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  • #3,321
  • Oct 27, 2010 3:27pm Oct 27, 2010 3:27pm
Quoting MephistoII
Was wondering if tjfxtrader, or anyone else, could provide more info on where to acquire this indicator. I've spent some time searching, but so far have come up empty handed. I did come across some interesting stuff about 'Master Candles'

Thanks for any help!

try here
http://codebase.mql4.com/4951
  • #3,322
  • Oct 27, 2010 4:10pm Oct 27, 2010 4:10pm
Quoting MephistoII
Was wondering if tjfxtrader, or anyone else, could provide more info on where to acquire this indicator. I've spent some time searching, but so far have come up empty handed. I did come across some interesting stuff about 'Master Candles'

Thanks for any help!
I think you should go to metaquotes website, there are several versions of it there. www.mql4.com click on Code Base and see all indicators, it might take you some time to search thru everything there

Edit: Warning! Don't download any of the free EAs there, I believe you love your account balance. (Just after Thought tho)
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #3,323
  • Oct 27, 2010 5:39pm Oct 27, 2010 5:39pm
Thanks, guys, for your quick response - much appreciated! These stacked time frames put an interesting twist on one's perspective, although I think it will take some screen time to train my eyes.

P.S. Also, thanks Precap2 for the warning - I'm already quite busy trying to guard my $$ from the mkt - lord knows I don't need to be concerned w/ acct. hackers as well

Good trading ... meph
  • #3,324
  • Oct 27, 2010 11:31pm Oct 27, 2010 11:31pm
Quoting MephistoII
Thanks, guys, for your quick response - much appreciated! These stacked time frames put an interesting twist on one's perspective, although I think it will take some screen time to train my eyes.

P.S. Also, thanks Precap2 for the warning - I'm already quite busy trying to guard my $$ from the mkt - lord knows I don't need to be concerned w/ acct. hackers as well

Good trading ... meph
MephistoII if you weren't able to find that indicator here the correct name, I find it useful instead of dialing charts, it's found in another forum but I'm not gonna post the link. google search "candles_m-Candles_dot.mq4"
  • #3,325
  • Edited 8:05am Oct 28, 2010 7:07am | Edited 8:05am
Quoting Pips Fari
MephistoII if you weren't able to find that indicator here the correct name, I find it useful instead of dialing charts, it's found in another forum but I'm not gonna post the link. google search "candles_m-Candles_dot.mq4"
Thanks to you also, Pips Fari. I can't seem to get the current one to configure exactly as I had hoped, so will check out this version for comparison as well.

Regards ... meph

Edit: Now we're cookin' w/ gas! The 'dot' version provides the dashed daily bars, while the other paints the solid H4 bars, both overlaid on the H1 chart. Now very easy to view, and great for seeing previous days OHLC. Thanks again !
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  • #3,326
  • Edited 12:26pm Oct 28, 2010 11:14am | Edited 12:26pm
I hope that all is well with pipEASY and his health.

As I read through pipEASY's initial posts there are a few that really stand out to me personally. I have kept these points in my personal notes and plan on reviewing them and seeing how I can best use them in my own trading. One thing that really stands out to me is the genuine way in which he has presented his thoughts on trading, it has forced me to re-evaluate everything I have done up to this point. Simply taking what he has shown here and applying it verbatim would seem to work in theory, but the truth is much of this is based on our personal approaches and levels of mental discipline more than anything else.

Great stuff, this is changing my outlook on trading, completely.
  • #3,327
  • Oct 28, 2010 11:27am Oct 28, 2010 11:27am
Quoting Pips Fari
MephistoII if you weren't able to find that indicator here the correct name, I find it useful instead of dialing charts, it's found in another forum but I'm not gonna post the link. google search "candles_m-Candles_dot.mq4"
Hi PF,
why not attach the indy for him here with a note that you're not the coder, that would be enough credit to whoever coded it. I coded same kind of indy sometime ago but because I have more than 1500 indies in a bag I have not been able to search it out.
It might help him that way.

