I'm looking for a simple way to make sure your stop loss low - Trading Systems

[Deleted] 2008.10.02 02:45 #121

Hi

I have succesfully installed the indicator.. just wondinging what is the best setting for LT1 somone mentioned 6 9 What is this 6 & 9..

not sure of this

thanks

Linuxser 2008.10.03 04:28 #122

sillykiddo:
Hi

I have succesfully installed the indicator.. just wondinging what is the best setting for LT1 somone mentioned 6 9 What is this 6 & 9..

not sure of this

thanks

IMHO, just leave it with defaults.

Cos, our main friend is LT2 (with defaults too)

Actually my posted template have a 6 with RISK. I've tested same option with 9 and I don't like it because signal comes a bit late, almost with LT2

Chaikin Oscillator - Oscillators Getting Started How to Become a

Linuxser 2008.10.03 04:31 #123

Linuxser:
Sorry, too much common RSI.

On the pictures read 50 as zero .

And on the last Euro uptrend we see the indicator decoupled from price. LT is aligned but RSI is weak. I do not take that trade.

And I didn't, I was right.

I shorted the pair because the way down was alive according with the RSI peak. And we take the short side again with another 400 pips in a few days.

The "ignore mode" worked beauty in this case.

Files:

picture1234567.gif 18 kb

Chaikin Oscillator - Oscillators Parabolic SAR - Trend Williams' Percent Range -

tagada 2008.10.16 08:55 #124

Hi there, I'm looking for a simple system and this one looks like one! I'll try it and let you know, but I like the simplicity of it (especially as compared to ASCtrend).

Linuxser 2008.10.16 23:03 #125

This example is valid, two trades, one for short and one for long, besides the last move was a small one.

Files:

picture12345677777.gif 33 kb

mantd 2008.11.06 01:21 #126

Labtrend on 5 min chart

Hi Linuxser,

Firstly thank you for Labtrend system.

I am trading on a 5 min chart. The reason being i would like to keep the stop loss low as per the system.

Need your opinion;

Would it be better to add confirmation (Labtrend 1) to a higher timeframe for a more accurate setup ? or should i trade at higher time frame with lesser stops ?

Thanks

Parabolic SAR - Trend Parabolic SAR - Trend Managing Pending Orders -

Linuxser 2008.11.06 02:25 #127

mantd:
Hi Linuxser,

Firstly thank you for Labtrend system.

I am trading on a 5 min chart. The reason being i would like to keep the stop loss low as per the system.

Need your opinion;

Would it be better to add confirmation (Labtrend 1) to a higher timeframe for a more accurate setup ? or should i trade at higher time frame with lesser stops ?

Thanks

First, you need to trade in a timeframe where you feel comfortable and avoid the one that makes you nervous. If you're nervous I'm sure your decisions will not be the best

Second, you could trade the M60 or M30 or what you want combined with M5. Just set LT1 to Mx TF.

It could work but I'm not sure. It changes the conception of the system and needs a good time to be tested. On this case you would take only longs and shorts and forget about the indicators alignment.