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Cable Update (GBPUSD)

  • #784,981
  • Oct 21, 2023 1:38am Oct 21, 2023 1:38am
Quoting Moty
what about this strategy ? 10 to 20 pips r/r {image}
If you have to ask...
Congratulations ScalaFX for coming out of the closet!
  • #784,982
  • Oct 21, 2023 2:25am Oct 21, 2023 2:25am
Quoting Pat Chiko
{quote} GU sleepy pair. {image}

It's a very Efficient Pair right now.....
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  • #784,983
  • Oct 21, 2023 3:08am Oct 21, 2023 3:08am
the monthly chart of the stockmarket looks not promising.

it failed to breach the old highs and turbulences on the stockmarket would have impact on the currencies and GU.
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trading is like dancing, don't think and just listen to the music!
  • #784,984
  • Oct 21, 2023 3:50am Oct 21, 2023 3:50am
no special with last 3 weeks turmoils . ranging down continues . take care
usdx bull very healthy high tf . 3rd monthly bull candle still green with ongoing 3 weeks correction tries . this week may more green possible . lets see take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #784,985
  • Oct 21, 2023 4:15am Oct 21, 2023 4:15am
It appears that Moty Navk and probably more are looking for the best solution for identifying price trends.
Here is another combination that I have been playing with that uses MA and various trend strength indicators. The best trend strength indicator appears to be the TDI. Pay attention to the black line for trend, the green and red lines for strength of trend on trading view and the red/green and white line on MT4.
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  • #784,986
  • Oct 21, 2023 4:54am Oct 21, 2023 4:54am
Quoting birdland
the monthly chart of the stockmarket looks not promising. it failed to breach the old highs and turbulences on the stockmarket would have impact on the currencies and GU. {image}
Big trouble ahead imo
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  • #784,987
  • Oct 21, 2023 4:55am Oct 21, 2023 4:55am
Quoting dantpm
TDI
1. TDI is a direct derivative of RSI (as far as I remember) - therefore could easily be replaced by RSI
2. your "black line" is sometimes helpful for identifying bias but at others it really isn't: it can give problematic signals and is always late
3. mostly a MA (depending on your instrument and TF for bias, inputs will, of course, vary) will do a better and more straightforward job, I think
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  • #784,988
  • Oct 21, 2023 5:10am Oct 21, 2023 5:10am
Quoting josi
{quote} 1. TDI is a direct derivative of RSI (as far as I remember) - therefore could easily be replaced by RSI 2. your "black line" is sometimes helpful for identifying bias but at others it really isn't: it can give problematic signals and is always late 3. mostly a MA (depending on your instrument and TF for bias, inputs will, of course, vary) will do a better and more straightforward job, I think {image}
Thanks for the input!
My reading suggests that the TDI is a combination of multiple RSI's, MA's and BB.
The black line is a MA of the RSI.
I appreciate that signals are always late but so far I haven't found a 'better way' to visualize and aid in predicting what will happen.
I do check higher timeframes and lower timeframes constantly, maybe too constantly.
In any timeframe there is always chop with the market as the algorithms that control trading mess with traders!
I am attempting to complement the MA approach with something to help me identify the strength of the move more quickly so that I don't get caught on reversals.
I find pivots and fibs unreliable.
I also noticed that a lot of these TDI indicators tend to produce slightly different results.
  • #784,989
  • Edited 5:32am Oct 21, 2023 5:17am | Edited 5:32am
Quoting dantpm
{quote} Thanks for the input! My reading suggests that the TDI is a combination of multiple RSI's, MA's and BB. The black line is a MA of the RSI. I appreciate that signals are always late but so far I haven't found a 'better way' to visualize and aid in predicting what will happen. I do check higher timeframes and lower timeframes constantly, maybe too constantly. In any timeframe there is always chop with the market as the algorithms that control trading mess with traders! I am attempting to complement the MA approach with something to help me...

maybe MACD can help in final confirmation of in/out signals.

such as setting 12.100.9.
  • #784,990
  • Oct 21, 2023 6:03am Oct 21, 2023 6:03am
Quoting tiborf71
{quote} maybe MACD can help in final confirmation of in/out signals. such as setting 12.100.9.
I like the MACD for trend. The settings you propose are great for trend but not necessarily catching changes in trend or strength of trend.
I used 5,10,5 in the attached colored MACD.
The two blue lines are showing the strength of the trend fairly well.
Above the center line for a long trade below for a short.

