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My Swing Trading System

  • #21
  • Jul 10, 2013 10:40am Jul 10, 2013 10:40am
maxximuz thank you for your interest.
The setup for the entry are all correct. I told that "Trading the setup after the first is only your choice" is your choice because there is altready been a movement of the price and it depend of price condition(Support Resistance, TrendLine).
For trade 2a the SL is Wrong. This fractal isn't a second dimension. For be a second dimensione it will be High of previous.

Attacched there is the last open trade:
Let see how it evolve

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusddaily.png Size: 48 KB
  • #22
  • Jul 10, 2013 11:01am Jul 10, 2013 11:01am
You are welcome dasio, appreciate your kindness to share.

Your advice to take only the first trade seem like the best opportunity when market change direction... of course, 2nd or even 3rd valid entry is tradable, but the ROI will not be that good, as the market already moved....

Below is a pic on what my understanding on taking the first valid signal is much better... correct me if I am wrong... tq

http://i1213.photobucket.com/albums/...FIRSTentry.png
  • #23
  • Jul 10, 2013 11:59am Jul 10, 2013 11:59am
Quoting maxximuz
You are welcome dasio, appreciate your kindness to share. Your advice to take only the first trade seem like the best opportunity when market change direction... of course, 2nd or even 3rd valid entry is tradable, but the ROI will not be that good, as the market already moved.... Below is a pic on what my understanding on taking the first valid signal is much better... correct me if I am wrong... tq {image}

Perfect^^
  • #24
  • Jul 10, 2013 12:42pm Jul 10, 2013 12:42pm
Hi Dasio, thanks for sharing,

i'm still confuse how to define which candle act as 1, 2, 3 of fractal ..
in this eurjpy daily chart i put arrow , am i correct that are the fractal pattern?
Attached Image
  • #25
  • Jul 10, 2013 1:02pm Jul 10, 2013 1:02pm
Quoting ghprod
Hi Dasio, thanks for sharing, i'm still confuse how to define which candle act as 1, 2, 3 of fractal .. in this eurjpy daily chart i put arrow , am i correct that are the fractal pattern? {image}
Yes it is a fractal.
  • #26
  • Jul 10, 2013 1:02pm Jul 10, 2013 1:02pm
In the first post i attached an indicator. Default setting show Fractal based on 3 period for find the 1° dimension pattern.
  • #27
  • Jul 10, 2013 4:55pm Jul 10, 2013 4:55pm
Hi,
Theese are the new setup for the new day:
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 48 KB

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpydaily.png Size: 48 KB

Attached Image (click to enlarge)
Click to Enlarge Name: golddaily.png Size: 44 KB



And below is the update for the order opened:
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusddaily.png Size: 48 KB
  • #28
  • Jul 10, 2013 10:30pm Jul 10, 2013 10:30pm
thanks, dasio for the indicator and manual.

I noticed usually the SL is quite huge, for example refer to the pic u posted, the GU Long having abt 490pips SL. And, usually how long you hold your trade?


as for the Indicator, the setting of:
- Fractal Period = 3 - this mean 3 candles to form the fractal?
- Price High = 2 - what does this setting mean?
- Price Low = 3 - what does this setting mean?
  • #29
  • Jul 10, 2013 10:53pm Jul 10, 2013 10:53pm
potential Long entry for:

AUDUSD
http://i1213.photobucket.com/albums/...ULongEntry.png

GOLD
http://i1213.photobucket.com/albums/...10GoldLong.png

For the above 2 potential Long entry, would you consider to take the Long entry considering the over head resistance is quite close?

What is your usual RR ratio? Any minimum RR ratio that you consider good to go?

Tq
  • #30
  • Jul 11, 2013 2:09am Jul 11, 2013 2:09am
Quoting maxximuz
potential Long entry for: AUDUSD {image} GOLD {image} For the above 2 potential Long entry, would you consider to take the Long entry considering the over head resistance is quite close? What is your usual RR ratio? Any minimum RR ratio that you consider good to go? Tq
For considerering a potential entry at this step of your knowledge of the system we have to wait the the closing of the bars.
For me is not important how much pips is the SL. The price where the SL is placed is perfect for don't be gettingout from the correction movment.
  • #31
  • Jul 11, 2013 2:42am Jul 11, 2013 2:42am
oops, almost forgot have to wait till today candle close, as the last fractal are yet to be confirmed.

would be great if you could modify the indicator to color the unconfirmed fractal with different color and auto change to preset color of the up/down fractal once it is confirmed (candle closed)... just a suggestion for your consideration.


Thank you
  • #32
  • Jul 11, 2013 3:17am Jul 11, 2013 3:17am
Quoting maxximuz
oops, almost forgot have to wait till today candle close, as the last fractal are yet to be confirmed. would be great if you could modify the indicator to color the unconfirmed fractal with different color and auto change to preset color of the up/down fractal once it is confirmed (candle closed)... just a suggestion for your consideration. Thank you
There are other rules that i want explain when the basic strategy is learned. And it 's necessary to check the temporary setup also.
  • #33
  • Jul 11, 2013 4:04am Jul 11, 2013 4:04am
Hi dasio,

thanks for explaining your kind of trading.

