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Effortless Trading Explained + FAQ

  • #21
  • Oct 22, 2018 12:49am Oct 22, 2018 12:49am
Quoting Caifas
Fantastic!! Thank you for sharing all this with us Ata!! Just a quick question... I struggle to get the correct magnetic connecting points Should we aim to connect the HH before it dropped bellow and after it got up for or "main" red magnetic S/R? while connecting the LL before it came back up with each LL to check the resistences? I tried to connect it on my chart bellow. {image}

First you should go here https://www.forexfactory.com/showthread.php?t=480208 to learn the strategy.
KiwiOz devised 2 ways of drawing the magnetic lines. 1. The original. The diagonal Lines must be drawn from body to body. 2. The diagonal lines are draw from wick to wick of the 1st wave. He found the 2nd way more reliable & consistent. This is an excellent inclusion of ata's system that should be applied correctly to avoid poor results.
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  • #22
  • Oct 22, 2018 12:51am Oct 22, 2018 12:51am
Subs. Thanks and
Regards
  • #23
  • Oct 22, 2018 1:02am Oct 22, 2018 1:02am
Quoting Caifas
Fantastic!! Thank you for sharing all this with us Ata!! Just a quick question... I struggle to get the correct magnetic connecting points Should we aim to connect the HH before it dropped bellow and after it got up for or "main" red magnetic S/R? while connecting the LL before it came back up with each LL to check the resistences? I tried to connect it on my chart bellow. {image}
Choosing to connect magnetic lines from closing price or from wicks depends on the candles. You have to use your imagination to get the best trendline direction that reflects the trend angle. I personally don't think too much. I draw them from the middle of wicks so that I can get the average value. But surprisingly my values are often accurate. Although accuracy is never my point. Think of the lines as ballpark figures, as guesstimations. The RED and BLUE trendlines are more important.

Stay Green
Focus only on what truly matters!
  • #24
  • Oct 22, 2018 1:06am Oct 22, 2018 1:06am
Quoting Basill
{quote} First you should go here https://www.forexfactory.com/showthread.php?t=480208 to learn the strategy. KiwiOz devised 2 ways of drawing the magnetic lines. 1. The original. The diagonal Lines must be drawn from body to body. 2. The diagonal lines are draw from wick to wick of the 1st wave. He found the 2nd way more reliable & consistent. This is an excellent inclusion of ata's system that should be applied correctly to avoid poor results. {image}
Trust me I tried everything. None of the ways how you connect the dots will give you 100% success everytime. Again, use your logic and try to see where trend is headed and don't overcomplicate things. Think simple and stay away from accuracy addiction. My two cents

Stay Green
Focus only on what truly matters!
  • #25
  • Oct 22, 2018 1:11am Oct 22, 2018 1:11am
Quoting TudorIoan
{quote} Here's the solution. Freeze the Vertical Scale and use that setting as a base mark! Go to Properties (F8 key) and check Scale fix One to One and Scale fix Now the chart's Vertical Scale is "frozen" and the Trend by Angle will read the accurate unchanged level on Vertical Scale ! Mind though that level is different on every Time Frame! (I use only M15, because it provides the best balance on screen) {image}
You are close to my solution. I will explain the correct way later. The importance is that no matter what you do "Angled Trendlines" will always confuse you no matter if you fix scale or not and therefore they must be avoided. Instead always use the method I explained. Normal trendlines which are cloned with help of angled trendlines will always protect the angle we want. Once you get the correct trendlines changing scale doesn't matter. Yes, the angle of the lines might get squeezed but so do the candle heights. And since both get squeezed proportionally there will be no problem.

Stay Green
Focus only on what truly matters!
  • #26
  • Oct 22, 2018 1:17am Oct 22, 2018 1:17am
Quoting Ata-Turkoglu
{quote} You are close to my solution. I will explain the correct way later. The importance is that no matter what you do "Angled Trendlines" will always confuse you no matter if you fix scale or not and therefore they must be avoided. Instead always use the method I explained. Normal trendlines which are cloned with help of angled trendlines will always protect the angle we want. Once you get the correct trendlines changing scale doesn't matter. Yes, the angle of the lines might get squeezed but so do the candle heights. And since both get squeezed...
Sorry Ata, the Trendline by Angle are relative all the time if the Vertical Scale is not frozen. If anyone touch the Vertical Scale the angle will change!
So the Angled Trendlines has no meaning.
I think you meant common Trend Line on certain rules (Not Trendline by Angle) or something....

