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  • #101
  • Aug 23, 2007 9:28am Aug 23, 2007 9:28am
Quoting pipskidnapper
and now what we think about this.??????
when would you consider a retracement finished? do you rely on divergences, or on candle closing above certain fib levels. for now price just bounced up from 38.2 weekly level which I have at 231.8, but still I wouldn't know what to think
  • #102
  • Aug 23, 2007 9:29am Aug 23, 2007 9:29am
Quoting pipskidnapper
and now what we think about this.??????
Going long when red line broken and 1hr closes above it, is it correct?
Regards
  • #103
  • Aug 23, 2007 10:08am Aug 23, 2007 10:08am
Hello Pipskidnapper,

Just trying to understand one thing here - do you base your trading on the indicators or is it purely based on the price action and the S/R, trendlines, etc.?

I believe we all have a lot to learn from your style - that sure is one heck of a style!

Thanks for being around...
-A.
  • #104
  • Aug 23, 2007 10:16am Aug 23, 2007 10:16am
Quoting howard
Going long when red line broken and 1hr closes above it, is it correct?
yep .............that is right
that means we need three conditions to be:-

1- the 1h candle must close over the trend
2- retreat from the trend....

do you know why ......???????????

because the trend which you see is the trend of 4h frame........not for 1h

we need that....

i couldnt sacrifice the 4h frame by 1h frame....

if the price didnt retreat.... leave your plan dont enter the market.....

it is better to leave your deal
  • #105
  • Aug 23, 2007 10:35am Aug 23, 2007 10:35am
Quoting apume
Hello Pipskidnapper,

Just trying to understand one thing here - do you base your trading on the indicators or is it purely based on the price action and the S/R, trendlines, etc.?

I believe we all have a lot to learn from your style - that sure is one heck of a style!

Thanks for being around...
-A.
the indicators are your mirrors in the market... not your mind ....
my tools you will find it in your pc.

moving average.........stochastic............ets

that means.....we need firstly use them then make our analyzation ....
  • #106
  • Aug 23, 2007 10:50am Aug 23, 2007 10:50am
Quoting pipskidnapper
yep .............that is right
that means we need three conditions to be:-

1- the 1h candle must close over the trend
2- retreat from the trend....

do you know why ......???????????

because the trend which you see is the trend of 4h frame........not for 1h

we need that....

i couldnt sacrifice the 4h frame by 1h frame....

if the price didnt retreat.... leave your plan dont enter the market.....

it is better to leave your deal
It might be very clear but still I want to see if I got it right:

1 You dont enter long after the 1H closing above the downwards trendline at the start of the next 1H candle, you are also wating for the next candle to go up then you have confirmation of a succesul breaking of the trendline.
2 you said there are 3 things that have to happen, what is the third?
  • #107
  • Aug 23, 2007 10:58am Aug 23, 2007 10:58am
we can see now what is happening on 1/2h frame.....
the trend of 4h frame was strong than price penetrates it....
so .... we have trend
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  • #108
  • Aug 23, 2007 11:09am Aug 23, 2007 11:09am
Quoting pipskidnapper
the indicators are your mirrors in the market... not your mind ....
my tools you will find it in your pc.

moving average.........stochastic............ets

that means.....we need firstly use them then make our analyzation ....
Awesome system pipskidnapper!!

I'm just wondering what your moving average is: simple, exponential, etc.; what the period is; and is it on the close, high, etc.?

Same for stoch. Are you changing anything on those?

Thank you for everything you have been teaching us!
  • #109
  • Aug 23, 2007 11:27am Aug 23, 2007 11:27am
Thanks for the advice, but I may come back to you with more questions


Quoting pipskidnapper
the indicators are your mirrors in the market... not your mind ....
my tools you will find it in your pc.

moving average.........stochastic............ets

that means.....we need firstly use them then make our analyzation ....
  • #110
  • Aug 23, 2007 11:36am Aug 23, 2007 11:36am
Quoting pipskidnapper
yep .............that is right
that means we need three conditions to be:-

1- the 1h candle must close over the trend
2- retreat from the trend....

do you know why ......???????????

because the trend which you see is the trend of 4h frame........not for 1h

we need that....

i couldnt sacrifice the 4h frame by 1h frame....

if the price didnt retreat.... leave your plan dont enter the market.....

it is better to leave your deal
The 1hr bar has now broken the red falling trend line and is moving away from the 4hr trend line, on close of this bar at 7:00pm GMT long trade should be taken.
Is this correct according to your analysis?
Regards
  • #111
  • Aug 23, 2007 11:43am Aug 23, 2007 11:43am
Quoting ovidiu
It might be very clear but still I want to see if I got it right:

1 You dont enter long after the 1H closing above the downwards trendline at the start of the next 1H candle, you are also wating for the next candle to go up then you have confirmation of a succesul breaking of the trendline.
2 you said there are 3 things that have to happen, what is the third?
According to his analysis I think the conditions are:

1- 1hr bar breaks the falling trend line
2- 1hr closes above the trend line
3- 1hr bar is rejected by the 4hr trend line

and we should enter on open of the next bar, I do not think there would be any more waiting.

Of course pips will correct me if the above is not right
Regards
  • #112
  • Aug 23, 2007 12:01pm Aug 23, 2007 12:01pm
Quoting howard
The 1hr bar has now broken the red falling trend line and is moving away from the 4hr trend line, on close of this bar at 7:00pm GMT long trade should be taken.
Is this correct according to your analysis?
1 hr did not close above the trendline
Regards
  • #113
  • Aug 23, 2007 12:58pm Aug 23, 2007 12:58pm
so....no trade yet
  • #114
  • Aug 23, 2007 1:31pm Aug 23, 2007 1:31pm
Quoting alcastro
so....no trade yet
to me it seems we have the trade, but maybe that I didn't draw the trendlines correctly
  • #115
  • Aug 23, 2007 1:34pm Aug 23, 2007 1:34pm
Quoting howard
According to his analysis I think the conditions are:

1- 1hr bar breaks the falling trend line
2- 1hr closes above the trend line
3- 1hr bar is rejected by the 4hr trend line

and we should enter on open of the next bar, I do not think there would be any more waiting.

Of course pips will correct me if the above is not right
thanks indeed..
  • #116
  • Aug 23, 2007 1:37pm Aug 23, 2007 1:37pm
Quoting apume
Thanks for the advice, but I may come back to you with more questions
you welcome
  • #117
  • Aug 23, 2007 1:38pm Aug 23, 2007 1:38pm
Quoting pipskidnapper
thanks indeed..
Ok, thank you both!
  • #118
  • Aug 23, 2007 1:50pm Aug 23, 2007 1:50pm
@ 1/2h the price retreated from the trend of 4h .....
but it is not enough.....we want to see that @ 4h frame to know where we are.....
the price @ 4h arrived a support level byt the candle didnt close yet...so we didnt enter long
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  • #119
  • Aug 23, 2007 1:54pm Aug 23, 2007 1:54pm
Quoting ovidiu
Ok, thank you both!
you too for your notice
  • #120
  • Aug 23, 2007 2:29pm Aug 23, 2007 2:29pm
if the present candle will close on the highest price of the past one.....
enter long...
the trgt 234.35 @ the open price of the bearish candle on the top
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