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ADAPTING NB10.2A FOR LOWER TF & RM TRADING - 10.2A CTS
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=875		 Page 28 of 43
Author:  fire580 [ Wed Oct 24, 2012 5:37 pm ]
Post subject:  Re: ADAPTING NB10.2A FOR LOWER TF & RM TRADING - 10.2A CTS
Thank You Fable very much for your opinion.
Author:  coolncalm [ Thu Oct 25, 2012 7:20 am ]
Post subject:  Re: ADAPTING NB10.2A FOR LOWER TF & RM TRADING - 10.2A CTS
Fable wrote:EU, cross MA 240, Monday, we got a nice sell signal with H1 TMA Slope CTS between +0.8 and 0 correlated with H4 slope going down BUT pivot said Long bias.

So according to the brand new emerging pivot indicator we can see that we cross the "futur" MP.

MHO opinion on this is:

-as the H1 slope indicate a buy signal a would wait.
-if there is a buy, it would go between WP and yesterday DP (corresponding to level between 0.38 and 0.62 fibo level of the last major downtrend)
-as we are at the end of the month, and as there is a divergence on the D1 slope I don't trust a buy on EU (not High probability trade) The divergence is quite strong with a double top.
-Weekly S/R are far away from each other indicating a ranging period and confirme by the cross of the DP and the WP

so my conclusion are:
-if EU retrace back near 1.308 with a sell signal, I would take down to WS1, that's my n°1 scenario.
-if there is a strong buy (H1 CTS slope signal +H4 slope going up) above the emerging DP I would take it with TP1 on the WP and TP 2 near H4 upper band and the 61 fibo level depending on the signal strength. After take they might be another buy signal going up to retest MR1, but I don't think it would happen this week, so I will recheck this scenario later.
Moreover I'm quite sure there will be more down move before any buy (H1>H4 slope and H4slope going down)


That just my opinion, take it for what it worth. I'm certainly not an expert.

Hope it's help.

Regards,

Fable
I concur with this analysis
Author:  fire580 [ Thu Oct 25, 2012 12:25 pm ]
Post subject:  Re: ADAPTING NB10.2A FOR LOWER TF & RM TRADING - 10.2A CTS
Hi coolncalm, I have a question regarding the current status of the MultiBob it is saying AUDCAD Short H4 why would it say that isn't that a counter trend trade?
Author:  coolncalm [ Thu Oct 25, 2012 4:17 pm ]
Post subject:  Re: ADAPTING NB10.2A FOR LOWER TF & RM TRADING - 10.2A CTS
fire580 wrote:Hi coolncalm, I have a question regarding the current status of the MultiBob it is saying AUDCAD Short H4 why would it say that isn't that a counter trend trade?
You know, I was just wondering the exact same thing!
It must be based on either the NB10.2 or NB10.2a code as CTS EA is yet to be fully coded... but why will an NB trade be countertrend? Hmm, I guess we should ask Baluda about this one.
Author:  fire580 [ Thu Oct 25, 2012 4:23 pm ]
Post subject:  Re: ADAPTING NB10.2A FOR LOWER TF & RM TRADING - 10.2A CTS
Okay thanks ... I'm glad you agree :) a little bit confused regarding the CTSEmbias I presume we should be placing trades based on the EMBias now and not the CTSBias - But I originally thought the Embias was only to be used when at a rr level 3 where there could be a change of trend but MultiBob is showing all EmBias directions?
Author:  coolncalm [ Thu Oct 25, 2012 4:39 pm ]
Post subject:  Re: ADAPTING NB10.2A FOR LOWER TF & RM TRADING - 10.2A CTS
fire580 wrote:Okay thanks ... I'm glad you agree :) a little bit confused regarding the CTSEmbias I presume we should be placing trades based on the EMBias now and not the CTSBias - But I originally thought the Embias was only to be used when at a rr level 3 where there could be a change of trend but MultiBob is showing all EmBias directions?
Kind of confusing/distracting, eh?
You are correct. It shows all formations that differ from the current formations. However, when the trade direction is the same, there's little to worry about there. It's new trends emerging in the opposite direction that must grab your keen attention (6 such bias changes seem to be emerging at the moment, by the way). :)
Author:  fire580 [ Thu Oct 25, 2012 6:15 pm ]
Post subject:  Re: ADAPTING NB10.2A FOR LOWER TF & RM TRADING - 10.2A CTS
coolncalm, I notice your newest template has the TMA Slope CTS on H4 but up until now we have been using H1 (or at least I have) which time frame is the correct one?..... and I don't see anyway to change the time frame on that indicator?
Author:  coolncalm [ Thu Oct 25, 2012 8:56 pm ]
Post subject:  Re: ADAPTING NB10.2A FOR LOWER TF & RM TRADING - 10.2A CTS
fire580 wrote:coolncalm, I notice your newest template has the TMA Slope CTS on H4 but up until now we have been using H1 (or at least I have) which time frame is the correct one?..... and I don't see anyway to change the time frame on that indicator?
Its on H1 actually. The H4 you see is from the H4 slope beneath - the 2 Indies sometimes seem to struggle with each other to display in the first indicator window. I think they also take a little while to initialize.

