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5 Min TrendPipper - with Hull, Ema and Pivots

  • #241
  • Apr 13, 2011 8:20am Apr 13, 2011 8:20am
Quoting bubola
i would have closed long before that, at that high wave candle that hit previous several highs and yesterday's high, and got rejected. again, nice divergence on RSI flagged end of the move.
thanks bubola,
next time i would pay close attention to long wick candle.should have listen to price action instead of hoping the trend to follow in my direction
  • #242
  • Apr 13, 2011 9:43am Apr 13, 2011 9:43am
my trades always compared with the method of Julie.

Renko system coupled with the system of Julie might be a good filter.

I test and I will inform you.


(You can see 2 trades negative because I'm a little stupid sometimes)
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  • #243
  • Apr 13, 2011 9:34pm Apr 13, 2011 9:34pm
Quoting kdx
Pipdude, are you using the settings of 1 20 1 1...
also, as for use of ema bands. i use them as S/R on pullbacks, for possible trade entry.
  • #244
  • Apr 13, 2011 11:40pm Apr 13, 2011 11:40pm
Quoting Figaro
Hi everybody,

Can you post your actual results with this system (not just positive) because testing this method for 3 days in strictly applying the rules, for me it looks like the casino (50/50). In addition, input signals are generally contrary to the signals that are given to me by my system that has a score of 70/30.

Julie thank you for your work
Hi figaro can you post a chart please where you think it is 50/50 because that has not been my experience. I have posted quite a few charts where i mark all the signals and entries and usually it only has either 1 or 2 losing trades and often none. This is on the GBPUSD, can you tell us which currency and session time you talking about as this also affects the outcome.

Sometimes people have thought there was a trade when in actual fact they are going against my rules so please post a chart when making an observation for us all to see and discuss. It will also help us to refine the rules if we can see how it works on "losing" days.

Sorry haven't had time to post charts of last few trading days as I am on holiday.
  • #245
  • Apr 14, 2011 12:05am Apr 14, 2011 12:05am
Quoting kdx
Thanks for the reply, yes that was my point I've noticed on several occasions the dots change during and after the close of the candles when I say change for eg if looking at nolag ma30 it suddenly changes green for say 3 dots than all of a sudden the green dots are wiped and they are all red what good is that yes you may see a sudden burst in price in the opposite direction but that does not help. Repainting to that extreme is not going to give a clear picture especially when backtesting.

[color=black][font=Verdana]All...
Hi KDX,

I have not seen the Nonlag's repaint, the last square of all 3 of the non lags are only set after the candle closes, so you can sometimes see all 3 being green and if price suddenly drops all 3 will turn red and when candle closes may stay red unless price reverses in the same candle, I have not seen it go back and change colour of earlier nonlags after candles close, which would be repainting. Would all users of this system please check to see if they agree with me, as i for one, do not like using repainting indis.

If you put the nonlag back on the chart you can see this quite clearly as the MA line moves up and down and changes colour as the current price fluctuates. Particularly evident in high volatility. This to me just confirms we need to wait for close of candle before making trading decision.

J
  • #246
  • Apr 14, 2011 12:32am Apr 14, 2011 12:32am
Quoting julie1585
Hi KDX,

I have not seen the Nonlag's repaint, the last square of all 3 of the non lags are only set after the candle closes, so you can sometimes see all 3 being green and if price suddenly drops all 3 will turn red and when candle closes may stay red unless price reverses in the same candle, I have not seen it go back and change colour of earlier nonlags after candles close, which would be repainting. Would all users of this system please check to see if they agree with me, as i for one, do not like using repainting indis.

If you put the nonlag...
Hi Julie,

Just to confirm that the indicator I posted does NOT repaint. Once the candle is closed the colour of the blocks "on the left" will not change. Obviously during any open candle the colour may change because of price changes.
Wait for closed candle for confirmation of 3 blocks in the same colour and then look at PA with the opening of the next candle is the way to go.
" Never let the past hold the future to ransom "
  • #247
  • Edited 12:50am Apr 14, 2011 12:42am | Edited 12:50am
Quoting vyrexus
Have a winning trade on gu.
Attachment

too bad eu hit sl
Attachment

should have close the eu earlier when the ma(50) turn to red?
anyone have opinion
Hi Vyrexus,

I would like to comment on your losing Euro trade, there were multiple exit points, all well BEFORE sl would have been hit.

Firstly i think you took some profit at (your..see PS) R1 which was fine, and it went on to touch YH, when it failed to cross above, and it produced multiple dojis and some bearish engulfiing candles, I would have exited balance of trade at either R1 or YH and especially after the last bearish engulfing.

Even if you didn't exit then, you had 15 NL turning red as a warning and 30NL then turning red which is 2 nonlgs red, and finally all 3 nonlags turned red which is a signal short.

