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  • #2,141
  • Apr 14, 2009 7:08pm Apr 14, 2009 7:08pm
Hello John and all...really like the thread..and want to thank you much for the hard work.....this is my first post, I am not a newby trader though. Listen

I love the visual of these ribbons but it is slowing down my computer to a standstill sometimes. I've got my charts set in the "options" max bars in history to 5000 but it still is very very slow.

Does anyone have an idea so that I can use this John Edwards template with all the ribbons...

thanks again

eegle
  • #2,142
  • Apr 14, 2009 9:10pm Apr 14, 2009 9:10pm
  •  LSs
  • | Joined Jan 2009 | Status: I switched to the smarter side | 84 Posts
Quoting forexbunny
HI Guys,

Can you please post your template....

FB.
Forexbunny, here is my template.
Again,
TF 1 - Red
TF 5 - Yellow
TF 15 - Blue
TF 30 - Purple

Indicators not in my template (compared to v3.12)
- JE Bar Trend
- MA Candles
- ZigZag Pointer
- Kino close/above ribbons

Please add these indicators to your preference, as my computer is having trouble coping with it. Haha..

LSs
Attached File(s)
File Type: tpl fx50_lss.tpl   15 KB | 586 downloads
  • #2,143
  • Apr 14, 2009 9:15pm Apr 14, 2009 9:15pm
  •  LSs
  • | Joined Jan 2009 | Status: I switched to the smarter side | 84 Posts
Quoting Jazz1964
Hi LSs,
on my chart it's not eaxactly the same situation as on yours, but I would like to show you the situation on my favorite index.

Very nice Jazz! Once again, you showed how important the ribbons as support and resistance.

Thank you !

LSs
  • #2,144
  • Apr 15, 2009 1:15am Apr 15, 2009 1:15am
  •  LSs
  • | Joined Jan 2009 | Status: I switched to the smarter side | 84 Posts
Here is a question I had during backtesting :

3rd Feb 2009 (GBPUSD)
Price have been breaking out of ribbons earlier. Ignore the reversal entry as I felt it is too aggressive. Price and TF1 (red) entered the widening TF5 (yellow). Then we see price continue the uptrend, failing to pass through TF5.

Question is, does the widening but rising TF5 indicates the price may be going up? Even the TF15 (blue) is rising.

In the pdf by Jazz, page 17 is an example where price manage to break through TF5. Does the clear triangle shape increases the probability of price passing through?

Please correct me. (if you could also pinpoint whether there is any point where a Long reentry is possible in the chart, that would be great (: )
LSs.
Attached Image (click to enlarge)
Click to Enlarge Name: widening.gif Size: 27 KB
  • #2,145
  • Edited 2:43am Apr 15, 2009 2:15am | Edited 2:43am
Hi LSs,
nice to see you busy with this system!

Quoting LSs
Here is a question I had during backtesting :

3rd Feb 2009 (GBPUSD)
Price have been breaking out of ribbons earlier. Ignore the reversal entry as I felt it is too aggressive. Price and TF1 (red) entered the widening TF5 (yellow). Then we see price continue the uptrend, failing to pass through TF5.

Question is, does the widening but rising TF5 indicates the price may be going up? Even the TF15 (blue) is rising.
Rising TF5 and TF15 are indications for a possible continuation of uptrend. The widening TF5 indicates that support is not too strong, so don't take position when price is in this zone. It's not clear what will happen, it's just a game between TF5 traders ....and TF1 traders!

Quoting LSs
In the pdf by Jazz, page 17 is an example where price manage to break through TF5. Does the clear triangle shape increases the probability of price passing through?
Yes that's true. But the fifference between the pdf chart and yours is the position of TF1 zone. Also CCI divergence indicates less strength on the down movement. Lower FXPrime indicator...missing short signal.
So there are several indications that price could go up again. If you took the short, here is your exit. (I can't see it very sharp, but it looks like pipdistance was good enough for a short entry)

Quoting LSs
Please correct me. (if you could also pinpoint whether there is any point where a Long reentry is possible in the chart, that would be great (: )
LSs.
Long entry is drawn in my chart.

