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  • #6,661
  • Apr 18, 2013 9:09am Apr 18, 2013 9:09am
Batemap, thank you for being so gracious with your psyche. Based on your edit you are now starting to think about what you are doing instead of being a lazy (****) who copies a chart and the settings and says they know SSBO. Great step forward.
I make money anywhere in the world by taking orders
  • #6,662
  • Apr 18, 2013 4:52pm Apr 18, 2013 4:52pm
My 3 Trade from last night into this morning. It worked but took some doing to get there.

http://i262.photobucket.com/albums/i...bpusdm15_5.png (http://s262.photobucket.com/user/yentes1/media/FX/gbpusdm15_5.png.html)

Its also showing another setup. I am not certain if this is a good thing or a bad thing. I know that ForexHard and everyone has stressed not to over trade, but is this normal? This is only my second week with this, so I am curious as to your opinions. Yes this is a demo account, but I am trying to treat it as if it was a real account. Would you trade this again?
  • #6,663
  • Apr 18, 2013 5:18pm Apr 18, 2013 5:18pm
Quoting grimnokk
My 3 Trade from last night into this morning. It worked but took some doing to get there. {image} (http://s262.photobucket.com/user/yentes1/media/FX/gbpusdm15_5.png.html) Its also showing another setup. I am not certain if this is a good thing or a bad thing. I know that ForexHard and everyone has stressed not to over trade, but is this normal? This is only my second week with this, so I am curious as to your opinions. Yes this is a demo account, but I am trying to treat it as if it was a real account. Would you trade this again?
Hi - Have a look at your stats. It is your decision whether you want to trade a non discretional method discretionally or non discretionally. ????

That is a hand drawn box though, is it not ?
  • #6,664
  • Apr 18, 2013 5:26pm Apr 18, 2013 5:26pm
Quoting AltosTrader
Hi - Have a look at your stats. It is your decision whether you want to trade a non discretional method discretionally or non discretionally. ???? That is a hand drawn box though, is it not ?
Thanks for the response Altos. I had to read your post a couple times. There were a lot of "discrestional"s in that post. Took a bit to get what you were saying into my head.

Yes that was a hand drawn box. But I practice moving it around still and try and spot the CZ's before the indicator tells me they are there. Plus by doing so, it gives me a rough idea of when I need to come back to the computer and check things out so that I don't sit here and force trades or do something else dumb.

But you are correct. So far I have been taking every trade as it appears and have not had a problem yet. So I am in.....
  • #6,665
  • Apr 18, 2013 6:34pm Apr 18, 2013 6:34pm
Quoting SedonaPipper
Batemap, thank you for being so gracious with your psyche. Based on your edit you are now starting to think about what you are doing instead of being a lazy (****) who copies a chart and the settings and says they know SSBO. Great step forward.
Hi

Thanks for your compliment and thanks for your help.

Cheers

Paul
  • #6,666
  • Apr 19, 2013 12:27am Apr 19, 2013 12:27am
hi guys

what is the best config in the this indicator for eur/jpy and gbp/jpy
  • #6,667
  • Apr 19, 2013 12:56am Apr 19, 2013 12:56am
Quoting randolf
hi guys what is the best config in the this indicator for eur/jpy and gbp/jpy
As SedonaPipper said to someone else the other day - The indi will not work until you fully understand post 1 and have expedited what that post tells you. You're stuck until you do it.
  • #6,668
  • Apr 19, 2013 1:42am Apr 19, 2013 1:42am
Hi there,

Yesterday wasn't an easy day. Anyway, I had one loose and one successful trade on cable, so still positive. I do not martingale at the moment. I'm testing a M30 confirmation before enter.

Today was an easy 30 pips with cable again. I love the system. Those who are starting with it I recomend, as C345 said, stuck just in one or two pairs in the beguining. You have to get used with the system and understand clearly CZ patterns. If you try to do all pairs you gonna get too much noise and "correlation doubts" (as I suffered some weeks ago...)


have a nice weekend all
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  • #6,669
  • Apr 19, 2013 1:57am Apr 19, 2013 1:57am
When I slept cable give me nice profit. Still need to work on my Money management and to be more patient. But I like this method. Thanks Forexhard for your sharing.
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Luck is important in live, even if you don't believe in it.
  • #6,670
  • Apr 19, 2013 2:26am Apr 19, 2013 2:26am
Hi everyone !

