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The Price Action 'Anomaly'

  • #121
  • Dec 28, 2009 10:42am Dec 28, 2009 10:42am
Quoting jacson101
Lol,
the heck with the PA Stars, I don't even use mt4.
Those white papers aren't for everyone that's for sure.
I'm definitely no math PHD either but, have of recent years worked very closely with a team of them.
Funny how the prof's from school follow me all over the place.
..still telling me "where the risk may lay" or is it a risk of a may-lay,lol.
Not really surprised your a well spring of practical & advanced fx knowledge, but I'm not sure your Basket RSI indi offers much advantage over the default MACD that comes in MT4. If so what is it? Maybe I haven't been using it long enough yet to see it's benefits.
Attached Image (click to enlarge)
Click to Enlarge Name: ! # new p&f pippicoat junction.gif Size: 39 KB
  • #122
  • Dec 28, 2009 3:10pm Dec 28, 2009 3:10pm
Quoting 45Fxguy
Not really surprised your a well spring of practical & advanced fx knowledge, but I'm not sure your Basket RSI indi offers much advantage over the default MACD that comes in MT4. If so what is it? Maybe I haven't been using it long enough yet to see it's benefits.
Thanks,
Yeah the basket does lag a bit, doesn't it.
I had an idea for a rsi basket that's all.
As the old saying goes "at least we tried".

Speaking of MACD,
Had some time over the past few days to hack some indicators.
Maybe you'll like this one,
Schaff trend cycle and mtf cycle indicator.

Instructions are simple:
Put both Schaff Trend Cycle and Rip Swing Point into your indicators folder.
Run "RIP Swing Point".
I found the architecture here:
http://www.forex-tsd.com/indicators-...icators-4.html
Needless to say, I've modified it.
Runs off cycles now( 2timeframes) 1 large( big box) 1 small( small box)
Green is buy; red is sell.
Green followed by Red; Red followed by green.
Targets are open but can be those unresolved PA Stars.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: schaff trend cycle mtf.gif Size: 17 KB
Click to Enlarge Name: schaff trend cycle mtf #2.gif Size: 17 KB
Attached File(s)
File Type: mq4 RIP swing point.mq4   15 KB | 3,044 downloads
File Type: mq4 Schaff Trend Cycle.mq4   4 KB | 2,529 downloads
  • #123
  • Edited 6:59am Dec 29, 2009 5:51am | Edited 6:59am
Looks very good on 4hr, thanks for sharing, will start testing today.
Hopefully market moves better today than it did yesterday.
If not guess we can always try it in the simulator/back-tester.
You might help turn me pro yet. Great holiday gift for all that follow this thread.
Appreciate your generosity ...
PS:
Thought you had posted this indi here but just checked didn't see it, maybe you can take a look see if you think the logic mm etc is good in it? If & when you have a moment.
later,
45
PSS: You ever use p&f at all, I think it shows off s&r levels even better than renko charts do & on chart version may have less lag issues too I think.

Trade was good for 30 pips even though very late entry.
Attached Image (click to enlarge)
Click to Enlarge Name: ! # new p&f pippicoat junction beta.gif Size: 41 KB
Attached File(s)
File Type: mq4 Risk vs Reward Ratio.mq4   7 KB | 1,230 downloads
  • #124
  • Edited 7:15am Dec 29, 2009 6:29am | Edited 7:15am
http://www.forexfactory.com/showpost...&postcount=632

"Go to Barchart.com. Find 20 day ATR for E/J multiply by .08... 1.780x.08=.1424. I have used this calculation throughout most of my testing and trading. The box size has been at 14 for weeks. I left something out of my original post that should be included. I am sorry for any inconvenience. There is, and has always been, a First Failure rule employed with this method. Existing points of reversal are not traded. For example if DUU, and pattern completion price is at a point where price reversed once before (did not make a continuation), no trade is entered until a continuation of one more box takes place...DUUU. Once again, sorry for any inconvenience, and remember, this is not trading advice, only the way I trade Renko. A clarification...on IB Historical charts 90 day ATR is, as of today, 1.9756. X .07=.138392, or .14.",
Pippopotamus.

