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Attachments: Cluster SR - interesting, new way of looking at support & resistance
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Cluster SR - interesting, new way of looking at support & resistance

  • #141
  • Feb 16, 2012 6:10am Feb 16, 2012 6:10am
Oops! I take that back, the wedge changed to a larger triangle, but still a continuation pattern
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD M5 change.jpg Size: 121 KB
Bulls are stupid Animals!especially when Im short!
  • #142
  • Feb 16, 2012 6:12am Feb 16, 2012 6:12am
I use MT4 chart to gage the actual movements of multi pairs even though I use diff. softwares and platforms for trading.

Your idea and mix of some other old ma charting shows really good potential.

Thanks & Best Pip Wishes!
Attached Image (click to enlarge)
Click to Enlarge Name: ma heatmap.jpg Size: 109 KB
  • #143
  • Feb 16, 2012 6:14am Feb 16, 2012 6:14am
Quoting FxCross
I use MT4 chart to gage the actual movements of multi pairs even though I use diff. softwares and platforms for trading.

Your idea and mix of some other old ma charting shows really good potential.

Thanks & Best Pip Wishes!
Thank you, I like the colors
Bulls are stupid Animals!especially when Im short!
  • #144
  • Feb 16, 2012 6:23am Feb 16, 2012 6:23am
Quoting roughtrader
Oops! I take that back, the wedge changed to a larger triangle, but still a continuation pattern
roughtrader,

thanks for the charts. I noticed that triangle too. I quit from my previous long at -10 and now in 2 short positions. waiting for the price to go lower. in this case, I'd like to remind something about h4 charts I sent before that if price breaks a relatively thick stripe it goes that way for a while so we might expect a larger drop from here on (if it drops). but as you said, nobody knows where it will go. let's watch and see.

ismail...
  • #145
  • Feb 16, 2012 6:27am Feb 16, 2012 6:27am
Quoting isengoz
well, my bias is that the euro will continue to go down. but I 'wished' it retraced a bit (~40-50 pips) but it doesn't want to go up. I am thinking of getting out as soon as I get to BE. if I followed my usual dance trading opportunities I could have done my 30 pips by now. my bad habit is that I try to catch the price reversal points and almost always fail. by the way, thanks for your insight...

Here is a tips on entering positions on higher timeframes,
lets say about that setup on the 4h you suggested,
it was a valid setup with nice confluences,

you can use the lower timeframes for a better entry,
you could look on the 5 minute chart like here,
and then wait untill you see something you like,
as you can see right now it looks not so good for going long,
this can save you from many bad entrys
Im not saying your suggestion was bad, it wasn't
but I personally do this, I have one setup chart, like a higher timeframe,
and I have a trigger chart, I think it works great
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD stuff.jpg Size: 183 KB
Click to Enlarge Name: EURUSD stuff 4h.jpg Size: 267 KB
Bulls are stupid Animals!especially when Im short!
  • #146
  • Feb 16, 2012 6:46am Feb 16, 2012 6:46am
Just got back from lunch out to see two positions had been filled.

GU short - Set the entry to short going into the thick resistance. SL at BE.
Gold short - Set my sell order for the break of the red ascending trend line. SL currently above last high and will be moved to BE asap.

GBP/USD M5
Attached Image (click to enlarge)
Click to Enlarge Name: GU1.png Size: 491 KB


GOLD m5
Attached Image (click to enlarge)
Click to Enlarge Name: gold2.png Size: 325 KB
  • #147
  • Feb 16, 2012 6:46am Feb 16, 2012 6:46am
EURUSD 5M brakeout from the triangle,
I didn't make any entry here becuase I only want to show trades based on the CSMA's
but you could based on the fan spreading out,
I already did that
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD brakeout.jpg Size: 254 KB
Bulls are stupid Animals!especially when Im short!
  • #148
  • Feb 16, 2012 6:53am Feb 16, 2012 6:53am
Quoting fosking
Just got back from lunch out to see two positions had been filled.

GU short - Set the entry to short going into the thick resistance. SL at BE.
Gold short - Set my sell order for the break of the red ascending trend line. SL currently above last high and will be moved to BE asap.

