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  • #341
  • Jan 25, 2016 7:52am Jan 25, 2016 7:52am
Quoting medici
{quote} What do you think?
Perhaps you are right. But I did describe my price action considerations in the original post. I think there can be a lot of arrogance from members of FF, especially when corresponding with those less experienced, however I believe you that that was not the way you meant to come across. Maybe I am over sensitive but I did not really understand what you were talking about when you described your indicators - although I completely understand that you may not want the share them.
Indentify > Plan > Accept > Execute
  • #342
  • Jan 25, 2016 8:27am Jan 25, 2016 8:27am
Quoting wizlon32
{quote} Perhaps you are right. But I did describe my price action considerations in the original post. I think there can be a lot of arrogance from members of FF, especially when corresponding with those less experienced, however I believe you that that was not the way you meant to come across. Maybe I am over sensitive but I did not really understand what you were talking about when you described your indicators - although I completely understand that you may not want the share them.
So from not understanding, and not being inclined to do your own search based on information provided, you concluded that I might be a tad arrogant, whereas my assumption was that I had provided sufficient information for you to figure things out for yourself, should you be interested. Here's a link with indicator in one post, and some trade examples in the posts around it:

http://www.forexfactory.com/showthre...37#post3931637

And if you now do the suggested code substitution, you can evaluate my suggestion for yourself.

Next time, could you ask a question instead of making things personal?

For your benefit, see chart below for the usefulness of the Composite Index.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-01-25 at 16.23.08.png Size: 157 KB
  • #343
  • Jan 25, 2016 8:45am Jan 25, 2016 8:45am
I think Medici and Wizlon have had a simple misunderstanding, it can happen, and has happened between myself and other members from time to time despite good intention.

Yes there is a lot of bravado and ego flaunting here on ff, and I do my best to avoid such threads/people. This thread was designed not to attract such people, and to be a place where people can check in to glean some useful info or knowledge, ask for advice or leave something of their own, and so far it has I believe, worked very well. I personally am always looking to improve and am open to advice or feedback from others on anything I post, so long as it is not criticism for the sake of criticizing as happened with one particular individual a week or so ago who felt like popping in to tell me what a waste of time the whole thread was. That sort of thing is nevcr welcome here.

If I didn't believe I could honestly help others and learn in return, I would never have started this thread, and I believe that every other person who has contributed to it has done so in the same vain.

Let's keep it going. There are bound to be misunderstandings from time to time between people, especially as we are an international bunch of people conversing in one common language, and as an ex English teacher to foreign students, I know how easily misunderstandings can occur. I remember one teenager in my class who wrote an essay full of slang, so I told him not to bastardize the English language. After the lesson he went to the principle to tell her that I had called him a bastard!! I never again used that term in class.
  • #344
  • Jan 25, 2016 8:45am Jan 25, 2016 8:45am
Hi Cat ,


Great thread! I'm subscribed.
You mentioned that you trade 30sec charts. To be honest I'm intrigued. First thought how can anyone possibly make logical trades off of 30sec chart ! Gurus often advice noobs to trade from and stick with 4h and above and anything below is crap. I bought that when I first started but given the volatile nature of this business and my small account and lack of risk management my losses mounted up and up.

After some time though (abt 2 years) got the hang of price movement, correlation and so forth and went down to 30m and 15m. Still on pairs such as EURAUD or GBPNZD even 30m charts seemed not good enough. Went down to 5m. It was hit and miss. Mostly I think because I was so consumed by noise rather than the pattern and the bigger picture I first had in mind. I was also entering on first breakouts I know bad , a very bad entry choice. Unlike how I enter from 30m I usually go on a pullback confirmed by a pattern works for me until the new year came. What happened to the volatility ? No clear trend ? if you were trading from a higher TF you'd be missing out on a lot with equities and oil can't make up their mind goes from one end to the other every 1 hours ! if you entered from 30m more often than not you're up 30-50pips you think its working out give it some time come back and check down to nothing. Markets changed direction again ! And I decided enough is enough. I also have got to get my entries better. I'm glad I stumbled upon you thread at just the right time.

Enough the rant and the question is: I'm looking to trade from 1m chart from tomorrow London or Frankfurt open. I've noticed a lot of moves do occur mostly on EUR and GBP of course. Just went through 1m chart and realised that the pattern I usually trade on 30m is also present on 1m ! what a surprise. If I had taken the signal from 1m I would have ended the day up with little effort instead of down a little. Whats your experience with lower TFs ? I guess I'm trying to convince myself what I had seen on 1m is valid. That a pattern is a pattern, a same pattern can be present across multiple TFs and still as valid.
...
  • #345
  • Jan 25, 2016 9:15am Jan 25, 2016 9:15am
[quote=medici;8710520]{quote} So from not understanding, and not being inclined to do your own search based on information provided, you concluded that I might be a tad arrogant.....

