DislikedSure man ..the middle yellow line .... If you trade use Asctrend indi.. for signals generation ...Ignored
Yea thanks, its a pretty solid indicator.
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DislikedYes. Got out too fast though thinking that it will retrace first before it hit the pivot. The last candle drop 30 pips in one go and hit the pivot. Well still waiting for better time for entry again.Ignored
DislikedThings are still looking good folks .... Hey DOVO are are we doing so far ... ..
Seems like ams and Tracom are away now ... The Americans are really selling here and the dollar index gaining ...
Hey DOVO ... I still thing we could head south for quite a fair dip ... Still scalping the dips ... and monitoring DJIA ...Ignored
DislikedI think so too. DJIA is moving south but there is a big resistance at the 1.3830 level that EU can't break through yet. I am waiting for it go break that level to go toward the -0.382 m-fibo level which is clustered with yesterday low.Ignored
DislikedHi house ...
Anyone willing can now post tomorrows trading quartiles from m-fibo ... I do hope by now we all know how to interpret m-fibo quartiles ....
So ... It's openIgnored
DislikedWell, let's see whether I can get it right. I'm using a broker with GMT 0. I noticed mine are always a bit different by a few pips than yours, Popee. I guess it's broker related.
Here we go:
EURO
To the upside:
100% @ 1.4068 confl. w/ +76.4%
61.8% @ 1.3981 confl. w/ +23.6%
38.2% @ 1.3927 confl. w/ yesterday's high
Pivot @ 1.3839 confluences with 50% fib
To the downside:
[color=Red]-38.2% @ 1.3751 confl. w/ yesterday's low
-61.8% @ 1.3696 confl. w/ -23.6%
-100% @ 1.3609 confl....Ignored
Acts as a reference point, a tool to provide perspective and scale, and that makes it very useful. Consider the following alternatives involving PA:
Close to the median -expected to move away;
Close to the extremes - expected to move towards median;
If it breaks an extreme - in the direction of the trend you expect it to continue;
If it breaks extremes against the longer term trend - you must anticipate the possibility of a deeper correction but also an imminent return to the median area (i.e. false breaks).
It creates for me the context within which I ply my trade, the hill from which I survey the currency highway. It gives me a perspective of the market that is large enough for me not to be a victim of randomness but small enough to suit my goals as a day trader.
It is also useful because it sets parameters with ‘quadrants’ based on price levels which in turn create comfort zones, making my decision-making easier and better ...
DislikedHi all. Is anyone else having trouble with the Sidus? By that I mean that it doesn't always post/place its self in the current TF unless I change TF and then go back to the original TF. By then I have missed the move to my liking. When the Sidus and Asctrend both indicate on the same candle, it's virtually a winner every time. I have deleted/re-installed the indicator several times, but with no luck....Any suggestions?
Cheers...Ignored
DislikedHi all. Many thanks to Heidi & Popee re projections for today. As a newbee, I am trying to understand the fibs that you use.
Are you saying that we don't trade the yellow fibs, and wait for PA to reach/trade towards the purple/light blue fibs, and the red/blue fibs are overbought/oversold areas?
Would you also be suggesting that we only trade & or scalp (if one is inclined to) when PA goes north/south of the pivot but a reversal is highly probable?
Thanks for the clarification.
Cheers...Ignored