Mr Jacson101,
Is it possible to do this in MT4 too, or make a simple indi in MT4 to calculate it without having to go to barchart.com?
Want it more more p&f than renko, but should help on both.
Tired to use the dxtrade 45fxguy info indi to calculate this, but not very close to his number..
  • #125
  • Dec 29, 2009 10:05am Dec 29, 2009 10:05am
Quoting 45Fxguy
Looks very good on 4hr, thanks for sharing, will start testing today.
Hopefully market moves better today than it did yesterday.
If not guess we can always try it in the simulator/back-tester.
You might help turn me pro yet....
Hi 45,
Nice trade.

I don't really like the default time settings on "Rip Swing Point".
Try Short period -240- Long Period -1440-. Reason being it is much more "harmonic".This way for every long period signal you'll get approx. 3 short period signals and vice versa. Possibly making it much easier to trade the waves in between as well as help you anticipate moves better.
So, big green box(1440)= 3 small green boxes(240) then reversal.
big red box(1440)=3 small red boxes(240) then reversal.
No guarantee's lol.

I'll have a look at that r/r indi. Not sure about that ATR calc. you need to elaborate.
PS. I'm supposed to be on vacation.
Attached Image (click to enlarge)
Click to Enlarge Name: schaff trend cycle mtf #3.gif Size: 19 KB
  • #126
  • Edited 12:51pm Dec 29, 2009 10:28am | Edited 12:51pm
Quoting jacson101
Hi 45,
Nice trade.

I don't really like the default time settings on "Rip Swing Point".
Try Short period -240- Long Period -1440-. Reason being it is much more "harmonic".This way for every long period signal you'll get approx. 3 short period signals and vice versa. Possibly making it much easier to trade the waves in between as well as help you anticipate moves better.
So, big green box(1440)= 3 small green boxes(240) then reversal....
Sorry didn't know your on vacation, that's one job way too easy to take home with you isn't it?

I may have to try the ATR cal Pippopotamus' way a few times & get back with him 1st anyway, if I'm still having trouble with it.
When I understand it better & it's benefits then I'll get back with you.

I'll give those new settings a try. I only got two trades in this morning. Was trying to figure out what was maxing out my cpu usage again. Think it was the on chart P&F indi.

Playing with your indi settings.
Think maybe 15 short and 240 long is ok if you want plenty of entry & exit signals for scalping 20 to 50 pips on 4hr charts with HighLowMode turned on, but will see.
Also trying FastMA 9, & SlowMA 18.
  • #127
  • Edited 7:03pm Dec 29, 2009 6:00pm | Edited 7:03pm
Quoting 45Fxguy
Sorry didn't know your on vacation, that's one job way too easy to take home with you isn't it?...
I think your right, but if your not don't worry about it.
I'm sure there'll be some bugs, different settings and the like.

A wise old man whom never taught,lol, talked to me a lot about sticking to what works.
No learning curve with the wise old ones.

I'd much rather speculate on where Euro/jpy will be in the new year.
I've got some tp's right above the big 116 figure, 116-ish, you?

Have a good one and new year.
  • #128
  • Dec 29, 2009 8:35pm Dec 29, 2009 8:35pm
Quoting jacson101
I think your right, but if your not don't worry about it.
I'm sure there'll be some bugs, different settings and the like.

A wise old man whom never taught,lol, talked to me a lot about sticking to what works.
No learning curve with the wise old ones.

I'd much rather speculate on where Euro/jpy will be in the new year.
I've got some tp's right above the big 116 figure, 116-ish, you?

Have a good one and new year.
Your guess is probably better than mine, it's been that low before, but I'd be very surprised if it got that low within 3 to 6 months.
  • #129
  • Dec 30, 2009 6:45am Dec 30, 2009 6:45am
May need to check the indi for repaint issues. This was test demo trade took last night before going to bed & I don't remember seeing those green dots below, but then again I had the chart zoomed out quite a bit too I think, so maybe could have missed it. Would it be hard to change the default buy signal color to aqua blue instead of dark green? I can probably do it myself if I have a look at the code, but thought maybe you could drop a hint on how to do it.
It doesn't show up very well on the darker backgrounds which I usually like to use. I changed it under inputs and re-saved as template, but it always falls back to it's defaults colors some reason.
later,
45
Attached Image (click to enlarge)
Click to Enlarge Name: ! # rip 4hr scalper 1st loss.gif Size: 18 KB
  • #130
  • Dec 30, 2009 10:48am Dec 30, 2009 10:48am
Quoting 45Fxguy
May need to check the indi for repaint issues....

