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  • #27,201
  • Nov 4, 2013 11:29am Nov 4, 2013 11:29am
Hey guys new here. Like this system as it fits my style and I would like to get input on two trades I am currently in. were these good signals(entries were on the close of the candle confirming TDI cross).

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2013-11-04 at 11.25.45 AM.png Size: 125 KB



Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2013-11-04 at 11.26.06 AM.png Size: 129 KB
The Meek Shall Inherit The Earth...
  • #27,202
  • Nov 4, 2013 11:51am Nov 4, 2013 11:51am
Quoting Erol
{quote} Week 44: Weekend Exercise Hi Emmanuel (thanks for the mental workout :-) ) and all who will read this post, The following post is a brief attempt at the week 44 weekend exercise (Post # 27,179). Firstly, I will conduct a brief synopsis and comparison surrounding the literature on 1) STARC Bands & 2) Bollinger Bands – the focus here will be held on the calculation method and how the indicator is used in the conventional trading literature. Secondly, I will provide some chart examples and highlight some observations I notice keeping all things...

Excelente post Erol, excelente work too.

Thx for your valuable input.

But i must say that your BB looks more like a PAC ( Price Action Channel).

Helee
  • #27,203
  • Nov 4, 2013 11:59am Nov 4, 2013 11:59am
Quoting Helee
{quote} Excelente post Erol, excelente work too. Thx for your valuable input. But i must say that your BB looks more like a PAC ( Price Action Channel). Helee
Hi Helee

Bollinger Bands are there - click on the image and you will see them in dark blue (slightly hard to see)
  • #27,204
  • Nov 4, 2013 12:11pm Nov 4, 2013 12:11pm
Quoting Erol
{quote} Hi Helee Bollinger Bands are there - click on the image and you will see them in dark blue (slightly hard to see)

Yes indeed, they are there but had passed unnoticable.

thank you
  • #27,205
  • Nov 4, 2013 12:30pm Nov 4, 2013 12:30pm
Quoting Erol
Hi all, Please find attached a PDF I had compiled that I thought some members (passive and active) may find useful. This framework (explained and outlined by Emmanuel) is a process in BBP (Big Picture Planning). Essentially one of the ten(10) core skills Emmanuel has outlined...MTFA: {image} This should be an integral part of your trading system not trading strategy...don't know the difference...see below: {image}

thanks so much enrol God will richly bless you and many thanks to emmanuel you are a joy of many generation
there some that generation will bless and you belong to those group and as you make up you mind to give and to help newbie on this forum you will tend upward always and abound in every good thing Amen
great job
  • #27,206
  • Nov 4, 2013 12:34pm Nov 4, 2013 12:34pm
Quoting IBBinary
Hey guys new here. Like this system as it fits my style and I would like to get input on two trades I am currently in. were these good signals(entries were on the close of the candle confirming TDI cross). {image} {image}
Hi IB - what were your reasons for entering these trades? Have you decided on a time-frame you are trading? If your using 1H i suggest you take a look at the PDFs on PHX62 contained in the thread.
  • #27,207
  • Nov 4, 2013 2:19pm Nov 4, 2013 2:19pm
Quoting Erol
{quote} Hi IB - what were your reasons for entering these trades? Have you decided on a time-frame you are trading? If your using 1H i suggest you take a look at the PDFs on PHX62 contained in the thread.

I am wanting to only trade the 1H and 4H time frames. and I took the trades because the TDI crosses/bounces happened below the yellow line(I believe thats the MBL? if im not mistaken).

just wondering where did you download that starc band indicator? iv googled some and they just look like bollinger bands with only 3 lines.
The Meek Shall Inherit The Earth...
  • #27,208
  • Nov 4, 2013 3:05pm Nov 4, 2013 3:05pm
Quoting Erol
Hi all, Please find attached a PDF I had compiled that I thought some members (passive and active) may find useful. This framework (explained and outlined by Emmanuel) is a process in BBP (Big Picture Planning). Essentially one of the ten(10) core skills Emmanuel has outlined...MTFA: {image} This should be an integral part of your trading system not trading strategy...don't know the difference...see below: {image}
thank's erol,great presentation,I hope it can fit my trading style,nice work.
  • #27,209
  • Nov 4, 2013 3:21pm Nov 4, 2013 3:21pm
Erol - tried to download your pdf's (twice). Both times said file was damaged and could not download.
  • #27,210
  • Nov 4, 2013 3:38pm Nov 4, 2013 3:38pm
Well there's nothing more I could say that hasn't already been said. Thanks Erol for clearing that up. I haven't had as much time as I would've liked this weekend due to work, but I'm glad I've heard about this indicator and can now look at it this week.

