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Finding the trend

  • #281
  • Aug 1, 2024 12:23am Aug 1, 2024 12:23am
Quoting Thtpro
{quote} LOL - No I "monitor" those markets - all I'm doing is searching for absolute picture perfect set-ups - on the daily TF they only show up once in a while, so you have to delve lower TF's
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  • #282
  • Aug 1, 2024 12:31am Aug 1, 2024 12:31am
Quoting OAPDave
{quote} Hi I am always willing to learn done a Go Compare ? {image}
Yeah - on your chart - I've put a pink dot on the picture perfect trades I'd of taken - Now I only trade between 8am and 4.30pm, so if any occurred out of those hours, they would not have been taken, but marked as an example of what I would of done on that chart period

The down trend at 4pmish - I'd of taken the short, as price moved back to the 10 SMA - but that was at 4.30pm when i clocked off, so I didn't take the trade

I'm always intrigued by new methods to trade

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PS - I don't use all those Indicators for every trade - the Stoch is just there because I like to see it, I don't use it all all to trade with - The 14RSI same, I can read it for trends and a few other things it does
  • #283
  • Aug 1, 2024 12:32am Aug 1, 2024 12:32am
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  • #284
  • Aug 1, 2024 8:11am Aug 1, 2024 8:11am
Quoting OAPDave
{quote} Had a play with your Indicators This is what I have come up with ? much easier on MY eye {image}
You can make most Indicators do the same thing as they are all derived from price action - just the maths inside that alters

I just keep is as simple for my brain as possible - I'm totally not tech savvy at all and my trading comp software systems are pretty basic and limited in what I can do with them etc

The main thing is using them under the right conditions and you'll get the results - trade them willy nilly and you'll lose a packet

I like catching pullbacks/lows/turns etc - so you can use these with pullbacks, retracements to % levels, harmonic patterns at the turning points etc

Then again you can just trade the price when it hits those points and do without the Indicators, but I like them as my safety blanket
  • #285
  • Aug 1, 2024 8:56am Aug 1, 2024 8:56am
Last one as I'm very conscious we're hijacking this thread

The DAILY TF 2RSI was <25% and the 15RSI >40% (This usually signals some sort of bounce in price) - you can look at the pattern on the daily which was sort of sideways trading range yo-yoing off lows - I'm not bothered about the pattern on the daily, as long as the pattern on the lower time-frame shows bullishness AND the SMA's are 10>20 and there's a meaningful pullback to the SMA's along with 2RSI<25%

I choose to trail a 2 bar trailing stop of the low on this trade - entry, stop and exit shown on chart

This was a picture perfect trade that did as expected

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  • #286
  • Aug 1, 2024 9:50am Aug 1, 2024 9:50am
Quoting Thtpro
Last one as I'm very conscious we're hijacking this thread The DAILY TF 2RSI was <25% and the 15RSI >40% (This usually signals some sort of bounce in price) - you can look at the pattern on the daily which was sort of sideways trading range yo-yoing off lows - I'm not bothered about the pattern on the daily, as long as the pattern on the lower time-frame shows bullishness AND the SMA's are 10>20 and there's a meaningful pullback to the SMA's along with 2RSI<25% I choose to trail a 2 bar trailing stop of the low on this trade - entry, stop and exit...
You are wellcome to continue. Your chats are interesting and I am not very keen that we keep the subject of the threath.
MetaTrader 4 - so many advantages.
  • #287
  • Edited 2:17am Aug 2, 2024 1:59am | Edited 2:17am
Eod
Hopefully your charts look something like this, as you have the indicators
I have been through this all before, early in the week answering you question in detail
not really sure why we need to do it all again
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  • #288
  • Aug 2, 2024 8:34am Aug 2, 2024 8:34am
Quoting OAPDave
Eod Spero che i tuoi grafici siano più o meno così, dato che hai gli indicatori. Ho già affrontato tutto questo all'inizio della settimana, rispondendo in dettaglio alla tua domanda, non sono sicuro del perché dobbiamo farlo di nuovo {image}
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everything is ok. but I can't read the Daily average Fibo indicator. how to use the information? now prices are below 100. so?
  • #289
  • Edited 11:50am Aug 2, 2024 9:09am | Edited 11:50am
Quoting Eod
{quote} {image} everything is ok. but I can't read the Daily average Fibo indicator. how to use the information? now prices are below 100. so?
Password
free_at _ff

