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SRDC Episode II

  • #521
  • Dec 5, 2006 1:54am Dec 5, 2006 1:54am
Quoting Michelle
Hi Orange,
How do I get the arrow indicator?

Thanks

Post 512.
The future depends on what we do in the present.
  • #522
  • Dec 5, 2006 1:58am Dec 5, 2006 1:58am
Iv'e got it without the arrows.
Where are they?


Quoting compro99
Post 512.
  • #523
  • Dec 5, 2006 2:02am Dec 5, 2006 2:02am
Quoting Michelle
Iv'e got it without the arrows.
Where are they?

Those are new suggestion by Roshan. It hasn't been coded by Aha yet.
The future depends on what we do in the present.
  • #524
  • Dec 5, 2006 2:25am Dec 5, 2006 2:25am
Quoting OrangeRoshan
Simply Brilliant!! I love that indicator.

A little comment on the Fibo. The Weekly Fibo should start at the Beginning of Monday, not at the End of Friday.

Just to clarify further, on Monday, we have only one Fibo (used as daily and weekly).

On Tue to Fri, we have weekly Fibo (Monday static) for weekly fib and daily fibo drawn on daily 0000 GMT every new day.

We forget about last week Monday Fibo. Is that right for above ?
The future depends on what we do in the present.
  • #525
  • Dec 5, 2006 2:32am Dec 5, 2006 2:32am
Quoting compro99
Just to clarify further, on Monday, we have only one Fibo (used as daily and weekly).

On Tue to Fri, we have weekly Fibo (Monday static) for weekly fib and daily fibo drawn on daily 0000 GMT every new day.

We forget about last week Monday Fibo. Is that right for above ?
Yes, correctly pointed. Should anyone want to keep all the previous Fibo, it will be permitted under 1 condition, that is please dont Jessica me, I mean; dont sue me when you start to see everything double. Hi Honey, let me hug you............ Where are you going? Im right here..!!!!

All this fibo are making me itch!!
Change Your Thinking. Change Your Life - JD
  • #526
  • Dec 5, 2006 5:11am Dec 5, 2006 5:11am
I have been following the thread, but I must have missed something. Why are there 2 sets of fibos set-up by aha's EA and how are they to be used. There is so much in this thread that I am havign trouble keeping up I guess. I have been on teamspeak also hoping it was going to be covered but it wasnt.

I appreciate everyone's patience for this probably duplicate question. Thanks in advance for any help folks!

Sirwolf
Believe and Achieve!
  • #527
  • Dec 5, 2006 5:33am Dec 5, 2006 5:33am
Wow!, the retracement on GBPUSD stopped right at the bottom of the channel and it seems to be going up just now.
Target: Trading naked.
  • #528
  • Dec 5, 2006 5:55am Dec 5, 2006 5:55am
Quoting aha
This version added daily fibo and weekly fibo (color adjustable)
The color of the fibos can indeed be changed by selecting the object and using edit but it immediately reverts to the hard-coded color when the indicator is redrawn.
Old Benjamin was right
  • #529
  • Edited 6:08am Dec 5, 2006 5:56am | Edited 6:08am
Thanks, Orange. Glad you love it. .

I suspect that the indicator is still not smart enough to show the trend right at trend reversal or ranging market. Has anyone tested it using the "daysago" parameter on different market situations?

The weekly fibo starts from the beginning of Monday now: thanks for spotting that, Orange.

http://www.forexfactory.com/forexfor...&postcount=579.


Quoting OrangeRoshan
Simply Brilliant!! I love that indicator.

A little comment on the Fibo. The Weekly Fibo should start at the Beginning of Monday, not at the End of Friday.


May the Force be with you.
Target: Trading naked.
  • #530
  • Dec 5, 2006 5:59am Dec 5, 2006 5:59am
There are two parameters in the indicator 's properties to select color for the two fibos.... yeah, I guess that's like adding feet to a snake..... you could have changed it directly from the chart.



Quoting Lou G
The color of the fibos can indeed be changed by selecting the object and using edit but it immediately reverts to the hard-coded color when the indicator is redrawn.
Target: Trading naked.
  • #531
  • Dec 5, 2006 6:07am Dec 5, 2006 6:07am
The trend detector of this indicator may not be very reliable during the trend reversal period (I guess that's even tough for an experienced trader). But I will implement the bull sell signals anyway, and improve the trend detector later.

A question though (For Orange):

Which bar will be the best bar to put an arrow on? The first bar close/open in a Q zone?

May the force be with you.


Quoting OrangeRoshan
Another Indicator:

Purpose:
To Show a Buy and Sell Signal on the Quadrants.

Buy: Green Arrow Up
Sell: Red Arrow Down
Monday Trade: Blue Arrow showing the Direction of the Trade


Q1 - Top
Q2 - Top Middle (near Median)
Q3 - Bottom Middle (near Median)
Q4 - Bottom

Bullish Trend:
Q1: Sell
Q2: Buy or wait until it enters Q3 then Buy (Arrow + Q#)
Q3: Buy
Q4: Buy

Bearish Trend:
Q1: Sell
Q2: Sell
Q3: Sell or wait until it enters Q2 then Sell (Arrow + Q#)
Q4: Buy

This Indicator will help learning faster for many Traders in the SRDC Thread. It will also be intergrated later inside the EA. We can check the EA accuracy on Entry as we follow the Trade everyday.

