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Posted

its a great tool for trending markets not for a choppy sideways areas.

its not bad at all, you should keep it on the side of your screen so you can make sure you are at the right side of the market.

its also a wonderful tool for scalping depends what time frame you are using.

obviously they only show you the nice section of a chart where you could even trade just with a moving average lol.

if you try to use it on a sideways section you will lose your butt because by the time you enter- the market  already changed direction.

but again- i think its a very good tool and if you combine it with mpace and xpace of mbox ( you can get it from brokey ) then you have an amazing little system.

just my 7 cents lol

Traderbeauty Jane

Posted

Markets are typically in a trending or consolidating state. Trends are straightforward to spot, but drawing a simple box around price during consolidation is where most traders get wrecked, due to false breakouts, 
and these are where the deadly traps are often set.

Conversely, by the time price confirms its direction, it's often too late to 
join without having been caught earlier. The other scenarios are, if your strategy is to wait for a pullback after the price has confirmed the direction after the consolidating state you cannot be certain that price will not reverse entirely after the pull back.

I've yet to find any indicators that reliably combat all these scenarios without trapping you in a trade. Meanwhile, the professionals are building their positions during the consolidation state i believe ideally this is the time to buy or sell in small quantities, and after the direction has been confirmed, its best to add to the position as the trend develops.

 

Posted (edited)
1 hour ago, aotegaoteg said:

Markets are typically in a trending or consolidating state. Trends are straightforward to spot, but drawing a simple box around price during consolidation is where most traders get wrecked, due to false breakouts, 
and these are where the deadly traps are often set.

Conversely, by the time price confirms its direction, it's often too late to 
join without having been caught earlier. The other scenarios are, if your strategy is to wait for a pullback after the price has confirmed the direction after the consolidating state you cannot be certain that price will not reverse entirely after the pull back.

I've yet to find any indicators that reliably combat all these scenarios without trapping you in a trade. Meanwhile, the professionals are building their positions during the consolidation state i believe ideally this is the time to buy or sell in small quantities, and after the direction has been confirmed, its best to add to the position as the trend develops.

 

I didnt think you would trade out of it. It was just a quick visual to see if market is in range bound or side way.

I believe, if I remember, the RightLineTrading has an indicator for spotting consolidation.

Edited by Ninja_On_The_Roof
Posted (edited)

It’s not working for me.
What does the installation instruction mean by:

“Then open the Ablesys-crack folder.

Copy (replace) the Ablesysindicators.exe file into:
C:\Program Files (x86)\AbleSys\AbleCom”

What crack folder?
At C:\Program Files (x86)\AbleSys\AbleCom there is already an Ablesysindicators.exe file by default.



@Ninja_On_The_Roof

Edited by dotx
Posted

use atr is simple and powerfull attached my settings  it holds 80% of the time is free you can find them all over the web thats why is powerfull is easily accesed by the masses no matter the platform if you wait you will start to understand market structure works on 2 or 3 minute chart for me  

ScreenHunter 620 (08).png

Posted
56 minutes ago, dotx said:

It’s not working for me.
What does the installation instruction mean by:

“Then open the Ablesys-crack folder.

Copy (replace) the Ablesysindicators.exe file into:
C:\Program Files (x86)\AbleSys\AbleCom”

What crack folder?
At C:\Program Files (x86)\AbleSys\AbleCom there is already an Ablesysindicators.exe file by default.



@Ninja_On_The_Roof

The instructions are very solid.

Just follow them correctly.

It works.

Posted
57 minutes ago, dotx said:

It’s not working for me.
What does the installation instruction mean by:

“Then open the Ablesys-crack folder.

Copy (replace) the Ablesysindicators.exe file into:
C:\Program Files (x86)\AbleSys\AbleCom”

What crack folder?
At C:\Program Files (x86)\AbleSys\AbleCom there is already an Ablesysindicators.exe file by default.



@Ninja_On_The_Roof

Did you figure it out??? there is no folder... just copy and past the AblesysIndicators.EXE on the C://folder where your program was installed 🙂 

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