also keep a watch for the bounce from the 200 EMA, it is repelling prices up, if this breaks convincngly, we may get to see 235.40 very soon, i would expect 235.70 area to give some support
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Dislikedthe charts tell the story...it was trying to break the 236.55 resistance but could not as it did not have the power, it will range within a 50-60 pip range till US news and then we may see a breakout more profoundly.
watch how this trendline now acts as resistance as price tries to go above itIgnored
DislikedThanks for responding so quickly. I see exactly what your saying! Good call!Ignored
DislikedHi Imran,
Could you please look at the attached chart?
My question is - I have made 3 circles in light blue color... The RED Leg is always lagging the BLUE Leg and I understand you say that both Legs should be pointing in the same direction - so do these marked points not make for a good trade call?
Most of the times I am seeing this kind of lagging behavior on the 2nd Leg indicator... because of which all signals look inappropriate to me... please help.
Thanks,
-A.Ignored
DislikedHello Apume,
I was looking over your chart and curious to know two things, how did you apply both Lag #1 and #2 to show up on one chart and also the circles.
ThanksIgnored
DislikedJust my opinion
i think you have to take the trade with the laguerre1 or the blue color line. first circle take trade on bleu wait for red ( laguerre 2 )to follow untill red turns to the dotted line where you close the trade by selling (second circle)
thirt circle idem .
but who can give a better answer then the master himself?Ignored
DislikedJust my opinion
i think you have to take the trade with the laguerre1 or the blue color line. first circle take trade on bleu wait for red ( laguerre 2 )to follow untill red turns to the dotted line where you close the trade by selling (second circle)
thirt circle idem .
but who can give a better answer then the master himself?Ignored
DislikedHello Apume,
I was looking over your chart and curious to know two things, how did you apply both Lag #1 and #2 to show up on one chart and also the circles.
ThanksIgnored
DislikedSure, I understand what you are saying - but in the last few posts, Imran has said that both the Legs should be trending in the same direction and I do not see that happening most of the times... so I am kinda not sure of when to pull the trigger - which is what I wanted to confirm with Imran.
Sure, you do see both trending in the same direction way after the entry point has passed, but not before... help needed .
Thanks,
-A.Ignored
Dislikedblue for entry, red for exit.
if red comes shortly AFTER blue, then red is kinda for confirmation.
take profit at key levels. you dont always have to wait for the red exit signal to take all profit. the 'next' entry signal is not neccessarily for 'reversal'.
in trending mkt stick w the main trend.Ignored
DislikedHi Imran,
Could you please look at the attached chart?
My question is - I have made 3 circles in light blue color... The RED Leg is always lagging the BLUE Leg and I understand you say that both Legs should be pointing in the same direction - so do these marked points not make for a good trade call?
Most of the times I am seeing this kind of lagging behavior on the 2nd Leg indicator... because of which all signals look inappropriate to me... please help.
Thanks,
-A.Ignored
DislikedMTF lag may be useful with this system to help quide the 1 minute chart.
Please post MTF lag if you have one. Message for everyone.Ignored
DislikedHi All,
I have made a form of Laguerre which can plot two lines by itself. The second line is set to plot higher timeframe Laguerre, but it can be changed to plot same timeframe line with different gamma setting. The Input data are (for Laguerre2.ex4 which has the MTF plotter; this is exactly what I am checking):
gamma1=0.6; (gamma for first line, which uses the chart timeframe)
gamma2=0.0; (when zero, uses same gamma as the first line)
MaxBars=950; (Does the calculation for last 950 bars, at the start)
TimeFrame2=0; (timeframe for second line; when zero, uses the next higher timeframe)
(the levels are drawn at 0.15, 0.50, 0.85)
The file Laguerre2A.ex4 has the Imran's settings as default as shown below (it does not have MTF plotting option because I simplified the calculations):
gamma1=0.55;
gamma2=0.85;
MaxBars=950;
(the levels are drawn at 0.15, 0.45, 0.85)
I hope it will be useful for some users. I also wish to thank Imran for sharing his very good method.
CAUTION: When using MTF line, the last few bars' (not just last bar) values will change because last few bars will belong to a single bar in the higher timeframe. For example, if you are looking at 14 min in 1 min chart, all 10-14 bars values will change together (and if you saw some signal at 12 min, it may disappear at the end of 14 min or before!, but that will happen if you used the higher timeframe chart also).
Regards,
chandraIgnored