Edit: ...they are not sqeezed proportionally! that's the problem! ...they show different levels and different trend contact points
Member
  • #27
  • Oct 22, 2018 2:26am Oct 22, 2018 2:26am
Quoting TudorIoan
{quote} Sorry Ata, the Trendline by Angle are relative all the time if the Vertical Scale is not frozen. If anyone touch the Vertical Scale the angle will change! So the Angled Trendlines has no meaning. I think you meant common Trend Line on certain rules (Not Trendline by Angle) or something.... Edit: ...they are not sqeezed proportionally! that's the problem! ...they show different levels and different trend contact points
I must be speaking the klingon language or similar because I have no idea what is so confusing and hard to understand in the Item 3 of the method explained above for angled trendlines. YESSSSSS I am talking about using the normal trendline instead of angled trendlines by making temporarily use of the correct angle with window size stretched out as far as you can. Then you apply what is explained on item 3 and good to go. Once you stick only to the normal trendlines changing scale will not matter. Angled trendlines by themselves are bad and untrustworthy even when you fix scale. Normal trendlines are good. So I use only normal trendlines once I have the correct angle. And so should system followers. That's all I am saying.

There is no such thing as "common" trendline. I know what I meant when I say "Trendlines" and "Angled Trendlines" anyone who knows the MetaTrader lines menu will know. And I intentionally shared it. I still don't get it why the terminology confusion is there. Anyway. I guess we both are on the same page here.

On a side note: On the android version of Metatrader the angle of the Angled Trendline doesn't shift at all. Whatever you set as a value stays and I like that much more than the desktop version of Metatrader where the value you put in often slightly shifts to different values. Very annoying and again it is the fault of the masterminds working at metaquotes corp!!!!

Stay Green
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Focus only on what truly matters!
  • #28
  • Oct 22, 2018 2:32am Oct 22, 2018 2:32am
Quoting Ata-Turkoglu
{quote} I must be speaking klingon language or similar because I have no idea what is so confusing and hard to understand in the Item 3 of the method explanation above for angled trendlines. YESSSSSS I am talking about using the normal trendline instead of angled trendlines by making temporarily use of the correct angle with window size stretched out as far as you can. Then you apply what is explained on item 3 and good to go. Once you stick only to the normal trendlines changing scale will not matter. Angled trendlines by themselves are bad and...
On item 3 you clearly say in English that you currently use Trenline by Angle at 36.9 to start
What's the point of this?
Member
  • #29
  • Oct 22, 2018 2:47am Oct 22, 2018 2:47am
Quoting TudorIoan
{quote} On item 3 you clearly say in English that you currently use Trenline by Angle at 36.9 What's the point of this?
Check the image man. There are 4 menus. 2 are angled Trendline by Angle and 2 are Trendlines. And dear Tudor, the point is to make followers get the same angle that I USE WITH MY SYSTEM ON MY CHARTS. Since I can not come over and check what your laptop or PC screen size is, or what your window size is, or what environment you use, this is the only way to have a setup that is exact or similar with mine! It is about THEM following MY APPROACH and not THEM following some random 36.9 angle that has been put there by the wrong scale. We must stretch windows and use default scale first for a reason.

Stay Green
Focus only on what truly matters!
  • #30
  • Oct 22, 2018 2:58am Oct 22, 2018 2:58am
Quoting Ata-Turkoglu
{quote} Check the image man. There are 4 menus. 2 are angled Trendline by Angle and 2 are Trendlines. And dear Tudor, the point is to make followers get the same angle that I USE WITH MY SYSTEM ON MY CHARTS. Since I can not come over and check what your laptop or PC screen size is, or what your window size is, or what environment you use, this is the only way to have a setup that is exact or similar with mine! It is about THEM following MY APPROACH and not THEM following some random 36.9 angle that has been put there by the wrong scale. We must...
You don't get it, don't you!
Trendline by Angle is useless as long as it repaints by every new bar which alterates the Vertical Scale!
It's not about laptop or PC screen size or your window size or any random angle... it's an unreliable setting element since it repaints by the Vertical Scale!

Edit: so the ungle of the fix final line depends on the time (hour) when you draw the Angled Trendline, because the Vertical Scale it changes bar by bar !!!
Member
  • #31
  • Oct 22, 2018 3:04am Oct 22, 2018 3:04am
Quoting TudorIoan
{quote} You don't get it, don't you! Trendline by Angle is useless as long as it repaints by every new bar which alterates the Vertical Scale! It's not about laptop or PC screen size or your window size or any random angle... it's an unreliable setting element since it repaints by the Vertical Scale!
Bro, it is not about perfection. Nobody will get the same exact angle that I use. Even I don't get the same exact angle on different times of the candle flow based on what you explained. I get that and I already past that. Right now I am talking about something else. Why are you so addicted to precision? It is just a f*king angle. The point is to trade the RED or BLUE TL breakouts. Use a straight line if you like. Man please don't overthink. Just make your screen (whatver device you use) full screen, double click on your price bar on the very right hand side to get default scale and use the method I explain on item 3. Once you have the angle (whatever that may be) YOU ARE GOOD TO GO based on my system. Trade it or leave it, but that is what it is.

