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  • #94,581
  • Mar 11, 2019 1:51am Mar 11, 2019 1:51am
DE30 Mar 11 before Frankfurt Open

TIMING risky before FO and LO.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,582
  • Mar 11, 2019 2:37am Mar 11, 2019 2:37am
EURAUD Mar 11 H1 Frankfurt Open

very narrow range trading during the Asian session. Now is to look for possible breakout of that narrow range. Those two trend-lines in play later.

Preference is pick a price action breakout to the upside using with the TDI Green above Red above the Yellow and 50-Level.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,583
  • Mar 11, 2019 3:53am Mar 11, 2019 3:53am
Quoting emmanuel7788
Those two trend-lines in play later.
They're not trend lines. That's a wedge formation that is neither rising nor falling, so it could breakout either way.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #94,584
  • Mar 11, 2019 3:59am Mar 11, 2019 3:59am
Quoting realjumper
{quote} They're not trend lines. That's a wedge formation that is neither rising nor falling, so it could breakout either way.

in the use of MT4 drawing tool, those are known a trendline

and you are right, that is a chart pattern what is commonly known as wedge pattern

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,585
  • Mar 11, 2019 4:04am Mar 11, 2019 4:04am
Quoting emmanuel7788
{quote} in the use of MT4 drawing tool, those are known a trendline and you are right, that is a chart pattern what is commonly known as wedge pattern {image}

I don't care what MT4 says, they're not trend lines, and it's misleading to call them that.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #94,586
  • Mar 11, 2019 4:08am Mar 11, 2019 4:08am
Quoting realjumper
{quote} I don't care what MT4 says, they're not trend lines, and it's misleading to call them that.

to me they are still MT4 tool trendlines ... marking the highs on upper side and the and lows of on the lower side.

so long traders knows what they are looking at and know what they are trading with those lines.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,587
  • Mar 11, 2019 4:11am Mar 11, 2019 4:11am
Good day, I find this configuration interesting. It is also on the EMA of 10 and on the daily pivot.


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  • #94,588
  • Mar 11, 2019 4:15am Mar 11, 2019 4:15am
Quoting emmanuel7788
DE30 Mar 11 before Frankfurt Open TIMING risky before FO and LO. {image}

DE30 Mar 11 London Open,

usually very risky to trade this pair around the FO and LO.
Now we see the FO candle provided a good sell setup with Stochastics divergence. LO closed very bearish H1 but the H4 still made a HH and HL.

The last H4 closed would have invalidated that previous H4 buy setup.

Now we wait again when we follow the Weekly Price Action which is still above its 5EMA.
We shall see the rest of this week how it will close.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,589
  • Edited 4:38am Mar 11, 2019 4:20am | Edited 4:38am
Quoting emmanuel7788
{quote} to me they are still MT4 tool trendlines ... marking the highs on upper side and the and lows of on the lower side. so long traders knows what they are looking at and know what they are trading with those lines.

I don't care what they are to you. To you they can be anything you want to call them. But in the world of technical analysis and trading, they are not called trendlines.

OBVIOUSLY MT4 doesn't know what you're going to draw with them so for the program makers they used the term that is what most people will probably draw with them most of the time. That doesn't change the fact that what you have drawn is not trend lines, but instead, you have drawn a wedge.

People cannot know what they're looking at if you use the incorrect terminology. People will not able to research and learn about such things as wedges and pennants etc and how to interpret them if you refer to them as trend line!!

I realise that being wrong is something that you consider cannot happen to you....but you are wrong. Suck it up!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #94,590
  • Mar 11, 2019 4:30am Mar 11, 2019 4:30am
Quoting realjumper
{quote} I don't care what they are to you. To you they can be anything you want to call them. But in the world of technical analysis and trading, they are not called trendlines. OBVIOUSLY MT4 doesn't know what you're going to draw with them so for the program makers they used the term that is what most people will probably draw with them most of the time. That doesn't change the fact that what you have drawn is not trend lines, but instead, you have drawn a wedge. People cannot know what they're looking at if you use the incorrect terminology. People...

they are still MT4 tool trendline ... that's what they are known on the platform. I just use them and to show the narrowing range.

how we use those MT4 tools is another subject matter.

I am sure people can see those two lines and do their own analysis and trade decisions.
Attached Image (click to enlarge)
Click to Enlarge Name: MT4 Tool Trendline.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,591
  • Mar 11, 2019 4:37am Mar 11, 2019 4:37am
Quoting emmanuel7788
{quote} they are still MT4 tool trendline ... that's what they are known on the platform. I just use them and to show the narrowing range. how we use those MT4 tools is another subject matter. I am sure people can see those two lines and do their own analysis and trade decisions. {image}

Look, don't be stupid. ...... MT4 cannot have an entry under it's Tools for wedges, Pennants, flags, rectangles etc etc. They have named the Tool as a Trendline Tool. That doesn't mean that everything that is drawn with the tool is a Trend line. Stop being an idiot!

