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Fratelli Intraday trading system

  • #1,301
  • Nov 23, 2011 5:29am Nov 23, 2011 5:29am
Quoting mazingaz
I agree with you, we should take all signals that come along and forget about all the technical analysis around, this is just a probability game where the odds with this system are definitely on our side, you just don't know whether the next signal will be a winner or not but you now there is good chance it will be profitable.

Today I would have not taken all those shorts on support... I followed Fratelli signals and now I have 60 pips in the bag, not bad at all...

We still could have a look at finding the best setting for the supertrend. I feel...


__________

isnt an EA the answer then, if you dont analysis and trade by the system rules only
Trouble is they never seem to give the good returns expected , -Im scared of this statement as we are implying that if it works as per the system rules and nothing else then we have found the HG
Id like your thoughts on this please, DK and Gleneagles

__________
  • #1,302
  • Nov 23, 2011 5:41am Nov 23, 2011 5:41am
This is a Price Action system and Technical Analysis should be an important part and taken into consideration when a Frateli signal appears. Just my opinion.

Harry
  • #1,303
  • Nov 23, 2011 5:45am Nov 23, 2011 5:45am
Quoting Harry123
This is a Price Action system and Technical Analysis should be an important part and taken into consideration when a Frateli signal appears. Just my opinion.

Harry
No it shouldnt, the system has been tested strictly on the law of averages, and the odds. Like i said if you start doing what you said you wouldnt be in the profits im in now, because of this breakdown in support, 60 pips in a matter of mins, covered my losses and some. Peter has asked to keep this strictly to the Fratelli rules laid out ONLY!!! he even said ignore news, his testing was done through all conditions in the set sessions, regardless of support, resistence, gartleys and picassos brand new artwork.
So please until PEter introduces analysis of such into it, just stick to the rules, thanks
Dean
  • #1,304
  • Nov 23, 2011 5:45am Nov 23, 2011 5:45am
Hello to all.

This is my first post here in FF, but I follow this thread from the beginning. I have an idea that maybe of interest to Peter. I've done some backtesting to the system and I realized that I've noticed that sometimes the system fails when the MACD cross the yellow line. My idea is shown in some pictures bellow.

PS. My english sucks. Sorry.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ejemplo1.png Size: 30 KB
Click to Enlarge Name: ejemplo2.png Size: 25 KB
Click to Enlarge Name: ejemplo3.png Size: 14 KB
Click to Enlarge Name: ejemplo4.png Size: 24 KB
Click to Enlarge Name: ejemplo5.png Size: 16 KB
  • #1,305
  • Nov 23, 2011 5:46am Nov 23, 2011 5:46am
I would suggest to use also a Volume indicator to understand if the market is in a ranging phase or not.
  • #1,306
  • Nov 23, 2011 5:49am Nov 23, 2011 5:49am
Peter, I not found anywhere why you choose M10 timeframe? Is there any special reason?
  • #1,307
  • Nov 23, 2011 5:56am Nov 23, 2011 5:56am
Q about tommarrow bank holiday do u trad or not??
  • #1,308
  • Nov 23, 2011 6:05am Nov 23, 2011 6:05am
Attached Image (click to enlarge)
Click to Enlarge Name: chart-1.gif Size: 22 KB
"Be the change that you wish to see in the world." --Gandhi
  • #1,309
  • Nov 23, 2011 6:06am Nov 23, 2011 6:06am
suggestions?

I see in both re-enter arrow and 3 rules ok
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 23:11 - 13.03 - EU - S - .png Size: 33 KB
Click to Enlarge Name: 23:11 - 13.03 - EJ - S.png Size: 33 KB
  • #1,310
  • Nov 23, 2011 6:08am Nov 23, 2011 6:08am
I'm still not filled on that.... just a hair's width away though....

