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ALF revisited - simple, effective daytrading

  • #1,061
  • Jul 1, 2010 3:28am Jul 1, 2010 3:28am
Quoting NiceGuy
This one might help you to squeeze more pips with alf...
Attachment

Banked 26 pips on tokyo today...

How do you determine divergence? Any other indicator you are using to determine it?
  • #1,062
  • Jul 1, 2010 4:15am Jul 1, 2010 4:15am
Quoting iamnoel
I am not sure how to interpret this, but when the GREEN arrow appears, the PA is over the ALF around the HIGH of the "candle A," then it suddenly reversed.

The RED arrow appears when the "Candle B" is about at its lowest.
... That's what's happened to me when I started to doubt the candles and begin to see indicators.....

Divergence?

I have learned a long time ago but I think the best thread I could find here in FF about exploits pips from divergence is here:
http://www.forexfactory.com/showthread.php?t=163972
  • #1,063
  • Jul 1, 2010 6:02am Jul 1, 2010 6:02am
Quoting NiceGuy
... That's what's happened to me when I started to doubt the candles and begin to see indicators.....

Divergence?

I have learned a long time ago but I think the best thread I could find here in FF about exploits pips from divergence is here:
http://www.forexfactory.com/showthread.php?t=163972

NG...the jankone thread is sweet. it helps one see the forest through the trees.

thanks

  • #1,064
  • Jul 1, 2010 6:07am Jul 1, 2010 6:07am
Quoting iamnoel
I am not sure how to interpret this, but when the GREEN arrow appears, the PA is over the ALF around the HIGH of the "candle A," then it suddenly reversed.

The RED arrow appears when the "Candle B" is about at its lowest.

read the thread suggested by NG above. it is sweet.

your candle A is not divergence...too much action above and below open and close. not reversal coming. from your thread, you enter when below the 21 line after the second candle if 21 stays on color even after second candle is opposite. this is perfect setup for your system.

man, i am starting to see the charts instead of just looking at them.

thanks to all you guys/gals with special help from several.

i hope i can give back one day.


thanks,
jacob
  • #1,065
  • Edited 8:03am Jul 1, 2010 7:01am | Edited 8:03am
Quoting losingtrades
read the thread suggested by NG above. it is sweet.

your candle A is not divergence...too much action above and below open and close. not reversal coming. from your thread, you enter when below the 21 line after the second candle if 21 stays on color even after second candle is opposite. this is perfect setup for your system.

man, i am starting to see the charts instead of just looking at them.

thanks to all you guys/gals with special help from several.

i hope i can give back one day.


thanks,
jacob
You are getting closer and closer every single day my friend...
Yesterday you were looking, now you are seeing. So your next stop is "READING"!

As for me, somehow I get really bored trading EU all the time for couple of years...
Nailed more than 75 pips today from tokyo to london with EU...

I think It's about time for me to move on to its big brother EJ to keep me challenged... I hope I can "rock" harder with EJ since they have bigger candles......
  • #1,066
  • Jul 1, 2010 7:56am Jul 1, 2010 7:56am
I hope this one help some people....
I put on the old RSI from MT default indi to help us see the chart...
(RSI 6 , Median H/L price)

Attached Image (click to enlarge)
Click to Enlarge Name: Alf_EU_17.jpg Size: 114 KB


This one is EJ!!! I think I will rock harder on this one!!
  • #1,067
  • Jul 1, 2010 10:31am Jul 1, 2010 10:31am
Quoting NiceGuy
I hope this one help some people....
I put on the old RSI from MT default indi to help us see the chart...
(RSI 6 , Median H/L price)

Attachment

This one is EJ!!! I think I will rock harder on this one!!

NG...great chart.


It appears that a small pinbar can achieve a few pips win, which is always nice.

But, it also appears that a large pinbar can achieve more pips.


Question...how can one tell the difference between a small pinbar and a large pinbar?


thanks,
jacob
  • #1,068
  • Jul 1, 2010 10:32am Jul 1, 2010 10:32am
Quoting NiceGuy
You are getting closer and closer every single day my friend...
Yesterday you were looking, now you are seeing. So your next stop is "READING"!

As for me, somehow I get really bored trading EU all the time for couple of years...
Nailed more than 75 pips today from tokyo to london with EU...

I think It's about time for me to move on to its big brother EJ to keep me challenged... I hope I can "rock" harder with EJ since they have bigger candles......


there is nothing boring about nailing 75 pips
  • #1,069
  • Jul 1, 2010 12:19pm Jul 1, 2010 12:19pm
Quoting losingtrades

Question...how can one tell the difference between a small pinbar and a large pinbar?


thanks,
jacob
That would be easy..... The size.
Just dont go with the little one, I only do it rarely with 5-10 TP max.

75 pips was easy today. Look at the chart. Market was Skyrocketing since London. More people out there earned more pips easily while some other got calle by Mr. Margin.

Damn, I just realized that EJ is a totally a different beast... This cross is wild... Trend like its brother EU but also going back and forth like its cousin UJ. Won 35 pips easily but suddenly my SL got hit 3 times in a row... Set me back about 15 pips... I must be overtrading.

I should've demo EJ before jumped in...
  • #1,070
  • Jul 1, 2010 12:22pm Jul 1, 2010 12:22pm
Hi @ all ,

i will give all the members now a little present for this victory System.
For all they have trouble with divergence i will attach a nice little Indicator ....

