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Rainbow similarity

  • #221
  • Sep 3, 2014 9:55am Sep 3, 2014 9:55am
does someone see a chance?
  • #222
  • Sep 3, 2014 10:25am Sep 3, 2014 10:25am
USD/CAD, for 20 pips UP or more? Tight stop loss 1.0875. And then we should head down, atleast Im imagine that for myself when looking the rainbow
  • #223
  • Sep 3, 2014 10:41am Sep 3, 2014 10:41am
No long yet, still in strong downtrend, and still moving down. Hope you didn't. Wait for a signal. Would have been a good short on that double signal 8 or so hours ago though that big candle would have scared a few peeps.

Not trading it, near my nightly sleep session but if I was I'd be waiting for a pull back and then entering short on the signal. My thoughts anyway.

Ps, copied someone elses trade a couple of day without checking properly, cost me 30 odd, ain't doing that again
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"You know what needs to be addressed , completely completely reverse that".
  • #224
  • Sep 3, 2014 8:30pm Sep 3, 2014 8:30pm
Last night took a last trade on EU.

Result was -100p. Well, I didnt monitor much. When I checked the trade, the CI missing and lost.

When the CI re-appear, I re-took the trade with double up lot, I took back +60p and I exited.
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  • #225
  • Sep 3, 2014 8:49pm Sep 3, 2014 8:49pm
Morning all,

Just got a signal after loading the platform, I find UJ with nice setup. But after a while, you see the CI missing.

How I wish the CI remain there. But anyway, it's kinda usual for a leading indicator.
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  • #226
  • Sep 3, 2014 10:57pm Sep 3, 2014 10:57pm
Just an update on the trade,

The earlier entry was still running after -90p as my SL -100p. Phew.. Lucky me.

There was another signal, at better price so I took another short with double lot. But most probably, I'm converting into
swing trade, as I will be heading out for a nice and favourite lunch. So cant monitor much.

Arious.
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  • #227
  • Sep 4, 2014 12:53am Sep 4, 2014 12:53am
Quoting amilate
Just an update on the trade, The earlier entry was still running after -90p as my SL -100p. Phew.. Lucky me. There was another signal, at better price so I took another short with double lot. But most probably, I'm converting into swing trade, as I will be heading out for a nice and favourite lunch. So cant monitor much. Arious. {image}
I am Not at My trading Station. Cant really help you right now. But others Here may can.
  • #228
  • Sep 4, 2014 1:09am Sep 4, 2014 1:09am
Quoting amilate
Morning all, Just got a signal after loading the platform, I find UJ with nice setup. But after a while, you see the CI missing. How I wish the CI remain there. But anyway, it's kinda usual for a leading indicator. {image} {image}
Not sure this was a valid signal as you had a double CI pointing upwards previously meaning the rainbow is now too weak to continue so your down signal would be a high risk one.
Winners add to winning trades!
  • #229
  • Sep 4, 2014 7:21pm Sep 4, 2014 7:21pm
First trades with this system this morning. I went short GC, short UC and short EA. I moved the stops to zero when they went in my favour and then I went out for the day. I checked my phone later in the afternoon and discovered I was 400 pips to the good. I quickly tightened the stops and ended up with 150 pips on GC, 20 pips on UC and I am still in EA with 225 pips so far. Fantastic result for the first go. I took some screenshots just after I entered.

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  • #230
  • Sep 4, 2014 8:09pm Sep 4, 2014 8:09pm
Has anyone found good settings for any other pairs. I am watching 6 currently with GU and EU using the settings recommended here and just cant seem to see good signals until well after they have occured and ran their course.
Winners add to winning trades!
  • #231
  • Sep 7, 2014 11:52pm Sep 7, 2014 11:52pm
Thanks Jimmy. I figured out why the CI indicator shows different in my
chart. I think I can re-write this so that it don't repaint. I'm still not able to dl the Supdem
and MBFX Timing indicator without the Mq4 though.
I'll post the non- repaint CI when I get the time to fix it.

