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So those are the fine details of how you focus on working out that particular pattern. I must say, it's not a very pretty picture you illustrate. But whatever works for you. LOL
Oh......and I don't see on your chart where adam and eve actually met before having the 3 kids. Maybe the 3 kids weren't actually adams and that's why he has trouble establishing any conviction of loyalty to eve?
SG.......I've long ago removed the bid/ask lines from my chart just to reduce the distractions, and I'd always looked to enter on lines of support or short at resistance rather than obsess over the bid/ask, but I'm now wondering if there isn't a lot to be gained in nickels, dimes and dollars by spending time watching the bid/ask lines as they interact with candle action. I should mention that when I asked for an annotated chart, I knew that a vid would be better but I was hoping for anything at all to help get clarity on when you'd pull the trigger on a position based on bid/ask lines in respect to your "SG candles". I understand though if you don't have time or ease to put a vid together. Pennies doesn't even have the MA_Shade indi himself so I'm not thinking that he'll do a vid. No biggie....just need to spend some time playing around with it on my own in demo as you mentioned.
BTW, I'm still trying to get an MA_Shade to attach to the chart. I was finally able to copy and paste the indi from "expert advisors" to "custom Indicators" section of "Navigator", however...... even though the "Custom Indicator - MA_Shade" settings window comes up when I double click on the indicator in navigator and the window allows me to change "common" (to allow DLL imports), "inputs(which I could swear you gave parameters for in a text which I can not find now!), "colors" (blue and red), and "visualization" (currently set at "All timeframes), as soon as I click the "OK" button, the window closes but the indicator doesn't attach to my chart as I'd expect.
Lazyman......huge thanks! I don't know how you figured that out, but you're right. That worked. Again...... thanks!
Thanks pennies. I did find the ask line but no bid line though I know I've seen the bid line in other platforms, just not sure about Oanda and I haven't found it on either MT4 or fxtrade platform. I'll have to chat or email Oanda I guess.
SG.......if you could give a couple annotated chart illustrations or so of examples of what you are trying to explain, it might help.
pennies........I wondered if the gap were a target for you but it surprises me. It's quite a step down to that gap. lol If I miss it and it happens, please be sure to remind me? :)
As I've said, I know you don't get every trade right but I'm sure you are averaging ahead steadily and that's what counts, as long as it's adequate in percentage of balance which is where I'm coming up short. I am pretty good at scalping but lousy at holding for targets. Part of it is not knowing where the target lies for sure, and part of it is impatience.
Do me a huge favor if you don't mind and email me your TDI again along with your MA_Shade indi? My current TDI just isn't reading the same as yours and I need the MA_Shade if I'm going to try to follow SGs current setup which I'm struggling with understanding how to trade from just yet.
Oh and speaking of SGs setup.......you use Oanda too......how does one go about setting bid/ask lines on their MT4 and trade platform charts?
Pennies.......did you illustrate the gap on U/J for a an expected future outcome?
Also....I want to congratulate you on your posted gains earlier. It helps give others like myself hope.
SG.......I appreciate the redirects and I did manage to enter all the indi data from that link into my MetaEditor platform and it compiled without any errors finally after fixing a couple which was mostly leaving out semi-colons, but the finished indi fails to attach to my chart. There were two MA_Shades on that link and I used the first and then reedited to the 2nd and got an error-free compile on both 1st and 2nd. I'm missing something though because the indi won't load, and for whatever reason, my indi file shows up in the "Expert Advisors" list instead of "Custom Indicators" under the "Navigator" tab.
I'm not doing a simple click and save on the redirect but rather trying to enter the data manually into MetaEditor and get it to run as a newly made indi. I'm atttempting to keep a "clean" computer which I run my Oanda MT4 and trade platform on so I'm not opening any other sites onto it. Therefore I'm forced to go about downloading indicators either via a previously saved flash drive or through the MetaEditor. I need to become familiar with MetaEditor anyway.
