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Breakout + Spread!! Sure!!!

  • #321
  • Jul 26, 2007 8:29am Jul 26, 2007 8:29am
Quoting spiritbreezer
I use these. I break the different time frame into segments. I'll take the open of that time frame, meaning that with the period seperators vertical lines on, I take it from the open of the new period.

So only a weekly time frame, I use the open of the new year. I'll draw a horizontal line, then lines above and below at 360 pip intervals. Using your fibo channel tool it's easier.

I then take the daily time frame, and draw a horizontal line on the open of the new month, then again pips above and below at 180 pip intervals.

Then on the 4hr time frame, again horizontal line at weekly open and horizontal lines 50 pip intervals up and down.

I will also only use one fib retracement, and that is from the high to low of last week. Or low to high depending on which way the trend went.

Picture 090 will get explained n next post.
Hi Spiritbreezer,

How did you arrive at the intervals of 360 for weekly and 180 for daily chart?
  • #322
  • Jul 26, 2007 12:18pm Jul 26, 2007 12:18pm
Quoting HLAng
Hi all forex expert,
I am new in the forex.
Anyone can help me how to setup about this system?
Or i can download from which page?
Extension .mq4 should be use which software to open it. Because i cannot open all the .mq4 file download from FF. Please advice. Thanks.
Have a nice day.
Hello....don't worry, we were all new to forex at some point (even the high and mighty among us). I think that you are asking how to load indicators onto your MT4 platform, yes?

If so...follow this process:

1) Down load the subject indicator to your desktop (don't open it).
2) On the lower left of your windows screen you will see "start", right click it and then press "explore".
3) Once in explore, get to "programs" and expand it. Then find where your trading platform lives (look for the name).
4) Expand this section and then open "experts", then open "indicators".
5) Go back to your desk top and right click the indicator that you down loaded and pick "copy". Then go back to the indictor section that you found when exploring your programs and paste it into "indicators".
6) Restart your MT4 program.

This is how I do it....let me know if you need more help.
  • #323
  • Jul 26, 2007 10:24pm Jul 26, 2007 10:24pm
Quoting Skygod
Hello....don't worry, we were all new to forex at some point (even the high and mighty among us). I think that you are asking how to load indicators onto your MT4 platform, yes?

If so...follow this process:

1) Down load the subject indicator to your desktop (don't open it).
2) On the lower left of your windows screen you will see "start", right click it and then press "explore".
3) Once in explore, get to "programs" and expand it. Then find where your trading platform lives (look for the name).
4) Expand this section and then open "experts", then open "indicators".
5) Go back to your desk top and right click the indicator that you down loaded and pick "copy". Then go back to the indictor section that you found when exploring your programs and paste it into "indicators".
6) Restart your MT4 program.

This is how I do it....let me know if you need more help.
Hi skygod,
Thank for your help.
I can open that indicator after follow your step by step as above.
I will backtesting and feedback the result asap.
Hopefully this system can help us earn alot money loh...haha
have a nice day
  • #324
  • Jul 27, 2007 3:27am Jul 27, 2007 3:27am
Hi uguys

Ozzie Dave from down under via America, sounds like a rap tune

Ok I read somewhere on this forum about a strategy that uses the 4hr 50pip levels last year, but had forgotten about it. I will try and find it and post the link here. I had a friend about 2months ago make a similar box indicator but whidh draw tp and taget points etc, and I tried it for diff times of the day. And it was whilst having many of these on the charts that I saw that there are specific supply and demand points on the charts eveyweek, and then rememebered the 4hr 50pip levels things.

So logic says if there are 4hr levels there should be higher levels too. So just played around and found that 180 and 360 work best.

Trade from this morning.
First pic, cable hourly crossed down beofer midnigh, so now wait for stochs on 30min and 60 min.
Second pic, see here 30min cross down, so instead of selling 2 pips below bull candle I waited. The reason was I had a 4hr level right there and experience tells me that if we had broken through on the next candle we would have a pullback candle. Stochs still kept heading down so put sell order 2 pips below the candle that hit the level. Got filled at 456 with target being 50 pips down next 4hr level, we broke through that and stochs still down, so next target next 4hr level at 362. Easy as pie.

