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Akuma99 Not So Squeezy Journal

  • #141
  • May 21, 2006 5:34am May 21, 2006 5:34am
Quoting Lindsay
Hi Akuma,
I just spent the weekend going over your thread.....wow.
Your journal is a perfect example of an orderly system and an orderly mind.
Your charts and notations are by there concise descriptions a fast track learning system.
I had read about the bollinger squeeze and had used it in conjunction with the RSI to help me find approriate entries with the knife system. The knife and VWB are contrarian systems and with the recent trending markets have struggled to perform.
I have looked at a number of trending strategies but yours has a simplicity through it's visual aspects that make the decision making process much simpler.
I have always been told that too many indicators can distract you from price( the most important action of all) and confuse your trading. But I have always felt that the more confirmations for an entry the better. Your indicator selections cover the most important aspect of price movement. They are all relevant and purposeful not supurfulous add ons.

The knife and VWB excited and inspired me and equally so your system. I believe your sytem will give me the opportunity to trade all market conditions with a far greater degree of success.

Your thread has been an incredible learning opportunity thank you for sharing it with us.
I live in Melbourne, if you get down this way give me a call, I definetley owe you lunch and dinner.
Hey! Hands off Akuma you typist-hater!

Just kidding Linds.. Actually, your reason/s was/were also similar to why I looked here. Actually, I think I found his system too soon because I still am testing the knife. But akuma's system is definitely included in my systems-to-test list.

Do you find any similarity between his logs and mine? Hehe.. okay, I'm just bragging.. Actually, his way of logging is already a model of mine..
Thanks again akuma!

East

P.S.
Hope you don't mind me talking with Lindsay in your thread Akuma. ;-)
  • #142
  • May 21, 2006 6:32am May 21, 2006 6:32am
Well shucks Lindsay and eastmaels, I really appreciate the kind words and encouragement, and Lindsay good to see another aussie here . I know I still have some way before I can truly say I am totally happy with my system (if that will ever happen ), but taking things down to their basics has always worked for me, so I didn't see a need to change that with trading.

As for the manual, the good news is I have started, the not so good news is I haven't finished ... hopefully in the next day or two ill have it done (or if I don't sleep much tonight .. sooner ).

eastmaels, I enjoy reading any posts here, so no probs, chat all you guys like. Lindsay, I've just come back from your neck of the woods, bummer ... but next time.
You can quit and they won't care, but you will always know.
  • #143
  • May 21, 2006 7:58am May 21, 2006 7:58am
Quoting Akuma99
As for the manual, the good news is I have started, the not so good news is I haven't finished ... hopefully in the next day or two ill have it done (or if I don't sleep much tonight .. sooner ).
For me, I'd say take your time. It'll benefit me more. I'm not sure with others though.
But I do find it more fun if I'm more relaxed. Takes the pressure out of the creative mind for it to make its course, and at the same time having fun doing something.
Well, that was just thinking out loud..

See you around Adam. ;-)
  • #144
  • May 21, 2006 9:48pm May 21, 2006 9:48pm
Quoting Akuma99
Well shucks Lindsay and eastmaels, I really appreciate the kind words and encouragement, and Lindsay good to see another aussie here . I know I still have some way before I can truly say I am totally happy with my system (if that will ever happen ), but taking things down to their basics has always worked for me, so I didn't see a need to change that with trading.

As for the manual, the good news is I have started, the not so good news is I haven't finished ... hopefully in the next day or two ill have it done (or if I don't sleep much tonight .. sooner ).

eastmaels, I enjoy reading any posts here, so no probs, chat all you guys like. Lindsay, I've just come back from your neck of the woods, bummer ... but next time.
I will look forward to the next time.
Hopefully the FF membership will help with some tweeks to the great system.

I think the 2 lots on with one taken at the BB and one at the 1.618 is a great money strategy. I was manually testing over the weekend and was astounded at the number of times it hit the 1.618 or was close.

I was wondering if you could give us some insight into trailing stop positions in single lot trades. The free trades where one position has been taken allowing a profit affords a greater lattitude to let a trade develop but a single lot trade would I imagine take a little closer attention.
Thanks again for your great journal.
Lindsay

PS East is one of the best and most supportive in the forum , but I'm pretty sure there are at least 3 of him. Either that or he doesn't sleep!!