EDIT, Compared the MACD below to the RSI 14 with MA 2 and 7 of the RSI and the results are identical to the MACD chart.
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  • #784,991
  • Oct 21, 2023 6:39am Oct 21, 2023 6:39am
Quoting josi
{quote} 1. TDI is a direct derivative of RSI (as far as I remember) - therefore could easily be replaced by RSI 2. your "black line" is sometimes helpful for identifying bias but at others it really isn't: it can give problematic signals and is always late 3. mostly a MA (depending on your instrument and TF for bias, inputs will, of course, vary) will do a better and more straightforward job, I think {image}

You gave me an idea.
The attached is an RSI (not shown), LWMA MA 3&7 of the RSI, SMA 34 of the RSI.
It gives faster indications of the strength, chop and trend.
I am not a fan of the 1 min time frames, preferring 5, 10 or 15.
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  • #784,992
  • Oct 21, 2023 7:26am Oct 21, 2023 7:26am
Quoting dantpm
{quote} You gave me an idea. The attached is an RSI (not shown), LWMA MA 3&7 of the RSI, SMA 34 of the RSI. It gives faster indications of the strength, chop and trend. I am not a fan of the 1 min time frames, preferring 5, 10 or 15. {image}
if you think, you can try the momentum indicators.
  • #784,993
  • Oct 21, 2023 7:34am Oct 21, 2023 7:34am
Quoting tiborf71
{quote} if you think, you can try the momentum indicators.
Do you have a specific one in mind? I haven't been impressed with the single line versions that I have looked at to date.
  • #784,994
  • Oct 21, 2023 7:50am Oct 21, 2023 7:50am
Quoting dantpm
{quote} Do you have a specific one in mind? I haven't been impressed with the single line versions that I have looked at to date.
I also tested the TDI approach a long time ago, unfortunately I didn't make any progress with it, so I put it out there.
but maybe you can make progress with it.
  • #784,995
  • Edited 8:13am Oct 21, 2023 7:59am | Edited 8:13am
Quoting tiborf71
{quote} I also tested the TDI approach a long time ago, unfortunately I didn't make any progress with it, so I put it out there. but maybe you can make progress with it.
I too have found the TDI a little hard to understand completely.
With this hybrid RSI MA that I created it is a lot simpler.
I believe these are the key characteristics:
-above the center (50 line) you are in an uptrend
-black line (34 ma) shows changes in trend
-separation of the red and green line (MA 3 and 7) shows strength of move with crosses indicating changes in direction
[edit] green above red, uptrend, green below red downtrend, trend ending as green and red pinch together, possible reversal as they cross with the slope of the pair showing the strength of the move as well

I tried adding BB to it but wasn't successful in any meaningful way.

Pretty sure that I have made it easy to visualize what is happening. With the shorter MA counts you can apply it meaningfully to different time intervals.
  • #784,996
  • Oct 21, 2023 8:18am Oct 21, 2023 8:18am
Quoting dantpm
{quote} I too have found the TDI a little hard to understand completely. With this hybrid RSI MA that I created it is a lot simpler. I believe these are the key characteristics: -above the center (50 line) you are in an uptrend -black line (34 ma) shows changes in trend -separation of the red and green line (MA 3 and 7) shows strength of move with crosses indicating changes in direction [edit] green above red, uptrend, green below red downtrend, trend ending as green and red pinch together, possible reversal as they cross with the slope of the pair...
Apply it to the weekly and tell me what it says
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #784,997
  • Oct 21, 2023 8:26am Oct 21, 2023 8:26am
Quoting tiborf71
{quote} maybe MACD can help in final confirmation of in/out signals. such as setting 12.100.9.
The MACD being a leading indicator often shows weakness of momentum "early", i. e. before the last leg.
As long as you know this (and keep it in mind) this may not be a problem, otherwise it may get you out of trades and into counter-trades too early....
For many that means they need a MA (for bias), nevertheless...
  • #784,998
  • Oct 21, 2023 8:32am Oct 21, 2023 8:32am
Quoting josi
{quote} The MACD being a leading indicator often shows weakness of momentum "early", i. e. before the last leg. As long as you know this (and keep it in mind) this may not be a problem, otherwise it may get you out of trades and into counter-trades too early.... For many that means they need a MA (for bias), nevertheless...
the MACD as a leading indicator is not a very lucky choice, but it can be used for strengthening as part of a system.
MACD, for example, can help you choose where to put the SL.

just a thought.
  • #784,999
  • Oct 21, 2023 8:47am Oct 21, 2023 8:47am
Quoting Bones
{quote} Apply it to the weekly and tell me what it says
Austraiilian / USD
Seems to suggest a downtrend. I am not that good on grasping higher time frames. What do you think?
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  • #785,000
  • Oct 21, 2023 8:51am Oct 21, 2023 8:51am
Quoting stevepatt
{quote} It's a very Efficient Pair right now..... {image}
The bulls and the bears are in such an epic struggle that price is locked in position! WHO WILL WIN? Moty... I defer to you and your signals *begin financial and mental decay*
Congratulations ScalaFX for coming out of the closet!
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