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  • #7,301
  • Feb 26, 2014 12:43am Feb 26, 2014 12:43am
Quoting irampagemc
Dear indicator gods, Can you please make the current indicator work in such a way that it supports a set number of bars. Currently it's possible to lock the range height, but it doesn't appear to be possible to lock the # of bars. Can anyone modify the indicator to do such a thing? e.g. instead of 20 pips x 10 bars (variable), i want it to be 20 pips (variable) x 10 bars (fixed). Hope this makes sense! Sorry if i sound stupid, i am willing to explain it further
Have you read the thread? Why would you want a set number of bars?
If you are good at something, never do it for free--Joker
  • #7,302
  • Feb 26, 2014 4:47am Feb 26, 2014 4:47am
Quoting irampagemc
Dear indicator gods, Can you please make the current indicator work in such a way that it supports a set number of bars. Currently it's possible to lock the range height, but it doesn't appear to be possible to lock the # of bars. Can anyone modify the indicator to do such a thing? e.g. instead of 20 pips x 10 bars (variable), i want it to be 20 pips (variable) x 10 bars (fixed). Hope this makes sense! Sorry if i sound stupid, i am willing to explain it further
Even if someone was willing to do this for you, what exactly would be the point? In my experience, as each bar continues forms within the CZ, it confirms the consolidation. That is EXACTLY what I am looking for...I want a long CZ and low height.

Given the above, I'm intrigued as to why you would want to curtail this.
  • #7,303
  • Feb 26, 2014 4:55am Feb 26, 2014 4:55am
Following the FXH & FF discussion with interest as I suspect many traders will have the same experiences/conflicts. Personally, I have found trading SSBO to be most effective when I concentrate on the CONSOLIDATION ZONE and nothing else...and I mean NOTHING! I dont follow the news, I dont worry about "dont trade on Fridays" or any such guff. Just a simple..."is there a consolidation zone? Has price broken out according to my rules?"

What this means however, is that I do no analysis prior to or post placing a trade. I dont worry myself with WHY my trade made it or didnt, I only concern myself with following my rules on both SSBO and money management.

In the same vein, I dont believe there is any such thing as a "fakeout". I went through a period of forward testing a TP of just 5 pips and ended up with an extremely high win rate (as one might expect). The R:R of course didnt fit into my personal comfort zone, however, my point here is that what some traders will call a "fakeout" other will call a TP.

Just my two cents...hope it's useful for somebody
  • #7,304
  • Feb 27, 2014 2:19am Feb 27, 2014 2:19am
Hi Zuke,

thanks for your thoughts. This is still my problem. When I have a breakout. Should I take the trade or not? I'am not 100% sure which rules I should use and where to set the TP.
  • #7,305
  • Feb 27, 2014 10:45am Feb 27, 2014 10:45am
Quoting hilavoku
Hi Zuke, thanks for your thoughts. This is still my problem. When I have a breakout. Should I take the trade or not? I'am not 100% sure which rules I should use and where to set the TP.
Have you performed a 100-day forward test with a trading diary?
To improve is to change. To perfect, is to change often.
  • #7,306
  • Feb 27, 2014 11:24am Feb 27, 2014 11:24am
You've got me FH. I did it three/four weeks last year (~12month ago).. Then I had private (family) things on my priority list. Since the last days now I think again about SSBO. You think I need those 100 days? Puuuh. You are the one who should know it.
I will do and hope for the light to come up :-)
  • #7,307
  • Edited 1:44pm Feb 27, 2014 12:38pm | Edited 1:44pm
Quoting hilavoku
You've got me FH. I did it three/four weeks last year (~12month ago).. Then I had private (family) things on my priority list. Since the last days now I think again about SSBO. You think I need those 100 days? Puuuh. You are the one who should know it. I will do and hope for the light to come up :-)
At least you're being honest with me (and yourself), and not trying to make things sound better than they should. It's a really good sign, actually. Many traders can not face facts, and that sort of denial gets them into all kinds of trouble. Like, for instance, not being able to face the reality of losses. That's a biggie!

