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The "V" trading system

  • #161
  • Jun 6, 2017 5:37am Jun 6, 2017 5:37am
Quoting Mhons
{quote} Why everyone here has to question every system mention here. TEST IT, TRY IT ON DEMO OR WITH SMALL POSITIONS, THEN START COMPLAINING. Sorry about big letters. Withou work you cant be profitable. Green pips to all
You have misunderstood

A system is not being questioned.

Credibility is via hindsight results.

There is a big difference!
  • #162
  • Jun 6, 2017 5:55am Jun 6, 2017 5:55am
Quoting Landline
Sam68. With due respect, all I can see from your charts are "hindsight" trades. These do not qualify as live trades Let's be honest, I could take 10 trades for example and post only the winning ones and say how good am I lol. Proper credibility is and can only be achieved by posting any trades made at the time the trade is placed, as I have generally done.
Yes , every one is suspicious in this business LOL...

As I told you , few posts back lets divide the pairs if any one is looking for teamwork but so far no one came with any suggestions

I will focus on EURO pairs D timeframe.
we have one live , the EURAUD entered at open of the day
EURJPY already moved by 90 pips so too late now , unless retraces in NY session
EURNZD same as above ,

Which pairs you will focus on Landline ? ( if you want to participate in the small experiment )

Green pips to all
What goes up will come down...
  • #163
  • Jun 6, 2017 6:38am Jun 6, 2017 6:38am
Quoting sam68
{quote} Yes , every one is suspicious in this business LOL... As I told you , few posts back lets divide the pairs if any one is looking for teamwork but so far no one came with any suggestions I will focus on EURO pairs D timeframe. we have one live , the EURAUD entered at open of the day EURJPY already moved by 90 pips so too late now , unless retraces in NY session EURNZD same as above , Which pairs you will focus on Landline ? ( if you want to participate in the small experiment ) Green pips to all
I have been aware of V's for years as mentioned a while back, and I understand their usefulness in a variety of ways already which I have assessed over time, and recognise the different shapes that develop, which I know by experience is not a 5 min learning curve lol.

The basic formation (2 up 2 down) is the one that you are focussing on which I appreciate, and needs to be learnt, but a number of others exist also in different forms so far as my methods are concerned that is, and helps my decision making when taking other factors into account also in support.

As said before, I won't complicate this thread with alternatives at this stage.

Back to your point, I trade any pair that fits a set-up, on real accounts. Your suggestion of splitting up pairs for groups of people to test and feed back results has some merit, but is not applicable in my case for the reasons I've mentioned.

My original point concerned a lack of others posting live trades in a timely manner for the purpose of being of any use to others, and now seems to have been deflected, yet those same questions still remain so far as I am concerned.
  • #164
  • Jun 6, 2017 6:46am Jun 6, 2017 6:46am
Quoting matimargo
Hi all! Sam, Could you summarize what is the best way to use the system so far? That way I will test from there, without wasting time in looking for flaws that you have already fond! Green pips to all! Regards
Hi Matimargo and thanks for stopping by!

The summary is in post 1

It's a simple way to try and catch reversal on big time frame.

What happens next after you jump in is totally up to the individual , meaning MM , exit strategy , adding to the position ,

I personally target 75% of position after catching 1:1 move , the SL is the previous H/L . Keep the 25% of remaining position open after moving your SL to entry , trail based on ATR of D time-frame.

I hope this helps.
What goes up will come down...
  • #165
  • Jun 6, 2017 10:44am Jun 6, 2017 10:44am
N/U Daily +61 Pips so far
http://prntscr.com/fglue4
Find The Pain Points On Your Chart & Trade Off Those Levels
  • #166
  • Jun 6, 2017 3:22pm Jun 6, 2017 3:22pm
Quoting sam68
{quote} @Abokwaik presence is kindly required here for EA setting for new scalper rules ( if time permits )
My time is very difficult in Ramadan, I'll see what I can do.
No guts, no glory
  • #167
  • Jun 6, 2017 4:52pm Jun 6, 2017 4:52pm
Quoting abokwaik
{quote} My time is very difficult in Ramadan, I'll see what I can do.
Thanks in advance & Ramadan Karim.
What goes up will come down...
  • #168
  • Jun 6, 2017 4:54pm Jun 6, 2017 4:54pm
Hi All

So many variations as to how to exit and when to enter once a "V" is formed...

Watch Paul while he makes a quick review on the entry rules and letting the trade run ...

