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  • #6,421
  • Apr 5, 2013 9:15am Apr 5, 2013 9:15am
Quoting kaboemm
..when I switched back to the H1 chart to get a more clearly overview about what exactly happend, and switched back to my h4 chart again, the last loss just dissapeared and the indicator had opened another buy order which did hit the TP. As you can see on the screenshot, the H1 chart shows exactly what happend. Very weird. Anyone know why how this could have been happend? I don't use the EMA filter.
I'm interested in this issue aswell, since i personally find M15 too chaotic. Anyone care to clarify? It seems that H4 stats are not to be trusted at all..
  • #6,422
  • Edited 10:44am Apr 5, 2013 10:04am | Edited 10:44am
Quoting Mones
I'm interested in this issue as well, since i personally find M15 too chaotic. Anyone care to clarify? It seems that H4 stats are not to be trusted at all..
Kaboemm,

Interesting. I'm assuming this is due to the fact that on your chart that one candle spans the entire CZ; from SL to TP. On the live trade your SL was hit first. However, when the indicator repainted your H4 chart, it was after the fact and the candle was now a "counted" candle.

I'm not sure how the indi is coded but I'm assuming it checks closed candles to how far they move in the direction of TP and since it's not tick by tick it couldn't tell which hit first; the TP or the SL.

On an M15 chart, rarely would a candle span a CZ like it did in your image. It definitely is an anomaly that will skew statistics and I don't think I would trade H4 for this reason; not when the indi auto reduces the CZ to 17 pips anyway.
Remember, Red. Hope is a good thing, maybe the best of things...
  • #6,423
  • Apr 5, 2013 10:15am Apr 5, 2013 10:15am
Happy Friday!

Two more trades that I took this past week.

Both short on the breaks to the south!

+30 x 2 = +60 pips!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Hand_CZ_06 05-Apr.jpg Size: 65 KB
Click to Enlarge Name: Hand_CZ_05 05-Apr.jpg Size: 68 KB
Remember, Red. Hope is a good thing, maybe the best of things...
  • #6,424
  • Apr 5, 2013 10:31am Apr 5, 2013 10:31am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd4-4.JPG Size: 208 KB
Quoting Mones
I'm interested in this issue aswell, since i personally find M15 too chaotic. Anyone care to clarify? It seems that H4 stats are not to be trusted at all..
Ok a couple of problems I am seeing with your approachs on the 4 hour chart - I use a min of 3 bars for the length, I prefer 4 but each currency has a different behaviour. I also have much tighter range to get 2 cz's per week. Do the math 3 x 4 x 4 = 48 15 min bars. Range of 35 also gives me a tight cz with an average of 2 per week. Yes I use Martingale and have been smacked around a couple of times when one bar hits both sides of the cz. I still trust the cz and play it by the book.

I like the 4 hour because I am not at my charts more than a couple times a day and when I am alarmed that a cz has formed on my phone I have plenty of time to plan my trade. The hard part is being patient when I am in a breakout trade to let it reach average longs and shorts. There are a lot of things I look at when planning my trade - things learned over years of trading. A lot of them are now unconcious so I don't know how to define them.
I make money anywhere in the world by taking orders
  • #6,425
  • Apr 6, 2013 1:57am Apr 6, 2013 1:57am
am on board; forward testing the system; will be updating u guy with my charts
  • #6,426
  • Apr 6, 2013 3:24am Apr 6, 2013 3:24am
Quoting ForexFury
Happy Friday! Two more trades that I took this past week. Both short on the breaks to the south! +30 x 2 = +60 pips! {image} {image}
nice work, keep posting forexfury.


Ben
  • #6,427
  • Apr 6, 2013 5:45am Apr 6, 2013 5:45am
To me, this thread is simply dangerous to your financial health, the only winners will be the people who do not believe in this tosh!

What you are guided and encouraged to, is to simply curve fit using the oh so helpful statistics to tell you what worked, IN THE PAST.

And that's the clue right there .......IN THE PAST.


