Welcome to NexusFi: the best trading community on the planet, with over 200,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- discounts are available after registering.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
You may be able to move (right side margin) the chart over in the properties for the chart. I don't know exactly what you're looking at, just offering a possibe solution.
wow, this indicator is great! Thank you for sharing it! Are you still developing it? It would be great if you could expand on the manual a bit when you have the time and opportunity!?
I agree with you. I am very interested in seeing how the creator of such a good tool puts it into practice. I am using the indicator. I like how it works and how it fits my way of operating. But I would like to see how the creator uses it. Congratulations to him for such a good job.
Thanks for the kind feedback! You're welcome, hope it helps. I'm not developing this anymore, sorry to say. Ill respond in more depth to another comment here.
This reply is very late sorry. Hopefully you are still using the indicator and getting some value.
I am not trading anymore. I was trading FX professionally for a number of years, I had a licensed fund in Australia. Prior to going professional, after years of trading, I identified that I was a good technical analyst but had no patience for the fundamentals. Over time I realised the importance of fundamentals and that they simply could not be ignored if my trading was to be reliable.
For this reason, I found a partner who was a very good fundamental analyst and he also had a bulletproof psychology for managing large trades without emotional attachment. We were trading positions sizes in the 100's of millions at one stage. My role was to feed him technical sup/res zones which increased the likelihood of finding reversals. When overlayed with a well-researched fundamental bias, this was a winning strategy.
So, to your question. I would setup GK on the Daily, 4h and 1H charts. Firstly adjusting the autoswing by eye and ensuring the last few swings in each degree were the right ones. I was always looking to identify zones where multiple technical levels where lining up in a reasonably tight range that combined the multiple timeframes. Entry a couple of points before the range starts, and stop loss a couple of points outside the other side of the zone. I found that when many technical points lined up, it increased the likelihood of a technical turn. Especially if it was to mark the continuation of the greater timeframe trend. When short term trends were going against long term direction, reversals are more powerful and can offer high R:R's.
I haven't looked at a chart for a while. But there were some overwhelmingly persistent consistencies in terms of activity at certain geometric-derived ratios. For example, the fib extensions and expansions at the 161 number were some of the most notable, likely due to profit targets. The AUD/USD used to undoubtedly favor the 77% retracement level. When combined with TL's and LIS's (line in sand (support becomes resistance and vice versa))
My trading was largely modelled on Bryce Gilmores "Trading to Win" book. If you read that book, you will know how to use this indicator and follow this philosophy. Feel free to ask any questions folks. Thanks for the positive feedback, its appreciated!