Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

cowboy_town

Paint Bar Factory

Recommended Posts

Can you reference some of the better ones you have used...thanks so much -!!

 

Trader12345-

 

I would suggest that you take some time to look at the Jurik site. There are many charts and examples using both the 4 major indicators and some variations.

 

Then, if you would like to see an indicator applied to chart just let me know

the symbol and time frame and I'll post it so that you can see the merits.

 

Power555

Share this post


Link to post
Share on other sites

Attached is a :15 of e-mini and a :05 e-mini. No particular indicator settings. Indicator code is open, the functions are locked. You can incorporate the code into existing indicators or strategies.

EMin15.thumb.jpg.d0d74be9cba20c6928f2f092e8346a6f.jpg

5aa70f19b4494_e-mini05.thumb.jpg.30b0009a995384cdb5e4b3e1398daa65.jpg

Share this post


Link to post
Share on other sites
So, which Jurik's indicators do you like and/or recommend as a system for the most benefit?

 

Value in order: JMA, RSX, CFB, VEL. As mentioned, with each come some additional indicators.

Share this post


Link to post
Share on other sites
Hi Larry,

 

Thanks for your time to reply...wish we were all on vacation!.. Can you give me the vendor names for Price Action and Blue Ray...I did a quick Google and came up with Forex Factory...for the first one, but was not sure if this is another generic indicator name, like there are several versions/vendors of "the squeeze".

 

Appreciation your assistance...

 

Many thanks once again.

 

Hi,

 

There is no really indicators for price action. It is more definition of patterns.

Read Suri book, it is a great read.

 

Larry

Share this post


Link to post
Share on other sites
Value in order: JMA, RSX, CFB, VEL. As mentioned, with each come some additional indicators.

 

 

I bought the ones you suggested but I was not sure what settings are recommended and how do I benefit the most from using the ones you suggested, namely JMA, RSX, CFB, VEL. Could you please give your opinion if possible. Thanks.

Share this post


Link to post
Share on other sites
I bought the ones you suggested but I was not sure what settings are recommended and how do I benefit the most from using the ones you suggested, namely JMA, RSX, CFB, VEL. Could you please give your opinion if possible. Thanks.

 

Glad to offer my opinion...why not post two charts of what you trade in the most common time frame that you use? In one sample show your existing indicators and in the second show the Jurik that you have. We can share, perhaps under a Jurik thread? Don't want to mess this one up any more than I have.

Share this post


Link to post
Share on other sites
Hello Trader12345,

 

Blu-Ray is one of our friends on this forum, who has put in extensive efforts to program multiple indicators. I am providing you with the link here:

 

http://www.traderslaboratory.com/forums/f46/various-indicators-squeeze-2fastmas-etc-3688.html

 

For price action, please email me privately and I can give you the name of the mentors I use that I find excellent in my trading.

Sunilrohira,

I was reading your post on mentors of price action. Can you pass along that information.

Thanks so much.

traderz

Share this post


Link to post
Share on other sites

As I am reading several forums, especially this one, regarding PBF indicators, all I can say is "too bad."

 

It seems everyone here is trying to hack the PBF indicators or trying to emulate them to "look" the same. And you guys (BlueRay) have done a GREAT job to make it "look" similar to PBF.

 

The fact of the matter is, it only "looks" the same. Why are you guys spending your valuable time in coding, hacking & pirating PBF or any other vendors indicators? You say all vendors indicators are a scam etc etc and dont work, Then, why are you trying to hack/code these same indicators? This shows me that everyone that is trying to do this are not traders and just love to hack a proprietary indicator, and the thrill of getting to "look" similar. Be my guest, hack away while I am one of the honest traders that actually paid full price for the PBF package and dont regret it at all. The customer service, mentoring, and guidance, all come with your purchase. Lets see if you get these on your hacked-look-a-like indicators. All I know is, I am successful with my PBF indicators, are you with your hacked ones? or are you spending all of your time coding and hacking and never traded before?

 

I dont want to sound like an "a@#" considering it is my first post. But I am no stranger to this forum, I just decided to register and post a reply cause as I am reading your posts these past few months, its making me sick to my stomach. This forum is about helping others trade for the better, not on how I can hack the next indicator.

 

And I have no relation to PBF at all, I wish I was, maybe an affiliate, cause these indicators work for me! You just need to learn how to read them. These indicators show support and resistance levels. You just need to learn to read them!

 

I am done with my rant, good luck to all. But if anyone wants to talk about PBF and how to read the indicators and feed off of each other idea's and strategy on using them, I am all for it. But if the conversation/thread is about how expensive it is and lets see if we can hack a look a like, then dont bother.

 

Bottom line, if you are spending a ton of time trying to hack or make an indicator look like PBF's, then this is telling everyone, that PBF indicators are legit and they work. And you are just too cheap to pay for the real ones!

