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  • #841
  • Edited 12:40pm Aug 29, 2011 12:27pm | Edited 12:40pm
First pic shows what I see when I look at a naked chart.

Second pic is the same chart with only the indi attached.

Anyone notice any patterns or other applicable correlations?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: greed1.gif Size: 176 KB
Click to Enlarge Name: greed.gif Size: 156 KB
To improve is to change. To perfect, is to change often.
  • #842
  • Aug 29, 2011 12:50pm Aug 29, 2011 12:50pm
Quoting forexhard
First pic shows what I see when I look at a naked chart.

Second pic is the same chart with only the indi attached.

Anyone notice any patterns or other applicable correlations?
STAIRSTEPS? :-)
I don't say
  • #843
  • Aug 29, 2011 1:17pm Aug 29, 2011 1:17pm
Greed is expected soon . Strong breakout
  • #844
  • Aug 29, 2011 1:55pm Aug 29, 2011 1:55pm
Quoting forexhard
First pic shows what I see when I look at a naked chart.

Second pic is the same chart with only the indi attached.

Anyone notice any patterns or other applicable correlations?
Greed is next.
  • #845
  • Aug 29, 2011 2:35pm Aug 29, 2011 2:35pm
Quoting altoronto
Greed is next.
Possibly greed is next. But what we are looking for is a red zone. We do NOTHING until we see a red zone. No CZ, no trade. Period.

When there are no CZ's (red zone), it's usually because we have something like this pattern showing. Which is fine. I have nothing against this type of formation. It's just not a CZ. When I see this type of formation I know not to waste my time with this pair. Again, no biggie. It just means I can focus on the pairs that do fit the criteria I am looking for.

My CZ indi is set for 24 M15 bars. That's 6 full hours. Or, put another way, 1/4 of a trading day. So even if the tail end of this orange formation does become the start of the next CZ, I know that it's still at least 3 hours (12 bars) from becoming one.
Attached Image (click to enlarge)
Click to Enlarge Name: greed3.gif Size: 112 KB
To improve is to change. To perfect, is to change often.
  • #846
  • Aug 29, 2011 3:19pm Aug 29, 2011 3:19pm
Quoting forexhard
First pic shows what I see when I look at a naked chart.

Second pic is the same chart with only the indi attached.

Anyone notice any patterns or other applicable correlations?

Great stuff here, have you thought about developing this into an algorithmic program? I may be able to help you out a bit.....However, I can tell you that you are on the right track to something very profitable
  • #847
  • Aug 29, 2011 3:23pm Aug 29, 2011 3:23pm
Quoting forexhard
Possibly greed is next. But what we are looking for is a red zone. We do NOTHING until we see a red zone. No CZ, no trade. Period.
... and there you have pinpointed my problem. I am actively seeking out the trades.

By this analysis, my recent comment about the PA retracing to the CZ is somewhat moot. Just because it has retraced to the CZ does not make it a CZ. My problem is that I am impatient. I constantly have to remind myself of ForexHard's comment to let the trades come to me rather than chasing them (I am paraphrasing).

There will always be another trade opportunity. There will always be another trade opportunity ...
  • #848
  • Aug 29, 2011 3:28pm Aug 29, 2011 3:28pm
Quoting Tpc23
... and there you have pinpointed my problem. I am actively seeking out the trades....my recent comment about the PA retracing to the CZ is somewhat moot. Just because it has retraced to the CZ does not make it a CZ. My problem is that I am impatient.
I'm encouraged that you saw the correlation. Your recent posts are why I made these pix.
To improve is to change. To perfect, is to change often.
  • #849
  • Aug 29, 2011 3:49pm Aug 29, 2011 3:49pm
Thanks.
  • #850
  • Aug 29, 2011 4:34pm Aug 29, 2011 4:34pm
OK, so I was wrong. It only took 7 more bars for a CZ to form. Sue me.
Attached Image (click to enlarge)
Click to Enlarge Name: cz.gif Size: 75 KB
To improve is to change. To perfect, is to change often.
  • #851
  • Aug 29, 2011 10:46pm Aug 29, 2011 10:46pm
Anything here worth commenting on, men?

These CZ's are happening now.

It will be interesting to see how they look in the morning. Place your bets asap. There's no money riding on the outcome, so be brave and make your wager/opinon public. Right or wrong, the poster with the most interesting comments/observations (to me) wins a 15-min Skype convo with Yours Truly for later this week. So jump in, the water's fine!
Attached Images
To improve is to change. To perfect, is to change often.
  • #852
  • Aug 29, 2011 10:52pm Aug 29, 2011 10:52pm
E/J - buy
E/U - buy
G/U - buy
  • #853
  • Aug 29, 2011 11:00pm Aug 29, 2011 11:00pm
Looking at risk appetite since friday..the logic said sell U$D ..but prefer to wait till we see clear breakout..maybe they already tired of buying stocks since friday & start selling..

Good Luck !
  • #854
  • Aug 30, 2011 2:03am Aug 30, 2011 2:03am
Closed for comments. All 3 pairs have already broken out past the buffer line, and all 3 pair broke down. Ya snooze, ya lose.
To improve is to change. To perfect, is to change often.
  • #855
  • Aug 30, 2011 3:40am Aug 30, 2011 3:40am
Wish you all got a nice pips from GU.. ..Good Luck !
Attached Image (click to enlarge)
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  • #856
  • Aug 30, 2011 5:14am Aug 30, 2011 5:14am
missed the EU breakout, caught some of the GU on m15 and some of the EJ on moth m5 and m15.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU 0830 CZBO.JPG Size: 53 KB
Click to Enlarge Name: EJ m15 0830.JPG Size: 57 KB
Attached Image
  • #857
  • Aug 30, 2011 5:16am Aug 30, 2011 5:16am
I'am IN at usdchf

i add Demark trendline
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Simplicity your Life
  • #858
  • Aug 30, 2011 5:42am Aug 30, 2011 5:42am
hi guys.

your system looks fantastic, I was just wondring what stoploss do you recommend? and also how do you go about filtering out the fake breakouts as I demo'ed the euresd this morning. A buy trade was triggerd at 145310 and it was fake, so i lost. then later we had a sell 144854, which was a winner however I lost due to my narrow stoploss.

regards
  • #859
  • Aug 30, 2011 6:50am Aug 30, 2011 6:50am
Quoting tiger2009
hi guys.

your system looks fantastic, I was just wondring what stoploss do you recommend? and also how do you go about filtering out the fake breakouts as I demo'ed the euresd this morning. A buy trade was triggerd at 145310 and it was fake, so i lost. then later we had a sell 144854, which was a winner however I lost due to my narrow stoploss.

regards
It's more detailed in the thread but most adjust lot size to risk and place stop on other side of the box. (IF sell then stop on top of box, IF buy then stop on bottom of box).

SGD/JPY EJ. Another smooth session down.

Anderson
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ aug 30th.JPG Size: 53 KB
Click to Enlarge Name: SGD JPY aug 30th.JPG Size: 54 KB
  • #860
  • Aug 30, 2011 8:05am Aug 30, 2011 8:05am
Just sharing..I always check the PA position on H4 & Daily to see whether it's : Near Major S/R , Uptrend/Down Trend/Range..then i'll prefer to place order when breakout in line with the trend (above green color/buy , below red color/sell)..Good Luck !!
Attached Image (click to enlarge)
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