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Price is everything

  • #7,941
  • Feb 6, 2011 10:45am Feb 6, 2011 10:45am
http://i53.tinypic.com/2e5ocgl.gif

Emene, from you charts, I see we are of like minds in the use of ATR for projections. Plotting a band between the minimum and maximum ATRs for ATR(2) through ATR(14) usually determines where a reversal will occur - if you can wait that long to pull the trigger.

Last week, Cable penetrated the weekly ATR zone only to reverse.
  • #7,942
  • Feb 6, 2011 10:49am Feb 6, 2011 10:49am
I mainly use ATR to make easy pips at the end of London. If a pair reached its average range, it adds probability to my intraday reversal trades. If PA agrees, then I'm in.

Quoting Jenkins

Emene, from you charts, I see we are of like minds in the use of ATR for projections. Plotting a band between the minimum and maximum ATRs for ATR(2) through ATR(14) usually determines where a reversal will occur - if you can wait that long to pull the trigger.
Hello.
  • #7,943
  • Feb 6, 2011 11:07am Feb 6, 2011 11:07am
Quoting emene
I mainly use ATR to make easy pips at the end of London. If a pair reached its average range, it adds probability to my intraday reversal trades. If PA agrees, then I'm in.
Sounds like you are trading the intraday move.
  • #7,944
  • Feb 6, 2011 11:25am Feb 6, 2011 11:25am
Quoting redsword11
hey puffy, where ya been huh?


Attachment

Attachment

Hey redsword (glad to see u back!) and all the traders here! I've been on a short break to Spain (Bilbao) in the day.... and quietly reading at night
  • #7,945
  • Feb 6, 2011 12:08pm Feb 6, 2011 12:08pm
Quoting puffy
Hey redsword (glad to see u back!) and all the traders here! I've been on a short break to Spain (Bilbao) in the day.... and quietly reading at night


nice to hear back from you - hope to see you intraday too


we have alot of levels across many pairs - good to have everyone here to view the whole market


bring this market home ......
  • #7,946
  • Feb 6, 2011 12:09pm Feb 6, 2011 12:09pm
Quoting emene
Agreed Red, something's cooking.

lots going on


we'll get it
  • #7,947
  • Feb 6, 2011 12:36pm Feb 6, 2011 12:36pm
Quoting anthoniex
Please, correct mine if they are off and tell me why?

My timing says EU already made a bottom and my minimum target is 1.3670 area. Everything in my chart will be invalid if price breaks and closes below the blue lower median line. We'll see what happen!
All in all the levels on your chart are solid, there is nothing much to disagree about. The only thing you really need to keep in mind right now is that we are most likely heading to 1.425x. Some traders mentioned we would love to see a short squeeze till 1.33 or 1.34 done before its momentum up picks up again.

Either way trade your plan, forks like yours are usually very low risk when entering at the Lower median lines
  • #7,948
  • Feb 6, 2011 1:30pm Feb 6, 2011 1:30pm
Quoting emene
I mainly use ATR to make easy pips at the end of London. If a pair reached its average range, it adds probability to my intraday reversal trades. If PA agrees, then I'm in.
Hi Emene,
Do you mind explaining in a nutshell how you use Average True Range in your charts

ATR Today
ATR
ATR Projection Up
ATR Projection Down

I'm just curious, maybe Jenkins can give insights too.
Thanks, also to Orbital for the reply.
  • #7,949
  • Feb 6, 2011 2:30pm Feb 6, 2011 2:30pm
gold and slv


both are @ supply zones
  • #7,950
  • Feb 6, 2011 2:35pm Feb 6, 2011 2:35pm
Quoting redsword11
gold and slv


both are @ supply zones


also S&P @ DAILY SUPPLY ZONE - if it corrects loony will tank north this week



there are other confluences l have looked @ that suggests loony goes north according to uj and cadjpy, also inverted to aud
  • #7,951
  • Feb 6, 2011 2:43pm Feb 6, 2011 2:43pm
Quoting redsword11
also S&P @ DAILY SUPPLY ZONE - if it corrects loony will tank north this week



there are other confluences l have looked @ that suggests loony goes north according to uj and cadjpy, also inverted to aud
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 39 KB

Hero calls followed by margin calls...
  • #7,952
  • Feb 6, 2011 2:59pm Feb 6, 2011 2:59pm
I do not use ATR projections. I use a 14-day ATR that helps me knowing when a pair has travelled its daily range. When it is the case, around London close usually, I look for trades going in the opposite direction of the daily broader move. Let's say EU ATR is 130 for instance. If it travelled 140 pips mainly short during the day and news have already been digested, I'll look for longs. I will not until the range has been filled. Taht's all. Nothing fancy, just common sense.

