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  • #5,581
  • Mar 5, 2023 3:05am Mar 5, 2023 3:05am
Quoting Shabs19
{quote}
Not changing anything at all, just dragging indi into the MT4 indicators folder using the Open Data Folder route, & Refresh. Done this 1000's of times with many indicators, etc. The indicator just flashes the message as I have screenshotted before. Never mind, I get the purpose of the indicator. I think it may be a nice addition to my Market Structure & Lines which often gives me the same information anyways.

Hi Shabs,

That Indi as I observe it is like what oopDave & Kwt & Ian were talking about, ie octaves.

Where we might look at the Quarters (and I can visually see the halfway point between the quarters without an indi) that indi does its similar job.

Why I prefer the Q's is that it is hard coded price 1.0000, 1.0500 etc.

The indi you downloaded starts at Day Open each day, and while I love the DO and have a good Day Open Broker price imho only (they're NOT the ones I trade with though, lol) what we have found when discussing DO before, especially on gap days, is that NOT ALL broker charts start the new Day at the exact same price, so the indi would be "slightly" different on each traders chart.

Other than that, the eighths sits fine with me as another Horizontal Line of Attraction for the market where I can just watch what they do from there..
  • #5,582
  • Mar 5, 2023 3:13am Mar 5, 2023 3:13am
Quoting TimeTells
{quote} I think maybe it is YOU sir who now wishes to spar hahaa. As, what would patience have to do with sitting 2/3 hours in a trade that was maybe going nowhere I am hopefully closed, pocketed, listening to music and waiting for the next expansion at that point (with some food and/or music in between) Firstly, what a fascinating UFC card it was. So I'm all spar'red out now PLUS, I have promised Zoltan I won't ever mention again the results on here as he will not watch...
Hi Pete,

I have to admit, it's been too long since the last time I had a spar, so, I'm looking for the slightest reason to start one, and YOU SIR are giving me plenty LOL

"As, what would patience have to do with sitting 2/3 hours in a trade that was maybe going nowhere"
if you go to M15, the ZZ 12 will read 3 hours high/low, so that's the patience I'm talking about, to wait for the readings to form. so it is going somewhere
the higher the TF the longer the reading. just like TF candles, but with Dow it's a group of candles.

I'm not a fan of UFC, so you're talking above my head

GANN has no cloud, maybe you're referring to the Japanese system "ichimoku". if so, the Japanese are too smart and use this system to guarantee the Loin Share in trades. it's a simple breaking the cloud until price come back to it. using BB can replace the system, and will be from squeeze to squeeze.

about H4 charts, we both look at the same thing, we just read it differently, I use indi's to help me read (BB/ZZ/Stoch) and it save me from analyzing every now and then, so my reading is continuous.

without banter there is no sparring, so keep it coming haha

cheers,
"the public is not yet ready for it" W.D. GANN
  • #5,583
  • Mar 5, 2023 3:27am Mar 5, 2023 3:27am
Quoting TimeTells
{quote} Okay found it, crikey 2014. I snuck over to look at Forex back then, while I was still doing my horses. Thought this will be easy, pick up some extras lol. Market smacked my bottom. I never came back for about 3-4 years hahaaa. The guy who showed me a couple of things back then traded the Daily Chart only, pin bars, inside bar stuff etc. For me and my sprint horses this was like watching paint dry. Then I read an online pdf on a subject called The Delta Phenomenon (I beg you ryuryu do not go into a meltdown here, different style entirely...
"Anyway my mt4 history shows me, IF I had stayed in for 1½ yrs I would have netted about 3000 pips (??? is it lol)."
now you're talking about INVESTING not trading

we both share Direction and Divergence, my extra's would be OB/OS and Dow. so, either one will give a good reading for the market.

any trading style is fine as long you are making profits, it's just the pressure of volatility and number of decisions needed.

cheers,
"the public is not yet ready for it" W.D. GANN
  • #5,584
  • Mar 5, 2023 3:34am Mar 5, 2023 3:34am
Quoting Kwt4x
{quote}
GANN has no cloud, maybe you're referring to the Japanese system "ichimoku".
without banter there is no sparring, so keep it coming haha cheers,


Yes I love the banter also Kwt, you are good fun sir.