This is not the first time I posted in this thread and I loved this method from the first moment I started reading it. Every time I think I have understood everything I discover something new.

SSBO is working great but I have a question, something I have been struggling with. I tested for a few months now on demo with really good results. Live is the next step, but I need to make some final notes. I do understand that losing is normal, I don't care when I lose my 3th martingaled position because I KNOW that over time the winners will be more important. My question is : What are the signs / indicators that it might be time to change the inputs of the indicator ? When is the losing not part of the 'normal' losing anymore but due to obselete inputs ? Values that worked 3 years ago don't always work today anymore, that's normal, markets change ... How to see the difference between 'cyclical' movements and 'shifting of the market' movements ... When drawing boxes by hand that problem isn't there because my eyes change the inputs for my brain as they see it, it's just that I really like the indicator and the statistics

I don't know if what I wrote was clear, but I tried my best

I have read the thread from start till end but don't recall an answer to this, used the search engine and nothing either ... If it answered in this thread, I am really sorry. I know how frustrating it is when the same question comes back all the time ... If my question is answered allready tell me it is and I will search for it myself again If not answered feel free to give me your opinion !

Have a really good day !
Don’t ever let someone tell you that you can’t do something.
  • #6,671
  • Apr 19, 2013 2:44am Apr 19, 2013 2:44am
Hi Armacon - If you were trading manual boxes you effectively update your mental indicator everytime you draw a box. It would be impractical to change your indi values as often but the same rule underlies it. The answer really would be when your results begin to fall off but how to differentiate that from normal market dynamics is a problem also. So, for me, I monitor several pairs and keep an eye on their respective performance. If only one is falling it may be time to re-check its settings - easier said than done but worth the effort. If you have correlated pairs are they still much in synch. The recent JPY fall off slowed trades down quite a bit on the Yen but it is picking up again. So there is a fundamental view also. No easy answers unless FXH likes to pitch in. He will have a view on it. There will be multiple opinions on this as each has their own take on the subject.
  • #6,672
  • Apr 19, 2013 2:58am Apr 19, 2013 2:58am
Thank you Altos for your reply

Quote
If only one is falling it may be time to re-check its settings
Thoughed about that, but I had a pair ( think it was EUR/GBP ) that had falling stats while the others were good and after a week or 2 had a winning streak while others were falling ...

I considered changing inputs when having 2 or 3 consecutive losing sets of 4 ( for example ) when this only has happened once in 100 days ...
Don’t ever let someone tell you that you can’t do something.
  • #6,673
  • Apr 19, 2013 3:07am Apr 19, 2013 3:07am
Quoting Armacom
Thank you Altos for your reply Thoughed about that, but I had a pair ( think it was EUR/GBP ) that had falling stats while the others were good and after a week or 2 had a winning streak while others were falling ... I considered changing inputs when having 2 or 3 consecutive losing sets of 4 ( for example ) when this only has happened once in 100 days ...
FXH would probably say, "Don't touch the b**** thing" leave it alone. My feeling and I stress feeling, is that markets do change their character and we have to change with them. A few misses does not constitute a change though, it needs something significant. No easy answer. Personal choice.
  • #6,674
  • Apr 19, 2013 5:44am Apr 19, 2013 5:44am
Quote
FXH would probably say, "Don't touch the b**** thing" leave it alone.
I often imagine that situation indeed

