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(binned per thread starter’s request) Fibo zones - the relation b

  • #141
  • Apr 3, 2013 7:15pm Apr 3, 2013 7:15pm
Quoting Pardy
I get for pair: yellow red green sig as under: EU: buy,sell,sell, hence sell GU: buy,sell,buy, hence buy EJ: buy, buy, buy, hence buy AU: buy,sell,sell, hence sell
As attached chart of eur/usd I have taken a short at 1.2849. Is that correct?
Attached Image (click to enlarge)
Click to Enlarge Name: pictures.gif Size: 23 KB
  • #142
  • Apr 3, 2013 7:21pm Apr 3, 2013 7:21pm
hi nice indi DAILY OHLC If it is possible can u add date and time shift. THANKS AND REGARDS.GOODLUCK GODBLESS
  • #143
  • Apr 3, 2013 8:18pm Apr 3, 2013 8:18pm
im short also on EU...testing

in the background is the trade on EU. on the excel, I made some modification where the both EU and GU are visible on the main sheet. then at the bottom (dark gray column), it is actively monitoring the current price on which zone it is now...I hope im getting this right


Attached Image (click to enlarge)
Click to Enlarge Name: fiboCalc-test2.PNG Size: 109 KB
  • #144
  • Apr 3, 2013 11:05pm Apr 3, 2013 11:05pm
@strongtrader , I am happy to see that you are playing with figures in excel sheet, i have gone thru the post and i want to ask a few simple questions since you have been using this sheet .

1. does the sheet give you the direction to take for the day ?? ( buy or sell ) ( reliablility )


if it can give this at the start of the day for the currency pair then all the problems are solved .
  • #145
  • Apr 3, 2013 11:50pm Apr 3, 2013 11:50pm
Hi,

Loo at the EURJPY trade today.Three buys.According to the first excel if you put you entry order and take profit you are well in profit.Please see below screenshot.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 77 KB
  • #146
  • Apr 4, 2013 2:13am Apr 4, 2013 2:13am
Quoting rstranger
im short also on EU...testing in the background is the trade on EU. on the excel, I made some modification where the both EU and GU are visible on the main sheet. then at the bottom (dark gray column), it is actively monitoring the current price on which zone it is now...I hope im getting this right {image}
it is advising not to take the signal as it has both buy and sell and red and yellow chart signal differ.

so how u handle this situation . stay sidelines ??
  • #147
  • Apr 4, 2013 3:00am Apr 4, 2013 3:00am
Quoting unimak
it is advising not to take the signal as it has both buy and sell and red and yellow chart signal differ. so how u handle this situation . stay sidelines ??
Im using it only as an extra reference for now since Im not sure how accurate it would be. Im still using supply demand zone plus price action for the entry in which im also learning it from another thread. I also read from the previous posts that if we have an opposing signal from the red and yellow box, we can use the signal from the green box.
  • #148
  • Apr 4, 2013 3:27am Apr 4, 2013 3:27am
  • #149
  • Apr 4, 2013 3:28am Apr 4, 2013 3:28am
In EU, the price went down to zone 2 wherein in the excel, it is the reversal zones. I think, to get a better price to go Long/Short is to incorporate TL, supply demand technique or even MAs.
  • #150
  • Apr 4, 2013 3:40am Apr 4, 2013 3:40am
Thank you for your reply Pardy!

Having entered in the required figures manually I am now reading off the same page as the rest of you Now for some more reading and trying to make sense of what the spreadsheet is telling me!

Thanks again.

Kevin.
  • #151
  • Apr 4, 2013 4:59am Apr 4, 2013 4:59am
Quoting rstranger
im short also on EU...testing in the background is the trade on EU. on the excel, I made some modification where the both EU and GU are visible on the main sheet. then at the bottom (dark gray column), it is actively monitoring the current price on which zone it is now...I hope im getting this right {image}
Well done rstranger! the darke grey column is a good idea.
Did you build the spreadsheet inside the mt4 so that it updates directly?
About the feature of seeing 2 pairs on the same sheet for someone could be more comfortable but it could get you confused. The risk is to trade correlations that is not wrong in theory but you have to remember that correlations are not stable in the long run, i.e. last year we had a period with a good level of correlation between the major but then it's since november that they are not correlated anymore.
Since we do not need correlations with spreadsheet calculator it would be better to see only one pair sheet at a time.
  • #152
  • Apr 4, 2013 5:08am Apr 4, 2013 5:08am
Quoting wingate
Thank you for your reply Pardy! Having entered in the required figures manually I am now reading off the same page as the rest of you Now for some more reading and trying to make sense of what the spreadsheet is telling me! Thanks again. Kevin.
Take your time, don't be afraid of loosing opportunities, they are always in front of you everyday. Don't focus on trades you missed, focus on what are you doing in the present: the future? we don't know; the past? is past. Do your work here and now at your best, results are only the consequence of what you've done here and now.
So everything you need to know about spreadsheet is in this thread, read it carefully with the right mindset, many clues are between the lines.
  • #153
  • Apr 4, 2013 5:11am Apr 4, 2013 5:11am
Hi strongtrader,

