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  • #6,301
  • Mar 31, 2013 2:01pm Mar 31, 2013 2:01pm
Quoting forexhard
...I am not satisfied with with what I think I know. It's what I don't know that I think I know that concerns me. Like a dog with a bone. Brilliant. You're doing it, SP. Stir it up and don't stop until you draft in some like-minded members here and you all get the answers you deserve!
Thanks for the acknowledgment. I can't wait to see what I don't know that wish I did. My hope is that after enough people have jumped on board and thoroughly ruffed this subject up so much so that we are more lost than ever, you will step in and guide us out of the forest. I know that every line in the indicator has purpose because that's who you are. It's time to start ripping every line apart and putting it back together. That's my journey at the moment.
I make money anywhere in the world by taking orders
  • #6,302
  • Mar 31, 2013 2:28pm Mar 31, 2013 2:28pm
Sunday afternoon here. Getting ready for market open in a few hours. Below are some of the charts I'm looking at. As the weeks pass, I feel I am getting better and better at identifying the CZ's even without the boxes. SedonaP, thanks for some of your insights. I'm right behind you with the journal idea. Have to think about that a bit more.
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Remember, Red. Hope is a good thing, maybe the best of things...
  • #6,303
  • Mar 31, 2013 3:12pm Mar 31, 2013 3:12pm
Quoting ForexFury
Sunday afternoon here. Getting ready for market open in a few hours. Below are some of the charts I'm looking at. As the weeks pass, I feel I am getting better and better at identifying the CZ's even without the boxes. SedonaP, thanks for some of your insights. I'm right behind you with the journal idea. Have to think about that a bit more.
Currency market never closes its 24/7. Keep going the way you are seems you on the right track. Good luck.
  • #6,304
  • Mar 31, 2013 5:41pm Mar 31, 2013 5:41pm
Keep an eye on cable - holiday here in the uk Monday so will be very slow. In a tight range (again due to holidays) but when the next box forms it should go big time.
  • #6,305
  • Mar 31, 2013 5:46pm Mar 31, 2013 5:46pm
Hand drawn box on the 1 hour its has to break. Which way? Not strictly ssbo trading this one but principal is the same. Orders in above the box orders in below lets see what the night brings lol last edit .
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  • #6,306
  • Apr 1, 2013 3:48am Apr 1, 2013 3:48am
Quoting SedonaPipper
A couple of weeks ago I asked for the thread to help me with my trading journal. though I didn't get as many people participating as I expected, I was happy with the feed back I did receive. What I got was keep it simple so I created a spread sheet that I use to monitor a trade. Information includes Currency, Day, Market, Stage, lots, stop loss, take profit, R-multiple, Set Result, R-multiple for set, swap, results of each stage, Notes and possible pips. Now I am wanting to have another discussion about a few of the lines in the indicator and how...
this one of the thing im trying to figure out, im trying to set and forget because i dont have the time babysit the trades.. some of the pair have a huge difference on average pips , so it can be two settings on QP on each side..
  • #6,307
  • Apr 1, 2013 4:28am Apr 1, 2013 4:28am
Quoting forexhard
Altos, seems like you need a refresher: http://www.forexfactory.com/showthread.php?p=6462829#post6462829
Unbelievably, a passing kangaroo, (it couldn't have been me) had switched my chart to a 60m timeframe and I thought it was 15m because that is what I have become accustomed to viewing. That is also what I PM'd you thinking it was 15m so in looking at the greater trend I stuffed myself (or the kangaroo did) completely.
  • #6,308
  • Apr 1, 2013 4:35am Apr 1, 2013 4:35am
and EJ came home nicely again - it is back in favour after frightening the beejeebers out of me
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  • #6,309
  • Apr 1, 2013 5:24am Apr 1, 2013 5:24am
Quoting SedonaPipper
A couple of weeks ago I asked for the thread to help me with my trading journal. though I didn't get as many people participating as I expected, I was happy with the feed back I did receive. What I got was keep it simple so I created a spread sheet that I use to monitor a trade. Information includes Currency, Day, Market, Stage, lots, stop loss, take profit, R-multiple, Set Result, R-multiple for set, swap, results of each stage, Notes and possible pips. Now I am wanting to have another discussion about a few of the lines in the indicator and how...
Hey mate,

I don't think its a case of people not taking you up on your discussion, but be more specific. Last week you asked about journals and people were to the point, keep it simple and don't be guided by emotion. I think that is essential advice.

I've always thought we were not encouraged to talk about TP SL etc as that is always discretionary.


What do I do? well on most pairs I am going with a 25-30 pip stop loss and a TP of 50 pips. I move SL to BE at 30 pips. Why 25-30 SL? cause with the pairs I trade I am looking for that strong initial breakout, if it retraces more than maybe I was wrong. the 50 pip TP is based on my settings where most breakouts are 60 pips or higher on average . Fxhard has recommended going for half the average to be conservative, but of course each to his own. The more I play with the indicator the less I am concerned with initial breakout percentage, but more on trade set wins and total number of pips.