What a surprise .......................the future does not repeat the past in the same way

Ask yourself, is it up or down. then toss a coin. I predict that you will have more profit at the end of a run than compared to this idea.

Well that's what I think, of course, most of you will stick with the system, finding comfort in the statistic's, telling you that you going to make it big time . Good Luck, cause you are going to need it .
  • #6,428
  • Apr 6, 2013 6:47am Apr 6, 2013 6:47am
Quoting lucklogic
To me, this thread is simply dangerous to your financial health, the only winners will be the people who do not believe in this tosh! What you are guided and encouraged to, is to simply curve fit using the oh so helpful statistics to tell you what worked, IN THE PAST. And that's the clue right there .......IN THE PAST. What a surprise .......................the future does not repeat the past in the same way Ask yourself, is it up or down. then toss a coin. I predict that you will have more profit at the end of a run than compared to this idea....
Well I made six figures last financial year trading a very similar strategy . And tax free in the UK. Oh and equity account up 23% using same principal. Maybe I need luck?

You are right in that there is an element of curve fitting but where you are wrong is that the future does repeat the past. How many times does a currency/equity/commodity whatever rertace. Markets are dynamic and will always consolidate and then break which is what this is all about. You got a lot to learn. Good luck.
  • #6,429
  • Apr 6, 2013 6:53am Apr 6, 2013 6:53am
Quoting lucklogic
To me, this thread is simply dangerous to your financial health, the only winners will be the people who do not believe in this tosh! What you are guided and encouraged to, is to simply curve fit using the oh so helpful statistics to tell you what worked, IN THE PAST. And that's the clue right there .......IN THE PAST. What a surprise .......................the future does not repeat the past in the same way Ask yourself, is it up or down. then toss a coin. I predict that you will have more profit at the end of a run than compared to this idea....
People, don't feed the trolls. Look at his profile, 8 threads started and only 116 posts. Look at the quality of the posts, then ask does this sound like a successful trader?

I'm not dismissing out of hand someone questioning the system, but there were no questions here just a judgement .

Ben
  • #6,430
  • Apr 6, 2013 6:57am Apr 6, 2013 6:57am
Quoting oztrader79
People, don't feed the trolls. Look at his profile, 8 threads started and only 116 posts. Look at the quality of the posts, then ask does this sound like a successful trader? I'm not dismissing out of hand someone questioning the system, but there were no questions here just a judgement . Ben
Read my post above Ben
  • #6,431
  • Apr 6, 2013 7:22am Apr 6, 2013 7:22am
Bit of fun on Saturday its the Grand National in the UK I got money on a horse called 'Any Currency' at 66/1 lol
  • #6,432
  • Apr 6, 2013 7:41am Apr 6, 2013 7:41am
Quoting C345
Bit of fun on Saturday its the Grand National in the UK I got money on a horse called 'Any Currency' at 66/1 lol
Did you check for a Foreign Exchange or High Leverage? How about Slippage, that would be a good one! LOL
To improve is to change. To perfect, is to change often.
  • #6,433
  • Apr 6, 2013 7:44am Apr 6, 2013 7:44am
Quoting forexhard
Did you check for a Foreign Exchange or High Leverage? How about Slippage, that would be a good one! LOL
lol poor horse got no chance (sic) maybe its N Korean currency!! Just pmd ya
  • #6,434
  • Apr 6, 2013 7:53am Apr 6, 2013 7:53am
lucklogic (who C345 just tore a new asshole), is the same guy from last week that demanded I release the custom indi, and how dare I keep it to myself and give it out to only a select few. (He was somewhat embarassed to learn it was on page 371 the whole time.)

And now today he's back, saying that the indicator he wanted so badly to get his hands on really doesn't do anything anyway. Except tell us what's happened in the past.

I guess he thought it was the other type of Forex indicator, the one that can tell the future! Not just yet, buddy, xux is still working on that one.

