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  • #417,561
  • Apr 4, 2011 2:15pm Apr 4, 2011 2:15pm
Quoting Magix
Since you decided to single a few of us out here, lemme address this in hopes that you may come to understand.

I cannot speak for the others, but will agree that there does seem to be a common theme with these few traders, myself included...

Some of us spend a copious amount of time discussing support and resistance ranges, posting the live charts and trades as we take them....

Fully agree. business like approach
  • #417,562
  • Apr 4, 2011 2:15pm Apr 4, 2011 2:15pm
Quoting rattyo
has anyone else noticed how moving averages on anything lower than 1hr chart don't work too well.
Sure they do, just as well as MA's on higher TF's... you just need to have optimized triggers for each symbol/tf.

Reoptimize every x hours and use the highest global parameter set.
  • #417,563
  • Apr 4, 2011 2:16pm Apr 4, 2011 2:16pm
Quoting attila
what do you mean? expand please.
Yes, please expand. I use them (espicially the 200) as the cornerstone of my trading and love it.
  • #417,564
  • Apr 4, 2011 2:23pm Apr 4, 2011 2:23pm
Quoting rattyo
has anyone else noticed how moving averages on anything lower than 1hr chart don't work too well.
No.
I rarely use them on anything higher except to look for confluence with S/R
All systems of divination, like music itself,work through patterns.
  • #417,565
  • Apr 4, 2011 2:24pm Apr 4, 2011 2:24pm
Quoting Venice
Please define 'work'.

Cross overs? Absolutely... Crossover's are one of the worst ways to use MA's if you are going to use them. They do interestingly enough provide areas of support/resistance, but I do not use MA's... maybe someone with more experience can help you out better.

yes cross overs real bad news..

my advice is not to use that method.

price crossing over a moving avergage works much better.


support resistance I'm not convinced either. especially lower timeframe than a 1 hr
rat
  • #417,566
  • Apr 4, 2011 2:25pm Apr 4, 2011 2:25pm
Quoting Ineedpips9
Exactly. She's stuck there right now. Just crossed and confirmed on the 1M and has moved to just under on the 5M. Looking at the time of day I don't see myself doing anything.And yes, the oanda spread is at 0.9 (so happy they finally have mt4).
I'm gonna work on this new ea I have and try to work on using the Hidden Gap Volume Indicator V5[b]
I think my problem now is trying to trade when the pa has moved past the 200ma on all tf's.
Lots of ATR indies for watching the range of the day...

I still like using 100 pips target from where the 20 crosses the 200 on the 1M.

This can be a pretty fair and consistent measurement gor GU and EU, I also watch my target zones on Dragon and EJ same tool...

Excessive range days will see 200, and on them, I hammer the counter trades with the motherload...

A few chart examples from past....
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #417,567
  • Apr 4, 2011 2:27pm Apr 4, 2011 2:27pm
Quoting Magix
If this is your way of adding to this community, I am glad their are a few more guys like myself to try and not only show others that they can win at this game, but will also lead them down the paths of profit...

You don't have to like what or how I say it, but you should take some time to try and understand it. If not, hit the iggy button and quit your bitching...
  • #417,568
  • Apr 4, 2011 2:29pm Apr 4, 2011 2:29pm
wise man lets see if the roll holds mine 23
  • #417,569
  • Apr 4, 2011 2:30pm Apr 4, 2011 2:30pm
are we breaking off the flag? at daily roll again.... watching.... late in the day.... hmmm.
  • #417,570
  • Apr 4, 2011 2:32pm Apr 4, 2011 2:32pm
Quoting rattyo
yes cross overs real bad news..

my advice is not to use that method.

price crossing over a moving avergage works much better.


support resistance I'm not convinced either. especially lower timeframe than a 1 hr
I guess it all depends on the trader,their style, and the pair they trade.
I'm now able to average 15 pips a day trading cable just by using the 200,24,50,and 10 moving average and knowing what the daily open/close is.

