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Trading is as simple as ABCD

  • #2,641
  • Dec 5, 2014 3:47am Dec 5, 2014 3:47am
Quoting cescof
{quote} Sorry for question... but which indi are you using for pivot... With my indi and icmarkests brojer my weekly pivot is 10 pips above and the daily are shifted for a couple of pips.. Do you think it's broker related? Regards
It could be most likely related to the days open. Go to the (superb) higher low lower high thread http://www.forexfactory.com/showthread.php?t=108544 and you'll see a pivots indi on the first page that can adjust the days start time on the first input. So if you want to move the days start to a time you think works better you can.

There are also options to add days open, prev days high/low and some intra day fibs plus a few other goodies. Also there is a pivot point multi time frame that you can use for the W pivots (with mid pivots also).

This 5 min chart clearly shows yet again how prices like the pivots.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY+M5.png Size: 40 KB
  • #2,642
  • Edited 4:06am Dec 5, 2014 3:49am | Edited 4:06am
Jason has sent me a lovely little indicator that I'm looking into but first impressions are its a great little tool used correctly...

Have a look at this Top Trender from todays chart with Jasons indicator on it..

Attached Image (click to enlarge)
Click to Enlarge Name: interesting little new indy.png Size: 68 KB


Ignore the sell entries against the trend but have a look at those 5 buy signals it gives, same old story for me. Indicators work very well on strong trending pairs...end of story...

Now just to prove a point look how wrong it gets it on this other strong trender from this morning GBPCAD ...

Attached Image (click to enlarge)
Click to Enlarge Name: Gets it wrong against the trend...png Size: 69 KB


Again buy signals are great but look at all those sell signals that go awry???

Says it all for me, trade with the trend in fact...

"The Strongest Trends are your Bestest Friends"


You listening Cappers?????

EDIT: Just added this indy to my post but I'm going to ask Ted to look into recoding it a bit so it only posts the buy signals in an uptrend and sell signals in a downtrend might see if he can adjust it to instead of posting a little arrow to actually take a trade or rather a pending order to enter with the trend...
Of course if theres any other coders that can help let me know and I'll try to get hold of the source code..
Attached File(s)
File Type: ex4 Super_Indicator_V2.ex4   6 KB | 532 downloads
Feel the Fear and do it anyway!!!
  • #2,643
  • Dec 5, 2014 4:06am Dec 5, 2014 4:06am
Sorry posted wrong indicator on last post but changed it now....
Feel the Fear and do it anyway!!!
  • #2,644
  • Dec 5, 2014 4:13am Dec 5, 2014 4:13am
Quoting clivepackham
Jason has sent me a lovely little indicator that I'm looking into but first impressions are its a great little tool used correctly... Have a look at this Top Trender from todays chart with Jasons indicator on it.. {image} Ignore the sell entries against the trend but have a look at those 5 buy signals it gives, same old story for me. Indicators work very well on strong trending pairs...end of story... Now just to prove a point look how wrong it gets it on this other strong trender from this morning GBPCAD ... {image} Again buy signals are great...
Thanks for pivot explain.. and if this new indi it' not a repaint one..i think that red arrows in a strong long pair are quite good for the exit...
Attached Image (click to enlarge)
Click to Enlarge Name: Immagine3.png Size: 121 KB
  • #2,645
  • Dec 5, 2014 4:14am Dec 5, 2014 4:14am
today are escaping me all trades. when I look screen movement has already miss AB ... and caught trend ...
  • #2,646
  • Dec 5, 2014 4:23am Dec 5, 2014 4:23am
Cescof, good point that indy does give good exits doesn't it, for scalping each momentum run..and so far I've been watching it and no sign of repainting as its still got those losing sell trades sitting there..

Clipi, know what you mean but that last little indicator posted could be useful on strong trenders like GBPJPY today..

Also GBPJPY is obviously a session runner today and there were some clues earlier which I did pick up on post http://www.forexfactory.com/showthre...95#post7922495 That there was GBP strength across the board on the 1 min TTindy and that the GBPJPY was in the top 3 of both indys 1 and 5 min therefore showing it to be a runner??? Little later it was top of both Indys as per my chart in this post ...http://www.forexfactory.com/showthre...64#post7922564

Attached Image (click to enlarge)
Click to Enlarge Name: Todays runner Londn breakout trade identified early.png Size: 66 KB


And no sign of it letting up yet either..

Well worth looking into going forward plus it started its run from yesterdays low and Daily S1 so is this something to keep an eye on going forward...??




