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  • #484,781
  • Jul 9, 2011 6:06pm Jul 9, 2011 6:06pm
Quoting pkimnyc
just out of curiosity... don't macd and osma do the same job?
thought they both are momentum indicator... but hey, if you know what you are doing with them then all good.
Its just been few days im using these settings. at present im trying to learn their rhythm. My eyes sticks only on candles, EMA & PA at the time of trade.
Still practicing

Edit:
Catch ya all later
Hope
  • #484,782
  • Jul 9, 2011 6:16pm Jul 9, 2011 6:16pm
Quoting TheGamer
Its just been few days im using these settings. at present im trying to learn their rhythm. My eyes sticks only on candles, EMA & PA at the time of trade.
Still practicing

Edit:
Catch ya all later
wish you luck in your journey.
  • #484,783
  • Jul 9, 2011 6:25pm Jul 9, 2011 6:25pm
Quoting pkimnyc
just out of curiosity... don't macd and osma do the same job?
thought they both are momentum indicator... but hey, if you know what you are doing with them then all good.
Effectively...YES, in the sense that they are both trend identifying oscillators, infact, when set the same as in Chart 1, you can see that the OSMA is the trigger line for the MACD...When OSMA goes below zero, trigger line leaves the MACD, when OSMA is above zero, trigger line is back in the MACD forest.

The settings Gamer is using is a fast set of OSMA and a slower set of MACD...These are the same settings as he is working on for all of his trading charts. The difference is in the settings. If you look at Gamers charts, you will see standard MACD settings for his OSMA, where we have a slower set for his MACD...difference?

Well, triggers on trends for the multiple time frames. Using the MACD to identify the trend, and the OSMA to trigger a trade along with the trend is a scalping tool...When these are in conflict, it lets a trader know to sit on hands and wait...

Ultimately speaking, I have been working with Gamer on taking trend trades, when to get in, and how to look for exits in profit, as well as under these same stock settings, can let him know if it is time to cut losses, not watching a bad trade go to worse.

More of an easier visual representation then watching a red line go into a green forest is all...

Chart 1, MACD/OSMA, 20,50,9
Chart 2, MACD 20,50,9 - OSMA 12, 26, 9
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pk1.jpg Size: 116 KB
Click to Enlarge Name: pk2.jpg Size: 129 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #484,784
  • Jul 9, 2011 6:34pm Jul 9, 2011 6:34pm
Quoting Magix
Effectively...YES, in the sense that they are both trend identifying oscillators, infact, when set the same as in Chart 1, you can see that the OSMA is the trigger line for the MACD...When OSMA goes below zero, trigger line leaves the MACD, when OSMA is above zero, trigger line is back in the MACD forest.

The settings Gamer is using is a fast set of OSMA and a slower set of MACD...These are the same settings as he is working on for all of his trading charts. The difference is in the settings. If you look at Gamers charts, you will see standard...
i see it now... thank for the explanation.
  • #484,785
  • Jul 9, 2011 6:46pm Jul 9, 2011 6:46pm
Quoting pkimnyc
i see it now... thank for the explanation.
Simplicity...

You been around this joint a lot longer then me brother, you see a lot of the same things...traders that sit on their hands waiting to take a bad trade...

Others, like cloggie has mentioned, will sell into a bull chart every 10 pips watching for a reversal...

When the idea is to stick with the trend, this is one method...

The gamer.tpl template that we are working on is without the use of either the MACD and the OSMA, but still uses the 20, 50 EMAs as the trend identifiers...so, much the same, without the forests...

For a lot of traders out there, or aspiring traders, time is limited and taking a winning trade per day no matter what the size, beats the hell outa taking a loser...

Just tools is all...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #484,786
  • Jul 9, 2011 7:07pm Jul 9, 2011 7:07pm
Quoting Magix
Simplicity...

You been around this joint a lot longer then me brother, you see a lot of the same things...traders that sit on their hands waiting to take a bad trade...

Others, like cloggie has mentioned, will sell into a bull chart every 10 pips watching for a reversal...

When the idea is to stick with the trend, this is one method...

The gamer.tpl template that we are working on is without the use of either the MACD and the OSMA, but still uses the 20, 50 EMAs as the trend identifiers...so, much the same, without the forests...

For...
Awesome. Whatever it takes to have the green pips at the end of the week is all that matters.
  • #484,787
  • Jul 9, 2011 11:17pm Jul 9, 2011 11:17pm
Quoting Magix
Effectively...YES, in the sense that they are both trend identifying oscillators, infact, when set the same as in Chart 1, you can see that the OSMA is the trigger line for the MACD...When OSMA goes below zero, trigger line leaves the MACD, when OSMA is above zero, trigger line is back in the MACD forest.

