Lem's Big Box O' Stuff.

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LeMercenaire
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Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Mon Jun 08, 2020 6:18 pm

Playing about with mt5. Really, really don't like it but I did get this.

Stupid late in the day, UK wise but hey ho...

GU 5-min Lightning Cloud Double-Dip in running.

GUatendofDayBreather8thJune2020inrunningDoubleDip-KreslikCropGU5min.png
GUatendofDayBreather8thJune2020inrunningDoubleDip-KreslikCropGU5min.png (28.71 KiB) Viewed 413 times


Out +7.3 +8.7 [+16]

GU5minLightningCloudDoubleDipFor+7.3+8.7onjune8th2020-KreslikCrop.png
GU5minLightningCloudDoubleDipFor+7.3+8.7onjune8th2020-KreslikCrop.png (26.21 KiB) Viewed 413 times


I won't be keeping mt5 around, just using it for certain things. It takes a certain kind of talent to take something that is more than capable and turning it into the trading version of slate and chalk.

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LeMercenaire
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Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Tue Jun 09, 2020 9:14 am

So, anyway, getting back on some kind of track here now and wanted to build on the the theme begun what seems like, oh-so-long-ago :P .

The charts above show the Thunder+Lightning method stripped down even farther. That in itself fine-tunes the Ichimoko method and now by dropping the ''slow'' Thunder Cloud, we are left with a method that suits the lower time frames well.

However, I also wanted to look at the possibility of going even farther, however. As a result, I got rid of the clouds all together.

Since I began this experiment, I have found one other trader out there - in InterWebbyLand - who has investigated the same thing. He voted it a success and so it seems will I.

You see, by dropping the cloud, we leave the Kijun-sen and that becomes our Trigger-Line.

Here's a trade from today. First thing this morning, in fact, before UK Opened officially. Thank my cats for that :P

.UK100.M5howsimpledoyouwantitfolksJune9th2020.png
.UK100.M5howsimpledoyouwantitfolksJune9th2020.png (38.12 KiB) Viewed 388 times


I mean, how simple do you want it, folks?

You can even ignore the windows below, as that is some additional Directional-Bias info I will use occasionally. This isn't even strictly needed. Reason being, is that you are simply looking for a candle close over the Kijun-sen and trade from that. If you want, a simple compromise is to add the 200 sma, as that is a well-established - bendy - line in the sand that price will always react around and even the Big Gorillas use.

This in itself appeals to me even more now, as it has echoes of my Bob Volman method. One line (In his case, the 20 ema). Entries derived from PA around that line. This is my ultimate scalping method...well, it was...until now.

You will also have seen that I have been using Alias' excellent Dead Horse Method. If you consider the elements involved, there are also a lot of crossover points between all these methods. In fact, the Dead Horse entry method works well with the Kijun-sen Trigger Line. Alias' colour-change ma takes over the role of the Directional Bias I have on the chart above, so again, different sides to the same coin.

One thing that also tracks across these type of methods, is that they are supremely fractal. They work, un-adjusted, just as well on the Daily as they do on the 1-min.

For those of us here who believe that trading methods grow organically out of and to suit the trading styles and psychology of the traders using and developing them, then I think this is a prime example of the process at work.

Onward and upward!
Last edited by LeMercenaire on Tue Jun 09, 2020 11:31 am, edited 1 time in total.

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LeMercenaire
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Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Tue Jun 09, 2020 9:21 am

Supremely fractal...

Daily

.UK100.DailysupremelyfractalJne9thegForKreslik2020.png
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LeMercenaire
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Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Tue Jun 09, 2020 9:31 am

One thing that the ''other trader'' did throw into the mix briefly, was that obviously the Ichimoku method was/is designed to work primarily on the higher time frames, Daily specifically.

This, however, means that the Kijun-sen is not set-up properly for the lower ones. Thunder Cloud and Lightning Cloud obviously have their own custom settings, so it does make sense, of course.

Because of this, I have been experimenting with higher settings (the lower the time frame, the higher the setting, it seems) and tbh, I haven't seen it yet. I keep coming back to the ''standard''.

Closest fit I got was at ''100'' (standard is 26) and that wasn't too bad a go at it. In fact, I still have both running side-by-side on a number of charts to see if it will stick. We'll see. Still not convinced but you never know.

Watch The Skies!

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