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Originally Posted by newdigital
It was losses for me as well during the 2 or 3 days last week. But it was one or two very profitable orders so it is ok (on jpy for example). During the 1-2 last weeks not all the pairs were tradable. Besides please not that NonLagMA big and AbsoluteStrenght indicators are just the filters only and the price may move anytime anywhere because the main indicator is the price itself. Of course it is very informative indicators especially AbsoluteStrenght indicator.
And we have Fibo-Pivot to reduce the losses.
I said in some post that we can not use this system every week.
I always look at Ichimoku D1 chart (attached). It was for EURUSD for example the following:
- price went into cloud (not trading);
- then price went out of the cloud for some time but no any buy signal on Ichimoku D1: white line crossed the price once only but white line was in horizontal way).
What does it mean?
If the price is in cloud so it is flat if the cloud is thin, or it is choppy market if the cloud is wide. Anyway it is very dangerous to trade if the price is in the cloud.
When white line is crossing the price in almost horizontal way (on closed bar) so it is flat and not strong signal. It is not trading days as well.
Anybody can estimate the dangerous market and non-trading days/weeks. It is not difficult.
Most difficult situation was on GBPUSD (see image attached) and USDCHF. We could trade USDJPY (see image attached) because it was uptrend but the border of the cloud is resistance line and this border came down (resistance line) so it was not easy as well.
Because ASCTrend system is working well when the trend is established already and it is our resporsibility to know when to use this system.
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Hello ND...
I´m with the thread since the beggining. And I think, after several test of the last ASC Trend variation (M30), the ASC Trend M15 it´s the best choice. Your work in the developmet of that was incredible.
I find hard to duplicate the results of the ASC M15 with ASC M30.
Off course, M30 is quite simple against M15. But is the balance between M1 and M30.
Anyway, maybe is a personal problem with M30. I guess I need a new computer to test M30 in hard (some 4800 dual core
with 4gb ram) because when I open 5 or 6 charts they´re eat 80% of my resources. And the only way to trade when the price is moving faster (like a few minutes ago) is only have one terminal open
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About danger or non tradable days, maybe a filter can works. A week ago I just readed one old post of yourself in braintrend thread and I add the itrend indicator in the exact wat like you suggest. Another way was put a horizontal line in the absolute strenght indicator but depends on the currency and needs to be adjusted constantly.
My favourite: a tiny trailing stop
Just my little opinion.