Do you use 200 ema on say on each of 15min, 1hour and 4 hour charts?
yes. sort of
in fact I use 200 and 800 on the one hour which is my set up chart
the 800 is very close to the 200 on the 4 hour chart right.
then I move to the 15 min chart
teb
- #361
- Apr 14, 2008 6:40am Apr 14, 2008 6:40am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
yes. sort of
in fact I use 200 and 800 on the one hour which is my set up chart
the 800 is very close to the 200 on the 4 hour chart right.
then I move to the 15 min chart
teb
- #363
- Apr 14, 2008 7:02am Apr 14, 2008 7:02am
- | Commercial User | Joined Nov 2007 | 1,079 Posts
What are the 3 timeframes that you are using for this set up on cable?
Is it monthly, weekly and daily?
Thanks
Rob
- #364
- Apr 14, 2008 7:05am Apr 14, 2008 7:05am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
TEB,
What are the 3 timeframes that you are using for this set up on cable?
Is it monthly, weekly and daily?
Thanks
Rob
month week day
TEB
- #365
- Apr 14, 2008 7:13am Apr 14, 2008 7:13am
- | Commercial User | Joined Nov 2007 | 1,079 Posts
month week day
TEB
When you state "MUST CLOSE OVER" on your chart, are you saying that the daily candle must close above the trigger line? - in which case you would go long tomorrow (or something else)
Thanks
Rob
- #366
- Apr 14, 2008 7:18am Apr 14, 2008 7:18am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Thanks TEB.
When you state "MUST CLOSE OVER" on your chart, are you saying that the daily candle must close above the trigger line? - in which case you would go long tomorrow (or something else)
Thanks
Rob
...in fact at 5pm est today that is when my day candle closes.
cheers
teb
- #367
- Apr 14, 2008 7:24am Apr 14, 2008 7:24am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Cable 4 hour chart
but we will have to break this area 1st to get a big move
... I think we will but who knows
notice how the 200 ema is keeping us down it bounce right off it
teb
- #368
- Apr 14, 2008 7:30am Apr 14, 2008 7:30am
- | Commercial User | Joined Nov 2007 | 1,079 Posts
Attachment
but we will have to break this area 1st to get a big move
... I think we will but who knows
notice how the 200 ema is keeping us down it bounce right off it
teb
Interesting observation about the 200 ema too.
Rob
- #369
- Apr 14, 2008 3:15pm Apr 14, 2008 3:15pm
I am wondering what others are doing with this system?
anyone adding to it ...
seen any interesting things or patterns etc
teb
I like looking for divergance and since we are essentially going with the Trend, we are firstly looking for a hidden divergence (HD). That means for anyone who doesnt know that in an up trend price makes a higher lows and an indicator makes lower lows / down trend price makes lower highs but an indicator makes a higher highs. I've found looking for a hidden divergance in the middle time frame as confirmation, then drop down and look for standard divergance together with 1,2,3. So if trading weekly,daily,4hr - look for HD in the Daily. I like the 14 CCI (ignore the woodies stuff on it) but you can use most indicators - See recent trade examples enclosed.
Regards
Red
- #372
- Apr 14, 2008 3:36pm Apr 14, 2008 3:36pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
I like AO better but its person choice
TEB
- #375
- Apr 15, 2008 12:45am Apr 15, 2008 12:45am
yes. sort of
in fact I use 200 and 800 on the one hour which is my set up chart
the 800 is very close to the 200 on the 4 hour chart right.
then I move to the 15 min chart
teb
- #379
- Apr 15, 2008 2:40pm Apr 15, 2008 2:40pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Teb,
What will you do now with the cable?
Thank
from going short at 1.9649, according to his previous chart.Nice TEB.
What's the 1st target?
Jim
Indicators show the past. Price Action "Indicates" the future.