Lem's Big Box O' Stuff.

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 3184
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 2303
Gender: None specified

Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Fri Feb 01, 2019 10:31 pm

TheRumpledOne wrote:
LeMercenaire wrote:I've been thinking about where to begin this journey. My usual stuff is already out there and if anyone wants info - everyone knows to just ask. No, I wanted to kick off with something new (or new-ish anyway).

By that, I mean you will have seen all the individual elements before but as I said in my intro, I have been trying to replicate / approximate the kind of methods I once used. Reason being, they were based in the longer time frames.

Thing is, this still ties into my work just now, as in reality, these can be converted quite easily to run on the scalping grounds, so nothing really has to be learned anew.

So to start with I was looking at the H4. This particular doo-dah also runs very nicely on H12 but not always on Daily. Reason being, there is almost by definition, a certain amount of information lag once you get into the Daily. So for now, I'll set that aside. We'll come back to it later with something else.

Ok. The chart and its elements.

H4 (Here AU, which seems to be well suited).

Screenshot 2019-01-31 at 20.52.52 - Edited.png

Ichimoku Kinko Hyo (9 16 52 0)
We include the Tenkan Sen along with the Senkou Span A and Senkou Span B but not Kijun Sen or Chikou Span.
MACD Histogram (5 3 3 0) (In Upper Window)
MACD Histogram (26 12 9 0) (In Lower Window)
EMA 30 (Close 0)

This is a method so devoid of tension and hassle, so supremely laid back, that you'd think it had been taken out of school and raised on a farm by Cheech and Chong.

We can investigate the subtleties involved in the trade management and even best-price entry techniques and how to maximise your return at a later date. For now, the basics are:

The Lower MACD gives directional bias.
The Upper MACD is involved in the trigger. It is the hammer on the gun, if you will. One step removed from ''bang''!

If we were looking for a long entry, we would be looking at the L-MACD to show in the upper half, ideally having just moved into the upper half from the lower.
We then wait until the U-MACD gets over onto the same side too. Now, we don't want to be going in here, what we are looking for is for the U-MACD to drop back down to the lower half and then if / when it turns back up, that's when we look to get in on the action.

Now, I've gone over the MACD stuff first but that's actually not a prerequisite, as each of these listed ''steps'' is of equal importance. Bearing that in mind, we'd then also be looking for price to be above (a) the cloud and (b) the 30 EMA.

We can suffer it being just inside or flirting with the edge but it needs to be giving signs of wanting to leave.

I could begin to talk about the way you can take the angle of the cloud into account. Or price sitting between the EMA and Tenkan Sen and what signal candles we can find in there.

Or how fibs can give you an insight into the invisible lines-in-the-sand we seek to fine tune or give us confidence in our entries.

However, for now, I won't, as that's going to lead us into how we act once we're in a trade and how to stack and...and...and...

We'll get to that. For now, if this is something that may be of interest, maybe chuck the stuff on a spare chart. See what you think.

Some pairs will suit more than others, I've got it on AU here as I know it suits that pair. Just a cursory look back in time will let you know if the one you are looking at has a chance of working out. If not, into the bin with it and find one that does.

Once again, I can 100% guarantee that you will have seen most if not all of these elements used elsewhere before, I make no claim to ownership of any of the techniques here. I have read, studied, been taught and used, so many different techniques that I genuinely couldn't tell you where I first saw or heard about any of them. The point is, nothing here is commercial property and so we are free to use them as we please.

After all, all we are doing here is building a base framework into which we can look to fit our fine tuning born out of the fine work done here on Kreslik already.

A little bit of cross breeding never did anyone any harm, right :P


I SEE SQUIGGLEYS :shock:


Fear not. We will make them our slaves to the Lord of The Line! :D

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 3184
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 2303
Gender: None specified

Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Fri Feb 01, 2019 10:34 pm

Columba wrote:Quick look at a few pairs on the H4 (good TF for me). The xJ pairs, of course with the Ichi in play, plus it looks like NU and GU and the aforementioned AU, possibly others from the xU family and maybe some other strays. At about two entries a month, maybe more or less, it looks like a very interesting dish you are cooking up.

Quite interested in your next discussion on this.


Good, good. Getting folks interested is what this is all about just now.

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 3184
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 2303
Gender: None specified

Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Fri Feb 01, 2019 10:38 pm

BlindMan wrote:Quick questions Lem if you don't mind.

LeMercenaire wrote:Thing is, this still ties into my work just now, as in reality, these can be converted quite easily to run on the scalping grounds, so nothing really has to be learned anew.

So you can use this with higher timeframes and lower timeframes?

LeMercenaire wrote:Ichimoku Kinko Hyo (9 16 52 0)
We include the Tenkan Sen along with the Senkou Span A and Senkou Span B but not Kijun Sen or Chikou Span.
MACD Histogram (5 3 3 0) (In Upper Window)
MACD Histogram (26 12 9 0) (In Lower Window)
EMA 30 (Close 0)

I get how you use them, but how did you come up with those numbers for the parameters? Or, why do you use those specific settings?

Thanks!


The settings are the ones in combination that most closely give me the same results as the prop software I'm looking to ''fake''.

I actually found them being used in this way in another method (as I said, I have amassed by osmosis a huge amount of info across many, many, many different methods and I genuinely have no idea where I saw them first however).

User avatar
forexhell
rank: <50 posts
rank: <50 posts
Posts: 29
Joined: Tue May 22, 2018 1:52 pm
Reputation: 11
Gender: None specified

Re: Lem's Big Box O' Stuff.

