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  • #4,301
  • Dec 17, 2012 5:07pm Dec 17, 2012 5:07pm
Long time I didn't post on FF but it is an interresting thread you have here, Forexhard !
I'm following !

I have visually tested your indi and seems you can avoid some loosers if you trade in the direction of a MA100 (see screenshot).

Honnestly I didn't read all the thread, but is there some prefered settings for major on M5, M15 ?

Cheers,
Lio
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  • #4,302
  • Dec 17, 2012 6:00pm Dec 17, 2012 6:00pm
Quoting lhDT
Long time I didn't post on FF but it is an interresting thread you have here, Forexhard !
I'm following !

I have visually tested your indi and seems you can avoid some loosers if you trade in the direction of a MA100 (see screenshot).

Honnestly I didn't read all the thread, but is there some prefered settings for major on M5, M15 ?

Cheers,
Lio
Start again mate, leave your MA's at the door, draw your own boxes, unlearn everything from your past, then make some pips, then realise that trading SSBO is so simple its hard....then come back, write a post saying you understand the error of your ways....then thank FXH for this wonderful system, then carry on making pips with and against the trend...

AGAINST THE TREND?

EH?

Yes against the trend. The trend is not your friend. SSBO CZ's are....
  • #4,303
  • Dec 17, 2012 7:41pm Dec 17, 2012 7:41pm
Quoting A.w.o.l
Start again mate, leave your MA's at the door, draw your own boxes, unlearn everything from your past, then make some pips, then realise that trading SSBO is so simple its hard....then come back, write a post saying you understand the error of your ways....then thank FXH for this wonderful system, then carry on making pips with and against the trend...

AGAINST THE TREND?

EH?

Yes against the trend. The trend is not your friend. SSBO CZ's are....
Nicely put AWOL but not so easy to comprehend at first glance. If I recall from elsewhere, lhDT is not a dumb guy but agreed he does have to unlearn a few things to "get it" in this thread. Took a while for the penny to drop for me. In fact I looked at it maybe a year earlier, thought "that's a kinda strange approach" and moved on. Later, when the indi came out I revisited and relooked, took a little while but since I had been introduced to Darvis some years earlier in stocks, this time the penny dropped and has been gaining speed ever since. I love its simplicity, which is what many don't see. The statistical certainty is almost perfect and from my point of view it does represent the Holy G. but it is often hard for people to let go of entrenched ideas like S & R and trend lines ad infinitum. It might even be easier for new traders with discipline if they are fortunate enough to start in here without pre-conceptions . . . . but I ramble on . . . .
Cheers.
  • #4,304
  • Dec 17, 2012 8:19pm Dec 17, 2012 8:19pm
I am fortunate to across this thread and have been following it for some time. Indeed, a very robust concept based on sound market structure. Have been trading with manually drawn cz. I am thankful to FXH and XXue and others for their selfless contributions. Here are the potential czs in the offing.
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  • #4,305
  • Dec 17, 2012 8:45pm Dec 17, 2012 8:45pm
Quoting AltosTrader
Nicely put AWOL but not so easy to comprehend at first glance. If I recall from elsewhere, lhDT is not a dumb guy but agreed he does have to unlearn a few things to "get it" in this thread. Took a while for the penny to drop for me. In fact I looked at it maybe a year earlier, thought "that's a kinda strange approach" and moved on. Later, when the indi came out I revisited and relooked, took a little while but since I had been introduced to Darvis some years earlier in stocks, this time the penny dropped and has been gaining speed ever since....
No disrespect was intended incidentally. I'm not trying to act as police. I'm just determined to do anything and everything in my power to keep FXH from becoming disillusioned. If I come across as overprotective (not that FXH needs anyone to fight his battles for him....the guy is a legend) then its because I see him as a mentor of sorts and his thread as a means to make a living. I'm sure everyone can relate to this.

I'm not getting on any high horse, I just want everyone to do well. Fact. Thanks again to FXH and the main-stayers here (you know who you are) for your constant and unrelenting hard work. We salute you!
  • #4,306
  • Dec 17, 2012 9:18pm Dec 17, 2012 9:18pm
Its 3am....I'm still awake...why! Lol!

Anyways, as per usual when I'm in a state of insomnia, I decided to fiddle with the indicator on the WTI market to see whether I could come up with a philosophy that fitted my way of trading which I'm pretty sure most of you will know by now. Here's what I came up with. Its been a quiet month for this market, only 3 pips gained overall so on my etx capital account I'd probably be slightly down overall ON THIS MARKET had I had this as part of my portfolio. My other markets would still have returned plenty of pips as cover.

Remember guys, this does work on any time frame. Different pairs will have better sweet-spots on higher timeframes and maybe lower.....look no further than some of the big guns on this thread hitting up the 5 mins for some pippage!

