Alf / TVI trading — Hey there trade4fun, I have a couple of questions ... It always helps to post a chart of setups, do you have one? Are you watching for signals on a 15 minute chart? If so, 100 pips is probably way to much for a stop exit. ...

ALF/TVI - Simple, effective daytrading

News Calender — The main page of Forex Factory has the best news calender out there ... url Mark

ALF/TVI - Simple, effective daytrading

Counter Trend Trades — Counter trend trades are for addrenalin junkies ... LOL . I should mention I knew this was a risky trade and that my trade was 1/4 of my normal lot size. I do not recomend counter trend trading to someone starting out. ...

ALF/TVI - Simple, effective daytrading

a quick Counter trend trade — a Valid Alf / TVI trade but counter to the trend. Entered Long on the close of the candle(that closed up) immediately after the candle that crossed the ALF signifcantly. This means there was some momentum. TVI was ...

ALF/TVI - Simple, effective daytrading

TVI Divergence — I am still analyzing behavior of price when TVI diverges, but from a pure technical standpoint when the TVI diverges from Price it means that the price movement is running out of strength. I spent the weekend analyzing old ...

ALF/TVI - Simple, effective daytrading

Analysis of my last trade — I did it again, entered into a risky trade. I entered short right into a support area of 1.3305. It was also a major round number area of 1.3300. Before the trade I reasoned that price usually likes to break through ...

ALF/TVI - Simple, effective daytrading

quick trade on EUR USD — Hi all, A quick trade from this morning. Short EUR USD on cross of ALF with TVI pointing down and near to cross zero line. Tp Exit set to 20 pips. Stop exit set at 10 pips. Additional analysis that i noticed (GBP/USD ...

ALF/TVI - Simple, effective daytrading

Analysis of trade — Your entry was a good one. Your stop would need to be above 1.5385 (the last swing area) and your take profit around 1.5325 or a bit lower to get at least 1:1 risk : reward ratio. This trade would have worked out then. On a ...

ALF/TVI - Simple, effective daytrading

For me — I was just using that big signal bar example as something I look out for while considering a signal. As for trading the chart... Yes, they are both valid entries. The one from 5 bars prior is a bit questionable to me because it closes ...

ALF/TVI - Simple, effective daytrading

Signal Candle too big for me. — Hey all, I wanted to post a trade I passed on due to the size of the signal candle. It happened this morning. on EUR USD : The setup : Major news happened 2 candles before the signal candle ( unemployment claims ...

ALF/TVI - Simple, effective daytrading

The technicals are there — It looks like the Technicals support a short BUT BEWARE the FOMC announcement is coming out at 2:15pm Ny time. Mark

ALF/TVI - Simple, effective daytrading

Woot !!! Another successful ALF (A Lou Favorite) ... LOL Exited @1.3189 for +20 Because - 1. Traded into Resistance with no real news to help drive price. 2. 5 Down arrows in a row so expect a bit of a pull back. 3. The system rules I am ...

ALF/TVI - Simple, effective daytrading

Todays alf — This trade deserves a bit of watching ... It is a counter trend (short term) but both 1 hr and 4 hr agree with the direction. We will see what happens ... Mark

ALF/TVI - Simple, effective daytrading

Quite the spike — Wow, that is quite the spike. I wonder what Fed Chairman Bernanke and ECB President Trichet are saying ... ? I usually do not pay attention to speeches or testimony events. Mark

ALF/TVI - Simple, effective daytrading

Nice quick 20 pips after news — Pretty text book entry. The exit could be let to run more but it is late London and mid US, so I exited at fixed 20 pips. Mark

ALF/TVI - Simple, effective daytrading

Review of last trade — Last trade analysis: Not bad, I knew going in that it was to be a small +10 pips unless price took off in first 15 minutes. The setup was too good of an example of a "textbook" entry signal for me to pass up. From a ...

ALF/TVI - Simple, effective daytrading

Tough day — Hey all, This looks like a tough day with 8:30 unemployment claims and 10:00 Home sales numbers along with G20 all day in europe leaves me thinking of staying on the sidelines today. Also of note is big resistance around 1.3300 ...

ALF/TVI - Simple, effective daytrading

Thanks Lou !!! — I wanted to take a bit of time to thank Lou for sharing this method with us. It is a clean and simple method with room for personal analysis to help filter trades. Thank you Lou for sharing this method and continuing to post ...

ALF/TVI - Simple, effective daytrading

Post trade analysis — I usually do a post trade analysis fo my own records. This trade was a bit too risky to enter. With no major news for investors to speculate on, I was lucky to get the pips I did. The technicals seemed to be there, but I ...

ALF/TVI - Simple, effective daytrading

Retracement -> Reversal? — Actually, for the shorter term (15 minutes chart) and the last move from 1.3442 down to 1.3358 , It is at least a 50% retracement (now showing a 61.85 retracement) maybe truning into a short term reversal. When I ...

ALF/TVI - Simple, effective daytrading