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  • #121
  • Edited 3:39pm Nov 27, 2007 3:29pm | Edited 3:39pm
Quoting kenmania
Looking at historical crosses in Metatrader, MAs, Stoch, RSI, whatever is deceiving. If the bar is already closed it can show a different picture than while the bar was still active.

In other words, crossed indicators on the current bar can always uncross.

It's also what makes backtesting of MA cross systems so difficult.

This system shouldn't be deceiving in they way you describe.
I believe Harold waits for the bar to close before entering a trade.
With a MA, when the bar closes, it's either crossed or it's not.
The same goes for RSI and stochastic.
  • #122
  • Nov 27, 2007 3:38pm Nov 27, 2007 3:38pm
i disagree these indicators dont repaint if candle closes you can see value of indicators also since we have time before candle close we can see setup happening just like this signal that happened an hour or 2 ago whoops thanks bill didnt know you answered
  • #123
  • Nov 27, 2007 4:26pm Nov 27, 2007 4:26pm
only signal for tomorrow is gbpusd or if anyone trades eurcad theres a long one too
  • #124
  • Nov 27, 2007 4:26pm Nov 27, 2007 4:26pm
Harold4x:

I think I have to re-ask my question from earlier. When you get your signal on the daily chart, lets say Nov 7th and a sellsignal. You look for sells in the 1H starting Nov 8th. BUT for how long do you look for sellsignals in the 1H, only Nov 8th or do we, as I guess, continue looking for sells untill we get, lets say a buysignal in daily on Nov 26th, or is it until stoch or RSI turns in daily? Hope you understand me better this time.
  • #125
  • Nov 27, 2007 4:54pm Nov 27, 2007 4:54pm
when we get a sell signal on say nov 7 we look for sells on nov 8 when the daily candle of nov 8 closes we look to see if there is a signal for nov 9 sometimes there is and sometimes there isnt it depends what happens. maybe the stoc closed up leaving us with no signal by waiting to get the 3 indicators to line up on daily and trading next day has kept me out of a lot of false signals look at daily chart of gbpusd on 11/12 we have a signal to sell next day all 3 indicators lined up but the daily candle on 11/13 showed the rsi crossed back up meaning no trade on 11/14 but on close of 11/14 we have a sell again for 11/15 i hope you understand
  • #126
  • Nov 27, 2007 5:13pm Nov 27, 2007 5:13pm
Quoting harold4x
when we get a sell signal on say nov 7 we look for sells on nov 8 when the daily candle of nov 8 closes we look to see if there is a signal for nov 9 sometimes there is and sometimes there isnt it depends what happens. maybe the stoc closed up leaving us with no signal by waiting to get the 3 indicators to line up on daily and trading next day has kept me out of a lot of false signals look at daily chart of gbpusd on 11/12 we have a signal to sell next day all 3 indicators lined up but the daily candle on 11/13 showed the rsi crossed back up meaning no trade on 11/14 but on close of 11/14 we have a sell again for 11/15 i hope you understand
Thank you so much for this clarification, this was the answer I wanted.
  • #127
  • Nov 27, 2007 5:23pm Nov 27, 2007 5:23pm
Good morning all! Thanks Harold for explaining your method in details again. I think I have understood it well at this point and will definitely look out for the correct signals hereafter.
  • #128
  • Nov 27, 2007 5:26pm Nov 27, 2007 5:26pm
no problem frank hey anyone trade the eurcad pair i am looking to addit to my list very nice movement that seems equal to gbpjpy
  • #129
  • Nov 27, 2007 5:42pm Nov 27, 2007 5:42pm
if nothing major happens in the next 20 minutes the only signal for tomorrow is gbpusd longs
  • #130
  • Nov 28, 2007 12:33am Nov 28, 2007 12:33am
Anyone see the buy on GU coming up top of the hour if candle closes as per trade rules?
  • #131
  • Nov 28, 2007 12:47am Nov 28, 2007 12:47am
i see it...waiting for the candle to close
  • #132
  • Nov 28, 2007 12:52am Nov 28, 2007 12:52am
Quoting jku
Anyone see the buy on GU coming up top of the hour if candle closes as per trade rules?
The previous candle MA did not cross and RSI was below 50.
The current candle looks good but I will wait for the candle to close and confirm that.
Attached Image (click to enlarge)
Click to Enlarge Name: GU2.GIF Size: 26 KB
Attached Image
  • #133
  • Nov 28, 2007 1:03am Nov 28, 2007 1:03am
morning all
g/u never crossed the rsi, also its bang on the middle BB line, I find this is good for res/sup, will now wait until next bar
still have a long open from yesterday @ 2.0706
  • #134
  • Nov 28, 2007 1:26am Nov 28, 2007 1:26am
a/u may look good on the close of this bar
  • #135
  • Nov 28, 2007 1:39am Nov 28, 2007 1:39am
croeses, yet again i can't see the stoc giving a signal on AU daily, the lines just coincide and that indicates a no sell for ysterday. maybe u agian knw something i don't, pls enlighten me.

thanks.
  • #136
  • Nov 28, 2007 1:44am Nov 28, 2007 1:44am
jku
a/u daily
market is below the MA, RSI below 50 and the shoc`s are at the bottom which still havent turned up yet
1hr, if it opens below the MA and RSI stays below 50, I will be short
  • #137
  • Nov 28, 2007 2:02am Nov 28, 2007 2:02am
short a/u @ 8739
long u/c @ 9967
  • #138
  • Nov 28, 2007 3:03am Nov 28, 2007 3:03am
closed u/c + 21
ISMA 90 level, market top of BB

forgot to post earlier g/u closed out @ -75
  • #139
  • Nov 28, 2007 6:35am Nov 28, 2007 6:35am
it got very close to a buy this morning but the rsi kept us out of trade thankfully
  • #140
  • Nov 28, 2007 7:01am Nov 28, 2007 7:01am
maybe after news if its usd bad will move gbp in upward direction i am glad news starts at 830 so i dont have to get involved with it only thing to worry is if it is a big spike up this is why i like 1 hr charts i dont have to be glued to computer when i am not in a trade
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