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ALF revisited - simple, effective daytrading

  • #1,021
  • Jun 28, 2010 12:36pm Jun 28, 2010 12:36pm
Quoting bretlee
Timeframe M15 for me ...

(The second entry was not soooo good, to early .... )
( I´m a very very bad Trader tooo .... )


looks like on the second one, you anticipated a close above alf. i've made the anticipation mistake many times...


do you enter after so many pips below/above close/high/low?
  • #1,022
  • Jun 28, 2010 12:37pm Jun 28, 2010 12:37pm
Quoting NiceGuy
I hope this one answer your question buddy...
I lost 4 live pips today..........

Attachment
NG:

what happened...did you take a nap and miss the day?
  • #1,023
  • Edited 12:51pm Jun 28, 2010 12:40pm | Edited 12:51pm
Quoting losingtrades
NG:

what happened...did you take a nap and miss the day?
I push the wrong button...
but fixed that with +55 pips today....

Boy... I love that green color.....
  • #1,024
  • Jun 28, 2010 12:40pm Jun 28, 2010 12:40pm
Quoting losingtrades
B:

thanks for your fast reply.

on your graph, the first trade, it appears you waited two more candles to enter after close below alf. Can you explain. do you wait for more confirmation?

-jacob


I have wait for a clear entry, so i wait for the new candle... If i see a clear Picture so i go into the market ... thats why i going to late or to fast into the market ... i must traning my opinion a little bit better for perfect entry´s
  • #1,025
  • Jun 28, 2010 12:51pm Jun 28, 2010 12:51pm
Quoting bretlee
I have wait for a clear entry, so i wait for the new candle... If i see a clear Picture so i go into the market ... thats why i going to late or to fast into the market ... i must traning my opinion a little bit better for perfect entry´s

B:

If you knew the perfect entry...you could sell the information for $1 million. we are all just merely speculating in the end. some do a much much better job than others.

i was just inquiring...thanks for answering.


-jacob
  • #1,026
  • Jun 28, 2010 12:52pm Jun 28, 2010 12:52pm
Quoting NiceGuy
I push the wrong button...
but fixed that with +55 pips today....

Boy... I love that green color.....




I had no time to trade today...too busy at my day job...it keeps me away from what I really want to do.
  • #1,027
  • Edited 1:22pm Jun 28, 2010 12:56pm | Edited 1:22pm
Quoting bretlee
I have wait for a clear entry, so i wait for the new candle... If i see a clear Picture so i go into the market ... thats why i going to late or to fast into the market ... i must traning my opinion a little bit better for perfect entry´s
You can study my posts few pages back...
You might have a clearer picture and
the good news is you dont have to pay $1 million.

I lost 4 pips today... and that's the first one in last 10 days...
  • #1,028
  • Jun 28, 2010 1:23pm Jun 28, 2010 1:23pm
Quoting NiceGuy
You can study my posts few pages back...
You might have a clearer picture and
the good news is you dont have to pay $1 million.

I lost 4 pips today... and that's the first one in last 10 days...
Really 10 winning days in a row using ALF?
  • #1,029
  • Jun 28, 2010 1:56pm Jun 28, 2010 1:56pm
Looks like we might a get an ALF entry on the daily chart. Have to wait till 12:00 to see for sure.
  • #1,030
  • Jun 28, 2010 1:56pm Jun 28, 2010 1:56pm
Quoting KumoDragon
Really 10 winning days in a row using ALF?
There's price pattern that keeps repeating itself .. I only enter when that pattern appeared. If we do that we have very high probability to win. Not 100% win, but this way we will lose more rarely. Combine it with Risk<Return MM, it's gold.

Please look at some of my post couple pages back....

Well not exactly 10 days (I counted the weekends days)... maybe about 7 days now. But I lose today...
  • #1,031
  • Jun 28, 2010 6:20pm Jun 28, 2010 6:20pm
Still learning the ALF ...

Question NiceGuy, on the +5 win, isnt it a bit too early to enter, when PA is still below the ALF line?

Thanks for a nice clean chart.

http://cdn.forexfactory.com/attachme...3&d=1277746437
  • #1,032
  • Edited 7:54pm Jun 28, 2010 7:41pm | Edited 7:54pm
Quoting iamnoel
Still learning the ALF ...

Question NiceGuy, on the +5 win, isnt it a bit too early to enter, when PA is still below the ALF line?

Thanks for a nice clean chart.

http://cdn.forexfactory.com/attachme...3&d=1277746437

Which one do you trust the most?
Alf or Price itself?

I saw the pinbar and divergence right before I enter for five pips. With this confirmation it's a enough for me to enter right away.

Alf is there to help me read the PA movement but my action is always based on the PA itself. Candles.

