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High low bar chart only & how to trade them!

  • #21
  • Jun 9, 2013 10:44am Jun 9, 2013 10:44am
Quoting pickers
Nice thread. Was playing with inside bar and some bars formation for a few months but didnt have much success. Maybe the trend line for Sell entry and the high of the outside bar for stoploss. the trend line for Buy entry and the Low of the outside bar for stoploss.

hello pickers

if u have time can you post some pictures drawing of the idea please ..

thanks & good day
BROKENGLISH
  • #22
  • Jun 9, 2013 12:28pm Jun 9, 2013 12:28pm
the first green trend line was a failure. the cyan box top indicates the stoploss while the bottom indicates entry.

the orange trend line could be a failure, depending on whether the price goes up or triggered the sell entry first.

the red trend line havent been triggered yet with the cyan box indicates stoploss and entry range of 79.1 pips distance.

The sell trend line (as you have shown low to low) must be sloping upside.

Ignore the yellow dotted horizontal line- it is one of my current sell.
Attached Image
  • #23
  • Jun 9, 2013 12:48pm Jun 9, 2013 12:48pm
Quoting recidiviste
{quote} hello here is the template sorry i am not coding at all, some time do small modification of existing code ... see you & good day {file}
thank you
  • #24
  • Jun 9, 2013 1:45pm Jun 9, 2013 1:45pm
Quoting pickers
the first green trend line was a failure. the cyan box top indicates the stoploss while the bottom indicates entry. the orange trend line could be a failure, depending on whether the price goes up or triggered the sell entry first. the red trend line havent been triggered yet with the cyan box indicates stoploss and entry range of 79.1 pips distance. The sell trend line (as you have shown low to low) must be sloping upside. Ignore the yellow dotted horizontal line- it is one of my current sell. {image}

thanks pickers

one picture = 1000 words

seems we dont have exactly the same outside bar

SEE this picture eur usd 4h

valid break is validated as candle close & high < trend line < support

here a yellow inside bar

Attached Image (click to enlarge)
Click to Enlarge Name: q1.gif Size: 68 KB
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  • #25
  • Jun 10, 2013 12:56am Jun 10, 2013 12:56am
good morning

first cafe & some charts

EUR USD 4h 1 h 5 m

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 29 KB


4 hour didnt change since friday close valid break

break is valid only afther bar close (time)
break valid only if high or low of bar was < > line !
yes
its slow but sure

remember our "religion only high & low "

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 29 KB


same currency 1 hour

here like new outside bar high below the old support line

Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 33 KB


5 minute looks more near support horizontal line not so hot for the sell yet

Attached Image (click to enlarge)
Click to Enlarge Name: Image3.png Size: 30 KB
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  • #26
  • Jun 10, 2013 12:59am Jun 10, 2013 12:59am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 31 KB



hum purple color ntg working well for upload screen shot
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  • #27
  • Jun 10, 2013 1:31am Jun 10, 2013 1:31am







i wish could code ....

BE CAREFULL
***********

*/seems those bar are slow dont follow the speed of the market (keep line graph on to catch up fast)
but they are ok on close ....

*/alert is not working


SORRY FOR THAT !
BROKENGLISH
  • #28
  • Jun 10, 2013 1:44am Jun 10, 2013 1:44am
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 24 KB



this indicator is working fast & nice

u can put color of line to none

select the number of candle u want

if select 2 when new high or new low happen = alert working

on the screen u can see the bar are ok on close but not live so keep the line graph !

(its a way to train u can SEE how bar change categories/type

Attached File(s)
File Type: mq4 RecentHighLowAlert.mq4   3 KB | 389 downloads
....)
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  • #29
  • Jun 10, 2013 1:46am Jun 10, 2013 1:46am
Attached Image (click to enlarge)
Click to Enlarge Name: q.gif Size: 87 KB
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  • #30
  • Jun 10, 2013 2:04am Jun 10, 2013 2:04am
eur usd 5 minute

valid break is ok

support broken + 1 high < support line

Attached Image (click to enlarge)
Click to Enlarge Name: q.gif Size: 68 KB
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  • #31
  • Jun 10, 2013 3:14am Jun 10, 2013 3:14am
some valid on the other side buy on eur usd 5 minutes

