What an amazing thread. I don’t think I have ever seen such a group of people working together like this before.
Tymen1, wow is all I can say for all of your hard work. I must also add a big thank you!!
I have not just been reading your thread but also doing all of your exercises. I did just like everyone else and added the gmma then deleted it. Added the macds then deleted them.
I feel like most of your students that I have a decent grasp of the bb walks. The next step is figuring out the crossovers as i call them without getting faked out for a loss.
Practice and chart study is what I shall do with you away at the moment.
First of all, I wish to know the answer to the question I asked before leaving…Is the Bollinger DNA method successful for you?
[B]That is, are you getting a very high win/loss ratio?[/B]
[B]This is a very important matter, and will determine where I move on from here.[/B]
I am also going to deal in depth with the 5 stage entry method developed by Graviton using the GFT platform where the entries are averaged.
I like this entry method (with a few slight modifications).
It definitely give a better stop loss execution with the potential loss of only one contract whereas the 2 contract approach that I have used here (first explained by Boris Schlossberg) results in a potential loss of 2 contracts.
happy to see you back, testing your strategy since 3 weeks, I think it’s not enough for give an conclusion (if conclusion exist in forex ) but results seems very interesting and profitable, and I am more and more quiet with, thanks again for all your efforts.
Sharing discussions on the chat room were very interesting too thanks to all contributors for that too.
A huge welcome back Tymen. Of course, I would vote to go for exploiting trends to the fullest in the Macro method, but many are having good results with the BB DNA, including me, so I’ll go along with the crowd on this one.
Dodge, just watched your video. Great fun! I believe on the loss on your video you may not have had much opposite band contraction and the entry candle may not have been smaller than the extreme candle as required for the 1 candle entry. I may have missed it though as I was watching it on my laptop small screen.
In any case, there have been many days where I’d be a happy camper with +157 pips. Thanks for the video.
Thank you to [B]Graviton[/B] and a welcome back to [B]Dodge83 [/B]after what seems a long absence!!
([B]DodgeV83 [/B]is our local programming and computer expert and will compliment the efforts of [B]IronHeart [/B]nicely).
[B]DodgeV83 [/B]did a lot of programming and video work for my first thread on candlestick trading.
OK, its very late here and I am still unpacking things and sorting the mess out.
Only just got the computer online a little while ago - no problems.
So I will continue posting tomorrow in between organising my new home.
To all, please keep letting me know of your opinions of the DNA method.
I for one would like to hear all about the macro method (as well you integrating Gravs multi-lot positioning into your original strategy).
I am still working evenings and often do not find enough BB DNA entries that fit the strict criteria of the strategy when I am available to trade (trading off the 30m+ charts during peak hours doesn’t leave one very many chances to nail the entries). This leads me to stepping outside the strat and into dangerous higher-risk trades to try and get better returns – which in turn leads to disaster.
After a few tips to clean up the original BB DNA method, I say “On to Macro!”.
The move went well but it is rather lonely out of the city - I will have to get used to it.
I will defintely be using an electric blanket - the winter chill has really started here!!
I would offer you a cold beer, but it sounds like you would have more use for a hot toddy.
So here you go!
As for success, it’s an interesting ride. I am working on a few different angles on the stop loss/take profit issues I’ve had.
There have been times when I have noticed continuation patterns that occur. Taking advantage of them has been my focus.
I’ll post some thoughts as I get the ideas more developed.
But so far, here’s a little hint. I have stopped implementing a t/p. Instead I have switched to getting stopped out to end the trade based on what I see in terms of continuation vs. trend reversal.
The idea is to try to let the trade run until a true reversal happens.
For full disclosure, I don’t think I’m doing it “right” in terms of following all of Tymen’s rules. I just got into this thread today so I’m still learning it all. Due to my pyramid method of trading (keeps the R:R ratio highly favorable) I might not be comfortable with a TP1 and TP2. We will see how it goes.
