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Trading with Deadly Accuracy

  • #421
  • Dec 14, 2009 4:17am Dec 14, 2009 4:17am
Quoting kodflakes
Here is the indicator sorry for the time
Hi all,
How do I open this file
  • #422
  • Edited 4:19am Dec 14, 2009 4:18am | Edited 4:19am
Quoting Limstylz
PM with my email address sent.

Hi Limstylz,

I am also still waiting for your e-mail address as discussed what now feels like "many moons ago".

Would appreciate hearing from you regarding the indicator I posted and your kind offer for an updated version thereof.

Many thanks in advance.
Hercs
  • #423
  • Edited 4:20am Dec 14, 2009 4:19am | Edited 4:20am
Quoting forexchequer
Hi all,
How do I open this file
copy the file into "c: program files yourbrokernamefolder experts indicators"

then run your mt4 platform and add this indicator to your chart
  • #424
  • Dec 14, 2009 4:29am Dec 14, 2009 4:29am
Quoting Hercs
Hi Limstylz,

I am also still waiting for your e-mail address as discussed what now feels like "many moons ago".

Would appreciate hearing from you regarding the indicator I posted and your kind offer for an updated version thereof.

Many thanks in advance.
Hi Hercs... sorry, I totally forgot. Will email you the updated version this afternoon (if I remember!)
  • #425
  • Dec 14, 2009 4:54am Dec 14, 2009 4:54am
Quoting sibajnok
copy the file into "c: program files yourbrokernamefolder experts indicators"

then run your mt4 platform and add this indicator to your chart
What program do I use to open extension .ex4
  • #426
  • Dec 14, 2009 4:57am Dec 14, 2009 4:57am
Quoting forexchequer
What program do I use to open extension .ex4
MetaTrader
  • #427
  • Dec 14, 2009 5:09am Dec 14, 2009 5:09am
Quoting wmd
See my posts 375 and 378 for gu.

The bo pattern on gu daily in the long wave is not clear, and the price didn't run from the hook.

There are some bop levels in the current short wave.
thank you!
could you point to the place where I can find out what is:
pa
long wave
short wave.
would like to know the terminology=)
  • #428
  • Edited 6:20am Dec 14, 2009 6:04am | Edited 6:20am
WMD, sorry for cluttering your thread to post the updated indi. Forgot my password to Gmail as its not saved on this machine I am using.

Hercs, andytan... please find the updated attached to this post.

Apologies, on further inspection... that's the wrong version. I have removed it and will post the correct version when I get home this evening... Sorry again to those who have already downloaded it.
  • #429
  • Dec 15, 2009 5:38am Dec 15, 2009 5:38am
Quoting sibajnok
MetaTrader
It won't do it oh well...... I'll just stick to naked trading
  • #430
  • Dec 15, 2009 5:47am Dec 15, 2009 5:47am
Quoting forexchequer
It won't do it oh well...... I'll just stick to naked trading
Once you have loaded an ex4-file (indicator), you have to close your MT4 and then restart it again and it should be seen under the Custom Indicator group of indicators. After that you just load it onto any chart you wish to see it perform.

Hope this helps. If not, let us know and we can see what we can do to help you.
Hercs
  • #431
  • Dec 15, 2009 5:48am Dec 15, 2009 5:48am
I have read time and again that our eyes are the best indicators, follow the trend, the trend is your friend. I can honestly say that WMD's method along with pivot lines drawn from the previous day's daily candle works for me. I don't intend to use any other method. NO more chopping and changing my plan. Thanks WMD for your time and efforts. I'm finally WINNING and long may it last
  • #432
  • Dec 15, 2009 6:01am Dec 15, 2009 6:01am
all indicators have their weekness, based on the fact that they analyse history...

however, there is a bit of wisdom in understanding that indicators should tell you story...

and the most useful part of history is trend...
  • #433
  • Dec 15, 2009 6:08am Dec 15, 2009 6:08am
Nice to hear forexchequer....

Should there be a rally up before Xmas on EU here are some untested levels for me. wmd and others plse feel free to correct.

A big thank you, this thread is an eyeopener to say the least...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd5min@1204gmtdec15.jpg Size: 226 KB
Be like water.
  • #434
  • Dec 15, 2009 6:25am Dec 15, 2009 6:25am
Quoting sibajnok
all indicators have their weekness, based on the fact that they analyse history...

however, there is a bit of wisdom in understanding that indicators should tell you story...

and the most useful part of history is trend...
Perhaps that is my problem I was using indicators to place trades instead of using them as a guide, they show only where price has been and not where they are going. S and R far outweights any indicator. At the moment GU is finding support at 1.6230, if it breaks through and go pass 1.6218 I would enter a short. So now I know eactly where I should enter my trade. If I see a hook I also know when to enter a high probability trade. This works for me, of course I've got to keep an eye on the economic calender as well.
  • #435
  • Dec 15, 2009 7:03am Dec 15, 2009 7:03am
Brilliant thread wmd thanks,

I trade mainly eur/usd , from my interpretation of the current movements would i be correct in the assumption that from the daily chart we could be heading to fill the gap down to the 1.422 to 1.435 level
  • #436
  • Dec 15, 2009 7:24am Dec 15, 2009 7:24am
Euro fell vertically and now makes a diagonal move. Watch the ltl and reactions at natural support.

Price is not far from good levels. I am looking for reactions at 4450, 4414 in the near term; and 4350, 4180 and 4080 in the near future if price reaches there.

The top of the diagonal move will provide most resistance in any up move. So 4850-4900 makes for good resistance.
  • #437
  • Dec 15, 2009 7:40am Dec 15, 2009 7:40am
Quoting lincolndsp
thank you!
could you point to the place where I can find out what is:

pa
long wave
short wave.

would like to know the terminology=)

pa price action
long wave the last wave up
short wave. the last wave down
  • #438
  • Dec 15, 2009 7:59am Dec 15, 2009 7:59am
wmd, this is one of the few truly valuable threads in this busy place. Thanks for sharing these out-of-the-box patterns and ideas.
forget about tomorrow, just steal away into the night
  • #439
  • Edited 8:39am Dec 15, 2009 8:37am | Edited 8:39am
Quoting forexchequer
Perhaps that is my problem I was using indicators to place trades instead of using them as a guide, they show only where price has been and not where they are going. S and R far outweights any indicator. At the moment GU is finding support at 1.6230, if it breaks through and go pass 1.6218 I would enter a short. So now I know eactly where I should enter my trade. If I see a hook I also know when to enter a high probability trade. This works for me, of course I've got to keep an eye on the economic calender as well.
6230 is a magic number on GBPUSD. I posted this opinion yesterday and Friday, too.

anyone who put a trade around that level, could have closed the trade in green. no matter it was short or long.

but this is not surprising, GU is in range. the surprising for me is that she hasn't left this range yet. but sooner or later she will.

"later" - I mean by the steam of news of Wednesday
  • #440
  • Dec 15, 2009 8:50am Dec 15, 2009 8:50am
Quoting wmd
Euro fell vertically and now makes a diagonal move. Watch the ltl and reactions at natural support.

Price is not far from good levels. I am looking for reactions at 4450, 4414 in the near term; and 4350, 4180 and 4080 in the near future if price reaches there.

The top of the diagonal move will provide most resistance in any up move. So 4850-4900 makes for good resistance.
in 3rd December, 2 weeks ago we had a high at around 5140. now we are at around 4560. that is ~600 pips.

in my opinion technically it needs some correction before visiting to 4350, 4180, 4080. this could be the 4850-4900 area, maybe higher.

we will see it soon.
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