Now not sparring, but can you please show me where I wrote anything about

Gann and a Cloud ???? hahaaa



While like all the (well, any) indis out there I have put them on a serious road test, including Ichi.

Tradeable, as most indis are, BUT only from a view of the Market Mechanics (but NOT sitting and watching Ichi and two clouds either move across the candles).
NO it's too distracting for me to have a superimposed indi dominate my screen, covering what price is actually doing in the moment. Maybe, though , from a distance if there is a structure shift observable on Ichi ... eg hi to lo.

And I love the candlesticks. I have tried bars and lines, but the candle visually shows me what I require, and on the 1min I CAN also read the delta lol
(yes, this time I do mean your delta ryuryu, sorry) but ONLY if i stay watching the price candle movement for the 60 secs.

I read as much Nison as I could also. All the patterns all the concepts etc.

And the ONE thing (only) lol that stuck with me was the original Japanese Rice Traders used their candles ONLY as one day. They only used Daily candles.

All the West did was to convert the original idea to hey maybe the candles work on a 4hr chart, then a 1 hour chart, then a 15m, 5, and 1min chart LOL.
Why so few ever talk about this when talking about candle patterns and shapes etc I am not sure (a doji in the middle of a 1 min chart, as a predictor, come on lol)
However, that still is not the ONE FINAL thing I took from Nison (and HE did speak with the Japanese, so not 2nd hand as I understand it) is that
The Japanese saw the biggest effect usage from what they were looking for in candles study was for Consecutive Groupings of multi candles
(eg maybe a minimum of 2-3 consecutive 'daily' candles).

So a lot of modern western candlestick pattern theory (in my view only, just my speculation) on the lower timeframe charts
is merely a self-fullfilling prophecy if you know what I mean.

Anyways I've rambled enough today (again lol, sorry) so I will go now and watch the Post-Fight UFC press chats from the participants.

all the best
  • #5,585
  • Mar 5, 2023 3:42am Mar 5, 2023 3:42am
Quoting FocusWinReal
{quote} Just tried it and it works first time for me too. {image}
Thank you my friend for taking the time to reply, much appreciated
Glad it works for you
Customize it to your needs
Use the range time frame (Daily Weekly Monthly )
Hour shift
Range plot (how much history you need )
etc
Remember you can set the OPEN to your own Time zone
  • #5,586
  • Edited 4:22am Mar 5, 2023 4:09am | Edited 4:22am
Quoting Shabs19
{quote} {image}
Just doing a Go Compare, hope you do not mind
Attached Image(s) (click to enlarge)
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  • #5,587
  • Edited 5:21am Mar 5, 2023 4:37am | Edited 5:21am
I have to write this post about the usual ADR high and low.
(I am talking only about adr and nothing else, that's the limitation I face)

We need this reading for historical trading days.

Because of this post requirement.
https://www.forexfactory.com/thread/...8#post14347568

Pls take a much closer look see if the current indicators do a similar job? I'm not sure.

The only indicator I know of that does this job is written by r-4-me here.
https://www.forexfactory.com/thread/...9#post13104989

Pls download and put onto your chart to see what I mean. Perhaps compare with the other indicators. Cheers

Ps and do I continue to talk about this or zip up?

