DislikedThanks Josh re: usdcad the other day
Currently keen on USDJPY and the possible RT forming...given the sudden previous upsurge it looks good for a retrace imo.Ignored
BYE
MIKE
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DislikedThanks Josh re: usdcad the other day
Currently keen on USDJPY and the possible RT forming...given the sudden previous upsurge it looks good for a retrace imo.Ignored
DislikedAnybody considering the JPY INTEREST Rate dec. and commentary releasing sometime tonight???????
This will be a huge piece of info for the market....to Carry or not to Carry...that is the question .Ignored
DislikedWhile waiting on the usdjpy (previous bar didn't turn out to be a RT after all), this gbpusd jumped out at me. Nice RB, and price is sitting right on top of the 89MA. Previous 2-3 bars trying to penetrate it and couldn't, forming tails. What do you folks think.Ignored
DislikedJust an observation.
Has any one seen the evening star on the E/U Daily.
JIgnored
DislikedI get my morning and evening stars mixed up...but yes, Hard1Head1, I have a doji from the day before last on my daily charts.
As to the EMA question posed earlier....Both respondents are right....If you wanted an equavalent MA that shows the same on the daily as on the 4 hour, you would multiply through for the period....
If you wanted the same system on a larger time frame, you would keep the settings the same. Then you are only using info pertinent to the daily chart.
Think AlCastro could answer the question best on the daily, how the system performs b/c he is in process of testing it. From what I gather, it works well, just doesn't give many signals...which could be a really good thing! (keep us from overtrading).Ignored
DislikedPalmer, first of all happy birthday, Im sorry I missunderstood your question I use the MT4 platform, however I dont know how to draw the SMA and the EMA' s needed. I have looked and havent found any indicators downloadable so I imagine they are a part of the system already, can someone please advise. Either can I download your indicator or can someone explain how to draw them. Thank You.
Peace, Justice, UnityIgnored
DislikedJim, I have a limit order to go short on this one @ 1.3583. Not a MACD signal. Just following the evening star.
I had to edit this message because as a matter of fact this evening star was announced by the MACD system. Only that it announced it before the 3rd candle confirmation. So it was an early announcement. i didn't take it at that time because it was very close to the 8 MA and could had bounced back up with a TC, and it was a countertrend, and i am a chicken. That is why now I have a limit order (short) right under the 8 MA. If it goes below it it might go down to the 21 MA. Remember I am talking about the daily chart!!!Ignored
DislikedEU is actually on a major pivot level being 1.3580. Looking at the daily charts, we have an evening star and this is bearish. H1 shows a drop, then a chanel trading suggesting a second drop if level broken targetting 1.3540.
H4 MACD is not telling a lot yet. Kind of a RT, but under .0015 level, so a TC can be as well.
So my strategy would be to go long around 1.3590 with a stop reverse under 1.3580, first target up 1.3620, adding to position if broken second target 1.3665 for a second all hi time test. Will reverse then if this level holds.
Else, if 1.3580 is broken, I go short targetting 1.3540 first.
In four words, watch for 1.3580 level
HaniIgnored
DislikedH4 MACD for EU has given a TC signal to go long at 1.3614 confirmed by H1
ttying to do a new test of highs as mentioned previously. Adding to position for longIgnored