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Damon's meat in the middle system

  • #121
  • Oct 5, 2015 6:38pm Oct 5, 2015 6:38pm
Okay... Here is another trade tonight that you really don't need any system to see. This is another PERFECT example of what was once support is now resistance. Then, price has come back up to test resistance. Which is where we are currently at. This is just one of those opportunities that you can use the system to enter the market. In a situation like this, you can use the 1hr or 30m and wait until a three indicators close red. Maybe this is a situation in which we will get an arrow. For better or worse, I just entered the market without waiting for confirmation. One could also wait for a downward wave pattern to form on the 5 or 15 min bar using the system template.

There are literally a handful of ways that can be used to enter the market. I thought that I would just pass on some of my wisdom to you. Enjoy the chart and the trade! More awesome stuff coming soon with the system

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH1.png Size: 81 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #122
  • Oct 5, 2015 6:54pm Oct 5, 2015 6:54pm
Long arrow EurUsd 4Hr chart. Sitting on top of support. Daily bar is a typical repeat daily move bar. Higher low entry arrow. Based on these items, I am not going to wait for the bar to close, but am going to enter it now. It is possible this trade could move against me because of my early entry, but I have a some confirmation that makes me feel pretty good about entering right away.

We are working on a few other nice features for the up and coming issues of the indicator. Please enjoy the trade and the chart!

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4.png Size: 80 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #123
  • Oct 6, 2015 10:10am Oct 6, 2015 10:10am
Well, last night I was my own worst enemy, which is the reason why I need a system. I foolishly made every singe trade last night that really had nothing to do with the system here, and lost everything that I won back the previous day by using the system rules. After last night, I will be going back to following the system rules religiously! Typical me..... But, in my defense, they were good trades. I have such a small balance here that I had my stops set too tight. I probably should have used a smaller lot size. Then I would have felt more comfortable with a larger s/l setting, and would not have gotten taken out few times. But, looking through the charts, it was very volatile, and there would have been no arrows that did not repaint which would have been the smart ones to trade. In that aspect, the new indicator would have have not even had us trading in this market at all. That is why this system is looking so promising!
"Keep your eyes on the helpers" - Mr. Rogers
  • #124
  • Oct 6, 2015 10:13am Oct 6, 2015 10:13am
Thanks everyone for voting. You all made the results tough to decide, still. Had I voted, which I didn't I would likely have picked gbp pairs, which would have made the results 3 and 3. However, I think that because the euro pairs will used the least of my flailing margin, I am going to go ahead and trade the euro pairs. Thanks for all those who took the time to share their opinion!
"Keep your eyes on the helpers" - Mr. Rogers
  • #125
  • Oct 6, 2015 10:23am Oct 6, 2015 10:23am
Quoting damonl
I have such a small balance here that I had my stops set too tight. I probably should have used a smaller lot size. Then I would have felt more comfortable with a larger s/l setting,
Defining a SL based on your lot size and balance will send you to ruin ... That's the lot size which has to be based on your SL.
MT4/MT5 EAs/Indicators/Alerts coder
  • #126
  • Oct 6, 2015 10:49am Oct 6, 2015 10:49am
hi Damon, pardon me if I interrupt and write on your thread.
from what I read, you seem still searching building about the system for trading. I am not intend to sell anything nor to teach. I just give my opinion which hope could give more benefit. although I am not indicatoric fans also I do not hate an indicator but I trade without indicator which i mean my indicator is price chart and several line on them. why you not try to draw a line to support your indicator system, maybe this kind of thing will make you see and watch differently, which mean you can pick which the true signal on your indicator with the low degree signal.
my chart is only this
Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_2026197_EURUSD_2015-10-06_22-40-40.png Size: 1.1 MB
we don't predict, we only ride
  • #127
  • Oct 8, 2015 9:43am Oct 8, 2015 9:43am
Quoting cakrajaya
hi Damon, pardon me if I interrupt and write on your thread. from what I read, you seem still searching building about the system for trading. I am not intend to sell anything nor to teach. I just give my opinion which hope could give more benefit. although I am not indicatoric fans also I do not hate an indicator but I trade without indicator which i mean my indicator is price chart and several line on them. why you not try to draw a line to support your indicator system, maybe this kind of thing will make you see and watch differently, which mean...
Hey cakrajaya:

Believe it or not, my charts used to look just like yours, and believe me when I tell you, that your chart offers me nothing when it comes to enter and exit points. I look at your chart and and I become more lost. I know this because I not joking when my charts were very similar to yours. You can check out my other 37+ threads I have posted on FF, and you will see that I speak the truth. I cannot trade charts like yours. I trade charts like mine and the things I have on them for the very reason because of what they offer me.

