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Akuma99 Not So Squeezy Journal

  • #81
  • May 10, 2006 11:50am May 10, 2006 11:50am
Hello Akuma and all others following this thread,

Few days ago I stumbles accross Akuma's indicator suite and I am very pleased with the results. I made few trades so far and all of them ended with a profit.

Right now I am testing the indicators on the EUR/USD 5 min chart, signals look reliable so far, Bollinger Squeeze with its blue bars is doing wonders

Does any one else has some experience with 5 min charts?

Thank you Akuma for this great indicator suite and your excellent daily analysis.

branac
  • #82
  • May 10, 2006 5:05pm May 10, 2006 5:05pm
Akuma,

Dude I am impressed. I have been lurking in your journal thread for a while. I am very impressed with the way your system handled the FOMC news today... looks like you are in a nice little profit... And besides these charts are suitable for framing. Talk about easy on the eyes...

Nice stuff... thanks much, scott
  • #83
  • May 10, 2006 6:41pm May 10, 2006 6:41pm
Thanks smjones and branac, the system has been kind to me over the last year, mind you, this week has been one of it's better ones as we have fantastic trending activity across a lot of pairs, which any system worth its salt should be able to take advantage of.

We may move into some ranging activity in upcoming weeks, at which point the system adjusts itself and hopefully will perform adequately (ranging conditions can be hard to trade).

smjones, perhaps I need to sell my charts as the newest in abstract art .. an earner to boost my account size .. heheh ... I figured I start at the thing so much, might as well make it good to look at
You can quit and they won't care, but you will always know.
  • #84
  • Edited 9:15pm May 10, 2006 8:09pm | Edited 9:15pm
Akuma,

Do you know what your ratio of winning to loosing trades is on this approach?
or maybe the percent of wins? It must be pretty high...
Thanks scott


Quoting Akuma99
Thanks smjones and branac, the system has been kind to me over the last year, mind you, this week has been one of it's better ones as we have fantastic trending activity across a lot of pairs, which any system worth its salt should be able to take advantage of.

We may move into some ranging activity in upcoming weeks, at which point the system adjusts itself and hopefully will perform adequately (ranging conditions can be hard to trade).

smjones, perhaps I need to sell my charts as the newest in abstract art .. an earner to boost my account size .. heheh ... I figured I start at the thing so much, might as well make it good to look at
  • #85
  • May 10, 2006 9:15pm May 10, 2006 9:15pm
smjones, I can only speak from my personal record, as there is still an element of subjectivity to this system so it not something I can mechanically backtest. Personally I average around the 70% (average, sometimes worse, sometimes better) win/loss over the last year, however, I premise this with the acknowledgement that I still fight the urge to close trades early, so I go through periods where my percentage is great, but my average win amount, compared to average loss is ordinary.

In nice trending conditions like we have seen recently, the percentages can be better, this week for example I am at around 80% and roughly 400 pips I think (I don't tally until the end of the week, stops me trying to "protect a good week").
You can quit and they won't care, but you will always know.
  • #86
  • May 10, 2006 9:24pm May 10, 2006 9:24pm

Quote

TRADE TYPE: TRENDING


May 10 | LONG | GBP/USD @ 1.8620 | SL: 1.8551 | TP: 1.8776


This one didn't quite go to plan, it did very briefly test the upper BB it seems on the FOMC announcement, but as it was 4am my time here in Australia, I was not around to catch it (although I doubt I would have been nimble and insightful enough to anyway in real time).

What I did manage to do was tighten my stop before going to sleep, so while it was a loss, not as bad as it could have been this time. Looking back, my concern about whether I had missed the move (As the blue zone had just left) was probably right, the drop from the upper BB before the entry was actually the blue zone move.

http://img119.imageshack.us/img119/7739/trade15b6qi.gif

TRADE RESULT: -24


You can quit and they won't care, but you will always know.
  • #87
  • May 10, 2006 9:46pm May 10, 2006 9:46pm
Akuma,

On more question. Are you using the CCI in the traditional way. ie, for divergences and direction and hooks?

Thanks scott
  • #88
  • May 10, 2006 10:51pm May 10, 2006 10:51pm
Not too sure if it is the traditional way, I use it for zero line crosses, zero line bounces and what I call 100 slides, which simply means the CCI sliding below 100 in a downtrend, or above -100 in an uptrend. I know the first two are commonly used methods by people such as Woodie. I don't use divergence too much, but if I do, then the RSI option I added to the latest version of the squeeze indicator is what I use for that.
You can quit and they won't care, but you will always know.
  • #89
  • May 10, 2006 11:37pm May 10, 2006 11:37pm
Give your posts at the time, before or some time near when you enter the market. There is no point in giving it after you exit or you stop loss. Anyone can pull up past chart and claim he was in the market that time. I know you post as much as you can before entering, but a lot of your posts are after the exit. Totally pointless ones.
  • #90
  • May 11, 2006 12:32am May 11, 2006 12:32am
Quoting Purple
Give your posts at the time, before or some time near when you enter the market. There is no point in giving it after you exit or you stop loss. Anyone can pull up past chart and claim he was in the market that time. I know you post as much as you can before entering, but a lot of your posts are after the exit. Totally pointless ones.
Geeze Purple....that's a bit tough. I'm just pleased that Akuma posts here when he can, because it helps me understand his technique. If you want a tipping service go somewhere else!

