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  • #61
  • Nov 24, 2016 1:16am Nov 24, 2016 1:16am
Quoting moodybot
{quote} This would be the ideal scenario to show how you take multiple trades on the same pair. Looks like your sell has gone against you, perhaps you could show each subsequent stage on how you profit/breakeven it. M.
Thanks for following, This system is not the type that hols you at ransom to a particular trade. What i meant is like when you are wrong you will know and do the needful. Either your stop has been triggered or new trade setup has occurred. with my experience with this so far it works well o both cases.

For example due t early entry in trading you have two important advantages 1) you will risk less because you are very close to your supposed new swing. 2) You will catch the most of the trend just like yesterday i caught the new with little stop in place in that case i was able to ride like all the trades at the same time.

Note this is a repainting indicator that we have all condemned, i am doing this and its working. That does not mean trade can not go againt you or you cant lose trade the essence of this to reduce the risk involve in each trade to barest minimum.


I am still updating the system with new ideas and i will be updating it here.You are free to ask any question and contribute to the development of this system. Thanks
  • #62
  • Nov 24, 2016 1:28am Nov 24, 2016 1:28am
This is another New setup i just took i was sleeping i couldnt make the trade as early as the set up was found but i can tell you i don't hope to win all trade but hope to reduce the level of risk. Now why do i took this trade. From my experience 10years trading i can tell toy that the momentum to the down side is fading off, also the general trend bias in higher time frame is up so i know that the best trade for me is to find a suitable buy signal don't forget that risk to reward is 1:1.
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  • #63
  • Nov 24, 2016 2:06am Nov 24, 2016 2:06am
Quoting ollyfx
{quote} Thanks for following, This system is not the type that hols you at ransom to a particular trade. What i meant is like when you are wrong you will know and do the needful. Either your stop has been triggered or new trade setup has occurred. with my experience with this so far it works well o both cases. For example due t early entry in trading you have two important advantages 1) you will risk less because you are very close to your supposed new swing. 2) You will catch the most of the trend just like yesterday i caught the new with little...

That's ok, nothing wrong with a losing trade, it would be great though to show each trade start to finish, good or bad.
Too many threads on FF show only the winning trades, it takes balls to show it 'live', ...as in trade just placed, not the usual history trades.

Just to re-itereate, I have nothing against a repainting indicator or your method, it's your recovery method that I'm interested in.

Keep up the good work.

M.
  • #64
  • Edited 3:20am Nov 24, 2016 2:47am | Edited 3:20am
ok I will try my best to do that.

GBPAUD we can see now that the pair as moved about 30 pips to our direction. and our profit target is yet to be hit. we can breakeven now to manage the trade and allow it to run. if our stop loss for the buy is hit then we continue tp add more sell to our trade if our profit is booked and we see a reversal then we take more buy trade as the market move up.

ALSO, AUDUSD trade is also going as planned as we are now in profit from our entry point. we break even and remain in the trade even if we get another reversal signal incase its a false reversal we will still be in the long trade. that is how i manage the trade. thanks.

also i took new sell on USDJPY NOW. This is again the bais i know its might not be a strong down so i breakeven as soon as possible to protect profit thanks
  • #65
  • Nov 24, 2016 3:07am Nov 24, 2016 3:07am
Quoting ollyfx
{quote} That is all of my trade for today if you need it in pips please do the math by adding and subtracting. Thanks
Sorry mate i forgot to look on dates of Your trades.
  • #66
  • Nov 24, 2016 3:25am Nov 24, 2016 3:25am
Quoting hesron
{file} {file}
Bonjour,
Thanks a lot but don't work well
(FXCM)

cheers
jf
  • #67
  • Nov 24, 2016 4:43am Nov 24, 2016 4:43am
i think we are seeing how the trades are unfolding. we have made profit from all our trade today. lol despite the fact that my targets are re adjusted before i closed the trade. if i had stick to my trading plans i have three targets hit already.
  • #68
  • Nov 24, 2016 4:43am Nov 24, 2016 4:43am
Hi,
I did not fully understand the ollyfx strategy.
Far from it !
But pending its clear explanations I try this :

