fork4k

thanks for re-uploading to MF Zidane10 :)

hmm looks like multiupload is down / took itself down ... seems like a bunch of file serving services are being shot down. Is it possible to mirror the three-day l2st seminar from zidane10 to a file sharing service that is still up & running?

 

tia

Thanks for the crack ... anyone have the eBook explaining how best to use these indicators?

Thanks for the forex version of this spreadsheet. I'm looking for the futures trading journal spreadsheet. If anyone has it, please, share. Thanks

 

 

/bump

 

I too am looking for the futures version if anyone has it :)

Re the webinar / sharing software, I have used gotomeeting.com before and I'd say its a very good option.

Thanks egaalh ... I'm very eager to meet with you and fellow traders to discuss and better learn this system. I'm finding some nice results so far from looking at the markets with your template and making a few trades as my confidence builds.

 

Shall we set an approximate time when we can meet on Sunday? I'm free all day.

@Diesel10, I believe thats why we look at two timeframes ... I found this to be the case as well on the M1 ... however, if I used the direction of the M5 to filter my trades (in this case, I presume the higher timeframe would have all indicators / price pointing up by the time the first "sell" signal came at ~8:45 and so I would avoid all short trades on the lower timeframe and wait for long signals (or wait for the higher timeframe to reach an important resistance area and then consider shorts on the lower timeframe).

 

Anyways, this is how I am starting to trade this system ... egaalh can confirm / change this suggestion.

@Trader34, I've been using the system since Sunday against the EURUSD and it seems fine. I do have a higher losing percentage than egaalh ... but I am just starting out. Overall, I've still been up each day.

 

Regarding the SMI4 and BB%, they do paint as the bar is forming but I have rarely seen them change from red to green multiple times unless price is already at a turning point. In fact, occasionally I get into a trade before the bar closes when there is a confluence of the indicators having changed right at a support / resistance area as defined by the don channel / EMA34.

Hi egaalh,

 

Looks like the thread is generating a lot of interest! Hope we're able to meet up over Skype and go through the system :)

 

You mentioned you only trade during specific times of the day. Which times do you find are best? Near the market openings (I'm talking about FX)?

egaalh, I think thats a great idea! I would really appreciate getting your insights and comments about the system over skype. My skype ID is the same as in the forum - fork4k. Hopefully we can get enough interest and set something up!

@Gambler67, yeah you need the cracked version of NT6 in order to run the cracked version of BWT.

 

@egaalh ... I love your trading system! Did some quick manual backtesting today afternoon and traded the opening Asian Session. Got an average RRR of 1.26 across 7 trades (5 winners, 2 losers). And this too after I made some easy-to-correct-for-next-time errors.

 

Question about trading on the M5/M1 ... do you trade on those time frames in isolation or do you use information from both timeframes when deciding on your trades? For example:

1) Do you use the M5 to filter trades on the M1 ... so only take trades in the direction of the general M5 movement?

2) Do you use the M5 to plan out your next trade but execute on the M1 to get a better entry / exit price?

 

I found had I used the M5 more intelligently with the M1, I would have avoided my two losing trades while staying longer in my winning trades. But I'm not sure if that was something peculiar to this one trading session today or if you have found looking at both time frames at the same time useful / a waste in the past?

 

You mentioned you used the EMA34 as support / resistance. Do you find it useful to identify price extremes (eg: when price is making a steeper angle than the EMA)? Or would you suggest sticking to using the don chain for price extremes?

 

Thanks again for posting your system / answering questions ... I'm finding your approach very useful + intuitive!

thx egaalh ... could you give some info on what you look for when deciding to exit your trade?

wow!!! Thanks a TONAGE ... I've been waiting for this for a long time :) Mega Kudos / Thanks! :)

Pls add me to the list too :)

Re: Market Matrix

 

So, I've played w/ the market matrix philosophy for a month now. Did a bunch of paper trades on historical and ongoing data. Created a few matrix solutions on some stocks. All in all, much more familiar with the market matrix approach.

 

So what is my opinion of it now that I have a wee bit of experience (paper trading experience, i.e.). Well, its not quite all that its cracked up to be ... but it still has potential, I think. hermanhass is right ... there're times when it seems as if a matrix point simply doesn't appear. Its not often ... but it does appear ... the matrix point sometimes presents itself not as swing but as just a single day with a lower low / lower high or vice versa. Yuck.

 

But thats not the main problem imo since it happens rarely. The problem when I was paper trading is that I tended to mark off points prematurely; only later to find that the actual matrix point didn't appear till a few bars later. The solution? I could increase my stops to account for such cases where I'm just a day or two off from the actual point; however, I have no logical way (ATR?) of deciding where my stop should be then. Alternatively, I could integrate other indicators as a confirmation.

 

However, right now, I want to try something different. Still using the matrix. Also using some rudimentary elliott wave counts. However, instead of outright buying and shorting stocks, I want to try my hand at options. Because with options, time is on my side ... and the matrix is all about time! So even if the stock doesn't move in my direction, so long as it doesn't move against my direction, I could still be profitable. However, with options, I don't know a reliable way to paper trade it, so I am going to execute actual trades with a wee bit of money. Let's see how they go!