I try to see it from a statistical point of view. If something very unlikely to happen, happens 2 or 3 times in a row i tell myself that something is wrong ... But with that methodology we could have give a lot of 'hard earned' pips back
Don’t ever let someone tell you that you can’t do something.
  • #6,675
  • Apr 19, 2013 4:08pm Apr 19, 2013 4:08pm
Quoting Armacom
I often imagine that situation indeed I try to see it from a statistical point of view. If something very unlikely to happen, happens 2 or 3 times in a row i tell myself that something is wrong ... But with that methodology we could have give a lot of 'hard earned' pips back
Yes, but you do have the recovery trade mechanism. Quite often I see mental boxes that the indi does not take, because it is filtering differently from my brain. There are two things you can do. 1. Forget the indi and trade with manual boxes, which means you try to optimise every trade. Some are good at that, others will fail miserably. 2. Optimise the % wins for the indi and limit it to the number of recovery trades you can cope with either from a cash point of view or a mental stress point of view and then run with it. If 2 then you have to get the indi to a point where you can trust it and then just roll with it. If you are having a bad run on one pair then stop and observe while you trade other pairs. Odds are if a pair is not performing reasonably you have curve fitted it too tightly, like maybe 10 day look back, or had a poor setup from the start. Have a look at the many charts posted in this thread and see if you are in the same ballpark with your settings and results. There is no one fits all answer and there are no guarantees and most everyones setup is a little different for their own reasons or broker data variance. But, get it right and then remember what FXH says, "it is so easy it is hard" and that is too true.
  • #6,676
  • Apr 19, 2013 8:37pm Apr 19, 2013 8:37pm
Hi,

A friend of mine pointed me out to this thread and I have been reading carefully from the beginning and applying it as stated. I also used the latest indicator on page 371, but I see that the indicator does not appear to plot the CZ zones because my broker uses an .arm extension to all currency pairs. I am attaching the EU 15 TF chart of mine. Please let me know if something can be done in a future release regarding this.


Thank you for this thread and everything herein.

Best regards,
Swamidass Suganesa Prem

Attached Image (click to enlarge)
Click to Enlarge Name: EU 15 TF.JPG Size: 82 KB
  • #6,677
  • Apr 20, 2013 1:09am Apr 20, 2013 1:09am
That's exactly what I mean Altos !
Manually is adapting automatically, which gives me great confidence that the system will adapt to every situation.

I'm using the indicator without fear and with full trust, past 2 - 3 months have been really good. Even if I martingale to the 2 or 3th trade and lose it does not matter, my faith is intact ... Faith is needed, but blind following isn't good either. Just wanted to know when some tweaking is in place.

But like you said Altos, I guess it's a personal approach for everyone
Don’t ever let someone tell you that you can’t do something.
  • #6,678
  • Edited 5:08pm Apr 20, 2013 4:53pm | Edited 5:08pm
Quoting sspremj
Hi, A friend of mine pointed me out to this thread and I have been reading carefully from the beginning and applying it as stated. I also used the latest indicator on page 371, but I see that the indicator does not appear to plot the CZ zones because my broker uses an .arm extension to all currency pairs. I am attaching the EU 15 TF chart of mine. Please let me know if something can be done in a future release regarding this. Thank you for this thread and everything herein. Best regards, Swamidass Suganesa Prem {image}
I am sure this has been addressed in the forum but I cannot find it after several searches. Who is your broker ? I will get their demo and try.
OK I just had a look on my own charts. You are zoomed too far in to see the CZ's. Zoom out several times and I think you will see them.
  • #6,679
  • Apr 20, 2013 5:43pm Apr 20, 2013 5:43pm
Quoting AltosTrader
I am sure this has been addressed in the forum but I cannot find it after several searches. Who is your broker ? I will get their demo and try. OK I just had a look on my own charts. You are zoomed too far in to see the CZ's. Zoom out several times and I think you will see them.
I see it says 1 CZ over 100 Days. I took a pic and blew it up a bit if that might help you see it too.
Attached Image
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #6,680
  • Edited 7:03pm Apr 20, 2013 5:51pm | Edited 7:03pm
Quoting TraderJoe
I see it says 1 CZ over 100 Days. I took a pic and blew it up a bit if that might help you see it too. {image}
Hi Joe - It says 1 but that 1 does not show in the wins or losses. He is simply zoomed in too far. I tried it on a chart and got the same result. These are also the ootb settings so he has not attempted to change, or the changes didn't show and he has reverted to the original.

Oh, of course you are right. If there are no CZ's it doesn't matter how far out you zoom. sspremj - let me know your broker, I will see if I can get it up.
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