Islander and Medici trade the European open | Page 231 | Forex Factory

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Islander and Medici trade the European open

  • #4,601
  • Feb 11, 2014 4:38am Feb 11, 2014 4:38am
Quoting Dr.Scalpall
{quote} I 'upgraded!!!!' to 509 end of last week on alpari uk site. It does have some elements of 600 already in,for example range bar script no longer works doc.
Well, I just tried IBFX and this has 604!

Another system runs 600 and I am missing ticks

This is seriously not good. I am still trying to find a 509 instance....
  • #4,602
  • Feb 11, 2014 7:23am Feb 11, 2014 7:23am
Quoting Dr.Scalpall
{quote} I 'upgraded!!!!' to 509 end of last week on alpari uk site. It does have some elements of 600 already in,for example range bar script no longer works doc.
Try copying over the terminal.exe, Language and Editor....
  • #4,603
  • Feb 11, 2014 7:25am Feb 11, 2014 7:25am
Back online....with MT509

Capt, please feel free to help me to improve the trade for next time.
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  • #4,604
  • Feb 12, 2014 2:51am Feb 12, 2014 2:51am
Quoting figgsey
Back online....with MT509 Capt, please feel free to help me to improve the trade for next time. {image}
please feel free to put on the time lines as I do so that I can actually see your entry and exit......
Trading Levels with WRBs
  • #4,605
  • Feb 12, 2014 6:12am Feb 12, 2014 6:12am
Many thanks - I was hoping for the kind offer. Its the all important entry and exits I need to improve on.

Did you follow Carney's speech?
  • #4,606
  • Feb 12, 2014 6:19am Feb 12, 2014 6:19am
I am yet convinced that I have my final set up for trading off the 1m charts as I am missing the early input that comes from a good divergence indicator.

Some comments in Alien's thread made me look again at his multi ADX window and here I am just using the 11 and 21 periods to check it out.

Also, as you all should have seen, the top line of the G Matrix is the most sensitive - and that is my old favourite William Bauer's Trade Volume Index. What the matrix does not show is HOW the TVI is moving whilst it is above the zero line or below the zero line and thus it is missing a great deal of valuable information.

On cable this morning, the TVI went +ve at 6:50 (4:50 gmt) and remained +ve until 09:20 (7:20 gmt) with its peak at 08:52.....5 bars before the lower peak in the ADXs.....very clear -ve DIVERGENCE and an early warning to watch any long positions carefully. It turned red at 9:15 and hit zero at 9:17 before turning -ve at 9.20, so ~half an hour of warning before the sell off really started.....

During the fall the TVI showed the decreasing momentum before its higher low at at 9:36 confirmed that the move was over and later at 9:50 it went +ve.

Thus I am considering replacing the matrix with just the TVI and will monitor this for a few days before making a decision....comments / thoughts appreciated....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #4,607
  • Feb 12, 2014 8:16am Feb 12, 2014 8:16am
de-cluttered version.....note how first GU turned +ve at 15:23 helping GJ to turn at 15:26 and then UJ joined in at 15:42 leading into the ASC arrow in GJ at 15:46 which gave 39 pips in 20 mins......

Note how the pop-up alert told me to take a look at EJ.....
Attached Image (click to enlarge)
Click to Enlarge Name: feb12 1m multi 1609.png Size: 125 KB
Trading Levels with WRBs
  • #4,608
  • Feb 12, 2014 12:38pm Feb 12, 2014 12:38pm
What the matrix does not show is HOW the TVI is moving whilst it is above the zero line or below the zero line and thus it is missing a great deal of valuable information.

