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Daily Chart 3-Candle

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  • Post #681
  • Quote
  • Oct 15, 2018 5:27pm Oct 15, 2018 5:27pm
  •  wealthpro
  • Joined Mar 2014 | Status: Member | 677 Posts
Quoting simoneg
Disliked
{quote} You're welcome wealthpro! The buy setup for me is at 1221.98. Unable to post charts at the moment.
Ignored
thank you
 
 
  • Post #682
  • Quote
  • Oct 15, 2018 6:10pm Oct 15, 2018 6:10pm
  •  simoneg
  • Joined Jan 2008 | Status: Focussed | 2,382 Posts
Beautiful long trade on NU...took on my cTrader platform...moving over to MT4
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Hero Traders Live to see their Accounts Die!
 
1
  • Post #683
  • Quote
  • Oct 15, 2018 7:41pm Oct 15, 2018 7:41pm
  •  NewTrader88
  • | Joined Oct 2018 | Status: Member | 10 Posts
Hi Simoneg

For the GBPUSD daily chart, both are valid long and short set up?

Thanks in advance. Appreciate it.
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  • Post #684
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  • Oct 15, 2018 8:07pm Oct 15, 2018 8:07pm
  •  Inthebox
  • Joined Jun 2010 | Status: Member | 8,112 Posts
Quoting NewTrader88
Disliked
Hi Simoneg For the GBPUSD daily chart, both are valid long and short set up? Thanks in advance. Appreciate it. {image}
Ignored
yep.
top is a valid reversal swing high sell.
bottom is a valid continuation swing low buy.
ITB - Seeking Orderliness amongst 'Randomness'
 
1
  • Post #685
  • Quote
  • Oct 15, 2018 8:13pm Oct 15, 2018 8:13pm
  •  NewTrader88
  • | Joined Oct 2018 | Status: Member | 10 Posts
Quoting Inthebox
Disliked
{quote} yep. top is a valid reversal swing high sell (which already provided some profit) bottom is a valid continuation swing low buy.
Ignored
Thank u Inthebox, under what situation we cancel the set ups? I read some of the threads some traders said they missed the set up.
 
 
  • Post #686
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  • Oct 15, 2018 8:17pm Oct 15, 2018 8:17pm
  •  Inthebox
  • Joined Jun 2010 | Status: Member | 8,112 Posts
buy
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ITB - Seeking Orderliness amongst 'Randomness'
 
1
  • Post #687
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  • Oct 15, 2018 8:26pm Oct 15, 2018 8:26pm
  •  Inthebox
  • Joined Jun 2010 | Status: Member | 8,112 Posts
Quoting NewTrader88
Disliked
{quote} Thank u Inthebox, under what situation we cancel the set ups? I read some of the threads some traders said they missed the set up.
Ignored
does not matter whether price moves up or down the setup, it is still valid and not cancelled because going forward price might revisit the setup line again.
the set up is only temporary ignored when price closes below a buy set up or above a sell setup.
later if price closes above the same buy set up, it is still valid.
ITB - Seeking Orderliness amongst 'Randomness'
 
2
  • Post #688
  • Quote
  • Oct 15, 2018 8:45pm Oct 15, 2018 8:45pm
  •  NewTrader88
  • | Joined Oct 2018 | Status: Member | 10 Posts
thank u so much Inthebox.
 
1
  • Post #689
  • Quote
  • Oct 16, 2018 3:28am Oct 16, 2018 3:28am
  •  SwingMan
  • Joined Aug 2007 | Status: Member | 2,487 Posts
New Version "sm3Candle BestLevelsMTF_v2.2"

Only a small correction:

- the parameter "maxBar" was not taken into account.
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File Type: ex4 sm3Candle BestLevelsMTF_v2.2.ex4   36 KB | 340 downloads
 
4
  • Post #690
  • Quote
  • Oct 16, 2018 4:04am Oct 16, 2018 4:04am
  •  simoneg
  • Joined Jan 2008 | Status: Focussed | 2,382 Posts
Hi SwingMan,

I'm not sure why, but this weekly best buy level was missed on EU (week of Sept 9th). This would be very important information for the LONG decision this week. Last Week's Weekly bar close also gave enough information to go long at this level, so that "old" level would be very relevant to the current trading range and week.
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1
  • Post #691
  • Quote
  • Oct 16, 2018 4:32am Oct 16, 2018 4:32am
  •  SwingMan
  • Joined Aug 2007 | Status: Member | 2,487 Posts
Quoting simoneg
Disliked
Hi SwingMan, I'm not sure why, but this weekly best buy level was missed on EU (week of Sept 9th). This would be very important information for the LONG decision this week. Last Week's Weekly bar close also gave enough information to go long at this level, so that "old" level would be very relevant to the current trading range and week. {image}
Ignored
I'm trying to program the history.

Bet BUY Level is available in your Chart. Check the values.
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1
  • Post #692
  • Quote
  • Oct 16, 2018 4:42am Oct 16, 2018 4:42am
  •  simoneg
  • Joined Jan 2008 | Status: Focussed | 2,382 Posts
Quoting SwingMan
Disliked
{quote} I'm trying to program the history. Bet BUY Level is available in your Chart. Check the values. {image}
Ignored
I see the level for the current swing, but look at the Swing high next to the current. That's the one I'm referring to which would be history. I guess you're saying that you're still working on that?
Hero Traders Live to see their Accounts Die!
 