The settings Gamer is using is a fast set of OSMA and a slower set of MACD...These are the same settings as he is working on for all of his trading charts. The difference is in the settings. If you look at Gamers charts, you will see standard...
Awesome
Man! you're asking me to post charts ? i think your recent replies in MTF thread including this one has already shown the whole picture

Thanks..i got one more exclusive snapshot
Hope
  • #484,788
  • Jul 9, 2011 11:19pm Jul 9, 2011 11:19pm
Quoting pkimnyc
wish you luck in your journey.
Yep same to you too
Hope
  • #484,789
  • Jul 9, 2011 11:45pm Jul 9, 2011 11:45pm
Quoting TheGamer
Please use simple english as you know im from India & i don't recognize many American phrases
........
i really liked that "American phrases " .... i m still try to learn these even after living in Canada for last 10 yrs ....
  • #484,790
  • Jul 10, 2011 12:19am Jul 10, 2011 12:19am
Quoting TheGamer
Please use simple english as you know im from India & i don't recognize many American phrases ...........
Start posting in Indian English, everyone would reply in simple language.

I am loving it.
The Thief of Wall Street
  • #484,791
  • Jul 10, 2011 4:58am Jul 10, 2011 4:58am
I called the top on this EURUSD run here on this thread virtually to the day it started to move down. I was using cycles which are based on Ganns ideas.

I sold within about 15 pips of the top and held the move down for just 250 pips, cycles are very apparent in the EURUSD and I suggest that you study the market to see what it MIGHT do. In the old days of my trading I tried to pick tops and bottoms, now I do the same thing but I only trade when the market shows me it is actually moving in my direction.

Trading any thing is a game of waiting, for the moment when all the factors are pointing in your direction.

To sharpen my trading skills I take part in a monthly free contest, its well worth doing as its like trading a demo, but with potential of making real money at the end of it.

Have a look at how I am doing here

http://www.dukascopy.com/traderconte...trader=Fraqtal

my thought on the eurusd now are up until the 14 July then back down till the end of August.

Good luck to you all this week.


Mike Haran
  • #484,792
  • Jul 10, 2011 5:02am Jul 10, 2011 5:02am
Posters at EURUSD scoreboard
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  • #484,793
  • Jul 10, 2011 5:21am Jul 10, 2011 5:21am
Sorry I don't get it.
Don't get mad, get even!
  • #484,794
  • Jul 10, 2011 5:24am Jul 10, 2011 5:24am
ECB President Trichet Speaks in 30 min
My closing price 4260
Looking forward to c my open price@4280

C U
  • #484,795
  • Jul 10, 2011 5:29am Jul 10, 2011 5:29am
Quoting Mike Haran
I called the top on this EURUSD run here on this thread virtually to the day it started to move down. I was using cycles which are based on Ganns ideas.

I sold within about 15 pips of the top and held the move down for just 250 pips, cycles are very apparent in the EURUSD and I suggest that you study the market to see what it MIGHT do. In the old days of my trading I tried to pick tops and bottoms, now I do the same thing but I only trade when the market shows me it is actually moving in my direction.

Trading any thing is a game of waiting,...
Many think eur go up but many think can go down and can acelerate movement.
Can you justify your point of view or thats a oracle.
Regards.
  • #484,796
  • Jul 10, 2011 6:22am Jul 10, 2011 6:22am
Quoting guernica
Many think eur go up but many think can go down and can acelerate movement.
Can you justify your point of view or thats a oracle.
Regards.

To the quote here not Guernica!!

You got lucky, if you make enough predictions and enough people make predictions then yes ofcourse some are going to be correct, it's a coincidence nothing more, stop ignoring all the times you get it wrong!!

You CAN not predict the market!!, doesn't mean you can't profit from trends but you sure can't predict when a trend will change direction.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #484,797
  • Jul 10, 2011 7:12am Jul 10, 2011 7:12am
Quoting Turveyd
To the quote here not Guernica!!

You got lucky, if you make enough predictions and enough people make predictions then yes ofcourse some are going to be correct, it's a coincidence nothing more, stop ignoring all the times you get it wrong!!

You CAN not predict the market!!, doesn't mean you can't profit from trends but you sure can't predict when a trend will change direction.
  • #484,798
  • Jul 10, 2011 7:55am Jul 10, 2011 7:55am
Hello everyone! Good luck this next week!

I will look to buy that 3rd touch of the trendline in Daily.
Greetings, BeLikewater
  • #484,799
  • Jul 10, 2011 8:20am Jul 10, 2011 8:20am
appeared last night while i was doing my analysis... anybody else got that candle?
Attached Image (click to enlarge)
Click to Enlarge Name: strange candle.png Size: 78 KB
  • #484,800
  • Jul 10, 2011 8:26am Jul 10, 2011 8:26am
Quoting jaylovin
appeared last night while i was doing my analysis... anybody else got that candle?
Hi jay,

Sheesh...of NFP proportions, too! No sign of it on any of my brokers. Price currently at 1.4258. So...did you see foreshadowing, or bait and switching?

Who's the broker, as a matter of interest?
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