HI FXC , Where are you.........

Here are the basic HAMA PAD Trading Guidelines right on the attached chart. Stop loss is set 10-20 pips from the other side of the band. If I have missed anything, I will add it on at later time.

Again, this first phase is a trend trade setups. Please take a look at this simple trading approach and give me your feedback. I appreciate everybody's participation.

HAMA PAD indicators and template are on this post.

ENJOY!

fxcruiser

Attached Images

Image#7 HAMA Basic Trading Guidelines.jpg (214.8 KB, 7164 views)

Attached Files

HAMA PAD v.1 - 0801.zip (187.7 KB, 1236 views)

__________________
HAMA PAD v1 Original (here since 8/25/06)
HAMA Z3 - CYCLE Trading with PALS**TRADE SMART... Less Indicators; TRADE EFFICIENTLY for MAXIMUM PROFITS in LESS TIME**

pipsnaper, thank you for your interest in HAMA PAD.

Some of the potential trade signals are entered live with OANDA. While forward testing on demo is done with North Finance. I am expecting to do live trading with North Finance when I get back to the USA and after I get my much needed rest.

I will keep the group posted either via this forum thread or email. ENJOY!

fxcruiser

__________________
HAMA PAD v1 Original (here since 8/25/06)
HAMA Z3 - CYCLE Trading with PALS**TRADE SMART... Less Indicators; TRADE EFFICIENTLY for MAXIMUM PROFITS in LESS TIME**

Linuxser, due acknowledgement was extended to raff1410 on my first post. VQ is definitely a good filter and a confirming indicator. HAMA PAD is a clean chart. With my basic trend trading, I don't use any confirming indicator. At times, however, I will attach the HAMA S/R Levels.

HAMA by itself has a built in filter from what I can observe. You just have to keep a good eye on it. Notice how the size of the HAMA bar changes as affected by the price action and the trend itself. The EMA channel was just a bonus item on the HAMA PAD. It makes the potential trade enty more visible and easier to recognize.

What are the other 2 emas do you use? Try 3 or 5.

Thank you for your interest in HAMA PAD and your contribution to this thread.

fxcruiser.

__________________
HAMA PAD v1 Original (here since 8/25/06)
HAMA Z3 - CYCLE Trading with PALS**TRADE SMART... Less Indicators; TRADE EFFICIENTLY for MAXIMUM PROFITS in LESS TIME**

Hi,
Well, I think the modified version is even more cleaner then the older version. I plan to use it on 30min charts and just go for 20pips/day and trade maybe 2-3 pairs. Lets see how it goes.
FXC,
I must admit it was good thinking outside the box.This filter of the bands is well thought of.Nothing is perfect and trend trades do suffer during sideways movement. Thats a sad and ugly truth.
I think there is going to be a lot of interest.
With the HA mod version, at one glance you know which side you need to be on, either the long or short. Takes away a lot of confusion of trying to see when the trend is started and when it has reversed.
I read somewhere that HA was used by some Japanese traders who made a fortune with the HA chart.
First there was the bar chart, then came the candlestick. Then came HA and renko chart. Finally came the HA-mod.
Let us see how this works out.

__________________
www.elogfx.com
Forex Trading Journal for forex traders
Free 7 day Trial

The problem of EMAs cross is you need different periods for different timeframes. So I discarded because this method is valid on any timeframe.

And when I posted my knowledge about what coming on, was pretty poor. Now, after read the explanation on the chart things are more clear.

I just viewed that, if you open the trade on m15, after a couple of hours a change in HA appears but before close the trade switch to another timeframe, like 30m or h1 and. The trade could be maintained open until something changes on a big timeframe.
If you, let´s say, sell 3 lots, close one at the first change on m15, close the second at the first change on m30 and the thirdest on h1.
GBP since Aug 18 to 21 is a good example.

__________________

Elite Manual Trading | Portfolio | Calendar | Suggestions to improve the forum | My Blog

Remember: Signatures must have three lines as maximum

Sure is. The modified version HAMA gives us a much cleaner PAD. I like you mindset, M30, 20pips/day, 2-3 pairs. The HAMA can be applied I would say from M15 to D1. I personally prefer M15 or M30, 2-3 lots w/ runner, exit at certain pips and if the trend is strong enough, the runner can take it to the higher TF for longer term trade.

For a while I was box in this FX trading, looking for a clean, simple way to look at the chart and make trade decision. I have seen chart samples with so many confirming indicators on it that it confuses me. Guess what, I did the same thing though with not much improvement on results. HA came into the picture and "my infamous" F89 indicator and I became an avid trend follower.

Bands, like you said, makes potential trade entries very visible. If you watch the HAMA, you will recognize the NTZ or no trade zones which will stop you from trading the sideways movement, unless you are scalping for 3-8 pips. We will have something else soon thrown into the PAD which will give us an early signs of NTZs.

Now, this is like 4x Made Easy without really trying. HAMA PAD, live and in color. It is so simple, a beginner's toy. 4K anyone?

Who knows? Someday, someone else maybe reading about the group of HAMA Traders making their fortune.

Don't forget about the clouds, the Ichimoku. ENJOY!

fxcruiser

__________________
HAMA PAD v1 Original (here since 8/25/06)
HAMA Z3 - CYCLE Trading with PALS**TRADE SMART... Less Indicators; TRADE EFFICIENTLY for MAXIMUM PROFITS in LESS TIME**

Where can I get these indicators??? I would really appreciate it if someone would help. Thanks.

Thnak You,
Dan.

Just pm fxcruiser Dan, he would be glad to help you Welcome aboard!

Greetings

About NTZ, do you mean to when the bars are inside the EMA channel, and/or, the open/close is inside the EMA channel, right?

One filter to use could be trade time. IE: do not trade before/after London/NY sessions.

Cheers

__________________

Elite Manual Trading | Portfolio | Calendar | Suggestions to improve the forum | My Blog

Remember: Signatures must have three lines as maximum