Extracted Thread (per thread starter's request) | Page 52 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

1 trade per pair per year 6 replies

multiple systems per pair/multiple pairs per system? 3 replies

Extracted Post (per poster's request) 0 replies

Trading 24 hours per day, 5 days per week 14 replies

Attachments: Extracted Thread (per thread starter's request)
Exit Attachments

Extracted Thread (per thread starter's request)

  • #1,021
  • Sep 7, 2011 7:27am Sep 7, 2011 7:27am
does this indicator repaints?

I saw a box on Au 5 mins back,i closed my mt4 and when i reopened it,there was no box.
Trade responsiblypatience is the key/Swing trader
  • #1,022
  • Sep 7, 2011 7:36am Sep 7, 2011 7:36am
Quoting Incrediblle
does this indicator repaints?

I saw a box on Au 5 mins back,i closed my mt4 and when i reopened it,there was no box.
Yep, this does happen, all you need to do is if you are on the 15M chart change it to 1H chart and then back to 15M (This is for MT4)
  • #1,023
  • Sep 7, 2011 7:36am Sep 7, 2011 7:36am
@ Wamo & Khizer,

Gentlemen, we do not swing trade around here, or take trades on hunches. The rules are few, and they are simple. But most of all, they require PATIENCE. You must be prepared to go 2 or 3 days without CZ's when you trade Consolidation Breakouts. And even then, we try to trade only the very best examples that come our way.

Your recent examples do not follow ANY of the rules of my system. All you've done is slapped on the Squalou indi and started posting trades at the drop of a hat, treating the indi the same as you would a MACD or a RSI.

Maybe my system isn't for you 2 guys. That's fine. There are 500 other systems you can try that will encourage you to trade exactly how you are doing. Just not around here.

I've just wasted 15 minutes writing this message. Please don't make me do it again.
To improve is to change. To perfect, is to change often.
  • #1,024
  • Sep 7, 2011 7:42am Sep 7, 2011 7:42am
Quoting Incrediblle
does this indicator repaints?

I saw a box on Au 5 mins back,i closed my mt4 and when i reopened it,there was no box.
I have never seen this happen in this way. There is no reason why a box would appear/disappear, unless you have changed the parameter settings (box height, bar count, etc.). Also, if you are changing time frames, you must have the time set to "0". But if you have not changed the settings at all, then every time you go back to the same pair you should always have the same CZ's showing.
To improve is to change. To perfect, is to change often.
  • #1,025
  • Sep 7, 2011 8:02am Sep 7, 2011 8:02am
Quoting forexhard
I have never seen this happen in this way. There is no reason why a box would appear/disappear, unless you have changed the parameter settings (box height, bar count, etc.). Also, if you are changing time frames, you must have the time set to "0". But if you have not changed the settings at all, then every time you go back to the same pair you should always have the same CZ's showing.
nope i havent changed any settings,there was a box on AU but as soon as i relogged in,there was no box.

please confirm with others.

I am using standard setting on 15 mins chart.
Trade responsiblypatience is the key/Swing trader
  • #1,026
  • Sep 7, 2011 8:06am Sep 7, 2011 8:06am
here is the picture.
Attached Image (click to enlarge)
Click to Enlarge Name: t.gif Size: 45 KB
Trade responsiblypatience is the key/Swing trader
  • #1,027
  • Sep 7, 2011 8:10am Sep 7, 2011 8:10am
As I said before, I have exactly the same thing and the way I fix it is to change quickly to another timeframe and then back to 15M, it works everytime.
  • #1,028
  • Sep 7, 2011 8:13am Sep 7, 2011 8:13am
Quoting johnvr
As I said before, I have exactly the same thing and the way I fix it is to change quickly to another timeframe and then back to 15M, it works everytime.
hi jhon,

this is the first time i have came accross to this,i tried to change the time frame but no use. still there is no box.
Trade responsiblypatience is the key/Swing trader
  • #1,029
  • Sep 7, 2011 8:15am Sep 7, 2011 8:15am
FxH,

I have read the entire thread and I believe I took a trade by the rules. See the chart below, where I entered on the bar indicated by the black line. Two consecutive closes above the upper buffer line. Perhaps this example does not fall under your consideration of the "very best", but I do not see how I violated any other rules in taking the trade.

Edit: Please do not reply if it will be a waste of your time.

Edit2: I see the confusion. I spoke about an area of congestion, but it was not clear that I was considering that area for my profit target, not the entry. I entered the trade according to your rules, but took my profit as the trade entered an area of congestion/stall around 1.6025.

Quoting forexhard
@ Wamo & Khizer,

Gentlemen, we do not swing trade around here, or take trades on hunches. The rules are few, and they are simple. But most of all, they require PATIENCE. You must be prepared to go 2 or 3 days without CZ's when you trade Consolidation Breakouts. And even then, we try to trade only the very best examples that come our way.