We're getting there....
Feel the Fear and do it anyway!!!
  • #2,647
  • Dec 5, 2014 5:01am Dec 5, 2014 5:01am
Quoting clivepackham
Of course if theres any other coders that can help let me know and I'll try to get hold of the source code.. {file}
Hi Clive

I havent posted here in a long time.

Let me start with congrats

You have really come a long way this year with your method and experience.Very methodical in the way you do things

Would love the source code if you can find it although I think I know what indicator its based on but not 100% sure.If it doesn't repaint then it look pretty damn good although in trading I have learned if it looks to good it normally is

Wish you continued success here and in all other in-devours

Rooi
We miss 100% of the shots we don't take
  • #2,648
  • Dec 5, 2014 5:11am Dec 5, 2014 5:11am
I am going to watch this indicator for a bit, trading with my eyes in the meantime. I bet it repaints. Like Rooi said, it plots these perfectly, which makes me very suspicious. If it doesn't repaint, I want to see if it gives a late signal. We'll see.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #2,649
  • Dec 5, 2014 5:14am Dec 5, 2014 5:14am
Quoting clivepackham
Cescof, good point that indy does give good exits doesn't it, for scalping each momentum run..and so far I've been watching it and no sign of repainting as its still got those losing sell trades sitting there.. Clipi, know what you mean but that last little indicator posted could be useful on strong trenders like GBPJPY today.. Also GBPJPY is obviously a session runner today and there were some clues earlier which I did pick up on post http://www.forexfactory.com/showthre...95#post7922495 That there was GBP strength across...
Haven't downloaded the indi but to a large extent the cci is signalling the same trades it seems. Certainly cci nailed the gj chart you posted.
  • #2,650
  • Dec 5, 2014 5:28am Dec 5, 2014 5:28am
Quoting Rooi
{quote} Hi Clive I havent posted here in a long time. Let me start with congrats You have really come a long way this year with your method and experience.Very methodical in the way you do things Would love the source code if you can find it although I think I know what indicator its based on but not 100% sure.If it doesn't repaint then it look pretty damn good although in trading I have learned if it looks to good it normally is Wish you continued success here and in all other in-devours Rooi
Hi Rooi

Great to see you here, I've been keeping a keen eye on your thread too and you also seem to be making some serious inroads to success. I will post some questions for you on your post later as very interested in your 2/3 trades entered and exit at different times but will ask on your thread...

As for this new indy yep hear what you're saying and guess the only way to answer that one is to trade it going forwards and see what happens, I've been watching it this morning and seems ok although it does repaint if I go up a timeframe and back down again but if I stay on 1 min it seems fine... Time will tell, but like Mr V says my CCI catches most of these signals anyway so looks like most indies are based on similar things...

Keep in touch great to have you around...
Feel the Fear and do it anyway!!!
  • #2,651
  • Dec 5, 2014 5:34am Dec 5, 2014 5:34am
Quoting capstone
I am going to watch this indicator for a bit, trading with my eyes in the meantime. I bet it repaints. Like Rooi said, it plots these perfectly, which makes me very suspicious. If it doesn't repaint, I want to see if it gives a late signal. We'll see.
Hi Cappers

Did you like my post on trend trading as opposed to counter trend??? Just for you that post... Did you see how many times it lost going counter trend??? Compared to how many times it won going with the trend?? Also notice how small any counter tend winners were compared to the size of the with trend winners??? Do you need any more proof my friend????

Anyways the only way to find out about this new indy is to trade it going forward and see what happens, I've seen it post 2 new winners since I've been watching this morning and as long as I keep the chart open it doesn't appear to reprint...

I think the bottom line with all these Indys is that they all work well in strong trending markets, including CCI and this one, thats probably why it looks a bit too good to be true. Its on a strong trender and working really well... Can't over emphasise that enough here its all about strong trenders.....
Feel the Fear and do it anyway!!!
  • #2,652
  • Dec 5, 2014 5:40am Dec 5, 2014 5:40am
I finally caught a good trade ...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM2.png Size: 31 KB
  • #2,653
  • Dec 5, 2014 5:43am Dec 5, 2014 5:43am
Yeah, yeah, yeah....I liked the post. It is not the proof I need, it is the self discipline to resist.