Maybe I will never understand you, but I had decided to help diffuse the situation by accepting your explanation and I will not make comments like this again where you are concerned.

I do like the look of the composite index and I may look in to it, however I think I will struggle where code substituting is concerned and that was what I meant about not understanding. I seen the post when you first showed it here and I did try searching for something similar but to no avail.

Sorry for any offence caused. Sorry Cat for the negative aspect of this discussion in your thread.
Indentify > Plan > Accept > Execute
  • #346
  • Edited 3:32pm Jan 25, 2016 9:45am | Edited 3:32pm
Quoting wizlon32
Quoting medici
{quote} So from not understanding, and not being inclined to do your own search based on information provided, you concluded that I might be a tad arrogant..... Maybe I will never understand you, but I had decided to help diffuse the situation by accepting your explanation and I will not make comments like this again where you are concerned. I do like the look of the composite index and I may look in to it, however I think I will struggle where code substituting is concerned and that was what I meant about not understanding.
...
wiz,

Apologies for my part in this mishap, and feel free to criticize me in the future - I may learn something. So negative feedback is welcome too. And do let me know if there's anything you don't understand - I want to be understood, and I want to be of assistance.

I've made the suggested code substitution (attached). Let me know if it doesn't work, and if it's an improvement on the CI.

Finally, I've spent all of my professional life in environments where bold confidence was the name of the game. So if I express myself in such a way, then that isn't intended as a statement about myself or you as persons. It just means that I feel confident, and that I'm not shy to say so.

Best wishes for your trading, and everything else, and catch you tomorrow

PS: I should also point out a typo earlier. My entry was at 9712 not 9721 - mentioned just for the sake of veracity.
Attached File(s)
File Type: mq4 WIZ.mq4   3 KB | 448 downloads
  • #347
  • Jan 25, 2016 10:17am Jan 25, 2016 10:17am
Quoting medici
{quote}{quote} wiz, Apologies for my part in this mishap, and feel free to criticize me in the future - I may learn something. So negative feedback is welcome too. And do let me know if you don't understand something - I want to be understood, and I want to be of assistance. I've made the suggested code substitution (attached). Let me know if it doesn't work, and if it's an improvement on the CI. Finally, I've spent all of my professional life in environments where bold confidence was the name of the game. So if I express myself in such a way, then...
Medici,
Thank you, that was very kind of you. For some reason though neither the CII from the other thread or the indicator that you posted here work on any of my MT4 platforms.
Indentify > Plan > Accept > Execute
  • #348
  • Jan 25, 2016 10:36am Jan 25, 2016 10:36am
Quoting wizlon32
{quote} Medici, Thank you, that was very kind of you. For some reason though neither the CII from the other thread or the indicator that you posted here work on any of my MT4 platforms.
So I got a CII to work. It was an updated one posted by Islander on the thread linked by Medici. It is very similar to the TDI used by followers of the TMS system.
Attached File(s)
File Type: ex4 CII.ex4   4 KB | 317 downloads
Indentify > Plan > Accept > Execute
  • #349
  • Jan 25, 2016 10:47am Jan 25, 2016 10:47am
Quoting wizlon32
{quote} So I got a CII to work. It was an updated one posted by Islander on the thread linked by Medici. It is very similar to the TDI used by followers of the TMS system. {file}
Well done It is also different from TDI, in that it pinpoints divergences better. CI is also parameter free (change the period and check for yourself, if you like) which means that it's more stable.

And if you have the mq4 code for the updated CII I'd be happy to make the MFI substitution for you.
  • #350
  • Jan 25, 2016 10:56am Jan 25, 2016 10:56am
Quoting medici
{quote} Hello wiz, Sorry to hear that it was taken like that. I didn't know your entry, so I was certainly not pointing out that mine was better. And in sense, later is better, if that's what yours were. And my intended 'value-add' was 1. to point out that over-sold is not a buy signal in itself (and I was unaware of your other indicators and considerations), 2. to suggest possible indicators that might serve you better, having less lag and providing more reliable divergence signals. If it comes across as arrogant that I told you that I use things...
I have not bothered to read subsequent exchanges but I found your original post more than helpful. I avoid debates on this forum because there are a lot of people who are simply into 'dick waving' contest. Please carry on.
None the wiser!
  • #351
  • Jan 25, 2016 10:58am Jan 25, 2016 10:58am
Quoting medici
{quote} Well done It is also different from TDI, in that it pinpoints divergences better. CI is also parameter free (change the period and check for yourself, if you like) which means that it's more stable. And if you have the mq4 code for the updated CII I'd be happy to make the MFI substitution for you.
Unfortunately I only have the EX4 File.
Indentify > Plan > Accept > Execute
  • #352
  • Jan 25, 2016 1:31pm Jan 25, 2016 1:31pm
[quote=Piquant;8710554]Hi Cat , Great thread! I'm subscribed. You mentioned that you trade 30sec charts. To be honest I'm intrigued.multiple TFs and still as valid........

