Extracted Thread (per thread starter's request)

Thanks will try this during the weekend (something to look forward too.) LOL

in the meantime NZD/CAD CV is forming. There could be money to be made

A couple of CZ's forming on EU and GU. 5M and 15M. Not that it's any surprise to any of the thread followers.

Tom, great to see you hanging in there!

Thanks Fxh. It seems that regardless of whatever other strategies I test or employ, I always come back home.

T

New CZ just active on GPB/JPY

I just couldn't stay on the sidelines anymore.

I'm going to try and sum it up in a nutshell: Delete the indicator from your charts! It's a sideshow! There are no perfect settings and there never will be! The minute Squalou released the first indicator almost two years ago this thread has been on a completely different trajectory than what I'm assuming it was envisioned to be.

I'm going to say it again: THERE ARE NO PERFECT SETTINGS! DELETE THE INDICATOR AND GO BACK TO POST #1! STUDY WHAT IS THE TRUE NATURE OF SSBO.

My respect goes out to Squalou and Xux for all they have done for this thread. They have shown us that it is possible to highlight consolidation zones and even trade off of them but if anyone has the delusions that all it would take is an EA and they are on their way to riches is sadly mistaken.

All you see from every newbie here is: "Oh, I've read the entire thread. Multiple times. I double dog swear I have. But can you answer this one basic question that anyone with half a brain who has actually read this thread could answer?"

Say what you want about how this thread was run and how it ended up. Nothing changes the fact that if you read the first 50 pages you will have everything you need to actually develop a strategy around SSBO.

So take it from someone who has actually done the leg work, who has actually read the thread multiple times and realized the indicator is just a visual tool and nothing else, who has spent the months trying to decode the hints FxH and other members of the thread have left for those willing to put in the work: THE INDICATOR WILL NOT BRING YOU ANY CLOSER TO THE 5% UNLESS YOU REALIZE WHAT THE TRUE NATURE OF SSBO IS.

TPC23, you claim you are re-reading this thread. I hope you are re-reading it with a different perspective as you truly are a veteran of SSBO who was involved with this thread in it's infancy.

Agent Orange and all the other newbs, if you think trying to create a spreadsheet of different settings is going to bring you long term profitability with SSBO then stop now. Just stop and I promise you a lot less pain when and if you ever went live. Instead study the first 50 pages before there was ever an indicator and figure out what FxH was trying to tell you with his first post.

I never planned on posting this; just couldn't handle yet more newbs putting the indicator on a pedestal like it was truely the Holy Grail.

Peace in the east.

Hi ForexFury

I appreciate the advise, however my intention with the spreadsheet was purely to identify the best pairs to concentrate on (based on historical information) I wasn't trying to take short cuts or place the indicator on any pedestal, merely trying to focus on a couple of trading pairs rather than the 24 charts I had open. Its good to see some of the original participants still taking notice and keeping us newbs on track.

Cheers

A different perspective indeed. You make an excellent point. In the early stages of the thread, I was banking on the indicator. Now, I really use it as a tool to alert me that something is developing. Could I do this without the tool? Certainly. Absolutely. However, it's a pretty cool tool and it makes life easier. so, I use it on my chosen pairs. I no longer print the statistics on my chart, only the CZ's. I have my preferred settings and my preferred style of trading the CZ's. I do not limit myself to one trade set on a CZ. I view them as pivot areas and therefore areas of interest to me.

I highly recommend a re-read of the thread. There are nuggets in the last 50 pages as well as the motherlode you pointed out in the first 50.

T

Apologies if I came across too strong. I know how frustrating this process can be and the vast majority of heartaches are a result of relying solely on settings and trying to predict future performance from historical data.

Agent Orange, over time you will notice for yourself that pairs perform better and then worse relative to the other pairs depending on how much time you allow to pass. My suggestion is just stick with the pairs with the most liquidity. Spread and slippage are issues you will have to deal with if you ever do go live.

I agree TPC23. The tools have made all our lives easier. Glad to see you have a game plan with SSBO a part of that plan. Good luck on your continued journey.

Good luck to all.

Not all CZ work first time, with this one I took a loss.But more opportunities await, and we'll see what happens as the price breeches break out points again (as shown by arrows)

Just chugging along. Slow and steady wins the race...

I was fortunate to catch that one too. On EU and GU. no point in posing both charts, they look pretty much the same.

Couple of days later and I get a chance to recover the first trade loss...

No reason to close these out just yet...

Annnd out!

Please tell me that wasn't a demo account. You would be my new hero trading 100 lots

Please tell me that wasn't a demo account. You would be my new hero trading 100 lots

I want you to be your own hero. I've done my absolute best over the last 2.5 years to give you guys the tools and the understanding. 7 years ago I was a noob. Today I am not. And I didn't have anyone like me, I did it all on my own. So there's no reason in the world why you can't do the same. Grab those reins and do not let go until you get where you need to be!

hi fxh,

why did you take those trades? they are opposite to the trades that the cz box shows?

lp

dragan

I think he had a box drawn first and took a buy then price came back to the top of the box and went through the top of the box and he just did a reversal trade because this almost always happen!

almost never caught a rabbit