Peace!
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #3,328
  • Oct 28, 2010 11:33am Oct 28, 2010 11:33am
Guys, hope every one of you is making a killing of pips on AUDCAD ! I already have 4 open positions since 1.0038, price is now 0.9960. This is going to drop more, it pierced 1.000 like it was nothing.

Thank you Graeme for everything.
  • #3,329
  • Oct 28, 2010 11:48am Oct 28, 2010 11:48am
Quoting cameron1st
Guys, hope every one of you is making a killing of pips on AUDCAD ! I already have 4 open positions since 1.0038, price is now 0.9960. This is going to drop more, it pierced 1.000 like it was nothing.

Thank you Graeme for everything.
based on what out of curiousity? trend is still up on all major timeframes
  • #3,330
  • Oct 28, 2010 12:46pm Oct 28, 2010 12:46pm
Based on the price action I read on the chart (FB on 1H, but last week was a FB as well on the Weekly). And it also appears the weekly candle will close as a bearish engulfing (or outside bar...whichever, I always mix them, but I would trade both).

Do you see ?
  • #3,331
  • Oct 28, 2010 6:35pm Oct 28, 2010 6:35pm
querty1 and cameron1st, I based a long on AUD/CAD based on monthly, weekly and daily last week and got hit by the sudden , and still to me , unexplained drop in the AUD. Not a lot of pips due to Graeme saying when you are wrong you are wrong. Trying the counter hedging technique putting a pending order to buy if it comes back up (far enough away from my exit to do this now), as to me the long term trend seems still up, unless it has changed. I agree that the 1.0 scared it a lot.

Alex
  • #3,332
  • Oct 29, 2010 6:15am Oct 29, 2010 6:15am
Quoting adowland
Trying the counter hedging technique putting a pending order to buy if it comes back up (far enough away from my exit to do this now), as to me the long term trend seems still up, unless it has changed. I agree that the 1.0 scared it a lot.
Alex
Hello Alex,

I hear quite often about the anti-hedging technique that jacko started. I personally don't use it, one of the reasons being I feel it's risky, what never seen a 100+ pips wick taking you into the trade and then into minus ?

Would prefer in case price comes back to enter based on what price is going to show at that time.

About the trend change, I haven't checked the situation today, but yesterday: nobody can tell if it's a trend change, or just a retracement, if price showed down at that time, I entered short.

Kindest Regards,

Cam
  • #3,333
  • Edited 11:52am Oct 29, 2010 10:46am | Edited 11:52am
These are just my humble thoughts and perceptions of the ideas posted in this thread. I know I am coming into this rather late, but it is helpful for me to get this out of my head, so please forgive me if I am exhausting something that has been visited many times already.

What I am working on and testing now is the concept of "Participation". To be able to make an initial speculation with very minimal risk. If it goes against me, fine, small loss. If goes in the desired direction, fine, I'm now in a position of my SL at break even and can wait to see what the market does next. If it continues to move in the anticipated direction I can add more. This can happen over and over again with many break even trades and losses until I finally I get some legs to stand on. I know there is much more to this then what I have noted, but the simplicity of just this basic concept is enough for me right now.

One more thing I'd like to mention is I have always thought of my position as a single entity even after continuous additions, but the idea of treating each as a sort of "bundle" is very interesting and opens up my mind. This allows for shorter term trades as well as positions in the opposite direction that act as sort of a hedge. It really makes for more of a fluid trading style.

That's it for now, thanks!
  • #3,334
  • Edited 1:49pm Oct 29, 2010 1:17pm | Edited 1:49pm
Hello everyone, I must say with this method, the principle encoded in this type of enlightened trading is business like. The risk is minimal and the profit is scary once you stay with the hindsight.

I took losses but small very small, I took BE also, but man when this thing explodes nothing can stop it.

I had multiple positions this week on demo of course. I took out some positions to cover some losses and some. My chart

In this thread I dont ask a lot of questions, cause I paid for materials that din't quite deliver. I read only pipeasy posts a dozen times, that I read again( while running EA, and searching for PinBars) but couldn't grow my account.

