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Attachments: 515 Eurofighter System
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515 Eurofighter System

  • #161
  • Jul 15, 2009 8:18am Jul 15, 2009 8:18am
Quoting Nur
Hello,

Thanks for attached the updated template. I'm still trying to understand your thread.
Hello Nur...my fellow Malaysian,

You are most welcome. I always have my template updated whenever I have something to add/change in my chart. So, keep on watching the progress of this thread if you want to get the latest template.

All the best to you and keep in touch...
  • #162
  • Edited 9:44am Jul 15, 2009 9:02am | Edited 9:44am
Quoting orangeRANGE
Let us look at the 5m chart below.

It is very important to favour only 1 direction during a fast trending like market such as now.

During a fast trending market, which in this case is an uptrending market, the price is hardly close below 21EMA. Most of the time, it will be only riding above the 10EMA (Vice versa if the market downtrending very fast).

If you missed the entry in the beginning of the trend, simply wait the next SWING LOW......
Here is another signal (see orange vertical line) for LONG entry. Once again the 50SMA has become the support here.

The 10p SL/TP strategy is used here since we are only refering to the 5m stochastic SWING LOW.

Comments/questions are most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 39 KB
  • #163
  • Jul 15, 2009 9:09am Jul 15, 2009 9:09am
i think the market is slow down .....

the M5,M15 is high up ........

so i sell the eurusd,but i set the stoploss is 20pips,the TP is 10pips....

first time i get 10pips....lol

Attached Image (click to enlarge)
Click to Enlarge Name: 20090715second.gif Size: 18 KB


Attached Image (click to enlarge)
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  • #164
  • Edited 9:44am Jul 15, 2009 9:26am | Edited 9:44am
Quoting ssq
i think the market is slow down .....

the M5,M15 is high up ........

so i sell the eurusd,but i set the stoploss is 20pips,the TP is 10pips....

first time i get 10pips....lol

Attachment

Attachment
Haha..congrats...!!!

By the way why your MTF Stochastic Bar indy overlaying the price at the top right of your chart? Can you widen your chart next time so that it will be easier for me and the others see where you made your entry?

Thanks...and well done...
  • #165
  • Jul 15, 2009 10:04am Jul 15, 2009 10:04am
Be prepared for this SWING HIGH of H4 stochastic. Look at the PA against the PW 1.4110.

The PA in H1 also giving some sign of rteracement. Use lwer TFs (15m and 5m) if you wish to do the CT trade here.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 56 KB
Click to Enlarge Name: eu2.gif Size: 47 KB
  • #166
  • Jul 15, 2009 10:27am Jul 15, 2009 10:27am
Quoting orangeRANGE
Here is another signal (see orange vertical line) for LONG entry. Once again the 50SMA has become the support here.

The 10p SL/TP strategy is used here since we are only refering to the 5m stochastic SWING LOW.
Here are another 2 LONG signals based on 5m stochastic SWING LOW only. Really2 nice support @ 50SMA.

If you apply the 10p SL/TP rules here, this already give you 20pips profit so easily.

Comments/questions are most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 40 KB
  • #167
  • Jul 15, 2009 10:44am Jul 15, 2009 10:44am
Hello...

Before I go to bed, please take a look at my H4 chart as below.

There are 2 rectangulars shown here which I think that the price pattern in rectangular #2 might repeat the same pattern as rectangular #1.

If the stochastic will make its SWING HIGH and the PA in sync with it...we will see some nice retracement here, where we can do some great Counter Trend (CT) trade to take advantage from this situation.

Also, please take note that loads of resistance TLs above the price right now. This could be very fun.

Comments/questions are most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 57 KB
  • #168
  • Jul 15, 2009 6:41pm Jul 15, 2009 6:41pm
Hi

OrangeRANGE could You post RSIBar indicator because that one from #1 post it's broken (when I open it in metaeditor there only emplty init,deinit and start functions) ?

Regards
  • #169
  • Jul 15, 2009 9:49pm Jul 15, 2009 9:49pm
Quoting nelreth
Hi

OrangeRANGE could You post RSIBar indicator because that one from #1 post it's broken (when I open it in metaeditor there only emplty init,deinit and start functions) ?

Regards
I'm sorry for the all the troubles. Here it is
Attached File(s)
File Type: mq4 RSIBar.mq4   2 KB | 192 downloads
  • #170
  • Jul 15, 2009 10:37pm Jul 15, 2009 10:37pm
Hello all...

Here what I can see for the market today:-

D1
The price is riding above the 50SMA, and it is definitely an uptrending market right now. However, watch over the resistance TLs above it as well.

H4
As I said in my last post yesterday (post #167) the similar pattern is now occurs in the rectangulars #2. The stochastic did make the SWING HIGH exactly @ the PW 1.4110 (see the spinner candle inside the box) and the price respecting the resistance TLs at this area. A very nice place to do the CT trade.

H1
Stochastic at SWING LOW level right now but per H4, I still anticipating that the rebounce will be somewhere around the aquaregion here. Watch the PW 1.4030 for the TC upside move for today.

The uptrending is back in control, but I predict that we will maybe see another ranging period soon since there are loads of resistance from the upper side of the price.

Use lower TFs (515 Strategy) for this tricky market.