Postby forexhell » Sat Feb 02, 2019 11:16 am

cT_cs_3400674_AUDUSD_2019-02-02_12-14-09.png
cT_cs_3400674_AUDUSD_2019-02-02_12-14-09.png (117.73 KiB) Viewed 5901 times


Last year 1st February ... green line the right place to go short ?

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 3184
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 2303
Gender: None specified

Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Sat Feb 02, 2019 4:05 pm

forexhell wrote:cT_cs_3400674_AUDUSD_2019-02-02_12-14-09.png

Last year 1st February ... green line the right place to go short ?


Yep, spot on. Although the Upper MACD didn't flip over much of anything, I am not hugely precious about it if it has shown signs of doing so - ie, fades to nothing or even as an aggressive entry, reduces in size (can be risky but just for info's sake).

Now, I have to temper this by saying that that is more of a scalper's entry, as done down on the m1 or the tick chart level - and when you are up high on the H4 or whatever, you can afford to wait until you get a short break of the last low. Even then looking for a break and a retest of that level.

If this was me scalping, then I would be looking for a clear rejection candle, which you would find farther down a number of times. These entries can be seen to be backed by the Double MACD set-up as well. On the H4, these would not be initial entries (unless you'd missed the first bite) but add-ins to the running trade.

I'll also be talking in following posts about how I will use trailing fibs to manage add-ins and hedging trades as well.

(As an aside, you can see that the second pullback is also a major Z-Line off the level formed off to the left where price ducked into the cloud).

My techniques: Layers upon layers, upon layers. All complementing each other perfectly.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
forexhell
rank: <50 posts
rank: <50 posts
Posts: 29
Joined: Tue May 22, 2018 1:52 pm
Reputation: 11
Gender: None specified

Re: Lem's Big Box O' Stuff.

Postby forexhell » Sun Feb 03, 2019 7:34 am

cT_cs_3400674_AUDUSD_2019-02-03_08-17-12.png
cT_cs_3400674_AUDUSD_2019-02-03_08-17-12.png (106.71 KiB) Viewed 5807 times


Okay, so for trading off the 4H, the entry would be more down where I drew the 2 lines?

Don´t know enough about Z-Lines. Are those the lines "dragon33" brought up?
MO posted a screenshot of a "Best Of Compendium" PDF file.
Unfortunately I couldn´t find it anywhere.

I better wait till you and other more experienced members are posting charts.
I am curious about the scalper´s entries because it seems for the 4H we are talking about a 50-80 Pips StopLoss. :shock:

Have a great SuperBowl Sunday !! :mrgreen:

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 3184
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 2303
Gender: None specified

Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Sun Feb 03, 2019 4:01 pm

forexhell wrote:cT_cs_3400674_AUDUSD_2019-02-03_08-17-12.png

Okay, so for trading off the 4H, the entry would be more down where I drew the 2 lines?

Don´t know enough about Z-Lines. Are those the lines "dragon33" brought up?
MO posted a screenshot of a "Best Of Compendium" PDF file.
Unfortunately I couldn´t find it anywhere.

I better wait till you and other more experienced members are posting charts.
I am curious about the scalper´s entries because it seems for the 4H we are talking about a 50-80 Pips StopLoss. :shock:

Have a great SuperBowl Sunday !! :mrgreen:


The second line for e is a Z-Line and so the entry would be when price came back up to test that level.

For an old-school 'M/W' entry, you would go in straight as price broke the first 'last major low.'

Columba
rank: 50+ posts
rank: 50+ posts
Posts: 61
Joined: Fri May 21, 2010 4:50 am
Reputation: 34
Location: OR
Gender: None specified

Re: Lem's Big Box O' Stuff.

Postby Columba » Sun Feb 03, 2019 6:45 pm

LeM --

You are electing not to use the Kijun or Chikou spans in your template. (fine) Do you see the EMA 30 as a kind of (better) substitute for the K-S (based on 26 periods though a different calculation)? While they do not precisely print over each other, they do seem to be similar. I am wondering if they will have a similar function once you unpack more on your H4 chart for exits and retrace entries/stacking?

We wait with interest.

C

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 3184
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 2303
Gender: None specified

Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Sun Feb 03, 2019 8:51 pm

forexhell wrote:cT_cs_3400674_AUDUSD_2019-02-03_08-17-12.png

Okay, so for trading off the 4H, the entry would be more down where I drew the 2 lines?

Don´t know enough about Z-Lines. Are those the lines "dragon33" brought up?
MO posted a screenshot of a "Best Of Compendium" PDF file.
Unfortunately I couldn´t find it anywhere.

I better wait till you and other more experienced members are posting charts.
I am curious about the scalper´s entries because it seems for the 4H we are talking about a 50-80 Pips StopLoss. :shock:

Have a great SuperBowl Sunday !! :mrgreen:


My way of running Z-Lines (and I stress, my way...the definitions vary, I just like this way's simplicity) is that a Z-Line is a level formed when a ''Pointy-Place'' is breached by momo and extends fwd in time from there.

Very often these will tie into 50% retracement levels.

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 3184
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 2303
Gender: None specified

Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Sun Feb 03, 2019 8:55 pm

Columba wrote:LeM --

You are electing not to use the Kijun or Chikou spans in your template. (fine) Do you see the EMA 30 as a kind of (better) substitute for the K-S (based on 26 periods though a different calculation)? While they do not precisely print over each other, they do seem to be similar. I am wondering if they will have a similar function once you unpack more on your H4 chart for exits and retrace entries/stacking?

We wait with interest.

C


I like and use the 30 ma because I also use it with a 90-tick chart scalp method. It is always a good servant on any method that uses pullbacks for entries.

Having the Kijun and Chikou spans on there as well, simply over-eggs the pudding for me.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”