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  • #2,721
  • Jun 28, 2012 1:28pm Jun 28, 2012 1:28pm
@Passerby: you are posting your own method for locating CZ's, but so far you haven't shown any evidence that you have ever followed mine. I'm all for creativity and sharing, but in my thread I want to know what you have learned about my system. It's only fair. You should consider starting your own thread if you have a method which you feel is superior to mine for locating CZ's. If you do, good luck to you, and make sure that you don't include the use of our custom SSBO Squalou indicator.
To improve is to change. To perfect, is to change often.
  • #2,722
  • Jun 28, 2012 1:42pm Jun 28, 2012 1:42pm
OK Gang, so last night FxSpin showed me his progress on the indicator, and I have no problem saying that it's looking great. The indi is already several steps beyond where our good friend Squalou left off. For example, now when you set the box size (i.e., 30p tall) it will also find you boxes that are smaller than this, not just boxes with a static value of 30p like now. So now the indicator actually follows what I'm always saying about "the shorter the CZ, and the wider the CZ, the more we like it". Now the indicator does both at once! Even if we stopped right there, the indicator is already much better than before. But that's not all. It might be another couple of weeks before the new version is released, since we are still working out the bugs, etc. But I promise it will be worth the wait.
To improve is to change. To perfect, is to change often.
  • #2,723
  • Jun 28, 2012 2:48pm Jun 28, 2012 2:48pm
Quoting forexhard
For example, now when you set the box size (i.e., 30p tall) it will also find you boxes that are smaller than this, not just boxes with a static value of 30p like now
That sounds perfect. I often end up using the indicator to 'spot' the CZ's then have to remove it and draw them by hand to actually make the trade. Get's messy, so I'm really looking forward to seeing the new indicator.

(Just read that paragraph back and realised it makes me sound like a real lazy cow! LOL)

Sue
  • #2,724
  • Jun 28, 2012 3:58pm Jun 28, 2012 3:58pm
Calling All Loyal Stairsteppers!

How many of you guys realize that July 1st marks our 1-year anniversary? That's right folks, in less than 48 hours from now SSBO crosses the 365-day mark -- can you believe it? As the thread starter I can only say what a wild and wonderful ride it has been. And I want to thank everyone that has helped make it happen, with very special thanks to Squalou and Mer, and all the guys that have vouched for me. You guys rock!

Over the last year Stairsteps has consistently been one of the most viewed and most voted-on threads of the Forex Factory. We are currently on track for hitting 669,000 views by the 1st, which translates to an average of 1833 hits per day, or roughly 55,000 hits per month! On the interwebs, hit rates are how everything is measured, so numbers like these are actually very important and powerful. It proves that we have something special going on around here, and that it has longevity as well as a strong following. These stats belong to ALL OF YOU GUYS. I just started the thread, but YOU are the ones that kept it going, and who have kept me motivated over the last year.

Now I have a special favor to ask:

I happen to know that we have about 850 regular SSBO members, even if you all don't post in here, I still know you're out there watching and reading. And right now the thread has generated 172 votes, which accounts for maybe 20% of you regulars.

So I'm asking for you guys that haven't voted yet to do so now, on the eve of our milestone anniversary. I won't tell you how to vote, of course, but I would love to see at least 250 votes counted before too long. 300 would be even better. And if by some miracle we can break 405 votes, then SSBO will have the most votes of any system here at the Forex Factory! How cool would that be?!? I know we have the numbers to make it happen, so it's all about you guys taking the 10 seconds to make your vote count. Let's see where we can take this thing!

So take care everyone, go get those pips, and I'll see you "next year"!

