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Buy sell line trading

  • #1,941
  • Sep 9, 2012 4:46am Sep 9, 2012 4:46am
Quoting kashTrader
Or possible its embarassing
I could post a trade explorer.... but the people who ask to see it are generally the sort of people who want to buy a system for $99, plug it in and be millionaires at the end of the month...

If I ever see a system that I like, I pull up a chart and check the last 100 trades.... how many won or lost ?, how much reward was there for my risk?, what was distinctive about the winning trades?, are there specific times of day when the signals occured ?.... I'm not going to take somebody else's word for my future wealth, I want to see the evidence for myself (and lets be honest, there's not many easier systems to scan the charts and work out a suitable risk model than the ideas contained here in this thread)

So, you don't need to see my trade explorer... it's your own trade explorer you should be concerned with....

Of course, if anyone wants to pay to see my trade explorer, then that's a different proposition altogether..
tradewith60
  • #1,942
  • Sep 9, 2012 4:51am Sep 9, 2012 4:51am
Quoting kashTrader
Hi 60,

Thanks for the warning! I am not planning on getting rich doing Forex.....
I understand the downside and the risks.......

My mistake, I thought the indi was designed to highlight the rules that we have for this system. So, I was wondering if I missed any of the rules that these arrows were showing.


Thanks,
K
these are the rules i'm trading on m15.... very simple, then let them run for big R/R... (if you wanted to add any sort of filter all i would say is "if the last h4 bar to close was in the direction of the trade... its a good sign!!")

just pull up eu, au, aj for last week and see how it works...
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tradewith60
  • #1,943
  • Sep 9, 2012 1:51pm Sep 9, 2012 1:51pm
Quoting kashTrader
Hi Guys,

I am trying out the LHDT_COMMANDO-V-01 indicator. I have a few questions:
1. Is this the latest version of the indi? If not, can anyone kindly point me to the newest version please?
2. I am getting some weired signals for which I can't figure out the reason. Please let me know if there are rules for these signal somewhere in the thread which I might have overlooked. OR possibly my setup of the indi is wrong?

Help with this is much appreciated. Thanks.
Hi kashTrader,

There is nothing wrong with your indi. It work the same for me. You will find all the details related to this indi on the post #1542. But, to reply your question, Lionel has said that there are 3 types of entries he considered:

"I coded 3 different patterns type :
- On an uptrend, a bullish candle + the 3 previous candles should be bearish
- On an uptrend, a bullish candle + the previous candles should be lower then the previous 2
- On an uptrend, a bullish candle + the last 5 should make new lows"

The key is you, what trade you decide to take or not. The indi only show you all the possibilities (or the ones you selected from its options panel).

PS: what indicator do you use to view 3 other time frames of current pair in the same time?
  • #1,944
  • Sep 9, 2012 2:53pm Sep 9, 2012 2:53pm
Quoting kashTrader
Or possible its embarassing
Tosser !
  • #1,945
  • Sep 9, 2012 4:33pm Sep 9, 2012 4:33pm
Quoting cristiansan
Hi kashTrader,

There is nothing wrong with your indi. It work the same for me. You will find all the details related to this indi on the post #1542. But, to reply your question, Lionel has said that there are 3 types of entries he considered:

"I coded 3 different patterns type :
- On an uptrend, a bullish candle + the 3 previous candles should be bearish
- On an uptrend, a bullish candle + the previous candles should be lower then the previous 2
- On an uptrend, a bullish candle + the last 5 should make new lows"

The key is...

Thanks for the reply. One question though, these rules don't seem to be part of the original set of rules posted on #1. Are these rules still valid for entry on 4h charts?

Please try this for the multiple charts http://www.forexfactory.com/showthread.php?t=198729

Thanks,
K
  • #1,946
  • Sep 9, 2012 4:34pm Sep 9, 2012 4:34pm
Quoting nige1
Tosser !
Please read my late posts. I mis-read. I thought he was asking why newbies don't post. To which I replied newbies may be embarrassed.

Sorry for the confusion.

Thanks,
K
  • #1,947
  • Sep 9, 2012 11:40pm Sep 9, 2012 11:40pm
Quoting kashTrader
Thanks for the reply. One question though, these rules don't seem to be part of the original set of rules posted on #1. Are these rules still valid for entry on 4h charts?

K
You are partially right. The rules are based on 60's Commando M15 strategy. You can find this at #1 "M15 scalping idea" or #1487. Of course, all these rules are suitable for any time frame, but as i said in the previous post, you are the one to decide what signal qualify or what rule works best.

