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GFIs1 HiLo DAX Signal
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GFIs1 HiLo DAX Signal

  #81 (permalink)
Market Wizard
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Hi @bmtrading9

Looks good - congrats!
As the VWAP band can go to 3 instead of 3.1 the signals will not differ a lot.
Remarking that your Kumo colors are negated to mine - but this is only a thing
to be get used to.
Now is the moment to get on the testing route. My normal approach is to
playback some interesting periods to see where one would have taken the
turning point.
Have a look especially for a SL setting which should be wide enough but
as near as possible to prevent a big loss.

Happy testing
GFIs1

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  #82 (permalink)
Market Wizard
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GFIs1 View Post
Hi @bmtrading9

Looks good - congrats!
As the VWAP band can go to 3 instead of 3.1 the signals will not differ a lot.
Remarking that your Kumo colors are negated to mine - but this is only a thing
to be get used to.
Now is the moment to get on the testing route. My normal approach is to
playback some interesting periods to see where one would have taken the
turning point.
Have a look especially for a SL setting which should be wide enough but
as near as possible to prevent a big loss.

Happy testing
GFIs1

@GFIs1 - Thanks for you response. About kumo colors you are telling it should be reversed i.e RED to GREEN and GREEN to RED? Also, in the previous chart I used VWAP band of 2 and 2.8 and signal arrows are for 2.8...If I put VWAP setting of 3 I can see entry and exit point only at the beginning of the session as you know morning session will be very volatile and VWAP bands just started from zero, this behavior is putting me in lot of confusion. My question to you is how you manage this signals at the beginning of the session?

Thanks for all the help.

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  #83 (permalink)
Market Wizard
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Hi @bmtrading9

There is indeed a special treatment for beginnings / openings.
Did not want it to make to complicated first.
I will explain with an example chart tonight.

Good tests!
GFIs1

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  #84 (permalink)
Market Wizard
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GFIs1 View Post
Hi @bmtrading9

There is indeed a special treatment for beginnings / openings.
Did not want it to make to complicated first.
I will explain with an example chart tonight.

Good tests!
GFIs1

@GFIs1 Thanks once again...I reverted colors on cloud, I changed VWAP SD to 3. I got a signal (see the RED arrow), is this a valid signal?

Thanks
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  #85 (permalink)
Market Wizard
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bmtrading9 View Post
@GFIs1 Thanks once again...I reverted colors on cloud, I changed VWAP SD to 3. I got a signal (see the RED arrow), is this a valid signal?

Thanks
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..not valid..
Turning down means the VWAP band (with price) must be ABOVE red kumo to give a valid SHORT signal.
Here on this side only LONG signals might be right.
In other words: we are still on the downleg right now.

GFIs1

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  #86 (permalink)
Market Wizard
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GFIs1 View Post
..not valid..
Turning down means the VWAP band (with price) must be ABOVE red kumo to give a valid SHORT signal.
Here on this side only LONG signals might be right.
In other words: we are still on the downleg right now.

GFIs1

So in summary

For LONG entry

1. Low of price bar (3 mins) must go below lower VWAP band (SD = 3)
2. Cloud must be GREEN (note that RED and GREEN are reversed than default colors of Ichomoku cloud)
3. Cloud must be on top of middle VWAP line.
4. Cloud must be on top of price.
5. VWAP should NOT be in the GREEN kumo (i.e it should be out of kumo) - so not on the "right side"
(which means nearer / not farther) from price to kumo. - Check post # 71 (Thread # 8)
6. Validation for a signal needs a move of more than 1% change since last signal.

For SHORT entry

1. High of price bar (3 mins) must go above upper VWAP band (SD = 3)
2. Cloud must be RED (note that RED and GREEN are reversed than default colors)
3. Cloud must be below middle VWAP line.
4. Cloud must be on below of price.
4. Validation for a signal needs a move of more than 1% change since last signal.


Stop Loss (SL)

As long as the signals are accurate and valid - a stop loss is easily set in a very tight range.
We think of not going higher on the price "Hi" or not to go lower on a price "Lo". With these
extremes that should not been touched again a SL of 10 points as disaster stop in case of
a turning on a wrong signal seems adequate.
This is restraining the loss to a absolute minimum. If the signals are well the stops will never
be in use.

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The following user says Thank You to bmtrading9 for this post:
 
  #87 (permalink)
Market Wizard
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Hi @bmtrading9

Very well stated trading plan above.
Now coming back on our starts in the morning hours where signals normally often occur:
The signal is NOT valid when the Kumo is OUTSIDE of the VWAP band. This is normally
the case when a gap happened.
So wait for developing VWAP band and Kumo is getting INTO the band - so the signals
are well.. Of course all OTHER rules must be true as well to get a turning point.

Concerning SL:
I have found that price move around 1% the SL may be very tight. With every 1% added
the SL has to be widened (by the same amount as the first SL).
This prevents running into a SL right after the signal's turning point.
eg: 4% move needs much more space to "make that turn" than after a 1% move ;-)
Just a remark out of my experience on the DAX - I assume it is the same for all instruments!

GFIs1

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  #88 (permalink)
Market Wizard
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Downleg..

As we had some downmove with no valid long signal so far
I assume to stay in that short even over holidays and
expect to see some more points on this trade here.
From a daily chart @ 7650 (on Monday?)

Have a great time
GFIs1

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  #89 (permalink)
Market Wizard
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@GFIs1 Please take a look at the attached chart and let me know if the these two short entries are valid or not?

I modified my timeframe to 4 mins and VWAP band to 2.8 instead 3.0.

Also, signal mean when the HIGH/LOW of the timeframe crosses/touches the VWAP band right?

Signals at the start of the session are valid only if the cloud is *in the VWAP bands* right?

Again regarding Stop Loss what you are telling is after getting the signal 1% SL is too tight? If possible please explain the start of the day signals and SL concept with images.

Appreciate your help.

futures.io (formerly BMT)rader9
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  #90 (permalink)
Market Wizard
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bmtrading9 View Post
@GFIs1 Please take a look at the attached chart and let me know if the these two short entries are valid or not?

I modified my timeframe to 4 mins and VWAP band to 2.8 instead 3.0.

Also, signal mean when the HIGH/LOW of the timeframe crosses/touches the VWAP band right?

Signals at the start of the session are valid only if the cloud is *in the VWAP bands* right?

Again regarding Stop Loss what you are telling is after getting the signal 1% SL is too tight? If possible please explain the start of the day signals and SL concept with images.

Appreciate your help.

futures.io (formerly BMT)rader9

Hi @bmtrading9

The chart looks good - the signals too..
In fact I can not see if the signals are really valid - first you are working on a different instrument, second you
changed params a little bit and third I have never tested other instruments than the Dax future.
Looking at the last two days of end of the first quarter 2013 we need to be very distant too - as normally with
low volume some prices are pushed in a desired direction (here up to new highs).
I am looking forward into the first two weeks of april to get a better big picture.
Please go on with testing.

GFIs1

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