This method is so so well complimented by the strategy called '4 hour strategy(300+pips per month)' by a gentleman called Phillip Nel from S. Africa. I too am from S.AFrica, so great minds mmmmmmmmmm:

Look it up, and on the first post is the PDF for the strategy. If you can just grasp the idea behind the macd histogram giving you signals, you'll be well on your way. I don't use anything elase of that strat except for the macd, I also don't look for patters or draw the lines on the macd, mayb I should start.

I know it's weekend, but spend as much time in front of the computer as you can whilst you don't have to worry about trading and you can give this you full attention. Draw you levels, aand go over and over different weeks.

Kewl beans
Attached Image(s) (click to enlarge)
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  • #325
  • Jul 27, 2007 3:44am Jul 27, 2007 3:44am
So the previous pics I explained and showed without having the box on so you could see it clearer, now look.

The breakout was beautiful.

I would also like to thank 'eagle' again for bringing this to our attention, and I do apologise to him if it seems as if I am trying to change his breakout system. That is not my intention at all yeah.

I too am trying to better ever day .

Kind regards
Attached Image (click to enlarge)
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  • #326
  • Jul 27, 2007 4:07am Jul 27, 2007 4:07am
Here are 2 more examples of this morning.

First pic, EurYen the hourly was showing sell, so wait for stochs to turn. Here we can look to sell 2 pips below the low of the bull candle cause it was below the 4hr level with target next 4hr level, but crashed through it, so target next 4hr level.

Looking at this yeah, one can now start to think in the larger picture, by trading lots and the scaling them down at every level you hit. So following this from Tuesday you would probably have 10 lots still running short on euryen, with many many lots trade short and exited in between, and your ten lots would have entry points all lower than each other as you kept taking short signals, exitig some positions on profit and always letting the last one run till you get and exit from, say the non lag on hour crossing 70ma, and so on and so on.

Second pic in euro, I don't trade it cause it does not move enough for me, buy I know it has its faithfull follower. But here we see hour showing short, but stochs heading up, so wait for them to turn. They then do, and we sell below the bull candle, and the next one and so forth.

Kewl bean!
Attached Image(s) (click to enlarge)
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  • #327
  • Jul 27, 2007 4:39am Jul 27, 2007 4:39am
Sorry Dave, never answered your question about counter trend thoroughly. I will only enter a counter trend trade if I get a sig that the hourly stochs is turned down and the 30min stosh is ob if we get to a 4hr level or a fib from previous week.

Importantly, you need to see that the hr stoch has turned over and that 30min is ob. That is what makes this method nice is that we are only using one indicator window, so can stretch it a bit bigger.

With counter trend take profit quicker and move stop to b/e, not b/e plus spread cause it will often come back to the level 2 or 3 times before it goes down if it's gong to go down.
  • #328
  • Jul 27, 2007 5:13am Jul 27, 2007 5:13am
Spiritbreezer

Very interesting study you did, cutting out a lot of lagging and trading more based on price action.

Do you mind posting the Non lag MA indicator plus your 4H MA indicator?

Where do you stay in SA? I am also a South African but do not stay in SA at the moment.

Regards
  • #329
  • Jul 27, 2007 8:24am Jul 27, 2007 8:24am
SpiritBreezer

On post #326 what are those 2 time frames you are using on the pics?
Also what is a lag mov avg that you use? And lastly, I presume that you are just using one chart to trade with on a 15 minute time frame?

Thanks
Johnny
JohnnyPhoenix He who controls the SPICE controls the Forex universe!
  • #330
  • Jul 27, 2007 9:31am Jul 27, 2007 9:31am
Hi guys

At the bottom is the 4hr 50ema and the 60min stoch. The non lag is a few posts back, it reads 10nonlag, just change it to 12.

