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The "V" trading system

  • #221
  • Jun 11, 2017 8:07pm Jun 11, 2017 8:07pm
Quoting GPips
{quote} Thank you Sam68 & here are a couple other V set ups to consider this week... G/U Short A/U Short On Daily TF
GPips - I am trying to understand - how do you consider G/U short to be a valid set up?


Thank you
  • #222
  • Jun 11, 2017 10:10pm Jun 11, 2017 10:10pm
Quoting sam68
Next Week watchlist CADJPY - LONG AUDCAD - SHORT EURCAD - SHORT * CADCHF - LONG* I am holding the EURAUD SHORT with +156 pips and trailing it since 6th June... Green pips to all! * is a high probability trade since price is above/below applicable MA OP both of them , will update as week progress {file}
sam68 - How about USDCHF - long?

Green Pips to All!
  • #223
  • Jun 11, 2017 10:13pm Jun 11, 2017 10:13pm
Quoting kski
{quote} GPips - I am trying to understand - how do you consider G/U short to be a valid set up? Thank you
See here... 2 bull candles followed by 2 bear candles plus the short V signal

http://prntscr.com/fipafz

Maybe you have a different broker server time which will distort the candle patterns. I never trade on anything but a NY close 5pm new day candle broker.

Cheers
G
Find The Pain Points On Your Chart & Trade Off Those Levels
  • #224
  • Jun 11, 2017 10:46pm Jun 11, 2017 10:46pm
Quoting GPips
{quote} See here... 2 bull candles followed by 2 bear candles plus the short V signal http://prntscr.com/fipafz Maybe you have a different broker server time which will distort the candle patterns. I never trade on anything but a NY close 5pm new day candle broker. Cheers G
Thank you GPips for your response.

I am also in EST. The last 4 are matching with yours. I asked you because your chart shows 2 bull, 2 bear candles and bull for today, but I am only seeing 1 bear(6/6), 1 bull(6/7), 2 bears(6/8 & 6/9), 1 bull (6/11). https://prnt.sc/fipgyq

I am using Oanda. May I know who your broker is?
  • #225
  • Jun 11, 2017 11:37pm Jun 11, 2017 11:37pm
Quoting kski
{quote} Thank you GPips for your response. I am also in EST. The last 4 are matching with yours. I asked you because your chart shows 2 bull, 2 bear candles and bull for today, but I am only seeing 1 bear(6/6), 1 bull(6/7), 2 bears(6/8 & 6/9), 1 bull (6/11). https://prnt.sc/fipgyq I am using Oanda. May I know who your broker is?

kski, it makes no difference that you are in Eastern Time, what makes the difference is what GMT your broker platform is on.

I can tell you this from your chart, you are not using a 5pm NY New Day/ New Candle. You are more then likely on GMT-5

In order to have a New Day 5pm EST Candle you need your server time to reflect GMT+2 I believe Oanda has both...Tell them you want to be switched!

I do not want to be assigned as a commercial member here on FF so I am reluctant to post my recommended broker. Send me a pm with your contact info & I'll be glad to assist you.

Cheers
G
Find The Pain Points On Your Chart & Trade Off Those Levels
  • #226
  • Jun 12, 2017 2:13am Jun 12, 2017 2:13am
Quoting SwingMan
Whoever wants to do this, can further develop the indicator. (MA is a Hull-Average) {image} {file} {image} {file}
Thanks a lot SwingMan for the indicators. I would appreciate it if you also code push alerts for easier monitoring of smaller timeframes.

Yet another way of trading it would be to take the opposite pattern but in the direction of the trend. This would be the red pattern when it is clearly above the MA and the green pattern when it is clearly below the MA.
It takes money to make money.
  • #227
  • Jun 12, 2017 5:04am Jun 12, 2017 5:04am
Quoting kski
{quote} sam68 - How about USDCHF - long? Green Pips to All!
USDCHF = no trade on Daily TF
What goes up will come down...
  • #228
  • Jun 12, 2017 6:38am Jun 12, 2017 6:38am
Quoting poruchik
Red star - start pattern to buy Blue star -start pattern to sell === no alert, I am not coder === 10 SMA {file} {image}
This is a great indicator. Thanks for sharing. Could someone please add a alert to it?
  • #229
  • Edited 9:22am Jun 12, 2017 7:11am | Edited 9:22am
Quoting GPips
{quote} kski, it makes no difference that you are in Eastern Time, what makes the difference is what GMT your broker platform is on. I can tell you this from your chart, you are not using a 5pm NY New Day/ New Candle. You are more then likely on GMT-5 In order to have a New Day 5pm EST Candle you need your server time to reflect GMT+2 I believe Oanda has both...Tell them you want to be switched! I do not want to be assigned as a commercial member here on FF so I am reluctant to post my recommended broker. Send me a pm with your contact info & I'll...
Thanks GPips! I will check my settings & pm you.

