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GBP/USD or EUR/JPY or.... Whatever's moving!!

  • #281
  • May 22, 2008 4:56pm May 22, 2008 4:56pm
Quoting hard1head1
11 MA Smoothed close
21 MA Smoothed close
89 MA Smoothed high
89 MA Smoothed low
89 MA Smoothed close

And any set of Daily pivot points will do

Jim
here ya go
Attached File(s)
File Type: mq4 Pivots_Daily.mq4   17 KB | 338 downloads
File Type: mq4 Pivots_Weekly.mq4   7 KB | 319 downloads
File Type: mq4 Pivots_Monthly.mq4   7 KB | 324 downloads
File Type: mq4 Pivots_Daily_Median.mq4   16 KB | 317 downloads
File Type: mq4 Pivots_Monthly_Median.mq4   6 KB | 320 downloads
File Type: mq4 Pivots_Weekly_Median.mq4   6 KB | 305 downloads
Don't chase the market, Let the market come to you
  • #282
  • May 22, 2008 5:25pm May 22, 2008 5:25pm
Sometimes I take trades early here, but I stress the safer entries for the newbys. The safe entry for the EUR/USD has not been established yet as we are not above the 89, however, I am in because of the 00 level and the double bottom. Main rule for newbys is never short above the 89 and DPP and never long below.


Quoting Doose
I didnt take it but I made a buy on paper to test myself with the system (now that I am using the proper tools with your smoothy method) and I see I wud be up 21 pips.

Now its right under the 89.....I wont anticipate if it'll cross but I am watching it..
  • #283
  • May 22, 2008 6:01pm May 22, 2008 6:01pm
I have checked out the larger T/F's and if you look you can see that Fib levels work on any time frames. This baby took an about face at the 61.8% Fib level and I am sure that once it gets by the DPP we could see at least a double top or maybe another new high.
Attached Image (click to enlarge)
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  • #284
  • May 22, 2008 7:08pm May 22, 2008 7:08pm
Quoting hard1head1
Sometimes I take trades early here, but I stress the safer entries for the newbys. The safe entry for the EUR/USD has not been established yet as we are not above the 89, however, I am in because of the 00 level and the double bottom. Main rule for newbys is never short above the 89 and DPP and never long below.
Well as a newbie I'll stick to "safe entry" for the time being.

I am going home now, its 7pm so in 3 -4 hr I'll be back, l8r.

TMAC I may inquire how to get those daily and weekly pivots implemented on MT4.
  • #285
  • May 22, 2008 9:00pm May 22, 2008 9:00pm
Hey H1H1. First of all i would like to appreciate such a simple but powerful technique. I have been following this thread for last 3-4 days and i like what i see.


OK still trying to grasp stuff here.. Do we have a EUR/CHF long setting up here?
  • #286
  • May 22, 2008 10:02pm May 22, 2008 10:02pm
Also USD/CAD long.
  • #287
  • May 22, 2008 10:03pm May 22, 2008 10:03pm
Quoting ffbk
Also USD/CAD long.
entry point?
SL?
TP?

these are all part of making a trade call

I dont trade that pair but to those that do give a complete call
Don't chase the market, Let the market come to you
  • #288
  • May 22, 2008 10:15pm May 22, 2008 10:15pm
Quoting Tmac
entry point?
SL?
TP?

these are all part of making a trade call

I dont trade that pair but to those that do give a complete call
Sorry i didnt mention those. I am just following the method mentioned in this thread on 5 min and now that 21 and 11 are over 89 i would say that SL will be just below 89 right? That would be just below 0.9845 or so.

And i like the idea of riding with the pair since i expect it to keep going up for a while. Looking for target over 1 but would instead follow by moving SL as 89 moves up.
  • #289
  • May 23, 2008 12:11am May 23, 2008 12:11am
Negative divrergance on the 15M T/F!? Could be going down soon to the DPP
Attached Image (click to enlarge)
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  • #290
  • May 23, 2008 12:15am May 23, 2008 12:15am
Quoting Runway Trade
Negative divrergance on the 15M T/F!? Could be going down soon to the DPP
In my opinion, that macd is showing consolidation before the next big run up.
  • #291
  • May 23, 2008 12:15am May 23, 2008 12:15am
Amasing that the Yen pairs graphs all look the same the last couple days!!
Attached Image(s) (click to enlarge)
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  • #292
  • May 23, 2008 1:47am May 23, 2008 1:47am
Downward crossing of 11 over 21 on 5m. Just touched the 89sma. If it breaks trough remember it sould come and test it again before we get a proper move down. Ill be adding to my shorts once it test the bottom side of the 89.
  • #293
  • May 23, 2008 2:34am May 23, 2008 2:34am
Quoting Runway Trade
Downward crossing of 11 over 21 on 5m. Just touched the 89sma. If it breaks trough remember it sould come and test it again before we get a proper move down. Ill be adding to my shorts once it test the bottom side of the 89.
Now testing bottom of 5M 89sma if it holds we are going down!
  • #294
  • May 23, 2008 2:47am May 23, 2008 2:47am
Quoting Runway Trade
Now testing bottom of 5M 89sma if it holds we are going down!
Short at 163.45 First stop DPP but I think we are in for a ride to S1 and maybe to the outer trend line (OTL) 161.80 but may not reach there today. Depends on news in 15min. S/L behind 89
  • #295
  • May 23, 2008 3:00am May 23, 2008 3:00am
Quoting Runway Trade
Short at 163.45 First stop DPP but I think we are in for a ride to S1 and maybe to the outer trend line (OTL) 161.80 but may not reach there today. Depends on news in 15min. S/L behind 89
touched DPP lets hope news can break it
  • #296
  • May 23, 2008 3:04am May 23, 2008 3:04am
Quoting Runway Trade
touched DPP lets hope news can break it
News as predicted. Now testing 15M 89sma. sold half of lots. (my personal MM, sell half after first 30 pips leave the other have to run it coarse with S/L now at +5) will sell other half if we get a clear turnaround signal.
  • #297
  • May 23, 2008 4:42am May 23, 2008 4:42am
Nice job RT, its a winner

Quoting Runway Trade
News as predicted. Now testing 15M 89sma. sold half of lots. (my personal MM, sell half after first 30 pips leave the other have to run it coarse with S/L now at +5) will sell other half if we get a clear turnaround signal.
  • #298
  • May 23, 2008 4:48am May 23, 2008 4:48am
Check out the 4 candle evening star on the 4 Hr and the 1 Hr shows a nice set of Tweezer Tops. And if you look at the Daily, you will see a nice huge bearish engulfing formation taking shape.
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  • #299
  • May 23, 2008 4:51am May 23, 2008 4:51am
I want to apologise for not being here all the time as I have a handicapped boy and I need to work to make some money to take care of him whils my accounts growing. That is why I sent emails asking for help in this thread. Besides, it looks like RT has this thing down pat.

Jim
  • #300
  • May 23, 2008 4:55am May 23, 2008 4:55am
Quoting Runway Trade
Short at 163.45 First stop DPP but I think we are in for a ride to S1 and maybe to the outer trend line (OTL) 161.80 but may not reach there today. Depends on news in 15min. S/L behind 89
S1 reached!!! NO idea how far it could drop S2? Just touched the 89 sma on 1H if it breaks maybe the red trendline. Took some more profit at +80. 1 more mini lot left will see where it goes
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