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  • #4,901
  • Mar 30, 2009 2:36pm Mar 30, 2009 2:36pm
Quoting harold4x
hi lowen firstly i dont countertrend i trade according to daily trend so if its down i only look for shorts i find my stop and target by point 2 and point 3 not point 1 point 2 and 3 must not be more than 24 pips including spread thats the max
Harold you misunderstood me.

With countertrend I mean the retrace counter the daily trend.
I know about target and SL.
I just want to know if a 1-2-3 is valid when the way from point 1 to point 2 is quite big related to the last retrace..
.. as shown in my picture..
  • #4,902
  • Mar 30, 2009 4:09pm Mar 30, 2009 4:09pm
thats a tough question lowen the rule of thumb is buy low sell high from the previous trend i quess thats my answer so if we need a pullback and we get one of 50 pips and the price goes back 45 without a 123 let it go by the way the only pair tonite is gbpusd long the other have conflicting signals
  • #4,903
  • Mar 30, 2009 4:34pm Mar 30, 2009 4:34pm
Quoting harold4x
thats a tough question lowen the rule of thumb is buy low sell high from the previous trend i quess thats my answer so if we need a pullback and we get one of 50 pips and the price goes back 45 without a 123 let it go by the way the only pair tonite is gbpusd long the other have conflicting signals
thanks harold.

hmm btw - the brokers values really seem to differ a bit. I have FxPro and my GBPUSD is telling me: SHORT
I might have to change broker so our daily signals coincide..
could you be so kind and post a screeny of your daily gbpusd? I do wonder that they differ so much. But i hope I read everything right on mine:

Attached Image
  • #4,904
  • Mar 30, 2009 7:05pm Mar 30, 2009 7:05pm
i noticed some discrepancies in my daily trend on FXDD MT4 too...it says short on gbpusd
  • #4,905
  • Mar 30, 2009 7:19pm Mar 30, 2009 7:19pm
yeah i have my gbp short , just i might add though 5 ema is 1.4377 & 8ema 1.4394 & rsi 48.36
andrew
Survive & Preserve
  • #4,906
  • Mar 30, 2009 7:23pm Mar 30, 2009 7:23pm
Think i'll jst wait till the European and American sessions to see wut the dailies are saying....maybe they wld hav settled dwn by then??
  • #4,907
  • Mar 30, 2009 8:20pm Mar 30, 2009 8:20pm
I understand that this thread is to discuss only KTM. Since the chart is here, I just want to ask some doubts about Divergence. You connected LH's in the price, then need to look HH in the oscillator to spot hidden divergence. But in the chart, u connected HL in the oscillator.
Please explain ..
Quoting hypnos63
the text shifted. enter at either of the two arrows on 15 min chart,
exit 80 % close of 0630 candle.

hope its clearer.

peace

[email protected]
  • #4,908
  • Mar 30, 2009 8:39pm Mar 30, 2009 8:39pm
if you want to have same daily trend values download gft dealbook and get them from there i trade with rjo who uses there charts
  • #4,909
  • Mar 30, 2009 9:51pm Mar 30, 2009 9:51pm
Quoting harold4x
thats a tough question lowen the rule of thumb is buy low sell high from the previous trend i quess thats my answer so if we need a pullback and we get one of 50 pips and the price goes back 45 without a 123 let it go by the way the only pair tonite is gbpusd long the other have conflicting signals
Hi Harold, the only pair tonight is gbp/usd short according to the odl daily chart. Harold, are you using odl charts to determine trend?
  • #4,910
  • Mar 30, 2009 10:53pm Mar 30, 2009 10:53pm
According tothe rules, Emas's on the hour must be crossed in direction of daily stochastics, RSI below 50 and stochastics crossed in same direction. Looks like an entry at the top of the hour if this holds.....
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 48 KB
  • #4,911
  • Edited 2:15am Mar 31, 2009 1:28am | Edited 2:15am
Quoting DollaBill
According tothe rules, Emas's on the hour must be crossed in direction of daily stochastics, RSI below 50 and stochastics crossed in same direction. Looks like an entry at the top of the hour if this holds.....
hey dollaBill.
watch out. stoch should be 8,3,3. Also it seems you don't have the dinapoli listed on the post1 of this thread.
otherwise, yeah, could be a sell @ close
  • #4,912
  • Mar 31, 2009 1:35am Mar 31, 2009 1:35am
Quoting andrewb7
yeah i have my gbp short , just i might add though 5 ema is 1.4377 & 8ema 1.4394 & rsi 48.36
andrew
harold or anyone, when you look for daily trend for today, you do it at candle close of 30th, right?
Are your bro.kers candles gmt00?
What would you suggest if they are not? Wait till close (and till then use the last day's trend), or read the current gmt00 value (thou it's not closed then)..
  • #4,913
  • Mar 31, 2009 1:54am Mar 31, 2009 1:54am
Quoting Lowen
harold or anyone, when you look for daily trend for today, you do it at candle close of 30th, right?
Are your bro.kers candles gmt00?
What would you suggest if they are not? Wait till close (and till then use the last day's trend), or read the current gmt00 value (thou it's not closed then)..
hey lowen
yeah its close of candle of the 30th, what is ur candle close for the 30th on the g/u??
Survive & Preserve
  • #4,914
  • Mar 31, 2009 2:12am Mar 31, 2009 2:12am
Quoting andrewb7
hey lowen
yeah its close of candle of the 30th, what is ur candle close for the 30th on the g/u??
hey,
it's almost the same as yours.
But Fxpro's daily candles come at gmt+2, so I had the close 2 hours earlier than harold.

Attached Image
  • #4,915
  • Mar 31, 2009 2:56am Mar 31, 2009 2:56am
the way the g/u is going now its doesnt look good to trade anyway
Survive & Preserve
  • #4,916
  • Mar 31, 2009 3:05am Mar 31, 2009 3:05am
Quoting andrewb7
the way the g/u is going now its doesnt look good to trade anyway
yeah quite undecided. one trade could have been here. Had Daily Pivot R1 as Resistance:

Attached Image
  • #4,917
  • Edited 3:28am Mar 31, 2009 3:17am | Edited 3:28am
I traded one here, at the beginning. But it was one hour before gmt00 as my D1 candle closed earlier.
Also GBPUSD.
The trade did not get to the TP, You can see this was not optimal, it went quite high inbetween, and later I closed it at +9 pips profit..

Attached Image
  • #4,918
  • Mar 31, 2009 3:30am Mar 31, 2009 3:30am
yeah both were good trades , the 2nd one was b4 trading times so maybe didnt have enough volume to push it down.
i wasnt home for the first one either but good spotting mate
Survive & Preserve
  • #4,919
  • Mar 31, 2009 3:45am Mar 31, 2009 3:45am
does your candle close at gmt00? which bro.kers do?
well on the other hand it can't be a big problem if my day turns over 2 hours earlier.
(btw it's 11pm here when it does)
  • #4,920
  • Mar 31, 2009 3:54am Mar 31, 2009 3:54am
i m gmt +10 ,i use dealbook gft, i have been following this thread for a while now & dont remember this being a problem b4, 2morrow they will probably all line up right,
Survive & Preserve
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