Also, I like your quote.
Intellectuals solve problems; geniuses prevent them."-- Albert Einstein
Can we expand it like this?
Intellectuals solve problems; geniuses prevent them; Politicians create them to keep intellectuals and geniuses employed.
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DislikedYes, I understand your points. By the way, the "Trend Continue" signal can be taken and it can use the "Higher Low" or the "Lower High" signal as exit if no other exits are available/defined earlier. (Philip, pardon me if I am trying to use your entry signals for exiting. In fact, this exit I am talking about is in addition to your well-proven exits of MAs, Trend lines and Price levels, just in case we need additional one).
Your observation of divergence is very good and the divergence is a very strong confirmation.
Thanks for this meaningful discussion.
-ChandraIgnored
DislikedWe have ADSL connection problems. Working on Mobile GPRS. Takes ages to load a page. Will give some more info when up and running.I like the interaction that is happening. Keep it up.
When a round top is busy to form (in an uptrend) and the price is above the 21 and 8EMA the possibilty for a continiuation is also on the deck. I will only take the round top if there is enough to the 21EMA because in a trend the price tend to retrace to the 21EMA and then continue its path. Allways work out your risk:reward to see it it is worth it.Ignored
DislikedHi Phillip (or any trader),
It is 11:11 AM EST. Can you look at AUS/USD and commet on it please? Thanks.
-ChandraIgnored
DislikedHi Phillip (or any trader),
It is 11:11 AM EST. Can you look at AUS/USD and commet on it please? Thanks.
-ChandraIgnored
DislikedHello Phillip,
I am trying to draw MACD for a pair containing JPY. I think the levels (-0.0015 to +0.0045) needs to be adjusted to (0.15 to 0.45). This is only for pairs made with JPY. Please confirm.
Thank you so much.
-ChandraIgnored
DislikedPhil,
Do EUR/USD can qualify as Round Bottom now, or have to wait for present candle to close?Ignored