Comments/questions are most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 49 KB
Click to Enlarge Name: eu2.gif Size: 56 KB
Click to Enlarge Name: eu3.gif Size: 46 KB
  • #171
  • Jul 15, 2009 10:58pm Jul 15, 2009 10:58pm
Alright...

As per post #167, I would then favour for any SHORT entry that is possible. Since the 15m stochastic didn't give so much great signals after the retracement from PW 1.4110, the only thing I can do is refering to the 5m stochastic SWING HIGH signal.

The orange vertical lines as per chart below are the examples of SHORT entry signal using the 10p SL/TP strategy and rules (signal is only based on 5m stochastic SWING HIGH/LOW).

I would also considering SHORT entries at 2 rectangulars here since most of the time (and from my own experience) the price resisted @ 50SMA during the retracement.

Overall, 70pips is already in hand from all these signals.

Comments/questions are most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 45 KB
  • #172
  • Jul 15, 2009 11:03pm Jul 15, 2009 11:03pm
Make up your mind where you're gonna post and post there. Just quit spammin the EU thread for viewers for this thread.

You're the only guy in FF that does that sort of thing, it's lame and it's really getting old. You can stop on your own or the mods will do it for you like they already did with two of your +24 Spam ads and park them in the Recycle bin where they belong.

If anybody is interested in your thread, they'll read it and if they're not... you'll have to deal with it, but spammin the EU thread or any other thread is not cool and will get you more of the kind of attention you don't want....

In case you still don't get it, "cut and paste" links, or whatever you call it needs to stop.

This is the "polite" version.

Next attempt goes to Twee and with a couple dozen spam ads or more on the books already, it looks like a no brainer...
FUBAR...
  • #173
  • Jul 15, 2009 11:07pm Jul 15, 2009 11:07pm
Quoting ak4x
Make up your mind where you're gonna post and post there. Just quit spammin the EU thread for viewers for this thread.

You're the only guy in FF that does that sort of thing, it's lame and it's really getting old. You can stop on your own or the mods will do it for you like they already did with two of your +24 Spam ads and park them in the Recycle bin where they belong.

If anybody is interested in your thread, they'll read it and if they're not... you'll have to deal with it, but spammin the EU thread or any other thread is not cool and will...
Nanananana........................

I'm not selling anything....................and I am talking abt EU...ain't hurt anybody....got that...?
  • #174
  • Edited 11:41pm Jul 15, 2009 11:12pm | Edited 11:41pm
click this link for the latest and greatest...

http://www.forexfactory.com/showthread.php?t=177543
FUBAR...
  • #175
  • Jul 15, 2009 11:32pm Jul 15, 2009 11:32pm
Quoting ak4x
click this link for the latest and greatest...

http://www.forexfactory.com/search.php?searchid=6867027
owhhh...cool.............
  • #176
  • Jul 16, 2009 4:37am Jul 16, 2009 4:37am
Quoting orangeRANGE
The uptrending is back in control, but I predict that we will maybe see another ranging period soon since there are loads of resistance from the upper side of the price.
Alright...

This is a very quick update here:-

We have seen the H4 stochastic move down very fast so far but the price still seems to be supported by the 8EMA.

If I am right, price will revisit the PW 1.4110 and probably will retest the resistance TLs very hard again later today. Just wait and see.

Loads of potential pips to be grabbed in 15m and 5m TF today.

Comments/questions are most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 54 KB
  • #177
  • Jul 16, 2009 5:23am Jul 16, 2009 5:23am
I have a very simple definition of an uptrending/downtrending market. If the price stay above 50SMA, it will be the uptrending market. Vice versa for a downtrending market.

As such, during an uptrending market right now, I really like to open my other chart which is much more simplified from what we have in this system. No Trend Lines and no other MAs.

I only have Equidistant Channel, 50SMA and fibonacci levels in my H4 chart as below. At least, I have a little relaxing chart for my eyes once in a while....

As we all know, the market moves in wave. So, during a trending market I will closely watching what the Price Action (PA) vs Stochastic are doing when the market reach @ certain Price Wave. When I feel "something" is going on, then I will go back to the original method as per the system in this thread.

As per chart below, you can also clearly see what happened to the market when the price reach at certain PW. Sometime it will ignore the PW, but most of the time "something" is always happening. Simply put, the PW are like stairs. You can do your own research yourself if you feel doubtful about it.

So, this is just another way for me to read the market emotion.

Comments/questions are most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 47 KB
  • #178
  • Edited 6:07am Jul 16, 2009 5:56am | Edited 6:07am
Just look at this lonngggggggggggggggg sting-tail against the TLs...!!! And also look at the stochastic and the momentum...must get @ least 10pips profit from this signal based on the 10p SL/TP rules....

Nice one...!!!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 40 KB
  • #179
  • Jul 16, 2009 6:09am Jul 16, 2009 6:09am
Pipars, SpyderFX and kriid8, I always see you guys visiting this thread...you guys can start posting here...its okay....
  • #180
  • Jul 16, 2009 6:43am Jul 16, 2009 6:43am
Greetings Mr. Orange

Been following your thread for the last 2 weeks, i must say i like it a lot. Started backtesting seriously this week and made some nice pips. So thank you again for your good job here.
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