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 After your tale below, I have a hard time believing that, sofia!?! I'm the same...dancing is more "memorable" these days...not like when I was younger and just flailing my arms in the air to any shitty tune, on any given night of the week! Guess I'm getting older...not OLD...just...older...and more selective. 
We had our own learning-curves. No two people travel the same paths...even if you're "blood"! BTW...we don't really get along that well. Mammy is where my soul came from. Papa...where I don't want it to wind up! Life is too short. |
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This thread will settle exactly where we want it to. I predict a soft landing...and water for everyone!
Check this shite out, too... I tried to get the timeframe and scale similar to yours. Those lines are drawn from an indicator that I've been tweaking. I'll post it in meat, or potatoes when they are rolling. I "borrowed" it from somebody else (some MT4 coding legend) and have been tweaking it to my fancy for a while. One of the reasons I love it is that it draws itself on my charts at the first tick after 5pm NYC close. I don't have to think...it just does. The attached image doesn't tell the whole story, because its waiting for the next available tick...5pm EST Sunday...on the brokerr its floating on. What is scary about it...is how accurate its levels play out over and over, historically. So...if history gets respect...does the future get some, too? Well it does from me...until proven silly. I'll explain more soon. Great charts, my friend...dying for elaboration...and collaboration!  PS-I hope ANYBODY can download any attached files here....regardless of vouch count. If you can't...say the word somewhere. pps- None have really been posted yet...give it a little while. |
It worms my heart Venice, stay focused, never move the SL and accept the winnings is the next step You are actually walking your own path, there's nothing more to it.. Just you, and the charts... |
That is actually the first time I have said to anyone in here, accept the winnings that is... |
kenfen! cool thread bro. Interesting story on your move into speculating in FX. I'd like to contribute later, but for now, I will share a very important part of my daily routine... Inserted Video |
If it wasn't 5:30am here...I would CRANK that!!! Good stuff, brother...important tool you posted there! |
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Snatch that summer before she slips away! Just getting nice now; little cooler...just right. Rock it! |
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The way I view the market is just constant movement from demand > supply and supply > demand. It never has to obey levels as a general rule, but, there is always a good chance of at the very least a bounce. And of course, the more hits to a zone, the more like it will move on above or below it. I only play the first hit after a newly created zone. I actually use fractals as an automagic indicator to calculate supply and demand levels... and it gets around 90% of them. It's usually the minor zones that it misses as well (one that will more than likely create a bounce then price will continue on). |
1 Attachment(s) Good to have them levels there... The question now is this: Which one is going to be hit next? Will it be 4450 or down to 4321? So I need more stuff on that chart. Now I can get a little bit of a bias... I don't like stuff that can go either way. I want it to be as exact as possible. These are 3 linear regression channels... The shorter they are, the weaker. The rules about these channels are these: 1. Should be used for EXITS, not entries. 2. Can not assume a reverse or a break at the channel edges. 3. Can assume a retrace. 4. The price may or may not make it to the other side. How's this for nothing much useful?
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1 Attachment(s) Moving on. So it's not good enough. I need something that would give me some sense of the range. The ugly sister I mentioned yesterday will show up now. LOL. I know, I know. Call me crazy. I will understand. Magenta is a Price Channel, white is a BB 50 and yellow is a BB 20. In general the price moves from one side of these fellows to to other with a go/no go around the middle. Many times, when the price makes a long wick on pushing the PC usually means that's just a bounce. It will come back and continue with the original direction. There is a lot to say about these overlays. I'll leave it at that for now. |
1 Attachment(s) So at this point I still don't know where is the likely top/bottom of this move. I know where the hurdles are but I am not sure which one will hold and and which one will be just a bump in the road towards the final destination. Is this move from 4450 a retrace (if so to where?) or is it a full reverse? This is a tricky question, and I'll try to answer it with more stuff. Yeap, you've seen nothing yet... I took the same chart, removed the horizontal lines, the original s/r (I'll keep those on a separate chart), and added some indis at the bottom. First panel a bunch of MAs on top of a macd, second white is DSS, yellow CCI and lime is RSI 2. Don't worry about the third, just some things I'm watching for now. So, a top is being signaled when the CCI and the RSI hit the top of the panel TOGETHER. It doesn't mean it will turn right there, it's just a warning that we could be approaching a top on THIS time frame. DSS being flat at a top is another good indication a move the other way might start soon. The DSS will give you the smaller trend on THIS TF, while the CCI/RSI combo will give each individual up and down moves within this mini trend. The MAs+macd are self explanatory. The way I'm using these indicators are like this: Is there more room? Did the CCI/RSI hit the panel together and which way does the DSS moves right now. A flat DSS at the top of the panel means continuation. |
1 Attachment(s) I like long term view ,but not too long 4 hours is good for me ,so thats what I am looking at |
1 Attachment(s) So, it's still not clear. Duh... LOL. If you look at the TF separately you will not be able to make heads or tails of all these. But if you look at them together, it's a different story. Here's H4. A completely different picture of the whole enchilada. Those indicators hit the bottom and they have a lot of room up.... The price wonders around the middle of the PC because H1 (the chart before) shows a move down. Now we know, that move down is actually a retrace on H1. When that's done, H4 will push it up towards 4520 again. It needs to go touch the PC, and the BBs. So, I'll wait for H1 to finish it's retrace towards 4350-4330, see what the price does there and if the indis will be bottomed, long towards 4520 again on H4. PS: All subject to change of course, but this is what I see ATM. |
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