If you look at it closer, you will notes that there's a good chance I might not win that 5 pips if I wait the price to be above alf.

Why taking that chance?

Btw, I am a bit more aggressive than usual because I start my trade this week wit a losing one. (That -4 pips on chart)
I should not trade that way. That was bad for business.



Good luck there! Hope this helps..
  • #1,033
  • Jun 28, 2010 8:15pm Jun 28, 2010 8:15pm
I have few people PM me asking about the way I do my trades with alf.

This is the secret:
http://www.forexfactory.com/showpost...&postcount=970

I broke the rule here and there but somehow I almost always managed to win. This simply because I know the pairs and TF I trade with. Not because I am good or have a sixth sense or something. That's ridiculous.

It's simply my brain has recorded so much data about how the EU M5 moves and how it repeated itself in a certain pattern.

Please take a look some of my charts couple pages back.

Hope this helps.
  • #1,034
  • Jun 28, 2010 8:38pm Jun 28, 2010 8:38pm
Quoting TradeRunner
Hope it helps.
Thanks for this traderunner. I was looking for a good pivot indicator to add to my chart.
  • #1,035
  • Jun 28, 2010 9:16pm Jun 28, 2010 9:16pm
There is a very profound quote that says "As a man thinketh, therfore he is." Some day, science will unlock the key to BELIEF, and how and why a belief in a thing can alter a humans consciousness into things far greater than he can ever imagine. Within our brains are the POTENTIAL to reach great heights. Savants have the ability to remember everything they have ever seen or read. That means that EVERYONE has this same capacity....not just savants.

Would you believe the words of a losing trader, or of a winning trader? Which choice would you make? Never mind whether that trader has been doing it for years or not. Winning is all that matters here, right? Who would want to follow a losing team? who would want to follow a failure? Who would want to emulate a failure? the answer is, of course, no one.

Follow success, think success, dream success, and take the steps necessary to LEARN success, and there is no other alternative but for you to become one, because your MIND will train you to SEE success, and be success. You must focus. You must learn LEARN the tools of the trade. This is what the poster is saying. Is he lying? You tell me.
Quoting NiceGuy
I have few people PM me asking about the way I do my trades with alf.

This is the secret:
http://www.forexfactory.com/showpost...&postcount=970

I broke the rule here and there but somehow I almost always managed to win. This simply because I know the pairs and TF I trade with. Not because I am good or have a sixth sense or something. That's ridiculous.

It's simply my brain has recorded so much data about how the EU M5 moves and how it repeated itself in a certain pattern.

Please take a look some of my charts couple...
  • #1,036
  • Jun 28, 2010 9:58pm Jun 28, 2010 9:58pm
Quoting paradoxical
There is a very profound quote that says "As a man thinketh, therfore he is." Some day, science will unlock the key to BELIEF, and how and why a belief in a thing can alter a humans consciousness into things far greater than he can ever imagine. Within our brains are the POTENTIAL to reach great heights. Savants have the ability to remember everything they have ever seen or read. That means that EVERYONE has this same capacity....not just savants.

Would you believe the words of a losing trader, or of a winning trader? Which choice would you...
Yes, Am I a liar? I like that!

But would you take the chances not to become a better trader if I am telling the truth?

That's the question...

I answer that with my current Trade on Tokyo..
Why it's so hard to see the pattern?

Attached Image (click to enlarge)
Click to Enlarge Name: Alf_EU_15.jpg Size: 83 KB


See....?
  • #1,037
  • Jun 28, 2010 11:55pm Jun 28, 2010 11:55pm
Changed the properties from candles to Barcharts to take away the black candles.
Attached Image (click to enlarge)
Click to Enlarge Name: Frac Candles on Barchart .jpg Size: 82 KB
Attached File(s)
File Type: tpl frac candles on barchart.tpl   3 KB | 430 downloads
Our IMAGINATION is the true holy grail!
  • #1,038
  • Jun 29, 2010 5:42am Jun 29, 2010 5:42am
Quoting Leigh
Changed the properties from candles to Barcharts to take away the black candles.

What do you mean sir?

Btw, on your chart, what is the significance of the following, in terms of opening/closing a trade?

BUYER
SELLER
POWER

Thanks!
  • #1,039
  • Jun 29, 2010 1:20pm Jun 29, 2010 1:20pm
just found this thread and had tried some opens and got pips.
thanks LouG, hei... where are you LouG?

http://i50.tinypic.com/23moci0.gif
  • #1,040
  • Jun 29, 2010 2:51pm Jun 29, 2010 2:51pm
Hi Serveruang
Can you tell us where you get profit and loss info indy. from.
Thanks
Geoff
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