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EURUSD

  • #365,121
  • Jan 14, 2011 7:45am Jan 14, 2011 7:45am
Quoting vosterfxandy
Doesn't that repaint?
No. It only needs a valid CLOSE to be confirmed.
  • #365,122
  • Jan 14, 2011 7:46am Jan 14, 2011 7:46am
Quoting T@rantula
No. It only needs a valid CLOSE to be confirmed.
Oh ok, thanks.
Enter Signature
  • #365,123
  • Jan 14, 2011 7:47am Jan 14, 2011 7:47am
Quoting vosterfxandy
Oh? I'm still lost. What does that mean??
the index presents the strength of the us dollar itself.
not compared with other currencies.

when the index is rising, eu mostly drops.
vice versa.

do u get it?

pha
Hero calls followed by margin calls...
  • #365,124
  • Jan 14, 2011 7:48am Jan 14, 2011 7:48am
Quoting vosterfxandy
Oh ok, thanks.
In fact. OBV is not a classic indicator. It doesnt "tell you" when to enter or exit. It serves as a volume indicator and is used only in trending conditions as a additional confirmation of a desired position.
  • #365,125
  • Jan 14, 2011 7:49am Jan 14, 2011 7:49am
common friday....
watch the current and the two previous H4 candles.
it's scarry and a PA trading nightmare : P
Hero calls followed by margin calls...
  • #365,126
  • Jan 14, 2011 7:51am Jan 14, 2011 7:51am
Quoting prezd
back to the drawing board, mate.
errr, yeah thanks for that mate.
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  • #365,127
  • Jan 14, 2011 7:51am Jan 14, 2011 7:51am
Quoting T@rantula
In fact. OBV is not a classic indicator. It doesnt "tell you" when to enter or exit. It serves as a volume indicator and is used only in trending conditions as a additional confirmation of a desired position.
So I guess it's to be used in conjuction with other indicators, along with your divergence!
Enter Signature
  • #365,128
  • Jan 14, 2011 7:54am Jan 14, 2011 7:54am
Quoting vosterfxandy
errr, yeah thanks for that mate.
didn't mean to be rude. it's just some 1st grade basic stuff.
http://www.babypips.com/school/using...for-forex.html

edit: OBV is high-school
http://stockcharts.com/school/doku.p...balance_volume
  • #365,129
  • Jan 14, 2011 7:54am Jan 14, 2011 7:54am
Quoting PhAnTi'
the index presents the strength of the us dollar itself.
not compared with other currencies.

when the index is rising, eu mostly drops.
vice versa.

do u get it?

pha
Hmmm, not sure. how do you know it's strength when you don't compare it with other currencies?
Enter Signature
  • #365,130
  • Jan 14, 2011 7:54am Jan 14, 2011 7:54am
There!!!

If within 7 min we could close below the open of current H4, we could have an evening star.


Quoting PhAnTi'
common friday....
watch the current and the two previous H4 candles.
it's scarry and a PA trading nightmare : P
  • #365,131
  • Jan 14, 2011 7:55am Jan 14, 2011 7:55am
Quoting T@rantula
In fact. OBV is not a classic indicator. It doesnt "tell you" when to enter or exit. It serves as a volume indicator and is used only in trending conditions as a additional confirmation of a desired position.
is this a custom indicator you built yourself?
  • #365,132
  • Jan 14, 2011 7:55am Jan 14, 2011 7:55am
Quoting vosterfxandy
So I guess it's to be used in conjuction with other indicators, along with your divergence!
No indicators. OBV is drawing a line in an exact direction or it is flat.
U need to spot candle tops and compare it to OBV line. Then u spot divergences.

Its one of PA ascpects and it is not to be confused with naked charts.
  • #365,133
  • Jan 14, 2011 7:55am Jan 14, 2011 7:55am
Quoting prezd
didn't mean to be rude. it's just some 1st grade basic stuff.
http://www.babypips.com/school/using...for-forex.html
oh I see.

well, have you got a spare drawing board then?

Enter Signature
  • #365,134
  • Jan 14, 2011 7:56am Jan 14, 2011 7:56am
Quoting jaylovin
is this a custom indicator you built yourself?
I havent built it. I have just modified it. It was paid. John Smith's actually.
  • #365,135
  • Jan 14, 2011 7:57am Jan 14, 2011 7:57am
Quoting vosterfxandy
Hmmm, not sure. how do you know it's strength when you don't compare it with other currencies?
i dont know much about calculations regarding the index.
but u actually dont need to know,just try to play with up and down, usdx vs eu and others.

wiki doesnt know a lot as well : P

http://en.wikipedia.org/wiki/USDX
Hero calls followed by margin calls...
  • #365,136
  • Jan 14, 2011 8:00am Jan 14, 2011 8:00am
Quoting PhAnTi'
i dont know much about calculations regarding the index.
but u actually dont need to know,just try to play with up and down, usdx vs eu and others.

wiki doesnt know a lot as well : P

http://en.wikipedia.org/wiki/USDX
ok mate, i'll look into it.
Enter Signature
  • #365,137
  • Jan 14, 2011 8:04am Jan 14, 2011 8:04am
Quoting T@rantula
I havent built it. I have just modified it. It was paid. John Smith's actually.
i'm not familiar with this indicator... if you have any literature on it that would be good... personally use 100 and 200 moving averages... and work on channels.. i do have RSI as well but pay more attention to intraday trend using H1...

I am having trouble potting trade from far away - the calls you make for example... i can't actually spot trades like that... i just buy and sell on rejections and breaks of TL's..

i would like to learn how to spot trades like others do here a few hours before they're TP is hit... good stuff this though
  • #365,138
  • Jan 14, 2011 8:06am Jan 14, 2011 8:06am
Quoting T@rantula
No problem. 5 consecutive bullish days are good for a retracement.

I am starting to build up shorts too, averaging 3375 now, not as good as yours, I missed out on 3400
  • #365,139
  • Jan 14, 2011 8:06am Jan 14, 2011 8:06am
How a big wave repaint , may do so again !! previous wave 1x now 3 was taken from lower tf though.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #365,140
  • Jan 14, 2011 8:06am Jan 14, 2011 8:06am
Quoting cloggie
I am starting to build up shorts too, averaging 3375 now, not as good as yours, I missed out on 3400
targeting? 3300 , 3200 , 3180 ?
Hero calls followed by margin calls...
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