Edit - the complete set(which can be coded but not) are,
H4 - AMR
H1 - AWR
M15 - ADR
M5 - AH4R
M1 - AH1R
Attached Image (click to enlarge)
Click to Enlarge Name: ADR-Indicator.png Size: 15 KB
Know what you trade
  • #5,588
  • Mar 5, 2023 5:58am Mar 5, 2023 5:58am
Quoting BWilliam
I have to write this post about the usual ADR high and low. (I am talking only about adr and nothing else, that's the limitation I face) We need this reading for historical trading days. Because of this post requirement. https://www.forexfactory.com/thread/...8#post14347568 Pls take a much closer look see if the current indicators do a similar job? I'm not sure. The only indicator I know of that does this job is written by r-4-me here. https://www.forexfactory.com/thread/...9#post13104989 Pls...
IMHO, Sometimes having too much information can be a hindrance, leads to confusion & analysis paralysis.

I think that by having a clean chart you can see, as what Pete describes, Market Mechanics and price moving from one target to another.

Maybe the same commercial entirties moving price between sessions to fill their orders at their "desired" price.

Retail provide the liquidity they need to do this.
It never gets easier, you just get better
  • #5,589
  • Mar 5, 2023 6:04am Mar 5, 2023 6:04am
Quoting Shabs19
{quote} IMHO, Sometimes having too much information can be a hindrance, leads to confusion & analysis paralysis. I think that by having a clean chart you can see, as what Pete describes, Market Mechanics and price moving from one target to another. Maybe the same commercial entirties moving price between sessions to fill their orders at their "desired" price. Retail provide the liquidity they need to do this.
Thanks Shabs for your input. Appreciate it. Let's move on as you suggested. Cheers

Ps those interested, pls follow up on your own.
Know what you trade
  • #5,590
  • Mar 5, 2023 6:56am Mar 5, 2023 6:56am
Quoting BWilliam
{quote} If you are an intraday swing trader, aiming for 50pips minimum per entry, then keep your eyes on the h4 candle. The secret sauce is h4 candle and h4 intent(not the same as candle) governs intraday movement. H4 intent is the most important, trade in the direction of the intent, never against this intent that kills the account.
Quoting BWilliam
{quote}One more thing, start from the 3rd h4. That means you hv only 4 h4s to figure out.
I agree. Here are several recent charts to back it up.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: terminal64_GizOQnk8up.png Size: 13 KB
  • #5,591
  • Mar 5, 2023 8:04am Mar 5, 2023 8:04am
I don't think ryu will be coming over for a chat.

Most volatile EU/GU/XAU/BTC trading | Page 86 | Forex Factory

And my reply.

Most volatile EU/GU/XAU/BTC trading | Page 86 | Forex Factory

I tried. Really wanted to see (I know he can't) if he could actually support his claims. He may have had a little message from someone telling him to behave.
Mark ... Everything you have been told is a LIE
  • #5,592
  • Mar 5, 2023 8:07am Mar 5, 2023 8:07am
Quoting spzd
I don't think ryu will be coming over for a chat. Most volatile EU/GU/XAU/BTC trading | Page 86 | Forex Factory And my reply. Most volatile EU/GU/XAU/BTC trading | Page 86 | Forex Factory I tried. Really wanted to see (I know he can't) if he could actually support his claims. He may have had a little message from someone telling him to behave.
You like poking Wasps Nests don't you ?