Anyway, I have only seen one signal it missed on GBPUSD 20 minutes ago. You are correct that most of these indicators will signal similar things, because they are all measuring price. It signals well on a range too, as shown in this EURAUD chart from this morning. It marks perfectly on the quarters and mid quarters that Mongolian loves to trade off of.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM1.png Size: 56 KB
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #2,654
  • Dec 5, 2014 6:08am Dec 5, 2014 6:08am
Quoting Vantage
{quote} It could be most likely related to the days open. Go to the (superb) higher low lower high thread http://www.forexfactory.com/showthread.php?t=108544 and you'll see a pivots indi on the first page that can adjust the days start time on the first input. So if you want to move the days start to a time you think works better you can. There are also options to add days open, prev days high/low and some intra day fibs plus a few other goodies. Also there is a pivot point multi time frame that you can use for the W pivots (with mid...
Morning Mr V

I see GBPJPY has been running this morning?? Have you caught any of it?? I certainly haven't so whats all that about??? Perfect top trender on 1 min and 5 min gone nearly 200 pips this morning yet haven't caught a bean??? what the hells going on here???? Lets have a chat about it sometime soon I'm starting to despair over it all....

Anyway on another subject altogether., your pivot indy...

I see theres quite a few pivot indys on your first post which would you recommend for trading around on these 1 minute charts? What time would you use for candle close times?? Can you post the best pivot indy here???

Cheers Mr V.
Feel the Fear and do it anyway!!!
  • #2,655
  • Dec 5, 2014 6:14am Dec 5, 2014 6:14am
Quoting capstone
Yeah, yeah, yeah....I liked the post. It is not the proof I need, it is the self discipline to resist. Anyway, I have only seen one signal it missed on GBPUSD 20 minutes ago. You are correct that most of these indicators will signal similar things, because they are all measuring price. It signals well on a range too, as shown in this EURAUD chart from this morning. It marks perfectly on the quarters and mid quarters that Mongolian loves to trade off of. {image}
Glad you liked my post...becoming a right pain in the arse to you aren't I??? Well I've got news for you I'm here to stay and I'm not going away so you might as well start doing it right....

As for this Indy yep I think its good in a range too, because I think its aimed at rangy charts and probably designed by a counter trend trader which explains why it does so poorly in strong trenders, counter trend signals that is, it does fine with the trend entries.

Yep I was thinking stick it on GBPUSD when its 100lwma is flat and see how it gets on. I bet it would do well.

Looking forward to seeing some of your trend trades next year....
Feel the Fear and do it anyway!!!
  • #2,656
  • Dec 5, 2014 6:35am Dec 5, 2014 6:35am
Quoting clivepackham
{quote} Morning Mr V I see GBPJPY has been running this morning?? Have you caught any of it?? I certainly haven't so whats all that about??? Perfect top trender on 1 min and 5 min gone nearly 200 pips this morning yet haven't caught a bean??? what the hells going on here???? Lets have a chat about it sometime soon I'm starting to despair over it all.... Anyway on another subject altogether., your pivot indy... I see theres quite a few pivot indys on your first post which would you recommend for trading around on these 1 minute charts? What time...
Hi Clive
Basically haven't traded at all this week. Totally snowed under with the move. Getting my head above water slowly but surely. Hoping to be back trading properly on Monday.

Will post the pivot indi's and comments asap.
  • #2,657
  • Dec 5, 2014 6:38am Dec 5, 2014 6:38am
Quoting Vantage
{quote} Hi Clive Basically haven't traded at all this week. Totally snowed under with the move. Getting my head above water slowly but surely. Hoping to be back trading properly on Monday. Will post the pivot indi's and comments asap.

Cheers and when you're free lets have a chat sometime....GBPJPY this morning 526 pips in automatic mode....
Feel the Fear and do it anyway!!!
  • #2,658
  • Dec 5, 2014 6:47am Dec 5, 2014 6:47am
new entry...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM2.png Size: 32 KB
  • #2,659
  • Dec 5, 2014 6:51am Dec 5, 2014 6:51am
Careful Clipi.

Don't forget NFP today so careful taking entries now as notoriously quiet in immediate run up to NFP as all the big boys sit to one side until its over...Mind you look out for a good post news trade sometimes NFP will start a whole new trend off for the month, would be nice to jump on that just after the news and hold...
Feel the Fear and do it anyway!!!
  • #2,660
  • Dec 5, 2014 7:26am Dec 5, 2014 7:26am
Quoting clivepackham
Careful Clipi. Don't forget NFP today so careful taking entries now as notoriously quiet in immediate run up to NFP as all the big boys sit to one side until its over...Mind you look out for a good post news trade sometimes NFP will start a whole new trend off for the month, would be nice to jump on that just after the news and hold...
thank you very much! the entrance was a SL ... done for the day. Now look what happens.
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