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  • #13,341
  • Aug 1, 2010 4:10pm Aug 1, 2010 4:10pm
Quoting TradeBoss
If you are a forex trader and you aren't paying attention to the news then you are ASKING to be bit in the rear.

Let me give you a good example of why that is.

It was Greece that caused the massive weakening in the Euro....
All of that is a very long winded way of saying that everyone hoping to trade forex profitable NEEDS to be paying CLOSE attention to the news


I think you have picked the wrong thread!

We trade PRICE here on Strat's thread Not the news.
  • #13,342
  • Aug 1, 2010 4:24pm Aug 1, 2010 4:24pm
Quoting simpleman
This pair is in range bound since last few months and the range is almost 1100 pips between 58 - 69. Recently it has been making HH & HL and seems likely to go to 65 again. If price goes above the hammer I will be buyer at 63.20 with stop at 62 and exit at 64.60 previous HH.

Not to mention this pair along with AUDJPY has SR Zones which you don't see on my charts.

Any comments will be welcomed.

Thanks
AS
Although this bar looks good on the worker its a mess on the Boss!

I prefer NSD/USD with a much better Boss and not to much overhead R
Attached Image (click to enlarge)
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  • #13,343
  • Aug 1, 2010 4:31pm Aug 1, 2010 4:31pm
Quoting Jideck
Hi Kaunasnyhttp://cdn.forexfactory.com/images/icons/icon7.gif

I am waiting to see a better resolution of this "break". You can see that on my chart the candle is above the DSIR line.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
Hey Jideck,
Great to see you posting again.

Price looks to be closed under the monthly DSRI but above the weekly with the daily doing an inside bar test of the weekly DSRI (my data) so I'll be waiting to see what the buyers are going to do at these levels. Should be interesting as always. Cheers.

John
Attached Image (click to enlarge)
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Finally out of the shadows.
  • #13,344
  • Aug 2, 2010 6:32am Aug 2, 2010 6:32am
Quoting gaf
Hey Jideck,
Great to see you posting again.

Price looks to be closed under the monthly DSRI but above the weekly with the daily doing an inside bar test of the weekly DSRI (my data) so I'll be waiting to see what the buyers are going to do at these levels. Should be interesting as always. Cheers.

John
What are the thick red and blue MAs on your chart and why?
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,345
  • Aug 2, 2010 7:57am Aug 2, 2010 7:57am
Quoting Lou
Keep a knockin' but you can't come in
Keep a knockin' but you can't come in
Come back tomorrow night and try it again




Thanks simpleman....
Any words of experience from others regarding Weekly is appreciated.

Lou, you're getting like my trouble and strife - a broken record!

You keep asking this over and over and over and over and...........

Read and UNDERSTAND the thread you are on NOW.

Learn PASR - it is easy on the Boss, even easier on the Big Boss BUT you need an almighty trading account and a "forget it and leave it" mentality.

Throw your frigging squiggly line charts with the Barry SR indicator on away for good and START LEARNING PASR and start EARNING MONEY!

Talk about leading a horse to water!
Attached Image (click to enlarge)
Click to Enlarge Name: boss usdchf.gif Size: 41 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,346
  • Aug 2, 2010 8:55am Aug 2, 2010 8:55am
Quoting strat
What are the thick red and blue MAs on your chart and why?

Hey Strat,
They are part of the MT4 template I made to enable me to switch between daily/weekly/monthly time frames without having to load a new chart with a separate template. Is there another way to do this?

I am aware they are meaningless on the monthly (for the type of trading we do) if that is what you are driving at.

I also know we are not supposed to have any other extraneous info on our charts but it drives me crazy having to keep a separate chart open as there ends up being a zillion tabs at the bottom of the screen. As you may have gathered I'm not very good with MT4 so helpful hints from anyone would be most welcome.

Sorry to distract you. Thanks in advance. Cheers.

John
Finally out of the shadows.
  • #13,347
  • Aug 2, 2010 9:14am Aug 2, 2010 9:14am
Quoting gaf
Hey Strat,
They are part of the MT4 template I made to enable me to switch between daily/weekly/monthly time frames without having to load a new chart with a separate template. Is there another way to do this?

I am aware they are meaningless on the monthly (for the type of trading we do) if that is what you are driving at.