Well we see what we want to see I think.....but is that so bad really? That's your focus and that's very good imo.
yep, that's what I saw! LOL
Yes HE is jav, regardless the fact that our eyes and minds play tricks on us occasionally and deceive us, just as ill-motivated men do.
Yeah jav.......I just looked again and I was mistaken about the front leg of the R being faded.....I was seeing the P because the top of the letter was much clearer and brighter than the front leg and it stands out with the following R and A. And the Y is clear enough that I saw pray instead of MURRAY at first glance. lol
SG.......I never did get my start tester to work afterall so I gave up to do other things like prepping the front yard for a lawn.
I'm curious about your SG candles.......did you download an "MA_Shade" indicator and use the settings you listed and if so can you give redirect for a good copy of that indi?
Also......I'm curious as to how you trade off that setup. You mentioned bid/ask in consideration of the chart? I'd like to hear more.
Hey jav.......when I first saw your photo of the lawnmower, I looked to see what brand it was and what I saw was what appeared to be the word "PRAY"! The "P" was really an R with the front leg of the letter faded or covered with something just as the MUR appears faded in the photo to me. The brand is of course MURRAY, but all I saw was "PRAY". LOL Glad you weren't on it when it blew!
SG......I remember the MA_Shade, but never really understood how to interpret it and thus how to apply it.
Seems I didn't have to wait long in my "looking forward to it". lol
Look forward to it SG!! eom
Maybe that's why my wife cowers when I come into the room! LOL j/k of course. Thankfully neither of us are right all the time so it keeps us both off balance enough that neither can be too proud or controlling.
Actually, if you were right all the time, I'd start doubling what SG pays you for your expertise. I'd consider it well worth the cost too! LOL!!!
I know you do, and you certainly don't get all the wave counts right every time, but the law of averages are definitely working in your favor. Unfortunately I don't always trade the ones that you get right, instead trading the ones you don't get right too often. Silly me. lol
SG......I wasn't able to get a result from that TDI w/Alerts indi in the strat tester. I gave up on it for now. I'll definitely try to get one loaded that will work over the weeks to come. If I can just find one that I can monitor manually as a babysitter; taking profits when I see them..... then I'd be happy. It's just getting in at the best time possible with only a couple pips against me at most before the price moves my way....that is what I find the biggest challenge right now. Taking an auto 7 to 10 pips isn't hard for me to do if I can get 10 accurate average trade alerts a day. All I want is 100 pips a day profit. lol
GM pennies.....I'm short UJ with you now and for as close as we can get to that neckline or else for as long as I can stand to stay in and not take profits. Are you using the 5th wave high as your stop loss point?
I managed to get in to the G/U long trade setup yesterday during the 5 minute candle that preceded the initial 75 pip approximate pop and took profits near the top but I farted around looking for a sound reentry giving up around 25% of my gains before going to bed with no open position and missing out on the entirety of the 2nd and real move up overnight. They actually did take price below the previous low before taking it all the way up to the 1.553 high this morning. Bastages! Those slimey devils! lol
So yet another accurate call on your part, even if you were off a bit on the finest details. If you could just nail those finest tricky little price manipulations down, your charting skills would be superior to the software the brokers are using. LOL
GM pennies.....I'm short UJ with you now and for as close as we can get to that neckline or else for as long as I can stand to stay in and not take profits. Are you using the 5th wave high as your stop loss point?
I managed to get in to the G/U long trade setup yesterday during the 5 minute candle that preceded the initial 75 pip approximate pop and took profits near the top but I farted around looking for a sound reentry giving up around 25% of my gains before going to bed with no open position and missing out on the entirety of the 2nd and real move up overnight. They actually did take price below the previous low before taking it all the way up to the 1.553 high this morning. Bastages! Those slimey devils! lol
So yet another accurate call on your part, even if you were off a bit on the finest details. If you could just nail those finest tricky little price manipulations down, your charting skills would be superior to the software the brokers are using. LOL
I'm pretty sure I get what you're saying. The EA operates waiting for opposing signals before closing out a profitable trade which by then has returned to even or loss. The brokers use the spread and chart technicals themselves to keep us and our expert advisor programs off balance imo. The EA would have to be developed to take profits at a specific number of pips (between 4 and 10 is what I would expect) regardless the technicals of the chart, and then wait for the next setup to occur before reentering a new position; I think.
