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Up and Down with TT

  • #41
  • Jul 13, 2010 10:29am Jul 13, 2010 10:29am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Cheers TT, help is much appreciated.
I'll try and work with this. Will post when all done.

ta
ams


Quoting TauTrader
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
  • #42
  • Jul 13, 2010 11:06am Jul 13, 2010 11:06am
Good day to you,

I want to record and see if this time round, the scenario plays out. 4hr chart - so gonna be a slow process. In theory, we should see a move up coming from this dip...

Will watch seperately to see if it plays out over the next couple of days. Not trading this- just observing

Regards
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  • #43
  • Jul 13, 2010 10:20pm Jul 13, 2010 10:20pm
Good day to you,

Bought into weakness late yesterday on the 4hr chart. This on the chart. The 4hr I believe is still a challenge to attempt entry, as movements can be large and finding an "exact" entry is difficult.

The entries are recorded on the chart. Closed all positions @ 1.0560. Got nervous...

Entry1 closed @ +2
Entry2 closed @ +7
Entry3 closed @ +12
Entry4 closed @ +19
Entry5 closed @ +31
Entry6 closed @ +38

Total + 109 pips

Regards
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  • #44
  • Jul 13, 2010 10:35pm Jul 13, 2010 10:35pm
Quoting TauTrader
Good day to you,

Bought into weakness late yesterday on the 4hr chart. This on the chart. The 4hr I believe is still a challenge to attempt entry, as movements can be large and finding an "exact" entry is difficult.

The entries are recorded on the chart. Closed all positions @ 1.0560. Got nervous...

Entry1 closed @ +2
Entry2 closed @ +7
Entry3 closed @ +12
Entry4 closed @ +19
Entry5 closed @ +31
Entry6 closed @ +38

Total + 109 pips

Regards
And as it goes.... immediately shot up a further 20 after closing

Such is life

Regards
  • #45
  • Edited 11:41pm Jul 13, 2010 11:37pm | Edited 11:41pm
Good day to you,

I have decided to break my own rule and post a final tally for the last week. ( Basically since trading this with effort). This will REALLY be the very last "statement" posted in this journal. This is only 54 trades - not nearly enough to prove a setup as robust / consistent. This can only be claimed after 1000's of trades and a winning percentage of 60%+.

I have my reasons for posting this. Not that I care, but some may think - yeah right, he only posts his trades "after the fact" and does not post losing trades. The facts are - losers there will be - this is as sure as death and taxes. I also do not want to start "performing" to an audience - this may scew things and place me under pressure. This I do not want/ can not afford.

So - no more.

The message remains - there is enough opportunity. Be very, very patient. Pick the best possible setups. Get in and get out.

May you prosper. I wish you all the best.

Regards
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  • #46
  • Jul 14, 2010 12:33am Jul 14, 2010 12:33am
Good day to you,

I want to introduce another method to consider as part of the multiple ways of trading this setup. Mostly for scalps. Good for trending - but also possibly dangerous when getting into the turns.

Once the Green Volume WMA appears, look for the dot to be established in the same direction. ( Give it enough time - 3 to 4 bars) It should normally be in place already ( before the green line comes out of hiding, or before it goes into hiding) Stops may be quite wide - above or below the recent high / low. Use the OB and OS stoch to better time entries. Alternatively, look for breaks through SR areas.

Just a thought...

Regards
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  • #47
  • Jul 14, 2010 1:38am Jul 14, 2010 1:38am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Excellent TT!

It's good that you are posting all the trades with reasoning. It can only improve.

One more addition you can make is above or below 50 percent of this/last week/month. If PA going in either direction indicates it's lossing momentum. When coupled with month open close it can be powerful.

Will post charts later when I have finished with indicator. Haven't got the chance to touch it yet.



ta
ams


Quoting TauTrader
Good day to you,

I want to introduce another method to consider as part of the multiple ways of trading this setup. Mostly for scalps. Good for trending - but also possibly dangerous when getting into the turns.

Once the Green Volume WMA appears, look for the dot to be established in the same direction. ( Give it enough time - 3 to 4 bars) It should normally be in place already ( before the green line comes out of hiding, or before it goes into hiding) Stops may be quite wide - above or below the recent high / low. Use the OB and OS stoch to...
  • #48
  • Jul 14, 2010 1:42am Jul 14, 2010 1:42am
Entered quick short based on chart1. Result Chart2. +10 ( I know... pips are pips). Since the 1.2700 level is still holding, this was always just a scalp in that little sideways channel.

Regards
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  • #49
  • Jul 14, 2010 1:46am Jul 14, 2010 1:46am
Quoting ams
Excellent TT!

It's good that you are posting all the trades with reasoning. It can only improve.

One more addition you can make is above or below 50 percent of this/last week/month. If PA going in either direction indicates it's lossing momentum. When coupled with month open close it can be powerful.

Will post charts later when I have finished with indicator. Haven't got the chance to touch it yet.



ta
ams
Good day to you,

Excellent observation. I will look at this closely.... I would assume that the monthly 50% will carry more weight - then the weekly 50%. Correct?

