It has to be downloaded into the indicators subfolder in the experts folder. It is not an EA it is an indicator. Hope it helps..
regards
frank
regards
frank
- #6,845
- Oct 9, 2007 4:44am Oct 9, 2007 4:44am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
For you creeper 
I ignore Sunday Bars as if they didn't exist.
Some MT4s don't even have them.
Here are some examples on the GBPCHF chart. Some good, some bad.
Does anyone remember that discussed "pyramid" IB?
That was tricky...one had to keep the stop "safe" for two days, else the BUOB forming woulda wiped one out..
The channel is one of my creative ones, so don't pay it no mind
Just some PA examples, including some failed ones. With IBs it's always tricky...like Mike said, placement is king.
Okay, gotta run, I've got to watch what cable is doing
I ignore Sunday Bars as if they didn't exist.
Some MT4s don't even have them.
Here are some examples on the GBPCHF chart. Some good, some bad.
Does anyone remember that discussed "pyramid" IB?
That was tricky...one had to keep the stop "safe" for two days, else the BUOB forming woulda wiped one out..
The channel is one of my creative ones, so don't pay it no mind
Just some PA examples, including some failed ones. With IBs it's always tricky...like Mike said, placement is king.
Okay, gotta run, I've got to watch what cable is doing
Trust price. Know yourself.
- #6,847
- Oct 9, 2007 8:26am Oct 9, 2007 8:26am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Hi all..
Here I'd like to test if some of Jim's teachings reached my dizzy mind.
I read through this forum untill today and just started studying in the PF.
I am using a UK spreadbetting firm for charts and trading and the bars might not reach the exact same numbers as yours.
Now.. am I right in my analysis of this chart?
Heya Oloman,
for it to be a "proper" Two Bar Low the low prices would preferably have to be identical. I know there are compromises sometimes, but let's not start with them
On my chart that makes the second bar an Inside Bar.
As for the 50% and s/r, yes, agreed, the prior bar highs show potential for an s/r flip there and it has already been tested as flipped s/r => support that one time(18th Sept 2007) before the rise started.
So we will watch this area and if we go as low as there and get a reversal setup(DBLHC, BUOB, PB or an IB after a BEB that breaks upwards) for example, we could take that to get back into the main trend.
If we do.
Welcome among the ranks
Take care,
SeekingLight
Trust price. Know yourself.
Heya Oloman,
for it to be a "proper" Two Bar Low the low prices would preferably have to be identical. I know there are compromises sometimes, but let's not start with them
On my chart that makes the second bar an Inside Bar.
As for the 50% and s/r, yes, agreed, the prior bar highs show potential for an s/r flip there and it has already been tested as flipped s/r => support that one time(18th Sept 2007) before the rise started.
So we will watch this area and if we go as low as there and get a reversal setup(DBLHC, BUOB, PB or an IB after a BEB that breaks upwards) for example, we could take that to get back into the main trend.
If we do.
Welcome among the ranks
Take care,
SeekingLight
- #6,850
- Oct 9, 2007 8:53am Oct 9, 2007 8:53am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
You're welcome.
Yes. Try not to enter anything "blindly".
Always wait for a price action setup to form and then in turn to be confirmed(a PB is "confirmed" to actually be one once it breaks, dito a BEOB/BUOB/DBHLC/DBLHC etc) when you're starting out practicing these things.
Well I don't really trade TBL / TBH breaks at all.
Only if there's a ranging / consolidation box and price makes it clear that this is an important spot, I might be tempted to wait for a close above / pullback, then enter.
Pure breakout trades always have the smell of daredevil-dom to me - they just don't feel right. I preferably want to be in BEFORE a move starts, not in the middle or last third of it.
You're looking at the right picture. Just be patient and wait for the setups and when they come, you'll be glad you did.
Considering EURUSD was in a strong uptrend and is very reluctant to give back ground I would not go short EURUSD at all - (it appears you're a bit desperate to be trading? "need to be in"?) but instead I would wait for a solid re-entry into the longer term trend from a good spot with confluence.
You can of course always trade any which way you want, but going WITH the majority of the market usually makes things easier and carries you sooo much further
Ok, that's it from me today, got to take care of household and things now...enjoy the PF stay, it's gonna be interesting for sure =)
TC
Now I discovered something else.. 2 double confluence fib levels..
