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  • #181
  • Sep 1, 2008 11:14am Sep 1, 2008 11:14am
I agree 100% with Simpleforex , the Gap may get filled on GJ.
  • #182
  • Sep 1, 2008 11:35am Sep 1, 2008 11:35am
Im Indian too from Bombay
  • #183
  • Sep 1, 2008 2:19pm Sep 1, 2008 2:19pm
Guys....Lots of oppourtunities in EU, GJ, GU in this month if you hold short..Go with only weekly charts...keep your SL above 500...

EU should go below 140 below mark this month
  • #184
  • Sep 1, 2008 6:32pm Sep 1, 2008 6:32pm
GBPUSD New Target 1.7049
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 11 KB
  • #185
  • Sep 1, 2008 6:35pm Sep 1, 2008 6:35pm
Quoting spiderforex
Guys....Lots of oppourtunities in EU, GJ, GU in this month if you hold short..Go with only weekly charts...keep your SL above 500...

EU should go below 140 below mark this month
The new modified version of bullshit indicator gives a better stop loss level in the form of lionstail, this is the reversal point, on the timneframe you choose.
  • #186
  • Sep 1, 2008 11:01pm Sep 1, 2008 11:01pm
USDCAD

If the current resistance at 1.0740 is taken out then long for 1.1782, else we drop back to 0.9056

Since usdcad is related to oil, only an oil price hike can make it drop.

This chart is for 84 months.
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.gif Size: 12 KB
  • #187
  • Sep 2, 2008 1:17am Sep 2, 2008 1:17am
Quoting forexlion
The new modified version of bullshit indicator gives a better stop loss level in the form of lionstail, this is the reversal point, on the timneframe you choose.
Thanks..I will check it out...I'm trading mostly in the patterns....so any stop is ok..as long as it does not hit back on spikes..
  • #188
  • Sep 2, 2008 1:26am Sep 2, 2008 1:26am
Quoting forexlion
GBPUSD New Target 1.7049

do you think CABLE will close the gap first before continue heading south to 1.7049?
  • #189
  • Sep 2, 2008 3:08am Sep 2, 2008 3:08am
Quoting forexlion
USDCAD

If the current resistance at 1.0740 is taken out then long for 1.1782, else we drop back to 0.9056

Since usdcad is related to oil, only an oil price hike can make it drop.

This chart is for 84 months.
Do you mean that once it crosses 1.0740 it will go straight to 1.1782 without taking a dive first to lower levels lke for example 1.000?Thanks
  • #190
  • Sep 2, 2008 3:53am Sep 2, 2008 3:53am
Quoting forexlion
Added one more parameter to the bullshit indicator the LionsTail

this is the stop loss level on the current timeframe for the current candle for the trade given by the bullshit indicator, beyond this the trend will reverse.

I felt the need for this based on necessity to keep an exit avenue should things go wrong.

So far, bullshit has given me 99% green trades. One of the best indicators that i have written so far.
Hi ForexLion !

First of all thank you very much for your effort
Regarding your BS indicator you mentioned "99% green trades"
Could you explain this in more detail ?
By the way could you add a signal alert (Sound / E-Mail) wenn BS
is changing direction ?

Thanks again and happy trading

Bernhard
  • #191
  • Sep 2, 2008 4:01am Sep 2, 2008 4:01am
Quoting behof
Hi ForexLion !

First of all thank you very much for your effort
Regarding your BS indicator you mentioned "99% green trades"
Could you explain this in more detail ?
By the way could you add a signal alert (Sound / E-Mail) wenn BS
is changing direction ?

Thanks again and happy trading

Bernhard
it would be also useful to know the cross and the timeframe it works the best
  • #192
  • Sep 2, 2008 4:16am Sep 2, 2008 4:16am
bullshit is a trend catching indicator, so it can work on any timeframe.

since we all believe in following stronger trends, so naturally it means higher timeframes.

best would be, when atleast 3 lower timeframes agree on direction.
  • #193
  • Sep 2, 2008 5:03am Sep 2, 2008 5:03am
Quoting forexlion
bullshit is a trend catching indicator, so it can work on any timeframe.

since we all believe in following stronger trends, so naturally it means higher timeframes.

best would be, when atleast 3 lower timeframes agree on direction.
Thanks for your post,
is the bullshit indicator updating while the candle is forming?
What the numbers represent?
  • #194
  • Sep 2, 2008 8:44am Sep 2, 2008 8:44am
bullshit is always for the current candle.

the numbers are just for guidance,

read the entire thread on how to use bullshit
  • #195
  • Sep 2, 2008 3:52pm Sep 2, 2008 3:52pm
Quoting forexlion
bullshit is always for the current candle.

the numbers are just for guidance,

read the entire thread on how to use bullshit
Thank you for your answer, I have a request:

could you please modify this indicator so it will mark the candle when there was a trend reversal in the past?

This will make possible to see how fresh and warm it is the current candle trend
  • #196
  • Sep 2, 2008 9:52pm Sep 2, 2008 9:52pm
Avoid Gj Longs Below 196 And Shorts Above 192.54
  • #197
  • Sep 2, 2008 10:08pm Sep 2, 2008 10:08pm
Quoting Simpleforex
Hello brothers ,
this one looks to me quite simple
i am waiting for a monthly close on this one to enter short
what do u think?
Hi, where you downloaded Metatrader from, mine shows NZDJPY only starting Aug 2005, yours go way back to 1999, which is better
Thank you!
Once A Trader Always A Trader.
  • #198
  • Sep 2, 2008 10:09pm Sep 2, 2008 10:09pm
Quoting forexlion
Avoid Gj Longs Below 196 And Shorts Above 192.54
So in other words, don't place a trade between 192.54 and 196.00??

  • #199
  • Sep 2, 2008 11:52pm Sep 2, 2008 11:52pm
Quoting AmeriTrini
So in other words, don't place a trade between 192.54 and 196.00??

exactly, unless you are catching small fish.
  • #200
  • Sep 3, 2008 12:11am Sep 3, 2008 12:11am
I have received a warning from the moderator as if i am promoting something.

For this reason, kindly consider this as my last post on forexfactory.

I never intended to promote anything, nor do I ever do such things, it was a direct insult to me.
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