Life is too short to have anything but delusional notions about yourself.
- #246
- Mar 25, 2007 8:45pm Mar 25, 2007 8:45pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
usdcad 30mins
great set up from friday
of coarse its easy to find it on a past chart
- #247
- Edited 8:55pm Mar 25, 2007 8:54pm | Edited 8:55pm
Attachment
big red line is day the stoch
thin red line is the 4 hour
arrow is the 30 min stoch
red ema is 50
I wouldn't take this trade
it still might still be a winner?
but I would wait untill the 30 min stoch comes around again
the reason is price is to far a head of the 50ema
if price was on the other side of the 50ema
I would take the price trade ina NY second
So TEB, if I have it right: if price is above the 50EMA, and the stochs are aligned that will be a trade to the short side (much better than if price was below the 50EMA)?
So, in conclusion: short trade: if price is above the 50 EMA and pointing down. Long trade if price is below the 50EMA and pointing up.
Am I correct?
- #248
- Edited 9:15pm Mar 25, 2007 9:01pm | Edited 9:15pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
So TEB, if I have it right: if price is above the 50EMA, and the stochs are aligned that will be a trade to the short side (much better than if price was below the 50EMA)?
So, in conclusion: short trade: if price is above the 50 EMA and pointing down. Long trade if price is below the 50EMA and pointing up.
Am I correct?
better if it is below- better still if it was way way below
the big thing you don't want the price on the right ride of the 50ema
at the start of the candle!
you esp. don't want price leading the 50ema -way way a head of it
- #251
- Mar 25, 2007 9:22pm Mar 25, 2007 9:22pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
short?
candle formationis is long strong!
and you are a long way from the 50ema?
and it looks like your 30 min stoch is about to turn up.
it might be good to put on the 20% 50 % and 80% lines
on our stoch its just easier for you to see what is going on
candle formationis is long strong!
and you are a long way from the 50ema?
and it looks like your 30 min stoch is about to turn up.
it might be good to put on the 20% 50 % and 80% lines
on our stoch its just easier for you to see what is going on
short?
candle formationis is long strong!
and you are a long way from the 50ema?
and it looks like your 30 min stoch is about to turn up.
it might be good to put on the 20% 50 % and 80% lines
on our stoch its just easier for you to see what is going on
Sorry about my english...
- #253
- Mar 25, 2007 9:41pm Mar 25, 2007 9:41pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
but in 4h and diary shows down
yes but the 30min stuff is going against you?
it maybe the worse time to get in?
if the 4 hour stoch is going the right way it is only a matter of time till the 30min stoch will follow suite & it will be a better price likely
- #254
- Mar 25, 2007 9:42pm Mar 25, 2007 9:42pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
sorry it is below 50ema, not a strong one but would just like to know whether we need to see candle close on the daily, 4h or 20min to confirm stoch cross?
yes but the 30min stuff is going against you?
it maybe the worse time to get in?
if the 4 hour stoch is going the right way it is only a matter of time till the 30min stoch will follow suite & it will be a better price likely
Sorry about my english...
yes but the 30min stuff is going against you?
it maybe the worse time to get in?
if the 4 hour stoch is going the right way it is only a matter of time till the 30min stoch will follow suite & it will be a better price likely
Sorry about my english...
- #257
- Mar 25, 2007 9:56pm Mar 25, 2007 9:56pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
look
& worse I think it is raising out of the 20%
I don't know for sure because you still don't have lines on the stoch
but its crossing against you on the bottom
& worse I think it is raising out of the 20%
I don't know for sure because you still don't have lines on the stoch
Sorry about my english...