Ray's amnesty page

[kiravon]

Hello Ray
Good to see you back!

I think I almost took the same trade as you. I can see the cherry bouncing off
the daily pivot and I can see wave 5 numbered.

I didn't actually see the pivot or the cherry at the time, I wonder if first
cherry after the pivot might be significant?

As regards wave 5? I can see wave 3 but I see no reason to assume it has
morphed into wave 5 except the indicator says so. I think I will continue
to leave EW to the experts.

But like you I was up for FO/LO and did 3% which is quite good enough for me.
Regards

uj.PNG

[wiseambitions]

Hi There, yes it looks like all the action was in the middle of the week, and after Thursday & Friday I was left wondering if I'd forgotten how to trade............. The thing is in times of ranging we can get a series of losing trades in spite of following the indicators..........

And I don't know why daily Pivot points (R1,S1 etc) should matter any more than fib lines, but I suppose a lot of traders watch them and with the herd instinct they cause the market to make certain moves in respect of them.

Thought for the week........ How many times do we think the signal is not right and then regret it?

[kiravon]

Hello Ray

yes, it's all self fulfilling prophecy, no line is of any relevance in itself until
someone or some people pile a lot of money into the market on the strength
of the line having been drawn.

but I have a bizarre and likely temporary problem-

I came across a scalping system and I noticed one component, the S/R lines, seemed
unusually accurate on the M15

Bearing in mind I cant trade LTF to save my life! ...

Nevertheless this strategy claims 80% success rate!

Unbelievable?

It gets worse!

I ignore the arrows, I treat support line as resistance and vice verse, with the
consequence that over the last week I havn't lost a single trade with it!

I almost get the feeling I couldn't lose even if I was trying to lose!

btw its a pity I'm not selling this - that's quite a compelling sales pitch!

This morning, trading the USDPLN, on a bank holiday, with supposedly no
volatility, by someone who simply can't get on with lower time frames, I still did 85 pips!
on M15.

The indicator is only 42 kbs

yet here's the problem - it uses 100% of my cpu and my mt4 platform gets snarled up
when I use it. I've no idea why that is. I've downloaded it from several sites, used
various brokers but its always the same problem. My PC only has 4gb of RAM which
is more than enough for all the programs I use

I use it completely in an AIMS context, in fact the PLN trade was also an S2 break of AIMS,
so if you or any your readers want to try it out I would be very interested to see how
you get on.

and if it works ok for anyone else I'll rush down to PC World first thing in the morning
to upgrade my system!

usdpln.PNG

HFT2.1vola+dss.ex4

[acceleratum]

I grabbed it and loaded it and both cpu and ram are not used at all, it is the indicators thats very slow, it seems to have inbuilt stochastics, s/r, trend and volatility , etc... so pretty much too much crap inside it.

[kiravon]

thanks Pedro, that's what I thought. It's true, the blue box volatility and trend strength
is total junk and likewise the profit targets are usually facing the wrong direction.

I've been looking for the actual MQL4 script to try to prune all the garbage out.
Its only the lines that are of any use. Price does seem to respect them unless
its just been me in good form and I'm imagining something that isn't there.
That is possible.

I'm checking decompilers to see if I can prune it down to the bare essentials.
but as I'm not a programmer it might involve a lot of trial and error.

I suspect mainly error

[wiseambitions]

I will try this on two machines soon as I can, one being 4GB the other 8, and see whether there's any difference. Some indicators are definitely power hungry, QQE might be one of such, whereas others maybe the alligator and the AO are easy enough to be run on smart phones

[wiseambitions]

Kiravon I put your HTF indicator on a pc running i5 and 8GB. Certainly seems to take about 5 seconds to switch from one timeframe to another (on default input settings) so it does seem to demand a fair bit of processing power. At this moment I have no idea what it's trying to tell me but I am only looking at DXY which is dollar index, and it's not moving much this afternoon and in a fairly tight range. Cheers

[wiseambitions]

Can't fault you Kiravon if you can take 85 pips (Monday) but I am still a bit at a loss to understand the strategy eg when to enter when to exit. I note your comments about faster time frames being difficult to succeed with, maybe there is a sweet spot on the m15 which gives a few signals most days but which cuts out a lot of the noise and maybe stops us trading when markets go into a range for hours on end. I would say a break of support (by a couple pips) at the bottom of an Aims box is of course our usual S1/S2 entry, or resistance at the top likewise, and they can be fairly strong signals. As a complete alternative, but complementary to AO have you ever observed the red and blue lines of Ichimoku on m15, I don't worry myself with Japanese words or clouds or any of that stuff, but I do notice that the crosses can be good inflection points. (The principle measurement is highest/lowest in last 9 bars........proper confirmation would be Donchian setting 26 being prodded). I'm no means a fan of Ichimoku but what I do think is it was devised before computers and has some merit......... But with any system it's all very well to have the entry points, but what are the rules about TP or SL? The clearer these are described the better............there's something so rinse-and-repeatable about a well laid out strategy eg trailing the green line................

[wiseambitions]

Just wondering if anyone here using GKFX has noticed they have increased their bid offer spreads at least on Indeces?

I was getting 1 pip spread on Dow Jones 30 but this week I see it's gone to 2.0

Perhaps they needed to increase their profit margins indefinitely, or perhaps it's to do with volatility around G20 and other wild market behaviour going on in the present time

1 pip hardly makes any difference on higher time frames but of course if scalping or doing the M1 we don't want to pay too much in broker charges.

[immy]

Just wondering if anyone here using GKFX has noticed they have increased their bid offer spreads at least on Indeces?

I was getting 1 pip spread on Dow Jones 30 but this week I see it's gone to 2.0

Perhaps they needed to increase their profit margins indefinitely, or perhaps it's to do with volatility around G20 and other wild market behaviour going on in the present time

1 pip hardly makes any difference on higher time frames but of course if scalping or doing the M1 we don't want to pay too much in broker charges.

o.m.g

Ray is ALIVE...

good to hear from you again Ray... how's it going?

yes, GKFX has changed their style. they are doing weird stuff changing things without notice etc. They changed the feed to 24hrs without letting us know. next now they changed their spread of Dow from 1 to 2 and spread goes higher during off periods for Dax. at LO dax stays at 1 or below one.

I've contacted them but they just send template replies. I don't think humans exists anymore in support networks.

cheers