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  • #306,941
  • Oct 14, 2010 4:21pm Oct 14, 2010 4:21pm
Quoting pipper
I took my EU short because EU 15Min Stochastic was close to crossing plus the 50MA also looks to be dropping but note, the 50MA could level off and move up so need to keep an eye on the 50MA always
You measure trend with angle of 50sma right? It's just levelled off, but I'm seeing price ticking down and a hold below a trend line. give me a minute and I'll post a pic...
  • #306,942
  • Oct 14, 2010 4:21pm Oct 14, 2010 4:21pm
Quoting pipper
P.S. Don't ask me what level i think it will drop too. Gator is the man for that... Didn't get a chance to figure out his excellent trading and levels but Hatch has got the hang of it.

Gator - i'm still waiting for you to open that trading school for numnuts we discussed earlier in the year
I'll sign up for that one too
If only I knew then what I know now...
  • #306,943
  • Oct 14, 2010 4:21pm Oct 14, 2010 4:21pm
If i was trying to pick a level, it would be around 1.4070 where the 200MA on 1min is currently showing. But if the 15Min 50MA keeps dropping, i would stay in the trade

Quoting FibbinArchie
I'm targeting 4030, at least as an initial tp, but at this rate it's going to be getting covered at cost or possibly a little in the red...

Gator, I take since you've sold that you are expecting lower prices...
Disclaimer: Check your 1m charts
  • #306,944
  • Oct 14, 2010 4:22pm Oct 14, 2010 4:22pm
Quoting pipper
I took my EU short because EU 15Min Stochastic was close to crossing plus the 50MA also looks to be dropping but note, the 50MA could level off and move up so need to keep an eye on the 50MA always
I didnt discourage that short, in fact you were calling this risky yourself.
I am really afraid of these 10-20 pips, but this is true, best system = YOU, which work in your favor, wish you good trades
Holy Grail - Patience and Acceptance
  • #306,945
  • Oct 14, 2010 4:24pm Oct 14, 2010 4:24pm
Kind of. Keep an eye on the 50MA slightly rising or dropping, go long or short. Look over your chart history and look how the 50MA rises and dips with the trend

On the 1min presently, GBP 50MA looks likely to cross faster than EU 1min 50MA. I'm hoping it does as this would give me more confidence that EU will drop also

Quoting FibbinArchie
You measure trend with angle of 50sma right?
Disclaimer: Check your 1m charts
  • #306,946
  • Oct 14, 2010 4:26pm Oct 14, 2010 4:26pm
Quoting FibbinArchie
in fact 15ema is just crossing back above 50sma on the 15 min.

My main issue with moving averages is 1) they lag and 2) they don't lead price, price leads them..

But you obviously are able to use them to good effect.
moving averages help you on trends.
on 15m we don't have a trend. we have a range. so better use oscilators than ma's since you will get whipsaw using ma's
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #306,947
  • Oct 14, 2010 4:27pm Oct 14, 2010 4:27pm
Ok so the trend line is a little forced.

Red - 50SMA
White - 15EMA
Blue - 100SMA
Green - 200SMA

and I've just noticed price is down another pip...
Attached Image (click to enlarge)
Click to Enlarge Name: trend line.jpg Size: 220 KB
  • #306,948
  • Oct 14, 2010 4:29pm Oct 14, 2010 4:29pm
Quoting T@rantula
4123...draw a trendline from 26.01.2010 exactly. A break there would expose 4221 with 4160 a round number resistance
got the same thing. so that's was my dynamic resistance since bull started
honestly i don't think we break that we should respect it (my opinion)
so upside shouldn't be explosive from here.

i hope we get a pullback to add more.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #306,949
  • Oct 14, 2010 4:29pm Oct 14, 2010 4:29pm
Its all about looking at the overall picture too.

In front of me, i have UC, EU, GU, Dow charts. Keep looking at them and you will notice trends in each that effect others.

Gator looks at oil, gold also and others for more clues

Quoting FibbinArchie
in fact 15ema is just crossing back above 50sma on the 15 min.

My main issue with moving averages is 1) they lag and 2) they don't lead price, price leads them..

