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Naked Chart Trading EJ, GJ, GU, EU

  • #21
  • May 6, 2009 4:21am May 6, 2009 4:21am
Quoting jack.canadia
Yeah. I like 131.00/131.20 to attempt a short.

This is as naked as one of my charts will get ... sorry (haha)

hehehe..try to trade one day without candle bars and trade with simple lines, it will become much more easier.

We have been fed to believe that candle bars are good, but it is not, it is just extra more information.

Lot of fluctuation today, better to stay away for a while till the US market opens
  • #22
  • May 6, 2009 4:38am May 6, 2009 4:38am
anyone short 130,70 ?
  • #23
  • May 6, 2009 5:22am May 6, 2009 5:22am
Quoting citrusvtk
anyone short 130,70 ?
Do not short its inverted scallops, the market will MOVE UP
  • #24
  • May 6, 2009 5:33am May 6, 2009 5:33am
It is inverted scallops the market will move up
Attached Image (click to enlarge)
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  • #25
  • May 6, 2009 5:37am May 6, 2009 5:37am
The market will blast this time cos of perfect pattern, get ready for high pips in yen crosses
  • #26
  • May 6, 2009 10:33pm May 6, 2009 10:33pm
Its really sticking it up....too long to go up, the underlying market is too fluctuating , still their is bullish sentiment and the previous chart is holding up may be by UK or US session or after the date release we get to go up
  • #27
  • May 7, 2009 3:13am May 7, 2009 3:13am
Inverted scallops is complete in EJ, expect it to move up higher from now.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 15 KB
  • #28
  • May 7, 2009 10:54pm May 7, 2009 10:54pm
Never seen such a high degree of fluctuation and low volume ever, this is completely new market it seems.
  • #29
  • May 9, 2009 11:13am May 9, 2009 11:13am
spiderforex hello.
what kind of indicator is it? (on the right upper corner)...can you post it for us?

thank you.
  • #30
  • May 9, 2009 11:33pm May 9, 2009 11:33pm
Quoting ForexSV
spiderforex hello.
what kind of indicator is it? (on the right upper corner)...can you post it for us?

thank you.
its the signal bars indicator, find the attached file, you can adjust the decimal values by changing 5 or 6 in the digit switch edit box
Attached File(s)
File Type: ex4 #Signal_Bars_v8D.ex4   39 KB | 724 downloads
  • #31
  • May 10, 2009 7:05am May 10, 2009 7:05am
for gj im anticipating it to go dwn from 150 ish. sell target might be 146.XX, 144.xx and finally to 141.xx to 140.xx zone. so if price action manage to break these levels, their final stop might be the 141-140 zones. hehe just as i see the chart. who knows it might go the other way n break the 150.xx, then these levels might nt be valid. but im more than 50% gj will retest 141-140
  • #32
  • May 10, 2009 8:57am May 10, 2009 8:57am
Quoting timetrader
for gj im anticipating it to go dwn from 150 ish. sell target might be 146.XX, 144.xx and finally to 141.xx to 140.xx zone. so if price action manage to break these levels, their final stop might be the 141-140 zones. hehe just as i see the chart. who knows it might go the other way n break the 150.xx, then these levels might nt be valid. but im more than 50% gj will retest 141-140
Today i was doing some analysis and found out some interesting relation between naked charts, candle charts and FIB ratios.

After one week of testing i will post the strategy if it does what i think it will hopefully

For GJ the immediate target is 155 to 160 area, it should turn around by that, if it does not and goes above that and takes the longer top high to top lows FIb level, we are looking 169 area. if it goes that far, we could see a terrible fall south by August.

To reach 155 should not be a problem, after that there could be some swings and then either it would go up or go down.

So, next week, im hoping for Bullish market sentiment for all currencies pairs
Attached Image (click to enlarge)
Click to Enlarge Name: gj fi.gif Size: 11 KB
  • #33
  • May 10, 2009 9:08am May 10, 2009 9:08am
line chart is for long term outlook.....and ....where the H,L price in this chart...
  • #34
  • May 10, 2009 8:37pm May 10, 2009 8:37pm
Quoting SoKoLov
line chart is for long term outlook.....and ....where the H,L price in this chart...

All currency pairs are hovering at a crucial 61.8% mark, so there could be a turn around or the market could swing heavily this week. The high and lows are from the candle stick highs and lows and the turn around is from the line chart from 61.8%
  • #35
  • May 13, 2009 3:07am May 13, 2009 3:07am
Based on FIB and Chart Patterns, GBPJPY looks to reach 155 mark.

Copper, Gold, Crude oil are all looking bullish so too is DOW, as GJ is linked to DOW, we could see GJ going up as well.

For DOW the target is 9400 area.

