the key to the mint | Page 166 | Forex Factory

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the key to the mint

  • #3,301
  • Mar 26, 2008 9:14am Mar 26, 2008 9:14am
Forexmad, is that 60 MA applied to close? Simple or exponential MA? Thanks in advance. Congrats on your winning pips today. Great work!
  • #3,302
  • Mar 26, 2008 9:15am Mar 26, 2008 9:15am
forexmad, where can I get the indicator you have on your charts in the lower right (cci window) ? The one with the the colored dots. Thanks in advance. Bob
Hej.
  • #3,303
  • Mar 26, 2008 9:18am Mar 26, 2008 9:18am
CXXXX, thanks for the template, I'll add it to my collection. Bob
Hej.
  • #3,304
  • Mar 26, 2008 9:36am Mar 26, 2008 9:36am
My first target was 198.98 the second previous low, once it is cleared i moved my tp to third previous low 197.98, since i was babysitting this trade,
its more than enough for me, so i closed it manually.
  • #3,305
  • Mar 26, 2008 9:42am Mar 26, 2008 9:42am
Quoting Artifiz
Forexmad, is that 60 MA applied to close? Simple or exponential MA? Thanks in advance. Congrats on your winning pips today. Great work!
I am using ema close. I guess H also using the same.
  • #3,306
  • Mar 26, 2008 9:43am Mar 26, 2008 9:43am
Quoting CindyXXXX
here is my template if ya want it - no charge

CINDY THE COLOURS YELLOW-RED GREEN ON THE MINT SIGNAL
WHAT DO THEY MEAN OR ANY BODY KNOW

THANKS
My Email For Help: [email protected]
  • #3,307
  • Mar 26, 2008 9:45am Mar 26, 2008 9:45am
Quoting Stitch961
forexmad, where can I get the indicator you have on your charts in the lower right (cci window) ? The one with the the colored dots. Thanks in advance. Bob
If you have an account with Interbankfx, you can get that indictor which helps to compare the price action of correlated pairs. The indicator name is IBFX Instrument monitor.
  • #3,308
  • Mar 26, 2008 9:47am Mar 26, 2008 9:47am
Quoting tcmm
CINDY THE COLOURS YELLOW-RED GREEN ON THE MINT SIGNAL
WHAT DO THEY MEAN OR ANY BODY KNOW

THANKS
If you are talking about mint signal, yello means no signal, green means long, red means short.
  • #3,309
  • Mar 26, 2008 10:10am Mar 26, 2008 10:10am
Quoting forexmad
If you are talking about mint signal, yello means no signal, green means long, red means short.
THANKS THATS GREAT
My Email For Help: [email protected]
  • #3,310
  • Mar 26, 2008 10:32am Mar 26, 2008 10:32am
Thanks HaroldFX for sharing your method!

Question for one and all -- Are we using the ZigZag or the GannZigZag indicator? What settings? (My zigs and zags don't look like forexmad's).
  • #3,311
  • Mar 26, 2008 11:15am Mar 26, 2008 11:15am
Quoting forexmad
If you are talking about mint signal, yello means no signal, green means long, red means short.
Could you or someone please post this indicator or point me in the direction of getting it. Thanks so much.
Live today as if you will stand before God tomorrow.
  • #3,312
  • Mar 26, 2008 11:58am Mar 26, 2008 11:58am
Quoting Pippy Cent
Could you or someone please post this indicator or point me in the direction of getting it. Thanks so much.
Here it is. If you go to the top of the page, just to the right of the page numbers you will see a paper clip. Click on it and you will get a list of all attachments such as indicators, documents, charts, etc. Just scroll down until you find what you are looking for. Hope this helps.

regards
pippocket
Attached File(s)
File Type: mq4 Mint signal2.mq4   5 KB | 947 downloads
  • #3,313
  • Mar 26, 2008 12:22pm Mar 26, 2008 12:22pm
Quoting cementman
Guys could someone please explain the fibo part and how to drow and calculate targets..Thanks in advance
please, what are the numbers of the fibo lines that you define your targets with?
  • #3,314
  • Mar 26, 2008 2:04pm Mar 26, 2008 2:04pm
Quoting pippocket
Here it is. If you go to the top of the page, just to the right of the page numbers you will see a paper clip. Click on it and you will get a list of all attachments such as indicators, documents, charts, etc. Just scroll down until you find what you are looking for. Hope this helps.

regards
pippocket
Thank you very much I appreciate it.
Live today as if you will stand before God tomorrow.
  • #3,315
  • Mar 26, 2008 3:15pm Mar 26, 2008 3:15pm
Quoting cementman
please, what are the numbers of the fibo lines that you define your targets with?
If you go to page 206 - post 3087 CindyXXXX gives a great explanation and illustration. Use the default settings for the retracement fibs. You will have to change the levels on the expansion fibs to the levels shown on Cindy's post. Hope this helps.

