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Attachments: Free from Prediction and Forcast Method (3LB)
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Free from Prediction and Forcast Method (3LB)

  • #81
  • Mar 12, 2007 11:46am Mar 12, 2007 11:46am
Interesting concept. Looks like its able to show the trend most of the times.
  • #82
  • Mar 12, 2007 2:25pm Mar 12, 2007 2:25pm
Can you please explain how to draw those blocks on excel thanks
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  • #83
  • Mar 12, 2007 3:22pm Mar 12, 2007 3:22pm
Quoting Fun Trader
ema62 ................ Yellow
ema30 ................ Blue
ema5 ................ Red

Pivot lines
(and mid pivot for more content traders)
You mean pivot lines in addition to the ema's you just mentioned? How do we get those pivot lines?

Thanks for the help.
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #84
  • Mar 12, 2007 4:05pm Mar 12, 2007 4:05pm
Seems like the strategy is something like this.

The concept of three line break chart is somewhat similar to point and figure chart. It looks like stairs. A new rising line is drawn if the closing price is higher than the previous one. A new falling line is drawn if the closing price is lower than the previous one.


PiP Trader Says
Some traders buy when a green line appears after three adjacent red lines. Some traders sell when a red line appears after three adjacent green lines. Avoid trading trendless market when the lines change between green and red.

Source: http://www.piptrader.com/forex_educa...reak_chart.asp
  • #85
  • Mar 12, 2007 4:21pm Mar 12, 2007 4:21pm
Quoting forexpert310
Can you please explain how to draw those blocks on excel thanks
Just color the cells in conformity with blocks. Write the closing price of each block in the end of each block. Refer to previous posts.
Positive Thinking
  • #86
  • Mar 12, 2007 4:24pm Mar 12, 2007 4:24pm
Quoting TradeStar
You mean pivot lines in addition to the ema's you just mentioned? How do we get those pivot lines?

Thanks for the help.
About pivot lines, you can find them in mataf.
Positive Thinking
  • #87
  • Mar 12, 2007 4:27pm Mar 12, 2007 4:27pm
Quoting meltri
The concept of three line break chart is somewhat similar to point and figure chart. It looks like stairs. A new rising line is drawn if the closing price is higher than the previous one. A new falling line is drawn if the closing price is lower than the previous one.
No. It's wrong. We have explained the concept of three line break chart in previous posts.

Quoting meltri
Seems like the strategy is something like this.

Some traders buy when a green line appears after three adjacent red lines. Some traders sell when a red line appears after three adjacent green lines. Avoid trading trendless market when the lines change between green and red.
No, This is not what method says.
Positive Thinking
  • #88
  • Mar 12, 2007 4:31pm Mar 12, 2007 4:31pm
Method is in two versions:
- Continuous
- Discontinuous

In continuous version, trader should draw 3LB Blocks from a long before.
Positive Thinking
  • #89
  • Mar 12, 2007 4:40pm Mar 12, 2007 4:40pm
Quoting Fun Trader
ema62 ................ Yellow
ema30 ................ Blue
ema5 ................ Red

Pivot lines
(and mid pivot for more content traders)
rsi(14)
macd(12,26,9)
stock(9,3,3)

rsi and macd mostly used to distinguish divergence and avoid risky entries.
Positive Thinking
  • #90
  • Mar 12, 2007 4:42pm Mar 12, 2007 4:42pm
Quoting Fun Trader
ema62 ................ Yellow
ema30 ................ Blue
ema5 ................ Red

Pivot lines
(and mid pivot for more content traders)
rsi(14)
macd(12,26,9)
stock(9,3,3)

rsi and macd mostly used to distinguish divergence and avoid risky entries.
Positive Thinking
  • #91
  • Mar 12, 2007 5:09pm Mar 12, 2007 5:09pm
Hi Fun,
Is the pivot lines similar to this?

http://forexfactory.com/attachment.p...6&d=1173703551
  • #92
  • Mar 12, 2007 8:48pm Mar 12, 2007 8:48pm
Hi all...
i'm using Camarilla pivot..is it ok?
  • #93
  • Mar 13, 2007 12:17am Mar 13, 2007 12:17am
When I say blocks, I mean 3LB blocks and when I say candles, I mean usual candlestick
Positive Thinking
  • #94
  • Edited 1:35am Mar 13, 2007 12:18am | Edited 1:35am
Enter 2 pips after the shadow of first 3lb block (or any other block if you haven't enter the position yet).
Positive Thinking
  • #95
  • Edited 1:00am Mar 13, 2007 12:21am | Edited 1:00am
Set the target, 2 pips before pivot

More content traders can set the target on mid pivot & ema62 or resistance levels if they are in front of position.
Positive Thinking
  • #96
  • Edited 12:53am Mar 13, 2007 12:24am | Edited 12:53am
S/L = 1.5 * ATR (14)

Trailing stop = ATR (14)

...............................................................
Risk per trade, should not exceed 5% of equity
S/L can be set before pivots or moving averages
...............................................................

P.S.: ATR (14) should be included in chart setup
Positive Thinking
  • #97
  • Mar 13, 2007 12:33am Mar 13, 2007 12:33am
Exit the position, if you are in the money and one of candlestick reversal patterns (like doji or a long shadow) come across your position. Stochastick cross could be a confirm for such an exit.
Positive Thinking
  • #98
  • Mar 13, 2007 12:37am Mar 13, 2007 12:37am
Never trade when ema62, ema30 and ema5 are wound in each other. Trade when they are separated.

Never trade when you see a divergence in RSI or MACD
Positive Thinking
  • #99
  • Mar 13, 2007 12:40am Mar 13, 2007 12:40am
Exit the position if you are in the money and a reversal 3LB block constructs against your position.
Positive Thinking
  • #100
  • Mar 13, 2007 12:49am Mar 13, 2007 12:49am
I will try to live trade for a while and answer the questions but I don't promise to be here so long cause I'm busy trading myself. Not tantalizing, this is a simplified version of method but it can help too much.
Positive Thinking
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