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  • #41
  • Jun 22, 2017 11:13pm Jun 22, 2017 11:13pm
Quoting yousername
GBPUSD D1 Looks for long when the market able to move above wave E or into wave B Currently it's in the correction phase of the bullish impulse move (colored in bright green square/rectangle/frame) The Supertrend is bullish. {image}
Template included
Attached File(s)
File Type: tpl GBPUSD study.tpl   770 KB | 242 downloads
This is not investment/trading advise. Will not hold accountable for loss
  • #42
  • Jun 23, 2017 9:23am Jun 23, 2017 9:23am
Quoting yousername
This thread is a reboot of zig zag charm thread. This thread will show examples in a systematic way on how to use this indi including the setting that I use. The new version _6 fixed issue with the Double_EMA_xover. It did not show the zig-zag in the previous version. The new version _7 fixed issue with the tempo. The value got switched when using custom tempo with 3 parameters i.e. 5,3,3 becomes 3,5,3 by mistake {file} {file} {file}
latest fix in the build _7.
Had issue with the custom tempo.
Now you will have a correct custom tempo when using i.e. stochastic 5,3,3 instead 3,5,3 (wrong).
New indi can be downloaded from the 1st page.

Template is provided using 2 zigcharms MACD with medium tempo and stochastic custom tempo 5,3,3
Attached File(s)
File Type: tpl active_sr.tpl   1.6 MB | 259 downloads
This is not investment/trading advise. Will not hold accountable for loss
  • #43
  • Jun 23, 2017 12:43pm Jun 23, 2017 12:43pm
Quoting yousername
{quote} AUDUSD H4 Bearish move is having doubt about themselves. You can tell by the candle size and its look with long wicks Looks like we have a good S/R at Fib Retracement .382 We may have a bull resume its push up when we have the bearish supertrend got broke (colored in purple and highlighted with red rectangle) Basically market is looking for buyer to continue its momentum to the upside. {image}
Hi
I will try to give my own approach, making an analysis using the volume the divergences and the Elliott Waves.

Following the volume and color changes we have a five waves motion. These waves are confirmed by the divergences I have made on the map, as follows.
(This information is not mentioned in any book but in knowledge gained by measuring the waves for ...many years.)

The first HIDDEN DIV. functioned correctly by creating the third wave.
The second HIDDEN DIV. however, differs from the first one. The reason is the DIV. that has already been created. This DIV. usually creates a weakness (whipsaw) of HIDDEN DIV. for a strong upward movement.
That's exactly what happened in the 5th wave. Price weakness and volume weakness.

The problem after the fifth wave is that the volume of the first wave is strong. The last one to be created is weak for a moment and this may mean another downward wave.
That's for now.

Have a good weekend.-
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 44 KB
  • #44
  • Jun 23, 2017 9:18pm Jun 23, 2017 9:18pm
Quoting grandfather.
{quote} Hi I will try to give my own approach, making an analysis using the volume the divergences and the Elliott Waves. Following the volume and color changes we have a five waves motion. These waves are confirmed by the divergences I have made on the map, as follows. (This information is not mentioned in any book but in knowledge gained by measuring the waves for ...many years.) The first HIDDEN DIV. functioned correctly by creating the third wave. The second HIDDEN DIV. however, differs from the first one. The reason is the DIV. that has already...
Hi Grand pa,

Thank you for sharing your insight.
So you're anticipating a strong USD.
Attached Image (click to enlarge)
Click to Enlarge Name: 36.png Size: 22 KB


From the screenshot above that thing I circled is an oversold area. Why it's oversold? Because the frame size and FibEx are small compare to the previous frame BUT the sell volume is high. Usually when we have a a small frame size + oversold/overbought tends to follow with an explosion to the upside/downside and it became a good S/R. In this case it means that there are buyers there supporting AUD. I expect it to break the 2 supertrends (one belongs to Stochastic custom tempo 5,3,3 and the other belongs to MACD Medium tempo) in order to continue the upward momentum. If it goes lower than the oversold frame that I circled, then that oversold frame became a resistance instead a support.

Template is provided inside the zip file

Have a great weekend
Attached File(s)
File Type: ex4 zigCharm3xdvl_7.ex4   76 KB | 246 downloads
File Type: zip AUDUSD study.zip   141 KB | 261 downloads
This is not investment/trading advise. Will not hold accountable for loss
  • #45
  • Jun 23, 2017 11:45pm Jun 23, 2017 11:45pm
Quoting yousername
{quote} Hi Grand pa, Thank you for sharing your insight. So you're anticipating a strong USD. {image} From the screenshot above that thing I circled is an oversold area. Why it's oversold? Because the frame size and FibEx are small compare to the previous frame BUT the sell volume is high. Usually when we have a a small frame size + oversold/overbought tends to follow with an explosion to the upside/downside and it became a good S/R. In this case it means that there are buyers there supporting AUD. I expect it to break the 2 supertrends (one belongs...
Recent overbought frame in the AUDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: 37.png Size: 29 KB


Basically
In the bullish trending market when we have oversold, we have a hidden bullish divergence (bullish convergence).
In the bearish trending market, when we have overbought, we have a hidden bearish divergence (bearish convergence).