Good luck LSs!
Attached Image (click to enlarge)
Click to Enlarge Name: ff.gif Size: 54 KB
Trading S/R with PA only. No indicators anymore!
  • #2,146
  • Apr 15, 2009 4:28am Apr 15, 2009 4:28am
Quoting eegle
I love the visual of these ribbons but it is slowing down my computer to a standstill sometimes. I've got my charts set in the "options" max bars in history to 5000 but it still is very very slow.

Does anyone have an idea so that I can use this John Edwards template with all the ribbons...
Hello eegle,
maybe you have to many history bars on the ribbons in your template.

Try to check and if needed: change in MetaEditor the settings of the kino_t3ma ribbon filled indicator

Change the i factor into 2000 or even 1000.

Goto your navigator folder,
rightclick on the indicator,
2nd position: Edit

look for this setting and if it is too big, change this:

for(i=2000; i>=0; i--)
// iCustom( string symbol, int timeframe, string name, ..., int mode, int shift)

don't forget to compile the change you have made by pressing the compile button and wait for message that it is okay.

restart MT4

You can give this a try. Good luck!
Trading S/R with PA only. No indicators anymore!
  • #2,147
  • Apr 15, 2009 6:47am Apr 15, 2009 6:47am
If you are using any of Kino's Close_above_ribbons indicators..... Detach all of them, because all those indicators are in need of a modification with regard to filling up the logfile under MT4/experts dramatically..... ultimately slowing down your computer to standstill when all space one your harddrive has been consumed.

To get rid of this problem:

1. Detach those indicators from all charts

2. Close down MT4.

3. Next open MT4/experts/logs and delete all the logfiles you see there. (B.T.W. Could be Gigabyte files !!!!)

4. Restart MT4 and check the experts Tab on the MT4 Terminal window if you still see any continues repeating messages..... which shouldn't be the case now.

5. Have patience and wait for Kino's upgraded version.

Cheers, John

Quoting Jazz1964
Hello eegle,
maybe you have to many history bars on the ribbons in your template.

Try to check and if needed: change in MetaEditor the settings of the kino_t3ma ribbon filled indicator

Change the i factor into 2000 or even 1000.

Goto your navigator folder,
rightclick on the indicator,
2nd position: Edit

look for this setting and if it is too big, change this:

for(i=2000; i>=0; i--)
// iCustom( string symbol, int timeframe, string name, ..., int mode, int shift)

don't forget to compile the change you have made by pressing the compile...
  • #2,148
  • Apr 15, 2009 6:50am Apr 15, 2009 6:50am
Quoting Jazz1964
Change the i factor into 2000 or even 1000.
Thanks Jazz

That was driving me crazy also, your solution worked like a champion.
  • #2,149
  • Apr 15, 2009 7:56am Apr 15, 2009 7:56am
it's all about support and resistance
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Click to Enlarge Name: ff.gif Size: 51 KB
Trading S/R with PA only. No indicators anymore!
  • #2,150
  • Apr 15, 2009 8:31am Apr 15, 2009 8:31am
What do you think, what happened after I posted the chart of my index?

Price was for the 3rd time at the same price level.

Went it up again?
Sideways?
Down?

And what is your argumentation for your answer?

you have got 10 minutes, after that I have to go.....
Trading S/R with PA only. No indicators anymore!
  • #2,151
  • Apr 15, 2009 9:23am Apr 15, 2009 9:23am
  •  LSs
  • | Joined Jan 2009 | Status: I switched to the smarter side | 84 Posts
Quoting Jazz1964
it's all about support and resistance
When I see the chart, I can see clearly the price bounces around support and resistance area on the ribbon, but I doubt I could identify entries at those area. Maybe I haven't develop an eye for them. Would you take any scalping entries on, Jazz? Okay, my guess.... if price goes down further, I might wait for the TF15(blue) to twist, and see if price get resisted again. I guess there is where a Short comes in if all indicators agree?
  • #2,152
  • Apr 15, 2009 9:51am Apr 15, 2009 9:51am
Hey guys,

I think I fixed Kino's ribbon indicator. At least I don't have the problem anymore. I tried it out and it works fine. There are no messages coming anymore.

