Disliked{quote} Thank you for feedback, Zimbinga! Indeed I should pay more attention to ADX and in all honesty, it wasn't grade A trade, but market is so mixed right now...Ignored
- Post #21,184
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- Oct 20, 2018 7:48am Oct 20, 2018 7:48am
Also @alberti I have just scrolled back through GBP/CHF H4 for the last 12mths. If you look at where ADX contracts and fans out neatly & organised most of those gave a tradeable move. There were a few fakes, but these could be screened because the stos were bottoming or topping. Have a look yourself and see if you agree.... Its been said before but Alien's set ups work best when there is ADX just beginning to expand from after a contraction. If you don't have good ADX then price moves are likely to be weaker. Personally I think it is essential part...
Just went through the charts as you suggested and below are couple of cases when everything is so organized and gives mental satisfaction; all participants of the market cooperate as a single mind to move price in one direction.
In this example price has already been ranging in BBs, it was just a matter of patience to not enter too early and too late. At the red vertical line, Stoch 21 has bounced from level 50 and went towards Stoch 100 for a Slingshot move. Here as you said, ADX fans out perfectly. The blue vertical line would be perfect point to close the trade or at least to scale out, since Stoch 21 started to show divergence...Price kept pushing down, while stoch 21 was climbing.
And here goes another case of a perfect ADX Expansion. Stochs are showing clues as well...Stoch 21 is making Slingshot, while Stoch 8 is making half-X-Cross...DS started to make Slingshot earlier, but for safe trade I would wait for aforementioned factors...I would've gone out at the blue line, since Stoch 21 started to make divergence already, but as Alien told before, "before reversing or retracing price likes to top out twice", so market gave bulls the second chance to get out of the market.
But again, those beautiful setups are rare to happen and I sometimes I just can't hold myself from entering market.
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- Oct 20, 2018 2:32pm Oct 20, 2018 2:32pm
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- Oct 20, 2018 3:43pm Oct 20, 2018 3:43pm
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Work smarter,not harder
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- Oct 21, 2018 12:58pm Oct 21, 2018 12:58pm
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- Oct 21, 2018 1:01pm Oct 21, 2018 1:01pm
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- Oct 21, 2018 1:02pm Oct 21, 2018 1:02pm
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I just red this: http://www.learntotradethemarket.com...g-18-years-ago
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- Oct 21, 2018 1:06pm Oct 21, 2018 1:06pm
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- Oct 21, 2018 1:07pm Oct 21, 2018 1:07pm
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- Post #21,195
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- Oct 21, 2018 1:07pm Oct 21, 2018 1:07pm
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{quote} Many thanks for bringing this to our attention madboy4u3!I tried it out while scalping the DAX last night for the first time and the results were fantastic. By combining the volumes indi with masters system it gave me perfect entries to add the next position in my moves to the long side with very little retracement in price between positions. I basically just added some levels to the volumes indi and waited for the next decent green volume line to appear on the M1, then I made sure masters indis agreed with the move and opened...
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- Post #21,196
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- Oct 21, 2018 1:12pm Oct 21, 2018 1:12pm
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- Oct 21, 2018 1:15pm Oct 21, 2018 1:15pm
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- Oct 22, 2018 5:22am Oct 22, 2018 5:22am
- Joined Jul 2013 | Status: Member | 2,603 Posts
Just an overview:
"The EUR/USD pair created a bullish outside-day at the key support of 1.1432 on Friday, signaling the pullback from the Oct. 16 high of 1.1622 has likely ended. However, a double bottom bullish reversal would be confirmed only after the pair has found acceptance above 1.1622. The pair bounced from 1.1432, the second time the pair recovers from the level this October, as investors are not ready to go long full-mode in the greenback again. European equities were under pressure as tensions between the EU and Italy dominated the headlines, following comments from Italian PM Conte, who said that he sees no need to change his governments' 2019 budget. However, solid earnings among US companies partially offset the negative tone ahead of London's close. The US released Existing Home Sales for September, which fell by more-than-expected, down 3.4% from a month earlier.
The GBP/USD is trading near 1.3075 heading into London's Monday market session as investors await further details on Brexit talks between the EU and the UK, and rising concerns of a no-deal Brexit could see the Sterling take a thorough lashing in the weeks to come. Sterling pressure by lack of progress in Brexit negotiations, not all hope lost. The failed Brexit summit has put back on tap the risk of a no-deal Brexit, with the Irish border still at the eye of the storm. Over the weekend, UK's Brexit Secretary Raab spoke about the possibility of extending the transition period past December 2020, as an alternative to a backstop, angering Brexiters."
"The EUR/USD pair created a bullish outside-day at the key support of 1.1432 on Friday, signaling the pullback from the Oct. 16 high of 1.1622 has likely ended. However, a double bottom bullish reversal would be confirmed only after the pair has found acceptance above 1.1622. The pair bounced from 1.1432, the second time the pair recovers from the level this October, as investors are not ready to go long full-mode in the greenback again. European equities were under pressure as tensions between the EU and Italy dominated the headlines, following comments from Italian PM Conte, who said that he sees no need to change his governments' 2019 budget. However, solid earnings among US companies partially offset the negative tone ahead of London's close. The US released Existing Home Sales for September, which fell by more-than-expected, down 3.4% from a month earlier.
The GBP/USD is trading near 1.3075 heading into London's Monday market session as investors await further details on Brexit talks between the EU and the UK, and rising concerns of a no-deal Brexit could see the Sterling take a thorough lashing in the weeks to come. Sterling pressure by lack of progress in Brexit negotiations, not all hope lost. The failed Brexit summit has put back on tap the risk of a no-deal Brexit, with the Irish border still at the eye of the storm. Over the weekend, UK's Brexit Secretary Raab spoke about the possibility of extending the transition period past December 2020, as an alternative to a backstop, angering Brexiters."
Per aspera ad astra
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- Oct 22, 2018 12:15pm Oct 22, 2018 12:15pm
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