Hi East I think you could change your name to "EASTTHEFFPOSTERBOY"
  • #145
  • May 21, 2006 9:57pm May 21, 2006 9:57pm
Quoting eastmaels
Hey! Hands off Akuma you typist-hater!

Just kidding Linds.. Actually, your reason/s was/were also similar to why I looked here. Actually, I think I found his system too soon because I still am testing the knife. But akuma's system is definitely included in my systems-to-test list.

Do you find any similarity between his logs and mine? Hehe.. okay, I'm just bragging.. Actually, his way of logging is already a model of mine..
Thanks again akuma!

East

P.S.
Hope you don't mind me talking with Lindsay in your thread Akuma. ;-)
Hi East,
I think the Akuma system would be a great benefit to the knife system. It allow for confirmation of trend in a great visual way (probably the most subjective part of the knife), The BB's would be a great filter when the 8 and 50 are within 50 pips, it indicates momentum and gives a heads up for a trade with confirmation features such as the,CCI, RSI and STOCH.

Worth studying both.
  • #146
  • May 21, 2006 10:10pm May 21, 2006 10:10pm
Akuma, in a prior post you were looking to utilise your system for contrarian entries. I was wondering if you were aware of the knife system (aka the Vegas 4 hrs sytem).

The 8sma changing direction is the trigger for the knife sytem with a number of filter provisose. I think your sytem with the filters you use would be a great tool for confirmation entries on the knife system.

A difficult and subjective issue with the knife is trend direction and your modified Guppy application is a great aid in determining trend.

Placing the 8sma on your charts and using a turn of the 8sma as a change of direction for a contrarian entry along with the addition of a combination of your filters and knife filters may be all that is needed to aid your system to become a trending and contrarian system.
  • #147
  • May 22, 2006 6:53am May 22, 2006 6:53am
Opening two lots, closing one lot and letting the other run can be a very good system, and the peace of mind locking in some profits and letting half go is a nice way to trade. The only danger is if your stops are placed too far away, as if both lots are stopped out, the reward/risk ratio may suffer, it is something I am always aware of, and is sometimes the reason I am in with 1 lot not 2.

Lindsay, 1 and 2 lot trading is not too much different for me until the first target is met, then it is more of a sit back and watch approach. Until that first lot is met, I do tend to watch things rather closely, and like to lock in +1 as aggressively as I can without hampering the trade. Usually this is around +30 or so depending on the pair, the AUD/USD for example would be more like +20.

I am aware of Vegas' work, and it is impressive, although I have not traded or tested the system myself, but im sure there is plenty I could learn from it even if I do not trade it directly. Oh and thanks Lindsay for your suggestion into contrarian trading with this system, I will look into that once I have the journal of what I trade so far complete.

On the journal, it looks like I have opened a can of worms, as I am up to page 5 already, still it is something I should have done a while ago to cement the concepts into my rather random brain. Not too far away now.
You can quit and they won't care, but you will always know.
  • #148
  • May 23, 2006 3:43am May 23, 2006 3:43am
Hi Akuma

What does the input parameter for this indicator apply to. Is it the number of hours after 00:00GMT at which the chart data starts a new day?
  • #149
  • May 23, 2006 6:14am May 23, 2006 6:14am
Hi Flyn, sorry which of the indicators are you talking about?
You can quit and they won't care, but you will always know.
  • #150
  • May 23, 2006 7:15am May 23, 2006 7:15am
Quoting Akuma99
Hi Flyn, sorry which of the indicators are you talking about?
Hi Akuma....it's the one called "Pivot Lines Timezone Indicator" which was in the Zip file for the CCI Squeeze.
  • #151
  • May 23, 2006 8:00am May 23, 2006 8:00am
Ah yes .. that is an offset to GMT, as there are different data providers for MT4, the servers timezone that they reside on quiet often differ. It is an optional field you can set.
You can quit and they won't care, but you will always know.
  • #152
  • May 25, 2006 4:32am May 25, 2006 4:32am
Hi akuma

I was just wondering if you were looking at the AUDUSD?
Break through the 100MA,
closed above yesterdays high.
CCI broke through 0 to the upside on blue signal,
channel break out on euro/london open,
  • #153
  • May 25, 2006 8:56pm May 25, 2006 8:56pm
Hi Lindsay, this manual and some other projects have kept me away from the markets the last couple of days, but I assume this was the trade you were talking about:

http://img353.imageshack.us/img353/1767/audusd6bt.gif

It is a trade I probably wouldn't have taken, although it would have turned out to be a profitable one for you, I only wouldn't have taken it due to the rainbow still showing downside strength, and at the moment I am sticking with "with the trend" trades.

