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trend catching with NonLagDot indicator

  • #2,521
  • Feb 9, 2016 12:47pm Feb 9, 2016 12:47pm
Quoting Elios
{quote} I think that the NLD indicator is not enough for a succesful trade. Mrs Kosmo said you about S/R which is an excelent tool that will help you. Another tool you have to consider is the H4 trend and the daily candle. As you can see in the chart, you decided to go long when there was a downtrend in H4 and the daily candle was red. With the same 2 factors you can explain the other failed trading decisions you made today. So my advice is to use 2 more indicators (H4 Non Lag and Daily candle) and to watch the S/R lines. {image}
I want to tell You something.
In Forex market You'll never know when the trend will start and when will end.
Another thing - every support or resistance could be broken.
That's sure things.
So i think that we should focus on simple rules for this system and take no exceptions.
Even if everything that You know tells You that You're going wrong way... take the trade according to the rules.

2 cents

I'm newbie so if You dont agree that's OK. I can be wrong with my thoughts
  • #2,522
  • Feb 9, 2016 12:48pm Feb 9, 2016 12:48pm
Nice to see my acc growing day by day.... Great sys...
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  • #2,523
  • Edited 3:20pm Feb 9, 2016 1:32pm | Edited 3:20pm
Quoting laksior
{quote} I want to tell You something. In Forex market You'll never know when the trend will start and when will end. Another thing - every support or resistance could be broken. That's sure things. So i think that we should focus on simple rules for this system and take no exceptions. Even if everything that You know tells You that You're going wrong way... take the trade according to the rules. 2 cents I'm newbie so if You dont agree that's OK. I can be wrong with my thoughts
My experience is this (open your ears and listen).
I tried to trade with just one indi (NLD) but I failed. So then I tried some more things. The first one was the H4 trend and the second was the daily candle which Ms Kosmo uses. Whenever I trade this way (see my posts 2378 and 2466), I am succesful.
With all that, I dont want to say that Lebaneeses system is not good. It is good for him but not for me. So I take from Lebaneeses system the NLD and the basket trading. I take from Ms Kosmo the daily candle and the daily open line and I make my own approach which I can understand and which makes sense to me.
  • #2,524
  • Feb 9, 2016 2:30pm Feb 9, 2016 2:30pm
Quoting Elios
{quote} My experience is this (open your ears and listen). I tried to trade with just one indi (NLD) but I failed. So then I tried some more things. The first one was the H4 trend and the second was the daily candle which Ms Kosmo uses. Whenever I trade this way (see my posts 2378 and 2466), I am succesful. With all that, I dont want to say that Lebaneeses system is not good. It is good for him but not for me. So I take from Lebaneeses system the NLD and the basket trading. I take from Ms Kosmo the daily candle and the daily open line and I make...
  • #2,525
  • Feb 9, 2016 8:10pm Feb 9, 2016 8:10pm
Those using additional filters are probably not basket trading according to the rules. I struggled with some of the trades Lebaneese has shown here, because according to my limited PA understanding, they do not make sense. Although I do not basket trade (would need an EA) I think basket trading the M30 is what makes it work.

Lebaneese has said that he does not use basket trading on the H4, so know doubt some of this other stuff comes into play then.

Have a look at X2x's post above, lost 6 out of 16 trades and good profit from an EA trading to the rules.
Good Trading
  • #2,526
  • Feb 9, 2016 8:51pm Feb 9, 2016 8:51pm
The rules for the system are simple.

It is then up to the individual trader if they want to have further confirmation/confluence with the signals. There is nothing wrong with that if it helps you succeed. I don't think anyone on this thread (At Least Recently) trades with just the nonlagdot signals.