May the Force be with you.
Target: Trading naked.
  • #532
  • Dec 5, 2006 6:17am Dec 5, 2006 6:17am
Today's average range for cable is 184 pips, we have only moved 70 pips. So I would expect a huge move for USD ISM Non-Manufacturing Index (in about 40 min).
Target: Trading naked.
  • #533
  • Edited 6:53am Dec 5, 2006 6:18am | Edited 6:53am
Quoting aha
There are two parameters in the indicator 's properties to select color for the two fibos.... yeah, I guess that's like adding feet to a snake..... you could have changed it directly from the chart.
Thanks aha - I have it now. Just a reminder for the next revision - weekly fibo needs to start on Monday. Also, could you include the revision number in the indicator name so we can tell which version we have on the chart (by using right click/indicators)? That would be great...
Old Benjamin was right
  • #534
  • Dec 5, 2006 6:49am Dec 5, 2006 6:49am
Aha !

What do you think GBP gona go Bullish by the coming news ISM Non-Manufacturing Index any clue ....

One problem with indicator i am not getting any Arrow for Sell of buy >? but LRC seems to be perfect
  • #535
  • Edited 7:19am Dec 5, 2006 7:08am | Edited 7:19am
The price failed to break yesterday's low after ISM coming out. Big money is still with the trend. Bullish it is.

Oops, price did break it. let's see if it close below it....

Just an opinion, not a suggestion.

Quoting raheel23
Aha !

What do you think GBP gona go Bullish by the coming news ISM Non-Manufacturing Index any clue ....

One problem with indicator i am not getting any Arrow for Sell of buy >? but LRC seems to be perfect
Target: Trading naked.
  • #536
  • Dec 5, 2006 8:08am Dec 5, 2006 8:08am
AHA nice work on the LRC indicator : )

Orange, i've read every post from a to z and have followed the thread each day and am enjoying the study. I have a Q pertaining to the fibos that are currently drawn on the LRC. What thought/reasoning is behind drawing the fibos from the extremes of the channel on a given day rather than drawing the fibos in the traditional sense from "A" to "B" on actual price? What exactly are we trying to indicate by such unconventional drawing of the fibos?

THX in advance,
Thom
  • #537
  • Dec 5, 2006 9:23am Dec 5, 2006 9:23am
I thought it would be bullish but how come it go beyond LRC .. Roshan / Aha / Jedi please .. help with this one .totally confused ..
  • #538
  • Dec 5, 2006 9:23am Dec 5, 2006 9:23am
[quote=aha]The trend detector of this indicator may not be very reliable during the trend reversal period (I guess that's even tough for an experienced trader). But I will implement the bull sell signals anyway, and improve the trend detector later.

Really not very reliable. Having lost some money make me think. (one might think that I don't think when I am happy...)

Maybe you wanna look at this. These are regular Fibo Channels I only attached two more levels to them. The chart is a mess, but you can see - they were more accurate. Our beloved "jedy" indicator is a little bit too late.

Just food for thought...
Attached Image
  • #539
  • Dec 5, 2006 9:49am Dec 5, 2006 9:49am
Quoting aha
The trend detector of this indicator may not be very reliable during the trend reversal period (I guess that's even tough for an experienced trader). But I will implement the bull sell signals anyway, and improve the trend detector later.

A question though (For Orange):

Which bar will be the best bar to put an arrow on? The first bar close/open in a Q zone?

May the force be with you.
Entry at 00:00GMT for IBFX, but some broker start late. So its the opening price of the first candle of the day.

Brilliant!! Keep it UP!!
Change Your Thinking. Change Your Life - JD
  • #540
  • Dec 5, 2006 10:09am Dec 5, 2006 10:09am
Quoting accrete
AHA nice work on the LRC indicator : )

Orange, i've read every post from a to z and have followed the thread each day and am enjoying the study. I have a Q pertaining to the fibos that are currently drawn on the LRC. What thought/reasoning is behind drawing the fibos from the extremes of the channel on a given day rather than drawing the fibos in the traditional sense from "A" to "B" on actual price? What exactly are we trying to indicate by such unconventional drawing of the fibos?

THX in advance,
Thom
Good Question Thom. Going back to my history, I am actually self-taught in forex. Only after some years, I stumbled upon many pros, who are more experience than me.

On one boot camp of Pro traders, While we were doing a live trade, I drew my fibo the way as i taught here. Quite a number raise their eyebrows and start looking at my screen. I simply said to them, I have been doing this for many years, and it help me in catching dips & bounce. They agree!

My point is, my most evident trading skill is always been in using Support & Resistance using a channel. And I found out, drawing fibo between the H&L of channel (trend) suit my trading style, with very positive results of course.

Then on, I realised that, there are not 1 single way of drawing Fibo lines. The moto is, as long as it pips consistently, thats fine, and Im yet still to learn many other ways... whenever possible.

One trick I found out is, to adjust the FIBO placement, between the previous charts (1-2 days) and see, which way of drawing it that catches the recent move more efficiently. Then when you found it, use it.

I think the explaination is, There are many types of Big boys out there. They trades differently with different sentiment and I think some fibo showed another group's sentiment and other fibo showed the other.

Just a thought!
Change Your Thinking. Change Your Life - JD
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