Central Banks & Big Players

im doing forex crayola book coloring... you guys will never find out what that is

I use Meta Trader as my trading platform and as we know there's no 5 second time frame, how to get around this? Is 1 minute chart too slow?

https://fxtrade.oanda.com/your_accou...er/game/signup

here is where you can get the flexchart expert advisor that produced these 5 sec charts for mt4:
http://www.forexfactory.com/showthread.php?t=222230 post #7


--ZZ

http://cdn.forexfactory.com/images/buttons/quote.gif

-zz

how did you get it to work? Sorry dont know how to use it properly?

I missed these. Thumbs up on these entries in theory though?

First one could have been a break even, but moved enough for a partial win or early exit.
Second one is currently working out.

Also looks good for a partial win.
Is giving some re-entries currently.
Had a lot of signals in the opposite direction. Would have had to rely on looking for breaks of S/R.

guys ... i don't even know what to say anymore, honesty, like really honestly I can't believe it

THE NEW YORK OPEN TOOK IT ALL THE WAY DOWN WITH NO TURNING BACK THIS IS AWSOME, LONG LIFE NY

Floating at fu**** 91 pips

put the FlexiChart.ex4 in the mt4 experts folder. "MetaTrader 4" experts

IO Utils.ex4 and Offline.ex4 files, go into your folder "MetaTrader 4" expertslibraries

here is where you can get the the files if you do not have them
http://www.forexfactory.com/showthread.php?t=222230 post #7

then open a new m1 chart and add the expert to the chart with settings in photo below


http://i47.tinypic.com/9bkks0.jpg


In the top corner the expert tells you what offline chart to open GBPUSD M8

http://i50.tinypic.com/2prbi9i.jpg


Open offline chart GBPUSD M8

http://i49.tinypic.com/feq8vs.jpg

Pick chart and open.

http://i50.tinypic.com/1p7c0j.jpg

Now you should have a "GBPUSD M8 (offline) 00:00:05 Bar" chart open and generating 5 sec bars.

Enjoy.
-zz

PS there is also an expert called ExtremeBar.ex4 that will alert you when price moves over a set amount in a set time period. for example you can set volatile pairs to 12 pips in 5 sec for GBP/JPY. This expert monitors multiple pairs at once and shows direction and time of last alert.

here is where you can get the extreme bar alert expert for mt4:
http://www.forexfactory.com/showthread.php?t=222230 post #2

0 SL

http://i46.tinypic.com/2l8gr49.jpg

It's shame to set 0 SL because they are many trade with a little retracement witch are still valid.

A minimum 3 pip/4 pip, with a 5/6 pip average could allow you a better return in long term.

But I admit, 0 SL trades are very impressive

A good idea could be setting a SL on 1/2 of the signal >8 pip candle. It take in count the volatility
8 pip candle = 4 pip SL
10 pip candle = 5 pip SL

Hey pippers! I want to say a big THANK YOU to Tony112 for sharing this. I have only started reading this thread, and for the past 6 years of trading forex/teaching forex/designing systems/writing EA's/you name it, I have only been looking for one thing-SIMPLICITY. KISS. I have visited the FF board a lot, but never took the time to register or participate because nothing called me to do so. After reading just the 1st page or 2 of this thread, I skipped to the end, and started reading backwards through it. I got up this morning- jacked , and set u my charts on a 8 sec chart. I re-did my risk calculation based on a 3 pip SL. My lot size OBVIOUSLY went up. I went ahead and used the old lot size anyway, took my 1st trade during NY open, got emotional and celebrated, and got out at +10. WOW. I am going to read through this thread in it's entirety, and contribute to it as I can. I learned very early on that one of the best indicators of all time is PRICE. WHy do I need anything else to tell me what price is doing? Seems obvious! If an RSI, MACD, Ichimoku, Stoch, or any other Indicator can tell me price is about to drop, doesn't it also make sense that price itself ill tell you it's about to drop? This is so simple it's beautiful. I can go on, but won't for now, suffice it to say, THANK YOU TONY!

one last time today. Last day of month and a Friday before holiday, I took what I could... +45 pips

-zz

http://i45.tinypic.com/34ybc76.jpg

Here is the indicator that plots lines every 10 pips for easy reference on 5 sec charts

ZZ Hi.

when you say "institutional consolidation" what do you mean ?

Thanks.

institutional consolidation by big players occurs in zones around 00's 20's 50's and 80's


for example you may see movement in a nice clean 10 pip range 112.20-112.30 and then a clean fast break.

Look at what and where the price breaks away from. Compare false breaks, with no continuation with successful entries that win with 0SL
I find most winners come from breaks that started at institutional consolidation levels.

-zz

guys. honestly.

the New York Open today took it to a point of no return and netted me a 2nd consecutive trade EPIC WIN for more than 100 PIPS 2 TIMES in a row guys. there is no exaggeration here at all: The ny open took me to a success level I have never even witnessed in my life before. 2 consecutives epic wins of more than 100 pips on maximum leverage gave me a multiplying factor of 2.8 aprox. on my whole bank account.

The total amout of money I have in my bank account was multiplied by 2.8 in 1 week, risking a total of 8 pips for both trades. I am wishing you a really, really nice week-end all. Pray for me.