Edited by marker

Share this post


Link to post
Share on other sites

Marker you should look up "hack". "pirate" and "reverse engineer" they are not the same thing. Kind of academic really as no one is trying to hack or reverse engineer anything. Blue Ray posted some indicators based on public domain code. If they resemble the PBF ones that suggests one thing to me, PBF are just like the TTM guys....selling stuff that is essentially public domain code.

Share this post


Link to post
Share on other sites
Marker you should look up "hack". "pirate" and "reverse engineer" they are not the same thing. Kind of academic really as no one is trying to hack or reverse engineer anything. Blue Ray posted some indicators based on public domain code. If they resemble the PBF ones that suggests one thing to me, PBF are just like the TTM guys....selling stuff that is essentially public domain code.

 

 

I hear you, the only reason why I wrote what I wrote, is that someone requested BlueRay to code some indicators to make it look like PBF's. It wasnt that he code something and by chance it looked liked PBF, he was on a mission to make something look like PBF.

 

You are correct that coding formulas are public knowledge. What I am trying to say is people should not waste their time trying to get some free look alike indicators. Why spend that time when you can just honestly purchase the original ones and trade and make money with them. All I am saying, (again) is lets learn from each other on how to use the PBF indicators, thats all. IMHO, its a waste of time trying to tweak and adjust a public indicator when in fact, the bottom line, it will not indicate the same way, it may look like it, but not operate the same. Thats all.....

 

Honestly, I paid the entire PBF package, and I love them! No regrets!

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 28th March 2024. The US Dollar Strengthens As Economists Believe The ECB Will Struggle To “Hold”. Early this morning, the Fed Governor advised “there is no rush to cut rates” and “the data within the upcoming months” will be vital. The US Dollar Index rises to a 1-month high. The value of the USD will largely be based on today’s data on economic growth, consumer sentiment and pending home sales. Dollar and index traders are closely monitoring tomorrow’s Core PCE Price Index which analysts expect will read 0.3%. A higher inflation reading can potentially pressure stocks and support the Dollar. Strong declines in NVIDIA and Netflix stocks pressured the NASDAQ on Wednesday. Though, buyers entered late in the session to boost the overall price. EURUSD The latest comments from members of the Federal Reserve are supporting the US Dollar. The forward guidance between members of the Federal Reserve is mainly not aligned. The Chairman advises the Fed does not need much more proof for the regulator to feel comfortable reducing rates. Whereas the Fed Governor, Mr Waller, advises there is no rush, and he wants to see a few months of data before determining the next move. Therefore, the upcoming inflation and employment data will remain vital and could even push back rate hikes further. According to economists, the Federal Reserve will cut the interest rate on 3 occasions this year, but the timing of the first cut is less certain and may change depending on upcoming data. A positive factor for traders is that EURUSD exchange is not witnessing conflicting currencies. The US Dollar is trading 0.12% higher while the Euro is declining against most currencies. The Euro is trading 0.06% lower against the Pound and the Canadian Dollar and 0.16% lower against the Japanese Yen. Yesterday, the head of the Bank of Italy, Mr Cipollone, said that the authorities were confident that inflation would return to the target of 2.0% by mid–2025. He also supports the lower of interest rate and will use this as a basis for adjusting monetary policy. The Euro is generally under pressure as investors believe the European Central Bank will struggle to avoid cuts if the Fed decide to delay their adjustments. The US Dollar will be influenced by four major economic data releases. The US Final GDP, Weekly Unemployment Claims, Pending Home Sales and Consumer Sentiment Index. If these read higher than expectations with the weekly unemployment claims dropping, the US Dollar is likely to witness further support. However, investors should note the main release will be tomorrow’s Core PCE Price Index. Traders are expecting no major news for Europe and volatility levels may fall tomorrow as European markets are closed for Easter. Technical analysis currently points towards a continued downward trend. The price is trading below the neutral on the RSI and below the 75-Bar EMA. However, investors should note this will also be dependent on upcoming US data. USA100 The price of the USA100 was under pressure throughout the whole US session but was saved by an increased volume of buyers late in the session. However, a positive point is the components held onto their value. Even though the index fell in value, only 28% of the components declined. Investors will now turn their attention towards tomorrow’s PCE Price Index and the upcoming earnings season which will start in mid-April. The price is now trading slightly above the Moving Averages but slightly below the 50.00 on the RSI. Therefore, technical analysis remains at the “neutral” level and continues to indicate a larger price range. If today’s economic data is positive the stock market can witness confidence and support as this continues to indicate a soft landing. Though, if the data is too strong, it could also trigger a hawkish Fed which is known to be negative for the USA100. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • $IBKR Interactive Brokers stock narrow range breakout watch above 111.16 , see https://stockconsultant.com/?IBKR
    • $ISRG Intuitive Surgical stock narrow range breakout watch above 403.07 , see https://stockconsultant.com/?ISRG
    • $JETS ETF top of range breakout watch above 20.61 , see https://stockconsultant.com/?JETS
    • $KKR KKR stock bull flag breakout watch above 102.64 , see https://stockconsultant.com/?KKR
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.