Inserted Video
What goes up will come down...
  • #169
  • Jun 6, 2017 5:24pm Jun 6, 2017 5:24pm
Quoting sam68
Hi All So many variations as to how to exit and when to enter once a "V" is formed... Watch Paul while he makes a quick review on the entry rules and letting the trade run ... https://www.youtube.com/watch?v=28yL...7C1c-aDpZ3GA-6
Hi Sam is there a way to get that yellow highlight indicator that can mark the signal candles jut like in the video clip,again those signal dots how can alert be added to it so we can use it on both 4hr/1hr tf
  • #170
  • Jun 7, 2017 2:27am Jun 7, 2017 2:27am
Quoting Slingshots1
{quote} Hi Sam is there a way to get that yellow highlight indicator that can mark the signal candles jut like in the video clip,again those signal dots how can alert be added to it so we can use it on both 4hr/1hr tf
This is manual drawing ( the yellow highlight )
I think altoronto is working on it. ( the alert )
What goes up will come down...
  • #171
  • Jun 7, 2017 2:29am Jun 7, 2017 2:29am
Quoting sam68
Hi Landline, Ea was for back testing ( I hope ) , although I threw a scalper idea above ... but waiting for some great coders to own it. Short entry on EURAUD dedicated by the page friend @Beck7777, although it's an aggressive entry ( as selling above the MA ) but I forecast a new H&S formation is being created on Daily TF , also a downtrend line supports the sell position. I will be custodian of Euro pairs , any one interested in another major/ minor ? Here is my SHORT https://www.mql5.com/en/charts/71642...choice-limited...
Trade update:

+140 pips , looking for hundred or so more , then will book 75% of profits.
https://www.mql5.com/en/charts/71696...choice-limited
Now SL has moved to entry so it's a "risk free" trade

Green pips to all
What goes up will come down...
  • #172
  • Jun 7, 2017 4:33am Jun 7, 2017 4:33am
Quoting sam68
{quote} Trade update: +140 pips , looking for hundred or so more , then will book 75% of profits. https://www.mql5.com/en/charts/71696...choice-limited Now SL has moved to entry so it's a "risk free" trade Green pips to all
Goodmorning Sam68 cos its morning time here on this side of the world.I have decided to move along with you on euraud however i have decided to post here macfibo indicator so also as to set targets though the actual target should have been on 161.80 fib retracement but it should hit 261.80fib cos price has broken the daily support at 1.4924 and theres a large gap btw daily support and weekly resistance at 1.4306. Macfibo [hand drawn] is yet to set on daily see circle area on screenshot.once the daily candle closes its a joy ride all the way down unless for minor retracement on 1hr.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: WEEKLY EURAUD.PNG Size: 48 KB
Click to Enlarge Name: DAILY EURAUD.PNG Size: 43 KB
Click to Enlarge Name: EURAUD 4HRS.PNG Size: 64 KB
Attached File(s)
File Type: mq4 MACFibo_v1_1.mq4   5 KB | 510 downloads
  • #173
  • Jun 7, 2017 4:54am Jun 7, 2017 4:54am
Quoting Slingshots1
{quote} Goodmorning Sam68 cos its morning time here on this side of the world.I have decided to move along with you on euraud however i have decided to post here macfibo indicator so also as to set targets though the actual target should have been on 161.80 fib retracement but it should hit 261.80fib cos price has broken the daily support at 1.4924 and theres a large gap btw daily support and weekly resistance at 1.4306. Macfibo [hand drawn] is yet to set on daily see circle area on screenshot.once the daily candle closes its a joy ride all the...
Thanks for the indicator and sharing your way of placing targets.
Fibos are nothing but great!
I use them also but with completely different setups for the same reason ( catching reversals & placing targets )
Possibly will open a dedicated thread for that.

Regards
Sam
What goes up will come down...
  • #174
  • Jun 7, 2017 5:09am Jun 7, 2017 5:09am
Quoting altoronto
{quote} GPips, depends on your settings, check if onCurrent (candle) is false or true. I guess, in your settings is set to false.
Goodmorning ALtoronto cos its morning time around here in my country please kindly help us out here to add alert to the Vsystem dots to make it better you have really done great jobs on this Vsystem please check my post i have also sent in macfibo with alert and we can also improve on macfibo to give arrow signal as well.Hope you can do that when you have the time.Keep piling up them pips.
Attached File(s)
File Type: pdf MACFIBO.pdf   656 KB | 1,301 downloads
  • #175
  • Jun 7, 2017 5:20am Jun 7, 2017 5:20am
Quoting sam68
{quote} Thanks for the indicator and sharing your way of placing targets. Fibos are nothing but great! I use them also but with completely different setups for the same reason ( catching reversals & placing targets ) Possibly will open a dedicated thread for that. Regards Sam
Yeah Sam that will be kool if you can especially on the retracement i dont know much about fib but i have indys on it.Please do a favour kindly help to post fresh and promising pairs chart here always on eurpairs i will also scan pairs and post .
  • #176
  • Jun 7, 2017 7:31am Jun 7, 2017 7:31am
Quoting Landline
{quote} Some retracement is underway. This is a typical kind of scenario that potentially offers an add on opportunity. I will be looking at the h4 chart for a formation somewhere around the 124.9 region to short and re-join the current downward moment that I see from the daily chart. As mentioned before, I have equity to play with so my over all risk is worth the potential reward if it pans out as described. On the other hand, if it continues south and doesn't fully retrace, then I'm also happy, and will re-join with an add on later that's all....
EJ update ref initial set up back on 22nd May.... ongoing.

