To Live is the rarest thing in the world , Most people exist , that is all
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #16,401
- Aug 27, 2007 9:35pm Aug 27, 2007 9:35pm
- | Joined Aug 2007 | Status: Senior Member | 1,798 Posts
- #16,402
- Aug 27, 2007 9:37pm Aug 27, 2007 9:37pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
Aus,
I think I might be understanding this retractment thing. The reason there is not a 4hr retractment due during the 4 hr. candle is because the momentum on the 4 hr. chart was pointing down at the beginning of the current candle. If the 4 hr momentum where to be pointing up at the beginning of the next candle there could be a chance of a retractment to the 5 sma on the 4 hr TF? I am assuming the same is true on other time frames as far as determing when a retractment is due during a given time frame. Is this basically correct? I am sure you are looking at more factors than this but I am trying to get down the basics.
) sometimes with Mt4, the momentum indicator changes it's angle with the price action and that gives you a signal too. But all the strong retracements come after the strong angle @ the very begging of the candle. great observation.
- #16,404
- Aug 27, 2007 9:44pm Aug 27, 2007 9:44pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
Aus,
I think I might be understanding this retractment thing. The reason there is not a 4hr retractment due during the 4 hr. candle is because the momentum on the 4 hr. chart was pointing down at the beginning of the current candle. If the 4 hr momentum where to be pointing up at the beginning of the next candle there could be a chance of a retractment to the 5 sma on the 4 hr TF? I am assuming the same is true on other time frames as far as determing when a retractment is due during a given time frame. Is this basically correct? I am sure you are looking at more factors than this but I am trying to get down the basics.
Different traders can interpret retacemants as trend lines hits etc etc.. I dont believe in trend lines.. There are retracemnts from 1min to 1year.. Last rally we saw upto 235.36 was just the weekly 5sma retracemnts. Thats why I was never comfortable going long during that rally. Now what we are seeing is the daily 5sma retracemnt.. If we pass through the daily 5sma retracemnt then there are no retracemts down to the months low.. So thats a free fall
- #16,407
- Aug 27, 2007 9:58pm Aug 27, 2007 9:58pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
this is my computer mate.. My Grandma gave it to me on my 10th birthday.. I use this for VT charts 
- #16,408
- Aug 27, 2007 10:03pm Aug 27, 2007 10:03pm
this is my computer mate.. My Grandma gave it to me on my 10th birthday.. I use this for VT charts
You're the best Aus... When u don't need that computer anymore, just send it my way... Man, the market is so dead right now...like its asleep until london...
- #16,409
- Aug 27, 2007 10:04pm Aug 27, 2007 10:04pm
- Joined Nov 2006 | Status: Trader | 3,112 Posts
this is my computer mate.. My Grandma gave it to me on my 10th birthday.. I use this for VT charts
First computer I used. Mine didn't have one of those fancy floppy drives. Tape deck baby!!!
http://farm2.static.flickr.com/1233/...957d1f3d_o.jpg
- #16,410
- Aug 27, 2007 10:09pm Aug 27, 2007 10:09pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- #16,411
- Aug 27, 2007 10:10pm Aug 27, 2007 10:10pm
- | Commercial User | Joined Jun 2007 | 3,549 Posts
this is my computer mate.. My Grandma gave it to me on my 10th birthday.. I use this for VT charts
- #16,412
- Aug 27, 2007 10:12pm Aug 27, 2007 10:12pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
Just a suggestion .. or a reminder..
Even after if Aus has released his techniques of how to do the scalping. Please do it first on demo account until you are comfortable with. Scalping can be very rewarding but at the same time can draw down your account drastically and quick. Not all of us, have trading skills level same as Aus'. Just hope Aus can be patience to guide us thoroughly .. thanks man
Just be very careful, if am not mistaken, there are rules that have to follow strictly. Can not be bent and must have quick entry and exit capability.
Ok, just my 2 cents. Hope it isn't sounds scary, but that is the rule to trade profitably in scalping.
Thanks.
Michael
Even after if Aus has released his techniques of how to do the scalping. Please do it first on demo account until you are comfortable with. Scalping can be very rewarding but at the same time can draw down your account drastically and quick. Not all of us, have trading skills level same as Aus'. Just hope Aus can be patience to guide us thoroughly .. thanks man
Just be very careful, if am not mistaken, there are rules that have to follow strictly. Can not be bent and must have quick entry and exit capability.
Ok, just my 2 cents. Hope it isn't sounds scary, but that is the rule to trade profitably in scalping.
Thanks.
Michael
- #16,413
- Aug 27, 2007 10:13pm Aug 27, 2007 10:13pm
- | Commercial User | Joined Jun 2007 | 3,549 Posts
First computer I used. Mine didn't have one of those fancy floppy drives. Tape deck baby!!!
http://farm2.static.flickr.com/1233/...957d1f3d_o.jpg
is that what your ATARI playstation looked like??
- #16,414
- Aug 27, 2007 10:15pm Aug 27, 2007 10:15pm
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
im sending u one of these:
- #16,415
- Aug 27, 2007 10:17pm Aug 27, 2007 10:17pm
- | Commercial User | Joined Jun 2007 | 3,549 Posts
Wow..Is that shock proof??.. Because I usually kick my computer atleast twice a day
lol
chk:
http://arstechnica.com/news.ars/post...op-at-idf.html
- #16,418
- Aug 27, 2007 10:19pm Aug 27, 2007 10:19pm
Can someone please tell me how to get the QQE and TFT indicators into the MT4 platform? I am using Interbankfx and I don't see those indicators on their platform. Thanks.
Welcome to the club mate. You better check this thread for the basics and the indicators... http://www.forexfactory.com/showthread.php?t=41509
- #16,419
- Aug 27, 2007 10:21pm Aug 27, 2007 10:21pm
- Joined Nov 2006 | Status: Trader | 3,112 Posts
is that what your ATARI playstation looked like??
http://farm2.static.flickr.com/1300/...d1e72d78_o.jpg