The ideas that I trade by:

[MightyOne]

Use the default settings as the recommended speed at which you make or lose money.

If the spread is greater than 50% then you should not trade the current time frame.

Once you are comfortable using the default settings then you can narrow the lines by
either changing the line width from 0 or the %ofWeekly that is located below the color
settings. The "reset" button is your friend.

SweetSpotsGOLD_EIGHTS_v5.mq4

(8.72 KiB) Downloaded 252 times

[MightyOne]

Hi MO!

In which situation would you suggest this new version of Eights?

Thank you!

When you want to size your trades correctly so that you don't blow up your account

[Mira]

Hi MO!

In which situation would you suggest this new version of Eights?

Thank you!

When you want to size your trades correctly so that you don't blow up your account

Well, that is more than enough for me

Thanks!

[MightyOne]

Code: Select all

 
if(OANDAinterest){
  double L;
  double S;
//AUD // 1 MILLION UNITS over 720 hours @ https://www.oanda.com/forex-trading/analysis/financing-calculator
  /*01*/if(symbol == "AUDUSD"){ L =   220.28; S = -1164.34;}
  /*02*/if(symbol == "AUDCAD"){ L =   125.86; S = -1195.80;}
  /*03*/if(symbol == "AUDJPY"){ L =   471.95; S = -1416.14;}
  /*04*/if(symbol == "AUDNZD"){ L = -1052.29; S =  -646.82;}
  /*05*/if(symbol == "AUDSGD"){ L =  -141.60; S = -1557.69;}
  /*06*/if(symbol == "AUDCHF"){ L =   629.37; S = -2265.74;}
  /*07*/if(symbol == "AUDHKD"){ L =  -188.81; S = -1510.49;}
//CAD
  /*08*/if(symbol == "CADCHF"){ L =   125.23; S = -1440.04;}
  /*09*/if(symbol == "CADJPY"){ L =   -31.36; S =  -594.87;}
  /*10*/if(symbol == "CADSGD"){ L =  -641.71; S =  -735.69;}
  /*11*/if(symbol == "CADHKD"){ L =  -688.66; S =  -688.74;}
//CHF
  /*12*/if(symbol == "CHFJPY"){ L = -1435.89; S =  -123.11;}
  /*13*/if(symbol == "CHFZAR"){ L = -7325.88; S =  5127.17;}
  /*14*/if(symbol == "CHFHKD"){ L = -2297.15; S =  -246.10;}
//EUR
  /*15*/if(symbol == "EURAUD"){ L = -1832.27; S =   523.46;}
  /*16*/if(symbol == "EURCAD"){ L =  -698.12; S =  -174.52;}
  /*17*/if(symbol == "EURCHF"){ L =        0; S = -1658.10;}
  /*18*/if(symbol == "EURCZK"){ L = -1221.78; S =  -523.59;}
  /*19*/if(symbol == "EURDKK"){ L = -1099.64; S =  -645.78;}
  /*20*/if(symbol == "EURGBP"){ L = - 392.63; S =  -305.42;}
  /*21*/if(symbol == "EURHUF"){ L = -2271.93; S =    87.86;}
  /*22*/if(symbol == "EURJPY"){ L =  -218.26; S =  -480.01;}
  /*23*/if(symbol == "EURNOK"){ L = -1614.49; S =  -130.88;}
  /*24*/if(symbol == "EURNZD"){ L = -2331.61; S =   586.65;}
  /*25*/if(symbol == "EURPLN"){ L = -2007.13; S =   261.81;}
  /*26*/if(symbol == "EURSEK"){ L =  -872.71; S =  -872.68;}
  /*27*/if(symbol == "EURTRY"){ L = -8552.01; S =  5235.90;}
  /*28*/if(symbol == "EURUSD"){ L =  -567.21; S =  -130.89;}
  /*29*/if(symbol == "EURSGD"){ L = -1068.95; S =  -676.28;}
  /*30*/if(symbol == "EURZAR"){ L = -6483.61; S =  5104.86;}
  /*31*/if(symbol == "EURHKD"){ L = -1134.41; S =  -610.84;}
//GBP 
  /*32*/if(symbol == "GBPAUD"){ L = -2092.82; S =   561.43;}
  /*33*/if(symbol == "GBPCAD"){ L =  -765.80; S =  -255.25;}
  /*34*/if(symbol == "GBPCHF"){ L =    51.05; S = -1991.08;}
  /*35*/if(symbol == "GBPJPY"){ L =  -204.34; S =  -612.69;}
  /*36*/if(symbol == "GBPNZD"){ L = -2677.08; S =   635.37;}
  /*37*/if(symbol == "GBPUSD"){ L =  -612.61; S =  -204.20;}
  /*38*/if(symbol == "GBPZAR"){ L = -7535.13; S =  5921.92;}
  /*39*/if(symbol == "GBPPLN"){ L = -2297.24; S =   255.24;}
  /*40*/if(symbol == "GBPSGD"){ L = -1199.69; S =  -842.34;}
  /*41*/if(symbol == "GBPHKD"){ L = -1276.27; S =  -765.76;}
//NZD 
  /*42*/if(symbol == "NZDCAD"){ L =   160.84; S = -1459.45;}
  /*43*/if(symbol == "NZDJPY"){ L =   485.43; S = -1666.10;}
  /*44*/if(symbol == "NZDUSD"){ L =   249.39; S = -1429.94;}
  /*45*/if(symbol == "NZDSGD"){ L =   -90.02; S = -1798.86;}
  /*46*/if(symbol == "NZDCHF"){ L =   633.07; S = -2462.93;}
  /*47*/if(symbol == "NZDHKD"){ L =  -134.28; S = -1754.59;}
//TRY 
  /*48*/if(symbol == "TRYJPY"){ L =  1388.13; S = -2245.79;}
//USD
  /*49*/if(symbol == "USDCAD"){ L =  -451.74; S =  -369.61;}
  /*50*/if(symbol == "USDCHF"){ L =   205.34; S = -1765.91;}
  /*51*/if(symbol == "USDCZK"){ L =  -944.52; S =  -698.15;}
  /*52*/if(symbol == "USDDKK"){ L =  -829.60; S =  -813.15;}
  /*53*/if(symbol == "USDHKD"){ L =  -862.42; S =  -780.29;}
  /*54*/if(symbol == "USDHUF"){ L = -1932.93; S =  -122.68;}
  /*55*/if(symbol == "USDJPY"){ L =    -0.10; S =  -657.14;}
  /*56*/if(symbol == "USDMXN"){ L = -5174.89; S =  3121.39;}
  /*57*/if(symbol == "USDNOK"){ L = -1314.20; S =  -328.54;}
  /*58*/if(symbol == "USDPLN"){ L = -1683.75; S =    41.06;}
  /*59*/if(symbol == "USDSAR"){ L = -2094.49; S = -1190.97;}
  /*60*/if(symbol == "USDSEK"){ L =  -616.03; S = -1026.71;}
  /*61*/if(symbol == "USDSGD"){ L =  -800.82; S =  -841.89;}
  /*62*/if(symbol == "USDTHB"){ L = -3162.35; S =  -123.19;}
  /*63*/if(symbol == "USDTRY"){ L = -7843.92; S =  4722.78;}
  /*64*/if(symbol == "USDZAR"){ L = -5897.34; S =  4599.60;}
  /*65*/if(symbol == "USDCNH"){ L = -5544.03; S =  2340.80;}
//ZAR
  /*66*/if(symbol == "ZARJPY"){ L =   375.69; S =  -474.59;}
//SGD 
  /*67*/if(symbol == "SGDJPY"){ L = -361.87;  S =  -796.06;}
  /*68*/if(symbol == "SGDCHF"){ L = -217.10;  S = -1577.40;}
  /*69*/if(symbol == "SGDHKD"){ L = -969.54;  S =  -882.84;}
//HKD
  /*70*/if(symbol == "HKDJPY"){ L =  -58.22;  S =  -153.46;}
 
