More simple is impossible, I think.
Trading like a Simple-Minded Gambler 5 replies
NITRO Variations for Open-minded Traders 290 replies
The Absent Minded Investor - Adventurous Forex Trading Tales 32 replies
DislikedI have been experimenting setting up my mt4 with 4 screens open, 5M, 15M, 1H and 4H on the one screen. It's a bit awkward though, I suppose I could save them as profiles for each instrument, and just scroll through the profiles, but still a bit cumbersome. Any one know of a better method? Your idea Almuten, of say like a table, or like a matrix board where it's scanning all pairs and all time frames is the best idea. Lets hope a programmer gets on board and decides to help out. {image}Ignored
Disliked{quote} Hey Timo, The alpha, if I remember right, shortens or lengthens the cycle. Mathematically, what happens is that Elher's formula makes a 'circle'. The alpha, I believe, is a smoothing function that makes the circle bigger or smaller. Elhers leaves the alpha at .07 so that's what I do. Anyway, the circle is then cut in half, which is the cycle length. I'm not 100% certain about all this because it's been a few years since I've studied his material, but I think that's the gist of it. You can play around with it and see if it helps to adjust...Ignored
Disliked{quote} Almuten Thanx for sharing. My guess Alpha=0.07 borrowed from Pi=22/7 where 22=circle perimeter & 7=circle diameter 22 is near to 24 (hours) Thus Pi numbers find their use in scaling up/down daily cycles So changing 7 should be changing cycle length by a factor of Pi=3,14(22/7). Just my guess i don't know ehler's formula though. My second guess why 0.382 multiplier instead of 0.25 fits well to represent HAC of 1H on a 4H chart is that .382 is 1.5 times of .25 and excess accommodates randomness in markets which is always present atleast 50%...Ignored
DislikedI want to thank Almuten for his job. With his system I can see the market almost like an open book. I am very, very wondered! #NIKKEI, I've been talking about, has started his big move down. Many green pips are caught. Almuten, you have to remove this thread as soon as possible... I think you know - why No need anymore, there is enough.Ignored
DislikedAnd what went wrong on GBPUSD? On H4 price went below HAC and RAC crossed its MA, on H1 same and only 5 bars earlier. {image} {image}Ignored
DislikedInteresting, and there was another benford crossing about 3 hours ago. They may be busy building up a position or still profit taking maybe? {image}Ignored
Disliked{quote} Hi Dovilo, First of all, thank you for your question. There are good reasons why these trades didn't work out, but you are going to tell us why. Refer to post 313. Read the section under "Profit Targets" - specifically under 4-b. Don't miss the opportunity to teach others from your mistakesIgnored
QuoteDisliked4. Profit Targets
b. for a TF to reach the 3x level or higher, it will require support from the next higher TF (see rule 3). Otherwise, the target will be 1x or 2x. Also, profit targets from various TFs tend to overlap each other. A 2x on H1 might equal a 3x on M15 and so on. Sometimes this is good to know about because, say you have an 'unsupported H1 signal,' (meaning that the H4 alignment isn't there). This means that it will likely not hit a 3x. Instead it might go 1 or 2x. However, if the M15 is being supported...
Disliked{quote} {quote} So, we need a confirmation from a higher time frame. If I used H1, I should have a confirmation on H4, if my primary TF is a H4, I need a confirmation on D1. Wasn't H1 chart supported by H4 chart in my example? Both were closing under the HAC (albeit ~60 pips apart) and giving signals on RAC indicator.Ignored