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True Trading Tactics

  • #201
  • Feb 9, 2012 3:16pm Feb 9, 2012 3:16pm
Hi Kraven,

Can this strategy be implemented for binary options trading which have expiries below 1 hour usually?
  • #202
  • Feb 9, 2012 3:17pm Feb 9, 2012 3:17pm
Quoting finnsol
Hi Steve,

I prefer the attached ADRindicator now.
Try it

finnsol
Hi finnsol (or any other, for what it matters),

thanks for this indicator, which, anyway, is something completely different from the one posted before on this thread.
After a (very short, admittedly) search around, I am quite confused bacause I even found different and conflicting definitions of the ADR indicator (where ADR stays for "Average Daily Range"; there is even an "Advance Decline Ratio" which of course has nothing to do with what we're speaking about). Normally the ADRs I found are calculated as a single line, in different ways but always quite consistent with the idea of averaging somehow the range of daily movements of price over certain periods/different modalities.

Now, my problem is: both the indi's presented here have two levels. Second: your's and the previous are NOT the same thing, just based on the parameters: one requires an ATR period, the other a certain n. of days...

So, please: can you at least indicate some reference for home study?

Bye

BL
πάντα δοκιμάζετε τὸ καλὸν κατέχετε
  • #203
  • Feb 9, 2012 3:50pm Feb 9, 2012 3:50pm
Quoting bobbywhite
Hi Kraven,

Can this strategy be implemented for binary options trading which have expiries below 1 hour usually?
No idea bobby.
  • #204
  • Feb 9, 2012 4:30pm Feb 9, 2012 4:30pm
Quoting betterlife
Hi finnsol (or any other, for what it matters),

Now, my problem is: both the indi's presented here have two levels. Second: your's and the previous are NOT the same thing, just based on the parameters: one requires an ATR period, the other a certain n. of days...

So, please: can you at least indicate some reference for home study?

Bye

BL
Hi BL,
You don't need to be confused.
The parameter in both indicators is the same thing.
eintAdrDays = ATRperiod
A common value is 14.
22 corresponds to a month.
I prefer 40.

finnsol
  • #205
  • Edited 6:28pm Feb 9, 2012 6:27pm | Edited 6:28pm
Been paper trading and I am now convinced

Going live as of Tuesday, and will post results here.
Thanks again Kraven.
Paul.
  • #206
  • Edited 8:11pm Feb 9, 2012 7:54pm | Edited 8:11pm
Quoting kraven
RM I actualy entered this trade around the time i typed the my last message, but i moved my stop to BE as i was going to bed, shame. hope you had better luck as it was a nice run.
remember all, you don't have to bail at the next wrong candle, it was only a suggestion. if you have a different exit tactic then great. A lot of the time i just set my TP to a previous high or 100ma etc..
Believe or not, but the best exit tactic in the world is 1:1 RR, i have been searching the best exit tactics for years and can't find the best one except this 1:1 RR.....This Business like marathon not a sprint, even 25-50 pips a day is very good pips for me.....

But let say we have an alternative exit tactic design for this strategy:
Based on your TP criteria (TP generally the lenght of the reversal candle)
If price reach 1:1 RR move to BE.....
If price reach 1:2 RR move to 1:1.....
If price reach 1:3 RR move to 1:2.....
It would be nice if @betterlife add this visual TP feature in the reversal bars indie.....
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #207
  • Feb 9, 2012 8:11pm Feb 9, 2012 8:11pm
Quoting RoelsMajor
Believe or not, but the best exit tactic in the world is 1:1 RR, i have been searching the best exit tactics for years and can't find the best one except this 1:1 RR.....This Business like marathon not a sprint, even 25-50 pips a day is very good pips for me.....
Depends on time frame doesn't it? not to mention position size?

Say, what if, see the chart, your system gives signals that are MUCH better than 1:1 Risk / Reward?

Sure, depending on stops, this may have had 1 loss, but surely catch the move with re-entry at arrow?

And then, what if you then added a small position every time it broke the previous day's high... and / or the previous position was at risk free level?

No, I didn't trade this, but sure watching for the reversal on some pairs, a run like this will make a good profit, just saying, more than one way to skin a cat....

Attached Image (click to enlarge)
Click to Enlarge Name: what_if.png Size: 33 KB
It takes a lot for me to IGNORE you, but you can try.
  • #208
  • Feb 9, 2012 8:23pm Feb 9, 2012 8:23pm
Quoting Erebus
Depends on time frame doesn't it? not to mention position size?

Say, what if, see the chart, your system gives signals that are MUCH better than 1:1 Risk / Reward?

Sure, depending on stops, this may have had 1 loss, but surely catch the move with re-entry at arrow?

And then, what if you then added a small position every time it broke the previous day's high... and / or the previous position was at risk free level?

