Extracted Thread (per thread starter's request) | Page 258 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

1 trade per pair per year 6 replies

multiple systems per pair/multiple pairs per system? 3 replies

Extracted Post (per poster's request) 0 replies

Trading 24 hours per day, 5 days per week 14 replies

Attachments: Extracted Thread (per thread starter's request)
Exit Attachments

Extracted Thread (per thread starter's request)

  • #5,141
  • Feb 5, 2013 10:48am Feb 5, 2013 10:48am
Quoting pipernet
Try the following on MT4: select Charts... Objects... Objects List and delete the lines.
Cheers.

Didn't think of that. It worked. Thanks.
  • #5,142
  • Feb 5, 2013 11:43am Feb 5, 2013 11:43am
AUDUSD getting ready to trade
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.png Size: 52 KB
  • #5,143
  • Feb 5, 2013 3:17pm Feb 5, 2013 3:17pm
I've entered long when price dropped into cz zone, which gives me less risk and more reward.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.png Size: 54 KB
  • #5,144
  • Feb 5, 2013 4:02pm Feb 5, 2013 4:02pm
Today I installed the new indy and it works fine. Thank you very much FXH and xux99 for your kindness to let us use it for free.

Maybe a stupid question but I wonder about one thing. When I tweak the indy I always look at the Net Pips value. I change the settings and when I see the highest pip value I use that settings. After all, it is pips we want, as much as possible. Isn't it? Why should we look at win ratios, consecutive wins and lossses, etc. when pips are all we need? It must be better to strive for the highest pip value than to strive for the highest win ratio. Or am I wrong?
  • #5,145
  • Feb 5, 2013 4:07pm Feb 5, 2013 4:07pm
Quoting Greger64
Today I installed the new indy and it works fine. Thank you very much FXH and xux99 for your kindness to let us use it for free.

Maybe a stupid question but I wonder about one thing. When I tweak the indy I always look at the Net Pips value. I change the settings and when I see the highest pip value I use that settings. After all, it is pips we want, as much as possible. Isn't it? Why should we look at win ratios, consecutive wins and lossses, etc. when pips are all we need? It must be better to strive for the highest pip value than to strive...
That question has been discussed a thousand times already, you should take the time to re-read the thread.
  • #5,146
  • Feb 5, 2013 6:50pm Feb 5, 2013 6:50pm
Quoting hxtrader
Hi jbosco, you seem to have your days back set to 10 days. I'm assuming this is intentional, I think such a short time would play on my mind far to much to trade that way but each to their own I suppose. When I'm tweaking settings I generally check 30, 60, 100 & 150 days back and see how the stats fluctuate.

It's a brave strategy and I'm curious to know if anyone else bases their settings on short periods.
Hi hxtrader, for now, the indicator is a tool I use to help locate the cz at a glance. I then trade manually, after getting a feel of the market from the attached stats over 10, 20, 50, 100,200 days and price charts for the past 10 and 20 days. In this case, there is no reason for me to ignore what the "10 days" revealed. Especially when the setting for the range and the number of bars approximate the market. I should say that what I am experimenting is exploratory. Central to this is the revelation of the FXH core CZ revelation.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd_stats.png Size: 563 KB
Click to Enlarge Name: eu_20days.jpg Size: 86 KB
Click to Enlarge Name: eu_10days.jpg Size: 83 KB
  • #5,147
  • Feb 5, 2013 7:02pm Feb 5, 2013 7:02pm
Quoting jbosco
Hi hxtrader, for now, the indicator is a tool I use to help locate the cz at a glance. I then trade manually, after getting a feel of the market from the attached stats over 10, 20, 50, 100,200 days and price charts for the past 10 and 20 days. In this case, there is no reason for me to ignore what the "10 days" revealed. Especially when the setting for the range and the number of bars approximate the market. I should say that what I am experimenting is exploratory. Central to this is the revelation of the FXH core CZ revelation.
The setting is by no means optimal. I wish to add that I have to tweak the setting for the number of bars and the range further, if I want to trade from the indicator directly.
  • #5,148
  • Edited Feb 6, 2013 4:52pm Feb 5, 2013 8:15pm | Edited Feb 6, 2013 4:52pm
jbosco, your 200-day chart isn't actually giving you 200 days worth of data. 17.2 weeks is not double 14.4 weeks of the default 100-day chart. Just FYI.

Also, to repeat what I wrote very recently, I recommend that your Days Back settings be a value that you can also use for forward testing. This is not a fishing expedition. We already know that SSBO has a strong market edge. So all that's left is to find a grouping of settings that we can feel comfortable trading with. It does not require multiple Days Back charts in order to do so. What you are doing in that last set of pics is a very close cousin to someone using multiple TF charts, only in your case it is multi Days Back charts. But IMHO it/they still teaches the same bad habits. You're hunting for pips in all the wrong places, to paraphrase the song.

