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  • #1,541
  • Mar 18, 2011 7:53am Mar 18, 2011 7:53am
Quoting Divergence
to end confusion trigger bar will now be called setup bar the candle that gets u into trade is the trigger bar
How about using setup up bar and entry bar? The names explain what they do and how to use them...
  • #1,542
  • Mar 18, 2011 8:06am Mar 18, 2011 8:06am
Quoting Rcwso
Here is a chart that Divergence posted a while back. I zoomed in and added text to hopefully clarify..
i think that if the set up bar touches the sma like in the picture, you don t need the 2.4 pips rule..
  • #1,543
  • Mar 18, 2011 8:08am Mar 18, 2011 8:08am
Quoting B4iFUrU18
i think that if the set up bar touches the sma like in the picture, you don t need the 2.4 pips rule..
That is right. I cannot be 2.4 pips AWAY from the SMA. The high for a down trend or the low for an up trend. There are "SET-UP" bars that will not be touching the SMA. Those, according to Divergence, need to be with in 2.4 pips.
  • #1,544
  • Mar 18, 2011 8:09am Mar 18, 2011 8:09am
explantation and chart perfect just making things clear so no confusion
  • #1,545
  • Mar 18, 2011 8:16am Mar 18, 2011 8:16am
setup bar and entry bar it is
  • #1,546
  • Edited 8:24am Mar 18, 2011 8:22am | Edited 8:24am
Here is the chart that I posted earlier with the corrected definitions in accordance with Divergence's direction below.

New definitions:

SET-UP BAR--This is the bar that sets you up to look for the ENTRY bar and enter a trade.
Set-up bar requirements:
Look for the trend
Look for the pullback
Bar crosses the SMA up for an up trend and down for a down trend
Bar is within 2.4 pips of the SMA (high of the bar for a down trend and low of the bar for an up trend)
CCI is > 50 for an up trend or < -50 for a down trend
Once these are met you have a SET-UP BAR.

ENTRY BAR--This is the bar that executes the trade.
Requirements:
Set your entry 1 pip above the high of the SET-UP Bar for an up trend or 1 pip below the low of the SET-UP bar for a down trend.
If the one of the next TWO bars takes that entry you have the ENTRY BAR, ie the trade has been entered.

Issues?
Attached Image (click to enlarge)
Click to Enlarge Name: Entry Bar.JPG Size: 72 KB
  • #1,547
  • Mar 18, 2011 8:24am Mar 18, 2011 8:24am
perfectly said rc
  • #1,548
  • Mar 18, 2011 8:27am Mar 18, 2011 8:27am
Divergence does this setup qualify for you its in the early european session. Price closes above MA CCI above 50, next candle high is taken by more than 1 pip

stop was 21 pips
Target 21 pips
Result: loss




Quoting Divergence
setup bar and entry bar it is
Attached Image (click to enlarge)
Click to Enlarge Name: div1.jpg Size: 145 KB
  • #1,549
  • Mar 18, 2011 8:33am Mar 18, 2011 8:33am
Quoting Rcwso
Bar is within 2.4 pips of the SMA (high of the bar for a down trend and low of the bar for an up trend)
CCI is > 50 for an up trend or < -50 for a down trend
Once these are met you have a SET-UP BAR.

ENTRY BAR--This is the bar that executes the trade.
Requirements:
Set your entry 1 pip above the high of the SET-UP Bar for an up trend or 1 pip below the low of the SET-UP bar for a down trend.
If the one of the next TWO bars takes that entry you have the ENTRY BAR, ie the trade has been entered.

Issues?
For clarity then Div's post 1174 no longer applies?
Too tired to argue. Too old to care.
  • #1,550
  • Mar 18, 2011 8:55am Mar 18, 2011 8:55am
its been explained to death already
  • #1,551
  • Mar 18, 2011 9:27am Mar 18, 2011 9:27am
Quoting kdx
Divergence does this setup qualify for you its in the early european session. Price closes above MA CCI above 50, next candle high is taken by more than 1 pip

stop was 21 pips
Target 21 pips
Result: loss
2 things i guess

- not the good time to trade

- PA was in range, when SMA is too flat for some time, i wait for nices curves of the SMA to enter..

see, in your graph, before the range, the SMA is clearly up, and after the range the SMA during the pullback is clearly down. that s what i m looking for..

other than that, the set up was valid
  • #1,552
  • Mar 18, 2011 9:35am Mar 18, 2011 9:35am
Do anyone know if the pullback have to go to the opposite side of the sma to be valid or just a general pullback is good enough.
thanks
  • #1,553
  • Mar 18, 2011 9:41am Mar 18, 2011 9:41am
Quoting berry
Do anyone know if the pullback have to go to the opposite side of the sma to be valid or just a general pullback is good enough.
thanks
for me pullback do not have to go to the opposite side of the sma. When trend is strong just a general pullback is ok to trade.
  • #1,554
  • Mar 18, 2011 9:52am Mar 18, 2011 9:52am
I think the trend is still up. Concerned about resistance at 1.4145 but still worth a try. TP at 1.4157 SL 1.4119 Entry 1.4138 Let see if it works out. Good trading to all. Ray
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDZ.jpg Size: 148 KB
  • #1,555
  • Mar 18, 2011 9:57am Mar 18, 2011 9:57am
Quoting 1234
I think the trend is still up. Concerned about resistance at 1.4145 but still worth a try. TP at 1.4157 SL 1.4119 Entry 1.4138 Let see if it works out. Good trading to all. Ray
one way or another soon
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 26 KB
  • #1,556
  • Mar 18, 2011 10:07am Mar 18, 2011 10:07am
Quoting 1234
I think the trend is still up. Concerned about resistance at 1.4145 but still worth a try. TP at 1.4157 SL 1.4119 Entry 1.4138 Let see if it works out. Good trading to all. Ray
I need trend confirmation but good luck.
  • #1,557
  • Mar 18, 2011 10:13am Mar 18, 2011 10:13am
Quoting berry
Do anyone know if the pullback have to go to the opposite side of the sma to be valid or just a general pullback is good enough.
thanks
here is div's picture, i have them stored :-)
Attached Image (click to enlarge)
Click to Enlarge Name: 44.jpg Size: 188 KB
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  • #1,558
  • Mar 18, 2011 10:16am Mar 18, 2011 10:16am
CHF/JPY

- trend confirmation
- pullback
- triger
- money
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY,M5_2011-03-18_16-12-18.jpg Size: 249 KB
  • #1,559
  • Mar 18, 2011 10:30am Mar 18, 2011 10:30am
and i thought it might be exhausted
just getting hang of it and observing it
Attached Image (click to enlarge)
Click to Enlarge Name: 70.jpg Size: 69 KB
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  • #1,560
  • Mar 18, 2011 10:33am Mar 18, 2011 10:33am
Quoting Divergence
its been explained to death already
Thank you for this, if only all your posts were as clear and unambiguous.

My concerns stemmed from the one-page PDF I posted in #1411 which was based in part on #1174. As 24hrs have passed and it is no longer possible to delete it, the following will have to do

If you are one of the 200+ people who have looked at this summary:
PLEASE DISREGARD IT, IT IS NOW WRONG, DO NOT USE AS A BASIS FOR YOUR TRADES!

My apologies for any confusion that may have arisen from this PDF.

Div, I thank you for what you have imparted, I am certain that I and many others will be better traders because of it.

Best wishes, God bless and Goodbye.

David.
Too tired to argue. Too old to care.
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