Imran,
do you use the 1min charts anymore? What would be the correct setting for the Laguerres?
do you use the 1min charts anymore? What would be the correct setting for the Laguerres?
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DislikedHi....can anyone provide me with the indicator or the way by which i can have both Laguerre 1 and Laguerre 2 in the same window.....thanks...Ignored
DislikedA question for the veterans who use this system often.
There were two similar triggered trades yesterday and today. They were both Sell trades, triggered after a rally. The Lags were both very similar in their positions and in both cases they were "counter-trend" if you look at the EMAs, in both cases the price was about the Daily Pivot.
Can anyone point me a reason / reasons for the first trade being successful, while the second unsuccessful (stop loss hit), apart from the fact that the second one was triggered after the 60EMA had crossed the 200EMA?
ThanksIgnored
DislikedHi FxDiva,
So nice to hear from you The 3000 pip drop is from the head straight down to the neck line. In the days or weeks to come, if the price breaks through the neck line, that would be the point at which we would project 3000 pips down.
The Tom Demark price projection based off of the break of the daily support trend line would be 1830 pips. I've attached a chart depicting this along with an ABCD potential downtrend continuation pattern. We have to monitor the daily support and resistance trend lines when we're trading to know where we're at in the big picture. So far Gbp/Jpy has not been able to close above the daily resistance trend line since Nov. 7th. Resistance now holding around the 228.00 - 228.20 area.
Hope this answered your question. Have a great day!!.....T-WolfIgnored
DislikedNo, I missed it. I'm waiting for some reversal sign to go short again or at least a pull back to get in long.
That makes sense. So should I assume that if the Lag2 is going up on other time frames, it'll probably "push" the price in the 5min up as well? Do you look more to the Lag2 in this case, or Lag1 can be used too?
Thanks!Ignored
DislikedHi Imran,
Was just reading your method...had a doubt...for Laugerre 1 and Laugerre 2 the settings are 0.60 and 0.80...and i just downloaded this indicator where i get both lag 1 and 2 together....the settings were different....can u plz clarify...thanksIgnored
DislikedA question for the veterans who use this system often.
There were two similar triggered trades yesterday and today. They were both Sell trades, triggered after a rally. The Lags were both very similar in their positions and in both cases they were "counter-trend" if you look at the EMAs, in both cases the price was about the Daily Pivot.
Can anyone point me a reason / reasons for the first trade being successful, while the second unsuccessful (stop loss hit), apart from the fact that the second one was triggered after the 60EMA had crossed the 200EMA?
ThanksIgnored
DislikedI'm hoping that Chandra's soon to be released LISPA2 will also check the StochHistogram, and MACD along with the LAG's before giving it's Indicator...Ignored
DislikedYes, it did. Is that an indicator that you're using? I would would like to play with it if you don't mind sharing?
Thank you and happy pipping.Ignored
DislikedHi Vagyok,
Yes, LISPA2 will have the StochHistogram and MACD filters in it. While using it, one need not have to bother about these two (will reduce our work/mistakes!).
chandraIgnored
DislikedFor those of you who like me look trade gbpjpy, heres an interesting bit of food for thought which was on another thread in the form
http://www.pfxglobal.com/index.php?o...280&Itemid=188Ignored
DislikedYes, it did. Is that an indicator that you're using? I would would like to play with it if you don't mind sharing?
Thank you and happy pipping.Ignored
DislikedHi Thunderwolf, does the asian and european markets have any bearing on the pairs during there trading sessions?
Thanks,
ChrisIgnored