Islander and Medici trade the European open | Page 228 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Highest Open / Lowest Open Trade 21,151 replies

As complicated as necessary: Highest Open / Lowest Open Trade 861 replies

Getting a handle to open trades in the open trade tab 3 replies

EA to open trade on Next Candle open (help please) 4 replies

Medici trades the London open 435 replies

Attachments: Islander and Medici trade the European open
Exit Attachments

Islander and Medici trade the European open

  • #4,541
  • Jan 24, 2014 8:16am Jan 24, 2014 8:16am
Quoting Sober_Colm
{quote} I've pulled ADX & Adv ADX entirely & the G-Matrix from the 5m chart (& I'm still not 100% on the 1m matrix as I'm using volume & CCI independently anyway). No need for the m5 sto if you're using the m1 RSIoMA (14) as they are essentially the same thing so there's another indy that can be dumped. Definitely agree on cutting down on what you're looking at, God knows we've been through some amount of indy's at this stage! Edit: Here's an example of what my entries look like now. I look at the m15 Drake Delay to tell me which way I should be...

Looks good, I am for lunch right now but later will focus on m1, m5 and m15 as my screens. The challenge for us is how to scan pairs. Do you have any thoughts? A scanner was posted on alien site recently...
  • #4,542
  • Jan 24, 2014 9:49am Jan 24, 2014 9:49am
OK - this is the EJ move and the trade that I took earlier and banked good pips at 9:20 when there was a half hour "rest" - into another BB squeeze with the M5 stoch near its 50 level amd M15 stoch solidly in the sell (OS) zone, telling us to stay with the move. There was another resting / sideways period when the M5 got above its 50 level with M15 still in the sell zone then the matrix & M5 told us to sell again for the last 50 pip fall to the MS 3 level at 139.83 - a real lesson in having faith with the signals to stay in the trade......one for the archives.....
Attached Image (click to enlarge)
Click to Enlarge Name: jan24 gj 1m 1255.png Size: 72 KB
Trading Levels with WRBs
  • #4,543
  • Jan 24, 2014 12:22pm Jan 24, 2014 12:22pm
Quoting figgsey
{quote} Looks good, I am for lunch right now but later will focus on m1, m5 and m15 as my screens. The challenge for us is how to scan pairs. Do you have any thoughts? A scanner was posted on alien site recently...
A correlation scanner...

I can post if requested (assuming the Capt. is Ok with this)

cheers

Woops now attached!
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbph1.png Size: 46 KB
  • #4,544
  • Jan 24, 2014 12:49pm Jan 24, 2014 12:49pm
Quoting Islander
OK - this is the EJ move and the trade that I took earlier and banked good pips at 9:20 when there was a half hour "rest" - into another BB squeeze with the M5 stoch near its 50 level amd M15 stoch solidly in the sell (OS) zone, telling us to stay with the move. There was another resting / sideways period when the M5 got above its 50 level with M15 still in the sell zone then the matrix & M5 told us to sell again for the last 50 pip fall to the MS 3 level at 139.83 - a real lesson in having faith with the signals to stay in the trade......one for...
What EMA params did you settle on PP?

Also, I could do with a little help locating the Ribbon. Mine looks very different and masks over ticks! Ta

Oh, and the middle indicator window is so narrow - I can't make it out with me olde eyes
  • #4,545
  • Edited 8:51am Jan 25, 2014 3:17am | Edited 8:51am
Quoting figgsey
{quote} What EMA params did you settle on PP? Also, I could do with a little help locating the Ribbon. Mine looks very different and masks over ticks! Ta Oh, and the middle indicator window is so narrow - I can't make it out with me olde eyes
EMA 25 with SMA 60......ribbon attached. It is because I only wanted to show 3 out of my 5 indys - its to do with this post in the Ultra thread where Crashout asked about repainting - which I too have noticed....and no problem with your scanner

Hi Crashout

These indicators build the other timeframe internally.

On a standard indicator, MT4 holds the last bar that it received a tick for, because these are specialized it doesn't hold such a value

Therefore if there is a disconnect from the broker (or you are running a lot cpu intensive operations and MT4 can't process all the ticks) a normal indicator can handle this, however as these indicators cannot use the standard recovery options available it can cause the internal data to be corrupted, hence giving invalid values.

At the moment I am trying to think of a solution so that the indicator realizes when it is using corrupted data and automatically perform a refresh, I have an idea for a solution but testing it is proving difficult as I can't get MT4 to cause the corruption when I want.

more later as I have to go and sort out some boat problems....

