Ambition to be first post on page 100 and Div you did it for me. Now ambition 100 winning trades! Let you all know when - meanwhile chaps let's keep it nice and simple. I do believe it really is that simple... and I am only going to use three indicators.... ever... have deleted everything else off my machine
|
Joined Nov 2009
|
Status: surf the trend
|338 Posts
divergence on aussie, price - higher high, oscillator lower low means bearish after hitting swing high, also 123 set up - any views as I don't profess to be an expert and with all this intervention around maybe we should just stick with the uptrend.
Can someone look at the two times listed below on the EU and tell me why or why not these would have been valid trigger bars?
Assumptions:
Pair EU
Uptrend--1.3980 area not broken down
I realize these are not normal trading times, but I am trying to tailor this to time I have to see charts.
1825 GMT Bar
2340 GMT Bar
I can see them both as valid trigger bars but both would be losing.
divergence on aussie, price - higher high, oscillator lower low means bearish after hitting swing high, also 123 set up - any views as I don't profess to be an expert and with all this intervention around maybe we should just stick with the uptrend.
Ignored
Which time bar is what you are calling the trigger bar? remember, according to Divergence, the trigger bar has to be within 2 pips of the #2 of the 1-2-3. I believe it can also take it out long or short as appropriate but must be within 2 pips if not taken out. I don't show any bars below the -50 line yet or within 2 pips of #2.
|
Joined Nov 2009
|
Status: surf the trend
|338 Posts
Rwcso I wasn't actually calling a trade just highlighting that there was a possible divergence setup, Looks like it will not play out right now, I'm quite wary of taking any divergence trades.
Rwcso I wasn't actually calling a trade just highlighting that there was a possible divergence setup, Looks like it will not play out right now, I'm quite wary of taking any divergence trades.
Ignored
Copy. I was watching that as well but trying to see if I missed something.
What is your opinion of my other post about the EU and the two times I listed?
|
Joined Nov 2009
|
Status: surf the trend
|338 Posts
Rwsco I may be wrong but on the 2340 the 2345 bar was more than 2.4 pips away from the sma.
On the 1825 a similar thing the 1830 bar on my chart opened at 2.9 away from sma.
Rwsco I may be wrong but on the 2340 the 2345 bar was more than 2.4 pips away from the sma.
On the 1825 a similar thing the 1830 bar on my chart opened at 2.9 away from sma.
Ignored
I agree that the 2345 and the 1830 bars are greater than 2.4 pips from the sma. But I believe the rule is that the trigger bar is less than 2.4 pips away. That is why I am wondering why those would not be valid. Or if they are, are they just losing trades?
Or do I have the 2.4 rule wrong? It seems to me that a lot of trades would be triggered with a bar after the actual trigger bar more than 2.4 pips away.
|
Joined Nov 2009
|
Status: surf the trend
|338 Posts
Good question I just sat thru the webinair and not sure either. My understanding was that if the trigger bar closes more than 2.4 pips away from the sma then it is not valid. Obviously the close of the trigger is the open of the next bar.
Good question I just sat thru the webinair and not sure either. My understanding was that if the trigger bar closes more than 2.4 pips away from the sma then it is not valid. Obviously the close of the trigger is the open of the next bar.
Ignored
The way I wrote it down from both webinar classes was the following:
Up-trend: The up-trend trigger bar needs to have a LOW within 2.4 pips of the SMA. So if going up it is not too far away already from the SMA.
Down-trend: The down-trend trigger bar needs to have a HIGH within 2.4 pips of the SMA. So if going down it is not too far away already from the SMA.
I wrote almost the same thing twice from both classes.
great webinar again!
