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  • #2,221
  • Apr 22, 2009 2:25am Apr 22, 2009 2:25am
Kino,

Thanks a million. Because of this (small?) step..... we now also can make huge progress regarding continuation with your latest indicator developments.

In the next couple of days I'll get back to you to let you know how it helps in trading setups.

Have a nice day, John

Quoting kinonen
you say :
Let me check the suggestion you made with the variables.

you're welcome , but if we do it, that would say that the periods of T3MA and factors would be definitively fixed to these values (we can only change them after in the code itself !)
i have forgotten to delete the line of Printing a, b , close-a , etc (this line was only for me !lol , to control the code) so sorry

try this one
kino
  • #2,222
  • Apr 22, 2009 2:56am Apr 22, 2009 2:56am
This chartgraph is currenty clearly in an NTZ. There are two reasons for that:

First of all notice how close the yellow Spudfibo lines are packed together... everyone of those can be a line support or resistance. Longs as well as shorts in such areas bounce to soon on those lines. Preferably pipdistance has to be more than 35 to get into a trade.....
At the end of this chart on the right you can see how difficult it is for price to get above the Spudfibo.... Price falls back to make a retracement towards yellow TF5Zone >>>>> There would be a chance for a breakout to the upside.... However all these Spudfibo's close together still makes it risky to enter a long here. How did it go from there?

Secondly price and TF1Zone are for the greater part in this chart in between TF15 and TF5 Zone. These Zones here also are too close together to enter trades. The better trade setups arrive when TF1Zone makes a retracement back towards TF5Zone (or sometimes TF15Zone) under or above all other Zones.

Furthermore support and resistance is in the TFZones itself in the first place. How to use triangles to determine breakouts, please check some examples I gave on page 132..... F.i. in one example where you can see that the stronger resistance is provided by the lower TFZones (i.e. TF15 and TF30).

Hope this helps, John

Quoting LSs
G'd day all !

I hope you guys don't mind me budging in like this with charts.. Cos i feel that while the gurus are perfecting this system, we still need to see more charts (:

After all it is still based on T3MA ribbons!

Here's one to look at, with Kijun and Triangle in action. Please correct me if I made any wrong comments (:
  • #2,223
  • Apr 22, 2009 3:18am Apr 22, 2009 3:18am
Quoting John Edwards
This chartgraph is currenty clearly in an NTZ. There are two reasons for that:

First of all notice how close the yellow Spudfibo lines are packed together... everyone of those can be a line support or resistance. Longs as well as shorts in such areas bounce to soon on those lines. Preferably pipdistance has to be more than 35 to get into a trade.....
At the end of this chart on the right you can see how difficult it is for price to get above the Spudfibo.... Price falls back to make a retracement towards yellow TF5Zone >>>>> There would be a chance...
thanks it's the things i like to read because you will be surprised to know that
i will try this system only when clear rules for entry & exit will be defined simply; I think some visitors of this thread are gone quickly when they have seen our screens lol !
attached = pips to ribbons with TickRibbon too (if that helps)

kino
Attached File(s)
File Type: mq4 #kino_pips_ribbons.mq4   4 KB | 532 downloads
  • #2,224
  • Apr 22, 2009 5:30am Apr 22, 2009 5:30am
Hi Jazz, JE,
Can you advice me what was wrong with my entry at the attached chart? I entered short at the arrow based on the following:
1) Price bounced off TF30 bottom once before few minutes ago and retesting at time of entry
2)Price bounced off narrowing TF5 indicating growing resistance
3) Price fell below all TF
4) Braintrend, fxprimes, kijun lined up
5) cci 89 and sma just crossed 0 downwards

As you can see, price immediately reversed upwards. I'm still trying to figure out what I read wrong here. Appreciate your comments on how to avoid this kind of setup and where is the better entry.

Regards,
Satini
Attached Image (click to enlarge)
Click to Enlarge Name: Failed entry.JPG Size: 117 KB
  • #2,225
  • Apr 22, 2009 5:57am Apr 22, 2009 5:57am
Looks like I finally found that dawn bug in the indi. I tested the indi the whole night with good results. So far I can say that the repainting issue is solved.
John, please test the indi and let me, kino and others know if the problem is corrected.

Kino, the indi you posted earlier, I tested this one along with the one I constantly made changes on. I used the T3MA instead of the ribbon indi that you created. I also did delete less tan you did. I'm not quite sure if this helped in any way but as long as it works who cares.

Alright e`then.

D.
Attached File(s)
File Type: mq4 #kino_close_above_ribbons_fixed.mq4   3 KB | 1,381 downloads
  • #2,226
  • Apr 22, 2009 7:39am Apr 22, 2009 7:39am
Just to say heaps of thanks to all for an insightful system(fxtrading24,Kino"you wizzard",JE, Jazz, .........) I've been demo-ing alongside my live account (IG Markets) from the good old days with CD,and what do you know, your entry and exit strategies are excellent. Alpari- here I come!

Hope you won't mind me posting a few charts now and again as I try to grasp the system better.

Current chart, would it have been advisable to take the signal at the 4th vertical line or just to stay clear until all the dust settles? Another signal presented itself soon after, but is this still in reaction to the news release?

