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A delicate secret

  • #381
  • Jun 7, 2014 5:58am Jun 7, 2014 5:58am
Quoting aristotel
{quote} but but but... there is no secret anymore. However, be careful!!! I followed the origins of Eurusdd and found that his buddies are still waiting a certain target to be touched. They have been waiting since September 2013. (Now it is clear they are waiting the long term lower target you found on the daily)
Good point. I have no doubt the Euro is headed south in the longer term, but I am not waiting around for it to do so any time soon!

But in the same way we call GBP/USD "Cable", etc, folk are starting to talk about EUR/USD as "Zombie".

It is clearly dead, but still moving .

Best regards,

Old Dog

.
  • #382
  • Jun 7, 2014 6:18am Jun 7, 2014 6:18am
Heads up, everyone!

Please remember we still have the H4 upside target quite near.

This coincides almost exactly with the 61.8% Fib and so could be a player...

Best regards,

Old Dog

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Attached Image (click to enlarge)
Click to Enlarge Name: eurusdd_070.png Size: 49 KB
  • #383
  • Jun 7, 2014 8:46am Jun 7, 2014 8:46am
Are you sure guys that there is something "magic" in this setup ?

The market being hectic, it seems to me that you can imagine any kind of setup and you will notice that the price will "always" come back to whatever level it will define.

For example, just pick up the moving average of your choice and whenever a bar crosses it, you will see that the price comes back to the intersection point with the same probability than EURUSDD setup, giving you the impression that you got an edge. You may find something more complicated using standard deviation than a simple moving average cross, but I just wanted you to get the idea.

The real edge would be to have a time limit, but I couldn't verify EURUSDD statement that it does happen before the bar leaves the screen and I don't see any logic in it either. Maybe I am missing something.

Just my 2 mini pips
  • #384
  • Jun 7, 2014 11:36am Jun 7, 2014 11:36am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting nelsonwalker
Are you sure guys that there is something "magic" in this setup ? The market being hectic, it seems to me that you can imagine any kind of setup and you will notice that the price will "always" come back to whatever level it will define. For example, just pick up the moving average of your choice and whenever a bar crosses it, you will see that the price comes back to the intersection point with the same probability than EURUSDD setup, giving you the impression that you got an edge. You may find something more complicated using standard deviation...
You could well be right...without the time factor guarantee the draw-down could get too much. It only takes one wayward trade to ruin the account.
An expert is a man who has made all the mistakes which can be made
  • #385
  • Jun 7, 2014 11:42am Jun 7, 2014 11:42am
Quoting Old_Dog
Heads up, everyone! Please remember we still have the H4 upside target quite near. This coincides almost exactly with the 61.8% Fib and so could be a player... Best regards, Old Dog . {image}
Hi Old Dog! I read the thread, but i didn't find the indicator in your template "EURUSD A delicate secret indicator". Can you share and post it?
  • #386
  • Jun 7, 2014 1:18pm Jun 7, 2014 1:18pm
Quoting luca1982
{quote} Hi Old Dog! I read the thread, but i didn't find the indicator in your template "EURUSD A delicate secret indicator". Can you share and post it?
That's because he made it himself and didn't share it anywhere. Don't expect to be spoon fed
  • #387
  • Jun 7, 2014 1:33pm Jun 7, 2014 1:33pm
Quoting Pandaz
{quote} That's because he made it himself and didn't share it anywhere. Don't expect to be spoon fed
dear
the problem is that some can not code even if they got the idea
loots of pips to everybody
  • #388
  • Jun 7, 2014 4:11pm Jun 7, 2014 4:11pm
Quoting nelsonwalker
The real edge would be to have a time limit, but I couldn't verify EURUSDD statement that it does happen before the bar leaves the screen and I don't see any logic in it either. Maybe I am missing something. Just my 2 mini pips
I cannot find the number of bars or candles per screen.

Did anyone run optimization?
  • #389
  • Jun 7, 2014 4:13pm Jun 7, 2014 4:13pm
Quoting Pandaz
{quote} That's because he made it himself and didn't share it anywhere. Don't expect to be spoon fed
You will be fairly close using fractals. :nerd:
  • #390
  • Edited 5:15am Jun 8, 2014 4:43am | Edited 5:15am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Neio
{quote} You could well be right...without the time factor guarantee the draw-down could get too much. It only takes one wayward trade to ruin the account.
Further to this...I am yet to see anyone show targets that complete 100% and within a certain time period (i.e before going off the screen).
That is the real secret. Identifying targets is one thing. I agree that most of us could probably find similar levels using different methods.

With that in mind would it not make sense to be open about how we are finding our targets with the view improving and developing the idea to try to solve the time factor?

I know Eurusdd said about keeping things to ourselves and not sharing indicators but I don't believe any of us have found the real secret so far (targets that hit within a set time).

Working together we may have a chance in finding that or maybe it does not even exist. I am not sure exactly what to believe but I have seen many interesting things in threads that Eurusdd and believe there is some truth in it.

