Islander and Medici trade the European open | Page 263 | Forex Factory

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Islander and Medici trade the European open

  • #5,241
  • Jan 14, 2016 1:27am Jan 14, 2016 1:27am
Quoting Sakk
{quote} Hi Islander, I too use VSA and hand drawn supply demand zones, I followed many of your posts on the VSA threads and I have a 1 minute chart that is very much like yours on my other screen for the same reasons.
G'day - the supply / demand zones are new to me and any charts are welcome. I am hoping to get some input from HiddenGap - especially on Dow or Dax as I'm finding so many areas its difficult to know which are valid / useful....and which higher time frame to use

Best

Islander
Trading Levels with WRBs
  • #5,242
  • Jan 14, 2016 3:38am Jan 14, 2016 3:38am
This morning's action so far.....comments from ECB put a rocket up €s ars* - thereby exacerbating Dax's fall.....
Attached Image (click to enlarge)
Click to Enlarge Name: jan14 dax 1m 0933.png Size: 59 KB
Trading Levels with WRBs
  • #5,243
  • Jan 14, 2016 7:28am Jan 14, 2016 7:28am
I haven't posted this version of Stochastics before - its very flexible! - and sorry, I don't post templates, its easy to work out what I'm doing.......assuming you're a seasoned trader
Attached File(s)
File Type: mq4 StochasticColor.mq4   5 KB | 321 downloads
Trading Levels with WRBs
  • #5,244
  • Jan 22, 2016 3:36am Jan 22, 2016 3:36am
The arrows on the attached chart are generated by the Candle Size Alert indicator - attached. They can help in monitoring the PA around turns and with WRB Analysis
Attached Image (click to enlarge)
Click to Enlarge Name: jan22 dax 1m 0928.png Size: 39 KB
Attached File(s)
File Type: ex4 CandleSizeAlert.ex4   4 KB | 333 downloads
Trading Levels with WRBs
  • #5,245
  • Jan 28, 2016 2:40am Jan 28, 2016 2:40am
The action so far.....
Attached Image (click to enlarge)
Click to Enlarge Name: jan28 dax nd dow 1m and renko 0837.png Size: 105 KB
Trading Levels with WRBs
  • #5,246
  • Jan 28, 2016 3:07am Jan 28, 2016 3:07am
Looks nice and smooth with the renko ha. My 5 tick of the same move looks a tad noisier!!, sorry about the scale but that move equates to about 15 yards of screen to the right!!. It does however give plenty of opportunities to re enter for the nervous ones who exit early like me. 9:1 win/loss ratio for me from this morning.

Doc.
Attached Image (click to enlarge)
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  • #5,247
  • Jan 28, 2016 5:59am Jan 28, 2016 5:59am
Quoting Dr.Scalpall
Looks nice and smooth with the renko ha. My 5 tick of the same move looks a tad noisier!!, sorry about the scale but that move equates to about 15 yards of screen to the right!!. It does however give plenty of opportunities to re enter for the nervous ones who exit early like me. 9:1 win/loss ratio for me from this morning. Doc. {image}

Hi Dr S - nice to see you and thanks for your chart

Dax just fell into a hole! Whilst the Renko chart looks great, it lacks the info available from candlesticks.....
Attached Image (click to enlarge)
Click to Enlarge Name: jan28 dax 1m and renko 1153.png Size: 86 KB
Trading Levels with WRBs
  • #5,248
  • Jan 28, 2016 8:18am Jan 28, 2016 8:18am
Someone was asking about Delta Demand / Supply Zones. Here's Hidden Gap's latest post on the subject....

Supply/Demand Delta Zones (aka Entry Signal Zones) are based on WRB Analysis and do differ from traditional Supply/Demand Zones. Although the basic concepts of the Rally Base Rally, Decline Base Decline, Rally Base Decline and Decline Base Rally can be seen. (see chart 1)

These zones are not intended to be "touch" zones. They represent areas, or zones, where there has been a key change in the Supply/Demand Dynamic and therefore are ideal for taking trade signals should an entry signal appear within said zone.

Chart 2 shows a valid Confirmation Entry signal (short). However, a real-time SIM trade was taken long after the appearance of the Valid Bullish Dark Hammer Pattern. This brings to light the notion of "What you want to see; Where you want to see it".

Chart 3 shows a good Rally Base Rally pattern that creates the most recent zone. You can also see that the Supply Zone is closed.

I'm not really saying much here. Please send me another PM if you would like more details.
Attached Images (click to enlarge)
http://www.forexfactory.com/attachme...1&d=1453258363 http://www.forexfactory.com/attachme...1&d=1453258582 http://www.forexfactory.com/attachme...1&d=1453258595
Trading Levels with WRBs
  • #5,249
  • Jan 29, 2016 2:10am Jan 29, 2016 2:10am
Quoting Islander
The arrows on the attached chart are generated by the Candle Size Alert indicator - attached. They can help in monitoring the PA around turns and with WRB Analysis {image} {file}
hello,

can you please give the parameters of your MM and Bollinger ?

Best Regards
  • #5,250
  • Jan 29, 2016 11:19am Jan 29, 2016 11:19am
Quoting Islander
This morning's action so far.....comments from ECB put a rocket up s ars* - thereby exacerbating Dax's fall..... {image}
In that chop on Friday I took a look at your Heiken ashi Renko idea. It has some merit. The 4 point chart would certainly work, A 2 point chart is interesting from the point of view of identifying entries relatively early, particularly using a wave pattern of lows and highs, renkos by their nature reveal these nicely and in today's choppy conditions it would have done well. Utilised with sweetspots key levels and of course higher timeframe candle charts it seems good. I have always avoided HAs as I think you lose too much data - watching actual candles real time is the only way to learn - but now I am getting lazy I may have to try this.