Stay Green
Focus only on what truly matters!
  • #32
  • Oct 22, 2018 3:10am Oct 22, 2018 3:10am
Quoting Ata-Turkoglu
{quote} Bro, it is not about perfection. Nobody will get the same exact angle that I use. Why are you so addicted to precision? It is just a f*king angle. The point is to trade the RED or BLUE TL breakouts. Use a straight line if you like. Man please don't overthink. Just make your screen (whatver device you use) full screen, double click on your price bar on the very left to get default scale and use the method I explain on item 3. Once you have the angle (whatever that may be) YOU ARE GOOD TO GO based on my system. Trade it or leave it, but that...
The strategy is to enter at a Trendline breakouts
The point of the breakout depends on the Trendline.
That Trendline depends on the initial Angle Trendline
The Angle Trendline is the starting base of everything. And is not THE SAME at every hour!!! It changes bar by bar!

As a result, the breakout point depends on the hour that the initial Angle Trendline was drawn!
...that may be different for every follower is drawing that line by the TIME he is drawing it!
...entry point at breakout for 5, 10, 15 pips different
Member
  • #33
  • Oct 22, 2018 3:26am Oct 22, 2018 3:26am
Quoting TudorIoan
{quote} The strategy is to enter at a Trendline breakouts The point of the breakout depends on the Trendline. That Trendline depends on the initial Angle Trendline The Angle Trendline is the starting base of everything. And is not THE SAME at every hour!!! It changes bar by bar! As a result, the breakout point depends on the hour that the initial Angle Trendline was drawn! ...that may be different for every follower is drawing that line by the TIME he is drawing it! ...entry point at breakout for 5, 10, 15 pips different

Please read post 4 , Ata uses a 33.3 I use a 40, mine does not move if you read post 4, he is trying to show how and why it does not move please stop
  • #34
  • Oct 22, 2018 3:39am Oct 22, 2018 3:39am
Quoting jrushing
{quote} Please read post 4 , Ata uses a 33.3 I use a 40, mine does not move if you read post 4, he is trying to show how and why it does not move please stop

you should have told him to read the text on the chart that says to delete the angled line after drawing a regular parallel one LOL
buy the rumor,sell the news
  • #35
  • Oct 22, 2018 3:41am Oct 22, 2018 3:41am
Quoting TudorIoan
{quote} The strategy is to enter at a Trendline breakouts The point of the breakout depends on the Trendline. That Trendline depends on the initial Angle Trendline The Angle Trendline is the starting base of everything. And is not THE SAME at every hour!!! It changes bar by bar! As a result, the breakout point depends on the hour that the initial Angle Trendline was drawn! ...that may be different for every follower is drawing that line by the TIME he is drawing it! ...entry point at breakout for 5, 10, 15 pips different
The angle rarely have influence the entry point because the strategy uses the candle close, so as long your line give a breakout on that candle body you will enter the same price and it doesn't matter if the angle is slightly different...
The only time you get something different is if the candle closes to close to you breakout price, and in that time you may wait for the next candle to confirm or jump in earlier based on a lower time frame.
  • #36
  • Oct 22, 2018 4:18am Oct 22, 2018 4:18am
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  • #37
  • Oct 22, 2018 4:36am Oct 22, 2018 4:36am
This thread is for studying material and for questions and answers. Don't post here. We are on the EURUSD Only thread. Thanks!

Stay Green
Focus only on what truly matters!
  • #38
  • Oct 22, 2018 4:49am Oct 22, 2018 4:49am
Quoting Ata-Turkoglu
This thread is for studying material and for questions and answers. Don't post here. We are on the EURUSD Only thread. Thanks! Stay Green

acccording to this system m15 1,1512 buy signal?
  • #39
  • Oct 22, 2018 4:52am Oct 22, 2018 4:52am
Dear Ata!
Generous work!
nice approch!
thankyou!please complete your worthy doing by some live example if possible!
Thanks !
  • #40
  • Oct 22, 2018 4:59am Oct 22, 2018 4:59am
Quoting Tekin
{quote} acccording to this system m15 1,1512 buy signal?
According to system your latest buy trade that should have been opened around 1.1505/10 zone would be stopped out with profit and you would not see any signal on H1 yet and would wait.

If you traded the M15 then again, your latest entry would be around 1.1507/12 zone and you would get stopped out with profit and then waiting for new RED TL breakout during candles being above Green line and once candles go below green line on M15 you still would look for longs because H1 is still above Green line! (Rule: The higher timeframe comes first!) So for now it is still waiting time for next buy setup.

Stay Green
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