Pippt,

On your screenshot the % Williams Range Indicator is set to 180 periods, the correct setting for this is 90 periods, if you're precisely trading the system that is. But yes, right now using the basic rules, this is a buy opportunity or it could be the beginning of a reversal? FWIW, I also was stopped out by the Chandelier 1 hr. as per the current rules.

chandelier has to be blue before we can take another buy signal, see post 193 in this thread... won't be soon I guess (it's around 1.9760 now).

Kiup00,

Yes, you are right. The correct value for % Williams Range Indicator is 90 and not 180. I already changed my chart.

Sorry for any inconvenience.

Bye,

Pippt

Hi Kneepad, the chandelier is blue at around 1.9670 on 1hr chart, but if you look up at around 100 pips there is a red chandelier line (on my charts) hope this helps. ( its says chandelier on the pop up window as per your instruction)
dh

I think some of you are not seeiing the chandelier on the
1 hour chart. it is BLUE and at 1.9670.
Make sure you are not looking at the xpma_v2satl which
is red and at 1.9730.

attached pic the red line to the far right is what i was referring to. Have i got this wrong please/

Attached Images

chand.gif (14.7 KB, 584 views)

Ok I see it now in amongst all the resistance lines
at 1.9764. apologies, I would never have seen that
had you not pointed it out. So the blue candelier has stopped
at the last big white candle.
Thank you.

Well done DXX a picture says a thousand words

thanks Kneepad. We shall all work as a team.

Guys..i think Simba said that you don't take any signals on the 5m as long as it doesn't agree with the chan chandlier on the 1H so these buys that you're seeing right now on your charts are not valid signals (you'll be naked with out stops caz you'll be on the opposite side of the chandlier)if i'm getting it right..
so i took the buy signal@ 1.9694 and exit @ 1.9663 with a 31 pips loss and we should be out of the market now waiting for one of the chandlier or the MTF XPMA to change there colour and start looking again for entry points by the %R..please correct me if i'm wrong Simba..see ya all in a few hours