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peterdxb Dec 13, 2006 7:05am | Post# 61

are you still holding it or closed?

i got in late @ 9715

hakeem Dec 13, 2006 7:24am | Post# 62

Well Peter,


I c a bearish divergence however we should wait for the news with a tight SL.

lacika Dec 13, 2006 8:42am | Post# 63

Here you have it:
THX, Traga! NL

hakeem Dec 13, 2006 9:30am | Post# 64

The pair still in an uptren configurations unless the 560 is taken down.

howard Dec 13, 2006 11:08am | Post# 65

The pair still in an uptren configurations unless the 560 is taken down.
Hello Hakeem

What level is 1.9560 which changes the trend?

howard

hakeem Dec 13, 2006 11:21am | Post# 66

Hi howard,


This the 38.2% of the 465 till the 726, it should hold if the trend wants to continue up to test 848, or it will go down to the 300 level if the 650 then the 465 taken down.

Cheers

coolster Dec 13, 2006 12:35pm | Post# 67

long
 
thankz for the info
really appreciate it.

anyway...how to know that at a time we must buy?

from previous post i just found out how to sell...

sorry for a newbie question..

howard Dec 13, 2006 12:39pm | Post# 68

Hi howard,


This the 38.2% of the 465 till the 726, it should hold if the trend wants to continue up to test 848, or it will go down to the 300 level if the 650 then the 465 taken down.

Cheers
Thanks hakeem

You mean 61.8% retracement?

howard

hakeem Dec 13, 2006 7:39pm | Post# 69

2 Attachment(s)
Coolster,

Just do the vice versa.

Howard,

I didn't mean the 61.8%,
It could be that if we planning for a downtrend wave however, I was talking abt an uptrend wave.

I attached an image explaining my point of view.

Take it eazy
fibo uptrend.zip
fibo downtrend.zip

kristjantelve Dec 19, 2006 4:40am | Post# 70

Good one
 
Thank You Hakeem very much for sharing your great trading method. So far it has impressed me a lot and gained many pips.

Sontoloyo Dec 21, 2006 4:51am | Post# 71

hakeem help
 
Hi hakeem,
r u online?

i 've read ur post and it's very intereting for 4 days. yesterday no signal. today there is. but I found my sl hit. today there was signal down, 30m MACD confirm, RSI <50 EMA5 cross down and i short but then it reverse.

What will you do then? short again after news or stand aside for whole day


thanks

hakeem Dec 21, 2006 5:39am | Post# 72

1 Attachment(s)
Sontoloyo,<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

<o></o>

For today's, the RSI was walking on the 50 while the MACD was climbing up and the CMF in the buy zone on the last 2hrs of Asian session, the trend wasn’t clear.<o></o>

<o> </o>

The price bounced from the 61.8% of 432 to 747 going up.<o></o>

The price found R at the 38.2% of 618 to 747.<o></o>

<o> </o>
<o>Now RSI going below 50 and MACD is crossing going below 0.</o>
The pair seems to be going south to the 540 area.<o></o>

<o> </o>

K <o></o>
GBP30.zip

nyctrader Jan 5, 2007 3:57pm | Post# 73

Excellent strategy, hakeem. Just what I was looking for. Thanks for posting it.

egold2u Jan 6, 2007 10:55am | Post# 74

look great..i'm also use this strateegy..sometimes...

djudah Jan 9, 2007 10:13am | Post# 75

Charts
 
Would it be possible for somebody who follows this strategy to post a couple chart setups that they have seen/used lately? Thanks.

djudah Jan 17, 2007 4:09pm | Post# 76

Umm...
 
Is anybody still following this method?

anthonybaker Mar 2, 2007 7:45am | Post# 77

I too would certainly like to see some charts also

hornet Mar 13, 2007 12:19pm | Post# 78

i noticed that if all three idicators agree then the market would go in the direction indicated. am i wrong in saying that this could be good for scalping, independetly of the first wave?

Hutch Mar 1, 2019 7:11am | Post# 79

Hi gents, MACD should be 8,18,9, weighted and leave the other default settings, I was long at .9705. CMF, basicaly if you see the price above 0 then you r in a buy zone and vice versa.
I tried the CMF by itself but it did not work well. On the other hand it's a good confirmation indicator since it prevents traders from taking bad trades.


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