Quoting anthoniex
Hi Emene,
Do you mind explaining in a nutshell how you use Average True Range in your charts

ATR Today
ATR
ATR Projection Up
ATR Projection Down

I'm just curious, maybe Jenkins can give insights too.
Thanks, also to Orbital for the reply.
Hello.
  • #7,953
  • Feb 6, 2011 3:00pm Feb 6, 2011 3:00pm
Quoting emene
I do not use ATR projections. I use a 14-day ATR that helps me knowing when a pair has travelled its daily range. When it is the case, around London close usually, I look for trades going in the opposite direction of the daily broader move. Let's say EU ATR is 130 for instance. If it travelled 140 pips mainly short during the day and news have already been digested, I'll look for longs. I will not until the range has been filled. Taht's all. Nothing fancy, just common sense.
could you attach a good atr indicator?

would appreciate ur help

Ph.
Hero calls followed by margin calls...
  • #7,954
  • Feb 6, 2011 3:04pm Feb 6, 2011 3:04pm
Here you go. Enjoy.

Quoting PhAnTi'
could you attach a good atr indicator?

would appreciate ur help

Ph.
Attached File(s)
File Type: ex4 ATRprojections.ex4   7 KB | 463 downloads
File Type: ex4 LFL-ATRprojections.ex4   6 KB | 447 downloads
Hello.
  • #7,955
  • Feb 6, 2011 3:06pm Feb 6, 2011 3:06pm
Quoting emene
Here you go. Enjoy.
thank u so much. !

Ph.
Hero calls followed by margin calls...
  • #7,956
  • Feb 6, 2011 3:07pm Feb 6, 2011 3:07pm
Quoting emene
I do not use ATR projections. I use a 14-day ATR that helps me knowing when a pair has travelled its daily range. When it is the case, around London close usually, I look for trades going in the opposite direction of the daily broader move. Let's say EU ATR is 130 for instance. If it travelled 140 pips mainly short during the day and news have already been digested, I'll look for longs. I will not until the range has been filled. Taht's all. Nothing fancy, just common sense.
I see. That's what I guessed how you would use it. Pretty simple, I like it. Cheers
  • #7,957
  • Feb 6, 2011 3:13pm Feb 6, 2011 3:13pm
when a pair blows its north ATR and you are looking for sell - also look for bearish divergence and or overbought conditions


as always - combine that with bearish enguilfing PA - you have a trading plan already done
  • #7,958
  • Feb 6, 2011 3:14pm Feb 6, 2011 3:14pm
Quoting PhAnTi'
Attachment
will be watching this pair too...
top and bottom/ correction usually complete between 1.382 and 1.618 time projection (FibTimeZone). Let's see what PA gives us...

ant-
Attached Image (click to enlarge)
Click to Enlarge Name: ucad-pfgrid.gif Size: 52 KB
  • #7,959
  • Feb 6, 2011 3:15pm Feb 6, 2011 3:15pm


Quoting redsword11
when a pair blows its north ATR and you are looking for sell - also look for bearish divergence and or overbought conditions


as always - combine that with bearish enguilfing PA - you have a trading plan already done
Hello.
  • #7,960
  • Feb 6, 2011 3:30pm Feb 6, 2011 3:30pm
Quoting anthoniex
will be watching this pair too...
top and bottom/ correction usually complete between 1.382 and 1.618 time projection (FibTimeZone). Let's see what PA gives us...

ant-
nice chart...

could you please clarify
Quote
top and bottom/ correction usually complete between 1.382 and 1.618 time projection (FibTimeZone).

thanks in advance.
Ph.
Hero calls followed by margin calls...
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