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  • #2,961
  • Jun 9, 2015 1:38pm Jun 9, 2015 1:38pm
One trade on the DTDT LTF system today (EY) and lost 30 pips. As usual, indicators repainted and now shows a good setup. I'm on the sidelines now.

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  • #2,962
  • Jun 9, 2015 1:49pm Jun 9, 2015 1:49pm
Quoting Moonie
One trade on the DTDT LTF system today (EY) and lost 30 pips. As usual, indicators repainted and now shows a good setup. I'm on the sidelines now. {image}
Dear Moonie,

I'm stil newbie, but I learned something today. As you can see it's trading near the support level of today. It needs a clean brake to get lower levels. It's most likely to bounce on it. If theres no big 'impact news' it's going to bounce. Also you see a straight run towards it. (Only red bars) If you throw a ball hard against the wall it will come back hard. (Newbie vision)

Regards,
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  • #2,963
  • Jun 9, 2015 2:44pm Jun 9, 2015 2:44pm
Quoting Moonie
One trade on the DTDT LTF system today (EY) and lost 30 pips. As usual, indicators repainted and now shows a good setup. I'm on the sidelines now. {image}
Hi M

EJ m30 chart attached showing where my entry could/would have been.

Obviously our charts llok different, but both contain the same tools, but different settings to suit my requirements, plus a a couple of others I prefer to use.

Anyway chart attached purely for your comparison

Cheers

LL

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  • #2,964
  • Jun 9, 2015 5:21pm Jun 9, 2015 5:21pm
Quoting Moonie
One trade on the DTDT LTF system 2962(EY) and lost 30 pips. As usual, indicators repainted and now shows a good setup. I'm on the sidelines now. {image}
Hi Moonie,

The latest of DTDT_LTF is far better --Post#2962


I use trend H4 ( 5/10 ema cross up/down -- no repaint)

M30 : Take a signal when price stalls in the wave and dot appears

M5 : Try entering if possible close to the channel ( zone to reverse)

If you put the daily pivot point in your analysis like adding more ketchup in french fried.--- help a lot

Sai ram
Being a fxtrader is not easy. Ones must working hard.
  • #2,965
  • Jun 9, 2015 5:50pm Jun 9, 2015 5:50pm
Hi guys,

When using the indicators in my view :

GRaB candles Long : Candles paints in Blue -- Price closes above the wave (34 ema, HLC)

GRaB candles range : Candles paints in White -- Price closes in the wave (34 ema, HLC)

GRaB candles Red : Candles paints in Red -- Price closes below the wave (34 ema, HLC)

But this is not important. Here, I want to use the wave to see price retraces in and the dot appears.

Sai Ram
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Being a fxtrader is not easy. Ones must working hard.
  • #2,966
  • Edited 6:16pm Jun 9, 2015 5:52pm | Edited 6:16pm
Quoting Moonie
One trade on the DTDT LTF system today (EY) and lost 30 pips. As usual, indicators repainted and now shows a good setup. I'm on the sidelines now. {image}
Hi Moonie,

First, I am sorry about your bad trade. Second, I want to comment on the system and trading.

The system is based on TMA and fractals ( and trend ). TMA and fractals repaint, naturally. So the TradeMonitor repaints as well, by monitoring repainting indicators.

Now, why do people out there use repainting indicators when the whole world knows, non repainters would be better ? Because they work. At the moment you enter a trade one information counts most. The status of the price and it's indicators in the column of the last closed candle. Would this status be much better with nrp indis ? probably not.

A trade went wrong. Happens all the times and you stay at the sidelines. What are you doing there ? Waiting for a nrp TMA ? Waiting for the super indi on top of everything that this cannot happen anymore ? Such a thing does not exist.

Your chart contains a lot of information. Learn to read it and learn to trade with it if you want. Be ( very ) careful with your entries. Getting stopped out by 30 pips would mean 1 1/2 days wasted work time for me ( i currently cannot make more than 20 pips net every day, avg. ). Every system needs a trader, not an operator.

Best Regards, Verified.
  • #2,967
  • Jun 9, 2015 6:38pm Jun 9, 2015 6:38pm
And, in addition to what i wrote before: If you have not already asked yourself, how do i handle stop losses, how do i act when a trade turns against me, ask yourself now. nobody will advise you there but you have options. imo a important part of trading.

best, v.
  • #2,968
  • Jun 9, 2015 6:44pm Jun 9, 2015 6:44pm
Thanks for the reply Verified. I think we're missing the 'elephant in the room' actually. The basic truth is that indicators are merely reflecting on past price action not the other way round. Repainting indicators are merely a way to make a chart look like the indicator picked out every perfect setup when you look left. My most successful Sai Ram system was the ATM, which is what I am reverting to now. 20 pip TP seemed to work quite a lot.

Good luck.

