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DTFD - Dot Trading for Dummies

  • #121
  • Mar 29, 2010 12:02pm Mar 29, 2010 12:02pm
Quoting egkid
Good day to you TT
Can't believe i go to my work and back we still in same range with e/u
Any way as i post it i enter sell with it depends on my system signal
1.3450
1.3500
Let's see what will happen from here
Good day to you, Hehe

I still do not have a sell on EU. I do however have a warning still on GJ, EJ and UJ. I do believe EU will come around soon. It has been a quiet day in terms of trading. I have started building shorts on GJ since this morning, but nothing to show. Started building shorts on EJ late today, as well. But stll very little to show. Still in the red.

Will leave GJ and EJ still open to see if I can make sense of this.

Wish you luck with your trades

Regards, and thank you for stopping by.
  • #122
  • Mar 30, 2010 2:01pm Mar 30, 2010 2:01pm
Tau, are you a mad scientist??
  • #123
  • Edited 1:33am Apr 1, 2010 1:28am | Edited 1:33am
Hi guys,

I see you're all getting along very well. Tau, well done on your system development. I observed that your dots indicator still gives a lot of "fake" and sometimes "late" signals as it attempts to re-calculate.

For my Intra-day trading, I use S/R+PA+VSA. I don't really like too many indicators on the screen (because it causes blindness) but upon inserting ONLY your dots on my charts I noticed that, coincidentally, most of my entries are almost in line with the dots. However, it usually appears after I take the trade.


Conclusion: It should only be used as a filter (as you have stated previously).

So, IMHO, I think the dot tool is pretty good & simple enough as a confirmatory indicator (to me) which adds more validity to my trade. But NOT as an entry signal. After I'm already in a trade and I see the dot, I'd be more than happy to let it ride..

Happy April Fools day and hope you don't get caught on a mad joke!

Good luck on this one...

Cheers.
  • #124
  • Apr 1, 2010 5:28am Apr 1, 2010 5:28am
Quoting wh1zz0
Hi guys,

I see you're all getting along very well. Tau, well done on your system development. I observed that your dots indicator still gives a lot of "fake" and sometimes "late" signals as it attempts to re-calculate.

For my Intra-day trading, I use S/R+PA+VSA. I don't really like too many indicators on the screen (because it causes blindness) but upon inserting ONLY your dots on my charts I noticed that, coincidentally, most of my entries are almost in line with the dots. However, it usually appears after I take the trade.


Conclusion:...
Haha! Causes blindness!! That is funny! If I had a whizz0 indicator-I'd be rich!
  • #125
  • Apr 2, 2010 6:24pm Apr 2, 2010 6:24pm
Quoting calderone
Haha! Causes blindness!! That is funny! If I had a whizz0 indicator-I'd be rich!
  • #126
  • Apr 5, 2010 7:26am Apr 5, 2010 7:26am
Anyone hear from Tau?
  • #127
  • Jun 15, 2010 10:54am Jun 15, 2010 10:54am
Good day to you,

After a time of idle, I will now continue where I left it a few weeks ago. Will still be trading dots ( indicators), but I will change the way I will be looking for opportunities - to at least give myself half a chance of trading in the correct direction.

Will still base these on finding possible turns, but more so entering on continuation of longer term trends.

I will put in the work to update everything over the coming week-end. The current information pertained here, is flawed and way too objective - albeit efforts to find a simple way to select possible turns. Will still use Triangular Moving Averages - this will form the core.

Will post template and new settings and the rules over the week-end.

Regards
  • #128
  • Edited 2:19am Jun 16, 2010 1:00am | Edited 2:19am
Quoting TauTrader
Good day to you,

After a time of idle, I will now continue where I left it a few weeks ago. Will still be trading dots ( indicators), but I will change the way I will be looking for opportunities - to at least give myself half a chance of trading in the correct direction.

Will still base these on finding possible turns, but more so entering on continuation of longer term trends.

I will put in the work to update everything over the coming week-end. The current information pertained here, is flawed and way too objective - albeit efforts to find...
hi sir
thnx for this thread u started am new here and am still trying the indis on demo but i think ua bands look great is it possible for u to share them too.but there something wrong with the dots to me they dont appear like uas i only see the number 1 dot only although i need the one that are big and not numbered like the one on cable thread chart u posted(big blue and red dots
  • #129
  • Jun 16, 2010 2:35am Jun 16, 2010 2:35am
Quoting fxrambo
hi sir
thnx for this thread u started am new here and am still trying the indis on demo but i think ua bands look great is it possible for u to share them too.but there something wrong with the dots to me they dont appear like uas i only see the number 1 dot only although i need the one that are big and not numbered like the one on cable thread chart u posted(big blue and red dots
Good day to you,

I will only be able to update this journal with the changed setting over the coming week-end. You will have to be patient until such time.

Regards
  • #130
  • Jun 16, 2010 6:21am Jun 16, 2010 6:21am
Quoting TauTrader
Good day to you,

I will only be able to update this journal with the changed setting over the coming week-end. You will have to be patient until such time.