Idiot.
To improve is to change. To perfect, is to change often.
  • #6,435
  • Apr 6, 2013 7:56am Apr 6, 2013 7:56am
Quoting forexhard
lucklogic (who C345 just tore a new asshole), is the same guy from last week that demanded I release the custom indi, and how dare I keep it to myself and give it out to only a select few. (He was somewhat embarassed to learn it was on page 371 the whole time.) And now today he's back, saying that the indicator he wanted so badly to get his hands on really doesn't do anything anyway. Except tell us what's happened in the past. I guess he thought it was the other type of Forex indicator, the one that can tell the future! Not just yet, buddy, xux...
He wants crystal balls lol
  • #6,436
  • Apr 6, 2013 8:15am Apr 6, 2013 8:15am
15 min chart at close friday and 60 min chart is saying the same. Have orders in at both sides it will go one way or the other looks like easy 20 pips to me. What you say FXH?
Attached Image (click to enlarge)
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  • #6,437
  • Apr 6, 2013 8:31am Apr 6, 2013 8:31am
Man, this insomina is a killer! It's only 6:25 here in Vegas, and I've been up for 2 hours already. I'm going to be groggy all day. Eech.

C345, I'm seeing the same thing you are. Euro is already heading down. If I had to guess with a gun to my head, I'd say that the Fed is going to want some of those 3000 pips back they lost last week. You say 20p, I say 1000-1500 by the end of the week, ending up in or below the red box zone. But honestly, as always I really don't care which way it goes, just so long as it goes!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15.png Size: 107 KB
To improve is to change. To perfect, is to change often.
  • #6,438
  • Edited 8:52am Apr 6, 2013 8:42am | Edited 8:52am
Quoting lucklogic
To me, this thread is simply dangerous to your financial health, the only winners will be the people who do not believe in this tosh! What you are guided and encouraged to, is to simply curve fit using the oh so helpful statistics to tell you what worked, IN THE PAST. And that's the clue right there .......IN THE PAST. What a surprise .......................the future does not repeat the past in the same way Ask yourself, is it up or down. then toss a coin. I predict that you will have more profit at the end of a run than compared to this idea....
I know that I am new here. I also freely admit that I have not used the system presented in this thread. I also freely admit that I have never traded before. But I wanted to give my opinion on this. If I am out of line please let me know and I will try and remove my post, or ForexHard you can delete it.

But my take on this system is that yes lucklogic, the stats are based upon the past. And that the past does not repeat itself EXACTLY the same way. However history does have a way of repeating itself. But I can look at any chart and see that there are times of "consolidation" all over the charts. And this is what this system is teaching you to spot.

My personal use of the stats is just for me to find a starting point for my risk to reward and money management. I am currently working my way through 1800 iterations of setting. I know there are certain things I am looking for from a trade. So I have set a few parameters to MY "I will not budge from these settings". Then I work my way through ranges of pips and bars and buffer to find the settings that give me the risk to reward that I am looking for. Does this mean that those setting will work going forward? Not necessarily. But it give me a place to start that makes me comfortable with the performance to be able to start my forward test.

To sum up a long winded post, the stats are nothing more than a starting point. But as has been said multiple time through this thread, you have to find what works for you along with forward test those settings to make sure they work. I see no issues here.

Grimm
  • #6,439
  • Apr 6, 2013 8:44am Apr 6, 2013 8:44am
Quoting forexhard
Man, this insomina is a killer! It's only 6:25 here in Vegas, and I've been up for 2 hours already. I'm going to be groggy all day. Eech. C345, I'm seeing the same thing you are. Euro is already heading down. If I had to guess with a gun to my head, I'd say that the Fed is going to want some of those 3000 pips back they lost last week. You say 20p, I say 1000-1500 by the end of the week, ending up in or below the red box zone. But honestly, as always I really don't care which way it goes, just so long as it goes! {image}
Good post - I only look for 20 pips a day on currency, 1000 - 1500 in a week is optimistic but who knows.
  • #6,440
  • Apr 6, 2013 8:48am Apr 6, 2013 8:48am
But just look at it! The pretty boxes are so close and all. And they almost match the colors of the price bars. That's all got to mean something, right?
To improve is to change. To perfect, is to change often.
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