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  • #8,621
  • Sep 1, 2012 9:54am Sep 1, 2012 9:54am
Quoting DaddyBear
Let me guess. Right?
no Papa, it's for sure although are allowed,
but...no thanks...wheww
  • #8,622
  • Edited 10:07am Sep 1, 2012 10:05am | Edited 10:07am
Quoting DaddyBear
You are on a free EOD program. I am a paid customer and there are some restrictions. I don't want to have a second guess.

The charts on the free account are the same as the paid account. So, if you are worried, then print out your analysis from the demo chart. By the way the chart I posted is from a paid account.

Let me share one of my favorite quotes that one of my high school teachers shared with us. "Stop thinking of excuses to fail, but think of reasons to succeed."

If you don't want to post a chart, of course no one can make you. But there are several free demo charts out there that you can post. I know of a few great traders on this forum who do exactly that. Of course they don't want others to see some of their more detailed set ups. Anyways, just trying to encourage you to teach through your charts. Most technical traders are not traders of faith like a religion. They need too see the prove. I too am a Doubting Thomas and need to see the charts or the FA numbers.
Luck has no place in trading. Leave that for the poker table.
  • #8,623
  • Sep 1, 2012 10:06am Sep 1, 2012 10:06am
Quoting irfandbl
hey buddy, how is it going?

I can't see the fib lines, they're in yellow with grey backgrounds..maybe I need some glasses :nerd:

but for this one, I think the candlestick you've choses for the 50 fib ones isn't really aligned with the stoch line that crossed/broke the 50 level stoch

Attachment

There is some screen resolution issues where my original PNG files are converted to JPG files by ForexFactory and it lose its sharpness during this automatic conversion, so have to shrink my screen resolution.

Thanks for your feedback.
Multi-timeframe as in longer timeframe and the confluence of different numbers are not look into yet.
Your points noted on these factors.
Only concentrate on H1 for now.

Also realised why you might prefer Excel than the Fib tool as each time I put the Fib tool my final estimates always a bit different.
Guess putting the prices into Excel file will give consistent figures each time, especially dealing with different timeframes.

Below is a re-post with the sharper but smaller PNG charts instead.

===

Doblece & irfandbl, my Fib-Stoch charts attached for A/U H1 for mid-July uptrend.
These charts explain how I am moving the Fib at 100% with the longer Stoch, of course still many tweaking.
You will see how (c) can capture TP3 like Bingo, but in hindsight for now.

What are your feedback ??


(a) TP1 => Stoch break 50.
(b) TP2 => Stoch Pop.
(c) TP3 => Stoch retrace to 50 and resume again.


Attached Image (click to enlarge)
Click to Enlarge Name: 2012-07-25_UpTrend_AU_H1_a.png Size: 57 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2012-07-25_UpTrend_AU_H1_b.png Size: 53 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2012-07-25_UpTrend_AU_H1_c.png Size: 66 KB
  • #8,624
  • Sep 1, 2012 10:27am Sep 1, 2012 10:27am
Quoting Pair-me-up
The charts on the free account are the same as the paid account. So, if you are worried, then print out your analysis from the demo chart. By the way the chart I posted is from a paid account.

Let me share one of my favorite quotes that one of my high school teachers shared with us. "Stop thinking of excuses to fail, but think of reasons to succeed."

If you don't want to post a chart, of course no one can make you. But there are several free demo charts out there that you can post. I know of a few great traders on this forum who do...
I have studied US copyright law for a few years in depth. When doing something on the internet which may encroach copyrights of others, I wouldn't take a chance.

The charts of the free platforms offered by Forex brokers may be O.K. to share online. But, the charts generated by the paid professional platforms are under certain restrictions. I am not going to get myself into a copyright lawsuit under any circumstances.
daddybearforex. com
  • #8,625
  • Sep 1, 2012 10:32am Sep 1, 2012 10:32am
Quoting DaddyBear
O.K. Thanks for your good motive. But, I am on a big carrier not a small boat. No sinking is in sight.
Bigger than the Titanic..?

  • #8,626
  • Sep 1, 2012 10:42am Sep 1, 2012 10:42am
Quoting Pair-me-up
The charts on the free account are the same as the paid account. So, if you are worried, then print out your analysis from the demo chart. By the way the chart I posted is from a paid account.

Let me share one of my favorite quotes that one of my high school teachers shared with us. "Stop thinking of excuses to fail, but think of reasons to succeed."

