Overdose on Karmo pills..
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #134,821
- Nov 11, 2008 7:41pm Nov 11, 2008 7:41pm
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- #134,822
- Nov 11, 2008 7:42pm Nov 11, 2008 7:42pm
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Before Forex I was tall, and clean shaven. Now I am an Ewok.
- #134,823
- Nov 11, 2008 7:43pm Nov 11, 2008 7:43pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
simple moving averages
I saw one guy saying 172
not till the 14 sma has crossed 33 sma on the charts right now they are in bearish stack ....
I saw one guy saying 172
not till the 14 sma has crossed 33 sma on the charts right now they are in bearish stack ....
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- #134,826
- Nov 11, 2008 7:47pm Nov 11, 2008 7:47pm
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- #134,828
- Nov 11, 2008 7:56pm Nov 11, 2008 7:56pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Well, I noticed that it works well when their is volume for PA...
I use 5min TF on bigger PA, and 1min TF for consolidation and slow trending..
There is alot of bias with the lower TF, but I look at the higher TF for any S/R or major trendlines... I mainly follow the arrows when they match the Heiken Ashi to take an entry or exit...It is really hard to give you a number or ratio because there are other things I used that make it more complex to say it all based on the signals only...
Most of my trades I mentally close the trades if I feel the PA stall or volume drop...
I use the indicators for an early entry and exit...
Back test the 1min and 5min TF ...
I made some nice pips on trending days.
Remember to look at the MACD when deciding to close the trade...
Example, if a signals for long (blue arrow and blue HA candle match), I enter the trade until a red arrow appears and close the trade..However, I usually stay in the trade if the MACD is still up or the same color as the HA and arrow..
There is a alot of bias trading small TF but look at the higher TF for S/R .
I hope that help.
I use 5min TF on bigger PA, and 1min TF for consolidation and slow trending..
There is alot of bias with the lower TF, but I look at the higher TF for any S/R or major trendlines... I mainly follow the arrows when they match the Heiken Ashi to take an entry or exit...It is really hard to give you a number or ratio because there are other things I used that make it more complex to say it all based on the signals only...
Most of my trades I mentally close the trades if I feel the PA stall or volume drop...
I use the indicators for an early entry and exit...
Back test the 1min and 5min TF ...
I made some nice pips on trending days.
Remember to look at the MACD when deciding to close the trade...
Example, if a signals for long (blue arrow and blue HA candle match), I enter the trade until a red arrow appears and close the trade..However, I usually stay in the trade if the MACD is still up or the same color as the HA and arrow..
There is a alot of bias trading small TF but look at the higher TF for S/R .
I hope that help.
what are the chances for bad/good signals
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- #134,830
- Nov 11, 2008 7:57pm Nov 11, 2008 7:57pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
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- #134,831
- Nov 11, 2008 7:58pm Nov 11, 2008 7:58pm
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check out my blog: forexmademillionaire dot com
- #134,832
- Nov 11, 2008 8:00pm Nov 11, 2008 8:00pm
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- #134,833
- Nov 11, 2008 8:00pm Nov 11, 2008 8:00pm
- | Commercial User | Joined Mar 2008 | 1,651 Posts
I'm still very bearish, as I said before and posted chart. Been building shorts trying to hold out till 149.50...but then again what do I know, I have no wisdom point thingys. 
- #134,835
- Nov 11, 2008 8:02pm Nov 11, 2008 8:02pm
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- #134,836
- Nov 11, 2008 8:02pm Nov 11, 2008 8:02pm
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Nice PB, I got a better position for a long TP1-153.00 and maybe TP2 155 area.
It bounced off the 1hr Gann..
It bounced off the 1hr Gann..
i m watching these move like a hawk, (edited:after reading your analysis on those).. Thank you Malcomb
seems like a perfect bull trap setup... !!!!... jump up on 1hr 5sma , turned down right away, now heading to 1 hr gann 149.96
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- #134,837
- Nov 11, 2008 8:02pm Nov 11, 2008 8:02pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Anyone wanna take a look at the 15min (too lazy to post a chart right now)... am I only one seeing a potential inverse H&S?
this bullish div building since yesterday on a 30 min is more interesting ...
also of note see how 33 sma on 15 min strong resistance.
if the bullish div plays out the 33 sma has to be broken and would give you that upside target 155
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- #134,838
- Nov 11, 2008 8:04pm Nov 11, 2008 8:04pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
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- #134,840
- Nov 11, 2008 8:05pm Nov 11, 2008 8:05pm
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Nihil Sine Deo.