HGI - Page 226

Post by **taipan** » Fri May 13, 2016 4:48 pm

Hi RisklessPips,

I have completely forgotten what I had learned from Nanningbob his method of trading. I have to go back to read his pdf again to recalled what i have learned.

Thanks you for your clear explanation with chart image attached.

Also I have to thank Stevehopwood, Nanningbob, Milanese, Renexxxx and other members who put an effort on this HGI.

Hope other members will appreciate you method of trading using HGI.

cheers.

Post by **nanningbob** » Fri May 13, 2016 10:02 pm

What a brilliant idea. Even I will have to look at that one n

RisklessPips » Fri May 13, 2016 11:33 am wrote:
One of the first things I ever read by Bob was the sixths indicator which is still available - essentially and paraphrasing a lot the indicator divides your screen into 6ths based on how Empty4 displays the trading range for a pair. In his original posts he was clear most traders get wiped out trying to trade trends from the middle out when it is easier to trade them in.

If you look at the chart the Blue lines top and bottom delineate the range. The two yellow lines show the zone within which he advised not to trade but to take profits. The white middle line was used for white box trading.

Anyway in my trading I added an MA and when it crosses the top sixth line from above that is a sell signal. When the MA crosses the low 6th from the bottom that is a buy signal.

For a long trade when price hits the low yellow level I move my SL to BEP. When it hits the white level I start trailing it by pips represented by the gap from yellow to white. Normally I just let the TS take me out but I have been known to manually close out when price gets above or below the opposing blue level. You can ride this baby on most pairs and TF's like a gravy train.

Then came HGI - and now as you can see from the chart not only does it reconfirm the 6th entry points but it also gives you many more trading options in between the low and top 6ths ! I am currently not trading those areas in between the yellow levels (old habits die hard) but I am sure the pips I am leaving on the table will disabuse me of this in a few months.

So what has HGI added to my trading ?

Confirmation of the signals I trade on 6ths
Additional entry levels between the blue and yellow levels
Alternative TP levels on the way up or down
Option to trade in the "death by a hundred whipsaws" yellow zone
Less stress and more time being a human being

BTW in the original 6ths indicator what are blue lines on my chart were Gold, what are yellow on the chart were green. White was always so.

Post by **RisklessPips** » Sat May 14, 2016 6:09 am

Bob your comment has made me proud. Thank you for all you have given us.

Post by **taipan** » Sat May 14, 2016 6:20 am

RisklessPips » Sat May 14, 2016 12:33 am wrote:
One of the first things I ever read by Bob was the sixths indicator which is still available - essentially and paraphrasing a lot the indicator divides your screen into 6ths based on how Empty4 displays the trading range for a pair. In his original posts he was clear most traders get wiped out trying to trade trends from the middle out when it is easier to trade them in.

If you look at the chart the Blue lines top and bottom delineate the range. The two yellow lines show the zone within which he advised not to trade but to take profits. The white middle line was used for white box trading.

Anyway in my trading I added an MA and when it crosses the top sixth line from above that is a sell signal. When the MA crosses the low 6th from the bottom that is a buy signal.

For a long trade when price hits the low yellow level I move my SL to BEP. When it hits the white level I start trailing it by pips represented by the gap from yellow to white. Normally I just let the TS take me out but I have been known to manually close out when price gets above or below the opposing blue level. You can ride this baby on most pairs and TF's like a gravy train.

Then came HGI - and now as you can see from the chart not only does it reconfirm the 6th entry points but it also gives you many more trading options in between the low and top 6ths ! I am currently not trading those areas in between the yellow levels (old habits die hard) but I am sure the pips I am leaving on the table will disabuse me of this in a few months.

So what has HGI added to my trading ?

Confirmation of the signals I trade on 6ths
Additional entry levels between the blue and yellow levels
Alternative TP levels on the way up or down
Option to trade in the "death by a hundred whipsaws" yellow zone
Less stress and more time being a human being

BTW in the original 6ths indicator what are blue lines on my chart were Gold, what are yellow on the chart were green. White was always so.

I cannot find the sixth indicator in Nanningbob indicators list, may be you could share it here.

Thanks in advance.
taipan

Post by **nanningbob** » Sat May 14, 2016 3:07 pm

It's found here at Forex Factory. Don't know if this version works with the newest Empty4 but I'm sure you can get it fixed.

http://www.forexfactory.com/showthread. ... 0&t=246113

Post by **taipan** » Sun May 15, 2016 3:12 am

nanningbob » Sat May 14, 2016 11:07 pm wrote:It's found here at Forex Factory. Don't know if this version works with the newest Empty4 but I'm sure you can get it fixed.

http://www.forexfactory.com/showthread. ... 0&t=246113

Thank you for the "Old" FF link.

If there is new finding on this method, appreciate you can share it with us.

Post by **taipan** » Sun May 15, 2016 3:37 am

SIXTH indicators.zip

Here it is:

I have modified the colors for black background.

Thanks Nanningbob for the link.

Post by **fullaforex** » Sun May 15, 2016 7:45 am

taipan » Sun May 15, 2016 11:57 am wrote:
nanningbob » Sat May 14, 2016 11:07 pm wrote:It's found here at Forex Factory. Don't know if this version works with the newest Empty4 but I'm sure you can get it fixed.

http://www.forexfactory.com/showthread. ... 0&t=246113

I have modified this indicator so that the line colors, style and width can be changed. Remember, to change style from line, width has to be 1. Also now the lines will be removed when the ind is deleted.
See Attached.

Regards,
Fulla.

Post by **dydynamic** » Sun May 15, 2016 5:14 pm

Hi Milanese,
please I want to make a humble request to add options on HGI 16.07 where we can hide Trend, Rad and Range arrows just the same as we have the option of hiding wavy arrows(if possible you can also seperate the two that is one can hide either wavyrange or wavytrend arrow), these options will help make the chart cleaner and less confusing for some of us(dimwits like myself) especially on lower Time Frames like M15 Charts.....For me, I only want to see trend change and I will only prefer to see Wavytrend arrows on the charts and no other arrows....

Thanks for this great Indicator.....

Post by **milanese** » Sun May 15, 2016 5:22 pm

dydynamic » Sun May 15, 2016 5:14 pm wrote:Hi Milanese,
please I want to make a humble request to add options on HGI 16.07 where we can hide Trend, Rad and Range arrows just the same as we have the option of hiding wavy arrows(if possible you can also seperate the two that is one can hide either wavyrange or wavytrend arrow), these options will help make the chart cleaner and less confusing for some of us(dimwits like myself) especially on lower Time Frames like M15 Charts.....For me, I only want to see trend change and I will only prefer to see Wavytrend arrows on the charts and no other arrows....
Thanks for this great Indicator.....

I will consider this for the next update...

Cheers

Tommaso