It may not be an indocator, it may just be sight, but everyone seems to look for confluence rather then just blindly taking any signal.
  • #2,527
  • Feb 9, 2016 11:36pm Feb 9, 2016 11:36pm
Quoting crixus
Question to @Lebaneese Can your system work without taking into account support and resistance. So far in this thread you have posted many examples but without never saying a word about this aspect. In many of your examples, i have seen entry signals occuring in front of support or resistance in order to take an early reversal. It's clear that what Kosmo has showed is a different approach and system and for her the Non Lag Dot is secondary in her decision making process. Just curious to hear your...
​if you take the right reversal entry point , u don't need for support and resistance . Fast reversal and close entry to the top and bottom don't need anything else. So the most important is the catch the right entry and not taking trades in random place.
  • #2,528
  • Feb 9, 2016 11:38pm Feb 9, 2016 11:38pm
Quoting laksior
{quote} Thanks Kosmo for Your point of view. I know the support and resistance. I just wanted to test the signals depending only on strategy not on my knowledge. It failed. Next time i'll be watching for significant levels. Cheers One more question Only I had that bad day today?
you cant trade any system blindly , none will work good if u don't read market and get the best entry point.
each system need minimum trading knowledge.
  • #2,529
  • Feb 9, 2016 11:48pm Feb 9, 2016 11:48pm
Quoting mrhigurashi
The rules for the system are simple. It is then up to the individual trader if they want to have further confirmation/confluence with the signals. There is nothing wrong with that if it helps you succeed. I don't think anyone on this thread (At Least Recently) trades with just the nonlagdot signals. It may not be an indocator, it may just be sight, but everyone seems to look for confluence rather then just blindly taking any signal.
  • #2,530
  • Feb 9, 2016 11:48pm Feb 9, 2016 11:48pm
Quoting Lebaneese
{quote} you cant trade any system blindly , none will work good if u don't read market and get the best entry point. each system need minimum trading knowledge.
So Mr Lebaneese system is not a mechanical system which one can blindly follow, but a discretional system and price action knowledge is needed. If you cant read price action you need further confirmation/confluence by using other tools (indicators, S/R lines, currency relative strenght etc).
  • #2,531
  • Feb 10, 2016 12:10am Feb 10, 2016 12:10am
Quoting Elios
{quote} I think that the NLD indicator is not enough for a succesful trade. Mrs Kosmo told you about S/R which is an excelent tool that will help you. Another tool you have to consider is the H4 trend and the daily candle. As you can see in the chart, you decided to go long when there was a downtrend in H4 and the daily candle was red. With the same 2 factors you can explain the other failed trading decisions you made today. So my advice is to use 2 more indicators (H4 Non Lag and Daily candle) and to watch the S/R lines. {image}
Of course you can trade any rules u want , u a free to trade what u want . For me I trade reversal and trend following . Others will trade only reversals while u can trade only trend follow.​
U don't have to follow all my rules if don't suit u , like always u have to find your own way and not follow others way.
  • #2,532
  • Feb 10, 2016 12:16am Feb 10, 2016 12:16am
Quoting aud
Those using additional filters are probably not basket trading according to the rules. I struggled with some of the trades Lebaneese has shown here, because according to my limited PA understanding, they do not make sense. Although I do not basket trade (would need an EA) I think basket trading the M30 is what makes it work. Lebaneese has said that he does not use basket trading on the H4, so know doubt some of this other stuff comes into play then. Have a look at X2x's post above, lost 6 out of...
​since I start the thread I said it is basket trading , if u want to succeed trade it as a basket.
if u trade 8 pairs and 5 was bad believe me 3 good trending will cover loss and give profit.
u cant judge until u try it . if u failed share with us your experience .
  • #2,533
  • Feb 10, 2016 12:17am Feb 10, 2016 12:17am
Quoting Elios
