Attachments: ALF revisited - simple, effective daytrading

ALF revisited - simple, effective daytrading

#961
Jun 23, 2010 12:40pm Jun 23, 2010 12:40pm

NiceGuy
Joined Apr 2010 | Status: Trader | 971 Posts

Quoting pgpb

Disliked

Hi Niceguy

I have enjoyed your recent posts....keep them coming!
Can you share the EA you use for putting on a SL....sounds like a handy thing to have

PGPB

Ignored

Thanks.. Glad if I can contribute something to this thread.

I am using THV Cave Manager EA and THV Pivots. It's part of the latest THV system. I believe you can find it easily in Trading System folder. I put the EA, daily pivot and basic RSI 6 indicator (from MT4 default) in the same EU M5 in other chart beside the Alf chart. Yes... I am a cheater beacuse I use another indi... But hey they are just tools.

I want the alf chart to be clean so I can concentrate on placing my trade. This alf baby is pretty powerful for entry and exit.

Here's another trade I took last night. Banked me 20 pips with this one. Should gave me more if I stay awake, but I was so sleepy.. So I use a fixed TP.

This is not good example actually, because my entry was based on:
1. Quality time I spent with EU
2. the way the price move in couple hours before which was Strong SELL
3. simply a signal from my brain.

I enter quick to keep relatively low SL with 0.1 mini lots only. I was prepared to lose this one. But I didn't.... it worked out nicely as my theory says....

My Ace on this trade is... Price hits Today's Open Level.

Actually I think it was not an ACE, maybe it was a king or queen trade

... No big lots for this one... (which I ended up regret it..

)

Attached Image (click to enlarge)

Click to Enlarge

Name: Alf_EU_8.jpg
Size: 96 KB

#962
Jun 23, 2010 2:17pm Jun 23, 2010 2:17pm

losingtrades
| Joined Jun 2010 | Status: Trader | 246 Posts

Quoting NiceGuy

Disliked

Thanks.. Glad if I can contribute something to this thread.

I am using THV Cave Manager EA and THV Pivots. It's part of the latest THV system. I believe you can find it easily in Trading System folder. I put the EA, daily pivot and basic RSI 6 indicator (from MT4 default) in the same EU M5 in other chart beside the Alf chart. Yes... I am a cheater beacuse I use another indi... But hey they are just tools.

I want the alf chart to be clean so I can concentrate on placing my trade. This alf baby is pretty powerful for entry and exit.

Here's...

Ignored

Man...this is awesome stuff. If you keep posting examples like this, and i can actually learn from it, I might need to change my name to winningtrades.

If you wouldn't mind, please keep posting.

BR/Jacob

#963
Jun 23, 2010 2:52pm Jun 23, 2010 2:52pm

pgpb
Joined Dec 2007 | Status: Trader | 719 Posts

Quoting NiceGuy

Disliked

Thanks.. Glad if I can contribute something to this thread.

I am using THV Cave Manager EA ]

Ignored

OK....thanks.....got the EA, I like being able to throw on a trade and have the stop loss and take profit automatically pop on.

I use pivots also....not the THV ones though

Attached is an indicator I am rather fond of.
pop it on to your charts....it is pretty self explanatory...it is kind of like RSI but with a signal line (sell when the dark line goes below 50 **AND the signal line is above the dark line...and vice versa for buys)

Attached File(s)

QQE ADV.ex4 4 KB | 572 downloads

#964
Jun 23, 2010 3:01pm Jun 23, 2010 3:01pm

paradoxical
| Joined Nov 2007 | Status: Trader | 1,186 Posts

My wife is somewhat of an expert on spiritual and mental things. I have done a fair amount of study into that sort of thing myself. She is a practioner of visioning and Science of Mind. You are what you think you are right now. Not in the future. You don't stay with an old script until you become better. You envision yourself as a success right now, in the present. Not tomorrow when you learn that last piece of information, because "tomorrow" will never come. Even if you are 350 pounds and know you need to lose weight, you call yourself skinny and healthy because when you do that, your mind works on that and everything you do is concentrated on that success. The same thing applies to trading. If you THINK you're lousy, you are, because that's what your subconscious tells you. If you THINK you are great, you will become that. You may not make 100% winners today just by changing a name. But, in due time, you will see and picture yourself as a great trader and you will become one. Your own mind will lead you to the information, steps and confidence neededto be a success. The same holds true in reverse. The longer you picture yourself as a losing trader, even if it's just using a name lkike that, the longer you will be one. Call it a mind trick if you want. You are what you think you are. If a mind trick works, and it's been proiven over and over, why not use it. Just my little piece of non trading advice.

