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Up and Down with TT

  • #21
  • Jul 13, 2010 1:37am Jul 13, 2010 1:37am
Good day to you,

Results since last summary. Entered 4 trades. 4 winners. + 78 pips.

I will now stop posting results going forward. It does seem that there is an edge to trading this style. Losses will come, but since SR levels are used - risk could be managed.

The last week has produced 29 trades in total - 1 loss of 4 pips. One or 2 BE trades. I think close to or just over 600 pips in gains. This is by no means an arrogant post - just an opinion that a plan can be traded with positive expectancy...

My work here is done.

I wish you all success

Regards
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  • #22
  • Jul 13, 2010 5:37am Jul 13, 2010 5:37am
Good day to you,

This can be traded in both directions, looking for SR levels and general consensus with the Volume WMA and trend indi. Make use of other confirmations, if you so wish ( Stoch, Fibs, Pivots, Trendlines).

Chart1 - EU longs
Chart2 - result + 53 pips ( 2 entries)
Chart3 - GU Shorts
Chart4 - result + 41 pips ( 2 entries)

Regards
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  • #23
  • Jul 13, 2010 6:21am Jul 13, 2010 6:21am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Excellent results TT. Expected from trader like you.
Have you thought of creating an EA with this, might make life easy and emotions out of window?


ta
ams



Quoting TauTrader
Good day to you,

Results since last summary. Entered 4 trades. 4 winners. + 78 pips.

I will now stop posting results going forward. It does seem that there is an edge to trading this style. Losses will come, but since SR levels are used - risk could be managed.

The last week has produced 29 trades in total - 1 loss of 4 pips. One or 2 BE trades. I think close to or just over 600 pips in gains. This is by no means an arrogant post - just an opinion that a plan can be traded with positive expectancy...

My work here is done.

I wish you all...
  • #24
  • Jul 13, 2010 6:38am Jul 13, 2010 6:38am
Good day to you,

Chart1 - 4hr - Buy into weakness. Confluence of SR levels and round number.
Chart2 - result + 62 pips.

In and out.

Regards
Attached Image(s) (click to enlarge)
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  • #25
  • Jul 13, 2010 6:41am Jul 13, 2010 6:41am
Hey Tau, could you give me a little better explanation of what all the lines mean on the indicator. I'm kind of slow at times. I get the idea of bullish when it breaks above histo and fans out and bearish within etc. I guess I am asking for spoon feeding.
  • #26
  • Jul 13, 2010 6:45am Jul 13, 2010 6:45am
Quoting ams
Excellent results TT. Expected from trader like you.
Have you thought of creating an EA with this, might make life easy and emotions out of window?


ta
ams
Good day to you, AMS

Good to "hear" from you. Thank you so much for your compliment

I do not know the first thing about EA's. But I think this is too subjective to set solid rules for a computer to trade. SR levels appear all the time - as we go. I look at different timeframes and decide from there if I want to enter. Sometimes above, sometimes below.

I can not see how all these factors can be programmed... I may be wrong.

I may just be on a lucky streak

Time will tell how solid this idea is

Thank you for taking the time to post. Appreciated

Warm regards
  • #27
  • Jul 13, 2010 7:07am Jul 13, 2010 7:07am
Also want to say that you are very generous with your sharing.
  • #28
  • Jul 13, 2010 7:15am Jul 13, 2010 7:15am
Quoting calderone
Hey Tau, could you give me a little better explanation of what all the lines mean on the indicator. I'm kind of slow at times. I get the idea of bullish when it breaks above histo and fans out and bearish within etc. I guess I am asking for spoon feeding.
Good day to you,Sir

You are correct in your assumption. The highest probability would be the movements as you have described. Important that you keep the zoom as per the template so you have consistency. The indicators do give different messages once you zoom in too close. I just sometimes take a snapshot of the chart on a larger / bigger zoom to show the SR level.

Throw on a standard stoch set at 10 , 5 , 5. This may assist you as well. Wait for these fanned out areas as you have described - wait for the valley / peak - look at SR and go...

