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  • #921
  • Feb 23, 2016 9:45am Feb 23, 2016 9:45am
Quoting Piquant
My new source of inspiration. Nobuyuki Tsuji born blind started playing piano at 2, a prodigy. If you watch the video from 2:43-2:45 you'll find him looking for the right key. On first glance it looks effortless almost as if his instinct is telling him where to place his fingers. You'd think he must be a genius. He is absolutely no doubt. But I also wondered how much of that instinct has always been there and how much of it developed after years of hard work. https://www.youtube.com/watch?v=r5hZEtB7qdg
amazing.
How did you find out about him?
  • #922
  • Feb 23, 2016 9:47am Feb 23, 2016 9:47am
Hello guys

I was wondering if anyone has coding ability here:

This is an indicator that allerts when a candle is above x pips.
I have added speach functionality.
Can anyone add the ability to choose which time frame the indicator will follow?
For instance I am viewing the 1 hour time frames but I want the indicator to allert me when the 5 minute candle is above x pips.
Thank you
Attached File(s)
File Type: ex4 Candle Pips Alerter SPEECH.ex4   10 KB | 249 downloads
File Type: mq4 Candle Pips Alerter SPEECH.mq4   3 KB | 256 downloads
  • #923
  • Feb 23, 2016 3:25pm Feb 23, 2016 3:25pm
Quoting pulke
Hello guys I was wondering if anyone has coding ability here: This is an indicator that allerts when a candle is above x pips. I have added speach functionality. Can anyone add the ability to choose which time frame the indicator will follow? For instance I am viewing the 1 hour time frames but I want the indicator to allert me when the 5 minute candle is above x pips. Thank you {file} {file}
This is not the right place for requesting such things. Take a look at the following thread.
http://www.forexfactory.com/showthread.php?t=166758
  • #924
  • Feb 23, 2016 5:38pm Feb 23, 2016 5:38pm
Quoting Piquant
My new source of inspiration. Nobuyuki Tsuji born blind started playing piano at 2, a prodigy. If you watch the video from 2:43-2:45 you'll find him looking for the right key. On first glance it looks effortless almost as if his instinct is telling him where to place his fingers. You'd think he must be a genius. He is absolutely no doubt. But I also wondered how much of that instinct has always been there and how much of it developed after years of hard work. https://www.youtube.com/watch?v=r5hZEtB7qdg
Inserted Video
  • #925
  • Feb 23, 2016 9:18pm Feb 23, 2016 9:18pm
Quoting pulke
Hello guys I was wondering if anyone has coding ability here: This is an indicator that allerts when a candle is above x pips. I have added speach functionality. Can anyone add the ability to choose which time frame the indicator will follow? For instance I am viewing the 1 hour time frames but I want the indicator to allert me when the 5 minute candle is above x pips. Thank you {file} {file}
Just for mt4 info, it's not possible to write a condition for a lower TF on the current chart TF, but it's possible to write a condition for a higher TF on the current chart TF, ie. called MTF.
  • #926
  • Edited 8:28am Feb 24, 2016 7:01am | Edited 8:28am
Someone asked to see a screenshot of yesterday's sell off of the poor consumer confidence figures out of the US, so here's a 10m chart, which although I didn't enter the trade on this chart, does show what was happening technically to lead me to believe that we would fall if the data was bad. After the data release, there were about three minutes before the price really fell away, so plenty of time to make the trade.

The main areas of interest on this chart for me are first of all the 100sma which provides resistance for the earlier up move, and then the 200sma which coming over the top of the price before the US data release, acts as a magnet for it by pulling it back up, and you will see the price attracted towards these important moving averages on any time frame and on any indecis or forex pair that you look at.

Then, for me , the next big give away that we may be heading for a down move was the number of long northerly candle stalks, three of them on this 10m chart, and the 5 and 1m put out similarly bearish candles. Forget the 200ema here ( purple/yellow ) as the price has merely been moving around this, but now, with the 200sma above, and plenty of room for the price to move down to the 30m 200ema, this trade is one that should, in an ideal world, have been anticipated, and taken.

ps, There was another example of the price being bought up to a major moving average before being sold again on this morning's Dax right on the London open. If you look at the 30m chart, you'll see the 200ema @ 9,420 coming over the top, in exactly the same way as the 10m 200sma had the day before. I could show literally thousands of examples of the very same pattern being repeated time and time again, with a major moving average like the 100sma/200sma/200ema coming over or under the price which then moves back towards it to give a trade opportunity. Another one I recall from last week's trading was on Friday when the price pulled back aggressively after a strong push down up towards the 30m 100sma which had crossed above, to then fall again. Definitely something to watch out for.
Attached Image (click to enlarge)
Click to Enlarge Name: Germany 30 (DFB).png Size: 53 KB
  • #927
  • Feb 24, 2016 9:04am Feb 24, 2016 9:04am
Projecting the previous post forward, here's a Dow weekly chart. I drew this arrow on Friday, and obviously we've fallen back, but if this major moving average magnet tendency plays out this time, then we should see the Dow pull back towards the 100sma, or to one of the two fib levels I've drawn in. This is a long term view, and a purely technical one, but it will be interesting to see if this plays out over the coming weeks/months. Clearly there is some pretty solid support, so it wouldn't surprise me to see a strong rally before we go lower. Once resistance comes in, then we could see some very heavy selling to take us to much lower levels, but much can happen before then, and much will depend on whether the Federal Reserve continues raising interest rates or not, and even on whether they bring in another round of QE.
Attached Image (click to enlarge)
Click to Enlarge Name: Wall Street (DFB).png Size: 53 KB
  • #928
  • Feb 24, 2016 12:42pm Feb 24, 2016 12:42pm
Don't know if anybody read Part One, but here are parts two and three of the interview with a quantitative portfolio manager:

