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  • #6,181
  • May 17, 2012 7:21am May 17, 2012 7:21am
Quoting jonander50
http://s2.subirimagenes.com/imagen/p...6sin-ttulo.png

And it's probably that your first question will be "why did you didnt enter at candle" Well, supossely we are looking for big candles and continuation. So i waited, the speed apprears one time and I operated, and again it appeared and i operated, failing twice. My reaction has been: Are you kidding me? Where are the cameras? lol.. at the first moment I opened the position it moves up. I think...

The only advice I can give you is to enter with a 1.2 pip SL on candles like that. TP is 400 pips, try again
Invest in alarm clocks
  • #6,182
  • May 17, 2012 7:34am May 17, 2012 7:34am
One last question: you really spend hours and hours in front of the chart or do things like view web pages? I have half of the browser screen and the other the chart, and when I see a rapid movement to the eye immediately I focus on the graph. The question was just out of curiosity.
  • #6,183
  • May 17, 2012 8:56am May 17, 2012 8:56am
Quoting jonander50
One last question: you really spend hours and hours in front of the chart or do things like view web pages? I have half of the browser screen and the other the chart, and when I see a rapid movement to the eye immediately I focus on the graph. The question was just out of curiosity.
I almost missed the move posted on my last chart (the one that went about 100 pips) because I was watching some failblog videos lol. I remain very alert though ... the only times I watch now is from 8am to 10am ny... that's when you get the most valid breakouts... they are generated by speeches or unscheduled news
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  • #6,184
  • May 17, 2012 11:33am May 17, 2012 11:33am
Really? Wow, I did not expect so little time. Well, the question is that I started reading all your posts and references have been made to this concept in general. Apparently you've always moved in it, the virus system, the L.. all are based on the same idea.

My approach to your idea is this: Basically expect a market situation where there is almost no volatility (a flat line, ranging from 2 pips, et cetera) and then a candle appears much larger than the others, that indicates any institution operating. You go in that direction, place your stop loss to 0 as fast as possible and free trade. Then you just take the stop as a function of several factors, how tired you are, whatever you want .. but your money is insured.

I have photographed many of my operations, and you can download here: http://www.4shared.com/zip/Ib2O5fbj/eurusd.html

I'm not willing to spend two hours, but 23 if necessary. I just need a guide to do well, because the rules do not work as they are posted, and there in the zip the evidence.

When I came to this post first started to test the system that is currently in the first page and had a 20% drawdown, plus several messages by users who do not continue this way because he would lose the little money I have.

I guess you now will not have the kind of economic problems that I have because you worked without sleep for nights, and finally got to master this, but you left the job in the past and know what is to be without a dollar.

I'm from Spain and we are in crisis. I lost my job, my wife, and thank god I have no children. I'm eating snacks from a machine every morning and sometimes shot the day with a "bollicao" (a type of sweet bun that sell here). I can not go on like this, it's simple. I will master this whatever it costs me.

I'm going to read me all your messages, watch all the graphs, see what works and what not and the reason for each result. Call me obsessive, but if indeed there is hope in a million, I'll take it.

Thank you for your attention and hope you have a good day.
  • #6,185
  • May 17, 2012 9:40pm May 17, 2012 9:40pm
Quoting jonander50
Really? Wow, I did not expect so little time. Well, the question is that I started reading all your posts and references have been made to this concept in general. Apparently you've always moved in it, the virus system, the L.. all are based on the same idea.

My approach to your idea is this: Basically expect a market situation where there is almost no volatility (a flat line, ranging from 2 pips, et cetera) and then a candle appears much larger than the others, that indicates any institution operating. You go in that direction, place your stop...