Quoting losingtrades

Disliked

Man...this is awesome stuff. If you keep posting examples like this, and i can actually learn from it, I might need to change my name to winningtrades.

If you wouldn't mind, please keep posting.

BR/Jacob

Ignored

#965
Jun 23, 2010 3:11pm Jun 23, 2010 3:11pm

losingtrades
| Joined Jun 2010 | Status: Trader | 246 Posts

Quoting paradoxical

Disliked

My wife is somewhat of an expert on spiritual and mental things. I have done a fair amount of study into that sort of thing myself. She is a practioner of visioning and Science of Mind. You are what you think you are right now. Not in the future. You don't stay with an old script until you become better. You envision yourself as a success right now, in the present. Not tomorrow when you learn that last piece of information, because "tomorrow" will never come. Even if you are 350 pounds and know you need to lose weight, you call yourself skinny...

Ignored

This is great advice...really...I don't mind stuff like this at all. I am very much a beginner trader trying to earn enough per day to quit my lousy stinking job.

I looked at my profile details and I can't see where I can change my name. I may have to start over with a new account...but then no one will know me anymore (hehe as if they really do).

If I change my name, I might have to make an announcement on all my favorite threads

Your advice is well taken...thanks

Jacob

#966
Jun 23, 2010 3:49pm Jun 23, 2010 3:49pm

desi
| Joined Aug 2008 | Status: Trader | 161 Posts

Quoting pgpb

Disliked

OK....thanks.....got the EA, I like being able to throw on a trade and have the stop loss and take profit automatically pop on.

I use pivots also....not the THV ones though

Attached is an indicator I am rather fond of.
pop it on to your charts....it is pretty self explanatory...it is kind of like RSI but with a signal line (sell when the dark line goes below 50 **AND the signal line is above the dark line...and vice versa for buys)

Ignored

Can you tell something more about the indicator and how you use it?
I mean what TP and SL and any other finer points. Thanks.

#967
Jun 23, 2010 4:13pm Jun 23, 2010 4:13pm

behman8850
| Joined Feb 2009 | Status: Trader | 786 Posts

Quoting pgpb

Disliked

OK....thanks.....got the EA, I like being able to throw on a trade and have the stop loss and take profit automatically pop on.

I use pivots also....not the THV ones though

Attached is an indicator I am rather fond of.
pop it on to your charts....it is pretty self explanatory...it is kind of like RSI but with a signal line (sell when the dark line goes below 50 **AND the signal line is above the dark line...and vice versa for buys)

Ignored

hello Mr. pgpb, i downloaded your qqe indicator in experts indicators file of my meta4 but its not appearing on my platform! What should be the reason?
Thanks,
Bomi

#968
Edited 10:25pm Jun 23, 2010 8:33pm | Edited 10:25pm

NiceGuy
Joined Apr 2010 | Status: Trader | 971 Posts

Quoting paradoxical

Disliked

If you THINK you're lousy, you are, because that's what your subconscious tells you. If you THINK you are great, you will become that. You may not make 100% winners today just by changing a name. But, in due time, you will see and picture yourself as a great trader and you will become one. Your own mind will lead you to the information, steps and confidence neededto be a success. The same holds true in reverse. The longer you picture yourself as a losing trader, even if it's just using a name lkike that, the longer you will be one. Call it...

Ignored

This is the system I use. Thanks to Paradoxical who make the time to explain it.

Guys... Please dont start to talk how to use one indicator or another. You just chasing on the wrong direction there.

To be honest with you, and not to try to being arrogant or over confident. I trully can enter those trade without using any other indicator besides daily pivots.

Here's what I did in the past:

Keep running the MT4 charts with daily pivots on your screen with one pair and one pair only. So whenever you near your computer there's no way you will not see the charts. At this time, dont ever put on a trades. Not even one.

If you have spare time, try to spend quality time by watching the charts. Just train your brain with the way the price move between levels. The Pivots, Open price, Support and Resistance. Learn how it bounce and pass pivots. Just keep on watching the charts to train your brain with the price movement pattern.

After you do it for a week or a month, then make a 10 wild prediction whenever a price moving close to a nearest levels. Say it so your brain can hear it...

