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Quantum Super Channel

  • #301
  • Apr 29, 2016 5:01am Apr 29, 2016 5:01am
Quoting Antony_sg
{quote} Thanks DWEB I'm following that thread also. I think you can use some indicators to filter signal like SD or MA 50 as you posted I am using this template to combine with your indi. Enjoy! {file} {file} {file} {file} {file} {file} {file} {file} {file} {file}
hey Antony , wanted to say a big thanks for your sharing, It is very useful, can youtell if the cycle identifier repaints or not, I am working on something it will really add some value to it, which I'll share in future if it works. thanks
  • #302
  • May 2, 2016 7:09am May 2, 2016 7:09am
NASDAQ & EUR/USD trades:

Objective: Price is king...
Attached Image (click to enlarge)
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We err, and err, and err again, but less.
  • #303
  • May 3, 2016 12:24am May 3, 2016 12:24am
NASDAQ Trades

Objective: Price is King. Spend at least 2-3 hrs reading news articles, economic research, etc and formulate a bias to trade around. I usually trade my bias, but today decided to Sell (Bias for LO), and Buy (Bias for NY).

Not trading further today...have some research to do, and more reading....
Attached Image (click to enlarge)
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dweb
We err, and err, and err again, but less.
  • #304
  • May 3, 2016 1:00am May 3, 2016 1:00am
Quoting dweb
NASDAQ Trades Objective: Price is King. Spend at least 2-3 hrs reading news articles, economic research, etc and formulate a bias to trade around. I usually trade my bias, but today decided to Sell (Bias for LO), and Buy (Bias for NY). Not trading further today...have some research to do, and more reading.... {image} dweb
Great to see you still researching and developing dweb.

That can only be a good thing!

Many green pips to you.

Masterrmind............
Master your Mind then Master your Trades
  • #305
  • May 3, 2016 2:58am May 3, 2016 2:58am
Quoting Masterrmind
{quote} Great to see you still researching and developing dweb. That can only be a good thing! Many green pips to you. Masterrmind............
Thanks Masterrmind...
We err, and err, and err again, but less.
  • #306
  • May 3, 2016 6:34pm May 3, 2016 6:34pm
NASDAQ clsd Trades...03052016 NY -04052016 Asian
Attached Image (click to enlarge)
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We err, and err, and err again, but less.
  • #307
  • May 6, 2016 11:59am May 6, 2016 11:59am
NASDAQ, M5: Open trades

Objective: Test bias (R&D) in wake of NFP...

Bias: Sell LO, Buy NY. This get revisited everyday....

Attached Image (click to enlarge)
Click to Enlarge Name: nasdaq open trades_06052016.jpg Size: 172 KB

dweb
We err, and err, and err again, but less.
  • #308
  • May 7, 2016 4:17am May 7, 2016 4:17am
With respect to Post #307...NASDAQ trades....How I see things, for now anyway!

Objective: Confluence on ideas...DwebTalon5 (Arrows), dwebTrend4 (not in view), Quantum Super Channel...you never know...

Attached Image (click to enlarge)
Click to Enlarge Name: nasdaq open trades_06052016_qsc mod.jpg Size: 170 KB

dweb
We err, and err, and err again, but less.
  • #309
  • May 9, 2016 2:30am May 9, 2016 2:30am
NASDAQ Friday's Trades Closed & New one Opened...

Attached Image (click to enlarge)
Click to Enlarge Name: nasdaq open trades_06052016_qclsd.jpg Size: 133 KB
We err, and err, and err again, but less.
  • #310
  • May 9, 2016 5:54am May 9, 2016 5:54am
JSE Closed Trades & Open...
Attached Image (click to enlarge)
Click to Enlarge Name: jse open trades_06052016_qclsd.jpg Size: 155 KB
We err, and err, and err again, but less.
  • #311
  • May 10, 2016 12:50am May 10, 2016 12:50am
CAC open trades...a bit late

Objective:
++ Add CAC Index to research

Attached Image
We err, and err, and err again, but less.
  • #312
  • May 10, 2016 2:47pm May 10, 2016 2:47pm
USDJPY: Asia

Objective:
++ Take full advantage of USD.
++ Use the inside-bar channel to launch orders.

