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Trading "The Constrictor"

  • #221
  • Sep 15, 2010 12:42pm Sep 15, 2010 12:42pm
Here's an ET3 setup I missed.

(Deep inside I know I might just have to simplify things here and get back to the good ol' dailies and weeklies until the next summer break from uni - we'll see)

Bearish IPB off the 1.03 BRN price pivot zone.

g.
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I believe . . .
  • #222
  • Sep 15, 2010 5:49pm Sep 15, 2010 5:49pm
Quoting unlv_tj
Good catch. I didn't trade it based on the Daily due to the weak close.

I did watch the smaller time frames for a bounce off 1.55, and I got in on a 5 minute chart.
Thanks for the feedback everyone. I was and am a little worried about the longer week of the trigger bar and today's actually. I've demo'd this bar and have reduced my risk by about 50%.

I began following g's intro on the PF, and have had some fairly decent success on these entries, even when the bars haven't been near A+. The thing I really like about this method that G has so expertly taught is that I find this an outstanding way to trade with trend....I'm a big fan of ET3 and ET4. Here's my stop position....I'll let you guys know how this one plays out.
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  • #223
  • Sep 15, 2010 9:33pm Sep 15, 2010 9:33pm
Quoting Donkey
Thanks for the feedback everyone. I was and am a little worried about the longer week of the trigger bar and today's actually. I've demo'd this bar and have reduced my risk by about 50%.

I began following g's intro on the PF, and have had some fairly decent success on these entries, even when the bars haven't been near A+. The thing I really like about this method that G has so expertly taught is that I find this an outstanding way to trade with trend....I'm a big fan of ET3 and ET4. Here's my stop position....I'll let you guys know how this...
I also took this trade as ET4. I did realize that the close of the BUOB is not strong. Still, since the pair bounced up from 1.55, I felt it has wings to move up.
I played with traditional setup.. Will get to BE if and when the price reaches to 1.57.
Attached Image(s) (click to enlarge)
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  • #224
  • Sep 15, 2010 10:31pm Sep 15, 2010 10:31pm
Trend is down
moved up through EMA 21 and even EMA 50

Closed below EMA21 with an IPB.. the close is not good.

Did not spend much time in the CT zone.

Looks like breaking hard now !!

Ghous, does this fit to ET4 type ?
Attached Image (click to enlarge)
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  • #225
  • Sep 16, 2010 1:12pm Sep 16, 2010 1:12pm
Quoting cprao
Trend is down
moved up through EMA 21 and even EMA 50

Closed below EMA21 with an IPB.. the close is not good.

Did not spend much time in the CT zone.

Looks like breaking hard now !!

Ghous, does this fit to ET4 type ?
That is not an IPB CP, it's just a continuation pin bar, and yeah the close would be a major concern for me. Also I am looking at a real choppy market on the NZD/CHF, yes we are in a down trend but it isn't a smooth one - or let's say it isn't as smooth and dominant as we would like to see for an ET3 setup.

g.
I believe . . .
  • #226
  • Sep 16, 2010 2:53pm Sep 16, 2010 2:53pm
Quoting ghous
That is not an IPB CP, it's just a continuation pin bar, and yeah the close would be a major concern for me. Also I am looking at a real choppy market on the NZD/CHF, yes we are in a down trend but it isn't a smooth one - or let's say it isn't as smooth and dominant as we would like to see for an ET3 setup.

g.
Thank you Ghous for your comments. Yeah.. I see what do you mean by choppy market..
  • #227
  • Edited 4:48pm Sep 16, 2010 3:22pm | Edited 4:48pm
I'll post a chart later, but I believe Swissie gave a beautiful ET1 today on the one hour - right out of the consolidation at the VBRN 1.0000. Stop could have been at approx 2R in 3 hours.

Edit to add the chart. Looking at this one on my template....I believe I would consider this an A+ trigger. That BUOB really had some momentum. I'm going to track it as if I had traded it. Red is stop progression and green is where the entry would have been.

I'll start catching these eventually.
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  • #228
  • Sep 16, 2010 7:34pm Sep 16, 2010 7:34pm
Ghous,

How did you get your CZ to appear transparent like that with the MA Shade Indicator?
  • #229
  • Sep 16, 2010 10:19pm Sep 16, 2010 10:19pm
Quoting Donkey
I'll post a chart later, but I believe Swissie gave a beautiful ET1 today on the one hour - right out of the consolidation at the VBRN 1.0000. Stop could have been at approx 2R in 3 hours.

Edit to add the chart. Looking at this one on my template....I believe I would consider this an A+ trigger. That BUOB really had some momentum. I'm going to track it as if I had traded it. Red is stop progression and green is where the entry would have been.

I'll start catching these eventually.
Interesting !! Looks like a solid ET1. Good consolidation. strong BUOB.. no wic.. solid close. Not swing low..

I guess Ghous only suggesting this strategy (or backtested) on H4 and UP..
  • #230
  • Sep 16, 2010 10:20pm Sep 16, 2010 10:20pm
Quoting Donkey
I'll post a chart later, but I believe Swissie gave a beautiful ET1 today on the one hour - right out of the consolidation at the VBRN 1.0000. Stop could have been at approx 2R in 3 hours.

Edit to add the chart. Looking at this one on my template....I believe I would consider this an A+ trigger. That BUOB really had some momentum. I'm going to track it as if I had traded it. Red is stop progression and green is where the entry would have been.

