Trading is as simple as ABCD

just looked thru all my email boxes but no luck

just emailed you again

you didnt attach the fasttmaline indicator to your posting lol
and how do we get the atr indy your using?

Hi honestknave
i am astonished,mostly participant here,behind a badly repainting indicator.and they believes the market price is following this indicator when truth is this that all indicators of world only following price (best way or bad way) when genius peoples are already here,it is a concept or hope,price will be break at outer channel lines,not formula,as price always moves with breathes but nothing can bound the price movement either it will go ahead frequently or get back.there is more to say but let them test their luck or try gambling,also in the whole thread i read up to my approach of limited time,there is no formula for when market is not trending (choppy),it feels they guess market is all time in trend.strange.

Hear what you're saying and you're quite right traders need to be aware of how it works or they could get themselves into a pickle and maybe I should make it a bit clearer how I intend to use it "live" , in fact I think I'll do some videos on it to show everyone exactly what I mean.

The thing to remember is I'm not suggesting for one moment that anyone just jumps on a change of slope or that they hit a trade as soon as price touches one of our outer bands.. Nope I'm not suggesting that at all.. Heres what I'm saying ...

These channels drawn by the TMA lines are very good at indicating zones where we can expect a good reaction/reversal in the 1 minute trend because it maps out for us where the 5 minute, 15 minute and hrly boys are looking to enter the market. Where the channels all meet. That being the case with so many traders supporting the move the theory is that we will get bigger runs so bigger winners..

Now think what has to happen if that does follow through???

The one minute trend must reverse if the support from our 5 min, 15 min and hrly boys is there, therefore the 1 minute channel will turn up or down somewhere around that zone...to confirm the support.

Once the middle channel changes colour I'm then looking for my CCI signals to join the new trend, and trust me if the support is there that middle band will change colour and stay changed if the support is there for the move if not then it won't and we should react accordingly..

So as you can see it doesn't matter that the TMA bands are in exactly the right place as I am only using them as a guide to the area of the chart where we can "expect" a reversal, I'm still waiting for price to confirm it to me before I enter.. Thats what I'm using the middle band for to just "alert" me that a possible reversal is on the cards and to come and have a look at the chart to see where we are in the channels. If in the right place and I get my price action confirmation, I'll trade, if not I won't...

I will say my friend that up to now I am very impressed with the way these channels perform...in real time..

I am very aware of this repainting issue that traders get hung up on but to me its just the way this indy works as its trying to estimate the next extreme of the current move and I'd say its getting it right 70% of the time and its certainly within a 10 pip margin on the 1 minute timeframe constantly unless theres excessive price movement like a news release or speech etc but if we're talking a normal waving price action its pretty dam good at forecasting these extremes...

Just look at this chart which I realise has painted these lines on as price moves but my point is look at the constant width of the channels that price is moving in??? They are almost parallel. Price IS moving within a fairly predictable channel. The yellow channel is a constant width , the white channel a constant width and the green and red channel a constant width the vast majority of the time... therefore we can use these channels to predict a reaction when the extremes of these channels meet up.



But of course you're quite right it will only indicate a "zone" not an exact point (although sometimes its spooky how accurate these TMAs are) so any trader wanting to trade these zones and their extremes has to wait for price to confirm the reaction to the outer bands before entering...

Thats how I'm using these alerts going forward. I get tired of just watching charts waiting for price to come to the right area of the channels for me to trade so far better to have an alert that tells me the 1 minute is turning then I can check that chart to see where it is in the zones and if in the right place I'll wait for my pullback and take my CCI entries...

Anyways great stuff, good to have this exchange as it will help many traders I'm sure to see both points of view and help them to understand how price moves across the page in waves and how we as traders have to wait like preying mantas to jump on our opportunities as they come along. We have to be in sync with the market and move with the market and certainly not against it. As one minute traders trying to enter with as little risk as possible and exit with as much profit as possible we have to have the 5 min. 15 min and hrly traders backing us up...

Tomorrow I will endeavour to record my trading session and post it up here if nothing else it will show us exactly how our TMAs look like when we trade them..

Great stuff Honestknave and thanks again for your awesome work its a great help to everyone...

When they all line up wait for the 1 minute channel to turn your way and Kaboooommmmm!!!



Sorry Jason heres the indy and will post on original post too....

Until traders learn to think outside the box; change default settings of indicators and mess around with them, and stop believing this (indicator) "lagging" concept, they will continue to fail. Every trader needs to find his own path and walk in it. Clive came up with this beautiful and simple illustration of how price moves in ABCD waves and it destroy the lagging theory for ONLY those who can see and read the chart, then turn lagging to leading.

Extract of my posting on this issue on the MADdash thread.


Just my 2 cents and humble opinion.

Shalom

For the avoidance of any confusion: I am merely seeking to help people understand their tools.

It is not for me to say "use this" or "don't use that".

Ordinarily, I sit on the sidelines but I was asked to provide assistance in coding a couple of mods to these tools.
The only points I really wanted to convey were:

1. Be aware that the indicator repaints. What is drawn as 12:00 won't necessarily look the same at 12:15 or 12:30 or 13:00. Therefore be cautious if trying to hindsight trade this indicator after the event.