But you obviously are able to use them to good effect.
Disclaimer: Check your 1m charts
  • #306,950
  • Oct 14, 2010 4:31pm Oct 14, 2010 4:31pm
Quoting DMA Trader
moving averages help you on trends.
on 15m we don't have a trend. we have a range. so better use oscilators than ma's since you will get whipsaw using ma's
such as stoch, OK..
  • #306,951
  • Oct 14, 2010 4:31pm Oct 14, 2010 4:31pm
Quoting FibbinArchie
Ok so the trend line is a little forced.

Red - 50SMA
White - 15EMA
Blue - 100SMA
Green - 200SMA

and I've just noticed price is down another pip...
can you upload the better volume ? i've got some differences on my charts. want to see why.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #306,952
  • Oct 14, 2010 4:33pm Oct 14, 2010 4:33pm
Quoting FibbinArchie
such as stoch, OK..
i favor the upside on 15m but is actually a range .050- 1.41
but if price holds above 70 we might see a test of 1.41 or breakout
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #306,953
  • Oct 14, 2010 4:35pm Oct 14, 2010 4:35pm
EU 1min 50MA levelling off so careful.. Could reverse to upside but hope not.

GU 1min 50MA close to crossing 100MA so hopefully will drop some more bringing EU down a bit
Disclaimer: Check your 1m charts
  • #306,954
  • Oct 14, 2010 4:35pm Oct 14, 2010 4:35pm
Quoting RFMagus1
The chart is setup for a bubble collapse of the EUR. New debt issues with Ireland and Spain will drop the bottom out early next week. Thats my prognostication. Its classic unjustified exuberance.

add stocks and gold and the usd will rally for months.
  • #306,955
  • Oct 14, 2010 4:35pm Oct 14, 2010 4:35pm
Quoting pipper
Its all about looking at the overall picture too.

In front of me, i have UC, EU, GU, Dow charts. Keep looking at them and you will notice trends in each that effect others.

Gator looks at oil, gold also and others for more clues
Yeah, there's a big difference between blindly taking mechanical signals and taking them within context.

Sorry, I didn't mean to be quite so down on MA's, they are actually a great trend identification tool...
  • #306,956
  • Oct 14, 2010 4:42pm Oct 14, 2010 4:42pm
No worries. Believe me, i've tried everything and all systems for the last 2 years but this works best for me. You will have to find your own system you are comfortable with and works for you.

I'm still amazed at Gators trading and knowledge but the truth is i don't have the time or skills to work those trading systems out but i always listen to him and others on the board and try to learn more


Quoting FibbinArchie
Yeah, there's a big difference between blindly taking mechanical signals and taking them within context.

Sorry, I didn't mean to be quite so down on MA's, they are actually a great trend identification tool...
Disclaimer: Check your 1m charts
  • #306,957
  • Oct 14, 2010 4:45pm Oct 14, 2010 4:45pm
See how GU's 1min 50MA has flatlined on top of the 100MA and has not crossed. This is a sign normally to get out of the trade and not continue shorting

This could lead to EU also doing the same. GU is now trying to stay above 50MA on 1min (see below)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu50maflatline.jpg Size: 231 KB
Click to Enlarge Name: guabove.jpg Size: 234 KB
Disclaimer: Check your 1m charts
  • #306,958
  • Oct 14, 2010 4:50pm Oct 14, 2010 4:50pm
DMA here it is
Attached File(s)
File Type: mq4 BetterVolume 1.4.mq4   5 KB | 419 downloads
File Type: ex4 BetterVolume 1.4.ex4   6 KB | 383 downloads
Holy Grail - Patience and Acceptance
  • #306,959
  • Oct 14, 2010 4:50pm Oct 14, 2010 4:50pm
Quoting DMA Trader
got the same thing. so that's was my dynamic resistance since bull started
honestly i don't think we break that we should respect it (my opinion)
so upside shouldn't be explosive from here.

i hope we get a pullback to add more.
Pullback yes..we want to buy support. 4331 is also in play.
  • #306,960
  • Oct 14, 2010 4:51pm Oct 14, 2010 4:51pm
Quoting pipper
See how GU's 1min 50MA has flatlined on top of the 100MA and has not crossed. This is a sign normally to get out of the trade and not continue shorting

This could lead to EU also doing the same. GU is now trying to stay above 50MA on 1min (see below)
Because it's indicating no directional momentum?
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