Inserted Video
Cable Update (GBPUSD)
- #240,381
- Jul 22, 2010 8:23pm Jul 22, 2010 8:23pm
- | Additional Username | Joined Sep 2009 | 8,623 Posts
- #240,382
- Jul 22, 2010 8:28pm Jul 22, 2010 8:28pm
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
- #240,383
- Jul 22, 2010 9:09pm Jul 22, 2010 9:09pm
- | Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts
*******************
I'd rather make money than be right.
- #240,384
- Jul 22, 2010 9:14pm Jul 22, 2010 9:14pm
- | Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts
*******************
I'd rather make money than be right.
- #240,386
- Jul 22, 2010 9:47pm Jul 22, 2010 9:47pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #240,388
- Jul 22, 2010 10:02pm Jul 22, 2010 10:02pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
I like to see those rainbow ma's on a clean chart without even price in the way .. below is 15 min and 60 min chart ... clearly energy is building....
They are a lot harder to trade off of then you would first imagine.
If your interested, I have attached the tpl...if nothing else, it might just add a little more color to your day.
Study Guppy's system for the rainbow trades, there are a few threads committed to it here on the factory.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #240,389
- Jul 22, 2010 10:03pm Jul 22, 2010 10:03pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #240,391
- Jul 22, 2010 10:06pm Jul 22, 2010 10:06pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #240,392
- Jul 22, 2010 10:08pm Jul 22, 2010 10:08pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #240,393
- Jul 22, 2010 10:10pm Jul 22, 2010 10:10pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #240,395
- Jul 22, 2010 10:32pm Jul 22, 2010 10:32pm
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
M5:
Don't be a hero. Don't have an ego. Always question yourself
- #240,397
- Jul 22, 2010 10:53pm Jul 22, 2010 10:53pm
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
M5:
Attachment
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #240,398
- Jul 22, 2010 11:07pm Jul 22, 2010 11:07pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
hello bos..
how your trade this week?
i use 5 different chart for trade GU to know where it going, to pick bottom and top..
now i trade GU,EU,AUD,NU and UCAD..
doing great...some loss and some win trade..
but what important in there end off day..knowing wining trade is more then loss trade..
just have to believe on myself..
always move SL on BE..
1pips is more enough than float -VE..
Keep your faith my friend. What you are doing seems to be working, and yes, its not about feeling like you have to win every trade or be right all the time, it is about the balance sheet end of the week.
Congrats on your week...hopefully Friday will close a few more for ya!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #240,399
- Jul 22, 2010 11:31pm Jul 22, 2010 11:31pm
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
I have played with the same before as well...
They are a lot harder to trade off of then you would first imagine.
If your interested, I have attached the tpl...if nothing else, it might just add a little more color to your day.
Study Guppy's system for the rainbow trades, there are a few threads committed to it here on the factory.
averages... a higher set of 6 which was only in a range of 30 - 60 periods representing long term investor
mood and a lower set of 6 from 3 - 15 for the short term traders. (3, 5, 8, 10, 12 and 15 for traders and
30, 35, 40, 45, 50, 60 for investor)
Adding any more or variation from this is not the Guppy GMMA's. Alan Hull later made his slight variations
extending some of ma's beyond the 15 or the 60. Both came from stock market experience. A forex trader
in the FF (Linuxtroll) presented the multiple color array of many more moving averages in larger ranges
and promoted certain characteristic patterns such as the roll-over of price reversal like a wave that crests
and curls over. I liked the colors but would found it too busy.
Guppy often spoke of the separations between his two groupings as the trend became more committed, of
the bubble patterns of price exhaustion and the convergence of the groupings as price weakened. He suggested
(from what I gathered in studying his work) that the moving averages on the charts would actually show the
short term traders moving or behaving independently of the longer term investor or the reverse as though
one type was without influence of the other when they (the ma grouping) both are directly connected.
I could never get my head around the concept that from the same chart tf, price action was telling two
different stories; that two distant and distinctly different views (moods) (investor vs trader) could appear
and be represent on the same single chart.
I know Guppy and Hull both focused more on how these two groups behaved with and against each other
(groups drawing closer or pulling apart) on the charts as the short term (lower ma's) reacted to sentiment
of price change vs. the long term (higher ma's) as though one might change without the other when they
both are graded from the same price action.
However, this statement by Guppy has intrigued me from the beginning.
"When both groups compress at the same time it alerts the trader to increased price volatility and the
potential for good trading opportunities."
That is the basis for my interests and fascination in watching the compression charts purely as a timing
tool... and the phenomenon created as the ma's gather building potential energy, compress and release
abruptly their kinetic energy. I don't look upon the higher ema's any different than the lower when they
each behave precisely according to their individual graded moving periods.
I use 6, 18, 36, 54, 72, 90, 108, 126, 144 which are evenly spread (except for 6) by 18 periods and look
at them collectively. A 6 - 72 isn't going to behave in an opposing fashion with 72 - 144 since they are
all joined together mathematically. I use exponential as this seems to offer less lag, are more reactive
while maintain smooth patterns (applied to close).
Earlier I frustrated myself limiting my view as a method of determining direction and soon discovered I
was trying to make something out of nothing wishing to find direction from a directionless situation relative
to the particular time frame in view when all the lines were flat or bunched. Clearly a sign of indecision.
But the power of their use in compression patterns is the longer the indecision passed and the gathering
and tightening of the lines the more violent the eventual reaction and price movement would occur.
So the gradual compression then sudden release simply represents a moment where prior indecision in
the market mood on direction and agreement on price value (relative to the time frame) abruptly ends
and then becomes decisive with a direction offered and finally disagreement on price value is represented
when the ma's are widely separated. Each condition and extreme (tight compression and wide bubbling)
are unnatural, unstable states.... neither can be sustained for long periods as long as there are traders
wishing to trade. A simple example of the two opposite states of air... compressed vs vacuum. Neither
are stable states. The compression of ema's is like sqeezing down on a coiled spring and the bubble or
expanded ema's is like pulling the spring apart to an extended state.... both want to release back to a
more stable condition... but the mood of the markets won't allow the neutral state as long as there are
buyers and sellers wanting to make their exchanges.
Dr. D.