I observe bearish divergence on daily candle.
Usually the next / current candle will close lower.
So i'm bearish for today. But could be wrong.
Have a good weekend all
Regards,
GS
.
Cable Update (GBPUSD)
- #271,041
- Feb 4, 2011 11:54am Feb 4, 2011 11:54am
- | Joined Jun 2010 | Status: Trader | 1,429 Posts
Have a good weekend all
Regards,
GS
.
- #271,042
- Feb 4, 2011 12:41pm Feb 4, 2011 12:41pm
- Joined Sep 2010 | Status: Trader | 11,327 Posts
Respect the Fity 
over and out ...
over and out ...
- #271,043
- Feb 4, 2011 2:56pm Feb 4, 2011 2:56pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Respect the Fity
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #271,044
- Feb 4, 2011 2:58pm Feb 4, 2011 2:58pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Sorry everyone.......Mr. Kaspopsicle does not accept good advice. I had advised him to put me on his Iggy to maintain even BP. Well, his choice.......
Kas is a girl...
If you took a moment to read her replies to you, you would have known...
The lobby still awaits you and your fart jokes...
Enjoy your weekend.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #271,045
- Feb 4, 2011 3:01pm Feb 4, 2011 3:01pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Respect the 200...
That ping could get ponged!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #271,046
- Feb 4, 2011 4:58pm Feb 4, 2011 4:58pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Respect the 200...
Currently, getting a lot better hits and reverses on GU and EJ off the M1 100ema, 200ema in the current market weird conditions are to slow.
Ever changing market conditions is becoming a pain, this week was loads of fast 100ema trend, week before 160ema trend week before I think it was was sideways chop in tight ranges.
See what the game plan is Monday I guess then adapt to that PDQ!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #271,047
- Feb 4, 2011 5:15pm Feb 4, 2011 5:15pm
- Joined Sep 2010 | Status: Trader | 11,327 Posts
Respect the 200...
- #271,048
- Feb 4, 2011 6:25pm Feb 4, 2011 6:25pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Woah - didn't see that Magix - set my MAs to simple from exponential recently - so we had the fity and H1 200 ema ... I would have bet the farm - and not just a couple of cows
I been using the 200 since I started working with Turvey, round about a year and a half ago...(giver take)...
It still amazes me how his use of the 200EMA on the 1m would translate through the different time frames. Looking at the micro movements on a 1m and understanding the movements through the daily charts really is mind boggling.
But at the same token, it is just a way to understand movement of price. Use a long moving average and a short...pick the time frame and it helps to see direction...
I have worked with the 24SMA for a long time and a friend of mine whose name has recently just surfaced again (Mike Parker) discussed the use of the 19EMA steered me into using what I seen as the close related, but took hold of the 20 instead.
Where does the 50 come from? Hey, it's been so long I just flat out don't remember, but the accuracy of this line when used with the 20 and 200 walks through the time frames and gives a better overall look at where support is, where resistance sits and the 20 gives me my triggers.
I know you don't chart using MT4, but I quite like it. There are scads of tools that are independently created that will help illustrate and give an excellent visual interpretation of watching what a lot of folk can do off naked charts.
I have worked off of naked, and can tell where price is headed, but still prefer the use of my select breeds, without pinning myself to my monitor, I can have a quick glance toggle a few time frames and can be ready to execute a trade in just a matter of minutes in active sessions...or, can see if there is no active session at all...
Looking at Doctor Ds' compression charts, they are the teller of price being compact gearing for the next movement, and using a couple of tools made available from various others, one can more so understand these movements.
Going all Guppyesque on here, the use of a Moving average ribbon indicator, using only the 20/50 ema, filled in with red and green...obviously red sells and green buys...2 different time frames.
Chaz, I know you are no market newbie and are certainly coming into your own...but do you remember early on in your trade days, when you sat for hours waiting to take a trade, firing off maybe a couple per day, and then looking back through the charts end of week. You realized that market moved several hundred pips and you might have been struggling to figure out direction....
All time frames look and trade the same, the only thing that changes is the range of the plays...
