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Signals for Simplicity

  • #861
  • Oct 31, 2008 12:08am Oct 31, 2008 12:08am
Quoting charvo
Pipo, thanks for this indicator.

However, I found that it seems it cannot capture the indicator window.

please see my attached picture below. The place where Orest Indicator is now a total blank.

anyone else has this problem?
Ok, try his one it is an EA so place it into the expert folder.
Attached File(s)
File Type: mq4 SnapShotEA.mq4   2 KB | 519 downloads
  • #862
  • Oct 31, 2008 12:47am Oct 31, 2008 12:47am
Slade,
have you been using BasketBars indicator? It's very helpful along with other tools for identifying reversals. Creator suggested 15min tf, but I think it's too short for catching the train.

Meanwhile I was thinking like you guys - general trend is still SHORT, it was some kind of reversal from short LONG trend and I went all basket SHORT. Now I'm down 7K pips (demo). Should just have close it, but keep it open to see what happenes.


Quoting slade
Looks like I missed out on a huge LONG basket trade over the past couple of hours. Did anybody catch that? I have to say that I am still biased in favor of following the direction of the longer time frames and have not developed a good method for knowing when the reversal is in place. It started with a revolt on the shorter time frame (30M)...all were SHORT and then 30M went long. Then as the move progressed, each time frame gave in and changed to LONG, all the way up to This Week, although 12 hour is still showing SHORT on my Orest indi.

If you think about it, these reversals have to start somewhere, right? I would think that they move out from the middle, and on the smallest time frame that...
  • #863
  • Oct 31, 2008 12:51am Oct 31, 2008 12:51am
Let's not forget is what times we live in.
When the dust settles down it would be rather ranging market.


Quoting charvo
That is exactly my ultimate doubt.

Many in this thread yelling about winning 300$, 1000$, 3000$ per day. That's no big deal really. During these 2 months, when you invest 2000$ (1.5 lot in MT4 with 200:1), isn't a simple MA system also capable of this?

Don't get me wrong, i'm absolutely NOT saying this is not a good system. This is great!

but we need time and patience to watch it and understand.
  • #864
  • Oct 31, 2008 2:23am Oct 31, 2008 2:23am
Quoting Orest
Let's not forget is what times we live in.
When the dust settles down it would be rather ranging market.
Christmas is the greatest test of all mechanical systems. I just turn my EAs off till new years
  • #865
  • Oct 31, 2008 3:34am Oct 31, 2008 3:34am
Quoting Orest
Slade,
have you been using BasketBars indicator? It's very helpful along with other tools for identifying reversals. Creator suggested 15min tf, but I think it's too short for catching the train.

Meanwhile I was thinking like you guys - general trend is still SHORT, it was some kind of reversal from short LONG trend and I went all basket SHORT. Now I'm down 7K pips (demo). Should just have close it, but keep it open to see what happenes.
you should have stop loss of around 50 pips per pair dude, so if ur basket fails just wait it out for the next bets entrance- also it was sorta ranging when u entered so that was bad timing for entrance-

but you must be doing well if u still kept ur trades open! there was a strong short trend just few hrs bak- though hard to see whether it will retrace or not now--

my 2c
  • #866
  • Oct 31, 2008 4:53am Oct 31, 2008 4:53am
Thanks to T101 for the system and to all the programmers for the great indicators. And of course the discussion around setup and execution. I've been following T101 since the first week of the old thread, but have no courage to post until now.

What I've been doing with this system is simple, since I got little time to spare for trading and I'm with Oanda, so manual is the only way to go. Orest's indicator v.12 is what I'm using for the basic observation. For execution (entry/re-entry) I use zznbrm dashboard and change the reference date according T101 basket indicator crossover (2/4 periods) and/or smJones basketbar (if necessary) to see the basket strength since that exact time of reference. Basic observation confirmed only when Weekly, Day, H4 and H1 is in agreement. A bit confirmation of the general trend can be obtained from T101 basket indicator with 40/50 periods. I always go with the general trend. Unless there's a big ripple starting from the lowest timeframe that changes all timeframes up to the Daily that indicates reversal, like the uptrend this week. I've been riding it Long until yesterday. Trend always changes from the lowest timeframe from what I observed (Swingman's dashboard easily show this to you).

