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Trading system using relative strength

  • #1,661
  • Jun 8, 2011 3:17pm Jun 8, 2011 3:17pm
Quoting forexhard
Neither have I. And yes, I said EXACTLY all those things, I just used different words.
That is absolutely NOT TRUE as I have read all of your posts as many times as anyone here. If you had of said EXACTLY ALL of them then I would not have suggested that you should have.

Feel FREE to post for us where you said ALL these things and the egg will be on my face, but I know that's NOT going to happen.

I have no desire to argue with you or anyone else here. I just stated my opinion and obviously MANY others feel the same way because they have said so.

Now, it'd be great if we could just get back to why we are all here, to be "trading friends" and to help each other if and when we can.
Always a Student, Never a Master - Emulate What Works
  • #1,662
  • Jun 8, 2011 3:19pm Jun 8, 2011 3:19pm
MOAR DRAMA
  • #1,663
  • Jun 8, 2011 3:41pm Jun 8, 2011 3:41pm
Quoting Caillou
"No one here has the right to ask questions about this system..."????? Sorry?????

I have a real problem with people who think they know it all.

Good luck EsTrader with YOUR thread, because this is still your thread right?

As I said, you are a great man. Good luck and see you in other threads.... Bye
Don't be sorry, just read (and follow) the part of my quote that you just now cut off. The part that says "if you haven't demoed any baskets by now". That part.

So go demo a dozen baskets and then come back and tell us what you have learned. None of this will make sense until you do. It's a very simple concept. And the people who are following that one little detail (of demoing) are beginning to catch my drift. And those who don't try it are being left behind.
To improve is to change. To perfect, is to change often.
  • #1,664
  • Jun 8, 2011 3:43pm Jun 8, 2011 3:43pm
IMHO, I believe that FH is trying to teach without giving exact steps on how to trade the indicator. I personally have saved his posts where he gives hints on how to read the indicator. Not everyone is going to give step by step instructions how to trade their system. I don't know why we need to give FH a hard time about it. He is certainly trying to help.
  • #1,665
  • Jun 8, 2011 4:04pm Jun 8, 2011 4:04pm
Quoting newark18
IMHO, I believe that FH is trying to teach without giving exact steps on how to trade the indicator. I personally have saved his posts where he gives hints on how to read the indicator. Not everyone is going to give step by step instructions how to trade their system. I don't know why we need to give FH a hard time about it. He is certainly trying to help.
And then there were four. My "unhelpfulness" seems to be growing less by the hour.

Newark (and everyone trying), I'd love to hear how your baskets are doing.
To improve is to change. To perfect, is to change often.
  • #1,666
  • Jun 8, 2011 4:08pm Jun 8, 2011 4:08pm
Quoting Tedge UK
I knew you would have to make some kind of remark,I am not a freeloader FH,far from it.All I am trying to do like 97% of people here is learn how to trade the Forex business,You are as much help as a chocolate tea pot when it comes to teaching,how can we put a basket together when you are making it a murder mystery.I await your answer
If by now you haven't demoed any baskets you are a complete waste of my time. But if you have demoed then I'd love to hear more about it.
To improve is to change. To perfect, is to change often.
  • #1,667
  • Edited 4:37pm Jun 8, 2011 4:09pm | Edited 4:37pm
Anyway, getting back to the real purpose of the thread. My indicators recently refreshed. Based on what I see, I don't see any trades that I can make.

http://i52.tinypic.com/168sjzn.gif

Mind you that I am only looking at D1 and H4 for now. H1 and M15 indicators seem a bit off (i.e., the histogram shows mostly 1s).

Edit: I just opened up a basket based on D1 histogram only. Let's see how it progresses.
  • #1,668
  • Edited 5:12pm Jun 8, 2011 4:21pm | Edited 5:12pm
On my basket that I posted last night, where I closed it after 3 hours for +113 pips is now up ROUGHLY 400 pips give or take.