FxH
Attached Image
To improve is to change. To perfect, is to change often.
  • #2,725
  • Jun 28, 2012 9:15pm Jun 28, 2012 9:15pm
Quoting forexhard
OK Gang, so last night FxSpin showed me his progress on the indicator, and I have no problem saying that it's looking great. The indi is already several steps beyond where our good friend Squalou left off. For example, now when you set the box size (i.e., 30p tall) it will also find you boxes that are smaller than this, not just boxes with a static value of 30p like now. So now the indicator actually follows what I'm always saying about "the shorter the CZ, and the wider the CZ, the more we like it". Now the...
Cannot wait...thanks FxSpin and FH for all your hard work!
  • #2,726
  • Jun 29, 2012 2:33am Jun 29, 2012 2:33am
Quoting forexhard
OK Gang, so last night FxSpin showed me his progress on the indicator, and I have no problem saying that it's looking great. The indi is already several steps beyond where our good friend Squalou left off. For example, now when you set the box size (i.e., 30p tall) it will also find you boxes that are smaller than this, not just boxes with a static value of 30p like now. So now the indicator actually follows what I'm always saying about "the shorter the CZ, and the wider the CZ, the more we like it". Now...
Hello, Forexhard.
First, I'd like to say that I found this thread only recently and I'm still "giving it a try", as you recommended. So please don't take my words as an offense, I'm not criticizing your method or Squalou's work in any way. I was only thinking about the same problem with the fixed size of the box you brought up. Being a programmer myself, I couldn't help but think about auto-detecting consolidation zones. I felt there should be a way to produce tighter boxes that are better covered by the encompassed bars, the way I like to draw boxes around CZs myself. If you or FxSpin are interested, please contact me, I'll gladly share my approach of doing that. Maybe it will be helpful, maybe it won't, I don't know.

Best Regards,
Barbossa
  • #2,727
  • Jun 29, 2012 2:37am Jun 29, 2012 2:37am
Ha! And you thought it would only make it 10 pages...


Quoting forexhard
Calling All Loyal Stairsteppers!

How many of you guys realize that July 1st marks our 1-year anniversary? That's right folks, in less than 48 hours from now SSBO crosses the 365-day mark -- can you believe it? As the thread starter I can only say what a wild and wonderful ride it has been. And I want to thank everyone that has helped make it happen, with very special thanks to Squalou and Mer, and all the guys that have vouched for me. You guys rock!

Over the last year Stairsteps has consistently been one of the most viewed and most voted-on...
  • #2,728
  • Edited 5:50am Jun 29, 2012 5:31am | Edited 5:50am
Quoting forexhard
@Passerby: you are posting your own method for locating CZ's, but so far you haven't shown any evidence that you have ever followed mine. I'm all for creativity and sharing, but in my thread I want to know what you have learned about my system. It's only fair. You should consider starting your own thread if you have a method which you feel is superior to mine for locating CZ's. If you do, good luck to you, and make sure that you don't include the use of our custom SSBO Squalou indicator.
Actually, I only strictly talking how the indicator used in your system coded. But if you decide it's off topic I'll abide, it's your thread afterall . Unfortunately, I am unable to delete post #2716 because it was already past the time which I able to delete it. I only want to share part of my EA logic to which work well somehow to maybe improve the indie you use here.

And no I do not use any system, I trade naked + some VSA and as long as it works for me I think I will stick to it for a while. Learning new things require efforts that unfortunately I couldn't spare right now, as I already start a thread on PA and VSA at another forum. And do not worry, I rarely use custom indicator, even almost all of my recent EA only use ATR and various MAs the rest is PA and VSA exclude some custom request EA. Using icustom is a pain in the ass to backtest, slowing down the test drasticly even if you optimize the EA. My only work-around is to call the custom indie only if needed, remove it again when not used and refresh but still at least more 5 time slower exponentially for each custom indie. Somehow I found most of the custom indie is a mess, looping here and there, many unnecessary calculation, etc.

Using your setup I bet you catch some nice pips today. Maybe this is my last post here, trade well guys happy weekend(starts early this weeks). No hard feeling, kay! I just want to share.

One last thing that I could think off about trade strategies, if it works for you then it was the best for you. No method or system is superior, it's only a matter of personal choice and fitness to each personality and trading style. Maybe the one best for me is worst for others.

Btw, I think you as Thread Starter could delete my post @2716.
  • #2,729
  • Jun 29, 2012 7:31am Jun 29, 2012 7:31am
Quoting forexhard
OK Gang, so last night FxSpin showed me his progress on the indicator, and I have no problem saying that it's looking great. The indi is already several steps beyond where our good friend Squalou left off. For example, now when you set the box size (i.e., 30p tall) it will also find you boxes that are smaller than this, not just boxes with a static value of 30p like now. So now the indicator actually follows what I'm always saying about "the shorter the CZ, and the wider the CZ, the more we like it". Now...
That sounds fantastic! I had to do it manually - thank you FxSpin for your efforts. Also, congratulations to forexhard and everyone involved for keeping the thread alive over the past year - personally, I have learned lots of useful information from it and "unlearned" some of the obstructing beliefs - I could not ask for more.

