Looking for Real Trading Method | Page 14 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

bo7a method... method for GBP/JPY 205 replies

Looking for info on TASC "hysteresis" MA crossing of Bands method. 2 replies

Sure Method = Real Money 44 replies

Looking for Mouteki method EA 1 reply

Attachments: Looking for Real Trading Method
Exit Attachments

Looking for Real Trading Method

  • #261
  • Jun 22, 2014 12:38am Jun 22, 2014 12:38am
Quoting jmn5611
{quote} You might teach chess but you could learn a thing or two reading english and staying on topic.
You are right. It's a pity I can not express myself better in English to show your chess analogy to the market is unfortunate.
Trading is a game against yourself that bores you and makes you make mistakes in the rush to do new things, looking for the holy grail.
There is no system to win at chess, nor there to win the market.
In chess wins commits minor mistakes, and the market also.
Humans have a tendency to complicate things, we get tired doing the same thing, and sometimes, that's what you need to do.
To commit the least errors in chess, you have to study hard every stage, plus you have to watch your health, and you have to have emotional control. In the market you have to do the same. And we could go on comparing many things. But my bad English does not allow me to write too much, or do better. So leave it at that.

1.e4 ...
Adaptarse es la clave
  • #262
  • Jun 22, 2014 12:47am Jun 22, 2014 12:47am
Quoting jmn5611
{quote} Welles Wilder attempted to use ADX and ADXr to determine when to turn on and turn off systems. Have you tried to code up an EA that only trades when the ADX is above or below the DX- and DX+ lines, for example? One indicates trend, the other indicates range. Another way is to just trade RTM systems and when they take a DD of more than a certain % then you know that you are in trend, so you turn off RTM and turn on the trend system. I have had to do this just recently, as the markets are in a historically tight range. Can't build millipedes...
All honesty...ADX is one of the indicators I've never really worked with...

That being said, a couple members of our team have coded up an ADX dashboard, and there is chatter with a couple of the others about using it for filtering...

I will see how they get on and may learn a little from their efforts.

Don't want it to turn into one of those, too many cooks spoiling the broth, things...
Attached Images
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #263
  • Jun 22, 2014 1:16am Jun 22, 2014 1:16am
Quoting Magix
{quote} All honesty...ADX is one of the indicators I've never really worked with... That being said, a couple members of our team have coded up an ADX dashboard, and there is chatter with a couple of the others about using it for filtering... I will see how they get on and may learn a little from their efforts. Don't want it to turn into one of those, too many cooks spoiling the broth, things... {image} {image}
Better then ADX, in any timeframe when at least 18 candles stay on one side of the 20ema, indicates strong trend....
Wherever you go, there you are.
  • #264
  • Jun 22, 2014 1:24am Jun 22, 2014 1:24am
Quoting elcurioso
{quote} You are right. It's a pity I can not express myself better in English to show your chess analogy to the market is unfortunate. Trading is a game against yourself that bores you and makes you make mistakes in the rush to do new things, looking for the holy grail. There is no system to win at chess, nor there to win the market. In chess wins commits minor mistakes, and the market also. Humans have a tendency to complicate things, we get tired doing the same thing, and sometimes, that's what you need to do. To commit the least errors in chess,...
You too are correct. The need for action does make traders make mistakes. All the things you wrote about playing good chess is correct also, so I understand your attempt to make an analogy between the two.