USD is going to HELL in a very short period of time.

MAN these days are the cusp where we stand, it is the PERFECT time to go long or short for a monthly period keep.

Crude Oil, Copper, Natural gas, GOLD all looks Bullish, hence DOW is also looking bullish.

if DOW is bullish, naturally GJ will be bullish, so will be GU, AU, AJ.

Its safe to go trading with commodities now.



more to come .........
  • #36
  • May 18, 2009 10:03pm May 18, 2009 10:03pm
During the last few days, i been looking at FIB ratio more deeply and its relation with camrilla and Murrey math and interestingly, both the equation and very much similar to FIB ratios.

So i have decided to explore further and found that many indicators, equations, moving averages have a profound similarity with the patterns.

Like yesterday, in 30M chart, there was a clear reverse head and shoulder in GJ, at the same time, Murrey math and camrilla also sugessted a bullish formation, so did Moving average indicator and stocs.

I did not percieve this similarity earlier, as i was not experienced.

Now i can conclude with some facts that, no matter which system of indicator u use, its the over all experience in trading forex that counts.

so i correct my earlier statment and suggest everyone to go with whatever they feel good about and then stick to it.

I think its only hard work and experience that counts at the end of the day.

GBPUSD is looking bearish, good to go short now.
  • #37
  • Jun 18, 2009 10:22pm Jun 18, 2009 10:22pm
hmm what do u think about GJ ? .. does it falls .. until 155.00 or it will goes up
  • #38
  • Jun 25, 2009 3:06am Jun 25, 2009 3:06am
Quoting spiderforex
During the last few days, i been looking at FIB ratio more deeply and its relation with camrilla and Murrey math and interestingly, both the equation and very much similar to FIB ratios.

So i have decided to explore further and found that many indicators, equations, moving averages have a profound similarity with the patterns.

Like yesterday, in 30M chart, there was a clear reverse head and shoulder in GJ, at the same time, Murrey math and camrilla also sugessted a bullish formation, so did Moving average indicator and stocs.

I did not...
Dude, you gave up the ghost!
Trading no-indicator is fun.

I've been down the path you're on, except for making money.
Over five years ago, I experimented with trading no-indicator. 6 1/2 months ago, THV system thread was running, and I gave it a try. I liked patterns on a single price-time line, too. I came up with a method that was profitable for using them and also used some of the THV system. I was also messing around with my usual heiken ashi and also cog bands.
I used the Hull THV, THV3 T3, COG THV and smoothened heiken ashi. ( See bottom of page.) This worked really well for scalping and trending.

In fact, this was the last fully-successful method I've had. Problem was, it mostly obeyed the Random Walk Theory, that is, you had to depend on indicators to watch the price go below and above the Heiken Ashi Smoothened, using T3 and Hull crosses and other considerations of them while, often, COG positioned the lot for a long or short. I was comfortable with this approach.
I don't like being this comfortable, though. I don't like the Random Walk Theory. I believed the market does act purposely, we just have trouble understanding it. So I searched for six more months and came up with my current method, which I've completed the basics of and am cleaning up for use and presentation. It involves trendlines that are drawn from news and also from bar/candle spreads, using CDRW Spread (below) to get the spreads. Now, I seem to be able to predict the general area of every move, and just follow the pattern of the price-time line -- actually, now, I use heiken ashi again, because you can get more-sophisticated patterns from them than from a plain price-time line like you have -- and you get most moves right, depending on how fast and good at putting down the trendlines you are.

I hope the above helps you save time in your journey. Best of luck,
ha-pattern
Attached File(s)
File Type: mq4 COG THV.mq4   5 KB | 580 downloads
File Type: ex4 Heiken_Ashi_Smoothed.ex4   5 KB | 499 downloads
File Type: mq4 hull THV.mq4   2 KB | 608 downloads
File Type: ex4 THV3 T3.ex4   4 KB | 527 downloads
File Type: ex4 CDRW Spread.ex4   2 KB | 552 downloads
  • #39
  • Jun 30, 2009 2:10pm Jun 30, 2009 2:10pm
Quoting ha-pattern
Dude, you gave up the ghost!
Trading no-indicator is fun.

I've been down the path you're on, except for making money.
Over five years ago, I experimented with trading no-indicator. 6 1/2 months ago, THV system thread was running, and I gave it a try. I liked patterns on a single price-time line, too. I came up with a method that was profitable for using them and also used some of the THV system. I was also messing around with my usual heiken ashi and also cog bands.
I used the Hull THV, THV3 T3, COG THV and smoothened heiken ashi. ( See bottom...
Hi Ha
can you post a chart, please
mea
  • #40
  • Jul 22, 2009 8:09pm Jul 22, 2009 8:09pm
GO ej go touch the 135.......
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