Regards

Ron
Attached Image (click to enlarge)
Click to Enlarge Name: trading.gif Size: 62 KB
  • #2,227
  • Edited 7:53am Apr 22, 2009 7:41am | Edited 7:53am
First, thank you for all your great work, here and on other threads.

I always use trend indicators when trading.. I have your kino multiindicator
v5 lite.

Do you have an even newer version than that? If so, please post here
if NOT... Kino, could you do a v6 lite, with the same cci1 cc2
rsi evs and has but just add one more time frame, right now its
1 5 and 15 min...I would like to see 1 5 15 and 30 minute
time frame conditions shown, so just adding the 30 min
time frame.

thank you so much and I appreciate your consideration

PS! LOL.. I almost forgot.. I would love it if now or soon when you
could.. in addition to adding the 30 min time frame to the current
kino multi indicators v5 lite, but also will you please add macd so we can see
current macd trend on each time frame from what we enter
in the macd settings. Default preference 8 17 9

Thanks again!

Brian
Attached File(s)
File Type: mq4 =kino_multi_indicatorsV5_Lite.mq4   7 KB | 614 downloads
  • #2,228
  • Apr 22, 2009 7:44am Apr 22, 2009 7:44am
Quoting DirkH143
Looks like I finally found that dawn bug in the indi. I tested the indi the whole night with good results. So far I can say that the repainting issue is solved.
John, please test the indi and let me, kino and others know if the problem is corrected.

Kino, the indi you posted earlier, I tested this one along with the one I constantly made changes on. I used the T3MA instead of the ribbon indi that you created. I also did delete less tan you did. I'm not quite sure if this helped in any way but as long as it works who cares.

Alright e`then.

D....
hi Dirk
what do you mean with this iClose(2,0,i) in "your" code ?
number 2 ? at this place you must write 0 or "USDCHF" or another Pair or NULL ...but i have never seen a number at this place ?
kino
  • #2,229
  • Apr 22, 2009 7:54am Apr 22, 2009 7:54am
Hi Pipster,

I follow your reasoning, however you made a major mistake. If you look at both setups on this chart...... you know immediately why..... Your retracement didn't happen above or under all Zones..... instead it happened inside quite a narrow TF30 Zone.

It should be like it's the case at the end of this chart. Nevertheless there is much hesitation here as well because of all the Spudfibo's overhead. Please check the chart below.

A retracement is only to be considered powerful and valid....... in open space..... whenever that retracement of TF1Zone occurs towards TF5Zone (and in some cases towards TF15Zone).

When between TFZones the same has to be true..... there also has to be enough open space when between TFZones..... for price to be able to jump out of TF1Zone (longs) or to fall out of TF1Zone (shorts).

Open space = when Pipdistance towards another TFZone or Fib- or Pivotline is more than 35 Pips.

So watch it and good luck next time, John



Quoting Pipster007
Hi Jazz, JE,
Can you advice me what was wrong with my entry at the attached chart? I entered short at the arrow based on the following:
1) Price bounced off TF30 bottom once before few minutes ago and retesting at time of entry
2)Price bounced off narrowing TF5 indicating growing resistance
3) Price fell below all TF
4) Braintrend, fxprimes, kijun lined up
5) cci 89 and sma just crossed...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd updated system 16.gif Size: 51 KB
  • #2,230
  • Apr 22, 2009 7:55am Apr 22, 2009 7:55am
Quoting kinonen
hi Dirk
what do you mean with this iClose(2,0,i) in "your" code ?
number 2 ? at this place you must write 0 or "USDCHF" or another Pair or NULL ...but i have never seen a number at this place ?
kino

I think I forgot to delete that one while playing around with the settings.
Sorry.
If you want I can take it out of the code.

D.
  • #2,231
  • Apr 22, 2009 8:06am Apr 22, 2009 8:06am
Ron,

The 4th line is the only good one in this chart, however read my comments here http://www.forexfactory.com/showpost...postcount=2229 regarding a previous explanation to the matter.

Welcome on board, John

Quoting RonTheDon
Just to say heaps of thanks to all for an insightful system(fxtrading24,Kino"you wizzard",JE, Jazz, .........) I've been demo-ing alongside my live account (IG Markets) from the good old days with CD,and what do you know, your entry and exit strategies are excellent. Alpari- here I come!

Hope you won't mind me posting a few charts now and again as I try to grasp the system better.

Current chart, would it have been advisable to take the signal at the 4th vertical line or just to stay clear until all the dust settles? Another signal presented...
  • #2,232
  • Apr 22, 2009 8:19am Apr 22, 2009 8:19am
Brian,

Just kiddin'.... B.T.W. how angry did you make you professer??

Now I first have to do some other work as well..... downloaded the indi in the meantime and will test it tomorrow, OK?

You obviously have done a very nice job as well. Thanks for helping us to improve indicators,
John


Quoting DirkH143
Looks like I finally found that dawn bug in the indi. I tested the indi the whole night with good results. So far I can say that the repainting issue is solved.
John, please test the indi and let me, kino and others know if the problem is corrected.

