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Trend Finder Daily

  • #201
  • Jun 19, 2008 6:54pm Jun 19, 2008 6:54pm
Heres an example of how i'm using qlock:
Attached Image
  • #202
  • Jun 19, 2008 7:01pm Jun 19, 2008 7:01pm
June 20th 2008
No new trades today.
  • #203
  • Jun 19, 2008 7:08pm Jun 19, 2008 7:08pm
Quoting Bull101
Heres an example of how i'm using qlock:
thanks for the link as i found out by myself a few min ago, thats exactly the problem... london is not gmt... seems they also have daylight saving time...

u know what? even if i look at the chart, at the same time u do... my fu***ng chart looks different... sure it does, since my candle is already 3 hours old... so my indicators tell different story... but from what i found online u cant change that in metatrader... but there will be a solution...

so far, thanks for ur help... really wanna know now if u got any signals, coz i didnt for today...
My charts look like the Matrix
  • #204
  • Jun 19, 2008 7:09pm Jun 19, 2008 7:09pm
Quoting GCash
man, i go crazy with timezones... i think there is something wrong with that time my microsucks windows provides... im in central europe so usually i should have gmt +1, but since we have daylight saving time its an extra hours, making us gmt +2... but now the 2nd clock ive set on my computer shows only 1 hour difference... man, i hate it...

so... thinking in solution, u say u open ur trades at gmt 0... or in other words at FF 8:00pm... right...?

just want to go hand in hand with ur system for that, since i think that time is an important variable...
I go crazy as well .............I´m in central europe time zone and that´s why I´m using GMT+2 broker......most of days cant be up until GMT,so I´m sticking to GMT+2 open candle.
  • #205
  • Jun 19, 2008 7:14pm Jun 19, 2008 7:14pm
What do you think?

Short CHF-JPY


http://img82.imageshack.us/img82/9425/chfjpypq9.jpg
  • #206
  • Jun 19, 2008 7:22pm Jun 19, 2008 7:22pm
Quoting MisgavLadach
What do you think?

Short CHF-JPY


http://img82.imageshack.us/img82/9425/chfjpypq9.jpg
Hello,

That is a valid short for your broker. I would be careful though, as I said, I haven't tested the system using any other opening time zone than 0:00gmt.

Bull101
  • #207
  • Jun 19, 2008 7:37pm Jun 19, 2008 7:37pm
hi misgavLadach, im really glad ur sharing my problem hehe

bull, i understand what u say, that u dont know about results tested with other times for candle open... since ur doing that for quite some time and it works we shouldnt try to change it...

i think u said in an earlier post that u dont trade sunday candles, or only if theyre big... so u see... thats f.e. a difference, if ur candle starts 5pm est... there are no sunday candles.... since 5pm est is start for australia and forex day...

maybe there is some nice mql4 code that can help to resolve that... ill think about it while im sleeping...
My charts look like the Matrix
  • #208
  • Jun 19, 2008 7:45pm Jun 19, 2008 7:45pm
Bull....how about Eur/Gbp? On my ODL MT4 chart this is the second day for a red bar on the AO, but the Stoch Histogram bar just changed from green to red. The green Stoch bar is almost microscopic....but is there. Whatcha think?
  • #209
  • Jun 19, 2008 7:55pm Jun 19, 2008 7:55pm
Quoting GRPip
Bull....how about Eur/Gbp? On my ODL MT4 chart this is the second day for a red bar on the AO, but the Stoch Histogram bar just changed from green to red. The green Stoch bar is almost microscopic....but is there. Whatcha think?
Hello gbpip,

Since we still have a long on this pair, I have ignored this signal. I will allow our first long trade to run its course before I begin looking for another signal to enter this pair.


Thanks,
Bull101
  • #210
  • Jun 19, 2008 9:34pm Jun 19, 2008 9:34pm
Buuuutttt..... wouldn't a valid short signal be the end of the long trade? In other words, wouldn't the two indicators turning against the trade be the signal to exit all positions long, and enter short?

Is it because the one indicator is just BARELY red... (very small bar....) as I look at it now, about 0230 gmt, the very short bar has grown to be a decent red bar.... Seems like a clear signal now???

thanks for the clarification in advance... still learning over here!
  • #211
  • Jun 19, 2008 9:46pm Jun 19, 2008 9:46pm
Caught the foolishness in this method today.... the bar colors do change within 24 hours. Do not waste your time unless you base it on closed bars. This thread will die within 15 days. So long!
  • #212
  • Jun 19, 2008 9:58pm Jun 19, 2008 9:58pm
Quoting mrkam
Buuuutttt..... wouldn't a valid short signal be the end of the long trade? In other words, wouldn't the two indicators turning against the trade be the signal to exit all positions long, and enter short?

Is it because the one indicator is just BARELY red... (very small bar....) as I look at it now, about 0230 gmt, the very short bar has grown to be a decent red bar.... Seems like a clear signal now???

thanks for the clarification in advance... still learning over here!
Hello,

The reason I do this is because I see all trades out until they run their full course. Regardless of what I see, if the first trade has not closed yet, I allow all trades to continue running their course.