I have already placed my vote some time ago but everyone out the who has not yet done so - if you benefited from the work of everyone here show the appreciation and vote up

Have a good day everyone.
  • #2,730
  • Jun 29, 2012 10:53am Jun 29, 2012 10:53am
Hi ForexHard and everyone else here! This is my first post and I hope there will be many others...I've subbed in FF thanks to this great thread, because I find it very different from every other one at FF. Your approach is very particular and this made the difference! You shared your information for free and this allows many people make money. I love this method because I find it intuitive and easy to understand, I've always liked breakouts and I feel this could be the way to be succesful in Forex. It is for this reason that I'm reading the whole thread( I'm stuck at p.109, heavy posts ) and putting all the useful hints, settings, images in a doc file (right now 67 pgs.), that I won't post as I know you don't want and it is MY time and efforts. I'm already good in manually detecting CZs but I still have to fill the gap of the remaining pages. Anyway I recognize the hard work that Squalou made, but it doesn't fit me at all. I've a similar approach to AndersonAlex, if you remember him. Clear charts, manual job, easy and effective. Also, I've seen there's something new coming out soon, I'll be happy to try that. I feel I'm quite nice fitting the phylosophy of the "system", my mind is very clear about the non-existence of fake breakouts, it's just up to you finding the right CZ and the right move to get in. This is why I prefer a manual trading style with this method, altough I don't have much time and I miss many huge opportunities. I'm in demo and I made only few test trades, little moves, anyway. I'm still concentrating on the theory. I'll be very very pleased to share some of my thoughts I'm developing in my mind and contribute to make things clearer on this stuff. And next time my first CHARTS, that I know you like to see!!
Congrats for your time and efforts, and for the thread anniversary!

P.S. I guess many of us made huge pips today with those fantastic CZ on GBPUSD, EURUSD, EURGBP, USDCAD etc....

P.P.S. Forgive me for possible writing mistakes, not being English speaker
  • #2,731
  • Jun 29, 2012 12:25pm Jun 29, 2012 12:25pm
Quoting Barbossa
Hello, Forexhard.
First, I'd like to say that I found this thread only recently and I'm still "giving it a try", as you recommended. So please don't take my words as an offense, I'm not criticizing your method or Squalou's work in any way. I was only thinking about the same problem with the fixed size of the box you brought up. Being a programmer myself, I couldn't help but think about auto-detecting consolidation zones. I felt there should be a way to produce tighter boxes that are better covered by the encompassed bars, the way I like to draw...
Barbossa, please PM Fxspin if you would like to offer your coding skills to the project. He's our lead coder, and he can tell you if he needs any help in that area.

As for the box size "problem", there really isn't one. At least not any more. I had asked Squalou to make our custom indi do this a long while back, but he never got around to it. So this was the very first thing I asked Fxspin to update, and he has done so. From now on the SSBO custom indi will have this feature by default, starting with the very next release. And like I was hinting at earlier, this new feature is just one of many. Version 2.0 is going to be absolutely packed with new features!
To improve is to change. To perfect, is to change often.
  • #2,732
  • Jun 29, 2012 2:38pm Jun 29, 2012 2:38pm
Quoting forexhard
Both pics show the same chart. I live for these types of patterns. Two CZ's forming on the same levels, 3 days apart, and strong breakouts from each one. The top levels of the 2 CZ's missed each other by less than 5 pips even though they were formed 55 hours apart.
I think you manually draw the extensions and in this particular instance you found a gold mine. I have seen this occur on other charts.

My question at this time is.... How far will you be prepared to think of your extension as being valid.. ie would you draw a horizontal trend line to the right of your chart for several weeks..?


Thank you.
  • #2,733
  • Jun 29, 2012 3:18pm Jun 29, 2012 3:18pm
Quoting forexhard
Calling All Loyal Stairsteppers!

How many of you guys realize that July 1st marks our 1-year anniversary? That's right folks, in less than 48 hours from now SSBO crosses the 365-day mark -- can you believe it? As the thread starter I can only say what a wild and wonderful ride it has been. And I want to thank everyone that has helped make it happen, with very special thanks to Squalou and Mer, and all the guys that have vouched for me. You guys rock!

