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bringin sexy back - stochastics

  • #481
  • Mar 4, 2007 1:32am Mar 4, 2007 1:32am
Anyone wants to comment what i have posted above ?
  • #482
  • Mar 4, 2007 1:58am Mar 4, 2007 1:58am
Quoting melpheos
Anyone wants to comment what i have posted above ?
What post are you referring to?
  • #483
  • Mar 4, 2007 2:12am Mar 4, 2007 2:12am
I spend Saturdays studying charts and planning strategy for the next week. Unfortunately I am only able to access 1 chart on my broker's platform this weekend--fiber.

Looking at this chart, I find that the stochastics look as though, if I project ahead what they will shortly be looking like, there may be a shorting opportunity on the 5M, 15M and 4H charts, but not on the 30M or 1H charts. Looking at my Rubber band indicator I see a set up for a possible 50 pips. This is in line with trading the 5M and 15M chart since I usually expect a set up on those 2 to produce somewhere around 30 to 50 pips, sometimes more. Price action (my old standby) suggests a short on the daily chart.

It looks as though I may be taking a short on Sunday. If it is still looking good after the 50 or so pips, and if the stochastics are favourable at that point, I may stay with the trade, particularly in light of what price action is suggesting.
  • #484
  • Mar 4, 2007 9:34am Mar 4, 2007 9:34am
Quoting moonchild
I spend Saturdays studying charts and planning strategy for the next week. Unfortunately I am only able to access 1 chart on my broker's platform this weekend--fiber.
Hi moonchild

Thank you for sharing your thoughts on this. Please excuse the ignorance ... which pair is known as 'fiber'?

Would like to view the timeframes as per your post to get a view but not sure which pair it is!

Thanks
Shaun
  • #485
  • Mar 4, 2007 9:53am Mar 4, 2007 9:53am
Quoting fxjourney
Hi moonchild

Thank you for sharing your thoughts on this. Please excuse the ignorance ... which pair is known as 'fiber'?

Would like to view the timeframes as per your post to get a view but not sure which pair it is!

Thanks
Shaun
Since MChild appears offline and to save you wating, Fiber = EUR/USD.
{because the Exchange Rate is/was transported via Fiber Optic Cable.}
{Cable = GBP/USD because the Rate was originally transported via the Transatlantic Copper Cable}
  • #486
  • Mar 4, 2007 10:46am Mar 4, 2007 10:46am
Quoting Bemac
Since MChild appears offline and to save you wating, Fiber = EUR/USD.
{because the Exchange Rate is/was transported via Fiber Optic Cable.}
{Cable = GBP/USD because the Rate was originally transported via the Transatlantic Copper Cable}
Thank you Bemac - that is very informative! I often refer to gbp/usd as 'cable' but was not sure why. Now I understand for both cable and fiber!

Thanks!
Shaun
  • #487
  • Mar 4, 2007 11:00am Mar 4, 2007 11:00am
Thank you for helping, Bemac. I live in GMT-9 so that it is still very early here, and a Sunday, so yes, I was sleeping. I catch up on my sleep on weekends and during asian session.

"Work" (the market) will start again in a few hours and this week there may be interesting trading on Sunday involving the yen pairs. If I trade on a Sunday, it is usually only yen, aussie and kiwi pairs. I have caught yen pair moves of 60 or more pips on Sundays. By checking the weekend data at a real time service, it is possible to see that GJ (poundyen) is currently at 227.95 which is the 38.2 retracement of the recent move down which began on 23 January and the pair has been as low as 224.17 and as high as 234.68 (if one excludes a spike which was even higher). This is not what I had been expecting the pair to do, so I will see what direction it takes when the market reopens to the public but with this much movement over the weekend, there is good reason to expect a lot of movement today.

Fiber (I am lazy and it is easier and faster to type than the official designation for the pair) may start moving down tonight (my night, anyway) although I may not wait for tonight to enter. Currently this pair and cable are about where they were at Friday's close. EJ (euroyen) is currently has moved in a manner similar to GJ, obviously both moves being due to the yen half of the pairs.

Today's trading may prove very interesting.
  • #488
  • Mar 4, 2007 12:07pm Mar 4, 2007 12:07pm
im so beat
been snowboardin all day
i pulled off a nice 180 over a little drop it was awesome

sorry i havent done the post about trading the daily charts but i will prob on tuesday or something.

guys im reading some stuff about selling indicators and some arguments and problems please keep em to a minimum its unecessary and i dont want my thread to become one dealing with personal arguments and stuff. thank you
  • #489
  • Mar 4, 2007 12:12pm Mar 4, 2007 12:12pm
Quoting boxingislife
im so beat
been snowboardin all day
i pulled off a nice 180 over a little drop it was awesome

sorry i havent done the post about trading the daily charts but i will prob on tuesday or something.

guys im reading some stuff about selling indicators and some arguments and problems please keep em to a minimum its unecessary and i dont want my thread to become one dealing with personal arguments and stuff. thank you
Snowboarding in Lebanon? I have had many lebanese friends and do not remember any of them mentioning skiing or snowboarding or snow in Lebanon.
  • #490
  • Mar 4, 2007 12:27pm Mar 4, 2007 12:27pm
Eur/Cad looks to be setting up on the 4 hour
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T
  • #491
  • Mar 4, 2007 1:41pm Mar 4, 2007 1:41pm
Quoting JokersWild
Eur/Cad looks to be setting up on the 4 hour
I am already short but I am unable to access charts for this pair at present due to some problem with the platform.

