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  • #4,941
  • Jan 23, 2013 2:40pm Jan 23, 2013 2:40pm
Quoting hxtrader
Man the price action on this has been looking quite ugly for the past couple of weeks, my really good looking cz came to nothing yesterday. looking at only 50% wins since the 10th. But on the bright side, the last time it had a two week spell like this the following 20 trades were 19 wins and 1 loss.
HXT, set your GU charts to H1 and zoom out. You will quickly notice that it's stalled right dead in the middle of a 20 month range, with 5000p up or down to the recent swings, making for a total Hi-Lo range of around 10,000p. So what we're seeing this week is the struggle between a couple of key banks to determine which direction this mid-range stall will break towards, and which swing level will become the target for the foreseeable future.

And yes, I too expect to see quite a few normal CZ's once that direction is finally established.
To improve is to change. To perfect, is to change often.
  • #4,942
  • Jan 23, 2013 4:21pm Jan 23, 2013 4:21pm
Quoting forexhard
HXT, set your GU charts to H1 and zoom out. You will quickly notice that it's stalled right dead in the middle of a 20 month range, with 5000p up or down to the recent swings, making for a total Hi-Lo range of around 10,000p. So what we're seeing this week is the struggle between a couple of key banks to determine which direction this mid-range stall will break towards, and which swing level will become the target for the foreseeable future.

And yes, I too expect to see quite a few normal CZ's once that direction is finally established....
I should have mentioned the chart was EURUSD but the two charts for the same perios are almost identical over the past two weeks anyway. But yes I can see it on both charts (obviously as there is so much correllation between these two pairs). I'm very tempted to leave these two alone until a cz forms a comfortable distance outside of those that have formed in the past two weeks, but then thats not trading the system.
  • #4,943
  • Jan 23, 2013 4:33pm Jan 23, 2013 4:33pm
Quoting hxtrader
I should have mentioned the chart was EURUSD but the two charts for the same perios are almost identical over the past two weeks anyway. But yes I can see it on both charts (obviously as there is so much correllation between these two pairs). I'm very tempted to leave these two alone until a cz forms a comfortable distance outside of those that have formed in the past two weeks, but then thats not trading the system.
My settings are tighter than most people (based on what I've seen being posted this month)... partly because a lot of folks don't like to have 1 or less CZ's per week... That said, I've still had 5 GU CZ since the beginning of the month, much less than the usual 2-3 CZ that people get on a weekly basis, all of which hit TP no later than the 2nd trade. If you aren't comfortable with the current market conditions and erratic movements, it might be interesting for you to consider "better/tighter" CZ by getting more bars in the zone?
  • #4,944
  • Jan 23, 2013 4:34pm Jan 23, 2013 4:34pm
Quoting forexhard
Oh how I wish I had a banning bat this morning...

Have no fear, the umpire sees all...
Good to know that Big Brother is watching !
  • #4,945
  • Jan 23, 2013 4:38pm Jan 23, 2013 4:38pm
Quoting hxtrader
...but then thats not trading the system.
Common sense is always a part of any good system. If you've got it, then by all means use it. Following your suggestion, the worst that can happen is that you miss an entry for an initial violent breakout from the range following a CZ, should one occur. It's a double-edged sword, as always: if you're not in you can't lose any pips. But you can't win any, either.
To improve is to change. To perfect, is to change often.
  • #4,946
  • Jan 23, 2013 7:31pm Jan 23, 2013 7:31pm
Same ranging box presented on various scales. Perspective...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: m30.gif Size: 121 KB
Click to Enlarge Name: h1.gif Size: 122 KB
Click to Enlarge Name: h4.gif Size: 120 KB
Click to Enlarge Name: d1.gif Size: 127 KB
To improve is to change. To perfect, is to change often.
  • #4,947
  • Jan 24, 2013 8:08am Jan 24, 2013 8:08am
Some setups I am watching using the 60 minute timeframes.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd.yen.gif Size: 45 KB
Click to Enlarge Name: eur.usd.gif Size: 55 KB
Click to Enlarge Name: gbp.usd.gif Size: 53 KB
  • #4,948
  • Jan 24, 2013 9:51am Jan 24, 2013 9:51am
...first post, let me just say that this is a looooong thread to read through and get caught up on! i've been working on it for a couple of weeks now, and earlier yesterday i received my first breakthrough payout on the e/u. the system is great, i just need to overcome the psychological part, lol.

as someone who has spent a considerable amount of time trying and failing at forex, i very much appreciate the work and effort FH has put into this thread. it truly is unlike 99% of every other thread on every other forex forum out there.

the system doesnt change, the author doesnt move on to something better... to be honest, i feel so grateful and lucky to have stumbled onto this thread.

thank you!
  • #4,949
  • Jan 24, 2013 1:15pm Jan 24, 2013 1:15pm
Welcome w42!

Good to have ya join us! Congrats on your 1st positive trade. You will find your confidence will build rapidly using what is taught here.

doji
  • #4,950
  • Jan 24, 2013 3:00pm Jan 24, 2013 3:00pm
this jpy usd breakout is beautiful.....
Attached Image (click to enlarge)
Click to Enlarge Name: assdf.gif Size: 18 KB
  • #4,951
  • Edited 4:07pm Jan 24, 2013 3:02pm | Edited 4:07pm
Quoting fexitrade
this jpy usd breakout is beautiful.....

i rode that wave too... very nice!
  • #4,952
  • Jan 24, 2013 3:12pm Jan 24, 2013 3:12pm
Hoping someone can help:

I downloaded and installed the custom SSBO indicator with push notifications as i was told this one would actually warn you anytime a new CZ is formed (not just when a buy or sell is executed). However, to date, it hasn't warned me of anything.

