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trend catching with NonLagDot indicator

  • #1,721
  • Jan 23, 2016 2:25pm Jan 23, 2016 2:25pm
Quoting vickie_262k6
Hi thanks for ur wonderful strategy.. could u tel me how much take profit should i need to use , little bit confused ,,,, and in which session is best to use this method ie asia, usa uk etc ,,,, thanks in advance ,,,,,
​Hi Vickie , for target what I am using is a weekly target from a basket , could be reached in 1 or 2 days trading.
For others I don't know , it is like always up to each trader to choose his MM and his targets.
The system will give you good entry point exit will be you decision.
Trade the system on a demo account and the idea will be more clear for you .
  • #1,722
  • Jan 23, 2016 2:29pm Jan 23, 2016 2:29pm
Quoting kprsa
Not sure if this was mentioned earlier, but one could consider making this slightly more complicated: one could use the strategy on linked timeframes, so that one takes the first signal after the reversal on a lower tf, with this reversal constituting the first pullback after a reversal on the higher tf. This would have the advantage of getting a higher RR, since in principle the risk is defined on the lower tf and tp on the higher. k
​I think there are some traders here in the thread doing that, I don't know if it is working with them, but the idea is good and will give good profit for long term trades. If you start it please try to post results and charts to help others.
  • #1,723
  • Jan 23, 2016 2:59pm Jan 23, 2016 2:59pm
Quoting Lebaneese
{quote} ​I think there are some traders here in the thread doing that, I don't know if it is working with them, but the idea is good and will give good profit for long term trades. If you start it please try to post results and charts to help others.
Thank you for the answer and thanks for sharing your system. If I start this method I'll certainly share trades here.
k
  • #1,724
  • Jan 24, 2016 1:44am Jan 24, 2016 1:44am
besides don't keep the basket open over the weekend, do you guys keep it open over night while we zz?
  • #1,725
  • Jan 24, 2016 3:45am Jan 24, 2016 3:45am
Quoting SmoothTrader
{quote} Be sure that you understand the system. We place a pending buy stop at the high of the first counter trend down candle, after the candle has closed, when the dots are blue. The market never got that high again until after the next candle closed with a red dot which is when the pending buy stop would've been canceled before being filled. Therefore this was not a valid trade according to the system. Review the rules and make sure you understand them. Write ALL the buy rules down on a sheet of paper, or small 3x5 card, and write ALL the sell...
After i re-study the NJ chart, yes, i make a mistake, i set the entry point at the wrong end!
I should stick my 3x5 cards on my monitor now.
  • #1,726
  • Edited 2:02pm Jan 24, 2016 12:39pm | Edited 2:02pm
Quoting sechee
besides don't keep the basket open over the weekend, do you guys keep it open over night while we zz?

Hi Sechee, I personally let the trades run during night (asian session for me) and I will do the same with this system, even though it was not necessary untill now since all the baskets closed by the end of NY session. Lebaneese wrote he closes the basket before the end of the day.

M.
  • #1,727
  • Jan 24, 2016 3:48pm Jan 24, 2016 3:48pm
Market is about to open and there are some nice looking nzd setups in the making. Would you take them? Would you wait?
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  • #1,728
  • Jan 24, 2016 4:17pm Jan 24, 2016 4:17pm
Quoting failedbid
Market is about to open and there are some nice looking nzd setups in the making. Would you take them? Would you wait? {image} {image} {image}
The problem is that at the opening, and for about the 1st hour, the spreads can be excessively wide.

I personally chose to wait for it to settle down abit.

GREEN pips to you Good Sir.
  • #1,729
  • Jan 24, 2016 4:56pm Jan 24, 2016 4:56pm
Hello,

Been lurking for a while, started testing this system not long ago but since I'm not in front of my screen all day it's hard to measure it up.
What do you guys do about spread? Are you taking it into consideration or just take signals whenever one appears?


Thanks.


Lebaneese,
Thank you for this system, do you think I could post my EA draft for the participants here to comment on or would it be too much?
  • #1,730
  • Jan 24, 2016 5:06pm Jan 24, 2016 5:06pm
Quoting Reamasesa
Hello, Been lurking for a while, started testing this system not long ago but since I'm not in front of my screen all day it's hard to measure it up. What do you guys do about spread? Are you taking it into consideration or just take signals whenever one appears? Thanks. Lebaneese, Thank you for this system, do you think I could post my EA draft for the participants here to comment on or would it be too much?
Welcome to the thread.