Another good sign, but only one way, would be the appearance of the green Volume WMA from the RED trend. This normally indicates a change in temporary direction. Sometimes small - sometimes significant. On this kind of setup, you may see a last dip, before the move higher. For this spesific strategy, you want to zoom back to the smallest possible zoom.

Here is some charts to show you what I mean. It is not always 100% clear, but it works a lot of the time...

Hope this assists you some.

Warm regards
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  • #29
  • Jul 13, 2010 7:18am Jul 13, 2010 7:18am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
C'mmon buddy, you deserve it.

Throwing all your work for nothing. Perhaps we could all do is make it better if it can be.

I am trying various EA's with logic in hope that something might work. I've a fantastic developer from Russia. He codes for me.

Your idea is realistic as it works on cycle patterns. You already know Market work in cycles, and your theory is good. Just need to refine for buying and selling. BUY the strongest, sell the weakest. How to define strongest and weakest is a little tough but it can be done based on monthly, weekly open, lows etc.

The good test is to try on every currency pair and then you know if it's solid. But that's where you need an EA to do the job. It's hard to do it by yourself.

ta
ams


Quoting TauTrader
Good day to you, AMS

Good to "hear" from you. Thank you so much for your compliment

I do not know the first thing about EA's. But I think this is too subjective to set solid rules for a computer to trade. SR levels appear all the time - as we go. I look at different timeframes and decide from there if I want to enter. Sometimes above, sometimes below.

I can not see how all these factors can be programmed... I may be wrong.

I may just be on a lucky streak

Time will tell how solid this idea is

Thank you for taking the...
  • #30
  • Jul 13, 2010 7:20am Jul 13, 2010 7:20am
Quoting TauTrader
Good day to you,Sir

You are correct in your assumption. The highest probability would be the movements as you have described. Important that you keep the zoom as per the template so you have consistency. The indicators do give different messages once you zoom in too close. I just sometimes take a snapshot of the chart on a larger / bigger zoom to show the SR level.

Throw on a standard stoch set at 10 , 5 , 5. This may assist you as well. Wait for these fanned out areas as you have described - wait for the valley / peak - look at SR and go......
Thanks Tau! Off to study this now. Have a great day!
  • #31
  • Jul 13, 2010 7:25am Jul 13, 2010 7:25am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
He indeed is matey!!

How's your trading coming along?


ta
ams


Quoting calderone
Also want to say that you are very generous with your sharing.
  • #32
  • Jul 13, 2010 7:35am Jul 13, 2010 7:35am
Quoting ams
He indeed is matey!!

How's your trading coming along?


ta
ams
Pretty good with the higher tf stuff. My scalping needs some work. lol How are you doing?
  • #33
  • Jul 13, 2010 7:40am Jul 13, 2010 7:40am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
That's good to know.

Not bad myself. I am stuck with one dodgy Kiwi swing trade holding from few days, apart from that things are ok with cable, pound trades.

Trying to trade with TT's indi's and they are good. For some reason I can picture the moves in my mind when I trade/scalp with them. It's easy to see what the next move will be.

ta
ams






Quoting calderone
Pretty good with the higher tf stuff. My scalping needs some work. lol How are you doing?
  • #34
  • Jul 13, 2010 7:47am Jul 13, 2010 7:47am
Quoting ams
That's good to know.

Not bad myself. I am stuck with one dodgy Kiwi swing trade holding from few days, apart from that things are ok with cable, pound trades.

Trying to trade with TT's indi's and they are good. For some reason I can picture the moves in my mind when I trade/scalp with them. It's easy to see what the next move will be.

ta
ams
I am enthused with his work and am going to take small positions as I learn this method. I like the simplicity. Still trying to get used to breath of currency-a lot of info for me to digest. Thinking of dumbing it down to weekly pivots and self marked s&r areas.
  • #35
  • Jul 13, 2010 7:52am Jul 13, 2010 7:52am
Quoting ams
C'mmon buddy, you deserve it.

Throwing all your work for nothing. Perhaps we could all do is make it better if it can be.

