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  • #521
  • Aug 9, 2011 10:29am Aug 9, 2011 10:29am
Quoting almo
Very nice trade!


Let's keep them coming !
I missed the trade because suddenly my PC wanted to act like a little.. internet went down on only the pc's in the house all macs running fine. At the 11am hour. I might be done for this session.

Anderson
  • #522
  • Aug 9, 2011 10:44am Aug 9, 2011 10:44am
EURGBP.. I really don't do limits and stop orders but for times when internet wants to act up I think i might take it into consideration.

Anderson
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  • #523
  • Aug 9, 2011 11:21am Aug 9, 2011 11:21am
AndersonAlex,

I like your posting style & your charts are spot as well. I am still laughing just thinking about the chinese food flying all around while you are trying to catch that trade.

This is very simple price action method of trading & all it take is alittle patience to catch the moves.

Keep the charts & trades coming.

_______________________________
  • #524
  • Aug 9, 2011 1:14pm Aug 9, 2011 1:14pm
Quoting acetrader
AndersonAlex,

I like your posting style & your charts are spot as well. I am still laughing just thinking about the chinese food flying all around while you are trying to catch that trade.

This is very simple price action method of trading & all it take is alittle patience to catch the moves.

Keep the charts & trades coming.

_______________________________
this style is stress free.

That's the most important thing for me.
Stress free= longevitiy*
It's not a breakout really of the box but it was something i was waiting on so i had the buy in early.. took some profits and ran
Anderson
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  • #525
  • Aug 9, 2011 2:47pm Aug 9, 2011 2:47pm
I get the role of the smaller 30 pip tall box (shown in cyan on FH's first posts) but how does the long blue box fit in?
You are in a maze of twisty little passages, all alike.
  • #526
  • Aug 9, 2011 8:47pm Aug 9, 2011 8:47pm
Quoting stevegee58
I get the role of the smaller 30 pip tall box (shown in cyan on FH's first posts) but how does the long blue box fit in?
Steve, the extended zone is just an easy way to keep an eye on the S/R zone picked out by any CZ. If you follow my posts you will see how many times I have pointed out how price often returns to this zone, even though it might be a few days later. Squalou's custom indi for my method (attached) creates both the CZ and the extended zone, which continues until the next CZ is formed. Check it out...
Attached File(s)
File Type: ex4 sqDynamicBreakoutBox.ex4   21 KB | 921 downloads
File Type: mq4 sqDynamicBreakoutBox.mq4   24 KB | 1,098 downloads
To improve is to change. To perfect, is to change often.
  • #527
  • Aug 10, 2011 4:40am Aug 10, 2011 4:40am
a question please - do any of the parameters need to be changed for different time frames?
  • #528
  • Aug 10, 2011 9:58am Aug 10, 2011 9:58am
Quoting handy148
a question please - do any of the parameters need to be changed for different time frames?
Answered several times already. This system is NOT about this, or any other indi. There are many details that you will only learn by reading the thread.
To improve is to change. To perfect, is to change often.
  • #529
  • Aug 10, 2011 10:16am Aug 10, 2011 10:16am
Quoting forexhard
Answered several times already. This system is NOT about this, or any other indi. There are many details that you will only learn by reading the thread.
Forexhard has mentioned this quite a few times....in fact, I totally missed where he had an exercise that MUST be performed , to get a better feel for this.

For easier reading of this thread, at the top , Under Thread Tools, click on Printer Friendly, then on the next page, choose 40 posts per page. You will encounter what your looking on page one (posts 1 - 5), and on page 6, but continue reading until your all caught up.
  • #530
  • Aug 10, 2011 11:23am Aug 10, 2011 11:23am
Just for the record, I have read the whole thread more than once and I keep this thread open permanently with email notifications.

I understand what this thread is about, but because it is manual it is subjective - give a chart to 10 traders with this system and none of them will look alike. However, squalou's indi is not subjective it is mechanical. Normally out of courtesy and respect for your thread I would have sent a pm to squalou to ask that question , but as you seem to have endorsed the indi, I thought it would be ok to ask in this forum.

My apologies if I caused any offence.