I will show additional study regarding overbought and oversold beyond hidden divergence.
This is not investment/trading advise. Will not hold accountable for loss
  • #46
  • Jun 25, 2017 10:17am Jun 25, 2017 10:17am
Quoting yousername
{quote} Recent overbought frame in the AUDUSD {image} Basically In the bullish trending market when we have oversold, we have a hidden bullish divergence (bullish convergence). In the bearish trending market, when we have overbought, we have a hidden bearish divergence (bearish convergence). I will show additional study regarding overbought and oversold beyond hidden divergence.
Very interesting info.-
  • #47
  • Jun 25, 2017 7:08pm Jun 25, 2017 7:08pm
Quoting grandfather.
{quote} Very interesting info.-
As alternative, I'm anticipating Head and Shoulder pattern

If the price able to broke the neckline and the bullish supertrend (inline with the neckline) then it's a confirmation of a Head and Shoulder pattern.

Attached Image (click to enlarge)
Click to Enlarge Name: 38.png Size: 28 KB


Quoting yousername
{quote} As alternative, I'm anticipating Head and Shoulder pattern If the price able to broke the neckline and the bullish supertrend (inline with the neckline) then it's a confirmation of a Head and Shoulder pattern. {image} {file}
If price manages to break above the Head, then the Head and Shoulder pattern is void therefore presume long
Attached File(s)
File Type: zip AUDUSD study.zip   142 KB | 266 downloads
File Type: ex4 zigCharm3xdvl_7.ex4   76 KB | 275 downloads
This is not investment/trading advise. Will not hold accountable for loss
  • #48
  • Jun 26, 2017 9:24am Jun 26, 2017 9:24am
Enter long EURCHF.-
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHFH1.png Size: 39 KB
  • #49
  • Jun 26, 2017 10:47am Jun 26, 2017 10:47am
Quoting grandfather.
Enter long EURCHF.- {image}
Hey man that's awesome!
Are you gonna hold the position?
This is not investment/trading advise. Will not hold accountable for loss
  • #50
  • Edited 11:29am Jun 26, 2017 11:14am | Edited 11:29am
Quoting yousername
{quote} As alternative, I'm anticipating Head and Shoulder pattern If the price able to broke the neckline and the bullish supertrend (inline with the neckline) then it's a confirmation of a Head and Shoulder pattern. {image} {quote} If price manages to break above the Head, then the Head and Shoulder pattern is void therefore presume long {file} {file}
SL +5P

Attached Image (click to enlarge)
Click to Enlarge Name: 39.png Size: 25 KB
This is not investment/trading advise. Will not hold accountable for loss
  • #51
  • Jun 26, 2017 11:24am Jun 26, 2017 11:24am
Have not opened any position on the EURUSD pair because it's been a mixbag.
We've been moving sideway for 24 days or a month or so.
Need more info on both end for clarity
My bias is bullish for this pair.
Waiting on the sideline like a hawk/shark watching its prey
Attached Image (click to enlarge)
Click to Enlarge Name: 40.png Size: 22 KB
This is not investment/trading advise. Will not hold accountable for loss
  • #52
  • Jun 26, 2017 12:19pm Jun 26, 2017 12:19pm
Quoting yousername
{quote} Hey man that's awesome! Are you gonna hold the position?
Yes.
I moved the stoploss.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHFH1.png 1.png Size: 40 KB
  • #53
  • Jun 28, 2017 9:04am Jun 28, 2017 9:04am
Quoting yousername
{quote} SL +5P {image}
After 50 pips of profit this week from AUDUSD pair, looking for another long on this pair.
Stoploss set with +1 pip profit
Attached Image (click to enlarge)
Click to Enlarge Name: 41.png Size: 49 KB
This is not investment/trading advise. Will not hold accountable for loss
  • #54
  • Jul 2, 2017 10:00am Jul 2, 2017 10:00am
Enter due to divergence.
We'll see.-
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH4.png Size: 44 KB
  • #55
  • Jul 3, 2017 3:31am Jul 3, 2017 3:31am
This is my first time using the Trade Explorer feature. I have attached my TE into this thread and see if it will work ok. I'm noob
This is not investment/trading advise. Will not hold accountable for loss
  • #56
  • Jul 3, 2017 3:34am Jul 3, 2017 3:34am
Quoting grandfather.
Enter due to divergence. We'll see.- {image}
COOL!!! Great job mate.
This is not investment/trading advise. Will not hold accountable for loss
  • #57
  • Jul 3, 2017 3:36am Jul 3, 2017 3:36am
Right now i'm working on converting this indi to MT5 (MQL5).
This is not investment/trading advise. Will not hold accountable for loss
  • #58
  • Jul 3, 2017 11:31am Jul 3, 2017 11:31am
Quoting yousername
{quote} COOL!!! Great job mate.
Thank you my friend, but the "Great job" belongs to you.-
  • #59
  • Jul 4, 2017 8:37am Jul 4, 2017 8:37am
Quoting grandfather.
Enter due to divergence. We'll see.- {image}
update
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH4.png1.png Size: 42 KB
  • #60
  • Jul 4, 2017 8:39am Jul 4, 2017 8:39am
Quoting yousername
This is my first time using the Trade Explorer feature. I have attached my TE into this thread and see if it will work ok. I'm noob
Testing my grid trading manual EA on the TE.
Expert will be shared as soon as possible.
This is not investment/trading advise. Will not hold accountable for loss
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