dancingphil wrote:Just some observations from a different perspective to most reports of the trading experience with 10.3 that I have read here.

My approach is different because

A) I have never been a user of SL's; I use MPTM's hedge function to trigger at -30 pips (or I manually set them as pending stop orders) for getting out of trades that go against me. And

B) I Have no desire to or experience with trading multiple currency pairs; rather I use much larger lot sizes on the currency pair I am most familiar with - EUR:USD. And

C) Unlike Bob who sets his many trades then goes off to eat pizza without a care in the World, I do sit at my computer watching movies with 75% of my screen used and monitor my large lot sizes out the corner of my eye; ready to add new trades as the chart suggest they are reasonable to take.

I am loving 10.3 because

1) It is a truly simple system to work with

2) statistically on most days price action does move in favor of crossing the red DO line away from the Black DP. And

3) The Pivot's DR AND DS levels for exiting trades cleanly. And with Baluda's fib levels the past few hours, I have seen very clear additional TP targets to work with throughout the London and New York trading sessions. Almost like clockwork, price action almost always tends to hover around these DS/DR and DSFib And DRFib targets.

Using today (November 19) as a case in point;

YES the red line DO cross has worked its magic, AGAIN.
YES the DS/DR levels have worked their magic, AGAIN
YES Baluda's fib levels both DRFib1 and DRFib2 both have worked their magic too; allowing for profit taking and order re-entry upon retraces.

In addition, at what looks like the end of momentum for the main trading day, I am also finding strong successes with counter trend trading from the DS or DR levels for an additional 20-35 pips.

By this method, with much larger lot sizes, 10.3 with the various profit targets now clearly plotted, and by only working the one currency pair I have always enjoyed and have come to have some feeling for; I routinely and regularly find I am able to make 20-35 pips several times a day.

As for hedging; where price action goes in favour of the black line DP away from the DO, I find that rather than just let the hedge (set at 200%) hit a break even to close both trades, I prefer to scoop up the extra pips by closing both the original trade and the hedge at a DR or DS profit target.

I began practice with the 10.3 system by being shy of the DS/DR profit targets, setting my trades to close just before these targets. But now I have a high degree of confidence that almost always the target gets fully and firmly met; and so I now set my TP closes at just outside the target levels for an additional 5-8 pips per trade.

And I am now very confident that when a DS/DR2 level is reached late in the trading day that there's usually a solid 30-50 pips to be had on the counter trend weakening in price in the hours towards the end of New York and the Opening of Tokyo.

I love your work brother Bob. A most hearty pat on the back from Dancingphil in Guangzhou.

disbellj wrote:I'm done with changing indies for this. It's just too difficult and I'm tired of trying to make it work better than it does or on other timeframes. If people want synchronization, they can use my indicator on H1. Otherwise I recommend the offline chart babalu4u gave link to and using standard indicators.

Is there anyone that wants me to update my AllPairs?

Kindest regards,

Don

dancingphil wrote:Just some observations from a different perspective to most reports of the trading experience with 10.3 that I have read here.

My approach is different because

A) I have never been a user of SL's; I use MPTM's hedge function to trigger at -30 pips (or I manually set them as pending stop orders) for getting out of trades that go against me. And

B) I Have no desire to or experience with trading multiple currency pairs; rather I use much larger lot sizes on the currency pair I am most familiar with - EUR:USD. And

C) Unlike Bob who sets his many trades then goes off to eat pizza without a care in the World, I do sit at my computer watching movies with 75% of my screen used and monitor my large lot sizes out the corner of my eye; ready to add new trades as the chart suggest they are reasonable to take.

I am loving 10.3 because

1) It is a truly simple system to work with

2) statistically on most days price action does move in favor of crossing the red DO line away from the Black DP. And

3) The Pivot's DR AND DS levels for exiting trades cleanly. And with Baluda's fib levels the past few hours, I have seen very clear additional TP targets to work with throughout the London and New York trading sessions. Almost like clockwork, price action almost always tends to hover around these DS/DR and DSFib And DRFib targets.

Using today (November 19) as a case in point;

YES the red line DO cross has worked its magic, AGAIN.
YES the DS/DR levels have worked their magic, AGAIN
YES Baluda's fib levels both DRFib1 and DRFib2 both have worked their magic too; allowing for profit taking and order re-entry upon retraces.

In addition, at what looks like the end of momentum for the main trading day, I am also finding strong successes with counter trend trading from the DS or DR levels for an additional 20-35 pips.

By this method, with much larger lot sizes, 10.3 with the various profit targets now clearly plotted, and by only working the one currency pair I have always enjoyed and have come to have some feeling for; I routinely and regularly find I am able to make 20-35 pips several times a day.

As for hedging; where price action goes in favour of the black line DP away from the DO, I find that rather than just let the hedge (set at 200%) hit a break even to close both trades, I prefer to scoop up the extra pips by closing both the original trade and the hedge at a DR or DS profit target.

I began practice with the 10.3 system by being shy of the DS/DR profit targets, setting my trades to close just before these targets. But now I have a high degree of confidence that almost always the target gets fully and firmly met; and so I now set my TP closes at just outside the target levels for an additional 5-8 pips per trade.

And I am now very confident that when a DS/DR2 level is reached late in the trading day that there's usually a solid 30-50 pips to be had on the counter trend weakening in price in the hours towards the end of New York and the Opening of Tokyo.

I love your work brother Bob. A most hearty pat on the back from Dancingphil in Guangzhou.