Extracted Thread (per thread starter's request)

All I know is I want my CZ's to have at least 30 M15 bars, and I want them to be less than 30p tall. My indicator defaults are set to 30 bars, so anything less won't even pop up on my radar screen. Saves a lot of time that way, trust me.

CZ's with 40 bars get my attention even more.

CZ's under 25p tall do too.

42 bars and +/-20p tall is enough to make me lose sleep over.

There can be any number of refinements to this process, but the underlying principle remains the same: The shorter the CZ, and the longer CZ, the better we like it. There's no need to over-analyse. It really is just that simple.

Woke up this morning to a nice 43p counter-trend trade.

Got in a few bars earlier than normal, but I had been watching PA for about 3 hours before that. DD was just 15p. Price actually went 65p in my favor, but lost a few pips on retrace to my jumping stop.

Nice win for you forexhard
I have so far read 68 pages of this thread, thank you for sharing, you have obviously put a lot of time and effort into it to help others.
I'm not sure why but indicator on my chart didn't change from when I had first set it up. I have now uninstalled that indicator and replaced it with another which is showing correctly. I'm looking forward to demoing this.
I will post charts when I make trades

(Indicator removed for better veiwing.)

I sure do hope my point is getting across about ignoring the long term trend. For all anyone knows, this is the start of a whole new trend, and traders like us got in at the very beginning. Everyone else is waiting for a weeks' worth of candles to go by before realizing a new direction has been established. Meanwhile we've already banked 500p.

Speaking about ignoring the long-term trend, the post below is my favorite bookmark on the subject. Thanks again FH!

hi forexhardt spent 5 hrs reading half of the thread, very interesting, and I know how much u won b4 u edited yr post hehehe

Hello,

I have been following this thread for a while and have read it as well. I am a new member but not new to the forum never really feeling like I have much to contribute being in Forex less than 1 year.

I have to ask FH how you came about that box on your chart. No matter how I set the indicator I cannot get the same box length as you.

Is this your propietary alogrithym that you had mentioned? If so might I suggest you post trades using the same tools that those trying to learn this method can also use. If the intention here is to treach this method it really doesnt help any of us check our work or learn if we are all not using the same play book.

I have posted my chart for the short trade that I took off the box the indicator drew. I have nothing to complain about as currently it sits at 186 pips.

This by any account is a great trade, but if it is the result of a box that was drawn wrong or a mistake on my part then it really isnt a winning trade since using the method and applying it in the wrong manner will eventually lead to losses.

Hello,

Here is my latest trade just placed on the AUD/USD I have attached the chart as well as the settings for the indicator. If anyone else is using a better setting etc can youlet me know.

Thanks

I would have to echo forexmom on her suggestion to use the same methods for drawing boxes. I have yet to be able to duplicate a box that ForexHard has drawn. My method has been to draw a box first for the day and attach the indi. most times I am correct but yours (Forex Hard) never seem to match mine.

Perhaps a few veterans could post boxes and we could all check against them. It would be nice to see what settings are working and flopping etc etc.

Nice trade forex mom!!! Could I ask what indicator you are using for your trailing stop and those candles? It seemed to squeeze every pip from that trade.

Listen up everyone. When I first came up with the idea for this system 5 years ago, I had only the most basic tools at my disposal. No indicators had yet been created, and no custom algos either. It was just me, my eyes, my wits, and 30+ hours a week studying the charts. I didn't introduce any automated charting indicators for nearly 2 years. Before that it was just the most naked trading possible. All of this is covered in the first 4 or 5 pages of this thread. What I showed there is exactly how I did it for those first 2 years.

You guys that are coming into this thread... not only are you being handed 5 years of my life as a successful trader on a platter, but you also have the Squalou indicator as well. I didn't have any of these tools at my disposal, and I sure as hell didn't have a mentor with a 95% hit rate offering me his advise for free either.

So instead of focusing on the little things I have kept to myself, how about you focus on the MASSIVE advantages and tools that you DO have? You have everything you need right here in front of you. We already have guys earning 5% daily several days per week, who also have just the very same tools that everyone else does.

Are there things I have kept to myself? You bet there are! I've kept a lot of things to myself, and I've chosen to not answer many questions over the course of this thread, and that has pissed some people off. But that doesn't bother me, because I know the true value of the information and the help that I have given, and in the end that's all that really matters. My legacy is what I have freely given, not what I have held back.

FxH

Just finished reading through the entire thread. Great Stuff. Can't wait to start scanning for and practicing setups.

FH, thanks for your contributions. Unfortunately most people here on FF want an automated, 100% hit rate system handed to them without doing any work or analysis. Keep it up.

Thanks forexhard

Ok so the swhort on the AUD/USD stopped out with the settings I posted. a 23 pip loss. There are a number of boxes on USD?GBP and EUR/USD I chose to take the long on kiwi the settingson the box were standard. so lets see how this goes its counter trend.

