Free from Prediction and Forcast Method (3LB) | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The DIBS Method... No Free Lunch continues 11,565 replies

The DIBS Method - No Free Lunch Returns 13 replies

bo7a method... method for GBP/JPY 205 replies

Forex Forcast 6 replies

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

Free from Prediction and Forcast Method (3LB)

  • #101
  • Mar 13, 2007 12:53am Mar 13, 2007 12:53am
Quoting Fun Trader
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.


Thanks a lot for sharing your method
Nothing is hard, some things just take more time and discipline.
  • #102
  • Mar 13, 2007 1:07am Mar 13, 2007 1:07am
Best trading hours for intraday traders is between 8 GMT & 17 GMT which there is more volume.
Positive Thinking
  • #103
  • Mar 13, 2007 7:48am Mar 13, 2007 7:48am
Hi Fun Trader! Its very nice of you to share your method, also its allways interesting to learn new trading approach. I would like to say "thank you!"
But there is one thing I dont get. Where exactly to enter the trade? Maybe you could post some pictures of 3lb&candlestick charts with explanation about entry rules? Thanks again!
  • #104
  • Mar 13, 2007 8:47am Mar 13, 2007 8:47am
Quoting Fun Trader
This methos is applicalbe for all timeframes but m13 is most profitable for intraday traders.


What is m13? I do not know if this is a dumb question but Ithink this is th e1st. time to mention "m13" here
  • #105
  • Mar 13, 2007 9:05am Mar 13, 2007 9:05am
Quoting alcastro
What is m13? I do not know if this is a dumb question but Ithink this is th e1st. time to mention "m13" here
It's a non standard time frame
m13 = 13 minutes
Positive Thinking
  • #106
  • Mar 13, 2007 9:26am Mar 13, 2007 9:26am
Thank's for sharing, looks interesting and promising.
Do you have a formula for the excel charting or do you make it manually?
Thank's again
"It's choice - not chance - that determines your destiny"
  • #107
  • Mar 13, 2007 9:45am Mar 13, 2007 9:45am
Over at lightpatch (.com) in the MT4 indicators list they have a 3LineBreak. Is it about the same?
  • #108
  • Mar 13, 2007 10:49am Mar 13, 2007 10:49am
Quoting Fun Trader
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.
FUN
Very generous to share your knowledge with us. Thanks!

It would be very helpful for me to know which softwares allow the 3LB with all these features since I'm not an Excel expert at all.
Charts showing all this on a 13 minutes time frame would also be a great help imho - pictures : 1000 words :-)

- whenever you find the time - good trading -

Thanks again

Charles
  • #109
  • Mar 13, 2007 10:59am Mar 13, 2007 10:59am
Quoting drayco
Over at lightpatch (.com) in the MT4 indicators list they have a 3LineBreak. Is it about the same?
It is the same indicator....still not follow the rules of 3LB
  • #110
  • Mar 13, 2007 11:39am Mar 13, 2007 11:39am
Just one question. I have an account with GFT. They have a 3LB as a standard tool on the charting package.

Can I use this one? (Instead of drawing this stuff in Excel)

I think you mentioned that on the first page...

...Thanks buddy. Wish you a fortune.

Peter.
  • #111
  • Mar 13, 2007 1:37pm Mar 13, 2007 1:37pm
Quoting Fun Trader
Enter 2 pips after the shadow of first 3lb block (or any other block if you haven't enter the position yet).
Can you be more detail on this entry point. What is considered the "shadow of the first block?"
  • #112
  • Mar 13, 2007 2:25pm Mar 13, 2007 2:25pm
FunTrader, have you back-tested/forward tested this method before? Or is this the test?
Based on what do you say it is profitable?

I am not trying to be critical here, I only want to understand in what stage is this system currently.

I like its simplicity and would love see it work. I just want to know if you have had previous experience with it.
  • #113
  • Mar 13, 2007 3:25pm Mar 13, 2007 3:25pm
Quoting mrtrader
Thank's for sharing, looks interesting and promising.
Do you have a formula for the excel charting or do you make it manually?
Thank's again
For the beginning, make it manually and after a while your eyes do it automatically with no need to any software or indicator
Positive Thinking
  • #114
  • Mar 13, 2007 3:25pm Mar 13, 2007 3:25pm
Quoting drayco
Over at lightpatch (.com) in the MT4 indicators list they have a 3LineBreak. Is it about the same?
I'm not familiar with it.
Positive Thinking
  • #115
  • Mar 13, 2007 3:30pm Mar 13, 2007 3:30pm
Quoting Charles
FUN
Very generous to share your knowledge with us. Thanks!

It would be very helpful for me to know which softwares allow the 3LB with all these features since I'm not an Excel expert at all.
Charts showing all this on a 13 minutes time frame would also be a great help imho - pictures : 1000 words :-)

- whenever you find the time - good trading -

Thanks again

Charles
There are softwares that allow the 3Lb even with m13 time frame but they are not free.
Positive Thinking
  • #116
  • Mar 13, 2007 3:32pm Mar 13, 2007 3:32pm
Quoting jeffreytp
Can you be more detail on this entry point. What is considered the "shadow of the first block?"
A 3lb block is really a validated candle. I mean 2 pips above the high of this candle if it is a long position or 2 pips below the low of this candle if it is a short position.
Positive Thinking
  • #117
  • Mar 13, 2007 3:35pm Mar 13, 2007 3:35pm
Quoting petercross
Just one question. I have an account with GFT. They have a 3LB as a standard tool on the charting package.

Can I use this one? (Instead of drawing this stuff in Excel)

I think you mentioned that on the first page...

...Thanks buddy. Wish you a fortune.

Peter.
Yes you can.
But the chart setup should be applied to an usual candlestick chart while 3LB chart is necessary to specify entry points.
Positive Thinking
  • #118
  • Mar 13, 2007 3:39pm Mar 13, 2007 3:39pm
Quoting alcastro
FunTrader, have you back-tested/forward tested this method before? Or is this the test?
Based on what do you say it is profitable?

I am not trying to be critical here, I only want to understand in what stage is this system currently.

I like its simplicity and would love see it work. I just want to know if you have had previous experience with it.
If you search internet you will find out it is a well-known and very expensive method. Not tantalizing, this is a simplified version. It works. But the trader who is going to trade using this method should be familiar with candlesticks patterns as well as trading concepts like divergence and ...
Positive Thinking
  • #119
  • Edited 6:35pm Mar 13, 2007 6:35pm | Edited 6:35pm
FUN - I found the attached indicator on the web. Could you look at it and see if it is correct? I think many of us would prefer an indicator to doing things manually.

An interesting method - I've put Nison's book on hold at the library and am anxious to learn more.
Attached File(s)
File Type: mq4 Three_Line_Break.mq4   4 KB | 938 downloads
Old Benjamin was right
  • #120
  • Mar 14, 2007 12:35am Mar 14, 2007 12:35am
anyone can teach how to set M13 tf?
0 traders viewing now