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Relativity
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Postby Relativity » Sun Mar 13, 2011 10:32 pm

Example trade (FYI I did put my money on the line here)

Entry = Trade Short
Session = Long and starting to turn Short
Day = Long
Week = Short


Short GBP/USD
Open 1.60891
Stop 1.61041
Limit 1.60441
Open Time (Broker Time @ UTC) 13/3/2011 18:18
WIN (Broker Time @ UTC) 14/3/2011 03:30

Currently at +15.
Came home to see a nice profit 8)
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Last edited by Relativity on Mon Mar 14, 2011 11:10 am, edited 1 time in total.

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TheRumpledOne
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Postby TheRumpledOne » Mon Mar 14, 2011 8:36 am

Relativity wrote:Anyway if you notice about the coding, its a little 'messy'. There's a lot of 'stuff' I want to do but didn't have the time/don't see it as really essential yet. After all, trading is the most impt, not coding.


Yes, but making it easy to use, is the idea in the first place.

BTW: Is "raging" supposed to be "ranging"? LOL!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

Relativity
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Postby Relativity » Mon Mar 14, 2011 11:19 am

TheRumpledOne wrote:
Relativity wrote:Anyway if you notice about the coding, its a little 'messy'. There's a lot of 'stuff' I want to do but didn't have the time/don't see it as really essential yet. After all, trading is the most impt, not coding.


Yes, but making it easy to use, is the idea in the first place.

BTW: Is "raging" supposed to be "ranging"? LOL!


e.g. Up RT raging means Up RT TCD is active and I need to respect the up 'trend' and trade with it. Like I would not want to fight against the 'rage' of the 'trend'. I want to know how 'loud' the 'rage has been so far, since sooner or later, the 'rage' will weaken/die down. The louder the better. Thats the best point of entry (according to timeframe of coz).

I couldn't think of any other word. LOL!

Relativity
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Postby Relativity » Mon Mar 14, 2011 1:39 pm

For those who want to understand how basic SB works :

1-Put this at a M15 chart.
2-Enter when you see the lines cross. Don't think LOL.

There!
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Postby TheRumpledOne » Tue Mar 15, 2011 12:41 am

Image

Thought I would help you out with some coding to make it easier to use.
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Relativity
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Postby Relativity » Tue Mar 15, 2011 1:45 pm

Standard Price Movement DNA
Dominant Standard SB is ALWAYS above Omega vs Dominant Real Time

The key is to understand :

1- How far both lines are away from Dominant Standard SB
2- How are Omega and Dominant Real Time 'fighting' against each other

The number at the top represents this interaction using pip value :

If Omega < Dominant Real Time = Overbought/Oversold (negative)
If Omega > Dominant Real Time = Back to Normal (positive)

Usually its best if this interaction happens very near to Dominant Standard SB. If your SL is say 10 pips like mine, you want the Dominant Standard SB to be hovering 10 pips above both Omega & Dominant Real Time.

The more Overbought/Oversold (negative), the better; the longer the 'wick' we can now trade.

The final issue is always timing of entry. Let the other lower timeframe SBs help you out.
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Postby coneoftheyear » Wed Mar 16, 2011 12:14 pm

Relativity, could you please describe all of the lines on the chart? And I try to understand what you are writing about, but if you could make it a little more simple, like describing what exactly is the signal to buy/sell, should those lines cross or sth?

Relativity
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Postby Relativity » Wed Mar 16, 2011 3:32 pm

Sure I will try.

The basis of the entire system is built upon basic understanding of how basic SB captures price movement/DNA. One has to understand this 1st so we need to start here. This movement is found to be universal across ALL timeframes.

So lets examine basic SB (use Basic SB.mq4 or Basic_SB_TRO_MODIFIED_VERSION.mq4, not Basic SB D1 CC.mq4) in the most basic timeframe. M15 is chosen since it has good PTe ratio. PTe = Pip Time Efficency.
(ref : http://kreslik.com/forums/viewtopic.php?t=2853)

I aim to look for good average pip time efficency ratio of 1. Meaning, 1 pip movement between open to close within 1 min. This way one has some idea what to expect and how long. It also improved my perception on how much the market can really give. I used to be quite unrealistic in this, like looking for 100 pips in 1 hour (but NFP doesn't occur everyday lol).

Load it up. Expand the window and zoom in. You will see 2 lines, 1 red and 1 lime.

In basic SB, it uses these calculations for the lines
Lime = Long SB -> Previous High - Current Low
Red = Short SB -> Previous Low - Current High

Observe how these lines interact with each other. When one is above the other, it means it is the dominant SB in this timeframe. When trading, try not to fight it. Its like trading with the trend. e.g. when Long SB is dominant, only look to long. Especially when it is a recent crossover (in our case here, the last 15 mins), where Short SB decides to 'let go' and let Long SB take over its place.

The very 1st basic signal to trade here would be to trade the crossover at the very moment both lines are almost touching each other. This is when price and the previous dominant SB slowed down. You can see historically it shows the trend very well, when you compare it with the chart. The rest is a little practice.

What goes up must come down, but before it comes down, it must slow down and go sideways 1st. How long it will go sideways when the lesser SB is trying to take over the current dominant SB? According to pure observation and some common sense, the higher the timeframe, the longer it will go sideways. This is why learning from M15 1st is worthwhile, due to its good PTe. We do not need to wait too long. If we learn how to tackle and handle M15 correctly, then the only thing left to solve is measuring how long the bigger timeframes take to go sideways.

I survived 6 months using M15 basic SB ALONE! Just by scalping +5 pips with a 8 pip SL. But bigger timeframes are more profitable and less stressful, so I started to experiment around.

There is a 2nd way to use the basic SB, but it is more tricker. If you noticed, upon EVERY crossover, the dominant line is pointing up. At some point, it will start to even out, dip and then lose its domainance. This is also a valid entry signal; to trade the reversal. This is especially true for larger timeframes and not so obvious on smaller ones. But you should be able to see it anyway.

The problem now is how do we know the peak? I didn't solve this problem until recently. But lets focus on the 1st signal.

-------------------------------------
PTe = Pip Time Efficency
Long SB = Previous High - Current Low
Short SB = Previous Low - Current High
Dominant SB is Long = Long SB > Short SB
Dominant SB is Short = Short SB > Long SB

Relativity
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Postby Relativity » Wed Mar 16, 2011 4:23 pm

How I survived for 6 months.

1-Download Drain The Banks
http://kreslik.com/forums/viewtopic.php?t=2095
2-Apply Basic SB.
3-Set trading platform entry : SL 8 pips, TP 5 pips.
4-Only trade when price is in the rat zone.
If in high rat zone + short SB dominant = enter short
If in low rat zone + long SB dominant = enter long

You should be able to see something every obvious.

Relativity
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Postby Relativity » Tue Mar 22, 2011 5:48 pm

Coming soon... Decision Grid!!

Trying to make my life easier =P

The decision grid is based on Elder's Triple Screen and some basic understanding of wave analysis; this helps to reduce whipsaw.

http://forum.masterforex-v.su/index.php?showtopic=14643
http://masterforex-v.su/forex001002003.htm

This is also why trading along with W1 + H1 color (say both W1 and H1 are green for long) is safe for new traders (even through the D1 is red). Saved me many many times and also helped me catch pips I've never expected : my personal best was 80 pips with and 8 pip stop loss.

Its funny because I actually went to bed, woke up next morning and went to work while it continued running. I didn't worry! 8)
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