"Golden Arches" Project
- Thread starter ElectricSavant
- Start date
ES, two things.
1. On the USDCHF, can you see the natural rhythm of the price action, look at how the price action respects the cv lines
2. Your spread between the CV levels is about 250, it would be wise to place your stop before it hits this, so, divide the 250 by the total number of CV levels, that would give you 50. I don't know if these spreads change or not but if they do just recalculate. The 250 was an estimate from your chart, if you get a floating marker on the levels you just subtract one level price from the other and that will give you your level spread.
The Ever Curious VIPER
1. On the USDCHF, can you see the natural rhythm of the price action, look at how the price action respects the cv lines
2. Your spread between the CV levels is about 250, it would be wise to place your stop before it hits this, so, divide the 250 by the total number of CV levels, that would give you 50. I don't know if these spreads change or not but if they do just recalculate. The 250 was an estimate from your chart, if you get a floating marker on the levels you just subtract one level price from the other and that will give you your level spread.
The Ever Curious VIPER
it seems that that would be a high probability entry...but everything needs to be tested...
lets watch and see what happens.
i am looking forward to getting more timeframes, maybe we can get lucky and the programmer (s) will provide it...
lets watch and see what happens.
i am looking forward to getting more timeframes, maybe we can get lucky and the programmer (s) will provide it...
ES,
Please be aware that the CR indicator repaints the past. After looking at how the indicator changes, I definitely think you should not buy at the different bands. The best use of the indicator would probably be only giving you an indication of the overall trend, however, the band would be very wrong when the trend changes. There is no way the indicator can capture that. Sorry to be the wet blanket, but it is the nature of channels.
JB3
Please be aware that the CR indicator repaints the past. After looking at how the indicator changes, I definitely think you should not buy at the different bands. The best use of the indicator would probably be only giving you an indication of the overall trend, however, the band would be very wrong when the trend changes. There is no way the indicator can capture that. Sorry to be the wet blanket, but it is the nature of channels.
JB3
rjb, good stuff! Sorry for the late reply.
Folks, what we have here is the incorporation of a few things.
1. stdDev (glad to see that and gives me more confidence) in terms of Hi/Lo price such that 100% of price action is contained within. We could easily have used sigma 1,2,3.
2. Long term trend CR
3. Fib Ratios for everything in between
4. This method includes Fibs on Price and Time
5. Indicator now fits all symbols fairly consistently.
6. Cleaner than BBANDS
Btw, try 0.618 and 0.382 as the two settings. Everything else is a "derived" Fib number. (382 shows more support/resistance).
Now here is the warning. Do Not believe the Highest and Lowest band as true support and resistance. They are fixed to the highest bar and lowest bar and WILL change for every new high and low and then the entire curve will reshape to look perfect.
(think of a typical fib retrace indicator where you set the peak and trough and fib values are derived based on Price only, X axis. Now think of a regressed curve where the peak and trough are measured, X and Y axis. The neat thing is the typical user looks at the highest and lowest points for retracements where the CR user looks for the farthest points-there is a difference!)
Having said that, a long term CR is less likely to change dramatically as we all know by now (virgins are the best). And following a new high or low, the curve is again trustworthy until the next NEW h/l.
So here is what I am thinking:
In an Uptrend(CR):
Buy 1 lot at 382 and sell at CR.
If not sold, buy 2 lots at 618 and sell ALL at 382.
The uptrend itself will help u even if you screw it up.
eg: GBP/USD, AUD/JPY,USD/CAD....(DAILY)
too tired right now as I am coding too many things at once, but tommorrow I will try to investigate this furthur, specifically historically how the curve changes.
Folks, what we have here is the incorporation of a few things.
1. stdDev (glad to see that and gives me more confidence) in terms of Hi/Lo price such that 100% of price action is contained within. We could easily have used sigma 1,2,3.
2. Long term trend CR
3. Fib Ratios for everything in between
4. This method includes Fibs on Price and Time
5. Indicator now fits all symbols fairly consistently.
6. Cleaner than BBANDS
Btw, try 0.618 and 0.382 as the two settings. Everything else is a "derived" Fib number. (382 shows more support/resistance).
Now here is the warning. Do Not believe the Highest and Lowest band as true support and resistance. They are fixed to the highest bar and lowest bar and WILL change for every new high and low and then the entire curve will reshape to look perfect.
(think of a typical fib retrace indicator where you set the peak and trough and fib values are derived based on Price only, X axis. Now think of a regressed curve where the peak and trough are measured, X and Y axis. The neat thing is the typical user looks at the highest and lowest points for retracements where the CR user looks for the farthest points-there is a difference!)
Having said that, a long term CR is less likely to change dramatically as we all know by now (virgins are the best). And following a new high or low, the curve is again trustworthy until the next NEW h/l.
