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  • #961
  • Apr 30, 2020 9:35am Apr 30, 2020 9:35am
Quoting LauraT
{quote} You were absolutely right
  • #962
  • Apr 30, 2020 9:38am Apr 30, 2020 9:38am
Took a long position on GBPUSD as it restested yesterdays high (red circle). Took half the position off at recent high (red arrow) and trade finally hit my profit target at ADR high.
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  • #963
  • Apr 30, 2020 9:39am Apr 30, 2020 9:39am
Hammer mik2012
  • #964
  • Apr 30, 2020 9:43am Apr 30, 2020 9:43am
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This was the AU ADR trade I mentioned earlier. Price turned on its heels right at ADR Low. I took the trade because RSI was still above 50 when it hit the line.

As always, I'll remind you that ADR trades are advanced and riskier, and shouldn't be attempted before you've mastered the basics.
  • #965
  • Apr 30, 2020 9:57am Apr 30, 2020 9:57am
Quoting LauraT
{image} This was the AU ADR trade I mentioned earlier. Price turned on its heels right at ADR Low. I took the trade because RSI was still above 50 when it hit the line. As always, I'll remind you that ADR trades are advanced and riskier, and shouldn't be attempted before you've mastered the basics.
Hi Laura - could you remind me what settings you use for the ADR please - I've been playing about with them but can't seem to get mine to bounce off the ADR as you have on the AU? Thanks
  • #966
  • Apr 30, 2020 10:38am Apr 30, 2020 10:38am
Wanted to share a multi bullet trade...
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  • #967
  • Apr 30, 2020 10:45am Apr 30, 2020 10:45am
Quoting LauraT
{image} Posting this one because it was a re-entry into spx taken with the new 1m settings for indices/oil. Notice how I was trading against the overall RSI bias but the new settings had CompRSISelect readings below 45.
Hi Laura - have been a bit suspicious of the CompRSI readings (a couple of others have mentioned this also) - thought I better mention that the indicator values seem to change over time. These two screen shots show the US2000 twenty minutes apart. The first shows the value above 55 indicating a long. After 20 minutes the value is not recorded as the market has subsided. You can see that it is no longer above 55 where the price peaks.

In reference to your example, can you elaborate why you entered the market where you did - I can't fathom out a reason!
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  • #968
  • Apr 30, 2020 10:47am Apr 30, 2020 10:47am
Quoting Wellington
{quote} Hi Laura - could you remind me what settings you use for the ADR please - I've been playing about with them but can't seem to get mine to bounce off the ADR as you have on the AU? Thanks
Hi

ADR is 14. Reason we'll all have slight differences is due to broker data and how the indicator handles Sundays.
  • #969
  • Apr 30, 2020 10:56am Apr 30, 2020 10:56am
Quoting Toccata
{quote} Hi Laura - have been a bit suspicious of the CompRSI readings (a couple of others have mentioned this also) - thought I better mention that the indicator values seem to change over time. These two screen shots show the US2000 twenty minutes apart. The first shows the value above 55 indicating a long. After 20 minutes the value is not recorded as the market has subsided. You can see that it is no longer above 55 where the price peaks. In reference to your example, can you elaborate why you entered the market where you did - I can't fathom...
Hi

The way the indicator works, it can only calculate in 15 minute segments. This means you get a live reading but when the 15 minute segment is complete, it looks like the reading was the same for the whole 15 minutes (which it wasn't). This is why I said the 'solution' of using the indicator was less than perfect. I still hold out hope that a coder will be able to produce a version that has a real-time history. Until then it's a case of trying to make the best of what's available.

In terms of my S&P500 example, I entered because price was heading back to the SMA and the CompRSISelect reading was under 45. In other words, I was fading the retracement. I'm guessing the confusion was because it was neither a channel cross nor a channel entry? If so, apologies if I haven't made clear but you can also fade retracements if price is on the right side of the SMA.

Hope this helps.
  • #970
  • Apr 30, 2020 11:24am Apr 30, 2020 11:24am
Quoting mik2012
Laura, am I right in? {image}
Was that a buy when the bar hit the bottom of the channel ?
every Saint has a past. Every Sinner has a Future
  • #971
  • Apr 30, 2020 12:15pm Apr 30, 2020 12:15pm
Here's a DOW trade from today taken from a channel failure to the ADR Low

