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  • #901
  • Oct 18, 2015 5:01am Oct 18, 2015 5:01am
Rectangle Size Drawdown - Script

Here is a script which show rectangle size in pips. The rectangle is drawn manually all it does is show pips on top of it. The purpose is to analyze draw down after each swing break.
Attached Image (click to enlarge)
Click to Enlarge Name: drawdown.png Size: 34 KB
Attached File(s)
File Type: ex4 object get.ex4   4 KB | 420 downloads
File Type: mq4 object get.mq4   1 KB | 449 downloads
The purpose of knowledge is action, not knowledge
  • #902
  • Oct 18, 2015 7:02am Oct 18, 2015 7:02am
Templates for Average Swing (AVS). Indicators used in this template already posted last week.
Attached Image (click to enlarge)
Click to Enlarge Name: AVS-1.png Size: 56 KB
Attached File(s)
File Type: tpl AVS-W1.tpl   24 KB | 337 downloads
File Type: tpl AVS-D1.tpl   38 KB | 343 downloads
File Type: tpl AVS-H1.tpl   44 KB | 364 downloads
File Type: tpl AVS-H4.tpl   42 KB | 370 downloads
The purpose of knowledge is action, not knowledge
  • #903
  • Oct 18, 2015 2:03pm Oct 18, 2015 2:03pm
Indicators & template for Weekly & Monthly Candle Length.
Attached Image (click to enlarge)
Click to Enlarge Name: CL CHART.png Size: 49 KB
Attached File(s)
File Type: ex4 CandlePipsv1.2.ex4   11 KB | 328 downloads
File Type: ex4 DWMRanges.ex4   11 KB | 319 downloads
File Type: mq4 DWMRanges.mq4   13 KB | 327 downloads
File Type: tpl CL-W1.tpl   33 KB | 316 downloads
File Type: tpl CL-M1.tpl   31 KB | 316 downloads
The purpose of knowledge is action, not knowledge
  • #904
  • Oct 19, 2015 1:49pm Oct 19, 2015 1:49pm
Hey Ali, thanks for the NetDania info last time.

Chess masters quotes are nice reading too.

please see my attached pics (of yours). I marked a red supply that is immediately above the QM level. In my impression, they are often touched, if the lower QM level (of yours) has been FTBed (sometimes, even not FTBed). I myself like watching PA between the QM level and the red box in order to catch an entry.

i'm curious if you prefer setting a pending order at the QM level, or watch PA around it before you enter? Which way you feel more confident?

Quoting alifari
QM H4 - trades opportunities for coming weeks + some past week levels. {image} {image} {image} {image} {image} {image} {image} {image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: QM-28.png Size: 27 KB
Click to Enlarge Name: QM-30.png Size: 25 KB
  • #905
  • Edited 11:02am Oct 20, 2015 10:36am | Edited 11:02am
Quoting charvo
Hey Ali, thanks for the NetDania info last time. Chess masters quotes are nice reading too. please see my attached pics (of yours). I marked a red supply that is immediately above the QM level. In my impression, they are often touched, if the lower QM level (of yours) has been FTBed (sometimes, even not FTBed). I myself like watching PA between the QM level and the red box in order to catch an entry. i'm curious if you prefer setting a pending order at the QM level, or watch PA around it before you enter? Which way you feel more confident? {quote}...
I do independent analysis of each strategy and as such my entries and trade management are according to that specific strategy. If there is a QM level and a supply zone above that level, I would take a QM entry and put my stop loss at a logical level, which in this case would be few pips above supply zone.

If my S&D or FTB analysis confirm the above supply zone as a setup too (on chart 1), I would take second trade and the stop loss would also be few pips above supply zone.

