Trading Focal Points -- "A Leap Of Faith"... | Page 11 | Forex Factory

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

  • #201
  • Mar 26, 2022 6:34am Mar 26, 2022 6:34am
Quoting simnz
{quote} Anonymous people getting insulted? Ha ha .
@simonz -- how many times have I seen you post this comment?
"I mentor retirees free of cost as part of a non-profit community organization."

I'd say you are the next coming of Mother Teresa. Either that or you're hoping to drum up more business for your "non-profit".

Of course, no insult intended since you are anonymous to me...
  • #202
  • Edited 7:31am Mar 26, 2022 7:18am | Edited 7:31am
I would not underline where is the main Focal Point on this Chart because you have to learn to guess it quickly with your eyes
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  • #203
  • Mar 26, 2022 7:29am Mar 26, 2022 7:29am
Low = 37.500 March 14 th 00.00

FP 16/32/64/128 = 41.700 (Potential FP 16/32/64/128/256

41.700-37.500 = 4.200

Estimated Top= 41.700 + 4.200 = 45.900 +/- 840

Real Top = 45.125 March 25 th 12.00

Swing Amplitude : 45.125 - 37.500 = 7.625

138 x 2 hours Bars from March 14.00 to March 25 th 12.00

55.25 points / bar in average
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  • #204
  • Mar 26, 2022 9:21am Mar 26, 2022 9:21am
Quoting robots4me
{quote} @simonz -- how many times have I seen you post this comment? "I mentor retirees free of cost as part of a non-profit community organization." I'd say you are the next coming of Mother Teresa. Either that or you're hoping to drum up more business for your "non-profit". Of course, no insult intended since you are anonymous to me...
at least 12 times
  • #205
  • Mar 26, 2022 1:00pm Mar 26, 2022 1:00pm
BTCUSD 2 H

Good for test BTCUSD is traded 24/24 Round the Clock


4 H very close of 256 (in minutes)
2 H of 128
1 H of 64
30 mn of 32
15 mn of 16
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  • #206
  • Mar 26, 2022 1:15pm Mar 26, 2022 1:15pm
Graphically CMA 16 (red) made its Top at 00.00

Price Top was 45.125

Since Price Top we are now 16 bars

Price is now 44.520

45.125 - 44.520 = 600 , around - 40 point per bar from the Price top

Food for thoughts
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  • #207
  • Mar 27, 2022 7:24pm Mar 27, 2022 7:24pm
Quoting wowzers
Hey R4M, Checking out this Focal Points on Chart indi and am trying to test it on the strategy tester but its not properly updating. Is there any way we can rectify that? Thanks buddy
How many times has it been emphasized this is a discretionary strategy and it is different than anything else you've traded before? This has been stated many times throughout the thread. If you understood how Focal Points are working then you would understand why it can't be backtested. The title of the thread includes the expression: "A Leap of Faith". That is because the guesstimated TargetPrice is created by historical data. It can not be backtested using Strategy Tester. The only way to "backtest" is visual backtesting -- and that will require that you use your brain and discretionary trading skills.
  • #208
  • Mar 27, 2022 7:32pm Mar 27, 2022 7:32pm
Quoting robots4me
{quote} How many times has it been emphasized this is a discretionary strategy and it is different than anything else you've traded before? This has been stated many times throughout the thread. If you understood how Focal Points are working then you would understand why it can't be backtested. The title of the thread includes the expression: "A Leap of Faith". That is because the guesstimated TargetPrice is created by historical data. It can not be backtested.
Thanks for your reply. I am more interested in the pink and blue signals generated by your indi. I don't know how they are being generated but they look good and wanted to test them on strategy tester and wasn't really looking at the yellow line focal point estimation.
  • #209
  • Mar 27, 2022 10:23pm Mar 27, 2022 10:23pm
Quoting wowzers
{quote} Thanks for your reply. I am more interested in the pink and blue signals generated by your indi. I don't know how they are being generated but they look good and wanted to test them on strategy tester and wasn't really looking at the yellow line focal point estimation.
They are not signals that you trade. They are historical crossings. Consider them "wake-up calls" to begin paying attention...