It never gets easier, you just get better
  • #5,593
  • Mar 5, 2023 8:17am Mar 5, 2023 8:17am
Quoting Shabs19
{quote} You like poking Wasps Nests don't you ?
Just trying to help.
Mark ... Everything you have been told is a LIE
  • #5,594
  • Mar 5, 2023 9:22am Mar 5, 2023 9:22am
Quoting GEfx
{quote} BWilliam, good to see that you're posting again! This last point is critical. Traders must know levels/targets. The intent is to move to a level. Execution of intent can be seen after retracements, when PA demonstrates support for the move (over and over again). Stay in your trades, and continue to add trades, as long as PA demonstrates support of intent, which is to say, support for their intent to reach a target.
Regarding intent and targets, to embrace these concepts is to abandon any notion of randomness in the forex. Targets are part of structure, and intent in part of order and discipline in the market (not predictable, but probable). Both are antithetical to a random market. My experience, for the past 15 years, is that the market consistently executes intent-to-target activities (ie, signal intent, signal buy-in from the majority, follow through), as can be seen in PA, on all timeframes. It's how the market reinforces or rearranges market structure. If you are trading intent on the 1H or the Day chart, you are trading to and from targets on those timeframes.
  • #5,595
  • Edited 12:12pm Mar 5, 2023 9:38am | Edited 12:12pm
If your decision is only based on candlestick (OHLC), you have already failed before you started!
It's You VS You; yes you should yourself find and learn it!
Volume data is good; but it's only one piece what can be obtained...
I'm also learning, so not trying to be
  • #5,596
  • Edited 10:35am Mar 5, 2023 10:09am | Edited 10:35am
Quoting GEfx
{quote} Regarding intent and targets, to embrace these concepts is to abandon any notion of randomness in the forex. Targets are part of structure, and intent in part of order and discipline in the market (not predictable, but probable). Both are antithetical to a random market. My experience, for the past 15 years, is that the market consistently executes intent-to-target activities (ie, signal intent, signal buy-in from the majority, follow through), as can be seen in PA, on all timeframes. It's how the market reinforces or rearranges...
Hi GEfx, good point you raise there. As a speculator of forex trading it makes no sense for me to adopt this notion of randomness. It has to be the exact opposite that there's probabilistic order and discipline in the market - this has to be the fundamental premise upon which our speculation activity is based that is to exploit predictable structures. I must drive home this point. Cheers
Know what you trade
  • #5,597
  • Mar 5, 2023 10:16am Mar 5, 2023 10:16am
Quoting Ihlas
If you decision is only based on candlestick (OHLC), you have already failed before you started! It's You VS You; yes you should yourself find and learn it! Volume data is good; but it's only one piece what can be obtained... I'm also learning, so not trying to be
just understand that the volume in Forex is tick volume not real volume like centralized markets.

it give you number of trade not real size of trades, for example, if you have 2 ticks one tick might be 1 lot the other tick might be 100 lot, but you see 2 ticks only.

even if you decide to choose "Real" in volume indicator, it will not show any data.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 4091.png Size: 3 KB


cheers,
"the public is not yet ready for it" W.D. GANN
  • #5,598
  • Mar 5, 2023 10:26am Mar 5, 2023 10:26am
Quoting Kwt4x
{quote} just understand that the volume in Forex is tick volume not real volume like centralized markets. it give you number of trade not real size of trades, for example, if you have 2 ticks one tick might be 1 lot the other tick might be 100 lot, but you see 2 ticks only. even if you decide to choose "Real" in volume indicator, it will not show any data. {image} cheers,
Tick volume seems to be a fair proxy for real volume:

Cumulative Delta Price Volume | Page 3 | Forex Factory

Volume is not necessary.
Mark ... Everything you have been told is a LIE
  • #5,599
  • Edited 11:02am Mar 5, 2023 10:32am | Edited 11:02am
There's a lot of criticisms on ohlc data. The raw data is tick data. So the question has to be, has ohlc packaging diminished the authenticity of tick data?

My simple response to critics is for them to show proof that this ohlc packaging has diminished the authenticity of tick data.

If there's no proof given, then ohlc data can be representative of tick data. At the same time there's no stopping us to opt to work with tick data.

If the criticisms are leveled at the application of ohlc data thereon, there again the simple response has to be to demand for proof.

This is my position on this subject matter. What's most important is it works very well for me. Cheers
Know what you trade
  • #5,600
  • Mar 5, 2023 10:43am Mar 5, 2023 10:43am
Quoting spzd
{quote} Tick volume seems to be a fair proxy for real volume: Cumulative Delta Price Volume | Page 3 | Forex Factory Volume is not necessary.
not even close my friend

100k ticks might be millions of lots or 10k lots (if some tick size are mini or micro), you never know the real volume.

I also forgot to mention that the tick data is for the broker clients only not the full market, and that's another bummer :/

cheers,
"the public is not yet ready for it" W.D. GANN
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