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  • #8,401
  • Aug 31, 2012 4:35am Aug 31, 2012 4:35am
Quoting irfandbl
Why 1.033? Is it because it is the previous high that we need to pass in order to void the divergence?
Three reasons I have a H1 Gartley pattern which would fail above that level and it is the 100 Fib level (based on 15M chart and sort of following your rules) and lastly if it continues much above 1.033 then we no longer have hidden divergence.
Some people say I'm lucky, but the more I practice the luckier I get
  • #8,402
  • Aug 31, 2012 4:40am Aug 31, 2012 4:40am
Quoting doblece
"After 50": I was asking if you meant that after the cross of stoch's 50 level the next step was to look out for the next lower (or higher) level below/above 70 to then move again the fib initial point and wait for a 50 cross (this is also what I meant by the ""peak-50-valley-50-peak" "rule" - as this is what I have understood from irfandbl earlier posts.

Understood now the "Pop".
However why would we place the 50% fib at that place? Or do you mean to align the 50% fib with the 50 stoch cross only when 70 opposite level has been...

The post from irfandbl explains much better. I still need to re-read to understand more.
Believe it is similar to what I am trying to say in my previous posts.

http://www.forexfactory.com/showthread.php?p=5973687#post5973687

You can see:
- Different Stoch (5,3,3) and (14,3,3). Up to you to come up with your own parameters as long as it reflect the longer timeframe you are watching.
- Also irfandbl re-position his fib.
- Just need to understand further on his meaning of peak there.


I want to analyse for A/U as well on H1.
Having some problem with the Fib tool as my 100% is below the recent price, so cannot pull it down properly.
Problem is scrolling down below recent low price, or scrolling up above recent high price.

Any suggestion on how to extend the fib tool on the MT4 chart without switching to another time frame ??
Is there a special function key to scroll up or scroll down the price chart further ??

This could be a reason why irfandbl is using Excel to calculate, rather than MT4 Fib tool as it may not stretch further to see the numbers.

Just listen to your music. Electronic music seems to make my heart beat a bit faster.
This music should go well with your fractal art expansion and contraction.
Thanks for your music sharing.
  • #8,403
  • Aug 31, 2012 4:42am Aug 31, 2012 4:42am
Quoting Robot Trader
Three reasons I have a H1 Gartley pattern which would fail above that level and it is the 100 Fib level (based on 15M chart and sort of following your rules) and lastly if it continues much above 1.033 then we no longer have hidden divergence.
thanks, in order to void the divergence, should the price hold at that point or a simple spike would do it?
  • #8,404
  • Aug 31, 2012 4:55am Aug 31, 2012 4:55am
Quoting foxybunny
The post from irfandbl explains much better. I still need to re-read to understand more.
Believe it is similar to what I am trying to say in my previous posts.

http://www.forexfactory.com/showthread.php?p=5973687#post5973687

You can see:
- Different Stoch (5,3,3) and (14,3,3). Up to you to come up with your own parameters as long as it reflect the longer timeframe you are watching.
- Also irfandbl re-position his fib.
- Just need to understand further on his meaning of peak there.


I want to analyse for A/U as well on...
If you hold the mouse over vertical scale to the right of the chart you can drag the chart which will shrink it, hope that helps
Some people say I'm lucky, but the more I practice the luckier I get
  • #8,405
  • Aug 31, 2012 4:58am Aug 31, 2012 4:58am
Quoting irfandbl
thanks, in order to void the divergence, should the price hold at that point or a simple spike would do it?
This is hidden divergence so price must keep below 1.3450 ish otherwise it would become invalid.
Some people say I'm lucky, but the more I practice the luckier I get
  • #8,406
  • Aug 31, 2012 5:02am Aug 31, 2012 5:02am
In my early days I also tried to drag that damn bid line, but never succeeded LOL, It would be nice tho, drag it up and close the trade with a fat profit

Quoting Robot Trader
If you hold the mouse over vertical scale to the right of the chart you can drag the chart which will shrink it, hope that helps
forget about tomorrow, just steal away into the night
  • #8,407
  • Aug 31, 2012 5:05am Aug 31, 2012 5:05am
Quoting spekitox
In my early days I also tried to drag that damn bid line, but never succeeded LOL, It would be nice tho, drag it up and close the trade with a fat profit
lol only your broker can do that, but normally in the direction of your stops
Some people say I'm lucky, but the more I practice the luckier I get
  • #8,408
  • Aug 31, 2012 5:21am Aug 31, 2012 5:21am
Touch wood Oanda never did that to me, there were occasions with price just 0.3 pips away from my SL, not being hit. But I've seen some 100 pip spikes on the 5sec chart, must have been painful for those in a trade.

Quoting Robot Trader
lol only your broker can do that, but normally in the direction of your stops
forget about tomorrow, just steal away into the night
  • #8,409
  • Aug 31, 2012 5:22am Aug 31, 2012 5:22am
Quoting irfandbl
(...)

I know it's confusing (at least for me) to have two parameters of stochastic to follow. But having only 5,3,3 to follow has caused some "holes" based on my findings.

(...)

Most of the times...our previous 50 level cross would be voided if it has re-crossed level 50, especially in this case, it has created a new "valley".
I choose the phrase "most of the times" because I had a few cases just like the one you mentioned, it eventually chased it's previous targets because some of them had not been reached on his "first time". So the...
Although not "the same target", at least in a narrow range (30 pips), and there are also tighter coincidences on the 50 stoch level of all three waves. I was precisely checking this on the daily chart I attach below.

Attached Image (click to enlarge)
Click to Enlarge Name: fibstool.gif Size: 40 KB


Hopefully self-explanatory as I'm about to fall asleep ... if any doubt let me know.

Starting to get the idea hehe ... finally!

For Stochastic, there is a multi-period stoch indicator somewhere on this forum, I think I should have it on my old files but anyway you can do a search if you are interested. Shows two lines, one for each.
  • #8,410
  • Aug 31, 2012 5:29am Aug 31, 2012 5:29am
Quoting spekitox
Touch wood Oanda never did that to me, there were occasions with price just 0.3 pips away from my SL, not being hit. But I've seen some 100 pip spikes on the 5sec chart, must have been painful for those in a trade.
That's the big problem with SL's around known S&R levels their just liquidity for the sharks
Some people say I'm lucky, but the more I practice the luckier I get
  • #8,411
  • Aug 31, 2012 5:34am Aug 31, 2012 5:34am
Quoting foxybunny
Having some problem with the Fib tool as my 100% is below the recent price, so cannot pull it down properly.
Problem is scrolling down below recent low price, or scrolling up above recent high price.

Any suggestion on how to extend the fib tool on the MT4 chart without switching to another time frame ??
Is there a special function key to scroll up or scroll down the price chart further ??
Click on the vertical price tab on the right and scroll it up or down to squeeze the view.

Glad you liked the music!

Indeed, when I read irfandbl explanation of different stochs, I understood what you were saying in the previous post.
Thanks!
  • #8,412
  • Aug 31, 2012 5:39am Aug 31, 2012 5:39am
Went for a holiday came back and saw all my buy orders below 0300 were triggered.

Patience paid off! Been waiting for this for weeks now. Probably going to be riding this baby back up for the next 2 months.
  • #8,413
  • Aug 31, 2012 5:42am Aug 31, 2012 5:42am
Quoting doblece
Click on the vertical price tab on the right and scroll it up or down to squeeze the view.
Or you can =

F8

Common tab

Tickbox - