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

  • #221
  • Apr 8, 2013 3:43pm Apr 8, 2013 3:43pm
Quoting mario777
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? {image}
it is somehow similar but not the same, are you still using it, and if yes, are you doing well?
  • #222
  • Apr 10, 2013 3:24am Apr 10, 2013 3:24am
Any Success so far using this tool....And Strongtrader which tradin system are u using it with....thanks for your quick reply
WE MAKE THE MARKET,WITHOUT WE,THERE IS NO MARKET..
  • #223
  • Apr 11, 2013 4:50am Apr 11, 2013 4:50am
Quoting Moga Inv
Any Success so far using this tool....And Strongtrader which tradin system are u using it with....thanks for your quick reply
As I said a lot of times this is a tool, there is a lot of wisdom in it, but you have to figure out which is the best way for you to use it.
It's not important which system I use or anyone else uses, it is mandatory for each of us to find the system that fits us at its best, each person has his own mind, his own way of thinking so what will work for me or for anyone else most of the times won't work for you.
The first matter to solve is learning how to trade, you could even have the best system in the world but if you do not know how to trade you will go on in playing a losing game; if you know how to trade even with the worst system in the world you will be a winner.
This has been my experience till now.
  • #224
  • Apr 14, 2013 10:39am Apr 14, 2013 10:39am
Quoting jth
Hi guys, 5-6 years ago there was a thread called "roll over (carry trades) that can be used for good hit rates" which was started by Brijon. I remember in this thread a few of the talented members got together and created a very complicated excell file, but this file was linked live to the mt4 broker. It received data live and historical data via a MQL4 script file within the mt4 program. I do have a small problem, I'm not very good with Microsoft excell, i understand allot of it, but when macros are introduced I just like a rabbit steering into...
Has anybody managed to link the history csv mt4 files to the excel file which can also be updated manually?
Regards
JTH
  • #225
  • Apr 17, 2013 8:45am Apr 17, 2013 8:45am
anybody tested this strategy the last days / weeks??? Any results????
  • #226
  • Apr 18, 2013 11:19pm Apr 18, 2013 11:19pm
It generated contrasting signals for EU and GU, GU buy signal @ 1.5282 level am in the trade let's see what happens, EU sell @ 1.3040 levels have placed a limit order on EU. Will tell how it went as the day progresses.
Wait for the market to come to you.. then take the green pips..
  • #227
  • Apr 18, 2013 11:28pm Apr 18, 2013 11:28pm
hello strong trader, do you use any indicator to gauge the feel of the market or you take trades based on demand and supply zones?
Wait for the market to come to you.. then take the green pips..
  • #228
  • Apr 19, 2013 3:10am Apr 19, 2013 3:10am
Wow!! This excel calculator has added another arm to my analysis, GU was spot on am 80 pips up... This excel calc works wonderfully well if you trade with volume and demand, supply concept.
Wait for the market to come to you.. then take the green pips..
  • #229
  • Apr 19, 2013 5:51am Apr 19, 2013 5:51am
Quoting strongtrader
it is somehow similar but not the same, are you still using it, and if yes, are you doing well?
no Im not using it because my coach didnt teached me real entry and he could not be contacted anymore. He used Volume indicator for identifying entry which very subjective for me. Maybe If I learn your method I can undrestand how this works.
  • #230
  • Apr 19, 2013 3:54pm Apr 19, 2013 3:54pm
Quoting PIP Guru
hello strong trader, do you use any indicator to gauge the feel of the market or you take trades based on demand and supply zones?
Hi Pip Guru, yes I use 3 indis for perspective, that's all
  • #231
  • Apr 19, 2013 3:57pm Apr 19, 2013 3:57pm
Quoting PIP Guru
Wow!! This excel calculator has added another arm to my analysis, GU was spot on am 80 pips up... This excel calc works wonderfully well if you trade with volume and demand, supply concept.
Volume is a nasty indi in forex as the only volume you can measure is relative to positions of the sum of customers of your broker, so it's a partial measure, not the reality.
  • #232
  • Apr 19, 2013 4:25pm Apr 19, 2013 4:25pm
Quoting mario777
no Im not using it because my coach didnt teached me real entry and he could not be contacted anymore. He used Volume indicator for identifying entry which very subjective for me. Maybe If I learn your method I can undrestand how this works.
Well i'm not here to teach or mentor anyone, i wrote clearly the purpose of this thread in my first post.
My method is my method, I won't ever reveal it to the public as it took me 5 years of very hard work. Please don't get offended but this is a too much big value to think to share it with people I even do not know.
Furthermore each person has his own mind and his own way of thinking, so what works for me not necessarily will work for someone else; everyone has to find the system that fits his needs at its best.
First of all you have to understand how the market works, this indi is just a piece of the puzzle.
Fibo ratios, candlestick patterns, demand/supply, harmonic patterns, support/resistance, trend lines, Mavgs etc. are only pieces of a big puzzle, they are only tools to confirm your decision making process.
It's not the resistance level that will make the price to bounce back: how many times did you see the price bouncing back against a resistance? many I think; but how many times did you see the price breaking out off a resistance? many either I think...so what is worth for a resistance level? just flip a coin and you will get the same result.
The majority of traders (me too untill I understood) think that once they will have found the right system they will start making money, that is not. The system is market by itself, the only way is figuring out how market works, there are no shortcuts.
  • #233
  • Apr 20, 2013 10:47am Apr 20, 2013 10:47am
Hi strongtrader,
In Predic Zone sheet, case1 "If Close at Zone 1, then predic Next Close at Zone 3 & 4", The close is last day's close(GMT23) or it is any today's H1 close?
Attached Image
  • #234
  • Apr 21, 2013 12:14am Apr 21, 2013 12:14am
Quoting strongtrader
ok I'm ready. So the following should make sense, please let me know:
- 1 scenario: we have concurrent yellow, red and green..this is the strongest signal, no mind of sma100
- 2 scenario: we have concurrent yellow and red....this is a strong signal anyway, so no mind of sma100

-3 scenario: we have yellow opposite to red or vice versa....as we need at least 2 concurrent signals we have to check which direction is showing the green one and where is sma100...if prices are above sma100 we have to choose yellow, so if yellow and green are concurrent...
I rarely post in systems discussions, but stuff like this has always interested me. Here's a thought considering your above observations and the confusion surrounding the third calculation. Per above, once you move into scenario 3, things become complicated. Scenarios 1 & 2 are clear signals of your action, so why don't you only take trades if 1 or 2 are met. Why bother with scenario 3 at all. I haven't read the rest of the thread, so you may have come up with something else, but it makes sense. Why drive yourself nuts over something that is so vague and ambiguous?
  • #235
  • Apr 21, 2013 3:56am Apr 21, 2013 3:56am
Quoting Chlam
Hi strongtrader, In Predic Zone sheet, case1 "If Close at Zone 1, then predic Next Close at Zone 3 & 4", The close is last day's close(GMT23) or it is any today's H1 close? {image}
The signal is on a daily base
  • #236
  • Apr 21, 2013 3:58am Apr 21, 2013 3:58am
Quoting Dopey
I rarely post in systems discussions, but stuff like this has always interested me. Here's a thought considering your above observations and the confusion surrounding the third calculation. Per above, once you move into scenario 3, things become complicated. Scenarios 1 & 2 are clear signals of your action, so why don't you only take trades if 1 or 2 are met. Why bother with scenario 3 at all. I haven't read the rest of the thread, so you may have come up with something else, but it makes sense. Why drive yourself nuts over something that is so...
Of course you did not read the rest of the thread, otherwise you wouldn't have post this kind of question
  • #237
  • Apr 24, 2013 11:08am Apr 24, 2013 11:08am
Strongtrader, thanks for sharing the spreadsheet. I'm in the middle of reading Constance Brown's Fib analysis book (and looking at Fibs in a new way), the timing of finding this spreadsheet couldn't be better. I usually trade with supply demand, but might soon look into trading purely on fibs. Thanks a ton.
  • #238
  • Apr 27, 2013 5:52am Apr 27, 2013 5:52am
Hello fellows, this one will be my last post and here is the reason

Some days ago, with my big surprise, I saw spreadsheet calculator in some websites, someone is even asking some money to download it!!
It is evident that some people here, and they are within the ones who do not have understood a shit about this tool, have downloaded it only with the purpose to advertise their websites, seeking to make somehow some money.
This is very bad! I'm so said to see how many scammer people is walking around trading like hungry sharks, and as they are too stupid to figure out how to make money with trading, they try to make it cheating and teasing honest people that most often are newbies in trading and have also financial difficulties and are desperately seeking for the truth of trading.
Those scammers do deserve nothing! they have a very bad conscience, thus as I cannot keep them away from here, I do will keep myself far away from here and i will avoid to post anything else of real interest everywhere else.
My only comfort is that those people are so dumb that they are not aware even they are damaging themselfs acting this way and they won't ever make a cent with trading; they are damned to dumbness! well that is not only a comfort, it's a luxuriation
  • #239
  • Apr 28, 2013 6:32am Apr 28, 2013 6:32am
Dear Strongtrader,
it is always bad,when one of the highly skilled trader stops posting here.You are right about them,they can't trade and that is the reason why they're act like this.
I think you should spread this tool,this thread to masses,and then the trolls will stop selling it.My .02
  • #240
  • Edited 12:05pm May 8, 2013 9:28am | Edited 12:05pm
Quoting strongtrader
Hi everybody, I'm starting this new trade because some months ago I've found a great piece of tool in another thread in this forum (high probability Fibonacci zones). As I'm sure of the basic meaning of OHLC ratios in trading, that tool was just the cherry over the cake. Indeed it is an application of Joe Jackson's method that is proven to be very effective; it is an excel calculator that is supposed to indicate the most probable direction that price will follow in the daily session and the levels at which you can expect the price to bounce back,...

Hello,

I'm running this signal generator from last nine days. Promising result with GBPUSD pair. But I want to know more about this system like signal validity time and alternative pair to trade with good result. Hope you understand my bad English. Or any one have good experiences with this tools with different pair. Pleas share.
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