EDIT: 6:10 PM I just realized that the BOTTOM trade on this chart was an ERROR trade I made this morning. It was not part of the original trades I made last night. This morning I was looking at what the spread was on the EURNZD and when I went to close the box, out of habit I hit buy instead of close, I quickly closed the trade after I saw on the chart that it looked like it was going down. So minus that trade I would have been up way more than 400 pips because when I just added up how many pips I would have made I subtracted I think about 125-150 pips for that trade from the total.

Attached Image
Always a Student, Never a Master - Emulate What Works
  • #1,669
  • Jun 8, 2011 4:40pm Jun 8, 2011 4:40pm
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting forexhard
And then there were four. My "unhelpfulness" seems to be growing less by the hour.

Newark (and everyone trying), I'd love to hear how your baskets are doing.

Hi to everybody
my first basket, after 1 day, was about +400 pips.
My second one, running now, is few pips up.
I like this system, less FH. It looks to me, you are not interested in helping people as you claim.
Special thanks to ES trader.

opps I almost forgot it: I didn't open the baskets after 4h candle closure. It's seems it's not important when, but what you open (that's my impression)
Attached Image (click to enlarge)
Click to Enlarge Name: basket2.jpg Size: 424 KB
--- nothing to say ---
  • #1,670
  • Jun 8, 2011 4:43pm Jun 8, 2011 4:43pm
Quoting RobinHood
On my basket that I posted last night, where I closed it after 3 hours for +113 pips is now up ROUGHLY 400 pips give or take.

Attachment
Hi RobinHood...

I see by your posts that you are having some success with the CCFp indicator. Can you please share with all the settings you are using for the Daily and the 4 hour indicators? Also are you trading every 4 hours or just after the start of the new day based on the Daily indi or the 4 hour indi?

Just when I think I have this figured out I end up back to square one. I have tried to trade some baskets on demo already with some success but it would be nice to know I am doing it correctly.

I have been applying "use current bar" = true and also Trade Level 3 to the Daily indicator. And "use current bar" = true and Trade Level 2 to the 4 hour indi. When I try to trade based on the suggestions from the 4 hour indi (at each 4 hour interval) the indicator changes so often that sometimes the trades I put on are not even showing up as suggestions an hour or so later. This shouldn't be so hard!

Any suggestions or help you can offer is greatly appreciated. Thanks in advance! http://www.forexfactory.com/images/icons/icon7.gif
  • #1,671
  • Jun 8, 2011 4:51pm Jun 8, 2011 4:51pm
Quoting sym
Hi to everybody
my first basket, after 1 day, was about +400 pips.
My second one, running now, is few pips up.
I like this system, less FH. It looks to me, you are not interested in helping people as you claim.
Special thanks to ES trader.

opps I almost forgot it: I didn't open the baskets after 4h candle closure. It's seems it's not important when, but what you open (that's my impression)
Hi Sym,

Great job! I am looking at your trades you just opened and there are many "buy" trades that I just can't see how you came to the conclusion from the chart you have posted? Am I missing something?
  • #1,672
  • Jun 8, 2011 4:54pm Jun 8, 2011 4:54pm
This guy is having fun at other people expense. Very funny.
  • #1,673
  • Jun 8, 2011 4:59pm Jun 8, 2011 4:59pm
I have been trading full-time for a LONG time, like 13-14 years, and I take fast profits and usually cut my losses fast too, meaning I don't mind exiting trades early if need be. Sometimes I am better off for doing it, but sometimes I am much worse off like today, leaving 300 pips on the table.

I do NOT have the CCFp figured out really, so I honestly can't tell you all that much.

I am using just the trades the indi suggests at the top at 6 pm EST when the new "trading day" starts, although I have blocked some pairs that I don't want to trade, but thats another story that I don't have time to get into now as it's almost 6 PM EST and I should have some new trades shortly.

