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  • #1,301
  • Edited 7:32pm Jan 15, 2009 6:46pm | Edited 7:32pm
Quoting fxtrading24
Hi Flamenco nice to see you here again.
It's nice to be back in the states, but why is Florida so freakin' cold? I know I said a hundred times I wasn't going to post on this thread anymore - but dang it, I've been in it since the day CD first put it up. This is like my home! I've made more pips here than anywhere else with any other strategy.

Would I like to go to a higher time frame and get off the 1M? Oh you have no idea! I'd also like to be a jet fighter pilot, a railroad engineer, have my wife quit giving me all those weird looks, and sing a lot better than I do. But some things are impossible regardless of positive thinking!
  • #1,302
  • Jan 15, 2009 7:03pm Jan 15, 2009 7:03pm
Hey Flamenco,

I got a question. Do you use the QQE like an rsi with the 55 and 45 level?

D.
  • #1,303
  • Edited 8:03pm Jan 15, 2009 7:43pm | Edited 8:03pm
Quoting DirkH143
Hey Flamenco,

I got a question. Do you use the QQE like an rsi with the 55 and 45 level?

D.
I can only give you my opinion and what works or doesn't work for me. No, I don't use the 45/55 as a filter. I don't believe filters even exist that work and I could give you a thousand examples of why I came to believe that. It's like I constantly hear traders wanting to go to a higher time frame 'to eliminate noise.'

You NEVER eliminate noise. You go to a 30M tf, then you have noise from the 5m & the 15m. Go to a weekly tf, you've got noise from the daily, or the 4H time frame. And it goes on and on. See what I mean?

I can see the value of the 45/55 channel on the RSI, but on the QQE I wanna know the instant it crosses the 50. That is basically my 'filter'. ANd THAT even bites me in the butt a lot because I constantly see trades where I would have made boucoup more pips had I entered the trade when the two QQE lines crossed REGARDLESS where it was in conjunction to the 50 line. But I also see many times I was wise to wait until the 50 line WAS crossed.

But somewhere along the line you have to draw a line in the sand and say, "These are my rules, and I won't break them". Usually it evens out. Sometimes you get the pips right off the bat, and other times you don't. But changing rules every other trade will ultimately be disastrous.

That being said, there is no reason you CAN'T put a 45/55 channel on the QQE and use it. Try it and see how it works for you. The main thing to consider is your 'comfort zone' or 'confidence zone' so to speak about entering AND exiting a trade. If that 45/55 channel helps you then by all means go for it 100%! The QQE basically gives the same info as the RSI. The ONLY reason I prefer the QQE is the audible alarm on the 50 crossing which is not available on the RSI.
  • #1,304
  • Jan 15, 2009 10:43pm Jan 15, 2009 10:43pm
Quoting Flamenco143
I still use the original system (somewhat) WHEN I TRADE with the Double Woodie set to 89/21 (thanx f4!) the QQE instead of the RSI, but added the BBMACD (thanx CunuckCT) which has been a tremendous help in entering and exiting better....
I tried the F4's 89/21 settings, but the entries on a change of direction are sometimes a problem. I will give kino's 79/24 settings a try.
I use the QQE already and I wish I could use the BBMacd indi. you posted, but it crashes the MT4 every time I try to load it to my charts on my pc or laptop. I dont understand why would the BBMACD will crash my MT4 platform, it never happened before with any indicator I loaded.
  • #1,305
  • Jan 15, 2009 11:17pm Jan 15, 2009 11:17pm
Quoting Artifiz
I tried the F4's 89/21 settings, but the entries on a change of direction are sometimes a problem. I will give kino's 79/24 settings a try.
I use the QQE already and I wish I could use the BBMacd indi. you posted, but it crashes the MT4 every time I try to load it to my charts on my pc or laptop. I dont understand why would the BBMACD will crash my MT4 platform, it never happened before with any indicator I loaded.
Here Artifiz try this one. Sounds like you must have windows vista with the crashing I have the same problem but this bbmacd should work.
Attached File(s)
File Type: zip bbmacd.zip   6 KB | 723 downloads
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #1,306
  • Jan 16, 2009 1:51am Jan 16, 2009 1:51am
The BB MACD, what settings do people use with it, or other macd
for 5 min charts? What is your best setting for 5 min charts?

Thanks!!!

