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  • #841
  • Feb 10, 2010 9:20pm Feb 10, 2010 9:20pm
Here's my current list of programming possibilities:

1) Dashboard General

 

  1. a) Global Setting for Alerts On/Off
  2. b) Positioning of Dashboard Sections

  1. i) Configurable location for each section of the dashboard
  2. ii) Configurable column positons (within each section)
  3. iii) Logo Postion
  4. c) Ensure processing doesn't occur for sections that are not displayed
  5. d) Candle Clock
  6. e) Two Configurable MA (for every time frame) with adjustable alerts band for each.
  7. f) MA cross alert
  8. g) News Indicator
  9. h) mtf Candle pattern display eg inside/outside bars
  10. i) H4 candle S&R levels can be different depending on broker
  11. j) Pivot Indicator
  12. k) Strength Indicator
  13. l) Auto Fib indicator
  14. m) email alerts
  15. n) Trade signal based on stratman strategy
  16. o) Change background color indicating long or short bias for n)


2) Dashboard Hours

 

  1. a) Alert (adjustable) for percentage ADR of yesterday, weekly, monthly exceeded


3) Dashboard Fractals

 

  1. a) Change alert message to show direction (long/short)
  2. b) Proximity to fractal alert
  3. c) Larger arrows
  4. d) Adjustable Max Bars for backtesting


4) Dashboard THV

 

  1. a) Cloud adjustable multi-timeframe alerts
  2. b) Add a Histo Lamp based on MACD style histo on Trix indicator
  3. c) Alert box for thv lamps in one row all same color


5) THV Trix Indicator

 

  1. a) Color of slow/fast trix is not correct sometimes - bug fix
  2. b) Add a MACD style histogram
  3. c) mtf ability


6) THV Coral Indicator

 

  1. a) mtf ability


7) Mini Charts

 

  1. a) Minicharts don't automatically refresh when metatrader openes - bug fix
  2. b) Add macd option
  3. c) Add traders dynamic index option
  4. d) User configurable indicator option
  5. e) MA Style option

  • #842
  • Feb 10, 2010 9:43pm Feb 10, 2010 9:43pm
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd 15 min.gif Size: 28 KB


I sold at the trend line and made 10 pips , its against the trend and it may have more, or it may break the trend line and continue up ,, but getting tired.
Have a good trading day.
fishman356
  • #843
  • Feb 10, 2010 9:52pm Feb 10, 2010 9:52pm
The new and improved DB will be great. I can tell your a perfectionist.
Thanks for all your hard work . Hope your watching eur/uds its going to break one way or the other.
Good Day
fishman356
  • #844
  • Feb 10, 2010 10:34pm Feb 10, 2010 10:34pm
Quoting stratman
This is why I don't like entering around news ... 80 pip spike

Attachment
Agree with you. Its a gamble which can go either way. Understand that there was news about AUS Employment Change which triggered the spike.
  • #845
  • Feb 10, 2010 10:38pm Feb 10, 2010 10:38pm
Quoting fishman356
Attachment

I sold at the trend line and made 10 pips , its against the trend and it may have more, or it may break the trend line and continue up ,, but getting tired.
Have a good trading day.
fishman356
Still hovering around the trend line, no clear breakout as yet.
  • #846
  • Feb 10, 2010 10:58pm Feb 10, 2010 10:58pm
Quoting stratman
You weren't following the rules of trading with the trend ie you need to be trading away from the moving average. See my pic ... you entered the trade when there wasn't enough 'space' to the ma in the direction you traded.

Check out the video trading with the trend on my web site.

Attachment
Thanks for analysis Stratman.
You have three lines on your chart. The golden colored line seems to be the Compass and I am not sure about the white and the light blue line. BTW isn't the compass supposed to be a MA.
Pls clarify further.
Cheers
  • #847
  • Feb 10, 2010 11:10pm Feb 10, 2010 11:10pm
Quoting stratman
Here's my current list of programming possibilities:

1) Dashboard General
[list][*]...

Wow thats a long list of features. Newbies like me will have to work harder to understand all the features to make sense for us.
  • #848
  • Feb 11, 2010 1:08am Feb 11, 2010 1:08am
Generally speaking you should have a longer term view and shorter term view. I prefer 60 period MA on each timeframe ie the same as the coral.

On my chart I currently have 3 MA as follows (on M15 chart):
1) White: from lower time frame ie 60 period M5 becomes 30 period on M15
2) Brown: 60 period on M15
3) Blue: higher time frame ie 60 period from H1 becomes 240 period on M15

Note that I don't consider M30 when looking for the next hgher or lower timeframe and you can decide what type you use eg SMA, EMA etc.

If I'm viewing H1 then will be 60 period from M15 and H4 ... see if you can work out what these become on H1?


Quoting novice198
Thanks for analysis Stratman.
You have three lines on your chart. The golden colored line seems to be the Compass and I am not sure about the white and the light blue line. BTW isn't the compass supposed to be a MA.
Pls clarify further.
Cheers
  • #849
  • Feb 11, 2010 1:12am Feb 11, 2010 1:12am
going to try to keep this as simple as possible ... may have to supply a number templates to make it easier on people

Quoting novice198
Wow thats a long list of features. Newbies like me will have to work harder to understand all the features to make sense for us.
  • #850
  • Edited 2:01am Feb 11, 2010 1:57am | Edited 2:01am
Nice trade setup on the GBPUSD just now. Price on 15min hit resistence with double top at Daily Pivot and some divergence showing. This set up a THV Short on the 5min at 1.5640. Initial Stop at 1.5660. All Out for 26 Pips. Feel free to cast opinion/suggestions on my interpretations.... :o)

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 15 11Feb10.jpg Size: 263 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 5 11Feb10.jpg Size: 263 KB
  • #851
  • Feb 11, 2010 2:08am Feb 11, 2010 2:08am
Really good ... you followed everything well ... keep posting as many trades as you can.