It is something like "The price will pass this level easily.." or "There's no way the price will pass the levels" or " "Hey.. You will bounce this time..." . Have fun with the prediction. Let your brain hear your decision.

Write down your prediction. After 10 prediction, then see how good you are. Do it again and again. Until you become good at it. And you know what... you will. At that point just do trade with it. Let you brain say it to you.

That's why I use random entry and exit but still win. Please study my recent chart. And if you have spare time, please look my earlier post in this thread. I am kind of actually telling everybody when to enter a winning trades before it happened. I did it over and over again. Please look. Not because I have a 6th sense or use special indicator. It's simply because my brain trained to do so.

Like learning to ride a bike or to swim. Once your brain, your body and your insting have enough training. It will stay with you for the rest of your life. The more you do it, the more you are good at it. At some point you will master it. Then you can enter trade with a blink of an eye.

Now... here's another key.
If you have 1:1 RR, then you only need to be 51% right to make money. The more Return you put on the RR ration the less "right" you have to make to become profitable.

Just train your wild prediction to become a powerful ones. Like you train your punch to break a brick. Just dont give up. The more powerful you are, the more bricks you can break with a single blow.

You have to have fun when doing it. Keep it easy and keep on watching. Watch and predict.

Believe in yourself.

#969
Jun 23, 2010 8:38pm Jun 23, 2010 8:38pm

eagle4x
| Joined Sep 2005 | Status: pip my ride | 507 Posts

If you decide to set-up new account, just create a custom user title indicating your previous name was losingtrades. After some period of time change your custom user title to something else.

Quoting losingtrades

Disliked

This is great advice...really...I don't mind stuff like this at all. I am very much a beginner trader trying to earn enough per day to quit my lousy stinking job.

I looked at my profile details and I can't see where I can change my name. I may have to start over with a new account...but then no one will know me anymore (hehe as if they really do).

If I change my name, I might have to make an announcement on all my favorite threads

Your advice is well taken...thanks
Jacob

Ignored

#970
Jun 23, 2010 8:40pm Jun 23, 2010 8:40pm

losingtrades
| Joined Jun 2010 | Status: Trader | 246 Posts

Quoting eagle4x

Disliked

If you decide to set-up new account, just create a custom user title indicating your previous name was losingtrades. After some period of time change your custom user title to something else.

Ignored

#971
Jun 23, 2010 8:42pm Jun 23, 2010 8:42pm

losingtrades
| Joined Jun 2010 | Status: Trader | 246 Posts

Quoting NiceGuy

Disliked

This is the system I use. Thanks to Paradoxical who make the time to explain it.

Guys... Please dont start to talk how to use one indicator or another. You just chasing on the wrong direction there.

To be honest with you, and not to try to being arrogant or over confident. I trully can enter those trade without using any other indicator besides daily pivots.

Here's what I did in the past:

Keep running the MT4 charts with daily pivots on your screen with one pair and one pair only. So whenever you near your computer there's no way you will...

Ignored

That advice definitely sounds like a sound plan.

#972
Jun 23, 2010 11:27pm Jun 23, 2010 11:27pm

NiceGuy
Joined Apr 2010 | Status: Trader | 971 Posts

Tell me what you think? Or more important tell yourself what do you think will happen next?

Attached Image (click to enlarge)

Click to Enlarge

Name: Alf_EU_9.jpg
Size: 53 KB

#973
Jun 24, 2010 12:58am Jun 24, 2010 12:58am

bruunoalves
| Joined Mar 2009 | Status: Trader | 73 Posts

Quoting Orcinus

Disliked

I hope you were on the right side of the move or that you had your seatbelt on. What could cause such spike???

Ignored

in my opinion it was made by a fcukin dealin desk, coming to stole people...
what the hell... I work whith 3 marine crocks and it not happened here...

#974
Jun 24, 2010 2:53am Jun 24, 2010 2:53am

pgpb
Joined Dec 2007 | Status: Trader | 719 Posts

Quoting desi

Disliked

Can you tell something more about the indicator and how you use it?
I mean what TP and SL and any other finer points. Thanks.

Ignored

I don't want to go into the use of this indicator as it would not be respectful to the original thread.

I threw it on, well because I liked Niceguy's EA, and I wanted to say thank you with something I use. I don't always use it, but it can be a filter

I will tell you that I also often use no indicator at all.
You can PM me if you are really keen on this indicator and I will help there...but not on this thread
I hope you understand

PGPB

#975
Jun 24, 2010 3:44am Jun 24, 2010 3:44am