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  • #101
  • Apr 2, 2013 3:58pm Apr 2, 2013 3:58pm
Quoting strongtrader
Hi Pardy, here is audusd for today {image} {image}
Strongtrader, did you trade the AU today. The recommendation was to short it, how did you trade it, entry/sl/tp. Curious to know. Thanks.
  • #102
  • Apr 2, 2013 5:31pm Apr 2, 2013 5:31pm
Quoting Pardy
Strongtrader, did you trade the AU today. The recommendation was to short it, how did you trade it, entry/sl/tp. Curious to know. Thanks.
entry 1.04655 stop 1.04820 target is target2 of red signal
  • #103
  • Apr 2, 2013 5:43pm Apr 2, 2013 5:43pm
Quoting bedayan
Hi Strongtrader, Thanks for your fast reply.For price feed which broker platform you are using?I am using fxcm and because of that open,high low price is different signal for me calculating different. For your usdcad is double sell. For me it was sell and buy.Based on this if I try to take the signal it could have been buy and my trade never going to be triggered.Please see below screenshot.{image}
For charts only I use Alpari nzd, mt4 of FXCM is based on 6 days instead of 5, so they consider each sunday like a new complete day (like it would have been monday or tuesday) ...this way the price action you see on charts is f**ked up. Then you need to check your broker time too and synchronise accordingly.
How can you have a low before yesterday at 1.0174?
  • #104
  • Apr 2, 2013 5:45pm Apr 2, 2013 5:45pm
Quoting shadodwel
Thank you for the pdf file. I think it is a very interesting. I don't understand the calculator though. I am going to reread the whole thread again and see if I can understand it from there. If not, maybe you can answer some questions.
you're welcome...
  • #105
  • Edited 10:51pm Apr 2, 2013 10:39pm | Edited 10:51pm
Quoting strongtrader
For charts only I use Alpari nzd, mt4 of FXCM is based on 6 days instead of 5, so they consider each sunday like a new complete day (like it would have been monday or tuesday) ...this way the price action you see on charts is f**ked up. Then you need to check your broker time too and synchronise accordingly. How can you have a low before yesterday at 1.0174?
Sorry here is the correct values.As per excel sheet result is shown using metatrader FXDD chart.I wonder we should use that chart only or not.Moreover I am using FXCM tradestation not MT4 platform.

Attached Image (click to enlarge)
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  • #106
  • Apr 3, 2013 7:52am Apr 3, 2013 7:52am
Ok, I've reread the whole thread again for the second time. Thank you for that HPFZ indicator. It is great. I have just recently discovered harmonic trading. I think fibonacci trading is definitely the way to go to make some serious increases in your capital account. Having said that, knowing which way to trade definitely helps. It is amazing to see that these A, B, C, D, and E zones are respected; just as the ratios are in harmonic patterns. It is truly amazing!!

I can't seem to understand the "green" calc signal. As a matter of fact, I don't see the need for this calculator. Anyways, to my question. What purpose does it serve? Maybe I don't understand what's going on with it but if you simply setup your zones, you will do well with that alone.

Just to share. I input data into the first sheet of that calculator for the EURJPY, and both signals came out as buy.
  • #107
  • Apr 3, 2013 10:47am Apr 3, 2013 10:47am
ow..okey thanks...one things again..if use fibonacci retracement, which tf does we have use? H4? or d1? "i m NEWBIE" help me.Please
  • #108
  • Apr 3, 2013 12:28pm Apr 3, 2013 12:28pm
Quoting shadodwel
Ok, I've reread the whole thread again for the second time. Thank you for that HPFZ indicator. It is great. I have just recently discovered harmonic trading. I think fibonacci trading is definitely the way to go to make some serious increases in your capital account. Having said that, knowing which way to trade definitely helps. It is amazing to see that these A, B, C, D, and E zones are respected; just as the ratios are in harmonic patterns. It is truly amazing!! I can't seem to understand the "green" calc signal. As a matter of fact, I don't...

