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  • #1,801
  • Jun 23, 2011 6:40am Jun 23, 2011 6:40am
is eur chf lining up for anything now its moved up into the tmas?
  • #1,802
  • Jun 23, 2011 6:40am Jun 23, 2011 6:40am
Quoting peterporter
correct , the thing with the hot pair , is you are gonna get less retracement signals if its so hot ,
this is where i would not use the rf signal but just look at pa to enter
there is no such thing as hot pair.. it can get cold in flash brother...

a descent measured PB is necessary to get back on the trend ride again and again ..
  • #1,803
  • Edited 7:03am Jun 23, 2011 6:44am | Edited 7:03am
Quoting deankenny21
is eur chf lining up for anything now its moved up into the tmas?
yeh if it gets to the upper tma , 1.20000, S1 level - they are all together
look for a MOM down signalled by the RF finder but beware of NY open

This is purely MY opinion ok

UPDATE this is one you want to monitor cos it could be stopping at a fib level and the middle tma
like I said , lack of signals on the hotter pairs
I was in then out for a total of +8 pips- trade now closed
  • #1,804
  • Jun 23, 2011 6:45am Jun 23, 2011 6:45am
Quoting peterporter
yeh if it gets to the upper tma , 1.20000, S1 level - they are all together
look for a MOM down signalled by the RF finder but beware of NY open

This is purely MY opinion ok
cheers dude, also same scenario in eurjpy too
  • #1,805
  • Jun 23, 2011 6:58am Jun 23, 2011 6:58am
well that eur chf gave a short RF signal, but 60min stoch was up, would you short or leave alone, obv considering the pair is in a obvious downtrend like you mentioned.
  • #1,806
  • Jun 23, 2011 7:04am Jun 23, 2011 7:04am
Quoting deankenny21
well that eur chf gave a short RF signal, but 60min stoch was up, would you short or leave alone, obv considering the pair is in a obvious downtrend like you mentioned.
I did short it for + 8 pips - see my post above
  • #1,807
  • Jun 23, 2011 7:06am Jun 23, 2011 7:06am
Quoting peterporter
I did short it for + 8 pips - see my post above
i see, i dont really want to get into fib levels with this system yet, i just like to play by the rules of the system, and not have to worry about support/resistence fib levels etc.
  • #1,808
  • Jun 23, 2011 7:09am Jun 23, 2011 7:09am
Quoting deankenny21
i see, i dont really want to get into fib levels with this system yet, i just like to play by the rules of the system, and not have to worry about support/resistence fib levels etc.
No , I understand ,
There are so many levels and things
All I'd say is watch the candle formations to tell you where the levels are in relation to the system (WHICH IS BRILLIANT)
Yeh people question the TMA vs TMA true but that means nothing other than they think there are more opportunities than there really has been in the past ,
I dont care , I make more opportunitoies by looking at more pairs
  • #1,809
  • Jun 23, 2011 7:12am Jun 23, 2011 7:12am
Quoting peterporter
No , I understand ,
There are so many levels and things
All I'd say is watch the candle formations to tell you where the levels are in realtion to the system (WHICH IS BRILLIANT)
dont get me wrong, i done all my babypips training on levels etc, i even had a succesful period trading only support and resistence, but didnt last long, fib levels are all over the place sometimes as ppl see highs and lows differently. This why this system really took me in, because most my winners are purely from the system rules and some basic PA movement watching
  • #1,810
  • Edited 7:28am Jun 23, 2011 7:17am | Edited 7:28am
Quoting deankenny21
dont get me wrong, i done all my babypips training on levels etc, i even had a succesful period trading only support and resistence, but didnt last long, fib levels are all over the place sometimes as ppl see highs and lows differently. This why this system really took me in, because most my winners are purely from the system rules and some basic PA movement watching
Ah your getting cofused with fib retracement levels
I meant fib pivot levels

Yeh forget about that fib retracement stuff
Waste of time at the five minute level for me , Never really bothered drawing all those silly lines on charts
its all self created by the fibbers themeselves
In fact if you took into account all levels fibs trends blah blah blah you would be too scared to set a trade in fear of reversal all the time
By the way AU is retracing well at the moment

Thats me finished for the day
back tomorrow morning byebye
  • #1,811
  • Jun 23, 2011 7:23am Jun 23, 2011 7:23am
Quoting peterporter
Ah your getting cofused with fib retracement levels
I meant fib pivot levels

Yeh forget about that fib retracement stuff
Waste of time at the five minute level for me , Never really bothered drawing all those silly lines on charts
its all self created by the fibbers themeselves
In fact if you took into account all levels fibs trends blah blah blah you would be too scared to set a trade in fear of reversal all the time
By the way AU is retracing well at the moment
ah i see, my bad.

anyway back to scanning, can anyone see any potential setups, im trying to cook my cheese toastie and watch charts at same time lol
  • #1,812
  • Jun 23, 2011 7:42am Jun 23, 2011 7:42am
Good evening Kevin and all the other guides to this thread - really appreciate the time you are giving.

Can someone please help on a minor point regarding the Stochastics indicator.

When the 4Hour stoch, and / or the 1 Hour stoch go either very overbought or oversold, they drop off the top / bottom of the screen, and I cant make out what they are doing.

Is there a way to rescale the axis which currently is 1 up to 100 - often if either of the stochs is less than 1 then I cant read.

Appreciate any guidance, and once again thanks for a great learning program

Cheers
  • #1,813
  • Jun 23, 2011 8:10am Jun 23, 2011 8:10am
Quoting P.Dean
short on cad Live...
Hello PDean, how do you manage to set the rf bar with diferent colors if it is up or down?
  • #1,814
  • Jun 23, 2011 8:18am Jun 23, 2011 8:18am
Quoting deankenny21
anyway back to scanning, can anyone see any potential setups, ...
What a good morning, like shooting fish in a barrel

Hey where is fearless leader ??
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  • #1,815
  • Jun 23, 2011 8:21am Jun 23, 2011 8:21am
Quoting docrock
What a good morning, like shooting fish in a barrel

Hey where is fearless leader ??
wow so many, your obviously better than me at this
i just longed eurchf and audusd
  • #1,816
  • Jun 23, 2011 8:26am Jun 23, 2011 8:26am
Quoting deankenny21
wow so many, your obviously better than me at this
i just longed eurchf and audusd
Ha ha yeah only today My friend,

normally never seem to get that many winners in a row...

  • #1,817
  • Jun 23, 2011 8:28am Jun 23, 2011 8:28am
Quoting docrock
Ha ha yeah only today My friend,

normally never seem to get that many winners in a row...

i longed eurchf a min ago, price well below bottom tma, with 1hr and 4hr stochs showing up, is this a valid trade according to rules?
  • #1,818
  • Jun 23, 2011 8:33am Jun 23, 2011 8:33am
Quoting deankenny21
i longed eurchf a min ago, price well below bottom tma, with 1hr and 4hr stochs showing up, is this a valid trade according to rules?
oooo risky ...I hope for you

keeping stop loss tight
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  • #1,819
  • Jun 23, 2011 8:36am Jun 23, 2011 8:36am
Quoting docrock
oooo risky ...I hope for you

keeping stop loss tight
i got burnt

what did i do wrong?
  • #1,820
  • Jun 23, 2011 8:43am Jun 23, 2011 8:43am
Quoting deankenny21
i got burnt

what did i do wrong?
Not for much though ,right?

Just trending down so hard, difficult to fight that

moving on
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