So far overlooking at the EUR/USD with the 2xATR and 4xATR along with the round number grid it is really interesting to see how often the price respects these lines (add major S/R lines and you're golden). Be it if it ranges between two of them or crosses all of them, even outside the most outer band, just to see it bounce off the round number. So naturally lots of ideas for entering and exiting trades.

I am a novice trader and have yet to read a whole lot more, including this thread, to let everything sink in properly.

Anyway at the moment I prefer to trade H4 with entry stops and TPs, maybe H1 if I have time. With BB I liked the 50 SMA and the outer bands to give me a vague idea of volatility and price position relative to them. Now with STARC the 50 SMA is still there, and the bands themselves aside from volatility, have a more specific use. I'm going to use them this week and see if I can incorporate them better in my plan compared to BB.


PS - to all other novices, regarding setting the multiple ATR bands... Insert indicator with these settings in this order 50, 100, 2.0. Then if you want more bands insert the indicator another time only this time instead of 2.0 type in 4.0. From what I see more isn't needed.
  • #27,211
  • Nov 4, 2013 4:13pm Nov 4, 2013 4:13pm
Not much more I can say but 'Great post'.

Honestly, I just do not have time to add and test all the new potential add-ons.
But reading and gathering as much info here as possible.

Thanks Guys! Trade well



Quoting Erol
{quote} Week 44: Weekend Exercise Hi Emmanuel (thanks for the mental workout :-) ) and all who will read this post, The following post is a brief attempt at the week 44 weekend exercise (Post # 27,179). Firstly, I will conduct a brief synopsis and comparison surrounding the literature on 1) STARC Bands & 2) Bollinger Bands – the focus here will be held on the calculation method and how the indicator is used in the conventional trading literature. Secondly, I will provide some chart examples and highlight some observations I notice keeping all things...
  • #27,212
  • Nov 4, 2013 4:29pm Nov 4, 2013 4:29pm
I was wondering, what pairs do you expert guys trade? like Erol,Phx62,emmanuel, etcs
The Meek Shall Inherit The Earth...
  • #27,213
  • Edited 5:27pm Nov 4, 2013 4:43pm | Edited 5:27pm
For those struggling with where to locate a STARC band indicator on Forex Factory please find the indicator attached:

Attached File(s)
File Type: mq4 ##STARC Bands.mq4   2 KB | 641 downloads


To set the Indicator on your charts follow the below steps:

  1. Download indicator
  2. Place in MT4 indicator folder
  3. Open MT4 or reboot MT4 if open already
  4. Attach STARC Bands to chart
  5. Set STARC Band indicator inputs using the Values (green box)
  6. Change colour depending on your template (blue box)
  7. Repeat steps 4, 5 & 6 but change ATR value to 4.0 for upper/outer bands

Attached Image



Please be advised that the above settings are what I use to plot the STARC bands on 4H charts.

Erol
  • #27,214
  • Edited 5:12pm Nov 4, 2013 4:52pm | Edited 5:12pm
Quoting IBBinary
I was wondering, what pairs do you expert guys trade? like Erol,Phx62,emmanuel, etcs
Hi IB,

By no means am I an expert - I'm still at the early stages of my trading career and like every trader will still be learning for as long as I trade. But I tend to focus on EURxxx and GBPxxx pairs.

I can't speak for Phx62 but I think he focuses on 1 or 2 pairs - check out his posts/PDFs this will give you some insight.

The currency the pairs the founder of the thread (BigE) traded can be discovered by reading the first post in this thread.

If you are at the early stages of learning - some people would advise you to stick to one pair and learn it inside out.

Erol
  • #27,215
  • Nov 4, 2013 4:57pm Nov 4, 2013 4:57pm
Quoting handy148
Erol - tried to download your pdf's (twice). Both times said file was damaged and could not download.
handy,

No idea why this is happening - other people seem to be downloading it ok. The Trading system/strategy PDF can be found on previous posts, check the paper clip function.