What I have seen does not have the time factor and the targets do not always hit but seems to have a high hit rate.
Basically to find targets I look for candles with wicks on both sides. If the candle is bullish I look for the price to return to the high of the candle. If it is bearish then the low of the candle. I know this does not exactly match what Eurusdd highlighted but it something I observed. I know there are a lot of candles like this in every chart but basically I only highlight the ones where price has moved away from for some time and has not yet returned.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.png Size: 15 KB


Interested to hear how others are defining their targets and if anyone has nailed down the time factor (even if they don't want to reveal how)
An expert is a man who has made all the mistakes which can be made
  • #391
  • Jun 8, 2014 4:59am Jun 8, 2014 4:59am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Neio
{quote} Further to this...I am yet to see anyone show targets that complete 100% and within a certain time period (i.e before going off the screen). That is the real secret. Identifying targets is one thing. I agree that most of us could probably find similar levels using different methods. With that in mind would it not make sense to be open about how we are finding our targets with the view improving and developing the idea to try to solve the time factor? I know Eurusdd said about keeping things to ourselves and not sharing indicators but I don't...

As mentioned previously I have no coding skills so am currently drawing the targets manually...but if anyone feels it is worth making an indicator based on the observation above I would be interested to see the results and work with trying to develop any indicator further within this open forum to try and filter out bad targets and targets that do not hit within a certain time.

Maybe a good filter would be that we need to see the same target or level across more than one timeframe?
An expert is a man who has made all the mistakes which can be made
  • #392
  • Jun 8, 2014 5:16am Jun 8, 2014 5:16am
Quoting Neio
{quote} As mentioned previously I have no coding skills so am currently drawing the targets manually...but if anyone feels it is worth making an indicator based on the observation above I would be interested to see the results and work with trying to develop any indicator further within this open forum to try and filter out bad targets and targets that do not hit within a certain time. Maybe a good filter would be that we need to see the same target or level across more than one timeframe?
Feel free to contact me. We will see if something can be done ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #393
  • Jun 8, 2014 5:20am Jun 8, 2014 5:20am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting FerruFx
{quote} Feel free to contact me. We will see if something can be done ...
Many thanks for the kind offer!

If it would not take up too much of your time I would love to have something soon but ultimately I would like to see if anyone else is willing to bring anything to the table to see if this idea can be improved upon.
An expert is a man who has made all the mistakes which can be made
  • #394
  • Jun 8, 2014 5:28am Jun 8, 2014 5:28am
Quoting Neio
{quote} Many thanks for the kind offer! If it would not take up too much of your time I would love to have something soon but ultimately I would like to see if anyone else is willing to bring anything to the table to see if this idea can be improved upon.
Ok ... let me know.
MT4/MT5 EAs/Indicators/Alerts coder
  • #395
  • Jun 8, 2014 5:41am Jun 8, 2014 5:41am
Hi All,
Quoting Nelsonwalker: "Are you sure guys that there is something "magic" in this setup ?
The market being hectic, it seems to me that you can imagine any kind of setup and you will notice that the price will "always" come back to whatever level it will define."
Yes probably true.
Delicate levels for delicate secret. Not sure...
Take care.
Tomcat98
Attached File(s)
File Type: mq4 Delicate_Levels_V1.mq4   4 KB | 1,302 downloads
  • #396
  • Jun 8, 2014 5:56am Jun 8, 2014 5:56am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Tomcat98
Hi All, Quoting Nelsonwalker: "Are you sure guys that there is something "magic" in this setup ? The market being hectic, it seems to me that you can imagine any kind of setup and you will notice that the price will "always" come back to whatever level it will define." Yes probably true. Delicate levels for delicate secret. Not sure... Take care. Tomcat98 {file}
Hi Tomcat98,

Thanks for sharing...how are you defining your levels?

Regards

Neio
An expert is a man who has made all the mistakes which can be made
  • #397
  • Jun 8, 2014 5:59am Jun 8, 2014 5:59am
Quoting Neio
{quote} Hi Tomcat98, Thanks for sharing...how are you defining your levels? Regards Neio
with the opening and closing of the two previous bar, right?
  • #398
  • Jun 8, 2014 6:49am Jun 8, 2014 6:49am
[quote=Neio;7520643]{quote} Further to this...I am yet to see anyone show targets that complete 100% and within a certain time period (i.e before going off the screen). That is the real secret. Identifying targets is one thing.

Having followed Eurusdd's posts for some time now i believe that there is something else involved that guarantees price returns within the chart timeframe. He never lays his ideas out totally, there is always something else to work out, but in this case what? MTF's may hold the key (which he uses) but I cannot get them to work for me despite numerous attempts. As per usual, frustratingly interesting!
  • #399
  • Jun 8, 2014 7:27am Jun 8, 2014 7:27am
Quoting hughmac
Quoting Neio
{quote} Further to this...I am yet to see anyone show targets that complete 100% and within a certain time period (i.e before going off the screen). That is the real secret. Identifying targets is one thing. Having followed Eurusdd's posts for some time now i believe that there is something else involved that guarantees price returns within the chart timeframe. He never lays his ideas out totally, there is always something else to work out, but in this case what? MTF's may hold the key (which he uses) but I cannot get them to
...
There is no such thing as guaranteed outcomes in this market.. Yes, EURUSDD had some good input when it comes to thought processes but talking about guaranteed outcomes by using a single indicator... it doesn't work that way. Its good that this topic is here to discuss things and there is definitely room for improvement/finetuning certain things, but it isnt meant to pursue a holy grail that makes you a billionaire in no-time. There is usefull information to be found in here but for my taste it gets a bit too much hyped..
  • #400
  • Jun 8, 2014 7:51am Jun 8, 2014 7:51am
I've gone back to check my targets on past history and price does seem to hit them. However I've noticed that a few targets are off the screen. But this is very subjective though as one might have zoomed out to show 1000 bars, or zoomed in to show only 30...

For me H4 suits best but you got to be careful of DD. 1M is also good but only for scalps, if you're into that

I'll be experimenting this next week.
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