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  • #32,301
  • Mar 3, 2010 7:27am Mar 3, 2010 7:27am
Hey,

I know this is going to seem like a bit of an odd question, but how 'zoomed' into your current trading windows do you go?

I ask because I have just been looking at some of BKG's charts and was thinking that they are fairly differnt to mine. I then 'zoomed' out and as there is a large variance in the highest trade and the lowest trade all my candles narrowed up and the wicks grew and a lot of the candles looked more familiar to signals I should be recognising.

Therefore I was wondering if there was an 'optimum' or a mutual agreed rate for this thread.

So..... which is it?

ps... I asked earlier and I am not sure anyone saw it, but after EO's post about picking up the 15min 200 bounce, did anyone get both bounces and if so, what did you see/do to get them?

Regards

Lee
  • #32,302
  • Mar 3, 2010 7:35am Mar 3, 2010 7:35am
Quoting leemonk
Hey,

I know this is going to seem like a bit of an odd question, but how 'zoomed' into your current trading windows do you go?

I ask because I have just been looking at some of BKG's charts and was thinking that they are fairly differnt to mine. I then 'zoomed' out and as there is a large variance in the highest trade and the lowest trade all my candles narrowed up and the wicks grew and a lot of the candles looked more familiar to signals I should be recognising.

Therefore I was wondering if there was an 'optimum' or a mutual agreed rate...
I was asleep when price went down to the 200ma but it was at pa from yesterdays high, a perfect shot for a long with a 20-30 pip s/l IMHO
Please ask questions and share your experiences with us all!
  • #32,303
  • Mar 3, 2010 7:44am Mar 3, 2010 7:44am
Starting to look like my 4hr which closes in 17 minutes may be showing a short also.I will post it after it closes.
Please ask questions and share your experiences with us all!
  • #32,304
  • Mar 3, 2010 7:47am Mar 3, 2010 7:47am
Quoting leemonk
Hey,

I know this is going to seem like a bit of an odd question, but how 'zoomed' into your current trading windows do you go?

I ask because I have just been looking at some of BKG's charts and was thinking that they are fairly differnt to mine. I then 'zoomed' out and as there is a large variance in the highest trade and the lowest trade all my candles narrowed up and the wicks grew and a lot of the candles looked more familiar to signals I should be recognising.
I know what you are talking about. Basically what you want to do
is scale the chart so it is easy for you to identify candles. Some peoples charts are so stretched that every candle has these huge wicks coming off either side and it looks horrible. Just use a little trial and error, find something that looks right to you and then stick with that scale so you get used to it. There is no right or wrong.
Cap
  • #32,305
  • Mar 3, 2010 7:53am Mar 3, 2010 7:53am
Quoting leemonk
Hey,

I know this is going to seem like a bit of an odd question, but how 'zoomed' into your current trading windows do you go?

I ask because I have just been looking at some of BKG's charts and was thinking that they are fairly differnt to mine. I then 'zoomed' out and as there is a large variance in the highest trade and the lowest trade all my candles narrowed up and the wicks grew and a lot of the candles looked more familiar to signals I should be recognising.

Therefore I was wondering if there was an 'optimum' or a mutual agreed rate...
I like to have a 250-300 pip range on my 15m charts but that is just me and like Captain said it is up to you and how you can see the moves better
Please ask questions and share your experiences with us all!
  • #32,306
  • Mar 3, 2010 8:16am Mar 3, 2010 8:16am
Quoting bkg102665
Starting to look like my 4hr which closes in 17 minutes may be showing a short also.I will post it after it closes.
NOT!!
Please ask questions and share your experiences with us all!
  • #32,307
  • Mar 3, 2010 8:39am Mar 3, 2010 8:39am
Quoting leemonk

ps... I asked earlier and I am not sure anyone saw it, but after EO's post about picking up the 15min 200 bounce, did anyone get both bounces and if so, what did you see/do to get them?
Hi Lee.

