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45 Combo - momentum system

  • #1,581
  • Feb 16, 2015 10:50am Feb 16, 2015 10:50am
Hi, just checking in to see whats up with you all, hope you did well today.. chart looked rough though, lol.. but good enough for pulling a BE for the 3hr session.

Cheers,
  • #1,582
  • Feb 16, 2015 10:51am Feb 16, 2015 10:51am
Quoting Hammertop
Version 3 of the pdf is finally ready. Many important posts have been added and the images quality has been kept although each image is linked to its original so with a click it can be viewed and magnified, as well as each post number is linked to the relevant post in the thread for quick reference. I hope this can help a little to weed out the jungle of redundant stuff. Enjoy P.S. - In spite of my repeated attempts, FF still won't let me upload it. I have reported this bug so I hope they can resolve it soon. Meanwhile I have uploaded the file...


Thanks for your work HT... it is well appreciated by me and I am sure by everyone else.


Cheers,
  • #1,583
  • Feb 16, 2015 10:53am Feb 16, 2015 10:53am
Quoting matlobien
. The swing must be at least 10 pips from 5/40 crossover point to the height of the swing. on this particular signal you see that the measurement is less then 10 and around 6 pips at most. This is where the 10 point grid comes handy with one look in the heat of the battle, speed is key in 1m trading. When you trade the small movement crossovers it will do couple of major damages in the long run... first and for most, it will get you involved in too many weak momentum based signals, at least not strong enough to get you to +20 target... 2nd, you...
Hi Ty. When the swing happens before Frankie open and you get a signal after Frankie open, do you take it ?[/quote]

Yes.

Cheers,
  • #1,584
  • Feb 16, 2015 11:07am Feb 16, 2015 11:07am
Ok guys I am going to put a lil quiz out which I expect everyone to participate.

It's time to talk about the 10 pips grid blocks on my chart... what do you think it's the use for it? (useful in two areas)

..hint; from reviewing my live plays you should get some clues.


Cheers,
  • #1,585
  • Edited 1:45pm Feb 16, 2015 12:52pm | Edited 1:45pm
Quoting fx-Tycoon
Ok guys I am going to put a lil quiz out which I expect everyone to participate. It's time to talk about the 10 pips grid blocks on my chart... what do you think it's the use for it? (useful in two areas) ..hint; from reviewing my live plays you should get some clues. Cheers,
I think that you use them to measure the swing quickly in the heat of battle.

Secondly I think you use them to show the overall momentum as the closer the grids appear together on the chart the more movement there seems to be with the greatest chance of hitting the target. So it gives you a quick visual measurement of liquidity.
  • #1,586
  • Feb 16, 2015 12:55pm Feb 16, 2015 12:55pm
Quoting fx-Tycoon
Ok guys I am going to put a lil quiz out which I expect everyone to participate. It's time to talk about the 10 pips grid blocks on my chart... what do you think it's the use for it? (useful in two areas) ..hint; from reviewing my live plays you should get some clues. Cheers,
From reviewing your trades I couldn't extract any "esoteric" rules like no trade from 900-000 etc., so the obvious things are that it's easy to eyeball the momo (>10 or maybe too extended) and the amount of SL needed...
  • #1,587
  • Feb 16, 2015 12:57pm Feb 16, 2015 12:57pm
Quoting fx-Tycoon
Ok guys I am going to put a lil quiz out which I expect everyone to participate. It's time to talk about the 10 pips grid blocks on my chart... what do you think it's the use for it? (useful in two areas) ..hint; from reviewing my live plays you should get some clues. Cheers,
I'll take the first shot( too slow typing) at it, but I'm going to say what I use them for, if that's OK.
1. I keep the lines at the same distance for each pair on the screen, allows me to quickly see the real momentum, rather than big moves on a zoomed in chart that are only a few pips and quite distracting.
2. Allows me to take quick visual average of bar size, bigger bars more momemtum, but too big, like 7 pips or over can mess with SL/ position sizing.
3. Allows me to see dangerous reversal type patterns forming when in a trade and considering bailing.
4. Helps with spotting those big bars, away from the 40ema when in trade and profit, that signal exhaustion and another reason to bail and take profit.
5. Gives me a false sense of control over the market and reassures me that I am right (again) and that nothing can go wrong.......


