HGI used with Hurst charts

Post by **milanese** » Wed Feb 18, 2015 6:00 pm

spotdespot » Wed Feb 18, 2015 4:52 pm wrote:
It's because he doesn't use the MTF MACD - he just uses larger TMA slow and fast levels on the current TF version. Read back in the thread a bit - they don't map to H4 equivalent anyway if I remember correctly.

Dave you are right, it will show in this way different results from a real MTF calculation, not much but different..

Cheers

Tommaso

zyx · Post by **zyx** » Wed Feb 18, 2015 6:03 pm

Ah, sorry guys.. Thank you

Post by **spotdespot** » Wed Feb 18, 2015 6:38 pm

milanese » Wed Feb 18, 2015 7:00 pm wrote: Dave you are right, it will show in this way different results from a real MTF calculation, not much but different..

Cheers

Tommaso

Hi Tommaso - I meant more that his settings don't actually match to 10,5 on a higher timeframe. So if you wanted to replicate HTF H4 on M15 it would be 240/15 = 16 so 160 and 80. He has:

I use two DL MACD HURST indicators (periods 30/60 and 120/240). At least one must be blue for longs and red for shorts.

Cheers,
Dave.

Post by **milanese** » Wed Feb 18, 2015 6:50 pm

spotdespot » Wed Feb 18, 2015 6:38 pm wrote:
Hi Tommaso - I meant more that his settings don't actually match to 10,5 on a higher timeframe. So if you wanted to replicate HTF H4 on M15 it would be 240/15 = 16 so 160 and 80. He has:

Cheers,
Dave.

you are right with this too

Post by **TraderJoeForex** » Wed Feb 18, 2015 9:45 pm

zyx » Wed Feb 18, 2015 4:04 pm wrote:TJF, why is your MACD so smooth? Mine is blocky. If I set it up on a M15 chart but with a 240 TF it will only move in blocks of 16 lines.

The reason I use the orignal DL MACD HURST rather than MTF is just that it is that litle bit more sensitive i.e. it is adjusting based on price action 1 period at a time rather than in blocks which is also why it is smoother. Also not limited to the Empty4 timeframes.. can choose any period.

Post by **TraderJoeForex** » Wed Feb 18, 2015 11:30 pm

Quick update.. 151 pips so far this week live on M15 .. and found my first H4 trade so attached screenshot. Let's see how she does

Post by **TraderJoeForex** » Thu Feb 19, 2015 8:35 am

Woke up to last night's H4 trade up 50 pips this morning. Not going to push my luck with ECB lunchtime so I'm out of this here.

zyx · Post by **zyx** » Thu Feb 19, 2015 6:00 pm

Great job TJF.

What does your daily routine look like when you first start your day? For example, I skim thru all the D1 charts and if ADX isn't climbing I close it. Then I have a small list of pairs to watch for the day.

Post by **TraderJoeForex** » Thu Feb 19, 2015 6:43 pm

zyx » Thu Feb 19, 2015 6:00 pm wrote:Great job TJF.

What does your daily routine look like when you first start your day? For example, I skim thru all the D1 charts and if ADX isn't climbing I close it. Then I have a small list of pairs to watch for the day.

To be honest I am still figuring out a daily routine since this is my first month day trading from home rather than working

I don't mind whether a pair is ranging or trending though.. if there's not much movement on the highertimeframe I'll just look at M5/M15 and shoot for 5-10pip moves.

I do checkout the economic calendar before I start though and keep this open always. I use: http://www.myfxbook.com/forex-economic-calendar

When I have the discipline to sit down all morning and trade I watch 15pairs and when I don't .. I have the HGI signals to my mobile.

How long have you been trading for?

zyx · Post by **zyx** » Thu Feb 19, 2015 8:11 pm

Only since September. This is how my H1 chart is currently set up, although I am unsure how I want to use the matrix exactly. I may pull it off my charts