Damon's meat in the middle system

Yes, the charts were shot before I realized that the NLD indicator was off. I was wondering why things seemed so confusing. I don't know how it happened but it did. I went and reloaded up the proper settings again here http://www.forexfactory.com/showthread.php?t=555004 and though they will be different than the charts shown, any new charts will match these updated templates that are currently correct as to what I am using on my charts. Sometimes, it might be necessary to adjust settings on a per pair basis, but that is something that will take more research, and the watching of price action from here forward.

Hopefully this has answered your questions.

Bundles of thanks, and make it a great day!

Exciting Stuff Coming Up!!!!!

I don't know if any of you remember reading about how I had to stop trading for a while because I was burned out. But, I chose to put down my charts right at the time when I thought I was on the verge of becoming a successful trader. Except that it was not going to happen unless I took a break. Well, that was over a year ago. Now that I am back, I still am closer than ever, and everything that I have posted was things that I was working on when I stopped and took my break. The problem was that I was just struggling to put it all together. Well, with the addition of a few simple indicators, I think I have now successfully put my system together. I can now literally visualize how every type of trade works on my chart, in my head. That is the point I think I needed to get to, and I hope that I am now there.

I don't have time now, but as you know I have two threads. Well, what is going to happen is I am going to now combine both threads into one, and that one thread will be this one. I am going to introduce the changes, and I am also going to give out some of my proprietary indicators which I had FerruFX make for me. Probably not all of them, as the do not have anything to do with the system, but the ones that have to do with the system. They will allow us to get signals so there is no real chart watching.

So stay tuned, I think that this is about to get real exciting...... I hope anyway

Damon I sent you a pm you are free to acknowledge it or discard it your choice

Thanks... I know what my choices my are.

First off.... Please don't be alarmed. This is still a PA system and you can easily still use it as 2 TF system. Many of you might also look at my results so far and think that what I am doing is not working, but I have not in the least been trading my system...why, because until now, things were not connected. I was simply making trades between going to the hospital, etc, as the last two weeks have been very volatile for me, and I should never have made a single trade. But, rest assured, from here on out, things will be quite different.

Steps to price action in order:

1. The reversal
2. The continuation
3. The entering of the trend
4. The reversal

Of course, if we are range bound, there would be no entering of the trend.

Now, FerruFX has created for me a indicator, based on my rules, which can be used to hit reversals, however, it has been over a year, and I have forgot how it works. Actually, he created me two indicators which can catch reversals for two difference circumstances, and I need to remember how both work. they are dangerous, but used at the right places, they can help hit the change in direction early. I think that I will not hand these reversal indicators out in the templates at this time until I remember how they work.

Next, after the reversal, one needs to know if the trade will continue. For this I will be using the two indicators known as Super Trend and Super_Trend together on the chart along with the non-lag dot. Now, the good news is that, if you miss the reversal, you can hit the continuation, which is the start of the meat in the middle. In a range market, you would set your TP at the other side of the range. If you are trending, you can choose to leave your trend open if the market has been trending. Good stuff right. You can even follow these three indicators right up from the 1HR to 4HR to Daily if the condition is right, and next thing you know, you are actually watching the daily chart where major pips can be gained.

For this part of the system, I do not have an indicator for, as this is the part that was missing, which I have just added.

Once the continuation has been met, you are now into the trend. When you are in the trend, you will be able to use the indicator that I had FerruFX make for me, which will help you find slingshot trades and alert you via email or push message to your phone with no chart watching, Believe it or not, in a long trend, this indicator can allow you the opportunity to add on multiple positions in a safe way.

I also have a PA divergence indicator which I also do not remember how it works, but it uses the 3 EMA, and gives an alert whenever a bar closes against it, The problem is that I don't remember how to trade it, if divergence does happen, or if I decided that this indicator was not worth the time.

So, I know that I have put a lot of information on this post, but I think that I will break down the steps in following posts to make this system easier to understand.

