just wanted to show the volume for today's trading from 6am EDT to present time; note the yellow 10sma of the volume decreased to a low level and has held steady there for several hours to the pesent time.
Steve
Steve
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DislikedSure settings for T3 RSI ARE
RSI PERIOD 14
T3 PERIOD 8
T3 cultative 0.618
then go to imputs and add the 55 and 45 levels its all you need really.
Put the t3 to the color of your background you dont need it...
You could just use the regular RSI in metatrade add the rsi to 14 and add the 45-55 levels
Thanks
RogerIgnored
DislikedCD, blanca,
Recent posts bring up and interesting question for me, and one I have always struggled with. In relation to support lines, fibs, etc, what is a quantifiable way of determining a bounce/hesitation/break? Some are obvious, as I watched last night on the EUR/USD, around 11:00pm CST. The market had risen, then bounced around a bit, then dropped like a stone, barely pausing at the S1, and going straight to S2. Earlier in the evening, it stopped almost exactly at that S1 before that rally.
I completely understand that screen time is essential to getting a \"feel\" for the market, and speed, volatility, etc all come into play. I am just curious if anyone has a method that they use to guesstimate what price will/is doing once it reaches a level - looking for a 1-2-3 formation, a break of xx number of points, etc.
Great thread by the way....
SentinelIgnored
Dislikedi haven't read all of the pages yet, but i am assuming you guys are trading live with this system?Ignored
DislikedHello and good morning :-)
I've a question:
Can you give me this T3 RSI Indicator? I was looking for this mq4-file, but never found...
RonnyIgnored
DislikedYes live trading and there is a skype chat at present. CD is setting up a web chat so that more people can take part since the skype thing is loaded with people.
Check out the system and join us if it appeals to you. Plenty of pips available for the disciplined.
regardIgnored
DislikedI read 20 pages into it and it looks like a very good system.... I just funded my account with 1k so i hope to start gaining pips soon.
I have been demo trading with out any indicators but using support/resistance and candles to kind of feel which way things are going. It seems a bit like gambling right now with slightly higher chances then the casino.Ignored
DislikedThx for the advice but i just use the indicator which ignores sunday bar(attached).
I see now the mistake with the RSI , critical one and for something stupid
what is supposed to be the red line over the TRSI indicator?Ignored
DislikedI have an indicator that is called just \"T3\" (not use here), it looks like a moving average that is coded and you normally attach it to your candles, so in this case with the \"T3 RSI\" indicator, i suppose someone coded it so both appear on the RSI indicator.
So as mentioned in the last 2 pages of this thread, I think they started to only use a RSI (that comes with the standard MT4 platform) and not the T3 RSI - they set that to 8 or 14 (one person says 8 and later CD says 14) and add the levels (45, 55)at the indicator settings.
CD, please confirm - is it a RSI 8 or RSI 14. Even I'm confused now?Ignored
DislikedSure settings for T3 RSI ARE
RSI PERIOD 14
T3 PERIOD 8
T3 cultative 0.618
then go to imputs and add the 55 and 45 levels its all you need really.
Put the t3 to the color of your background you dont need it...
You could just use the regular RSI in metatrade add the rsi to 14 and add the 45-55 levels
Thanks
RogerIgnored
DislikedCanandian Dude...I'll do you a well earned favor and add the 'e' for you. Nice work.
Just finished skimming through this thread and ready to start over...
This was an important point that Sentinel brought up but I didn't see a response and I think Sentinel might have left the thread. Either way price action around daily pivots, s/r, Fib# on say a 1 hour time frame or 15 minute timeframe for that matter, sometimes turn on a dime and other times can have a range of 10, 20, 30, pips for that bar or just range for several price bars before deciding what to. This happens quite often and if you are looking at a 1 minute timeframe to trade off of a daily pivot, the entire range of that pivot can encompass your entire 1 min trade. Keep that in mind when using these s/r areas.
This brings up point number two, what Rosscub mentioned about looking at a longer timeframe, especially when price is approaching one of those numbers. Seeing the longer term trend is critical, even if it's 'only' the 5min or 15min. I'm heavily involved with Phillip Nel's Market Rhythm 4 Hour Strategy and in the back of my head (since I 'know' that thread) I can see all the way up to the 4 hour timeframe that when price is running on the 8, or comes back to the 21, this 1min entry could put a boatload of pips in the bank. The 1min might be too quick, so the 5min or 15min timeframe might be more suitable. Either way, if you have a reliable longer term strategy that you have used to identify the trend and can narrow it down with this method to make entries along the way in the direction of the longer term trend.....you've made it.
I agree 100% to keep the bigger picture in mind and don't get tunnel vision on just the 1 minute charts...
Time is the most valuable commodity.Ignored
Dislikedthanks man its like magic ----please tray to use (gaan hilo activator v2) insted of hieken ashiIgnored
FX PRIME TIP OF THE DAY
**VERY IMPORTANT**
NEVER TRADE AGAINST THE 5 MIN TREND, IF ITS TRENDING DOWN AND ITS GIVING YOU AN UP SIGNAL DONT TAKE IT ITS A RETRACEMENT WHEN IT COMES DOWN AGAIN TAKE THE SIGNAL. LOOK FOR LOWER LOWS AND HIGHER HIGHS...
Always take a glance at the 5 min chart for direction!!
Happy trading!
Roger