Freddie Posted August 2, 2010 Report Share Posted August 2, 2010 Hi Joey, I didn't understand your 'two slightly up-trending', mine is decidedly down trending. Is this anything to do with being in Oz? Quote Link to comment Share on other sites More sharing options...
joeytrader Posted August 2, 2010 Report Share Posted August 2, 2010 Hi Joey, I didn't understand your 'two slightly up-trending', mine is decidedly down trending. Is this anything to do with being in Oz? Hi Freddie, perhaps I need to re-read the instruction better. For some reason, I am including the 6 to 7 candles prior to price started the down-trend, because these candles are still within the gray-colored time-band. And if I include these extra earlier candles, which has lower low than the more recent candles, that gives me the up-ward slope. I guess the question here is when do I start looking at the candles to include for drawing the channel lines? Quote Link to comment Share on other sites More sharing options...
joeytrader Posted August 2, 2010 Report Share Posted August 2, 2010 English not being my language, I am not very good at explaining. What I see in the 6 hours-long gray-colored time band, is the price first went up, then price came down. And I included both legs (up and down) in my drawing of trend lines. But, it is probably a good idea anyway to take the more recent trend, (which is downward). And Freddie you should now be in profit of at least 10 to 15 pips too. Good for you. Quote Link to comment Share on other sites More sharing options...
Freddie Posted August 2, 2010 Report Share Posted August 2, 2010 I am with you there. My take is: there is nothing 'magic' about any of this, no magic channels, we are just looking for something to break out from. The "don't make triangles" instruction leads me to use the parellal (no better) line tool - equidistant channel. I will do a two trend line pic and see. In the mean time we are up 20 at last view!! Freddie BTW there is a second area on the chart in black so not noticeable, I have made it light so that I can see it. Wonder what it is for? Quote Link to comment Share on other sites More sharing options...
Freddie Posted August 2, 2010 Report Share Posted August 2, 2010 (edited) Here we are Joey, no difference in outcome:... Just noticed, the lines would let us in one bar later!! http://i914.photobucket.com/albums/ac341/freddieforII/Chan2.jpg Got to 25 before retreating. Interesting system. Freddie Edited August 2, 2010 by Freddie Observation Quote Link to comment Share on other sites More sharing options...
Freddie Posted August 2, 2010 Report Share Posted August 2, 2010 English not being my language, You could have fooled me! I am not very good at explaining. I understood exactly what you meant! What I see in the 6 hours-long gray-colored time band, is the price first went up, then price came down.I agree and didn't know exactly what to do either! And I included both legs (up and down) in my drawing of trend lines. But, it is probably a good idea anyway to take the more recent trend, (which is downward). Well we can see that there is so little difference but worth the discussion and the look! And Freddie you should now be in profit of at least 10 to 15 pips too. Good for you.It went to 25 but has now come down a little. Maybe getting ready for another push? Nice to talk to you Joey, excuse the ...'being in Oz' jibe, it is a Pom - Oz joke!! Quote Link to comment Share on other sites More sharing options...
iwjw Posted August 2, 2010 Report Share Posted August 2, 2010 Just wondering why the system is looking for a breakout out of the range prior to London open. Still about 15mins to go until open Quote Link to comment Share on other sites More sharing options...
joeytrader Posted August 2, 2010 Report Share Posted August 2, 2010 Nice to talk to you Joey, excuse the ...'being in Oz' jibe, it is a Pom - Oz joke!! no worries about the "Oz" bit, the "joey" in my nick of "joeytrader" actually refers to a young kangaroo who frequents my neighbor's farm anyway, so I don't mind Aussie jokes. Just wondering why the system is looking for a breakout out of the range prior to London open. Still about 15mins to go until open There has been many occasions of prices start moving before London opens. Perhaps it has to do with Frankfurt and European opening earlier? Quote Link to comment Share on other sites More sharing options...
iwjw Posted August 2, 2010 Report Share Posted August 2, 2010 ...There has been many occasions of prices start moving before London opens. Perhaps it has to do with Frankfurt and European opening earlier? Could be since Frankfurt is 1h ahead of London...I somewhere read that Frankfurt is showing the direction for the day and London often reverses. Anyway, I'm beginning to beleave that you can go for breakouts anywhere on the chart with a time window of x hours Quote Link to comment Share on other sites More sharing options...
Freddie Posted August 2, 2010 Report Share Posted August 2, 2010 There has been many occasions of prices start moving before London opens. Perhaps it has to do with Frankfurt and European opening earlier? Sure that you are right. It is said that Frankfurt opening shows the way and London follow - equally Frankfurt goes one way and London promtly reverses it!! Seems to be following today. The £Y went up to 40 from the 2nd candle close. It did 21 then back a bit now 40 and back. 30 and heading up at last look. Freddie Quote Link to comment Share on other sites More sharing options...
synergy Posted August 2, 2010 Report Share Posted August 2, 2010 I am using Alpari UK and it is GMT +1, while IBFX is on GMT +3, so it depending on which broker at which timezone. It should be at GMT 7.00 according to the manual and based on IBFX chart time. You may want to adjust your channel time if this is not the case. Ready to go long? Quote Link to comment Share on other sites More sharing options...
synergy Posted August 2, 2010 Report Share Posted August 2, 2010 My trade is over in 11 minutes, netted 30 pips. Great start! Quote Link to comment Share on other sites More sharing options...
crips Posted August 2, 2010 Report Share Posted August 2, 2010 Guys be careful Golden Variety indicator repaints past. I have posted request to repair that indicator but received no reply for that. Quote Link to comment Share on other sites More sharing options...