If that doesn't clear it up, please let me know

Bull101
  • #213
  • Jun 19, 2008 9:59pm Jun 19, 2008 9:59pm
Quoting FXHOUND
Caught the foolishness in this method today.... the bar colors do change within 24 hours. Do not waste your time unless you base it on closed bars. This thread will die within 15 days. So long!
This is correct, the bars can change colors during the day. However I have found that using this system, and waiting for bars to close creates late entries, and overall less profit, as you would have seen if you had read the thread.

Thanks for your time and input,
Bull101
  • #214
  • Jun 19, 2008 11:08pm Jun 19, 2008 11:08pm
Quoting Bull101
This is correct, the bars can change colors during the day. However I have found that using this system, and waiting for bars to close creates late entries, and overall less profit, as you would have seen if you had read the thread.

Thanks for your time and input,
Bull101
How gracious =D
  • #215
  • Jun 19, 2008 11:45pm Jun 19, 2008 11:45pm
Back to post 212... still a bit confused... You wait for the long trade to "run it's course..." before looking for a Short... I didn't explain myself well...

Doesn't the valid short signal "end the course" for the Long trade? ... so don't the indicators both turning red at the beginning of the new day (or within the 10min window), constitute the long trade "running it's course"?

Maybe I don't understand the full "life" of a trade with this system... what "running it's course" really is. Here is how I understand how a trade closes out, other than hitting the SL, or BE Stop. Trade is in two parts. The first half closes at +100p, the 2nd half closes when you get a valid signal the opposite direction... (which is what we have here...)...

Or maybe the confusion is in the brokers... the broker/trade in question is on a different time than GMT, so the signal may be different than yours... Are you saying that for your broker, you didn't get a valid Short? If so, then you would indeed ignore that trade, and wait for a valid short on YOUR brokers' chart...

Maybe that's it...

and to FXHOUNDs comment about waiting for closed bars.... as I understand it, that is EXACTLY what Bull does (and we are learning to do)... Wait for the new day, 0000gmt, on any broker that is on GMT, this is when the previous day bar CLOSES, and the new day bar starts. At that instant, the indicators for the new bar are the same as the CLOSED bar, so you are looking at the CLOSED bar. If we have a new signal we enter. If not, we give the new bar a 10min window to change to give us a signal. If it does, and we get a valid signal within those first 10 min, we enter. If not, we are done for the day, and wait for the next day, at the CLOSE of this days bar... do it again.. .right??
  • #216
  • Jun 20, 2008 1:05am Jun 20, 2008 1:05am
Quoting Bull101
I do not wait for the candle to close. I analyze the charts when the candle opens. If there is a signal, I take it. I trade this on all available pairs.
Post nº 12
  • #217
  • Jun 20, 2008 1:45am Jun 20, 2008 1:45am
Quoting Bull101
Hello David,

For open trades:
It depends on what point the trade is in. If the break even has been set, I will usually just let it run. If there is the original -100 stop loss, depending on how far above 0 it is, I will set a break even stop loss early. If the trade is negative, I will usually just close it.

When there is major news coming out, I will post exactly what I am doing about it.

Hope that clears it up, if not, let me know,
Bull101
Hi Bull thanks for the info

David
  • #218
  • Jun 20, 2008 2:23am Jun 20, 2008 2:23am
Quoting FXHOUND
Caught the foolishness in this method today.... the bar colors do change within 24 hours. Do not waste your time unless you base it on closed bars. This thread will die within 15 days. So long!
If you add a crossing MA 1 crossing a MA 1 with a +1 shift you would have a good signal to go with this. At the cross wait for his signals with the histograms and go with the trade. If price goes above the MA lines you can consider getting out. It is about the same as drawing a tight trend line. When the trend line is broken go with it. when it unbreaks bail out. I dont think this method is foolish at all. I prefer a 4H chart better but 1 day is cool.
  • #219
  • Jun 20, 2008 5:47am Jun 20, 2008 5:47am
Quoting nanningbob
If you add a crossing MA 1 crossing a MA 1 with a +1 shift you would have a good signal to go with this. At the cross wait for his signals with the histograms and go with the trade. If price goes above the MA lines you can consider getting out. It is about the same as drawing a tight trend line. When the trend line is broken go with it. when it unbreaks bail out. I dont think this method is foolish at all. I prefer a 4H chart better but 1 day is cool.


this can be helpful. i notice it with EMA, it is an ema right ?
Twitter: @forexpokerpro
  • #220
  • Edited 9:03am Jun 20, 2008 8:49am | Edited 9:03am
Quoting BBPI_fxtrader
this can be helpful. i notice it with EMA, it is an ema right ?

with a 1 it makes no difference what you use but I usually use LWMA it reacts the quickest of all of them. If you use open it makes a nice trendline, when the trendline is broken you can look to go the other way or exit your trade. Notice in the pic how the yellow line makes a nice trend line on a daily chart. With other time frames you would change the numbers.

If price is above the yellow its a buy, below the yellow its a sell. The indicator confirms the trend and you can go. If price goes above the yellow on a sell you can look to get out of the trade, you dont have to wait the 100 pips. It gives you an indicator to enter or exit the trade. With the MA it just gives you one more visual thats quicker than his signals but you will also get some false signals also so his becomes a good filter.
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