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  • #310,181
  • Oct 19, 2010 9:18pm Oct 19, 2010 9:18pm
Quoting gatorinla
we had a bull close on the hour a few hours ago... im waiting for a short signal... its not here yet. so until im st bull/nuetral.
ok...but if i have to get out of this position when do i do it ?? atm or at 760 ?
  • #310,182
  • Oct 19, 2010 9:22pm Oct 19, 2010 9:22pm
Quoting gatorinla
i use two cic... one 14 setting the other 60... the 60 is not ready...
i have now set up cc 14 and 60 as you have ... when do i enter a trade.... after 60 shows the signal ??
  • #310,183
  • Oct 19, 2010 9:26pm Oct 19, 2010 9:26pm
Made a chart...
If AB=CD bounces @ 0, possible nice confluince @ 38.2.
We'll see.
Attached Image (click to enlarge)
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  • #310,184
  • Oct 19, 2010 9:28pm Oct 19, 2010 9:28pm
Quoting fxwalla
ok...but if i have to get out of this position when do i do it ?? atm or at 760 ?
i had a green light ,but the hour candle said dont trade...
those who can, do. those who cant, talk about those who can
  • #310,185
  • Oct 19, 2010 9:41pm Oct 19, 2010 9:41pm
Quoting gatorinla
i had a green light ,but the hour candle said dont trade...
well i had a chance to get out with +15pips ..hesitated momentarily and now looking at -45...
well thats nub jitters i believe...
  • #310,186
  • Oct 19, 2010 9:45pm Oct 19, 2010 9:45pm
Quoting fxwalla
i have now set up cc 14 and 60 as you have ... when do i enter a trade.... after 60 shows the signal ??
yes.. but you gotta use your head and instinct also.. dont risk much and maybe get a 3rd indi.. to confirm.. im short now at 55.. but i will close if it turns..
those who can, do. those who cant, talk about those who can
  • #310,187
  • Oct 19, 2010 9:46pm Oct 19, 2010 9:46pm
Quoting fxwalla
well i had a chance to get out with +15pips ..hesitated momentarily and now looking at -45...
well thats nub jitters i believe...
Welcome to the world of GREED
COT: The precious data ignored
  • #310,188
  • Oct 19, 2010 9:46pm Oct 19, 2010 9:46pm
CCI(60) on daily not been under +100 since 20th Sept, that in itself paints a picture.
  • #310,189
  • Oct 19, 2010 9:51pm Oct 19, 2010 9:51pm
Quoting kuroro001
Welcome to the world of GREED
i agree ... and plan to get out of GREED and better trading with green pips soon... with guidance from this thread and FF...
  • #310,190
  • Oct 19, 2010 9:54pm Oct 19, 2010 9:54pm
Quoting gatorinla
yes.. but you gotta use your head and instinct also.. dont risk much and maybe get a 3rd indi.. to confirm.. im short now at 55.. but i will close if it turns..
what other indi should i use ..... RSI or STOCH or both or another ......
  • #310,191
  • Oct 19, 2010 9:58pm Oct 19, 2010 9:58pm
Quoting FibbinArchie
CCI(60) on daily not been under +100 since 20th Sept, that in itself paints a picture.
Hahaha wowwwww.

Short at 1.3986 from last Friday.


Other things you guys might not be considering:
December 2009 the decline started.
The weekly chart shows the decline as a bearish breakout confirming with a drop below the 20MA in early December.
Weekly MACD finally bottomed out and pulled off the bollinger band.
Weekly chart battled the 20MA, broke it, then dropped down and held it.
Bullish breakout confirmed by the move to above the weekly 20MA.
Weekly CCI(10) and Stoch(5,3,3) showed this was the perfect time for a pullback.
http://img404.imageshack.us/img404/1351/euweekly.gif

Monthly chart shows that this pullback occurs right as it begins to battle the 20MA. Expected.
Because the Monthly CCI is not yet overbought, and the weekly chart is indicating this is just a pullback of a week-time-frame-breakout, I'm bullish for the upcoming 6 months for the EUR/USD.
  • #310,192
  • Oct 19, 2010 10:03pm Oct 19, 2010 10:03pm
Quoting fxwalla
what other indi should i use ..... RSI or STOCH or both or another ......
if you really want to learn something stay away from this thread....other than Gator and some knowledgeable guys...most of this thread is for show off....

