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  • #21
  • Edited Jan 6, 2012 12:59pm Jan 5, 2012 8:15pm | Edited Jan 6, 2012 12:59pm
short
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  • #22
  • Edited Jan 6, 2012 12:59pm Jan 5, 2012 9:35pm | Edited Jan 6, 2012 12:59pm
long
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  • #23
  • Jan 5, 2012 10:17pm Jan 5, 2012 10:17pm
hi
i can not understand
pls can u till me how drow this level in chart what is indcetor for this ?
and when sell and when buy ?

thanks man
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  • #24
  • Edited Jan 6, 2012 2:44am Jan 5, 2012 11:44pm | Edited Jan 6, 2012 2:44am
Quoting almsre
hi
i can not understand
pls can u till me how drow this level in chart what is indcetor for this ?
and when sell and when buy ?

thanks man
Click on insert tab at the top left of your screen, then go to fibonacci, then retracement this will give you the tool, once you have put it on your chart, double click on it so that it's highlighted, then right click on it and go into fibo properties, under fibo levels change the levels to 0, .25, .5, .75 and 1. You should have a range divided into 4 equal parts now. Then all you need to do is place it from whatever highs, lows you find significant. You can change the colors and thickness of the lines for more visibility.

Look at post #7, you will notice in my charts I only enter a trade after price has closed above/below minor and major levels. I entered late on the chart you posted, otherwise it would of been right at 6.3198. I will explain how I use the CoTD later.

Don't place trades based on my analysis only, do your own homework.
  • #25
  • Jan 6, 2012 1:42am Jan 6, 2012 1:42am
Quoting Kas1
Click on insert tab at the top left of your screen, then go to fibonacci, then retracement this will give you the tool, once you have put it on your chart, double click on it so that it's highlighted, then right click on it and go into fibo properties, under fibo levels change the levels to 0, .25, .5, .75 and 100. You should have a range divided into 4 equal parts now. Then all you need to do is place it from whatever highs, lows you find significant. You can change the colors and thickness of the lines for more visibility.

Look at post #7, you...

thanks for this
i need konw it this True
and how used CoTD
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  • #26
  • Jan 6, 2012 2:06am Jan 6, 2012 2:06am
Quoting almsre
thanks for this
i need konw it this True
and how used CoTD
No problem, you forgot the bottom 100 level on the pivots...

You basically have it right, but I use 2 pivot points, not that you need to. One pivot is set on a smaller range then the other which creates minor and major levels. My logical assumption is the levels created by the larger range will be tougher to penetrate then the smaller ones.

Depending on what you want your reward/risk ratio to be depends on where you place your stop. Personally I would of put my stop half way between the 25 and 0 levels you have marked if you want to take profit at the 50
  • #27
  • Jan 6, 2012 2:14am Jan 6, 2012 2:14am
Quoting Kas1
long
stopped out
  • #28
  • Edited 9:58am Jan 6, 2012 9:28am | Edited 9:58am
show this chart

i sell it now
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  • #29
  • Jan 6, 2012 12:49pm Jan 6, 2012 12:49pm
Quoting Kas1
gb/jp shorts
hit my target for these 2 trades
  • #30
  • Jan 6, 2012 12:58pm Jan 6, 2012 12:58pm
Quoting Kas1
short
target hit
  • #31
  • Jan 6, 2012 1:27pm Jan 6, 2012 1:27pm
us/ca trade off 1.0236 that I wasn't around to take
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  • #32
  • Jan 6, 2012 1:43pm Jan 6, 2012 1:43pm
Quoting almsre
show this chart

i sell it now
just heading out right now, will post on au/ca later...but I think you were missing more confirmation of the move down, I wouldn't of taken the short there
  • #33
  • Jan 6, 2012 9:16pm Jan 6, 2012 9:16pm
Quoting almsre
show this chart

i sell it now
Take a look at the candles and bars on the CoTD that are marked with letters:

A. This was the first candle to close below the minor level marked in white, but price did not make it past the major level marked in blue. If you look at the COTD histogram you will see that on this bar the rate of change increased but not enough selling pressure was there for price to penetrate the stronger level.

B. This was the first candle to close below the minor and major level (smaller and larger pivot levels). Look again at the CoTD histogram, the rate of change is down. So even though price has made it through both levels, there has been a decrease in the rate of movement which to me suggests there is no velocity to keep price pushing further down.

C. Another bar just like B, only on this bar, the rate of change decreases even more. That suggests there is even less velocity then the previous bar to push price down further.

