No man is free who is not a master of himself. -P.M.-
- #841
- Oct 24, 2011 4:54pm Oct 24, 2011 4:54pm
- | Joined Jun 2010 | Status: Focus And Simplicity | 1,116 Posts
- #843
- Oct 24, 2011 11:55pm Oct 24, 2011 11:55pm
- | Joined Jun 2010 | Status: Focus And Simplicity | 1,116 Posts
No man is free who is not a master of himself. -P.M.-
- #844
- Oct 25, 2011 10:10am Oct 25, 2011 10:10am
- | Joined Nov 2008 | Status: Trader | 1,344 Posts
__Thanks__ MJ
- #845
- Oct 25, 2011 10:17am Oct 25, 2011 10:17am
- | Joined Jun 2010 | Status: Focus And Simplicity | 1,116 Posts
No man is free who is not a master of himself. -P.M.-
- #846
- Edited 10:34am Oct 25, 2011 10:22am | Edited 10:34am
- | Joined Nov 2008 | Status: Trader | 1,344 Posts
What kind of errors if you don't mind my asking?
But I might be mistaken: I think to remember now that I told you once that the Vline alerts will not be readjusted for Live data. (Like MTF indi are all the time readjusted but somewhere I think to recall I would not do that with the Live VLine Alerts.
It's a while ago and I'm not anymore sure - but if that is the case there might be no problem and I was just mistaken by the first look.
Do you remember anything like that?
Pic below the 2 red seem to be wrong: but if it is correct what I think to remember above than it's ok as I watched them and when the 2 closed it was UP but later turned down and the MTF Sto got adjusted (Redrawn).
BTW: maybe this is also something what you saw with wrong entries on the H1 you mentioned (maybe not)
__Thanks__ MJ
- #847
- Oct 25, 2011 10:35am Oct 25, 2011 10:35am
- | Joined Jun 2010 | Status: Focus And Simplicity | 1,116 Posts
No man is free who is not a master of himself. -P.M.-
- #848
- Oct 25, 2011 8:00pm Oct 25, 2011 8:00pm
- | Joined Jun 2010 | Status: Focus And Simplicity | 1,116 Posts
No man is free who is not a master of himself. -P.M.-
aud usd
Can you explain your thoughts behind this short trade? I'm struggling to understand it so please bear with me..
Daily stoch is up so trend is up so I gather this is a CTT trade?
Where you entered the trade (red v line) portions of the 5 min rope were still heading up so would you not have waited for them to come into agreement?
- #850
- Oct 26, 2011 1:55am Oct 26, 2011 1:55am
- | Joined Jun 2010 | Status: Focus And Simplicity | 1,116 Posts
No man is free who is not a master of himself. -P.M.-
- #851
- Edited 10:37am Oct 27, 2011 10:23am | Edited 10:37am
- | Joined Jun 2010 | Status: Focus And Simplicity | 1,116 Posts
No man is free who is not a master of himself. -P.M.-
- #852
- Oct 28, 2011 4:56am Oct 28, 2011 4:56am
- | Joined Jun 2010 | Status: Focus And Simplicity | 1,116 Posts
No man is free who is not a master of himself. -P.M.-
- #853
- Oct 28, 2011 4:59am Oct 28, 2011 4:59am
- | Joined Nov 2008 | Status: Trader | 1,344 Posts
__Thanks__ MJ
- #854
- Oct 28, 2011 5:10am Oct 28, 2011 5:10am
- | Joined Nov 2008 | Status: Trader | 1,344 Posts
BTW: I did some changes which will make the use of templates with my indicators a bit easier.
I have also started on your indi called it: ALPmullin86Var1 so we might have later other stuff with Var2 etc.. (for the big money)
I have also started on your indi called it: ALPmullin86Var1 so we might have later other stuff with Var2 etc..
(for the big money)
__Thanks__ MJ
- #856
- Oct 28, 2011 5:33am Oct 28, 2011 5:33am
- | Joined Jun 2010 | Status: Focus And Simplicity | 1,116 Posts
Hi pmullin86 please be not offended when I point out some of the things I do not like so much (maybe I anyway misinterpret some of the stuff), maybe you take some of this as suggestion of my ideas. Well each one is anyway different.
1. I like his general use of the MTF Stochastic
I probably do it slightly different but all in all I like it
There is nothing to be offended about here as everyone must ultimately find there own approach that they are comfortable with just as the trades I consider the ctt trades is not a system I created or anything but in turn just simply the ideology behind Dredding 82's system but I'm more comfortable using stochastic to see the strength and momentum as opposed to haiken ashi candles but it works for a lot of people so nothing wrong with that...
2. I like his general use of the MA
I personally feel that I would probably give some more consideration to the MA (also I'm inclined in using MTF-Mas)
More consideration in the sense of the slope of the moving averages or solely taking trades based off of the MA's...and mtf ma's are a good idea that I am open to exploring such as applying the 10 ema from the 1 hour, daily and 4 hour on the 5 minute charts which if stochastics show a nice trend whenever the 1 hour ten ema crosses the 4 hour 10 ema can show some good entries and the opposite for the downside...so mtf ma's are something I will be looking into for support and resistance levels....