Enjoy.

D.
Attached File(s)
File Type: ex4 #kino_close_above_ribbons_fixed.ex4   5 KB | 581 downloads
  • #2,153
  • Apr 15, 2009 11:15am Apr 15, 2009 11:15am
Quoting LSs
Okay, my guess.... if price goes down further, I might wait for the TF15(blue) to twist, and see if price get resisted again. I guess there is where a Short comes in if all indicators agree?

LSs!
wait for breakdown, pullback to TF1 ribbon , look at strength on CCI, FX Primes, KijunTenkan right position.

Anyway, it broke down.....for a while..... no nice conditions anymore for an entry short
Attached Image (click to enlarge)
Click to Enlarge Name: ff.gif Size: 53 KB
Trading S/R with PA only. No indicators anymore!
  • #2,154
  • Apr 15, 2009 11:17am Apr 15, 2009 11:17am
Quoting DirkH143
Hey guys,

I think I fixed Kino's ribbon indicator. At least I don't have the problem anymore. I tried it out and it works fine. There are no messages coming anymore.

Enjoy.

D.
Hi Dirk! that would be great! We will hear from users if it is okay now.
Trading S/R with PA only. No indicators anymore!
  • #2,155
  • Apr 15, 2009 11:37pm Apr 15, 2009 11:37pm
  •  LSs
  • | Joined Jan 2009 | Status: I switched to the smarter side | 84 Posts
I think the hardest part sometimes is to watch and let price run away for a while, waiting for a retracement and enter.

Anyway, here is a chart I have during backtest. You can see here TF30 acting similar to LRC ( price bounces around).

The lowest probability entry I see is the 2nd trade in the middle. Triangle break did boost the price to move down, but CCI was lagging a little for signal.
Attached Image (click to enlarge)
Click to Enlarge Name: triangle.gif Size: 39 KB
  • #2,156
  • Apr 15, 2009 11:45pm Apr 15, 2009 11:45pm
  •  LSs
  • | Joined Jan 2009 | Status: I switched to the smarter side | 84 Posts
Here is a chart pattern similar to Jazz post.

Anyway, IMHO, a scalper minded trader might take the trade of the breakout with small profits in mind. (This breakout here has potential 40-50pips). A intraday minded would wait for a retracement. Am I right?
Attached Image (click to enlarge)
Click to Enlarge Name: breakout.gif Size: 31 KB
  • #2,157
  • Apr 16, 2009 1:04am Apr 16, 2009 1:04am
Dirk,

I think I know what you have done. I'll check your version of Kino's indicator and see how it does on the charts. Thanks for this contribution.

For all the time we have been working with this great indicator so far.... I have noticed that it has another issue which I'd like to be solved and has to do with the refreshing/repainting of the indicator.

Does your knowledge of mq4 give you the possibility to fix that issue as well? Would be very much appreciated.

Have a nice day, John

Quoting DirkH143
Hey guys,

I think I fixed Kino's ribbon indicator. At least I don't have the problem anymore. I tried it out and it works fine. There are no messages coming anymore.

Enjoy.

D.
  • #2,158
  • Edited 10:03am Apr 16, 2009 1:38am | Edited 10:03am
LSs,

First of all.... Thank you very much for posting these examples.... for there simply is no better way of teaching yourself trading..... than by posting your trade examples... whether you succeeded or not at that moment doesn't matter. Next time you always do (a little) better !!!! Ultimately this adds up to become a very succesful trader. THX !!!