So here is what I am thinking:
In an Uptrend(CR):
Buy 1 lot at 382 and sell at CR.
If not sold, buy 2 lots at 618 and sell ALL at 382.
The uptrend itself will help u even if you screw it up.
eg: GBP/USD, AUD/JPY,USD/CAD....(DAILY)
too tired right now as I am coding too many things at once, but tommorrow I will try to investigate this furthur, specifically historically how the curve changes.
I used the 0.382 setting and it saves...I color all the lines yellow except for the middle one (# 0 in the colors tab) and that saves....but I like to thicken the "end caps"...(#3 and #6 in the colors tab) but they do not save from platform opening to the next platform opening...
also...
MT4 really needs an "indicater view based", automatic scaling when applying price pane indicators. (not "pain" indicators
)
also...
MT4 really needs an "indicater view based", automatic scaling when applying price pane indicators. (not "pain" indicators
)JB,
Thanks for the input...
The comparison of shorter timeframes shall be interesting when they are ready....
Michael B.
Thanks for the input...
The comparison of shorter timeframes shall be interesting when they are ready....
Michael B.
The channels are fib based and only reflect the history of the max deviations over the last 299 periods...from what I understand...
The CR is a regression and it is calculating the same as the earlier FXCM's indicator was...
now agreed.... the arch trough/peak can shift...its length can extend....but that has always been the case...the added levels however have introduced prices in the future that are market based (a sort of spacing) from the past....I earlier was using bands calculating DIRECTLY FROM REGRESSION that used high and low...these new added bands give sort of a ATR gauging/spacing...so to speak.
I am just writing this in a different way than fifo has already stated to appeal to the global audience reading (12.5k views, currently in a short time period)...several different approaches to this method are needed, to properly arrive at a live trading model...
Different timeframes are needed and the application of a stop method needs to be discussed and decided upon..time stops...indicator based stops...adjustable stops (not too often though) acting as targets, that close the trade out....range based instrument specific stops...etc...all of this is fine and market based....
Michael B.
The CR is a regression and it is calculating the same as the earlier FXCM's indicator was...
now agreed.... the arch trough/peak can shift...its length can extend....but that has always been the case...the added levels however have introduced prices in the future that are market based (a sort of spacing) from the past....I earlier was using bands calculating DIRECTLY FROM REGRESSION that used high and low...these new added bands give sort of a ATR gauging/spacing...so to speak.
I am just writing this in a different way than fifo has already stated to appeal to the global audience reading (12.5k views, currently in a short time period)...several different approaches to this method are needed, to properly arrive at a live trading model...
Different timeframes are needed and the application of a stop method needs to be discussed and decided upon..time stops...indicator based stops...adjustable stops (not too often though) acting as targets, that close the trade out....range based instrument specific stops...etc...all of this is fine and market based....
Michael B.
I am just curious...e-sig is a sponsor here...how many of you E-sig users are here? May I ask you how many Retail Spot Forex pairs are available in E-Sig? what is the cost? There are prolly' many guests here curious...the custom indicators can prolly all be written or already have been for e-sig...
Now do not get me wrong...I am not discussing changing or benefits of different packages...this is not a debate...I just realized that E-sig is a large third party package that would give the user of this method freedom to trade where they please and many here may use e-sig or have thought about it and want to know more info.
I actually view MT4 as a free E-Sig of Forex, and it offers me independence. but I understand that E-sig has like two hundred feeds within a master feed for Cash Forex and I can imagine there may be a way to see 100 hundred or more pairs.
I personally am happy with my solutions and have 28 pairs available to me in charting and trading this method with Oanda+MT4+North Finance
SearchingForVirgin'sSavant
P.S. I have heard that Saxo Bank also offers many, many pairs and exotics for trading....but their reviews from respected traders are not encouraging. I am now breaking my own ground rules and let's not discuss it...The motives are to find virgins..thats all thats it...
Now do not get me wrong...I am not discussing changing or benefits of different packages...this is not a debate...I just realized that E-sig is a large third party package that would give the user of this method freedom to trade where they please and many here may use e-sig or have thought about it and want to know more info.
I actually view MT4 as a free E-Sig of Forex, and it offers me independence. but I understand that E-sig has like two hundred feeds within a master feed for Cash Forex and I can imagine there may be a way to see 100 hundred or more pairs.
I personally am happy with my solutions and have 28 pairs available to me in charting and trading this method with Oanda+MT4+North Finance
SearchingForVirgin'sSavant
P.S. I have heard that Saxo Bank also offers many, many pairs and exotics for trading....but their reviews from respected traders are not encouraging. I am now breaking my own ground rules and let's not discuss it...The motives are to find virgins..thats all thats it...