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  • #1,441
  • Oct 13, 2011 6:39am Oct 13, 2011 6:39am
This might be an interesting level to keep an eye on.....
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,442
  • Oct 13, 2011 7:22am Oct 13, 2011 7:22am
That is going to be strong support RJ ?
  • #1,443
  • Oct 13, 2011 7:25am Oct 13, 2011 7:25am
Quoting Peteday
That is going to be strong support RJ ?
Nothing is guaranteed, but it should be.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,444
  • Oct 13, 2011 7:27am Oct 13, 2011 7:27am
Possible good buy forming, just waiting on trend line to change color
  • #1,445
  • Oct 13, 2011 8:18am Oct 13, 2011 8:18am
Evaluator,

Great thread and system.... I have been enjoying following along.

I do have a question regarding all the indicators however. I understand that they are repainting, which is not an issue - my question is the lining up of all the indicators for a trade.

I have been watching this for about a week now, and it seems that every time the Trendline turns and changes colors, all the other indicators have also already turned. Doesn't this then mean we are simply trading all the turns of the Symphonie Trendline?

I can see that the other indicators are useful as a "heads up" for a potential turn, but I wanted to make sure I am seeing what I think I am.

Thanks in advance
  • #1,446
  • Oct 13, 2011 8:20am Oct 13, 2011 8:20am
That's EXACTLY what I've been thinking and why I asked if anyone had a trend-line indicator which includes an alert.

PB



Quoting Deadpool
Evaluator,

Great thread and system.... I have been enjoying following along.

I do have a question regarding all the indicators however. I understand that they are repainting, which is not an issue - my question is the lining up of all the indicators for a trade.

I have been watching this for about a week now, and it seems that every time the Trendline turns and changes colors, all the other indicators have also already turned. Doesn't this then mean we are simply trading all the turns of the Symphonie Trendline?

I can see that the...
  • #1,447
  • Oct 13, 2011 8:27am Oct 13, 2011 8:27am
Quoting Deadpool
Evaluator,

Great thread and system.... I have been enjoying following along.

I do have a question regarding all the indicators however. I understand that they are repainting, which is not an issue - my question is the lining up of all the indicators for a trade.

I have been watching this for about a week now, and it seems that every time the Trendline turns and changes colors, all the other indicators have also already turned. Doesn't this then mean we are simply trading all the turns of the Symphonie Trendline?

I can see that the other indicators...
Yes and no....Trendline is the slowest of the indikators and will normally be the last to change. So yes we are looking for Trendline to change. However, there are instances when trendline changed and one of the other indikators do not line up. So, not always. YOu need an alignment of all Trend, Emotion, Sentiment, and Extreme before you really have good price action movements.

Trendline can change back and forth in times of consolidation so it is important to watch all 4.

I hope that answers your question.

eval.
  • #1,448
  • Oct 13, 2011 8:27am Oct 13, 2011 8:27am
Quoting pixelboy
That's EXACTLY what I've been thinking and why I asked if anyone had a trend-line indicator which includes an alert.

PB
Perhaps most helpful would be a modification to the Trendline indicator that would show where a current candle price needs to reach to effect a color/direction change. I understand that the indicator calculates the past x number of bars, but it seems something like this could be dynamically calculated bar by bar to give us a better heads up as to what price a change will happen. Of course, price can reverse again immediately, but that is the nature of it all.

Wish I knew how to program....may be time for me to learn
  • #1,449
  • Oct 13, 2011 8:28am Oct 13, 2011 8:28am
Quoting Evaluator
Yes and no....Trendline is the slowest of the indikators and will normally be the last to change. So yes we are looking for Trendline to change. However, there are instances when trendline changed and one of the other indikators do not line up. So, not always. YOu need an alignment of all Trend, Emotion, Sentiment, and Extreme before you really gat good movements.

Trendline can change back and forth in times of consolidation so it is important to watch all 4.

I hope that answers your question.

eval.
I believe it does....perhaps I have not been watching the changes closely enough. I will continue to monitor, and thank you for the response.
  • #1,450
  • Oct 13, 2011 8:35am Oct 13, 2011 8:35am
Eval,

I have attached the current 5 min chart.... this may be an example of what you are saying regarding having everything lined up?


Thanks
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  • #1,451
  • Oct 13, 2011 8:52am Oct 13, 2011 8:52am
Quoting Deadpool
Eval,

I have attached the current 5 min chart.... this may be an example of what you are saying regarding having everything lined up?