No confirmation, no trade. I just leave the box and check back when I got time if no open position, or at least once a couple of hours if I got a basket in the market. I go with all 14 pairs. Scalping and re-entry most of the time give me quite the frustation for the wait, but it is worth it. Demo of course. One with 1000 unit for each pair, another with 20 unit.

Today back to Short I guess.

Happy basket trading folks.
  • #867
  • Nov 1, 2008 12:12pm Nov 1, 2008 12:12pm
Quoting darksoul
...

... For execution (entry/re-entry) I use zznbrm dashboard and change the reference date according T101 basket indicator crossover (2/4 periods)

What time frame did you use with this T101 Basket_Indicator? And does this "2/4 periods" mean Per=2 and Per1=4 inside the Basket_Indicator's property?

and/or smJones basketbar (if necessary) to see the basket strength since that exact time of reference. Basic observation confirmed only when Weekly, Day, H4 and H1 is in agreement. A bit confirmation of the general trend can be obtained from T101 basket indicator with 40/50...

Again, what time frame did you for this 40/50 setting? And, 40 = Per, 50 = Per1 in the property?
Hello darksoul, thank you for posting your observations. Could you please clarify the highlighted question above?
Thank you.
Wish you get more pips with this awsome basket mMethod.
  • #868
  • Edited 10:04pm Nov 1, 2008 10:03pm | Edited 10:04pm
Quoting TickJob
looking at the screen capture every 5 minutes of past 1-2days:
http://www.tickjob.com/T101/T101IB-23-Oct.pdf

sometimes 1-hour lead the trend, and sometimes 4-hour or long timeframe lead the trend, could smeone suggest how can we determine which one to follow?
Merry day, Tickjob...

Thanks for posting this great information!

My research indicates that the big WAVES drive the little waves. In WAVES trading system, we look for 1M price action to align with 30M and 1H timeframes, best if all timeframes in between are also aligned. Look here for clear examples:

http://www.forexfactory.com/showthread.php?t=116892

Prosperous regards,

George
  • #869
  • Nov 2, 2008 1:01am Nov 2, 2008 1:01am
Quoting trader101
A question could be raised as to when we are suppose to close the trades.
We will close the trades because of the following:

1) It has already attained the the exact pair positions as with the other column on its left.
2) Friday market is closing, dont like to keep my trade over the weekend.
3) Tired of winnings and want to sleep already. LOL

That positioning will continue until it represent the same position as the other columns. Also you must note that in same cases the normal journey of those pairs could be interrupted by some reason only the market know. But overall that is their moves. There are also cases that due to a very strong trend and the shaking of the market will disturb the...
Julius, thanks for this unique idea of trading. I'm still catching up many pages down and I would like to know your view on jumping pairs. How do you know that the jumping pairs is the correct signal for trading those tandems? You said that the jump may be caused by trend reversal. How do you identify that the jump would not be a trend reversal?
Thanks in advance.
  • #870
  • Nov 2, 2008 1:35am Nov 2, 2008 1:35am
Quoting richest
Julius, thanks for this unique idea of trading. I'm still catching up many pages down and I would like to know your view on jumping pairs. How do you know that the jumping pairs is the correct signal for trading those tandems? You said that the jump may be caused by trend reversal. How do you identify that the jump would not be a trend reversal?
Thanks in advance.
wow u r cool man
Winners never quit and quitters never win. Vince Lombardi
  • #871
  • Edited 5:56am Nov 2, 2008 5:40am | Edited 5:56am
Hello
I will conduct a quick lecture on the question by TickJob (see link below) at around 13:00 ish EST today. I will explain it not only to TickJob but also to those interested. Make sure you download the two files made available by TickJob in the post. That will be the basis of my discussion. This is an invite only. If you are not included do not insist. Limited attendance only. If i will be late wait for me a little. If you are late you might not be alllowed anymore. You will see me in the msn panel if i am around.

http://www.forex-tsd.com/240899-post187.html

Julius
  • #872
  • Nov 2, 2008 9:27am Nov 2, 2008 9:27am
Quoting trader101
Hello
I will conduct a quick lecture on the question by TickJob (see link below) at around 13:00 ish EST today. I will explain it not only to TickJob but also to those interested. Make sure you download the two files made available by TickJob in the post. That will be the basis of my discussion. This is an invite only. If you are not included do not insist. Limited attendance only. If i will be late wait for me a little. If you are late you might not be alllowed anymore. You will see me in the msn panel if i am around.

http://www.forex-tsd.com/240899-post187.html

Julius
Welcome back Julius
Failure, is a wonderful teacher!
  • #873
  • Nov 2, 2008 1:22pm Nov 2, 2008 1:22pm
My mistake. The 2/4 period should be 24/4 period that is Per=24 and Per1=4 of the T101 basket indicator's properties. No fast typing for me. Sorry .

