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Chinese KONGFU system

  • #641
  • Jun 10, 2017 6:20am Jun 10, 2017 6:20am
Quoting liunliun
{quote} 1 I never hold trades over the weekend. 2 I don't trade through the news.
So if a trade is open on friday, it have not touched TP, not close to being stopped out.. what do you do? just collapse it, no matter if it's + or -? same with news?

sorry if i'm repeating the question somewhat..
  • #642
  • Jun 10, 2017 8:52am Jun 10, 2017 8:52am
Quoting Timnyman94
{quote} So if a trade is open on friday, it have not touched TP, not close to being stopped out.. what do you do? just collapse it, no matter if it's + or -? same with news? sorry if i'm repeating the question somewhat..
i usually play pool on friday night., so there is no trade in friday of mine.
  • #643
  • Jun 10, 2017 9:03am Jun 10, 2017 9:03am
Quoting Go5
{quote} Ok, I, ll try to put it another way: Suppose, a notrend builds up and you go long on the pullback. You win and it pulls back again (still in notrend): you pass. Then it goes out of the yellow and a trend trade comes along: you take it (2nd long in a row). Another trend long comes up: you pass. Now we reverse and the same thing for shorts... Version H2 and 03 is very slow all over sudden and not taking trades.
what do you call a "pullback" , when price changes direction? but which price white1/2 or yellow? i need precise strategy (like white1 > white2 , etc) and english isn't my mother tongue
  • #644
  • Jun 10, 2017 10:11am Jun 10, 2017 10:11am
Quoting ionone
{quote} what do you call a "pullback" , when price changes direction? but which price white1/2 or yellow? i need precise strategy (like white1 > white2 , etc) and english isn't my mother tongue
Maybe this graph makes it a bit clearer. Watch out with white 1/2: the indicator labels are 2 and 1 (the other way around), don't know why. Yellow labels are ok.
Note the buy with green letter: the white 1 is not "up" as required but it was before the candle closed.

Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH2.png Size: 79 KB
  • #645
  • Jun 10, 2017 4:59pm Jun 10, 2017 4:59pm
This looks very interesting. I will give it a good look over the weekend.
It looks like a momentum method.
  • #646
  • Jun 11, 2017 7:08am Jun 11, 2017 7:08am
liunliun, 您好, (我住在深圳和芝加哥)....
Have you ever tried this system using a range bar instead of a 2h "time" bar?
I will experiment with this system using various ranges, say 9 to 20 range. I have found that
using range bars instead of time bars smooth the swings out.
I have seen a system similar to this using range bars and two different Keltner Channels with different settings.
The idea was to trade on the momentum reversals.
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Nǐ hǎo
你好







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Nǐ hǎo
  • #647
  • Jun 11, 2017 1:38pm Jun 11, 2017 1:38pm
system gained my attention
WaBaS Where are Buyers and Sellers
  • #648
  • Jun 12, 2017 12:16am Jun 12, 2017 12:16am
entry for today
USDJPY - no trend short
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 11 KB
  • #649
  • Jun 12, 2017 1:52am Jun 12, 2017 1:52am
Quoting jarrodt
entry for today USDJPY - no trend short {image}
i always miss an entry using this method.. sigh..
Money doesn't change you. It only makes you more of who you are. -WBuffett
  • #650
  • Jun 12, 2017 2:22am Jun 12, 2017 2:22am
Quoting SilentReader
{quote} i always miss an entry using this method.. sigh..
making money is not easy.
  • #651
  • Jun 12, 2017 3:26am Jun 12, 2017 3:26am
This is my entry for today. Correct?
Attached Image
  • #652
  • Jun 12, 2017 3:39am Jun 12, 2017 3:39am
Quoting nightfox84
This is my entry for today. Correct? {image}
yes it is a very good trade from resistance to support!
  • #653
  • Jun 13, 2017 12:36am Jun 13, 2017 12:36am
today's entry, waiting for the pull back
CADJPY trend long
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 11 KB
  • #654
  • Jun 13, 2017 5:21am Jun 13, 2017 5:21am
Hi liunliun, very interesting thread. Good work

Can I ask how long have you used this strategy and how long it is profitable ?
  • #655
  • Jun 13, 2017 5:41am Jun 13, 2017 5:41am
Quoting kongminh113
Hi liunliun, very interesting thread. Good work Can I ask how long have you used this strategy and how long it is profitable ?
Did you even read the first post? :o
  • #656
  • Edited 11:15pm Jun 14, 2017 5:27pm | Edited 11:15pm
entry for today

USDJPY TREND SHORT

there is another entry for CADJPY, but i'll just stick to USDJPY
Attached Image
  • #657
  • Jun 14, 2017 11:16pm Jun 14, 2017 11:16pm
Quoting jarrodt
entry for today USDJPY TREND SHORT there is another entry for CADJPY, but i'll just stick to USDJPY {image}

trend change and close order, lose 4 pips
Attached Image
  • #658
  • Jun 16, 2017 9:40am Jun 16, 2017 9:40am
Hello. A question. We said that a trend up is when W2> Y1 and when W2 [0]> W2 [1] this seems clear to me it is correct. I did not understand how W1 should behave, should she also follow a trend up or can she go down? Thanks for the answers and sorry for my English.
  • #659
  • Jun 19, 2017 8:09pm Jun 19, 2017 8:09pm
waiting order to be filled.

usdjpy long (trend)
Attached Image
  • #660
  • Jun 21, 2017 4:08am Jun 21, 2017 4:08am
Quoting jarrodt
waiting order to be filled. usdjpy long (trend) {image}
order close, lose 4 pips
Attached Image
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