My advice: Pick just one pair, with just one TF, and just one Days Back value, and go forward from there.
To improve is to change. To perfect, is to change often.
  • #5,149
  • Feb 5, 2013 11:21pm Feb 5, 2013 11:21pm
Quoting fxglider
I've entered long when price dropped into cz zone, which gives me less risk and more reward.
Nice, that happens alot.....good observation!
  • #5,150
  • Feb 6, 2013 12:43am Feb 6, 2013 12:43am
Bagged some more....night!
Attached Image (click to enlarge)
Click to Enlarge Name: tt.jpg Size: 91 KB
  • #5,151
  • Feb 6, 2013 3:46am Feb 6, 2013 3:46am
morning folks
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 10 KB
emotions when not properly managed acts as bariers
  • #5,152
  • Feb 6, 2013 5:50am Feb 6, 2013 5:50am
Quoting forexhard
jbosco, your 200-day chart isn't actually giving you 200 days worth of data. 17.2 weeks is not double 14.4 weeks of the default 100-day chart. Just FYI.

Also, to repeat what I wrote very recently, I recommend that your Days Back settings be a value that you can also use for forward testing. This is not a fishing expedition. We already know that SSBO has a strong market edge. So all that's left is to find a grouping of settings that we can feel comfortable trading with. It does not require multiple Days Back charts in order to do so. What you...
Hi FXH, my heartfelt appreciation for your timely advice and reminder, it's so easy to slip down the route of bad habits.
  • #5,153
  • Feb 6, 2013 9:41am Feb 6, 2013 9:41am
Is anyone following this? I've gat a good feeling we r in for a shock move
Attached Image (click to enlarge)
Click to Enlarge Name: czfor gb.gif Size: 11 KB
emotions when not properly managed acts as bariers
  • #5,154
  • Feb 6, 2013 9:43am Feb 6, 2013 9:43am
What I woke up to.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdfeb6.JPG Size: 187 KB
I make money anywhere in the world by taking orders
  • #5,155
  • Feb 6, 2013 9:50am Feb 6, 2013 9:50am
I do trade more than one currency pair.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdfeb6.JPG Size: 191 KB
I make money anywhere in the world by taking orders
  • #5,156
  • Feb 6, 2013 9:55am Feb 6, 2013 9:55am
I am having problems with false cz's. This morning I had a cz on GbpUsd and when I turned off my charts and reopened them the cz was gone. Happens quite frequently and wondering if anyone else is having the same problem and how to fix it.
I make money anywhere in the world by taking orders
  • #5,157
  • Feb 6, 2013 10:29am Feb 6, 2013 10:29am
Quoting SedonaPipper
I am having problems with false cz's. This morning I had a cz on GbpUsd and when I turned off my charts and reopened them the cz was gone. Happens quite frequently and wondering if anyone else is having the same problem and how to fix it.
I'm having it the opposite way (they don't appear), but either way, that's MT4 for ya... I'm sure this glitch has been discussed already. We just have to remember to refresh the indicator when starting MT4.
  • #5,158
  • Feb 6, 2013 11:29am Feb 6, 2013 11:29am
Quoting primefx
Is anyone following this? I've gat a good feeling we r in for a shock move
It's not going to be a shock, it's going to be a certainty, unless your referring to a move of a lot of pips. Price is sitting at trendline resistance level stretching back to Feb 2009. I'm guessing the big players havent yet decided whether to continue selling or not. I wouldn't let it play on your mind too much, it'll break in time.

I've got 2 cz's in that area (sod it I'll post a screenshot), with a failed trade (I didn't take). I've manually drawn a box around recent PA, which my current cz's are forming within a larger 'cz' of 49 pips x 101 bars and counting.
Attached Image
  • #5,159
  • Feb 6, 2013 11:42am Feb 6, 2013 11:42am
I'm in recovery trade 1
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.png Size: 53 KB
  • #5,160
  • Feb 6, 2013 11:53am Feb 6, 2013 11:53am
HXT, looks like you got the Indy loaded after all. What did it take to make it work in the end -- maybe someone else can learn from your example.

And your issue with overlapping boxes would go away if your CZ settings were tighter. For example, my defaults are 25p X 35b, and I get clear well defined steps with no lapping. Try it yourself and see what you get...
Attached Image (click to enlarge)
Click to Enlarge Name: steps.gif Size: 168 KB
To improve is to change. To perfect, is to change often.
1 trader viewing now