Attached Image
We err, and err, and err again, but less.
  • #313
  • May 12, 2016 6:41pm May 12, 2016 6:41pm
Quoting dweb
USDJPY: Asia Objective: ++ Take full advantage of USD. ++ Use the inside-bar channel to launch orders. {image}
Hey dweb,

I tend to only trade the M15 and higher TFs using the IB channel breakout.

Stops on the far side of the channel and a 1:1 risk:reward which implies that the TP is always slightly greater than the IB channel width.

The closing of an M15/M30/H1/H4/D1/W1 candle will almost always close at a higher price than the upper IB channel (long trade) and a lower price than the lower IB channel (short trade). Since by definition we seek a close of a candle outside the channel although I have come across a few that have closed precisely on the IB channel but this very rare.

For HTF entries also consider the fundamentals/sentiment of the market and only trade in the same direction (rather discretionary appraoch)

What this system needs is some coder with the time to make either of the following:

1. A dashboard that shows all the IB channel information for multiple pairs (at least 28) visible on only 1 chart because it is a pain having to click through multiple TFs from say M15 through to W1 on a single pair looking for a setup. Then you need to do this for all the other pairs ... very very time consuming although the process is simple enough it is far from efficient!

2. Code an EA with MM and a trailing SL

Stops are generally quite wide on higher TF setups for the IB channel approach so the lots sizes need to be relatively low.

Take care,

Masterrmind...........
Master your Mind then Master your Trades
  • #314
  • May 12, 2016 6:48pm May 12, 2016 6:48pm
AUDUSD [H4; IB]

Attached Image (click to enlarge)
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1. IB short setting up
2. Fundamentally headed in the right direction (currently ...... news can change things fast)

AU [zoomed out and FIb applied]

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Unless a technical or fundamental point over-rides my plan I'll be looking to short it down at the close of the H4 candle.

Masterrmind...........
Master your Mind then Master your Trades
  • #315
  • Jun 1, 2016 1:36am Jun 1, 2016 1:36am
Quoting dweb
USDJPY: Asia Objective: ++ Take full advantage of USD. ++ Use the inside-bar channel to launch orders. {image}
Hi dweb,

Thank you for sharing your experience and knowledge with us.

I would be thankful if you could please find time to explain how to interpret the statistics produced by your indicator and use for trading.
I am a 67-year old discretionary trader and now trying to learn systematic trading. I find your indicator good because the chart doesn't get cluttered and is easy on eyes.

Attached Image (click to enlarge)
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Practice makes a person perfect
  • #316
  • Jun 2, 2016 2:49am Jun 2, 2016 2:49am
Quoting simnz
{quote} Hi dweb, Thank you for sharing your experience and knowledge with us...
Hi simnz,

Thanks for your post.

IB Channel Width: this gives you an idea of the width of the Inside Bar channel drawn on the screen and mark by a star. knowing the spread of the asset and IB width may be wide enough to place a qiuck scalp of the channel. This gives you an opportunity to setup a buy stop or sell stop or limit orders outside the IB channel, pending the assets you engage with.

ROC: rate of change measure the of the time-frame daily open and close prices. a consistent change in a particular direction may help with setting up of orders based on market bias/direction. IB channels provides high probabilities consistently.

Bear or Bull bar: direction of current bar and its distance to the Bottom (green) channel line or Top (red) channel line. This also helps to determine if there is enough space left i.t.o. spread and pips to place an add-on order.

Distance from open: positive , ie. price above the open - buy bias, and price belowthe open - sell bias.