Your recent examples do not follow ANY of the rules of my system. All you've done is slapped on the Squalou indi and started posting trades at the drop of a hat, treating the indi the same as you would a...
Attached Image (click to enlarge)
Click to Enlarge Name: ss1.gif Size: 19 KB
  • #1,030
  • Sep 7, 2011 8:17am Sep 7, 2011 8:17am
this is really weird,i opened up demo account from my real account and now there is a box,

some serious issue,technicians please look into the matter.


please note i havent changed any settings.
Attached Image (click to enlarge)
Click to Enlarge Name: t.gif Size: 37 KB
Trade responsiblypatience is the key/Swing trader
  • #1,031
  • Sep 7, 2011 8:20am Sep 7, 2011 8:20am
There is no reason for a CZ to form in that area. I can tell from here that those bars are much too spikey. Personally I have never seen the indi paint false boxes in this way. Just keep any open eye and see if it ever happens again.

Also, your CZ's are too big for that pair. Try changing the ADR setting to 100/.2. On my charts the A/U CZ's become 28 pips tall.
To improve is to change. To perfect, is to change often.
  • #1,032
  • Sep 7, 2011 8:21am Sep 7, 2011 8:21am
when i switch from real account to demo account whole chart gets messed up,box which were there gets dissappeared and those which were not there appears.

it is suppose to remain the same isnt it?


I am using standard setting.
Trade responsiblypatience is the key/Swing trader
  • #1,033
  • Sep 7, 2011 8:24am Sep 7, 2011 8:24am
Quoting Wamo
FxH,

I have read the entire thread and I believe I took a trade by the rules. See the chart below, where I entered on the bar indicated by the black line. Two consecutive closes above the upper buffer line....
Apologies. My bad. This is why I always ask for chart pix. So much can be misunderstood without them. From your verbal description I thought that you had taken a much later trade in a swing fashion. Glad it worked out for you. Do you have any questions about that CZ or that trade?
To improve is to change. To perfect, is to change often.
  • #1,034
  • Sep 7, 2011 8:28am Sep 7, 2011 8:28am
forexhard

I need to apologize to you publicly. Like some others that have been around for a while I thought you where just another half baked demo trader. In my defense there is a heck of a lot of that going around.

But because I try to look at everything with an open mind I took your 30 pip box and moved it around to trades I have taken this year ( I am a swing trader), to see if I could have improved them.
What I have found is with just minimal knowledge of your method I would have stayed out of a bunch of small profit/losers.

Dammit now I have to read this entire thread and start testing for real.
I will be back.

You are doing a good thing here. Thanks.
  • #1,035
  • Sep 7, 2011 8:29am Sep 7, 2011 8:29am
Incredibille, I think the trouble is because you are using a very loose ADR settings. ADR too small (only 30), and too few bars (22). You realize that with ADR settings the indi recalculates with every new bar, right? And if the settings are too loose, I'm guessing it's possible to see a ghost CZ every now and then (although I have never seen one). I think if you tighten your settings (24 bars, ADR 100/.2, etc.) you will see better results.
To improve is to change. To perfect, is to change often.
  • #1,036
  • Sep 7, 2011 8:33am Sep 7, 2011 8:33am
Quoting Incrediblle
when i switch from real account to demo account whole chart gets messed up,box which were there gets dissappeared and those which were not there appears.

it is suppose to remain the same isnt it?


I am using standard setting.
What the heck I'm here so I might as well chime in.
Some brokers use different servers for there demo accounts so the data your boxes are based on won't be the same.
  • #1,037
  • Sep 7, 2011 8:40am Sep 7, 2011 8:40am
Quoting forexhard
Apologies. My bad. This is why I always ask for chart pix. So much can be misunderstood without them. From your verbal description I thought that you had taken a much later trade in a swing fashion. Glad it worked out for you. Do you have any questions about that CZ or that trade?
No worries, and thanks a ton for sharing your method. I will be sure to include a chart when I post about an entry from now on.

I don't have any questions about that trade as it worked exactly according to plan. You have described your method in detail, and the little hints you have dropped along the way have been very handy. I especially like the one about diagonal price movement within the CZ indicating a "likely" direction of breakout. It was true for this particular trade and I have added it to my toolbox for further study.

The primary area of questions for me currently is how to handle "returns to the CZ" where price breaks out, runs a bit, and eventually returns to a previous CZ represented by the larger (horizontal) box. E/U is a good example of that right now, back into the CZ of 1.4058-1.4092. Rather than ask direct questions looking for a fish, I figure it is far better for me to study price action in these situations and see if something "jumps out" at me. Perhaps letting my subconscious stew on it for a while.

Thanks again for sharing, in so many ways.
  • #1,038
  • Sep 7, 2011 8:41am Sep 7, 2011 8:41am
A Good one for today. Anyone else caught this one?


Anderson
Attached Image (click to enlarge)
Click to Enlarge Name: EUGBP sept 7.JPG Size: 68 KB
  • #1,039
  • Sep 7, 2011 8:44am Sep 7, 2011 8:44am
do we need to reset whole settings? I am using the standard one.


FXH can u please let us know what will be the best setting to trade this system.
Trade responsiblypatience is the key/Swing trader
  • #1,040
  • Sep 7, 2011 8:47am Sep 7, 2011 8:47am
Earlier, I bought AUD/USD at 1.0577 and took profit at 1.0602
Attached Image
4 traders viewing now