Brian
  • #1,307
  • Jan 16, 2009 5:43am Jan 16, 2009 5:43am
Is there anyone that has a screen shot of this system in action with shown entry and exit points. Also, if someone could explain why they entered and exited at a particular point... just tryin to learn! Thanks!
  • #1,308
  • Jan 16, 2009 6:25am Jan 16, 2009 6:25am
Quoting fxtrading24
Here Artifiz try this one. Sounds like you must have windows vista with the crashing I have the same problem but this bbmacd should work.
That worked great! Thanks again!
  • #1,309
  • Jan 16, 2009 10:23am Jan 16, 2009 10:23am
Quoting Flamenco143
Hope they help but as I said before, they ain't worth a damn in a choppy market, but then what exactly is? The only thing missing is the HAS candles. They are VERY important once you know how to read them. They tell you a lot about what the bulls and bears are doing and who's taking control.
Hey Flamenco.

Glad to see you back.. If you wouldn't mind could you give us a brief synopsis on how the HAS candles do work, I think thats what I've been missing maybe.. because I'm have the same problems as a couple of the other guys are having... losing pips.. and not really knowing why...

Thanks in advance...

Jim
  • #1,310
  • Edited 8:30pm Jan 16, 2009 10:58am | Edited 8:30pm
Quoting Pipbull76
Hey Flamenco.

Glad to see you back.. If you wouldn't mind could you give us a brief synopsis on how the HAS candles do work, I think thats what I've been missing maybe.. because I'm have the same problems as a couple of the other guys are having... losing pips.. and not really knowing why...

Thanks in advance...

Jim
Hi Jim,
I can't post my PDF file on the HAS candles. For some reason it's corrupted. But I'm sure there's someone lurking around here that has a copy of it. I see it frequently mentioned. The PDF file just gives a brief discussion on em, but you really learn so much more when you start watching them. Sorry I couldn't be more help. Meanwhile, while you're waiting, load up the HAS on different pairs, then go back and take a look at the HAS Candles on different time frames, paying attention to the wicks, their size and direction, particularly when you have a major trend change. You'll see frequently the 'major information HAS' on a highly probably trend change will be a small colored body with a different colored wick. That's about the best synopsis or help I can offer right now.

Re: Losing pips. Gotta tell you in all honesty . . . nothin' I have going right now is working well. Market's are crazy! Just about the time I see my indicators line up - BAM - it goes haywire. It's just a time where normal S/L and TP are - well - not normal. Other than that, right now I may be the last person to get advise from. I'm as frustrated as everyone else!
  • #1,311
  • Jan 16, 2009 11:25am Jan 16, 2009 11:25am
Quoting Flamenco143
Hi Jim,
I can't post my PDF file on the HAS candles. For some reason it's corrupted. But I'm sure there's someone lurking around here that has a copy of it. I see it frequently mentioned. The PDF file just gave a brief discussion on em, but you really learn so much more when you start watching them. Sorry I couldn't be more help.

Re: Losing pips. Gotta tell you in all honesty . . . nothin' I have going right now is working well. Market's are crazy! Just about the time I see indicators line up - BAM - it goes haywire.
Hi flamenco, well I tried the 5 minute chart after trading the one minute for several month's the worst week I ever had, well back to the one minute to recover. It amazes me what a difference different time frames can do.
Again glad to see you back and back in the states. So lets all make some pips well once this market gets its act together.
fxtrading24
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #1,312
  • Jan 16, 2009 11:36am Jan 16, 2009 11:36am
Its very hard to trade this system these days, get whipsawed many times to, so I also look at higher timeframes at the moment, until market settles down. I guess its good to have 2-3 systems for all market conditions anyway.

Cheers
  • #1,313
  • Jan 16, 2009 11:47am Jan 16, 2009 11:47am
hi flamenco, welcome back

i will post my updated guide later tonight, had a hard time converting from Word to PDF, it was always taken my hyperlinks out, its an annoying problem that microsoft and adobe created grrr !!!1anyways it has a detailed description of HAS candles and i as i recall i think it was flamenco that did it.
Don't forget Practice + Patience + Persistence = Profits
  • #1,314
  • Edited 8:35pm Jan 16, 2009 11:55am | Edited 8:35pm
I have a huge arsenal of methods I've collected over the years. For the past week or so I have checked almost everything from the original Woodies CCI Club to a full blown Ichimoku Kinko Hyo and all kinds of powder and puffs in between.

Nothing I know of is giving me any solid profits (IF I WAS ACTUALLY TRADING LIVE!).

I'm only posting this because (while it's true that many systems stop working after awhile for various reasons) don't be too quick to abandon whatever system/strategy/method and indicators you've grown to like and use recently. New President - new economic recovery package in the works - global economic melt-downs - usual bad time of year to trade - has all contributed to the forex being unpredictable.

This is just a really bad time period to say 'it's business as usual'. But it WILL improve - maybe not the economy here so quickly, but the forex WILL settle down again.