Keep up the good work Akuma !!
  • #91
  • Edited 1:57am May 11, 2006 1:47am | Edited 1:57am
Quote
Give your posts at the time, before or some time near when you enter the market. There is no point in giving it after you exit or you stop loss. Anyone can pull up past chart and claim he was in the market that time. I know you post as much as you can before entering, but a lot of your posts are after the exit. Totally pointless ones.

Thansk Flyn, and thanks (I think) Purple. Not that I care too much, but you will notice Purple, if you look closely and any chart I post where I outline my entry, that my entry level is clearly marked by Metatrader along with the order number on the chart I post (the dashed line with the order number and BUY/SELL), so if you really want proof of my entries, then there you go.

I'm not too worried either way to be honest, and I note you are floating around others journals with the same comments, this is a trading journal, not an alerts service (been down that road elsewhere), but thanks for the feedback anyway. Love to see your trading journal some time , and let me know where we can get your alerts

Happy trading!
You can quit and they won't care, but you will always know.
  • #92
  • Edited 5:43am May 11, 2006 2:31am | Edited 5:43am
Ok can you clarify one thing please.

In the pic below the Blue bars at first where I marked 'Write sign' is a buy signal and the second cluster of falling blue bars, where I marked 'Wrong sign' is a sell signal, right?

I know pic is too big, I will edit it out once you reply.

The point I want to make will come after your reply..
  • #93
  • May 11, 2006 5:26am May 11, 2006 5:26am
Quoting Flyn
Geeze Purple....that's a bit tough. I'm just pleased that Akuma posts here when he can, because it helps me understand his technique. If you want a tipping service go somewhere else!

Keep up the good work Akuma !!
I also learn a lot from Akuma. Thanks for your excellent works.
ThinkForex
  • #94
  • Edited 5:50am May 11, 2006 5:39am | Edited 5:50am
Purple,

Please repost your chart in 600 X 600 format. It was changing the format of the screen display and violated Admin's rule of 600 X 600
Thanks Scott

Please read this post:

http://www.forexfactory.com/forexfor...27&postcount=1


Quoting Purple
Ok can you clarify one thing please.

In the pic below the Blue bars at first where I marked 'Write sign' is a buy signal and the second cluster of falling blue bars, where I marked 'Wrong sign' is a sell signal, right?

I know pic is too big, I will edit it out once you reply.

The point I want to make will come after your reply..
  • #95
  • May 11, 2006 6:35am May 11, 2006 6:35am
Purple please re-post at the correct size (or upload it to imageshack perhaps if you cant), and Ill give you my opinion on it

Thanks yjboey for the kind words
You can quit and they won't care, but you will always know.
  • #96
  • May 11, 2006 7:03am May 11, 2006 7:03am
http://img134.imageshack.us/img134/6171/cava20zx.th.jpg

I hope this one works.
  • #97
  • May 11, 2006 7:23am May 11, 2006 7:23am
That worked just fine purple, I have added some comment bubbles, the way I trade it, I avoid trading against the trend, however there are many cases for the more aggressive trader where there are some nice entries against the trend in a blue zone, like the one you have marked.

So you first entry marked with a tick is a signal I would have traded, the second I wouldn't have as I trade a little more conservatively at the moment.

Here is the same chart with my comments:

http://img103.imageshack.us/img103/1...rple3yp.th.gif
You can quit and they won't care, but you will always know.
  • #98
  • May 11, 2006 7:33am May 11, 2006 7:33am
Thanks for clearing that out.

I had a look at other pair charts with same Setup, I think I got confused and misinterperated your trades made earlier in this thread using the same indicator.

I am sorry for my post on one page before this.
  • #99
  • May 11, 2006 7:36am May 11, 2006 7:36am

TRADE TYPE: TRENDING


May 11 | SHORT | EUR/JPY @ 141.73 | SL: 142.09 | TP: 141.12


http://img99.imageshack.us/img99/7522/trade168jd.gif


Here is a trade I placed early Europe that is still going (with entry point clearly marked Purple ), I am starting to lean towards trading the crosses a little more, they certainly have been kind to me this week.

Trend
A developing downtrend as the rainbow has folded over and is spreading to the downside. That will keep me looking for shorts.

Momentum
4H bearish momentum is dropping slightly, however the daily momentum is very strong, should be ok for a further drop.

Trigger
A standard zero line cross from above gets me at the top of the bollinger band, a nice entry.

Resistance/Support
Cleared the 50SMA so nothing standing in the way until the lower bollinger band, lets see what happens.

Stoploss/Exit Strategy
Stop is behind round number resistance and previous resistance, while my target is a conservative one at the extension of the small swing into this move down.

Happy trading!

You can quit and they won't care, but you will always know.
  • #100
  • Edited 5:00pm May 11, 2006 4:51pm | Edited 5:00pm
Well a quiet day trading wise yesterday, but it has been a good week so that is not so bad. I'm alwas looking to improve things, and amazingly it has taken me a month to realise that the recent addition of the 50SMA is actually a pointless exercise. Why? Cause I use a 50CCI, and for those that do not what the CCI measures, it is looking at the prices position compared to a moving average of the length of the CCI. So, what is the 50CCI measuring?, the distance from the 50SMA, so a zero line cross corresponds with a cross of the 50SMA, a zero line bounce is a bounce of the 50SMA and so forth.

For this reason, I am now removing the 50SMA, and replacing it with another commonly monitored moving average, the 100SMA. I will use it the same way as I did the 50SMA, but at least it is new information not duplication of the same thing.

This weekend I am also looking into countertrend training with this system, to see if it is possible to predict countertrend blue zone signals with any degree of accuracy. Hope you all have a profitable day.

Happy trading!
You can quit and they won't care, but you will always know.
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