Time Cell Trading

Hi bcarbon
It's pleasing, that you set RSI to 5, I've done it several years ago. Could you be so friendly and post a chart with it here at this thread, please, with your comments and explanation, so we all could follow your ideas, please?. Have you test it over all timeframes?

Kindest regards
FXcube

Profit: +1'456 pips http://cdn.forexfactory.com/images/s...m/thumbsup.gif

http://twitter.com/triggFX

EURCHF, H4

The last three H4 candles are indifferent.

Market price seems for me a fair price for going north.

H4 shows a regular positive divergence.

My trades are Enter Long at 1.3335 just now with 3 position.

Target: 1.3420 (1.344Pivot D) / 1.3480 (1.34902 R1) / 1.356 (1.35867 R2)

---

The yellow circles indicates possible entries and exits at the H4 timeframe.

250.-$ a Day
Demo Account
Beginning Date: 2010 August 13
Deposit: 5'000.- $
Equity: 5'142.- $

...how to add-up positions, see #175, please.

To be honest, since late last week I have spent most of my time searching for the right indicator rather than trading. There are thousands of indicators to try and very little time, so I cannot tell you how they work in different time frames because I have not tried them yet .
However few months ago I used a very successful system in M5 that used RSI but it did stop to work for whatever reason.
Nevertheless, here is the chart with some interesting RSI indicators. Not exactly what I want.



The green divergence lines on window 2 and PA are drawn by the indicator.

AUDCAD, H1 Trade Example & Add-Up positions

Buy and sell when CCI(14) is at the extreme levels at the murrey math. lines.

Preferred Trade: P1 (Enter Short), P2 (Exit)

Trades in between times: P3 (Enter Long), P4 (Exit & Enter Short), P5 (Enter Short again), P2 (Exit all)

Add-up positions
If you would trade normally with 0.1 Lot so divide it by 10 and split 0.01 x 10, if you trade regularly with 1 Lot per trade so you should divide by 10 and partition 0.1 x 10. So the trades could often be made with a maximum of 10 incremental positions (IP's) of 1 Lot or 0.1 lot or whatever you pay for your average trade.
Example: P1 enter short with 3 positions till P2 and exit here. P3 enter long with 2 positions and exit at P3. At P3 enter short with 2 positions again, P5 enter short with 2 positions once more,... and exit all positions at P2.

Maximum incremental positions which has been used in this example: 7 IP's (incremental positions) in a downward market movement from P1 till P2.



To the topic "Add-up positions", see also at p.12, #175 ,please.

hi FOREXCUBE, thank you for your hard work and your giving... my MURREY MATHS has all different colors.. how can i have mine blue like yours on your chart?.Thanks

Jean

Hello Jean


See attachment, please.

I have change the code of this indicator:

http://cdn.forexfactory.com/images/attach/mq4.gif Murrey_Math_MT4_VG, 2010.mq4

like this:

mml_clr[0] = MediumBlue; // [-2]/8
mml_clr[1] = MediumBlue; // [-1]/8
mml_clr[2] = MediumBlue; // [0]/8
mml_clr[3] = MediumBlue; // [1]/8
mml_clr[4] = MediumBlue; // [2]/8
mml_clr[5] = MediumBlue; // [3]/8
mml_clr[6] = MediumBlue; // [4]/8
mml_clr[7] = MediumBlue; // [5]/8
mml_clr[8] = MediumBlue; // [6]/8
mml_clr[9] = MediumBlue; // [7]/8
mml_clr[10] = MediumBlue; // [8]/8
mml_clr[11] = MediumBlue; // [+1]/8
mml_clr[12] = MediumBlue; // [+2]/8

Hope it helps!

Best wishes to Hobart!
FXcube

Profit: +1'463 pips http://cdn.forexfactory.com/images/s...m/thumbsup.gif

http://twitter.com/triggFX

Demo Account: 5'000.-$
Beginning Date: 2010 August 13 Friday

http://twitter.com/triggFX
http://www.myfxbook.com/members/triggFX


Equity: 5'705.-$

Profit: +705.-$

I found a very nice CCI divergence indicator. It draws the lines on both CCI and PA, red for bearish divergence and green for bullish. It even gives an alarm when a divergence is detected not only a sound alarm but also a pop-up alarm.