I'll start catching these eventually.
1H charts give the most precise details of all the entry entry requirements needed for the aggressive entry methods. The reason I gave up 1H charts was that there were far too many signals that had to filtered through a weak grasp on the system.

A+ for sure Donkey but I don't want you to get carried away by the 1H charts.

g.
I believe . . .
  • #231
  • Sep 16, 2010 10:22pm Sep 16, 2010 10:22pm
Quoting cprao
Interesting !! Looks like a solid ET1. Good consolidation. strong BUOB.. no wic.. solid close. Not swing low..

I guess Ghous only suggesting this strategy (or backtested) on H4 and UP..
I did trade the system on the 1H for a month or two. In fact I did the first introductory videos for the system on 1H setups (that I had put up in my journal at the PF) but like I have previously mentioned 4H is where I "found" the strategy and I can still confidently say it works best on 4H and above.

g.
I believe . . .
  • #232
  • Sep 16, 2010 10:25pm Sep 16, 2010 10:25pm
Quoting BWise
Ghous,

How did you get your CZ to appear transparent like that with the MA Shade Indicator?
Transparent? I gave it a very deep blue shade with a slightly lighter shade for the 2 EMAs for the boundaries. I am on a laptop screen so probably you guys are seeing a more transparent CZ than I am.

Anyways for a transparent CZ you could just get rid of the MA shade indicator and plot the 2 EMAs separately. Hope I did not misconstrue the question B...

g.
I believe . . .
  • #233
  • Sep 17, 2010 12:15am Sep 17, 2010 12:15am
Quoting ghous
Transparent? I gave it a very deep blue shade with a slightly lighter shade for the 2 EMAs for the boundaries. I am on a laptop screen so probably you guys are seeing a more transparent CZ than I am.

Anyways for a transparent CZ you could just get rid of the MA shade indicator and plot the 2 EMAs separately. Hope I did not misconstrue the question B...

g.
After trying with multiple color combinations, I fianlly gave up.. removed shade indicator. looks more cleaner and all the tiny details are visible
  • #234
  • Sep 17, 2010 12:17am Sep 17, 2010 12:17am
Quoting ghous
I did trade the system on the 1H for a month or two. In fact I did the first introductory videos for the system on 1H setups (that I had put up in my journal at the PF) but like I have previously mentioned 4H is where I "found" the strategy and I can still confidently say it works best on 4H and above.

g.
Yes. it would be very difficult to look at them on H1 charts constantly.. may not be practical..

H4 and up looks more practical.

For me, personally, only Daily and weekly works( for any strategy).
  • #235
  • Sep 17, 2010 12:36am Sep 17, 2010 12:36am
Quoting cprao
Yes. it would be very difficult to look at them on H1 charts constantly.. may not be practical..

H4 and up looks more practical.

For me, personally, only Daily and weekly works( for any strategy).
Higher TFs rule!
I believe . . .
  • #236
  • Sep 17, 2010 12:51am Sep 17, 2010 12:51am
Quoting cprao
I also took this trade as ET4. I did realize that the close of the BUOB is not strong. Still, since the pair bounced up from 1.55, I felt it has wings to move up.
I played with traditional setup.. Will get to BE if and when the price reaches to 1.57.
Set to BE.
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  • #237
  • Sep 17, 2010 1:11am Sep 17, 2010 1:11am
I had "Top Gear" staff ring my door bell. They wanted my latest Veyron for their show and being the soft hearted person I am I handed over the keys.

enjoy.

http://www.streetfire.net/video/top-...p4_2042072.htm

(on a serious note, I never look at these videos as just "Wah! I wish!!" type stuff. I know I want to get in that seat and that urge is more than just a wish or a night dream )

g.
I believe . . .
  • #238
  • Sep 17, 2010 1:17am Sep 17, 2010 1:17am
Quoting ghous
Talking about stocks...

Look at Coca Cola go!! (weekly FXpro)

ET4 BUB (bullish bar)

g.
Remember this from the first page?



g.
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I believe . . .
  • #239
  • Sep 17, 2010 1:28am Sep 17, 2010 1:28am
Turns out only 1 of the 2 full bars losses that I had on the 2 euro crosses were actually genuine losses.

Did a video on my findings and learning experience. (720p)

Inserted Video


g.
I believe . . .
  • #240
  • Sep 17, 2010 7:42am Sep 17, 2010 7:42am
Quoting ghous
1H charts give the most precise details of all the entry entry requirements needed for the aggressive entry methods. The reason I gave up 1H charts was that there were far too many signals that had to filtered through a weak grasp on the system.

A+ for sure Donkey but I don't want you to get carried away by the 1H charts.

g.
No worries ghous, I don't normally even look at the 1H charts. I was clicking through some charts and actually went into 1 hour by mistake and the bar/constriction just hopped right off the screen. At this stage in my learning, I consider just seeing a setup in real time a huge win.

I have 2 demo accounts, my main for classic J16 - pins and outside bars exclusively. I have another that play around with other stuff, mostly intended for constrictor and breakouts. When I am happy with my J16 progress, I'll go live with a very small account....probably a few months away ate earliest. I am glad to be tracking constrictor though, because I have had some success in my demos thus far.

Also, 4H and above only for all trades with the demo acct.
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