For example, when I first used the indi, it was enough to me to work with the following rule only: "On an uptrend, a bullish candle + the last 5 should make new lows".
  • #1,948
  • Sep 10, 2012 3:04am Sep 10, 2012 3:04am
Quoting kashTrader
Please read my late posts. I mis-read. I thought he was asking why newbies don't post. To which I replied newbies may be embarrassed.

Sorry for the confusion.

Thanks,
K
In that case apologies for any offense caused !
  • #1,949
  • Sep 10, 2012 3:25am Sep 10, 2012 3:25am
Quoting nige1
In that case apologies for any offense caused !

No worries mate, happy trading!
  • #1,950
  • Edited Sep 18, 2012 2:33am Sep 17, 2012 3:12pm | Edited Sep 18, 2012 2:33am
Hi,

could please someone confirm that this indicator gives the right signals for this system?

Settings are:

- OnePip: Change to 0.01 for USDJPY f.e.
- ShowAllSignals: Show also signals pointing to the SMA
- Method1: Use the first signal candle definition
- Method2: Use the second signal candle definition
- MaxCandleBody: The maximum size for the body of the 2nd signal candle in percent
- BarsLookBack: Bars to look back for verifying the highest high / lowest low for the second signal candle
- SmaFilter: No signal if the last X (BarsLookBack) candles touched the SMA
- DrawSma: Draw the SMA line onto the chart
- SMA_Period: The period of the SMA
- MomentumFilter: Use the momentum filter
- Momentum_Period: The momentum period
- ShowAlert: Show a message box on a new signal

I was not sure how to interpret the rule "finally momentum back in the direction of the trend". I hope that means the line of the momentum indicator shows up for long trades and down for short trades!?

"PRICE IS CHOPPING ABOVE AND BELOW" should be matched with the SMA filtering.

Thanks in advance!

Bye,
nd

Attached File(s)
File Type: ex4 Engulfing Breakout.ex4   10 KB | 461 downloads
  • #1,951
  • Sep 19, 2012 5:02am Sep 19, 2012 5:02am
I have been a lurker here for a while. About a year ago due to family business issues Mrs V (the better half) took over our trading. Now her health issues means 5 min entries (and the chart time that entails) are most probably a thing of the past. So we are focused on 1hr methods to lessen chart time.

Anyway after Y's D engulfing close she sold todays 1hr engulfing close around 3062. Exiting near Y's low and is done for the day.
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  • #1,952
  • Sep 19, 2012 12:15pm Sep 19, 2012 12:15pm
Quoting kashTrader
No worries mate, happy trading!
Hi kashTrader,

Regarding the Commando set up on the 15M. I can tell you that it works although I do not use the indicator. I just look at the charts visually. This will give you a better feel for the signals (IMHO). Post #1942 is an excellent example... very simple... I would, at the very least, do this for sometime before moving to the indicator. You will get a better feel for the PA and this method. As this is primarily a 15M TF ( not exclusive ) you can look at quite a few charts in a very short time. Using the proper RR for this method is paramount... It’s what makes it work.

Good Trading

TSD
  • #1,953
  • Sep 19, 2012 3:09pm Sep 19, 2012 3:09pm
Quoting TraderinSD
Hi kashTrader,

[color=black][font=Verdana]Regarding the Commando set up on the 15M. I can tell you that it works although I do not use the indicator. I just look at the charts visually. This will give you a better feel for the signals (IMHO). Post #1942 is an excellent example... very simple... I would, at the very least, do this for sometime before moving to the indicator. You will get a better feel for the PA and this method. As this is primarily a 15M TF ( not exclusive ) you can look at quite a few...
Hey thanks for this. I am definitely going to be trying this out. I will hopefully come back with questions. A couple of questions though:
1. Where should I be putting the SL? Should it be on the end of the signal candle or the closest swing?
2. What kind of RR should I be looking at?
3. What TF should I use to determine SR regions when I am trading on the 15TF? SR on daily may be too coarse and 15 SR may be too fine.
4. Should I be ensuring that the PA is also on the same side as that I am taking trade on higher TF? Such as, 1H, 4H or 1D?

Thanks.
  • #1,954
  • Sep 20, 2012 9:42am Sep 20, 2012 9:42am
this looks like a great strategy! has anyone started a journal specifically with this style of trading in mind?
  • #1,955
  • Sep 20, 2012 10:40am Sep 20, 2012 10:40am
Quoting kashTrader
Hey thanks for this. I am definitely going to be trying this out. I will hopefully come back with questions. A couple of questions though:
1. Where should I be putting the SL? Should it be on the end of the signal candle or the closest swing?
2. What kind of RR should I be looking at?
3. What TF should I use to determine SR regions when I am trading on the 15TF? SR on daily may be too coarse and 15 SR may be too fine.
4. Should I be ensuring that the PA is also on the same side as that I am taking trade on higher TF? Such as, 1H, 4H or 1D?

