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Multi time frame price action channel (mtf pac)

  • #121
  • Jun 28, 2014 1:20pm Jun 28, 2014 1:20pm
Quoting Intrepidpips
I was gonna abandon the 1440 for 480 or 360 but reviewing my set-ups I see that 1440 is not broke so I aint gonna try ta fix it. took a trade before FO was eager to get in on what seemed to be a pre-FO launch and price sort of just ranged, enough opportunity to recover from yesterday's dd but I'm sure I will steadily recover and get there. I'm sure the success to trading any system is to keep taking every valid signal the system gives no matter what. {image}

I have come to see so much merit in trading the 480 SMA as that is the H4 average price, it gives more opportunities than the 1440 and I really don't need too many pips to make my daily target.
My daily target henceforth is "TO TAKE EVERY SIGNAL FROM FRANKFURT OPEN TO LONDON OPEN AND SOME NEW YORK OPEN"
I found that taking every single signal per pair, will translate into everyday a winning day, except for some terrible range/sideways day.

I found that once I've missed a signal, I'm wary of taking the next available one because at the back of my mind, it may be a loser, so the challenge is to be available to take all my signals.
Attached Image (click to enlarge)
Click to Enlarge Name: _2014-06-28_19-07-24-EJ.png Size: 88 KB
Let it turn and find your entry.
  • #122
  • Jun 28, 2014 1:33pm Jun 28, 2014 1:33pm
I took a nibble at AUDUSD and wish I'd traded on.
I can only say that 480 SMA rocks.
Attached Image (click to enlarge)
Click to Enlarge Name: _2014-06-28_19-27-18-AU.png Size: 76 KB
Let it turn and find your entry.
  • #123
  • Jun 30, 2014 4:10am Jun 30, 2014 4:10am
I certainly did not impress myself today.
I took a EJ short, got my SL hit, then took a GU long and exited at 7 and I sort of got entangled with the office "how was the weekend gist"and did not engage the market further.
Gu gave some more profitable opportunities.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: _2014-06-30_09-40-25-EJ.png Size: 67 KB
Click to Enlarge Name: _2014-06-30_09-53-47-GU.png Size: 74 KB
Let it turn and find your entry.
  • #124
  • Jun 30, 2014 4:29am Jun 30, 2014 4:29am
MY CHALLENGE

I think it's the non acceptance of loss.
I took a GU short as I was posting post 123 and I just had to exit after I got into +ve region who knows it might end up being a home run.
I just have to fix that.
Attached Image (click to enlarge)
Click to Enlarge Name: _2014-06-30_10-25557-GU.png Size: 71 KB
Let it turn and find your entry.
  • #125
  • Jun 30, 2014 6:05am Jun 30, 2014 6:05am
Quoting Intrepidpips
MY CHALLENGE I think it's the non acceptance of loss. I took a GU short as I was posting post 123 and I just had to exit after I got into +ve region who knows it might end up being a home run. I just have to fix that. {image}
Had I accepted the possibility of loss I'd have reaped a handsome reward before the last signal which was -ve
Attached Image (click to enlarge)
Click to Enlarge Name: _2014-06-30_11-59-36-GU.png Size: 76 KB
Let it turn and find your entry.
  • #126
  • Jul 1, 2014 5:07am Jul 1, 2014 5:07am
3 trades, should have been in green territory by now should have exited my first 2 trades earlier as it seems in retrospect the market participants were waiting for the release of the PMI which spiked me out of my 2nd trade with a 6 pips slippage, my entry on the 3rd trade equally was entered at a 6 pips slippage.
Should have held on to that position but I'm happy to have recovered my loss on the second trade.
Some times some RED LETTER news favours the current market bias like it did the GBPJPY but at times it just blindsides most traders.
Attached Image (click to enlarge)
Click to Enlarge Name: _2014-07-01_11-05-23-GU MANUFACTURING PMI.png Size: 79 KB
Let it turn and find your entry.
  • #127
  • Jul 10, 2014 10:44am Jul 10, 2014 10:44am
Quoting Intrepidpips
I took a nibble at AUDUSD and wish I'd traded on. I can only say that 480 SMA rocks. {image}
I have decided to stick to just one pair and that is EURJPY and to the 1440 SMA

Trying to claw myself up (with a reduced lot size) from the hole I dug, I see it would only take a commitment to TAKE EVERY VALID TRADE SIGNAL
Attached Image (click to enlarge)
Click to Enlarge Name: _2014-06-27_09-35515_TAKE_EVERY_SIGNAL 2.png Size: 116 KB
Let it turn and find your entry.
  • #128
  • Jul 16, 2014 2:41am Jul 16, 2014 2:41am
Quoting Intrepidpips
{quote} I have decided to stick to just one pair and that is EURJPY and to the 1440 SMA Trying to claw myself up (with a reduced lot size) from the hole I dug, I see it would only take a commitment to TAKE EVERY VALID TRADE SIGNAL {image}
BIG PICTURE

I had to take a step back and look at the "Big picture" and what I found is that the 1440 SMA in M1 which is same as 24SMA (1440/60) is a very solid average to trade off from and then again I saw a window of opportunity that the H1 6 SMA provided.
Price crosses the H1 6 SMA same as 360 SMA in M1 (6*60) before it does the 24SMA so for a 1 minute trader a lot more opportunities for quick profit (and loss) presents itself.

So I adopted the approach of get in at FO, take whatever opportunities I find, and exit with a positive result.