2. To make this indicator non-repainting changes its very nature. You could well be creating a feathered fish (something that looks like it can swim and fly, but is actually not very good at either).

3. Alerts may appear to be wrong/spurious. This isn't a coding error, it is caused by the repainting.

That's it folks

No worries my friend I know exactly what you mean and very grateful for all your help and comments etc..

Hope I didn't come across as argumentative or ungrateful, as that wasn't they way I wrote it. I was just trying to explain that although it has its shortfalls it still has a useful purpose too...if used properly as zones as opposed to using the TMAs as exact entry points.

Anyway thanks again my friend for your help and very useful information...

I don't know if you mean to be insulting to the participants of this thread or not, so I will give you the benefit of the doubt. I am also giving you the benefit of English clearly not being your native language, so maybe you only sound ignorant in your post, when in fact your are quite intelligent. I will take you line by insulting line of your post and answer your concerns so that even if you were completely ignorant of trading forex you should be able to understand or at least learn that you need to understand a little better.
1> " i am astonished,mostly participant here,behind a badly repainting indicator.and they believes the market price is following this indicator when truth is this that all indicators of world only following price (best way or bad way)"
No one here has ever claimed that the indicator ( I assume you mean the TMA) is moving the market and not the other way around.

2> "when genius peoples are already here,it is a concept or hope,price will be break at outer channel lines,not formula,as price always moves with breathes but nothing can bound the price movement either it will go ahead frequently or get back.there"
just the opposite actually. there is no hope, only a formula. you should understand what this indicator is actually calculating before you speak on it. it makes you seem ignorant otherwise. you should read up on moving averages and understand ATR, more to the point, understand why so many traders have them on their charts.

3> "also in the whole thread i read up to my approach of limited time,there is no formula for when market is not trending (choppy),it feels they guess market is all time in trend.strange."
what kind of formula do you need? how do you define trend ? how do you define ranging? you do realize that this is for a 1min chart, right? do you also realize that we are only looking at strong trending pairs? we don't usually trade a choppy market....do you?

4> "there is more to say but let them test their luck or try gambling"
life is a gamble, kid. you gamble when you leave your house, or eat in bed. luck is always involved when no one is certain of an outcome. the difference is will you know where to draw the lines in the sand for your trading? will you try your luck on another thread?

[quote=XxLessoxX;8373698]{quote} I don't know if you mean to be insulting to the participants of this thread or not, so I will give you the benefit of the doubt. I am also giving you the benefit of English clearly not being your native language, so maybe you only sound ignorant in your post, when in fact your are quite intelligent. I will take you line by insulting line of your post and answer your concerns so that even if you were completely ignorant of trading forex you should be

Well said sir....

Didn,t get half of it, but hey, there's food on the table.
Got my quota for the day....

Just a tip Pipglutton - if you use File > Save As Picture (rather than Print Screen) you don't need to worry about hiding your account number.

No offense taken nor offered Clive - I just felt we were perhaps spiraling off on a tangent through misunderstanding.
Great work on the thread as always

Hello everone

This is very nice i can see that it is really easy to trade but people just complicate stuff and make ot very hard on others to understand but i know some people who dont have any degree what so ever and they are making more money than those who have PHDs so it all depend on how you understand the market and the way you deal with it .

Thanx honestknave..

Good to see me introducing hurst has made a difference to lots....green pips.everyone.

lets.see.if.we can fine tune alerts

Thanks Honestknave know exactly where you're coming from...

I realise we're chopping and changing a bit here every now and again and shooting off on a tangent then coming back to some original ideas but it reminds me of the Guided missile story someone posted up here once, remember it??

Its all about how the guided missile has just one goal to hit its target and invariably it does, but how it does it is the interesting part. It constantly moves off target but realising its error it corrects itself only to wander off the other way but again corrects itself. Now it constantly does this making an error and correcting itself until eventually it achieves its goal and hits its target...

Guess thats what I'm doing here and eventually just like that guided missile I sure as hell am going to hit my target...

Nice one pipsglutton..

I'm starting to realise that we don't have to hit hundred pip runs to achieve our financial goals do we??? Valuable lesson in trading is to take what you need from the market and then call it a day..

Heres a question for you all, we've seen GBP pairs piling up the page all morning but it seems the steam is just starting to drop off a bit so what do we do???

Assume its a lull and the buyers are catching their breathe before pushing on or is it the end of the run and some heavy banking is due so we can expect a reversal at least a 61.8% fib retracement???

many of these charts have blasted through their hrly TMAs so a retracement is well over due....

I didn't get to my charts till mid morning so when I opened up my charts the strongest trenders were all up 100 pips or so and past most of the higher band TMAs so it all looked too risky to jump on board so I didn't, but lo and behold they just kept going...

Its a difficult dilemma with our strong trenders, when is enough a enough ?? When is the trend going to end?? Then another day it won't push much further than 50 pips before turning over..

Anyone any ideas??? Trade the trend until it ends...

Into the pre NYO lull now so will leave well alone unless something sets up perfectly...