Jean Claude Trichet -- "There is no credit crunch." What planet does this man live on?
It's funny how some people just keep ignoring other members warnings about using LARGE BOLD ASS letters and continue to manipilate others with words. Does he not see it, pretending not to, or really think he himself is the greatest and everyone should pause and listen...
- #43,789
- Nov 6, 2008 7:07am Nov 6, 2008 7:07am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,361 Posts
- #43,790
- Nov 6, 2008 7:11am Nov 6, 2008 7:11am
- | Joined Jul 2008 | Status: Happiness can only come from within | 1,080 Posts
- #43,792
- Nov 6, 2008 7:12am Nov 6, 2008 7:12am
- | Joined Jul 2008 | Status: Trader | 1,722 Posts
A basic way to understand the bull/bear tug of war is to plot daily pivot levels on your chart and look at where price is currently. Is it below or above the daily pivot, is it below or above S1/R2, is it below or above S2/R2.
Currently it is below the daily pivot and trying to stay above S1. In other words bearish, but not extremely bearish.
Up or down, gimme a ticket
- #43,795
- Nov 6, 2008 7:26am Nov 6, 2008 7:26am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,361 Posts
Well said. If it were easy, we'd just line up and collect the money each day. Soon we may be...
Buy now @ 1.2xxx / Sell now @ 1.2xxx
- #43,796
- Nov 6, 2008 7:28am Nov 6, 2008 7:28am
- Joined Sep 2006 | Status: Trader | 2,272 Posts
its in bull, i dont see bear, pls enlighten me...it doesnt want to go down, i mean 1.2222 and below...1.2666 was tested enough times, it doesnt wish to be tested again-aperantly, but it also doesnt wish to stay above 1.30, so i see acumluating upside presure,..with a medium target of 1.44, and above, never, never again below 1.25...but thats just my view...
its just money
BUY - Are you sure? We are clearly in a downtrend, just a bit volatile at the mo
Not looking good, but no one should follow this trades, if he does, well
A view to the scalp version of the Turhovach system.
Still not ready for realease but I'm working on it. It works on 1M.
Showed a nice entry on this drop.
I see that you have an ema(10) on the chart and a Hull(144) probably; is that correct?
is Turhovach using the standard Ichimoku settings? better yet what are the settings you guys are using?
The indicator is osma(12,26,7). Please verify that you are coloring the price bars based on its value being positive / negative.
My take on the trading method is:
use ichimoku cloud as filter:
1) trade long above cloud;
2) trade short below cloud.
Trade trigger is probably price below ema(10) and ema(10) below hull(144). Is that correct?
What is the target profit?
What is initial stop and trailing stop?
What is rsi(5) used for?
I guess you guys can explain the method to us in words, before the coding is done.
Thank you.
kind regards.
- #43,799
- Nov 6, 2008 7:33am Nov 6, 2008 7:33am
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
Each chart (TF) seems to tell a different story.......
I saw on your chart that you took a short just under S2, in fast moves like we have now it is no good idea, mostly the PA bounces back and you can get stopped out. Better wait a moment and if you see that the move is firm and the S@ gets confirmed to hold you enter.
If you are good in scalping you could have a fast long on those points and TP on 10 or 15 pips, but it is catching the falling knive and Suntrader says you get stinky fingers doing that.
I mostly do because it part of my trading stile.
Just a tip.
- #43,800
- Nov 6, 2008 7:35am Nov 6, 2008 7:35am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,361 Posts
i am not a trader man. A person i know works in a bank and he sends me signals.
Not looking good, but no one should follow this trades, if he does, well
There are noobs they will blindly follow anything posted. And by noobs I mean the ones that are lurking. It is there fault if they do but they don't need encouragement.