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Center of Gravity Daily Trend Trade

  • #41
  • May 24, 2020 5:36am May 24, 2020 5:36am
Quoting thegrimreape
Zoom out of the chart, H1 is in line with H4's trend signal. Long AUDUSD only
Forgotten about the chart, here's the chart to go along with the analysis
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD-2H4.png Size: 47 KB
  • #42
  • May 24, 2020 5:41am May 24, 2020 5:41am
On the 15 minute timeframe, things look rather ugly. Remember, the art of multi-timeframe analysis lies in the perfect synchronization also known as harmonization between all timeframe. For instance, in AUD/USD prior chart, the H4 timeframe printed a long bias, the same goes with H1 timeframe. But what about the M15 TF? The M15 TF isn't all glory, as it's now taking a dump towards the downside. So no trade, until the dust settles
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD-2H4.png Size: 42 KB
  • #43
  • May 24, 2020 5:47am May 24, 2020 5:47am
However, can we really walk past the conventional wisdom of looking at the fundamentals before charting comes after? Sure, why not. This is why I love using the Regression Channel/Linear Channel/Center of Gravity or whatever you called it.

Look at AUD/USD's monthly to daily's analysis. Before a surge of fundamentals kick right into the limelight, such as the Aussie's bush fire - Covid 19 - Unemployment, this indicator has foretold the movements of the market.

Remember, the COG repaint is not an issue. It's repainting because it's conforming to "new data". Hence, it's practically a leading indicator.

Monthly - Bear
Weekly - Bear
Daily - Bear

What can you see from the screenshots?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD-2Monthly.png Size: 43 KB
Click to Enlarge Name: AUDUSD-2Weekly.png Size: 42 KB
Click to Enlarge Name: AUDUSD-2Daily.png Size: 34 KB
  • #44
  • May 24, 2020 5:55am May 24, 2020 5:55am
If you are a fan of trading the Supply and Demand's principle, have a look at the first arrow. Happened after a fresh engulfed, what happens after would definitely put you into a state of joyful trance.

Why? Look at the second arrow. Where did it hit? The supply zone, yes... but that's not the main point! It hits the Center of Gravity's top standard deviation. See how it correlates with SnD? Interesting integration, however, I am not trading SnD with COG, please be advised this is just an illustration to show you that there are indeed correlated causation to it.

Main bias should always be the trend, not reversal trading.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD-2Weekly.png Size: 29 KB
  • #45
  • May 24, 2020 6:04am May 24, 2020 6:04am
As per what has been illustrated prior, have a look at the daily timeframe.

Price hits the standard deviation again... what happened to the left? A prior SnD zone. A projected downward movement following Monthly's trend? A resumption of downtrend? We shall see where it goes next in the coming days.

So much potential, yet too many are lazy to dig deeper to unravel the golden nuggets coming from a leading indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD-2Daily.png Size: 29 KB
  • #46
  • May 24, 2020 6:10am May 24, 2020 6:10am
Again, from the long-term perspective. This time around let's have a look at the EURUSD chart, starting from the Monthly - Daily.

Bearish...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD-2Monthly.png Size: 44 KB
Click to Enlarge Name: EURUSD-2Weekly.png Size: 52 KB
Click to Enlarge Name: EURUSD-2Daily.png Size: 47 KB
  • #47
  • May 24, 2020 6:12am May 24, 2020 6:12am
Am I cherry picking the set-ups? Nope. It's the truth. Look at the EURUSD's weekly timeframe.

Past SnD intersects with current standard deviation. Where did it move thereafter?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-2Weekly.png Size: 38 KB
  • #48
  • May 24, 2020 6:21am May 24, 2020 6:21am
I had a great time trading the oil market before someone told me that it could crash all the way down to the negatives. Fundamental? Yes, I did my research and read the report on a daily basis. But was it fully based on the principles of fundamentals? No. Look at the chart below, let the chart do the talking
Attached Image(s) (click to enlarge)
Click to Enlarge Name: WTICOUSD-2Monthly.png Size: 46 KB
Click to Enlarge Name: WTICOUSD-2Weekly.png Size: 44 KB
Click to Enlarge Name: WTICOUSD-2Daily.png Size: 37 KB
  • #49
  • May 24, 2020 6:24am May 24, 2020 6:24am
S/D in the past, in the now: it tested the standard deviation channel and stopped right after price tested the S/D as well. Coincidence? I am afraid not
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSD-2Weekly.png Size: 31 KB
  • #50
  • May 24, 2020 6:27am May 24, 2020 6:27am
You have absolute zero idea on what China is doing? Worried if they are downplaying their currency again? Frustrated of President Trump's tweets?

