Kiwi

The Wiki doesn't give full information. Try going to his site for more info including examples. The MQ4 version is readable code. I haven't finished working through it yet but NORM is most likely just to be a normalizing factor to keep the ma lined up with price.

If watching the futures volumes, depth and spread is an issue then all you need is the data. Data varies between cheap and free. I can chart a futures market and its data with Sierra Chart while trading a futures or forex market so that really becomes a non-issue. The real issue then becomes spread, costs, moves and how much you trust your forex market (or distrust it but understand and enjoy any games played). The depth, spreads, and slippage of the IB forex ecn are excellent; much better than futures at the edge of market hours so as someone who trades short term in the 6am GMT to 9:30 GMT market setup games I pick cash over futures.

There are two approaches that make some sense and it probably depends how far you want to take it back. 1. Backadjust while you form continuous contracts but use highs and lows rather than the final close to line the contracts up. I do this as a check with HSI which rolls over monthly and line up the last few big swings on the old and new contracts when joining them. 2. Use spot prices. When approaching longer term resistance check the gap between current futures and spot prices then add/subtract that from the spot chart for the old S&R to find out where the S&R would lie on a current spot contract. If you were a really big boy you wouldn't need to do that because you'd have real time spot price charts available on your desk. But as a little guy you can figure out when the old spot S&R will be hit by your current real time futures contract. An example is Crude Oil Spot and Natural Gas Spot Prices - NYMEX 2b. Use the spot prices (old charts) to identify S&R then use one of the "live quote" sites that have metal and energy spot prices to alert you to proximity of the old S&R prices.

Can't resist. On Covel: derivative rubbish and not a patch on either Faith's book or the Market Wizard books. My Amazon review was also removed. I no longer trust Amazon and in fact buy almost all my books now from The Book Depository who ship free anywhere in the world! On whether his decision to follow the rules and trade each signal (which we are all supposed to do but so few do): Intuition may refer to: Intuition (philosophy), the act by which the mind perceives the agreement or disagreement of two ideas Intuition (knowledge), understanding without apparent effort So I would suggest that intuition is a reasonable description of the choice. Especially given that virtually everyone else followed their own intuition and tried to make each trade work better than the system. Surely they must have come to such understanding without effort. Although I do think that Faith had Faith in Eckhardt et al.

I enjoyed his first book but have yet to read this one. I will rectify that. Thales, something I'm reading currently might both appeal to your enjoyment of ancient philosophers and stimulate your mind: The Search for Meaning: A Short History; Dennis Ford; University of California Press; 2007. I am thoroughly enjoying it and bizarrely it has re-stimulated my interest in trading HSI (figure that out).

Yeah, I have a copy of Amibroker too (older now) and really liked the backtesting approach they use, one of the best - Sierra still haven't caught up there yet. The things I didn't like were: - lack of "deep" control of the gui so charts were a bit 1 dimensional - lack of good multitimeframe control - the plug in for ib wasn't ready for real time reliable usage (this was about a year ago) The nice thing was that you could write your code as C++ (seems they copied the structure) if you didn't use the coding short cuts. Which meant I was planning to write and test with AB then translate to SC for real time usage. As it was I resolved backtesting sufficiently to meet my needs so dropped AB for now. Let us know how you go though. It seems a great package for the price.