 
  • Post #693
  • Quote
  • Oct 16, 2018 6:48am Oct 16, 2018 6:48am
  •  SwingMan
  • Joined Aug 2007 | Status: Member | 2,487 Posts
Quoting simoneg
Disliked
Hi SwingMan, I'm not sure why, but this weekly best buy level was missed on EU (week of Sept 9th). This would be very important information for the LONG decision this week. Last Week's Weekly bar close also gave enough information to go long at this level, so that "old" level would be very relevant to the current trading range and week.
Ignored
Here is a first version with "historical" levels, and I think that for W1 the BUY level is displayed correctly (please test).

Currently only works for the current time frame.

For easier testing, set the parameter "Draw_UpperTF_BestLevels" to true or false.
Attached Image (click to enlarge)
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Name: EURUSDWeekly-History.png
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File Type: ex4 sm3Candle BestLevelsHist_v1.ex4   38 KB | 220 downloads
 
1
  • Post #694
  • Quote
  • Oct 16, 2018 6:55am Oct 16, 2018 6:55am
  •  simoneg
  • Joined Jan 2008 | Status: Focussed | 2,382 Posts
Quoting SwingMan
Disliked
{quote} Here is a first version with "historical" levels, and I think that for W1 the BUY level is displayed correctly (please test). Currently only works for the current time frame. For easier testing, set the parameter "Draw_UpperTF_BestLevels" to true or false. {image} {file}
Ignored

Thank you SwingMan. Will do. I think you misunderstood my post. I was not saying that your W1 level was incorrect. I was just say that the level you now have marked in the new update was missing.

I thought your last version had addressed this issue.

Thanks.
Hero Traders Live to see their Accounts Die!
 
 
  • Post #695
  • Quote
  • Oct 16, 2018 7:58am Oct 16, 2018 7:58am
  •  SwingMan
  • Joined Aug 2007 | Status: Member | 2,487 Posts
Quoting simoneg
Disliked
... I think you misunderstood my post. I was not saying that your W1 level was incorrect. I was just say that the level you now have marked in the new update was missing. I thought your last version had addressed this issue. Thanks.
Ignored
If I do not understand what you mean, that's no problem for me.
My wife has been saying for years that I can not understand the women ...

What on can do is e.g.
- to show only the last, or only the penultimate levels.
- or, if the last levels are displayed in the same way as in my chart, on should also draw the penultimate lines with lines to the right
- or on can draw the historical levels as a stair line
 
 
  • Post #696
  • Quote
  • Oct 16, 2018 8:08am Oct 16, 2018 8:08am
  •  simoneg
  • Joined Jan 2008 | Status: Focussed | 2,382 Posts
Quoting SwingMan
Disliked
{quote} If I do not understand what you mean, that's no problem for me. My wife has been saying for years that I can not understand the women ... What on can do is e.g. - to show only the last, or only the penultimate levels. - or, if the last levels are displayed in the same way as in my chart, on should also draw the penultimate lines with lines to the right - or on can draw the historical levels as a stair line
Ignored

The Last Option sounds more feasible SwingMan "draw the historical levels as a stair line"

OR

Consider making them W1 BEST BUY, W2 BEST BUY, W3 BEST BUY etc. If that can work. The principle is that:
the strongest buy level for the next few hours is the H1x BEST BUY that price is now at
the strongest buy level for the current session is the H4x BEST BUY
for the today Dx, for this Week Wx
Hero Traders Live to see their Accounts Die!
 
 
  • Post #697
  • Quote
  • Oct 16, 2018 8:56am Oct 16, 2018 8:56am
  •  SwingMan
  • Joined Aug 2007 | Status: Member | 2,487 Posts
Quoting simoneg
Disliked
...The Last Option sounds more feasible SwingMan "draw the historical levels as a stair line" OR Consider making them W1 BEST BUY, W2 BEST BUY, W3 BEST BUY etc. If that can work. The principle is that: the strongest buy level for the next few hours is the H1x BEST BUY that price is now at the strongest buy level for the current session is the H4x BEST BUY for the today Dx, for this Week Wx
Ignored
Stair line
Is feasible, but did not like you ...

H1x, H4x, D1x, W1x
To see better the levels, I think on have to draw the lines to the right edge. But on should not write any additional texts because on can not distinguish them!

I see that you need an additional upper level:
Example: (for H1) H4, D1, W1
 
 
  • Post #698
  • Quote
  • Oct 16, 2018 9:12am Oct 16, 2018 9:12am
  •  simoneg
  • Joined Jan 2008 | Status: Focussed | 2,382 Posts
Quoting SwingMan
Disliked
{quote} Stair line Is feasible, but did not like you ... H1x, H4x, D1x, W1x To see better the levels, I think on have to draw the lines to the right edge. But on should not write any additional texts because on can not distinguish them! I see that you need an additional upper level: Example: (for H1) H4, D1, W1
Ignored
Ok SwingMan...however you see it best to represent the levels.
Hero Traders Live to see their Accounts Die!
 
 
  • Post #699
  • Quote
  • Oct 16, 2018 12:44pm Oct 16, 2018 12:44pm
  •  simoneg
  • Joined Jan 2008 | Status: Focussed | 2,382 Posts
Bearish 123 forming on GJ H4 at Old weekly best buy and best sell Levels.
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2
  • Post #700
  • Quote
  • Oct 16, 2018 12:46pm Oct 16, 2018 12:46pm
  •  simoneg
  • Joined Jan 2008 | Status: Focussed | 2,382 Posts
Short GU H1 Bearish 123 which developed at Weekly Best Sell
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2
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