The nonlags are your guide of new direction, not only for entry but for exit. Please read the exit criteria on the first page. exits are Pivots, 2 nonLags or signal other way. You had all before stop loss
J

PS I am not absolutely sure but I think your pivots may not be correct, my pivot indicator (which shows yesterdays) doesn't not have R1 at the same place as yours, if you are using TDxPivots please change to daily pivots not fibo pivots.
  • #248
  • Apr 14, 2011 1:13am Apr 14, 2011 1:13am
hi julie,

glad to see you here. how's queensland? i like to start my trading at asian open. 2 winners with eurusd. 1st entry short +20, then long, which is still going. entries were on close of signal candle or on pullback.
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  • #249
  • Apr 14, 2011 1:27am Apr 14, 2011 1:27am
eurusd long 1st exit +70, price has move 101 pips since asian open, current ATR 103.
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  • #250
  • Apr 14, 2011 1:34am Apr 14, 2011 1:34am
julie,

same image of eurusd chart, but with different version of nonlag indi, they present data differently, hmm, strange. any comments on this?
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  • #251
  • Apr 14, 2011 1:52am Apr 14, 2011 1:52am
julie,

never mind on indi's, my settings were wrong. looks ok, now.
  • #252
  • Apr 14, 2011 2:58am Apr 14, 2011 2:58am
Quoting pipdude
hi julie,

glad to see you here. how's queensland? i like to start my trading at asian open. 2 winners with eurusd. 1st entry short +20, then long, which is still going. entries were on close of signal candle or on pullback.
Hiya Pipdude,

Queensland is great thanks, but busy dancing alot in the evenings so may have to consider trading early asian while i am here. You seem to be doing well in that session.

But gee guys what you trying to do to me and my system, first its nonlags are repainting, then it has discrepancies, lol I dunno. I am glad it doesn't repaint nor have discrepancies though. Thanks Glenegle for confirming, I never thought it did, just needed someone to confirm.

Off dancing now, will try trade Asian tomorrow.
J
  • #253
  • Apr 14, 2011 3:23am Apr 14, 2011 3:23am
Hi Julie

I think I did point out that I had not been using indi's for a very long time Its only the past 2-3 months I have gone to much smaller timeframes and added indi's as I traded of larger timeframes so Maybe it was me as the dots change very quickly. I'm pleased they dont repaint as I've said this method works. To further Improve accuracy I use PA, candle patterns I trade 1m for entry 5m for setup charts.




Quoting julie1585
Hiya Pipdude,

Queensland is great thanks, but busy dancing alot in the evenings so may have to consider trading early asian while i am here. You seem to be doing well in that session.

But gee guys what you trying to do to me and my system, first its nonlags are repainting, then it has discrepancies, lol I dunno. I am glad it doesn't repaint nor have discrepancies though. Thanks Glenegle for confirming, I never thought it did, just needed someone to confirm.

Off dancing now, will try trade Asian tomorrow.
J
  • #254
  • Apr 14, 2011 3:51am Apr 14, 2011 3:51am
good start for today!
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  • #255
  • Apr 14, 2011 4:07am Apr 14, 2011 4:07am
nice
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  • #256
  • Apr 14, 2011 4:08am Apr 14, 2011 4:08am
no losers so far
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  • #257
  • Apr 14, 2011 4:55am Apr 14, 2011 4:55am
hi, an awful london session for g/u. i ignored all long signals, as we were already near max ADR, and i saw RSI divergence. i hesitated a little to go short, i wasn't sure we would break out of the range. 2 lots out at +15, 3rd lot closed manually when price went back to R2.....and now of course it drops like a stone
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  • #258
  • Apr 14, 2011 7:56am Apr 14, 2011 7:56am
eurusd short 1.4491 closed +100, long 1.4397
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  • #259
  • Apr 14, 2011 8:33am Apr 14, 2011 8:33am
Quoting pipdude
eurusd short 1.4491 closed +100, long 1.4397
Hi pipdude,
Appreciate if you can share your template. I am using julie template.
I want to compare because on my chart there is indeed a sell signal for eu, but the price didn't retrace to ma(20), so no entry for me.

edited: sorry notice on your earlier post you are using ma(13), but still appreciate if you can share yours.

thanks
  • #260
  • Apr 14, 2011 10:26am Apr 14, 2011 10:26am
Quoting julie1585
Hi Vyrexus,

I would like to comment on your losing Euro trade, there were multiple exit points, all well BEFORE sl would have been hit.

Firstly i think you took some profit at (your..see PS) R1 which was fine, and it went on to touch YH, when it failed to cross above, and it produced multiple dojis and some bearish engulfiing candles, I would have exited balance of trade at either R1 or YH and especially after the last bearish engulfing.

Even if you didn't exit then, you had 15 NL turning red as a warning and 30NL then turning red which is...
thanks julie, i have change the template with your latest update.
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