10.6 EDSEL

[nanningbob]

Hi Bob,

sorry to trouble you once again...

took one pending trade on audjpy but it think i am wrong once again...h4 sto7 says sell signal but h1 sto7 is not showing clear signal so i think there is no trade...

am i right?

so i mean we have to have first h4 clear signal and then we have to check entry point on h1 and when we look for entry, we need to check the sto7 clear signal as well?

let me know if i am on track..

thanks for your time and input...

Aud looks like it is bouncing off of the 240 line, a sell at the DP or xxx.000 line looks like a trade. I have a sell at the xxx.000 line which I will remove if it goes above the 240 line.

[harry]

eur/jpy is on highest since 2008...

i was thinking to place the pending trade but but but not sure....it may come back and change the trend...

any thought by experts

[nanningbob]

eur/jpy is on highest since 2008...

i was thinking to place the pending trade but but but not sure....it may come back and change the trend...

any thought by experts

Usually the JPY will strength at the end of the month so you were wise.

[Nidolap]

I get de 10.4 trend trades, I finally got the 10.6 H1 trades (great stuff) and the ranging areas S/R method, it all makes sense on my head.

What I'm still struggling to get is how long to keep the pending order available and the timing to put/close/change orders thar are live.

This has nothing to do with Bob abilities to explain the rules, it's just me that can't find a routine to follow on this subject.

[nanningbob]

I get de 10.4 trend trades, I finally got the 10.6 H1 trades (great stuff) and the ranging areas S/R method, it all makes sense on my head.

What I'm still struggling to get is how long to keep the pending order available and the timing to put/close/change orders thar are live.

This has nothing to do with Bob abilities to explain the rules, it's just me that can't find a routine to follow on this subject.

Each section comes a piece at a time. You will get the hang of it. I love this and so far I dont see gaps in the basics. But you will get it. I have been playing with this for a month now and as you watch price action in relation to the various reads it clicks at some point.

[harry]

Many thanks Bob, Steve & all for 10.x & the forum...

Here's an indi & dashboard that may or may not be useful to someone (I know Bob's not keen on dashboards). Code is attached, feel free to chop/change/enhance... I share just to give back & say thanks to everyone.

The indicator shows the history of the H4/H1 traffic light bars in arrows.
NOTE: this indi only works on H1 timeframe
Comes in 2 flavours... the 10.6B1H shows all traffic lights. (see screenshot)
The 10.6Bv1 shows all H4, but will only show H1 arrows if H4 trending(is green/red)
(I use this just for backtesting - as an easy visual aid)

eurusdh1.png

The dashboard shows H1 & H4 stoch values & directions, traffic light trend colours & nearest 60/240 - there are some notes on the screenshot to help.

dashboard_10_6_4.png

Cheers
Padnoter

Hi Padnoter,

one request if possible then can we have some button next to currency like how its there in yad dashboard for chart so when we click on it, it can open the chart or it can take us to already open chart...

if its possible...

manny thanks

[padnoter]

I just want to check this right... it seems too easy... just want to be 110% sure this is right...
with your dashboard Padnoter, it really is a case of just getting all green or all red? (ignoring ranging for the moment)

So these are the immediate signals:


To understand something I sometimes rewrite but the summary was already pretty clear so I ended up formatting it a bit. Might as well share it here:
https://dl.dropboxusercontent.com/u/241249/summary.rtf

- If your installation is getting messy you can always install another copy of Empty4 in a new programfiles folder.
- If you're running from linux the arrows don't display. I think it's a fonts problem. Might be able to solve with sudo rpm -i http://sourceforge.net/projects/mscoref ... noarch.rpm

Hi Jago,

Yes that would be too easy... It's only meant as a helper... you need to follow/understand Bob's teachings for trade entries.
I've attached picture to clear up what the dashboard means..

dashboard_helper.png

and..

Some ways to use it;
1. Use the Trend columns to see what all the traffic lights are doing across all pairs. And to see how close the trend/range lines are.
2. Use the pair name colour to see when the stoch is crossed
3. Use the pair name colour(=yellow) to see when stochs are getting ready to cross.
3. Use the stoch arrow colours to monitor open trades

(Editted the picture - adding more)

[padnoter]

Many thanks Bob, Steve & all for 10.x & the forum...

Here's an indi & dashboard that may or may not be useful to someone (I know Bob's not keen on dashboards). Code is attached, feel free to chop/change/enhance... I share just to give back & say thanks to everyone.

The indicator shows the history of the H4/H1 traffic light bars in arrows.
NOTE: this indi only works on H1 timeframe
Comes in 2 flavours... the 10.6B1H shows all traffic lights. (see screenshot)
The 10.6Bv1 shows all H4, but will only show H1 arrows if H4 trending(is green/red)
(I use this just for backtesting - as an easy visual aid)

eurusdh1.png

The dashboard shows H1 & H4 stoch values & directions, traffic light trend colours & nearest 60/240 - there are some notes on the screenshot to help.

dashboard_10_6_4.png

Cheers
Padnoter

Hi Padnoter,

one request if possible then can we have some button next to currency like how its there in yad dashboard for chart so when we click on it, it can open the chart or it can take us to already open chart...

if its possible...

manny thanks

Hi Harry,
Sorry I use a slightly different method. I use mtq4gui, & have an EA on another chart that has buttons to swap that chart to any other pair i.e. I only have 1 chart open & swap the pair it shows... which won't work for anyone using other EAs etc..
But if anyone else wants to modify my dashboard - please feel free... that's why I shared it....

[harry]

Hi Harry,
Sorry I use a slightly different method. I use mtq4gui, & have an EA on another chart that has buttons to swap that chart to any other pair i.e. I only have 1 chart open & swap the pair it shows... which won't work for anyone using other EAs etc..
But if anyone else wants to modify my dashboard - please feel free... that's why I shared it....

Thats fine...i am not techie in terms of coding but if you know how to make yad dashboard working because i have installed 2 files and i have placed the mq4 file in ea section but then what? i dont know so that i can use that dashboard to open the chart and i can take signals from your dashboard...

it will make life easier...

let me know if you know the solution...

thanks

[art]

i took some wrong trades yesterday, entering pairs at there extreme range, gbpusd, gbpcad for example, i think not a bad idea to add the volume indie to see exhaustion phase, as advocated by the captain, when i put on the volume you can see the volume drop at the extreme range, which means price will reverse as it did yesterday on the two pairs i mentioned, still uptrend though, just a retracement, but i shouldnt have gone long., shoulsd have waited for retrace, only my thoughts