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  • #7,601
  • Edited 7:34pm Jan 10, 2016 7:15pm | Edited 7:34pm
"The same behaviour patterns present themselves over and over again, even though the outcome of each individual pattern is random, the outcome of a series of patterns is consistent."
  • #7,602
  • Jan 12, 2016 7:07pm Jan 12, 2016 7:07pm
Latest breakout on XAUUSD - caught it from 1099.51 to 1085.00
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  • #7,603
  • Jan 12, 2016 7:16pm Jan 12, 2016 7:16pm
Possible breakout on EJ
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  • #7,604
  • Jan 14, 2016 6:06am Jan 14, 2016 6:06am
Hello GUYS, firstly i will like to say a big thank you to FH and the countless other gurus that have made tremendous impact to our lives with this strategy. now having red and applied the indicator to my charts, i face i difficult challenge of handling retracments. what i mean is you having prices break out of a CZ and after only about 6 pips out it reverses and hits SL and its some times repeat the same thing on one particular CZ about three times before it finally chooses a direction. now 3 SL on one CZ is alot of loss and i don't mean to be spoon fed but i wouldn't mind someone pointing me a the right direction. about how to handle this dilemma. thanks guys.
  • #7,605
  • Jan 14, 2016 7:40pm Jan 14, 2016 7:40pm
Quoting amoc
Hello GUYS, firstly i will like to say a big thank you to FH and the countless other gurus that have made tremendous impact to our lives with this strategy. now having red and applied the indicator to my charts, i face i difficult challenge of handling retracments. what i mean is you having prices break out of a CZ and after only about 6 pips out it reverses and hits SL and its some times repeat the same thing on one particular CZ about three times before it finally chooses a direction. now 3 SL on one CZ is alot of loss and i don't mean to be spoon...
how you handle losses is up to you. if your looking for a 100% wins, look elsewhere. FH said from the start that he didn't want to talk about MM for obvious reasons. all he did was teach a market edge. how you handle that edge, MM wise, is up to you and everyone does it differently. there isn't a right way or wrong way necessarily, just your way.
  • #7,606
  • Edited 5:54am Jan 15, 2016 3:47am | Edited 5:54am
Quoting amoc
Hello GUYS, firstly i will like to say a big thank you to FH and the countless other gurus that have made tremendous impact to our lives with this strategy. now having red and applied the indicator to my charts, i face i difficult challenge of handling retracments. what i mean is you having prices break out of a CZ and after only about 6 pips out it reverses and hits SL and its some times repeat the same thing on one particular CZ about three times before it finally chooses a direction. now 3 SL on one CZ is alot of loss and i don't mean to be spoon...



Post 2284
Paradox, let's play a game:

I hand you a baseball and I tell you that you must toss it 100 times at a target down the way.

But, it's a weird magical baseball, with strange properties. Because 70 to 80 of those ball tosses are going to reverse direction halfway to the target and come back and hit you right between the eyes. OUCH!!!

You don't know which tosses will do this, but you do know that at least 70 of them will.

So then, how do you prepare for this game? Do you want to get hit between the eyes? What do you do? What do you plan for, and how?..."


If you read the entire thread the above quote, should have popped out to you. Leave the indicator out of the equation until you can manually spot the zones. From your quote i would guess the parameters for what you constitute as a zone are too tight, might want to tweak them a bit more.
  • #7,607
  • Jan 15, 2016 7:53am Jan 15, 2016 7:53am
i am getting this warnings how to solve this any one please help.... just now i am started to read the thread 10 pages crossed.... till now 240 pages are yet to cross
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Success is a Journey Not a Destination....... kind regards ramzam
  • #7,608
  • Jan 15, 2016 12:38pm Jan 15, 2016 12:38pm
Quoting nickp89
Latest breakout on XAUUSD - caught it from 1099.51 to 1085.00 {image}
nick. i am studying your charts and trying to see what your doing. you say your using H4 bars? are you using a fixed height and number of bars to constitute a cz or are you eyeballing it so to speak?
  • #7,609
  • Jan 15, 2016 10:50pm Jan 15, 2016 10:50pm
Quoting greentruck
{quote} nick. i am studying your charts and trying to see what your doing. you say your using H4 bars? are you using a fixed height and number of bars to constitute a cz or are you eyeballing it so to speak?

