The quality of your life is brought about by the quality of your thinking.
- #203
- Edited 7:04am Mar 23, 2007 6:50am | Edited 7:04am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
How about a 5 EMA crossing the 50 EMA for direction and stoch set at 5;3;3 for confirmation on 30min, 1hr, 4hr charts ?
Too complicated ???
do what you like!
but why add - the 4 hour stoch gives you direction
but you must believe in your tools if you like 12ema great use it
- #204
- Mar 23, 2007 6:58am Mar 23, 2007 6:58am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Stoch is coming very thin (upwards) on the 4H chart.
My 30mins still show down. Yours?
- & its under its 30min/1 hour channel bottom.
but its got big down tails!!!
If it breaks back over the channel
it might be fun if it stay under -
I think its a no trade day
& I don't see anything anywhere?
but the Us open is a comming
- #207
- Mar 23, 2007 7:43am Mar 23, 2007 7:43am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Looks like a sell signal is developing in GBP/JPY.
4 hours is down..1 day is about to cross down
and the price broke the bottom trendline of the 30 mins channel couple hours ago..
but still we have to wait for the daily chart to cross down ...
is that a crazy chart
- #208
- Mar 23, 2007 7:45am Mar 23, 2007 7:45am
I think I may wait for that daily to come out of the +80 zone on the GBP/JPY. Maybe not. I hate Fridays. 
If you are into candles, that is a bearish engulfing outside bar on the 30 min. However, they are risky on short time frames.
If you are into candles, that is a bearish engulfing outside bar on the 30 min. However, they are risky on short time frames.
Life is too short to have anything but delusional notions about yourself.
- #212
- Mar 23, 2007 8:29am Mar 23, 2007 8:29am
- Joined May 2006 | Status: Professional trader, owner of MTC | 1,521 Posts
- #213
- Mar 23, 2007 8:46am Mar 23, 2007 8:46am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
30 min Eur/Usd
There may be a chance to get back into the Eur/usd
wait for price to come back down & test the 30min Channel line ( the hand)
if it does & bounces & the 30 min stoch turns up
But remember its friday so be very very careful it is risk trading anytime
but esp friday !!
I have to go till later this afternoon.
pip pip
- #214
- Mar 23, 2007 8:52am Mar 23, 2007 8:52am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
yes it seems the gbpjpy is a similar signal to the usdjpy in london session, i`ve done a kind of uptrend line, that could give a target of 230.35 more or less, but ted could you please give your opinion, about it, also i have a doubt, about the 4hr stoch cross, do you wait until the 4hr ends to draw the line or exactly at the cross? because that could give us different signals.
you know this is such a wild pair & this is a wild chart!
and its friday .. I don't personally think I would do any thing.
But its also one of the pairs I rarely trade.
good luck
TEB63, THANK YOU !!! I've used multiple time frames in the past but never could make them mesh until now, this is fantastic!!!! Thank you..
- #216
- Mar 23, 2007 10:42am Mar 23, 2007 10:42am
- Joined Mar 2007 | Status: Trader | 1,086 Posts
do what you like!
but why add - the 4 hour stoch gives you direction
but you must believe in your tools if you like 12ema great use it
exit could be when 5 EMA and 12 EMA cross back on the 1hr chart
The quality of your life is brought about by the quality of your thinking.
- #217
- Mar 23, 2007 11:11am Mar 23, 2007 11:11am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
it's true but I was thinking that if entry is when all 3 stochs agree we also need to know when to exit ? we wouldn't want to exit too early no ?
exit could be when 5 EMA and 12 EMA cross back on the 1hr chart
or wait till the 4 hour stoch crosses against you !
- #218
- Mar 23, 2007 11:16am Mar 23, 2007 11:16am
- Joined Mar 2007 | Status: Trader | 1,086 Posts
how do you see a setup of 30min, 1hr and 4hr chart ?
The quality of your life is brought about by the quality of your thinking.
- #219
- Mar 23, 2007 11:54am Mar 23, 2007 11:54am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
how do you see a setup of 30min, 1hr and 4hr chart ?
the 30 min & 1 hour maybe to close
But give it a try - demo account of coarse
& let us know
- #220
- Mar 23, 2007 12:03pm Mar 23, 2007 12:03pm
I never tried it I have tried 4 hour,1 hour & 15mins
the 30 min & 1 hour maybe to close
But give it a try - demo account of coarse
& let us know
TEB,
I thought you were using Day, 4 hr and 30 mins (not 15 mins!!!).
Is that correct?