If you don't want to post a chart, of course no one can make you. But there are several free demo charts out there that you can post. I know of a few great traders on this forum who...
I agree with daddy, a chart is not important at all, you see all over the place, give a bunch of traders a chart, and anybody see different things.
Somebody see a retrace, somebody see a reverse, somebody see a good reason to buy and somebody see a good reason to sell.
Daddy is just sharing his own view, and forget to see some kind of "real" analysis on internet, for personal experience i tell you that those who know are never willing to share their knowledge.
Why?
Because there is no reason to do it, who teach do it because can't trade (make money), and who trade don't really care about teaching
The only one who can teach you something new is yourself!
  • #8,627
  • Sep 1, 2012 10:52am Sep 1, 2012 10:52am
Quoting foxybunny
There is some screen resolution issues where my original PNG files are converted to JPG files by ForexFactory and it lose its sharpness during this automatic conversion, so have to shrink my screen resolution.
Ah, I can see better now, guess I don't really need those glasses

Quote
Also realised why you might prefer Excel than the Fib tool as each time I put the Fib tool my final estimates always a bit different.
Guess putting the prices into Excel file will give consistent figures each time, especially dealing with different timeframes.

Yes my friend, I use excel because I need to save those numbers in order to correlate one TF's targets with another

Quote
Below is a re-post with the sharper but smaller PNG charts instead.

===

Doblece & irfandbl, my Fib-Stoch charts attached for A/U H1 for mid-July uptrend.
These charts explain how I am moving the Fib at 100% with the longer Stoch, of course still many tweaking.
You will see how (c) can capture TP3 like Bingo, but in hindsight for now.

What are your feedback ??


(a) TP1 => Stoch break 50.
(b) TP2 => Stoch Pop.
(c) TP3 => Stoch retrace to 50 and resume again.


Attachment

Attachment

Attachment ...

Do you mind if I ask you what do you mean by TP1 stoch break 50 and TP2 stoch pop?

As for this chart, in my opinion, we should use the previous candle instead of the one that you picked for the level 0 FIB, because what we need to find is the candlestick that is vertically aligned with stochastic line that has the lowest value

Attached Image (click to enlarge)
Click to Enlarge Name: 2012-07-25_UpTrend_AU_H1_a.png Size: 58 KB


this is the way I usually do it, assuming that we're in an uptrend

Attached Image (click to enlarge)
Click to Enlarge Name: stochcandlefib.gif Size: 31 KB
  • #8,628
  • Sep 1, 2012 11:00am Sep 1, 2012 11:00am
what is it with "show me your charts" that has been going on recently? does one really need to show charts?

I smell old guards
  • #8,629
  • Sep 1, 2012 11:28am Sep 1, 2012 11:28am
Quoting irfandbl
what is it with "show me your charts" that has been going on recently? does one really need to show charts?

I smell old guards
Charts?? Who needs charts when I got...Vision
Attached Image
  • #8,630
  • Sep 1, 2012 12:28pm Sep 1, 2012 12:28pm
Quoting pqt
Bigger than the Titanic..?

Again, you screwed up yourself. Titanic is a ship built more 100 years ago. I am riding on USS DaddyBear, a nuclear powered super aircraft carrier built yesterday, 8/31/2012.

As the captain, I do see a pirate's tiny speed boat, pqt, trying to harass USS DB. It is like an annoying mosquito at best to my mighty carrier.
daddybearforex. com
  • #8,631
  • Sep 1, 2012 12:47pm Sep 1, 2012 12:47pm
Quoting DaddyBear
Again, you screwed up yourself. Titanic is a ship built more 100 years ago. I am riding on USS DaddyBear, a nuclear powered super aircraft carrier built yesterday, 8/31/2012.

As the captain, I do see a pirate's tiny speed boat, pqt, trying to harass USS DB. It is like an annoying mosquito at best to my mighty carrier.

Nuclear power's a mighty dangerous thing... I like to go with the simple fishing boat.
Play the players, not the cards.
  • #8,632
  • Sep 1, 2012 12:54pm Sep 1, 2012 12:54pm
Quoting pqt
Charts?? Who needs charts when I got...Vision
A vision is based on the charts. A vision needs sharp eyes. A vision needs a great mind. A vision needs decent common sense. A vision needs humanity. A vision needs courage.

Most importantly, a vision is not for the purpose of seeing some people who are not deserved to be seen.
daddybearforex. com
  • #8,633
  • Sep 1, 2012 12:55pm Sep 1, 2012 12:55pm
Quoting GnarlyPips
Nuclear power's a mighty dangerous thing... I like to go with the simple fishing boat.
You are not allowed boarding USS DB anyway.
daddybearforex. com
  • #8,634
  • Sep 1, 2012 2:44pm Sep 1, 2012 2:44pm
Quoting DaddyBear
Again, you screwed up yourself. Titanic is a ship built more 100 years ago. I am riding on USS DaddyBear, a nuclear powered super aircraft carrier built yesterday, 8/31/2012.