Today Range: gap between High and Low of the daily candle. Gives the width ito pips for the day. Increasing number = high volatility, etc

Looking at your pic: price re-entered the channel. This an indication of failed break attempt, with now a higher probaility of direction/bias = sell. Plac a sell stop below the bottom channel.
We err, and err, and err again, but less.
  • #317
  • Jun 2, 2016 6:40am Jun 2, 2016 6:40am
Quoting dweb
{quote} Hi simnz, Thanks for your post. IB Channel Width: this gives you an idea of the width of the Inside Bar channel drawn on the screen and mark by a star. knowing the spread of the asset and IB width may be wide enough to place a qiuck scalp of the channel. This gives you an opportunity to setup a buy stop or sell stop or limit orders outside the IB channel, pending the assets you engage with. ROC: rate of change measure the of the time-frame daily open and close prices. a consistent change in a particular direction may help with setting up...
Both you and Mastermind are doing wonderful work for traders.
Since last one year I have been making money from averaging positions by slicing one position into four and trading at 150 pips gap for GBPJPY for longer cycle trades and reducing breakevens. If you have any strategy for equal position grid trading, please do share.
Thank you again for your taking out time to explain.
Practice makes a person perfect
  • #318
  • Jun 3, 2016 9:46am Jun 3, 2016 9:46am
Quoting simnz
{quote} Both you and Mastermind are doing wonderful work for traders. Since last one year I have been making money from averaging positions by slicing one position into four and trading at 150 pips gap for GBPJPY for longer cycle trades and reducing breakevens. If you have any strategy for equal position grid trading, please do share. Thank you again for your taking out time to explain.
thank for the reply simnz,

I have been working on a few new approaches and the key is the IB channel. I will share when ready. Masterrmind is a great trader - I have some outstanding work he asked me for I will attend to this weekend...

It's good to have an add 150pips (mine is 100pips or wherever there is an IB channel - or both). We will talk soon. share some more pics of trades open/closed.

dweb
We err, and err, and err again, but less.
  • #319
  • Edited 11:44am Jun 3, 2016 10:15am | Edited 11:44am
R&D: COFFEE H4

Objective: find most basic entry method, with tool support to stay in trade longer...

Trades:
Attached Image (click to enlarge)
Click to Enlarge Name: coffee h4 03062016 open.jpg Size: 228 KB


dweb
We err, and err, and err again, but less.
  • #320
  • Jun 7, 2016 8:32pm Jun 7, 2016 8:32pm
Quoting dweb
{quote} thank for the reply simnz, I have been working on a few new approaches and the key is the IB channel. I will share when ready. Masterrmind is a great trader - I have some outstanding work he asked me for I will attend to this weekend... It's good to have an add 150pips (mine is 100pips or wherever there is an IB channel - or both). We will talk soon. share some more pics of trades open/closed. dweb
Hi dweb,

Could you please explain more about IB Channel? How to detect it and use it for averaging purpose? Mastermind has suggested Confluence as a good point to decide about averaging. I am using arbitrary distance of 150 pips to average as I don't want to use my equity for too many positions and suffer in case an adverse Blackswan kind of event happens. From Mastermind I have learned to use equity drawdown threshold as Stoploss in case the averaged positions don't help in reducing breakevens.

I use Interactive Brokers platform for trading and use MT4 only for trade setup idea. Have not made any system as such but have a rough idea as to what to do. I am now trying to set up a system mainly for free teaching of retirees and university students (supported by parents with enough savings) to trade on CME market both fx futures and fx future options (low ask/bid spreads and no interest to pay to brokers).

Without enough raw material of money, I feel fx trading business will not grow. But I am keenly watching Mastermind's plan to grow trade from a small account because he is setting up metrics any business operator should have.

I admire the simple way you analyse. Using indicators mostly for trades entry, continuation and exit estimation. Statistics produced do the analysis. All in one simple chart.

How would you analyse the market using just this FREE tool finviz forex performance online?
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Practice makes a person perfect
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