3. I like his usage of the Stochastic Rope
Thanks
4. I don't particularly like the many counter trend trades and prefer trading trend continuation trades.
(BTW: in my opinion with a MTF setup it is not so easy to say - Where the trend is and what a counter trend is - so for me it is more previous definition: e.g. MA stack ect.. and than try to stick with it)
Sticking with the trend is always good advise for anyone and always safer...So again its no offense as that's just your personal preference and I have myself considered this on many occasions and still often think about it as the idea of countertrend trades initially made me kind of uneasy from the experiences I had before but the method behind it now is trading a rejection of a support or resistance level with a high amount of momentum with the short term trend established to that side so its not really a countertrend trade but just call it such as it does many time oppose the moving averages...but than because of that does have the moving averages stacked on the higher time frames to face as support/resistance so that always makes it a bit more risky...so especially for someone new and trying to find a way in the market than its definitely good advise to stick with the trend...
5. I definitely would not open so many similar positions at the same time.
6. OpenBar Value base indicators:
I really believe (even not much tested yet and I might change my mind later on) that switching to use indicator based on Open Bar values like most in this thread will help to see more correctly what's the real deal.
This is especially true for:
- Past data and not so much for real trading with live data.
- and MTF indicators
for some thoughts read: MTF Alerter and ChartDisplay thoughts! http://www.forexfactory.com/showthread.php?t=287188
Still looking into this further myself but I've recently conveyed a little bit more info about that...and we all know how much you love your open value indicators...lol...
7. BTW: I might look again into his usage of the pivot etc.. not sure yet
So overall, MJ, thanks for all the kind words and such and no worries as I didn't take anything offensively at all as we are all here to make money and have to find our approach that we are comfortable with as none of this that I do is anything new or anything I created....just like you posted a combination of threads and stuff to be read...my ideas are just me piecing together pieces from teb63,spudfyre and dredding82's threads and methodologies to something that I find myself to be comfortable with and nothing more so of course I myself did change things up a bit to my liking just as you with your suggestions so its quite alright...
But good advise...
So all in all I dont take you as a critic at all...its actually nice and makes it more interesting to have someone who shares similar thoughts with trading approaches as me to discuss these things with and it wouldn't make it too interesting if you didn't have ideas or differences of your own...
And you have me really curious and wanting to look into this open value stuff a bit more in depth than I have...
1. I like his general use of the MTF Stochastic
I probably do it slightly different but all in all I like it
There is nothing to be offended about here as everyone must ultimately find there own approach that they are comfortable with just as the trades I consider the ctt trades is not a system I created or anything but in turn just simply the ideology behind Dredding 82's system but I'm more comfortable using stochastic to see the strength and momentum as opposed to haiken ashi candles but it works for a lot of people so nothing wrong with that...
2. I like his general use of the MA
I personally feel that I would probably give some more consideration to the MA (also I'm inclined in using MTF-Mas)
More consideration in the sense of the slope of the moving averages or solely taking trades based off of the MA's...and mtf ma's are a good idea that I am open to exploring such as applying the 10 ema from the 1 hour, daily and 4 hour on the 5 minute charts which if stochastics show a nice trend whenever the 1 hour ten ema crosses the 4 hour 10 ema can show some good entries and the opposite for the downside...so mtf ma's are something I will be looking into for support and resistance levels....
3. I like his usage of the Stochastic Rope
Thanks
4. I don't particularly like the many counter trend trades and prefer trading trend continuation trades.
(BTW: in my opinion with a MTF setup it is not so easy to say - Where the trend is and what a counter trend is - so for me it is more previous definition: e.g. MA stack ect.. and than try to stick with it)
Sticking with the trend is always good advise for anyone and always safer...So again its no offense as that's just your personal preference and I have myself considered this on many occasions and still often think about it as the idea of countertrend trades initially made me kind of uneasy from the experiences I had before but the method behind it now is trading a rejection of a support or resistance level with a high amount of momentum with the short term trend established to that side so its not really a countertrend trade but just call it such as it does many time oppose the moving averages...but than because of that does have the moving averages stacked on the higher time frames to face as support/resistance so that always makes it a bit more risky...so especially for someone new and trying to find a way in the market than its definitely good advise to stick with the trend...
5. I definitely would not open so many similar positions at the same time.
6. OpenBar Value base indicators:
I really believe (even not much tested yet and I might change my mind later on) that switching to use indicator based on Open Bar values like most in this thread will help to see more correctly what's the real deal.
This is especially true for:
- Past data and not so much for real trading with live data.
- and MTF indicators
for some thoughts read: MTF Alerter and ChartDisplay thoughts! http://www.forexfactory.com/showthread.php?t=287188
Still looking into this further myself but I've recently conveyed a little bit more info about that...and we all know how much you love your open value indicators...lol...