Also, the newest templates and indicators will be uploaded to the first page of this post, as I have finally figured out how to combine the to threads into one. I am expecting that it will take many of you a while to wrap your head around all of this, but it is really very simple. Keeping it simple has always been my moto. Unfortunately, the one that had the hard job might have been FerruFx, but man can that guy code! None of this would have been possible with out your work FerruFx. I had a vision, and you gave everything to help me reach it. I can't thank you enough. I know that there will be a few things that I will like to do to at least the whiplash indicator and adding a filter. The filter of the Super Trend and the Super_Trend. So that we would only get signals in the direction when both were the same color, with the ability to turn it on an off.

Any questions, please throw them my way, but otherwise, I am going to head to the first thread and upload what is needed. This should be a lot of fun and should help us get a lot of pips, and I am glad to share it with all of you!

1st post has had major update.... enjoy !

Okay, so the first part of the trade is the reversal, which I am not going to worry about at this point in time. So, I am going to talk about the continuation or the verification trade. This trade is a real time trade. It happens at the moment that the NLD, the Super Trend, and the Super_Trend, all become the same color. When this happens, it is time to enter the trade.

The best way to know when this happens is to have the NLD alerts on, and you will get a notification alert. When you get that alert, you can come to your chart and see if the other two indicators line up. If they do, enter the market, and if they do not, wait a bit until they do, and then enter the trade. This little piece of confirmation is what was missing before. Just the NLD by itself was good, but not enough to rule out the false signals. The addition of these two other simple indicators helps rule out the false trades. Nothing has changed from what I originally introduced, except I have added confirmation that the NLD was better likely not to be a false signal.

Now, on the 4hr charts, I have the NLD signals on all the time. For the hourly or 30m charts, I have uploaded two separate templates. One has the NLD alerts turned on, and the other has the NLD alerts turned off. This is because I prefer to only have the alerts turned on for my 30m and 1hr tf charts when I am actually right at my computer trading. Make sense?

For setting the take profit, it depends. In this market, you will want set them at either the top or bottom of the range, as we are currently in a ranging market. However, if we are in a trending market, you might want to let it go, and look to add more positions by taking signals from the whiplash indicator which is basically the slingshot trade I introduced in the other thread. However, get to know the indicator a little bit to find out how it works before trading from. Just because you get a signal does not mean you should take the trade.

The system is really best traded when you can turn on the 30m or 1hr NLD alerts, or any smaller TF for that matter, and hit this verification trade in the direction of the larger TF chart.

So, this is the continuation or verification part of trading this system and how to trade it. If you have any questions, please fire away, and I will get back to you when I can.

Here is the chart of my current trade. It was taken from a whiplash alert on the D! chart. It is not the most ideal trade, because only 2 of the three confirmation indicators are showing short which is the direction of the trade. You can see by the picture that one of the Super Trend indies still is blue, while the other Super_Trend indie, and the NLD are red. Still, I thought that I would take the trade. Today I am busy, and really should not be a trading day for me again. It is these days when I should not trade and do that I get into trouble. The days that I can trade and do, I end up doing very well.

I closed it early for a loss. It is my fault for jumping the gun and taking the trade when all confirmation indicators were not lined up. That is an important aspect to this system unless you are trading for a reverse which requires a whole different mindset.

Got to run for now, so make it a great day!

On the flip side, had I been in the trading mode today, I would have than say the signal on the 4hr bar from the whiplash as well as the the fact that all three indicators were in agreement, and could have went long around 1.7754 once all factors met up on the 4 hr bar. Have to be quick, but have to be focused and not heading out the door like I have to do in a few minutes.. lol

Enjoy this picture.....

