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Ribbon dance

  • #101
  • Apr 1, 2011 2:53pm Apr 1, 2011 2:53pm
Quoting gyanpapi
Its doing the same thing another apporch! Visual .. with sound ..
Can you share your system?
Thanks
  • #102
  • Apr 1, 2011 3:46pm Apr 1, 2011 3:46pm
[quote=Marcuss;4516496


people are always try to search other ways, never try enough a system, and this permanent testing of systems will make make them broke

[/quote]


I know what you mean but you got this wrong, iam trading just one certain setup , most people call it "Pullbacks" another guy here calls it "Flag trading" , its the same from my point if view, iam not looking for a system(In my opnion there are maybe 2-3 for "retail traders" all the rest on the forums are just variations) i am just looking for the setup which suits me most.
  • #103
  • Apr 1, 2011 4:00pm Apr 1, 2011 4:00pm
Quoting shuaib
hi,

check Xard thread in tsd forum

Thanks !

I was looking at the same thread last week. How long have you been using it ?
  • #104
  • Apr 1, 2011 5:27pm Apr 1, 2011 5:27pm
Quoting mark0529
Thanks vm for your contribution. I am wondering whether your system will work on longer time frames like H4 and D1? Any suggestions about SL/TP on longer time frames?
This will work on any time frame. Of course the larger the time frame, the larger the stop loss will need to be. For longs, I like to ut the Sl somewhere under the last swing low, and vice versa for shorts. Target price is not an exact science.....it might be a previous level of support or resistance, it might be a round number, fib or whatever. I don't have much experience at trading from larger than H1 charts, although I do look at all charts to get a good feel for the likely direction. Most of my trading is entered from the M15 charts, whereas long term traders may use larger charts and have sl's in the 100's!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #105
  • Apr 1, 2011 5:29pm Apr 1, 2011 5:29pm
Quoting D.Tortoise
Can you attach the Hull indicator pls. THanks
Here is the Hull indi as I use it. The 'Period' is set to 34, and that seems to be fine.
Attached File(s)
File Type: ex4 Hull_MA_2color.ex4   3 KB | 1,139 downloads
Doing what you like is Freedom. Liking what you do is Happiness.
  • #106
  • Apr 1, 2011 5:51pm Apr 1, 2011 5:51pm
Thanks for the quick response.
I will put SL at 5-day high/low and let the price run until any of the three indicators change its color, then I will exit.

Quoting realjumper
This will work on any time frame. Of course the larger the time frame, the larger the stop loss will need to be. For longs, I like to ut the Sl somewhere under the last swing low, and vice versa for shorts. Target price is not an exact science.....it might be a previous level of support or resistance, it might be a round number, fib or whatever. I don't have much experience at trading from larger than H1 charts, although I do look at all charts to get a good feel for the likely direction. Most of my trading is entered from the M15 charts, whereas...
  • #107
  • Edited 10:48pm Apr 1, 2011 10:33pm | Edited 10:48pm
Quoting realjumper
Here is the Hull indi as I use it. The 'Period' is set to 34, and that seems to be fine.
THanks you for sharing bro . Helps a lot. I also found Hull_MA i guess is same with yours...
Yes..i use period 36...results nearly same as yours
Attached File(s)
File Type: mq4 HMA_Russian_Color.mq4   4 KB | 853 downloads
  • #108
  • Apr 1, 2011 11:00pm Apr 1, 2011 11:00pm
Hi Marcuss, thanks for sharing this simple system. It looks easy. Could you elaborate where and how you enter and exit the trades? I have not downloaded your indicators yet. Would it be easier with bars or candle sticks? Thanks again.
  • #109
  • Apr 2, 2011 9:25am Apr 2, 2011 9:25am
Hi Marcuss,

do you always for candle to close if ribbon changes color and/or channel is crossed?

