10.7

[zentauro67]

@boldtrader

I´m not sure if you posted yout right ATR settings.

You wrote you are using a 15MA for 4H and 1H but looking at your charts it seems more as a 60MA.

[nanningbob]

@boldtrader

I´m not sure if you posted yout right ATR settings.

You wrote you are using a 15MA for 4H and 1H but looking at your charts it seems more as a 60MA.

Those are the settings I set in the 10.6 thread and then he adjusted the lines to match FIB numbers. Interesting

[harry45]

@boldtrader

I´m not sure if you posted yout right ATR settings.

You wrote you are using a 15MA for 4H and 1H but looking at your charts it seems more as a 60MA.

If you like to use Fibo,try this one.
Regards

[nanningbob]

If you want to CT trade or catch the fade as some would say. Using 10.7 with Boldtrader's COG_TMA (I narrowed the lines some so price would go outside the lines) You would wait until price is outside the lines. The daily D2.1 shoots to the top and the red stays on the bottom (Its retracement day) Catch the cross up on the STO7 and away you go. That is a very solid CT trade. These you watch closely and take your profit because the next day price may go back into its trend. The D2.1 if it goes back to the bottom with the red line then you have a nice trend trade. If you play this indi right you can be trading price action all day long. The only thing you would have to be careful of is the sudden unexpected news story. usd/jpy below.

[nanningbob]

Seeing this set up coming up on the 4H chart. You could go to the 30M and you could have had 2 trades yesterday, one for 20+ and the other for 30 pips. You close the trades when the STO7 hits the top of the TMA or TOP of STO7 indicator. A TP warning happens when the STO7 goes above 90.

This is called top down analysis when you trade. W2.1 lets us know we are taking a counter trade from the long term trend. D2.1 lets us know we are in a rally in a DT. STO7 gives a place to enter. 30M chart gives us our best entrances to CT trade. TP quickly 20-40 pips. Boldtrader has been great in teaching this stuff. I love listnening and learning from him.

[boldtrader]

@boldtrader

I´m not sure if you posted you right ATR settings.

You wrote you are using a 15MA for 4H and 1H but looking at your charts it seems more as a 60MA.

You are correct.. I use 60 (Bob's setting's for H1 and H4) . I use my own values for the Levels, ie: fib levels.

For the daily, I use 15. Apologize for the mistype.. I was focused on 10 other things when I typed it up..

Thanks for the catch..

Cheers

[boldtrader]

@boldtrader

I´m not sure if you posted yout right ATR settings.

You wrote you are using a 15MA for 4H and 1H but looking at your charts it seems more as a 60MA.

If you like to use Fibo,try this one.
Regards

Harry, Thank you..

The ATR channels I use, and have used for many years, along with the TMA channels, are set to the Fib sequence levels I posted and adequately provide the volatility needed to monitor and adjust to the volatility frequency of each individual pair. I can look at history and determine an important characteristic of how a certain pair begins to move. As has been discussed in this forum many times, the ability to identify the volatility of each pair's individual characteristics of price action is critical to learning how to trade any one specific pair.

Do a search for XXXX channels on the web, and you will find a wide variety from ATR to moving average to keltner to BB to donchian to XXXX.. They all work just about the same way. Using the ATR (example 10 day moving average or high/low average) is what made the turtle traders famous and a lot of money.

Fast forward to the Forex many years later and we are still using the same basic foundation. The difference is in the speed of the volatility and variation of speed based on constantly changing global market conditions.

What I have learned over my many years experience is that the use of Fib Harmonics, ie: Fib sequence values, or Fib retracement levels, or Fib expansion/extension levels never have to be changed and work on all trading instruments representing a constant which (in my opinion) can always be counted on to work. It only requires patience and time on behalf of the trader. These are the two areas of influence which most traders don't have or have very little of, while the markets never wait and have all the time in the world and can definitely try our patience (and our trading account margin levels - LOL).

With that being said. I am always open to principles and concepts provided I can use what I know works, ie: fib values as described above. Moving average channels are very much similar to ATR channels, so for now, I will stick with what I have, as I know they work.

The best trades I prefer to make are over-extended, Mean Reversion Trades using +2 or +3 or -2 or -3 ATR. I combine these with GANN Octaves for additional confirmation. I actually prefer these types of trades based on my personality. Due to my schedule, I often miss breakouts.. so all I have to do is wait for breakouts to become over extended... and then the spice begins. I greatly appreciate any trader who can get into a position and catch the breakouts. It is not one of my best trading styles, as I prefer to be a cautious contrarian style trader. I catch them on many occasions, but I prefer Mean Reversion Trades.