Something I picked up from one of EO's posts on the thread regarding the 200 sma (I don't know the post number and EO can pull me up if I've said something that's incorrect or not really applicable. The words are my take on what he posted.)

"Most institutional traders have the 200sma on ALL their time frames.

When price approaches the 200sma there is usually some action, in a similar way as for major s/r e.g., the opportunity to play a counter-trend bounce/pull back to the ma’s, or wait for the pull back for a with trend entry. As always, 15m PA and/or confluence with higher TF S/R levels & candle formations is good for confirmation.

When she's trending, price can go up (or down) the TF’s from 200sma to 200sma i.e., we clear the 15m 200sma and next in line is the h1 200sma. Clear that and the h4 200sma etc"

200 sma trades can be taken as touch trades or, as in the case of the two visits earlier, you can wait to see if 15m pa forms like the two DBLHC with a subsequent retrace down the combined wick for a better entry long (smaller SL). There was also the 1498x resistance from the prior day which now acted as support

Not always easy to "jump" in in the heat of the moment, and not 100% guaranteed to work but, as with many of the elements of this method, it happens time and time again in varying conditions.

Macc
  • #32,308
  • Mar 3, 2010 9:07am Mar 3, 2010 9:07am
Hi all,

I hope everybody is making pips.
  • #32,309
  • Mar 3, 2010 9:21am Mar 3, 2010 9:21am
Quoting macc
Hi Lee.

Something I picked up from one of EO's posts on the thread regarding the 200 sma (I don't know the post number and EO can pull me up if I've said something that's incorrect or not really applicable. The words are my take on what he posted.)

"
Hi Lee.

I just found the EO post I was referring to. It's #27794

As I mentioned, I've added in a bit of fluff to EO's words for my own better understanding but the 200 sma does hold importance. I treat it as floating major s/r
  • #32,310
  • Mar 3, 2010 9:50am Mar 3, 2010 9:50am
Quoting macc
......."Most institutional traders have the 200sma on ALL their time frames.
Ah.... I am still very much reading through the material, but can not resist (now and again) checking in to see that I understand things. I am chatting with another trader here and it seems I am getting there ... slowly. But my point in this particular reply is that I setup as the manual (the download) states EO does. So I only have the 200sma on the 15min and 1hour. Should I add it to the others?

Quoting macc
When she's trending, price can go up (or down) the TF’s from 200sma to 200sma i.e., we clear the 15m 200sma and next in line is the h1 200sma. Clear that and the h4 200sma etc"
Can I ask for more clarifcation on this.

If PA is bearish and bounces off the 15 min 200SMA where are the other TF 200sma's are likely to be?

Are you suggesting that the price will bounce between them or are you suggesting that if it goes through one then you look for it to bounce off another.

I am sorry if my question is confusing but I do not have enough chart time to understand where the TF 200sma's will be in relation to eachother.

Regards

Lee

ps... Captain and BKG - thank you for your replies too!
  • #32,311
  • Mar 3, 2010 9:51am Mar 3, 2010 9:51am
Quoting macc
Hi Lee.

I just found the EO post I was referring to. It's #27794

As I mentioned, I've added in a bit of fluff to EO's words for my own better understanding but the 200 sma does hold importance. I treat it as floating major s/r
Speaking of that the eur/usd is making its way to the 200ma on the 4hr and I have a resistance line at 1.3790 where they should all come together nicely
Please ask questions and share your experiences with us all!
  • #32,312
  • Mar 3, 2010 9:54am Mar 3, 2010 9:54am
Quoting bkg102665
Speaking of that the eur/usd is making its way to the 200ma on the 4hr and I have a resistance line at 1.3790 where they should all come together nicely

