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Chart Discussion

  • #161
  • Jan 5, 2012 5:55am Jan 5, 2012 5:55am
Quoting TheLastCoke
NZD/USD I have this level that is currently being tested but those AB=CD's look promising
NZD/USD My level worked nicely but your AB=CD may still play its role

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  • #162
  • Jan 5, 2012 5:18pm Jan 5, 2012 5:18pm
Quoting TheLastCoke
USD/JPY We have a winner!

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USD/JPY Nicely rejected at level 1

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  • #163
  • Jan 8, 2012 11:36am Jan 8, 2012 11:36am
Quoting andrew93
nzdusd possible turning points.
NZD/USD You can add some confluence to D at 127%

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Quoting TheLastCoke
NZD/USD I have this level that is currently being tested but those AB=CD's look promising
Quoting TheLastCoke
NZD/USD +90 Pips so far. Before the fact = #5953

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I got some nice pips from that level, now flat until D.
  • #164
  • Jan 9, 2012 7:26am Jan 9, 2012 7:26am
chf jpy weekly
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  • #165
  • Jan 9, 2012 5:42pm Jan 9, 2012 5:42pm
GBP NZD weekly
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  • #166
  • Jan 9, 2012 7:50pm Jan 9, 2012 7:50pm
Quoting longshot_nl
GBP NZD weekly
Testing your level
  • #167
  • Jan 10, 2012 3:28pm Jan 10, 2012 3:28pm
where is everyone?

cad chf weekly
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  • #168
  • Jan 10, 2012 3:32pm Jan 10, 2012 3:32pm
Quoting longshot_nl

cad chf weekly
Setup was cancelled, confluence is lost

Quoting TheLastCoke
Cad/chf

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  • #169
  • Jan 10, 2012 5:13pm Jan 10, 2012 5:13pm
Quoting TheLastCoke
Setup was cancelled, confluence is lost
my history doesn't go that far back, my 200 SMA looks fine though.
if your 200 sma on weekly chart is lower, what u got on usd/chf?
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  • #170
  • Jan 10, 2012 5:17pm Jan 10, 2012 5:17pm
Quoting longshot_nl
my history doesn't go that far back, my 200 SMA looks fine though.
Yes, Oanda MT4 charting does that sometimes, better use a platform with more history bars
  • #171
  • Jan 10, 2012 6:34pm Jan 10, 2012 6:34pm
aud nzd daily
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  • #172
  • Jan 10, 2012 7:39pm Jan 10, 2012 7:39pm
Quoting TheLastCoke
Yes, Oanda MT4 charting does that sometimes, better use a platform with more history bars
the SMA (simple moving average) is independant of candles more then 200 if it is the 200 SMA.
Simple moving average starts after 200 candles are known and is only calculated over these 200 candles.
Thats why my SMA doesn't start where chart starts.
The EMA (exponential moving average) works differently and averages over all available data where later data counts more.
So we should have the same 200 SMA even if you make your charts at another broker.
My 200 SMA settings are that it calculates over the close.
Maybe check SMA indicator settings?
  • #173
  • Jan 10, 2012 7:42pm Jan 10, 2012 7:42pm
Quoting longshot_nl
the SMA (simple moving average) is independant of candles more then 200 if it is the 200 SMA.
Simple moving average starts after 200 candles are known and is only calculated over these 200 candles.
Thats why my SMA doesn't start where chart starts.
The EMA (exponential moving average) works differently and averages over all available data where later data counts more.
So we should have the same 200 SMA even if you make your charts at another broker.
My 200 SMA settings are that it calculates over the close.
Maybe check SMA indicator settings?
You are totally wrong, it depends on the OHLC of each candle, since every broker has different data, the MA's S or E are different.
  • #174
  • Edited 10:21pm Jan 10, 2012 7:50pm | Edited 10:21pm
These are two 200SMA from two different brokers, notice the huge discrepancy for almost 400 pips.

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I have a live Oanda acc but my advice, don't use its MT4 for charting.
  • #175
  • Edited 3:21am Jan 11, 2012 3:06am | Edited 3:21am
Quoting TheLastCoke
These are two 200SMA from two different brokers, notice the huge discrepancy for almost 400 pips.

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I have a live Oanda acc but my advice, don't use its MT4 for charting.
your first chart is of FXCM and your second chart is of VG.
the diffence is becouse of the missing candles of the VG broker.
not becouse of the way it is calculated.
before the point of missing candles the SMA's are the same.

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You say that your SMA is calculated over the OHLC of each candle and i don't see this option in the settings.

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i know for a fact that my explanation of SMA's and EMA's if correct since i programmed it for my robot.

quotation from a website:
Definition of 'Simple Moving Average - SMA'

A simple, or arithmetic, moving average that is calculated by adding the closing price of the security for a number of time periods and then dividing this total by the number of time periods. Short-term averages respond quickly to changes in the price of the underlying, while long-term averages are slow to react.


Read more: http://www.investopedia.com/terms/s/...#ixzz1j8fWZTth




I tried it but it doesn't really matter if its calculated over HLC/3 or only close.
If i use 200 EMA it ends up a tiny bit lower.
i don't believe that broker data is 400 pips different.
so the only thing i can think of atm is that either broker has missing data (oanda or fxcm).
the MT calculations over the candles are exactly the same.
this is my SMA calculated and all available data that oanda has.

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  • #176
  • Jan 11, 2012 5:50am Jan 11, 2012 5:50am
Quoting longshot_nl
your first chart is of FXCM and your second chart is of VG.
the diffence is becouse of the missing candles of the VG broker.
LS, Again: all brokers has different OHLC, therefore all instrument will give you different results, not only MA's but FIB's, channels, TL,s etc. The way it is calculated is the same but in other words price is always different. You said our SMA must be the same but they will never be unless our two broker uses the same data feed. You missed my point here, your 200SMA is simply above mine when ploted with the same parameters because they are from two differents brokers, questions is: which broker is more reliable in terms of data feed, history etc. If you have a question please feel free to PM.
  • #177
  • Jan 11, 2012 12:21pm Jan 11, 2012 12:21pm
gbp nzd daily.
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  • #178
  • Jan 12, 2012 4:21pm Jan 12, 2012 4:21pm
Quoting TheLastCoke
AUD/NZD I don't see it that way but I may join the Bears at this level:

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AUD/NZD Bearish level untested but our Bullish one is performing nicely. 100 pip rejection, chart was sent to our Weekly Report subscribers.

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  • #179
  • Jan 20, 2012 10:47am Jan 20, 2012 10:47am
Of course this may have already been posted but when the Swissy bounces at about .9240 or thereabouts, it may reach this confluence of Fib expansion, Fib retracement and previous support/resistance levels. Make more sense of it if you will.

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Gone to a better place
  • #180
  • Jan 22, 2012 8:22am Jan 22, 2012 8:22am
Quoting smikester
Of course this may have already been posted but when the Swissy bounces at about .9240 or thereabouts, it may reach this confluence of Fib expansion, Fib retracement and previous support/resistance levels. Make more sense of it if you will.

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USD/CHF You can add Major 23% Fib to the confluence soup. Nice catch!

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