The other one is Per=50 and Per1=40.

Timeframe H1.

There's no big different really, which value goes to Per and which goes to Per1. Just the lines got switched that's all. All I care is the crossover to signal me for a potential time for entry. Then back to the IA indicator.

I put the basket indicators on top of each other in one window, as attached pic shows. The dashed one is 40/50 period.
Attached Image (click to enlarge)
Click to Enlarge Name: setup.gif Size: 23 KB
  • #874
  • Nov 2, 2008 4:00pm Nov 2, 2008 4:00pm
Hi Julius.

I have been away for the last week and just returned home.. Seems like it has been another crazy week on this and Orest's thread ???.

I really hope you choose to continue sharing your ideas and thoughts here. They are much appreciated by all.
  • #875
  • Nov 2, 2008 7:06pm Nov 2, 2008 7:06pm
Quoting trader101
Hello
I will conduct a quick lecture on the question by TickJob (see link below) at around 13:00 ish EST today. I will explain it not only to TickJob but also to those interested. Make sure you download the two files made available by TickJob in the post. That will be the basis of my discussion. This is an invite only. If you are not included do not insist. Limited attendance only. If i will be late wait for me a little. If you are late you might not be alllowed anymore. You will see me in the msn panel if i am around.

http://www.forex-tsd.com/240899-post187.html

Julius

Anyone who attended care to elaborate or share what they learned?
  • #876
  • Nov 2, 2008 8:47pm Nov 2, 2008 8:47pm
Guys,
I am implementing what we discuss. Remember that this trend flow identification could give us no less than a 1000 pips a day. See attached sample of todays trade.

Mike - is this the one you are looking for? A sample of Entry...with all the trend flowing long. I enter Long and reached already the assumption of 1000 pips a day. Its not even a complete day in Singapore yet.

Also take note that this a long term trading. The DD is almost neglegible.
Julius
Attached Image (click to enlarge)
Click to Enlarge Name: lterm2.GIF Size: 91 KB
  • #877
  • Nov 2, 2008 9:21pm Nov 2, 2008 9:21pm
Thanks again Julius !
  • #878
  • Edited 9:09am Nov 3, 2008 8:15am | Edited 9:09am
thanks Julius.My question is for example when M5 changes from Short to Long and the other TF's shows Long you enter or something like that

or not, whenever you see all TF's show Long you enter.Doesn't matter for How long they've been showing Long.

I hope you get me.For example for me to entry I am sitting at computer and wait H1 change the direction(Retracement) and when it come back in direction of H4 I enter.

That means I have to monitor Oresto Indi all the time(No alert yet)

So I think it should something(Some change) that you consider to enter.
What is that?

When M5 retrace or M15 or something like that?

Thank you again for all your effort and Time
Mike
Attached Image(s) (click to enlarge)
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Failure, is a wonderful teacher!
  • #879
  • Nov 3, 2008 10:55am Nov 3, 2008 10:55am
AP
Ahead of the Bell: Costco Wholesale
Monday November 3, 9:20 am ET

Analyst expects Costco same-store sales will slow due to lower gas prices, stronger dollar, smaller T101 shopping sprees.


http://biz.yahoo.com/ap/081103/apfn_...bell.html?.v=1



  • #880
  • Nov 3, 2008 2:53pm Nov 3, 2008 2:53pm
Quoting darksoul
My mistake. The 2/4 period should be 24/4 period that is Per=24 and Per1=4 of the T101 basket indicator's properties. No fast typing for me. Sorry .

The other one is Per=50 and Per1=40.

Timeframe H1.

There's no big different really, which value goes to Per and which goes to Per1. Just the lines got switched that's all. All I care is the crossover to signal me for a potential time for entry. Then back to the IA indicator.

I put the basket indicators on top of each other in one window, as attached pic shows. The dashed one is 40/50 period.
Thanks for the clarifications, darksoul.
Happing pippin' to all.
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