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Fail Better

  • #5,461
  • Edited 6:17am May 26, 2013 6:06am | Edited 6:17am
Quoting Pinbar
Trying to keep this simple and working on 8 major Non Cross pairs. I have them setup for next week. {image}

Youve got swissie twice in there, mate. Its the 7 majors . But i like the way you put your levels to the major swingpoints. thats what ive been doing recently. imo its more about the big major swingpoints than the number of touches a level has, since the big orders are lying at the major swings and those are what make the price bounce/retest.

Where do i get the atr indicator you have in the top left corner? Is it also able to indicate the atr as price and not only as pips?
  • #5,462
  • May 26, 2013 8:06am May 26, 2013 8:06am
Quoting daveone
{quote} Youve got swissie twice in there, mate. Its the 7 majors . But i like the way you put your levels to the major swingpoints. thats what ive been doing recently. imo its more about the big major swingpoints than the number of touches a level has, since the big orders are lying at the major swings and those are what make the price bounce/retest. Where do i get the atr indicator you have in the top left corner? Is it also able to indicate the atr as price and not only as pips?

Yeah, you are right.
I was explaining something to a person on one chart and doubled it so as, to not screw up my chart during the explanation of what they had asked.

Here is the indi.
Attached File(s)
File Type: mq4 ATR in Pips.mq4   3 KB | 323 downloads
  • #5,463
  • May 26, 2013 8:09am May 26, 2013 8:09am
Quoting kl1968
{quote} I took this one. {image}
Could you post the ATR indicator you are using?

Thanks
  • #5,464
  • May 27, 2013 4:37am May 27, 2013 4:37am
Quoting Pinbar
{quote} Could you post the ATR indicator you are using? Thanks
Here you go.
Attached File(s)
File Type: ex4 ATRprojections.ex4   7 KB | 241 downloads
  • #5,465
  • May 27, 2013 3:05pm May 27, 2013 3:05pm
Quoting kl1968
{quote} Here you go. {file}
Thanks a lot kl ... just for better understanding. The ATR range that is shown in this indi is the ATR range over the last 20 daily bars?

I saw it stays fixed regardless of what timeframe I am looking at and I did not see any value for the number of days it is being calculated from.

Thanks for clearing it up.
  • #5,466
  • May 27, 2013 4:29pm May 27, 2013 4:29pm
Quoting kl1968
{quote} Here you go. {file}
Many thanks KL
  • #5,467
  • May 27, 2013 10:44pm May 27, 2013 10:44pm
Quoting timo4sho
{quote} Thanks a lot kl ... just for better understanding. The ATR range that is shown in this indi is the ATR range over the last 20 daily bars? I saw it stays fixed regardless of what timeframe I am looking at and I did not see any value for the number of days it is being calculated from. Thanks for clearing it up.
I use the indi to get an idea of the current days range vs ATR of the day. This indi was posted earlier in this thread and I don't know how many days it is calculated from. I am still learning this material.
  • #5,468
  • May 28, 2013 4:32am May 28, 2013 4:32am
Quoting kl1968
{quote} I use the indi to get an idea of the current days range vs ATR of the day. This indi was posted earlier in this thread and I don't know how many days it is calculated from. I am still learning this material.
Yeah, I can not work out how it is calculated but, I do not think it is very accurate compared to the regular ATR built into MT4 and the one I posted.
No point using an ATR that you do not know the settings of.
  • #5,469
  • May 28, 2013 5:23pm May 28, 2013 5:23pm
Quoting Quidsey
{quote} Hi Flamegs you're going to blow a fuse mate why are you mixing them together? there are loads of charts in this thread showing SFP's (Swing Failure Pattern) and RR's but your chart is the first of it's kind. {quote} Really? why are you guessing? the two set-ups have very clear and simple criteria. They work or they don't and the edge is in the probability that more often than not they do work. If you change the criteria then you're trading on the fly. After that it's down to us to not fuck it up when the moment presents itself which is...
Thanks Quidsey for your time and generosity.
  • #5,470
  • May 28, 2013 5:24pm May 28, 2013 5:24pm
I took a trade on GBP/AUD

Sure looks like a rounded retest. Broke free waited some time and now its testing the old support. Sell on support.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud 5282013 rr.gif Size: 29 KB
  • #5,471
  • Edited 12:44am May 29, 2013 12:31am | Edited 12:44am
Decent swing in and swing out, FTB to the level with divergence.