Thanks

I would think this to be too late in a movement looking at trendline. in this instance i would wait until all the indikators change to blue or up.

but also pay close attention to market news to find out what are the market drivers for the day. you do not want to be in the opposite direction of a market event that may produce lossing trades.

eval.
  • #1,452
  • Oct 13, 2011 8:54am Oct 13, 2011 8:54am
Quoting Evaluator
I would think this to be too late in a movement looking at trendline. in this instance i would wait until all the indikators change to blue or up.

but also pay close attention to market news to find out what are the market drivers for the day. you do not want to be in the opposite direction of a market event that may produce lossing trades.

eval.
Sorry, I was not clear...yes, I meant for a move up - thanks.
  • #1,453
  • Oct 13, 2011 9:04am Oct 13, 2011 9:04am
Quoting Deadpool
Sorry, I was not clear...yes, I meant for a move up - thanks.
Just wanted to make sure you got this right.

You need a spike down with a blue line along with all other indicators blue, plus the trendline blue to go long.

According to your chart the last spike was a red one for a short and would therefore not be a valid long trade even if the trendline turned blue...

Sorry if that's what you meant but I was unsure!
  • #1,454
  • Oct 13, 2011 9:07am Oct 13, 2011 9:07am
FOREX CHART PATTERNS 101

THE BEAR FLAG pattern formation

Here is an excellent example of a basic chart pattern knowledge that can really help your trading. The graph is a perfect example of a textbook Bear Flag formation.

We see the price action in along drive down and then comes a period of consolidation that creates the shape of a flag.

In this type formation it is important to pay attention to the bottom trendline formed by the flag. A break of the bottom trendline says that the Price Action will continue down.

At the break of the flag, one can expect another downward movement that should equal the length of the pole of the bear flag. So one can expect (normally) another 120 pip downward move before hitting any support to stop the down price action.
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  • #1,455
  • Oct 13, 2011 9:13am Oct 13, 2011 9:13am
Quoting mogulmedia
Just wanted to make sure you got this right.

You need a spike down with a blue line along with all other indicators blue, plus the trendline blue to go long.

According to your chart the last spike was a red one for a short and would therefore not be a valid long trade even if the trendline turned blue...

Sorry if that's what you meant but I was unsure!
Yes, that is what I meant. Since there was not a blue (down pointing spike) since the last red one, even if the trendline indicator changed up, that would NOT be a long trade.

I guess it is the verbage.... a long spike signal actually points "downward". but it is blue in color and therefore bullish. I think we are all in the same page, just didn't explain myself well.

Current chart attached..... now there is a blue spike on the extreme indicator, if all the other indies turn blue, we would have a long signal (per my understanding and news/common sense being taken into account)

Thanks all
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  • #1,456
  • Oct 13, 2011 9:17am Oct 13, 2011 9:17am
Quoting Deadpool
Yes, that is what I meant. Since there was not a blue (down pointing spike) since the last red one, even if the trendline indicator changed up, that would NOT be a long trade.

I guess it is the verbage.... a long spike signal actually points "downward". but it is blue in color and therefore bullish. I think we are all in the same page, just didn't explain myself well.

Current chart attached..... now there is a blue spike on the extreme indicator, if all the other indies turn blue, we would have a long signal (per my understanding and news/common...
Deadpool,

it is important to remember to keep a second chart of larger timeframe running along side a 5 min. That way you see whole market movements.

5 min. is the tree. do not get caught looking at the tree too closley when the whole forrest is on fire....because you will get burned!

so keep a 15 or 30 min chart beside your 5 min to give you whole market perspective.

eval.
  • #1,457
  • Oct 13, 2011 9:23am Oct 13, 2011 9:23am
Quoting Evaluator
Deadpool,

it is important to remember to keep a second chart of larger timeframe running along side a 5 min. That way you see whole market movements.

5 min. is the tree. do not get caught looking at the tree too closley when the whole forrest is on fire....because you will get burned!

so keep a 15 or 30 min chart beside your 5 min to give you whole market perspective.

eval.
Absolutely - I have been doing that, and it is very helpful.

By the way, have you found any additional value in the modified settings for the cycle indie?

Thanks
  • #1,458
  • Oct 13, 2011 9:26am Oct 13, 2011 9:26am
Quoting Deadpool
Absolutely - I have been doing that, and it is very helpful.

By the way, have you found any additional value in the modified settings for the cycle indie?

Thanks

which one??? i am running 10 different models on peoples suggestions and recomendations right now.

it is hard to keep up with them all.
  • #1,459
  • Oct 13, 2011 9:36am Oct 13, 2011 9:36am
Quoting Evaluator
which one??? i am running 10 different models on peoples suggestions and recomendations right now.

it is hard to keep up with them all.

lol..... this one http://www.forexfactory.com/showthre...17#post5024517
  • #1,460
  • Oct 13, 2011 9:39am Oct 13, 2011 9:39am
Quoting Deadpool
lol..... this one http://www.forexfactory.com/showthre...17#post5024517
yes. i have a second extreme indikator on my chart running those settings.
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