Best Regards
bretlee

Set: KPeriod 10
DPeriod 8
Slowing 8
Attached Image (click to enlarge)
Click to Enlarge Name: divergence.gif Size: 11 KB
Attached File(s)
File Type: mq4 i-STO-Div-Sig.mq4   7 KB | 804 downloads
  • #1,071
  • Jul 1, 2010 1:05pm Jul 1, 2010 1:05pm
Not sure if anyone would have the answer for this. I had to delete my entire IBFX platform and reload it due to a virus, which included me having to delete all indicators from my folders. I readded the indicators I needed one by one. For some reason, none of the ALF indicators work. No matter what color background or pair. They show as being on my indicator list on the custon indicators and show on the chart. But, nothing shows. No Alf candles. No Alf line. No Alf Alert. Weird.

Anyone have a clue as to what might be wrong? Every indicator works except for the Alf ones.
  • #1,072
  • Jul 1, 2010 2:21pm Jul 1, 2010 2:21pm
Quoting bretlee
Hi @ all ,

i will give all the members now a little present for this victory System.
For all they have trouble with divergence i will attach a nice little Indicator ....

Best Regards
bretlee

Set: KPeriod 10
DPeriod 8
Slowing 8

B:

I love this indicator. I have it setup on UJ 5M.

It lags a little...for example, it will place a divergence on a completed bar 3 candles ago.

Can we get one that does not lag? If we get one that does not lag, it can be gold.


thanks,
Jacob
  • #1,073
  • Jul 1, 2010 2:24pm Jul 1, 2010 2:24pm
Quoting paradoxical
Not sure if anyone would have the answer for this. I had to delete my entire IBFX platform and reload it due to a virus, which included me having to delete all indicators from my folders. I readded the indicators I needed one by one. For some reason, none of the ALF indicators work. No matter what color background or pair. They show as being on my indicator list on the custon indicators and show on the chart. But, nothing shows. No Alf candles. No Alf line. No Alf Alert. Weird.

Anyone have a clue as to what might be wrong? Every indicator works...
Did you also download the indicators from the prior thread? If I remember correctly for some alf indicators you needed a certain version of the alf.
Maybe just download all alf related indys under the paperclip from those threads, hope it helps.

pbb
  • #1,074
  • Jul 1, 2010 2:29pm Jul 1, 2010 2:29pm
Quoting losingtrades
B:

I love this indicator. I have it setup on UJ 5M.

It lags a little...for example, it will place a divergence on a completed bar 3 candles ago.

Can we get one that does not lag? If we get one that does not lag, it can be gold.


thanks,
Jacob

The lags comes with lower timeframes ... at M15 the indicator worked very good .... To place the divergance setup earlier you can write a 1 into the "SignalBar" Place .....

Good luck and many green Pips

Best Regards
bretlee
  • #1,075
  • Jul 1, 2010 2:35pm Jul 1, 2010 2:35pm
Quoting bretlee
The lags comes with lower timeframes ... at M15 the indicator worked very good .... To place the divergance setup earlier you can write a 1 into the "SignalBar" Place .....

Good luck and many green Pips

Best Regards
bretlee

B:

I changed it and will report back...thanks
  • #1,076
  • Jul 1, 2010 3:26pm Jul 1, 2010 3:26pm
Yes, I did that also after downloading from this thread, just to see if the original thread indis would work. I can't imagine what the heck happened. All indis are shown on the chart, yet the ALF indis don't work, whereas all others do.

Quoting pbb
Did you also download the indicators from the prior thread? If I remember correctly for some alf indicators you needed a certain version of the alf.
Maybe just download all alf related indys under the paperclip from those threads, hope it helps.

pbb
  • #1,077
  • Jul 1, 2010 3:34pm Jul 1, 2010 3:34pm
Quoting paradoxical
Yes, I did that also after downloading from this thread, just to see if the original thread indis would work. I can't imagine what the heck happened. All indis are shown on the chart, yet the ALF indis don't work, whereas all others do.
Don't have a clue, downloaded the indys on a new install last week and no problem. Maybe you can send a pm to Lou, hope you don't disturb him from his well earned sabbatical!
  • #1,078
  • Edited 5:18pm Jul 1, 2010 3:52pm | Edited 5:18pm
Thanks, pbb. I deleted the platform completely again and reload & it now works.
Quoting pbb
Don't have a clue, downloaded the indys on a new install last week and no problem. Maybe you can send a pm to Lou, hope you don't disturb him from his well earned sabbatical!
  • #1,079
  • Jul 1, 2010 6:32pm Jul 1, 2010 6:32pm
Quoting NiceGuy
... That's what's happened to me when I started to doubt the candles and begin to see indicators.....

Divergence?

I have learned a long time ago but I think the best thread I could find here in FF about exploits pips from divergence is here:
http://www.forexfactory.com/showthread.php?t=163972

Thanks, I am on it this morning!
  • #1,080
  • Edited 9:29pm Jul 1, 2010 6:55pm | Edited 9:29pm
Quoting bretlee
Hi @ all ,

i will give all the members now a little present for this victory System.
For all they have trouble with divergence i will attach a nice little Indicator ....

Best Regards
bretlee

Set: KPeriod 10
DPeriod 8
Slowing 8

Thanks, but how does the STOCH differ from RSI as used by NiceGuy?

UPDATE: Also how does the divergence present itself? I see some red/blue dots and arrows? Kindly view the attached charts, if you have time please.

I saw BLUE DOT (lower left corner), then after about 10 candles, a BLUE ARROW appeared. What is the significance?

Later on, I saw a red dot, then a trendline appeared. What is the significance?

Again, thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: forex.jpg Size: 72 KB
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