Autohotkey (and Autoit) are free macro scripting languages/tools widely used in the IT ops community. The thing you see in the picture is a script (below) and it writes a text file with 4 numbers. I then parse that in my order management to extract the current commands. On two of the charts you can see some grey numbers. The first number is time till bar closes (which I havent bothered to make work in sim mode so the numbers are "funny" on the picture). The second shows the 4 digits in the text file. 1=do nothing, 2=buy, 3=sell, 9=flatten and cancel. Autohotkey scripts are pretty simple once you've played with them for a bit. Here's the box (my stuff is never commented and it may have stuff in a script left over from an earlier one I modified to get from point A to point B ) I use autohotkey scripts to convert keys into macros (application sensitive) and also to do stuff like autoboot tws + various sierra chart instances (you can run as many scs on one pc as you want and (i think) 3 on separate pcs). #NoEnv ; Recommended for performance and compatibility with future AutoHotkey releases. SendMode Input ; Recommended for new scripts due to its superior speed and reliability. SetBatchLines,100ms #SingleInstance force SetEnv, Kill, SetEnv, Active, SetEnv, Retrace, 9 OnExit, ExitSub Gui +AlwaysOnTop Gui +Resize MinSize90x30 +MaxSize900x400 Gui +ToolWindow ;Gui, Add, Checkbox, vOnOff gCBox Gui, Add, Button, vOnOff gCBox Gui, Add, DropDownList, vEU x+5 AltSubmit gEURUSD, EURUSD||Buy Euro|Sell Euro Gui, Add, DropDownList, vAU x+5 AltSubmit gAUDUSD, AUDUSD||Buy Aussie|Sell Aussie Gui, Add, DropDownList, vGU x+5 AltSubmit gGBPUSD, GBPUSD||Buy Cable|Sell Cable Gui, Add, DropDownList, vEJ x+5 AltSubmit gEURJPY, EURJPY||Buy E J|Sell E J Gui, Add, Button, vKill x+5 gKill Gui, Show, X-700 Y-19, Order Management Gui,Submit,NoHide GoTo Text ; ButtonCloseGui: ExitApp Cbox: GuiControl,Choose,EU,1 GuiControl,Choose,GU,1 GuiControl,Choose,AU,1 GuiControl,Choose,EJ,1 GuiControl,Choose,OnOff,0 GuiControl,Choose,Kill,0 GoSub Colour GoTo Text EURUSD: GBPUSD: AUDUSD: EURJPY: GoSub Colour GoTo Text Text: ; if OnOff=1 { FileDelete,S:\SierraChart\Commands.txt FileAppend,%EU%%AU%%GU%%EJ% , S:\SierraChart\Commands.txt } GoSub Colour Gui,Submit,NoHide return Colour: if (EU=1 and GU=1 and AU=1 and EJ=1) { Gui, Color, C0C0C0 ; standard } else if (EU=2 OR GU=2 OR AU=2 OR EJ=2) { if(EU=3 OR GU=3 OR AU=3 OR EJ=3) { Gui, Color, E0E000 } else { Gui, Color, D0F0FF } } else if (EU=3 OR GU=3 OR AU=3 OR EJ=3) { if(EU=2 OR GU=2 OR AU=2 OR EJ=2) { Gui, Color, E0E000 } else { Gui, Color, FF8080 } } else { Gui, Color, E0E000 } Gui,Submit,NoHide Return ExitSub: FileDelete,S:\SierraChart\Commands.txt FileAppend,1111 , S:\SierraChart\Commands.txt ExitApp Kill: FileDelete,S:\SierraChart\Commands.txt FileAppend,9999 , S:\SierraChart\Commands.txt sleep,30 Gui, Color, C0C0C0 ; standard Gui,Submit,NoHide sleep,10000 GuiControl,Choose,EU,1 GuiControl,Choose,GU,1 GuiControl,Choose,AU,1 GuiControl,Choose,EJ,1 GuiControl,Choose,OnOff,0 GuiControl,Choose,Kill,0 GoSub Colour GoTo Text Gui, Add, Checkbox, vOnOff gCBox Gui, Add, DropDownList, vEU x+5 AltSubmit Choose1 gEURUSD, EURUSD||Buy Euro|Sell Euro Gui, Add, DropDownList, vAU x+5 AltSubmit Choose1 gAUDUSD, AUDUSD||Buy Aussie|Sell Aussie Gui, Add, DropDownList, vGU x+5 AltSubmit Choose1 gGBPUSD, GBPUSD||Buy Cable|Sell Cable Gui, Add, DropDownList, vEJ x+5 AltSubmit Choose1 gEURJPY, EURJPY||Buy E J|Sell E J Gui, Show, X-640 Y-19, Order Management Gui,Submit,NoHide

Also he's just doing it for fun. Like a reactive computer game. His real money comes from the mug punters like all stock and futures brokers. Personally I think tape reading is something some could learn to do well for short timeframe trading. You'd need an exceptional, or maybe a good but very well trained memory, to make it work on longer timeframes. Your mate, bob, is displaying the typical arrogance of someone who doesn't understand another method. Which is: the thing I don't do is rubbish. The market wizards series shows it even in the best with fundies saying I've never met a technical trader who made money and guys like Seykota and Eckhardt well able to put the opposite point of view. One of the most difficult things in this game is that you get all this: --- xxx doesn't work --- xxx does but you can't do it, dipstick and its damned hard to sort the wheat from the chaff. FWIW my stuff works

FYI, this is a a replay showing my trade setup on a trade from yesterday afternoon Aus time (chart times are GMT+2 as matches globex opens). .

