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trend catching with NonLagDot indicator

  • #2,481
  • Feb 8, 2016 3:56pm Feb 8, 2016 3:56pm
Quoting sj9bp20
{quote} Hi Kooky, What other indi's have you got running ?
Easier to send screenshot, theres a few, however they used to work fine'??

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  • #2,482
  • Feb 8, 2016 11:59pm Feb 8, 2016 11:59pm
Quoting Maximilian75
{quote} So what was your approach for taking profits? The same as on M30, means a basket closure at 100pips? I am asking because I am trying a daily TF at the moment and my lovely basket posted few pages back melted down like icecream in the sun, therefore I assume my single trade TP (3xATR D1; 14) was too high. Actually only a few trades reached it. I am considering a basket closure at 1000pips or to lower the TP like 2xATR. Anyhow, the system is still in profit. What is your experience on higher TF? Cheers Max
​on high TF u cant use basket trading . Basket is only for low TF. 4H and daily should be independent trades each pair alone with SL and TP you will define them.
M30 give many signals but 4h and daily don't u cant take a part of the trend and sit all the month watching the trend moving.
  • #2,483
  • Feb 9, 2016 1:07am Feb 9, 2016 1:07am
Maybe someone could advise me? Do i have to wait for London open to start trading basket or can i trade at every time of any session?
  • #2,484
  • Feb 9, 2016 1:09am Feb 9, 2016 1:09am
Quoting Cizz
Has anyone found any decent setups today 4h+ chart?
​Cizz on 4H trading it is not supposed to have everyday trades, set on 4H is harder than lower TF . could have a weekly signal.
and on 4H u have time to discuss the signal on the thread here , if u saw any supposed set up post here and I will analyse it if good or no.
  • #2,485
  • Feb 9, 2016 1:12am Feb 9, 2016 1:12am
Quoting laksior
Maybe someone could advise me? Do i have to wait for London open to start trading basket or can i trade at every time of any session?
​u can start building a basket anytime and any session . no rule for that , and lately the best basket was in Asian session. which mean early move.
  • #2,486
  • Feb 9, 2016 1:13am Feb 9, 2016 1:13am
Lebaneese, could You give a simple explanation with pictures when the trend is exhausted and when is good for take the trade?
I'm little confused.
Thanx
  • #2,487
  • Feb 9, 2016 5:26am Feb 9, 2016 5:26am
AUDNZD on daily.
A bit ugly and it's inside a wedge so I'm not very happy with it but letting it roll.
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  • #2,488
  • Feb 9, 2016 6:34am Feb 9, 2016 6:34am
Sadly I don't have too much time to trade these days but today I saw an opportunity for a quick scalp.
UC sell for 22 pips.

Green pips to everyone!
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  • #2,489
  • Feb 9, 2016 7:26am Feb 9, 2016 7:26am
Quoting laksior
Lebaneese, could You give a simple explanation with pictures when the trend is exhausted and when is good for take the trade? I'm little confused. Thanx
​post a chart and I will comment on it . I don't know what exactly u want and where u are confused ?
  • #2,490
  • Feb 9, 2016 7:28am Feb 9, 2016 7:28am
Quoting Reamasesa
AUDNZD on daily. A bit ugly and it's inside a wedge so I'm not very happy with it but letting it roll. {image}
Triggered.
  • #2,491
  • Feb 9, 2016 7:28am Feb 9, 2016 7:28am
-226 pips today

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  • #2,492
  • Feb 9, 2016 7:48am Feb 9, 2016 7:48am
Quoting laksior
-226 pips today {image} {image} {image} {image} {image} {image} {image}
Hi,

I don't trade NLD as a basket (I do but on basket charts, on individual charts I trade it as a per pair system), but what I've learned when I was using it on the M30 and couldn't create a profitable basket is that you can't blindly take all the signals.
You need to read the charts, too.
From what I see, your entries are either too late or during formations (such as wedges) that, I, myself wouldn't have traded (thus, no basket for me).
I'm at work and can't edit your screenshots to show you what I mean, sorry, I can do it when I'm at home or one of the distinguished members of this thread can do it.


Regards.

[EDIT]
Also, while your tight SL might have saved you from loosing more pips, they should have been placed lower then they are on your charts.
  • #2,493
  • Feb 9, 2016 7:54am Feb 9, 2016 7:54am
Quoting laksior
-226 pips today {image} {image} {image} {image} {image} {image} {image}
As I see, some of these trades went 20-30 pips in your favor. I'm also still working on money management for this strategy, but I think this 20-30 gain is when you should put your SL to BE. (like your UC, GU, NU, AU trades)
AJ, NJ didn't work out... If you look at the bigger picture, bears are still strong.
GJ, it's too volatile for me.

