Sam Seiden "Transcripts" from fxstreet

[bredin]

Ive been thinking about it. It looks a lot better in realtime than the last abomination I posted

I am working with it at the moment and taking some trades off it: take a look



This might be one indi I hang on to, but will probably release with enough peer pressure

G.

[frang0nve]

This might be one indi I hang on to, but will probably release with enough peer pressure

G.

Cheers

Francisco

[jarnapal]

Ive been thinking about it. It looks a lot better in realtime than the last abomination I posted

I am working with it at the moment and taking some trades off it: take a look



This might be one indi I hang on to, but will probably release with enough peer pressure

G.

Oh yes we want it !

Is your target 123.10 on this trade ?

[bredin]

In theory my target is 123.169, i got a better price for my long entry than the zone suggested I actually got a bit better than 124.930 too. This of course means that I could use a tighter stop and thus make higher profit...


G. (waiting for the pressure to build to untolerable levels)

[frang0nve]

G. (waiting for the pressure to build to untolerable levels)

[bredin]

That is so funny



version 2 with color change for retouched zones and eliminating new zone until it is validated.

G. (now wearing his pressure suit)

[Patch]

bredin

Great chart posted immediately above.

I would love to see this very same chart with 3semafors indi.

Also looking at the lowest white buyzone, compared to the ones above, they seem to be the result of a retracement while the bottom zone is being touched by a trend direction change.

What do you think? Is a different color in order?

Patch
InVA

[bredin]

long story short, the zones end up conforming mostly to 3 semas, although its not coded explicitly to do so. A sema will appear long before the zone is displayed, since the zone does not appear until price leaves it for a while.

the difference in color is a case that the lighter colored zones have been revisited, which is a possible trade signal. zones last until they are destroyed by price passing through the zone completely.

mostly the zones should show rally-base-drop or drop-base-rally, the indi is meant to show s/d imbalance, which it does not do perfectly but is pretty good as far as I can tell.

G.

[Patch]

bredin

With your explanation I am beginning to see. Very nice. Would you consider posting your coding. If one's trade plan calls for a retrace before entry, you have the key to the pip vault. Very elegant.

Patch
InVA

[bredin]

I am currently observing this indi live on M5 charts to see its functionality, making potential trades as I go..

If you look on EJ H1 you will see that although price returned to the zone in the second hour of today it bounced off it again.

Overall...
W1 says Trade DOWN
D1 says Trade UP (W1 retrace?) 825 pips to next supply
H4 says Trade DOWN (D1 retrace?, W1 continuation?)
H1 says Trade DOWN

Hmm, what should I believe?

Think my trade is probably right, but not 100% sure now that its touched for the 3rd time, if price breaks above the zone im thinking up (126.91 or so)

time will tell
G.