However, I'd be looking at the 7/8 and possibly 8/8 MML as potential targets IF I was going long on this pair now based on PA.
Masterrmind.............
Master your Mind then Master your Trades
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Dislikedhi guys i just take sell @ 1.30390 at 0.01 lot. did i take right decision? please tell me. thanks. great thread going.. {image}Ignored
DislikedMasterrmind, we both know were the 2up 2down (Quad Method) came from and I am more than aware of your ethos about indicators, but I would like to post an article and example screen shot for your perusal about how 2 well respected guys read a certain indicator which is a little different than the normal school of thought, to me it teaches patience and commonsense and fits in nicely with what we are doing, no offence will be taken if you refuse as I know it could open the floodgates to others but to me it as been of great benefitIgnored
Disliked{quote} Post it and lets take a closer look? Certainly hope its not a lagging type of banned indicator. Masterrmind.........Ignored
Disliked{quote} Not sure if I deleted my post before you had chance to look ?Ignored
DislikedPlease view this idea with an open mind, I have set it up as 1 with 100 and 2 with 200 think it teaches patience ? http://www.investopedia.com/articles/forex/08/cci.asp Example chart I will delete this post after 30 mins {image}Ignored
Disliked{quote} Being an engineer I'm very familar with the CCI. Of all the lagging indicators you could have posted you actually picked the best of a bad bunch. The CCI as a matter of fact would be the only exception to the rules in Post 1. However, since this thread is about D1 longer term trades would you be prepared to show how the use of the CCI would benefit the entries into these longer term trades? If it brings cleaner entries in general and provides an edge then all well and good. Masterrmind............Ignored
DislikedAUDJPY [MML] {image} GBPAUD [QUAD Long (outer formation) + MML] {image} Very interesting setup for a possible long. Perhaps a trade only for the brave. Masterrmind...........Ignored
DislikedOn the chart you have just posted I would BUY above the bar you highlighted ? now deleted, but not going to pursue this until you have given me your thoughts, would not like to up set anyone with additional indicators ? {image}Ignored
Disliked{quote} Best to explain from one of your examples OAPDave since I've deleted my post because I thought it only fair to give you time to post your thinking before I do. Is it possible to post some dot points on how an entry would come about and when to close out half of or all of the trade? Also how does this all match up with MML? I'll leave this with you for awhile and revisit it tomorrow as I'm off to rest now. Take care, Masterrmind...........Ignored
Disliked{quote} http://www.investopedia.com/articles/forex/08/cci.asp Masterrmind I know you fully understand CCI but this is how I see the article, I have highlighted bars that reach +/- 200 on the CCI scale so I would call them my signal bars as they are showing that a trend is showing strong momentum, the old school of thought is that it shows OB or OS but now I look to jump on the trend when the high of the +200 bar as broken or the low of the -200 is broken, I am showing 2 example charts, I have taken Murrey off just so its a clearer chart,...Ignored
Disliked{quote} http://www.investopedia.com/articles/forex/08/cci.asp Masterrmind I know you fully understand CCI but this is how I see the article, I have highlighted bars that reach +/- 200 on the CCI scale so I would call them my signal bars as they are showing that a trend is showing strong momentum, the old school of thought is that it shows OB or OS but now I look to jump on the trend when the high of the +200 bar as broken or the low of the -200 is broken, I am showing 2 example charts, I have taken Murrey off just so its a clearer chart,...Ignored