The_Snowman » Thu Jun 05, 2014 10:22 am wrote:Thanks Bob and others that PM me. Got everything where it needs to go now I think.

Here is a chart for discussion; seems to be the only thing I can find where the Stoch is right and trend is correct.

Hasn't broken the DeMark trendline but will break a steeper line soon (not shown)

Anyone consider trading this; is this what a daily set up should look like?

Regards, John

spotdespot » Thu Jun 05, 2014 2:14 am wrote:I have just been taking daily trades only keeping half an eye on them but I am beginning to think I should take them a lot more seriously. This is some pretty decent returns that I am sure I could have improved on, given a bit more attention (especially w.r.t. DD).

I am pretty much using the same set up as Gertje I think - 50 period TMA (daily and weekly but daily is the key one) with crossing of 90/70/30/10 Stoch lines and then I look at the weekly open as a key S/R area. I don't use the actual Daily/Weekly stoch on this setup as I have the weekly line and you can see where price is relative to it very easily.

One change I did make was I use the standard stoch but instead of the 7,2,2 setting I use 14,3,3 - as we don't need to worry too much about timing on the daily (the moves you are aiming for are pretty big) the 14,3,3 just provides less false signals but is obviously a bit slower.

I have tried stacking trades but I am not sure whether I will continue as I am not sure I am good enough at it to merit the risk live so perhaps shouldn't do it on demo.

These are the results so far.



And I have attached a screenshot so you can see how simple it is.

Cheers,
Dave.

Cherry » Thu Jun 05, 2014 6:55 pm wrote:

spotdespot » Thu Jun 05, 2014 2:14 am wrote:I have just been taking daily trades only keeping half an eye on them but I am beginning to think I should take them a lot more seriously. This is some pretty decent returns that I am sure I could have improved on, given a bit more attention (especially w.r.t. DD).

I am pretty much using the same set up as Gertje I think - 50 period TMA (daily and weekly but daily is the key one) with crossing of 90/70/30/10 Stoch lines and then I look at the weekly open as a key S/R area. I don't use the actual Daily/Weekly stoch on this setup as I have the weekly line and you can see where price is relative to it very easily.

One change I did make was I use the standard stoch but instead of the 7,2,2 setting I use 14,3,3 - as we don't need to worry too much about timing on the daily (the moves you are aiming for are pretty big) the 14,3,3 just provides less false signals but is obviously a bit slower.

I have tried stacking trades but I am not sure whether I will continue as I am not sure I am good enough at it to merit the risk live so perhaps shouldn't do it on demo.

These are the results so far.



And I have attached a screenshot so you can see how simple it is.

Cheers,
Dave.

Hi Dave, do you mind me asking if that TMA is a different one to the TMA_CG_mod3.1 which is what I thought we were using? There seems to be a difference in your lines to mine and also I'm not sure how you change the periods in the CG.
I like the look of the simplicity and soundness of the D1 trades you are taking.
Thanks for your help.
Cherry

The_Snowman » Thu Jun 05, 2014 10:22 am wrote:Thanks Bob and others that PM me. Got everything where it needs to go now I think.

Here is a chart for discussion; seems to be the only thing I can find where the Stoch is right and trend is correct.

Hasn't broken the DeMark trendline but will break a steeper line soon (not shown)

Anyone consider trading this; is this what a daily set up should look like?

Regards, John

Cherry » Thu Jun 05, 2014 11:55 am wrote: Hi Dave, do you mind me asking if that TMA is a different one to the TMA_CG_mod3.1 which is what I thought we were using? There seems to be a difference in your lines to mine and also I'm not sure how you change the periods in the CG.
I like the look of the simplicity and soundness of the D1 trades you are taking.
Thanks for your help.
Cherry

nanningbob » Sat Jun 07, 2014 7:40 pm wrote:
Cherry I am going to do a short series on the COG, TMA, and ATR lines. they are basically the same indi but you will need to see it to understand it. Right now I am in bed and will write when I feel better.

spotdespot » Sat Jun 07, 2014 8:11 pm wrote:

Cherry » Thu Jun 05, 2014 11:55 am wrote: Hi Dave, do you mind me asking if that TMA is a different one to the TMA_CG_mod3.1 which is what I thought we were using? There seems to be a difference in your lines to mine and also I'm not sure how you change the periods in the CG.
I like the look of the simplicity and soundness of the D1 trades you are taking.
Thanks for your help.
Cherry

Sorry Cherry - I am away from home/office at the moment and not back until Monday/Tuesday. I will respond properly then.
Cheers,
Dave.

nanningbob » Sun Jun 08, 2014 12:05 am wrote:I show here there is basically no difference between the TMA true and ATR indicators. I posted the pics here.

http://www.stevehopwoodforex.com/phpBB3 ... 186#p94186

boldtrader » Tue Jun 10, 2014 4:27 am wrote:

nanningbob » Sun Jun 08, 2014 12:05 am wrote:I show here there is basically no difference between the TMA true and ATR indicators. I posted the pics here.

http://www.stevehopwoodforex.com/phpBB3 ... 186#p94186

Bob, I agree with you which is why I continue to use the ATR channels, very successfully.

Cheers.