Just out of curiosity, what do you trade,and what type of trading do you do? (scalp,swing,etc.)
  • #417,571
  • Apr 4, 2011 2:33pm Apr 4, 2011 2:33pm
Quoting attila
are we breaking off the flag? at daily roll again.... watching.... late in the day.... hmmm.

we are in a flag


what time frame..

i only watch 1 hr and above charts all I know how to make money with so don't change
rat
  • #417,572
  • Apr 4, 2011 2:35pm Apr 4, 2011 2:35pm
took a short here.

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  • #417,573
  • Apr 4, 2011 2:36pm Apr 4, 2011 2:36pm
Quoting rattyo

price crossing over a moving avergage works much better.


support resistance I'm not convinced either. especially lower timeframe than a 1 hr
Price respecting and being attracted to moving average even better....

The 200ema is a stunning indicator of S/R......

Especially lower time frames.
All systems of divination, like music itself,work through patterns.
  • #417,574
  • Edited 2:52pm Apr 4, 2011 2:36pm | Edited 2:52pm
Quoting fxcan
T@rantula, you really make a big difference on this thread. You provide very good market overview and reasoning for your trades. Would be great if you had a dedicated thread.

I also like your motto "Reaction not prediction". I realized that I lost most of the time when I tried to predict the market direction.

a big thanks from me.
cheers
Hm hm.....I was thinking about that to be honest. But at the time being i am not able to do that. It takes a lot of time, and I usually post before/after I am done with most of my trades. It is a good thing to help with trading and there might be a chance to open a thread for educational purposes. We will see.

I really need to concentrate on trading as there are also people who I work with... but there might be a possibility.
  • #417,575
  • Apr 4, 2011 2:38pm Apr 4, 2011 2:38pm
Quoting attila
took a short here.

Attachment
wrong file. took it here.

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  • #417,576
  • Apr 4, 2011 2:39pm Apr 4, 2011 2:39pm
Quoting rattyo
we are in a flag


what time frame..

i only watch 1 hr and above charts all I know how to make money with so don't change
see my chart before. m15
  • #417,577
  • Apr 4, 2011 2:39pm Apr 4, 2011 2:39pm
Quoting kill56
wise man lets see if the roll holds mine 23
bout the same as I got killer...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #417,578
  • Apr 4, 2011 2:41pm Apr 4, 2011 2:41pm
This is why I'm on the sidelines. Too close to the daily roll and look at the time of day. Not trying to be a hero so I'm out watching to see what I can learn.
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  • #417,579
  • Apr 4, 2011 2:49pm Apr 4, 2011 2:49pm
Quoting rattyo
we are in a flag


what time frame..

i only watch 1 hr and above charts all I know how to make money with so don't change
If you only trade the hourly and don't watch the lower time frames the what information are you drawing this off of?

Quoting rattyo
has anyone else noticed how moving averages on anything lower than 1hr chart don't work too well.
Quoting rattyo
yes cross overs real bad news..

my advice is not to use that method.

price crossing over a moving avergage works much better.


support resistance I'm not convinced either. especially lower timeframe than a 1 hr
Or were you just looking for some attention?

Just because you haven't taken the time to try and learn something, doesn't mean that it doesn't work, just makes you look like an idiot with contradictory statements with zero knowledge to back up an arguement...

Enjoy Close of NY guys...nap time for me...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #417,580
  • Apr 4, 2011 2:50pm Apr 4, 2011 2:50pm
Quoting Magix
Lots of ATR indies for watching the range of the day...

I still like using 100 pips target from where the 20 crosses the 200 on the 1M.

This can be a pretty fair and consistent measurement gor GU and EU, I also watch my target zones on Dragon and EJ same tool...
Gotcha. When I have all day to trade I usually go for 10-pip runs, then wind up a little mad when I see I could've avoided paying the spread 3-5 times,but owell.
I do enjoy the 20 crossing the 200 on the other days. I set the tp for 30 because I'm usually out of the house before the economic news comes out and in this environment I know I'd be worried out my mind all day not knowing what has happened.
good stuff as alway magix.
Just wondering, what template is that with your volume setup? I'm trying to figure what settings I should be using on the volume indie.
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