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How Wags Trades - TAS System

  • #201
  • Jun 24, 2020 5:20am Jun 24, 2020 5:20am
EURAUD is the only thing that looks half decent atm, would only consider entering if retraced and OBV holds

Missed entry overnight sunday/Monday

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  • #202
  • Edited 7:05am Jun 24, 2020 5:34am | Edited 7:05am
HH and LL of OBV. is my assumption correct ? so we have to look HH of obv for long entry? or consider slope of 50 ema of OBV
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  • #203
  • Jun 24, 2020 5:46am Jun 24, 2020 5:46am
Quoting Wags
{quote} Can you check wether all MA's in sub window are set to "First indicators data" {image}
Yes, are set correctly :/
  • #204
  • Jun 24, 2020 7:40am Jun 24, 2020 7:40am
Quoting Sandberg
UM - Going Up {image} {image} {image}
+++++++++++++++++++++

Good show! I studied the UsdMex for a while. It took me a few weeks to even figure out 'Pip' values... lol
  • #205
  • Edited 8:05am Jun 24, 2020 7:50am | Edited 8:05am
Expecting further down movement

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  • #206
  • Jun 24, 2020 8:03am Jun 24, 2020 8:03am
Quoting gf233
{quote} Yes, are set correctly :/

I think it depends on the brokers quality of volume and which data feed they use
  • #207
  • Jun 24, 2020 8:16am Jun 24, 2020 8:16am
I'll tell you what Wags, I am looking at a 1hr E/U chart right now, and following with interest. My usual methods for judging the direction of the market are all saying short right now.... your OBV setup however is not agreeing. Looking to see how it pans out. It is like you have given us another dimension. Its not a setup in terms of this strategy but I think it might reinforce the power of your approach.

I am also noticing that the slope of the 50SMA on OBV is very helpful indeed at assisting spotting a divergence.

Apologies if that is a little off-topic.
  • #208
  • Jun 24, 2020 8:17am Jun 24, 2020 8:17am
Quoting Wags
{quote} I think it depends on the brokers quality of volume and which data feed they use
+++++++++++++++++++++++

Indeed it does. I'd prefer to use Oanda's MT4 as my guide, however, was not able to download. I'll try again.

Also another point; Why are you opposed to 'Hidden' divergence? In anvesh post #202, EJ was showing Hidden Bearish Divergence, at the same as time as bullish divergence shown on the chart.
  • #209
  • Jun 24, 2020 8:36am Jun 24, 2020 8:36am
Quoting diamonddbw
{quote} +++++++++++++++++++++++ Indeed it does. I'd prefer to use Oanda's MT4 as my guide, however, was not able to download. I'll try again. Also another point; Why are you opposed to 'Hidden' divergence? In anvesh post #202, EJ was showing Hidden Bearish Divergence, at the same as time as bullish divergence shown on the chart.

Can you put on chart what you mean?
  • #210
  • Jun 24, 2020 8:43am Jun 24, 2020 8:43am
Quoting rogerha
I'll tell you what Wags, I am looking at a 1hr E/U chart right now, and following with interest. My usual methods for judging the direction of the market are all saying short right now.... your OBV setup however is not agreeing. Looking to see how it pans out. It is like you have given us another dimension. Its not a setup in terms of this strategy but I think it might reinforce the power of your approach. I am also noticing that the slope of the 50SMA on OBV is very helpful indeed at assisting spotting a divergence. Apologies if that is a little...

I use 50 MA on OBV slope as crucial element for end of trend, Entering or staying in a trade, i dont think many picked up on this so far.

I would say that the TAS strat is slightly in favour of an up move for EU atm, once upmove happens then we look for retrace with divergence and correlation of the other EUR pairs.

Please do not apologise, this is all relevant

Lets see what happens
  • #211
  • Jun 24, 2020 9:20am Jun 24, 2020 9:20am
Quoting Wags
{quote} I use 50 MA on OBV slope as crucial element for end of trend, Entering or staying in a trade, i dont think many picked up on this so far. I would say that the TAS strat is slightly in favour of an up move for EU atm, once upmove happens then we look for retrace with divergence and correlation of the other EUR pairs. Please do not apologise, this is all relevant Lets see what happens
Based on what I have learnt over the last week or so, I would agree with you.