Let me know if anyone else is experiencing the same problems and I will upload it again.

Erol
  • #27,216
  • Nov 4, 2013 6:12pm Nov 4, 2013 6:12pm
Would this have been a suitable entry?

Why I took the Trade
1. TDI cross confirmed on close of 2nd HA candle.
2.TDI appears to have flattened out since the oct 31st.
3. Stochs is moving upward from the bottom zone.
4. Decently tight stop below the last swing low

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2013-11-04 at 6.00.48 PM.png Size: 183 KB
The Meek Shall Inherit The Earth...
  • #27,217
  • Edited 6:39pm Nov 4, 2013 6:26pm | Edited 6:39pm
Quoting IBBinary
Would this have been a suitable entry? Why I took the Trade 1. TDI cross confirmed on close of 2nd HA candle. 2.TDI appears to have flattened out since the oct 31st. 3. Stochs is moving upward from the bottom zone. 4. Decently tight stop below the last swing low {image}
Hi IB

Check out the material contained in post 24,104. This should provide you with plenty of answers to your question on suitable entries (click on the quote link)

Quoting Erol
Hi All, Attached is a compilation of posts that focus on Emmanuel's entry examples or replies to other members questions regarding entries using TMS with PASR on H4 Charts. All are sourced from Emmanuel's posts (I'm sure you wont mind Emmanuel ) Once again, please remember these are entry examples and therefore would be a part of your overall trading system. If your unsure of the difference between this fundamental concept see post # 23,294 and remember...this pdf is no excuse to not read the whole thread. You'll get a lot more out of this method...
With some back-testing and having a done a trade plan, you will know when to expect a setup during different market sessions. Most trade setups are good during the London sessions. For AUD & NZD they can occur during the Asian session due to news and data releases. If you really want to look for setups in the Asian session - check out posts on the Tokyo_5H range.
  • #27,218
  • Edited 7:37pm Nov 4, 2013 7:24pm | Edited 7:37pm
Quoting IBBinary
Would this have been a suitable entry? Why I took the Trade 1. TDI cross confirmed on close of 2nd HA candle. 2.TDI appears to have flattened out since the oct 31st. 3. Stochs is moving upward from the bottom zone. 4. Decently tight stop below the last swing low {image}

Hi IBBinary,

While catching up on reading yesterday's posts, I saw your USDCAD H4 trade and if you do not mind that I make my comments here.

This is an interesting setup looking at your entry and I want to share my thoughts on how I read the market on my charts.

Just following strictly TMS basic rules, there is s TDi cross up and the APB/HA changed colour. Look okay, but is it counter trend so I would adopt a 'take and run' when I have some pips in my pocket.

My comments written over your post chart.

Attached Image (click to enlarge)
Click to Enlarge Name: IBBinary H4 UCad H4 trade.png Size: 351 KB


regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #27,219
  • Nov 4, 2013 7:35pm Nov 4, 2013 7:35pm
Quoting Erol
{quote} Week 44: Weekend Exercise Hi Emmanuel (thanks for the mental workout :-) ) and all who will read this post, The following post is a brief attempt at the week 44 weekend exercise (Post # 27,179). Firstly, I will conduct a brief synopsis and comparison surrounding the literature on 1) STARC Bands & 2) Bollinger Bands – the focus here will be held on the calculation method and how the indicator is used in the conventional trading literature. Secondly, I will provide some chart examples and highlight some observations I notice keeping all things...

hi Erol,

An excellent piece of research work done here, and your effort to document these and sharing with other traders here is commedandable.
This is a great learning experience for you and it the same way how had I pushed myself in learning the things I did not know many years ago.
But a word of caution here: there will things we will learn which we should not be used in a live trading system.

Keep up with the learning.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #27,220
  • Nov 4, 2013 8:13pm Nov 4, 2013 8:13pm
GBPUSD week 45 5 Oct Tokyo:

GU 4H is going into a transition phase change of the market type. Can you spot that?

After last week' bearish down move we have to wait and see if it will continue or if there will be a reversal.

Good Trading Folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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