Your anaylsis though was sound, I hope you took the trade and cashed in some nice profits

You can quit and they won't care, but you will always know.
  • #154
  • May 26, 2006 12:05am May 26, 2006 12:05am
Thanks for your comments Akuma, I'm still riding it as a free trade with BE+1 so I am hopeful the minor support and 68% retracement may hold. I was kinda thinking the uncertainty of the USD may give a sustained correction with gold showing some upward movement from the 638 support level.

I am looking forward to your manual and I know I will benefit from it as I have from your thread. If I could, I would give you a hand
  • #155
  • May 29, 2006 6:01am May 29, 2006 6:01am
Well finally I things have quietened down and I can get back to the markets, holiday in the US today though so more than likely it will give me a chance to finish that darn manual ... look for it tomorrow.
You can quit and they won't care, but you will always know.
  • #156
  • May 29, 2006 6:11am May 29, 2006 6:11am
Quoting Akuma99
Well finally I things have quietened down and I can get back to the markets, holiday in the US today though so more than likely it will give me a chance to finish that darn manual ... look for it tomorrow.
You're right akuma..
That dang manual! Who ever brought up the idea must be some kinda a**hole.. Giving akuma work instead of enjoying his journal here..
hmp.. go get back at them akuma.. Don't give them the manual tomorrow..
Give it to them today!! <grin>

Thanks for the efforts akuma! Just be ready for a lot of questions.. hehe..
  • #157
  • Edited 11:03am May 29, 2006 9:11am | Edited 11:03am
Heheh yeh who was that? .. really must track that person down give them a stern talkin to ... actually the manual has been a constructive and useful exercise, but don't expect a masterpiece, I actually havent spent much time on it yet as I have been dragged away from the online world.

I will be posting some "missed trades" shortly so we can keep the idea fresh in our brains.
You can quit and they won't care, but you will always know.
  • #158
  • May 29, 2006 10:12am May 29, 2006 10:12am
Quoting Akuma99
Heheh yeh who was that? .. really must track that person down and have a stern talkin to ... actually the manual has been a constructive and useful exercise, but don't expect a masterpiece, I actually havent spent much time on it yet as I have been dragged away from the online world.

I will be posting some "missed trades" shortly so we can keep the idea fresh in our brains.
I think the guy's hiding here somewhere.. I'll help you go track him down.. Oh wait, I think I see a trail on him on my back.. wait.. there he is.. I saw his back.. there! there! turn around! turn around again...

Actually, it's only a favor we asked and of which you have graciously accepted. So no demands here.

We also have your journal here as a good point of reference.
Anyway, thanks again for taking the time. :-)
  • #159
  • May 29, 2006 11:13am May 29, 2006 11:13am

TRADE TYPE: RANGING/DEVELOPING TREND


May 30 | SHORT | EUR/USD @ 127.64 | SL: 127.80 | TP: 127.13


http://img155.imageshack.us/img155/9297/trade260uh.gif

It is 2:10am here, so excuse me if the explanation is shorter than usual, I have tried to indicate the main points on the chart above. This is a fantastic setup, apart from a ranging rainbow, and here is why.

We seem to be in the beginnings of a developing down trend, at least in the short term as the rainbow has folded over and switched direction. Price turned right on the upper BB, and we are well clear of any SMA support to stop a move down. The CCI produced a quick blue zone signal, and shortly after a zero line bounce, and to top things off, we have a close subsequently below yesterdays low.

In terms of stop placement, the daily pivot is just above to hide behind, and really on a quiet day, a move to S1 would be a fine profit today. I now go to sleep with targets and stop in place. Happy trading!

You can quit and they won't care, but you will always know.
  • #160
  • May 30, 2006 7:12am May 30, 2006 7:12am
Does anyone have a copy of the Squeeze Indicator for VT ? (Visual Trading Systems)


Thanks
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