Yes, using 4H bars and using a fixed height and length for my zones, found for me this worked best. Keep a journal of both types of entries and find what works best for you and build on that.
  • #7,610
  • Jan 16, 2016 6:04am Jan 16, 2016 6:04am
Quoting Tpc23
Appears to me that a nice setup is being identified by sq's indicator. {image}
hello sir
what is your box length and range of that pic u set for in that pic.. may i know that please
Success is a Journey Not a Destination....... kind regards ramzam
  • #7,611
  • Jan 16, 2016 7:04am Jan 16, 2016 7:04am
Quoting JohnnyBSmart
{quote} It is kind of obvious isn't it. The screen shot is a system I started in late 2009 and added Mer's and squalou's boxes from their LO V2 thread. I removed all the S&R stuff from the chart before saving the screen shot. The outer channel is part of the indicator I developed so left that showing. This idea came from another thread although none of the indicator's code is from that thread. Anybody who has studied charts knows what a breakout is and how to trade them. Traders have been drawing lines across the highs and lows for decades and trading...
sir i am also agree.. when rally is more than 300 pips and if we get 30 pips means it make mind to think to for any other method... what is your stair step indi and can you share here ... along with this sqdynamic breakout box indi.. really after 20th page i came to know some more... and grasping with reading is going on...
Success is a Journey Not a Destination....... kind regards ramzam
  • #7,612
  • Jan 16, 2016 9:37am Jan 16, 2016 9:37am
at last after 20 pages ..... i found this great setup... will see from monday how i pick the pips .... will update later ... really thanks a lot for this great team.
i added camarilla indicator for taking profits at res and sup areas
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Success is a Journey Not a Destination....... kind regards ramzam
  • #7,613
  • Jan 16, 2016 2:02pm Jan 16, 2016 2:02pm
Quoting ramzam
at last after 20 pages ..... i found this great setup... will see from monday how i pick the pips .... will update later ... really thanks a lot for this great team. i added camarilla indicator for taking profits at res and sup areas {image}
Start over, follow exactly what the first post says. Leave the indicator out of it for now.
  • #7,614
  • Jan 16, 2016 11:16pm Jan 16, 2016 11:16pm
Quoting nickp89
{quote} Start over, follow exactly what the first post says. Leave the indicator out of it for now.
ok sir i will do it from monday and i will let know here
Success is a Journey Not a Destination....... kind regards ramzam
  • #7,615
  • Jan 17, 2016 8:11am Jan 17, 2016 8:11am
UJ hit TP on friday, still have a portion of the trade open
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  • #7,616
  • Jan 17, 2016 8:14am Jan 17, 2016 8:14am
Still long EJ, considering reducing position size.
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  • #7,617
  • Jan 17, 2016 2:42pm Jan 17, 2016 2:42pm
Updates to the indy and EA here


http://penguintraders.com/forums/topic/stairstep-breakouts-indicator-and-ea/

Solutions ONLY!!!
  • #7,618
  • Jan 17, 2016 2:51pm Jan 17, 2016 2:51pm
Remember that the results shown in the are based on bid prices. You need to get the EA and optimize on it!!!
Solutions ONLY!!!
  • #7,619
  • Jan 17, 2016 4:37pm Jan 17, 2016 4:37pm
"But, understanding what’s going on isn’t that difficult, if you remember that all price movement or lack or movement is a function of the relative balance or imbalance between two primary forces: traders who believe the price is going up, and traders who believe the price is going down. If there’s balance between the two groups, prices will stagnate, because each side will absorb the force of the other side’s actions. If there is an imbalance, prices will move in the direction of the greater force, or the traders who have the stronger convictions in their beliefs about in what direction price is going."
  • #7,620
  • Feb 10, 2016 12:13am Feb 10, 2016 12:13am
Hi Guys,

Greatly admire Squalo’s and Xux99’s work in seeing the indicator through to what it is today.

I prefer using Squalo’s indicator which is on the first page. The same settings on both indicators produce different results.

SO heres the issue- The quick take profit on squalous indicator stays at default, even when you input a take profit figure in it does not change.

Is this a bug with the indicator? Do we have a revised edition? @squalou
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