This is the type of input needed. Thank you for taking the time to post.

Regards
  • #50
  • Jul 14, 2010 1:57am Jul 14, 2010 1:57am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
It depends on how far they are from each other. If they are close by then it's hard to analyze. This could mean choppy/sideways market etc

For e.g. We are above monthly 50% on kiwi and 50% percent of this week , indicates bullish trend. However, if we go below 50 % of this week 713xx it doesn't mean the trend has changed, it has weaken, if we go below 50 percent of the month 696xx it's indicating a change in trend is developing.


ta
ams



Quoting TauTrader
Good day to you,

Excellent observation. I will look at this closely.... I would assume that the monthly 50% will carry more weight - then the weekly 50%. Correct?

This is the type of input needed. Thank you for taking the time to post.

Regards
  • #51
  • Jul 14, 2010 1:59am Jul 14, 2010 1:59am
Quoting TauTrader
Good day to you,

Bought into weakness late yesterday on the 4hr chart. This on the chart. The 4hr I believe is still a challenge to attempt entry, as movements can be large and finding an "exact" entry is difficult.

The entries are recorded on the chart. Closed all positions @ 1.0560. Got nervous...

Entry1 closed @ +2
Entry2 closed @ +7
Entry3 closed @ +12
Entry4 closed @ +19
Entry5 closed @ +31
Entry6 closed @ +38

Total + 109 pips

Regards
Price now 1.0614..... Hindsight is a wonderful thing.

Quote
I want to record and see if this time round, the scenario plays out. 4hr chart - so gonna be a slow process. In theory, we should see a move up coming from this dip...

Will watch seperately to see if it plays out over the next couple of days. Not trading this- just observing


I think we can also call that USD/JPY observation a success? Trading 75 pips above the level posted for the upmove call.
  • #52
  • Jul 14, 2010 2:02am Jul 14, 2010 2:02am
Quoting ams
It depends on how far they are from each other. If they are close by then it's hard to analyze. This could mean choppy/sideways market etc

For e.g. We are above monthly 50% on kiwi and 50% percent of this week , indicates bullish trend. However, if we go below 50 % of this week 713xx it doesn't mean the trend has changed, it has weaken, if we go below 50 percent of the month 696xx it's indicating a change in trend is developing.


ta
ams
Good day to you,

Makes perfect sense. Thank you.

Will watch these levels with a different view - going forward. I am leaving for meetings now - see you around later today.

Wish you success.

Regards
  • #53
  • Jul 14, 2010 8:05am Jul 14, 2010 8:05am
Good day to you,

This was not really a trade done on the merit of the indicators, rather by another observation playing out regularely.

Started placing shorts as we continued into a cluster of channel Resistance. Stoch also going into "oversold". The main catalyst for me taking this trade, is shown in the line chart. The 1.5200 level has not really been broken until now.

More often than not, price will move through an important level to come back to retest first before proper continuation. It looks like this is the case here - but my nerves are getting the better of me.... We may still see 1.5200 broken back - but I am not hanging around for that....

I placed 7 shorts into strength, as we continued up.

Entries:

1.5252 closed @ 1.5237
1.5257 closed @ 1.5233
1.5262 closed @ 1.5233
1.5270 closed @ 1.5233
1.5276 closed @ 1.5233
1.5280 closed @ 1.5233
1.5288 closed @ 1.5234

Total + 249 pips

Regards
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  • #54
  • Jul 14, 2010 8:57am Jul 14, 2010 8:57am
it seem taucrossfinal doesn't work
and template doesn't include stoch


for the greater good
  • #55
  • Jul 14, 2010 9:08am Jul 14, 2010 9:08am
Quoting bt062
it seem taucrossfinal doesn't work
and template doesn't include stoch


for the greater good
Good day to you, Sir

If you can explain to me what you mean by don't work, I can attempt to assist. The Stoch you can manually add - standard in MT4 - with settings 10,5,5.

Regards
  • #56
  • Jul 14, 2010 9:13am Jul 14, 2010 9:13am
Quoting bt062
it seem taucrossfinal doesn't work
and template doesn't include stoch


for the greater good
No offense, but could you post a chart and point it out or something?
  • #57
  • Jul 14, 2010 9:21am Jul 14, 2010 9:21am
Quoting bt062
it seem taucrossfinal doesn't work
and template doesn't include stoch


for the greater good
Just as I thought. A drive by. lol
  • #58
  • Jul 14, 2010 9:25am Jul 14, 2010 9:25am
Quoting calderone
Just as I thought. A drive by. lol
  • #59
  • Jul 14, 2010 9:26am Jul 14, 2010 9:26am
Quoting TauTrader
  • #60
  • Jul 14, 2010 9:30am Jul 14, 2010 9:30am
Tau, I would like to add that I am seeing positive things. I am just a little slow at following up. I watched the jpy sell off with a nice signal. Too bad I didn't take it. lol


I changed the color of the background for my eyes. Added weekly pivots as I am hoping our friend can alter breath of currency so it doesn't overload my brain. Oh yeah, the stoch was added.

Nice
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