The time frame I am using is 30min. The pics I posted will be 1hr on the left and 30min on the right. I take trades just in direction of where the nonlag is on the 1hr compared to the 1hr 13smooth.

So a wrap up, on 1hr look for 12 nonlag to cross 13smooth. Then trades taken on 30 min when the 12 nonlag crosses 10 smooth. Also stoch have to be in you favour,

I gew in Kimberley mate, living in UK now for 4 years, but going back home for good in 5 weeks. So real excited about that.

I'll play some more this weekend see what I come up with, but I doubt we can get any better than price action itself. Don't forgetto read the PDF of Philip Nel to grasp the 4hr MACD histogram movement thing.

O, have a great weekend all.
Attached File(s)
File Type: ex4 60minStoch.ex4   5 KB | 453 downloads
File Type: mq4 60minStoch.mq4   3 KB | 764 downloads
File Type: ex4 4HR 50EMA.ex4   3 KB | 497 downloads
File Type: mq4 4HR 50EMA.mq4   4 KB | 619 downloads
  • #331
  • Jul 27, 2007 11:10am Jul 27, 2007 11:10am
Spirit:

Thanks for that info. Another question. From a few post back you would put all those lines from different time frames into one chart? I'm guessing that is how you came up with the support and resistance levels. That use to be a floor traders trick back then. They use to use the open to trade off of it. I know that they are still using it among other tools.

Johnny
JohnnyPhoenix He who controls the SPICE controls the Forex universe!
  • #332
  • Edited 4:21pm Jul 27, 2007 4:16pm | Edited 4:21pm
Quoting spiritbreezer
Hi guys

At the bottom is the 4hr 50ema and the 60min stoch. The non lag is a few posts back, it reads 10nonlag, just change it to 12.

The time frame I am using is 30min. The pics I posted will be 1hr on the left and 30min on the right. I take trades just in direction of where the nonlag is on the 1hr compared to the 1hr 13smooth.

So a wrap up, on 1hr look for 12 nonlag to cross 13smooth. Then trades taken on 30 min when the 12 nonlag crosses 10 smooth. Also stoch have to be in you favour,

I gew in Kimberley mate, living in UK now for 4 years, but going back home for good in 5 weeks. So real excited about that.

I'll play some more this weekend see what I come up with, but I doubt we can get any better than price action itself. Don't forgetto read the PDF of Philip Nel to grasp the 4hr MACD histogram movement thing.

O, have a great weekend all.
Hi Spiritbreezer,

I'm a bit confused about the NLMA and Smoothed MA settings. On the hour and 30 min chart you use 12 NLMA. But for the smoothed MA you use 13 on the 1 hr and 10 on the 30 min chart. The 12 NLMA on the 1hr chart is equal to a 24 NLMA on a 30 min chart if I want to represent roughly the same MA on both charts. The same with the 13 smoothed on the 1 hr, it would be a 26 smoothed MA on the 30 min chart. I can't say that I understand why you have the same 12 NLMA on 1 hr and 30 min but you have 2 different settings for the smoothed for 1 hr and 30 min charts. If you use your settings the cross of the 12 NLMA and 13 smoothed MA on the 1 hr chart will not occur at the same time as the cross of the 12 NLMA and 10 smoothed MA on the 30 min chart. Also, what do you use the 4 hr 50EMA for?

Sorry for so many questions.
  • #333
  • Jul 28, 2007 10:14am Jul 28, 2007 10:14am
Good questions Dave. The more questions that get asked the more we can understand why this works.

If we use the same settings on the 30min as we use on the hour chart, then we'll have to be ready to take the trade when the crosses occur.

The market is like energy. So once the trend turns, (crossig on the hour chart), it shows that the market energy is tuning. Now for us to get in on that if we did not at the crossing of the hour chart, we have to wait our turn.