BKG..... Thats a whole other paid.... give me a chance I'm still finding my way around the GU
  • #32,313
  • Mar 3, 2010 10:01am Mar 3, 2010 10:01am
Quoting leemonk
BKG..... Thats a whole other paid.... give me a chance I'm still finding my way around the GU
Just trying to help a brother (or sister) out cause thats what we do!! As my son would say "Thats how we roll!!"
Please ask questions and share your experiences with us all!
  • #32,314
  • Mar 3, 2010 10:26am Mar 3, 2010 10:26am
Hey mary4x!!
Please ask questions and share your experiences with us all!
  • #32,315
  • Mar 3, 2010 10:41am Mar 3, 2010 10:41am
Hi Lee,

If you go to the bottom of page 2/top of page 3 of the original thread PDF where the ma's for the 15m chart are mentioned, you will see an additional note making reference to post #335 where EO states "the 50ema and 200sma are on all my charts".

If you take today's action at the 15m 200sma where price was moving down towards the 200sma from above, it then produced reversal (bullish) PA in the form of a DBLHC and so moved back North (long). The 1h 200sma would be next on the Northward move, then the 4h 200sma was higher up again, and finally the daily 200sma higher up still.

Higher time frame 200sma's can reside at different levels depending on which opening/closing times your charts are set to. Mine are GMT so, for example, my 4h candles open at Midnight, 4am, 8am, 12pm GMT etc.

So in today's example, when we had the first DBLHC at the 15m 200sma, my 15m 200sma was at 14982, my 1h 200sma was at 15280, my 4h was at 15750 and my daily was at 16235.

Obviously, nothing is set in stone, but I took EO's original post to suggest that once one time frame 200sma has been broken through, it's conceivable to target the next time frame 200 sma. Obviously, other significant levels/events could reside between 200smas to prevent this from being the case.

Turning back to today's example, remember that price had broken through the 15m 200sma from the underside during the Asian session (an example of where the 200sma didn't cause price to pause/pull back) . It could be said that the return to the 200sma around 7.15am GMT was a retrace/retest before continuing the move North.

Long winded response but hope that helps. Let me know if not
  • #32,316
  • Mar 3, 2010 10:46am Mar 3, 2010 10:46am
Hi, bkg. I appreciate what you're doing to help a sister out. This discussion about what the MA's are for is especially helpful. Thanks, Macc. (Leemonk is braver than I am and is asking good questions.)
  • #32,317
  • Mar 3, 2010 10:58am Mar 3, 2010 10:58am
Quoting bkg102665
Speaking of that the eur/usd is making its way to the 200ma on the 4hr and I have a resistance line at 1.3790 where they should all come together nicely
gbp/usd headed to the 200ma on the 1hr which has had some good s/r at 1.5260 area so be looking for it (maybe tomorrow). To get there it will have to get through a trend line I have coming down from feb. 17 so we will have to see what happens there.
Please ask questions and share your experiences with us all!
  • #32,318
  • Mar 3, 2010 11:10am Mar 3, 2010 11:10am
Quoting bkg102665
gbp/usd headed to the 200ma on the 1hr which has had some good s/r at 1.5260 area so be looking for it (maybe tomorrow). To get there it will have to get through a trend line I have coming down from feb. 17 so we will have to see what happens there.
Fairly heavy news day tomorrow too so could be a lively day. I think I can hear EO and Pippinole reversing their GM pip trucks onto the driveway now in preparation
  • #32,319
  • Mar 3, 2010 11:13am Mar 3, 2010 11:13am
Quoting macc
Fairly heavy news day tomorrow too so could be a lively day. I think I can hear EO and Pippinole reversing their GM pip trucks onto the driveway now in preparation
We just got done moving the one's we filled up today and started on new ones. We do have fleet waiting though!!
Just digging in the trenches like everyone else!
  • #32,320
  • Mar 3, 2010 11:17am Mar 3, 2010 11:17am
Here's my h4. You can see the bottom and top trendlines. I'm targeting the top with my longs to fill the gap then I'm looking for a smack down.
Attached Image (click to enlarge)
Click to Enlarge Name: h4.PNG Size: 42 KB
Just digging in the trenches like everyone else!
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