Indeed Islander thats why i am still using it only different settings for me but thats a personal thing.
  • #4,609
  • Feb 12, 2014 1:57pm Feb 12, 2014 1:57pm
I agree, we are already essentially getting all the information we need from the m5 stochs & m1 stochs & PA so I'm not really sure how much more there is to be gained by using the matrix. I use CCI(14) independently anyway. At present on m5 UJ I have CCI & GHL from the matrix but, again, the best information is in the m5/15/30 stochs as far as I'm concerned & I will trade against the matrix, I just have it there to keep the study going for now. On the m1 I have TVI, CCI & GHL but in general I've found that they are all in my favour when I take a trade & at this point not having one is not stopping me entering a trade & has made no difference to my trades anyway so, again, it's just for the purposes of study for now. All the info is in the stochs & the PA & I think ultimately the matrix will be completely phased out for me. CCI14 is great for scalp divergences but you may be after something more solid. Does for me though.
  • #4,610
  • Feb 12, 2014 4:18pm Feb 12, 2014 4:18pm
Quoting Islander
I am yet convinced that I have my final set up for trading off the 1m charts as I am missing the early input that comes from a good divergence indicator. Some comments in Alien's thread made me look again at his multi ADX window and here I am just using the 11 and 21 periods to check it out. Also, as you all should have seen, the top line of the G Matrix is the most sensitive - and that is my old favourite William Bauer's Trade Volume Index. What the matrix does not show is HOW the TVI is moving whilst it is above the zero line or below the zero...
Interesting...

I have been taking another look at the TVI on M15 and drawing trend lines for some time. Shows some real promise.

As for Divergence... have you looked at the Fractal Divergence Indicator?
  • #4,611
  • Feb 12, 2014 5:18pm Feb 12, 2014 5:18pm
Quoting Islander
I am yet convinced that I have my final set up for trading off the 1m charts as I am missing the early input that comes from a good divergence indicator. Some comments in Alien's thread made me look again at his multi ADX window and here I am just using the 11 and 21 periods to check it out. Also, as you all should have seen, the top line of the G Matrix is the most sensitive - and that is my old favourite William Bauer's Trade Volume Index. What the matrix does not show is HOW the TVI is moving whilst it is above the zero line or below the zero...
Hi Islander

Still watching your posts like a hawk for FF and LO trading, so I thought I would delurk myself for a moment since you asked for comments on your new setup. I like divergences as well, draw them all the time using Alien's stochs and RSIOMAs, a really good heads up for a turn. I was just wondering if there was a reason you marked them the way you did on the TVI examples you've shown?

From your latest chart in the MTF stochastic thread I have drawn where I would have put the divs. I would then be looking for a lower high after that as the sign that a reversal may be occurring, which occurs where you draw your div line.

I noticed the same thing in post 4606, you draw your divergence on the lower high rather than the earlier higher high (when the TVi making a lower high).

I like what I'm seeing with the TVI! Cheers
Attached Image (click to enlarge)
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  • #4,612
  • Feb 13, 2014 1:26am Feb 13, 2014 1:26am
Quoting occamsrazors
{quote} Hi Islander Still watching your posts like a hawk for FF and LO trading, so I thought I would delurk myself for a moment since you asked for comments on your new setup. I like divergences as well, draw them all the time using Alien's stochs and RSIOMAs, a really good heads up for a turn. I was just wondering if there was a reason you marked them the way you did on the TVI examples you've shown? From your latest chart in the MTF stochastic thread I have drawn where I would have put the divs. I would then be looking for a lower high after...

GM OR - you are correct, I was hurrying and should have drawn my lines your way .... and often accross the two last Hs / Ls picks out the peak....