https://www.quandl.com/blog/intervie...quant-part-two

https://www.quandl.com/blog/intervie...ant-part-three
  • #929
  • Feb 24, 2016 12:43pm Feb 24, 2016 12:43pm
Quoting cat
Projecting the previous post forward, here's a Dow weekly chart. I drew this arrow on Friday, and obviously we've fallen back, but if this major moving average magnet tendency plays out this time, then we should see the Dow pull back towards the 100sma, or to one of the two fib levels I've drawn in. This is a long term view, and a purely technical one, but it will be interesting to see if this plays out over the coming weeks/months. Clearly there is some pretty solid support, so it wouldn't surprise me to see a strong rally before we go lower. Once...
Thanks Cat for your insight. Great stealth!
  • #930
  • Feb 24, 2016 12:53pm Feb 24, 2016 12:53pm
Quoting Alert691
{quote} Thanks Cat for your insight. Great stealth!
You are most welcome!
  • #931
  • Feb 25, 2016 1:54am Feb 25, 2016 1:54am
People are asking why the Dow turned around so suddenly to put in the biggest late rally we've seen this year. To me the answer is a simple one - the H4 200sma, though the strength of the rally could not have been predicted.
Attached Image (click to enlarge)
Click to Enlarge Name: weekly 200sma.png Size: 46 KB
  • #932
  • Feb 25, 2016 2:00am Feb 25, 2016 2:00am
Quoting cat
People are asking why the Dow turned around so suddenly to put in the biggest late rally we've seen this year. To me the answer is a simple one - the H4 200sma, though the strength of the rally could not have been predicted. {image}
Here's another perspective.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-02-25 at 07.58.57.png Size: 69 KB
  • #933
  • Feb 25, 2016 2:08am Feb 25, 2016 2:08am
Quoting medici
{quote} Here's another perspective. {image}
But that line was broken all the way along previously, as was the 100sma before I should add, but I don't see how your level could possibly have given you anything concrete to look at until after support was found.
  • #934
  • Feb 25, 2016 2:35am Feb 25, 2016 2:35am
Quoting cat
I don't see how your level could possibly have given you anything concrete to look at until after support was found.
Same goes for your/any MA.
  • #935
  • Edited 2:57am Feb 25, 2016 2:44am | Edited 2:57am
Quoting medici
{quote} Same goes for your/any MA.
But you haven't even said what your line is? Yours seems to be a random line taken from Jan 10th, when the market stopped falling late on Friday for no apparent reason, and since then, has only been respected twice from what I can see, whereas mine is a moving average, in that particular position for the very first time, but waiting as a clear, easily definable level of support. The line that you have drawn seems to be entirely random, which by the way, is the reason why I personally, never use such horizontal lines of S&R.
  • #936
  • Feb 25, 2016 3:04am Feb 25, 2016 3:04am
Quoting cat
{quote} But you haven't even said what your line is?
You said

Quote
To me the answer is a simple one - the H4 200sma

I could be equally verbose and explanatory and say - it's the 16175 level.

In other words, I think we're both relying on unspoken experience and insight.
  • #937
  • Feb 25, 2016 3:11am Feb 25, 2016 3:11am
Quoting cat
{quote} The line that you have drawn seems to be entirely random, which by the way, is the reason why I personally, never use such horizontal lines of S&R.
May seem random to you, but it isn't to me. Our experience differs. The basics of trading from levels can be found here: http://www.forexfactory.com/showthread.php?t=86429

And it's the way the market works - by limit orders triggered at VWAP levels and horizontal levels. Both have an objective ground in the microstructure of the market. Any time based MA is an approximation.
  • #938
  • Feb 25, 2016 3:17am Feb 25, 2016 3:17am
But the 16175 level has nothing going for it apart from the fact that it was the end of the week, and as I said, it doesn't seem to be any kind of support or resistance beyond a couple of occasions when the price happened to stop there, and another couple when the price turns there or thereabouts. The point is, there was nothing really to go on with that line alone, but combined with the H4 200sma, then it makes all the difference. Therefore I think we both have a credible argument, in that traders should never rely on one level of support such as horizontal lines, but should be looking where others such as moving averages, trend line, fib levels etc also come into play at a certain level. As I've always said, nothing works in isolation, and although I don't use horizontal lines, I would never recommend that people don't use them, only that they don't do so in isolation.
  • #939
  • Feb 25, 2016 3:25am Feb 25, 2016 3:25am
Quoting medici
{quote} May seem random to you, but it isn't to me. Our experience differs. The basics of trading from levels can be found here: http://www.forexfactory.com/showthread.php?t=86429 And it's the way the market works - by limit orders triggered at VWAP levels and horizontal levels. Both have an objective ground in the microstructure of the market. Any time based MA is an approximation.
But it didn't work on that line of yours, only twice before, and again yesterday - a single line, taken from six weeks ago, which has been criss - crossed many times since - how can this alone possibly help anyone in determining if it is going to hold the next time. The 200sma is not like that, it has curled around beneath the price, in that very position for the very first time, and whilst one can never know that it will offer support or not, it is not a level that has been criss-crossed every single day by the price like your line has, it can't have been , because the price was nowhere near it since the 17th of this month.

And by the way, I don't call this verbose, I call it trying to get my point across, something you seem unwilling to do.
  • #940
  • Feb 25, 2016 3:26am Feb 25, 2016 3:26am
Quoting cat
The point is, there was nothing really to go on with that line alone,
How can you make such claims? Is it your way or no way? What you don't understand is wrong or random?

Quote
but combined with the H4 200sma, then it makes all the difference.

I beg to differ.
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