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124 replies to this topic

#101 David

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Posted 16 January 2016 - 04:43 PM

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Moe's account just got disabled. Bottom line here is everyone can use any strategy they want that others have made to help improve one for their own or for use for the community. Give credit where credit is due though. In any case, that is the whole damn reason why I made the forum. If people want to give others shit about it, and not constructive critisism then they are getting banned. Flame wars back and fourth after I repeadedly asked people to stop doesn't fly here.
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#102 Xman

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Posted 16 January 2016 - 05:55 PM

Funny how emotions get disproportionate when it's put in writing.
This forum is about helping each other becoming better traders.
If you're not open to that, just read, don't post.
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#103 deejayms

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Posted 16 January 2016 - 10:22 PM

anyway.......

 

from my experience price will retrace to any level depending on it;s strength but the strongest level i see it retrace to is the previous s/r line, for eg http://prntscr.com/9r30i7- you can see the break of resistance then when price comes back to that line send it on it;s way.

 

the previous s/r level can be any fib line depending on trend strength so the most powerful pullback point to my eyes is previous s/r - eg of down trend: http://prntscr.com/9r327f

 

so the best way to trade this is to set up your S/R lines (if you don't know how to draw S/R lines to babypips to help you identify them) and ONLY take trades that retrace to that level. the old age concept old resistance becomes new support and visa versa is a very powerful way to trade.

 

http://prntscr.com/9r353v- you gotta be fast with your lines but if you see this one is clear support on a larger time frame http://prntscr.com/9r35ry

 

you could take it one step further and look for doji entry candles at your s/r lines, instead of hitting them blind. mtf line alert should be used to let you know when your s/r is broken then all you have to do is wait for the price to come back to the  S/R line - if it doesn't (and it doesn't most of the time) then wait for next opportunity.

 

if price closes beyond your S/R line don't take the trade, it could mean some reversal and means you don't exactly know whats gonna happen.

 

some different S/R at work here http://prntscr.com/9r3956, when a candle break your S/R line wait until 2nd peak is formed and bounces then draw a trend line on those 2 peaks - the hottest trade here is the 3rd touch - an example of an uptrend :http://prntscr.com/9r39zh, you can see price broke resistance - the point of entry didn;t come for another 30 minutes after line was plotted but trades like these are worth the wait and if you open enough pairs and set your line alerts up then you can get a lot of good entries with ranging S/R and trend S/R - you gotta be fast drawing them though so as soon as you get a break out look to draw your trend line and look for price retracement to s/r for entry then look for entry on trend line bounce so 2 trades in total on every little trend break.

 

I post this to help myself remember the power of S/R, when price flies up or down it;s always looking for a previous point to hang at. hope some of this makes sense lol

 

this guy explains it really well in this video and should be watched more than once for everyone, he's after pips but the same theory is applied to BO

 

i was trading breakouts blind but the main problem i faced was the retrace - so now i look to take trades from all retrace points.


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#104 rahul111

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Posted 17 January 2016 - 12:16 AM

Hey

 

Here is a major update to this strategy. I used it quite constructively last week and got some good numbers which has grabbed my attention because of the volume of trades are more and it goes with the trend as well.

 

After you install the indicator provided by Nedd. Special thanks to him for his good work. It will draw fibo automatically only when there is a probable setup.

 

Rules for Buying a CALL for 60 Seconds are as follows:

 

1. Check chart every 15 minutes

2. Once the trend matches it will automatically draw a FIBO with levels marked on it.

3. Once the price touches 78.6 we will immediately enter a 60 second CALL at the touch of the line and we will not wait for the candle to close.

 

Dont's

 

1. If the price has resisted at 61.8 and we have one candle bullish after the touch of 61.8 then we will not take the trade at 78.6 and the setup is invalidated

2. We will not take a trade if price has broken the FIBO channel and made a new low because once is makes a new low and then it hits the 78.6 level it has less attention to the level and more attention to breakout so we will avoid that as well.

3. If one same candle breaks 38.2/50/61.8/78.6 then avoid the trade because its again a sign of breakout.

4. Do not trade in markets which are sideways and not trending at all.

5. Do not trade if the fibo is plotted only on a 2-3 candle. For a good trade it must have some breathing space between levels so that it can take support.

6. Do not trade when lines are way to close to each other

7. Do not trade after 10 minutes have passed after the fibo has been plotted as the best trades occur in first 7-10 minutes. After that it goes towards the breakout

8. Dont trade on retests of any levels

 

If you avoid simple methods of not trading and use it constructively then the chances of ITM are very high.

 

The best setups are when price is directly coming down to 78.6 without resisting at 61.8.

 

Attached is a screenshot which describes how the FIBO channel is broken first before coming to 78.6 and we have to avoid this trade.