OK I felt a deep sense of motivation and passion to win here. You will succeed. Just be advised that you'll have to beat the odds... only the strongest and most patient survive the thread. You will either leave the thread when you'll make your first 50K or leave when you ruin 3 times your account. I'm here to help all right?
Invest in alarm clocks
  • #6,186
  • Edited 9:19am May 18, 2012 9:06am | Edited 9:19am
Thanks, you gave me a push. I'm looking at the file I uploaded and I've done by recording all trades because I can see that one of the main reasons is the timing. When suddenly I see a candle 5,6,7,8 .. pips, what I always do is to wait for a pullback. The reason of this is that most operations have been lost due to pullbacks that were created after the big candle, or just after some acceleration, as the central banks or big players wich operate know that you are there and move a few pips to haunt you. And I see that is so because after that small rise (which coincidentally is 3-4 pips) the price moves in a direction favorable.

For now I see two possible solutions to this problem:

- Improve the timing
- Increase my stop loss

To improve the timing I have to do is focus on some non- volatile situations, and just wait, and wait, and wait ... until I clearly feel acceleration. As the acceleration notice, go to get more distance from the possible pullback. I feel that this solution is not good because the fact that there is some acceleration at any given time does not necessarily mean that what we are looking for, it certainly is a continuous acceleration. In any case this should be too obvious. If there is a situation in which the candles are made of 0 pips (flat line) and suddenly explodes continuity, if would enter at once. But I feel that isn't something to be done regularly in any situation, because the market itself do some false breaks, and if we do not clear the continuity we can make are too many false signals and fuck the mathematical expectancy.

With regard to increase my stop loss is the best option, I see now. Violates several principles of the system, as a small stop to let in BE in the shortest time possible and maybe something else, but at least it also makes the system more accurate, but assuming a higher stop loss should be the pullback to close the operation.

I'll start by placing a stop loss of 4 pips to 0.25% risk per pip, and take profit of 300 pips with a trailing 20.
  • #6,187
  • Edited 6:46pm May 18, 2012 6:25pm | Edited 6:46pm
I got 100 pips more today from LO; after almost 4 months, still 28% drawdown, planning to test this 6 more months (1 year total) no matter what. Reading some older posts, I found that somebody had a similar idea as I've been trading this and back tested since 2000. I think 2 years out of 10 or so, were not so good, so it could happen again this time, will see... I feel quite hopeful about it though .
BTW if you guys got in today I have a strong feeling this will be 400 pips bagger, there's a strong magnet at 1.31 before the big drop.
r u ready?
  • #6,188
  • May 19, 2012 8:28am May 19, 2012 8:28am
Quoting rtrs111
I got 100 pips more today from LO; after almost 4 months, still 28% drawdown, planning to test this 6 more months (1 year total) no matter what. Reading some older posts, I found that somebody had a similar idea as I've been trading this and back tested since 2000. I think 2 years out of 10 or so, were not so good, so it could happen again this time, will see... I feel quite hopeful about it though .
BTW if you guys got in today I have a strong feeling this will be 400 pips bagger, there's a strong magnet at 1.31 before the big drop.
yea LO gon finally reach target
Invest in alarm clocks
  • #6,189
  • May 19, 2012 10:56am May 19, 2012 10:56am
Hello guys,

I am checking this thread again and I found interesting this setup that could be more efective. The idea is to still use a very small SL, however, the signal will build up when the price cross the ema 200 with strong velocity...as shown in the picture. This way may be you can get more real 100+ pips signals and possibly a more profitable way of trading this strategy since this may avoid some fake signals in LO and NY Open...

Comments....?

Van

http://i49.tinypic.com/2a5gcw1.png
  • #6,190
  • May 19, 2012 11:35am May 19, 2012 11:35am
Another idea,

The candle pattern shown is very frequent too... this can be used to trigger a signal as well....
It could be used in M15, M30 timeframes...to get more signals... then you go to 1M timeframe and then try to get at least a breakeven.

Van

http://i45.tinypic.com/2ppj2v8.png
  • #6,191
  • May 19, 2012 12:14pm May 19, 2012 12:14pm
Quoting vanhelsing
Hello guys,

I am checking this thread again and I found interesting this setup that could be more efective. The idea is to still use a very small SL, however, the signal will build up when the price cross the ema 200 with strong velocity...as shown in the picture. This way may be you can get more real 100+ pips signals and possibly a more profitable way of trading this strategy since this may avoid some fake signals in LO and NY Open...