2 charts here, 2 different time frames...same trade pair.
At a glance...again, using visual aids, kinda easy to figure out if ya should be hitting the buy button or sell button under the assume the trend logic of trading...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #271,049
- Feb 4, 2011 7:32pm Feb 4, 2011 7:32pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #271,050
- Feb 4, 2011 7:38pm Feb 4, 2011 7:38pm
- Joined Sep 2010 | Status: Trader | 11,327 Posts
Chaz...
No , not a "newbie" as such - but still struggling tbh - my biggest problem is a lack of discipline-too much of a hothead
I think I put loads of stuff on my charts when I started out and found all the indis and oscillators like shiny gadgets that made my screen look cool...but then after a time took them off one by one - wow I could see the price again
and leaving just the 200ema , but then after chatting to you some months back also put up the 20ema - Yes I look at where one is in relation to the other - but haven't got in the habit of spotting the cross , waiting for price to test etc.. I use them for S/R , in fact the more I look the more I see that is S/R , dynamic and static - PA itself , Pivots , MAs , Fibs and trendlines/channels
As for shorter TFs - well , I bust my first account trading AUDUSD off M1 - and maybe I've been trying to 'not do' those things I did when I started out - maybe I got spooked - I've had great days and weeks scalping off M15 - hundreds of pips falling in to my lap , but then I lose discipline and burn all the profits pretty sharp
I would love to be able to trade M1 for consistent profit...why?Because I think its cool.In and out of the market,no holding positions,etc . However , not sure if I can muster up the discipline for it but I am thinking of ways to reign myself in - like putting a limit on the number of trades I place in a session
so it forces me to go for the best set-ups
Thinking recently about longer term trading also and how it "slows" the market down , as such.People say it filters out noise , but it also slows things down , giving a hothead like myself time to calm down...
I know you're not a fan of big stops - but check this out - a little experiment I did this week - 4 calls at the start of the week in this method - 4 trades , thats it and 00's of pips in the + I believe ( can't check my charts right now ) - would be able to check price a couple of times a day and have done with it...just by drawing a few TLs
http://chazfx.blogspot.com/
Also seen succesful trading where every entry uses indis/oscillators and that it works beautifully - I'm still scratching around , finding my way...
Love your work Mag and always looking forward to your posts - will perhaps join you full time in your MTF thread one day and make some consistent profits
Ciao Mango
- #271,051
- Feb 4, 2011 8:36pm Feb 4, 2011 8:36pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
I would love to be able to trade M1 for consistent profit...why?Because I think its cool.In and out of the market,no holding positions,etc . However , not sure if I can muster up the discipline for it but I am thinking of ways to reign myself in - like putting a limit on the number of trades I place in a session
so it forces me to go for the best set-ups
Thinking recently about longer term trading also and how it "slows" the market down , as such.People say it filters out noise , but it also slows things down , giving a hothead...
My man Turvy runs an thread on trading the real quickies...1m can be a little fast at times, when you start hitting the S20 charts, that shit is just flat out crazy...stop over, see what he got to offer, might find that one thing that makes sense to ya...
Wormie does an awesome job at the longer hold stuff...haven't been over to the wormhole in a while, but hey, he's wormie...it's worth the read...
And, there is nothing saying you cannot do both.
I hammer the quickies on the 1m and still set longer terms. No, I am not a fan of huge stop losses, but then again, I am not a fan of trading the counters off anything longer then a 1m chart....
I have a few trades carried into the weekend, typically a no no for me, but I think I am good..took a little expectation and translated it into a trigger off the proper chart and held on to them bitches...So far my best entry is on EU, currently sitting +245 in shorties...I have also taken 2 overnighters for a buck fortyish and another one today for around 70ish...just EU...
This doesn't touch my hammer the 1m charts where anything above zero is still profit...(not all winners)
Best of both worlds....
FF is a great place. Lots of ideas to apply, be them strategies or money management. I am sure that at one point I actually read the whole thing, (might be a slight exaggeration)...see what you can use, what is most applicable and dump the rest.
