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10.3 SCALPER/RANGE TRADE SYSTEM
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=919		 Page 77 of 178
Author:  nanningbob [ Fri Nov 23, 2012 10:44 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
To the person who asked about the eur/nzd trade it is at its monthly pivot. It keeps bouncing off of it south so you can hang in there or put a 5.1 sell ea and play the break. I would use it on the daily chart or place your sell order now and see if it goes back south and you can get out in 100-150 pips for a BE or small profit.
Author:  fxozgirl [ Fri Nov 23, 2012 10:52 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
nanningbob wrote:To the person who asked about the eur/nzd trade it is at its monthly pivot. It keeps bouncing off of it south so you can hang in there or put a 5.1 sell ea and play the break. I would use it on the daily chart or place your sell order now and see if it goes back south and you can get out in 100-150 pips for a BE or small profit.

Thanks Bob, I will check my charts :D
Author:  Mortiiy [ Fri Nov 23, 2012 10:57 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
@ Phil. Thanks for the earlier hedge info's response. Much appreciated. :D
I will run it on the side on demo to get the gist of it.

Cheers
Mortiiy
Author:  retireme [ Fri Nov 23, 2012 11:44 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
G'day Phil,

Could you possibly yawn in my direction, might help my account to double too!

Rgds
RM
Author:  nanningbob [ Fri Nov 23, 2012 4:58 pm ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
bad day today but still an acceptable week. 26 wins 13 losses for total of 244 pips. Time for bed. I will increase lot size again next week as I get more and more comfortable with the system.
Author:  theforexedge [ Sat Nov 24, 2012 1:30 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
nanningbob wrote:You know what I would like 0 Spreads and a fixed monthly fee. Now that would be a criminal. :lol:
Hey Bob

I was just reading through the 10.3 Forum Pages and saw this comment from you about a Broker with a fixed monthly fee...well there is a Broker that offers just that, its called TheCollectiveFXGlobal:

https://www.thecollectivefxglobal.com/global-home

I've been using their demo account and no complaints so far..I'm not sure they accept US based clients though..

JP
Author:  gaheitman [ Sat Nov 24, 2012 1:46 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
theforexedge wrote:
nanningbob wrote:You know what I would like 0 Spreads and a fixed monthly fee. Now that would be a criminal. :lol:
Hey Bob

I was just reading through the 10.3 Forum Pages and saw this comment from you about a criminal with a fixed monthly fee...well there is a criminal that offers just that, its called TheCollectiveFXGlobal:

https://www.thecollectivefxglobal.com/global-home

I've been using their demo account and no complaints so far..I'm not sure they accept US based clients though..

JP
It seems they hope to be able to take us at some point. They have an option for US customers and it goes to a page saying:
We are completing compliance review at this time.
To be notified as soon as it is ready, please get on the notification list below.
Where it collects your email address.

George
Author:  gaheitman [ Sat Nov 24, 2012 2:54 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
dancingphil wrote:Can someone help to understand the maths formula behind both the Fib levels and the S/R levels we use in 10.3.

Anyone know the formulas to calculate my own values for Fib Level 4 and 5, as well as how to determine the S/R levels for 1-5?

Phil
10.3 FXSystems13.JPG

The formulas are:

Code: Select all

   R = Adr;
   R1 = DO + (R * 0.382);
   S1 = DO - (R * 0.382);
   R2 = DO + (R * 0.618);
   S2 = DO - (R * 0.618);
   R3 = DO + (R * 0.82);
   S3 = DO - (R * 0.82);
Where Adr (and therefore R) is the smaller of a 100 period or 3 period ADR. DO is the daily open. I have no idea what you might want to use to extend this further. ;)

George
Author:  retireme [ Sat Nov 24, 2012 3:00 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
gaheitman wrote:I have no idea what you might want to use to extend this further. ;)

George
Was wondering that myself George, got a little excited too! :mrgreen:

RM
Author:  onward62 [ Sat Nov 24, 2012 3:29 am ]
Post subject:  Re: 10.3 SCALPER/RANGE TRADE SYSTEM
dancingphil wrote:
gaheitman wrote:
dancingphil wrote:Can someone help to understand the maths formula behind both the Fib levels and the S/R levels we use in 10.3.

Anyone know the formulas to calculate my own values for Fib Level 4 and 5, as well as how to determine the S/R levels for 1-5?

Phil

Thanks for the fast reply George.

So S/R levels have fib ratios in the formula. And DO is the base level used for calculations. I don't understand why there are differences between the S/R1 levels, S/R 2 levels etc. The formula can quite properly give support levels that have different spaces between themselves and the DO than resistance levels do?

And Babalu4u's 10.3a DFib.DP 11.19 indy shown in that chart is using Fib ratios too, which I had understood to be using Daily Pivot as the base; though maybe not, now looking at the chart more closely. The Fib levels look symmetrical, but not consistently anchored to either the DO or DP that I can see.

Fib Level 3 is normally what I use to CT trade from with the 10.3. Yesterday, the Fib Level 3 in the chart got blown out of the water, and I am looking to extend the values for Level's 4 and 5 ...seeking any patterns that could be useful.

These are not volatile times; and when they do return, I want to be using sustainable S/R and Fib levels to CT trade from.

Phil
Phil,
You might want to take a look at the THV Pivot indi attached. Very configurable. You can show daily pivots or Fib pivots or both. It'll show fib pivots out to level 5

Cheers
Michael
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