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Trading Focal Points -- "A Leap Of Faith"...

  • #121
  • Mar 24, 2022 1:05pm Mar 24, 2022 1:05pm
GBPUSD 5 mn

Opened Short position
Target 1,31350 +/- 80

Intermediary Target 1,31590 +/- 32


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  • #122
  • Mar 24, 2022 3:39pm Mar 24, 2022 3:39pm
Still unreached
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Pip Student
  • #123
  • Mar 24, 2022 4:55pm Mar 24, 2022 4:55pm
Quoting Dino10
Hi Robots why does the yellow Target line sometimes disappear. Thanks
Dino -- here's an unfamiliar concept -- how about helping me to help you. Provide a chart and perhaps I can help by reproducing the problem. It could be the yellow line is off screen -- i.e. you may need to zoom out.
  • #124
  • Mar 24, 2022 5:14pm Mar 24, 2022 5:14pm
Quoting robots4me
{quote} Interesting -- I just now noticed the Double Top in your chart. That's another good sign my EURCHF trade is headed in the right direction. Perhaps I'll create another indi that attempts to detect Double Tops / Bottoms.
I have question that please can you check if i was doing calculation correctly and if i was doing correctly then how much drawdown should i expect or i put stop loss at High price. I also attached Zoom out picture
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Love for all; Hatred for none.
  • #125
  • Mar 24, 2022 5:48pm Mar 24, 2022 5:48pm
Quoting aahmad29
{quote} I have question that please can you check if i was doing calculation correctly and if i was doing correctly then how much drawdown should i expect or i put stop loss at High price. I also attached Zoom out picture {image} {image}
1960,12 +/- 0,50
  • #126
  • Mar 24, 2022 5:55pm Mar 24, 2022 5:55pm
Quoting aahmad29
{quote} I have question that please can you check if i was doing calculation correctly and if i was doing correctly then how much drawdown should i expect or i put stop loss at High price. I also attached Zoom out picture {image} {image}
This is a highly discretionary strategy. If you've been reading then you'll know that FPs compute a guesstimated TargetPrice. You get to decide what to do with it -- no one is going to hold your hand.

Correction: I'm not going to hold your hand, though @parisboy might because he is much more kind and patient than me...
  • #127
  • Mar 24, 2022 5:58pm Mar 24, 2022 5:58pm
Quoting robots4me
{quote} This is a highly discretionary strategy. If you've been reading then you'll know that FPs compute a guesstimated TargetPrice. You get to decide what to do with it -- no one is going to hold your hand. Correction: I'm not going to hold your hand, though @parisboy might because he is much more kind and patient than me...
It is for training too !

PS I do not discourage somebody who uses a pencil to make calculation
  • #128
  • Mar 24, 2022 6:01pm Mar 24, 2022 6:01pm
Quoting parisboy
{quote} 1960,12 +/- 0,50
Thank you so much for answering my question. Initially i thought you wont answer it because it is very basic question.
I was doing testing your method on Gold by using M1 time frame during NY session. All of my trades (8 trades) hit TP but i wasnt sure about stoploss or drawdown. I have two more questions. First question is that in above picture which posted , then it means that price hit SL but eventually hit TP(yellow dotted lie)? am i correct?
and my second question is that if i have two focal points in trending session and there is no HIGH price but i have LOW price then how will it be calculated?

Thanks again for replying.
Love for all; Hatred for none.
  • #129
  • Mar 24, 2022 6:06pm Mar 24, 2022 6:06pm
Quoting robots4me
{quote} This is a highly discretionary strategy. If you've been reading then you'll know that FPs compute a guesstimated TargetPrice. You get to decide what to do with it -- no one is going to hold your hand. Correction: I'm not going to hold your hand, though @parisboy might because he is much more kind and patient than me...
I am sorry for asking question. I know yellow dotted line is my target price. I only asked you question because you are more experienced trader than me. I am that person who once do homework with pencil to get idea (old school) and again i am sorry.
Love for all; Hatred for none.
  • #130
  • Mar 24, 2022 6:16pm Mar 24, 2022 6:16pm
Quoting aahmad29
{quote} I am sorry for asking question. I know yellow dotted line is my target price. I only asked you question because you are more experienced trader than me. I am that person who once do homework with pencil to get idea (old school) and again i am sorry.