I started this type of trading after following someone in my early days of learning to trade equities.. LOL.. I got pulled into a "stock guru" chat room who made stock calls, buy/sells, calls. I was new, just learning, and was anxious to plop down my $10,000 in the market. His record seemed ok, but it seemed that every time he called a breakout the market would breakout then reverse.. . WHAT.. this guys is supposed to be a Guru.. He is hurting traders, including myself. I remember one time he called a long on a small cap gold stock.. then goes to lunch. He never said to close the position ( Stop laughing.. I was just learning).. during that lunch break the stock was halted.. and never reopened.. Talk about learning experience. Didn't take long to figure out that if I only did the opposite of what they advised, I would win. 10 years later, I came across an ex-Citi***** trader who did the same thing. He thought he was so good and so cool because he worked for Citi***** as a London Trader that he knew how to trade. So he built a large following (over 730 members at $250.00 per month) because of his former company credentials. I was hired to act as his assistant. I learned why he is/was an ex-Citi***** trader. Almost every trade call he made, the markets would reverse.. same situation as occurred 10 year previous. He called a market breakout... bamm.. it reverses.. Guess what I did? I reversed the calls. Made a lot of money.. and so did those clients who followed -ME. That dude actually had the ba**s to try to confront me in Miami for his business going under.. LOL.. We ran him out of South Beach, sending him back to london. I think he is in NY trying same thing now.. He also failed in Cali. Sooner or later. the truth comes out. Today, I call that false breakout trade, the OBB Trade. It is beautiful and rarely fails. Again, I have mentioned it in 10.6

These trades almost never miss. When I can see a market stair step up +2,+3 levels, I will be a seller at those levels, as well as -2/-3 Levels. Remember.. when the market is moving up or moving down, it is trending and is expected to return to it's origin stop levels. If you are not familiar with my writings on this subject, feel free to find my posts in 10.6 and you will see the info.

Thank you for considering me with the ma channels.

The commitment and offerings Bob has made here to everyone, current and future traders, is immeasurable. He has done and is doing something not found anywhere else and definitely not to the degree of value He and the other volunteers here offer. In an industry that is full of fakes and guru's, Bob is a Hero to each and all that comes across his works and Steve's forums. It only takes the commitment of time and patience to learn what is offered. I come from the business world, real world experience side as a professional trader and $$ manager. I have seen what goes on behind the desk. Now I see the other side. I have the great honor and Blessing to be a part of history being made. To that end, I give great respect to the Team who make it happen.

If I can be of service to anyone, please let me know.

Cheers.

[zentauro67]

@boldtrader

It´s always a pleasure to read your posts. If you are used to 'reverse to the mean' trading and fibos, perhaps could be of your interest to take a look to this indi based on Pitchfork. I found it in a russian forum on harmonic trading. You can find more recent versions in FF but this one was created specifically for reverse to the mean traders.

ZUP_v110.mq4

Imagen 001.jpg

[Bruster400]

Another Mean Reversion Long @ -1 ATR to +1 ATR with 10.7 setup, +48 pips.

Boldtrader,

These are both really helpful examples of combining 10.7 with ATR channels for mean reversion. Could you share your ATR settings for the indi for use on the M30 and H1 timeframes? I have Bob's settings to follow the 60LWMA on H4 but despite the fact that LWMA's should be replicable on multiple timeframes with the right scaling I just can't get the channels to even nearly agree. ie. price that is over extended in terms of ATR on H1 is barely past the first band on H4. Is it even possible?

Any help much appreciated.

ATR settings used on Periods H4, H1...

PeriodsATR 500
MA_Periods 60 (Corrected)
MA Type 3
Mult_Factor1 1.61852
Mult_Factor2 3.26704
Mult_Factor3 4.85556

For Daily MA_Periods: I change the MA_Periods to 15. Can also use 13 (Fib sequence #)

Boldtrader,

Thanks for sharing your settings for these - interesting that you use 89 on the daily to match the cycles. I spent a lot of time looking into Steve Copan's work on market cycles but never really got it to work for me - more patience required I think!

What might be of interest is that I've managed to get my H4 and H1 ATR lines to agree. Obviously the Period for the MA on the H1 increases to 240 so that it draws the center line in the same place on both charts. For some reason, (mathmaticians over to you) the multiplier factors only need to be doubled. So if you use the following setting on two instances of the indi, you get the same lines, in the same place relative to price on both the H1 and H4 charts. Not for everyone but just thought I'd share.

FOR H4:

PeriodsATR 500
MA_Periods 60
MA Type 3
Mult_Factor1 1.61852
Mult_Factor2 3.26704
Mult_Factor3 4.85556

and FOR H1:

PeriodsATR 2000 (same absolute timeframe as H4 - but make sure you've got the history loaded)
MA_Periods 240
MA Type 3
Mult_Factor1 3.23
Mult_Factor2 6.52
Mult_Factor3 9.71

[harry45]

Boldtrader,
thank you very much,it`s very informative and useful.
Regards