Using @Pex

[exp48967]

Moderated Message: Please use the 'Thanks' button in the future.

 

Thanks :)

 

I did it FT before writing the post but was also a request about this:

 

I will post some charts showing how this system keeps one out of bad trades and bad markets.

 

Thanks! :)

[Wanderer]

The first chart is an example of a good trade in a strong trend.

 

The second chart is an example of a bad market and how the Deviations Bar sub-chart can keep you out of bad trades. And finally get you into a good trade.

 

All of the Scales for the sub-chart are set to Logarithmic.

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/037d1c6b-1ac4-4f0a-8114-2876ee2e5de2/2014-09-07_1028.png

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/927f3dea-bb44-4912-9d44-ab93d27bb76c/2014-09-07_1048.png

[SecretTrader]

Try adding on the APEX EMA indicators. I use Period 12 and period 20, to trade trends.

 

The first chart is an example of a good trade in a strong trend.

 

The second chart is an example of a bad market and how the Deviations Bar sub-chart can keep you out of bad trades. And finally get you into a good trade.

 

All of the Scales for the sub-chart are set to Logarithmic.

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/037d1c6b-1ac4-4f0a-8114-2876ee2e5de2/2014-09-07_1028.png

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/927f3dea-bb44-4912-9d44-ab93d27bb76c/2014-09-07_1048.png

[Wanderer]

Monday was the first day I was going to trade live with 1 contract. I failed to do so because I forgot my rules. I used to keep them in front of me but removed them. So then forgot to plot the VPOC, VAH, VAL from the previous day onto today's. Because of that I did not see the strength of the trade and consequently did not take it. It was about a $600 potential trade. The disappointment is below. Great trade. But I failed to keep my rules in front of me and follow them.

 

Tuesday, having got my discipline back, traded fine. $460 trade on my Live account. We will see by the end of the week how much earnings I've managed to hold on to.

 

(The Data Box for the charts is not accurate. Please pardon the links instead of inline charts. I am trying to save bandwidth. Sub-chart Scales has been set back to "Linear".)

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/2cef6d77-008e-43b3-97b8-c1e220155d8b/2014-09-10_1254.png

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/6511adeb-c939-4957-8686-9e0208ccf388/2014-09-10_1323.png

Edited September 10, 2014 by Wanderer

[⭐ flipper26]

Monday was the first day I was going to trade live with 1 contract. I failed to do so because I forgot my rules. I used to keep them in front of me but removed them. So then forgot to plot the VPOC, VAH, VAL from the previous day onto today's. Because of that I did not see the strength of the trade and consequently did not take it. It was about a $600 potential trade. The disappointment is below. Great trade. But I failed to keep my rules in front of me and follow them.

 

Tuesday, having got my discipline back, traded fine. $460 trade on my Live account. We will see by the end of the week how much earnings I've managed to hold on to.

 

(The Data Box for the charts is not accurate. Please pardon the links instead of inline charts. I am trying to save bandwidth. Sub-chart Scales has been set back to "Linear".)

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/2cef6d77-008e-43b3-97b8-c1e220155d8b/2014-09-10_1254.png

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/6511adeb-c939-4957-8686-9e0208ccf388/2014-09-10_1323.png

 

@Wanderer, good start, keep it up.

[Wanderer]

Wednesday was Oil Inventories. So I was a little apprehensive about trading live. The system did well to keep me out of several false breakouts. Although it did require some judgement based on experience. When it finally signaled a valid breakout, low Volume invalidated the trade. There was no way to take the trade using my current rules.

 

This system will never be mechanical. The upside is that the more experience you accumulate with this system the better the trader you will be. My conclusion is that Oil Inventories can be traded with the system but caution must be taken. I would suggest that a new trader skip trading Inventories day initially when trading live.

 

Also, I am noticing clear patterns with this system. Repeating patterns. I am impressed with how these bars filter out the noise and reveal the market's real movement.

 

Well here it is below. See what you think.

