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  • #9,301
  • Sep 9, 2012 5:50pm Sep 9, 2012 5:50pm
Quoting Luis Carlos
everyone, this works in long term trading...
that's why the handle "g_no_moneey"
Wooooohooooo or Boooooohooooo
  • #9,302
  • Sep 9, 2012 5:54pm Sep 9, 2012 5:54pm
Quoting gnomoneey
that's why the handle "g_no_moneey"
Carlos,

check out the way irfandbl does his fib and potential move up/down....
it's basically the creation of the full fib then the typical retracement...
this might work better for your EW
also Doblece's excel fib tool.

always looking to add to my arsenal of tools that say same thing and to give me EQ confidence to enter/exit

thank,
G
Wooooohooooo or Boooooohooooo
  • #9,303
  • Sep 9, 2012 6:07pm Sep 9, 2012 6:07pm
Quoting gnomoneey
Carlos,

check out the way irfandbl does his fib and potential move up/down....
it's basically the creation of the full fib then the typical retracement...
this might work better for your EW
also Doblece's excel fib tool.

always looking to add to my arsenal of tools that say same thing and to give me EQ confidence to enter/exit

thank,
G
haha. I will check it
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #9,304
  • Sep 9, 2012 6:11pm Sep 9, 2012 6:11pm
Quoting doblece
A question to confirm: you said you took the 2nd candle's value after the stoch's value is effectively above 50 on close?

On my platform, 5,3,3 has barely the first one.
Thanks!

(The 20,3,3 still shows bearish extensions to:
1.0148 ---> 100%
1.0031
0.9983
0.9881)
I could be wrong and I may have misunderstood your question, but I thought the second candle close was only used if value of first candle close was still below 50 when hovering mouse over the 50 level
Some people say I'm lucky, but the more I practice the luckier I get
  • #9,305
  • Sep 9, 2012 6:36pm Sep 9, 2012 6:36pm
Quoting doblece
@irfandbl and others that might be interested:

I finally got the first step of the excel worksheet rounded up (mostly).
Haven't yet spent time on how I will be using the confluence with my own indicators, by now I am uploading a pre-alpha version with only the regular FIBs calculation on H/L swings for H1, H4, Daily, Weekly and Monthly timeframes, based on the input of those values, PLUS the FibStO-OL values for any stochastic flavor that you might be using.

[b]Just input the swings for the fibs, and the High or Low value, PLUS the...
Thank you very much for sharing, I may have some questions later if I cannot work it out, mainly to do with your FibStool inputs.

Cheers RT
Some people say I'm lucky, but the more I practice the luckier I get
  • #9,306
  • Sep 9, 2012 6:50pm Sep 9, 2012 6:50pm
Quoting Robot Trader
Thank you very much for sharing, I may have some questions later if I cannot work it out, mainly to do with your FibStool inputs.

Cheers RT
RT
do you know the setting for the stock on different TF
15m 30m h1 h4 daily weekly and monthly

which one uses 20, 14, 5

thanks
G
Wooooohooooo or Boooooohooooo
  • #9,307
  • Sep 9, 2012 7:01pm Sep 9, 2012 7:01pm
Quoting gnomoneey
what tf belongs to 20,14 and 5?

thanks,
G
I am personally using 20,3,3 no matter which TF.
Works better on Daily I think.

But irfandbl uses 14,3,3 ad 5,3,3 simultaneously for better accuracy.
I think he is using those two indistinctly of the TF but better ask him directly. He's the father
  • #9,308
  • Sep 9, 2012 7:13pm Sep 9, 2012 7:13pm
Quoting Robot Trader
Thank you very much for sharing, I may have some questions later if I cannot work it out, mainly to do with your FibStool inputs.

Cheers RT
I have named the stochs 20,3,3 - 14,3,3 and 5,3,3 mainly because those are which I use. However there is no stoch formula on the sheet. The FibStool columns will work with any of the three inputs at the top, so you may use whichever stochastic you want.

