You make trading look so easy.
Regards
Martin
How to program Higher-High Higher-Low 19 replies
What are Higher High, Higher Low, Lower High and Lower Low? 10 replies
Higher High/Higher Low indicator conversion from 4 to 5 decimals. Help anyone? 2 replies
Can u point me to code 2 show each bar with a higher high & higher low? 2 replies
Disliked{quote} Hi Dave, thanks for the examples, and your continued assistance and guidance, it is appreciated. You make trading look so easy. Regards MartinIgnored
DislikedThe uptrend on euraud is clear. Yesterday D closed a shooting star. No sign of a cross of D 8lwma lower (which would never have happened given the strength of the move last week, price moving strongly away from the lwma) or RSI cross lower. No 3-7 day reversal pattern. So whilst we could have fallen further today after the shooting star viewed this as a pause in uptrend. 1hr opened the day with a big lower wick and the lows held for 9 hours. 1hr 3 bar reversal positive close back into uptrend, bought 1.4749. Target can be anywhere from area 1.4900...Ignored
DislikedThese are the charts for the rules as envisaged for an ea, see link in post http://www.forexfactory.com/showthre...34#post7096634 - I have left all the 3 bar reversals in. Again I have highlighted this mornings trades with the red lines in terms of the rules and I hope no errors. Euraud might have had first trade stopped out so I have shown 2nd entry today. Aud not looking great either but the other 3 are good. Of course with the jpy, aud pairs what can you expect from such big moves that have taken place already and consideration...Ignored
Disliked{quote} Hi Dave, thanks for the examples, and your continued assistance and guidance, it is appreciated. You make trading look so easy. Regards MartinIgnored
Disliked{quote} Hi Martin Just wondering if you had another look at these posts would things be any clearer? Trend (taking D view above below 8lwma, RSI and 3-7 days for turns to confirm change in trend), CT from proven turn areas in market. Quite simply above/below 8lwma on D chart after a 3-7 day candle reversal pattern has a high probability of following through. Then once trend in place looking for pullbacks and solid closes back into D trend along the lines of the charts recently posted. I haven't done daily blog updates for a while but the principles...Ignored
Disliked{quote} Hi Martin Just wondering if you had another look at these posts would things be any clearer? Trend (taking D view above below 8lwma, RSI and 3-7 days for turns to confirm change in trend), CT from proven turn areas in market. Quite simply above/below 8lwma on D chart after a 3-7 day candle reversal pattern has a high probability of following through. Then once trend in place looking for pullbacks and solid closes back into D trend along the lines of the charts recently posted. I haven't done daily blog updates for a while but the principles...Ignored
Disliked{quote} Then taking it one step further. The x's mark weak candles that cannot cause a cross of the 8lwma or RSI. Could they be the start of a CT move, sure. Just as likely they are a pause before continuation of trend. Also added support/resistance levels for proven turns in the market. Could you at times get a better entry than waiting for the 8lwma to cross, of course yes. Most often though the 3-7 days turn will play out before a trend forms. Whys that? Well the big boys can't dump all their orders onto the market at once, they wouldn't get...Ignored
DislikedHi Dave, Thanks for charts and links, I have not been able to access computer today till now. I will have a look, and if Ihave queries, I will let you know. Your rules are very clear, I think one of my problems is watching to many currencies, instead of identifying one or two, and focussing on them. Not sure if youve answered this question previously, how do you identify the best currencies to trade? Regards MartinIgnored
DislikedBought euraud 1.4888 with a bit of a base forming, Asian session low has held for the last 11 hrs or so. 1hr inside candle with an upper wick. There is a problem at 1.4930 where we fell from this morning. Will post charts as usual if trade pushes up in resumption of trend, not giving this one much room as we are in the resistance area (its a large one 1.4900-1.5030).Ignored
Disliked{quote} OK we are challenging the highs/D pivot at 1.4934 ish and time should quickly tell if we can push higher or if move is a fake out.Ignored
DislikedBought euraud 1.4888 with a bit of a base forming, Asian session low has held for the last 11 hrs or so. 1hr inside candle with an upper wick. There is a problem at 1.4930 where we fell from this morning. Will post charts as usual if trade pushes up in resumption of trend, not giving this one much room as we are in the resistance area (its a large one 1.4900-1.5030).Ignored