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SketchBook - Sharing ideas on trading systems

  • #61
  • Oct 13, 2016 2:41pm Oct 13, 2016 2:41pm
Quoting KumoBreaker
there's a dude called Glenn Neely and he was supposed to be a great elliott wave analysis . he got some idea about markets that are open 24h.his idea was each country or region trade their beliefs and needs and to analyze the chart u most break them accordingly . for example the u most have 4 Gold chart .. one for sydney - one for tokyo & so on . anybodyu look into it ? & again i think some truth in it p.s : ofcourse trading session affect each other
Quoting KumoBreaker
there's a dude called Glenn Neely and he was supposed to be a great elliott wave analysis . he got some idea about markets that are open 24h.his idea was each country or region trade their beliefs and needs and to analyze the chart u most break them accordingly . for example the u most have 4 Gold chart .. one for sydney - one for tokyo & so on . anybodyu look into it ? & again i think some truth in it p.s : off course trading session affect each other
Traders in each session has their own psych and nature. That is what i learnt from a legend trader. It's not only the price on which you are entering but in fact, you will have to couple it with timing and in which session, you are initiating your trade.

 

  1. Price
  2. Timing (Sessions)
  3. Volatility
  4. Recognizing a day would be ranging or trending based on what levels achieved yesterday and major announcement scheduled on the day. Setting your targets (SL and TP's ) accordingly.
  5. Trade Management and Money Management
  6. Trading Strategy Simplicity
  7. A heart to accept your losses before it hurts you

That's all you need to be a good trader.

Forex; the game of movements not the game of candles.
  • #62
  • Oct 13, 2016 3:06pm Oct 13, 2016 3:06pm
Need an indicator for this pattern
Attached Image (click to enlarge)
Click to Enlarge Name: IMG-20161008-WA0008.jpg Size: 55 KB
Attached Image (click to enlarge)
Click to Enlarge Name: IMG-20161008-WA0005.jpg Size: 88 KB
Le$$ I$ More
  • #63
  • Oct 14, 2016 1:02am Oct 14, 2016 1:02am
Quoting abokwaik
Another Idea {image}
could you please explain this idea.
  • #64
  • Oct 15, 2016 4:18am Oct 15, 2016 4:18am
Quoting Roszey
Need an indicator for this pattern {image}{image}
Sandwich Bar Indicator.
Bon Abetite

Attached Image (click to enlarge)
Click to Enlarge Name: Sandwich_inputs.PNG Size: 104 KB
Attached File(s)
File Type: ex4 AK_Sandwiched_Bar_01.ex4   9 KB | 269 downloads
No guts, no glory
  • #65
  • Oct 15, 2016 4:42am Oct 15, 2016 4:42am
Quoting abokwaik
{quote} Sandwich Bar Indicator. Bon Abetite {image} {file}
Thanks.

I couldn't get it show previous signals, only the current one (only had one in all TFs).
Is this how it's supposed to be? Showing only the current signal?


Thanks.
  • #66
  • Oct 15, 2016 4:49am Oct 15, 2016 4:49am
Quoting ledzep
{quote} could you please explain this idea.
Double Martingale forex trading strategy
No guts, no glory
  • #67
  • Oct 15, 2016 4:51am Oct 15, 2016 4:51am
Quoting Reamasesa
{quote} Thanks. I couldn't get it show previous signals, only the current one (only had one in all TFs). Is this how it's supposed to be? Showing only the current signal? Thanks.
Yes. It doesn't scan history for signals.
The chart I posted was generated using MT4 Strategy Tester on the Indicator.
No guts, no glory
  • #68
  • Oct 15, 2016 5:12am Oct 15, 2016 5:12am
Quoting abokwaik
{quote} Yes. It doesn't scan history for signals. The chart I posted was generated using MT4 Strategy Tester on the Indicator.
Thanks.

Can you make it send out email alerts, please?
  • #69
  • Edited 7:06am Oct 15, 2016 5:51am | Edited 7:06am
Quoting Reamasesa
{quote} Thanks. Can you make it send out email alerts, please?
Here ... and more

Attached Image


EDIT : Sorry, wrong file. Re-uploaded again.
Attached File(s)
File Type: ex4 AK_Sandwiched_Bar_01.ex4   10 KB | 284 downloads
No guts, no glory
  • #70
  • Edited 7:35am Oct 16, 2016 7:23am | Edited 7:35am
Quoting abokwaik
{quote} Sandwich Bar Indicator. Bon Abetite {image} {file}
Yummmy and delicious
Thanks...

Quoting abokwaik
{quote} Here ... and more {image} EDIT : Sorry, wrong file. Re-uploaded again. {file}
Excute me sir bad the indicator is not showing any thing on the chart. Is there anthing am doing wrong?
Le$$ I$ More
  • #71
  • Oct 16, 2016 8:05am Oct 16, 2016 8:05am
Thanks alot for the indicator but i have problem
Attached Image (click to enlarge)
Click to Enlarge Name: Sandwich_inputs.PNG Size: 98 KB
Le$$ I$ More
  • #72
  • Edited 8:36am Oct 16, 2016 8:19am | Edited 8:36am
Ok heres my sketch...

a virtual fundamental/macro team;

A collection of regular contential number crunchers who keep the biz informed with the current fundamenatl sentiments and numbers in the market forest.. whose with me? Where are they? Not on bloomberg or cnbc... lets find them

Thats really all i need right now. Im a trader, not an analyst/ economist.. who has time for that...
Time hides Nothing
  • #73
  • Oct 16, 2016 8:22am Oct 16, 2016 8:22am
Quoting CindyXXXX
Ok heres my sketch... a virtual fundamental/macro team; A collection of regular contential number crunchers who keep the biz informed with the current fundamenatl sentiments and numbers in the market forest.. whose with me? Where are they? Not on bloomberg or cnbc... lets find them Thats really all i need right now. Im a trader, not an analyst
So heres the visual, each day i check my list (maybe 10 contributers) for new posts (probably you tube) i scour my list of specialits who keep me informed of the current dynamics be it commodities, stocks or currencies to stay hodated with the pulse of the blood I trade.