Quoting strongtrader
AU entry 1.04655 stop 1.04820 target is target2 of red signal

I backtested some GBP pairs a couple of days ago. Most of the time system failed and i tought maybe using opposite of signals could help.

Sorry to tell you late.
  • #109
  • Apr 3, 2013 1:19pm Apr 3, 2013 1:19pm
Quoting captain73
I backtested some GBP pairs a couple of days ago. Most of the time system failed and i tought maybe using opposite of signals could help. Sorry to tell you late.
Hi Captain ,

I think gbp calc signal nothing but following signal.when red fibo and yello fibo value is different did you try to cross check with following signal confirmation before taking signal?
Suppose red fibo sell
yello fibo buy.
and the signal marked is sell.Then two sell one buy we should take buy.

How did you take the signal?

Attached Image (click to enlarge)
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  • #110
  • Apr 3, 2013 1:29pm Apr 3, 2013 1:29pm
Quoting bedayan
Hi Captain , I think gbp calc signal nothing but following signal.when red fibo and yello fibo value is different did you try to cross check with following signal confirmation before taking signal? Suppose red fibo sell yello fibo buy. and the signal marked is sell.Then two sell one buy we should take buy. How did you take the signal? {image}
As you said, when signals don't match, i just took the fibo zone calculators signal.

Let's say i backtested 15 days, just 2 or 3 of them were success 12 or 13 of them were just the opposite for gbp/usd.
  • #111
  • Apr 3, 2013 1:47pm Apr 3, 2013 1:47pm
Quoting captain73
As you said, when signals don't match, i just took the fibo zone calculators signal. Let's say i backtested 15 days, just 2 or 3 of them were success 12 or 13 of them were just the opposite for gbp/usd.
Hi Captain,

I dot know what you have done.I have back tested it for last five days and its all in profit.Not sure what or how you doing back test?

when signal dot match red and yello fibo you are not just simply going to take above fibo zone calculator signal.

If Red fibo given sell signal
if yellow given buy signal

and above green fibo given buy signal.

Then according to rule 2 buy and 1 sell.So we will take buy signal.You understood? so accordong sell entry exit price value you will put stop loss and entry and target and move out till its getz to take profti understood?

And if both are red and yello fibo are sell or buy you dot have to check the green fibo signal.
  • #112
  • Apr 3, 2013 1:53pm Apr 3, 2013 1:53pm
Quoting bedayan
Hi Captain, I dot know what you have done.I have back tested it for last five days and its all in profit.Not sure what or how you doing back test?
for which pair, and what are the HLC values for them?
if you can write the values maybe i can figure it out what the problem is.

Were shadodwel's EURJPY signal or strongtrader's AU signal for today success? Not i guess.
  • #113
  • Apr 3, 2013 2:02pm Apr 3, 2013 2:02pm
Quoting captain73
for which pair, and what are the HLC values for them? if you can write the values maybe i can figure it out what the problem is. Were shadodwel's EURJPY signal or strongtrader's AU signal for today success? Not i guess.
Hi ,

As you mentioned I have backtested it for GBP USD pair.I am using price feed from FXCM tradestation account.

I would say after plotting deciding your trade signal.Only place order only before franfurt open.

In this case

EURJPY trade was Initially in profit then went to loss.

AUDUSD if you put sell pending order during frankfurt open you order wont be triggered till now. So you are not entered yet. I also suggest that if entry order not triggered end of the day remove the order and wait for next day candle.

I think its working better in GBP pairs.
  • #114
  • Apr 3, 2013 2:09pm Apr 3, 2013 2:09pm
Yea, I noticed that. I took the long trade as it suggested. It was my own fault anyways because I didn't check my normal time frame that I trade on and just saw the signal on the 1hr chart. This lesson cost me 60 pips. I am glad they are micro lots.