As always the trick is filtering out the dross.
Attached Image (click to enlarge)
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Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #5,251
  • Jan 29, 2016 11:19am Jan 29, 2016 11:19am
Quoting mmisters
{quote} hello, can you please give the parameters of your MM and Bollinger ? Best Regards
I do not use Bollinger Bands and what do you mean by MM?
Trading Levels with WRBs
  • #5,252
  • Jan 29, 2016 1:08pm Jan 29, 2016 1:08pm
Good to see some life on our old thread

Just a couple of comments on chart representations:

The open of the H-A candle is EMA3 of (O + H + L + C)/4. So if, for example, you're using EMA36 as an entry trigger on 5 second charts, that's very similar to using H-A candles on a 3 minute chart. Why take the pain of watching the 5 second chart, then?

I've developed various quantitative entry triggers, to make things objective and somehow statistically accurate. But being a very visual individual, I don't find those quantitatively produced dots very intuitive as entry triggers. So in the end I find myself using H-A on a suitably chosen chart instead.

I struggle with that too, and sometimes switch back to regular candles and some other entry trigger. But then I find myself "reading PA", and being clever about entries. The net result is more stress, and a few trades entered too early with stop-out as a result.

So my conclusion is that H-A is a good solution in the long run.

Renko chart I don't like at all. I prefer range candles, which provide essentially the same filtering but with less loss of information. Have you tried RBs?

Good weekend to all
  • #5,253
  • Jan 29, 2016 2:06pm Jan 29, 2016 2:06pm
Always loved this thread, never knew why its so silent, toptraders in here and most inportant willing to help/share its knowledge.
First post in long time, hope it works ...
Islander posted this week an stochastic indi and together with MACD m5 it looks promising.

Attached Image (click to enlarge)
Click to Enlarge Name: GER30M1 setup.png Size: 98 KB
  • #5,254
  • Feb 2, 2016 3:20am Feb 2, 2016 3:20am
Quoting mmisters
{quote} hello, can you please give the parameters of your MM and Bollinger ? Best Regards
i just would like to know your indicators and their parameters ? is it possible.

Best Regards
  • #5,255
  • Feb 2, 2016 5:01am Feb 2, 2016 5:01am
Quoting medici
Good to see some life on our old thread Just a couple of comments on chart representations: The open of the H-A candle is EMA3 of (O + H + L + C)/4. So if, for example, you're using EMA36 as an entry trigger on 5 second charts, that's very similar to using H-A candles on a 3 minute chart. Why take the pain of watching the 5 second chart, then? I've developed various quantitative entry triggers, to make things objective and somehow statistically accurate. But being a very visual individual, I don't find those quantitatively produced dots very...
Indeed - and if we keep passing by with the odd post I'm certain we can sustain it

I tried 15 second charts and found them too stressful - but then I didn't try with H-A.........and I likewise need visual charts. I did try RBs and will do so again, but as you mentioned regular candles do show things that RBs miss - WRBs and candle patterns being the most obvious.

Now that I've recovered from a nasty bug that laid me low for the last few days I'll post a few charts with different set-ups - a couple from you would also be appreciated
Trading Levels with WRBs
  • #5,256
  • Feb 2, 2016 5:09am Feb 2, 2016 5:09am
Quoting huskyboy
Always loved this thread, never knew why its so silent, toptraders in here and most inportant willing to help/share its knowledge. First post in long time, hope it works ... Islander posted this week an stochastic indi and together with MACD m5 it looks promising. {image}
Glad to see your post and chart - fresh ideas are one reason to keep our thread active

@mmisters - I've posted all of the indicators that I'm using - OK, I put both CII and StochasticColor in the same window - so please do some work yourself to find what settings you find best - and then post a chart or two - that way all followers here benefit Thanks
Trading Levels with WRBs
  • #5,257
  • Feb 2, 2016 5:47am Feb 2, 2016 5:47am
Two Range Bar charts - a 5 pts RB and a 6 pts RB.......I find the difference in the RB charts quite surprising for a 1pt difference......other settings need research to find the best settings...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: feb2 dax 5 rang bar 0917.png Size: 47 KB
Click to Enlarge Name: feb2 dax 6 rng bar 0924.png Size: 58 KB
Click to Enlarge Name: feb2 dax 1m 0919.png Size: 41 KB
Trading Levels with WRBs
  • #5,258
  • Feb 2, 2016 5:59am Feb 2, 2016 5:59am
and candles vs HA.....now what to use for Entry Signals??.......
Attached Image(s) (click to enlarge)
Click to Enlarge Name: feb2 dax 6 RB 1157.png Size: 52 KB
Click to Enlarge Name: feb2 dax 6 RB HA 1157.png Size: 57 KB
Trading Levels with WRBs
  • #5,259
  • Feb 2, 2016 7:22am Feb 2, 2016 7:22am
Quoting Islander
and candles vs HA.....now what to use for Entry Signals??....... {image} {image}
I would first find the proper MA channels, then identify the setups through back-testing visually. After that I'd worry about entry signals.
  • #5,260
  • Feb 2, 2016 7:24am Feb 2, 2016 7:24am
Quoting Islander
Two Range Bar charts - a 5 pts RB and a 6 pts RB.......I find the difference in the RB charts quite surprising for a 1pt difference......other settings need research to find the best settings... {image} {image} {image}
Yes, the difference can be surprising, so it's about finding the range that gives the right balance between filtering out noise while not losing relevant information.
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