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- #762
- Dec 22, 2017 6:44am Dec 22, 2017 6:44am
- Joined Dec 2017 | Status: //houston ǝʍ have a probl | 2,685 Posts
Tell me the past, and I will know the future. Konfuzius
Hello David,
my name is Michael and I am pleased to be at Forex Factory. Unfortunately, my English language skills are not optimal, but I hope you understand me. I've been following Forex Factory for over 2 years and I love the professionalism of your work. MADash, Recent strength and Candle strength are sensationally good and help identify and classify trends.
Here is my created dashboard that I work with.
I have some interesting thoughts on the subject of trend recognition which we can discuss in peace. I am sure that you will be amazed.
I am a full time Scalper and Daytrader. My account name "Bionics" should clarify that we can learn a lot about the stock market from nature and the laws of nature.
I would like to start with an interesting story:
Helmut Kohl (Federal Chancellor 1992-1998) once said: "Who does not know the past, can not understand the present and shape the future."
Looking at the history of the EURUSD over the last 47 years, one could draw a conclusion for the next 27 years.
Average Low to High = 7,700 pip
Average High to Low = 5,500 pip
Of course, this conclusion is purely hypothetical, since no one knows the future.
I would be glad about an exchange and wish you and your family a Merry Christmas.
Greetings Michael
Hello David,
my name is Michael and I am pleased to be at Forex Factory. Unfortunately, my English language skills are not optimal, but I hope you understand me. I've been following Forex Factory for over 2 years and I love the professionalism of your work. MADash, Recent strength and Candle strength are sensationally good and help identify and classify trends.
Here is my created dashboard that I work with.
I have some interesting thoughts on the subject of trend recognition which we can discuss in peace. I am sure that you will be amazed.
I am a full time Scalper and Daytrader. My account name "Bionics" should clarify that we can learn a lot about the stock market from nature and the laws of nature.
I would like to start with an interesting story:
Helmut Kohl (Federal Chancellor 1992-1998) once said: "Who does not know the past, can not understand the present and shape the future."
Looking at the history of the EURUSD over the last 47 years, one could draw a conclusion for the next 27 years.
Average Low to High = 7,700 pip
Average High to Low = 5,500 pip
Of course, this conclusion is purely hypothetical, since no one knows the future.
I would be glad about an exchange and wish you and your family a Merry Christmas.
Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
"Big boys" rhythm continues, throwing all technicals,indicators out of the window. Even more damning,manipulating fundamentals on these particular pairs.That's enough to tell us, the game has been rigged to their favor at least in the short term. This being a high impact news week,comprising of Non-Farm Employment Change,CAD Unemployment Rate, we might see exaggerated moves,when these news hits. RS can be used to eliminate currency strength conflicts,between timeframes.This is yet another reason to have RS as an essential...
- #765
- Dec 22, 2017 2:40pm Dec 22, 2017 2:40pm
- Joined Dec 2017 | Status: //houston ǝʍ have a probl | 2,685 Posts
{quote} what are your settings?
The deception has become the rule, which drives many traders who have eagerly incorporated into the technical analysis, to the wrong. First comes the deception and then the actual movement. Who makes the observation of the deception or the fakeout the supreme principle of his trading philosophy, at the same time observing the intentions of the major players. It was never wrong to follow them. It is precisely the handwriting of larger addresses, which are able to break strong, built over several days supports or resistances and to fish all stop orders waiting there, and then cheerfully pull up the market again. Less capitalized traders can not do that. And it's almost a rule nowadays that the big players play with the little ones by pretending that from now on (after breaking out) a new phase has come, that the market will continue to fall. The bargain hunters, who of course have secured their long positions with a stop-loss order a little under the support, are stopped out by the sudden fall of the courses. In addition, short sell stop sell orders (these are the orders of those who bet on falling prices) continue to drive prices down. The big ones have been waiting for that! Because the trick of the story is that in many cases the so-called "sellers" and the so-called "buyers" are often one and the same actors. These have, before they pressed the market down, long before large buy order placed below this stop-loss level. These buy orders are catching the market and prices are starting to rise again. The short sellers suddenly realize that they have bet on the wrong horse and need to buy their short positions again by buying back their contracts. This lets the prices continue to rise. The big players had their fun and were able to make huge profits after getting close to 0 risk below support. The deception was perfect. The bargain hunters and short sellers were catapulted by the fake with loss from the market and do not dare now, again to take a position. The Smart Money has once again managed to fool anyone.
Therefore, I trade exclusively on specially created supports and resistance zones with the help of candle strength. The most important signs of resistance and support are the so-called equilibria in the price chart. Helpful here are the timeframes H4 and H1 as well as M15 and M5. For fast entry, the 15 sec chart helps.
Here is an example of the EURUSD 15M with the Candle Strength from Hanover
Forget:That does not work, amateurs build the ark, pros the Titanic!
- #766
- Dec 22, 2017 2:45pm Dec 22, 2017 2:45pm
- Joined Dec 2017 | Status: //houston ǝʍ have a probl | 2,685 Posts
Forget:That does not work, amateurs build the ark, pros the Titanic!
- #768
- Dec 22, 2017 6:24pm Dec 22, 2017 6:24pm
- Joined Dec 2017 | Status: //houston ǝʍ have a probl | 2,685 Posts
Forget:That does not work, amateurs build the ark, pros the Titanic!
- #773
- Jan 10, 2018 11:10am Jan 10, 2018 11:10am
- Joined Sep 2006 | Status: ... | 8,112 Posts
Anyone using this indicator with Metatrader 4 build 1090? I can get it show up on chart =( :::EDIT::: Followed the instructions and tried to add the recent strength indicator from the expert/indicator folder and it did not work. Placed it in Metatrader ordinary location for indicators and it works but there seems to be some "graphical" problems...will try to test settings. Anyone knows where to change the column width of each timeframe?
You can change the column width of each TF by changing NumPoints setting, and/or by zooming in/out in MT4 by using +/- keys.
If you still can't get RS to load, you could try some of the indicator links in the green typeface in post #1, e.g. CCFp.
- #776
- Jan 10, 2018 11:24pm Jan 10, 2018 11:24pm
- Joined Sep 2006 | Status: ... | 8,112 Posts
Copied Recent Strenght.ex4 to expert/indicators......strangest thing ever.
This is one powerful indicator and a huge mind and work has gone into this. 
The "thresholds" of 120, 50, 0, -15 have any meaning and mathematical formula behind it, or just cosmetics?
What I mean is if line passes for example 50, does this mean its getting stronger, or if line is near bottom at 0 at d1 or h4, chances of a reversal is greater? (like RSI, or CCI overbought or oversold).
Cheers!
The "thresholds" of 120, 50, 0, -15 have any meaning and mathematical formula behind it, or just cosmetics?
What I mean is if line passes for example 50, does this mean its getting stronger, or if line is near bottom at 0 at d1 or h4, chances of a reversal is greater? (like RSI, or CCI overbought or oversold).
Cheers!
- #780
- Edited Jan 23, 2018 2:37pm Jan 22, 2018 10:37pm | Edited Jan 23, 2018 2:37pm
- Joined Sep 2006 | Status: ... | 8,112 Posts