gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
Why using RANGE or Identify Turning Points (no indies required, or make one and share…):
This simple method/formula will indicate the end of current trend, reversal point, exit from current trade – or whatever you want to use it for.
But before that I have a SMALL complaint:
The reason why I’m writing this math function is that it might…[Read more]
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
Why using RANGE or Identify Turning Points (no indies required, or make one and share…):
This simple method/formula will indicate the end of current trend, reversal point, exit from current trade – or whatever you want to use it for.
But before that I have a SMALL complaint:
The reason why I’m writing this math function is that it might…[Read more]
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
Why using RANGE or Identify Turning Points (no indies required, or make one and share…):
This simple method/formula will indicate the end of current trend, reversal point, exit from current trade – or whatever you want to use it for.
But before that I have a SMALL complaint:
The reason why I’m writing this math function is that it might…[Read more]
MTH2014 replied to the topic MTH Renko Builder Indicator in the forum Indicator discussion 10 years, 5 months ago
Hi Brother, Yes TimeBrickStep create new brick equal to previous brick if price don’t go outside the ‘range’ of the brick during certain time. TimeBrickMinutes only working correctly if you use external program that force MT4 to create pseudo tick in every second (but this will need heavy CPU resources power..). While if you use this ‘equal’ b…[Read more]
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
Gadi_OBV is available at the “Killing Zone” @FF.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
Because of the channel level, when channel broke with Volume.
BTW: the entry is when Volume broke the avg., and not on bar close.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
To make this example a practical one:
You saw from above posts that the M15/M30 channels define a strong level, you can go from H1 chart to the M15 and wait for an entry signal if Volume exceed avg.
This is a pre-signal of “river flood”…
Here is the outcome, with minimal DD and fast reward.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
I don’t understand your question.
You should see (in the H1 example) M1, M5, M15, M30 & H1 channels.
A channel is based on each High/Low of the relevant TF.
Rough sketch attached. It shouldn’t be rectangles, but for illustration only.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
I don’t understand your question.
You should see (in the H1 example) M1, M5, M15, M30 & H1 channels.
A channel is based on each High/Low of the relevant TF.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
Here comes the MASSIVE volume….
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
To extend indicator you need to set the SHIFT parameter with minus sign (i.e. -1, -2, etc.).
Look at the std. indicators source, such as Alligator or Ichimoku.
Anothe method is to create the channels, one within the other, but each channel should be drawn only when it is closed.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
To extend indicator you need to set the SHIFT parameter with minus sign (i.e. -1, -2, etc.).
Lookk at the std. indicators source, such as Alligator or Ichimoku.
Anothe method is to create the channels, one within the other, but each channel should be drawn only when it is closed.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
I trade both before and after News/Announcements, but those are different strategies.
What is presented in pipatronic VIDEO thread is the 60% “Law” after the news. It’s more relaxed trading and fits almost any trader style and experience level.
And yes, it’s a retracement trade.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
You are engulfing the same bar. M30 should extend out to the righ, etc.
But you can still conclude: Sentiment is clearly down, but if retracement occur (up Volume increase) – it will retrace to the M5, and then to the M15/M30.
To overcome the M15/M30 to the upside it will require massive volume since its double height at the same level.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
News/Announcements trading (the 60% Law) is currently in the GREAT pipatronic “VIDEO” thread.
It started as pip remark there, but certainly deserve a thread of its own. There you have both live predictions and their results.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
News/Announcements trading (the 60% Law) is currently in the GREAT pipatronic “VIDEO” thread.
It started as pip remark there, but certainly deserve a thread of its own.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
News/Announcement trading (the 60% “Law”) is a special and separate issue, but it uses the same underlying physics.
You can consider the News/Announcements as a sudden water flood (caused by excess water, i.e. increased Volume) followed by fast retracement as water rapidly resides (Volume returns to normal flow).
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
News/Announcement trading (the 60% “Law”) is a special and separate issue.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
You can use Gadi_OBV from “Killing Zone” @FF.
ForexGT_Activity is more advanced version, currently not shared.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
The “…Never mind what happened in between…” is categorically and absolute, no exceptions.
If you have some Fibo and/or Support/Resistance and/or any other “voodoo” stuff in between – do yourself a favor and ignore them…
G.
- Load More