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  • #136,001
  • Edited 3:52am Jul 9, 2021 3:36am | Edited 3:52am
Quoting Thosy
{quote} Hello Brother Ata, Thanks for helping us. Please share the settings for macd indicator you used? And what are the settings for moving avergages?
*Please note that I am using different settings for each time frame.. Long story to list them all.. I give you the settings for daily.. Later I might share the template for all time frame settings but even then it will make no sense to you since you don't know how I am using the lines.. Anyways, at least I tried to answer what you asked for..

DAILY MA Fast
Weighted moving average,
Period: 5,
Shift: 2,
Levels: -110 (i.e: vertical shift)

DAILY MA Slow
Weighted moving average,
Period: 18,
Shift: 4,
Levels: -70 (i.e: vertical shift)

For all time frames MACD
Fast: 1, Slow: 6, Signal: 7
Focus only on what truly matters!
  • #136,002
  • Jul 9, 2021 3:37am Jul 9, 2021 3:37am
Meanwhile, based on M15 I am still buying dips.. (Depending on momentum that could become my final scalper-buy)
Focus only on what truly matters!
  • #136,003
  • Jul 9, 2021 3:44am Jul 9, 2021 3:44am
Quoting Ata-Turkoglu
{quote} DAILY MA Fast Weighted moving average, Period: 5, Shift: 2, Levels: -110 (i.e: vertical shift) DAILY MA Slow Weighted moving average, Period: 18, Shift: 4, Levels: -70 (i.e: vertical shift) DAILY MACD Fast: 1, Slow: 6, Signal: 7
the moving averages are the same on m15 ?
Trends have a higher probability of continuing than not.
  • #136,004
  • Jul 9, 2021 3:46am Jul 9, 2021 3:46am
Quoting Ata-Turkoglu
{quote} DAILY MA Fast Weighted moving average, Period: 5, Shift: 2, Levels: -110 (i.e: vertical shift) DAILY MA Slow Weighted moving average, Period: 18, Shift: 4, Levels: -70 (i.e: vertical shift) DAILY MACD Fast: 1, Slow: 6, Signal: 7
Thanks a lot brother, I'm reading your effortless trading thread and trying to learn and understand.
  • #136,005
  • Jul 9, 2021 3:48am Jul 9, 2021 3:48am
Quoting eurusd-thijs
{quote} the moving averages are the same on m15 ?
NO.. a big no! No settings should be the same on 2 different time frames.. Each time frame deserves its own settings.. A traders biggest job is to optimize.. optimize.. optimize...

*The macd settings are same for each time frame because I am using them with the highest "zero lag" settings..
Focus only on what truly matters!
  • #136,006
  • Jul 9, 2021 3:55am Jul 9, 2021 3:55am
Attached Image
long 1.1842 tp 1.1862 my system said but patience....
when red arrow shows up and that candle is closed will turn for sell
and close the buy
Trends have a higher probability of continuing than not.
  • #136,007
  • Jul 9, 2021 4:00am Jul 9, 2021 4:00am
I am delaying to buy the next dip.. This looks like a deeper correction than the ones from previous hours.. Patience!

*Retail order statistics are not helpful today, since values are balanced.. Not a great day to trade to be honest.. Only scalpers!
Focus only on what truly matters!
  • #136,008
  • Edited 4:24am Jul 9, 2021 4:12am | Edited 4:24am
H1 Status Update

My GREEN line (remember that I am using my new AtasBetterMA indicator now!), is currently supportive.. Soon I will try to enter long based on M15 because this time frame doesn't give me a precise entry..

Lack of momentum (because it is a lazy Friday and because it is a lazy month so far), turns trading into a challenge... One thing for sure: Bulls still have the upper hand on H1!
Attached Image (click to enlarge)
Click to Enlarge Name: H1_Status.png Size: 28 KB
Focus only on what truly matters!
  • #136,009
  • Jul 9, 2021 5:10am Jul 9, 2021 5:10am
Quoting SnaveForex
Watching this 1856 mark again a touch of that might unleash some heavy shorts
1856 is here and looking at these healthy bulls best for this to settle somewhere before shorting. No shorting

I may be looking to short anything 1890-1911. Well it's friday and things are not promised.