My worst enemy in trading is being there at the right time, picking a solid trading time, and waiting. Waiting for the proper entry. I am too sporadic and don't like sitting in front of chats.

Thank you for sharing with me. I am so glad that you can make something out of your chart with s&r lines, etc., but unfortunately, my brain does not work that way,

And yes.....They are both my pictures.
"Keep your eyes on the helpers" - Mr. Rogers
  • #128
  • Oct 8, 2015 9:48am Oct 8, 2015 9:48am
Quoting FerruFx
{quote} Defining a SL based on your lot size and balance will send you to ruin ... That's the lot size which has to be based on your SL.

Hey FerruFx:

I have got a bug that is leaving me in bed here the last three day. I have not been sick since my cancer treatments. Doesn't most every one preach to risk no more than 1% - 2% of your account balance, and try for more profit than your s/l?
"Keep your eyes on the helpers" - Mr. Rogers
  • #129
  • Oct 8, 2015 10:02am Oct 8, 2015 10:02am
Quoting damonl
{quote} Doesn't most every one preach to risk no more than 1% - 2% of your account balance, and try for more profit than your s/l?
My point was that once you defined your SL ... and based on your risk, you then calculate your lot size ... Not the opposite as you seem to do (define the SL after defining the lot size).
MT4/MT5 EAs/Indicators/Alerts coder
  • #130
  • Oct 8, 2015 10:06am Oct 8, 2015 10:06am
Quoting FerruFx
{quote} My point was that once you defined your SL ... and based on your risk, you then calculate your lot size ... Not the opposite as you seem to do (define the SL after defining the lot size).
In a sense you are right, as I am just using the smallest lot size available to me. Some times the second smallest. It is a pretty small account as I test this thing. I would think about things much more deliberate had I had more to lose.
"Keep your eyes on the helpers" - Mr. Rogers
  • #131
  • Oct 8, 2015 4:03pm Oct 8, 2015 4:03pm
Quoting damonl
{quote} Hey cakrajaya: Believe it or not, my charts used to look just like yours, and believe me when I tell you, that your chart offers me nothing when it comes to enter and exit points. I look at your chart and and I become more lost. I know this because I not joking when my charts were very similar to yours. You can check out my other 37+ threads I have posted on FF, and you will see that I speak the truth. I cannot trade charts like yours. I trade charts like mine and the things I have on them for the very reason because of what they offer me....
it is ok bro, I just said from my head my opinion. the most important thing is true yourself. love to see here on ff.
lets rock bro, never give up.
we don't predict, we only ride
  • #132
  • Oct 8, 2015 9:52pm Oct 8, 2015 9:52pm
Quoting cakrajaya
{quote} it is ok bro, I just said from my head my opinion. the most important thing is true yourself. love to see here on ff. lets rock bro, never give up.
Your opinion is always welcome here, and thanks for sharing. As for the rest, I will take your advice. It is good advice to all to follow. Please feel free to come back anytime! I hope to see you around!
"Keep your eyes on the helpers" - Mr. Rogers
  • #133
  • Oct 8, 2015 9:57pm Oct 8, 2015 9:57pm
Quoting damonl
{quote} Your opinion is always welcome here, and thanks for sharing. As for the rest, I will take your advice. It is good advice to all to follow. Please feel free to come back anytime! I hope to see you around!
sure bro.
we don't predict, we only ride
  • #134
  • Oct 8, 2015 10:00pm Oct 8, 2015 10:00pm
My apologies for not being around, but I have been in bed with a bug, not feeling like doing much of anything except making bad trades, not following the system, and falling asleep before putting a s/l in place. The usually things you do when you are sick and why one should not trade when sick. Things should be completed here soon, and then I will upload things that are up to date, and people can take it from there. Perhaps once this is all complete, I will be able to follow the system. I will also be branching away from this to working with FerruFx on a separate EA project. But, until that is done, this is what I will be trading.

I will be in touch soon enough!
"Keep your eyes on the helpers" - Mr. Rogers
  • #135
  • Oct 9, 2015 12:16pm Oct 9, 2015 12:16pm
Quoting cakrajaya
{quote} sure bro.
"Keep your eyes on the helpers" - Mr. Rogers
  • #136
  • Oct 11, 2015 1:41pm Oct 11, 2015 1:41pm
Hello and Good Afternoon:

I hope everyone has/is having an enjoyably weekend.