Regards
hi
i will be waiting sir
  • #131
  • Jun 20, 2010 12:58am Jun 20, 2010 12:58am
Herewith the new template and indicators. These replace all previously posted indicators and templates. All indicators into the "indicator" folder and the Dtfd template into the "template" folder.
Attached File(s)
File Type: ex4 breath of currency_test2en.ex4   80 KB | 356 downloads
File Type: ex4 T3_clean.ex4   7 KB | 325 downloads
File Type: ex4 Taucrossfinal.ex4   5 KB | 408 downloads
File Type: ex4 TriangularMA centered.ex4   3 KB | 340 downloads
File Type: tpl dtfd.tpl   15 KB | 335 downloads
  • #132
  • Jun 20, 2010 1:09am Jun 20, 2010 1:09am
This is what the final product should look like once loaded. Click your chart on 1hr and then back to 4hr so that the SR levels appear. I will be trading off the 4hr chart as the main chart. The 4hr will be the initial decision making chart.

When you run your mouse over these lines, you should get an information window telling you the value and description of what you are looking at. The lower the timeframe, the more information is given.

My entries and exits will be done on the 30min and 15 min charts, depending on the 2 stategies I will trade.
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 17 KB
  • #133
  • Jun 20, 2010 1:53am Jun 20, 2010 1:53am
I need to again bring to your attention the fact that these dots are created to indicate possible turns. They do move as they form. They can move back 1 bar, or even 2 - should the take off be at a steap gradient. They can also be cancelled out or removed, should price continue back in the original direction.

This is therefor extremely important to wait until such time that the dot is formed completely and "settles". This may take up to 12 hours on the 4hr chart. As I normally wait for about 3 bars after the dot has formed. It also keeps me out of immediate reversals - this cutting down on false signals. So - you can already see that patience will be your friend...

Entries are taken on the 30 min chart. I mark my 4hr chart with a vertical line once I have allowed the initial dot to form - 2 to 3 bars later - see chart. Once marked, I will move to 30 min and wait for the first major dot to form IN THE SAME DIRECTION as the original 4hr dot. Again, waiting 2 to 3 bars to make sure the dot stays.

Entry will then be taken in the direction of the current trend.

100% success? NO. High probability? Yes.

I will only introduce this strategy for now. The second strategy involves the 4hr and the 15min chart, as a continuation type trade. We will look at this later on.

The key is to take your time with the formation on the 4hr. and then again take your time before entry on the 30 min.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart2.gif Size: 24 KB
Click to Enlarge Name: chart3.gif Size: 24 KB
Click to Enlarge Name: chart4.gif Size: 23 KB
  • #134
  • Jun 21, 2010 5:34am Jun 21, 2010 5:34am
Good day to you,

I have taken some trades this morning based on the second strategy. Results will be posted later.... I am not sharing this yet, as I am still testing.

I am currently waiting for signals - trading only GBP/USD, EUR/USD and USD/CHF with the method shared in earlier posts. Will update the journal as soon as signals appear -

Good trading all

Regards
  • #135
  • Jun 21, 2010 7:25am Jun 21, 2010 7:25am
Entered short EUR/USD and long USD/CHF earlier, as mentioned. Closed USD/CHF, but leaving EUR/USD open for now.

Angle of current PA suggests 1.2350 / 1.2355 on the cards. Will hold a bit longer. Will see if we get there.

Still waiting for a signal on the 4hr....just playing scalps for now.
Attached Image (click to enlarge)
Click to Enlarge Name: MWSnap038.gif Size: 14 KB
  • #136
  • Jun 21, 2010 9:11am Jun 21, 2010 9:11am
Quoting TauTrader
This is what the final product should look like once loaded. Click your chart on 1hr and then back to 4hr so that the SR levels appear. I will be trading off the 4hr chart as the main chart. The 4hr will be the initial decision making chart.

When you run your mouse over these lines, you should get an information window telling you the value and description of what you are looking at. The lower the timeframe, the more information is given.

My entries and exits will be done on the 30min and 15 min charts, depending on the 2 stategies I will trade....
wow thanx sir

now wat about the bands on ua first post on this thread
  • #137
  • Jun 21, 2010 11:06am Jun 21, 2010 11:06am
Good day to you,

No confirmed signals received today, on the 3 pairs I trade with this. Hope to see some action tomorrow. Did scalping on various pairs today. 8 from 8, although some short term, low pip scalps.

All adds up in the end. +330 pippies for the day.

Will see what tomorrow brings...

Wish you all success!
Attached Image (click to enlarge)
Click to Enlarge Name: MWSnap044.gif Size: 22 KB
  • #138
  • Jun 21, 2010 11:08am Jun 21, 2010 11:08am
Quoting fxrambo
wow thanx sir

now wat about the bands on ua first post on this thread
Good day to you,

That I can not share. Unfortunately...

Regards
  • #139
  • Jun 21, 2010 11:54am Jun 21, 2010 11:54am
I have marked the new short signal on the 4hr - I will now wait a while to see if this stays in place... I also added a screenshot of the 30min. On the 30 min, I will wait for a blue long signal first - then when a new red ( short) signal forms, and the 4hr red is still in place, I will start looking for an entry...

I will not chase PA right now...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart5.gif Size: 15 KB
Click to Enlarge Name: chart6.gif Size: 17 KB
  • #140
  • Jun 21, 2010 5:16pm Jun 21, 2010 5:16pm
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