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JCP's System – Using Multiple TFs

  • #41
  • Aug 21, 2012 3:57pm Aug 21, 2012 3:57pm
JCP, thank you for updating us by the live examples.

I sent you a Private Message, would you please check it out and reply?
  • #42
  • Aug 22, 2012 7:14pm Aug 22, 2012 7:14pm
Quoting Jcp
This one was giving some wiggle room and is still in play.
Closed this one out for a 18 pip loss, don't want to chance taking a full loss on this. NZDCHF is still open and set to about 10 pips above the entry.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-08-22 at 7.11.56 PM.jpg Size: 166 KB
  • #43
  • Aug 22, 2012 7:22pm Aug 22, 2012 7:22pm
taking a stab at this one with SL just below recent low, 77.80.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-08-22 at 7.21.03 PM.jpg Size: 168 KB
  • #44
  • Aug 23, 2012 9:46am Aug 23, 2012 9:46am
Quoting Jcp
This is setting up and will likely enter at some point near end of day.
This one is still in play, moving stop just above yesterdays high.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-08-23 at 9.44.41 AM.jpg Size: 166 KB
  • #45
  • Aug 23, 2012 10:17am Aug 23, 2012 10:17am
JCP, I have an improvement.

Let's assume it is a Short setup is happening and the EMAs are crossing down. Now, we wait for the first bar to close up (green) and enter short at the closing of that bar. SL is set to the high of that bar (which is usually the small wick) while the TP = ATR(14). if SL is hit, we try again with the next Green bar.

If you backtest this improvement, you will notice that we incur small losses before we reap the full ATR.

Think it!
  • #46
  • Aug 23, 2012 10:19am Aug 23, 2012 10:19am
Hey Walad,

Would you mind posting a chart?
  • #47
  • Aug 23, 2012 11:55am Aug 23, 2012 11:55am
Attached is an idea Walad had on a variation, so I am posting this on his behalf.

A few questions I have on it is:

1. At what point would you stop entering?
2. At what point would you close the position after getting one to stick?

Feel free to add...
Attached Image (click to enlarge)
Click to Enlarge Name: image001.png Size: 72 KB
  • #48
  • Aug 23, 2012 12:09pm Aug 23, 2012 12:09pm
Quoting Jcp
Attached is an idea Walad had on a variation, so I am posting this on his behalf.

A few questions I have on it is:

1. At what point would you stop entering?
2. At what point would you close the position after getting one to stick?

Feel free to add...

Q1. I think we should stop when the total losses reach the expected TP.
Q2. We exit when TP is achieved. TP = ATR(100)
  • #49
  • Aug 27, 2012 6:58am Aug 27, 2012 6:58am
Just a quick update on the 3 remaining options positions:

NC - set to BE
AU - set to BE
UJ - SL still at 77.8

No other entries have been made since these.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NC.jpg Size: 158 KB
Click to Enlarge Name: AU.jpg Size: 163 KB
Click to Enlarge Name: Screen shot 2012-08-27 at 6.54.36 AM.jpg Size: 165 KB
  • #50
  • Aug 30, 2012 8:46am Aug 30, 2012 8:46am
An update on the 3 open positions: AUD/USD, NZD/CHF and USDJPY

All are still open, AU and NC are at BE, UJ SL still in place.

NC could be about ready to take profit or at least go the other way, as it has hit a buy area on the Daily 30/60 crossover. So may take profits on this.

I did take profits earlier in the week on an A/Z short I had, this basically recovered the minor losses I incurred a few weeks ago with several attempts.

No other positions opened yet as of today.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen shot 2012-08-30 at 8.41.09 AM.jpg Size: 163 KB
Click to Enlarge Name: Screen shot 2012-08-30 at 8.40.35 AM.jpg Size: 162 KB
  • #51
  • Aug 30, 2012 8:53am Aug 30, 2012 8:53am
Here's a look at N/C and the Daily setup going the other way. It's not a swing low, but if we pullback even further, the weekly is also crossed up, so this gives some nice back-up.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-08-30 at 8.51.33 AM.jpg Size: 165 KB
  • #52
  • Aug 30, 2012 8:58am Aug 30, 2012 8:58am
Quoting Stumpy1
hi JCP how do you get the two differant sets of MAs on the one chart?
You can place as many as you want as long as they are different TF
In trading, you have to be defensive and aggressive at the same time
  • #53
  • Aug 30, 2012 9:03am Aug 30, 2012 9:03am
Quoting Jcp
Here's a look at N/C and the Daily setup going the other way. It's not a swing low, but if we pullback even further, the weekly is also crossed up, so this gives some nice back-up.
Hi JCP
I am relatively new trader.I am experimenting different set ups for max profit.
My question to you is why 30/60 MA's and not say 20/10 or any other times.
I found lower TF MA gives earlier signal hence more pips.
On your examples 30/60 many instances large chunk of the move was ignored by 30/60 and great many pips not utilized.
Have you tested different TF MA's?
Thank you
In trading, you have to be defensive and aggressive at the same time
  • #54
  • Last Post: Aug 30, 2012 9:11am Aug 30, 2012 9:11am
Quoting Davit
Hi JCP
I am relatively new trader.I am experimenting different set ups for max profit.
My question to you is why 30/60 MA's and not say 20/10 or any other times.
I found lower TF MA gives earlier signal hence more pips.
On your examples 30/60 many instances large chunk of the move was ignored by 30/60 and great many pips not utilized.
Have you tested different TF MA's?
Thank you
Hi Davit,

I have experimented with many MA crossovers and the truth is many of them work at one time or another. So honestly I believe that it comes down to personal preference, then just sticking to it without falter. By the way you'll also find that the 30/60 on the 4H is basically the same as the 5/10 on the Daily, and the 30/60 on the Daily is the about the same as the 5/10 on the weekly. The ema's themselves don't hold any magic, and there really is no perfect ema combo, at least that I could find. Hope this helps?
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