I have uploaded the newest and the last version of the indicator. Everything that I wanted from it is now complete, and unless there is good reason to make changes to something. This is the final version. On the first page I explain everything that there is to know about this new version. You should read it so you understand how everything works.

I have also uploaded the newest version of the template which I am using. You will notice some real changes, but with the updates to the indicator, some things became unnecessary, and I replaced them with things I felt would be more useful. It also opens up the trading methods and strategies in which we can trade to become successful.

I am not trading anything less than a 1hr chart, but only that on a few pairs. Mostly, I am just trading 4hr, and 1d bars.

So, it is time to let everything else go, take my signals, and make this happen. I will get into trading techniques, etc., as I post charts, etc, and a little at a time. For now, I am going to put the computer down, and take a break and see what happens when the market is open.

Enjoy!
"Keep your eyes on the helpers" - Mr. Rogers
  • #137
  • Edited 8:42pm Oct 11, 2015 7:28pm | Edited 8:42pm
Okay... I have entered some trades based on the system. Three of them to be exact. They are all they are all the same kind of entries, so I will only explain one of them, but will put all three of them on this post.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 37 KB


Okay, What do you see? Well, I see a group of lows followed by another group of lows which are higher than the previous group of lows. I call this Higher lows. This provides me with a great buying opportunity to look for an entry. Because of the system, there were 3 to 5 different entry alerts that you could have entered on. Let me go over them with you:

1. You could have entered when the arrow first appeared from our wave indicator.

2. You could have entered when the NLD changed colors. Normally this is risky trade, as at this position, the dot can repaint, However, given what I saw on the chart, under these circumstances, and the looks of the 4hr and 1d charts, there would have been very little risk in taking this early entry.

3. You could have entered when you received the "Current Candle" alert because the arrow was on your chart.

4. You could have entered when the bar closed and the NLD was still on the bar.

5. You could have entered when you received the "Candle Closed" alert, signifying that the arrow placed by the indicator was still there at the close of the bar

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 39 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 43 KB


I would love to hold these three trades all day! There is a reasonable chance that they will!
"Keep your eyes on the helpers" - Mr. Rogers
  • #138
  • Oct 12, 2015 9:59am Oct 12, 2015 9:59am
Had a great start to trading system rules only:

The EurUsd & EurJpy trades broke out, and so I set my t/s and moved my s/l at +10 pips for each pair, and went to bed. Turns out it was a false breakout, but the result was 2 winning trades.

The GbpUsd stayed open all night, and I closed it this morning on a 1hr goji star reversal bar for a nice pip total.

Before I closed the GU trade, I got an alert for a GN entry that hit its TP just a few minutes ago.

That is 4 for 4 winning trades since sticking to the system. With patience, this will only be the beginning!

This is one fantastic system!
"Keep your eyes on the helpers" - Mr. Rogers
  • #139
  • Oct 12, 2015 10:46am Oct 12, 2015 10:46am
Whenever I am working on some project, I always like to do it on my laptop, because then I am always mobile. Makes sense right? Well, we have a very modest house, and whenever I am doing something that just involves my laptop, it drives my wife crazy because when on my laptop, I never want to be in the "office". Which gives me one less space where we can get a little free time from each other, and opens lots of areas where I can plop down anywhere. Well, since this project is done, and all that is left is to trade. I am now able to update my "office" computer with the charts, and can enjoy all the areas in my house and away from it where I trade.

It will be good to be freed up to trade in more areas of the house now that this project is complete! There is even a nice view from the office window which I don't get anywhere else., which will be nice to get back to. Though, for the next six months, it will mostly be white. Yes...free at last!
"Keep your eyes on the helpers" - Mr. Rogers
  • #140
  • Oct 12, 2015 5:40pm Oct 12, 2015 5:40pm
Well, I thought I would get together with you and show you two trades I made earlier which I am not sure where they are going at the moment, but they are both in profit, and show as something possible I could be able to hold all night, once again. We will just have to see.

Here we go:

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 82 KB


On both trades, I entered on the earlier, repainting signals, but given the heights of the wave or the positions of support and resistance, I felt comfortable in doing so. I actually think I could have gotten a lower enter in gy, but if we get a retrace back down there, it may give me the opportunity to get that lower entry I wish I had gotten before.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 87 KB


Enjoy the charts!
"Keep your eyes on the helpers" - Mr. Rogers
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