Cheers!
If you are good at something, never do it for free--Joker
  • #265
  • Jun 22, 2014 1:25am Jun 22, 2014 1:25am
Quoting milam
{quote} Better then ADX, in any timeframe when at least 18 candles stay on one side of the 20ema, indicates strong trend....
20 candles on a daily chart is a long time. Do you think there is a faster way?
If you are good at something, never do it for free--Joker
  • #266
  • Jun 22, 2014 1:27am Jun 22, 2014 1:27am
Quoting Magix
{quote} All honesty...ADX is one of the indicators I've never really worked with... That being said, a couple members of our team have coded up an ADX dashboard, and there is chatter with a couple of the others about using it for filtering... I will see how they get on and may learn a little from their efforts. Don't want it to turn into one of those, too many cooks spoiling the broth, things... {image} {image}
You've got a good team going Magix. I am confident you guys are going to crack something major. I am an ideas guy, can't code my way out of a paper bag.
If you are good at something, never do it for free--Joker
  • #267
  • Jun 22, 2014 1:36am Jun 22, 2014 1:36am
Modestly, the strong trend seen with the naked eye. Furthermore the slope of the trend line or some appropriate moving average is a simple way to see the trend.
Attached Image (click to enlarge)
Click to Enlarge Name: tendencia.PNG Size: 141 KB
Adaptarse es la clave
  • #268
  • Jun 22, 2014 1:38am Jun 22, 2014 1:38am
Quoting jmn5611
{quote} You've got a good team going Magix. I am confident you guys are going to crack something major. I am an ideas guy, can't code my way out of a paper bag.
You should stop by more...you were the inspiration for the 2 TOG millipedes in test...I've still got some work to do on the exits...but overall, I like the idea.

They are ripping off the M1, the longer TFs might offer a little less draw, but overall, not a bad set of traders.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #269
  • Jun 22, 2014 1:40am Jun 22, 2014 1:40am
Quoting jmn5611
{quote} 20 candles on a daily chart is a long time. Do you think there is a faster way?
well, you have to trade 20 instruments for the daily......try on the hourly.....I trade the 5 and the 1m viewing the major.....fade at the touch of the ema...specifics set ups need to apply once there.....the pull back as the trend before the pull back needs to be viewed into contest.....pullbacks need to clear and clean, an h2 (for longs is the ideal but not always) also called a ABC or two legs...Take partial profits at the recent high and let the rest run by moving the SL to BE, some time you get a nice run, they will make the difference in your books.....
Wherever you go, there you are.
  • #270
  • Jun 22, 2014 1:43am Jun 22, 2014 1:43am
Quoting milam
{quote} Better then ADX, in any timeframe when at least 18 candles stay on one side of the 20ema, indicates strong trend....
I work with a few sets of EMAs..defining trends and triggers through them...

I have always like working with Moving Averages...they are a great visual representation and lend an immediate idea of market at a glance.

Defining the strength is one, also watching for the reversals is another.

My best triggering actually relies on the space between 2 EMAs and an OB/OS trigger...

Over the weekend, I have been working on another logic for measuring divergence with moving averages and a separate price close on Moving average for triggering.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #271
  • Jun 22, 2014 1:54am Jun 22, 2014 1:54am
Quoting milam
guys, there is not right or wrong way to trade.......searching for an universal way to be profitable is a losing game.....a bit like trying to win a lottery ticket... there are numerous way to make money in trading but if they do not make any sense to you or they do not reflect your personality....they will not produce money for you......DO YOU UNDERSTAND THAT? Because if you do not.....in my humble view you have not any chances here or anywhere........... Here is on example......Trading range: many good traders make money on trading range, many...

This stuff is dead on. I, too break only the breakaways, That whole thought process of trading the retraces is foreign to me. Their indicators and methods do nothing for me. Yet there are some out there who make good money doing this.

When they put their algos away because of the immanence of news events, times of the week , certain session openings, that is when I start waking up and paying attention.
  • #272
  • Jun 22, 2014 1:57am Jun 22, 2014 1:57am
Quoting Magix
{quote} I work with a few sets of EMAs..defining trends and triggers through them... I have always like working with Moving Averages...they are a great visual representation and lend an immediate idea of market at a glance. Defining the strength is one, also watching for the reversals is another. My best triggering actually relies on the space between 2 EMAs and an OB/OS trigger... Over the weekend, I have been working on another logic for measuring divergence with moving averages and a...
Great....If they make sense to you....that is the way to go.....they will not work all the time like others way will not work but there is always space to improvement..

Also great, they make sense to me, myself I decided not to use any indicators (I get confused), but only the 20 ema, for reversals (which I trade a lot) and OB/OS I use trendlines and channel lines..