GBP/USD M5
Attachment

GOLD m5
Attachment
you are doing great fosking
how many pips a day are you up to now?
does it seem to be any difference now when you are using the CSMA's than before you starting to use it? Im just curious. keep it up!
Bulls are stupid Animals!especially when Im short!
  • #149
  • Feb 16, 2012 7:09am Feb 16, 2012 7:09am
Quoting roughtrader
you are doing great fosking
how many pips a day are you up to now?
does it seem to be any difference now when you are using the CSMA's than before you starting to use it? Im just curious. keep it up!
I'm really enjoying this approach to trading smaller time frames. A lot of the the time markets just seem chaotic and difficult to decipher. I'm finding that CSMA is pulling these chaotic moves together in sync and you start to begin to get a feel for how the market is moving.

It is working out to be nicely profitable, but of course it will take more than just one week to see if this holds true. Although I'm sure with practice and constant fine tweaking this can be overcome with time and experience.

Looking at correlations against other pairs help align the markets to hit higher probability trades aswell, so that is something in which I'm trying to incorporate also.

But so far so good and thank you for sharing.
  • #150
  • Feb 16, 2012 7:32am Feb 16, 2012 7:32am
Quoting fosking
Gold short - Set my sell order for the break of the red ascending trend line. SL currently above last high and will be moved to BE asap.

GOLD m5
Attachment
Took profit. Don't want to become greedy. Closed for +1000.

Gold M5
Attached Image (click to enlarge)
Click to Enlarge Name: gold 3.png Size: 276 KB
  • #151
  • Feb 16, 2012 7:33am Feb 16, 2012 7:33am
Quoting fosking
Took profit. Don't want to become greedy. Closed for +1000.

Gold M5
Attachment
congrats to your amazing trade!
Bulls are stupid Animals!especially when Im short!
  • #152
  • Feb 16, 2012 7:40am Feb 16, 2012 7:40am
Quoting roughtrader
congrats to your amazing trade!
Haha thanks
  • #153
  • Feb 16, 2012 7:57am Feb 16, 2012 7:57am
Quoting fosking
Took profit. Don't want to become greedy. Closed for +1000.

Gold M5
Attachment
congrats fosking, that was bull's eye... and I've been trying to make 30 pips since the morning
  • #154
  • Feb 16, 2012 8:00am Feb 16, 2012 8:00am
Quoting isengoz
congrats fosking, that was bull's eye... and I've been trying to make 30 pips since the morning
You'll get it, just patience
  • #155
  • Feb 16, 2012 8:00am Feb 16, 2012 8:00am
Quoting isengoz
congrats fosking, that was bull's eye... and I've been trying to make 30 pips since the morning
maybe we should all copy foskings trades
I had a few setbacks today my self,
so Im taking it a little easy today.
Bulls are stupid Animals!especially when Im short!
  • #156
  • Feb 16, 2012 8:02am Feb 16, 2012 8:02am
very volatile on the Euro around that support,
I have no idea if it will hold,
it's looking very bearish though
Bulls are stupid Animals!especially when Im short!
  • #157
  • Feb 16, 2012 8:04am Feb 16, 2012 8:04am
Quoting fosking
Haha thanks

You are going to have to follow up with some real crap trading if you want to make this system fail for you.

I am seeing many lines respected - and even if they aren't price is often bouncing off them before penetration. Looks like csma might be better than fib clusters...early days though.
Attached Image (click to enlarge)
Click to Enlarge Name: csma1.gif Size: 42 KB
Enter Signature
  • #158
  • Feb 16, 2012 8:04am Feb 16, 2012 8:04am
thanks. this is something interesting
  • #159
  • Feb 16, 2012 8:06am Feb 16, 2012 8:06am
Quoting roughtrader
maybe we should all copy foskings trades
I had a few setbacks today my self,
so Im taking it a little easy today.
Haha, we need to pull the trigger like a precise sniper specialist and hit the trade with one bullet and not like a one armed mad man with a machine gun.
  • #160
  • Feb 16, 2012 8:08am Feb 16, 2012 8:08am
Quoting fosking
GU short - Set the entry to short going into the thick resistance. SL at BE.

GBP/USD M5
Attachment
Just realised I was taken out at BE.
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