I expect that you are right about the huge drawdowns with most if not all E/A's. SG. Lots to learn in the C and C++ language first before I can write my own EA and even then I may be missing vital info to make a good scalping EA which is what I would indeed want. I'd have to find some way to overcome the stop seeking behaviors and spread setting micro methods of the brokers and that's where I will find my greatest obstacle if not my failure in developing a successful EA. Whatever I end up with I'll not be leaving it running while I'm away from the computer or off computer at night.
Don't worry about the trade simulator you got from pennies. It would just be a distraction in my goal to write my own EA's anyway.
If I don't get satisfactory results from my "PIPgoldmine/TDI w/alerts" EA, then I'll seek out this X trader v3 that you mention and see how that wants to work for me.
Thanks SG......I ended up going into metaeditor, clicked on "New" and then clicked "Next" in the Expert Advisor Wizard window with "Expert Advisor option button highlighted and when the General Properties of the Expert Advisor window came up next I entered your PIPgoldmine into the "Name" window and then clicked finish which gave me an editable expert advisor template to enter data into which I then used "select all" to delete all the data and simply copied the TDI w/Alerts data into the template window and ta-da.....I had a new and functioning EA to replace the two crappy EAs that came standard with the MT4 platform. I'm still orienting and it's a bit slow, but I'm becoming more familiar with the platform and hope to make my own E/A over the next few months.
Btw, I was also able to download a useable EA from the online library that you mentioned so I can go that route too if I choose.
I'm presently "run"ning the TDI w/alerts indi on the hour time frame and having set the "From" and "To" dates for a couple years back, the strategy tester is taking a while to get through that two years. I'll post the "results" when it finishes, which I expect will be sometime later this afternoon. lol
I did run that MACD sample EA before deleting it this morning and I noticed that it was "rotten" at least in terms of profit realization after running it. lol
I did as you said SG. We'll see. Having gone into the "experts" file in my Oanda program files and deleted the MACD E/A that I mentioned to you, now my strategy tester won't "Run". As if it requires an Expert Advisor to be able to run.
Good morning SG. I didn't have any .tpl files called "tester", so I did as you stated and saved the current chart as "tester.tpl" and it did save as that, but when I bring up the strategy tester window to run it, the "tester.tpl" is not listed in the "Expert Advisor"drop down menu list so I'm thinking that the strategy tester is going to run only the EA that is showing in that drop down menu list and that is "MACD Simple. And, I'm not seeing any way to change or delete the "Expert Advisor" list.
All makes good sense pennies. I did wonder if the B type wave of the previous daily wave up was too sharp and immediate or somehow wasn't meeting goodman wave rules. I do believe it's going to bounce before much longer and I must may reenter again tomorrow and add if it drops. I hate doing that though. I'd much rather take a very small loss and then reenter at the next major support line, but in this case I think I'll be ok even if I have to add 100 odd pips below current price as price will be hitting the major daily pennant pattern bottom line of support.
SG.......I'm not seeing a way to save my current chart as "tester".
I can right click over the chart and then click "template" and then "Save Template" but that doesn't give an option for saving as or under "Tester".
OR, I can click on the "File" tab and then click "Save As" and then double click on "OS" and then on "program files" and then "Oanda" and I do see "tester" as a file folder, but when I click the "Save" button on the "Save As" window, then the USDCHF30.csv file name saves but only as a "Microsoft Excel Comma Separated Values File below the "tester" file folder instead of inside it. I'd sure love to become familiar with the strategy tester and maybe try to make an EA consisting of the TDI and maybe a divergence indi or something else to increase the odds of a TDI setup.