Let's see if we get an SFP.
Attached Image (click to enlarge)
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  • #5,472
  • May 29, 2013 1:03am May 29, 2013 1:03am
Yep, got the SFP confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 44 KB
  • #5,473
  • May 29, 2013 1:33am May 29, 2013 1:33am
FTA target hit, took profit and reduced my risk by using the M30 PB left eye.
The two double bar lows are going to be the make or break area for this.
Certainly has that Bham effect.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 460 KB
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  • #5,474
  • May 29, 2013 1:55am May 29, 2013 1:55am
Moved to BE plus and I will come back to it after the Asian session closes.
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  • #5,475
  • May 29, 2013 2:20am May 29, 2013 2:20am
Nice one !
  • #5,476
  • May 29, 2013 3:42am May 29, 2013 3:42am
Thanks D
It had lot going for it.
People who were short, closing their positions before the 1.5000 BRN thus adding to the liquidity.
Same thing really around the FTA, they probably trailed their stops behind the FTA waiting to get taken out.
It taught me a lot about the system. It can take me out anytime.
Attached Image (click to enlarge)
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  • #5,477
  • May 29, 2013 4:59am May 29, 2013 4:59am
Quoting Pinbar
Thanks DIt had lot going for it.People who were short, closing their positions before the 1.5000 BRN thus adding to the liquidity.Same thing really around the FTA, they probably trailed their stops behind the FTA waiting to get taken out.It taught me a lot about the system. It can take me out anytime. {image}
hey PB, good to see you still here and doin v. well

good trade bro. i still have yet to try this method fully, theres still something about blind(ish) entries that scare me. seems easy on demo but it would scare the hell out of me with money lol
good method though and i do have confidence in Tom. seems i have too much info already, might get an overload!!...too much fog in my head! all thoughts grounded!! hehe

all the best

jon
PATIENCE... DISCIPLINE
  • #5,478
  • May 29, 2013 4:11pm May 29, 2013 4:11pm
The trade I took earlier was a bad one. I have to admit to you guys that after seeing Pinbars trade I have to let my pride down, not that I believe I am showing any on here and I don't want to clutter this thread, but my pride has blinded me. My pride has led me to make bad choices because I am eager to learn and I am just filled with so much information that I feel overwhelmed. I am not gonna stop until I some how master the art of trading.

Pinbar that trade was beautiful man, you have been left with a BUOB what will you do?
  • #5,479
  • May 29, 2013 5:05pm May 29, 2013 5:05pm
Quoting g_j_hook@yah
{quote} hey PB, good to see you still here and doin v. well good trade bro. i still have yet to try this method fully, theres still something about blind(ish) entries that scare me. seems easy on demo but it would scare the hell out of me with money lolgood method though and i do have confidence in Tom. seems i have too much info already, might get an overload!!...too much fog in my head! all thoughts grounded!! hehe all the best jon

Hey GJ

Long time no see.
Glad you are still at it and doing very well by the looks of things.

Well, Jarroo turned me onto Tom's method as, it seems to compliment his methodology also.
Got to love those small stops though.
  • #5,480
  • May 29, 2013 5:28pm May 29, 2013 5:28pm
Quoting Pinbar
{quote} Hey GJ Long time no see.Glad you are still at it and doing very well by the looks of things. Well, Jarroo turned me onto Tom's method as, it seems to compliment his methodology also.Got to love those small stops though.
yeah man. the holy grail!! small stop, big move, great R:R...

gotta find time to demo it....lol

jon
PATIENCE... DISCIPLINE
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