Edit: as I already know that my CPU gets overloaded, for next week I will takeoff some indys and reduce the number of contracts that I am monitoring etc to see IF this solves the repaint / intermittant lack of data problem.
Attached File(s)
File Type: mq4 MA ribbon filled.mq4   2 KB | 329 downloads
Trading Levels with WRBs
  • #4,546
  • Jan 25, 2014 9:00am Jan 25, 2014 9:00am
This chart shows the minimised / hidden indys on the chart that I posted yesterday, from which I conclude that I can remove the ADX and RSIOMA windows as the M5 & M15 Ultra stochs, with 1m matrix and PVA volume give sufficient information on the 1m TF, so I will do this and test in RT next week and hopefully solve the problem of missing data & repainting....
Attached Image (click to enlarge)
Click to Enlarge Name: jan24 ej 1m 1218 all.png Size: 84 KB
Trading Levels with WRBs
  • #4,547
  • Jan 25, 2014 9:11am Jan 25, 2014 9:11am
Excellent, Islander!

Are you still using the 5min Genesis as confirmation with min of 3 of the 4 bars?
  • #4,548
  • Jan 25, 2014 3:22pm Jan 25, 2014 3:22pm
Quoting Sober_Colm
{quote} I've pulled ADX & Adv ADX entirely & the G-Matrix from the 5m chart (& I'm still not 100% on the 1m matrix as I'm using volume & CCI independently anyway). No need for the m5 sto if you're using the m1 RSIoMA (14) as they are essentially the same thing so there's another indy that can be dumped. Definitely agree on cutting down on what you're looking at, God knows we've been through some amount of indy's at this stage! Edit: Here's an example of what my entries look like now. I look at the m15 Drake Delay to tell me which way I should be...
I have been taking a look at the CCI Trend indicator. Looks useful...

Also, what do you guys make of that real nasty EURUSD m15 up tick on Friday? Caught me out.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.png Size: 42 KB
  • #4,549
  • Jan 25, 2014 3:27pm Jan 25, 2014 3:27pm
Quoting Islander
{quote} EMA 25 with SMA 60......ribbon attached. It is because I only wanted to show 3 out of my 5 indys - its to do with this post in the Ultra thread where Crashout asked about repainting - which I too have noticed....and no problem with your scanner Hi Crashout These indicators build the other timeframe internally. On a standard indicator, MT4 holds the last bar that it received a tick for, because these are specialized it doesn't hold such a value Therefore if there is a disconnect from the broker (or you are running a lot cpu intensive operations...
PP - I am much obliged to you. As ever. Thanks for the Ribbon

My current EMAs are 30 and 150 but I'll take a look at 60

Removing compiled MT4 indicators makes a difference all right.

Good luck at the boat and best weekend to all.
  • #4,550
  • Jan 26, 2014 5:03am Jan 26, 2014 5:03am
Quoting figgsey
{quote} I have been taking a look at the CCI Trend indicator. Looks useful... Also, what do you guys make of that real nasty EURUSD m15 up tick on Friday? Caught me out. {image}

I need to look further at that nasty spike up - its not showing on my 1m EU, just on the 5m /15m.....I-ll at some other brokers charts.....
Trading Levels with WRBs
  • #4,551
  • Jan 26, 2014 1:22pm Jan 26, 2014 1:22pm
Quoting Islander
{quote} I need to look further at that nasty spike up - its not showing on my 1m EU, just on the 5m /15m.....I-ll at some other brokers charts.....
Hmm, yes the spike hit the whole numbers then dropped with a thud.
  • #4,552
  • Jan 27, 2014 7:14am Jan 27, 2014 7:14am
Quoting figgsey
{quote} Hmm, yes the spike hit the whole numbers then dropped with a thud.
I checked my News sites and didn't find anything, so I guess just whipsaws in a very active day....
Trading Levels with WRBs
  • #4,553
  • Jan 27, 2014 10:30am Jan 27, 2014 10:30am
Quoting Islander
{quote} I checked my News sites and didn't find anything, so I guess just whipsaws in a very active day....
Thats my point and I am still trying to figure out - non of my EMAs, and indicators picked it up.

But I did try something very different earlier. I scalped some EURUSD 'pips just looking at M1. What are your thoughts - is this viable or lucky pirating?
  • #4,554
  • Jan 28, 2014 5:50am Jan 28, 2014 5:50am
Posts from ealier in the MTF stochs 1m thread....

