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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

zapzinig
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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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monolisa
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Postby monolisa » Wed Jul 01, 2009 3:06 pm

Trading zero zones on M5!! :shock:

Next chart using constant range bar for comparison.

Thanks blubb for the visual ordering EA.

Lis
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MightyOne
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Postby MightyOne » Wed Jul 01, 2009 3:59 pm

The best setup is a combination of time and price that also answers the question: did the highest high or lowest low come last?

An example would be to color the body of a candle red if price made a lower low last. If you did this then you would have a complete set of information.

I still use period converters as well as spacial intellect and graph paper to analyze the market from the top down and consider the possible value of a lot as it relates to position.
I then trade the smaller time frames with my notes beside me.

HOURS and HOURS of studying goes into mapping where I am in the grand picture and analysis BEFORE I place a single trade.

It may sound ridiculous and even unnecessary, but I eat traders for breakfast and I am still starving :shock:

Traders like to show their 60-200 pip gain that they caught using their little system and no thought, but I see the same traders years later without hundreds of thousands let alone millions and it is all do to their failure to plan.

monolisa wrote: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

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monolisa
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Postby monolisa » Wed Jul 01, 2009 4:17 pm

MO,

So the best setup would be time-based charts with the most recent highest high/lowest low marked? How far do you look back when you identify these highs/lows?

I understand the need to plan for trading. However, where should I start (eg. monthly chart) and which important areas I should concentrate on?

Thanks

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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