Look at USD/CNH's Monthly - Daily Analysis. It's bullish.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCNH-2Monthly.png Size: 34 KB
Click to Enlarge Name: USDCNH-2Weekly.png Size: 45 KB
Click to Enlarge Name: USDCNH-2Daily.png Size: 51 KB
  • #51
  • May 24, 2020 6:27am May 24, 2020 6:27am
Quoting thegrimreape
S/D in the past, in the now: it tested the standard deviation channel and stopped right after price tested the S/D as well. Coincidence? I am afraid not {image}
Hi thegrimreape, very interesting posts. What do you mean with standard deviation? The COG settings provided by the threadstarter?

Thanks.
Klausi.
Stick to the plan!
  • #52
  • May 24, 2020 6:30am May 24, 2020 6:30am
Quoting Klausi
{quote} Hi thegrimreape, very interesting posts. What do you mean with standard deviation? The COG settings provided by the threadstarter? Thanks. Klausi.
Hi there! I am glad that you found it interesting, what I meant by it was the High and Lows of the CoG channel. It was calculated with SD as far as I'm concern
  • #53
  • May 24, 2020 6:34am May 24, 2020 6:34am
Needed to be sure of Brexit? I don't. Here's to what GBPUSD is doing

Monthly - Daily = Bearish.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD-2Monthly.png Size: 39 KB
Click to Enlarge Name: GBPUSD-2Weekly.png Size: 41 KB
Click to Enlarge Name: GBPUSD-2Daily.png Size: 42 KB
  • #54
  • May 24, 2020 6:35am May 24, 2020 6:35am
Thanks for your reply. I got this settings when i load the template.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.jpg Size: 64 KB
Do you use the same?
Stick to the plan!
  • #55
  • May 24, 2020 6:39am May 24, 2020 6:39am
Quoting Klausi
Thanks for your reply. I got this settings when i load the template. {image}Do you use the same?
Everything is loaded to default, except for the bar back. The bar back, I opted following eTrader's settings. Instead of using 125, I'd it change to 180, hope that helps
  • #56
  • May 24, 2020 6:43am May 24, 2020 6:43am
Quoting thegrimreape
{quote} Everything is loaded to default, except for the bar back. The bar back, I opted following eTrader's settings. Instead of using 125, I'd it change to 180, hope that helps
Hi thegrimreape,

would you please upload the indicator.
i tried the old one but it's not working.
it seems have problem with mt4 compatibility.
  • #57
  • May 24, 2020 6:43am May 24, 2020 6:43am
This is why I don't dig this trade. Monthly were bearish, but what's with the Weekly and Daily timeframe? Bullish! Should I enforce a buy even though Monthly isn't following the Daughter (Daily Timeframe) and the Wife (Weekly Timeframe) to the shopping mall? No. I should stick to the rules and only trade when the multi timeframe analysis harmonizes with one another
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSD-2Monthly.png Size: 34 KB
Click to Enlarge Name: XAUUSD-2Weekly.png Size: 40 KB
Click to Enlarge Name: XAUUSD-2Daily.png Size: 40 KB
  • #58
  • May 24, 2020 6:45am May 24, 2020 6:45am
That helped a lot! Thanks!
Stick to the plan!
  • #59
  • May 24, 2020 6:45am May 24, 2020 6:45am
Quoting selfrit
{quote} Hi thegrimreape, would you please upload the indicator. i tried the old one but it's not working. it seems have problem with mt4 compatibility.
Hi, I hope it resolves the issue you're facing. Please note that I got it from this thread too...
Attached File(s)
File Type: ex4 Center of Gravity.ex4   7 KB | 601 downloads
  • #60
  • May 24, 2020 6:45am May 24, 2020 6:45am
Quoting Klausi
That helped a lot! Thanks!
Welcome!
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