Now to try again to get ride of these pesky ads that keep popping up in chrome....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jan28 gj 1m 0837.png Size: 50 KB
Click to Enlarge Name: jan28 ej 1m 0923.png Size: 47 KB
Trading Levels with WRBs
  • #4,555
  • Jan 28, 2014 1:10pm Jan 28, 2014 1:10pm
One trade on GU this morning. USD was flying vs JPY so was waiting for the chance to short EU or GU. The m15 Drake Delay's went short at a similar time so after their initial move down GU was the first to show so I went short. It never made it to s/r as I had hoped so I exited on CCI14 divergence for 10p & head to work. I have pretty much settled on entries & exits at this stage & am still holding the 1m matrix for the time being but will study it in a little more detail but the general idea of lining up the stochs & entering on PA at the cloud looks like it'll do the job for trading the open. Just looking to grab 1 or 2 trades max per day & scalp what I can from them.

Here's today's, from left to right: m15, m5 (m30 stoch on top, m15 stoch on bottom), m1 (Drake Delay in blue, RSIoMA in white, m30 Ultra Stoch in red)
Attached Images
  • #4,556
  • Jan 30, 2014 7:23am Jan 30, 2014 7:23am
Now that I've pretty much settled on my entries & exits I won't post new charts, I might create a journal for that, but I will throw in any observations or ideas I have on the indy's that we've been testing/ using. Most recently I've found that I should just use the Ultra stoch as an indicator of where the actual stoch itself may be going in the case that there is any ambiguity but if the actual stoch is giving an obvious indication (i.e. is sloping at an angle) then I shouldn't fall into the trap of thinking I'll trade with the Ultra. This happened to me yesterday & I got stung for -1p on a GU trade that I shouldn't have entered. All in all though the system that has come together from the 3 Dragons, The GMatrix & Alien's system(s) is definitely useful for scalping &, as I can see from your posts on the MTF thread Islander, is excellent for trading in the short term. Thanks Islander for all your help & ideas over the past months & for your postings on this thread & others.
  • #4,557
  • Jan 31, 2014 3:49am Jan 31, 2014 3:49am
Quoting Sober_Colm
Now that I've pretty much settled on my entries & exits I won't post new charts, I might create a journal for that, but I will throw in any observations or ideas I have on the indy's that we've been testing/ using. Most recently I've found that I should just use the Ultra stoch as an indicator of where the actual stoch itself may be going in the case that there is any ambiguity but if the actual stoch is giving an obvious indication (i.e. is sloping at an angle) then I shouldn't fall into the trap of thinking I'll trade with the Ultra. This happened...

Hi SC

Great that you have now settled on your own set-up

Please do post a few charts here so that we can see how this is working.

Many green pips

Islander
Trading Levels with WRBs
  • #4,558
  • Feb 2, 2014 2:57pm Feb 2, 2014 2:57pm
Evening Capt,

I spent some time sending you my analysis of the USDCAD Friday scalp as promised.

But FF was down and it got lost sods law

Anyhow, in summary this is what happened

USDCAD was trending up prior to NY open
M1 started to trend down - I bought
Ticks/PVA then went bonkers and ramped up. Nice trade in 15M...
I got out when Genesis M5 indi went red

Findings
News event was material possibly.
and
The trend went back down on hitting the whole number - TAH would be happy

So, do do you have any thoughts? Could I have looked at other indi's etc?

Cheers

F
  • #4,559
  • Feb 3, 2014 1:17am Feb 3, 2014 1:17am
Quoting figgsey
Evening Capt, I spent some time sending you my analysis of the USDCAD Friday scalp as promised. But FF was down and it got lost sods law Anyhow, in summary this is what happened USDCAD was trending up prior to NY open M1 started to trend down - I bought Ticks/PVA then went bonkers and ramped up. Nice trade in 15M... I got out when Genesis M5 indi went red Findings News event was material possibly. and The trend went back down on hitting the whole number - TAH would be happy So, do do you have any thoughts? Could I have looked at other indi's...

GM - its always best if you post your chart with annotations of your entry and exit. As it is, I have to guess......and I do not even know which TF you were using, so how can I comment....
Trading Levels with WRBs
  • #4,560
  • Feb 3, 2014 1:22am Feb 3, 2014 1:22am
Today's pre london 3 dragon trade hit my tp of 20 pips on gbp/jpy. Couldn't let it run as i was not on screen so set my tp at 20 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym1.png Size: 43 KB
12 traders viewing now