Hi Piquant,

Thanks for your post. i'm reading it fairly late in the evening as I've been away from my desk. I'll get back to you tomorrow if that's okay.
  • #353
  • Jan 26, 2016 1:20am Jan 26, 2016 1:20am
[quote=cat;8711064]
Quoting Piquant
Hi Cat , Great thread! I'm subscribed. You mentioned that you trade 30sec charts. To be honest I'm intrigued.multiple TFs and still as valid........ Hi Piquant, Thanks for your post. i'm reading it fairly late in the evening as I've been away from my desk. I'll get back to you tomorrow if that's okay.
...
  • #354
  • Jan 26, 2016 1:48am Jan 26, 2016 1:48am
Here's a simple trade at 09.12 on the Dax this morning using the 200ema on the 10 second, to show how trades can be captured against the higher time frame momentum. There's a perfect trend line I was able to draw and all I had to do then was pick my moment using candle formation. These candles, marked with the yellow arrows, are what other traders looking to go long would also have been looking out for as the price moved sideways between the trend line and the MA200, and in a set up like this, with the 20 sec and 1m charts also showing bullish momentum, you rarely get these wrong if the timing is right. I exited on the M3 200ema just below 650, only 30 pips, but better than a poke in the eye with a sharp stick!
Attached Image (click to enlarge)
Click to Enlarge Name: Germany 30 (DFB).png Size: 66 KB
  • #355
  • Jan 26, 2016 2:17am Jan 26, 2016 2:17am
EURAUD S 20/100/200 and trend break on 1M. Also AUD looking positive and EUR not so. I have taken this trade and will see how it maps out. My concerns is that 1H is Bullish but let's be patient.

I have found through observation that EURAUD has strong inverse correlation with US30. I don't know much about such relationships. So, I can add no more.
Attached Image (click to enlarge)
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None the wiser!
  • #356
  • Jan 26, 2016 2:21am Jan 26, 2016 2:21am
Quoting cat
Here's a simple trade at 09.12 on the Dax this morning using the 200ema on the 10 second, to show how trades can be captured against the higher time frame momentum. There's a perfect trend line I was able to draw and all I had to do then was pick my moment using candle formation. These candles, marked with the yellow arrows, are what other traders looking to go long would also have been looking out for as the price moved sideways between the trend line and the MA200, and in a set up like this, with the 20 sec and 1m charts also showing bullish momentum,...
Good stuff I like your precision approach.

To me the setup was at 9.07
- MACD divergence
- 2B under 9704, and outside BB. Note the strong bounce previously from 9704
- Touch of EMA200

Then stop entry at 9705 with stop at 9697.

To me that means
- less risk
- higher probability
- more profit

So another way to sharpen the precision.
Attached Image (click to enlarge)
Click to Enlarge Name: Germany 30 (DFB).png Size: 96 KB
  • #357
  • Jan 26, 2016 2:32am Jan 26, 2016 2:32am
Then the same game being played at 9.42 for the ride up to yesterday's close.

Note that MACD didn't show divergence here, but CI did.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-01-26 at 10.31.32.png Size: 122 KB
  • #358
  • Jan 26, 2016 2:50am Jan 26, 2016 2:50am
Quoting medici
{quote} Good stuff I like your precision approach. To me the setup was at 9.07 - MACD divergence - 2B under 9704, and outside BB. Note the strong bounce previously from 9704 - Touch of EMA200 Then stop entry at 9705 with stop at 9697. To me that means - less risk - higher probability - more profit So another way to sharpen the precision. {image}
I see that at 09.07, in fact, the close of the 09.07. 20 candle gave a pretty good buy signal, but for me this is too early, just not enough confirmation. and basically I still had one of my two key MAs above the price, and I needed the lower of the two to get beneath it, which it did for my entry. Yours was coming off the 10sec 200ema, and there was a Doji, plus MACD diversion, so it was a pretty good entry, but not precise enough for me.

The second one I took I took at 09.45.40, again on the 10 sec chart, which was a pull back to support to pull more buyers into the move to take it beyond the initial resistance provided by the 3m 200ema. I exited this one on the 15m 200ema @ 686.

Both these trades were very typical of the trades I take day in day out. Precision is key, which is why I like trading the very small time frames, and putting one's stop beneath the Bollinger, one can get away with a SL of usually between 10-15 pips.
  • #359
  • Jan 26, 2016 2:56am Jan 26, 2016 2:56am
Quoting medici
Then the same game being played at 9.42 for the ride up to yesterday's close. Note that MACD didn't show divergence here, but CI did. {image}
My 20sec MACD showed good diversion from 09.30 to 09.42.
  • #360
  • Jan 26, 2016 3:00am Jan 26, 2016 3:00am
The Dax H1 200ema is at 9,707 on my charts, with the Daily pivot just above at 9,725, so this may well offer some powerful resistance for today?
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