Attached Image (click to enlarge)
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Trades closed and in progress :

Attached Image (click to enlarge)
Click to Enlarge Name: repaint.JPG Size: 156 KB
  • #69
  • Nov 24, 2016 5:01am Nov 24, 2016 5:01am
Quoting le celte
Hi, I did not fully understand the ollyfx strategy. Far from it ! But pending its clear explanations I try this : {image} Trades closed and in progress : {image}
That is what am saying. you see nothing is impossible
  • #70
  • Nov 24, 2016 5:05am Nov 24, 2016 5:05am
Quoting le celte
Hi, I did not fully understand the ollyfx strategy. Far from it ! But pending its clear explanations I try this : {image} Trades closed and in progress : {image}
yes i did not fully understand the strategy.Can anyone guide me about this strategy
  • #71
  • Nov 24, 2016 5:17am Nov 24, 2016 5:17am
Quoting ollyfx
{quote} That is what am saying. you see nothing is impossible
bonjour,
But that's not your strategy.
It is according to your idea, from what I understood your idea ...
Perhaps one day you will be able to explain clearly ...
Meanwhile I will try to develop mine

thanks
jf
  • #72
  • Nov 24, 2016 5:31am Nov 24, 2016 5:31am
Quoting le celte
{quote} bonjour, But that's not your strategy. It is according to your idea, from what I understood your idea ... Perhaps one day you will be able to explain clearly ... Meanwhile I will try to develop mine thanks jf
That is great in as much as it works its ok. i will also like it if you share the idea to help us all.
  • #73
  • Nov 24, 2016 7:17am Nov 24, 2016 7:17am
Quoting ollyfx
{quote} i will also like it if you share the idea to help us all.
Certainly and I will try to explain clearly despite my bad English ...



jf
  • #74
  • Nov 24, 2016 7:26am Nov 24, 2016 7:26am
Btw markets do not react to anyform of indicator obviously, in this scenario what looks good over time will eventually in the long run blow your account. The mentality behind this idea shows as too simple, way to simple, for why well you really think a repainitng cheap 50 dollar indicator can work in a market run by algo systems worth milions. I know the History to this indicator btw and just so that you know this indicator was made as an observation for pro traders IN HOUSE to see the previous highs and lows on a trend that was it simple it cant be traded long term. It was one of the first to become famous and from 3 zz zemafor was created super signals .. eventually it will catch all of you out just giving you a heads up stay well clear of this indicator and anyone who even thinks they can beat the market place with it. Trading is simple you become a trader by learning the markets not working with 50 dollar indicators that repaint. And i say this why? because i have been there OK all you will be trading is a gamble trade will it wont it make it? Casinos are better to have fun and blow your money hard earnt one would imagine and they give you free drinks an plenty and chicks like you would not believe ..
  • #75
  • Nov 24, 2016 8:16am Nov 24, 2016 8:16am
Quoting dean1star
Btw markets do not react to anyform of indicator obviously, in this scenario what looks good over time will eventually in the long run blow your account. The mentality behind this idea shows as too simple, way to simple, for why well you really think a repainitng cheap 50 dollar indicator can work in a market run by algo systems worth milions. I know the History to this indicator btw and just so that you know this indicator was made as an observation for pro traders IN HOUSE to see the previous highs and lows on a trend that was it simple it cant...
Semaphor alone is not a trading system, which I think Olly realises and uses corroborating signals to guide his decision making. and I see nothing wrong with that approach, in fact I use a very similar method with some of my trading.

Once you realise that semaphore is actually a dynamic s & r indicator, then a strategy can be applied to try to take advantage of that fact, and therefore it is not a valid comment of yours to say that it is doomed to failure.

For example, it could be argued by others that all those arrows you have on your charts are also doomed to fail you over time.