pullup
  • #1,588
  • Feb 16, 2015 1:59pm Feb 16, 2015 1:59pm
Quoting fx-Tycoon
Ok guys I am going to put a lil quiz out which I expect everyone to participate. It's time to talk about the 10 pips grid blocks on my chart... what do you think it's the use for it? (useful in two areas) ..hint; from reviewing my live plays you should get some clues. Cheers,
My guess:
1) quick visual about the lenght of the swing from the last cross
2) quick visual about the length of the eventual SL
3) where the round .000 number are
  • #1,589
  • Feb 16, 2015 2:06pm Feb 16, 2015 2:06pm
Quoting fx-Tycoon
Ok guys I am going to put a lil quiz out which I expect everyone to participate. It's time to talk about the 10 pips grid blocks on my chart... what do you think it's the use for it? (useful in two areas) ..hint; from reviewing my live plays you should get some clues. Cheers,
Hi Ty

I like to look at them as a momentum gauge, what i mean is , if the lines are very wide apart there has been little movement / momentum in that particular cross, and vice-versa.. if they are close together then momentum is much stronger which is what we are looking for with this awesmome method

Russ
  • #1,590
  • Feb 16, 2015 3:10pm Feb 16, 2015 3:10pm
Quoting schoe
{quote} I think that you use them to measure the swing quickly in the heat of battle. Secondly I think you use them to show the overall momentum as the closer the grids appear together on the chart the more movement there seems to be with the greatest chance of hitting the target. So it gives you a quick visual measurement of liquidity.
I think i have same answer with schoe
  • #1,591
  • Feb 16, 2015 4:45pm Feb 16, 2015 4:45pm
Quoting fx-Tycoon
{quote} Thanks for your work HT... it is well appreciated by me and I am sure by everyone else. Cheers,
You and everybody who expressed their thanks are welcome. I'm glad if my humble work has been even a little help.
  • #1,592
  • Feb 16, 2015 5:22pm Feb 16, 2015 5:22pm
Quoting fx-Tycoon
Ok guys I am going to put a lil quiz out which I expect everyone to participate. It's time to talk about the 10 pips grid blocks on my chart... what do you think it's the use for it? (useful in two areas) ..hint; from reviewing my live plays you should get some clues. Cheers,
It is useful to easily see the swing qualify distance but also to see the retracement qualify distance. The retracement qualify distance both from the last high back to the 40 EMA and the distance from your potential entry back to the same last high.
  • #1,593
  • Feb 16, 2015 6:56pm Feb 16, 2015 6:56pm
Quoting Hammertop
Version 3 of the pdf is finally ready. Many important posts have been added and the images quality has been kept although each image is linked to its original so with a click it can be viewed and magnified, as well as each post number is linked to the relevant post in the thread for quick reference. I hope this can help a little to weed out the jungle of redundant stuff. Enjoy P.S. - In spite of my repeated attempts, FF still won't let me upload it. I have reported this bug so I hope they can resolve it soon. Meanwhile I have uploaded the file...
Hammertop, Thank you and very grateful to you for updating this document.
  • #1,594
  • Feb 17, 2015 1:18am Feb 17, 2015 1:18am
EJ long
update -5
  • #1,595
  • Feb 17, 2015 1:54am Feb 17, 2015 1:54am
Short GU on second narrow signal
Persistence will get it. Consistency will keep it.
  • #1,596
  • Feb 17, 2015 2:01am Feb 17, 2015 2:01am
Quoting Chake
Short GU on second narrow signal
Can you point to me where is explained the second narrow signal...? i think i missed it...
  • #1,597
  • Feb 17, 2015 2:01am Feb 17, 2015 2:01am
My answers are in line with what has been said allready Ty, they help see momentum and they help gauge the size of the swing.
Persistence will get it. Consistency will keep it.
  • #1,598
  • Feb 17, 2015 2:05am Feb 17, 2015 2:05am
Quoting Pipsverdi
{quote} Can you point to me where is explained the second narrow signal...? i think i missed it...
I don't think i know what you mean with "where it is explained" i just took a narrow signal short on the GU, they happend two times in a row just now and the first one did not look good enough for me, so i passed, but then the second one came right after and that one looked a lot better so i was in.
See two red arrows...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 24 KB
Persistence will get it. Consistency will keep it.
  • #1,599
  • Feb 17, 2015 2:09am Feb 17, 2015 2:09am
Quoting Chake
{quote} I don't think i know what you mean with "where it is explained" i just took a narrow signal short on the GU, they happend two times in a row just now and the first one did not look good enough for me, so i passed, but then the second one came right after and that one looked a lot better so i was in. See two red arrows... {image}
ok...thanks for the explanation chake...

edit: to stevespray ;me too i thought that only the first one is a signal, but maybe i am wrong
  • #1,600
  • Feb 17, 2015 2:13am Feb 17, 2015 2:13am
I don't think that the second one is valid.
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