I just checked - it seems that GMT+2 is not available for demo. Thank you for pointing it out.
  • #230
  • Jun 12, 2017 9:03am Jun 12, 2017 9:03am
Quoting sam68
{quote} USDCHF = no trade on Daily TF
Hi Sam when is the best moment to enter those trades you know movement on mondays arent that strong and right now retracement are in the play does it mean it should be later in the week for those with small accounts?
  • #231
  • Jun 12, 2017 9:33am Jun 12, 2017 9:33am
Quoting Slingshots1
{quote} Hi Sam when is the best moment to enter those trades you know movement on mondays arent that strong and right now retracement are in the play does it mean it should be later in the week for those with small accounts?
Hi Slingshots,

There are two schools of thoughts here:

 

  1. Break through , so you place a pending order and once price pass the high / low of candle #4 you are in ( as illustrated by @SwingMan in post #217)
  2. Mechanical , you open the position once candle #5 is opened ( or you divide your position size by 3 and enter after retrace on same day or next day , remember it's a swing style so it's always good to save some gun powder ...)

Choose what you feel better suits your trading style.

Regards

What goes up will come down...
  • #232
  • Jun 12, 2017 9:45am Jun 12, 2017 9:45am
Quoting sam68
{quote} Hi Slingshots, There are two schools of thoughts here: Break through , so you place a pending order and once price pass the high / low of candle #4 you are in ( as illustrated by @SwingMan in post #217) Mechanical , you open the position once candle #5 is opened ( or you divide your position size by 3 and enter after retrace on same day or next day , remember it's a swing style so it's always good to save some gun powder ...) Choose what you feel better suits your trading style. Regards
To add to your reply for Slingshots1, based on my research there is no particular best way to trade SwingMan's V indicator. If you were to backtest by scrolling back, they all seem to be good and not one particular V setup seems to have a significant advantage over any other V setup. If there is one particular setup that has an advantage over the others, I'd be happy to hear it.

What you could try to do in order to optimize the situation is trade a different setup depending on the market structure. Personally, I'm scalping one setup no matter the market structure and the scalping is working good enough.
It takes money to make money.
  • #233
  • Jun 12, 2017 9:47am Jun 12, 2017 9:47am
Quoting kski
{quote} Thank you Sam68
Most welcome , both high probability trades are in the green as of NY session open.
What goes up will come down...
  • #234
  • Jun 12, 2017 9:50am Jun 12, 2017 9:50am
Quoting sam68
{quote} Most welcome , both high probability trades are in the green as of NY session open.
Which one of your TEs is for the "V" trading system?
It takes money to make money.
  • #235
  • Jun 12, 2017 11:36am Jun 12, 2017 11:36am
Quoting Harpy
{quote} Which one of your TEs is for the "V" trading system?
I trade three strategies in TE Sirius II , "V" is one of them but not the main.
If we get more interest we can make a separate TE just for "V" in the future.
What goes up will come down...
  • #236
  • Jun 12, 2017 11:43am Jun 12, 2017 11:43am
Quoting sam68
{quote} I trade three strategies in TE Sirius II , "V" is one of them but not the main. If we get more interest we can make a separate TE just for "V" in the future.
There doesn't seem to be much interest or, maybe there is interest but because the system is so straightforward, there aren't many questions about it.

There's also another thread discussing the V method but that one seems more complex https://www.forexfactory.com/showthread.php?t=668957
It takes money to make money.
  • #237
  • Jun 12, 2017 12:18pm Jun 12, 2017 12:18pm
Quoting Harpy
{quote} There doesn't seem to be much inerest or, maybe there is interest but because the system is so straightforward, there aren't many questions about it. There's also another thread discussing the V method but that one seems more complex https://www.forexfactory.com/showthread.php?t=668957
That's the strength of it actually , simple and straightforward .
yes , I've seen the other thread and prefer to keep things much easier , the more we add to a system the more it could fail over the long run .
I have seen it in many threads before.

You mentioned scalping the set up , so you take trades in a smaller TF based on daily V setup?
Would you like to share more details as to :
Which smaller TF you go down to ? and how do you decide open / close positions
Any preferred pair?

Thanks
What goes up will come down...
  • #238
  • Jun 12, 2017 12:24pm Jun 12, 2017 12:24pm
We missed the bitcoin sell on H4 !
No wonder many requests for alert
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 149 KB
What goes up will come down...
  • #239
  • Jun 12, 2017 12:33pm Jun 12, 2017 12:33pm
Quoting sam68
We missed the bitcoin sell on H4 ! No wonder many requests for alert {image}
I don't understand how that's considered a setup since the trade would be going against the MA. Are you mean-reversion trading and taking the opposite color of the MA?
It takes money to make money.
  • #240
  • Jun 12, 2017 12:46pm Jun 12, 2017 12:46pm
Quoting sam68
{quote} That's the strength of it actually , simple and straightforward . yes , I've seen the other thread and prefer to keep things much easier , the more we add to a system the more it could fail over the long run . I have seen it in many threads before. You mentioned scalping the set up , so you take trades in a smaller TF based on daily V setup? Would you like to share more details as to : Which smaller TF you go down to ? and how do you decide open / close positions Any preferred pair? Thanks
I agree about the simplicity. Personally, each time I see a system that uses more than one indicator that performs computation based on previous 20 or 14 period, that's the system I know will not be consistent.

You asked about the scalping and yes, I'm an intraday trader and I trade on smaller TFs like M1, M5, M15. I almost never take any trade on higher than H1.

You asked about the pairs and, I would say based on what I've seen for the past few weeks, this works on all pairs and timeframes but I'm just sticking to forex pairs for now. The pair itself doesn't matter although I personally prefer to trade on more volatile pairs. My broker doesn't offer BTC or many CFDs at the moment which is another reason I'm sticking to forex pairs for now.
It takes money to make money.
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