Enough of my ramblings, here some food for thought!

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Oh and one important fact that I have not reiterated for a while....

I DO NOT USE THE EA YET! Yep, look at all those pips I could have picked up! In fact no doubt going through my charts my pip tally for this month would be pretty sick! Its getting that baseline correct which is the hard part.....once you've got that sorted, those solid foundations will stand you in good stead.

Nighty night!
  • #4,307
  • Dec 17, 2012 9:28pm Dec 17, 2012 9:28pm
Quoting A.w.o.l
I'm not getting on any high horse, I just want everyone to do well. Fact. Thanks again to FXH and the main-stayers here (you know who you are) for your constant and unrelenting hard work. We salute you!
I totally agree with you. I was just kinda walking thru' the mechanism of realisation.
  • #4,308
  • Dec 17, 2012 9:49pm Dec 17, 2012 9:49pm
AWOL I have almost exactly the same zones forming on my 5 minute charts. Like you said its alot quieter this month than previous months, just checked my trade journal and if i took all the trades i would only be up 44 pips but i still like this system with oil
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  • #4,309
  • Dec 17, 2012 9:54pm Dec 17, 2012 9:54pm
Nice work awol.....

I still love my e/j...doesnt let me down...

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  • #4,310
  • Dec 17, 2012 10:31pm Dec 17, 2012 10:31pm
G/U setup....going well.
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  • #4,311
  • Dec 18, 2012 6:38am Dec 18, 2012 6:38am
Also looking at G/U...
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  • #4,312
  • Dec 18, 2012 6:44am Dec 18, 2012 6:44am
And currently in sell on EURJPY...
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  • #4,313
  • Dec 18, 2012 6:46am Dec 18, 2012 6:46am
And buy on EURUSD...
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  • #4,314
  • Dec 18, 2012 7:10am Dec 18, 2012 7:10am
was just wondering the general perception of missing your first entry but getting in on pullback inside the consolidation zone. Get in at the better price inside the zone or wait for another BO?
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  • #4,315
  • Dec 18, 2012 7:53am Dec 18, 2012 7:53am
Quoting sundwnr
was just wondering the general perception of missing your first entry but getting in on pullback inside the consolidation zone. Get in at the better price inside the zone or wait for another BO?
Reading the whole thread, back-testing your idea, and then forward-testing it will be the best answer to expect. I had that same question a while ago, I did my homework based on my trading preferences and trading style, and I recently came to a conclusion that suits me. I never asked anyone else what they thought about my conclusion, and I am sure that a lot would be against it, and a lot would be for it.
  • #4,316
  • Dec 18, 2012 8:09am Dec 18, 2012 8:09am
Thanks for the input Jayf19. I have been forward testing for the last 8 weeks and decided to start over with single entry on first breakout but with so many initial breakouts missed I have decided to trade inside the zone in the direction of my intial BO with a smaller stop loss to the bottom of the CS. I have read the thread through twice, one more time and the last hair on my head just might fall out. Great thread FXH, thanks for all the help and sharing of such a great system. The indicator is great but I do think you can get to caught up in tweaking it to get great results, the piece I struggled with is one small change, 1 pip buffer size for example could make a substantial change in winning percentage for PAST performance. I think I finally understand it is not the indicator or its infinite settings that show great past performance that is the key. It is a good consolidation zone with breakout and money management that makes this system great. Once again so easy it is hard.
  • #4,317
  • Dec 18, 2012 8:35am Dec 18, 2012 8:35am
Quoting sundwnr
Thanks for the input Jayf19. I have been forward testing for the last 8 weeks and decided to start over with single entry on first breakout but with so many initial breakouts missed I have decided to trade inside the zone in the direction of my intial BO with a smaller stop loss to the bottom of the CS. I have read the thread through twice, one more time and the last hair on my head just might fall out. Great thread FXH, thanks for all the help and sharing of such a great system. The indicator is great but I do think you can get to caught...
Looks like I missed the initial BO on GU15 while I was sleeping....
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  • #4,318
  • Dec 18, 2012 8:38am Dec 18, 2012 8:38am
Quoting Jayf19
Looks like I missed the initial BO on GU15 while I was sleeping....
You North Americans and Canadians sleep way too much lol!!
  • #4,319
  • Dec 18, 2012 8:41am Dec 18, 2012 8:41am
rtn just a suggestion, you might want to include more bars in your EJ and EU settings, look how well your GU settings are working when you include more bars with individual trade wins at 70%
  • #4,320
  • Dec 18, 2012 8:45am Dec 18, 2012 8:45am
Taking a + 10 on cable it really is going nowhere. Another winner though.
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