You say that you have read the thread, but so far you haven't taken any actions to refine your CZ's. Simply using the default indicator settings is not enough, and it has never been recommended that you do so. Those default settings are just a starting point, just some very basic parameters so that you will see some boxes on pretty much any pair or any time frame that you drop the indi on to. From there it's up to each trader to spend the time to refine their settings for their favorite charts, and then save a custom template for each one. For example, I have about 20 saved templates for my CZ trading. I do NOT have a universal template that works exactly the same no matter what. Such a thing doesn't exist.

It's obvious to me that there are key parts that didn't sink in the first time through. I recommend that you try again.

That's interesting. 3 posts and banned already. Looks like Forexmom was just spamming us. Their posts did seem odd and contradictory. Good riddance troll!

Same chart, with and without indis. 250p straight down. By now other systems are catching on that a change in direction has taken place, but SSBO traders have had at least 2 CZ's to trade from already.

When you have no opinions about where price may go, you are prepared to follow it any where.

This looks really interesting. It's not very often that the bars line up in such a perfect rank like this. This is definitely worth keeping an eye on...

And 8 bars later here we go....

The Incredible Shrinking Consolidation Zone. Neat title for a movie...

Excuse me FXH I am not a troll and have been a member much longer than you. My question is why would you ban a person who posted charts of the trades. Is it that she caught 180 pips while you got 63 on the same trade?

How is it spamming if she asks for settings or help with such? I know you preach learning your technique so that you can do it by sight and not count on a just an indicator. So if that is the case, why is it that you were actively involved in trying to create a robot for this method? Darvas created and calculated his boxes using a piece of paper and pencil, so does that mean any one who wants to trade Darvas boxes should do so as well? If the technology exists it exists to be used.

I question your motives. I asked for conformity and clarity on drawing boxes. In another thread your rules are contradictory to the rules you state here.

For example you state that we should use the mid point of a CZ as a stop loss but in posts in this thread we should not worry abot being stopped out because you can take the break on the other side. That's fine until that break reverses and goes the other way, on a 30 pip box that could be 60 pips on 2 trades.

You continue to mention your algo's and post charts with indicators not shared but that obviousy play a part in your trade choices and they are obviously a part of your decision making process. So are you really sharing the system and trading the system you "perfected" over the last 5 years that has made you "succesful" or are you trading a different system? Why are you not using just the system and techniques that you are so graciously sharing with us? Why do you need "special algo's" and indicators? The system doesn't need them correct? If it doesn't need them why bring them up? What are your motives for constantly posting and mentioning them? Do you plan you offer them commercially? Start a service perhaps?

If one was to go back and look at the other thread thats was started discussing these break outs, you were still working out the kinks a year ago with the help of Sq. At the time you wanted his help programing the indicator and didn't have enough knowledge of programing to know that the limits of Metatrader would allow for the swing pips to be plotted in a different manner. So how is it that you programmed thesecomplicated "algo's"?

You brow beat readers of this thread repeatedly to post. Threatening to close it down untill you finally got banning priviledges. At which point you were over come with joy that they had been earned. Is that what you wanted, to feel powerful? Are you so insecure that a question or challenge of any sort causes you to lash out? Get real sir. You are not the second coming of Darvas. You want an easy way to find a CZ. Look for a double or triple top and a double or triple bottom. It will show you the start of a CZ. If anyone should get praise here it is Sq. He developed the indi making it easy to find trading opps. Asking about the settings helps those who are using the indi. Knowing what settings lead to success may help someone feel more secure in the method. Demo trading is fine except we all know that the markets never behave in the same way twice. Doubt and indecision are a traders worst enemy and can cause a good system to perform horribly. I know, I have blown up my fair share of accounts. Most traders know when to enter and have an idea when to get out. Screen time helps traders develop an instinct for trading. What causes traders to lose money is nerves.

When you start a thread in this forum posting a system or indicator you have a responsibilty to teach the method in a manner that you trade it. You have an obligation to help those that read it or use it, to understand and use it to the best of their abilities. The spirit of the forums is traders helping traders. If someone is not willing to take that resposibilty they should not be teaching. Would you teach some one to drive without using the brakes? Why would you teach someone to trade but make them feel something might be missing that could make it easier or less stressful?
Your thread states clearly "no indicators needed". Naked trading so easy its hard. So here is my question? Whats that indicator on the side of the last charts that you posted? Looks alot like a volume indicator turned sideways to disguise it. I think I saw that in the VSA system thread.



Oh one last thing I doubt very much that you are hitting 95% of your trades. How about linking your account to one of the many verifying services out there so we can all see just how good you really are? Heck if you are that good you can trade for me? I'll turn over the keys now.