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  • #3,241
  • Apr 13, 2011 4:44am Apr 13, 2011 4:44am
There was a slight bug in the ret setup indicator which Bill kindly pointed out to me. This is now fixed, new version below.
Attached File(s)
File Type: mq4 !Ret Setup.mq4   4 KB | 515 downloads
  • #3,242
  • Apr 13, 2011 4:52am Apr 13, 2011 4:52am
Divergence... Hello! Thankyou so much for this thread. It has taken me a few days and lots of messing around but its all falling into place now. I was reasonably chart savvy beforehand, but if you stick to the system, its simple. Just now starting to make good calls, however i have a question!

I am only up to page 26 so far and it may well have been asked/answered already but in case not...

How much does a candle need to be higher (or lower) than the previous to be valid. I currently have two showing, one on cable and one on the swissie, both have breached their previous low/high respectively by less than one full point. Does this still count as a higher low/high...???

Many thanks again.

TCG
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #3,243
  • Apr 13, 2011 4:54am Apr 13, 2011 4:54am
Quoting vince
hm, my chart looks different
anyways congrats on that one.
i say we need to break through .6235 area to start a downtrend move. What are your thoughts?
my trend change line is around the 6260 area which is one of the reasons i took this trade... price had already pierced through then made a LH and is back below so for me as long as it stays below 60ish we are now going down.
  • #3,244
  • Apr 13, 2011 5:01am Apr 13, 2011 5:01am
Quoting d4n
There was a slight bug in the ret setup indicator which Bill kindly pointed out to me. This is now fixed, new version below.
thanks d4n, sorted !
  • #3,245
  • Apr 13, 2011 5:41am Apr 13, 2011 5:41am
anyone get this luuuurvly looking flag? pips everywhere this morning
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 29 KB
  • #3,246
  • Apr 13, 2011 5:48am Apr 13, 2011 5:48am
Quoting d4n
anyone get this luuuurvly looking flag? pips everywhere this morning
Well done! I stopped looking for trades a little earlier as I thought it was getting late in the London session and decided to wait until the NY session starts. I see you are off to a great start today with two wins. Ray
  • #3,247
  • Apr 13, 2011 5:59am Apr 13, 2011 5:59am
Quoting vince
hm, my chart looks different
anyways congrats on that one.
i say we need to break through .6235 area to start a downtrend move. What are your thoughts?
we have a 6235 level confirmation of support so it can continue to uptrend today
  • #3,248
  • Apr 13, 2011 7:26am Apr 13, 2011 7:26am
Thanks...............
Quoting d4n
There was a slight bug in the ret setup indicator which Bill kindly pointed out to me. This is now fixed, new version below.
  • #3,249
  • Apr 13, 2011 8:04am Apr 13, 2011 8:04am
Quoting d4n
There was a slight bug in the ret setup indicator which Bill kindly pointed out to me. This is now fixed, new version below.
4dn:
Is this the CCI retracement histogram?
Thanks
  • #3,250
  • Apr 13, 2011 8:15am Apr 13, 2011 8:15am
yes
  • #3,251
  • Edited 8:27am Apr 13, 2011 8:24am | Edited 8:27am
+10 on e/u..........entry at 9:15 am
  • #3,252
  • Apr 13, 2011 8:28am Apr 13, 2011 8:28am
Quoting Joel
+10 on e/u..........entry at 9:15 am
Nice and easy trade eh? In-n-out!
  • #3,253
  • Apr 13, 2011 8:29am Apr 13, 2011 8:29am
Quoting Joel
+10 on e/u..........entry at 9:15 am

I'm glad it worked out for you...but it doesn't look like we got the trigger bar until the big candle and it was too big for me and didn't get triggered anyway.
  • #3,254
  • Apr 13, 2011 8:30am Apr 13, 2011 8:30am
Looking at price now, I wonder if I was just lucky.....but I saw the indicators....
Quoting ndhoanggia
Nice and easy trade eh? In-n-out!
  • #3,255
  • Apr 13, 2011 8:32am Apr 13, 2011 8:32am
Quoting Joel
Looking at price now, I wonder if I was just lucky.....but I saw the indicators....
outside the rules for me
  • #3,256
  • Apr 13, 2011 8:35am Apr 13, 2011 8:35am
trigger bar was at 9:10 with +50 cci and price within 2.4 of sma... but I could be wrong...
Quoting tb62
I'm glad it worked out for you...but it doesn't look like we got the trigger bar until the big candle and it was too big for me and didn't get triggered anyway.
  • #3,257
  • Apr 13, 2011 8:38am Apr 13, 2011 8:38am
Quoting Joel
trigger bar was at 9:10 with +50 cci and price within 2.4 of sma... but I could be wrong...
looks ok to me Joel... just a bit of an ugly duckling, but as we all know they can sometimes turn into swans
  • #3,258
  • Apr 13, 2011 8:40am Apr 13, 2011 8:40am
Quoting Joel
trigger bar was at 9:10 with +50 cci and price within 2.4 of sma... but I could be wrong...
Also M15 and H1 trends are up.
  • #3,259
  • Apr 13, 2011 8:40am Apr 13, 2011 8:40am
Quoting Divergence
this question has come up way to many times i will explain this crystal clear for the last time. Definition of setup bar: this is a candle that has closed above or below the sma and is either touching the sma or its within 2.4 pips of the sma and the cci has closed above or below the 50, (if the reading is 50.000 thats fine 49.999 is not fine) all setups with the trend trade , div 123 are the same for the setup bar. Also the div 123 the setup bar high or low must be with 2.4 pips of point 2. Thats it no more discussions about this if you cant comprehend what i just wrote then it might be best if you give up trading for a living because this cant be explained any clearer and we need to move past this, sorry if it seems a little harsh. Now lets go make some money
on my chart the setup bar high was not within 2.4 pips of point 2
  • #3,260
  • Apr 13, 2011 8:41am Apr 13, 2011 8:41am
I had set up bar 9:10 and trigger at the 9:15 bar
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