The last signal was given at 1.2832 and when I took the pic it was up to 1.2887
a gain of 55 pips

Hello bcarbon

Is it possible, that you might post it here at this thread, please, so that everybody could benefit from it,... and if yes, ...then in *mq4 please, (not *.exe)....thank's,...mille fois merçi...

Looks great!

Got into the first a bit early at 1.28600 with CCI at -200 and RSI at -75 and MM line 1/8. PA continued down so got out; I was a bit worried about the downward movement of the CCI on the M15, Thought there might be a trend change. Lose of - 17.7 pips. A few minutes later PA when to -1/8 and CCI and RSI were moving up so another buy at 1.28447, which I rode up until PA got soft and I got out for 24 pips. I noticed that sometimes PA will continue down after CCI hits bottom and then turns up, that happened here.

Can you share cci divergence indicator?

Thanks.

Enjoy !!!

CCI_divergence

Hi FOREXCUBE, thank you so much for the change of colour. best regards.

Jean

I'm, happy for you!

see e.g. http://fxpath.com/2010/05/31/forextr...thdivergences/


Learn Forex (FXpath.com) – Price-oscillator divergences in the forex market are instances when there is a technical imbalance between the price movement on a currency pair and an oscillator’s movement. Divergences should not be considered complete, self-contained trading strategies. Rather, they should be regarded as signals that warn of some potential impending directional bias. As such, divergences are not standalone indicators – they should confirm or be confirmed by other technical indications.
The oscillator that is used to identify divergences can be any of a number of different chart studies that can be found on any forex charting platform. These include: Stochastics, Relative Strength Index (RSI), Moving Average Convergence/Divergence (MACD), MACD Histogram, Rate of Change (ROC), Momentum, Commodity Channel Index (CCI), Williams %R, or any other oscillator that travels between defined horizontal bounds.
Once an oscillator is chosen, the process of searching for divergences is straightforward. There are two types of divergence that every technical forex trader should be aware of: regular divergence and hidden divergence.
Regular divergence is the most popular type, and it is what most traders mean when they refer to the general concept of divergence. Regular divergence serves as an early potential signal that a loss of momentum and a potential price reversal may be in the making.
The signal is manifested in an uptrend when price makes a higher high while the oscillator makes a lower high. This is called bearish regular divergence, and warns of a potential reversal and possible subsequent move to the downside. The opposite is called bullish regular divergence and occurs during downtrends. In a bullish divergence, price makes a lower low while the oscillator makes a higher low. In both cases, bearish and bullish, the oscillator diverges from price, giving an indication that price momentum in the currently prevailing direction may be waning.
If either type of regular divergence is identified on a currency chart, forex traders should immediately seek confirmation of a potential reversal before taking any trading action. This confirmation can take many forms, and usually involves other technical indications like a trendline or moving average break, a reversal candle pattern, or some other chart reversal pattern.
In contrast to regular divergence, the second type of divergence, called hidden divergence, can be considered the polar opposite. This signal is also a technical imbalance between price movement and oscillator movement. But instead of signaling a potential reversal, hidden divergence is used primarily to signal a potential continuation in the prevailing trend. As with regular divergence, there are also two basic manifestations of hidden divergence.
Bearish hidden divergence usually occurs during a downtrend, and is characterized by price making a lower high while the oscillator makes a higher high. In this case, price and the oscillator are diverging in their signals, but the overriding signal that should be taken from an occurrence of bearish hidden divergence is a potential continuation of the lower highs in price, which is the equivalent of a potential continuation in the prevailing downtrend. Bullish hidden divergence usually occurs during an uptrend, and is characterized by price making a higher low while the oscillator makes a lower low. In this case, price and the oscillator are diverging in their signals, but the overriding signal that should be taken from an occurrence of bullish hidden divergence is a potential continuation of the higher lows in price, which is the equivalent of a potential continuation in the prevailing uptrend.
As with regular divergence, confirmation should also be sought for instances of hidden divergence before any trades are actually placed. This confirmation can also take many forms, and usually involves other technical indications.
Divergences are common and useful signals that are best utilized as warnings, or confirmations, of potential reversals (regular divergence) or potential trend continuations (hidden divergence).

James Chen, CTA, CMT (bio)

Here it is for CCI divergence.


For RSI you need the following two indicators the same window.

.

I have noticed that it is better to use the CCI divergence indicator signals from M15 and up since lower tfs swings are not that big. However, this is my personal preference. Maybe you might like differently.