Fours weeks is not nearly enough. Hell, the 100 days is just a starting point! What's even 200 days when compared to a lifetime career in trading that it lays the foundation for? 60% of one year, and 50 years of professional trading after. Sounds like a great plan to me!

Four weeks will only get you so many CZ's. It's not enough to form a solid foundation that leads into your 2nd 100 days. Think of the 1st 100 as demo time, and the 2nd as live trading. AND KEEP A DIARY, and write EVERYTHING down in it that ever crosses your mind, or that you witness on your charts!!! And read it, and this thread, several times over between now and the end of your 2nd 100-day period. SSBO gives you LOTS of time between CZ's, and also between trades. That's your time to study and evaluate. I swear to you, if you take these steps you will be a different man by the end of the year!
To improve is to change. To perfect, is to change often.
  • #7,308
  • Feb 27, 2014 12:48pm Feb 27, 2014 12:48pm
Thanks for your reply FH. I've read the whole thread last year :-). Must read some parts again I guess.
You are right. Time is running fast and four weeks is nothing compared to all the years coming.
Also thank you for the advises about to writing a diary. Writing thoughts down is surely one of the keys to be more stable in trading SSBO.
I must really say that your post is giving me confidence to go again with SSBO.
Thanks again mate!
  • #7,309
  • Feb 27, 2014 1:43pm Feb 27, 2014 1:43pm
Quoting hilavoku
Thanks for your reply FH. I've read the whole thread last year :-). Must read some parts again I guess. You are right. Time is running fast and four weeks is nothing compared to all the years coming. Also thank you for the advises about to writing a diary. Writing thoughts down is surely one of the keys to be more stable in trading SSBO. I must really say that your post is giving me confidence to go again with SSBO. Thanks again mate!
If you keep this positive attitude I will expect great things to come out of Germany soon!

This thread is nearly 3 years old now (WOW!!!), so try to imagine all the private mail I have received. Let me tell you: The guys that are getting the best results, the real SSBO masters out there that no one hears about because they are keeping to themselves, those guys have read the entire SSBO thread at least 5 times! Some much more than that. And every single one of them have told me that they see something new that they missed the first 4 (or 7) times through! As the OP, I LOVE seeing teachable attitudes, and I despise the un-teachable. Guys who read the entire thread 5 times, they simply can't be un-teachable.

Stay teachable!
To improve is to change. To perfect, is to change often.
  • #7,310
  • Feb 27, 2014 1:55pm Feb 27, 2014 1:55pm
Good words FH. It will be tough and it will take its time. Good to know there are the guys in the background who got it. :-)
  • #7,311
  • Feb 27, 2014 4:50pm Feb 27, 2014 4:50pm
Quoting hilavoku
Good words FH. It will be tough and it will take its time. Good to know there are the guys in the background who got it. :-)
Not just in the background. The thread is full of good traders giving good advice and helping others, not just me alone. But many people want to remain in the background for their own reasons, as I'm sure you can understand. The Forex world is full of superstitions and fallacy and some traders view everyone else as competition, and some people are shy, or just don't like other people. It's been a wild ride hosting this forum, and some days I think I should write a book about this whole experience.
To improve is to change. To perfect, is to change often.
  • #7,312
  • Feb 28, 2014 9:45am Feb 28, 2014 9:45am
http://i35.photobucket.com/albums/d1...at102056AM.png

Thank you fxh and others for helping me achieve at least one forex goal of mine...

profits while I slept!

One shot one kill!
  • #7,313
  • Feb 28, 2014 11:55am Feb 28, 2014 11:55am
This morning as I was scanning for news and entertainment online, I saw this headline: US Economic Growth Rate Revised Down

So I came here to check the FF calendar, and sure enough, there had been a bunch of news releases today, and something about the US Dollar was down, and something about the Euro was up.

But my CZ had started forming yesterday, almost 24 hours ahead of these reports. I didn't even know these reports were scheduled; I haven't checked the news for months, like I was telling Fractal a few days ago.