There are "Confirmed" and "Potential" Focal Points. You can read about the difference in earlier posts. I'm not going to spend time re-summarizing when the information is already available.
  • #210
  • Mar 28, 2022 6:40am Mar 28, 2022 6:40am
Could you allow the ma's to be colours, id like to change the others to black, prefer to keep the 128 and firebrick
Pip Student
  • #211
  • Mar 28, 2022 8:03am Mar 28, 2022 8:03am
Quoting apples1978
Could you allow the ma's to be colours, id like to change the others to black, prefer to keep the 128 and firebrick
No -- for two reasons...

1. There are 5 SMA lines. I'm not going to clutter the input settings with additional color settings for each SMA so you can fiddle with colors.
2. With everyone using different colors then we lose the ability to share charts because we could no longer identify the different SMAs.

These are simple SMA lines. If the indicator is unusable for you without your color preferences then overlay the indicator's lines using MT4's built-in Moving Average.
  • #212
  • Edited 8:19am Mar 28, 2022 8:08am | Edited 8:19am
Last night trade on CADJPY M15 Time frame in my Live account, closed in profit as per directions of Focal points.
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Love for all; Hatred for none.
  • #213
  • Mar 28, 2022 8:11am Mar 28, 2022 8:11am
Quoting robots4me
{quote} No -- for two reasons... 1. There are 5 SMA lines. I'm not going to clutter the input settings with additional color settings for each SMA so you can fiddle with colors. 2. With everyone using different colors then we lose the ability to share charts because we could no longer identify the different SMAs. These are simple SMA lines. If the indicator is unusable for you without your color preferences then overlay the indicator's lines using MT4's built-in Moving Average.
100% Agreed robots4me. Now when we post charts, we are aware of colours and if colours are changed then it will be mixture.
Love for all; Hatred for none.
  • #214
  • Mar 28, 2022 8:22am Mar 28, 2022 8:22am
Fair enough, was to have the ability to drop the number of ema's to the 2 main ones. But no worries
Pip Student
  • #215
  • Mar 28, 2022 8:33am Mar 28, 2022 8:33am
Quoting apples1978
Fair enough, was to have the ability to drop the number of ema's to the 2 main ones. But no worries
It is a useful built-in possibility available in TradingView that I use to clarify the analysis or show the "propagatuon" of CMA's
  • #216
  • Mar 28, 2022 8:58am Mar 28, 2022 8:58am
Quoting apples1978
Fair enough, was to have the ability to drop the number of ema's to the 2 main ones. But no worries
@apples1978 -- after some reflection I've changed my mind -- your's was a good idea. My apologies for being so gruff.

Below is another version of the indicator that allows you to change the colors of the SMA lines. However, the copy of the indicator in post #1 remains unchanged.

Attached File(s)
File Type: ex4 R4M-FocalPoints-OnChart.ex4   88 KB | 427 downloads
  • #217
  • Mar 28, 2022 1:24pm Mar 28, 2022 1:24pm
Thanks kindly for this, just allows me to keep the chart clear and bring the other ma's in when i need to reflect deeper. I make sure to have them all on when posting any charts.
Pip Student
  • #218
  • Mar 29, 2022 6:34am Mar 29, 2022 6:34am
Patience paid off on CADJPY M15 time frame.
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Love for all; Hatred for none.
  • #219
  • Mar 29, 2022 6:48am Mar 29, 2022 6:48am
Another target on CADJPY H1 Time frame is in progress. Scalping on GOLD continue. I will post charts later
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Love for all; Hatred for none.
  • #220
  • Edited 2:59pm Mar 29, 2022 2:28pm | Edited 2:59pm
Quoting aahmad29
Another target on CADJPY H1 Time frame is in progress. Scalping on GOLD continue. I will post charts later {image}
Beautiful chart. I also see a Double Top. In fact, I often have an easier time spotting Double Tops / Bottoms than Focal Points. However, with Double Tops / Bottoms you don't get the guesstimated Target Price.

Thank you @aahmad29...
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