Moonie



Quoting verified
{quote} Hi Moonie, First, I am sorry about your bad trade. Second, I want to comment on the system and trading. The system is based on TMA and fractals ( and trend ). TMA and fractals repaint, naturally. So the TradeMonitor repaints as well, by monitoring repainting indicators. Now, why do people out there use repainting indicators when the whole world knows, non repainters would be better ? Because they work. At the moment you enter a trade one information counts most. The status of the price and it's indicators in the column of the last closed...
  • #2,969
  • Jun 9, 2015 6:52pm Jun 9, 2015 6:52pm
Quoting Moonie
Thanks for the reply Verified. I think we're missing the 'elephant in the room' actually. The basic truth is that indicators are merely reflecting on past price action not the other way round. Repainting indicators are merely a way to make a chart look like the indicator picked out every perfect setup when you look left. My most successful Sai Ram system was the ATM, which is what I am reverting to now. 20 pip TP seemed to work quite a lot. Good luck. Moonie {quote}
This is not done with bad intensions. This just happens, e.g. with the TMA. Not one single line of code to make it look good.
  • #2,970
  • Jun 9, 2015 6:55pm Jun 9, 2015 6:55pm
Quoting Moonie
Thanks for the reply Verified. I think we're missing the 'elephant in the room' actually. The basic truth is that indicators are merely reflecting on past price action not the other way round. Repainting indicators are merely a way to make a chart look like the indicator picked out every perfect setup when you look left. My most successful Sai Ram system was the ATM, which is what I am reverting to now. 20 pip TP seemed to work quite a lot. Good luck. Moonie {quote}
At least I have somethings contributed to your success.

You can test all the strategies in this thread and stick with the one that makes you happy like your girlfriend.

Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #2,971
  • Jun 9, 2015 7:08pm Jun 9, 2015 7:08pm
watch EURUSD
  • #2,972
  • Jun 9, 2015 7:14pm Jun 9, 2015 7:14pm
Sai Ram,


Your systems are like a box of chocolates, every one has a different favourite but they all basically satisfy in the sme way.

Thank you again for your great contributions.

Moonie.

Quoting sriloba
{quote} At least I have somethings contributed to your success. You can test all the strategies in this thread and stick with the one that makes you happy like your girlfriend. Sai Ram
  • #2,973
  • Jun 9, 2015 7:34pm Jun 9, 2015 7:34pm
Absolutely Verified, I appreciate, indicator designers have nothing but the best intensions at heart, but why change the colour of a bar after price has made a move in a different direction, who does this benefit? When I look at a new indicator, if it shows every price turning point, I immediately treat it with suspicion. The Fiji indicator is a good example. It leaves the arrow when price moves against it, often putting the opposite arrow on the next candle. This often tells me more than when it just dissapears like nothing has happened.

Quoting verified
{quote} This is not done with bad intensions. This just happens, e.g. with the TMA. Not one single line of code to make it look good.
  • #2,974
  • Jun 9, 2015 7:41pm Jun 9, 2015 7:41pm
Quoting Moonie
Absolutely Verified, I appreciate, indicator designers have nothing but the best intensions at heart, but why change the colour of a bar after price has made a move in a different direction, who does this benefit? When I look at a new indicator, if it shows every price turning point, I immediately treat it with suspicion. The Fiji indicator is a good example. It leaves the arrow when price moves against it, often putting the opposite arrow on the next candle. This often tells me more than when it just dissapears like nothing has happened. {quote}...
Anything on a chart is the past ... not only the indicators ... but also the candles. Each incoming tick is already the past. A tick is the result of an action occured ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #2,975
  • Jun 9, 2015 7:53pm Jun 9, 2015 7:53pm
Hi Moonie,
The TMA not only shows signal, also the current trend, in your case the purple bars, that is a downtrend, also you need to read the candles, before you took the trade, where you set your trade, it was a weak bullish candle against strongs bearish candles. Please, try M5 for lower SL. Regards



Quoting Moonie
One trade on the DTDT LTF system today (EY) and lost 30 pips. As usual, indicators repainted and now shows a good setup. I'm on the sidelines now. {image}
  • #2,976
  • Jun 9, 2015 8:23pm Jun 9, 2015 8:23pm
trading the Asia session is simply ... PAIN
  • #2,977
  • Jun 9, 2015 11:05pm Jun 9, 2015 11:05pm
The server of mt4 of my broker is down.

Tomorrow I will look another broker.

Is there anybody suggests a good broker for me, canadian living in montreal, quebec, canada.

Now, my friends have suggested me a few broker :

Pepperstone, IC Markets, Tickmill


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #2,978
  • Jun 9, 2015 11:07pm Jun 9, 2015 11:07pm
Quoting sriloba
Here is the improvement of the DTDT_LTF system The chart below illustrates the Short Trade : Sell above the RIPT M30 : Signal P1 : Trend H4 is red P2 : Price broke down the wave then retraces in the wave which is the main attention of the system. Then the dot appears to alert that the end of the retracement is almost resumed. P3 : Goto M5 for entry M5 : Entry point -- If price is trading at or in the channel then the risk is small ( less suffering from the retracement) Go short = Pi, red + Pii, red + RSI(21) red above the zero line (aggressive)...
Hi Sriloba, can I ask what indicator creates the 3 black lines (wave)? It displays on my chart but I can't work out which indicator it is.
  • #2,979
  • Jun 9, 2015 11:09pm Jun 9, 2015 11:09pm
Quoting sriloba
The server of mt4 of my broker is down. Tomorrow I will look another broker. Is there anybody suggests a good broker for me, canadian living in montreal, quebec, canada. Now, my friends have suggested me a few broker : Pepperstone, IC Markets, Tickmill Sai Ram
I like IC Markets. Very reliable
  • #2,980
  • Jun 9, 2015 11:10pm Jun 9, 2015 11:10pm
Quoting gwindy
{quote} Hi Sriloba, can I ask what indicator creates the 3 black lines (wave)? It displays on my chart but I can't work out which indicator it is.
Voila
Attached File(s)
File Type: ex4 GRaB Candles Long.ex4   10 KB | 212 downloads
File Type: ex4 GRaB Candles Range.ex4   11 KB | 207 downloads
File Type: ex4 GRaB Candles Short.ex4   10 KB | 192 downloads
Being a fxtrader is not easy. Ones must working hard.
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