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  • #3,501
  • Sep 16, 2012 3:05pm Sep 16, 2012 3:05pm
Quoting Exodus
Here's a setup from Wednesday last. I have noticed a few times that a breakout which returns to bounce off the top of the CZ gives a good indication that the trade will go at least 30 pips.
Probably just a reaction to a news release without looking deeper. These usually return to where they started.

I assume you trading spot - there is no volume its just what your broker wants you to see and the indicator is meaningless. If you want volumes/orders flows look into futures.
  • #3,502
  • Sep 17, 2012 2:32am Sep 17, 2012 2:32am
Hello all,

i've been reading the entirely thread and want to show my respect and my gratitude for sharing this system. It's nice, it's simple and it's working. I trade from Jforex platform, wondering if someone did a version of indi for this kind of platform, would be very usefull not to switch all the time on laptop from mt4 to jforex.

thank you
fokyou forexfactory
  • #3,503
  • Sep 17, 2012 6:51am Sep 17, 2012 6:51am
Quoting dryclean
Not on dermo but why would they do that

It only shows when I open the edit indi window, never saw it when I was not touching the keyboard

Next week I will sacrifice a .01 lot and see what happens

Well I tried it with a 7 pip SL and Tp and nothing happend.
I think it is something in the code that effects the ram video and make a ghost spike to the top or bottom of the CZ
  • #3,504
  • Sep 17, 2012 8:19am Sep 17, 2012 8:19am
Quoting C345
Looks like a new box going to form on G/U.

Expecting to go long again on a breakout at Frankfurt/London open. Despite some late selling on Friday still closed above 6200.

Shorts still too risky for me at the moment although a pull back is due.

Holiday in Japan and no significant UK data out so expecting it be quiet. Time will tell!
Finally got a break stop now at break even let's see.
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  • #3,505
  • Sep 17, 2012 10:16am Sep 17, 2012 10:16am
Grabbed a quick 25p off this one. Got in a little later than I have been, waiting for a 3-bar close.

That giant zig-zagged zone just before the CZ has me wondering if there won't be a strong retrace coming up soon for this breakout. If it does come back into the CZ and settle for a little while, I'll likely take another trade from a subsequent break.

And if it doesn't, I just got 25 of the easiest pips of the year, so it's a win-win either way.
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To improve is to change. To perfect, is to change often.
  • #3,506
  • Edited 11:31am Sep 17, 2012 11:18am | Edited 11:31am
Quoting forexhard
Grabbed a quick 25p off this one. Got in a little later than I have been, waiting for a 3-bar close.

That giant zig-zagged zone just before the CZ has me wondering if there won't be a strong retrace coming up soon for this breakout. If it does come back into the CZ and settle for a little while, I'll likely take another trade from a subsequent break.

And if it doesn't, I just got 25 of the easiest pips of the year, so it's a win-win either way.
Took + 18 out with very little risk. If it holds above the 50 mark will keep going up. 6300 is obvious next mark being years high - has to be a pull back sometime soon.
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  • #3,507
  • Sep 17, 2012 11:42am Sep 17, 2012 11:42am
Quoting forexhard
Grabbed a quick 25p off this one. Got in a little later than I have been, waiting for a 3-bar close.

That giant zig-zagged zone just before the CZ has me wondering if there won't be a strong retrace coming up soon for this breakout. If it does come back into the CZ and settle for a little while, I'll likely take another trade from a subsequent break.

And if it doesn't, I just got 25 of the easiest pips of the year, so it's a win-win either way.
I've tweaked my settings at the weekend after last week, and for general maintenance, to keep my settings nice and tight. Its interesting that I actually changed from 1 close to 2 closes on GU so it proves that taking the time out now and again to constantly review settings will give you the best chance at healthy returns.

Yet more pips in the bag!
  • #3,508
  • Edited 12:24pm Sep 17, 2012 12:21pm | Edited 12:24pm
I've been playing a lot with the settings on the indicator and I've noticed that I can't transfer the templates from one computer to another. Has anyone else experienced this?

I'm not sure between the following 2 scenarios so I'll have to check some more once I get home tonight :

a) Templates keep the same values of the indicator but draws different boxes and different results
b) Templates doesn't keep same values and so draws different boxes and consequently different results

I'm guessing the latter being most probable...
  • #3,509
  • Sep 17, 2012 2:39pm Sep 17, 2012 2:39pm
Did some demo trading, Could have squeezed more, but I am testing some custom settings.
Now regretting why I haven't put a actual order.

