I tried “marking” only scout entries … won’t work for me. I need someone in the field. Maybe it’s a quantum mechanics kind of thing! 
if the ‘What the bleep’ team researched Forex trading I
seriously think our jaws would drop
a lot of very strange things do seem to happen
Actually there is a Quantum Mechanics thread on FF, but
with no reference to Forex, just a lot of pseudo intellectual
waffle. not useful
Another winner, one by one they seem to hit their targets.
Most trades doing well, except three
thee scouts that seem to have lost their way
How I deal with these will be crucially important
Ideally, waiting for a Strategy 2 to form
Here is the most delinquent scout trade thus far
sweet my im following
Risk to reward ratio of 1:13
Something very interesting here
I was only really aware that four of my scout trades are DD
(read Defiantly Delinquent )
We have scotomas, or blind spots, which prevent us seeing
our self destructive behaviour
but what about our success?
I was truly unaware of any success at all, I see only DD,
so my bottle seems half empty
but just checking my accounts is quite a revelation!
only one significant loser, and profits over losses
equate to 184/14
Lets say I made $184k and lost $14k, which would, if sustained,
mean a risk to reward ratio of 1:13
the fact I’m playing with Polish cents is not the point here, thats
just about the decimal point after all. if you can make 184 cents
and lose 14 cents, you should be able to make a fortune in theory.
I think most traders could live with that
but too early to bring the champagne out. DP did make a very
good point, it only needs one delinquent scout who won’t
be turned back to eat away all that profit
so in the end it is all about recouping at least most of any
losses made on these scout trades, and maybe even
profit on the recovery trade
There is quite an element of scalping at play here
I tend to think of scalping on the Lower time frames,
but I do set very attainable TPs
thats the similarity
These easy targets are invariably hit
Part Two as DP correctly reminds us, how do we cope
when things do go seriously wrong
we don’t panic
You do get a feel for when a new trend has formed
Keep alert for opportunities to recoup
Does anyone have any opinions about this? Not exactly
sure what Jon means
May be something similar to winners turning to losers because they didn’t hit a very specific target. Perhaps if he is a golfer he’s happy with “that’s a ‘Gimme’” (Give me meaning close enough)
Some Possibilities shaping up
Gold still looks like it wants to come down after
its recent upsurge, will check on closing candle tonight
but BBs are all pointing ominously up
USDJPY looks a good proposition, having bounced
repeatedly off same MA
which MA?
not important. what is important is that it has bounced
off same MA consistently, but its 20 which is a firm
favourite
Hey @Jerome32… Try the DiNapoli Stochastic as a base for the Slope overlay… will likely improve your Oscillator reading… as opposed to the standard Stochastic… Gives similar accuracy with a smoother result…
Wow… MA20… this looks very familiar…
There’s something I don’t understand on this thread:
I cannot say for sure because I don’t have the indicator so it’s a bit difficult to align the indicator with the charts posted. I’m talking about what appears to be Stochs. (with a twist in the method of displaying them is all). But in just looking at those charts: seems to me that if you just went long when the thing was at the bottom and turned green and then went short when the thing turned red at the top then…???
Alright there’s obviously a catch somewhere and I guess you’d get chopped up in a range bound market. But with ironclad discipline i.e. risk management, position sizing, and being able to stop and reverse a trade even at a loss???
Only one thing! I would think most would understand almost
nothing! )
On Strategy 2 Stoch needs to be above/ below 90/10
and break through line
Strategy 1 Stoch agrees with retracement so may not
help us, it may, as above, tell us price is moving up,
but it doesn’t know or care that it may likely respond
to MA
It is a question of what to do when reading price
action conflicts with an indicator
it is easier to obey indicator which can be quite
objective, whereas reading price action is subjective.
I don’t use standard stoch, but I will have a look at DiNapoli anyway
Yeah baby!! I’m a convert of the “20” xlv4!!
Found a DiNapoli strategy that also uses a WMA crossover
arrow.
If you know what you are doing ( only trade with trend in direction
of higher TF ) it seems remarkably accurate
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Hey @Jerome32… Quality, informative thread you have running here… Glad to be of help…
From memory you’ll use the 8,3,3 and overlay the signal(?) line for best results…
Jeepers. Talk about complications!!! LOL!!!
Can somebody, anybody, just tell me which platform this is and what indicator that is (the thick line at the bottom of that Gold chart that changes color).
Seeing as I am flat at the moment I have time to play. And from what I am seeing that thing could have two very different but profitable applications on its own
Hey @dpaterso, It’s the DiNapoli Stochastic Signal line with the XLV4 Indicator overlayed on the D1.
DiNapoli Stochastic (8,3,3,Curve 10) (Above)
DiNapoli Stochastic (6,3,2,Curve 10) (Above)
Edit: False signals dialed out by tuning the settings… some serious pips on 95%+ of the signals.
Surprisingly accurate, If you know what you’re doing.
I cannot see any signal line in the pic. But what I do see is how that thing would perform with my core trading system’s method of entry.
Which platform or charting software is that (I most certainly don’t have any Dinosaur Dino Stochs. on mine!!! LOL!!!)???
Jerome is using iTradeaims Proprietary Platform, I don’t know it.
The “Dinosaur Dino Stochastic” is underneath the (XLV4) Coloured Slope Indicator…
It’s a more accurate Oscillator than the Coloured Moving Slope so the way it’s applied in Jerome’s charts is it uses the “DDS Indicator” data to draw the XLV4 Coloured Moving Slope…
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Pity. I just looked there. Doesn’t help. I don’t want to know THAT badly that I have to pay for the privilege!!! LOL!!!
Damn sure I’ve seen this before though. Seem to remember that exact same indicator being on ThinkOrSwims’s trading platform some many years back (friend of mine traded Options with them).