Yeah, but's it not a repaint as popular belief would have. It's more like an offset if my understanding is correct.
The orginal algo has what seems to be a time delay, again this is an anticipatory indi based off a Schaff Trend Cycle.

Anyhow here's another interesting indi. which I found over here:
http://www.forex-tsd.com/indicators-...indicator.html

Coppock Curve:
http://en.wikipedia.org/wiki/Coppock_curve

Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: coppock curve.gif Size: 24 KB
Attached File(s)
File Type: mq4 Coppock Curve CCT.mq4   7 KB | 1,779 downloads
  • #131
  • Dec 31, 2009 12:49pm Dec 31, 2009 12:49pm
Quoting jacson101
Yeah, but's it not a repaint as popular belief would have. It's more like an offset if my understanding is correct.
The orginal algo has what seems to be a time delay, again this is an anticipatory indi based off a Schaff Trend Cycle.

Anyhow here's another interesting indi. which I found over here:
http://www.forex-tsd.com/indicators-...indicator.html

Coppock Curve:
http://en.wikipedia.org/wiki/Coppock_curve

Cheers.
The Coppock Curve looks pretty good, & may make entry/exit signals much easier to see than the way macd shows them. Will have to test that one on renko charts too. Thanks again for sharing...
Attached Images
  • #132
  • Jan 1, 2010 1:58pm Jan 1, 2010 1:58pm
Quoting 45Fxguy
The Coppock Curve looks pretty good, & may make entry/exit signals much easier to see than the way macd shows them. Will have to test that one on renko charts too. Thanks again for sharing...
Anytime 45-
One thing I must admit-
I share the view with those who feel indications are only indications and that price, and its action are the true drivers.
As I had mentioned, for a long time I've found the application of math in financial markets intriguing and this is because of my predisposition to it's effects on the proprietary risk taking side of FX and not necessarily my education.
There seems to be a good collection of indication stuff here now.
Take all the empirical's with a grain of salt as more than half this stuff is trash and should not be used.

Regards.
  • #133
  • Jan 2, 2010 8:06am Jan 2, 2010 8:06am
Quoting jacson101
Anytime 45-
One thing I must admit-
I share the view with those who feel indications are only indications and that price, and its action are the true drivers.
As I had mentioned,...
I agree 100%, I just look at new indis now & again mostly for the fun of it.
Started an indi free thread which didn't catch much attention, but think I can trade just as well if not better without them.
For me it's mostly just about being at the right pair/cross at the right time to see a good setup, & to get in/out well before the trend is nearly over.
Anyway here's one more I ran across today also recommended by a pro trader, but haven't looked at it myself yet.
http://www.forexfactory.com/showpost...46&postcount=1
  • #134
  • Jan 2, 2010 6:20pm Jan 2, 2010 6:20pm
Quoting 45Fxguy
I agree 100%, I just look at new indis now & again mostly for the fun of it.
Started an indi free thread which didn't catch much attention, but think I can trade just as well if not better without them.
For me it's mostly just about being at the right pair/cross at the right time to see a good setup, & to get in/out well before the trend is nearly over.
Anyway here's one more I ran across today also recommended by a pro trader, but haven't looked at it myself yet.
http://www.forexfactory.com/showpost...46&postcount=1

Am I here to amuse you?
I'm guessing it's important to have fun while waiting for punts(trades), it adds colour to one's life.
And if I were to start guessing, I would say your trying to ride me now pal.

There's probably a good chance I will never "on God's green earth" use the Double Smoothed Bressert Stochastic in a trade whatsoever, but thanks.