I applied pipeasy philosophy, I stop trading, I started think about the market his way and got to work. Why make it free? he must have a genuine spirit in him.
Other method show you how to Short/long a PB. But pipeasy reasoning is that you can build postions every single day if you want to or every hour or every 4 hour. These positions work for you not you for the positions. minimal losses and draw down ..well Enter on a 5 min time frame when prices MUST break out in you hindsight and see.

I like watching the NFL, I see buyers and sellers fighting for positions, sometimes sellers positions grows the opposite holds true. Overall the team with the best defense will prevail ( my defense is my risk tolerance, and I implement it on the 5 Min TF)
I want to quit my job but not yet...I have to build a few positions first....

I will hold these positions for next week maybe enter a few more if there is 50% retracement if not my soldiers are getting stronger.
I see the engulfing weekly bar forming and it looks bullish. just my hindsight.

Thanks everyone for all the questions and interest in this posts and everyone that motivated pipeasy to go on...I hope he is wrapped in pure happiness with his family and friends.
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  • #3,335
  • Oct 30, 2010 3:33am Oct 30, 2010 3:33am
Quoting Precap2
Hi PF,
why not attach the indy for him here with a note that you're not the coder, that would be enough credit to whoever coded it. I coded same kind of indy sometime ago but because I have more than 1500 indies in a bag I have not been able to search it out.
It might help him that way.

Peace!
Unfortunately there is a history with the coder and FF. As a result neither the coder or FF wishes the indi to be attached here. PF gave the most responsible answer.
Good Trading
  • #3,336
  • Oct 30, 2010 10:14am Oct 30, 2010 10:14am
Quoting aud
Unfortunately there is a history with the coder and FF. As a result neither the coder or FF wishes the indi to be attached here. PF gave the most responsible answer.
Just to reiterate from an earlier post, I was able to easily find the requested indicator(s) thanks to everyone's help. Specifically, geoffrod's link takes one directly to the indi which prints the solid bars. Entering Pips Fari's correct file name in google search provides the link to a thread page, on which scrolling down a few posts provides the indi for dashed bars. Again, I find the new layout quite helpful in viewing the fractal relationships. So, its all good

Cheers ... meph
  • #3,337
  • Oct 30, 2010 8:50pm Oct 30, 2010 8:50pm
Quoting chips
Hello everyone, I must say with this method, the principle encoded in this type of enlightened trading is business like. The risk is minimal and the profit is scary once you stay with the hindsight.

I took losses but small very small, I took BE also, but man when this thing explodes nothing can stop it.

I had multiple positions this week on demo of course. I took out some positions to cover some losses and some. My chart

In this thread I dont ask a lot of questions, cause I paid for materials that din't quite deliver. I read only pipeasy...
Great trading!!! Chips I'm participating also 2 trades up 100+pips each. next week I'm changing my entries to H1 or H4 bars opening
  • #3,338
  • Oct 31, 2010 9:12pm Oct 31, 2010 9:12pm
It's been awhile now since graeme's last participation in this thread, i hope you're well my friend.

here's my update of his method using 4hr time frame and 5 min window for razor sharp entries... i opened 5 position with 40pips sl for all positions and no tp, and more than a month from today, 3 of the original positions still running check it out guys i'm using my micro account.

regards all

edit: sorry there's no sl for this micro account of mine it was on my other account.
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Success consists of going from failure to failure without loss of enthusiam
  • #3,339
  • Oct 31, 2010 9:31pm Oct 31, 2010 9:31pm
eur/nzd - just break 200ma with a good volatility, good to watch a strong retrace for entry.

usd/chf - is currently approaching 200ma and on its 3rd retest on that area, good to watch for breach in resistance areas for entry (my bias is long)

eur/aud- looks like a bearish sentiment there but personally i'm looking for a good push and volatility before i will wait for a retest to sell

just my view
Success consists of going from failure to failure without loss of enthusiam
  • #3,340
  • Nov 1, 2010 6:29am Nov 1, 2010 6:29am
Quoting dongsky
here's my update of his method using 4hr time frame and 5 min window for razor sharp entries... i opened 5 position with 40pips sl for all positions and no tp, and more than a month from today, 3 of the original positions still running check it out guys
Hi dongsky,

That's amazing !

Kindest Regards,

Cam
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