Click on the indy's properties to refresh.
Author:  fire580 [ Thu Oct 25, 2012 9:21 pm ]
Post subject:  Re: ADAPTING NB10.2A FOR LOWER TF & RM TRADING - 10.2A CTS
Okay, thanks
Author:  disbellj [ Fri Oct 26, 2012 8:10 am ]
Post subject:  Re: ADAPTING NB10.2A FOR LOWER TF & RM TRADING - 10.2A CTS
CC,

I see that you mention on original instructions that you wanted to look for SEMA4X or Semafors on higher timeframes. If using SEMA4X, the ExtDepth is 96, ExtDeviation is 1, and ExtBackstep is 1. If using added Semafor mtf indicator given in thread, on the new template, it blacks out the D1 Semafor, uses White for W1 Semafor, and Magenta for MN1 Semafor. Also, the Semafors are basically Semafor 2's, using ZigZag/Zigzag2 settings of ExtDepth 12, ExtDeviation 5, and ExtBackstep 3.

It looks to me like you're using the equivalent of H3/H4 Semafor 2 on H1 when using SEMA4X. Do you think we should just use Semafors on H4, D1, W1, and MN1 (essentially what you're doing except I can change mtf Semafor/ZigZag indicator given in thread if I need to, to make it work for 4 timeframes instead of 3.

Also the name the mtf indicator is calling in iCustom is "ZigZag2" instead of the given "Zigzag2" indicator. I'm surprised it's getting a reading at all. I thought capital in "Zag" would make it not work. Hmm.

Also, I am using colors DeepBlueSky for MN1 Semafor 2, LimeGreen for W1 Semafor 2, Red for D1 Semafor 2, and Orange for H4 Semafor 2. Also I am using white for H1 SEMA4X (larger than a Semafor 3, since Semafor 3 uses 34 period and SEMA4X uses 96 period).

I imagine you want to use Semafor 2's on higher timeframes, else period 96 will make the signals come fewer and farther between if using SEMA4X. I also imagine that since I see many signals on H1 starting with appearance of SEMA4X, then price getting close to or touching Tma Band(s), then crossing of SMA 20, and crossing of DP or emerging DP, that this is a perfect setup for a high probability reversal. This is really without paying any attention to the Market Bias that I see this.

So I believe that the template is correct, just want to see if it is, and if you want to add H4 to MTF Semafor 2/Zigzag2 indicator, and colors you want?

Thanks.

Kindest regards,

Don

P.S. I've attached the 3_Level_ZZ_Semafor in regular and MTF version. If using this MTF version, it would have to be placed on chart 3 times to get the visual the A-Team indicator gives now (or very close if using just the 13 period Semafor 2 option and making period 1 and period 3 to be 0). For EA, I am just getting regular 3_Level_ZZ_Semafor Semafor 2 values for the higher timeframes H4-MN1 and using SEMA4 for H1 as stated above, unless you tell me this is not good enough, and I will use ZigZag. I like Semafor indiator since it does the heavy lifting for me where zigzag doesn't (e.g. still must do calculations after getting ZigZag value where if Semafor value is 0, there's not one there). Doesn't make any difference on minor settings of 13,8,5 vs 12,5,3 I don't think. If there is a difference, I can always use custom settings when calling 3_Level_ZZ_Semafor from EA. Note: You should be able to easily see if there is a difference by putting 3_Level_ZZ_Semafor on chart and then ZigZag or Zigzag2 on top of it. ZigZAg should line up with Semafor 2's and 3's (3 is on op of 2, so every Semafor 3 is also a Semafor 2).
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