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es/pip
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Postby es/pip » Wed Jul 01, 2009 3:46 am

just my own stuff----not an agent

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pierre23
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Postby pierre23 » Wed Jul 01, 2009 3:55 am

oh ok, good stuff.

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monolisa
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Postby monolisa » Wed Jul 01, 2009 6:22 am

Here's another attempt on the zero zone trade.

Chart:
GBPUSD Constant Range Bar (11) Chart
-GBPUSD was chosen as it has relatively high daily range and low spread
-Constant Range Bar was used to better illustrate support/resistance levels and consolidation periods.
-CRB period of 11 was the median range of M5 (1440) range count

Indicators used:
1. TRO_PLOT (H4,D1,W1,MN1 only, 0,1,2 look back period)
2. SweetSpotGold (major 50 pips, minor 25 pips)
3. Custom Candle (showing H4)
4. 3 Level ZZ Semafor TRO Modified version (only showing the semafors)
5. Heiken Ashi

2 zero zones were used the 2 blue shaded areas).

There was a breakout @ 1.64370
HA signaled trend reversal @ 1.64620.
Short @ 1.64500 (SL 1.64620).
Followed the trend using HA price action.
Cover @ 1.63880 at the lower zero zone (this one was almost 5 days old!), note a 3 semafor was formed.
Interestingly the upper zero zone was "wicked" if you look at the current H4 candle.

Thanks TRO, MO, es/pip and dchappy for the indicators and wonderful trading ideas.

All comments are welcomed.

Lis
Attachments
gbpusdmr10c.gif
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zapzinig
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Postby zapzinig » Wed Jul 01, 2009 12:01 pm

monalisa,

how do you make a conatant range bar chart?

Thanks,
--ZZ

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monolisa
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Postby monolisa » Wed Jul 01, 2009 12:25 pm

I got it from MQL service shop (mqlservice.net).

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

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Postby zapzinig » Wed Jul 01, 2009 2:12 pm

thanks Lis.
-ZZ

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MightyOne
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Postby MightyOne » Wed Jul 01, 2009 2:14 pm

I have constant range bars, but I do not use them because time is equally as important as price.

I almost want to say that time is more important than price :shock:

I guess that makes the most important indicators a set of period converters.

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monolisa
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Postby monolisa » Wed Jul 01, 2009 2:26 pm

MO,

I recall that you use a number of TF other than the ones in MT4 (eg. 130m). Are you still using it?

I also remember you mentioned that using a combination of TF (eg. M10, M20. M30, etc) might help. Are you able to elaborate on how these TF could be used for trading?

I am still trying to find out which setup (Range based vs Time based - even tick based) is useful for high range pairs like GBPUSD.

THanks for your help.
Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

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es/pip
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Postby es/pip » Wed Jul 01, 2009 2:43 pm

e/j swing trade just hit target


a couple others from today


see held profit and then take it from others

doesn't get much simpler than that


Image

Image

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monolisa
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Postby monolisa » Wed Jul 01, 2009 2:56 pm

Good trade, es/pip.

Lis
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