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  • #161
  • Aug 26, 2008 1:15pm Aug 26, 2008 1:15pm
Did i forgot to tell you i entered short on the pin bar on NZD/JPY on weekly with small lot ..well brothers that one i entered because a pin bar on the retest of the trendline indicates a good trade for me i have locked in few pips with target i will decide on the monthly close of the pair ..
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  • #162
  • Edited 8:58pm Aug 26, 2008 8:45pm | Edited 8:58pm
Using BullShit

BullShit is basically a trend catcher indicator, which analyzes the trend and gives the best option when to enter either 'LONG or SHORT.

The Bull is the buying power and the Shit is the selling power of the current candle, so this is totally independent of the timeframe or the pair used. It can be used for anything - forex, commodities, futures, equities, indices, .....


When to enter?

Try to enter when bullshit is warm and fresh

That is, try to enter when the bullshit changes direction, because this is the beginning of a new trend.


How to know the Strength of a Trend?

BullShit has a scale of 0 to 10+. Near 0 the trend is weak and there is a possibility of reversal, above 1 the trend is strong. Stronger the trend, more number of pips can be earned from the trade, and chances of reversal are the least.


How to locate exit or reversal points?

When either Bull or Shit is below 0.0005 then it means there is a possibility of trend reversal as the strength here is the lowest, a simple news event can break the trend in this event.


What about consolidation?

When bull shit says "no signal on 5 and 15 min charts, then it means we are in strong consolidation phase and trading is to be either avoided, or done carefully.


So, remember to enter when bullshit is warm and fresh
Attached File(s)
File Type: zip anchorfx_BS.zip   2 KB | 413 downloads
  • #163
  • Aug 26, 2008 10:25pm Aug 26, 2008 10:25pm
Quoting Simpleforex
Did i forgot to tell you i entered short on the pin bar on NZD/JPY on weekly with small lot ..well brothers that one i entered because a pin bar on the retest of the trendline indicates a good trade for me i have locked in few pips with target i will decide on the monthly close of the pair ..
Good job bro!!

keep it going
  • #164
  • Aug 27, 2008 4:35am Aug 27, 2008 4:35am
Quoting forexlion
Congrats Simple, Good Job

I love your analysis.
Brother Preet, you are one of the awesome traders in india i have seen over time

You are innovative in the new approches and the market trends with your deep with reason analysis which very few forex traders in india [or should i say world!] have.
You sit in the line of the few traders who can be counted on as successful [or the broker killers ].
I am just a simple trader with my simple analysis that had helped me over so long a time to stay in the forex markets!
NOTE TO ALL FELLOW TRADERS:
EXPERIENCE WITH OBSERVATION MATTERS A LOT ....AS ALWAYS REMEMBER WE ARE STUDENTS OF THE NATURE [HERE MARKET] TILL WE DIE! HAPPY TRADING TO YOU ALL!
  • #165
  • Aug 27, 2008 4:51am Aug 27, 2008 4:51am
Hey... I am Indian too on my great grandmothers side, twice removed, or something like that..

Seriously though, If I may jump in here, what would be great for the BS indicator is a sound/ email alert when the status changes.

Also, I noticed a slight quirk. If you save a template with the indicator, you still have to reload/re-install the indicator to get the correct/current readings. Not a big deal though, but just to be aware of.

Good job (although a little embarrassed when mother comes over my shoulder to see what I'm doing).
  • #166
  • Aug 27, 2008 8:44am Aug 27, 2008 8:44am
thank you for sharing!

since yesterday i'm testing your anchorfx_BS...

it works fine except 2 litle bugs i got:

1. anchorfx_BS USDJPY,M5: object name passed to ObjectSetText function cannot be an uninitialized or empty string

2. anchorfx_BS USDJPY,M5: invalid integer number as parameter 4 for ObjectCreate function

i'm using fxdd-metatrader and don't know if anybody else got the same report...this make huge logfiles - above 100 MB...this can let the metatrader to freeze...

but i would like to use them furtermore, if this litle bugs can be adjusted...

again thank you for sharing!

regards
cado
  • #167
  • Aug 27, 2008 10:44am Aug 27, 2008 10:44am
Bullshit-...... Its Not always warm and fresh. lol
  • #168
  • Aug 27, 2008 2:41pm Aug 27, 2008 2:41pm
does this bullshit indicator have alerts? I mean how would you at what stage of the signal you are at?