{quote} My experience is this (open your ears and listen). I tried to trade with just one indi (NLD) but I failed. So then I tried some more things. The first one was the H4 trend and the second was the daily candle which Ms Kosmo uses. Whenever I trade this way (see my posts 2378 and 2466), I am succesful. With all that, I dont want to say that Lebaneeses system is not good. It is good for him but not for me. So I take from Lebaneeses system the NLD and the basket trading. I take from Ms Kosmo the daily candle and the daily open line and I make...
​that what a good trader should do , FIND YOUR OWN WAY.
  • #2,534
  • Feb 10, 2016 12:19am Feb 10, 2016 12:19am
Quoting Elios
{quote} I think that the NLD indicator is not enough for a succesful trade. Mrs Kosmo told you about S/R which is an excelent tool that will help you. Another tool you have to consider is the H4 trend and the daily candle. As you can see in the chart, you decided to go long when there was a downtrend in H4 and the daily candle was red. With the same 2 factors you can explain the other failed trading decisions you made today. So my advice is to use 2 more indicators (H4 Non Lag and Daily candle) and to watch the S/R lines. {image}
​This trade for me it break 2 rules :
- Stop loss is too big to take such trade
- if taken it didn't hit SL and at some point it moved so we can set BE .
So in general it wasn't a loosing trade worst was BE .
  • #2,535
  • Feb 10, 2016 12:25am Feb 10, 2016 12:25am
Quoting Elios
{quote} So Mr Lebaneese system is not a mechanical system which one can blindly follow, but a discretional system and price action knowledge is needed. If you cant read price action you need further confirmation/confluence by using other tools (indicators, S/R lines, currency relative strenght etc).
​this is a fine example how we can trade 2 direction and both be win when u got a clear signal and good set up.
first trade was with Daily trend and second trade was even better trend but was against daily trend .
If u choose to trade reversal they will ALWAYS be against daily trend ( if it is not your style just simply skip it and go with daily trend )
Here u have to decide what are u trading and set your own rules.
One more last advice , if u want to trade the system don't skip trades take all what u see.
Good luck .
  • #2,536
  • Feb 10, 2016 12:27am Feb 10, 2016 12:27am
EJ
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  • #2,537
  • Feb 10, 2016 12:49am Feb 10, 2016 12:49am
Quoting kosmo
{quote} Laksior, you keep buying into resistance and selling into support. Learn to find those levels on a chart in order to work with them, not against them. See my comments on your charts. {image} {image} For USDCAD and GBPUSD I used my own charts to show that you need to zoom out sometimes to see where the possible reactive points are. {image} {image} You don't need arrows to tell you what to do, you only need to look left.
​Thank you Kosmo for those valuable information, I am sure it will help much the traders , keep posting.
  • #2,538
  • Feb 10, 2016 12:51am Feb 10, 2016 12:51am
Quoting Lebaneese
{quote} ​this is a fine example how we can trade 2 direction and both be win when u got a clear signal and good set up. first trade was with Daily trend and second trade was even better trend but was against daily trend . If u choose to trade reversal they will ALWAYS be against daily trend ( if it is not your style just simply skip it and go with daily trend ) Here u have to decide what are u trading and set your own rules. One more last advice , if u want to trade the system don't skip trades take all what u see. Good luck .
"you cant trade any system blindly , none will work good if u don't read market and get the best entry point.
each system need minimum trading knowledge."

Good point. But then why say this "One more last advice , if u want to trade the system don't skip trades take all what u see" Its contradictory?

I trade successfully with the system in my own way. But i think for new people on the thread trying to learn this is fairly confusing. Perhaps i have taken the meaning of your words in the wrong context!?
  • #2,539
  • Feb 10, 2016 3:03am Feb 10, 2016 3:03am
100 pips , 7 % gain in 2 1/2 hours

This is my first profitable system

A big thanks to Mr Lebaneese and Mrs Kosmo.
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  • #2,540
  • Edited 3:36am Feb 10, 2016 3:21am | Edited 3:36am
I found this indicator, this help to found best basket pairs and best moves on market.
Show on basaket pairs pip+ and pip- moves whitout position
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