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  • #1,081
  • Sep 8, 2011 1:15am Sep 8, 2011 1:15am
Eur/usd created new box. let me know is that valid? can we place stop order over here?
Attached Image (click to enlarge)
Click to Enlarge Name: valid.GIF Size: 17 KB
Trade what you see, Not what you think.
  • #1,082
  • Sep 8, 2011 1:15am Sep 8, 2011 1:15am
Quoting forexhard
Here's another example, Squalou. The green line on the left shows the separation of the 2 buffer lines, and the green line on the right shows the separation of the CZ's. The 2 green lines should be meeting where the green CZ line is.

Notice also the green line on the far left. Things are not matching up there, either.

Got some rest...
So you guys been fooling around with my babe, huh ?.....

ok, still a few details to take care of... ha well...


Sq
  • #1,083
  • Sep 8, 2011 1:19am Sep 8, 2011 1:19am
sq.colours of first indi is better,in second indi candles are hardly visible
Trade responsiblypatience is the key/Swing trader
  • #1,084
  • Sep 8, 2011 1:28am Sep 8, 2011 1:28am
Quoting iono
Cool script, let me ask, I load it and it scans, then basically ends, then deinitilizes as reason is 0...should it continually scan or do I need to load periodically to check on the various pairs?
Thanks
Yes .. the script runs once only then stops.

It is merely a tool to help you find ranging pairs at the time you scan.

I do it about 2 hours before London, get the pairs ranging nicely then use DynamicBoxes to trade those pairs.

I use Easy Robot to trade upper and lower yellow line. It gives me nice control on takeprofit, stoploss and breakeven. Easy Robot is available on ForexFactory.

Regards
ECFOREX
I Love Pips - Lots of Pips
  • #1,085
  • Sep 8, 2011 1:33am Sep 8, 2011 1:33am
Quoting Incrediblle
sq.colours of first indi is better,in second indi candles are hardly visible
You can change the colors yourself.
  • #1,086
  • Sep 8, 2011 1:57am Sep 8, 2011 1:57am
i dont understand why you guys so shy to reply.
eur/usd created new box and going to brake uper buy stop.
will you guys enter long in eur/usd?


Quoting khizer
Eur/usd created new box. let me know is that valid? can we place stop order over here?
Trade what you see, Not what you think.
  • #1,087
  • Sep 8, 2011 2:19am Sep 8, 2011 2:19am
@khizer.. why don't we wait if the set up appear at eu or sl from previous box got hit ? ( 2 candle above/below buffer line )..I took short set up at eu & cable few hours ago (still loss in eu but profit in cable)..so i'll just leave it to the market to decide ..Good Luck !!
  • #1,088
  • Sep 8, 2011 2:24am Sep 8, 2011 2:24am
Quoting khizer
i dont understand why you guys so shy to reply.
eur/usd created new box and going to brake uper buy stop.
will you guys enter long in eur/usd?
Nobody's shy, Khizer, but, considering your questions, I think you should read (again) from the beginning of this thread, paying a bit more attention on details, really...

Hint: we DO NOT open positions like that...

Good work, Sq, this one it's really nice!
I don't say
  • #1,089
  • Sep 8, 2011 2:53am Sep 8, 2011 2:53am
New overlapping CZ's on EU.....
Wait and see!!

http://i600.photobucket.com/albums/t...waitandsee.jpg
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #1,090
  • Sep 8, 2011 3:05am Sep 8, 2011 3:05am
ok I am going to read again!
but can you indicate where i am wrong.
its "the CZ when the blue box first appear on that trading day".

And i enter when new cz created as you can see.

I did bellow trades because all of these pairs apear new cz:

Gbp/usd: short (positive)
Eur/usd: long (negative)
USD/CHF: long (positive)

I am looking reply to indicate my mistak.


"Mer explain me that:

@Khizer - I think you have a wrong approach to this system. You only enter from the break of the CZ when the blue box first appear on that trading day. On succeeding days, if there is no new blue box created, you do not trade. In your example, the E/U blue box was created from yesterday so you should not use it anymore today or any other day until a new CZ blue box appears."



Quoting dragosd1
Nobody's shy, Khizer, but, considering your questions, I think you should read (again) from the beginning of this thread, paying a bit more attention on details, really...

Hint: we DO NOT open positions like that...

Good work, Sq, this one it's really nice!
Trade what you see, Not what you think.
  • #1,091
  • Sep 8, 2011 3:16am Sep 8, 2011 3:16am
Quoting forexhard
ecforex, Thanks very much for offering your coding skills to my system.

I have tested your script, and I think it has promise. But I think it would work better as an on-chart info graph. Would you be willing to re-code it for that purpose?

If yes, then right away it should have custom corner selection, as well as a customizable background color. If you are not sure what I mean, or how to code the background, then use Squalou's indicator as a point of referrence. It has both of those things. In addition, the font style should be selectable,...
Hi FH

I would give it a try.

I am really an amateur meta programmer ... but do agree it would be nice to see data on screen - to see which pairs are ranging at that moment.

I will do on each new bar only .. and display as requested.

The advantage of this would be that it would show which pairs are within the box .... ready to place stop orders ...

I must admit I still prefer manual ordering rather then leaving a robot to mess up my account.

This system is so easy to do manually ... and if you play orders without stop loss and take profit, the risk is the box size +10 pips as one stop limits the other ..

