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  • #7,661
  • Aug 16, 2015 3:20am Aug 16, 2015 3:20am
Quoting adam777
{quote} Quick question, are they standard pivot lines on your chart?
Just the session Open High Low lines : imho important to track during a trading session.

I use FatTails' version from the previously-mentioned Elite section at Big Mike's (NinjaTrader only), so regret I will not share.

I no longer use pivots, although others swear by them.
  • #7,662
  • Aug 16, 2015 4:02am Aug 16, 2015 4:02am
Quoting erasmus66
will run through myself for confirmation - this must have improved backtest results
This sounds now good with proper backtesting, not cherry picking!
  • #7,663
  • Aug 16, 2015 7:14am Aug 16, 2015 7:14am
Quoting tdforex
{quote} This sounds now good with proper backtesting, not cherry picking!
I have gone back to nov of last year methodically via the 1 minute chart next to 18 tick range bar line chart every month profitable 78% winning pct and with the parlaying of profits factored in you could survive very comfortably doing this fulltime 4 days a week with no Wednesday trading.
  • #7,664
  • Edited 8:13am Aug 16, 2015 7:59am | Edited 8:13am
Quoting erasmus66
{quote} this is much more my thinking going forward for reversal trades, i.e. waiting for a confirmation (123 following 2b or 123 following 123). Will miss some wins but will also miss some losses. Take yesterday's trade for e.g. {image} the 123 following 2b didn't trigger so we would have just sold the 2b at 75 for win obviously needs backtesting

only thing i don't understand is i dont see a 2b..i.e hat anywhere near where your green lines are..... please clarify

thanks!

may i suggest we draw a line to point out the hat or 2b pattern we are seeing..may help e1
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: cowboy hat with a line drawn.png Size: 33 KB
  • #7,665
  • Aug 16, 2015 8:13am Aug 16, 2015 8:13am
Quoting dagoods
{quote} only thing i don't understand is i dont see a 2b..i.e hat anywhere near where your green lines are..... please clarify thanks! may i suggest we draw a line to point out the hat or 2b pattern we are seeing..may help e1 {image}
look at chart on post 7648. A hat is just a head and shoulders pattern
  • #7,666
  • Aug 16, 2015 8:18am Aug 16, 2015 8:18am
Quoting Divergence
grabbed 20. wasn't going to take reversals against the trend but this hat formed and I couldn't resist since overall we are pressing down todays action was up but I cant resist those perfect hat formations (h and s) {image}

ah ok thanks you! i had it like this>>>>>very well observed divergence! thanks for that!
Attached Image (click to enlarge)
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  • #7,667
  • Aug 16, 2015 8:48am Aug 16, 2015 8:48am
Quoting Divergence
{quote}I have gone back to nov of last year methodically via the 1 minute chart next to 18 tick range bar line chart every month profitable 78% winning pct and with the parlaying of profits factored in you could survive very comfortably doing this fulltime 4 days a week with no Wednesday trading.

can u please provide picture examples of exactly what you back tested. maybe even add to post number one if u like


i don't see how erasmus66 pic with the green arrows has any head shoulders pattern so i am a bit confused on what you guys are actually testing or even if u guys test the same thing
post 7653 is what isn't clear to me

thanks for understanding and bearing with me i appreciate the clarification
  • #7,668
  • Aug 16, 2015 8:51am Aug 16, 2015 8:51am
<p>He posted when we made a LL LH LL then HH so to get back into trend we need price to take out last LL
  • #7,669
  • Aug 16, 2015 9:02am Aug 16, 2015 9:02am
Quoting Divergence
<p>He posted when we made a LL LH LL then HH so to get back into trend we need price to take out last LL

ok that makes sense now thanks... sorry if i'm over complicating... just trying to get my head clear on the rules...so we wouldn't even think about a long there because we cant draw our cowboy hat...i.e not any head and shoulders there....and when the low is taken out we are back in the trend... now ti is very clear thank you
  • #7,670
  • Aug 16, 2015 9:15am Aug 16, 2015 9:15am
Quoting dagoods
{quote} ok that makes sense now thanks... sorry if i'm over complicating... just trying to get my head clear on the rules...so we wouldn't even think about a long there because we cant draw our cowboy hat...i.e not any head and shoulders there....and when the low is taken out we are back in the trend... now ti is very clear thank you
excellent once eyes are trained to see it then p a becomes clear to find the turning points
  • #7,671
  • Aug 16, 2015 10:01am Aug 16, 2015 10:01am
heres a few charts to train eyes
Attached Image(s) (click to enlarge)
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  • #7,672
  • Aug 16, 2015 10:29am Aug 16, 2015 10:29am
Hello all and Divergence

Firstly I would like to say this method is brilliant and refreshingly clean. I can say it was absolutely worth reading the posts from the advised page.

I had one question regarding the 2b entry. From researching this pattern I believe the entry is at the low of the second high. Are we , for this method , using the classical entry or are we entering at the break of the low to get in line with the direction of the day?

Regards,

J
  • #7,673
  • Aug 16, 2015 1:15pm Aug 16, 2015 1:15pm
Quoting Divergence
<p>
Quoting zirzovat
{quote} hello i just started to read your thread but i have seen your explanation that leads me to 354 th page as i see you totally left trading on mt4 and started to use another platform so please tell me is that a 5 min line chart? does your system work on currency crosses? what is your sl and tp ? sorry for my ignorance i am a newbie so i really dont know anything about your system. you mention about ticks i wanna know about pips these questions have already been answered i will not repeat it again read the thread and
...
but too many pages which page should i exactly go and read please?
  • #7,674
  • Aug 16, 2015 3:36pm Aug 16, 2015 3:36pm
Read post 1 it will lead you yo where we are
  • #7,675
  • Aug 16, 2015 4:30pm Aug 16, 2015 4:30pm
Quoting jubael
Hello all and Divergence Firstly I would like to say this method is brilliant and refreshingly clean. I can say it was absolutely worth reading the posts from the advised page. I had one question regarding the 2b entry. From researching this pattern I believe the entry is at the low of the second high. Are we , for this method , using the classical entry or are we entering at the break of the low to get in line with the direction of the day? Regards, J
say we are in downtrend for the day and price pullsback making HH HL each HL becomes the potential entry to go short as long as no other pattern happens from the HH spot
  • #7,676
  • Aug 16, 2015 4:49pm Aug 16, 2015 4:49pm
Quoting Divergence
{quote} say we are in downtrend for the day and price pullsback making HH HL each HL becomes the potential entry to go short as long as no other pattern happens from the HH spot
I see. Thanks Divergence - much appreciated
  • #7,677
  • Aug 17, 2015 6:42am Aug 17, 2015 6:42am
Hi Divergence,

The red and green vertical lines on your chart. Am I correct to assume that they are new york market open and close times?
  • #7,678
  • Aug 17, 2015 8:06am Aug 17, 2015 8:06am
Quoting jubael
Hi Divergence, The red and green vertical lines on your chart. Am I correct to assume that they are new york market open and close times?
yes green is 830 red is 1130 ny time
  • #7,679
  • Aug 17, 2015 8:33am Aug 17, 2015 8:33am
if market wasn't in a 40 tick range we had a hat at the bottom of market
Attached Image (click to enlarge)
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  • #7,680
  • Aug 17, 2015 8:50am Aug 17, 2015 8:50am
yes saw that ... worked perfectly
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