Are there any additional steps necessary to get the custom indi functioning?

I would really like a warning when a new CZ is formed. Thanks for the help guys (a bit off topic i know).
  • #4,953
  • Jan 24, 2013 3:54pm Jan 24, 2013 3:54pm
Quoting irampagemc
Hoping someone can help:

I downloaded and installed the custom SSBO indicator with push notifications as i was told this one would actually warn you anytime a new CZ is formed (not just when a buy or sell is executed). However, to date, it hasn't warned me of anything.

Are there any additional steps necessary to get the custom indi functioning?

I would really like a warning when a new CZ is formed. Thanks for the help guys (a bit off topic i know).
Irampagemc,

As far as I know that fix or add on has not been done yet. There are several newer versions in testing still, but the current one only notifies when the trade is placed...

doji
  • #4,954
  • Jan 24, 2013 4:55pm Jan 24, 2013 4:55pm
Quoting dojirock
Irampagemc,

As far as I know that fix or add on has not been done yet. There are several newer versions in testing still, but the current one only notifies when the trade is placed...

doji


Thanks!
  • #4,955
  • Jan 24, 2013 6:21pm Jan 24, 2013 6:21pm
Hi all

I can see that there is a huge demand for modified SSBO indi that would alert user when the new box is formed. I have asked XuX99 a while back for that and he modified it for me. So here it is. Just word of advise: dont set your days back for more than 20 because, it will try to send all the notifications for newly formed boxes, and you will get constant alert of new box formed for example 80 days ago. Anyway, good luck and I'm sure you will like it.
Attached File(s)
File Type: mq4 AuthorizedSSBODynamicBreakoutBoxFinalEdition v2.2(new box alert).mq4   41 KB | 989 downloads
  • #4,956
  • Jan 24, 2013 7:38pm Jan 24, 2013 7:38pm
Quoting rew2k7
Hi all

I can see that there is a huge demand for modified SSBO indi that would alert user when the new box is formed. I have asked XuX99 a while back for that and he modified it for me. So here it is. Just word of advise: dont set your days back for more than 20 because, it will try to send all the notifications for newly formed boxes, and you will get constant alert of new box formed for example 80 days ago. Anyway, good luck and I'm sure you will like it.
i love you.

i love you too fxh
  • #4,957
  • Jan 25, 2013 7:38am Jan 25, 2013 7:38am
GU is testing my patience this morning.


I'm so stressed about it being at the third trade that I'm fully concentrated at work getting my files in order, yawning once in a while.
Attached Image (click to enlarge)
Click to Enlarge Name: GU15.png Size: 20 KB
  • #4,958
  • Jan 25, 2013 7:57am Jan 25, 2013 7:57am
Theres a cz on the cable I dıdnt play ıt anyway because of whats beıng dıscussed here but ı would have otherwıse at the fırst spıke...

Fxh explanatıon ıs reasonable just by glancıng at the daıly chart... does thıs happen much though? and does thıs ımply that ın certaın perıods ıts best to take a

break even ıf reasonable czs are poppıng up? ıs ıt the case that a trendıng market just provıdes superıor staırsteps ıf you wıll? Id lıke to hear the opınıons of some

people who have been usıng thıs system for awhıle
Attached Image (click to enlarge)
Click to Enlarge Name: assdf.gif Size: 20 KB
  • #4,959
  • Jan 25, 2013 8:14am Jan 25, 2013 8:14am
Quoting fexitrade
Fxh explanatıon ıs reasonable just by glancıng at the daıly chart... does thıs happen much though? and does thıs ımply that ın certaın perıods ıts best to take a

break even ıf reasonable czs are poppıng up?
Funny how pictures say a thousand words, but how these thousand words can be interpreted differently by everyone... I saw the exact opposite of what you saw.

To me, the pictures posted by FXH (Poste 4946) show us how we can get caught up by tunnel vision. How the GU15 is acting erratically based solely on the 15TF. But then, when you start looking further away (removing the tunnel vision), you start seeing that it has been oscillating around a certain point since October (and if you do your research, you'll notice that it has been oscillating around that area since forever (forever being 2010 based on my chart history). What that reminded me, even if I didn't consciously need it, was that I must seek the very best CZ, and not ask myself "questions" about how the market is acting up.

All in all, I'm in the latest 20.8 x 55 bars CZ that appeared yesterday. It's currently at the third trade (see post 4957); is it possible that it'll go to the 4th trade, hell yes. Is it possible that I get hit by SL on the 4th trade, hell yes. Do I trust the system, and will I still trust the system if I get wiped on the 4th trade, hell yes.

Remember, it's so simple it's hard!
  • #4,960
  • Jan 25, 2013 8:55am Jan 25, 2013 8:55am
Quoting Jayf19
GU is testing my patience this morning.


I'm so stressed about it being at the third trade that I'm fully concentrated at work getting my files in order, yawning once in a while.
Jayf19, stay concentrated on the first trade only. Don't trade the other ones. Don't try the Martingale.

Do i think three rebounce trades are equivalent to three independant trades ? My answer is NO. I always see rebounce worse than direct independant trades. Check it for your parameters before continuing that way. So it takes more time to have the same number of trades.

Take your time : this is a TURTLE race.

Hope you will make more pips with that.
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