TF30Zone is at times the widest of them all.... Therefore it offers possibilities to trade inside its bounderies. Where it says on your chart: "Would anyone take this trade?".... it's obvious you are to late to enter.

It's not my favorite one..... You could however have entered a long right at the bottom TF30Zone ribbon where price rises up from TF1Zone. Why? There has been a bounce to Yellow TF5Zone...... so it is now very likely that inside TF30Zone next time price will break through TF5Zone..... as indeed it does here !!

My favorite entry however would be right at the end of this chart.... where price is thrown up from Flipper's nose.... (as if this dolphin is throwing a ball into the air)..... recognize this pattern? Watch it... How strong the first candle is at this nose point when price jumps higher.... You see this funny little Flipper Nose Pattern over and over again with TFZones........ and where it appears it's most of the time quite good for entries. B.T.W Pipdistance towards your Blue TFZone is about 35 pips. So this is a nice scalp.

Also good to check what CCI is doing: It's green and nicely crossing above SMA..... Also both FXPrime's are green..... This is an entry by the book !!

Could you post a chart.... how it went from there?

Hope this helps, John

Quoting LSs
I think the hardest part sometimes is to watch and let price run away for a while, waiting for a retracement and enter.

Anyway, here is a chart I have during backtest. You can see here TF30 acting similar to LRC ( price bounces around).

The lowest probability entry I see is the 2nd trade in the middle. Triangle break did boost the price to move down, but CCI was lagging a little for signal.
  • #2,159
  • Apr 16, 2009 2:00am Apr 16, 2009 2:00am
  •  LSs
  • | Joined Jan 2009 | Status: I switched to the smarter side | 84 Posts
JE,

I enjoy your posts on pattern recognition and I think that's a skill acquired only through experience and screen time (:

Here's what happen next. We anticipate a retracement right? I have a question, at the 'thumbs down' marked at the chart, TF5 supported price a little and touched TF30 ribbon. It would be a 14pips scalp. Is it even considered a retracement?

Anyway, would like to hear your comments (:

Thank you very much. Very helpful indeed.

LSs
Attached Image (click to enlarge)
Click to Enlarge Name: skippy.gif Size: 33 KB
  • #2,160
  • Apr 16, 2009 3:12am Apr 16, 2009 3:12am
LSs,

The longer you work with TFZones the easier it gets.... for you will develop an eye for the entries (plus exits). Actually you can see this short developing for a while.

Where it says: "TF30 seem to resist again" in fact price is bouncing back on heavy resistance of both upper ribbon of TF30Zone (magenta) and lower ribbon of TF15 (blue-ish), i.e. the gray zone in between those ribbons shows a triangle narrowing resistance area. At the crossing halfway this chart.... you have to picture a new triangle of resistance forming between those ribbons,..... you now can only see the blue-ish ribbon. The yellow TF5Zone draws the other line on the bottom...... and there is your MultiTimeFrame Triangle where ultimately price is either going to break out to the upside or to the downside.

So let's sum it up: What you see develop here is a dynamic drawn Triangle influenced by all the necessary TF's to make your decision on.....

The stronger resistance is above price. Therefore you already know one thing for sure... Price will come down.

What you don't know yet is where exactly will this happen? This information is provided by the Yellow TF5Zone widening up and simultaneously crossing below the Magenta Zone. Next you see to trials to breakout to the downside.... the last one succeeds: First Price falls through the opening up Red TF1Zone and immediately now price falls down through the opening up Yellow TF5Zone as well. Exactly there you take your short entry..... for all resistance underneath now has been broken.

Cheers, John

Quoting LSs
JE,

I enjoy your posts on pattern recognition and I think that's a skill acquired only through experience and screen time (:

Here's what happen next. We anticipate a retracement right? I have a question, at the 'thumbs down' marked at the chart, TF5 supported price a little and touched TF30 ribbon. It would be a 14pips scalp. Is it even considered a retracement?

Anyway, would like to hear your comments (:

Thank you very much. Very helpful indeed.

LSs
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