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Old Dog Fib Trading - EURUSD

  • #381
  • Nov 17, 2010 10:34am Nov 17, 2010 10:34am
Canuck:

At what time do your week/day begin? I have small level differences with your lines.

Other thing, is it possible to add the possibility to modify the line type?

Thanks
  • #382
  • Nov 17, 2010 10:55am Nov 17, 2010 10:55am
It's possible my numbers are slightly different...it is not FXPro. I can't reconcile those numbers....they should be real close across brokers as far as the High/Low goes...but the month close or week close could be off a little....there is an hour offset in the indicator....I am not adjusting mine...so that may be the difference.

For the line type....you can change the thickness easily...as far as the line type goes, you'll have to go into the code and change that. Locate STYLE_SOLID" and change it to what you need.

Cheers
CanuckCT

Quoting guibernaua
Canuck:

At what time do your week/day begin? I have small level differences with your lines.

Other thing, is it possible to add the possibility to modify the line type?

Thanks
  • #383
  • Nov 18, 2010 11:04am Nov 18, 2010 11:04am
Quoting CanuckCT
It's possible my numbers are slightly different...it is not FXPro. I can't reconcile those numbers....they should be real close across brokers as far as the High/Low goes...but the month close or week close could be off a little....there is an hour offset in the indicator....I am not adjusting mine...so that may be the difference.

For the line type....you can change the thickness easily...as far as the line type goes, you'll have to go into the code and change that. Locate STYLE_SOLID" and change it to what you need.

Cheers
CanuckCT
Thanks for your answer, I thought your files were .ex4.

I already modified them.

Thanks again

G
  • #384
  • Nov 21, 2010 4:38pm Nov 21, 2010 4:38pm
Hi Canuck /Old Dog, Have you decided on a chat room yet? I swear by the levels and concepts you posted, and would love to take my learning on this further if the opportunity avails itself. If you have already formed a group, and I was not one of the chosen participants - that's ok; just wanted to check in on this. Thanks,
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #385
  • Nov 21, 2010 5:04pm Nov 21, 2010 5:04pm
I'll talk with Old Dog about this....one option is to create a Skype room....and just leave it open all the time. This has worked in the past. Those who want to drop in and discuss trades, can do it. Not pressure to call trades, but a place to share some intraday setups for many pairs. If I coordinate such a room, it won't be to call trades for people. I'll share some of my trade setups...and my expectation is that others will as well.

But Skype can be a distraction to looking at charts...and idle chatter. It it turns into a place for idle chatter, that would be a problem.

Cheers
CanuckCT
  • #386
  • Nov 21, 2010 5:37pm Nov 21, 2010 5:37pm
My EU chart with old Dog pivots...some of which I have marked as areas of interest. Will adjust as the week progresses.

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-21_1935.jpg Size: 163 KB


First trade of the week is EU short...to fill the gap.

Cheers
CanuckCT
  • #387
  • Edited 7:25pm Nov 21, 2010 6:44pm | Edited 7:25pm
Quoting CanuckCT
My EU chart with old Dog pivots...some of which I have marked as areas of interest. Will adjust as the week progresses.

Attachment

First trade of the week is EU short...to fill the gap.

Cheers
CanuckCT
hi bro,

lol i'm selling from 1.3737 to close the gap too

did you change the indis that you use again?

can u please ZIP the latest indis and type the settings

thanks
  • #388
  • Nov 22, 2010 1:34am Nov 22, 2010 1:34am
Unfortunately the gap never gets filled just yet... Any possibilities that it might fill the gap eventually ? Just wait and see...


Cheers !
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 27 KB
  • #389
  • Nov 22, 2010 7:15am Nov 22, 2010 7:15am
Gap now filled
Cheers
CanuckCT

Quoting Syahmi
Unfortunately the gap never gets filled just yet... Any possibilities that it might fill the gap eventually ? Just wait and see...


Cheers !
  • #390
  • Nov 23, 2010 10:12am Nov 23, 2010 10:12am
Hi tsidki,

Here is a zip with my main trading chart. You will see that I use the old dog weekly and monthly pivots with a slight change in the values.

In addition I use a band indicator to gauge the swings. In downtrend, I like to take sell trades that come off the upper band and the reverse for buy trades.

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-23_1210.png Size: 38 KB


I also use the TrendMagic to time my entry on M5. That usually gets me in with a small stop. That's not on my chart here as it really is a different system than trading with just the pivots and price action.

I use a hybrid of each that seems to fit my eye.

Cheers
CanuckCT





Quoting tsidki
hi bro,

lol i'm selling from 1.3737 to close the gap too

did you change the indis that you use again?

can u please ZIP the latest indis and type the settings

thanks
Attached File(s)
File Type: zip canuckct 2010-11-23.zip   14 KB | 921 downloads
  • #391
  • Nov 23, 2010 10:44am Nov 23, 2010 10:44am
thanks alot bro for your help
  • #392
  • Dec 6, 2010 4:20am Dec 6, 2010 4:20am
Quoting smjones
I am interested in this thread and am intrigued with Old Dog's calculations here.
Thanks for starting the thread. Also, I am interested in what stimpy has to say here.