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  • #972
  • Apr 30, 2020 12:17pm Apr 30, 2020 12:17pm
Quoting Meerrettich
Here's a DOW trade from today taken from a channel failure to the ADR Low {image}
Very well done
  • #973
  • Apr 30, 2020 1:37pm Apr 30, 2020 1:37pm
Quoting turnip15
{quote} Was that a buy when the bar hit the bottom of the channel ?
I went into the purchase using the tools of George Aus: TMA 1M plus a rollback to the Target area, which was before (in the pdf that I posted earlier this is, you just need patience to figure it out)
  • #974
  • Apr 30, 2020 2:05pm Apr 30, 2020 2:05pm
Quoting Barraka
I know Hanover posted a dashboard, but since I had been working on my own DB during this whole time, I’d thought I’d share it here, it differs only slightly. The indicator must be placed in the indicator folder (Mql4/Indicators) as per usual. When placed on a chart, the settings are: {image} You need to edit the “Pairlist” that you want to appear, and the way it’s displayed on you market watch. Depending on brokers, you can have “EURUSD”, or “EURUSD.”, or “EURUSD.r” for example. Timeframe: Pretty straightforward. I use only 4 TFs, as it can be quite...
Thank you for sharing your dashboard.
If you can include an option for using ticks per minute instead of 1 m TF then it can be used for mimentum.trading as well.
Practice makes a person perfect
  • #975
  • Edited 2:52pm Apr 30, 2020 2:30pm | Edited 2:52pm
This is what George writes about the structure of creating a psychological trap, which he calls the validation zone. Sorry for my English) First, high-low 1 is created, then A.......then in a line with accuracy to the pip, the price touches a couple of times B C .....D 4 times the price breaks without touching point 1 and turns around. It is possible to trade touch prices of 2.3 and a reversal. This structure is repeated on all timeframes (fractal). You need to train for some time on a demo account! Before entering according to Laura’s plan, you need to find this structure on the timeframe where you trade. More precisely, it will be on the M1. This will save you from inaccurate entries in the deal. Use this as a filter. To notice these structures, practice is required. George also gives and talks about the TMA in the topic! The topic is extensive, it will take time to study! George sometimes speaks between the lines to teach you to think and not blindly copy. He writes that this is not a doctrine or scheme of trading, but a vision of the market, and everyone must develop this in himself.
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  • #976
  • Apr 30, 2020 3:45pm Apr 30, 2020 3:45pm
Hello LauraT,

Thank you very much for your sharing!
I am having a bit of problem with the RSI, I couldn't have my RSI number calculated both for RSI2/RSI9 or the Composite RSI. Do you know what might be the problem causing this?
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  • #977
  • Apr 30, 2020 3:46pm Apr 30, 2020 3:46pm
Quoting mik2012
This is what George writes about the structure of creating a psychological trap, which he calls the validation zone. Sorry for my English) First, high-low 1 is created, then A.......then in a line with accuracy to the pip, the price touches a couple of times B C .....D 4 times the price breaks without touching point 1 and turns around. It is possible to trade touch prices of 2.3 and a reversal. This structure is repeated on all timeframes (fractal). You need to train for some time on a demo account! Before entering according to Laura’s plan, you...
Not trying to be rude but who is this George guy? I thought this was Laura’s thread?
  • #978
  • Apr 30, 2020 4:52pm Apr 30, 2020 4:52pm
Quoting mik2012
This is what George writes about the structure of creating a psychological trap, which he calls the validation zone. Sorry for my English) First, high-low 1 is created, then A.......then in a line with accuracy to the pip, the price touches a couple of times B C .....D 4 times the price breaks without touching point 1 and turns around. It is possible to trade touch prices of 2.3 and a reversal. This structure is repeated on all timeframes (fractal). You need to train for some time on a demo account! Before entering according to Laura’s plan, you...
I was referring to Laura's trades NOT this 'George' guy. Please start another thread regarding your pal 'George' and leave this thread to Laura and those of us following her 'Road map.'
every Saint has a past. Every Sinner has a Future
  • #979
  • Apr 30, 2020 5:17pm Apr 30, 2020 5:17pm
Quoting mik2012
This is what George writes about the structure of creating a psychological trap, which he calls the validation zone. Sorry for my English) First, high-low 1 is created, then A.......then in a line with accuracy to the pip, the price touches a couple of times B C .....D 4 times the price breaks without touching point 1 and turns around. It is possible to trade touch prices of 2.3 and a reversal. This structure is repeated on all timeframes (fractal). You need to train for some time on a demo account! Before entering according to Laura’s plan, you...
Mate, you just can't help yourself can you. Just leave this thread as it is.

If you want to show everyone how George trades then start your own thread. Pure and simple.
Empty your mind and let the market guide you
  • #980
  • Apr 30, 2020 8:48pm Apr 30, 2020 8:48pm
Quoting LauraT
{quote} Hi The way the indicator works, it can only calculate in 15 minute segments. This means you get a live reading but when the 15 minute segment is complete, it looks like the reading was the same for the whole 15 minutes (which it wasn't). This is why I said the 'solution' of using the indicator was less than perfect. I still hold out hope that a coder will be able to produce a version that has a real-time...
Hi Laura, biggest congratulations on this inspiring thread, you have helped so many people - myself included.
"A version that has a real-time history" - please explain your detailed requirements for this, and I might be able to produce it - certainly willing to have a go.
Warm regards, Nick
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