  Interest = (lots*100)*(L/720000)*HOURS +"/"+ ((lots*100)*(S/720000))*HOURS;
 

[Mr. Hyde]

Thanks - I see now...
Is the curly brace generated from a indicator or is it something you have drawn by hand?
Also the red dots with "1"and "2" Numbers and the red dotted circles??

The red circles areas seem to me like some accumulating areas with posibility for breakouts up or down!??

Here is the idea:

The only thing that you have to look for on a chart is patterns and breakouts.

When you mark a 1-2-3 and draw a horizontal line you are saying that one side of the line is the "pattern" and the other side of the line is the breakout; it doesn't matter what you name the pattern, it is simply the thing that is behind the breakout.

The curly brace simply says "hey, look at this price leg (or these price legs) it is not part of the pattern".

You can think of the ovals as "<insert your favorite pattern name here>"

The easiest way to find patterns is to trace breakouts back to their origin or use the closing prices of large charts.

If you squint, you will find smaller ovals and smaller "significant" breakouts that are useful for decoding smaller charts (remember what I said about closing prices?).

So how do you trade a pattern? Do you trade that price will breakout up and away or return to wipe out all profits? The choice is yours.

I like how you broke down patterns/BO's/curl's/oval's to the basic idea. Helps those slow people like me.

I like to trade the BO and the wipe out of price.

EURUSDMonthly.png (72.69 KiB) Viewed 3437 times

EURUSDMonthly.png

[Pjort]

Hello ,

I just wanna tell how good and well it feels for me to check in on this thread every day. I really try to "understand" or just having a great time seeing how people are sharing and moving on with their personall trading style.THANKS

I would like to share a example from my own trading today. It is first time I post a chart so please bear with me - if it is stupid or inappropriate.

The thing is that I have tried seriously to pick up the things talked about in this thread.