Kino, the indi you posted earlier, I tested this one along with the one I constantly made changes on. I used the T3MA instead of the ribbon indi that you created. I also did delete less tan you did. I'm not quite sure if this helped in any way but as long as it works who cares.

Alright e`then.

D....
  • #2,233
  • Apr 22, 2009 9:41am Apr 22, 2009 9:41am
Quoting John Edwards
Hi Pipster,


When between TFZones the same has to be true..... there also has to be enough open space when between TFZones..... for price to be able to jump out of TF1Zone (longs) or to fall out of TF1Zone (shorts).

Open space = when Pipdistance towards another TFZone or Fib- or Pivotline is more than 35 Pips.
Hi John,
Thanks a lot for your advice. I will be more careful next time with the pip distance.

On the same chart below, is there a valid cup and saucer pattern entry at the 2nd vertical line? Or is this invalid due to lack of pipdistance too?

Thanks again
Pipster
Attached Image (click to enlarge)
Click to Enlarge Name: Vshape.JPG Size: 202 KB
  • #2,234
  • Apr 22, 2009 9:45am Apr 22, 2009 9:45am
I have a question.
Is there a indicator out there that shows all major indexes like DOW, Nikkei, DAX and so forth?

Thanks.
D.
  • #2,235
  • Apr 22, 2009 9:59am Apr 22, 2009 9:59am
  •  LSs
  • | Joined Jan 2009 | Status: I switched to the smarter side | 84 Posts
I'm really a newbie and I've a question regarding trading in the 1minute timeframe. Some said that the 1 minute TF has too much noise, some said it is almost impossible to profit out of the 1 minute TF as we are looking at a very small sample. However, I like the 1 minute as it gives opportunity for us to steadily scalp the market with smaller risk. I'm really confused, can someone shed some light for me? Confused, LSs
  • #2,236
  • Apr 22, 2009 11:05am Apr 22, 2009 11:05am
Quoting DirkH143
I have a question.
Is there a indicator out there that shows all major indexes like DOW, Nikkei, DAX and so forth?

Thanks.
D.
hi Dirk,
I don't know about an indicator, but Broco provides data on indexes.
Cheers, Jazz
Trading S/R with PA only. No indicators anymore!
  • #2,237
  • Apr 22, 2009 12:37pm Apr 22, 2009 12:37pm
Quoting DirkH143
I have a question.
Is there a indicator out there that shows all major indexes like DOW, Nikkei, DAX and so forth?

Thanks.
D.
i would dont make publicity but i have a GCI platform metatrader with usual pairs + dow,nasdaq,dax,nikkei+oil+gold+SP500
search on the web GCI meta

kino
  • #2,238
  • Apr 22, 2009 1:12pm Apr 22, 2009 1:12pm
Quoting billye
jazz:
1. how's it going with your stock index trading with fx50? does it work well? curious...
Hey Billye,
The ribbons on FESX index is great, using the latest template @post#1. I didn't have to adjust it, it's okay for my index. I trade it live with really good succes. A few pages back I allready wrote about my findings....
About the second question I will pm you.
Good luck!
Trading S/R with PA only. No indicators anymore!
  • #2,239
  • Apr 22, 2009 2:07pm Apr 22, 2009 2:07pm
Here are 3 trades I took today. They were not conform above/below all ribbons and not conform trade between the ribbons rules.
So please remember that!
I have been watching this for some time and it was a nice day to try it out.
It's just something I want to throw in the group.

The criteria were:
1) Price should have to be far away from TF5 Ribbon, no matter if there is another WIDENING Ribbon in between.
2) Price should have been hesitating around the most important fibo levels (0, 38, 50, 62,100%) or pivot point levels (pivot, S1, S2, R1, R2) Yesterdays high, Yesterdays low
3) confirmation from nice tickribbon/TF1 Ribbon combi at entry.


Also wanted to show you the flipper nose pattern. I didn't take it, was busy at that time AND R1 level too close. But price reacted strong!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ff1.gif Size: 61 KB
Click to Enlarge Name: ff2.gif Size: 56 KB
Click to Enlarge Name: ff.gif Size: 53 KB
Trading S/R with PA only. No indicators anymore!
  • #2,240
  • Apr 22, 2009 2:43pm Apr 22, 2009 2:43pm
Quoting kinonen
thanks it's the things i like to read because you will be surprised to know that
i will try this system only when clear rules for entry & exit will be defined simply; I think some visitors of this thread are gone quickly when they have seen our screens lol !
attached = pips to ribbons with TickRibbon too (if that helps)

kino
That's right, thanks kino and other contributors for this system.
However I you said it's not clear and hard to identify the point of entry and exit.
I have it installed on my demo and regularly read this topic, but I look forward to see some more usable version

Also as a suggestion, can we apply some rule regarding naming of the updated indicators. I know that you constantly work on improvements, but then people may get confused seeing ribbons_fixed.mq4, *_latest.mq4, etc. Just a simple numbers (eg. ribbons_1.0.mq4) would help, so if you changed some indicator and want to upload, just check first what version is on a server and name yours appropriately.
I hope it's not a big deal, but can improve the transparency.

Thanks.
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