just for share
Silver .... this week ...
Silver .... this week ...
- #102
- May 16, 2011 12:32am May 16, 2011 12:32am
- Joined May 2010 | Status: Trader | 2,693 Posts
GBPAUD .... Long set up
- #103
- Edited 8:22am May 16, 2011 12:35am | Edited 8:22am
- Joined Oct 2008 | Status: Just be the witness. | 1,089 Posts
Hi michael,
thanks for your feed back
Rsi indicator i'm just using my old version but the point to using this indi is only to see the oversold area and overbought area only
RSI with Trend Catcher signal
Copyright1999-2007, MetaQuotes Software Corp.
http://www.metaquotes.ru
Rsi setting to 50 is working well at the lower Time frame from 60M to 1M time frame.
Turning point of the reversal Price movement, we need to observe the MA
line and The Price action (ie IB, Pin Bar, Outside Bar that important)
overall this method is...
thanks for the extensive answer. My main reason for my interest in your method is definitely the multi-timeframe " point-of view ".....I was looking for a long time for a good combination of MA`s etc. where I can switch from higher to lower timeframes AND KEEP my analysis on the chart.
Your high to lower on NU now shows this very well, especially first on the 240min !
In other methods I only find either :
a) traders use 200sma, 200 ema, 100 or 50 etc. But this doesn`t give such a good overview WHEN actually a trend change happens.
b) many use only 20 ema, 34 ema, 50 or 55 ema, sma, lwma on 15, 5 min etc. This often gives a good average judgement for short-term trend and is good for a few pips, but leaves out the BIG moves.
So thank you for this idea to combine 2/4 MA for highest, 365 and 144/169 for middle and then the ability to still see the overall picture on lower timeframes.
And yes, simple price action bars and formations should then be used as further confirmation for entries/exits.
Thank you for sharing ! I have a lot of non-trading business to do, so I will only be able to post more in 2-3 weeks,.....but I like your precise charts very much and it shows clearly that you are experienced and that you have an excellent grasp of price action at reversal points.
I wish you a very good week, hopefully some other traders see your posts and join in !
_____________
michael
Be like water.
- #104
- May 16, 2011 12:57am May 16, 2011 12:57am
- Joined May 2010 | Status: Trader | 2,693 Posts
Good morning mrhb30jr,
thanks for the extensive answer. My main reason for my interest in your method is definitely the multi-timeframe " point-of view ".....I was looking for a long time for a good combination of MA`s etc. where I can switch from higher to lower timeframes AND KEEP my analysis on the chart.
Your high to lower on NU now shows this very well, especially first on the 240min !
In other methods I only find either :
a) traders use 200sma, 200 sma, 100 or 50 etc. But this doesn`t give such a good overview WHEN actually a trend...
Thank you for ur good feedback, there is no limit to learning and i'm always learning for this ......
pls take a noted (for your reference)
for the daily TF I'm using 2MA and 3MA from Monthly TF ....
end of my word, i wish you a very good week too ......
cheers
- #105
- May 16, 2011 1:09am May 16, 2011 1:09am
- Joined May 2010 | Status: Trader | 2,693 Posts
Hi michael,
Thank you for ur good feedback, there is no limit to learning and i'm always learning for this ......
pls take a noted (for your reference)
for the daily TF I'm using 2MA and 3MA from Monthly TF ....
end of my word, i wish you a very good week too ......
cheers
- #106
- May 16, 2011 4:36am May 16, 2011 4:36am
- Joined May 2010 | Status: Trader | 2,693 Posts
Updated of today trade
NU nice break out on 15Mtf clear move down trend
GBPAUD break out .....
NU nice break out on 15Mtf clear move down trend
GBPAUD break out .....
- #108
- May 16, 2011 8:28am May 16, 2011 8:28am
- Joined Oct 2008 | Status: Just be the witness. | 1,089 Posts
Very good ! I am not short Yen pairs as I think USDJPY will break out to the upside soon ( however long that will take ).
But good to see you capture the breakout moves NOW.
I am still waiting for LONG usdchf and LONG usdcad, hopefully before I celebrate my 90th birthday....
All the best, please keep posting !
_______________
michael
But good to see you capture the breakout moves NOW.
I am still waiting for LONG usdchf and LONG usdcad, hopefully before I celebrate my 90th birthday....
All the best, please keep posting !
_______________
michael
Be like water.
- #109
- May 16, 2011 12:04pm May 16, 2011 12:04pm
- Joined May 2010 | Status: Trader | 2,693 Posts
Very good ! I am not short Yen pairs as I think USDJPY will break out to the upside soon ( however long that will take ).
But good to see you capture the breakout moves NOW.
I am still waiting for LONG usdchf and LONG usdcad, hopefully before I celebrate my 90th birthday....
All the best, please keep posting !
_______________
michael
to wish ur birthday michael...... cheer
- #110
- May 16, 2011 9:05pm May 16, 2011 9:05pm
- Joined May 2010 | Status: Trader | 2,693 Posts
Hi all, updated EJ 15MTF and GBPAUD 60MTF
All direction still valid ....... no change GBPAUD - Long Set up and EJ - Short set up SL above 115.xx ..... cheers
All direction still valid ....... no change GBPAUD - Long Set up and EJ - Short set up SL above 115.xx ..... cheers
- #112
- May 19, 2011 12:49am May 19, 2011 12:49am
- Joined May 2010 | Status: Trader | 2,693 Posts
hi all,
today set up uscad long and nu short entry
today set up uscad long and nu short entry
- #113
- May 19, 2011 4:05am May 19, 2011 4:05am
- Joined May 2010 | Status: Trader | 2,693 Posts
GJ 15 MTF I'm going to enter Long this currency .....
- #114
- May 21, 2011 3:15am May 21, 2011 3:15am
- Joined May 2010 | Status: Trader | 2,693 Posts
hi all here trade using this method 2and4wkline for 240mtf last two week
- #115
- May 22, 2011 11:52pm May 22, 2011 11:52pm
- Joined May 2010 | Status: Trader | 2,693 Posts
Dear all,
here my today entry point ...
here my today entry point ...
- #116
- May 24, 2011 8:39pm May 24, 2011 8:39pm
- Joined May 2010 | Status: Trader | 2,693 Posts
EU updated continue going back to downward after reached your 2MA wk line now I'm just entry short from here SL above 2MA line .....
Very good ! I am not short Yen pairs as I think USDJPY will break out to the upside soon ( however long that will take ).
But good to see you capture the breakout moves NOW.
I am still waiting for LONG usdchf and LONG usdcad, hopefully before I celebrate my 90th birthday....
All the best, please keep posting !
_______________
michael
at 90th you still trade forex.. keep it up!
- #118
- Dec 3, 2011 11:30pm Dec 3, 2011 11:30pm
- Joined May 2010 | Status: Trader | 2,693 Posts
hi all, here the sample of turning point using this method .... cheer
- #119
- Dec 8, 2011 10:58am Dec 8, 2011 10:58am
- Joined May 2010 | Status: Trader | 2,693 Posts
here the eu ..... not bad
- #120
- Last Post: Edited 10:25pm Nov 1, 2014 10:15pm | Edited 10:25pm
- Joined May 2010 | Status: Trader | 2,693 Posts