What do the 1H and daily look like?

The fact that fiber seems to be ready to drop will tend to propel this pair down. Fiber is the one chart I can access. So a EUR/CAD drop is likely in any case.

I would be interested in knowing whether either of the adjacent charts offers corroboration or is at least neutral. Thanks.
  • #492
  • Edited 2:25pm Mar 4, 2007 2:10pm | Edited 2:25pm
You tell me- Moon
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T
  • #493
  • Mar 4, 2007 2:28pm Mar 4, 2007 2:28pm
Quoting JokersWild
You tell me- Moon
Thank you for posting the charts.

MY interpretation, for what it is worth, is that the daily is basically neutral and it looks as though the 1H is turning neutral on the medium term but the slow stochastic which reflects more immediate movement is very overbought and about to turn down.

All of this coupled with what I see on fiber convinces me that my short is quite safe. It takes a while to the daily chart to change, but we could find the 1H turning down in the near future. Then the whole picture would be telling me to add to my short position since I think there is more to be made there than on fiber.

Your addition of the EURCHF chart is helpful because it further validates a move south by fiber and for that matter EURCAD.

It is rare for me to leave a position open over the weekend, but I am glad that I did it.

This is how I interpret what I see. I do not claim to be right or to know more than any of the rest of you. In fact, none of us really KNOW anything about what is going to happen, we just have a lot of opinions.
  • #494
  • Mar 4, 2007 2:34pm Mar 4, 2007 2:34pm
Quoting moonchild
Snowboarding in Lebanon? I have had many lebanese friends and do not remember any of them mentioning skiing or snowboarding or snow in Lebanon.
yea lebanon is quiet famous for its snowy mountains in the winter. we got a few ski resorts and prob the most out of the countries nearby
lots of snow too sometimes it gets so cold that it snows in the suburbs of beirut(the hills) and the mountains are usually covered from december till about may
  • #495
  • Edited Mar 5, 2007 4:11pm Mar 4, 2007 4:36pm | Edited Mar 5, 2007 4:11pm
This is one of the pairs which I will trade on Sundays.

The 30M, 1H and 4H charts are all turning south. I am just waiting for a good entry on the 5 stoch on 5M chart.

Check out the 1H and 4H charts and you will see what I mean. You might also consider this an interesting trade. You can also check out the AUD/USD charts which are dropping nice but are just starting a small bound (like AUD/NZD) and if you look at NZD/USD, it is more or less flat, so these charts also correspond to a dropping AUD/NZD.

I hope that you had marvelous snow boarding this weekend. I could snowboard off the mounds of snow the were moved out of the way to make the driveway passable and have been getting harder and harder to see over all winter. Luckily the house is off the ground a few feet or we would not be able to see over them at all.

This is one of my trades which did not work out. At first I thought that it was because of the Aussie news but later decided that it was because of Kiwi weakness. In any case, everybody sometimes has losses. My loss on this trade was 50 pips.
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  • #496
  • Mar 4, 2007 5:02pm Mar 4, 2007 5:02pm
Hello all

I'm new to this thread and I like what i see. I went through this thread twice and I think its coming to me.
Anyone see a eurusd setup on the 4hr? I can't confirm it with the 1hr.
Any thoughts?
Thanks
  • #497
  • Mar 4, 2007 10:14pm Mar 4, 2007 10:14pm
Quoting moonchild
I spend Saturdays studying charts and planning strategy for the next week. Unfortunately I am only able to access 1 chart on my broker's platform this weekend--fiber.

Looking at this chart, I find that the stochastics look as though, if I project ahead what they will shortly be looking like, there may be a shorting opportunity on the 5M, 15M and 4H charts, but not on the 30M or 1H charts. Looking at my Rubber band indicator I see a set up for a possible 50 pips. This is in line with trading the 5M and 15M chart since I usually expect a set up on those 2 to produce somewhere around 30 to 50 pips, sometimes more. Price action (my old standby) suggests a short on the daily chart.

It looks as though I may be taking a short on Sunday. If it is still looking good after the 50 or so pips, and if the stochastics are favourable at that point, I may stay with the trade, particularly in light of what price action is suggesting.
Good call Moonchild! Just turned on the PC to see that price did indeed move lower.
  • #498
  • Mar 6, 2007 1:10pm Mar 6, 2007 1:10pm
Hello,

Is this a valid sell signal (still in the making) for ED?

Thanks for any comments.

FP
Attached Image
Posting Demo charts, mirroring some of them live.
  • #499
  • Mar 6, 2007 3:03pm Mar 6, 2007 3:03pm
Quoting forexpiet
Hello,

Is this a valid sell signal (still in the making) for ED?

Thanks for any comments.

FP
nah... wait for 3185 failure...
R
Attached Image
  • #500
  • Mar 6, 2007 4:00pm Mar 6, 2007 4:00pm
Just bought on EURJPY. I hope to make 10+ pips
Do you see a problem based on the system discussed here? It looked like a good trade for me...

http://dash.ionblast.net/forex/pics/trade1.JPG
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