Go to Strat's Long Term Stress Free Trading thread : http://www.forexfactory.com/showthread.php?t=155459

Go to James16 group thread: http://www.forexfactory.com/showthread.php?t=2331

Go to Building an equity millipede: http://www.forexfactory.com/showthread.php?t=245149

these threads will not only make ur basics right but also to be a successfully trader

Hope this helps
  • #310,193
  • Oct 19, 2010 10:03pm Oct 19, 2010 10:03pm
Quoting fxwalla
what other indi should i use ..... RSI or STOCH or both or another ......
Get rid of indicators, learn to trade price action support & resistance, if you understand price action you will laugh at indicators
It's up to you, but don't use a chart with a shitload of useless indicators
I've found a zip file with like 400 different indis, almost tried them all or had a look at them, the result is the following : all of them were full of shit! So i went back to the price action analysis.
But each trader has his own way of trading and i must admit that having indis on a chart make you feel more confident .... until you lose your money
COT: The precious data ignored
  • #310,194
  • Oct 19, 2010 10:06pm Oct 19, 2010 10:06pm
Quoting TheFutureAce
if you really want to learn something stay away from this thread....other than Gator and some knowledgeable guys...most of this thread is for show off....

Go to [b] Strat's Long Term Stress Free Trading...
Thanks for the info...and i will definitely look it up...and yes i am following gator and a couple of others only with him...
  • #310,195
  • Oct 19, 2010 10:12pm Oct 19, 2010 10:12pm
Quoting kuroro001
Get rid of indicators, learn to trade price action support & resistance, if you understand price action you will laugh at indicators
It's up to you, but don't use a chart with a shitload of useless indicators
I've found a zip file with like 400 different indis, almost tried them all or had a look at them, the result is the following : all of them were full of shit! So i went back to the price action analysis.
But each trader has his own way of trading and i must admit that having indis on a chart make you feel more confident .... until you lose...
If you don't mind me using the "holy grail" term, there is no "holy grail" indicator. That is why looking at all them probably turned up useless, because they are not to be relied on. When indicators are used properly and together, they show the laws of economics in action which can help explain price action.

Check out my last post about 3 posts before yours which uses a couple indicators to explain the price action of the EUR/USD for the past year.=)

PS... im a lil' new to the whole forum thing so if you can point me in a direction of a thread which is about the only price action you're talking about, let me know =) I'll be open minded.
  • #310,196
  • Oct 19, 2010 10:13pm Oct 19, 2010 10:13pm
Quoting kuroro001
Get rid of indicators, learn to trade price action support & resistance, if you understand price action you will laugh at indicators
It's up to you, but don't use a chart with a shitload of useless indicators
I've found a zip file with like 400 different indis, almost tried them all or had a look at them, the result is the following : all of them were full of shit! So i went back to the price action analysis.
But each trader has his own way of trading and i must admit that having indis on a chart make you feel more confident .... until you lose...
u hit the nail on the head...maybe i am using too many indi and getting confused signals and in the beginning i did well but now of late losing money ... so back to basics and pure PA with S/R ...
  • #310,197
  • Oct 19, 2010 10:13pm Oct 19, 2010 10:13pm
G'day folks.
Not all sins are created equal
  • #310,198
  • Oct 19, 2010 10:18pm Oct 19, 2010 10:18pm
Quoting Jay Walker
G'day folks.
Good Morning Jay
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #310,199
  • Oct 19, 2010 10:19pm Oct 19, 2010 10:19pm
Quoting fxwalla
u hit the nail on the head...maybe i am using too many indi and getting confused signals and in the beginning i did well but now of late losing money ... so back to basics and pure PA with S/R ...
Like I responded to Kuroro, if you don't understand what the indicators show you and how to interpret them, they won't be helpful. I hate the assumption that indicators are supposed to tell you when to buy and sell, where-as I take the approach that it helps display the economics of the situation. Many false "signals" are given when ALL time frames are not considered. Why did the 5 minute not have a bullish breakout even tho the signal went? Probably because the hourly was in a bearish phase. etc etc...
  • #310,200
  • Oct 19, 2010 10:20pm Oct 19, 2010 10:20pm
Quoting Jay Walker
G'day folks.
so about those trade that we've talk. still bullish ? eg - eu ?
thanks
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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