These price bars are very nicely coloured so that bullish candles are one color, bearish another.
Are these Heiken Ashi charts?
Are these Heiken Ashi charts?
A great and refreshing weekend to all
MADdash (Moving Average Distance)
- #2,627
- May 6, 2019 4:26pm May 6, 2019 4:26pm
- Joined Aug 2015 | Status: Coding Magician | 2,676 Posts
The idea behind the Moving Average Distance Dashboard stems from the fact that every currency pair is made up of 2 currencies - the base and the quote currencies. Sound basic rightA currency pair therefore moves because either (a) one of the 2 currencies is weak and the other strong or (b) one of the 2 currencies is very, very weak or very, very strong. This is the basic concept taught by Mark M of Forex Early Warning. Therefore to benefit from price movement, we want to match and trade a strong currency against a weak one as trading...
Vucking good EA coder... https://t.ly/AZjRM
- #2,628
- May 6, 2019 4:26pm May 6, 2019 4:26pm
- Joined Aug 2015 | Status: Coding Magician | 2,676 Posts
Vucking good EA coder... https://t.ly/AZjRM
- #2,630
- May 6, 2019 6:14pm May 6, 2019 6:14pm
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
Anyone is still here and trades this?
Low Risk Low Stress High Reward High Probability Trades
- #2,632
- May 6, 2019 11:31pm May 6, 2019 11:31pm
- Joined Aug 2015 | Status: Coding Magician | 2,676 Posts
Vucking good EA coder... https://t.ly/AZjRM
- #2,638
- May 10, 2019 12:27pm May 10, 2019 12:27pm
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
We'll here's to a first post on this great thread. George, i've done a whole lot of reading thru this post and the one on SH. Tempted to often skip to the last post, but have done my due diligence and hope that i wont be blasted for the questions below. I clearly understand the intention behind your powerful tool is to aid in the entry of the Strong vs Weak currencies. The system which the trader decides to deploy this approach is totally up to them, but as giving as you are, you have also provided numerous setup and your approach on how you trade....
Good morning George. Many many thanks for your generosity, patience and all the details including your actual trades. I've read through the thread and SH. I have to go over about 40 posts again, on which I've taken notes, but I think I have a starting grasp on the excellent tools and methods. I am in Atlantic Canada (NB), so can't trade your hours; I'm usually at the computer about two hours before US open. As requested by Mojo before I do a review, I would also appreciate a summary of what dashes you've been using most recently. I have enough monitors...
Please pardon me that it took this long to respond to you. I was working on some major projects that were costing time and money, and so needed a bit of focus to ensure successful completion.
Nothing has changed in my trading methodology and that includes the tools too. I only mentioned some alternative tools when traders were having problem downloading the MADDY from SHF. MADdash is good enough for our trading and additional benefit MADDy brings to the table is the elimination of stale signals or put another way, identification of price exhaustion. I was also using the other tools to show that you can use anything to trade if you know what you are doing.
Now to your specific questions
can we now essentially do without the one Rene had created?
You can see that all the numbers under both M1 & M5 time frames are in single digit except NCA @ -14 and this shows that most of the pairs may have reached an exhaustion point and diverging from the HTF. If we focus on the NCA, the first thing to note is, no long trade until the numbers turn green. The second point to note is that the M1 @ -9 also shows there is no short trade too because its value is below that of M5. If both M1 & M5 continue to move and increase in the opposite direction, I will be interested in a short trade as price closes below my MA Channel.
Ideally based on the image above, we can see our focus should be on G/J or even GBP/CHF, how far up should in pips the M1 run into red before you would consider trade as long as it's below your channel and has broken the last M30hilo?
Yes you are right focus should be on the GBP pairs but note that only the M1 is green and would want the M5 to also follow in the direction of the M1 and the HTF beginning to loose (weakness) power (that is, values reducing) and price closing above my MA Channel.
I'm a bit foggy on this image below, and perhaps you will redirect me for clarity, but how are you integrating the dashboard below into your arsenal?, simply ensuring as additional confirmation that all arrows are lit on the focused pair?
My final question would be you had mentioned utilizing the SS balance, i have not read that thread, and cannot ask thorough questions yet, but my early understanding was when you mentioned, you like to see the strong currency all in positive pips and when price is away 20+ pips you use that as assurance of momentum?, excuse my inexperience here.
I trust the above explanation clarifies things for you. Take a look again at post 2424.
Cheers and have a good weekend.
Shalom
Low Risk Low Stress High Reward High Probability Trades
Hello George!
I hope all is smooth and priorities are in line
Thank you for taking the time to return and explain.
I will try and sum up what you have explained above.
Scenario 1 - Buy example: If we are continuing in the direction of the H1 H4 D1, it would be optimal to have a nice M1 & M5 to be green.. , once this takes place, you then want to see a higher number on the M1 then M5 headed back to red... all this combined, let it break the 30min high low and obviously will be below the channel, this is the time to execute the trade.
2nd. If counter trading, against H1 H4 D1, you want to see M1 greater than M5, along with being the opposite color and moving above your channel?
I hope i got this clear...
In all of this, im assuming your Maddy comes into play in scenario 1 when all the boxes are one solid colour?
Thanks George, good to have to back, and perhaps revive your thread with fresh examples, if you care to post.
Hope all other is well on your end.
Cheers.
I hope all is smooth and priorities are in line
Thank you for taking the time to return and explain.
I will try and sum up what you have explained above.
Scenario 1 - Buy example: If we are continuing in the direction of the H1 H4 D1, it would be optimal to have a nice M1 & M5 to be green.. , once this takes place, you then want to see a higher number on the M1 then M5 headed back to red... all this combined, let it break the 30min high low and obviously will be below the channel, this is the time to execute the trade.
2nd. If counter trading, against H1 H4 D1, you want to see M1 greater than M5, along with being the opposite color and moving above your channel?
I hope i got this clear...
In all of this, im assuming your Maddy comes into play in scenario 1 when all the boxes are one solid colour?
Thanks George, good to have to back, and perhaps revive your thread with fresh examples, if you care to post.
Hope all other is well on your end.
Cheers.
- #2,640
- May 10, 2019 2:53pm May 10, 2019 2:53pm
- Joined Jul 2010 | Status: Great hopes make great men | 2,042 Posts
Hello George! I hope all is smooth and priorities are in line
JPY and GBP are the most pronounced weak currencies while CAD is the only pronounced strong currency
1. when the pairs are still green (JPY pairs) even though in single digits, it shows there is still juice to the upside
2. if price retraces, it will probably bounce off the MA Channel and continue the uptrend as in the case below
3. If it however turns red, then exhaustion may be setting in especially if it has made a substantial move up, and this is why I will wait for:
(a) both M1 & M5 turn the opposite color of the HTFs with M1 leading the way
(b) PA below the MA Channel to short (CAJ)
Have a good weekend
Low Risk Low Stress High Reward High Probability Trades