Here is a pretty cool indicator for you guys!,,,Its kinda like a scoreboard to keep track of your performance,,,Enjoy
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I really like this scoreboard, but has anybody noticed that the daily percentages are calculated based on your starting account value and not what the account started out at for the day? I can see the yearly or even the monthly using the original account value, but wouldn't it be more valuable to use your daily starting value to see how your percentage is doing for the day? Or am I missing something here?
NeoRio... You suggested changing the name of the thread to 15M Swinger which is fine with me. Of all the emails I have sent to FF... I have never received a response... so how do we do this? Big E
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Have you tried PM to merlin or smjones?
They've both been around a while and might know how/ who to ask.
NeoRio... You suggested changing the name of the thread to 15M Swinger which is fine with me. Of all the emails I have sent to FF... I have never received a response... so how do we do this? Big E
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E... You have to go all the way back to the first page and then go into the Manage area. Not sure where exactly that is once you get there but as the thread starter you are the only one who has the admin rights.
NeoRio... You suggested changing the name of the thread to 15M Swinger which is fine with me. Of all the emails I have sent to FF... I have never received a response... so how do we do this? Big E
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I'm not sure how to do it, Big E. I imagine that if they don't give you (the starter of this thread) the option to change it by clicking on a series of links...then contacting the staff/administration would be the way to do it.
Hi Neo:
Hope everything is square between you and CH. If he read this forum he should realize you weren't trying to take money out of his mouth, just trying to help struggling traders turn their trading around using some commonly found indicators. It's a testimony to you to how much time and effort you give to others to help them, it is greatly appreciated. Do you think it would be ok to talk about IB's & OB's and how people use them on this thread to help the newbies, or would that be a bad idea, interested in your thoughts.
Jim
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Thanks for your kind words, Jim. I have apologized to CH and removed the youtube videos. He wrote me back and accepted my apology. I have respect and appreciation for him and for his teaching...the last thing I would want to do is to offend him or hamper his business. I'll leave the semantics of whether or not to close this thread down for Big E and CH to discuss and figure out themselves, as I did not start this thread.
IBs and OBs. Good question. There are many systems that are built around IBs (I haven't seen systems built around OBs as much as IBs, but I'm sure they exist). They are, however, a subject of their own. I have learned most of my IB knowledge from a guy named Jeff Wilde ( http://www.askjeffwilde.com/ ) He does a free training video every week that is based on Divergence and IBs (and a few other things), but very easy to understand. I'm not sure if we need to go so much in depth about IBs/OBs, because they're pretty simple. But if you really want to, here is a whole thread dedicated to IB trading: http://www.forexfactory.com/showthread.php?t=65946
Of course Steve Nison also has a chapter in his book(s) about IBs and how to trade them. What I will say in closing is that I have found that IBs/OBs are much more powerful on higher TFs and less powerful on smaller TFs. I think that goes for most candle patterns, actually. When I see an IB on the H1 and above (sometimes M30 also), I'll take more notice and give more credence to it than when seeing on on the M15.
I really like this scoreboard, but has anybody noticed that the daily percentages are calculated based on your starting account value and not what the account started out at for the day? I can see the yearly or even the monthly using the original account value, but wouldn't it be more valuable to use your daily starting value to see how your percentage is doing for the day? Or am I missing something here?
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I think you might be getting a bit turned around here. You DO want the indicator to calculate your % based on your full account balance, not based on what you started that day with. Because...they are the same value! You will always start your day with your "total account balance"...unless of course you are emptying your account to a bank account after each day of trading.
So when you see a trade showing you +2% account growth, that's reflective of your total account balance...and that's what you want to be seeing.
Hi:
Just wanted to make sure that Neo thinks it's ok, he was the one that was on the hot seat.
Jim
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Thanks for asking...but this is not my thread, per se. I don't see how discussing IBs/OBs could be considered harmful or bad. I'd suggest you pick Roger's brain (not sure what his FF handle is) as he's a great OB trader (he prefers OBs to IBs)...and he does a good job of "slaying the markets" every night (LO)...and lots of his trades are breaks of IBs and especially OBs.
I have read this thread from start to finish some time ago.
I submit for discussion, that the very fact that Craig has been a part of this thread and the fact that he voiced his affirmation to helping people learn HIS method on THIS thread, precludes him from any legal action.
The very fact that someone can use public domain information, such as a method that has been freely available for some time, coupled with the fact that HE himself has given the go ahead, leads any legal mind to understand that he now wants to stop this thread dead in its tracks, with a mere threat.
This is laughable.
No one in this thread should feel any problem at all with continuing.
If the thread is renamed or continued as it is is irrelevant.
His problem is that he has given his blessing to it some time ago and the minds that have come together here, have brought forth a BETTER product.
For that ALL of you should be proud!
Public domain information is just that, Public domain information.
I have read this thread from start to finish some time ago.
I submit for discussion, that the very fact that Craig has been a part of this thread and the fact that he voiced his affirmation to helping people learn HIS method on THIS thread, precludes him from any legal action.
The very fact that someone can use public domain information, such as a method that has been freely available for some time, coupled with the fact that HE himself has given the go ahead, leads any legal mind to understand that he now wants...
I think you might be getting a bit turned around here. You DO want the indicator to calculate your % based on your full account balance, not based on what you started that day with. Because...they are the same value! You will always start your day with your "total account balance"...unless of course you are emptying your account to a bank account after each day of trading.
So when you see a trade showing you +2% account growth, that's reflective of your total account balance...and that's what you want to be seeing.
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I'm not sure I follow. I agree that I want it to calculate my daily % based on my full acount, but this IS what I started the day with. For example, I started my demo account with $500 on June 6th. This morning my account was at $827.33. I made two trades today for a total profit of $105.66. I would expect my daily percent profit to read 12.77% profit, but in fact it reads 21.13%, which is the profit based on a starting value of $500. Am I still misunderstanding?
Hey guys. I have watched all of the videos a few times, and read much of this thread. I understand the basic fundamentals of this system.
There is just one thing that I don't think was made clear. Or as I was reading this thread it seemed people had different takes on this. And that is, if the range of the "Tokyo channel" is less than 40 pips from 22gmt - 4 gmt do you not trade that currency pair at all the rest of the day?
I have noticed that on the GBP/USD if the range does not exceep 40pips by 4gmt it usually does by at least 8-9gmt which is the London open.
So at the point the range does exceed 40 pips after 4 gmt is it ok to trade this system and expect 30-60 pip swings. Or should we not trade the pair until the next tokyo channel exceeds 40 pips on another day.
I'm sorry if this question is redundant. But like I said I saw different people give different answers to this throughout the thread. And I'm just wondering now after 6 months of using this method is there a consensus on whether or not it's ok to use this method even if the pair didn't exceed the range until after 4 gmt.
When Tokio chanel range is small i expect break out of the range and will not trade inside it. If it is much wider it is more usuall price will stay inside it for longer time and it means bounses are very posible and more likely.
Hey all, havent posted in this thread for awhile been busy with the trading. Just a question - after we enter a trade (when all criteria are met) sometimes, the when the candle we entered on has finished the stochs change from the correct angles and finish up a no trade angle. This is annoying when backtesting, what are peoples views on this?
I'm having difficulty installing some indi's. I have no problem if they have the EX4 extension and pop them into the experts/indicators folder then they show up in the navigation pane under custom indicators. But I've been trying to place MQ4 indi's that I got a while back on the thread but cant see them after I install them. Help?