G
I read and watch to learn.
  • #232
  • Sep 8, 2014 1:04am Sep 8, 2014 1:04am
Quoting Moonie
First trades with this system this morning. I went short GC, short UC and short EA. I moved the stops to zero when they went in my favour and then I went out for the day. I checked my phone later in the afternoon and discovered I was 400 pips to the good. I quickly tightened the stops and ended up with 150 pips on GC, 20 pips on UC and I am still in EA with 225 pips so far. Fantastic result for the first go. I took some screenshots just after I entered. {image} {image} {image}
nice!
  • #233
  • Sep 8, 2014 1:09am Sep 8, 2014 1:09am
Quoting Greenspanke
Thanks Jimmy. I figured out why the CI indicator shows different in my chart. I think I can re-write this so that it don't repaint. I'm still not able to dl the Supdem and MBFX Timing indicator without the Mq4 though. I'll post the non- repaint CI when I get the time to fix it. G
the non repainting CI would be awesome.

im sorry i dont have the mq4. may you have look on the internet?

supdem:
try this one?!
http://www.forexfactory.com/showthre...68#post5585168
  • #234
  • Sep 8, 2014 2:17am Sep 8, 2014 2:17am
I'm still having trouble with timing. I wait for both CIs to point and then for MBFX to show green for long or orange for short in same direction as the CIs. But almost every entry goes against me. So then I only wait for CIs and MBFX to point same direction as rainbow and that is very very rare and even then goes against me.
Winners add to winning trades!
  • #235
  • Sep 8, 2014 5:43am Sep 8, 2014 5:43am
To my understanding one of the main points in the Similarity thread was that one does not trade when the two CIs agree, but when they disagree. In the particular case of the last plot in the post #229, I would personally NOT trade the short GBPCAD on the 2nd September at 8:30, but at cca 11:00 when the upper CI paints a signal and the bottom one doesn't, while the overall trend is down (previously both have agreed on the trend down).

If you are interested, you can to some extent see the problem of repainting if you try the Symphonie Extreme Indicator (which shows some of the repainted peaks as dots, just use the search function of FF and you'll find it) instead of the simple Cycle identifier and you set the large/main cycle to 1. I personally think that the indicator repaints even more than that (put it with some small values on the 1M graph and you'll see what I mean). But this procedure will also tell you that in any case it repaints much more when you are going against the trend...

Cheers,
kprsa
  • #236
  • Edited 9:12pm Sep 8, 2014 8:14pm | Edited 9:12pm
So the rules are to have only taken the short trades below at the red vertical lines?

And do we confirm its the same direction as the 1H charts?
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Winners add to winning trades!
  • #237
  • Sep 9, 2014 2:55am Sep 9, 2014 2:55am
Ok went back and reread the thread for the 5th time and I think I got it sorted now. Found a couple of entries throughout the day and got 4 from 4 and about $400 profit. Happy now

Just gotta test it for a while.
Winners add to winning trades!
  • #238
  • Sep 10, 2014 12:59am Sep 10, 2014 12:59am
just added another indi just to see a possible rainbow reverse. works pretty well! so if it changes his direction against the rainbow, take care!

Heikin ashi is the key.
settings(can be tweaked to your personal best):
2
17
3
2

example:
stop trading at the red cross.
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Attached File(s)
File Type: ex4 Heiken_Ashi_Smoothed.ex4   5 KB | 358 downloads
  • #239
  • Sep 10, 2014 5:46pm Sep 10, 2014 5:46pm
Hang on I thought the other original idea was working very well?

I did notice it does work better after the london open and not so much during asian market.

Is anyone else still testing or using this? I am guessing everyone has gone off to make money from it!

Here's one I took yesterday after UK open. From the Red vertical to the Red vertical. 42 pips profit. I did another earlier in the day during the Asian session and banked 20 pips also. So another 2 from 2 totalling 6 from 6 so far!
Attached Image (click to enlarge)
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Winners add to winning trades!
  • #240
  • Sep 11, 2014 6:29am Sep 11, 2014 6:29am
Quoting marshalmax
Hang on I thought the other original idea was working very well? I did notice it does work better after the london open and not so much during asian market. Is anyone else still testing or using this? I am guessing everyone has gone off to make money from it! Here's one I took yesterday after UK open. From the Red vertical to the Red vertical. 42 pips profit. I did another earlier in the day during the Asian session and banked 20 pips also. So another 2 from 2 totalling 6 from 6 so far! {image}
the HA is just to a possible trend reverse earlier. nothing more. i was tired of the repainting from the CI
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