John
Hi John,
I think what you meant is daily MAs on dailey chart and weekly MAs on weekly chart.
On your MT4 in the menu on the top click insert, click indicators and click moving averages. On moving averages window you will see tab "visualization", click on the tab and you will see a check on "all time frames", just remove the check and put check where you want to see your moving average.
Hope it will help.
  • #13,348
  • Aug 2, 2010 9:19am Aug 2, 2010 9:19am
Quoting gaf
Hey Strat,...
John - the more information you put on your chart - the more invitations you are giving to your Little People. They will drive you round the bend and back again and ream your ass in the process.

You ONLY need your 20 and 50 on ANY time frame. Look at your 20 and 50 on the Big Boss - they are telling you FAR MORE than that thick red or blue piece of shit.

If you don't know what they are telling you, go back to the beginning of The Path of Learning and read and UNDERSTAND.

SIMPLE analysis is SIMPLE trading which is PROFITABLE trading.

COMPLEX analysis is CONFUSION trading which is LOSING trading.

Taking short cuts will be the death of your trading career.

THERE ARE NO SHORT CUTS IN LEARNING TO TRADE.

Confucius to Glasshopper:

Passionate kiss like spider's web - soon lead to undoing of fly!

15 YEARS OF PASR ON FOREX FACTORY!
  • #13,349
  • Aug 2, 2010 10:17am Aug 2, 2010 10:17am
Quoting strat
I found more reasons NOT to trade it than trade it.

Me and EURCHF don't really get on all that well!
Looks like I was only dreaming.

Few months ago I would have jumped on this Sunday night.

Now I wait...and wait...and wait.....until I SEE.......

So I carry on watching this one.
  • #13,350
  • Aug 2, 2010 11:00am Aug 2, 2010 11:00am
Quoting strat
John - the more information you put on your chart - the more invitations you are giving to your Little People. They will drive you round the bend and back again and ream your ass in the process.

You ONLY need your 20 and 50 on ANY time frame. Look at your 20 and 50 on the Big Boss - they are telling you FAR MORE than that thick red or blue piece of shit.

If you don't know what they are telling you, go back to the beginning of The Path of Learning and read and UNDERSTAND.

SIMPLE analysis is SIMPLE trading which is PROFITABLE trading.

COMPLEX...
Hey guys,
Thanks for the quick replies! So I can axe the 100/250 on the Big Boss TF which is awesome (thanks simpleman)

Strat I'm confused now as I thought we used the 20 50 100 250 on the worker and boss (post 50) so that we can see the bigger picture (as it concerns the MAs) on the worker and boss without going up a TF.

Since I usually check out the boss separately to study the PA, are you telling me that the 100 250 can be dispatched as they are distracting? Since I view both TFs anyway it would be nice to clean up my charts a bit more.

I’m not into shortcuts (they usually get me lost) however I am into streamlining so thanks for the helpful info. Cheers.

John
Finally out of the shadows.
  • #13,351
  • Aug 2, 2010 11:21am Aug 2, 2010 11:21am
Quoting gaf
Hey guys,
Thanks for the quick replies! So I can axe the 100/250 on the Big Boss TF which is awesome (thanks simpleman)

John
You will keep 100/250 on weekly. See the sample attached.
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  • #13,352
  • Edited 1:53pm Aug 2, 2010 11:55am | Edited 1:53pm
Quoting simpleman
You will keep 100/250 on weekly. See the sample attached.
It seems that something so SIMPLE has led to so much CONFUSION.

The 100 and 250 MA's cannot be used on the Boss because it would be an inaccurate reflection of the Big Boss 20/50 MA's.

We use the 100 and 250 on the WORKER ONLY to show the BOSS 20/50 MA's without having to toggle back and forth between the WORKER and the BOSS.

Simple Calculations:

1 trading Week = 5 Trading Days

20 ma x 5 = 100 ma
50 ma x 5 = 250 ma

If there was 5 weeks in every month, we could possibly use this on the Boss, BUT THERE ISN'T. This is why we use it on the WORKER ONLY.

Hope this helps.

Tom
  • #13,353
  • Aug 2, 2010 12:21pm Aug 2, 2010 12:21pm
Quoting GibsonL6
It seems that something so SIMPLE has led...
Clear and concise. Thank you for your time! Cheers.

John
Finally out of the shadows.
  • #13,354
  • Aug 2, 2010 1:58pm Aug 2, 2010 1:58pm
[quote=GibsonL6;3916446]

The 100 and 250 MA's cannot be used on the Boss because it would be an inaccurate reflection of the Big Boss.

There is no BIG BOSS MA so why you think it is inaccurate reflection of BIG BOSS. What is accurate reflection of BIG BOSS for you?

We use the 100 and 250 on the WORKER ONLY to show the BOSS MA without having to toggle back and forth between the WORKER and the BOSS.