So, to repeat, semaphore or indeed any indicator imo, requires supporting signals in one form or another in order to corroborate any entry being considered, and I think that is exactly what Olly is doing!
  • #76
  • Nov 24, 2016 8:58am Nov 24, 2016 8:58am
Ok this is the end of my day and of this strategy lol

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  • #77
  • Nov 24, 2016 9:03am Nov 24, 2016 9:03am
Quoting dean1star
Btw markets do not react to anyform of indicator obviously, in this scenario what looks good over time will eventually in the long run blow your account. The mentality behind this idea shows as too simple, way to simple, for why well you really think a repainitng cheap 50 dollar indicator can work in a market run by algo systems worth milions. I know the History to this indicator btw and just so that you know this indicator was made as an observation for pro traders IN HOUSE to see the previous highs and lows on a trend that was it simple it cant...
Very true.

Very few people will beat the house edge, same with Forex. Indicators cannot predict future price movement, and I doubt ever will.
The market will go where it wants to, within a framework, it doesn't matter about current 'trend', how many corrobarating indicators there are, it all boils down to taking a trade that is 49% in the traders favour, 51% brokers favour...... at least for single pair indicator based trading...
  • #78
  • Nov 24, 2016 9:39am Nov 24, 2016 9:39am
Quoting moodybot
{quote} Very true. Very few people will beat the house edge, same with Forex. Indicators cannot predict future price movement, and I doubt ever will. The market will go where it wants to, within a framework, it doesn't matter about current 'trend', how many corrobarating indicators there are, it all boils down to taking a trade that is 49% in the traders favour, 51% brokers favour...... at least for single pair indicator based trading...
Yes, I tend to agree with some of your comments, but consciously or subconsciously most traders are aware of whether they are in overbought or oversold territory.

That forms the edge for many, and an indicator can assist in identifying the kind of territory they are in, and that was really my point.

Whether we like it or not, we always need some sort of line in the sand (whatever it may be), because without it, we would have nothing to cross.

Of course there's a lot more to it (or is there? lol), but it nevertheless is usually a main consideration for most I believe.
  • #79
  • Nov 24, 2016 10:22am Nov 24, 2016 10:22am
Quoting Landline
{quote} Yes, I tend to agree with some of your comments, but consciously or subconsciously most traders are aware of whether they are in overbought or oversold territory. That forms the edge for many, and an indicator can assist in identifying the kind of territory they are in, and that was really my point. Whether we like it or not, we always need some sort of line in the sand (whatever it may be), because without it, we would have nothing to cross. Of course there's a lot more to it (or is there? lol), but it nevertheless is usually a main consideration...
Taking into consideration time frame, SL, TP, news, time of day, other pairs, groups, manipulation...I would suggest that allowing for all the possible variables, a trade placed within a known overbought/oversold area still only has a 49% expectancy and the market doesn't know whether its overbought or oversold, its just a name given to a possible position where a change in direction may/may not occur according to past data that may/may not have an impact on the future...

M.
  • #80
  • Nov 24, 2016 10:56am Nov 24, 2016 10:56am
Quoting moodybot
{quote} Taking into consideration time frame, SL, TP, news, time of day, other pairs, groups, manipulation...I would suggest that allowing for all the possible variables, a trade placed within a known overbought/oversold area still only has a 49% expectancy and the market doesn't know whether its overbought or oversold, its just a name given to a possible position where a change in direction may/may not occur according to past data that may/may not have an impact on the future... M.
I accept your points, none of that is disputed. However, as I said, all of us trading the charts require a signal(s) to enter a trade. The possibilities, the maybes', the ifs and buts will always be present, but at some point assuming we actually want to be a trader, then we must make a decision to enter the trade, and I maintain that everyone is guided by some kind of signal (s) to do so, and that applies to you, me, tom dick and harry.

This thread (or any other thread for that matter) is no different in that respect, even though some are adamant that they have no need for indicators, and that candles/pa is their only method, which of course is a price indicator in itself!

Anyhow, we've probably flogged this topic to death lol...best let the guys get back to their charts.. LL
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