D. Up candle that moves back through major and minor levels with the CoTD increase. This to me is a good rate of change through resistance and would be a sign to look for further confirmation to enter long off 1.0449.
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  • #34
  • Edited 7:58am Jan 7, 2012 5:44am | Edited 7:58am

Interesting quotes from WD Gann:

"My calculations are based on the cycle theory and on mathematical sequences."

"Mathematical science, which is the only real science that the entire civilized world has agreed upon, furnishes unmistakable proof of history repeating itself and shows that the cycle theory, or harmonic analysis, is the only thing that we can rely upon to ascertain the future."

"Vibration is fundamental; nothing is exempt from this law; it is universal, therefore applicable to every class of phenomena on the globe."

"After years of patient study I have proven to my entire satisfaction as well as demonstrated to others that vibration explains every possible phase and condition of the market."

"Every movement in the market is the result of a natural law and of a cause which exists long before the effect takes place and can be determined years in advance. The future is but a repetition of the past, as the Bible plainly states: `The thing that has been, it is that which shall be; and that which is done is that which shall be done, and there is nothing new thing under the sun.' -Eccl. 1:9."
  • #35
  • Edited 6:02am Jan 7, 2012 5:53am | Edited 6:02am
http://www.forexfactory.com/showthre...=229183&page=4
http://www.forexfactory.com/showthre...=229183&page=3
http://www.forexfactory.com/showthre...=229183&page=2

Hey man ! Sorry for disturbance ... hell of a house u hv in here. (many charts).

Just dropping by to say about CAD/JPY . Your technicals analysis the other day was correct that it will fall . What indications u used ?

The only thing which was not correct is the timing/level when u shorted it at that point in time. U got new entry in that pair right now ?

I post chart in here , hope u don't mind (pollution again)

As for me , I put to BE (after I saw CAD being sold heavily) on the earliest long scalp (75.38) and it was blown allright !

Re-entered long scalp @ 75.00 , not worried thou ... coz short @ 75.85 will maintain the pips gain.

Should it fail to pierce that LTL ... am going to add long scalp from there.
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  • #36
  • Jan 7, 2012 6:20am Jan 7, 2012 6:20am
So many buyers ... good to short it ... can take their money
  • #37
  • Jan 7, 2012 7:46am Jan 7, 2012 7:46am
Quoting VennD
http://www.forexfactory.com/showthre...=229183&page=4
http://www.forexfactory.com/showthre...=229183&page=3
http://www.forexfactory.com/showthre...=229183&page=2

Hey man ! Sorry for disturbance ... hell of a house u hv in here. (many charts).

Just dropping by to say about CAD/JPY . Your technicals analysis the other day was correct that it will fall . What indications u used ?

The only thing which was not correct is the timing/level when u shorted it at that point in time. U got new entry...
Wouldn't be a market without a willing trader on both ends...

Don't mind the chart, good to hear another view...yeh I noticed ca/jp dropped, was right on the direction but not on the entry...pair was playing games with me all week, then when it finally breaks down, I'm sleeping...doesn't it know I'm Canadian? lol...yes timing, something I'm looking to analyze better...where and when, price and time...I'm trying to figure a way to add cycle lines so I can pinpoint possible turning points with more accuracy

Here is my view of ca/jp...should of shorted at 75.32, would of trailed it by now...almost hit a good bottom at this point I think, 74.71

...shoulda, coulda, woulda
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  • #38
  • Jan 7, 2012 7:51am Jan 7, 2012 7:51am
Quoting Kas1
going to put a pending short 1.5814
This was a poorly executed trade on my part...got stopped out, but I learned a lesson. Make sure the setup was there if I'm going to enter late.
  • #39
  • Jan 7, 2012 10:01am Jan 7, 2012 10:01am
Quoting Kas1
yes timing, something I'm looking to analyze better...where and when, price and time...I'm trying to figure a way to add cycle lines so I can pinpoint possible turning points with more accuracy...
Just been looking at G/U for a bit with cycle lines plotted on the H4 high/low's in my minor and major ranges creating minor and major cycle lines.

From the M15, it looks as though there could be a shift after the first 4hrs of the market open this week. If I were to have taken any shorts from 1.5437, my ideal spot, then it would probably be safe to close out, trail or move stop to b/e when price hits the next cycle line. This way I can avoid any reversals towards my stop.

...sleep time
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  • #40
  • Jan 7, 2012 8:47pm Jan 7, 2012 8:47pm
Good rate of change indicator that relates to my approach. I changed the code to make it a histogram
Attached File(s)
File Type: mq4 Rate of Change.mq4   4 KB | 322 downloads
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