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DrDave Aug 17, 2019 12:02pm | Post# 221

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{quote} U Did IT What you described for the EURUSD yesterday happened - not suprisingly - also on EURNZD and would have offered a maybe even easier (for people like me - if they paid any attention at all) trade. Under the "new rules" one might have waited for HMA24 to turn colour to blue before entering. {image}
I looked at the EURNZD now.

On M1. the blue line marks where the HMA24 changes color, so it will be seen at the open of the next bar. There is already 1 up candle closed above HMA.

Yellow marks on M5 where the buy would be on the open of that bar, because an up bar closed above HMA after the pullback. Note on H1 this is stoch8 crossing 50. So if I were watching M1 for a possible earlier entry thatn on M5, it would be at the earliest shortly after the bar with the blue line closed and at the latest, the open of the bar with the yellow line, same as using M5.

Also note that if I would have come to the party a little late, I would use that pullback before the green vertical on M1 to find a continuation entry. When the big up bar before the green vertical closed, that would signal to buy ASAP. You can see that pullback on M1 was hardly even felt on M5, but it certainly gave a worthwhile entry.
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An-n-n-n-d-d-d-d.... for an interesting exercise, put a vertical where I put the blue vertical. Switch to h1. See a nice solid up leg? Switch to M15. See a nice up leg followed by a pullback then followed by a (not so nice) continuation? Put a vertical at the start of the pullback and the end of the pullback. Does this setup look at least vaguely familiar???

Switch to H1. Look where the two verticals are that marked the pullback.

And as another interesting observation, on M15, does it look like the continuation leg maybe is ending, because 2 down bars are closed? If it is actually ending, does the continuation leg tell you anything about this up move?

(The markets are speaking to you. Do you know their language?)

josi Aug 17, 2019 12:48pm | Post# 222

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{quote} I looked at the EURNZD now. On M1. the blue line marks where the HMA24 changes color, so it will be seen at the open of the next bar. There is already 1 up candle closed above HMA. Yellow marks on M5 where the buy would be on the open of that bar, because an up bar closed above HMA after the pullback. Note on H1 this is stoch8 crossing 50. So if I were watching M1 for a possible earlier entry thatn on M5, it would be at the earliest shortly after the bar with the blue line closed and at the latest, the open of the bar with the yellow line,...
I seem to have a totally different chart.
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DrDave Aug 17, 2019 1:31pm | Post# 223

{quote} I seem to have a totally different chart. {image}
Interesting that our M5 charts match up quite well, but the M1s are quite a bit different. When using different broker data, not usual to see such differences in plots on one timeframe but not on another timeframe.

josi Aug 18, 2019 3:00am | Post# 224

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1-2-3
What about length of move (leg).
Probably you'll say
a) LOL
b) wrong TF
c) you don't get it
but doesn't the last leg down show more momentum than this leg up? And isn't that relevant? (I chose M15 only because it shows visually what I tried to understand)
And isn't it relevant that no new higher high formed (in leg up, move 3)?
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zoraxfx Aug 18, 2019 5:39am | Post# 225

Since a few days this thread is a discussion between DrDave and Josi without any relation with the initial topic (MACD).
Please guys make a new thread.

josi Aug 18, 2019 5:42am | Post# 226

Since a few days this thread is a discussion between DrDave and Josi without any relation with the initial topic (MACD). Please guys make a new thread.
sorry, won't do it again

DrDave Aug 18, 2019 5:43am | Post# 227

Since a few days this thread is a discussion between DrDave and Josi without any relation with the initial topic (MACD). Please guys make a new thread.
We give you guys free info on making pips while waiting for YOU to add something about the main topic.

TOTOx4 Aug 20, 2019 12:37pm | Post# 228

{quote} There are only 4 indicators. Do you really think you need to receive a template?
the reason that i asked for the template is to see your stoch set up.
I hope that you can clarify: 1) What Moving Average is employed in this STOCH? (EMA, SMA etc.)plus you set tu high,low or close /close?
thanks


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