Take what you can, give nothing back
- #101
- Edited 5:18am Jun 16, 2019 4:53am | Edited 5:18am
- Joined May 2014 | Status: Trader | 4,735 Posts
- #102
- Jun 16, 2019 5:19am Jun 16, 2019 5:19am
- | Commercial User | Joined Sep 2018 | 1,427 Posts
Very interesting as usual from Swingman I use this lazy thing in two bands group on my chart for visual help and some guidance. One group is with high set for visualize higher swings in case for sell signals Second group is with low set for lower swings and any possible buy signals. I do it like this just to maximize the extreme as much possible of swing signals. {image} {image}
- #103
- Jun 16, 2019 5:38am Jun 16, 2019 5:38am
- Joined May 2014 | Status: Trader | 4,735 Posts
{quote} hi are you backtest indicators? repaint well
Take what you can, give nothing back
- #104
- Jun 16, 2019 6:07am Jun 16, 2019 6:07am
- Joined May 2014 | Status: Trader | 4,735 Posts
Take what you can, give nothing back
- #106
- Jun 16, 2019 8:29am Jun 16, 2019 8:29am
- Joined May 2014 | Status: Trader | 4,735 Posts
Take what you can, give nothing back
- #107
- Jun 16, 2019 11:04am Jun 16, 2019 11:04am
- Joined Aug 2007 | Status: Trader | 2,725 Posts
...I have been following your work for years. Like Husky77 I have been playing around with different settings on 4h,12h and Renko charts...Most interesting,particularly on Renko Charts.
...If you have time, please post your comments on the tests, because that helps others, and also for my further developments.
Soon a new version will be available, which was produced right after the posting #97 of @Husky77.
- #109
- Jun 16, 2019 12:39pm Jun 16, 2019 12:39pm
- Joined May 2014 | Status: Trader | 4,735 Posts
{quote} @Husky77 -- I saw your post and I really like the screen shots. I'm familiar with how @SwingMan detects TOPS/BOTTOMS because I also learned from him -- he's the best. And I had a question about using it to detect signals. The algorithm used to detect TOPS/BOTTOMS is based on fractals, and the different fractal levels require 3-5 bars to compute. So, by the time those markers are drawn the price is a few bars down the road. If you are trend-following, then it may not make that big a difference. But if you are reversal trading, where the window...
in this case fractal show up few bars later after price made one extreme,but in fact i watch for price to start one wave first and if possible inside that wave to hunt for reversals/corrections. to hunt for exhausted price in extreme levels is a hard time job i agree and you must have a very wide understanding of the market. so what i try to do is i let new wave start after last exhaustion and extreme level then i wait for new swing but inside new wave. at least this is how i try to look this days on my chart to see what i can get and how i can improve it.
Is a fact price moves in waves to targets no matter the timeframe,so instead to hunt for extreme who later might not be the right place you better let new wave start and hunt inside. is a theory of course ,practice is needed eye on chart structure and left level is also most important.
many think those TMA may offer them the correct extreme price for reversal entry but is not the case if all you do is to watch for TMA,you will end up adding trades at every extreme band zone while price may go days against you and add to DD. to figure the best possibility for reversals is always better not rely 100% on any indicator but more on your own eye and understanding of chart structure you have for each pair.
this is why some smart guys can trade with naked chart cos they have enough experience and their eyes are already formed to observe important levels of price without any indicator. till there i still have enough milk and cereal to eat
good thing there are plenty.
Take what you can, give nothing back
- #110
- Jun 16, 2019 11:20pm Jun 16, 2019 11:20pm
- Joined Jul 2013 | Status: Trader | 5,460 Posts
{quote} Hi Ron, I see in your profile that you are a bit older than me
We old timers keep hanging in mate.
As you know all indicators are only an indication of an area of possible probability and different pairs may need different settings.
A great deal of further live testing is required by me with my settings which are different from yours.
On 12 hour charts your original settings are interesting. 4 hour charts are different again.
Attached is a Renko chart on gold ..15 Brick size. once again these experimental settings of mine vary with different pairs.
After 20+ years I am still a Layman re forex.
R
Ronnie Renko
- #111
- Jun 16, 2019 11:36pm Jun 16, 2019 11:36pm
- Joined Jul 2013 | Status: Trader | 5,460 Posts
Ronnie Renko
- #112
- Jun 19, 2019 7:58am Jun 19, 2019 7:58am
- Joined May 2017 | Status: Trader | 3,881 Posts
{quote} Hi Ron, I see in your profile that you are a bit older than me
Truth is like poetry. And most people f*cking hate poetry.
- #117
- Jun 19, 2019 4:55pm Jun 19, 2019 4:55pm
- Joined May 2017 | Status: Trader | 3,881 Posts
{quote} Nice, but some parameters are too large. Only for you and @Ced74 as the only user of the LazyBands, here is a new version "smLazyTMA HuskyBands_v1.1" {image} {file}
Truth is like poetry. And most people f*cking hate poetry.
- #118
- Jun 19, 2019 5:23pm Jun 19, 2019 5:23pm
- Joined Jul 2013 | Status: Trader | 5,460 Posts
Ronnie Renko
- #119
- Jun 19, 2019 5:24pm Jun 19, 2019 5:24pm
- Joined May 2018 | Status: Tadpole | 2,719 Posts
{quote} Nice, but some parameters are too large. Only for you and @Ced74 as the only user of the LazyBands, here is a new version "smLazyTMA HuskyBands_v1.1" {image} {file}
Stay green!!!
- #120
- Jun 19, 2019 7:36pm Jun 19, 2019 7:36pm
{quote} Nice, but some parameters are too large. Only for you and @Ced74 as the only user of the LazyBands, here is a new version "smLazyTMA HuskyBands_v1.1" {image} {file}
...want it most but use it worst!