alorente » Tue Apr 08, 2014 8:45 am wrote:nanningbob » Tue Apr 08, 2014 9:37 am wrote:alorente » Tue Apr 08, 2014 3:08 pm wrote:darshanag » Tue Apr 08, 2014 7:25 am wrote:alorente » Mon Apr 07, 2014 10:46 pm wrote:
Thanks, I am better every day...
Yes. Not trading on Monday and the Asian Tuesday session is an option, but as you say, not very realistic considering the level of our addiction to this... For now, I am going with signals from 10.6 for Monday while I watch 10.7 and get a feel for when you can fully trust it. In the example I mentioned from your picture, it is actually even worse, because the system is giving you buy signals even though it is showing divergences in Sto7, so if it drops tonight you will end up with a loser. I believe you have to be very patient with 10.7 until a trend is established. I totally agree with Bob that once the trend is established for that week, it usually continues till Friday so there is great logical merit to 10.7. The Forex crowd seems to think one week at a time...
Hi Al, wonder whether you could clear this up for me ; i'm still confused as to how one would know daily / weekly trend has been established?
I am trying to get a feel for the system as much as you are. I can´t say when you get to the point where trend is established for the week. I also, like Bob, got caught on the wrong side of AudUsd. I entered short and got taken for a ride north. I´ll keep at it until I get this right. I am also trying to determine whether to follow CSS in H4 or D1. Many times they issue conflicting signals. In theory, H4 should give you an earlier indication of strength, but sometimes it doesn´t work that way and D1 ends up carrying the day.
Even though I put the 4H and Daily CSS together. I really just use the Daily CSS. Sooner or later price moves in the direction it is pointing. AUD on top EUR on the bottom sell. 10.7 however did show the retrace in the DT and hopefully today the DT continues. It is how I played it last week and it was really good. The thing I got was the better entrances and going into profit quicker instead of having some backup first. This lead to bigger pip profits on my trades. Right now my feeling is to continue using 10.6 and allowing 10.7 determine my entrances.
The real issue now is we are only 9 days since I showed a bunch of guys. I cant believe what this looks like. Now we trade it in real time. I mean trading 1 penny per thousand I have increased my account by 1%. Now that is kind of unreal trading that small. That puts me on a pace to make almost 5% for the month with literally no risk. For those that dont understand that number, it would mean I would have to lose 100,000 pips to wipe out my account. To get a 1% increase means I have won close to a 1000 pips in 9 days. The real key for me though is basicaly no DD during this time from using this. Closing out those trades when the lines switch or go the wrong way from the TL line has given me some confidence in the calls of the system. But the real rewards came later in the week as direction was set and you could just fire away. Anyway let it prove itself. That is all we can do and yes there is uncertainty early in the week but later jump on the train. At least I hope that happens again this week. 
Believe me, I think this is a breakthrough. I just have to get it through my thick head... I will, though, I know I will. Thanks for what you have done. I am taking down all of my other systems and concentrating on this full time...
Dito,
I did throwaway my beloved MTF Stochastics, worked with it for a long time. But Bob's new MTF Stochastics is better, I love the fast higher TF's through the settings k-period=2 and d-period=1. Combined with any other method this thingy should help to make consistent money.
Thanks Bob, Milanese and all, anywhere else this baby would be expensive sold but we can adopt it for free.
Cheers, fok |