I have a question regarding using the 1º fractal and 2º fractal. On the picture below I could only see a 1º fractal that you use for a possible entry, is that right?
I am sure, other questions will follow

Thanks and regards,
Peter

http://www.forexfactory.com/attachme...9&d=1373493280
  • #34
  • Jul 11, 2013 4:44am Jul 11, 2013 4:44am
Quoting Forex Lion
Hi dasio, thanks for explaining your kind of trading. I have a question regarding using the 1º fractal and 2º fractal. On the picture below I could only see a 1º fractal that you use for a possible entry, is that right? I am sure, other questions will follow Thanks and regards, Peter http://www.forexfactory.com/attachme...9&d=1373493280
The setup in this image is for long setup and how you can see there are 2 1° dimensional fractal.
  • #35
  • Jul 11, 2013 5:13am Jul 11, 2013 5:13am
I'm try to improve the entry setup.
Please try also di another entry type.
Draw a TL on the 2 point of the setup and then entry when the price touch it.
With this method we can reduce the SL placing it not at the First Second Dimension Fractal Formed but at The first first DImension Fractal.
Let me know what do you think.
Thx

Attached Image (click to enlarge)
Click to Enlarge Name: usdchfdaily1.png Size: 49 KB
  • #36
  • Jul 11, 2013 6:28am Jul 11, 2013 6:28am
Quoting dasio
I'm try to improve the entry setup. Please try also di another entry type. Draw a TL on the 2 point of the setup and then entry when the price touch it. With this method we can reduce the SL placing it not at the First Second Dimension Fractal Formed but at The first first DImension Fractal. Let me know what do you think. Thx {image}
I think this entry has merit especially when the 2 points of the setup are at a similar price, not so sure i'd be as comfortable with entries off a steeper TL.

I'm looking at the hourly rather than daily chart, i'm guessing it doesn't really matter too much as we're exploiting the fractal nature of price action ...what a great entry (and R:R) this would have been on EU into the swing yesterday!
Attached Image (click to enlarge)
Click to Enlarge Name: 11Jul(EU1).PNG Size: 33 KB
  • #37
  • Edited 11:08pm Jul 11, 2013 9:14am | Edited 11:08pm
Hi dasio,

Thanks for the idea of using TL to spot the entry, my suggestion will be the following:

When Market in Up Trend, we will see H, HH & L, HL forming.
1) Draw Up Trend Line (UTL) by connecting 2 Confirm 1° Dimensional Fractal that form the L & HL. Keep re-drawing the UTL as and when a new confirm 1° Dimensional Fractal (Low) formed
2) Wait for price Break AND Close below the UTL = I call this Signal Candle
3) Enter Short below the Low (+buffer) of the Signal Candle, with SL above Last 1° Fractal (High)
4) Trail the order above the confirm 1° Dimensional Fractal (High) until Market knock you out (just a suggestion)

Do the opposite for Long, when market moving south.

Above is just a brief idea of using TL + dasio's 1° Fractal for another entry method....

Based on the above method, when market turning from Down Trend to Up Trend, you shd be in a Long order, then we use this method to closely trace & monitor market by drawing & updating the UTL based on the the last 2 confirm 1° Fractal that form the L & HL, and getting ready to short when Price break the UTL.

Am not sure I put it correctly in wording, I think the animation pic below explain clearer. Am using the chart posted by dasio earlier for explanation.

dasio & other, I would appreciate any comment/advice/critic.

tq

http://i1213.photobucket.com/albums/...eentrybyTL.gif

[Update]
Today I re-read dasio's MDF System Manual, and I believe I make a mistake earlier between the 1° Dimensional Fractal & 2° Dimensional Fractal. I have updated the above post accordingly.
  • #38
  • Jul 11, 2013 9:34am Jul 11, 2013 9:34am
Quoting maxximuz
Hi dasio, Thanks for the idea of using TL to spot the entry, my suggestion will be the following: When Market in Up Trend, we will see H, HH & L, HL forming. 1) Draw Up Trend Line (UTL) by connecting 2 Confirm 2° Fractal that form the L & HL. Keep re-drawing the UTL as and when a new confirm 2° Fractal (Low) formed 2) Wait for price Break AND Close below the UTL = I call this Signal Candle 3) Enter Short below the Low (+buffer) of the Signal Candle, with SL above Last 2° Fractal (High) 4) Trail the order above the confirm 2° Fractal (High) until...
Thank you for your interest.
I think that follow the trend is the best way understand the price. I will follow your idea so i can't see the effect.
Thank you
  • #39
  • Jul 11, 2013 10:59am Jul 11, 2013 10:59am
Quoting dasio
{quote} Thank you for your interest. I think that follow the trend is the best way understand the price. I will follow your idea so i can't see the effect. Thank you
You are welcome, dasio.

the 2° Fractal is cool.... I like trading with minimum indicator or no indicator if possible.
  • #40
  • Jul 12, 2013 5:39am Jul 12, 2013 5:39am
Hi Dasio,

Thanks for sharing, very interesting system indeed

The basic rules are easy to understand. When I'm testing I came across a few questions, hope you could help answer them:

1. How do you look for trade when the market is moving sideways(choppy)? It's almost impossible to trail your stop in such situations..
2. In my chart there's 2 examples of your rules in post#8, are they correct?

TQ

Attached Image (click to enlarge)
Click to Enlarge Name: qq1.png Size: 45 KB
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