It has lead me too look at overlay of 4h on 15m bars which has forced me to look, really look - "what happend when a new 4 hour bar opens. What is context... Is a pullback that should be expected or a continuation. Is there a pattern area or maybee after three small 4h bars it is time for a breakout to happend. Thanks guys/kreslik forum - for inspiring me thinking... And not thinking alone... (I am a very lonely trader FYI)

Yesterday I stumpled over a long thread first one about "a bag of forex pair" peeeiuuhhh - big subject. then suddenly ended up with a "lawgirl" at forexfactory talking about a 3tap trade. Which is about a trade on the 1h chart. With a bar tapping 3 time on a given trendline. BANG go opposite.
Also you need to have RSI trend indicator short same trend as your wanna trade in all big timeframes. 4H Dayliand, Monthly.
As said, done. Se Chart below.
As I said I am not posting this to mix up this threads subject - just that it seem fitting in, in all this searching for tools about figuring out the priceaction secrets.

About space and adding up in such a good run - unfortuneally I havent got to that area yet... Trust me I will when my entrys are more regular succesfull. Look at the circle to see all the late orders for scaling up I have made, they were to late. I think I would like a EA that can execute a batch off orders along the target of profit taking.

Weel, Have a great weekend everyone out there...

us2000usd-h1-oanda-division4-4.png (82.71 KiB) Viewed 3437 times

[Mr. Hyde]

Hello ,

I just wanna tell how good and well i feels for me to check in on this thread every day. I really try to "understand" or just having a great time seeing how people are sharing and moving on with their personall trading style.THANKS

I would like to share a example from my own trading today. It is first time I post a chart so please bear with me - if it is stupid or inappropriate.

The thing is that I have tried seriously to pick up the things talked about in this thread.

It has lead me too look at overlay of 4h on 15m bars which has forced me to look, really look - "what happend when a new 4 hour bar opens. What is context... Is a pullback that should be expected or a continuation. Is there a pattern area or maybee after three small 4h bars it is time for a breakout to happend. Thanks guys/kreslik forum - for inspiring me thinking... And not thinking alone... (I am a very lonely trader FYI)

Next i stumpled over a long thread first one about "a bag of forex pair" peeeiuuhhh - big subject. then suddenly ended up with a "lawgirl" at forexfactory talking about a 3tap trade. Which is about a trade on the 1h chart. With a bar tapping 3 time on a given trendline. BANG go opposite.
Also you need to have RSI trend indicator short same trend as your wanna trade in all big timeframes. 4H Dayliand, Monthly.
As said, done. Se Chart below.
As I said I am not posting this to mix up this threads subject - just that it seem fitting in, in all this searching for tools about figuring out the priceaction secrets.

About space and adding up in such a good run - unfortuneally I havent got to that area yet... Trust me I will when my entrys are more regular succesfull. Look at the circle to see all the late orders for scaling up I have made, they were to late. I think I would like a EA that can execute a batch off orders along the target of profit taking.

Weel, Have a great weekend everyone out there...

us2000usd-h1-oanda-division4-4.png

Its never stupid to post a chart. Its stupid not to post a chart when trying to learn to trade. U have ur "lawgirl" and 3 tap trade and I have my DC 123 trade. Posting what we know and when we make mistakes is how we learn. MO just kindly offered me advice for my trading today. Never would have happened if I didn't post.

Plus we all have different views of idea's/subjects. Example: currently I feel this thread is about making lines and then using those lines to trade weekly candles. My style is making pips and then trading from/to the weekly extreme. Very similar. In my chart I traded this week from the high to the low and last week from the high to the low and the low to the high.

eurjpy-m15-fx-choice-limited.png (60.74 KiB) Viewed 3449 times

Plus the more post/threads posted, the more info shared. The more info shared the better chance at members succeeding.

[Mira]

eurjpy-m15-fx-choice-limited.png

Plus the more post/threads posted, the more info shared. The more info shared the better chance at members succeeding.

Nice chart Mr.Hyde! Thank you for sharing, I need to learn 1-2-3 too! It looks as a very clean way too SEE.

I am still working on angles, I'm marking up charts everyday trying to find confidence in what I'm doing.

IMG_2109.PNG (94.26 KiB) Viewed 3464 times

IMG_2110.PNG (92.21 KiB) Viewed 3464 times

[Pjort]

Hello Mr.Hyde
Thank you very much for the friendly reply.
And looks like a great setup you are running,
Funny enough I SEE some 3taps trade at those 123 your self have pointed out and traded.,..
Best from me

[Mira]

Hello Mr.Hyde
Thank you very much for the friendly reply.
And looks like a great setup you are running,
Funny enough I SEE some 3taps trade at those 123 your self have pointed out and traded.,..
Best from me

Hi Pjort! I'm happy you found what works for you.
Momentum/body/"{" shows the way, like MO said.

If 3taps are your pattern then the BANG is your breakout, wait for the price to come back and trade away from that pattern.