7. BTW: I might look again into his usage of the pivot etc.. not sure yet
So overall, MJ, thanks for all the kind words and such and no worries as I didn't take anything offensively at all as we are all here to make money and have to find our approach that we are comfortable with as none of this that I do is anything new or anything I created....just like you posted a combination of threads and stuff to be read...my ideas are just me piecing together pieces from teb63,spudfyre and dredding82's threads and methodologies to something that I find myself to be comfortable with and nothing more so of course I myself did change things up a bit to my liking just as you with your suggestions so its quite alright...
But good advise...
So all in all I dont take you as a critic at all...its actually nice and makes it more interesting to have someone who shares similar thoughts with trading approaches as me to discuss these things with and it wouldn't make it too interesting if you didn't have ideas or differences of your own...
And you have me really curious and wanting to look into this open value stuff a bit more in depth than I have...
No man is free who is not a master of himself. -P.M.-
- #857
- Oct 28, 2011 5:47am Oct 28, 2011 5:47am
- | Joined Nov 2008 | Status: Trader | 1,344 Posts
pmullin86;5081654
So overall, MJ, thanks for all the kind words ....
its actually nice and makes it more interesting to have someone who shares similar thoughts
Yes, I think it's really great that you opened your thread (already about 8 month ago how time rushes) it surely stimulated my thinking again.
with trading approaches as me to discuss these things with and it wouldn't make it too interesting if you didn't have ideas or differences of your own...
Completely agree,
because you have slightly different angles
e.g. your MA where much higher values than what I used and it seems to work nicely for you.
it forces me to recheck and at times to adjust some of my ideas - which is overall a very good thing and makes it also more interested.
Anyway, I hope you are feeling better - I will do some little work on the indi and maybe post a first test version later on.
Last time I got myself a bit confused with the VLines painting so I added this into the docu for next time ...
So overall, MJ, thanks for all the kind words ....
its actually nice and makes it more interesting to have someone who shares similar thoughts
Yes, I think it's really great that you opened your thread (already about 8 month ago how time rushes) it surely stimulated my thinking again.
with trading approaches as me to discuss these things with and it wouldn't make it too interesting if you didn't have ideas or differences of your own...
Completely agree,
because you have slightly different angles
e.g. your MA where much higher values than what I used and it seems to work nicely for you.
it forces me to recheck and at times to adjust some of my ideas - which is overall a very good thing and makes it also more interested.
Anyway, I hope you are feeling better - I will do some little work on the indi and maybe post a first test version later on.
Last time I got myself a bit confused with the VLines painting
so I added this into the docu for next time ...__Thanks__ MJ
- #858
- Oct 28, 2011 5:58am Oct 28, 2011 5:58am
- | Joined Jun 2010 | Status: Focus And Simplicity | 1,116 Posts
pmullin86;5081654
[color=Blue]So overall, MJ, thanks for all the kind words ....
its actually nice and makes it more interesting to have someone who shares similar thoughts
Yes, I think it's really great that you opened your thread (already about 8 month ago how time rushes) it surely stimulated my thinking again.
with trading approaches as me to discuss these things with and it wouldn't make it too interesting if you didn't have ideas or differences of your own...
Completely agree,...
If you don't mind my asking what moving average periods do you use???
And thanks I do feel better lemon and honey always does the trick...
No man is free who is not a master of himself. -P.M.-
- #859
- Oct 28, 2011 6:17am Oct 28, 2011 6:17am
- | Joined Nov 2008 | Status: Trader | 1,344 Posts
If you don't mind my asking what moving average periods do you use???
And thanks I do feel better lemon and honey always does the trick...
well you know I did not much trading lately and nearly no live trading this year (must get back in the near future to fill up the resources as I don't have a day job since a couple of years.)
So the MAs I was last using (in the beginning of the year - this was the time when I first integrated them too and normal MA's Price closed) where mainly from the:
1.
5Min Intraday System: http://www.forexfactory.com/showthread.php?t=11854
EMA's 10,21
SMA: 50
But I mainly did entries on the M1 at that time.
2.
from 'Hector De Ville' videos ( I mentioned on my indi thread) the
SMA: 30, 50, 100
this was a bit a different approach and I used it on higher timeframes - used also more trendlines and less Stochastic basically a twist on 'Hector De Ville' approach with Stochastic integrated and some other stuff.
(You might want to get hold of his videos I personally liked them and found a couple of good points in them - just don't like the way he promotes them on the internet)
BTW: my old trend indicator was partially based on his approach and videos ( the dashboard you asked me some time ago)
But I will definitely look into your version as it seems to work very well for you.
__Thanks__ MJ
- #860
- Oct 28, 2011 6:19am Oct 28, 2011 6:19am
- | Joined Jun 2010 | Status: Focus And Simplicity | 1,116 Posts
No man is free who is not a master of himself. -P.M.-