Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
Thanks for your contribution. I am continuing to look at Goldenequity's waterfalls/fans and RC's without other indicators and have been experiencing difficulty with exits and entries - getting caught in price reversals.
I'm hoping you'll expand some on your use of channels...some of what you have said I don't quite follow. If you have the time/interest in contributing further, a few more chart examples and some detail on the drawing the channel would be much appreciated.
For example, I'm unsure how you draw the channel on the current day chart when the price has changed direction and, of course, the day hasn't begun.
To draw channels - use the LRC function built into MT4 on a M15 chart. The channels will not be accurate on any other time frame due to the number of data points utilized for the best fit calculations. On the parameters select "ray" which will project the LRC lines forward to the new day and beyond. Keep trading RC and drawing these channels and see how predictive they become for your targets. Many ranging days end up with 1-3 touches. Often the PA wil end up on the median at the end of the day. Today's NFP left the price on the bottom of the channel and price continued to track the channel down for the last few hours. Old channel is in orange - potential new channel that only worked in a few spots in blue. currently the orange channel is the best.
I thinks this indicator made a good combination with RC's/Waterfall patterns/Stretch Candle exits.
Thanks Goldenequity for your effort to introduce RC's Waterfall patterns to us.
I made more pips with this system.
Can anyone tell me why the stoch (in the yellow circle) sometimes lags....on the chart below you will see that it is behind by about 6 price bars....Other times it keeps up with the present bar.
Thanks,
vegas
Vegas, that stoch is built from the M5 timeframe, so it's construction is several M1 bars behind the red/blue stoch lines. When an M5 bar closes, it updates and catches up with M1's stoch and the cycle continues.
__________________
\o/ In Christ Alone!
Pipskateer
Thanks for the info....I figured that is what it was....How is your RC trading going...
Vegas
Quote:
Originally Posted by Pipskateer
Vegas, that stoch is built from the M5 timeframe, so it's construction is several M1 bars behind the red/blue stoch lines. When an M5 bar closes, it updates and catches up with M1's stoch and the cycle continues.
Hi, Pipskateer! (or nohangingZorro?)
some say Snake repainting... I like the Bookkiper's idea how he put together this indi, what do u think? (if Snake MA isn't stable, we can hook SnakeForse to any other MA - but idea of oscillator - what is your opinion?)
I've pretty much discarded the SnakeForce indy for that very reason - repainting. I think Rad's MACD/Osc combination is good though and I haven't seen it repaint that I can recall.
__________________
\o/ In Christ Alone!
Pipskateer
Linear Mode