As the captain, I do see a pirate's tiny speed boat, pqt, trying to harass USS DB. It is like an annoying mosquito at best to my mighty carrier.
Looking closely with my Vision, I see your "mighty carrier" is built with parts "made in China".
I wouldn't want to be on it when a Tsunami hit!
  • #8,635
  • Sep 1, 2012 5:51pm Sep 1, 2012 5:51pm

I'm really impressed with my accounts performance in the past week....hopefully I can duplicate it again for this week or I will have to continue using candles!
  • #8,636
  • Sep 1, 2012 5:51pm Sep 1, 2012 5:51pm
Quoting irfandbl
Ah, I can see better now, guess I don't really need those glasses



Yes my friend, I use excel because I need to save those numbers in order to correlate one TF's targets with another



Do you mind if I ask you what do you mean by TP1 stoch break 50 and TP2 stoch pop?

As for this chart, in my opinion, we should use the previous candle instead of the one that you picked for the level 0 FIB, because what we need to find is the candlestick that is vertically aligned with stochastic line that has the lowest value

Attachment

this...
TP1 means Target Profit 1, where I use crossing of Stoch 50.

TP2 means Target Profit 2, where I use Stoch Pop, pass the extension area and remains there for a period of time.

TP3 means Target Profit 3, where I use Stoch retrace back to 50 and resume the original direction, in the original chart, it is resume upwards.

I am still working out a simple process to use the Fib-Stoch, I have not learn your full process yet.

Still need to understand about your Peak, Valley, and what happen when it cross 50 many times.
I am ignoring many price bars that re-cross 50, if those price bar was not much different from when I did the original Fib.

Also I am using ONLY the longer Stoch of 14, whereas you are using both Stoch of 14 and 5.

From you charts, basically you Fib many times especially when it cross over 50.
Whereas I am Fibbin only 3 times in this case to get an estimate each time.

So far, I have kept Fib 0% at the similar price bar, but I noted that I will need to move Fib 0% eventually as price move upwards, and this I need to figure out where is it appropriate to move Fib 0% to a higher starting point for this uptrend.

And the other part I need to work out is knowing where to reverse the Fib direction from uptrend to downtrend.

From my quick research, you will need to keep Fib 0% at the Original Starting point, AND also move it upwards, you will see a confluence of 2 numbers.

I have not keep moving Fib upwards as don't have an appropriate process to move it up as yet, perhaps like you said once Stoch reach the Valley, the Valley is the new Fib 0%.

Is this the correct understanding of how you move the Fib, during the Valley, in the uptrend ??

And using the Fib tool, means my points don't line up exactly, still a crude but quick process until I figure it out with Excel file.

Hope the above explains.
  • #8,637
  • Sep 1, 2012 6:00pm Sep 1, 2012 6:00pm
Quoting foxybunny

What are your feedback ??
(a) Stoch break 50.
(b) Stoch Pop.
(c) Stoch retrace to 50 and resume again.
Looks indeed pretty good on a trend.
Maybe more difficult to see on a range, will test that version.
(fibs are a little bit difficult to see in yellow, maybe it's the monitor, or my poor eyesight ... )

Thanks for evolving the idea!
  • #8,638
  • Sep 1, 2012 6:10pm Sep 1, 2012 6:10pm
.
Attached Image
  • #8,639
  • Sep 1, 2012 6:42pm Sep 1, 2012 6:42pm
Quoting Daytrader74

I'm really impressed with my accounts performance in the past week....hopefully I can duplicate it again for this week or I will have to continue using candles!

That's good for your confidence, but rather than trying to duplicate, follow the same strict discipline, if any
  • #8,640
  • Sep 1, 2012 6:46pm Sep 1, 2012 6:46pm
Quoting doblece
Looks indeed pretty good on a trend.
Maybe more difficult to see on a range, will test that version.
(fibs are a little bit difficult to see in yellow, maybe it's the monitor, or my poor eyesight ... )

Thanks for evolving the idea!
Doblece, please refer to my latest 2 posts reference below with clearer PNG charts and further explanation.

For Range, IF we know it is going to be in Range, is better to go to the smaller timeframes like M15, M30 will hit the Fib 100% as well.

http://www.forexfactory.com/showthread.php?p=5977110#post5977110

http://www.forexfactory.com/showthread.php?p=5977400#post5977400
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