 

PROS

 

1. Too many setups across 10 currencies so you can choose the currency which is trending nicely

2. Follows trend

 

CONS:

 

1. There are instances where at one point of time you will have trade setups in more than 5 currencies and gets difficult to enter all but you can choose which has the best trend and enter that trade

2. It updates every 15 mins so it will keep you active every 15 mins as you need to keep a check every 15 min.

 

 

Attached Files

  • Attached File  void.png   291.99KB   5 downloads

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#105 rahul111

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Posted 17 January 2016 - 12:18 AM

I will keep posting trades based on the rules above and to tell you a true story that The ITM% is similar to TMF but it gives way more opportunities than TMF on any given day.

 

Hope we all are able to follow it and achieve the same ITMS

 

Goof Luck


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#106 ktop1800

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Posted 17 January 2016 - 05:26 AM

Cant you make an EA on THIS ?

 

I will keep posting trades based on the rules above and to tell you a true story that The ITM% is similar to TMF but it gives way more opportunities than TMF on any given day.

 

Hope we all are able to follow it and achieve the same ITMS

 

Goof Luck

CANT YOU MAKE AN EA ON THIS ?



#107 deejayms

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Posted 17 January 2016 - 07:29 AM

Rahul - maybe you should just trade this yourself and see results after a few weeks, if results are still good come back and update the thread - otherwise there;s too many threads started based on a couple days good results then when the results fail a new indi is added or a new fib line is stronger etc etc or an update to strategy, almost every thread has gone this way and then when all the updates are done and the strat still fails the thread dies off.

 

why try to re-invent the wheel, there;s a load of threads on here already about fib retrace and other cool PA stuff.


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#108 skyler

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Posted 17 January 2016 - 08:42 AM

@deejayms you would like to get all when everything are ready? The forum idea its we testing everything together and helping for author upgrade system... 

 

I'm sure that when authors read comments such as yours, it takes away their motivation to work...


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#109 BOELele

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Posted 17 January 2016 - 10:13 AM

Indicators on this thread: http://www.binaryopt...ge-2#entry55030

hi ghogreenqtea, FibMTF v0.2a(fixed) or v0.2b1?



#110 deejayms

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Posted 17 January 2016 - 12:22 PM

@deejayms you would like to get all when everything are ready? The forum idea its we testing everything together and helping for author upgrade system... 

 

I'm sure that when authors read comments such as yours, it takes away their motivation to work...

 

well there is the strategy development section - this one belongs there in that case. Maybe you have the time to help someone test another thing they've only seen a few days partial success from but i don't.

 

threads like Hubba Hubbas and others should be kept alive where we can see live results, forward trading and relative success.



#111 BOELele

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Posted 18 January 2016 - 09:51 AM

https://i.gyazo.com/...f8028e1e3f4.png

hi good people, what's wrong here? why OTM?



#112 rahul111

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Posted 18 January 2016 - 10:42 AM

https://i.gyazo.com/...f8028e1e3f4.png

hi good people, what's wrong here? why OTM?

it you entered at 78.6 then definitely its a win


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#113 rahul111

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Posted 18 January 2016 - 01:14 PM

Perfect...

 

684bb6c98051932e010f624c26226c03.png
https://gyazo.com/68...10f624c26226c03



#114 deejayms

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Posted 18 January 2016 - 04:02 PM

 

lol


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#115 rahul111

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Posted 20 January 2016 - 05:08 AM

This is CLASS !!!

 

95efbb7487be4a23f9bffad51bdf0e06.png
https://gyazo.com/95...9bffad51bdf0e06


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#116 rahul111

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Posted 20 January 2016 - 05:08 AM

I use one same template for HTT and TMF so kindly excuse if you see all other indicators as well on the above chart


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#117 rahul111

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Posted 20 January 2016 - 05:11 AM

60 Sec at its best...

 

4337b60f5e911b9a25e6730fae9f224a.png
https://gyazo.com/43...5e6730fae9f224a


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#118 rahul111

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Posted 20 January 2016 - 05:43 AM

Speaks for itself...

 

25f58bcceb8af262b774eb0d7edfde43.png
https://gyazo.com/25...774eb0d7edfde43


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#119 holyfire

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Posted 20 January 2016 - 06:45 AM

Please give a short snapshot of the fib settings, not sure about the H4 candle - its both?  , its current and last candle?


Sorry friends. I will do no further coding.


#120 rahul111

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Posted 20 January 2016 - 10:17 AM

Please give a short snapshot of the fib settings, not sure about the H4 candle - its both?  , its current and last candle?

 

I am using manual fibo because I dont find the indicator to be correct because it does not draw fibo accurately from high to low. If market makes a new low in the first minute the indicator ignores that and it starts looking for new low after the first minute which is incorrect for my strategy.

 

I am more comfortable looking at current candle. If current candle does not give indication then i just see all the 4 candles as a whole to judge which side market is moving






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