 

My first one ... on the SPY:

hxxp://img269.imageshack.us/img269/6074/spymatrixtest.gif

 

So what's my plan? Based on the closing prices on Friday, I believe I can execute a $122/$124 call credit spread for 0.20 each (or $20 per contract). I've queued up the order and plan on closing my position once the spread goes down to 0.10 per contract OR if price seems to have formed an MC1-6, MC1-7 but crosses above the MC1-6 (in which case while MC1-6 was MC2-9, MC2-9 was not MC3-17).

 

Will update once my position opens / gets closed.

Hi Folks!

 

Not sure if I'm allowed to post this? Mod pls delete if this is not appropriate here :S

 

But, does any1 have an invite to this private torrent tracker:

hxxp://th3vault.bz

 

If you have an invite and would be willing to give me one, my email addy is [email protected]

 

tia

Re: Dynamic Trader 5 Ver 5.0.84.131

 

here ya go:

 

hxxp://www.mult1upload.com/49CEZCD5T1

Re: Has Elliot Wave improving your trading better?

 

Most definitely yes. Elliot wave is a key part of my trading strategy and it is working out very well. It's pretty simple actually ... all I do is use the strategy described in Robert Miner's book / workshop :p ... I'm investigating integrating a few variations like the market matrix and some other ones into my trading strategy ... but you don't really have to do that ... use the strategy as its described in his material (if you find the strategy interesting and you think it makes sense, otherwise, its a waste of time trying to apply something that doesn't mesh with your personality):

http://indo-investasi.com/viewtopic.php?f=19&t=7420&start=0&hilit=dynamic+trading

Re: Option Trading Home Study Course

 

does any1 have the quick start guide + 4 strategy guides that come with the course?

Re: [REQ] Dynamic Trader 6 VERSION 6

 

Yeah the previous version (DT5) rocks! I've been running it for over a month now (windows 7 64-bit) and love it! Absolutely the best trading platform imo for a manual trader. kissaki, are you having problems installing / running DT5?

 

Yeah I'd love a copy of DT6 too. I've been watching the videos on the new features and it looks good!

Re: Why do most EA's fail ?

 

Very interesting discussion!

 

I've often wondered if there's a way to program some of the "gut feel" of trading into programs.

 

Yes, I agree with you there. I believe "gut feel" can indeed be programmed into an EA by really drilling down and asking the right questions in order to translate the gut feeling into the objective, but unconscious observations made by the trader to come up with his or her gut feel. However, I would think that this is not as simple as that because the traders gut feel more than likely evolves without him or her realizing. So while today his gut feel arises from evening out and spikes, a few months later it might arise from a different reason. And it'd be hard to find that out without continuously questioning the trader.

 

Regarding the comment on millionaire traders using fib and chart patterns, I totally absolutely agree too!!! When I read that comment I was like "BAM ... hit it on the nail". And soundfx, the reason why I believe we don't have many (any?) EA's that reliably trade based on chart patterns is because programmatic pattern recognition is HARD. Only today are we starting to see some useful image recognition software coming out on the market (eg: ones that can reliably detect and crop out faces without human intervention or suggestion to the software). Will pattern / image recognition always be hard? I don't know. But, I do think it will be very costly to implement, at least in the foreseeable future. Creating an EA based on indicators isn't terribly hard when you compare creating an EA based on pattern recognition ... at least recognition to be degree that a human brain can recognize a pattern. And if someone were to invest the time and money to create such a pattern-based EA once the technology of pattern recognition becomes reliable ... will it be profitable for them to sell the EA? I doubt it ... we'll have to see.

 

So, I guess my contribution to the discussion is this:

An EA without oversight and manual intervention probably wouldn't work for long because it is technically expensive, if not impossible, to create one close enough to the pattern recognition and adaptability of the human brain and unconscious mind.

Re: [REQ] Trading Blox 3.1

 

Kc8flq, did you end up finding a copy of TB 3.1? If so, could you please post a link :)

Re: Trading Blox™ Builder

 

lifebeam, if you are still having problems ... be sure to run tradingblox.exe as an administrator if you have UAC enabled (on vista / windows 7). I just entered "Any License Name" as the license name and "Any License Key" as the license key and it seems to be working.

Re: Dynamic Traders Oscillator

 

emaster70, if you still need MTP v6.5, you can get it here:

hxxp://www.multiupload.com/FX1VMJ0JBN

 

I've got that running fine on Windows 7.

Re: Market Matrix

 

Haven't traded with it yet. There's something about it that I find interesting which is why I'm studying it. My current trading relies solely on price action by using a lot of elliott wave and fibonacci while completely disregarding fundamentals and news (I do use stochastics as well ... but not in the conventional way it is used).

 

I like the belief that everything you require to trade can be found by merely studying a chart of an actively traded market. Something about that just makes sense to me. Price patterns over long periods of time seem less "manipulatable" compared to news or fundamentals or whatnot. That's just me.

 

So far (6 mts in the equity markets with a fairly even split between long and short positions), my trading strategy is working out well. It's not spectacular but its consistent. Haven't had a losing month yet (and I don't day-trade). For every dollar I risk, I'm making a little over 25 cents. It isn't great (yet ;)) but the deviation between the expectancies of my individual trades is fairly low.

 

Anywaysss ... back to why I am starting to like the market matrix / delta stuff. I guess I can see myself integrating it well into my current trading plan. It fits well into my belief of price action providing everything I need to execute trades with a good probability of going in my direction. I'm faaaar from trading with it yet (don't wanna mess around with something thats working :P) but over the next few months I'm planning to study it and analyze my completed trades in the context of the market matrix to see how / if it could have helped.