Trend is down so were would you sell what would be some targets and were would you place your stop ?
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Attached File(s)
File Type: ex4 #Signal_Bars_v10a ff .ex4   39 KB | 214 downloads
  • #290
  • Aug 2, 2024 9:13am Aug 2, 2024 9:13am
Quoting OAPDave
Eod Hopefully your charts look something like this, as you have the indicators I have been through this all before, early in the week answering you question in detail not really sure why we need to do it all again {image}
.
Hi OAPDAVE,just want to clarify on how you determine the trend,the cross of rsi over the 50 median on the timeframe you are trading on?or you have other criteria. Thanks
  • #291
  • Edited 10:18am Aug 2, 2024 9:41am | Edited 10:18am
Quoting dgold
{quote} . Hi OAPDAVE,just want to clarify on how you determine the trend,the cross of rsi over the 50 median on the timeframe you are trading on?or you have other criteria. Thanks
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ps if the trend is down
why not sell when price goes below Daily open
If ADR allows
pps
66 LWMA
  • #292
  • Aug 2, 2024 10:23am Aug 2, 2024 10:23am
Quoting OAPDave
{quote} {image} {image} ps if the trend is down why not sell when price goes below Daily open If ADR allows pps 66 LWMA
Thank you so much for this clear explanation,well understood,if you dont mind sharing your adr indicator.i will apppreciate it,
  • #293
  • Aug 2, 2024 10:40am Aug 2, 2024 10:40am
Quoting dgold
{quote} Thank you so much for this clear explanation,well understood,if you dont mind sharing your adr indicator.i will apppreciate it,
Attached File(s)
File Type: ex4 Daily Average Fibo Historical v1.1 (2).ex4   12 KB | 200 downloads
  • #294
  • Aug 2, 2024 1:00pm Aug 2, 2024 1:00pm
Not delete your post. Tomorrow i’ll read
  • #295
  • Aug 2, 2024 2:22pm Aug 2, 2024 2:22pm
Quoting Eod
Not delete your post. Tomorrow i’ll read
Listen mate
In my opinion there is too much lets just say ( un interesting posts on threads) so if I judge my posts carry
NO Interest in 24 hours
I delete them
as not to clutter the thread with rubbish
After all, it does not take much effort to give a like or say a thank you
for a question answered or an indicator sent
to me its just good manners and shows its worthwhile posting and supporting a thread
This is not aimed directly at you but just in general how I feel

atm
18 indicator downloads, 1 thank you and as yet no posts showing the use of them
Unbelievable
  • #296
  • Aug 2, 2024 11:19pm Aug 2, 2024 11:19pm
Quoting Eod
{quote} {image} everything is ok. but I can't read the Daily average Fibo indicator. how to use the information? now prices are below 100. so?
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  • #297
  • Aug 3, 2024 12:08am Aug 3, 2024 12:08am
Eod
So lets walk down the RSI Scale with different Time Frames ?
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  • #298
  • Aug 3, 2024 12:24am Aug 3, 2024 12:24am
The importance I attach to a Grid
It can be any Grid
But some are better than others ?
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  • #299
  • Aug 3, 2024 12:25am Aug 3, 2024 12:25am
Quoting OAPDave
{quote} {image} {image} ps if the trend is down why not sell when price goes below Daily open If ADR allows pps 66 LWMA
Thanks for your input,gone through the night studying the charts with your and i see that your input of putting daily open into consideration will help alot in building patience in me to not trade all signals even the profitable ones.
  • #300
  • Aug 3, 2024 12:29am Aug 3, 2024 12:29am
Quoting OAPDave
Eod So lets walk down the RSI Scale with different Time Frames ? {image} {image} {image} {image} {image}
so you consider the higher timeframe? if yes, how do you do your top down annalysis. 4hr/15m,1hr/5m.
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