{quote}the hell week for the most of us.
i feel u caught the nice bottom to feel sad or make the week look like hell for us who sold the depth like the pit of hell!!!
Keep the Lights on then you can catch the rise from the dark.
- #68,022
- Aug 11, 2017 8:18am Aug 11, 2017 8:18am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #68,027
- Aug 11, 2017 8:29am Aug 11, 2017 8:29am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #68,028
- Aug 11, 2017 8:33am Aug 11, 2017 8:33am
{quote} We all know this feeling, but no pain no gain mate Success comes with risks even if it can be painful Hope you will make your loss back
thanks mate. I'm thinking of getting moderate result each month from live account and will only throw a tantrum to the demo accounts.. 
- #68,029
- Aug 11, 2017 8:50am Aug 11, 2017 8:50am
- Joined Jun 2011 | Status: Trader | 1,731 Posts
Keep the Lights on then you can catch the rise from the dark.
- #68,030
- Aug 11, 2017 8:56am Aug 11, 2017 8:56am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #68,031
- Edited 3:24pm Aug 11, 2017 3:11pm | Edited 3:24pm
- Joined Jul 2016 | Status: Trader | 1,453 Posts
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
- #68,032
- Aug 11, 2017 4:40pm Aug 11, 2017 4:40pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #68,034
- Aug 12, 2017 2:58am Aug 12, 2017 2:58am
- Joined Aug 2016 | Status: Trader | 10,397 Posts
but all I can see is hidden bearish divergence{image}
I don't know what oscillator is this , which looks so bearish .
I ask you to see Williams %R on the D and H time frame and tell me if there is a pending upmove or not.... 100 or 500 pips move .
Such opportunities appear 3-4 times per year.
Kind regards.
- #68,035
- Aug 12, 2017 5:14am Aug 12, 2017 5:14am
{quote} Mate Nagamas, I don't know what oscillator is this , which looks so bearish . I ask you to see Williams %R on the D and H time frame and tell me if there is a pending upmove or not.... 100 or 500 pips move . Such opportunities appear 3-4 times per year. Kind regards.
mate,
I use Momentum indicator with value 260. That's the number of candles for a year span in D1 timeframe. Personally it's hard to accept the default value which is 20 if I want to see multi-years trending. That'd be suitable for shorter time-span like comparing some months.
Now about this is W%R version. I also apply 260 to this indicator.
As we know that the indicator dedicated to overview the OB/OS and not so for divergences.
hereby I quote a source in how interpreting the W%R indicator.
During a strong uptrend, the stock can remain overbought for a long period of time where the Williams %R would fluctuate around -20. In contrast, during a strong downtrend, the Williams %R may move around -80 and constantly show an oversold condition
The Williams %R Indicator can be a very powerful tool if you know how to use the indicator properly. Instead of using the indicator for simply identifying overbought and oversold market conditions, you can develop a trading plan around the -50 line cross. After becoming overbought and oversold, if the Williams %R crosses the -50 line, it generally indicates a shift in momentum. At this point, you can start to look for opportunities to trade the stock in the direction the %R crossed the -50 line....
zoom in
kindly peruse the Screenshot and let me see what do you think.
- #68,036
- Edited 8:24am Aug 12, 2017 5:44am | Edited 8:24am
now let's see in shorter timeframe as of H4
I use BB with value 30 as much as candle span in amonth week.
Here we can see that the sideway for one and a half month has been broken (squeezed break) and that'd be an important sign of market intention. Considering that D1 tend to downmove, we only can tolerate the price to rally/retrace for 90 pips or so to retest the resistance where the band was broken before.
I expect a mother candle to breach the current H4 support to make sure where the market headed to.
I use BB with value 30 as much as candle span in a
Here we can see that the sideway for one and a half month has been broken (squeezed break) and that'd be an important sign of market intention. Considering that D1 tend to downmove, we only can tolerate the price to rally/retrace for 90 pips or so to retest the resistance where the band was broken before.
I expect a mother candle to breach the current H4 support to make sure where the market headed to.
- #68,037
- Aug 12, 2017 7:59am Aug 12, 2017 7:59am
- Joined Aug 2016 | Status: Trader | 10,397 Posts
Mate,
very interesting charts . I had a better look . I notice that whenever %R was in such low levels on D and H timeframes there was a goodsized rebound to follow. Even if it s only 100 pips it s a good rally. Do take advantage of it and bank the profits .
I read your posts with interest
Kind regards
very interesting charts . I had a better look . I notice that whenever %R was in such low levels on D and H timeframes there was a goodsized rebound to follow. Even if it s only 100 pips it s a good rally. Do take advantage of it and bank the profits .
I read your posts with interest
Kind regards
