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  • #3,221
  • Aug 22, 2008 6:34am Aug 22, 2008 6:34am
Quoting faq123
Could you please explain what you mean by lock trade?

Thanks,
"Lock" is an expression used in gambling when it's a "sure thing".

As in, "BET ON SEABISCUIT IN THE NIGHT. IT'S A LOCK".
  • #3,222
  • Aug 22, 2008 6:39am Aug 22, 2008 6:39am
What you guys reckon about this EURJPY resistance zone, it has been active the last two weeks providing both support and resistance on several occasions (perhaps a bit too busy), and the last touch resulted in a 200 pip bounce down. Certainly an area worth keeping an eye on but I will not enter blindly.


I've got a little more confidence in USDJPY retesting historic support turned resistance in the second chart though, although it appears to be breaching it as I type, I'll be observing price action on lower time frames on both.


If either/both break then a retest could offer a good opportunity to get in on the long side.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euryenresistance.gif Size: 17 KB
Click to Enlarge Name: usdyenresistance.gif Size: 21 KB
  • #3,223
  • Edited 9:21am Aug 22, 2008 6:40am | Edited 9:21am
Attached Image (click to enlarge)
Click to Enlarge Name: !!nobrain.gif Size: 19 KB


Since BRV publicly stuck up for me, I made a little deal with the original author of this indicator. I asked if I could modify one of his indicators and share it with you and he agreed to let me post the .ex4 file.

So in keeping with the "spirit" of the NO INDICATORS WANTED folks in this thread, cm_NB_SR_Alert will alert you when the price hits your USER ENTERED price level. What this means is after you HAND DRAW your support and resistance lines, you can enter those values or ones close to it, and cm_NB_SR_Alert will sound the alert when the current price equals one of your alert price levels. You can also use a different color for each level to help identify what it means. If things get too noisy, you can set the SOUND.ALERT input to false.

cm_NB_SR_Alert displays the price(s) you entered and how many pips the current price is above/below the price(s) you entered.

cm_NB_SR_Alert should allow you to do other trading chores and not miss any BRV entry opportunities. Just remember not to mute your sound So when BRV posts the levels, all you have to do it enter those price levels on the appropriate chart, sit back, wait and listen for the alert to go off. It doesn't matter which time chart period you use.

Perhaps some of you might just give it a try.

P.S. Let me know if you find a bug or if you have an idea to improve it.

REVISED 2008.08.22 9:07 EST - fix delete all objects
REVISED 2008.08.22 10:21 EST - prices set to 0
Attached File(s)
File Type: ex4 cm_NB_SR_Alert.ex4   26 KB | 693 downloads
  • #3,224
  • Aug 22, 2008 7:09am Aug 22, 2008 7:09am
Quoting CodeMuncher
"Lock" is an expression used in gambling when it's a "sure thing".

As in, "BET ON SEABISCUIT IN THE NIGHT. IT'S A LOCK".
Well that explains it. Never had much to do with horse racing or gambling.

Thanks,
  • #3,225
  • Aug 22, 2008 7:39am Aug 22, 2008 7:39am
Quoting CodeMuncher
Attachment

Since BRV publicly stuck up for me, I made a little deal with the original author of this indicator. I asked if I could modify one of his indicators and share it with you and he agreed to let me post the .ex4 file.

So in keeping with the "spirit" of the NO INDICATORS WANTED folks in this thread, cm_NB_SR_Alert will alert you when the price hits your USER ENTERED price level. What this means is after you HAND DRAW your support and resistance lines, you can enter those values or ones close to it, and cm_NB_SR_Alert will sound the alert when the current price equals one of your alert price levels. You can also use a different color for each level to help identify what it means. If things get too noisy, you can set the SOUND.ALERT input to false.

cm_NB_SR_Alert displays the price(s) you entered and how many pips the current price is above/below the price(s) you entered.

cm_NB_SR_Alert should allow you to do other trading chores and not miss any BRV entry opportunities. Just remember not to mute your sound So when BRV posts the levels, all you have to do it enter those price levels on the appropriate chart, sit back, wait and listen for the alert to go off. It doesn't matter which time chart period you use.

Perhaps some of you might just give it a try.

P.S. Let me know if you find a bug or if you have an idea to improve it.
CM - You can do this in any mt4 platform by going to "terminal" "Alarm" and then right click "create" - And an alarm wilil go off whe the price lvel you enter is hit... I think someone posted about this earlier
Time hides Nothing
  • #3,226
  • Aug 22, 2008 8:00am Aug 22, 2008 8:00am
Hi CM!

I think one bug is that your alert clears all the objects( fibo, horizontal lines...) from
the chart when you change the the time of the frame .. M15->M30.

arado
  • #3,227
  • Aug 22, 2008 8:02am Aug 22, 2008 8:02am
Quoting CindyXXXX
CM - You can do this in any mt4 platform by going to "terminal" "Alarm" and then right click "create" - And an alarm wilil go off whe the price lvel you enter is hit... I think someone posted about this earlier
Yes, you're correct, but I believe that way is a little "cumbersome" but each to their own. Not to mention, if I am not mistaken, it doesn't show how many pips current price is away from your target.
  • #3,228
  • Aug 22, 2008 8:05am Aug 22, 2008 8:05am
Quoting arado
Hi CM!