Looks good from what I see.. need to test more
  • #169
  • Aug 28, 2008 7:00am Aug 28, 2008 7:00am
is it possible for one of us to post a daily fundamental analyss of all news events.
  • #170
  • Aug 28, 2008 9:12am Aug 28, 2008 9:12am
Quoting forexlion
is it possible for one of us to post a daily fundamental analyss of all news events.
Really good idea..difficult for me to do it regularly besides personal analysis may also not be very suitable........any improvisation??
  • #171
  • Aug 28, 2008 2:25pm Aug 28, 2008 2:25pm
Quoting Prettrad
does this bullshit indicator have alerts? I mean how would you at what stage of the signal you are at?

Looks good from what I see.. need to test more
any suggestions?
  • #172
  • Aug 28, 2008 10:16pm Aug 28, 2008 10:16pm
Quoting Prettrad
any suggestions?
none, i do not know how to add alerts, cause if i do it the normal way then it will alert every tick which can be a nuisance.
  • #173
  • Aug 30, 2008 3:56pm Aug 30, 2008 3:56pm
correction

post #162 should read " dependent on timeframe used "

so the bullshit will be different on different timeframes.

bullshit for GJ has gone into reversal on monthly with it saying "no signal" which means that uptrend in the month of september can be seen, so be very careful with your shorts.
  • #174
  • Aug 30, 2008 4:07pm Aug 30, 2008 4:07pm
hey fxlion do u know abt candlestick patterns?
I didnt expect u to be awake @ 3 in da morn in india
  • #175
  • Aug 30, 2008 4:11pm Aug 30, 2008 4:11pm
Quoting bksujal
hey fxlion do u know abt candlestick patterns?
I didnt expect u to be awake @ 3 in da morn in india
nope, i find candles boring.

i prefer mathematical systems instead.

i was watching 'big boss' on colors, hence did not sleep.
  • #176
  • Aug 30, 2008 4:15pm Aug 30, 2008 4:15pm
hw do u find big boss? Ok now being more serious do you trade from the shorter time frames or only trade from the longer ones?
  • #177
  • Aug 30, 2008 4:25pm Aug 30, 2008 4:25pm
ok lets get a bit serious talking about eur/usd I am flat for this week. Since it is correlated to oil and gold and with hurricane Gustav on its way to the gulf its impact remains to be seen. Your thoughts ppl?
  • #178
  • Aug 31, 2008 7:00pm Aug 31, 2008 7:00pm
Added one more parameter to the bullshit indicator the LionsTail

this is the stop loss level on the current timeframe for the current candle for the trade given by the bullshit indicator, beyond this the trend will reverse.

I felt the need for this based on necessity to keep an exit avenue should things go wrong.

So far, bullshit has given me 99% green trades. One of the best indicators that i have written so far.
Attached File(s)
File Type: zip anchorfx_BS.zip   3 KB | 558 downloads
  • #179
  • Sep 1, 2008 11:04am Sep 1, 2008 11:04am
Quoting Simpleforex
Hello all Indian brothers,
i am not a big trader but a small one i am trading for last 2 years with live acct and i trade monthly and weekly charts
Here is my view on GJ which is the reason i am holdin my short for quite a long time
would love to here comments from you


I AM LOVING IT!

ARE U TOO?
  • #180
  • Sep 1, 2008 11:08am Sep 1, 2008 11:08am
Quoting Simpleforex
Hello all indian brothers hows trading on
GOOD DAY TO YOU ALL!

I am just following my simple trades adding shorts with each retrace on GJ and getting out when i see a low formed except for the trade that i hold short from 210 with target of 190 ...

GET GOING INDIANS!
Hello brothers ,
how are u doing?
my shorts are good but i am looking at the GAP ON all timeframes over the weekend on GJ which usually gets filled
so we may see a move to close the gap soon ...so be aware and happy pipping!
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