And as for this breakout specifically, my Long trade opened about 8 bars ahead of the news. By the time the news came about, and everyone else was scrambling to catch the train and suffering from Spread spikes and Slippage, I was already in, already in profit, and had gotten in at a far better price Spread-wise with zero Slippage. In fact, at about the exact time everyone else's oscillators were telling them it was time to enter, I was already hitting my TP. So all of those millions of fresh Buy orders were paying me off as I was exiting. No Slippage in (slow trading hours, low volatility), and no Slippage out (high volatility with everyone wanting to Buy me out and/or my Broker wants my winning position off their books asap. Either one goes to my advantage, regardless.)
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To improve is to change. To perfect, is to change often.
  • #7,314
  • Feb 28, 2014 7:27pm Feb 28, 2014 7:27pm
Quoting forexhard
{quote} At least you're being honest with me (and yourself), and not trying to make things sound better than they should. It's a really good sign, actually. Many traders can not face facts, and that sort of denial gets them into all kinds of trouble. Like, for instance, not being able to face the reality of losses. That's a biggie! Fours weeks is not nearly enough. Hell, the 100 days is just a starting point! What's even 200 days when compared to a lifetime career in trading that it lays the foundation for? 60% of one year, and 50 years of professional...
If I may make a suggestion. This is suggestion is not for newer traders, but if you take all 27 pairs and draw boxes or apply the indi, it will accelerate the learning curve on how the indicator makes the boxes as well as what makes a good CZ.

I get about 5-8 signals per day at a minimum. If you leave your alert box up, you will also see that there are times when the market goes quiet and others when you are getting signals minutes apart.

It's just an idea that worked for me, but I have been trading for awhile. If you are new then I would just focus on one chart until successful.
If you are good at something, never do it for free--Joker
  • #7,315
  • Mar 4, 2014 7:14pm Mar 4, 2014 7:14pm
My first confirmed CZ of the week...
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To improve is to change. To perfect, is to change often.
  • #7,316
  • Mar 4, 2014 9:22pm Mar 4, 2014 9:22pm
I also have a USDJPY ; a USDCHF and a promising EURJPY. Am I right or am I doing something wrong?
  • #7,317
  • Mar 5, 2014 2:21am Mar 5, 2014 2:21am
Quoting alanmatthews
I also have a USDJPY ; a USDCHF and a promising EURJPY. Am I right or am I doing something wrong?
If you have done anything wrong, it is to tell us all where and on what pair you have spotted the CZ's. Take a leaf out of FH's book and tell all that you have spotted a CZ. But leave everyone guessing where !

Metals, Currencies, Indices...... who knows? But they're out there......
  • #7,318
  • Mar 5, 2014 2:44am Mar 5, 2014 2:44am
First of the week for me just completed and on to the second.

Many thanks FH!!!!
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  • #7,319
  • Mar 5, 2014 11:56am Mar 5, 2014 11:56am
Quoting Erinsunc
{quote} If you have done anything wrong, it is to tell us all where and on what pair you have spotted the CZ's. Take a leaf out of FH's book and tell all that you have spotted a CZ....
First of all, you ignorant fucking troll, anyone that has read even just 20 pages of this thread knows that my favorite pairs are. I have been very consistent as to what they are starting at the very first page.

Second, I have given HUNDREDS of live trade examples over the life of this thread. And that doesn't even count the examples given by everyone else.

Third, any TRADER can look at the Price flags on my pics and tell what pair they are looking at. When you see 1.37xx and you DON'T know automatically this is Euro, or that you are even too fucking lazy to open a Euro chart to confirm your suspicions, then it shows me that you don't know fuck about trading and that you are most likely just a fucking broker mole or thread troll. Either way, you don't belong here.
To improve is to change. To perfect, is to change often.
  • #7,320
  • Mar 5, 2014 5:54pm Mar 5, 2014 5:54pm
Thanks FX, every once in a while I forget what I like about you - hard line honesty. Brought a smile on when I read this post.
I make money anywhere in the world by taking orders
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