Good Luck fellows.

bb during NY
  • #136,010
  • Jul 9, 2021 5:13am Jul 9, 2021 5:13am
Quoting SnaveForex
{quote} 1856 is here and looking at these healthy bulls best for this to settle somewhere before shorting. No shorting I may be looking to short anything 1890-1911. Well it's friday and things are not promised. Good Luck fellows. bb during NY
I leave my stop at BE: 1.1842 and maybe I can trail it up.. If bears show up so be it.. I don't mind but for now: long it is..
Focus only on what truly matters!
  • #136,011
  • Jul 9, 2021 5:40am Jul 9, 2021 5:40am
20 pips done

Attached Image (click to enlarge)
Click to Enlarge Name: 85dfd3371ccc54de3106cdb490323cef.png Size: 2 KB

no more trades today
Trends have a higher probability of continuing than not.
  • #136,012
  • Jul 9, 2021 6:13am Jul 9, 2021 6:13am
Quoting Ata-Turkoglu
{quote} I leave my stop at BE: 1.1842 and maybe I can trail it up.. If bears show up so be it.. I don't mind but for now: long it is..
Tightening my stop to 1.1854 (+12 pips locked)...
Focus only on what truly matters!
  • #136,013
  • Jul 9, 2021 6:46am Jul 9, 2021 6:46am
I'm wandering what will happen if any H1 closes above 1.1858...?
1.2115, is that you?
  • #136,014
  • Jul 9, 2021 7:19am Jul 9, 2021 7:19am
Quoting JerryFisher
I'm wandering what will happen if any H1 closes above 1.1858...? 1.2115, is that you?
And I am wondering while wandering if there is any juice left in the tanks of bulls.. Let's see..
Focus only on what truly matters!
  • #136,015
  • Jul 9, 2021 7:26am Jul 9, 2021 7:26am
1.1860 is resisting quite strongly, bulls should break it
  • #136,016
  • Jul 9, 2021 7:28am Jul 9, 2021 7:28am
Quoting Ata-Turkoglu
{quote} And I am wondering while wandering if there is any juice left in the tanks of bulls.. Let's see..
Looks like they are enjoying their weekend already, price is stuck
  • #136,017
  • Jul 9, 2021 7:28am Jul 9, 2021 7:28am
Quoting Ata-Turkoglu
Daily S/R Levels for Today Bulls must watch out for 1.1863!!! I anticipate that this level is likely to resist strongly! If bulls break 1.1863 with help of momentum and surprise us, I would rely on 1.1894 (last man standing)! As I stated yesterday, I am anticipating a sell off coming soon... BUT when these bears will kick in is still a mystery, and therefore trade very carefully dear bulls! I still scalp-buy dips but with extra caution! Also remember that 1.1850/60 zone was my target which I kept mentioning.. Whatever we expect to happen will probably...
Spot on again. You are good!
  • #136,018
  • Jul 9, 2021 7:31am Jul 9, 2021 7:31am
In the meantime... 1/3rd of July is already over and look how lazy PA is...

  1. Since this month's candle opened below the Gartley edge, 1.1960 has become resistance.. Actually the whole outer edge of the pattern is now resistance and therefore I colored it red..
  2. Support sits at 1.1782 and imho, it reflects a sideways market for the near future.. (maybe a flag is coming and only after a major breakout we can have real direction.. This could last several months..)
  3. On this time frame bears have the upper hand BUT because it is the monthly, even little bullish retests can run for 100 to 200 pips easy..

I hope it helps to see the bigger picture..

Attached Image (click to enlarge)
Click to Enlarge Name: Monthly.png Size: 30 KB
Focus only on what truly matters!
  • #136,019
  • Edited 8:06am Jul 9, 2021 7:35am | Edited 8:06am
Moving stop to 1.1858 (+16 pips locked)

Moving stop to 1.1864 (+22 pips locked)
Focus only on what truly matters!
  • #136,020
  • Jul 9, 2021 8:06am Jul 9, 2021 8:06am
Dear mates, I am starting to suspect 1.19169 is gonna get challenged perhaps today yet. Like I wrote yesterday, I was suspecting yesterday's rally had founded the bullish trend resumption. And here we go now, with bulls having broken 1.1864.
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