BTW in answer to Old Dog's statement that he is not a Guru; Remember the Buddha proverb, " If you meet the (Guru, my addition) Buddha on the road, kill him." I take that to mean there is no Guru. We are the only ones who experience our life and who ultimately must take responsibility for it. I thank Old Dog for posting his ideas here and for his humility. I gave him a vouch,...
that the Buddha is not to be found on the road(voire, well beaten path). The Buddha one finds there will be an imposter.
Vincit qui se vincit.
  • #393
  • Dec 6, 2010 3:39pm Dec 6, 2010 3:39pm
Hello All,

I have Edited the indi "sqAbonacciOldDogLevels-indi.mq4".
I hope that Old Dog give me his opinion.
The manual base line number that you will find is based on my calculations
Is 1.2940, Mainly it's based on the usage of the ATR 44 on daily and 1H charts
As Old Dog Discribed before and you can change that number to any number
Without using the "." (example 1.2940 you type it 12940) .
and it's not "aebab" base line of Dec 1.3040.
I hope the indi will be useful.


I Added the following:
1) Manual Phase Range(size)
2) Manual Base Line Number

Best regards tsidki.
Attached File(s)
File Type: mq4 sqAbonacciOldDogLevels-indi-Edited-By-tsidki.mq4   28 KB | 909 downloads
  • #394
  • Dec 6, 2010 5:13pm Dec 6, 2010 5:13pm
Hello tsidki

Thanks for this very useful contribution! I am sure those folk who are getting their levels each month/week will find this an easy way to get them onto their charts.

You mention 1.2940 as your December baseline. To compliment that, I am currently working with a "phase gap" of 133 pips. I have had some nice PA off these levels already on a few occasions.

Best of luck with your trading,

Very best regards,

Old Dog
  • #395
  • Dec 6, 2010 8:08pm Dec 6, 2010 8:08pm
tsidki, how did you calculate the monthly base level?
  • #396
  • Dec 9, 2010 9:32am Dec 9, 2010 9:32am
what I get for the base line, using the spreedsheet attached here is: 1,2915 So not sure how tsidki have this. hope he can explain.

To "Old Dog" Calculation of phase interval, as you explained here for aug/sept calculation, i have the PEAK of ATR on sept of 0.0047 on sept. 28. So its far away from your value... What's wrong with my ATR?
Thanks a lot!

http://i1225.photobucket.com/albums/...209_162700.jpg
  • #397
  • Dec 10, 2010 2:34pm Dec 10, 2010 2:34pm
Hello all,

I am still getting the PMs and emails rolling in from folk who are convinced I have a "secret sauce" up my sleeve that I am not sharing with the forum.

Well, I have and I haven't!

Many traders are asking me how I "calculate" this and "calculate" that, such as "base lines" and "phase gaps" etc.

Well, I don't. I never have. Please let's kill this one dead now.

The market cannot be reduced to a formula. If it could, it would have been discovered years ago and jumped on by every trader going.

What you can compute is things like profit targets etc. These are simply a function of recent volatility. In a raging market, TPs can be higher than in a slow market. Common sense. That is all my calc does. Nothing else.

If you want to trade like I do with an absolute maximum of 6 horizontal lines on my chart and nothing else, then just look where the price reacted in the recent past. See the attached illustration. If you mark these lines on your chart, you will see the market still reacts to past levels. And couple that with simple PA and you will have everything you need.

It is pretty obvious where price stalled, spent a lot of time, support-turned resistance, etc etc. The market has a real memory for these levels! You should look back on H4 and D1 charts for several months and you will find these. The more you look, the easier it gets. Practice is everything, as usual.

The magenta line in the diagram shown one obvious place. There is potentially another that may become significant "left as an exercise for the reader".

As you get more and more years behind you as a trader, you will begin to realise something else. The actual lines themselves are not that important.

Around 15 years ago I was at a trading convention and I saw something I will never forget. In those days there were none of these new-fangled flat-screen monitors, it was proper glass CRT screens. (I still have a great 24inch CRT monitor but it weighs 118 lb so I can't move it any more.)

There was a star trader there making a point. One guy took a ruler and a chinagraph pencil and draw a random line on the glass of the screen. The star trader traded off that line all afternoon and made good money.

It was a lesson I will never forget.

Very best regards,

Old Dog
Attached Image
  • #398
  • Jan 13, 2011 11:38am Jan 13, 2011 11:38am
Some developments in the EA thread...for those following this thread, they may want to check it out.

Cheers
CanuckCT
  • #399
  • Jan 15, 2011 9:16pm Jan 15, 2011 9:16pm
Quoting Old_Dog
Hello all,

I am still getting the PMs and emails rolling in from folk who are convinced I have a "secret sauce" up my sleeve that I am not sharing with the forum.

Well, I have and I haven't!

Many traders are asking me how I "calculate" this and "calculate" that, such as "base lines" and "phase gaps" etc.

Well, I don't. I never have. Please let's kill this one dead now.

The market cannot be reduced to a formula. If it could, it would have been discovered years ago and...
Thanks Old Dog. One of the best posts I've read in a long time and a great story. Spot on!
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #400
  • Last Post: Jan 15, 2011 9:20pm Jan 15, 2011 9:20pm
Quoting CanuckCT
Hi tsidki,

Here is a zip with my main trading chart. You will see that I use the old dog weekly and monthly pivots with a slight change in the values.

In addition I use a band indicator to gauge the swings. In downtrend, I like to take sell trades that come off the upper band and the reverse for buy trades.

Attachment

I also use the TrendMagic to time my entry on M5. That usually gets me in with a small stop. That's not on my chart here as it really is a different system than trading with just the pivots and price action.

I...
CanuckCT thanks for sharing, especially the triangular ma bands. "Bolts" right on to my current swing trading methodology - very useful.
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
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