Attached Image (click to enlarge)
Click to Enlarge Name: q1.gif Size: 67 KB


Attached Image (click to enlarge)
Click to Enlarge Name: q2.gif Size: 68 KB
BROKENGLISH
  • #32
  • Jun 10, 2013 3:15am Jun 10, 2013 3:15am
Recidiviste
Back home now, For several months now I have traded open range breakout and before that I was trading ibs/obs and levels, As you know ib/ob are areas of uncertainty and they are very good to trade.
Even though I am trading orb I still look for signs such as ib/ob and if one is present I will trade accordingly.
You have a very good idea with using a past ib/ob as a resistance/support I may look in to it. I am always seeking to learn.
I honestly think 5 min chart is too short but that is a personal thing, I go for 15 if it is near a level, s/r, or breakout and then 1 hour, but if I am already in a trade and it nears a daily candle that s good as normally once they are broken they GO, but like you say the daily is difficult to get right.
I never use leverage, be good, you seem to be onto a good thing
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #33
  • Jun 10, 2013 3:26am Jun 10, 2013 3:26am
are the candles in your charts normal or heiken ashi, I got home traded the uk e/j open and should be sleeping now, o and get up ready for the us open
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #34
  • Jun 10, 2013 4:33am Jun 10, 2013 4:33am
Quoting billytt
are the candles in your charts normal or heiken ashi, I got home traded the uk e/j open and should be sleeping now, o and get up ready for the us open

hello billytt

candles/bar are normal (not heiken ashi) but the indicators don't work very well

bar is updated on close only = slow

alert is not working for in/out & bull/bear

about time frame u are in the true, 5 minutes to fast to post even ....

i will stick to 15 m some 1 h and daily on weekend

its better like that because if we change time frame all the time we get lost ....

so the idea we are working on is

support & resistance line based :

on outside bar only
on high & low only

line can be horizontal or with degree

will try post on that topic & compare

what is ur favorite currency gbp aud ?

regards
BROKENGLISH
  • #35
  • Jun 10, 2013 5:07am Jun 10, 2013 5:07am
EUR USD 15 M


Degree trend lines

Attached Image (click to enlarge)
Click to Enlarge Name: q1.gif Size: 113 KB


this pattern 2cross is strong .....

Horizontal trend lines

we must fix some rules to draw them .... must find best thing ??? pls help

this is

drawing on the last 2 outside bar

Attached Image (click to enlarge)
Click to Enlarge Name: q2.gif Size: 113 KB
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  • #36
  • Jun 10, 2013 6:35am Jun 10, 2013 6:35am
Attached Image (click to enlarge)
Click to Enlarge Name: q3.gif Size: 73 KB
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  • #37
  • Jun 10, 2013 6:39am Jun 10, 2013 6:39am
swing or power will come from usd jpy maybe ????

Attached Image (click to enlarge)
Click to Enlarge Name: q4.gif Size: 70 KB
BROKENGLISH
  • #38
  • Jun 10, 2013 6:43am Jun 10, 2013 6:43am
Attached Image (click to enlarge)
Click to Enlarge Name: q5.gif Size: 69 KB
BROKENGLISH
  • #39
  • Jun 10, 2013 7:17am Jun 10, 2013 7:17am
new outside bar eur usd 15 m

Attached Image (click to enlarge)
Click to Enlarge Name: q6.gif Size: 73 KB
BROKENGLISH
  • #40
  • Jun 10, 2013 7:25am Jun 10, 2013 7:25am
double Higharray[3];
double Lowarray[3];
int HighBararray[3];
int LowBararray[3];
bool outsidebar = false;

for loop (int a = 1; a<=100; a++)

{

outsidebar = false;

double HighCurrent = iHigh(symbol(),period(),a);

double LowCurrent = iLow(symbol(),period(),a);

double HighPast = iHigh(symbol(),period(),a+1);

double LowPast = iLow(symbol(),period(),a+1);

if ( HighCurrent > HighPast && LowCurrent < LowPast )

outsidebar = true;

if ( outsidebar && Higharray[1] != 0)

{

if ( HighCurrent > Higharray[1] )

{

HighBararray[2] = a;

Higharray[2] = HighCurrent ;

}

}

if ( outsidebar && Lowarray[1] != 0)

{

if ( LowCurrent < Lowarray[1] )

{

LowBararray[2] = a;

Lowarray[2] = LowCurrent ;

}

}

if ( outsidebar && Higharray[1] == 0)

{

Higharray[1] = HighCurrent ;

HighBararray[1] = a;

Lowarray[1] = LowCurrent ;

LowBararray[1] = a;

}

if ( Higharray[2] != 0 && Lowarray[2] != 0 )

break;

}

double BuyTrendIncre = (Higharray[2] - Higharray[1] ) / (HighBararray[2] - HighBararray[1]);
double SellTrendIncre = (Lowarray[1] - Lowarray[2] ) / (LowBararray[2] - LowBararray[1]);
double BuyTrendLine = Higharray[2];
double SellTrendLine = Lowarray[2];
for (int b = HighBararray[2] -1; b>=0 ; b--)

BuyTrendLine = BuyTrendLine - BuyTrendIncre ;


* draw your Buy trendline based on Higharray[2] at HighBararray[2] && BuyTrendLine at bar 0.

for (b = LowBararray[2] -1; b>=0 ; b--)


SellTrendLine = SellTrendLine + SellTrendIncre ;


* draw your Sell trendline based on Lowarray[2] at LowBararray[2] && SellTrendLine at bar 0.


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