I may adjust my risk accordingly as I know that there are two opportunities on same pair within few pips distance, but each signal is treated as independent.
The purpose of knowledge is action, not knowledge
  • #906
  • Oct 25, 2015 4:26am Oct 25, 2015 4:26am
Chart examples - DRT D1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DRT-19.png Size: 39 KB
Click to Enlarge Name: DRT-17.png Size: 42 KB
Click to Enlarge Name: DRT-18.png Size: 40 KB
The purpose of knowledge is action, not knowledge
  • #907
  • Oct 25, 2015 4:39am Oct 25, 2015 4:39am
Chart examples - FTB M15 & H1 timeframe
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FTB-31.png Size: 42 KB
Click to Enlarge Name: FTB-22.png Size: 45 KB
Click to Enlarge Name: FTB-23.png Size: 40 KB
Click to Enlarge Name: FTB-24.png Size: 41 KB
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Click to Enlarge Name: FTB-26.png Size: 41 KB
Click to Enlarge Name: FTB-27.png Size: 42 KB
Click to Enlarge Name: FTB-28.png Size: 42 KB
Click to Enlarge Name: FTB-29.png Size: 27 KB
Click to Enlarge Name: FTB-30.png Size: 42 KB
The purpose of knowledge is action, not knowledge
  • #908
  • Oct 25, 2015 4:43am Oct 25, 2015 4:43am
More chart examples - FTB M15 & H1 timeframe
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FTB-38.png Size: 44 KB
Click to Enlarge Name: FTB-32.png Size: 42 KB
Click to Enlarge Name: FTB-33.png Size: 39 KB
Click to Enlarge Name: FTB-34.png Size: 37 KB
Click to Enlarge Name: FTB-35.png Size: 42 KB
Click to Enlarge Name: FTB-36.png Size: 42 KB
Click to Enlarge Name: FTB-37.png Size: 45 KB
The purpose of knowledge is action, not knowledge
  • #909
  • Oct 25, 2015 4:48am Oct 25, 2015 4:48am
Chart examples - QM level M15
Attached Image(s) (click to enlarge)
Click to Enlarge Name: QM-43.png Size: 43 KB
Click to Enlarge Name: QM-34.png Size: 42 KB
Click to Enlarge Name: QM-35.png Size: 38 KB
Click to Enlarge Name: QM-36.png Size: 41 KB
Click to Enlarge Name: QM-37.png Size: 41 KB
Click to Enlarge Name: QM-38.png Size: 47 KB
Click to Enlarge Name: QM-39.png Size: 42 KB
Click to Enlarge Name: QM-40.png Size: 45 KB
Click to Enlarge Name: QM-41.png Size: 44 KB
Click to Enlarge Name: QM-42.png Size: 39 KB
The purpose of knowledge is action, not knowledge
  • #910
  • Oct 25, 2015 4:50am Oct 25, 2015 4:50am
More chart examples - QM level M15
Attached Image(s) (click to enlarge)
Click to Enlarge Name: QM-53.png Size: 42 KB
Click to Enlarge Name: QM-44.png Size: 42 KB
Click to Enlarge Name: QM-45.png Size: 39 KB
Click to Enlarge Name: QM-46.png Size: 43 KB
Click to Enlarge Name: QM-47.png Size: 42 KB
Click to Enlarge Name: QM-48.png Size: 26 KB
Click to Enlarge Name: QM-49.png Size: 44 KB
Click to Enlarge Name: QM-50.png Size: 48 KB
Click to Enlarge Name: QM-51.png Size: 45 KB
Click to Enlarge Name: QM-52.png Size: 43 KB
The purpose of knowledge is action, not knowledge
  • #911
  • Oct 25, 2015 4:52am Oct 25, 2015 4:52am
Some more chart examples - QM level M15
Attached Image(s) (click to enlarge)
Click to Enlarge Name: QM-53.png Size: 42 KB
Click to Enlarge Name: QM-54.png Size: 46 KB
Click to Enlarge Name: QM-55.png Size: 39 KB
Click to Enlarge Name: QM-56.png Size: 41 KB
The purpose of knowledge is action, not knowledge
  • #912
  • Edited 10:23am Oct 25, 2015 4:55am | Edited 10:23am
Chart examples - TRL H1 (Trendline)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: TRL-1.png Size: 45 KB
Click to Enlarge Name: TRL-2.png Size: 42 KB
Click to Enlarge Name: TRL-3.png Size: 42 KB
The purpose of knowledge is action, not knowledge
  • #913
  • Oct 25, 2015 5:52am Oct 25, 2015 5:52am
Charles E. Kirk has been involved in the investment world for over 20 years. He is best known as the author of The Kirk Report, an analytical service that also curates important writings in the finance media. In recent years, he has also run an active mentorship program for developing traders and investors. Here is something he shared about his observations and perspectives from his mentorship perch.

Those who have become successful in my experience always have a high level of tenacity. Those who fail, in my experience, do not. It is the one universal element that I have discovered when mentoring others as well as in my own personal experience.

Tenacity is the ability to not give up in spite of difficulty and results from any activity that are not desired. It is the ability to persist with determination toward something tirelessly and with absolute perseverance to the point that failure is not an option. It is the ability live through intense struggle, to see consistently poor results for long periods of time, and in spite of that, still keep learning and improving on working on your trading with tremendous enthusiasm in spite of those results
The purpose of knowledge is action, not knowledge
  • #914
  • Oct 25, 2015 6:11am Oct 25, 2015 6:11am
Some more quotes from Chess Masters

The study of combinations should enrich the analytical spirit of studious amateurs. Thereafter the most gifted among them will be able to catch some sparks of the genius of masters, and in addition some rays of the glory that is the masters. - Eugene Znosko-Borowski

By all means examine the games of the great chess players, but don't swallow them whole. Their games are valuable not for their separate moves, but for their vision of chess, their way of thinking. - Anatoly Karpov