People especially newbies, (who are the most numerous in this thread) CANNOT research these formations and how to deal them if you do not name them as per the conventions of ALL OTHER TRADERS AROUND THE WORLD.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #94,592
  • Mar 11, 2019 4:45am Mar 11, 2019 4:45am
Quoting realjumper
{quote} Look, don't be stupid. ...... MT4 cannot have an entry under it's Tools for wedges, Pennants, flags, rectangles etc etc. They have named the Tool as a Trendline Tool. That doesn't mean that everything that is drawn with the tool is a Trend line. Stop being an idiot! People especially newbies, (who are the most numerous in this thread) CANNOT research these formations and how to deal them if you do not name them as per the conventions of ALL OTHER TRADERS AROUND THE WORLD.

Now you are being a stupid idiot one here. It is just the platform tool.

I already explained that I use the MT4 tool trendline to draw those lines and to show the narrowing range. That's it. I did not say anything about Trend in my post.

Even if the platform has any drawing tool for those you mentioned like wedges, pennants, flags, rectangles, etc. these will become nonsense because some people will say Big E never used them. He simply said look for consolidation in Post#647 and do not trade when PA is in or near CONSOLIDATION...

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,593
  • Mar 11, 2019 4:53am Mar 11, 2019 4:53am
So there you have it people...you see the lengths that Emmanuel will go to, to make himself (in his mind) correct, despite the naming convention for chart formations that are understood world wide!! Amazing isn't it?

Most people, and I dare say that everyone else would have said something like "Oh yes, that is a Wedge formation not a trend line. Cheers for clearing that up"

But not Emmanuel....he will make himself right and everyone else wrong, rather than just admit simple mistake. That refusal to be wrong in face of the facts is just stunning....moreso that he will do it despite the damage that it can do to newbies.

What an ego eh?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #94,594
  • Mar 11, 2019 4:58am Mar 11, 2019 4:58am
So has anything changed or improved about this system since Big E posted it ?? Really don’t wanna read 4700 pages to find out ... if someone who’s familiar can just summarize I’d appreciate it
Take this course: https://shorturl.at/upBey
  • #94,595
  • Mar 11, 2019 4:59am Mar 11, 2019 4:59am
Quoting realjumper
So there you have it people...you see the lengths that Emmanuel will go to, to make himself (in his mind) correct, despite the naming convention for chart formations that are understood world wide!! Amazing isn't it? Most people, and I dare say that everyone else would have said something like "Oh yes, that is a Wedge formation not a trend line. Cheers for clearing that up" But not Emmanuel....he will make himself right and everyone else wrong, rather than just admit simple mistake. That refusal to be wrong in face of the facts is just stunning....moreso...

I say it again:

I already explained that I use the MT4 tool trendline to draw those lines and to show the narrowing range. That's it. I did not say anything about Trend in my post.

Even if the platform has any drawing tool for those you mentioned like wedges, pennants, flags, rectangles, etc. these will become nonsense because some people will say Big E never used them. He simply said look for consolidation in Post#647 and do not trade when PA is in or near CONSOLIDATION...

You are the one here with very big ego wanting to be the clever one knowing chart patterns etc. We are not discussing patterns like wedges, pennants, flags, rectangle here.

Just a simple narrowing range seen using two simple MT4 tool trendlines.

Attached Image (click to enlarge)
Click to Enlarge Name: MT4 Tool Trendline.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,596
  • Mar 11, 2019 5:03am Mar 11, 2019 5:03am
I rest my case!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #94,597
  • Mar 11, 2019 5:04am Mar 11, 2019 5:04am
EURAUD Mar 11 H1 LO+1

Looks like the price action is making its move towards the upper trendline...LOL.

both the Stoch and TDI shows the same signal. ..Post#261

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Mar 11 H1 breakout 11-03-2019 17-59-25.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,598
  • Mar 11, 2019 5:06am Mar 11, 2019 5:06am
there was no case.

just use the platform tool to explain a narrowing range.

keep that simple.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,599
  • Mar 11, 2019 5:12am Mar 11, 2019 5:12am
Quoting emmanuel7788
there was no case. just use the platform tool to explain a narrowing range. keep that simple.
Post 94,551:
your belief Keep It Simple has its limitations.

ooops
  • #94,600
  • Mar 11, 2019 5:15am Mar 11, 2019 5:15am
Quoting emmanuel7788
there was no case. just use the platform tool to explain a narrowing range. keep that simple.

There was no need for all this happen Emmanuel. You drew a Wedge pattern, you know it and I know it. I simply pointed out that you said about the "two trend lines" and I said that they are not trend lines, what you have drawn is a wedge pattern. If you call it what it is, then people can go and research the pattern and learn something. They will learn nothing if they believe that they are looking at two trend lines.

And don't be telling me that "We are not discussing patterns like wedges, pennants, flags, rectangle here" when it is YOU that insists upon Price Action, and it's associated Inside Bars, Engulfing Bares, Pop Guns and that other PRICE ACTION stuff. Patterns ARE Price Action and that too is part of the world wide naming convention for charting patterns.

You opened the PA door, not me.

Keep it simple and admit your mistakes.....
Doing what you like is Freedom. Liking what you do is Happiness.
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