So efficicient is this interconnected world, this request should not ne so hard.

so wheres my team?
Time hides Nothing
  • #74
  • Oct 16, 2016 9:10am Oct 16, 2016 9:10am
Quoting CindyXXXX
{quote} So heres the visual, each day i check my list (maybe 10 contributers) for new posts (probably you tube) i scour my list of specialits who keep me informed of the current dynamics be it commodities, stocks or currencies to stay hodated with the pulse of the blood I trade. So efficicient is this interconnected world, this request should not ne so hard. so wheres my team?
interesting Cindy
Le$$ I$ More
  • #75
  • Oct 16, 2016 12:31pm Oct 16, 2016 12:31pm
Quoting Roszey
Thanks alot for the indicator but i have problem {image}
The indicator works forward (it doesn't scan history), as it is meant for trading (not analyzing).

It shows an arrow above/below a "prospect" sandwiched candle. The prospect candle is always the previous candle. If the current candle breaks the high/low of the prospect sandwiched candle, the previous candle becomes a confirmed sandwiched candle.

So the indicator is working as per my understanding, and I did it like this to be used with pending orders.

If we show the signal after the confirmation, then we have to use market orders to trade it, which could be late.

Anyway, tell me what you prefer. Its your idea after all.

EDIT : A Clarification : On the chart the Red cross is where a Sell Stop Order would be, and a Blue Signal is where you would put the Buy Stop Order.
No guts, no glory
  • #76
  • Oct 16, 2016 1:04pm Oct 16, 2016 1:04pm
Quoting CindyXXXX
{quote} So heres the visual, each day i check my list (maybe 10 contributers) for new posts (probably you tube) i scour my list of specialits who keep me informed of the current dynamics be it commodities, stocks or currencies to stay hodated with the pulse of the blood I trade. So efficicient is this interconnected world, this request should not ne so hard. so wheres my team?
Here is your team Cindy.

gatorinla , sisse , traderathome , emmanuel7788 , Forexcube , MaxDoom , Davit .

The Magnificent Seven.

Attached Image
No guts, no glory
  • #77
  • Oct 16, 2016 1:22pm Oct 16, 2016 1:22pm
Quoting abokwaik
{quote} The indicator works forward (it doesn't scan history), as it is meant for trading (not analyzing). It shows an arrow above/below a "prospect" sandwiched candle. The prospect candle is always the previous candle. If the current candle breaks the high/low of the prospect sandwiched candle, the previous candle becomes a confirmed sandwiched candle. So the indicator is working as per my understanding, and I did it like this to be used with pending orders. If we show the signal after the confirmation, then we have to use market orders to trade...
Oh ok. Now i understand. thanks. I will keep you posted...

Attached Image (click to enlarge)
Click to Enlarge Name: sandw.jpg Size: 84 KB
Le$$ I$ More
  • #78
  • Oct 16, 2016 1:36pm Oct 16, 2016 1:36pm
Quoting Roszey
{quote} Oh ok. Now i understand. thanks. I will keep you posted... {image}
I think you're getting multiple alerts on the same candle. If so, I will fix and reupload.
No guts, no glory
  • #79
  • Edited 3:07pm Oct 16, 2016 2:52pm | Edited 3:07pm
Quoting CindyXXXX
{quote} So heres the visual, each day i check my list (maybe 10 contributers) for new posts (probably you tube) i scour my list of specialits who keep me informed of the current dynamics be it commodities, stocks or currencies to stay hodated with the pulse of the blood I trade. So efficicient is this interconnected world, this request should not ne so hard. so wheres my team?
Cindy, fundamentals takes time to shift. Just read some news and read where the market focus. Wrote quite a long story here, maybe you are interested:

http://www.forexfactory.com/showthre...20#post9199720

http://www.forexfactory.com/showthre...38#post9199738

Its just a general view.

@abokwaik & roszey: you might want to look at indicators that scan levels that been touched several times. Its called "i-remembered lines." Its here on ff somewhere, try to search for it. The coder last online on 2014. I have it on my laptop, havent try or dig the code but from the pic posted its quite similar to what you are looking.
  • #80
  • Oct 16, 2016 6:58pm Oct 16, 2016 6:58pm
Quoting abokwaik
{quote} Here is your team Cindy. gatorinla , sisse , traderathome , emmanuel7788 , Forexcube , MaxDoom , Davit . The Magnificent Seven. {image}
Thanks for the suggestion however i was thinking of actual profesionals who dont trade. I dont need opinions just the facts.

you tube format would be great anyway just an idea, i will check out the members above Ive seen some of Siises stuff before be seems to have a good head but again hes a trader and not exactly a reliable contributer as he is inder no obligation to post here...
Time hides Nothing
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