Aloha,Good luck to you, 2010 should be fun.
J
  • #135
  • Jan 2, 2010 9:30pm Jan 2, 2010 9:30pm
Sorry man no intent to play you. That didn't come out quite right I guess, but as far as I know there are not any indicators that can see into the future yet.
With or without indicators, we are just trying to speculate what's going to happen next based on what has already happened.
Do you know any currency strength indicators that work differently?
  • #136
  • Jan 18, 2010 9:12pm Jan 18, 2010 9:12pm
Quoting CatPreacher
I've been thinking about what you ask in your question. There are several ways to answer that.

[list=1][*]volatililty of pairs as found at http://www.mataf.net/en/tools/forex-volatility would give you a good idea of what has been moving in the last x hours. That should help find the best during the day.[*]Part of that depends on when you trade. Certain sessions have pairs with greater likelihood of making big swings during those times. Attached is what I can find in my files to help...

Do you think the figures in the cheat sheet are true? I hadn't heard of the author before. It seems great.
The greatest force on earth is compound interest.
  • #137
  • Edited 10:12pm Jan 18, 2010 10:10pm | Edited 10:12pm
Quoting sebastionay
Do you think the figures in the cheat sheet are true? I hadn't heard of the author before. It seems great.
Hi Sebastianay,

The cheat sheet in the attachments within this post http://www.forexfactory.com/showpost...2&postcount=56 I think is generally reliable. This is a good time to also post another file from another thread that I think gives some confirmation to this cheat sheet. It also is a good thread to study. The thread is here: http://www.forexfactory.com/showthread.php?t=201414

Best wishes,

Cat Preacher
Attached File(s)
File Type: pdf MTF TRIX v1.4.pdf   1.5 MB | 3,105 downloads
  • #138
  • Jan 18, 2010 10:25pm Jan 18, 2010 10:25pm
Thanks very much. Ive been trend trading but mainly using raw price action and fibb/psych levels. Interested to see what this has to offer
The greatest force on earth is compound interest.
  • #139
  • Sep 5, 2010 10:33am Sep 5, 2010 10:33am
Quoting jacson101
I think your right, but if your not don't worry about it.
I'm sure there'll be some bugs, different settings and the like.

A wise old man whom never taught,lol, talked to me a lot about sticking to what works.
No learning curve with the wise old ones.

I'd much rather speculate on where Euro/jpy will be in the new year.
I've got some tp's right above the big 116 figure, 116-ish, you?

Have a good one and new year.
Hi jacson101,

How's it going?

Looks like your prediction came true and then some. Will it go even lower?
How did you guys do it?

Do you ever trade with pin pars, if so do you have any recommendations for those input settings on the Price Action indi for different pair/crosses and time frames?

I see you've been racking up the FF vouches, congrats on that.
Attached Image (click to enlarge)
Click to Enlarge Name: beovb 4-01-2001 106.67.gif Size: 40 KB
Attached File(s)
File Type: mq4 James 16 patterns.mq4   9 KB | 995 downloads
File Type: tpl v tops and bottoms etc with price action.tpl   3 KB | 731 downloads
  • #140
  • Sep 5, 2010 11:11am Sep 5, 2010 11:11am
Quoting jacson101
Hi 45,
Nice trade.

I don't really like the default time settings on "Rip Swing Point".
Try Short period -240- Long Period -1440-. Reason being it is much more "harmonic".This way for every long period signal you'll get approx. 3 short period signals and vice versa. Possibly making it much easier to trade the waves in between as well as help you anticipate moves better.
So, big green box(1440)= 3 small green boxes(240) then reversal....
Something borrowed from Petar's new thread. Maybe finally something new in the price action world.
Looks good with your rip swing points.
Attached Image (click to enlarge)
Click to Enlarge Name: petardo with ripswing points.gif Size: 35 KB
Attached File(s)
File Type: mq4 NewPetardo.mq4   6 KB | 1,912 downloads
File Type: mq4 Petar3BarPattern-v1.mq4   6 KB | 1,879 downloads
File Type: mq4 Petardo.mq4   4 KB | 1,780 downloads
File Type: tpl petardo with ripswing points.tpl   32 KB | 1,348 downloads
File Type: mq4 Comment Indicator.mq4   8 KB | 1,537 downloads
File Type: mq4 RIP swing point.mq4   15 KB | 2,011 downloads
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