As initially said, it was always likely to be a lengthy duration trade.... that is the nature of disciplining oneself on the daily t/f, where patience, confidence and belief are all crucial factors, and probably more testing than the actual entry signals themselves!

This set of trades has played out according to my original trade plan, and I have bagged plenty from it so far. I have just the one remaining position open right now as can be seen, and I'm in no rush to close out. The stop currently stands at 175 pips away, and I anticipate that may be necessary as a another pull back is due at this current level. This should then offer another add-on shorting opportunity I think if the formation suits the kind of entry signal formation that I like to see.

There's no need to rush with this style of trading however a signal is detected, and things such as standard news events etc are pretty much eliminated, making for a reasonably stress-free trading experience. Once the entry conditions are clearly defined and executed in accordance to ones preferred conditions, then thereafter it becomes a case of managing the stops, managing the targets, and trusting the method, however it is tuned!

Only results over a series of trades will tell whether you have it got it right enough or not....nothing or no one else should convince you otherwise.... it's your money at stake!

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYDaily.png Size: 12 KB
  • #177
  • Jun 7, 2017 9:02am Jun 7, 2017 9:02am
Quoting Landline
{quote} EJ update ref initial set up back on 22nd May.... ongoing. As initially said, it was always likely to be a lengthy duration trade.... that is the nature of disciplining oneself on the daily t/f, where patience, confidence and belief are all crucial factors, and probably more testing than the actual entry signals themselves! This set of trades has played out according to my original trade plan, and I have bagged plenty from it so far. I have just the one remaining position open right now as can be seen, and I'm in no rush to close out. The...
I've done 2 successful trades with this system. My drawback is, I've placed trailing stops to close (100 points) and then my TP was only 60 pips for both trades. Next trades, I will place TP on 200 points (20 pips). I still need to get the iron balls to let the trades run.

Thank you for helping me to build confidence

Green pips to all
  • #178
  • Jun 7, 2017 9:28am Jun 7, 2017 9:28am
Quoting Arabier
{quote} I've done 2 successful trades with this system. My drawback is, I've placed trailing stops to close (100 points) and then my TP was only 60 pips for both trades. Next trades, I will place TP on 200 points (20 pips). I still need to get the iron balls to let the trades run. Thank you for helping me to build confidence Green pips to all
You are certainly not alone when it comes to having the bottle to stay in a trade.

For me, I know that all my risk is most present at entry. Based on that obvious fact I use 3 orders typically, with varying t/ps. My risk reduces at each t/p hit.

There is no real way round that initial risk at entry, but most don't know how to deal with off-setting the risk as the trade progresses and reducing the pressure.

If you very carefully study my post 106, it should give you a sense of how you could split your initial entry into 3 portions for example with 3 diff t/ps.

Have a read and consider your options of what you could do to improve the management next time is my advice...g/l
  • #179
  • Jun 7, 2017 1:02pm Jun 7, 2017 1:02pm
Quoting Slingshots1
{quote} Goodmorning ALtoronto cos its morning time around here in my country please kindly help us out here to add alert to the Vsystem dots to make it better you have really done great jobs on this Vsystem please check my post i have also sent in macfibo with alert and we can also improve on macfibo to give arrow signal as well.Hope you can do that when you have the time.Keep piling up them pips. {image}
Guys, please find enclosed vFormation indicator v1.02,
- signal dot is updated, positioned on second candle (close, up/down)
- added alerts

As I previously noted, currently I don't have much time on my plate for thorough alert testing.
Attached File(s)
File Type: ex4 vFormation 1.02 alerts.ex4   18 KB | 918 downloads
  • #180
  • Jun 7, 2017 5:12pm Jun 7, 2017 5:12pm
Quoting altoronto
{quote} Guys, please find enclosed vFormation indicator v1.02, - signal dot is updated, positioned on second candle (close, up/down) - added alerts As I previously noted, currently I don't have much time on my plate for thorough alert testing. {file}
Hey! Al you are a gem hope you've not forgotten the fibo stuff i mentioned earlier the pdf will guide you.Rgds
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