Every month I look through some ten thousand games, so not as to miss any new ideas and trends. - Vladimir Kramnik

From time to time, like many other players, I glance through my own games of earlier years, and return to positions and variations which have gone out of practice. I attempt to restore them, to find new ideas and plans. - Yefim Geller

The beauty of a move lies not in its appearance but in the thought behind it. - Aaron Nimzowitsch

Without error there can be no brilliancy. - Emanuel Lasker
The purpose of knowledge is action, not knowledge
  • #915
  • Oct 25, 2015 8:03am Oct 25, 2015 8:03am
Chart example - 123 Pattern

Added this pattern to my arsenal. Entry would be between 50 to 78% fib retracement instead of waiting for breakout of level 1. It could be touch trade or after confirmation of price action depending on how price is approaching the zone. Stop loss few pips above or below 0 level and take profit at 150% or -50% fib level. Average 2R value.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 123-2.png Size: 44 KB
Click to Enlarge Name: 123-1.png Size: 48 KB
The purpose of knowledge is action, not knowledge
  • #916
  • Oct 25, 2015 8:33am Oct 25, 2015 8:33am
123 patterns occur very often on every time frame. See these charts, both are valid setup as rejections and price action occurred within our zone of interest. Thereafter its all about trade management, as to how one manages a trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 123-4.png Size: 43 KB
Click to Enlarge Name: 123-3.png Size: 42 KB
The purpose of knowledge is action, not knowledge
  • #917
  • Oct 25, 2015 8:38am Oct 25, 2015 8:38am
Some inspirational quotes

If we did all the things we are capable of, we would literally astound ourselves. -Thomas Edison

Look for something positive in each day, even if some days you have to look a little harder.

Everyday is a new day and a second chance.

Don’t let life discourage you; everyone who got where he is had to begin where he was. - Richard L. Evans

We cannot achieve more in life than what we believe in our heart of hearts we deserve to have. - James R. Ball

People tend to regret opportunity loss over loss of capital but there are always more opportunities as long as you haven't lost your capital.

The pair trade that kills more traders than any other: short memory, long leverage.

If you'll not settle for anything less than your best, you will be amazed at what you can accomplish in your lives. - Vince Lombardi

Pressure is something you feel when you don’t know what the hell you’re doing. — Peyton Manning

Once you've accepted your flaws, no one can use them against you.

Success isn't the key to happiness. Happiness is the key to success. If you love what you're doing and you work hard you will be successful.
The purpose of knowledge is action, not knowledge
  • #918
  • Oct 25, 2015 9:17am Oct 25, 2015 9:17am
Chart examples - 123 Pattern - H1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 123-6.png Size: 45 KB
Click to Enlarge Name: 123-5.png Size: 27 KB
Click to Enlarge Name: 123-7.png Size: 43 KB
The purpose of knowledge is action, not knowledge
  • #919
  • Oct 25, 2015 9:58am Oct 25, 2015 9:58am
123 Pattern - Indicators & Template
Attached Image (click to enlarge)
Click to Enlarge Name: 123 IMAGE.png Size: 50 KB
Attached File(s)
File Type: ex4 quick zigzag indi version.ex4   11 KB | 401 downloads
File Type: ex4 FibTool3.ex4   90 KB | 480 downloads
File Type: tpl 123-W1.tpl   7 KB | 392 downloads
File Type: tpl 123-D1.tpl   7 KB | 376 downloads
File Type: tpl 123-H1.tpl   16 KB | 433 downloads
File Type: tpl 123-H4.tpl   8 KB | 392 downloads
File Type: tpl 123-M15.tpl   8 KB | 420 downloads
File Type: ex4 DWMRanges.ex4   11 KB | 455 downloads
The purpose of knowledge is action, not knowledge
  • #920
  • Edited 8:34am Nov 1, 2015 3:46am | Edited 8:34am
Quoting alifari
{quote} I do independent analysis of each strategy and as such my entries and trade management are according to that specific strategy. If there is a QM level and a supply zone above that level, I would take a QM entry and put my stop loss at a logical level, which in this case would be few pips above supply zone. If my S&D or FTB analysis confirm the above supply zone as a setup too (on chart 1), I would take second trade and the stop loss would also be few pips above supply zone. I may adjust my risk accordingly as I know that there are two opportunities...
Here is an example trade, which show two trades taken with different strategy, one was a FTB demand zone and second was a QM level. Stop loss and take profit for both trades were similar as in my view these were logical level where I am expecting opposing reaction.

Edit: Didn't notice it at the time of trade, but it is also a WRT level.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FTB-41.png Size: 24 KB
Click to Enlarge Name: WRT-3A.png Size: 39 KB
The purpose of knowledge is action, not knowledge
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