I'll second Sierra Chart as I use it for exactly this. You didn't say who your broker is? I use Interactive Brokers who've run and ECN and have got half tick spreads on EU and during peak time, some of the other majors, but do have commissions. As well as visual/audio/email etc signal generation you can deal with order generation. On chart; on dom; electronically. For example, with M5 forex I always enter with a trailing stop limit so I have an autohotkey pull down menu for each of the pairs I trade on short term to buy or sell (and single buttons to cancel all orders or close and cancel if things go wrong). Then a module on SC tracks price down until the stop limit gets hit. Bracket stop and targets are handled automatically. I believe you can deal with NT in a similar way but I understand its a bit buggy at times and I'm sure it's more expensive (if you're actually trading).

I don't know actually. I took the trade on a pullback after a 2 pt break then went out and an hour later, noting it hadn't moved and I didn't have time to manage it pulled the stop up behind M1 retests then got taken out for 3 points. What I found really interesting was that it failed trying to make my normal short trigger (not that I would have normally shorted such a strong move up but got curious). The thing that made me put trendlines on was realizing that TraderV included trendlines. I seem to recall he worked back from right to left so he might have put his under the two I touched; or one of them and the one I skipped over in the up move. That's part of the reason I prefer channels to trendlines: the other side defines what the "real" slope of the market is during this move. Then for a change of trend I look for consolidation below the high and reversal ... a channel based 123. I wonder if one of those occurred. Just checked and you can draw and internal channel that makes it work. The key thing was "breaks a trend (line/channel), forms the lower high, breaks the pattern". But in this case it simply failed to progress at the wider channel. Actually: on thinking about it the key thing is probably not what I suggested. The key thing is to trawl around in the possible setups, find ones that appeal to you, then test them thoroughly with stops, targets, and exit rules to find ones that could work for YOU. Then to try it in real life to see what you missed. .

Here's the M15 view. TraderVic wants a trendline break (2 here) before his 123. .

Interesting look on EJ H4 at present. To me it looks like a rollover so I'd be thinking about a short if it breaks (rules would need to be applied to said break). Note that in my charts for D and H4 I have both Globex (=Athens) close based charts and London midnight based charts. London charts have the green countdown clocks on them and are to the left of Globex. This follows the observation that GU in particular gave clearer PA signals when you set your clock for London midnight than when you set it to Globex (futures) based midnight. I take signals off either if they are clear. On Globex H4 you can clearly see loss of momentum and parabolic underside to the last 4 bars. On London H4 the same time period shows as a high, indecision with lower close, equal high. Funny how much difference a 2 hour shift in midnight makes. .

Someone asked why Atilla doesn't just trade his plan (I wondered if they'd ever traded a serious amount of money). Here's something out of left field. I've always wondered where my own bad trading habits came from and struggled to get control over them. I've accepted that its because when you trade you're operating different parts of the brain to when you plan to trade. Just like if you plan to be celebate then go to a party and have a few drinks, some dancing, meet a pretty girl .... Yes; the research does suggest that one part of your brain switches off (or down, down) as another switches ON. Anyway; before trading I used to have a problem with procrastination so when I saw a book called The Now Habit (which is quite old but a newer book by the same author was released and generated some interesting comments) which purported to have a different take on procrastination (the why and fixing the why, not behavioural fixes such as I've always used) I thought I'd read it. And as I read it I realized that Firore is talking about "doing the wrong thing trading" not about "not doing the tasks you planned to do." So, I'm quietly studying it, trying to figure out whether you can apply his theories or something very close to trading. Maybe a book from me. So, anyway, a recommendation. Might help someone fix one of their patterns.

Amused maybe, upset, nahh. Perhaps you were looking in a mirror for that entire post? That's a lot of LOLs from a poor bullied unhappy guy.