Row 1 of 3 outputs go to the first FS fibs column, 2/3 to 2nd, 3/3 to 3rd.
That is, C3, C5 and C7 cells to input the High or Low (prices at the high or low stoch peak) and H3, H5 and H7 cells to input the high or low price of the candle when stoch has crossed level 50 either upwards or downwards. All the rest is automatically calculated, and will show on the upper green group of fib cells if bullish, or on the lower red group if bearish.

(don't pay attention to the output values for 61.8 and 76.4 cells that still might show on the opposite side, conditional format to blank the cells is only set to <=0 so, when those values are positive they will be visible, as I can't yet define another range condition until I check which is the smallest value among all currency pairs and even then, some output values may be greater than those so... I will have to bear with it! )
  • #9,309
  • Sep 9, 2012 7:20pm Sep 9, 2012 7:20pm
I have a small short from Friday at the 1.038x level. Will wait until the Chinese Trade Data to see if I add or close the position. It bounced up very hard from the 1.016x support line.

Part of me is dreading Fed intervention, QE3 would counter the entire down trend of this pair.
  • #9,310
  • Sep 9, 2012 7:20pm Sep 9, 2012 7:20pm
Quoting doblece
I am personally using 20,3,3 no matter which TF.
Works better on Daily I think.

But irfandbl uses 14,3,3 ad 5,3,3 simultaneously for better accuracy.
I think he is using those two indistinctly of the TF but better ask him directly. He's the father
thank you mama..
Wooooohooooo or Boooooohooooo
  • #9,311
  • Sep 9, 2012 7:52pm Sep 9, 2012 7:52pm
i smell.. 50 easy pips!
  • #9,312
  • Sep 9, 2012 8:28pm Sep 9, 2012 8:28pm
Quoting Davit
I would be cautious bad data from China and it could be back to Bear country.
Also I think your fib and stoch red lines don't match.I could be wrong but market went up lot more then what you have drawn.Your beginning candle seems wrong one.
Hi Davit, what did you mean by stoch red lines and fib don't match? My beginning candle (0 level fib) is based on the low point of a candle which is aligned with the lowest value of stochastic, not the lowest candle

And yes although I'm not much aware of fundies, but I take them as precaution. Thanks
  • #9,313
  • Sep 9, 2012 8:39pm Sep 9, 2012 8:39pm
Quoting doblece
A question to confirm: you said you took the 2nd candle's value after the stoch's value is effectively above 50 on close?

On my platform, 5,3,3 has barely the first one.
Thanks!

(The 20,3,3 still shows bearish extensions to:
1.0148 ---> 100%
1.0031
0.9983
0.9881)
Yes Mama, in my platform, Friday's 5,3,3 stoch has crossed 50 (61.2850)

Attached Image


20,3,3 has yet to cross up level 30 so still show downward move, but the thing is 100% target for 20,3,3 on my platform is 1.0214, so I guess it has been achieved

Attached Image (click to enlarge)
Click to Enlarge Name: d12033.gif Size: 18 KB
  • #9,314
  • Sep 9, 2012 8:45pm Sep 9, 2012 8:45pm
gold 1740 now....
Wooooohooooo or Boooooohooooo
  • #9,315
  • Sep 9, 2012 8:47pm Sep 9, 2012 8:47pm
Quoting Robot Trader
I could be wrong and I may have misunderstood your question, but I thought the second candle close was only used if value of first candle close was still below 50 when hovering mouse over the 50 level
Hi RT, may I know what do you mean by 1st and 2nd candle? Do you mean 1st candle as in the one on 0 level fib and 2nd as the one on 50 level fib?

Quoting doblece
I am personally using 20,3,3 no matter which TF.
Works better on Daily I think.

But irfandbl uses 14,3,3 ad 5,3,3 simultaneously for better accuracy.
I think he is using those two indistinctly of the TF but better ask him directly.
I'm still trying to figure out which parameter works better, there must be one parameter that I could hang on to instead of using multiple ones
must tweak, tweak...tweak **crickets**

Quote
He's the father

  • #9,316
  • Sep 9, 2012 8:50pm Sep 9, 2012 8:50pm
Quoting irfandbl
Yes Mama, in my platform, Friday's 5,3,3 stoch has crossed 50 (61.2850)

Attachment

20,3,3 has yet to cross up level 30 so still show downward move, but the thing is 100% target for 20,3,3 on my platform is 1.0214, so I guess it has been achieved

Attachment
Hmm...