No, I didn't trade this, but sure watching for the reversal on some pairs, a run like this will make a good profit, just saying,...
I am updating my post above
Yes depend on time frame but like kraven criteria stick to Daily or just H1....
And kraven criteria has re-entry trade, but after all i think totally different way if you say it on this alternative trade exit, why should we open another trade in the same pair when the trade still develop?

Quote
But let say we have an alternative exit tactic design for this strategy:
Based on your TP criteria (TP generally the lenght of the reversal candle)
If price reach 1:1 RR move to BE.....
If price reach 1:2 RR move to 1:1.....
If price reach 1:3 RR move to 1:2.....
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #209
  • Feb 9, 2012 8:47pm Feb 9, 2012 8:47pm
EU Buy Signal.....for "just 20 pips".....
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #210
  • Feb 9, 2012 8:48pm Feb 9, 2012 8:48pm
Quoting RoelsMajor
I am updating my post above
Yes depend on time frame but like kraven criteria stick to Daily or just H1....
And kraven criteria has re-entry trade, but after all i think totally different way if you say it on this alternative trade exit, why should we open another trade in the same pair when the trade still develop?
Yes, you are totally right, I was replying to the context of your post rather than the overall concept & method of this thread, excuse me while I catch up on the relevant content, thanks, E.
It takes a lot for me to IGNORE you, but you can try.
  • #211
  • Feb 9, 2012 8:54pm Feb 9, 2012 8:54pm
Quoting RoelsMajor
EU Buy Signal.....for "just 20 pips".....

cannot see a buy signal on eu....
  • #212
  • Feb 9, 2012 8:57pm Feb 9, 2012 8:57pm
Quoting Erebus
Yes, you are totally right, I was replying to the context of your post rather than the overall concept & method of this thread, excuse me while I catch up on the relevant content, thanks, E.
No need to say sorry Erebus....nothing wrong and all relevant catch up.
"Experienced traders control risk, Inexperienced traders chase gains."
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #213
  • Feb 9, 2012 9:04pm Feb 9, 2012 9:04pm
Quoting whatfx
cannot see a buy signal on eu....
http://i600.photobucket.com/albums/t...10February.jpg
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #214
  • Feb 9, 2012 9:10pm Feb 9, 2012 9:10pm
Quoting pip trader
entered sell again at 800 double top and there is signal candle in 15 min chart... lets see
yesterday was an example got to take the take the perfect candle with same pips high and the second one reverses.... enter the break of reverse candle.

second scenario with high success rate is reverse candle with long wick and closes below the open..

Cheers to this startergy.. am loving it.....
Holy Grails! Do exist with a proper forex plan
  • #215
  • Feb 9, 2012 9:34pm Feb 9, 2012 9:34pm
i just typed out a big reply to some of the posts and deleted it by mistake...

anyway Erebus i sometimes trade the way you say (on dailys) getting in, staying in, and then adding on pullbacks. but this takes nerves of steel when it's real money. look a NU daily at the bottom of current uptrend, i got in on that. but when you see 80pips turn into less then 50pips and your profit starts to drop it's tuff to hang in. if i had stopped in and added to continuations i'd have enough pips for the year. i find a lot of traders forget they can take bits of profit off there lot size. so i often do this now.

RoelsMajor lets not forget a very simple move. after 10pips move the SL from above the reversal candle to above the breakout candle (just something i like to do now and again)

some nice comments on the thread about this simple system. glad people like it. remember you can be choosey with your choices of entry (i keep saying this as its true)

I'm still in EJ (no one posted, did anyone else enter?)
Attached Image (click to enlarge)
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  • #216
  • Edited 9:39pm Feb 9, 2012 9:38pm | Edited 9:39pm
kraven do u mean short EJ if yes am inn
  • #217
  • Feb 9, 2012 9:41pm Feb 9, 2012 9:41pm
Am in as well from the reversal candle yest... what is your TP Traven. what is the signal indicator you are using on the bottom of your charts...
Holy Grails! Do exist with a proper forex plan
  • #218
  • Feb 9, 2012 9:44pm Feb 9, 2012 9:44pm
here is my set-up hope it work well
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 10 02 2012.gif Size: 24 KB
  • #219
  • Feb 9, 2012 9:48pm Feb 9, 2012 9:48pm
Quoting RoelsMajor
http://i600.photobucket.com/albums/t...10February.jpg
Hello RM
I'm struggling with this trade. if anything the blue candle needs to be broken to the upside.
I've actualy missed some legit daily sells on GU, AU and NU (although this is in a strong channel)...all against a strong trend though...but i've took the GU
  • #220
  • Edited 10:06pm Feb 9, 2012 9:55pm | Edited 10:06pm
tiwa you seem to keep missing the entry. it was below the red pi at the top of the range (reversal candle) see my last pic...you seem to keep entering on a continuation.

PT i'm going to take half at 102.80...take more at 102.51 (then move sl to 102.80)...let rest go.

***look at my pic, i actualy got in late and got a good price.
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