Ignoring the spelling - this is the funniest contribution to the thread yet. :helloooo:

Is anyone on the internet not a dog? Is a person really what he says? Or who he says? Can one photoshop large arrays of monitors from one's trailer park. Is the attached photo really my view when I leave my study to make a coffee? I have no proof of his effectiveness at all. But unlike most people he actually discourages buying his book - he says he makes little money from it and that he wrote it very quickly making it hard to read. Bizarre given how many other badly written hard to read books are out there (anyone deja vuing on Mark Douglas's books). Also, unlike most he doesn't seem to attract that sort of guru criticism. I can usually smell them a mile away including the frauds such as we have here but I have yet to pick up a whiff of the stench. My recommendation isn't based on knowledge of his profitability. It is simply that when I saw his stuff it is very similar to the best of my stuff. Also pretty similar to how I think Brownsfan trades. And similar enough to what Attila wants to do that it should reinforce his best rather than hinder him. The other thing I liked was that I got a couple of ideas that fit into "my stuff" which worked and improved me a little. Other ideas I haven't even tried as his book is a bloody awful read and his videos are not "tony robbins" style ... I can only take a little at a time. .

Bias is a funny thing (except when its xxxxing you up). One thing is to be very careful of significantly higher timeframes. If trading 5m then looking above 15-60m puts you into a world of hurt, looking for trades that never happen - even 60 can do that. One of the easiest ways of dealing with bias is: - put an ma in the 20-40 range on your chart (I am fond of 34, others like 20 or 21 or 18) - keep reminding yourself that you'll be biassed and maybe even write down what it is currently - keep reminding yourself how well it worked for you in the past (maybe have 3 charts in your folder marked up with particularly excellent examples). - then having accepted that your bias is short but it never helped you ... trade in the direction of your ma Glad you liked the Al Brooks reference. I just gave it to another person here who had been using floor trader method (which I started with too) but found it a bit weak when the intraday noise intruded on it - Al lives and breathes that noisy space.

One thing I have always found is that if I read/watch stuff that isn't closely related to how I trade/want to trade it influences my real time behaviour. It looks like you are trading very much in the style of Al Brooks (or would like to be). If you are not then you could add his stuff to your part time reading. There is a web site with some videos at: Brooks website

It will measure them against some sort of average/basket. Its like creating an index and the basket will probably consist of a weighted (by world trade?) combination of the other currencies. So you might say the the ubercurrency was 50% usd, 30% euro, 20% yen, 5% aud, and 5% cad. Then the question is: How much has USD moved against (0.5 USD, 0.4 EUR, 0.2 JPY, 0.05 AUD, 0.05 CAD) since the left hand edge of the chart.

Interesting information about service host. I have always regarded this kind of slow down as a potential problem and for the last couple of years have run a simple solution. The problem is exacerbated for me by my tendancy to experiment with applications thus noising up my directories and my registry. When I first build the OS with my core apps I take and image of the C drive (I don't have my data on C, I redirect My Documents to my E drive). I currently use Macrium Reflect to do that and Cobian Backup for my data backups. That image is pure and can be used to recover from a virus or to give me a clean start. As I progress along my machine gets messier. So every couple of months I reimage C and then reinstall all the newer programs or versions that I have found acceptable. I then save this image which is "Core+changes at xxx" and move along one set of changes at a time. After two or three cycles I start from the Core and do the changes since then. Its a little like revirginning your lover:) This year I got inspired to build as much of my system with free open source software as possible so I did a clean install of XP and have only 3 paid softwares where I couldn't find satisfactory open solutions (XP itself, TextAloud for listening to PDFs, and ConvertXtoDVD). So its like having a brand new partner.

yeah, erogodic and tsi are the same thing.

In future just don't include the spam address. In current time you can hit the report post button and request that a mod remove the url for the spam. I have done that.

Thales is right about different. Its always different and yet, when you look back at history, its always the same. I recall skimming a book about the lack of good journalism today and one of the points made was that if you compare stories written for dailies with weeklies with monthlies with historical context ... with time truth emerges. But it isn't in the dailies or the blogs because events and emotions swamp the underlying truth. So, the truth: When something "big" happens it is rarely what you expect by reading the concerns of the day. The markets will go up and down. We'll have periods of high and low volatility in different timeframes. And I won't be able to predict when changes will come - I'll just have to go with the flow and manage my risk.

Whats the processor and how much memory dude? ____________________ Don't expect anyone to treat you like a human when you act like a complete twat