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Thinking Outside the Box!?!

  • #601
  • Jul 14, 2011 12:29am Jul 14, 2011 12:29am
Quoting ha-pattern
I don't know if you've tried this indicator, which I found here:
Attachment
. I did, on mb trading (nonfixed spread), and it works great for different patterns in the spread. Only catch is, as far as I know, you have to keep the platform open to gather the bars.
For the very little time I've used it, I haven't done the exact measuring, which'd be more like VSA stuff -- I'd only measure price or time exactly, and even then prefer to have a lot of bars / time to look at....
nope haven't. i write my own indi's for things i want. i don't use anyone elses indi's with the exception of hanovers plot news indi and pips4life's p4l clock.

i did a search to try and find the original thread with this indi, and it looks to me like all it does is record the current or max spread per bar. all that is going to tell you is that when news releases the spread widens, and everyone already knows this so it's fairly pointless.

the fluctuations in the spread is unlikely to tell you anything. if it can then that is beyond my small brains capabilities to see. considering i didn't download the indi and haven't used it these are all purely assumptions based on guesses so i'm probably talking crap.
Congratulations ScalaFX for coming out of the closet!
  • #602
  • Oct 10, 2013 4:01am Oct 10, 2013 4:01am
I used to read this thread some years back and it just popped in my head. I'll have to go through it now to see what pearls of trading wisdom I can pick up from it since I'm more "seasoned".
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #603
  • Edited 5:22pm Feb 16, 2016 4:48pm | Edited 5:22pm
Quoting newyear498
I would like to post a thread about thinking outside the box.. I mean honestly.. There must be some great ways to make high probability high profit trades in the forex market that go against the typical trader mindset.. So please bend the rules.. go against the trend.. find some weird patterns or completely insane ideas that just work and we can figure out why they work later. Post your ideas and responses to other traders out of the box methods.. I'll start with some of mine RULE #1: Only comment on other traders "out of the box" ideas in a manner...

I think it is a good time to bring this thread up again.

But this time as a pur technical-out-of-the-box-thread.

It`s not about knowing anything better and we should not start useless discussions about hot air. FF is stuffed with that.

Let`s put together some unusual technical ideas and everybody can pick one or two and add it to trading.

Who knows, maybe we find a few nuggets. After stare 6000 hours at the charts I am still sure there is something great to discover.

So please bring up your ideas, your discovery.

Here we go: (And please remember it is NOT about to know it better, just a observation. Please be open to this.)

Drawing trendlines. We all know how to do it in the "inside the box style"
(Timeframe doesn`t matter.)
Here is a "outside the box" way. Drawing the lines from the lowest close through the close of the 4 bearish candles in this uptrend like in the pic.

Very often to see, is that when the pullback or trendchange begins, the high of the (in that case second bearish candle) touches the last trendline (4) and then goes south.

The 4 trendlines are for illustration, you can move one line of course.

This way of trendline drawing can be a early signal.
Have a look.

Attached Image (click to enlarge)
Click to Enlarge Name: trendline.png Size: 47 KB


This is the M15 of the first chart. White lines are from the H4 uptrend. Black lines are drawn from the lowest close through the close of the bearish candles. The idea is not to draw from low to low and wait for the break of that line.
It is about to get a more early signal as you can see when you compare the black lines and the lime line which is
drawn from low to low.

Attached Image (click to enlarge)
Click to Enlarge Name: trendline3.png Size: 51 KB
  • #604
  • Edited 4:47am Feb 17, 2016 4:19am | Edited 4:47am
Uuuh yeaah

See what I mean ?

Attached Image (click to enlarge)
Click to Enlarge Name: trendline4.png Size: 50 KB


Please read Post 603 because of the "thinking outside the box" trendline technic.

And please bring some ideas. We can put together some nuggets.
  • #605
  • Edited 6:07am Feb 17, 2016 5:41am | Edited 6:07am
I will post some examples of priceaction I often see when I draw trendlines from close to close.

Attached Image (click to enlarge)
Click to Enlarge Name: trendline6.png Size: 46 KB
  • #606
  • Feb 17, 2016 11:19am Feb 17, 2016 11:19am
...

Attached Image (click to enlarge)
Click to Enlarge Name: trendline7.png Size: 49 KB
  • #607
  • Feb 17, 2016 1:35pm Feb 17, 2016 1:35pm
Another one in trenddirection.
Trendline from lowest close to last/actual bearish candle close.
Priceaction did not show a HH after third candle as additional note.

Attached Image (click to enlarge)
Click to Enlarge Name: trendline9.png Size: 42 KB
  • #608
  • Feb 17, 2016 1:44pm Feb 17, 2016 1:44pm
Next one.
Trendline from lowest close to close of the bearish candle which sit on 25 pip grid. (25-pip-grid are often respected by the market.)

After three bullish candles we got a pinbar followed be a spinning top and a LH as an additional note, then
trendlinebreak.