The lower one still matches a support from previous tops + the MA line.. but how to know which one will be hit and which one will hold and send the price
up again?
or should I look for some price action confirmation to go long at the red confluence lines?
Always wait for a price action setup to form and then in turn to be confirmed(a PB is "confirmed" to actually be one once it breaks, dito a BEOB/BUOB/DBHLC/DBLHC etc) when you're starting out practicing these things.
Was it a valid short entry after the TBL?
Only if there's a ranging / consolidation box and price makes it clear that this is an important spot, I might be tempted to wait for a close above / pullback, then enter.
Pure breakout trades always have the smell of daredevil-dom to me - they just don't feel right. I preferably want to be in BEFORE a move starts, not in the middle or last third of it.
Questions questions.. well, I'm greatful for any comments. Am I on the right track or am I looking at the wrong picture alltogether...
Considering EURUSD was in a strong uptrend and is very reluctant to give back ground I would not go short EURUSD at all - (it appears you're a bit desperate to be trading? "need to be in"?) but instead I would wait for a solid re-entry into the longer term trend from a good spot with confluence.
You can of course always trade any which way you want, but going WITH the majority of the market usually makes things easier and carries you sooo much further
Ok, that's it from me today, got to take care of household and things now...enjoy the PF stay, it's gonna be interesting for sure =)
TC
Trust price. Know yourself.
oloman,
Remember, confluence is largely subjective.
Btw, I see we have the same charting pac. Spreadbetting are you? Anyway, judging by the size of the pic you must have a massive monitor.. I'l l have to upgrade to se those larger time scales to see further back in time... and perhaps the future..
A tip from me to all. I can recommend Snagit as print screen program. very quick and clever program to edit a picture taken from any section of your screen. (I have nothing to do with them apart from using the program)
/Oloman
- #6,853
- Oct 9, 2007 10:29am Oct 9, 2007 10:29am
- | Commercial User | Joined Jan 2007 | 1,442 Posts
Thank's Wiz. Very good point.. I see what you mean!
Btw, I see we have the same charting pac. Spreadbetting are you? Anyway, judging by the size of the pic you must have a massive monitor.. I'l l have to upgrade to se those larger time scales to see further back in time... and perhaps the future..
A tip from me to all. I can recommend Snagit as print screen program. very quick and clever program to edit a picture taken from any section of your screen. (I have nothing to do with them apart from using the program)
/Oloman
I am spreadbetting indeed. PM me the name of your broker. If it is who I think it is I will show you a way to make some very easy money.
P.S. Here is the same chart with most of the connecting tops and bottoms pinpointed.
P.P.S. To everyone that PM'd me about market rhythm. Compare what I told you with the Eur/Usd chart and tell me if you couldn't have see that bounce coming
Hi oloman,
I am spreadbetting indeed. PM me the name of your broker. If it is who I think it is I will show you a way to make some very easy money.
P.S. Here is the same chart with most of the connecting tops and bottoms pinpointed.
P.P.S. To everyone that PM'd me about market rhythm. Compare what I told you with the Eur/Usd chart and tell me if you couldn't have see that bounce coming
I sent you a PM.
/Oloman
- #6,858
- Oct 9, 2007 1:05pm Oct 9, 2007 1:05pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
A tip from me to all. I can recommend Snagit as print screen program. very quick and clever program to edit a picture taken from any section of your screen. (I have nothing to do with them apart from using the program)
/Oloman
Without holding down ALT for the whole screen.
I just use IrfanView(freeware) - I press ALT+PrntScr, open IrfanView, press CTRL+V and presto, the image/captured window. Cut and crop as needed, save as.
This is of course only for things that don't have their own save function.
Even when I was on a spreadbetter I still charted and traded off Metatrader. Spreadbetting charts S U C K. They're only made in nice, soothing looking colors because the brokers want to distract from their own suckyness, imho
Thieves, robbers, liars, the lot(freezes, slips, mini-account minimum, delayed quoting, requotes..think of something bad, they're sure to have or do it ;p).
Trust price. Know yourself.
- #6,859
- Oct 9, 2007 2:10pm Oct 9, 2007 2:10pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