What do you mean by suggestions?
Small disciplines repeated with consistency lead to great achievements.
  • #1,311
  • Nov 23, 2011 6:11am Nov 23, 2011 6:11am
Quoting kolesar007
Peter, I not found anywhere why you choose M10 timeframe? Is there any special reason?
Had you read the manual??
  • #1,312
  • Nov 23, 2011 6:15am Nov 23, 2011 6:15am
Hi All,

Another 45 mins for New York Open. My trades so far....

AUD/USD = -20 Pips
AUD/USD = BE+1 Pips
AUD/USD = +20 Pips

EUR/JPY = -7 Pips
EUR/JPY = -20 Pips
EUR/JPY = +20 Pips

EUR/USD = -9 Pips
EUR/USD = BE+1 Pips

Total = -14 Pips

Recovered ok. It will be nice if we close with Positive pips today.

--Netwatchpips
  • #1,313
  • Nov 23, 2011 6:17am Nov 23, 2011 6:17am
Quoting netwatchpips
Hi All,

Another 45 mins for New York Open. My trades so far....

AUD/USD = -20 Pips
AUD/USD = BE+1 Pips
AUD/USD = +20 Pips

EUR/JPY = -7 Pips
EUR/JPY = -20 Pips
EUR/JPY = +20 Pips

EUR/USD = -9 Pips
EUR/USD = BE+1 Pips

Total = -14 Pips

Recovered ok. It will be nice if we close with Positive pips today.

--Netwatchpips
this is mine for today

Fratelli
eu- -20
au -20
ej +3.1
eu +8.1
au +8.6
au +20
ej +20
eu +20

total = +39.8
  • #1,314
  • Nov 23, 2011 6:17am Nov 23, 2011 6:17am
Short on EU and EJ according to rules. Anyone else?
  • #1,315
  • Nov 23, 2011 6:18am Nov 23, 2011 6:18am
hello dean and peter.
the short arrows, are not accectly above the candles, it is between the candles.
Attached Image (click to enlarge)
Click to Enlarge Name: forex gejordan.gif Size: 15 KB
  • #1,316
  • Nov 23, 2011 6:18am Nov 23, 2011 6:18am
Quoting Olarion1975
Short on EU and EJ according to rules. Anyone else?
Never got filled initially, but price went back searching for some more supply and now just filled my EU, lets see
Small disciplines repeated with consistency lead to great achievements.
  • #1,317
  • Nov 23, 2011 6:18am Nov 23, 2011 6:18am
Quoting deankenny21
this is mine for today

Fratelli
eu- -20
au -20
ej +3.1
eu +8.1
au +8.6
au +20
ej +20
eu +20

total = +39.8
can you post your charts?
  • #1,318
  • Nov 23, 2011 6:19am Nov 23, 2011 6:19am
Well.. it all depends on how one defines the RANGE..


We got absolute life-less PA range and we got stall time after a move, which almost look the same like a range but with a kicker… meaning , some momentum is still alive for a possible continuation..
Watch the chart below as the ej chart clearly explains the difference between the two range zone.. ( I know mine is a 5m chart but you get the idea)

To help to you see this besides just naked eye is your 89ma and arrow.. look at their positions yesterday and their positions today.. then clearly you’ll realize that today’s range is not a life-less/direction-less range as it was yesterday’s range, and that is why it had a higher probability chance to drop than yesterday’s when it was totally flat..
Trading inside a flat range is detrimental for any intraday trading system especially this one.
This is just a demonstration and something to think about or consider while you all are working so hard to make this a higher probability system.

I hope you’ll find it useful.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 138.gif Size: 52 KB
Click to Enlarge Name: 137.gif Size: 43 KB
  • #1,319
  • Nov 23, 2011 6:19am Nov 23, 2011 6:19am
Quoting Olarion1975
Short on EU and EJ according to rules. Anyone else?
I'm in
  • #1,320
  • Nov 23, 2011 6:21am Nov 23, 2011 6:21am
Quoting Danyjoe
can you post your charts?
some of the charts can be found on my thread
http://www.forexfactory.com/showthre...=1#post5159893
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