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  • #41
  • Feb 15, 2010 3:26am Feb 15, 2010 3:26am
Quoting Ctic
That is the plan, unless I see something that tells me different. I currently have my TP set at 1.5740. but look at my 1 hr chart that is attached. Remember how I said always use more than one method since one backs up another. Here shown is the 200 SMA combined with the tunnel method. Notice how the 200 SMA (purple line) is at the top wall of the tunnel (red lines). Currently PA stopped and bounced off the bottom wall of the tunnel. I do think it should break and thus go to the top wall. The previous 15M chart has the 161.8 fib @ 1.5740 so hence...

I have been trying to set your template... but it seems never to coincide. It seems to me that u have MT4 as well, is it right?
I don't want a job, i want money!
  • #42
  • Feb 15, 2010 3:29am Feb 15, 2010 3:29am
Quoting Ctic
Long G/U @ 1.5628 (.4) SL 1.5540 Target 1.5740
G/U long closed @ 1.5681 due to second test of bottom wall failed and also happens to be top of triangle pattern that has seemed to form. May reneter if opportunity presents itself but position is flat for the moment. Easy money though..
Attached Image (click to enlarge)
Click to Enlarge Name: 1 hour.gif Size: 20 KB
  • #43
  • Feb 16, 2010 11:35am Feb 16, 2010 11:35am
Sorry all,

Being a new thread I need to make it habit posting my trades in here. I have forgotten a couple. Latest trade

Long G/U 1.5650 (.5) SL 1.5600. TP 1.5795.

Since then

SL amended 1.5660 same TP.

I will try to remember to stay on top of this in the future.
  • #44
  • Feb 16, 2010 11:43am Feb 16, 2010 11:43am
Quoting Ctic
Sorry all,

Being a new thread I need to make it habit posting my trades in here. I have forgotten a couple. Latest trade

Long G/U 1.5650 SL 1.5600. TP 1.5795.

Since then

SL amended 1.5660 same TP.

I will try to remember to stay on top of this in the future.
Long @ 5650 (.5) closed 5785. All positions flat for now. 1.5800 is the true test for the continued bulls IMHO.

C.
  • #45
  • Feb 16, 2010 8:06pm Feb 16, 2010 8:06pm
I've been thinking of adding more MA's to my charts for the compression effect. Nice info.
Quoting Ctic
The compression charts consist of multile EMA's and a SMA applied to the close of the candle.

The MA's are

6 EMA
18 EMA
36 EMA
54 EMA
72 EMA
90 EMA
108 EMA
126 EMA
144 EMA
200 SMA For the longer term.

It shows nicely the compressions price action thus gives you a heads up when a move is going to be made.
  • #46
  • Feb 16, 2010 11:28pm Feb 16, 2010 11:28pm
IMHO, since we broke the 5750 area of resistance I believe that we should push a bit further up. The 5800 here is the other point of resistrance here (hence why we stopped at it) but I think we will now use the 5750 as a support line. Currently I am flat on cable having closed my trade out much earlier anticipating a retrace down a bit. 11 hours later we are here at the same spot. Attached find the 4H chart using the weekly candle fibs. Look how the tunnel is coming onto the tunnel (red MA lines). 161.8 is always a target and with the tunnel there, I feel we have a good chance of hitting it. I plan on entering long again at either 2 points.

1. If we break 5800
2. If we get the daily retrace to the 61.8 fib or 50 fib as shown on 1H chart.

Also the compression has very nice release on the upside so I feel a continuation.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4 hour.jpg Size: 115 KB
Click to Enlarge Name: 1 hour.gif Size: 16 KB
  • #47
  • Feb 16, 2010 11:29pm Feb 16, 2010 11:29pm
Quoting Leche Mocha
I've been thinking of adding more MA's to my charts for the compression effect. Nice info.
No problem, That is what I started this thread for..information. Thank Dr. D for this one..

C.
  • #48
  • Feb 16, 2010 11:35pm Feb 16, 2010 11:35pm
The second two compression lines ar at the 76.4 and 61.8 fibs respectively. If we break, I think we may get a full release.

C.
Attached Image (click to enlarge)
Click to Enlarge Name: 1 hour.gif Size: 20 KB
  • #49
  • Feb 16, 2010 11:51pm Feb 16, 2010 11:51pm
Quoting Ctic
Dr. D,

Thanks for dropping in. I figured this would be a good way to share ideas, opinions etc. to teach and learn. I will plan on making more posts demonstrating the methods we use and will show how the compression fits in with what we do.