Once again, thanks for a great system

Regards
ECFOREX
I Love Pips - Lots of Pips
  • #1,092
  • Sep 8, 2011 3:17am Sep 8, 2011 3:17am
Quoting forexhard
My entry rules kept me safe here. No trade last night on G/U.
Hi, my first post here, would be grateful if some of the more experienced students of this method could clarify. while comparing FH's example chart with mine I found the last white candle(marked with the arrow) closed just below the bufferline making this a valid entry for me and would have lost this trade but FH's chart has saved him the trade. not getting where I'm going wrong........sorry posting this a bit late as I'm just catching up with this incredible method.
Attached Image
  • #1,093
  • Edited 3:23am Sep 8, 2011 3:21am | Edited 3:23am
Quoting khizer
ok I am going to read again!
but can you indicate where i am wrong.
its "the CZ when the blue box first appear on that trading day".

And i enter when new cz created as you can see.

I did bellow trades because all of these pairs apear new cz:

Gbp/usd: short (positive)
Eur/usd: long (negative)
USD/CHF: long (positive)
First of all khizer....take a while for updating the new squalou indies and after.....you must know your setting of the squalou's indicator for trade.....and after you must know that not everyone here doing the same approach like you (buy stop or sell stop) or same setting of the indie.....like me using forexhard method for entry and different Daily ATR setting.....

So...it just my 2 cents....
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #1,094
  • Sep 8, 2011 3:41am Sep 8, 2011 3:41am
If one put a buy stop at latest EU CZ box ( 1.4085) the order will be executed ,but if waiting for 2 candle above buffer line it will be no entry yet..
Hope you guys hv enough pips from Cable ..my TP for Cable already hit & close my euro with 8 pips loss , with major news in few hours i just don't have the gut to wait .. Good Luck !!
  • #1,095
  • Sep 8, 2011 3:51am Sep 8, 2011 3:51am
Agreed.

We're not supposed to have buy stops or sell stops anywhere as that would make waiting for 2 CLOSES beyond the buffer impractical to do.

We're supposed to execute AT MARKET.

Quoting andri66
If one put a buy stop at latest EU CZ box ( 1.4085) the order will be executed ,but if waiting for 2 candle above buffer line it will be no entry yet..
Hope you guys hv enough pips from Cable ..my TP for Cable already hit & close my euro with 8 pips loss , with major news in few hours i just don't have the gut to wait .. Good Luck !!
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #1,096
  • Sep 8, 2011 4:12am Sep 8, 2011 4:12am
Not sure what clarification you need, actually. FH's chart is different most likely due to the different broker feed he's using.

I would agree some people would follow FH's method to the letter i.e. execute at market as soon as possible after the 2nd close outside the buffer, with a stop loss order on the other buffer line.

But I personally would wait for a LH-HH-LH fractal to form after those two bars closed below the buffer before selling... and even if I did sell after seeing that fractal, I might have still lost money, but at least I followed the main rules and my loss is a little less since I would've sold at a slightly higher level.

My 2 cents.

Anyways, losses are a fact of life. You can't win all the time but with patience and a little intelligent risk-taking, you can definitely lose less than you make.


Quoting mahnooj
Hi, my first post here, would be grateful if some of the more experienced students of this method could clarify. while comparing FH's example chart with mine I found the last white candle(marked with the arrow) closed just below the bufferline making this a valid entry for me and would have lost this trade but FH's chart has saved him the trade. not getting where I'm going wrong........sorry posting this a bit late as I'm just catching up with this incredible method.
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #1,097
  • Sep 8, 2011 4:26am Sep 8, 2011 4:26am
Quoting imranyusof
Not sure what clarification you need, actually. FH's chart is different most likely due to the different broker feed he's using.

I would agree some people would follow FH's method to the letter i.e. execute at market as soon as possible after the 2nd close outside the buffer, with a stop loss order on the other buffer line.

But I personally would wait for a LH-HH-LH fractal to form after those two bars closed below the buffer before selling... and even if I did sell after seeing that fractal, I might have still lost money, [b]but at least I followed...
Hi Imran,
Thanks for the feedback, however could you please clarify would you be following the main rules of FH if you would have sold at a higher level (I mean to say you would have shorted within the box itself or within the buffer line), as of now I'm trading exactly by the rules and am trying to find a way to minimise my losing trades as you said...
  • #1,098
  • Sep 8, 2011 4:32am Sep 8, 2011 4:32am
I am expecting reply on attached pictuers.

(thankfull if you indicating me where I am wrong)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.GIF Size: 25 KB
Click to Enlarge Name: 2.GIF Size: 21 KB
Click to Enlarge Name: 3.GIF Size: 24 KB
Trade what you see, Not what you think.
  • #1,099
  • Sep 8, 2011 4:41am Sep 8, 2011 4:41am
Hmm.. I think before anyone can match your expectations for a reply, maybe you can indicate for us what you mean by "if I took entry here" e.g. did you buy or did you sell?

It's not clear to all of us here, I'm afraid...

Quoting khizer
I am expecting reply on attached pictuers.

(thankfull if you indicating me where I am wrong)
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #1,100
  • Sep 8, 2011 4:43am Sep 8, 2011 4:43am
Have a look one more my trade!

Closed usd/chf with 29.6 pips
closed GBP/NZD with 44.2 Pips


(waiting seniour person coments, I hope I will learn lot more for this system with your helps)


Quoting khizer
I am expecting reply on attached pictuers.

(thankfull if you indicating me where I am wrong)
Attached Image (click to enlarge)
Click to Enlarge Name: 4.GIF Size: 24 KB
Trade what you see, Not what you think.
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