Comments....?

Van

http://i49.tinypic.com/2a5gcw1.png
Hi, if I understand right you display a 1H chart. It's hard to use a 1.2 SL on a 1 hour chart, that is why I use a 5 sec chart for that. EMA is a fine tool but I threw all my tools out the window a long time ago. You can still use it for guidance... its a simple study
Invest in alarm clocks
  • #6,192
  • May 19, 2012 12:43pm May 19, 2012 12:43pm
Quoting vanhelsing
Another idea,

The candle pattern shown is very frequent too... this can be used to trigger a signal as well....
It could be used in M15, M30 timeframes...to get more signals...
Yes, as Tony said, you need to check what's happening at 5 sec tf, not H1; you could be stopped many times until PA breaks down, not saying it won't work but needs to be checked. If you want to use 1.2 SL at H1 the best I found were pinbars, 4-500 pips TP (don't have the results though anymore, but it should be fairly easy to back test).
r u ready?
  • #6,193
  • May 20, 2012 11:46am May 20, 2012 11:46am
Quoting Tony112
Hi, if I understand right you display a 1H chart. It's hard to use a 1.2 SL on a 1 hour chart, that is why I use a 5 sec chart for that. EMA is a fine tool but I threw all my tools out the window a long time ago. You can still use it for guidance... its a simple study
You can still use the 5 sec chart to set the order.

The idea is to use the M30 or 1H timeframe as guidance as you said. You can use it as a filter and possibly avoid some of the fake signals, so this way we can obtain much less drawdown levels ...
Maybe it's worth it to backtest it and see what had happened if we filter the trades using the EMA 200 as reference ... just my 2 cents.

Van
  • #6,194
  • May 22, 2012 5:06am May 22, 2012 5:06am
L method applied to CPI:

http://www.subeimagenes.com/thumb/sin-titulo-272831.gif
  • #6,195
  • May 23, 2012 1:43am May 23, 2012 1:43am
hard to survive
Attached Image (click to enlarge)
Click to Enlarge Name: 19.jpg Size: 58 KB
Invest in alarm clocks
  • #6,196
  • May 23, 2012 9:31am May 23, 2012 9:31am
Yes! I waited and waited.. and I took 20 pips in this fall. Maybe it falls more but im ok with it. I have corrected two core errors in my trading: So thigh stop loss (maybe i change to 2 or less, its all about practice) and the BE. I waited to another wave to move my stop and I finally did! I will wait for more 8 pip candle + continuation. Continuation is important. Sometimes I dont enter because at candle finish, the force was gone.

http://thumbs.subefotos.com/e0cdaf10...c890f7dc4o.jpg
  • #6,197
  • May 23, 2012 9:38am May 23, 2012 9:38am
Support at 1.2577. If I see another big candle I will jump with tigh SL.
  • #6,198
  • May 23, 2012 9:42am May 23, 2012 9:42am
Got bitten with -4 pips Well, enough for today.
  • #6,199
  • Edited 2:52am May 24, 2012 2:42am | Edited 2:52am
+16

http://i46.tinypic.com/zl7tj7.png






I took a look for proportions too. It's not the same fact a 8 pip candle in a 6 pip candle average scenario than a 5 pip candle in a 1 pip candle scenario, because the desviation in the first case is about 33,3% average and the second about 500% taller than average. I think what we're looking is proportions, not mechanically look for a X pip candle and continuation only.

Another important rule I saw to consideer too is to take only the firsts 8-10 pip candles from a market open. If previously I saw 5 or 6 candles of 8 pips, im not going to take another because the volatility has been created with the first 3 candles. Im going to wait to the NY open to continue trading this way, because I already did some pips in London open.
  • #6,200
  • May 24, 2012 4:40pm May 24, 2012 4:40pm
Hello.

Thanks for sharing that all Tony.

I have a question for you : Why are you not following the rules anymore ?

First post says : Enter @ London open && NY open => Take position into first pip move.

Well, what is the rule now ? Random signals ?
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