Thanks....

60M .. Hope I am not speaking out of turn here ??

kashTrader

My thoughts>>>>

Where should I be putting the SL? Should it be on the end of the signal candle or the closest swing?
** I tend to put mine above the swing high. That can be the signal candle or a candle or two back, that general area. You need to see how the average stop in pips relates to your trading capital. Do not risk more than 2% of total capital on any one trade. If the stop is too big... Do not take the trade. There will always be more.

What kind of RR should I be looking at?
** Minimum 2:1. Preferably 3:1... At a 2:1 you can still grow your account @ 50% expectancy. (50% win / loss rate)

What TF should I use to determine SR regions when I am trading on the 15TF?
SR on daily may be too coarse and 15 SR may be too fine.
** I like the 60M personally, major swings on the 4HR. (at the very least)
…You may consider - OHLC for previous day, week and month. The point here is to keep it simple. To many lines, you will have difficulty.

Should I be ensuring that the PA is also on the same side as that I am taking trade on higher TF? Such as, 1H, 4H or 1D?
** I don’t... I trade the 15M... Long above, short below the 50SMA... Follow the rules as set by 60M; keep it simple at this point.

Remember... You can run a 50% Win / Loss ratio with this method maintaining a 2:1 RR and still be profitable. Your biggest huddle will be dealing with losses physiologically.

“1 trade does not make a day, 1 day does not make a week, and 1 week does not make a month.”

Focus and patience
Trade well

TSD
  • #1,956
  • Sep 20, 2012 10:43am Sep 20, 2012 10:43am
Quoting TraderinSD
60M .. Hope I am not speaking out of turn here ??

kashTrader

My thoughts>>>>

Where should I be putting the SL? Should it be on the end of the signal candle or the closest swing?
**[color=black][font=Verdana] I tend to put mine above the swing high. That can be the signal candle or a candle or two back, that general area. You need to see how the average stop in pips relates to your trading capital....
Great Reply SD. I will definitely incorporate these into practice. 60 Your thought are also more than welcome on the questions.

Thanks,
K
  • #1,957
  • Sep 20, 2012 11:15am Sep 20, 2012 11:15am
Quoting TraderinSD
60M .. Hope I am not speaking out of turn here ??

kashTrader

My thoughts>>>>

Where should I be putting the SL? Should it be on the end of the signal candle or the closest swing?
**[color=black][font=Verdana] I tend to put mine above the swing high. That can be the signal candle or a candle or two back, that general area. You need to see how the average stop in pips relates to your trading capital....



TSD,

A question about te retrace candles. In the example that 60 gave, the retrace is bullish in a bearish move downward. In this example he says atleast 3 retrace candles. I have often seen that although there is a retrace all candles within the retrace aren't te same direction. In that case do you actually count 3 retrace candles as ones that are in the same direction of the retrace? Or does it not matter as long as the candles are in the retrace momentum?

Thanks,
K
  • #1,958
  • Sep 20, 2012 11:22am Sep 20, 2012 11:22am
Quoting kashTrader
TSD,

A question about te retrace candles. In the example that 60 gave, the retrace is bullish in a bearish move downward. In this example he says atleast 3 retrace candles. I have often seen that although there is a retrace all candles within the retrace aren't te same direction. In that case do you actually count 3 retrace candles as ones that are in the same direction of the retrace? Or does it not matter as long as the candles are in the retrace momentum?

Thanks,
K
Retrace momentum from the pivot. Some retraces will be picture perfect, some will not.

TSD
  • #1,959
  • Sep 20, 2012 11:30am Sep 20, 2012 11:30am
Quoting TraderinSD
Retrace momentum from the pivot. Some retraces will be picture perfect, some will not.

TSD
Sorry my English isn't that great. Do you mean it's ok to take momentum retrace as the retrace and doesn't need to be substantiated by all candles being in the retrae direction. Also, I am a bit confused about the pivot, which pivot are you referring to mate?

Thanks,
K
  • #1,960
  • Sep 20, 2012 12:05pm Sep 20, 2012 12:05pm
Quoting kashTrader
Sorry my English isn't that great. Do you mean it's ok to take momentum retrace as the retrace and doesn't need to be substantiated by all candles being in the retrae direction. Also, I am a bit confused about the pivot, which pivot are you referring to mate?

Thanks,
K
Price pivots/swings.. Creates the begining of the pattern for a pulled back. In order for price to have a pull back there has to be a pivot to start the pull back pattern. Then we count as shown in post # 1942

TSD
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