For now though I'd be thrilled just to use the TDI alert alone in the strategy tester.
Ok, time to get some things done for the rest of the morning and early afternoon.....
SG.......have you noticed that the alert that is visible in the TDI w/alerts window may differ from the pop-up alert on any given time frame? For example, the alert in the window of the USD/CHF daily chart shows "Strong Sell @ 0.92159 / TDI Trend Strong Down", but the pop-up alert box says "USDCHF, D1 Strong Buy @ 1.25830 @ 11:49:21".
So the two differ from each other and the pop-up box is giving a price of 1.25830 for the strong buy alert price. What the heck?
I'm thinking I'd like to back test the TDI w/Alerts indi focusing soley on the indicator window alert itself and ignoring the pop-up box alert. So how would I go about using the TDI w/Alerts indi in "Strategy Tester" to see how often it gives bum signals? I don't care about whether the pop-up box is functioning or not, I'll just ignore it.
pennies.....you mentioned the goodman pattern on the hourly chart, but do you see one on the daily chart with the fat leg having occurred from May 22nd to June 13, and the thin leg in process now having begun July 9th? If so, I see 700 to 715 pip on the fat leg with 130 approximate pips remaining on this current thing leg to get us to the completion of the Goodman pattern. Knowing that the two legs don't have to be exact same length one another, I'm wondering if we won't see somewhere between 70 to 100 pips or so further price decline before UC finally has a good bounce? Or am seeing a possible Goodman wave pattern where none really exists?
That was my thinking. eom
Thanks SG......I've done the same now. eom
U/C 4 hour TDI w/alerts is showing a "Weak Buy/TDI Trend Strong Down" alert. That's not reassuring. lol With every fast line break up through a 4 hour TDI trendline the price just can't seem to move up above any prior higher level of resistance. Something tells me it's still not going to and price is nearing the ADR high for today. Plus the zup indi is showing a bearish pattern on the 1 hour chart as we approach the top trendline on a bullish channel. I don't want to hold over weekend for potential losses or bail when I might miss potential gains. And, next line of support is 150 pips below so I'm really not sure what I want to do here. So, I'm locking in my gains and will revisit the chart on Sunday as forex market opens again. I have to leave the house to get some things done so I'm closing out my position for the day.
Ok pennies......thought you were probably aware already but I just wanted to put it at the forethought over the smaller time frames we're looking at on the hourly and lesser charts since the bigger time frames always take precedence.
SG.....as soon as I bring up a new chart, "chart shift" is the first change I make to the chart after removing the "grid". I always click on the "auto scroll" feature in the drop down "Charts" menu too but it only functions part of the time and I find myself going back and checking the box or at least clicking the feature button numerous times to get the auto scroll effect to work on demand. I don't know why it doesn't always work but it's just one more thing to steal valuable time interpreting charts.
Morning pennies. I can't post a chart but I spent a few minutes putting trend lines on the daily chart and looking at U/C on a zoomed out scale and I couldn't help but notice what looks like a H*S pattern with July 25 of last year giving us the top Head price at .997 or so, and the left shoulder back in the beginning of January last year 2012 in the .960 price area and the following right shoulder being formed more recently the third week in May of this year 2013 win price peaked at .9835 or close to it. Since then the price has dropped to form a new trendline which we hit for the 3rd time last night off of wave lows on the daily chart as I stated....there's also another trendline on a descending channel using the "head" and "right shoulder" as points on the top trendline and then the bottom trendline has hit three times times now with that trendline being another 100 odd pips below current price. Now I'll get to the point......if we are in a H&S pattern on the daily, then we have new lows to look forward to after hitting a couple of trend lines that I can draw off current daily wave bottoms. Now I realize that we seem to be in an inverse H&S pattern, but if we break below .917, then I'm going to look at exiting and reentering at the next logical supporting trendline on the daily. I should serve coffeee and finger cookies to go with all this heavy reading I've presented.