P.S. For fxtrading24: I can't tell you the number of times I switched from the 1M to the 5M to hopefull give my dry eyeballs a rest. As much as I wanted the 5M to work (and it does) I always came back to the 1M because I always wound up 'keeping' more pips in the account when the indicators said 'scram' than if I had waited for the 5M exit signals. In scalping 10 pips or 5 pips is money, and since I trade 3 to 5 lots that's a minimum of $30 I'm giving back with every tick. Call me Scrooge, but I want to keep it if I earned it! When I first went in the Air Force $30 was half a months pay for me. I don't forget things like that!

Although I did pull the trigger on a late trade today. Usually between 3:30 and 4:30 est on Fridays you'll find fairly good movements as the Big Dogs are putting their trades in for the weekend. Managed a 52 pipper before I closed it out. But since it was my first trade of the year I got a little excited and didn't realize until later I was on the 5M tf. Regardless - I hope that winner is a harbinger of other similar trades this month.
  • #1,315
  • Jan 16, 2009 11:58am Jan 16, 2009 11:58am
Here is the updated sidewinder I use this in conjunction with my other indicators it does help with choppy markets.....
Red no trade
Yellow Caution
Green Trade
Here is a pic of the sidewinder right above the CCI
Attached Image (click to enlarge)
Click to Enlarge Name: sidewinder.gif Size: 28 KB
Attached File(s)
File Type: ex4 FX_Sniper's_SideWinder_Overlay2.ex4   6 KB | 730 downloads
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #1,316
  • Jan 16, 2009 12:28pm Jan 16, 2009 12:28pm
[quote=fxtrading24;2474707]Here is the updated sidewinder I use this in conjunction with my other indicators it does help with choppy markets.....
Red no trade
Yellow Caution
Green Trade
I've seen it before but never gave it serious consideration till I saw your chart. I'm adding it to my charts. Sure can't hurt. Do you have any info by the way on the 'Status Monitor'. You have any info on what exactly the figures are saying? I can't find info on it anywhere.
  • #1,317
  • Jan 16, 2009 12:55pm Jan 16, 2009 12:55pm
Quoting Flamenco143
Hi Jim,
I can't post my PDF file on the HAS candles. For some reason it's corrupted. But I'm sure there's someone lurking around here that has a copy of it. I see it frequently mentioned. The PDF file just gives a brief discussion on em, but you really learn so much more when you start watching them. Sorry I couldn't be more help. Meanwhile, while you're waiting, load up the HAS on different pairs, then go back and take a look at the HAS Candles on different time frames, paying attention to the wicks, their size and direction, paricularly when you...
Thanks Flemnco..

I did find that file, I want to post in case anyone needs it...
Attached File(s)
File Type: pdf What Is Heikin-Ashi.pdf   1.1 MB | 1,230 downloads
  • #1,318
  • Edited 1:31pm Jan 16, 2009 1:08pm | Edited 1:31pm
[quote=Flamenco143;2474768]
Quoting fxtrading24
Here is the updated sidewinder I use this in conjunction with my other indicators it does help with choppy markets.....
Red no trade
Yellow Caution
Green Trade
I've seen it before but never gave it serious consideration till I saw your chart. I'm adding it to my charts. Sure can't hurt. Do you have any info by the way on the 'Status Monitor'. You have any info on what exactly the figures are saying? I can't find info on it anywhere.
Here you go flamenco
Here is what I know
Current spread = is the spread from the broker
Buy Swap = is the current broker Buy swap rate
Sell Swap = is the current broker Sell swap rate
Volume = is the ticks per candle

I includid the indicator hope this helps
Attached File(s)
File Type: mq4 Information.mq4   40 KB | 625 downloads
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #1,319
  • Jan 16, 2009 1:48pm Jan 16, 2009 1:48pm
[quote=fxtrading24;2474814]
Quoting Flamenco143

Here you go flamenco
Here is what I know
Current spread = is the spread from the broker
Buy Swap = is the current broker Buy swap rate
Sell Swap = is the current broker Sell swap rate
Volume = is the ticks per candle

I includid the indicator hope this helps
Just the right information I was looking for! You're really on the ball! Nice to know you're just not another pretty face! lol!
  • #1,320
  • Jan 16, 2009 6:58pm Jan 16, 2009 6:58pm
Flamenco, could you please post the template for you chart in post # 1298. I have the indicators but can't seem to match my charts with yours. Actually all I really need is the values of your ma's. I usually figure things out for myself but in this case I'm a bit stymied. Thanks for the help. Bob
Hej.
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