Still unsure about what peak to take.
You said the highest / farthest before the fall, I presume meanwhile the stoch doesn't fall below or rises above the 80/20 line, true? However I was taking the next higher peak after the small downwave, which then gave me 1.0148x as target 100%.

Besides the fact that we may have different pricing
  • #9,317
  • Edited 9:13pm Sep 9, 2012 9:03pm | Edited 9:13pm
Quoting irfandbl
Hi RT, may I know what do you mean by 1st and 2nd candle? Do you mean 1st candle as in the one on 0 level fib and 2nd as the one on 50 level fib?



I'm still trying to figure out which parameter works better, there must be one parameter that I could hang on to instead of using multiple ones
must tweak, tweak...tweak **crickets**



I guess he means the same I was asking before:

if candle 1 has value below 50 and next is above (or viceversa for short targets), we have to wait for the next candle (2nd above 50) or do we take the first 50 cross to get the value of the 50% fibo level? And does it have to be after the close of the day (I guess yes).

Example: my 20,3,3 is now at 55.xx - targeting 1.0577 as 100%
Do I have to wait until today's close (thus adjusting the fib on NEXT candle) or can it be done "on the go" ?
I checked H4 anyway and it gives me 1.0402ish as 100%.

What a mess, lol (j/k --- it's amazing! even with a buffer...)
I have also noticed that the candle aligned with the stoch cross is often a doji (checked about 7 pairs over the w/e).
  • #9,318
  • Edited 9:29pm Sep 9, 2012 9:05pm | Edited 9:29pm
Usually when D1 has just crossed level 50 stochastic, it will retrace based on H1 and H4

Since D1 is pointing up, I should be expecting H1 and H4 downward targets as the retrace.

H4 has not yet showed me that it has crossed down level 70,

Attached Image (click to enlarge)
Click to Enlarge Name: h4.gif Size: 13 KB


so as for now I should be looking at H1

Attached Image (click to enlarge)
Click to Enlarge Name: h1.gif Size: 14 KB


based on the downward H1 targets, I should be looking at 1.0353, 1.0347 and 1.0336 for any potential longs.
I see that we have touched 1.0357 (1.0353), so there's a probability that the retracement has been done

BUT

the trickiest part here is, all of the bigger TF are pointing to different direction

MN 5,3,3 and 14,3,3 = Up
W1 5,3,3 = Down
W1 14,3,3 = ?? seems it's about to cross down level 70
D1 5,3,3 and 14,3,3 = Up

Not too sure which one to follow in terms of longer TF prediction.

But in short term prediction my guess is

down to
1.0353 (1.0357 touched, maybe the first down was done)
1.0347
1.0336

and then up to
1.0411
1.0420
1.0435
1.0451

and down again to
1.0142
1.0041
0.9940
  • #9,319
  • Sep 9, 2012 9:12pm Sep 9, 2012 9:12pm
Quoting doblece
Hmm...

Still unsure about what peak to take.
You said the highest / farthest before the fall, I presume meanwhile the stoch doesn't fall below or rises above the 80/20 line, true? However I was taking the next higher peak after the small downwave, which then gave me 1.0148x as target 100%.

Besides the fact that we may have different pricing
I take the highest/peak based on the highest value of stochastic, did "the small downwave" you mentioned crossed bellow level 70? If it didn't than you should consider the peak before "the small downwave" to see if there is any higher peak than the one after "the small downwave".

That's the thing about different pricing, we might get different targets too
  • #9,320
  • Sep 9, 2012 9:15pm Sep 9, 2012 9:15pm
Quoting doblece
I guess he means the same I was asking before:

if candle 1 has value below 50 and next is above (or viceversa for short targets), we have to wait for the next candle (2nd above 50) or do we take the first 50 cross to get the value of the 50% fibo level?
The first 50 above Mama, not the second one. As long as the candle is aligned with the stochastic line that crosses level 50, then we use that one
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