ALF revisited - simple, effective daytrading | Page 34 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

1min scalping using mtf ALF by bbolss 685 replies

How difficult is it to find an effective daytrading method? 156 replies

ALF/TVI - Simple, effective daytrading 1,114 replies

BOWALF - Breakout with ALF Filter 142 replies

Alf Alert problem 2 replies

Attachments: ALF revisited - simple, effective daytrading
Exit Attachments

ALF revisited - simple, effective daytrading

  • #661
  • Jun 15, 2010 2:47am Jun 15, 2010 2:47am
Hi All,
thought I should post these after the lack of trading talk yesterday!..lol
And these happen to be nice trades mostly!!!!!
Total of +87 pips on 5 trades, little skitish but worked out in the end..

Thank once again Lou..
Attached Image (click to enlarge)
Click to Enlarge Name: gy screenshot 06142010.gif Size: 29 KB
  • #662
  • Jun 15, 2010 4:48am Jun 15, 2010 4:48am
Quoting dirty
Hi All,
thought I should post these after the lack of trading talk yesterday!..lol
And these happen to be nice trades mostly!!!!!
Total of +87 pips on 5 trades, little skitish but worked out in the end..

Thank once again Lou..
Hi Dirty,
Nice to see someone trading on GBP/JPY
Could you please explain where did you close the loosing trades?
- when the bar opened in the other side of the ALF?
- a few pips away from the ALF?

I am having a difficult time to close the loosing ones.
  • #663
  • Jun 15, 2010 5:51am Jun 15, 2010 5:51am
I like to trade GY too, but a bit too volatile, I believe.

Anyway, just logged in and "missed" the BUY.

It is a valid entry I think (orange arrow).


QUESTION:

During the entry, the ALF line is downward bias, right? So is the entry valid? Or do we have to wait for a few more candles?

I was thinking the 3rd candle after the orange arrow?
Attached Image (click to enlarge)
Click to Enlarge Name: forex.jpg Size: 46 KB
  • #664
  • Jun 15, 2010 6:17am Jun 15, 2010 6:17am
My apologies if I have missed the answer to this:

What is the level of repaint on ALF_alert? I just saw it repaint not the current bar, but the penultimate bar. Is that as far back as the repaint goes?
  • #665
  • Jun 15, 2010 6:32am Jun 15, 2010 6:32am
Quoting iamnoel
I like to trade GY too, but a bit too volatile, I believe.

Anyway, just logged in and "missed" the BUY.

It is a valid entry I think (orange arrow).


QUESTION:

During the entry, the ALF line is downward bias, right? So is the entry valid? Or do we have to wait for a few more candles?

I was thinking the 3rd candle after the orange arrow?
Yes, wait for the color change.
Old Benjamin was right
  • #666
  • Jun 15, 2010 6:45am Jun 15, 2010 6:45am
Looking at EU H1 - if this current long does not hold, trend could be down or ranging for NY open.
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 13 KB
Old Benjamin was right
  • #667
  • Jun 15, 2010 6:47am Jun 15, 2010 6:47am
Quoting bruunoalves
Remember the correlations, and dont trade live unless you know what you are doing

Best regards

EURUSD X USDJPY = EURJPY

122.20 x 91.50 = 11181,3
I thank you all for your valuable advise and assistance.

Thanks once again.
Make money Not pips
  • #668
  • Jun 15, 2010 6:47am Jun 15, 2010 6:47am
Quoting newbie2
My apologies if I have missed the answer to this:

What is the level of repaint on ALF_alert? I just saw it repaint not the current bar, but the penultimate bar. Is that as far back as the repaint goes?
can anyone answer this?
  • #669
  • Jun 15, 2010 6:47am Jun 15, 2010 6:47am
And, on M15...

Resistance tried and rejected for over an hour.
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 11 KB
Old Benjamin was right
  • #670
  • Jun 15, 2010 7:05am Jun 15, 2010 7:05am
Quoting Lou G
And, on M15...

Resistance tried and rejected for over an hour.
Going down Lou...
Just hit 30 pips from EJ and 10 pips from EU.
  • #671
  • Jun 15, 2010 7:11am Jun 15, 2010 7:11am
Looks that way - Greek bonds relegated to junk status yesterday...
Old Benjamin was right
  • #672
  • Jun 15, 2010 7:14am Jun 15, 2010 7:14am
[quote=paradoxical;3801577]

If you have a 15 minute chart, depending on what size chart you use, that chart has roughly 16 hours of time on it. Make it smaller, and you have even more hours. Looking all the way to the left and glancing at the right, one can see if the pair is going up, or down....DUH! That gives you almost a whole day of trades to see what the buyers and sellers have been doing.

Going up from right to left, a buy is better. Flat from right to left, look for another pair. Going down from right to left, look to sell.

quote]

Very good paradoxical!!
This advice is worth taking note of.
Trade in the direction of the trend.....it will increase your percentages of wins!!

PGPB
  • #673
  • Jun 15, 2010 7:32am Jun 15, 2010 7:32am
EU indecision continues - news at 13:00 GMT - still waiting...
Old Benjamin was right
  • #674
  • Jun 15, 2010 7:38am Jun 15, 2010 7:38am
Quoting qwertymyfx
can anyone answer this?

I'll take a stab at it and say no repaint. It's pretty much either on or off based upon the open of the candle on the other side of the alf.

MM
  • #675
  • Jun 15, 2010 7:50am Jun 15, 2010 7:50am
Quoting MoneyMaker
I'll take a stab at it and say no repaint. It's pretty much either on or off based upon the open of the candle on the other side of the alf.

MM
Yes, based on previous close above/below ALF so it's running off a closed bar rather than current bar.
Old Benjamin was right
  • #676
  • Jun 15, 2010 7:51am Jun 15, 2010 7:51am
Second test of resistance at 1.2275 rejected - news in 10 minutes
Old Benjamin was right
  • #677
  • Jun 15, 2010 7:56am Jun 15, 2010 7:56am
Looks like the projected numbers are not going to be good for USD?!?

Doesn't like to trade news ... am out in the sidelines, as the setup is no trade too!
  • #678
  • Jun 15, 2010 7:58am Jun 15, 2010 7:58am
Quoting Lou G
EU indecision continues - news at 13:00 GMT - still waiting...
Damn.. I was lucky to hit south when black candle touch alf on M5. Closed for 95 pips (5 digits) before PA pulling back north above alf.

Will buy only above 1.22800 (?). Otherwise looking for good entry for South all the way .
  • #679
  • Jun 15, 2010 8:12am Jun 15, 2010 8:12am
Quoting bruunoalves
Remember the correlations, and dont trade live unless you know what you are doing

Best regards

EURUSD X USDJPY = EURJPY

122.20 x 91.50 = 11181,3
hey bruno...that correlation calc is new to me. one question...which is the lagging pair?

thanks
jacob
  • #680
  • Jun 15, 2010 8:17am Jun 15, 2010 8:17am
Quoting pip pirate 2
I do not want to cause trouble as I like this method a lot. I would like to hear from Lou on someone (me) opening a skype room. I will only do it with the group blessing, just to call out trades and leave the coaching here where it belongs.
In case you do, count me in: FreddyFX2
0 traders viewing now