Does that mean you only look at worker and make your decision without looking at BOSS. Visualisation tab in MA window is there so that if YOU WANT you can visualise your MA's in your chosen time frame and therefore you have more cleaner chart. Having said doesn't mean you can't have all four on one chart.
  • #13,355
  • Aug 2, 2010 2:07pm Aug 2, 2010 2:07pm
Quoting gaf
Clear and concise. Thank you for your time! Cheers.

John
I never have used the 100 and 250 ema's. I dont really see the point!

Put your 20 and 50 on your charts and be done with it. Switch from worker to boss to big boss with no issues.
  • #13,356
  • Aug 2, 2010 3:50pm Aug 2, 2010 3:50pm
Hi all:

Below is a trade I took on EURCHF:

Big Boss: Clear downtrend with massive bar in June.

Boss: The weekly hammer caught my eye and then the following spinning top told me the sellers had run out of gas. The bullish bar the following week told me that buyers had stepped in...

Worker: The worker showed HH/HL on each candle and I was waiting on a pullback in the uptrend. I finally found it above the small hammer. I took 1/3 at 100 pips and another 1/3 at 1st. R. Unfortunately, I tried trailing the last portion but got stopped out when the retracement went too deep.

I was almost scared off by that massive downtrend on the Big Boss.

Regards,
JS
Attached Image(s) (click to enlarge)
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  • #13,357
  • Aug 2, 2010 4:20pm Aug 2, 2010 4:20pm
[quote=simpleman;3916645][quote=GibsonL6;3916446]

Hi Simpleman !

I will attempt to answer your questions, hopefully without creating more confusion.


Quote
There is no BIG BOSS MA so why you think it is inaccurate reflection of BIG BOSS. What is accurate reflection of BIG BOSS for you?

The only MA`s we use accross the Worker, Boss and Big Boss time frames, is the 20 and 50.
So, the only MA`s we use on the BIG BOSS for example, would be the 20 and 50 in the BIG BOSS chart .



Quote
Does that mean you only look at worker and make your decision without looking at BOSS. Visualisation tab in MA window is there so that if YOU WANT you can visualise your MA's in your chosen time frame and therefore you have more cleaner chart. Having said doesn't mean you can't have all four on one chart.


No it doesn`t mean that at all. A top down analysis is part of this method.
It means that you must UNDERSTAND where to use the 100 and 250 if you are going to use them.
We can put all four MA`s on one chart, but only on the WORKER.
The 100 and 250 has no use, anywhere else !

Have a look at my previous post for explanations.

Tom
  • #13,358
  • Aug 2, 2010 5:20pm Aug 2, 2010 5:20pm
[quote=GibsonL6;3916833][quote=simpleman;3916645]
Quoting GibsonL6

Hi Simpleman !

I will attempt to answer your questions, hopefully without creating more confusion.
Thanks Tom,
What I knew about moving averages was if it is 20 then that mean previous 20 bars and if you are on daily that means 20 daily bars, if you are on weekly then 20 weekly bars and if you are on monthly then 20 monthly bars so was true for 50. But then there was something in one of the post where 100 and 250 with dotted line to be placed (may be it was for non MT4 platforms) where switching a chart TF is an issue.
  • #13,359
  • Aug 2, 2010 7:08pm Aug 2, 2010 7:08pm
Quoting gaf
Hey Jideck,
Great to see you posting again.

Price looks to be closed under the monthly DSRI but above the weekly with the daily doing an inside bar test of the weekly DSRI (my data) so I'll be waiting to see what the buyers are going to do at these levels. Should be interesting as always. Cheers.

John
Hi Johnhttp://cdn.forexfactory.com/images/icons/icon7.gif

Very interesting indeed.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
  • #13,360
  • Aug 2, 2010 7:11pm Aug 2, 2010 7:11pm
Quoting euro_dude
Hi all:

Below is a trade I took on EURCHF:

Big Boss: Clear downtrend with massive bar in June.

Boss: The weekly hammer caught my eye and then the following spinning top told me the sellers had run out of gas. The bullish bar the following week told me that buyers had stepped in...

Worker: The worker showed HH/HL on each candle and I was waiting on a pullback in the uptrend. I finally found it above the small hammer. I took 1/3 at 100 pips and another 1/3 at 1st. R. Unfortunately, I tried trailing the last portion but...
Good trading, well done.

Note where support was on the Worker.

This thing won't trend until at least this happens...............................more later
15 YEARS OF PASR ON FOREX FACTORY!
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