Cheers,
Olarion
  • #110
  • Apr 2, 2011 5:42pm Apr 2, 2011 5:42pm
Maruss, NICE system, thank you.

my question: how do you draw the regression lines ?! what points? you know what I mean?


again, thanks
  • #111
  • Apr 2, 2011 11:59pm Apr 2, 2011 11:59pm
compare the 2 chart 15pips rangebars and 5min
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5minchart.gif Size: 17 KB
Click to Enlarge Name: 15piprangebar.gif Size: 13 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #112
  • Apr 3, 2011 1:33am Apr 3, 2011 1:33am
@ Fortuna: i enter when ribbon change color and i see a channel break, i use candle/bars to draw channel, and then i switch to line chart for a better understanding of the chart

@ripaludo: i don't have standard way to draw LRC, just play with that and you will be better in time

@zamanib: nice job, did you try this on demo/live?
  • #113
  • Apr 3, 2011 1:45am Apr 3, 2011 1:45am
Quoting zamanib
compare the 2 chart 15pips rangebars and 5min

Hi Zamanib,

Have you been using range bars for a longer time period and if so, how is your overall experience? Could you post a recent screenshot of the eurjpy with a 5 or 10 pip range to compare?

Hope that I don't ask to much, it looks very interesting to me.

Thanks
  • #114
  • Apr 3, 2011 2:13am Apr 3, 2011 2:13am
EJ 5 10 15 PIPS RAnge
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5ej.gif Size: 13 KB
Click to Enlarge Name: 10ej.gif Size: 12 KB
Click to Enlarge Name: 15ej.gif Size: 12 KB
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #115
  • Apr 3, 2011 2:16am Apr 3, 2011 2:16am
Quoting Marcuss
@ Fortuna: i enter when ribbon change color and i see a channel break, i use candle/bars to draw channel, and then i switch to line chart for a better understanding of the chart

@ripaludo: i don't have standard way to draw LRC, just play with that and you will be better in time

@zamanib: nice job, did you try this on demo/live?
I trade rangebars live -- not time to waste on demo -- I know a good system when I see it-- all I did I compare it with rangebars charts-- to me look more cleaner on rangebars -- 25pips and 50 pips range look great also

again thanks very much to share it-- I know many people will try to pull you down and said this is nothing new -- but carry on my friend you are doing great
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #116
  • Apr 3, 2011 3:07am Apr 3, 2011 3:07am
Thanks for that Zamanib! Will try it with the range bars from mqlService.

Yes Marcuss, this is a Nice thread.
  • #117
  • Apr 3, 2011 3:28am Apr 3, 2011 3:28am
Quoting pbb
Thanks for that Zamanib! Will try it with the range bars from mqlService.

Yes Marcuss, this is a Nice thread.
This guy is giving away the rangebar script


http://novacodetrader.com/s/novachart-2/
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #118
  • Apr 3, 2011 5:11am Apr 3, 2011 5:11am
Quoting zamanib
I trade rangebars live -- not time to waste on demo -- I know a good system when I see it-- all I did I compare it with rangebars charts-- to me look more cleaner on rangebars -- 25pips and 50 pips range look great also

again thanks very much to share it-- I know many people will try to pull you down and said this is nothing new -- but carry on my friend you are doing great
For people like you i will continue to post here because i'm tired of so many people asking things that are already shared, so many people asking silly question.

One important thing:

People must understand that when we are on forums we lose money, because we are not fully concentrate on our trades, on our charts.

Please all, concentrate on your charts, test this system, and than post your results (win or loss). This is the only way we can improve this system and make more money than we already make.
  • #119
  • Apr 3, 2011 7:09am Apr 3, 2011 7:09am
Hi Marcus,

Everything you need is in the first post. It's clear as a bell on entries and exits. I'll be using your system this week and I'll post my results here. I'm currently on demo, but I've traded live as well.

Ignore the questions and move forward. Some folks just can't do simple. Everything you need is in the first post.

Kind Regards, Kenfenfx
  • #120
  • Apr 3, 2011 11:44am Apr 3, 2011 11:44am
Marcus, thanks for sharing your trading approach and and insights. It's really a great contribution and I appreciate it.
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