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Daily Combofest

  • #1
  • First Post: Sep 18, 2012 2:12pm Sep 18, 2012 2:12pm
New System

Daily timeframe only

Looking for a coloured candle to be outside the bands, this not only give a good area to buy or sell regarding using volume but also its at price extremes.

Image attached is of EURUSD currently in brought friday price target will move as band moves everyday due to price action.

Any questions please ask, I will explain more as we go along peeps !!
Attached Image (click to enlarge)
Click to Enlarge Name: 18-09-2012 20-10-31.jpg Size: 269 KB
  • #2
  • Sep 30, 2012 9:12am Sep 30, 2012 9:12am
Since my last post the price has moved in the direction i thought it would.

1.2456 is the ne price target as the band as moved up over time but will still give good returns on investment.

Im still holding this trade into the coming week.
Attached Image (click to enlarge)
Click to Enlarge Name: 30-09-2012 15-08-24.jpg Size: 269 KB
  • #3
  • Sep 30, 2012 12:34pm Sep 30, 2012 12:34pm
Quoting andyvxr
New System

Daily timeframe only

Looking for a coloured candle to be outside the bands, this not only give a good area to buy or sell regarding using volume but also its at price extremes.

Image attached is of EURUSD currently in brought friday price target will move as band moves everyday due to price action.

Any questions please ask, I will explain more as we go along peeps !!
Hi Andyvxr; Nice trade, elegant chart lay-out. I have a several questions on your method;
1) Are you using MT4? If so, what time does your broker start/end the trading day? 5:00 PM EST (New York), or 00:00 GMT etc.
2) Are the solid Red & dashed Green horizontal S/R line drawn in by hand, or are they part of the chart template?
3)Would you care to share the chart template, or are the indicators/settings proprietary?

Thanks for posting a very interesting Method, an I would like to learn more. Thanks - Lou
  • #4
  • Sep 30, 2012 1:48pm Sep 30, 2012 1:48pm
On your chart, it says you "brought here", which I'm sure is a typo, but really, didn't you short?
Play the players, not the cards.
  • #5
  • Sep 30, 2012 2:39pm Sep 30, 2012 2:39pm
Thanks for the kind comments.

This is something i have been working on for a while, its a combination of the sonic r system regarding the volume aspect and the extreme tma system, regarding the aspect of price extremes and swings.

In answer to your questions.

MT4 is used, broker opens around 10pm sunday night GMT and goes 24/7 till friday 10pm.

The green and red lines are by hand for my benefit, not part of the template.

I will submit the template and indicators tomorrow.

Cheers


Quoting Percival
Hi Andyvxr; Nice trade, elegant chart lay-out. I have a several questions on your method;
1) Are you using MT4? If so, what time does your broker start/end the trading day? 5:00 PM EST (New York), or 00:00 GMT etc.
2) Are the solid Red & dashed Green horizontal S/R line drawn in by hand, or are they part of the chart template?
3)Would you care to share the chart template, or are the indicators/settings proprietary?

Thanks for posting a very interesting Method, an I would like to learn more. Thanks - Lou
  • #6
  • Sep 30, 2012 2:40pm Sep 30, 2012 2:40pm
Yes I brought in to go short.


Quoting GnarlyPips
On your chart, it says you "brought here", which I'm sure is a typo, but really, didn't you short?
  • #7
  • Oct 2, 2012 5:43am Oct 2, 2012 5:43am
Heres the indicators posted over two posts as cant fit all on one
Attached File(s)
File Type: ex4 3_MA_Cross_w_Alert_v2.ex4   6 KB | 274 downloads
File Type: tpl 100%.tpl   83 KB | 272 downloads
File Type: mq4 ay-SwingClose.mq4   3 KB | 276 downloads
File Type: mq4 ay-SwingVolume.mq4   4 KB | 283 downloads
File Type: ex4 ExtremeTMALine.ex4   9 KB | 329 downloads
File Type: mq4 SonicR Line Dragon-Trend (White).mq4   17 KB | 266 downloads
File Type: mq4 SonicR Solid Dragon-Trend (White).mq4   20 KB | 276 downloads
  • #8
  • Oct 2, 2012 5:45am Oct 2, 2012 5:45am
The trading template jpeg is how you should set up your chart on MT4
Attached Image (click to enlarge)
Click to Enlarge Name: TRADING TEMPLATE.jpg Size: 311 KB
Attached File(s)
File Type: mq4 SonicR VSA Candlesticks (White).mq4   13 KB | 274 downloads
File Type: mq4 SonicR VSA Histogram (White).mq4   15 KB | 295 downloads
File Type: tpl tah 05-01-2012 white-1.tpl   72 KB | 274 downloads
File Type: tpl tah 05-01-2012 white-2.tpl   72 KB | 252 downloads
File Type: tpl tah 05-01-2012 white-3.tpl   37 KB | 289 downloads
  • #9
  • Oct 6, 2012 10:59am Oct 6, 2012 10:59am
Hi Andy, could you explain how to read swing volume?
What are your suggestions for the next week for EU? I see the price could touch 1.31xx then drop... do you agree?
  • #10
  • Oct 9, 2012 5:07am Oct 9, 2012 5:07am
Hiya,

Sorry for delay in responsing.

The swing volume indicates the strength of the up and down swings in the price action when trending.

You should be looking out for the strength to weaken to see a move occur in the opposite direction.

I dont see the price hitting 1.31, my thinking is short and aiming for 1.2640 area.

Cheers


Quoting Scipio
Hi Andy, could you explain how to read swing volume?
What are your suggestions for the next week for EU? I see the price could touch 1.31xx then drop... do you agree?
  • #11
  • Jan 13, 2013 4:23am Jan 13, 2013 4:23am
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Attached Image (click to enlarge)
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  • #12
  • Jan 13, 2013 4:26am Jan 13, 2013 4:26am
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Attached Image (click to enlarge)
Click to Enlarge Name: 13-01-2013 10-24-34.jpg Size: 245 KB
  • #13
  • Jan 13, 2013 4:31am Jan 13, 2013 4:31am
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Attached Image (click to enlarge)
Click to Enlarge Name: silver.jpg Size: 291 KB
  • #14
  • Last Post: Jan 13, 2013 4:32am Jan 13, 2013 4:32am
Sorry for the late rushed charts peeps, in a rush this morning, I will explain in more detail my thoughts and actions during the next weeks trading.
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