This pullbacks of OBV to the 50MA are also very powerful.
  • #212
  • Jun 24, 2020 9:21am Jun 24, 2020 9:21am
Quoting Wags
{quote} Can you put on chart what you mean?
++++++++++++++++++++++

Here's my chart, BUT, neither divergence appears on it. I've marked where they should be (according to anvesh chart, post #202) however nothing on mine. Once again, I'm using TradersWay charts, which is an ECN, which means overall spreads are tiny, but during news it jumps like crazy. Was in a trade the other day, (maybe Nzd) and the spread jumped to 75.

That combined with the fact that TradersWay is not the originating broker, and all sorts of variables figure in.

The question remains; Why you discourage use of 'Hidden' Divergence?
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  • #213
  • Jun 24, 2020 10:23am Jun 24, 2020 10:23am
Saw this set up a few hours ago. OBV was hanging out below MA's, so took advantage of Strong pull back. In this case it worked out.

This show 1st TP on my demo. I still have half trade going in live trade, with SL to BE.

Been watching Aud for a few months, expecting a major correction. Maybe this is it. Today USD started rising on who knows what. I suspect it has to do with more whitehouse ignorance of threatening more tariffs. Have not yet found a time in history in which tariffs improved anything. (rant)
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  • #214
  • Jun 24, 2020 11:59am Jun 24, 2020 11:59am
Quoting diamonddbw
Saw this set up a few hours ago. OBV was hanging out below MA's, so took advantage of Strong pull back. In this case it worked out. This show 1st TP on my demo. I still have half trade going in live trade, with SL to BE. Been watching Aud for a few months, expecting a major correction. Maybe this is it. Today USD started rising on who knows what. I suspect it has to do with more whitehouse ignorance of threatening more tariffs. Have not yet found a time in history in which tariffs improved anything. (rant) {image}
I think so. USD started to raise today but who knows why. I noticed this divergence on USDCAD also.

Thanks Wags for this cool and simple system.
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  • #215
  • Jun 24, 2020 12:23pm Jun 24, 2020 12:23pm
A new setup formed on EURNZD :
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If you don't build your DREAM, Someone will hire to help build theirs ...
  • #216
  • Jun 24, 2020 12:43pm Jun 24, 2020 12:43pm
Quoting luatrader
{quote} I think so. USD started to raise today but who knows why. I noticed this divergence on USDCAD also. Thanks Wags for this cool and simple system. {image}
++++++++++++++++++++++
Was in the UCad earlier, but Cad remained too strong, so my stones disappeared...
  • #217
  • Jun 24, 2020 7:20pm Jun 24, 2020 7:20pm
Quoting Rafaz1
{quote} Do you have the MQL4 file also?
++++++++++++
Sorry - didn't see your post until now. No, I don't have the mq4 - I have often looked for it but never found - the ex4 does have good adjustment though. Cheers.
  • #218
  • Jun 24, 2020 8:42pm Jun 24, 2020 8:42pm
CHFJPY looks good to me for several reasons.
50/200 ema - check
divergence - check
however when it comes to the zones i can see clear rejection at 113.000
I am not even close to expert when it comes to this system and this is just MY take on this please don't let my actions define your results
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  • #219
  • Edited 10:04pm Jun 24, 2020 9:39pm | Edited 10:04pm
OK Guys - I got a little irritated in not having the mq4 of the Round Numbers file so went looking.

Here is the original BN Levels file which allows you to set lines on screen right as close as 20 pips or as far as 100 pips apart with colour control, Line style, text position control etc etc. Have a play and set it up to suit your self. There may have been later versions but this one is excellent
Also found this earlier version - slightly different - now you are spoilt for choice. :-)
Attached File(s)
File Type: mq4 BN Levels v1.02.mq4   13 KB | 338 downloads
File Type: mq4 BN Levels v1.00.mq4   12 KB | 329 downloads
  • #220
  • Jun 25, 2020 2:19am Jun 25, 2020 2:19am
Euro looks like it could be getting stronger across most pairs

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