Once you have established that you are in a trend, the whiplash indicator is a great tool to help you find other entries into the market. Just put it on the chart as it is, make sure that you get the type of signals that you want, and it will actually give you the entry price right there on the candlestick. Pretty cool hey? Trading it on anything lower than the 4hr chart might be kind of noisy, but that is up to you. I also suggest that whatever pair that you are trading it on, that you only trade in the direction in which the NLD, the Super Trend, and the Super_Trend indicators are all in agreement on. Anything else is swimming against the current, and better to find a reversal system.

BTW... the Whiplash Indicator trades basically the same way as the slingshot trade which I introduced in the other thread, early on, when I needed to have these two threads separate, as I lacked some things to tie them together.

The other thing you can do, once you are in the trend on a higher pair, is to trade verification trades on lower tf's and add positions, as your other positions gain in profit, and then the market pulls back a little.

I hope that this helps explain how to trade this system, once we know that the market is in a trend.

I am here for any questions, and I will post charts, etc. as I actually make system trades, and not just off the cuff trades, which usually do not turn out so well.

This is good stuff here with a way to trade PA, and a way to trade trend and multiple tf with multiple indicator correlation all from one chart !

Enjoy, and make it a great day!

I have to adjust the templates a little bit. The 4hr template is right, but I forgot to make the adjustments when I quickly made the templates for the other tf's. I will do that as soon as I can. Later tonight most likely. This is going to be a fun and prosperous system to trade.

I will let everyone know when I get the templates updated.

Make it a great day!

Why not put up your trade explorer again and let that be the proof that's in the putting then people will join and ask questions. If it's not they wont

Okay... I believe that I now have the right settings for the templates.......

Why are you here, Divergence?

I could ask you the same question but I won't I have seen enough

You could, but you didn't. I am so glad for you...that you have seen enough. As for me, I have not nearly seen enough, but I am glad that you have, and as such, that must mean that you sadly will probably not have any more reasons to show your "no face" around here any more. That has sadly ruined my whole evening. But in someway, I am sure that I will get through it. Please excuse me while I get a Kleenex !

Here was an example of a validation trade on the D1 chart for GbpNzd. I took this trade because in real time, all three indicators lined up in the same long direction. It was possible to get in on this trade earlier from lower tf's, but unfortunately, I was unable to trade today in any productive manor.



Does anyone have any questions about this trade?

I will be watching the TP pretty closely, as we have been ranging for many weeks now, so I am not expecting a trend starting here. Going to be taking my pips and moving on to the next trade. I am however hoping for another higher high where I can TP.

Make it a great night!

After a slight pullback overnight, which did not hit our SL, our trade is nicely in profit! And, looking at the 1hr and 4hr bars, could be looking to go higher. It is time to go to BE on on this trade, and consider closing it at first signs of a reversal move watching our three indicators on a lower tf chart.

Make it a great day!

Unfortunately, I won't have much else for you today. I have to take my wife into the clinic, etc..... In the past I have traded quickly on days like this when I shouldn't, as my mind is really in too many places. Plus, because I had to get somewhere, I would end up not following my system and just making a trade where I thought the market was going to go. Something a person can get away with in a trend, but not in this ranging volatility were are in right now. Now that I have filled in my missing piece, I don't think I will have to do that any longer.

So, my posts will be hit and miss, as I will put them in when I make a system trade for all to see. Otherwise, I have laid the system out for all to take a look at who want to, and will be around to answer any questions that you may have.

Some seem to be confused as to why I am here. I shared what I am doing with all of you, because it was missing something, and the only way that I could find it was to lay it all out in front of me, one piece at a time. Not because I want to be some big shot of FF with a bunch of followers. No no no, I am much more selfish than that. I came back here for me. But, I have also found that sometimes, in order to get what I need, I have to give what I have to give, as it just might be what others need. So, if some of this system, or all of it is useful, then take it and use it in your own trading. That is why I gave it to you all. And, if none of it is for you, that is just fine too. I have seen many systems that are completely not right for me. You can just walk away and wish us luck.

With that all said, I have head out the door.

Bundles of thanks, happy trading, and make it a great day!