I think one bug is that your alert clears all the objects( fibo, horizontal lines...) from
the chart when you change the the time of the frame .. M15->M30.

arado
Thanks arado. I changed it. I will upload the revision in the original post.
  • #3,229
  • Aug 22, 2008 8:15am Aug 22, 2008 8:15am
Quoting CodeMuncher
Yes, you're correct, but I believe that way is a little "cumbersome" but each to their own. Not to mention, if I am not mistaken, it doesn't show how many pips current price is away from your target.
Ok Gotcha - Thanks for sharing
Time hides Nothing
  • #3,230
  • Aug 22, 2008 8:52am Aug 22, 2008 8:52am
Attached Image (click to enlarge)
Click to Enlarge Name: !!nobrain.gif Size: 25 KB


Here's a clear example of price running into resistance based on previous candle's highs and lows. But there's about another 30 pips or so to get to the daily average range. Let's see if price can get through.
  • #3,231
  • Aug 22, 2008 8:53am Aug 22, 2008 8:53am
Quoting CindyXXXX
Ok Gotcha - Thanks for sharing
Let me know if you like it, Cindy. I am thinking about adding a threshold so you can tell it to alert you if current price is within X pips of one of your levels. But it could be real noisy!
  • #3,232
  • Aug 22, 2008 9:07am Aug 22, 2008 9:07am
Here's one that may develop early next week. CAD long between 1.0324-1.0295. I think alif812 may have posted this chart earlier.
Attached Image (click to enlarge)
Click to Enlarge Name: cad long t18.gif Size: 19 KB
  • #3,233
  • Aug 22, 2008 9:19am Aug 22, 2008 9:19am
Quoting ozziedave
Here's one that may develop early next week. CAD long between 1.0324-1.0295. I think alif812 may have posted this chart earlier.
Attached Image (click to enlarge)
Click to Enlarge Name: !!nobrain.gif Size: 23 KB


Thanks. Got my alerts set. 130 pips to go

By the way, I updated the indicator so the alerts are set to 0 instead of my GBPJPY alerts.

http://www.forexfactory.com/showpost...postcount=3223
  • #3,234
  • Aug 22, 2008 9:24am Aug 22, 2008 9:24am
Attached Image (click to enlarge)
Click to Enlarge Name: !!nobrain.gif Size: 25 KB


GJ in the thick of it.. more resistance.
  • #3,235
  • Aug 22, 2008 9:50am Aug 22, 2008 9:50am
Short from 1.0999? It should work to the pip , if it wont hold i'll be looking to get out at breakeven.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.GIF Size: 17 KB
  • #3,236
  • Aug 22, 2008 10:05am Aug 22, 2008 10:05am
Attached Image (click to enlarge)
Click to Enlarge Name: !!nobrain.gif Size: 25 KB


If price isn't going up then it must be....

Looks like if found support in this area.
  • #3,237
  • Aug 22, 2008 10:23am Aug 22, 2008 10:23am
eur/usd moving like molasses, but bleeding all the same. Still short @ 1.4813 and 1.4840. Should have stuck with usd/jpy or gone with swissy instead
  • #3,238
  • Edited 10:35am Aug 22, 2008 10:25am | Edited 10:35am
Quoting CodeMuncher
Attachment

Here's a clear example of price running into resistance based on previous candle's highs and lows. But there's about another 30 pips or so to get to the daily average range. Let's see if price can get through.
Hey CM how many days do you use to calculate the Average daily range?

- I use 15

BTW your charts look nice today without all that spagetti and meatballs on them
Time hides Nothing
  • #3,239
  • Aug 22, 2008 10:43am Aug 22, 2008 10:43am
ANother retest of this long term GU support line which has been active from at least 2005. The last retrace (on the 15th) only moved 250 pips from this line - perhaps indicating it is losing it's significance.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddailysupport.gif Size: 26 KB
  • #3,240
  • Aug 22, 2008 11:22am Aug 22, 2008 11:22am
Quoting CindyXXXX
Hey CM how many days do you use to calculate the Average daily range?

- I use 15

BTW your charts look nice today without all that spagetti and meatballs on them
You can use whatever number you want... I loaded (100) in this case.

RNG(100) means 100 bars.

The average range is in orange in the upper right.

The maximum/minimum range for the period used ( 100 D1 Bars ) is in the upper left.

The current range / period covered / percent of avg is in the middle.

The number of times the range was above/below the current range in blue in the bottom left.

The number of times the range was above/below the average range in purple in the bottom right.

I usually set it to H1 when I am scalping so I know when the bar is about to run out of gas and reverse. It helps me stay in longer, too, because I know how many bars have been larger/small than current bar.

P.S. Cindy, I love spaghetti and meatballs... makes lots of pips.
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