Hope that helps a little to show what another trader is doing.


Cheers,

Ben
  • #6,310
  • Apr 1, 2013 6:01am Apr 1, 2013 6:01am
u/j looking good this April fools day....
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  • #6,311
  • Apr 1, 2013 7:42am Apr 1, 2013 7:42am
Quoting Jayf19
Another QTP105 straight to the bank (R:R of 1:1.40) {image}
To follow up my off track Dragon adventure, I stopped trading this "way" after being warned about it not being SSBO. Anyhow, I let the settings run the forward test just to see...

Rightly enough, the settings seem to have been a mere temporal market anomaly. The settings currently stand on a 5/5 losing streak (longest using the settings).

I am grateful that I was able to grab a few pips along the way but that FXH put the train back in perspective before derailing in the red.

Thanks for the tough love
:nerd:
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  • #6,312
  • Apr 1, 2013 9:28am Apr 1, 2013 9:28am
Quoting C345
Hand drawn box on the 1 hour its has to break. Which way? Not strictly ssbo trading this one but principal is the same. Orders in above the box orders in below lets see what the night brings lol last edit . {image}
Well caught the move up where next?
  • #6,313
  • Apr 1, 2013 2:10pm Apr 1, 2013 2:10pm
Quoting oztrader79
What do I do? well on most pairs I am going with a 25-30 pip stop loss and a TP of 50 pips. I move SL to BE at 30 pips. Why 25-30 SL? cause with the pairs I trade........................... Hope that helps a little to show what another trader is doing.
It is always good to see how successful traders interpret a trading method within the bounds of the rules of a system.
No one wants to be lead by the hand, as in the end it is important to find what works best for yourself,
but sharing a thought or a technique on a way to trade is what forums are all about. It binds us together as fellow traders.
We all benefit from each other.

Thanks
  • #6,314
  • Apr 1, 2013 3:05pm Apr 1, 2013 3:05pm
Congratulations and thank you Forexhard and team for creating this absolutely incredible thread and indicator. It took me three weeks in my free time to read the entire thread (and do the exercises described on page 1) and I have to say this has been an incredible and amazing project you have accomplished and continue to develop. Forexhard if it was possible you deserve twice as many vouchers. I have been trading for eight years and rarely post, but I just wanted to give you props. Doing all of this work, putting up with trolls and haters and literally giving this system and indie for free to the public, you really should be thanked by everyone like myself who has struggled to make the pipe over the years. I hope you don't disapprove but I put the indie on a trading simulator and ran it with just the default settings on the cable (M15) and let it run from March 1 2012 to March 1 2013 and with no adjustments to the settings it made an incredible 1200 pips. For me, with the right money management, that is a fortune. Thanks again, I love this system and will definitely post some of my charts in the near future. All the best. .
  • #6,315
  • Edited 4:20pm Apr 1, 2013 3:46pm | Edited 4:20pm
i see the beginnings of czs all over the shop - hopefully they dont break for another 9 hrs i want to sleep
  • #6,316
  • Edited 4:41pm Apr 1, 2013 4:30pm | Edited 4:41pm
Quoting tradervic63
I hope you don't disapprove but I put the indie on a trading simulator and ran it with just the default settings on the cable (M15) and let it run from March 1 2012 to March 1 2013 and with no adjustments to the settings it made an incredible 1200 pips. For me, with the right money management, that is a fortune. Thanks again, I love this system and will definitely post some of my charts in the near future. All the best. .
Just a word from experience, there are no default settings. Its so easy for the mind to create meaning because there is a number in a box. It would be better if those box's had no numbers what-so-ever.
I make money anywhere in the world by taking orders
  • #6,317
  • Apr 1, 2013 7:06pm Apr 1, 2013 7:06pm
Morning everyone,

I'm short EURJPY....
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  • #6,318
  • Apr 1, 2013 7:08pm Apr 1, 2013 7:08pm
and UJ....
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  • #6,319
  • Apr 1, 2013 8:25pm Apr 1, 2013 8:25pm
Quoting oztrader79
Morning everyone, I'm short EURJPY.... {image}
Oztrader

good night

nice option
i run it on 365 days

ema =y

thanks Oztrader
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  • #6,320
  • Apr 1, 2013 8:27pm Apr 1, 2013 8:27pm
Quoting juancafactor
Oztrader nice option i run it on 365 days ema =y thanks Oztrader {image}
Hi Juan,

Just remember fxhard has said that any data beyond 100 days is likely to be unreliable and so will give mixed results.


Personally I had look at my settings over 100, 30 and 5 days. I then have a look at each of the cz's over that time frame to see I am happy with them. For example you will see some trades happen which you may never take like on a friday and then it gaps on a monday giving you skewed results. Once I have manually looked at those CZ's and happy with them, I leave the settings as part of my 100 day forward test (as recommended by fxhard).


Cheers,

Ben
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