DislikedHere we go! Anyone else looking to go long? Current price is 1.2619 and M5, M15 and M30 are all going up from the trend line. It's a bit choppy but looks good. Comments?
DislikedIt is a safe option. However, it can also mean oversold in which case price can drop more....consult M15 and M30..they should be headed down and at least M15 below 80..better if they both are below 80 or at least if M30 looks like it will come down below 80. It is also a good time to consult M1, if it hits 100 and price doesn't move up too much..and M1 cycles quickly from low to high to low with M5 staying down (below say 25-30)...you are oversold and stay in...given M15 and M30's position to keep coming down.
OOPS ..this was a reply to Post #608...Ignored
DislikedThis ones taking a long time to line up.
I just realized ive been sitting in front of my computer for 14 hours. I should call it a day but i really want to see if this one plays out the way it looks like it will.Ignored
DislikedEvery single time and I mean EVERY single time I call it quits and go to sleep becaue I'm tired, I wake up only to see a +80-+150 pip move already passing me by.Ignored
DislikedMight be a rubberband short in a while here before 30M joins the party. hmm - I love how you can turn the last bar back on on Skylines Stoch indicator to see where things may close!Ignored
DislikedI have had a few requests to talk about using the Rope & Thread indicator. I have revised it somewhat since my first writing. however, I'm not sure if you would like it talked about in this thread (get it thread ) or the original?
What is it? Rope and Thread is a visualization tool for MTF that works on the convergence and spread of multiple stochastics. Used on the M5, M15 and M30 it is a great tool for following long trends and scalping. It is not a very difficult concept once you know what to look for.
I'd certainly be glad to explain...Ignored
DislikedI have had a few requests to talk about using the Rope & Thread indicator. I have revised it somewhat since my first writing. however, I'm not sure if you would like it talked about in this thread (get it thread ) or the original?Ignored
thanks for your reply , if you can share with us the way you place your trades using the rope it would be great .