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/aef36474-41ec-4ed0-9893-c7ea2c6994a2/2014-09-11_0908.png

[Wanderer]

Thursday's trading was problematic for me. So I quit early. Had a hard time clearing the Value Area for a Trade before it was too late it. I think the Volume Wand may have been a crutch for me when I didn't have the confidence to allay my fears. No Trades taken Thursday.

 

What I have depicted below is how Trading would have been if done without the Volume Wand. I also believe that if the Range is not breaking out, then perhaps Volume does not need to be breaking out as well, to be a valid Trade. Although when Range is breaking out, then a breakout Volume would be required.

 

I will trade Fridays market that way. Fortunately, I am now trading with Mr. Market's money. :)

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/da1b81f9-b42b-4a5e-a492-0b88b2443852/2014-09-12_0939.png

Edited September 12, 2014 by Wanderer

[Wanderer]

I didn't Trade Friday while I was working out the details of trading Price Action using Volume Wand to confirm. Rather than the other way around. Which is how I was Trading. This way works much better. Entries are sooner. Stops smaller and smarter.

 

There is a method to my madness. I'm being thorough and exploring all of the possibilities. I rather do this right, rather than do it over.

 

So I took 1 trade for $460 this week. That's an OK start. Anything above 0 is good. Many more Trading opportunities. I hope to exploit those next week. If we move carefully now, then later, when the way is clear, we can scale up quickly. Without having to look over our shoulder for surprises.

 

I removed from view the Range Bar sub-chart. It was redundant with the Range Boxes on the Price Action. Must keep the chart as clear as possible.

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/6d10c6d6-d964-41b7-8329-c99a22848358/2014-09-13_1054.png

Edited September 13, 2014 by Wanderer

[SecretTrader]

How far back did you backtest your system?

 

I didn't Trade Friday while I was working out the details of trading Price Action using Volume Wand to confirm. Rather than the other way around. Which is how I was Trading. This way works much better. Entries are sooner. Stops smaller and smarter.

 

There is a method to my madness. I'm being thorough and exploring all of the possibilities. I rather do this right, rather than do it over.

 

So I took 1 trade for $460 this week. That's an OK start. Anything above 0 is good. Many more Trading opportunities. I hope to exploit those next week. If we move carefully now, then later, when the way is clear, we can scale up quickly. Without having to look over our shoulder for surprises.

 

I removed from view the Range Bar sub-chart. It was redundant with the Range Boxes on the Price Action. Must keep the chart as clear as possible.

 

http://content.screencast.com/users/WanderingIntheField/folders/Default/media/6d10c6d6-d964-41b7-8329-c99a22848358/2014-09-13_1054.png

[Wanderer]

How far back did you backtest your system?

 

Visual back test with Replay data (for accurate volume)? 3 months more or less.

 

My trading assumptions are that one never knows what the market is going to do. So I don't like to try to project my trade assumptions anymore than a Bar or two into the future. Just long enough for my trade to move out of danger. Although I am finding the Deviation Levels to be reliable targets.

 

Good trading, W.

Edited September 15, 2014 by Wanderer

[Wanderer]

I apologize for my absence.

 

I want to provide a conclusion to this trading system.

 

I was first attracted to the Apex system because of its innovative approach. Having Deviations calculated by the vendor and provided to the user daily provided an edge. The trade I used was a pullback to the Deviation. Which worked very well. I took 2 trades for $700.

 

But now I feel that the volume of trades that I receive with this system, with the high probability that I require, are not enough. So I have decided to move on to the Sniper Scalping System. The volume of pullback trades is higher and they confirm well with the Logik Volume Wand. If I experience any success with it I will start a thread where I will post my trades for discussion.

 

Thanks for following. I am still willing to answer questions about the Apex system.

 

Good trading, W.

[Wanderer]

Before I move on I would like to answer some questions sent to me privately.

 

I like the volatility of CL. Nothing moves like it. But found the volatility often unmanageable. The Apex bars solved that problem for me. It filters out the noise well.