My back-test revealed that taking every single signal from FO to NYO and London Close, will result in every day a positive result day.
The drawback is since my time is not mine I have to make do with the little time that I have until I can do this full time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY BIG PICTURE.png Size: 95 KB
Click to Enlarge Name: EURJPY BIG PICTURE 1.png Size: 100 KB
Let it turn and find your entry.
  • #129
  • Jul 16, 2014 3:18am Jul 16, 2014 3:18am
My confidence is based on the fact that Moving averages lag but do not predict price movement so following them means I'm not jumping the gun and what ever the market does the MAs will report, so there is no fear of this approach becoming obsolete.
In the past I'd tried all manner of 24MA combinations but I guess I've come home to roost I can finally say I've found what I can use.
Yesterday was a pip filled day, too bad I didn't trade the whole day.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: _2014-07-16_08-55-15_TAKE_EVERY_SIGNAL.png Size: 125 KB
Click to Enlarge Name: _2014-07-16_09-10-55_TAKE_EVERY_SIGNAL.png Size: 120 KB
Let it turn and find your entry.
  • #130
  • Jul 16, 2014 3:24am Jul 16, 2014 3:24am
Today I got scared and bailed at the point where I should have held on.
Fight on tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: _2014-07-16_09-21-55_TAKE_EVERY_SIGNAL.png Size: 115 KB
Let it turn and find your entry.
  • #131
  • Jul 16, 2014 3:49am Jul 16, 2014 3:49am
The template for the 360
Attached File(s)
File Type: tpl 360.tpl   167 KB | 303 downloads
Let it turn and find your entry.
  • #132
  • Jul 24, 2014 3:31am Jul 24, 2014 3:31am
SO MUCH PAIN
I have yet fine tuned and tweaked the system to where I can take ever valid signal, and the results so far only indicate that not taking every signal is merely cheating myself.
This morning I missed a perfect FO entry messing with a "Holy Grail" system I found so I took the LO entry only to be spiked out by 18 pips which is way irregular.
I'm going to have a chat with Excel Markets to straighten things out.
Attached Image (click to enlarge)
Click to Enlarge Name: SPIKED OUT.png Size: 102 KB
Let it turn and find your entry.
  • #133
  • Jul 24, 2014 3:59am Jul 24, 2014 3:59am
Quoting Intrepidpips
SO MUCH PAIN I have yet fine tuned and tweaked the system to where I can take ever valid signal, and the results so far only indicate that not taking every signal is merely cheating myself. This morning I missed a perfect FO entry messing with a "Holy Grail" system I found so I took the LO entry only to be spiked out by 18 pips which is way irregular. I'm going to have a chat with Excel Markets to straighten things out. {image}
Yes is a bit much I agre

You will mae it back in no time though
We miss 100% of the shots we don't take
  • #134
  • Jul 26, 2014 2:37pm Jul 26, 2014 2:37pm
Quoting Rooi
{quote} Yes is a bit much I agre You will mae it back in no time though
Thanks Rooi,

I am so certain I will make it back and more in good time.
It's made me re-think some things and I believe it's just for my good after all.

Howz the wifey hope you are enjoying the weekend

Regards.
IP
Let it turn and find your entry.
  • #135
  • Jul 27, 2014 1:49am Jul 27, 2014 1:49am
Quoting Intrepidpips
{quote} Thanks Rooi, I am so certain I will make it back and more in good time. It's made me re-think some things and I believe it's just for my good after all. Howz the wifey hope you are enjoying the weekend Regards. IP

Hi IP

All is well thanks.Just a bit of winter here so lots of time indoors to work on the trading

The boss(wife) is doing great.Hope all is well with you and yours and that you are having a good weekend.

Good luck for next week.

All the best

Rooi.
We miss 100% of the shots we don't take
  • #136
  • Jul 31, 2014 1:34pm Jul 31, 2014 1:34pm
Quoting Intrepidpips
SO MUCH PAIN I have yet fine tuned and tweaked the system to where I can take ever valid signal, and the results so far only indicate that not taking every signal is merely cheating myself. This morning I missed a perfect FO entry messing with a "Holy Grail" system I found so I took the LO entry only to be spiked out by 18 pips which is way irregular. I'm going to have a chat with Excel Markets to straighten things out. {image}
7 days and no reply from support@excelmarkets well I'm planning my revenge, sweet orgasmic revenge.
Let it turn and find your entry.
  • #137
  • Aug 20, 2014 4:36am Aug 20, 2014 4:36am
Quoting Intrepidpips
{quote} 7 days and no reply from support@excelmarkets well I'm planning my revenge, sweet orgasmic revenge.
Almost a month now and no reply from Excel markets, anyway have had my revenge on them; meanwhile somebody please tell me I should be trading Cable.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD MIGHTY.png Size: 148 KB
Click to Enlarge Name: GBPUSD MIGHTY 1.png Size: 141 KB
Let it turn and find your entry.
  • #138
  • Aug 20, 2014 5:55am Aug 20, 2014 5:55am
SQUANDERED OPPORTUNITIES

I decided to combine my original PAC with the BB (with some cross tweaking) and I'm liking the results so far, the experiment goes on. If I could just focus and take ALL MY SIGNALS!
Attached Image (click to enlarge)
Click to Enlarge Name: MTF PAC 001.png Size: 120 KB
Let it turn and find your entry.
  • #139
  • Aug 20, 2014 10:09am Aug 20, 2014 10:09am
LEARNING

Divergences, Double, Tripple (tops & bottoms) and BB Break outs.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: MTF PAC 002.png Size: 121 KB
Click to Enlarge Name: MTF PAC 003.png Size: 118 KB
Let it turn and find your entry.
  • #140
  • Edited 4:24am Aug 21, 2014 4:04am | Edited 4:24am
I missed the FOMC shower cos I had to close, leave the office and fuel my car. what a miss in fact the calm after the storm was pretty profitable.
Attached Image (click to enlarge)
Click to Enlarge Name: MTF PAC 005.png Size: 117 KB
Let it turn and find your entry.
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