EDIT: Dave landry uses 3 sma in his "bow ties" method....Please check it out...
Wherever you go, there you are.
  • #273
  • Jun 22, 2014 2:00am Jun 22, 2014 2:00am
Quoting Rap Skallion
{quote} This stuff is dead on. I, too break only the breakaways, That whole thought process of trading the retraces is foreign to me. Their indicators and methods do nothing for me. Yet there are some out there who make good money doing this. When they put their algos away because of the immanence of news events, times of the week , certain session openings, that is when I start waking up and paying attention.
yes we all f@cking good and better then anybody else at doing certain things, if we realise that, then we need to invest in that....It is that simple yet it is that difficult...
Wherever you go, there you are.
  • #274
  • Jun 22, 2014 2:03am Jun 22, 2014 2:03am
I think there is an easy way to determine the end of a trend, or the beginning of a trend. It is simply to locate a reverse pattern. For me, a trend begins with a reverse pattern and finished with a reverse pattern.
The difficulty lies in determining that the reverse pattern is the same grade as the trend.
For the record, this is much simplify the matter, and it's not as easy as simple. But training the eye and counting waves, it can be done. Practice, practice.
Adaptarse es la clave
  • #275
  • Jun 22, 2014 2:16am Jun 22, 2014 2:16am
Quoting elcurioso
I think there is an easy way to determine the end of a trend, or the beginning of a trend. It is simply to locate a reverse pattern. For me, a trend begins with a reverse pattern and finished with a reverse pattern. The difficulty lies in determining that the reverse pattern is the same grade as the trend. For the record, this is much simplify the matter, and it's not as easy as simple. But training the eye and counting waves, it can be done. Practice, practice.
I have a better way...ask me and I will explain...need to go for a moment
Wherever you go, there you are.
  • #276
  • Jun 22, 2014 2:21am Jun 22, 2014 2:21am
Quoting Magix
{quote} You should stop by more...you were the inspiration for the 2 TOG millipedes in test...I've still got some work to do on the exits...but overall, I like the idea. They are ripping off the M1, the longer TFs might offer a little less draw, but overall, not a bad set of traders.
I appreciate that I was able to contribute to your ideas. When I do stop by, I am not sure how or where I can contribute to the project. You can PM me if you have a plan. I can only bring to the table that I am a market historian, and I understand indicators. Last time I stopped by, I felt so out of my depth that I tucked tail and came back to the factory. So I need a little direction.
If you are good at something, never do it for free--Joker
  • #277
  • Jun 22, 2014 2:23am Jun 22, 2014 2:23am
Quoting milam
{quote} yes we all f@cking good and better then anybody else at doing certain things, if we realise that, then we need to invest in that....It is that simple yet it is that difficult...
Peter Crowns talked about that. Finding your ONE thing. Get good at that. And do just that.
If you are good at something, never do it for free--Joker
  • #278
  • Jun 22, 2014 2:24am Jun 22, 2014 2:24am
Quoting elcurioso
I think there is an easy way to determine the end of a trend, or the beginning of a trend. It is simply to locate a reverse pattern. For me, a trend begins with a reverse pattern and finished with a reverse pattern. The difficulty lies in determining that the reverse pattern is the same grade as the trend. For the record, this is much simplify the matter, and it's not as easy as simple. But training the eye and counting waves, it can be done. Practice, practice.
Are you talking about W's and M's ?

I have found that handy on the higher time frames.
If you are good at something, never do it for free--Joker
  • #279
  • Jun 22, 2014 2:29am Jun 22, 2014 2:29am
I work with waves (grosso modo, no discussion Elliot) the patterns, supports, resistances and trend lines. Here below is how I would study this chart.

I hope your explanation Milam.
Attached Image (click to enlarge)
Click to Enlarge Name: ejemplo.PNG Size: 131 KB
Adaptarse es la clave
  • #280
  • Jun 22, 2014 2:35am Jun 22, 2014 2:35am
Quoting jmn5611
{quote} Peter Crowns talked about that. Finding your ONE thing. Get good at that. And do just that.
I do not know who Peter is, but that makes sense to me....
Wherever you go, there you are.
1 trader viewing now