Freddie Posted August 2, 2010 Report Share Posted August 2, 2010 I am using Alpari UK and it is GMT +1, while IBFX is on GMT +3, so it depending on which broker at which timezone. It should be at GMT 7.00 according to the manual and based on IBFX chart time. You may want to adjust your channel time if this is not the case. Thanks, I have been trying to find out about that!! That does make it 0800 UK time doesn't it? Ready to go long? Not allowed, only one trade a day!! You do want to become a millionaire, don't you? It says my message is too short!! So, with my wrong time, made it 0600 UK, it went to 80+ but that is just today!! Freddie Quote Link to comment Share on other sites More sharing options...
green.pipser Posted August 2, 2010 Report Share Posted August 2, 2010 you're the man! Good day, superfx! There's no doubt that you shared a, truly, great strategy here. And I'd like to THANK YOU for the selfless act you made. There will never be a 'holy grail strategy' in forex, but the one you shared is simply amazing! I wish you more green pips! coz you definitely deserve it. =D> =D> =D> superfx 1 Quote Link to comment Share on other sites More sharing options...
synergy Posted August 2, 2010 Report Share Posted August 2, 2010 (edited) Yup, it ends up at 0800 London time. Good for you Freddie. That is the only trade that I have made, following the rules TP at 30 pips. Let's stick to the rules and be a millionaire in less than a year together. p.s. I know if not following the TP, the pips count is still running ... 100 pips can be done. But be safe here. Thank you to superfx for sharing such a promising system. Edited August 2, 2010 by synergy Quote Link to comment Share on other sites More sharing options...
chrisbenjy Posted August 2, 2010 Report Share Posted August 2, 2010 according to the manual Where can I get the manual from? Thank you, Chris Quote Link to comment Share on other sites More sharing options...
rover666 Posted August 2, 2010 Report Share Posted August 2, 2010 Where can I get the manual from? Thank you, Chris hotfile.com/dl/50571638/a74e89e/0pt1mu5Channe1.zip.html depositfiles.com/en/files/qd9nztutl megaupload.com/?d=CZ3UZJ91 turbobit.net/tayfv43r43m1.html ziddu.com/download/10442459/0pt1mu5Channe1.zip.html sharingmatrix.com/file/9544215 rapidshare.com/files/402729451/0pt1mu5Channe1.zip.html zshare.net/download/776276818fa2cd11/ filefactory.com/file/b23g059/n/0pt1mu5Channe1.zip sendspace.com/file/zkr8bv mediafire.com/?i3kmyynmj2k megashare.com/2261332 www6.zippyshare.com/v/97461933/file.html 2shared.com/file/t-G9rQrK/0pt1mu5Channe1.html x7.to/pg0x8g easy-share.com/1911100780/0pt1mu5Channe1_0.zip badongo.com/file/23520027 netload.in/dateiG8fdae429l.htm load.to/9s1wK6zuwV/0pt1mu5Channe1_0.zip storage.to/get/07CbtQ0e/0pt1mu5Channe1_0.zip filefront.com/16864635/0pt1mu5Channe1_0.zip/ sharebase.to/1,JW9vHUHMCb.html uploadbox.com/files/9b8f979af2 freakshare.net/files/aqwhk15i/0pt1mu5Channe1_0.zip.html ifile.it/yzwd4ap/0pt1mu5Channe1_0.zip ugotfile.com/file/1661175/0pt1mu5Channe1_0.zip smurf43, delfin20, hermes and 8 others 11 Quote Link to comment Share on other sites More sharing options...
superfx Posted August 2, 2010 Author Report Share Posted August 2, 2010 That's it guys Another perfect day +30 Pips If someone could put this in EA would be great ... kraven, domonkos and pardy 3 Quote Link to comment Share on other sites More sharing options...
crips Posted August 2, 2010 Report Share Posted August 2, 2010 (edited) The original verison of Golden Variety with original name MadroGoldenFilter with source code can be found here: http://codebase.mql4.com/1047 and the original version also repaints Regards Crips Edited August 2, 2010 by crips delfin20 and superfx 2 Quote Link to comment Share on other sites More sharing options...
Guest fxprofits Posted August 2, 2010 Report Share Posted August 2, 2010 hi super fx, would you please explain how to draw trendlines.. are they to be parallel or any dirextion.. plz explain.. and my broker timing is in gmt.. so what settings do i use for paramount indi? thanks in advance.. That's it guys Another perfect day +30 Pips If someone could put this in EA would be great ... Quote Link to comment Share on other sites More sharing options...
kraven Posted August 2, 2010 Report Share Posted August 2, 2010 Superfx thanks for posting. most of all thanks for pointing me to Optimus Channel as i've never came across it before. at the moment it looks just like a london open breakout system, however i've never tried one on GBP/JPY before. keep posting your result : ) Quote Link to comment Share on other sites More sharing options...
mograst Posted August 2, 2010 Report Share Posted August 2, 2010 anyone use FXPro? If so, what time start/end time do you use? thanks Quote Link to comment Share on other sites More sharing options...
metin Posted August 2, 2010 Report Share Posted August 2, 2010 Forex.com is Gmt+0. What should I use for beginning and end times? Please advise... Thank you. Quote Link to comment Share on other sites More sharing options...
smurf43 Posted August 2, 2010 Report Share Posted August 2, 2010 Forex.com is Gmt+0. What should I use for beginning and end times? Please advise... use Begin_1 = 23:00 and End_1 = 05:00 - but it seems because the times spans across 2 days, the channel stays Black-colored and the rest of the charts becomes colored. It is still usable for our purpose. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.