My actual terminal is not MT4 and I hate it as my broker doesn't even allows drawing tools.

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  • #3,510
  • Sep 17, 2012 9:47pm Sep 17, 2012 9:47pm
just hit QP from BO this morning +40 and moved SL to BE
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  • #3,511
  • Sep 18, 2012 12:00am Sep 18, 2012 12:00am
For all the noobs out there...... How much is enough.....$100, $1000, $5000 to open an account?

How about pips, 20 a day? 40 per day?

Did you know with $100 opening balance, and a plan could be a $1,000,000 in less than 3 years?

Here is a spread sheet that a friend gave me to help keep the focus. Trading is about a plan, consistancy and patience.

dojirock
Attached File(s)
File Type: xlsx Freedom Chart.xlsx   29 KB | 628 downloads
  • #3,512
  • Sep 18, 2012 12:06am Sep 18, 2012 12:06am
FH,

Went live today! Working like a charm.
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  • #3,513
  • Sep 18, 2012 2:02am Sep 18, 2012 2:02am
Yesterdays USDJPY

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  • #3,514
  • Sep 18, 2012 9:58am Sep 18, 2012 9:58am
It is raining pips here on EU 5min
Playing the bounce in the CZ +68 pips today
Done for now
  • #3,515
  • Sep 18, 2012 10:55am Sep 18, 2012 10:55am
Quoting dryclean
It is raining pips here on EU 5min
Playing the bounce in the CZ +68 pips today
Done for now
Well done....interesting that your using the 5 min....shows just how flexible the system is. As for me....the USD/CAD is the only "active market " at the moment in terms of trades and even that is slow.

Then again, exciting non profitable trading doesn't garner pips!
  • #3,516
  • Sep 18, 2012 11:19am Sep 18, 2012 11:19am
Quoting A.w.o.l
Well done....interesting that your using the 5 min....shows just how flexible the system is. As for me....the USD/CAD is the only "active market " at the moment in terms of trades and even that is slow.

Then again, exciting non profitable trading doesn't garner pips!
I am just more comfortible with EU 5min

Look at 5min EU the PA is just "see sawing" I love it
  • #3,517
  • Sep 18, 2012 1:36pm Sep 18, 2012 1:36pm
just got the text message...long on U/J
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  • #3,518
  • Sep 18, 2012 4:16pm Sep 18, 2012 4:16pm
Quoting Jayf19
I've been playing a lot with the settings on the indicator and I've noticed that I can't transfer the templates from one computer to another. Has anyone else experienced this?

I'm not sure between the following 2 scenarios so I'll have to check some more once I get home tonight :

a) Templates keep the same values of the indicator but draws different boxes and different results
b) Templates doesn't keep same values and so draws different boxes and consequently different results

I'm guessing the latter being most probable...
Answer is b) so I had to recopy the template by hand. No biggie

On another note, I noticed that FH mentions the importance of keep a trading journal of all trades made. Does anyone have any suggestions as to how they keep theirs; what info do they seek to put in?
  • #3,519
  • Sep 18, 2012 4:21pm Sep 18, 2012 4:21pm
Quoting Jayf19
Answer is b) so I had to recopy the template by hand. No biggie

On another note, I noticed that FH mentions the importance of keep a trading journal of all trades made. Does anyone have any suggestions as to how they keep theirs; what info do they seek to put in?
Hi JF,

I just made an excel sheet with a sheet for each pair. I then put the settings at the top. Price in, Price out, Win or loss, Sl, and lot size and date. I do the same with my momentum trading that I do.

dojirock
  • #3,520
  • Sep 18, 2012 4:58pm Sep 18, 2012 4:58pm
Quoting Jayf19
Answer is b) so I had to recopy the template by hand. No biggie

On another note, I noticed that FH mentions the importance of keep a trading journal of all trades made. Does anyone have any suggestions as to how they keep theirs; what info do they seek to put in?
Im a visual trader it seems, so i mark my trades on a hand drawn chart along with the boxes, jot in a few notes mainly if there is another reason than SSBO for the trade, news involved and maybe emotional state of the trader aka me. Take screen shots for backup of every trade after its completed and drawn on the chart and of a weekly and monthly zoom out, along with a saved "detailed report" of my account history gives me the numbers and visual reference of what happened and why.


On mowing the templates, if i remember right saving a profile and transferring that along with the templates helps, especially if it is the same version of windows, from XP to Win7 it gets trickier i read.
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