That's just my two cents. Maybe the more experienced traders will have better view on your trades.
  • #2,494
  • Feb 9, 2016 8:18am Feb 9, 2016 8:18am
Quoting laksior
-226 pips today {image} {image} {image} {image} {image} {image} {image}
Looked at your charts and the other members comments and i would agree with them but id also wonder what was the reasoning for entering the trades? Even if you where taking signals blindly there where some nice moves before that if taken would probably have covered your losses.

Some small hints from me would be, at the beginning of your trading ray look at the daily open price and recent hi/lows and only trade reversals or breakouts of these levels with confluence of the nonlagdot signal.

Also as one other person said your SL placement is wrong as per the strategy anyway. It should be at the beginning of the push. This is why its best to look for trades at the beginning of a trend for tighter SL.

This is what i look for. Each trader uses the nonlagdot in different ways but this has been successful for me.
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  • #2,495
  • Feb 9, 2016 8:18am Feb 9, 2016 8:18am
Lag Dot indicator . Follower of the trend .
Patience is best EA in Trading
  • #2,496
  • Feb 9, 2016 8:38am Feb 9, 2016 8:38am
Quoting Reamasesa
{quote}...You need to read the charts, too....
I agree with you, a trader need to read the chart but learning to read the chart can mean different things to different people. But let's suppose you know how to read the chart why would you need a lagging indicator such as the NLD since it displays random entries that can sometimes falls in line with price action? I think some members should give some thoughts to it.
  • #2,497
  • Feb 9, 2016 9:02am Feb 9, 2016 9:02am
Quoting crixus
{quote} I agree with you, a trader need to read the chart but learning to read the chart can mean different things to different people. But let's suppose you know how to read the chart why would you need a lagging indicator such as the NLD since it displays random entries that can sometimes falls in line with price action? I think some members should give some thoughts to it.
I can only testify for myself, so, I'm reading the charts, there's this wedge, I place my order, I'm happy, it breaks the other way. I loose. I'm no longer happy.
Now repeat that several times and you start to get a feeling that you can't read charts, and then you need to grow stamina and patience and go back to basics all over again, draw S/R, trends, the works.
so for me, if I can glance at a chart and get the notion of what's going on, not from NLD's signals but from S/R or whatever, it helps. You add the NLD signals to the mix, and take only those you think are in line with what you read and you slowly, very very slowly, start to trust yourself again.
I'm not yet able to trade a naked chart, I think this is the simplest answer to your question. I wish I was able but I'm not yet that trained.

Lebaneese mentioned EW, if it stands for Elliot Waves, than he certainly doesn't need the NLD but still uses it.
I, myself, am willing to (try and) use everything that might give me an edge and is simple, I try to walk away from complex systems, part of it because I don't have enough time to trade (and I'm a trade junky, which, in part, is one of the obstacles for me) and part of it because I truly believe that less is more in terms of reading charts and trading.

Sorry for the babbling.
  • #2,498
  • Feb 9, 2016 9:04am Feb 9, 2016 9:04am
Quoting Reamasesa
{quote} Hi, I don't trade NLD as a basket (I do but on basket charts, on individual charts I trade it as a per pair system), but what I've learned when I was using it on the M30 and couldn't create a profitable basket is that you can't blindly take all the signals. You need to read the charts, too. From what I see, your entries are either too late or during formations (such as wedges) that, I, myself wouldn't have traded (thus, no basket for me). I'm at work and can't edit your screenshots to show you what I mean, sorry, I can do it when I'm at...
As i see, my entries are in line with the strategy we are testing. But i'm waiting for Your suggestions.
About SL's, i placed them on recent hi or low so i dont't know waht You're talking about. So i will wait for Your screens.
  • #2,499
  • Feb 9, 2016 9:05am Feb 9, 2016 9:05am
Quoting unverzagt
{quote} As I see, some of these trades went 20-30 pips in your favor. I'm also still working on money management for this strategy, but I think this 20-30 gain is when you should put your SL to BE. (like your UC, GU, NU, AU trades) AJ, NJ didn't work out... If you look at the bigger picture, bears are still strong. GJ, it's too volatile for me. That's just my two cents. Maybe the more experienced traders will have better view on your trades.
Yes, trades went in my favour but in basket as i know we do not move our SL's to BE
  • #2,500
  • Feb 9, 2016 9:19am Feb 9, 2016 9:19am
A trade on #DailyI# on M30, waited for the S/R break after the signal appeared and took a trade.
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Waiting for S/R break, looks nice even though I'm not sure the trend is about to end and the chart is headed for a trend change or just a retrace. I'm still on the fence on this.
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