I will start with this one. Hopefully you can see the chart posted. look at the light blue line. That is the 6EMA Notice how it bounces off the 23.6 fib, up to the 50 fib, ect. with the final product of the lines consolidating around the 61.8 fib. Now this is the 1H chart with the daily single candle fibs...

Yes, I do refer to the 200ema and / or 200sma but strictly as major s/r zones
per TF and not in the same light as the compression patterns. It's outside my
desired c-range. I always keep Magix's four charts up on the screen which show
the 24sma, 55ema and 200ema.

D.
  • #50
  • Feb 16, 2010 11:56pm Feb 16, 2010 11:56pm
Quoting fourxtrader
Yes, I do refer to the 200ema and / or 200sma but strictly as major s/r zones
per TF and not in the same light as the compression patterns. It's outside my
desired c-range. I always keep Magix's four charts up on the screen which show
the 24sma, 55ema and 200ema.

D.
Dr. D,

Excellent information, thank you for sharing. I have spoke with Magix and I know his method works as well. He and I have very similar views.

C.
  • #51
  • Feb 17, 2010 12:47am Feb 17, 2010 12:47am
G/U long 5760 (.5) SL 5620
  • #52
  • Feb 17, 2010 1:02am Feb 17, 2010 1:02am
subscribed
  • #53
  • Feb 17, 2010 1:03am Feb 17, 2010 1:03am
Quoting uraceulose
subscribed
Excellent,

Welcome to the boardroom.

C.
  • #54
  • Feb 17, 2010 1:05am Feb 17, 2010 1:05am
Thank you C. I have been drawing up the fibs as you told me every day and every hour as I can. I'm still working till the middle of next month so I can't quite calculate them every hour when I'm at work...I'm going to trade a little more prime hours now though if possible so I should be able to keep up better.
Thanks again and I look forward to following along.

Donnie
  • #55
  • Feb 17, 2010 1:07am Feb 17, 2010 1:07am
Quoting uraceulose
Thank you C. I have been drawing up the fibs as you told me every day and every hour as I can. I'm still working till the middle of next month so I can't quite calculate them every hour when I'm at work...I'm going to trade a little more prime hours now though if possible so I should be able to keep up better.
Thanks again and I look forward to following along.

Donnie
How have they been working for you? Does it seem to help? any feedback would be nice.

C.
  • #56
  • Feb 17, 2010 1:19am Feb 17, 2010 1:19am
Yes, to be honest for me. They make trading a lot less stressful for me. I can just sit back and wait for the pa at the fib lines and pivots and base everything more or less off of that. Fundamentals of course will affect the price always but I'll just stay out if unsure.
Anyway, here is the fib that I drew up for february and have been watching on the daily.

GU chart

Attached Image (click to enlarge)
Click to Enlarge Name: boardroom delete.gif Size: 25 KB
  • #57
  • Feb 17, 2010 1:59am Feb 17, 2010 1:59am
Quoting uraceulose
Yes, to be honest for me. They make trading a lot less stressful for me. I can just sit back and wait for the pa at the fib lines and pivots and base everything more or less off of that. Fundamentals of course will affect the price always but I'll just stay out if unsure.
Anyway, here is the fib that I drew up for february and have been watching on the daily.

GU chart

Attachment
Good job,

Don't forget to add the targets 1.382, 1.618 -.382 and -.618. They help.
  • #58
  • Feb 17, 2010 2:54am Feb 17, 2010 2:54am
Quoting Ctic
G/U long 5760 (.5) SL 5620
G/U 5760 (.5) closed partial (.3) @ 5810.

Remaining
G/U 5760 (.2) s/l amended to 5765
  • #59
  • Feb 17, 2010 3:15am Feb 17, 2010 3:15am
Quoting Ctic
G/U 5760 (.5) closed partial (.3) @ 5810.

Remaining
G/U 5760 (.2) s/l amended to 5765
Remaining trade stopped out @ 5765. Positions are flat atm but looking for another good long entry.
  • #60
  • Edited 4:39am Feb 17, 2010 3:50am | Edited 4:39am
Long cable 5750 (.4) SL open atm.
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