I am ONLY using the indicator ONCE on the chart:

Timeframe: 1440
Use.Current: true
Use.Bar.instead.of.MA: true

3
6
3
5

Display Suggestions: true
Trade_Level: 3
Use.Reverse.Suggestions: false
Always a Student, Never a Master - Emulate What Works
  • #1,674
  • Jun 8, 2011 5:13pm Jun 8, 2011 5:13pm
Quoting RobinHood
I have been trading full-time for a LONG time, like 13-14 years, and I take fast profits and usually cut my losses fast too, meaning I don't mind exiting trades early if need be. Sometimes I am better off for doing it, but sometimes I am much worse off like today, leaving 300 pips on the table.

I do NOT have the CCFp figured out really, so I honestly can't tell you all that much.

I am using just the trades the indi suggests at the top at 6 pm EST when the new "trading day" starts, although I have blocked some pairs that I don't want to trade,...
Thanks so much!
  • #1,675
  • Jun 8, 2011 5:14pm Jun 8, 2011 5:14pm
Here are the trades that I just put on at 6:00 PM EST:

Attached Image (click to enlarge)
Click to Enlarge Name: 6-8 Trades.jpg Size: 83 KB


It also said to SELL the NZDCAD but it seems that my broker (ALPARI) doesn't let me trade it, not that I can find anyway.
Always a Student, Never a Master - Emulate What Works
  • #1,676
  • Jun 8, 2011 5:22pm Jun 8, 2011 5:22pm
Quoting Pipdealer
Oops, it did not post the whole thing. My bad.

Here is the post by tommyd

"From what I have experienced so far with this approach I am going with this.

It can work very well, It might be a very good semi scalping method.

Can't just enter blindly following 4 hr recommendation.

I have been experimenting using 4 hr & 1 hr or 30 min tf and really going with the shorter TF's entering and taking what it gives over a short period of time .
Looking at the 4 hr recommendation then going to a 1 hr or 30 min to see if the timing...
I also think is is the way to go.
  • #1,677
  • Jun 8, 2011 5:38pm Jun 8, 2011 5:38pm
Now it's just revised the trade suggestions (based on D1 current), so I closed 2 pairs and opened 1 new one based on what it's telling me. They are all buys and maybe that's not how I should trade a basket, but the basket is slightly profitable already at this moment. Hopefully we can all learn from it.

Attached Image (click to enlarge)
Click to Enlarge Name: 6-8 Trades-Revised.jpg Size: 81 KB




EDIT: Wow...now it's closed 2 of THOSE trades, it now says to buy EURUSD, AUDUSD, EURCHF, EURJPY and AUDJPY.

The good news is that they are up 40 pips.
Always a Student, Never a Master - Emulate What Works
  • #1,678
  • Jun 8, 2011 5:45pm Jun 8, 2011 5:45pm
Hi FH,

I have a quick question. I was looking at your template. Looks like the time is off by one hr. The template says it has 2 hrs + for a new daily bar. But I actually have 1hr+ ( Central time) for a day change. New day bar should form at 7PM central time.
How do I change the time zone on the indicator/Template.

Thanks

Here is the chart with your template:
Attached Image (click to enlarge)
Click to Enlarge Name: ccfplive.gif Size: 37 KB
  • #1,679
  • Jun 8, 2011 6:12pm Jun 8, 2011 6:12pm
FH
Ignore my dumb question. It was on cityfx. It has different time zone than IBFX.
I am sorry.
thanks
  • #1,680
  • Jun 8, 2011 6:16pm Jun 8, 2011 6:16pm
Quoting ES Trader
Hi FH,

I have a quick question. I was looking at your template. Looks like the time is off by one hr. The template says it has 2 hrs + for a new daily bar. But I actually have 1hr+ ( Central time) for a day change. New day bar should form at 7PM central time.
How do I change the time zone on the indicator/Template.

Thanks

Here is the chart with your template:
Hey Kris,

The indi plays off the internal bar timer settings from within the inputs. If you input 10080 it will refresh weekly. 1440, every 24hrs. 240, every 4 hours, and so on. It is independent of the time of day, or what part of the world you might be living in. And the candles it is refreshing with are those of your broker. So again, it has no bearing on where you are physically. Does this answer your question?
To improve is to change. To perfect, is to change often.
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