Chaz...I wouldn't be sticking a vouch to yer nick if I didn't believe in ya my friend. As much as can be said about the Vouch system here, I am one fella that takes it seriously...
You will get there...I think we both know that...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #271,052
- Feb 4, 2011 11:42pm Feb 4, 2011 11:42pm
- | Joined Jun 2010 | Status: Trader | 1,429 Posts
DIVERGENCES
Regular
Bullish : Price Lower Low (LL), Oscillator Higher Low (HL)
Bearish : Price Higher High (HH), Oscillator Lower High (LH)
Hidden
Bullish : Price (HL), Oscillator (LL)
Bearish : Price (LH), Oscillator (HH)
Zoom in, clean up your glasses, and be prepared when it appear.
Just a little thing to share. G/L.
.
Regular
Bullish : Price Lower Low (LL), Oscillator Higher Low (HL)
Bearish : Price Higher High (HH), Oscillator Lower High (LH)
Hidden
Bullish : Price (HL), Oscillator (LL)
Bearish : Price (LH), Oscillator (HH)
Zoom in, clean up your glasses, and be prepared when it appear.
Just a little thing to share. G/L.
.
- #271,055
- Feb 5, 2011 2:24am Feb 5, 2011 2:24am
DIVERGENCES
Regular
Bullish : Price Lower Low (LL), Oscillator Higher Low (HL)
Bearish : Price Higher High (HH), Oscillator Lower High (LH)
Hidden
Bullish : Price (HL), Oscillator (LL)
Bearish : Price (LH), Oscillator (HH)
Zoom in, clean up your glasses, and be prepared when it appear.
Just a little thing to share. G/L.
.
i like ur system, and i try to modified your indi base on your post.
note :
1. lime : bullish div. regular
2. olive : bullish div. hidden
3. red : bearish div. regular
4. maroon : bearish div. hidden
Life is short..so learn from your mistakes.
- #271,056
- Feb 5, 2011 2:56am Feb 5, 2011 2:56am
DIVERGENCES
Regular
Bullish : Price Lower Low (LL), Oscillator Higher Low (HL)
Bearish : Price Higher High (HH), Oscillator Lower High (LH)
Hidden
Bullish : Price (HL), Oscillator (LL)
Bearish : Price (LH), Oscillator (HH)
Zoom in, clean up your glasses, and be prepared when it appear.
Just a little thing to share. G/L.
.
how to learn and how the settings MCAD,,?
help me please,,
PM me please,,
only an analysis, and I'm always wrong,
don't follow me,
- #271,057
- Feb 5, 2011 10:36am Feb 5, 2011 10:36am
- | Joined Jun 2010 | Status: Trader | 1,429 Posts
hi bang G santri,
i like ur system, and i try to modified your indi base on your post.
note :
1. lime : bullish div. regular
2. olive : bullish div. hidden
3. red : bearish div. regular
4. maroon : bearish div. hidden
You really a 'quite member but master of MQL apparently. It was quick
I think Tsar has mention your name couple weeks ago .
Your indi will help to mark divergence quickly. its loaded.
But when I switch between TF the previous arrow still stuck in the chart. I think it should clean up automatically. or is it because of market closed, I don't know.
Thanks for the good effort, look forward to a revised one.
Regards,
Ind: aslinya dari mana bang..
- #271,058
- Feb 5, 2011 11:12am Feb 5, 2011 11:12am
- | Joined Jun 2010 | Status: Trader | 1,429 Posts
Gsantri,,
how to learn and how the settings MCAD,,?
help me please,,
PM me please,,
http://www.babypips.com/school/divergence-trading.html
or
http://www.trading-naked.com/Divergence.htm
Sorry no offend but I see your posts appearing in many thread, some so high level comments. But also some silly questions.
I wonder what did you get by doing that? Should you need more reading?
What I meant is, please stay on one trading system thread you like and learn from a good traders there. just read on and read on.
Because that's what I do as I'm also still a newbie here.
Regards,
- #271,059
- Feb 5, 2011 11:56am Feb 5, 2011 11:56am
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #271,060
- Feb 5, 2011 1:32pm Feb 5, 2011 1:32pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++