aahmad29 you are welcome

on some subjects Robots4me and me , we play the good cop, bad cop trick !
  • #131
  • Mar 24, 2022 6:18pm Mar 24, 2022 6:18pm
Quoting aahmad29
{quote} I am sorry for asking question. I know yellow dotted line is my target price. I only asked you question because you are more experienced trader than me. I am that person who once do homework with pencil to get idea (old school) and again i am sorry.
@aahmad29 -- no apologies are necessary. I know you are good trader and if you have 8 trades under your belt then you are more experienced with this strategy than me. I was introduced to it last week and spent my time coding rather than trading. This strategy is different than anything I've traded before, plus I trust @parisboy. So, let's have some fun with it and see where it goes.
  • #132
  • Mar 24, 2022 6:18pm Mar 24, 2022 6:18pm
I have opened a Long on XAUUSD 1 mn
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  • #133
  • Mar 24, 2022 6:19pm Mar 24, 2022 6:19pm
Quoting parisboy
{quote} aahmad29 you are welcome on some subjects Robots4me and me , we play the good cop, bad cop trick !
Yes. And I'm the good cop and you're the bad one, right?

@parisboy -- I don't know if I should be admitting this, but if it weren't for forex I'd make a great criminal. It's in my nature...
  • #134
  • Mar 24, 2022 6:22pm Mar 24, 2022 6:22pm
Do you see the Double Bottom ?


As the second bottom is higher than the first one, I assume we are going Up
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  • #135
  • Mar 24, 2022 6:42pm Mar 24, 2022 6:42pm
Good Lesson

Imade the mistake not to check the Envelopes

As for now we can qualify this Swing Up as a counter-trenb Movement

Hence it will take time to recover
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  • #136
  • Edited Mar 25, 2022 3:00am Mar 24, 2022 6:45pm | Edited Mar 25, 2022 3:00am
Here is a new indicator -- R4M-GuppyPoints-OnChart. It is a new concoction that combines the idea behind Focal Points with Daryl Guppy's GMMA (Guppy Multiple Moving Average). The results are similar to FocalPoints and though it may ruffle some feathers, I actually think they are better. I'll explain why below...

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Attached File(s)
File Type: ex4 R4M-GuppyPoints-OnChart.ex4   64 KB | 360 downloads

Attached File(s)
File Type: ex4 GMMA Long.ex4   10 KB | 361 downloads
Attached File(s)
File Type: ex4 GMMA Short.ex4   9 KB | 335 downloads

GuppyPoints lacks the rich history and theory of FocalPoints, though it does share some similarities. Whereas FocalPoints relies on multiple SMA lines that differ by powers-of-two, GuppyPoints relies on multiple EMA lines who's periods don't follow any particular pattern, as far as I can tell. I suspect they were chosen by empirical observation -- i.e. trial and error. GuppyPoints uses two groups of EMA lines -- long and short. The periods of the long group are 30, 35, 40, 45, 50, 60, and the periods of the short group are 3, 7, 10, 12, 15. In addition, there is no backshift -- which is a YUUUUGE benefit. Hence, there is no extrapolation or extension since the lines reflect the real-time data all the way to the current bar (Bar[0]). In addition, from a programmatic point of view, the rule for detecting crossings is much simpler and does not require a 'Tolerance' or 'Crossing Type' setting. All intersections are created equal.

I am NOT advocating the use of GuppyPoints over FocalPoints. I am simply sharing an observation -- make of it as you will.
  • #137
  • Mar 24, 2022 6:54pm Mar 24, 2022 6:54pm
XAUUSD 1 mn Follow Up
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  • #138
  • Mar 24, 2022 7:06pm Mar 24, 2022 7:06pm
XAUUSD 1 mn

Closed Long Position
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  • #139
  • Mar 24, 2022 7:12pm Mar 24, 2022 7:12pm
EURCHF 1 Hour

Short Follow Up
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  • #140
  • Mar 24, 2022 7:19pm Mar 24, 2022 7:19pm
Quoting robots4me
{quote} @aahmad29 -- no apologies are necessary. I know you are good trader and if you have 8 trades under your belt then you are more experienced with this strategy than me. I was introduced to it last week and spent my time coding rather than trading. This strategy is different than anything I've traded before, plus I trust @parisboy. So, let's have some fun with it and see where it goes.
Thanks i will keep posting the screenshots of different currency pair and their results but i have to admit; FOCAL POINT idea is one of my favourite because i believed in same way that cycles are generating and come back to certain point but i couldn't figure it out that how any indicator can help me. Now i am happy that your given indicators are of my great interest and i will keep monitoring the results and will let you know. I am posting AUDCAD chart where price hit TARGET without any drawdown on H1 time frame. Range period is March 17 to Mar 23. This chart is for those who are new like me but it will give you visual idea of strategy.
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