Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound | Page 24 | Forex Factory

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Attachments: Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound
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Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound

  • #461
  • Jun 17, 2011 8:59am Jun 17, 2011 8:59am
Quoting PhAnTi'
absolutely.
You got it.

always remember and consider the timeframe you are looking at.

if we have an oversold RSX (that in addition points up ) and price reaches a demand/support area we wait how PA behaves at the certain area and wait for a confirmation to the upside. Then we buy and set stop below the demand area.
Should you buy even if we have a oversold condition and the PA gets over the resistance area?
  • #462
  • Jun 17, 2011 9:15am Jun 17, 2011 9:15am
Quoting Dorobantu
Should you buy even if we have a oversold condition and the PA gets over the resistance area?
nono ... u need to understand the basics bro...

demand similar to support,

supply similar to resistance.

These r the very basics.

So if price reaches a resistance/supply area and rsx is in overbought mode price is likely to turn and reverse a bit down.

Buyers may take profits at supply and sellers come in to push price down again.
Sell high - buy low.

target would be first approaching support, in this example marked with white rectangle.
Always check smaller timeframes ( i take the M5) for better entries and confirmation of reversal.

Attached Image (click to enlarge)
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Hero calls followed by margin calls...
  • #463
  • Jun 17, 2011 9:33am Jun 17, 2011 9:33am
finally got rid of this depressive black template.... changed some values and colours...heres the new one:

have fun

Attached Image (click to enlarge)
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Attached File(s)
File Type: tpl 02phanti.tpl   206 KB | 261 downloads
Hero calls followed by margin calls...
  • #464
  • Jun 17, 2011 9:34am Jun 17, 2011 9:34am
Quoting nitrate73
Okay , understood , thanks !
working bro?
Hero calls followed by margin calls...
  • #465
  • Jun 17, 2011 10:39am Jun 17, 2011 10:39am
Yes i just questioned because i misunderstood what you have said in your previous post, it seemed pretty awkward to buy in a oversold condition so I had to ask .
  • #466
  • Jun 17, 2011 10:45am Jun 17, 2011 10:45am
Quoting Dorobantu
Yes i just questioned because i misunderstood what you have said in your previous post, it seemed pretty awkward to buy in a oversold condition so I had to ask .
better buy oversold than overbought.

better sell overbought than oversold.
Hero calls followed by margin calls...
  • #467
  • Jun 17, 2011 12:07pm Jun 17, 2011 12:07pm
Quoting PhAnTi'
better buy oversold than overbought.

better sell overbought than oversold.
... that's pretty common sense i guess a 3 year old would do that
  • #468
  • Jun 19, 2011 11:40pm Jun 19, 2011 11:40pm
hey guys,

how r u doin? im still flat,waiting for London open

Jonas
Hero calls followed by margin calls...
  • #469
  • Jun 20, 2011 6:54am Jun 20, 2011 6:54am
hello phanti

how are you bro? i have much jobs in my work and i have not many time to watch market full day.

my today trade. got nice 45 pip


Attached Image (click to enlarge)
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Georgia
  • #470
  • Jun 20, 2011 6:58am Jun 20, 2011 6:58am
Quoting refreshg
hello phanti

how are you bro? i have much jobs in my work and i have not many time to watch market full day.

my today trade. got nice 45 pip


Attachment
nice trade bro...thats how i wanna see it.

bad, played mega fuck this morning.... im done for the day...need to analyse my trades from today to no to repeat them in the future...

hope u r doin good

Hero calls followed by margin calls...
  • #471
  • Jun 20, 2011 8:43am Jun 20, 2011 8:43am
Possible short on EUR/USD 30M

RSX overbought, R1 and Fib @ 1.443-40

Probably good for a 50 pip trade, with TS at 35, SL 25 pips up from now (1.43345)

Normally I would take this trade but I've traded already today and made my 1% so no point risking it.

Jeremy
Attached Image (click to enlarge)
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  • #472
  • Jun 20, 2011 9:17am Jun 20, 2011 9:17am
Quoting JeremyWS
Possible short on EUR/USD 30M

RSX overbought, R1 and Fib @ 1.443-40

Probably good for a 50 pip trade, with TS at 35, SL 25 pips up from now (1.43345)

Normally I would take this trade but I've traded already today and made my 1% so no point risking it.

Jeremy
yep,

nice setup.

im short.

jonas
Hero calls followed by margin calls...
  • #473
  • Jun 20, 2011 9:25am Jun 20, 2011 9:25am
Jonas,

I'm new to this supply & demand analysis, but would the bit in white be an area of demand and therefore a decent place to set a TP as it also encompasses the daily pivot. like I said I am still trying to learn S&D to assist with this great system.

Jeremy
Attached Image (click to enlarge)
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  • #474
  • Jun 20, 2011 9:31am Jun 20, 2011 9:31am
I'm short on gbp / usd 1hr @ 1.6215, + 20 floating atm //// setting be
  • #475
  • Jun 20, 2011 9:41am Jun 20, 2011 9:41am
Quoting Dorobantu
I'm short on gbp / usd 1hr @ 1.6215, + 20 floating atm //// setting be
good setup, i missed it.... rsx overbought + price at supply level.

Attached Image (click to enlarge)
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move ya sl to be and bank some,let the rest run

jonas

Hero calls followed by margin calls...
  • #476
  • Jun 20, 2011 12:28pm Jun 20, 2011 12:28pm
rather stoch approaching overbought level and going down?
  • #477
  • Jun 20, 2011 12:59pm Jun 20, 2011 12:59pm
guys please stick to the threads intension.

Trading supply and demand areas with oversold/overbought market conditions.

Any timeframe, any pair.
We usually dont include Divergences and crosses into our setups.

Jonas
Hero calls followed by margin calls...
  • #478
  • Edited 7:26pm Jun 20, 2011 6:52pm | Edited 7:26pm
Quoting msmarple
Hi Phanti,

I have applied your template, but some things seem to overlap - the data window top right, and the additional multi-clock in indicator window 1 is inactive.

But no problem, so far I like it and will adjust it. Maybe dumb question : the rsi shows up in magenta, the rsx not because you made it white ? Any reason for not showing it too in another colour ?

But a very good working basis, I hope to contribute more with trades very soon.

Once again thanks for sharing.

Edit : I forgot to add this : for the London open lines and the...
I use ibfx and was wondering how i change my dts. I'm gmt-5 here in ontario canada..i think Thanks
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  • #479
  • Jun 20, 2011 11:37pm Jun 20, 2011 11:37pm
Quoting fkforex
I use ibfx and was wondering how i change my dts. I'm gmt-5 here in ontario canada..i think Thanks
hey !, welcome to the thread.

Timezones are unchangeable in MT4, depend on the broker u r using.
The brokers use different times for open close.

Kindest regards
Jonas
Hero calls followed by margin calls...
  • #480
  • Jun 21, 2011 12:01am Jun 21, 2011 12:01am
good morning,

is there any setup? i dont see any at this time.
Georgia
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