DislikedI think today’s GBPJPY could grind down to 144.000 ish - caution required.Ignored
Money management: Capital needed per 0.07 USD per microlot 0 replies
The Volume Detective 411 replies
DislikedI think today’s GBPJPY could grind down to 144.000 ish - caution required.Ignored
Disliked{quote} Thanks Long - that’s it - one of those “disregard at your peril” aspects thanks! RIgnored
Disliked{quote} Hey @TopCover -- I can't tell whether you're being sarcastic and consider "disregard at your peril" similar to "trust me", or whether you attribute a lot of value to the ADR. Suppose there was the perfect setup -- the price peaked above the TMA's upper band and was headed downward. But the ADR said you were done for the day. Would you pass on the trade?Ignored
Disliked{quote} @TopCover -- a screen shot would be nice so we could all see whyIgnored
Disliked{quote} @handy148 -- I've taken a closer look at it. It's essentially the FastTMA (repainting version) that also marks bearish candles that peak above the upper TMA line and bullish candles that poke below. The support / resistance indicator isn't necessary. Also, there's an FFCal indicator that tries to reach the Internet. Plus, there's another indicator that forces you to go to a web site to update. I mean, I got it to work, but without target level lines (TOPS and BOTTOMS) then I lost interest. No doubt other indicators can be combined with MM...Ignored
Disliked{quote} Hi R4me - well I think (humble opinion etc) very simply that if your pair had travelled upwards today by say 75% of the ADR I’d be leery about expecting it to keep going UP to a point beyond that. However if price was reversing near the top/bottom of a days ADR back down/up again that’s fine.... Please know I am not an expert by any means. I actually wasn’t being sarcastic with the “disregard at your peril” comment lol RayIgnored
Disliked{quote} I’m on my iPhone for most of today but here’s my rudimentary chart for why we might head in a Southerly to 144.000 ish. I will be eating crow of course if it doesn’t but it’s one of the first times I’be looked at things THIS way.... Im going to call this a Bluestack Mountain because......well I just want to !! If it’s Bollox you’ll all be the first to know and the Crow Eating will be required. if however it’s correct I will expect tea and medals..... lol lol {image}Ignored
Disliked{quote} {quote} I think I get it -- sort of. But when you refer to "the feasibility" or "pips on the table" then I begin to roll my eyes, as my daughter often does when I give her advice. Most systems operate within a range -- e.g. your average body temperature is 98.6 F. There will be fluctuations and even spikes (e.g. when you run a fever), but it always returns to an average operating range. There is nothing magical about it and for every system this behavior can be explained. In the case of forex, the ADR is sort of like your body temperature...Ignored
DislikedIMHO how I look at my ADR in general as noob point of view {image} NIHIgnored
Disliked{quote} @Nih98 -- why do you say "noob"? This is the nicest explanation I've seen yet.Ignored
Disliked{quote} {quote} I think I get it -- sort of. But when you refer to "the feasibility" or "pips on the table" then I begin to roll my eyes, as my daughter often does when I give her advice. Most systems operate within a range -- e.g. your average body temperature is 98.6 F. There will be fluctuations and even spikes (e.g. when you run a fever), but it always returns to an average operating range. There is nothing magical about it and for every system this behavior can be explained. In the case of forex, the ADR is sort of like your body temperature...Ignored
Disliked{quote} I’m on my iPhone for most of today but here’s my rudimentary chart for why we might head in a Southerly to 144.000 ish. I will be eating crow of course if it doesn’t but it’s one of the first times I’be looked at things THIS way.... Im going to call this a Bluestack Mountain because......well I just want to !! If it’s Bollox you’ll all be the first to know and the Crow Eating will be required. if however it’s correct I will expect tea and medals..... lol lol {image}Ignored
Disliked{quote} Here is a trade a took couple hours ago where the AUDNZD spiked to 160% ADR and broke 3 target zones on higher TFs and going out of the TMA band. While the MM could definitely push higher as they probably don't care about ADR it's very unlikely they will as they already breached through enough of stops (IMO). {image}Ignored
DislikedIMHO how I look at my ADR in general as noob point of view {image} NIHIgnored
Disliked{quote} @parisboy -- okay, but why? The MM feels compelled to follow algebra 101? Back to the body temperature analogy -- the temperature also returns to the mean. But it doesn't return to 98.6F simply because it happens to be the mean. It returns to 98.6F is because if your temperature is too high then cells begin to die and organs malfunction. And if the temperature falls too low then organs fail and you could die. Your body has a feedback mechanism to maintain the temperature within a particular range. So, I was just speculating that ADR might...Ignored