jun 2, 2010 3:43pm
Quoting teknoesen
HI Lou,

Took this short, however, ALF was still pointing upwards. (which I only realized after entering)

Will you regard this as a valid trade?

Rgds
Eddie
Yes. Slope of ALF is not a factor in this case.
Old Benjamin was right
  • #166
  • Jun 2, 2010 4:03pm Jun 2, 2010 4:03pm
Quoting f4mnect
nice 689 pip spike on fxdd
Old Benjamin was right
  • #167
  • Jun 2, 2010 5:15pm Jun 2, 2010 5:15pm
As promised, I've added sections to Post #1 on the topics Entries, Exits and Stops.

They're short but to the point (this is, after all, a simple method) and I will add to them as appropriate.
Old Benjamin was right
  • #168
  • Jun 2, 2010 5:56pm Jun 2, 2010 5:56pm
Hello again. I have noticed LouG mentions candle patterns. Is there a certain pattern to look for and do the patterns include the candle colors using the black and white?

thanks again
  • #169
  • Jun 2, 2010 6:16pm Jun 2, 2010 6:16pm
And i thought i was the only trader on the planet with a mac!

Quoting ido370
is chande's momentum oscillator. see also: http://www.cmsfx.com/en/trading-soft...ndicators/cmo/

Attachment

somehow my mac always renames them to .txt so you have to rename it back to .mq4
Lou, i'm gradually becoming far more adept at reading the charts and familiarizing myself with patterns. Thanks for the tips, system and advice!

very much appreciated!
20-40 pips with good MM is all i need a day, and your guides have made this quite attainable.
Cheers Mate!
  • #170
  • Jun 2, 2010 6:23pm Jun 2, 2010 6:23pm
should be a valid setup right?
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2010-06-03 om 01.22.46.png Size: 38 KB


i mean the last short ofcourse
  • #171
  • Jun 2, 2010 6:48pm Jun 2, 2010 6:48pm
Quoting ido370
should be a valid setup right?
Attachment

i mean the last short ofcourse
That looks good to me. I prefer the m5 myself but this is my first day.
  • #172
  • Jun 2, 2010 7:18pm Jun 2, 2010 7:18pm
Asia looked good. I was doing other stuff and missed initial long entry by 8 pips and entered late so i set take profit at +10 and still left pips on the table...
Attached Image (click to enlarge)
Click to Enlarge Name: asia long.gif Size: 11 KB
  • #173
  • Jun 2, 2010 8:08pm Jun 2, 2010 8:08pm
Im 10 piping eu to death here...I think I like this method...
Attached Image (click to enlarge)
Click to Enlarge Name: asia long.gif Size: 8 KB
  • #174
  • Jun 2, 2010 8:09pm Jun 2, 2010 8:09pm
does this work on other pairs besides eur/usd?
  • #175
  • Jun 2, 2010 9:02pm Jun 2, 2010 9:02pm
Lou.
I have been trading with the old setup and just came accross to the new forum, from where I have downloaded the new indicators and template.
My problem is that I cannot get the new Alf and new Alf Candles to show in the custom indicators list after placing the files into the indicators file. The new template shows in the template folder but when put on a chart only shows the grey and white candles.
I am experienced in MT4 applications, so all steps were correctly taken. I have tried to put on 3 separate broker platforms, all with the same result. Any idea what is causing this problem?

Many thanks for continuing and improving your excellent forum and system.

gregben
  • #176
  • Jun 2, 2010 11:22pm Jun 2, 2010 11:22pm
newbie question: what is "PA" in the chart? thanks.
  • #177
  • Jun 3, 2010 12:52am Jun 3, 2010 12:52am
PA=price action
  • #178
  • Jun 3, 2010 1:03am Jun 3, 2010 1:03am
Quoting rootkit
newbie question: what is "PA" in the chart? thanks.
price action
  • #179
  • Jun 3, 2010 6:18am Jun 3, 2010 6:18am
Quoting gregben
Lou.
I have been trading with the old setup and just came accross to the new forum, from where I have downloaded the new indicators and template.
My problem is that I cannot get the new Alf and new Alf Candles to show in the custom indicators list after placing the files into the indicators file. The new template shows in the template folder but when put on a chart only shows the grey and white candles.
I am experienced in MT4 applications, so all steps were correctly taken. I have tried to put on 3 separate broker platforms, all with the same...
Close the platform and restart it. They shouid show if you have saved in the correct folder i.e. mt4/experts/indicators.
  • #180
  • Jun 3, 2010 8:36am Jun 3, 2010 8:36am
I spent the last 15 minutes trying different TF's to see what looks the most tradeworthy. Guess I'll stick with M15 for now.

As everyone knows, tomorrow is NFP day (my least favorite trading day). I probably won't place many trades today or tomorrow but will be hanging around to answer questions...
Old Benjamin was right
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