Have a good weekend
Exteme Spike Multi Timeframe
Found this indicator as an overlay to the Extreme Spike indicator. It apparently looks at multi-timeframes! But it re-paints too. Anyways, here it is...
Would be nice to get an opinion about it from some of the pros here
Also took 59 pips of EUR/JPY and 35 pips off AUD/USD for a total of 171 pips today. Weekly running total of 282 + 171 = 453 pips or approx 30% growth in my account. To say this is my best week ever would be an understatement. Long may it continue.
i wont paste my old trades coz you will ask me again why i did what i did.(some of the positions i took where experiments of applying pivots and S&R - i will share them when i have sufficient experience to share)
if you want to better understand the trades made click my name and scroll down. im running a demo account named pareto. the entry positions are there. open both your M5 and verify if you received a signal around that time in M5. if you dont have a log, get a copy of the LFH simulator and run M5 to see if signaler 1.7 (signals not matrix) provides you the same signal as the positions i took.
on your static H1, check where the arrow is and where it is pointing to.
for those who want to try my system, you'll need my template, signal 1.7 and RJ's arrow. (click on the paper clip, upper right hand corner. or upper left hand corner, in the Google Search bar within FF,type 'symphonie arrow.ex4' and scroll - exercise your fingers coz we're already giving you entry, exit and u even have a signaler, walk the last mile)
M5 signal (signal by 1.7 to the same direction as H1 arrow)
SL (your discretion, i have my favorite)
use HA bars in the background of the chart to allow you to better judge whether a trend exists or not, and still see the candle behavior
never change the TF of the chart that houses signaler 1.7 so you dont get delayed signals.
pareto project is now designed to do this. but since i trade live and analyze, often i forget about him. he is yet to enter my habit.
i am yet to migrate to 1.9. if anyone has successfully mimicked the signals produced by 1.7 in M5 chart with settings 1,3,2 and 20,5, would you be so kind to post your template?
read this post of mine 10x, especially the "remember" part. say it, say it loud so your heart and mind can hear it. so that is what they will do what you want them to do. everything you need to know is here.
do not over think. better yet do not think. but when you see long tails opposite the trend......... need i say more? allow the H1 candle bar to close to assess validity if it's a long tail that is opposite the current trend (yes, the other long tail re-inforces the trend )
trade with what you see not with what you think will happen. if you see a red down arrow, why in the world are you making a buy? take only high porbability opportunities. use MM all time. just in case its a reversal, you dont lose as much.
traders lose coz they have a "target." challenge yourself and make a solid target. 100 pips a day. put thresholds: 70 as horrible, 80 as okay, 90 as good, 100 as excellent. like school, like KPI's. trade like your life depended on it! better yet, trade and dedicate your results to someone you care/love/adore/ or your God - so that you will strive to be a lot better when you have delivered less than what you think he/she/it deserves to have.
if you have 2 losing trades - stop, stop, stop. close your unit. chill (no alcohol nor coffee) and talk to a friend (wall, dog, human, alter ego). come back only when you have a clear head. look at your H1 (dont bother looking at M5). then find the arrow and remind yourself where it is pointing at. then you will realize why you lost. sometimes, one exits prematurely due to unreasonably tight stop loss.
if a trend does not exist - why are you making one?
that's all happy weekend and trade well.
i was once preached "elementary, my dear." and it pierced so much that until now, i believe that there will always be more efficient ways of doing things.
i am a real newbie. i do not have any knowledge of anything in forex except what i have written here and time rendered to do simulations. but i think my reasoning is sound and logical. that's all i need to be.
Anyone able to direct me to RJ arrow's indi? I have gone 30 pages with no success thus far.
Hope everyone went well today, I was only able to do the morning with little success or action. On another note, can anyone tell me if FXI pivots repaints throughout the day?
Post 6803 has the arrow file.
Cheers Ross, appreciated.
!Symphonie TS Signaler v.1.9Beta [Yelena].tpl
i attached the 1.9 to 5m and checked the signals this week. i think the confirmation rows takes affect for the signal. if i switched them off the signal appears earlier then if i'm switched them on (not included the STOX, because there i know that this effect the signal) It is only a guess and i will verify this next week, when i run 1.9 simultaniosly. if i could have a look into the code i could tell it immediatly. hihi
But what i can say is, that it works like a charm. the autorefresher works perfect.
As a trading advice i would not blindly trade the ever first H1+M5 because it is often that all entry criterias are meet in H1 and when 5M meets too it is very late. wait for the first retrace and trade the second 5M signal as confirmation.
I am impressed by your results, really.
Would you mind to post your template here, I would like to compare it with mine to see if I could improve something. A screenshot would also help.
Good luck for the future!!!
Example : If H1 are blue, M5 are blue but stochs are going down you won't have a signal. If the stochs are going also up you will get a signal.
If you disable one of the confirmations, they aren't calculated. I mean the code function isn't called.
was this awfully firing sell signals for EU and AU through out the trade earllier? like 27 sell signals for EU?
that means it will also only show a short if price is below MA200 and the other 4 symphonies are also short biased?
Yes, it was constantly flashing sell. As the sinking Euro started its late day turn around (became tired) it was still sending sell signal on the M5. Seasoned traders who are accustomed to counting the "levels" would have recognized the third drop after consolidation and should have stayed clear.
BTW, congrats on your stellar results. I have yet to reach the "mind like water" state and believe your prior comments about not thinking may be the key to my turning the corner in my trading as well. Thanks for the advice and your generous sharing.
Have a great weekend all
I'm going to just trade the 1hr charts as I'm on the east coast of the US and staying up during all of london will kill me.
Would it be ok to use an opposite extreme for my exit strategy that way I will be able to take the large part of the move once I'm in a trade.
In a sense only checking my charts at the end of every 1hr candle
That works only if you set the CandleClose to false.
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