Quoting HammerNail
Nice trade setup on the GBPUSD just now. Price on 15min hit resistence with double top at Daily Pivot and some divergence showing. This set up a THV Short on the 5min at 1.5640. Initial Stop at 1.5660. All Out for 26 Pips. Feel free to cast opinion/suggestions on my interpretations.... :o)

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Attachment
  • #852
  • Feb 11, 2010 4:21am Feb 11, 2010 4:21am
Quoting novice198
I entered the following EU short Trade
Enter Price 1.3774
SL 1.3791
TP1 1.3762 (slightly above DPV)
TP2 1.3752 (slightly above Sweet Spot of 1.375)
Entered trade basis 15M and 5M trade and actual entry on 1M TF.
However, I got stopped out. The SL was tight as I did not want a bearble R/R.
PA touched my SL and then tanked 7 mins later. Was it my bad luck or is there something I missed out while placing the Trade. If former I accept the loss (live account) and if later then I must learn more.

Experts / seniors pls analyse and comment.
Cheers
I think you've pointed out the problem yourself. Your stoploss was too tight and dangling in the middle of nowhere. Correct stop would have been 1.3814 (above the Swing High on 5 min chart). You could have got away with 1.3804 (above Sweet Spot of 1.3800). If these stops are too long for you (the second one is OK) then it's no trade.

The other thing is the swing High (on 5 min) was 1.3811 and the next swing Low 1.3776 so it has completed its swing. We're now waiting for another Swing High (which would be lower than the first one). So there HAD to be a retracement higher in all probability. Then you could have traded when price began to fall again and the 1 min Trix was red again.

Finally there was bullish divergence on 1 min and 5 min when you took the short trade which is a no-no!
  • #853
  • Feb 11, 2010 4:26am Feb 11, 2010 4:26am
Quoting HammerNail
Nice trade setup on the GBPUSD just now. Price on 15min hit resistence with double top at Daily Pivot and some divergence showing. This set up a THV Short on the 5min at 1.5640. Initial Stop at 1.5660. All Out for 26 Pips. Feel free to cast opinion/suggestions on my interpretations.... :o)

Attachment
Attachment
Textbook!
  • #854
  • Feb 11, 2010 4:40am Feb 11, 2010 4:40am
Stratman one word " awesome"!!
  • #855
  • Feb 11, 2010 4:59am Feb 11, 2010 4:59am
Another trade example - I'm assuming these are useful for others to see and for those to advise me - if not, tell me to shut up :o).

This trade, like the one before it, left lots (and lots) of pips on the table. I guess using this methodology I'm being a little too over-sensitive with bailing out which makes the risk/reward balance look uncomfortable - though it's easy to say that after the fact - if only the exits were easy eh.... ;o) Please feel free to comment.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 15 Long 11Feb10.jpg Size: 303 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 1 Long 11Feb10.jpg Size: 299 KB
  • #856
  • Feb 11, 2010 6:20am Feb 11, 2010 6:20am
Entered a short trade at 1.3735, fakeout came, followed the DB indicators that called for further downside possible. DB allowed me to stay in trade for a gain of 23 pips
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Feb. 11 07.18.gif Size: 27 KB
  • #857
  • Feb 11, 2010 8:53am Feb 11, 2010 8:53am
Quoting fishman356
Attachment

I sold at the trend line and made 10 pips , its against the trend and it may have more, or it may break the trend line and continue up ,, but getting tired.
Have a good trading day.
fishman356
Fishman Thanks for the cue. Was really helpful to understand how the trade develops. I hope you as well as Stratman keep posting such cues for the newbies like me to "see" how the trade is developing. Thereafter, it is upto each individual analyse and act thereafter.

Cheers
  • #858
  • Feb 11, 2010 8:55am Feb 11, 2010 8:55am
Quoting stratman
Generally speaking you should have a longer term view and shorter term view....
Thanks for the detailed explanation. Your patience with newbies much appreciated.
Cheers
  • #859
  • Feb 11, 2010 9:12am Feb 11, 2010 9:12am
Quoting castlebrook
I think you've pointed out the problem yourself. Your stoploss was too tight and dangling in the middle of nowhere. Correct stop would have been 1.3814 (above the Swing High on 5 min chart). You could have got away with 1.3804 (above Sweet Spot of 1.3800). If these stops are too long for you (the second one is OK) then it's no trade.

The other thing is the swing High (on 5 min) was 1.3811 and the next swing Low 1.3776 so it has completed its swing. We're now waiting for another Swing High (which would be lower than the first one). So there HAD...
Thanks for your analysis. Actually after I got stopped out I did realise that the SL was too tight, and as per natural Flow theory the PA had just about reached the the lowest point before retracing upwards. Thereafter, when the PA started falling, I realised that now I should enter, however, I was frozen with panic.
The irony is that after the SL the penny dropped as to how the trade was developing.
Somehow I did not spot the Divergence which is very clear now that you have pointed me in that direction. I agree it should have been a NO for taking a short Trade.
  • #860
  • Feb 11, 2010 1:07pm Feb 11, 2010 1:07pm
Please post as many examples as possible ... we're all here to help each other

Quoting HammerNail
Another trade example - I'm assuming these are useful for others to see and for those to advise me - if not, tell me to shut up :o).
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