Over the last year Stairsteps has consistently been one of the most viewed and most...
Dear forexhard!

I am improbably glad that you opened surprising simplicity of the difficult market Forex. Blank schedules and the quiet trader who doesn't run behind the price, and waits for it in the networks is a dream.

Gallantly for your patience and talent of the teacher. I read your stream from the very beginning and found answers to all questions.

I look forward the new indicator and I thank you and your programmers for invaluable work for all of us.

I congratulate your remarkable stream on the first year and I wish increase in number of successful traders thanks to you!
  • #2,734
  • Jun 29, 2012 4:07pm Jun 29, 2012 4:07pm
Well done FH. A good, solid thread that is direct and to the point. But most importantly, a simple system that consistently works. At the end of the day its RESULTS that counts. Congratulations!
  • #2,735
  • Jun 30, 2012 2:16pm Jun 30, 2012 2:16pm
Yes, first congratulations, may this thread live longer still. Simple, straight forward, do your homework and reap the reward, what more is there to say.

FXH I have a question regarding the upcoming holiday season, when volumes can drop and volatility increases. Should we change our stop and profit targets to avoid the effects? What is your experience during this period?

Larry
  • #2,736
  • Jun 30, 2012 10:52pm Jun 30, 2012 10:52pm
Quoting LarryK
Yes, first congratulations, may this thread live longer still. Simple, straight forward, do your homework and reap the reward, what more is there to say.

FXH I have a question regarding the upcoming holiday season, when volumes can drop and volatility increases. Should we change our stop and profit targets to avoid the effects? What is your experience during this period?

Larry
Larry, I may have started this thread, but you know, people like you kept me motivated. So thank you.

As for how to cope with slack trading times, there are the usual number of contrasting opinions, and mine would just be one among many. Fact is, most of the ideas probably work at different times for different reasons, just not for every time for every reason. So my final answer would be, if you have any doubts at all on what should be done, then the safest thing is to do nothing. Just keep your computer dark and have a nice relaxing week! Sorry if it sounds like I'm avoiding your question, but by now you know that I always advocate taking the slow and safe approach. There will be plenty of CZ's on plenty of other days, so why add to the risk factor if you really don't need to?

If that's doesn't satisfy your sweet tooth and you just can't see yourself staying out for a whole week, then I would say to add a few extra bars to your CZ finder and hope for the best.
To improve is to change. To perfect, is to change often.
  • #2,737
  • Jul 1, 2012 12:56am Jul 1, 2012 12:56am
Can someone post the best settings for ATRperiod & ATRfactor for following pairs for us novices please ?? We are using M15 charts.

EURUSD
GBPUSD
USDCHF
EURCHF
AUDUSD
NZDUSD
USDCAD
EURGBP

Your help will be appreciate.
You will be D!k head if call us spoon feeding bla bla...
  • #2,738
  • Jul 1, 2012 2:07am Jul 1, 2012 2:07am
Quoting bobbypab
Can someone post the best settings for ATRperiod & ATRfactor for following pairs for us novices please ?? We are using M15 charts.

EURUSD
GBPUSD
USDCHF
EURCHF
AUDUSD
NZDUSD
USDCAD
EURGBP

Your help will be appreciate.
You will be D!k head if call us spoon feeding bla bla...
Good bye Bobby...
To improve is to change. To perfect, is to change often.
  • #2,739
  • Jul 1, 2012 3:33am Jul 1, 2012 3:33am
Quoting forexhard

.......You don't need to spread your risk across multiple charts in order to be successful at this game. 50 pips played the right way on a single chart can earn as much as 300p spread across several. What I recommend is having maximum confidence in one chart only, and then occasionally step outside of it only when necessary. For me, that go-to chart is Cable M15. Everyone should have one.
I unequivocally vote this the smartest statement I have heard from anyone in any forum regarding forex! And CONGRATULATIONS on the 1-year anniversary.
  • #2,740
  • Jul 1, 2012 3:57am Jul 1, 2012 3:57am
Bonne anniversaire mon très cher Forexhard!

A KISS approach ...

Will test it during my vacation.. and will report soon..

A tantôt !
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