I am trying various EA's with logic in hope that something might work. I've a fantastic developer from Russia. He codes for me.

Your idea is realistic as it works on cycle patterns. You already know Market work in cycles, and your theory is good. Just need to refine for buying and selling. BUY the strongest, sell the weakest. How to define strongest and weakest is a little tough but it can be done based on monthly, weekly...
Good day to you,

I'm just a simple man...

Maybe then you should investigate a bit more to see if there are some other consistencies that can be traded / incorporated. All input will be greatly appreciated - as always.

I have traded a couple of pairs in the last few days. The principle remains the same, it seems.

Wish you success

Regards
  • #36
  • Jul 13, 2010 7:59am Jul 13, 2010 7:59am
Quoting calderone
I am enthused with his work and am going to take small positions as I learn this method. I like the simplicity. Still trying to get used to breath of currency-a lot of info for me to digest. Thinking of dumbing it down to weekly pivots and self marked s&r areas.
Good day to you,

I am using free information and indicators. Praise must go to those talented coders that create these... I am just attempting to put logic together, by applying these ( or then the way I see it)

I really, really hope that you can find something of value that may compliment your trading.

Good luck!

Regards
  • #37
  • Jul 13, 2010 8:13am Jul 13, 2010 8:13am
Quoting TauTrader
Good day to you,

I am using free information and indicators. Praise must go to those talented coders that create these... I am just attempting to put logic together, by applying these ( or then the way I see it)

I really, really hope that you can find something of value that may compliment your trading.

Good luck!

Regards
Thanks Tau. You really put the work into these free indis and were generous enough to share with us. It takes a thrifty wise person to put something together like this. I appreciate all that you've done over several months-even going back to dt's thread.
  • #38
  • Jul 13, 2010 8:48am Jul 13, 2010 8:48am
Good day to you,

Entered short on the GU 1hr. This was a terrible place to attempt the short. Although we had a cluster of SR above price, price is trading above the June high @ 1.5126. The SR above price is thus weaker than the current support of the June high.

The indicators are marginal with the Volume Wma's "fanned" up. May have worked - may still work, but this was a poor entry. End of story.

I quickly closed for 0 and +12, after carefully looking at the levels again. I need to take a break here - not focussed. There are enough opportunities during the day - pick carefully. 20 to 30 pips a day is all that is needed (note to self).

Be safe!

Regards
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  • #39
  • Jul 13, 2010 9:44am Jul 13, 2010 9:44am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
See TT that's where you need to control , your system is excellent.
It tells you what you need to do and when

Although I do say BUY the strongest and SELL the weakest. But for some bizzare reason I see no weak currency atm. Look at the $ it's not weak, sideways surely but not weak. It's weak in comparison to yen. Which means RISK is ON. I think something is cooking in the markets beyond the knowledge of herd. This is ensuring me we might see another shoe dropping (like 1000 point DOW crash scenerio).

Is there a way to turn-off x number days signal..I only want to see week,month open,close fib level etc.

ta
ams





Quoting TauTrader
Good day to you,

Entered short on the GU 1hr. This was a terrible place to attempt the short....
  • #40
  • Jul 13, 2010 10:26am Jul 13, 2010 10:26am
Quoting ams
See TT that's where you need to control , your system is excellent.
It tells you what you need to do and when

Although I do say BUY the strongest and SELL the weakest. But for some bizzare reason I see no weak currency atm. Look at the $ it's not weak, sideways surely but not weak. It's weak in comparison to yen. Which means RISK is ON. I think something is cooking in the markets beyond the knowledge of herd. This is ensuring me we might see another shoe dropping (like 1000 point DOW crash scenerio).

Is there a way to turn-off x number days...
Good day to you,

I am sure that this can be done. I am loading up the source indi. You can send this to your connection to change the content to reflect only what you see fit.

This is the best I can do for you. See if you can make it work as per your requirement - then post it back on here - if possible.

Hope this assists

Regards
Attached File(s)
File Type: mq4 breath of currency_test2en.mq4   76 KB | 322 downloads
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