However, I didn't follow the directions. I placed my order during the day, not at 23:00 gmt.


Quoting bedayan
Hi , As you mentioned I have backtested it for GBP USD pair.I am using price feed from FXCM tradestation account. I would say after plotting deciding your trade signal.Only place order only before franfurt open. In this case EURJPY trade was Initially in profit then went to loss. AUDUSD if you put sell pending order during frankfurt open you order wont be triggered till now. So you are not entered yet. I also suggest that if entry order not triggered end of the day remove the order and wait for next day candle. I think its working better in GBP...
  • #115
  • Apr 3, 2013 2:12pm Apr 3, 2013 2:12pm
Quoting bedayan
Hi , As you mentioned I have backtested it for GBP USD pair.I am using price feed from FXCM tradestation account. I would say after plotting deciding your trade signal.Only place order only before franfurt open. In this case EURJPY trade was Initially in profit then went to loss. AUDUSD if you put sell pending order during frankfurt open you order wont be triggered till now. So you are not entered yet. I also suggest that if entry order not triggered end of the day remove the order and wait for next day candle. I think its working better in GBP...
I am totally confused. Don't we buy or sell everyday at opening price according to the signal? Why the pending order? and how is calculated?
You don't need to answer if you don't want.
I am also busy with other systems.
  • #116
  • Apr 3, 2013 2:21pm Apr 3, 2013 2:21pm
I know it's difficult to understand, it took me years of hard work.
You all are treating this calc sheet like it would be a system by itself, well I'm sorry to delude you but t is not. I wrote it since the begining, it's a tool.
No one has understood the concept behind it yet, but this is not a surprise, only a few can see it and it is even not worth to explain it.
It's something that requires you to change your way of thinking, like every brain teaser you have the solution under your nose but you won't ever see it till you will change your perception.
It's simple but not easy.
The funny thing is that this is really not new stuff, but since the begining of computer trading with all this abundance of charts, indicators of any kind, all the main principles of market structure and market behavior have gone lost.
Well, everything you need will come at the moment you'll be ready to receive it.
  • #117
  • Apr 3, 2013 2:25pm Apr 3, 2013 2:25pm
Quoting captain73
for which pair, and what are the HLC values for them? if you can write the values maybe i can figure it out what the problem is. Were shadodwel's EURJPY signal or strongtrader's AU signal for today success? Not i guess.
Hi captain...btw AU for today was a 3 sell signal, it was just a matter to wait for price to reach the extreme
  • #118
  • Apr 3, 2013 2:29pm Apr 3, 2013 2:29pm
Quoting captain73
I am totally confused. Don't we buy or sell everyday at opening price according to the signal? Why the pending order? and how is calculated? You don't need to answer if you don't want. I am also busy with other systems.
You check first sheet of excel sheet for buying and selling entry price is calculated and given. You can just put pending order at the begining of franfurt open.

As far as calculation goes here in the forum excel sheet is unlocked .You can check by yourself how buy sell entry price is populated and calculation by checking the fomulae.
  • #119
  • Apr 3, 2013 2:30pm Apr 3, 2013 2:30pm
Quoting strongtrader
entry 1.04655 stop 1.04820 target is target2 of red signal
Quoting strongtrader
Hi captain...btw AU for today was a 3 sell signal, it was just a matter to wait for price to reach the extreme
Hi,

Did your stop loss hit or not?
  • #120
  • Apr 3, 2013 2:37pm Apr 3, 2013 2:37pm
Quoting strongtrader
Hi captain...btw AU for today was a 3 sell signal, it was just a matter to wait for price to reach the extreme
Yess Strong trader

Red fibo is sell
yellow fibo is sell
and green fibo which is mentioned also shows sell.So three sell.

But Entry price according to first excel sheet still not reached if we put entry order during franfurt open.

How do you measure the extereme ? I know its alerady crossed green fibo zone 6 price value.Is that is the sign that price is reached extreme?
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