Attached Image (click to enlarge)
Click to Enlarge Name: trendline10.png Size: 46 KB
  • #609
  • Feb 17, 2016 2:28pm Feb 17, 2016 2:28pm
Some other "outside the box" ideas?
Please let us know.
  • #610
  • Edited 3:49pm Feb 17, 2016 3:25pm | Edited 3:49pm
This would have been the perfect setup, but I missed it.

Trendline through the actual / last bearish close in uptrend.
After the beautiful bearish doji the break with retouch (very small wick) and then 125 pips down.

Attached Image (click to enlarge)
Click to Enlarge Name: trendline11.png Size: 47 KB



Explanation starts from post 603
  • #611
  • Feb 18, 2016 10:42am Feb 18, 2016 10:42am
Take a look at another interesting "out of the box" trendline example in the D1.

White line is as we usual draw the line.

Black lines are from highest/lowest close to the (at that time actual close).
Especially check out the pullback how it closes above the line and then goes north.
And how much earlier we could have been in the trade compared to the usual break of the white line.
Two and a half days and 120 pips so to speak.

Interesting too is the end of the uptrend with it`s little retouch of the line (like very often)
and then drops.

Attached Image (click to enlarge)
Click to Enlarge Name: trendline12.png Size: 51 KB
  • #612
  • Feb 18, 2016 3:58pm Feb 18, 2016 3:58pm
Come on guys !!

Nobody with "out of the box ideas" ???
  • #613
  • Feb 18, 2016 6:45pm Feb 18, 2016 6:45pm
Get rid of all charts.

Then you will see the Matrix.
  • #614
  • Feb 18, 2016 7:57pm Feb 18, 2016 7:57pm
You wanna see out of the box.?

Check out KiwiOz's original thread. I have never ever ever seen anyone able to find targets the way he does. This whole forum has overlooked/ ignored this method. Mainly cos most are too lazy to learn. Most want it on a plate & expect glorious results.

Check these 2 before & after charts. Just 2 of many.
Attached Images
Combat crazy markets with crazy trading
  • #615
  • Feb 19, 2016 3:30am Feb 19, 2016 3:30am
Quoting CrazyOz
You wanna see out of the box.? Check out KiwiOz's original thread. I have never ever ever seen anyone able to find targets the way he does. This whole forum has overlooked/ ignored this method. Mainly cos most are too lazy to learn. Most want it on a plate & expect glorious results. Check these 2 before & after charts. Just 2 of many. {image} {image}
7 hrs & no comments. Wonder why. Ohh I remember.....Mainly cos most are too lazy to learn. Most want it on a plate & expect glorious results.
Combat crazy markets with crazy trading
  • #616
  • Feb 19, 2016 4:01am Feb 19, 2016 4:01am
I strongly condemn listing astrology as "outside of the box". It does not get more inside of the box than that.

Astrology is barbaric stupidity and belongs to the medieval age
Price-Action Extremist
  • #617
  • Feb 19, 2016 4:27am Feb 19, 2016 4:27am
Quoting CrazyOz
{quote} 7 hrs & no comments. Wonder why. Ohh I remember.....Mainly cos most are too lazy to learn. Most want it on a plate & expect glorious results.
Hey CrazyOz, thanks for your posts !! Hope we can make this thread moving a bit.

7 hrs & no comments is just why here was night time and I was sleeping.

I will have a closer look at what you posted and come back to you later.

Regards
  • #618
  • Feb 19, 2016 6:36am Feb 19, 2016 6:36am
if price moves 10 from current price buy, stop 30 pips, and again price moves 10 pips again buy stop 30 pips, if price moves again 10 pips again buy book only when stop triggered. Do reverse for sell.
  • #619
  • Feb 19, 2016 9:32am Feb 19, 2016 9:32am
Quoting harrybhullar
if price moves 10 from current price buy, stop 30 pips, and again price moves 10 pips again buy stop 30 pips, if price moves again 10 pips again buy book only when stop triggered. Do reverse for sell.

Hey harrybhullar,

do you mean if price moves 10 pips just from any level (current price) just buy and set a 30 pips stoploss ?
And after another 10 pips move add another buy with a 30 pips stoploss. So on until the 30 pips sl from the last trade
been hit ?
Can you show how you do this way of trading please ?
  • #620
  • Edited 9:50am Feb 19, 2016 9:36am | Edited 9:50am
Quoting CrazyOz
You wanna see out of the box.? Check out KiwiOz's original thread. I have never ever ever seen anyone able to find targets the way he does. This whole forum has overlooked/ ignored this method. Mainly cos most are too lazy to learn. Most want it on a plate & expect glorious results. Check these 2 before & after charts. Just 2 of many. {image} {image}

Hi CrazyOz.
Can you please explain what you learned in detail, maybe with some screenshots ?

Looks like a very interesting "out of the box" way to draw the lines !!

I guess on FF are still a lot of new and experianced traders who are not to lazy to learn
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