Trend was up, hourly chart crossed down so trend is down now. Now our turn comes when the downward momentum has died out a bit and more energy is required to push it down further.

And to me this is on the 30min chart. When the non lag crosses up then back down again. This crossing up then back down signifies to me energy gather. It's like a battery recharged to drive the market further down.

Hope this clarifies it a bit more. Besides, there are many ma crossing sytems which all work if you follow the properly. I just, obviously, like the one I thought of the most.

Enjoy the rest of the weekend.
  • #334
  • Jul 28, 2007 10:30am Jul 28, 2007 10:30am
Spirit,

Is it possible to attach the templates and list what time frames to attach them too? Thanks!
  • #335
  • Jul 28, 2007 11:50am Jul 28, 2007 11:50am
  •  bonzdoc
  • | Joined Jun 2007 | Status: Mountain Man & Beach Bum All In One | 41 Posts
Hey Guys,

I hope you all are having a great weekend. I am very interested in this system and am in the process of setting up my charts. I am having a problem setting up the 12 non lag moving average and would welcome any help you may have. I trade on the interbank platform and when I pull up the moving average box the only options are simple, exponential, smoothed and linear weighted. Any ideas what to do? Thank you in advanced for any help.
"If your mind can see it and believe it you can achieve it."
  • #336
  • Jul 28, 2007 4:48pm Jul 28, 2007 4:48pm
Spiritbreezer

I must be blind, I see all the other indicators plus your screenshots, but not the Non Lag MA, can somebody please post the post Nr ,Please, Please?

I will be greatfull, I do not know how but I went through the posts again 2 times but for the life of me can not see it.

Thank you.
  • #337
  • Jul 28, 2007 5:13pm Jul 28, 2007 5:13pm
Sorry.... I must be blind too because I don't see the "Non Lag MA" indicator either.

Can you tell us in which post you placed it.

Thanks
  • #338
  • Jul 29, 2007 2:15am Jul 29, 2007 2:15am
Here is the Non Lag MA Indicator.
Attached File(s)
File Type: ex4 NonLagMA_v5.ex4   7 KB | 746 downloads
  • #339
  • Edited 5:07am Jul 29, 2007 4:48am | Edited 5:07am
Ignore the tpl on this post, load up the tpl on post 340.

Have a look at the ma's I use on daily time frame and higher. Just the 30ma, 70ma, 100ma and 200ma.

If you look at cable specifically, we stopped 10 pips above the daily 30ma on Friday. I suspect well have a small bullish day on Monday bouncing of the 30ma at 219 and go up to last weeks 38% fib at 282. So that, I think, will be cables range for Monday.

If break thge 30ma, then the next target will be the 70ma, but See how the ma's are all lined up it shows a good uptrend.

On EurYen weekly we have bounced of the 30ma 5times since May, it lies at 160.81 and we are now at 161.71, so I reckon we'll drive down to that on Monday through Tuesday.

It's small things like this that we will start to look out for and get to know how curerncies operate.

All the indicators are oasted in the last 3 pages, so load em up first.
Attached File(s)
File Type: tpl clean spirit.tpl   5 KB | 559 downloads
  • #340
  • Jul 29, 2007 5:45am Jul 29, 2007 5:45am
This is gionna be quik, need to leave as going to outdoor concert with live bands

I use the SHI-channel indicator or 4hr time frame and higher. So have the MTF channel indicator showing me the 4hr channel on smmaller time frames. Unfortunatly don't habe the quadrant one in MTF yet, but working on it.
Attached File(s)
File Type: ex4 #MTF_shi_channel_1.ex4   11 KB | 603 downloads
File Type: mq4 #MTF_shi_channel_1.mq4   10 KB | 703 downloads
File Type: ex4 SHI_Channel_true_with_quadrants.ex4   7 KB | 569 downloads
File Type: mq4 SHI_Channel_true_with_quadrants.mq4   6 KB | 720 downloads
File Type: tpl clean spirit.tpl   8 KB | 682 downloads
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