I just added the GBPUSD on the same excel file because I saw from the main sheet that says:
"BUT IF YOU COMBINE WITH GBP/USD CALC SIGNAL……….The Probability of Signal :………87%"

Im not using the correlation in my trading since Im only trading once currency which is EU, I just added it so I could verify if its true

Here is the updated excel. to get the current (live) price from MT4, please make sure that the box is ticked in Tools-->Options-->Server tab-->Enable DDE server box
Attached File(s)
File Type: xls FiboHenryZone Calculator Sign.xls   187 KB | 1,081 downloads
  • #154
  • Apr 4, 2013 5:18am Apr 4, 2013 5:18am
where is the GBP calc signal in excel , can somebody put a screen shot of the 3 signals , I am only able to see 2 , red and yellow , no gbp calc signal .
  • #155
  • Apr 4, 2013 5:43am Apr 4, 2013 5:43am
Quoting rstranger
Hi strongtrader, I just added the GBPUSD on the same excel file because I saw from the main sheet that says: "BUT IF YOU COMBINE WITH GBP/USD CALC SIGNAL……….The Probability of Signal :………87%" Im not using the correlation in my trading since Im only trading once currency which is EU, I just added it so I could verify if its true Here is the updated excel. to get the current (live) price from MT4, please make sure that the box is ticked in Tools-->Options-->Server tab-->Enable DDE server box {file}
Many thks, please explain how I can install it in mt4, I have just a decent knowledge in trading but about computers I am just a disaster man
  • #156
  • Apr 4, 2013 5:52am Apr 4, 2013 5:52am
Quoting strongtrader
Many thks, please explain how I can install it in mt4, I have just a decent knowledge in trading but about computers I am just a disaster man
no need to install anything. just open your mt4 program then: (this 4 steps is done only once so programs like excel can get live feed from mt4)
1. Click Tools from the menu
2. select Options
3. a new window will open. select the tab named "Server"
4. then locate the box for "Enable DDE server" and tick the box

then you can open the excel file. If you get a prompt "Security warning", click "Enable Macros"
  • #157
  • Apr 4, 2013 6:00am Apr 4, 2013 6:00am
Hi strongtrader, thanks for sharing.It seems your strategy has similarity with what I have bought couple of years ago. See the attach pdf. What is your opinion?
Attached File(s)
File Type: pdf Feras Jaara Financial FrameWork.pdf   466 KB | 2,096 downloads
  • #158
  • Apr 4, 2013 7:30am Apr 4, 2013 7:30am
Quoting rstranger
no need to install anything. just open your mt4 program then: (this 4 steps is done only once so programs like excel can get live feed from mt4) 1. Click Tools from the menu 2. select Options 3. a new window will open. select the tab named "Server" 4. then locate the box for "Enable DDE server" and tick the box then you can open the excel file. If you get a prompt "Security warning", click "Enable Macros"
many thks rstranger.....an idea to improve this....instead of having the level prices display fixed on the top of dark grey column, could it be possible to relate this info with the levels of the schedule? I mean the price display should show up at zone 1 if it is in zone 1 or in zone 3 if it is in zone 3 and moving consequently, so we could see where is price related to zones at a glance....don't know if it would be possible
  • #159
  • Apr 4, 2013 7:59am Apr 4, 2013 7:59am
VERY IMPORTANT ADVICE

Referring to rstranger's post 153:
if you combine i.e. Eu signal with GU signal it means that you are looking if the signals of the two pairs are the same or are opposite each other; in facts this means that you are trading correlations, this is the point.
So if EU would have been is directly correlated with GU and you get the same signals for both the pairs you would have a confirmation, the same would be if EU would have been inversely correlated with GU and you would get opposite signals. Therefore you need to know how EU is correlated with GBP (well, there is nothing wrong if you want to trade this way).
If instead you do not want to trade correlations there is no point to combine the two signals.
This made me think to the fact the we were struggling to understand how the green signal was calculated and here it is: gbp calc is related to what I said above, point.
The green calc is not gbp calc, but is today fibo levels calculation related to zones from 1 to 6, so we can see in which zone we will have 50.0 and 0.618 fibo retracements and we also can see in which zones we will have first fibo expansion target that is 1.00 and the second one that is 1.382 (does not displayed because is above zone 6) etc.....you can find those levels in the pdf too.
Hope this makes sense to all of you
  • #160
  • Apr 4, 2013 9:09am Apr 4, 2013 9:09am
Hi , Guys,

Very interesting system had 3 winners today very simple setups still working my way through the spreddy before I ask any more questiond already covered can I ask somone to provide a copy of the indicator that plots the proposed zones on the chart so I can further experiment.

Much appreciated.

Mike C
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