Personally I start trading 1 hour after the market opens at the earliest. Spreads are one factor why. I usually wait for Tokyo to open to totally begin the trading day. Again this is just my opinion.

GREEN pips to you, and welcome to Mr Lebaneese's great thread.
  • #1,731
  • Jan 24, 2016 5:11pm Jan 24, 2016 5:11pm
Quoting SmoothTrader
{quote} Welcome to the thread.Personally I start trading 1 hour after the market opens at the earliest. Spreads are one factor why. I usually wait for Tokyo to open to totally begin the trading day. Again this is just my opinion.GREEN pips to you, and welcome to Mr Lebaneese's great thread.
Smooth

Do you ever sleep ....? or are you Terminator ?

Cheers mate
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #1,732
  • Jan 24, 2016 5:14pm Jan 24, 2016 5:14pm
Quoting landsat
{quote} Smooth Do you ever sleep ....? or are you Terminator ? Cheers mate
That's the beauty of being free to trade full time. Actually I am called the king of cat-naps by my family and friends. I will grab an hour or two here and there throughout the day. Usually during the North American trading session. Go figure.

GREEN pips to you, and may the markets reward all of your effort.
  • #1,733
  • Jan 24, 2016 5:15pm Jan 24, 2016 5:15pm
Quoting SmoothTrader
{quote} Welcome to the thread. Personally I start trading 1 hour after the market opens at the earliest. Spreads are one factor why. I usually wait for Tokyo to open to totally begin the trading day. Again this is just my opinion. GREEN pips to you, and welcome to Mr Lebaneese's great thread.
Thanks for replying.
The spread on some of the pairs here, with my broker, can start at 100 points and range even higher then that. My question is, should I even consider such pairs worthy of trading? I'm reluctant to trade anything above 80 points, at best.
  • #1,734
  • Jan 24, 2016 5:19pm Jan 24, 2016 5:19pm
Quoting Reamasesa
{quote} Thanks for replying. The spread on some of the pairs here, with my broker, can start at 100 points and range even higher then that. My question is, should I even consider such pairs worthy of trading? I'm reluctant to trade anything above 80 points, at best.
My limit is 60 points and that occurs on the Gbp/Nzd at times. Any higher than that and it adds too much head wind to a profitable trade, so I choose to not take the trade. For those pairs that have consistently wide spreads, I choose to not trade them. There are plenty of other pairs and opportunities.

May GREEN pips not only fill your account, but also surround your life.
  • #1,735
  • Jan 24, 2016 5:28pm Jan 24, 2016 5:28pm
Quoting SmoothTrader
{quote} The problem is that at the opening, and for about the 1st hour, the spreads can be excessively wide. I personally chose to wait for it to settle down abit. GREEN pips to you Good Sir.
you have a point and it does seem like a mistake now that the market seems to be moving away from my position.
  • #1,736
  • Jan 24, 2016 5:49pm Jan 24, 2016 5:49pm
Good Morning from Malaysia!

Manage to catch some pre-Tokyo opening Signal. (Accept GJ which i miss it)
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  • #1,737
  • Jan 24, 2016 5:54pm Jan 24, 2016 5:54pm
Looks nice can u post this indicator please

Thanks
  • #1,738
  • Jan 24, 2016 5:55pm Jan 24, 2016 5:55pm
Quoting sechee
Good Morning from Malaysia! Manage to catch some pre-Tokyo opening Signal. (Accept GJ which i miss it) {image} {image} {image} {image} {image} {image} {image}
Well on your way to building your first basket of the week

GREEN pips to you Good Sir.
  • #1,739
  • Jan 24, 2016 6:17pm Jan 24, 2016 6:17pm
on demo I make half of a basket target,in real dont start trading today
  • #1,740
  • Jan 24, 2016 6:24pm Jan 24, 2016 6:24pm
Quoting sameerbiz
Looks nice can u post this indicator please Thanks
Check out the 1st post. It has the indicators, scripts, and EA to manage the baskets.

GREEN pips to you.
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