Also note that the cross of the TVI on its zero line is very close to the change in slope of the 25ema and that, together with its colour changes make this a three in one indicator and so IMO a valid option to the G Matrix....
Trading Levels with WRBs
  • #4,613
  • Feb 13, 2014 1:44am Feb 13, 2014 1:44am
Quoting Islander
{quote} GM OR - you are correct, I was hurrying and should have drawn my lines your way .... and often accross the two last Hs / Ls picks out the peak.... Also note that the cross of the TVI on its zero line is very close to the change in slope of the 25ema and that, together with its colour changes make this a three in one indicator and so IMO a valid option to the G Matrix....
No probs Islander . Good pick up on the TVI indi and the cross of its zero line and using it for divs, a lot of info in that indi it seems, and as you mentioned in another post...uncluttered
  • #4,614
  • Feb 13, 2014 2:19am Feb 13, 2014 2:19am
Quoting Islander
{quote} GM OR - you are correct, I was hurrying and should have drawn my lines your way .... and often accross the two last Hs / Ls picks out the peak.... Also note that the cross of the TVI on its zero line is very close to the change in slope of the 25ema and that, together with its colour changes make this a three in one indicator and so IMO a valid option to the G Matrix....
TVi divergence, higher low, BBSqueeze, arrow, TVI crosses 0 line, worked a treat today. Only issue was the stochs but they were heading up and M5 about to cross 50.
Attached Image (click to enlarge)
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  • #4,615
  • Feb 13, 2014 2:43am Feb 13, 2014 2:43am
Quoting occamsrazors
{quote} TVi divergence, higher low, BBSqueeze, arrow, TVI crosses 0 line, worked a treat today. Only issue was the stochs but they were heading up and M5 about to cross 50. {image}
Great clear chart that shows up that inverse shampoo etc I was in it too as posted in Rooi's thread....I did have my M15 and M30 stochs already turned up....
Trading Levels with WRBs
  • #4,616
  • Feb 13, 2014 6:00am Feb 13, 2014 6:00am
Quoting occamsrazors
{quote} Hi Islander Still watching your posts like a hawk for FF and LO trading, so I thought I would delurk myself for a moment since you asked for comments on your new setup. I like divergences as well, draw them all the time using Alien's stochs and RSIOMAs, a really good heads up for a turn. I was just wondering if there was a reason you marked them the way you did on the TVI examples you've shown? From your latest chart in the MTF stochastic thread I have drawn where I would have put the divs. I would then be looking for a lower high after...
I am doing likewise with the TVI - drawing trend lines (its trend up/down label tends to be a little flaky)
  • #4,617
  • Feb 13, 2014 8:19am Feb 13, 2014 8:19am
Quoting Islander
de-cluttered version.....note how first GU turned +ve at 15:23 helping GJ to turn at 15:26 and then UJ joined in at 15:42 leading into the ASC arrow in GJ at 15:46 which gave 39 pips in 20 mins...... Note how the pop-up alert told me to take a look at EJ..... {image}
Setup looks real clean now...

How useful is the ASC indi with longer TFs...?
  • #4,618
  • Feb 13, 2014 9:05am Feb 13, 2014 9:05am
Quoting figgsey
{quote} Setup looks real clean now... How useful is the ASC indi with longer TFs...?
I am guessing that you mean this entry.....

GU had a sell signal at 13:49 and later UJ at 14:09 which gave this SS in GJ at 14:10.....exit in a WiderRB with higher volume ~a level.....
Attached Image (click to enlarge)
Click to Enlarge Name: feb13 gj 1m 1501.png Size: 54 KB
Trading Levels with WRBs
  • #4,619
  • Feb 13, 2014 9:26am Feb 13, 2014 9:26am
Quoting Islander
{quote} I am guessing that you mean this entry..... GU had a sell signal at 13:49 and later UJ at 14:09 which gave this SS in GJ at 14:10.....exit in a WiderRB with higher volume ~a level..... {image}
Nice trading Captain.
We miss 100% of the shots we don't take
  • #4,620
  • Feb 13, 2014 9:56am Feb 13, 2014 9:56am
[quote=Rooi;7280078]{quote} Nice trading Captain. [/quote

thanks, there was another one, a buy after UJ signals at 14:34 & 50 with GU at 15:21 & 24 gave ones in GJ at 14:58 / 15:02 & 15:15

Partials at 15:29 / **75 and the remainder aiming for the BRN...and then it will be time for a cold San Miguel......BFN
Trading Levels with WRBs
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