Mike
  • #531
  • Aug 10, 2011 11:37am Aug 10, 2011 11:37am
Mike, try this recent post from a related thread. #199. It should answer all of your questions, but let me know if you have any more:

http://www.forexfactory.com/showthread.php?p=4856135#post4856135
To improve is to change. To perfect, is to change often.
  • #532
  • Aug 10, 2011 1:26pm Aug 10, 2011 1:26pm
thanks - much appreciated
  • #533
  • Aug 10, 2011 2:31pm Aug 10, 2011 2:31pm
The system in itself is awesome.

I like to believe rightly or wrongly that if it works on GU it should work on everything, so due to work constraints I'm gonna run with squalou indi on several pairs and see what happens.

If you have the cohones to let the trade run, then there are massive points to be had.
  • #534
  • Edited 3:58pm Aug 11, 2011 2:39pm | Edited 3:58pm
FH --

This is the forum I have been looking for.

Do we really know where prices are going next? We have some idea BUT are often not correct due to the bank management of prices and running stops. Why else do 90% + net lose on forex?

Do we know when prices will move? Not really, although London and New York opening plus key news hints movement.

Bottom line, find a CZ, box it off and wait for the departure without too many preconceived notions of where you think it should go.

Anyway, I am reading the full forum. Hopefully more to add later.

Thanks, Forest
  • #535
  • Aug 11, 2011 3:19pm Aug 11, 2011 3:19pm
I can see what you mean because on EURGBP M15 we haven't had a new squallou box since 28th July.
  • #536
  • Aug 11, 2011 4:00pm Aug 11, 2011 4:00pm
Quoting handy148
I can see what you mean because on EURGBP M15 we haven't had a new squallou box since 28th July.
Right. You are finally noticing that CZ's only form under certain market dynamics. Normally the dynamics that lead to extreme consolidation would occur 2 or 3 times per week per M15 chart, and much more frequently on lower TF's. On M1 or M5 you might see 3 or more CZ's per day, depending on how your values are set. And of course, the lower the TF the smaller the TP figure as well. On M1 you are basically scalping.

I'm sure you can imagine why we aren't seeing many CZ's lately on the higher time frames. When the markets finally stabalize Consolidation Zone dynamics will return to normal.
To improve is to change. To perfect, is to change often.
  • #537
  • Aug 11, 2011 4:43pm Aug 11, 2011 4:43pm
Quoting Forest-Sea
FH --

This is the forum I have been looking for.

Do we really know where prices are going next? We have some idea BUT are often not correct due to the bank management of prices and running stops. Why else do 90% + net lose on forex?

Do we know when prices will move? Not really, although London and New York opening plus key news hints movement.

Bottom line, find a CZ, box it off and wait for the departure without too many preconceived notions of where you think it should go.

Anyway, I am reading the full forum. Hopefully more...
You're definitely on the right track. The people who lose are the ones who are the most frustrated. And what frustrates them, is when they are sure that price will do this or that, but then does exactly the opposite. If you look, there are even threads here at FF that ask "what if I just put in an order the opposite of what I normally would?" How silly is that? (Don't answer that. It's rhetorical. LOL) If by now people haven't realized that direction can never be predicted beyond a coin toss, no matter what the fancy indicators say, then they never will. And with my system, we don't have to.

Welcome aboard!
To improve is to change. To perfect, is to change often.
  • #538
  • Aug 11, 2011 7:01pm Aug 11, 2011 7:01pm
Trying to ensure I am 'reading' the CZs.

These, after Sq's first one, are my interpretation of reasonable CZs on M15 (EU).

Issues: 1) are these for a sufficient period and bars? They all run at least 3 hours, or more, and 2) some do run a bit over 30 pips range . . . but seems reasonable from the box sizes notes in post #363.

So, fire away. I'm learning and did not trade these but it seems they could have been entered.

Thoughts?

Thanks, Forest
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  • #539
  • Aug 11, 2011 7:24pm Aug 11, 2011 7:24pm
Using Sq's DynamicBoxBreakout indicator, I think we are now waiting for a Breakout. Am I seeing this correctly?

Guess this applies to North America and Asia/Australia since Europe is generally asleep now.

Hope someone is watching.

Thanks, Forest
  • #540
  • Aug 11, 2011 9:11pm Aug 11, 2011 9:11pm
I am still a little confused, how do you know exactly where to put the box? what defines area?
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