regards
pippocket
  • #3,316
  • Mar 26, 2008 3:56pm Mar 26, 2008 3:56pm
pippocket thanks for your reply but i think there is something missing cuz earlier Harold said that one of the advantages of this method that it gave him 2:1 R:R and sometimes better and if you looked at the picture attached for instance this wont be the case cuz the price had retraced to 50 level so your target would be lets say 1.618 and in that case you'd be risking 145 pips to get 90 , also when i read and saw Harold replies when he was explaining it his fibo didn't match with mine, i know it says 1.27 and 1.68 on his pictures but when i drow it , it gave me different levels and i'm not talking about 2 or 3 pips that might be broker difference also i had more questions on earlier post like how much is enough as a SL, like lets say the point 3 that you'll hide your SL behind it is like this case 145 pips would you still take the trade..thats why i keep asking i hope some one will answer me thanks again.

My earlier post "
Originally Posted by cementman http://www.forexfactory.com/images/buttons/viewpost.gif
Harold would you please guid me through how you set up your targets with Fibo's cuz i looked through every picuture here and there seem to be something wrong cuz my trgets and line are totaly different so i'll appreciate if you or one of the guys here attached a pic. of your fibo properties alsoi didn't get how you drow them from 1 to 2 then 2 to 3, do you mean that if the 2-3 pullback were like 0.5 from the 1 to 2 move you will set up your targets accordingly and if so what are the ratios , i mean is there a schedule that i've missed that says 38 and 50 pullbacks that would make the target 1.61 or 2 , if so where is that please, also one last question what if the stop loss that is now being below or over the point 3, what if its like 80 pips or so is there any certain rules now with the new modification that says we shouldn't trade a pair if the SL is more than what ever or we just trade it cuz the R:R is higher than thge old version..i hope i'm not asking too much ..and what ever your answers r i just want you to know this is one of the best i've seen in years and i've been trading for 10 years now and wahts more important is that you're a very helpfull and sharing person that i wish the world would have a lot like you..TIA and God bless"
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 47 KB
Click to Enlarge Name: 2.gif Size: 47 KB
  • #3,317
  • Mar 26, 2008 8:30pm Mar 26, 2008 8:30pm
Cementman

I will try to answer your question, although I am still new to this. Maybe one of the senior members here can comment on my answer. Looks to me like you are only using retracement fibs. We use retracement fibs drawn from point 1 to point 2 to measure the pullback to point 3. Then use expansion fibs drawn from point 1 to point 2 and double click on it to get white circles. Now you can pull the second leg of the fib to point 3. You will have to change the fib expansion levels to 127.2, 161.8, and 200. If you are not sure how to get expansion fibs click on insert at the top, then click fibonacci, then expansion.
I hope this explanation along with Cindy's diagrams will clear this up for you.
The stop loss has to be either above or below point 3, depending on long or short. Sometimes this will be a large stop so I think it is up to the individual trader as to their own risk tolerance. If it is more than you are comfortable with my suggestion would be to pass on that trade. There will always be more trades to take. Also if you read the last week or two, it was suggested by someone here (sorry I can't remember who) to drop down to the 5 min time frame in cases of large stops to get a better entry with a smaller stop.
Sorry I do not recall all the details. Hope this helps.

regards
pippocket
  • #3,318
  • Mar 26, 2008 9:28pm Mar 26, 2008 9:28pm
Cementman

I think pippockets has said it as clearly as possible and if it's still confusing to you you should come to the trading room and watch a demonstration because sometimes its hard to understand such a visual thing in words...

Also Harold did say he sometimes gets 2:1 R:R but usually it is closer to 1:1 there are techniques you can use like pippocket mentioned using the 5 in chart in conjunction with the 15 min chart to get better r:r...

But the fact is with a high win rate 1:1 is enough

Anyway I suggest if you still have questions to stop postingthem in the forum and come to the trading room where someone can show you what you are asking.

Mr. C
Time hides Nothing
  • #3,319
  • Mar 26, 2008 9:41pm Mar 26, 2008 9:41pm
Hi Cementman,

We always try to get at least a 1:1 RR before we tarde. You should also be able to achieve a 60% or better win percentage if you follow the methodology. As long as your losses are 1:1 or less you should be able to make some pips. There's certainly plenty of information available in this thread that you should have a basic understanding of the methodology if you've read it.

I would suggest that you visit the Trading Room if you have additional questions.
  • #3,320
  • Mar 27, 2008 6:20am Mar 27, 2008 6:20am
Quoting CindyXXXX
here is my template if ya want it - no charge
Cndy, thanks a lot! This is quite useful
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