14 tick bars also helped filter out the noise. It requires bigger stops. But with the Deviations as reliable targets I can keep my Risk/Reward 1/1 or better. Which then makes the larger Stops acceptable.

 

My trades were almost exclusively Pullbacks to Deviations with a Deviation as a Target. They were the highest probability trades.

 

The Volume Wand is an integral part of my trading arsenal. Being able to plot real support and resistance, not just theoretical, is a big advantage.

 

Thanks for the questions, W.

 

"- You've changed TF to CL, as I understand because of current volatility. CL has more stable and longer trends;

- 14 ticks bars can be quite a bit too wide for the stops (28+2 ticks in the case of reversing) - what are your current goals ? (I remember $100/day on the beginning)

- I assume, the proper entries, are only made in the case of confirmed trend, what requires to choose the instruments such as a CL with big daily volatility and long trends. ES could clear your account very quickly with these assumptions.

- I like, you've introduced the Logik Wand with a volume analysis

- For me and for now the most valuable indicator is Deviation Levels used as a S/R."

[⭐ stingrayzz]

Wanderer,

 

I appreciate your experience with this product. I know several people that have tried the Sniper Scalping System and were not profitable with it. I hope you are profitable with it.

 

Cheers

[Wanderer]

Wanderer,

 

I appreciate your experience with this product. I know several people that have tried the Sniper Scalping System and were not profitable with it. I hope you are profitable with it.

 

Cheers

 

I think the problem that many are having with trading it that they are trading mechanically - they see a red arrow they go short, a green arrow they go long. I have never seen a system that could be traded successfully like that.

 

One has to bring to a trading system some knowledge of trading. The signals are just to bring one's attention to a situation that may be tradeable. In my opinion the Logik Volume Wand is a great way to confirm a signal to determine if it is actually a high probability trade.

 

My testing so far has indicated that the Sniper Scalping System will do well. I have made a change to give me the trades I want. I have substituted 12 Tick Apex bars for the 6 Tick (CL) Range Bars. I like it much better. Of course I always confirm with the Logik Volume Wand to make sure I am trading from strength and not into it.

 

Good trading, W.

Edited September 23, 2014 by Wanderer
Changed 6 Tick Apex Bars to 12 Tick Apex Bars

[mtpf]

Can anyone share this system/indicators?

[newbie0101]

Can anyone share this system/indicators?

Howdy mtpf--Hope all is well--Not trying to be rude but have U even looked in the file (U know the one U were complaining about the download not working)-- over here in this thread--

http://indo-investasi.com/showthread.php/25116-My-Whole-collection-of-indicators-downloaded-from-indo-Investasi?p=390649#post390649

 

The reason I ask is that now Ur in this thread asking for (oh that's right ) something that was---Guess what--In the "file" from the other Thread--LOL-Plenty of stuff in that file to keep U busy exploring all kinds of "systems/Indicators"---that by the way have been GRACIOUSLY provided in this community by those that--I Know blah blah blah-- I have tendency to ramble --LOL---But U know what many things have been shared here by those that are genuinely(in my book)--AWESOME--THANKS TO ALL OF U!!!

anywhoo back to my point as U can see in the Screenshot---What U R requesting here already exists in the file U just downloaded from previously mentioned thread---again I am not picking on U or meaning to come across as Rude as some will see---Just pointing out the obvious!!

Hope Helps

ALL A GREAT WKND!!

 

%5Bimg%5Dhttp%3A//i64.tinypic.com/m7713c.jpg[/img]

Edited November 13, 2015 by newbie0101

[mtpf]

Yes I accept my fault buddy.Thank you so much for drawing my kind attention and being kind with us.God bless!

[fxtech]

"http://indo-investasi.com/showthread.php/25116-My-Whole-collection-of-indicators-downloaded-from-indo-Investasi?p=390649#post390649"

 

 

Link not working, can someone reupload?

 

Thanks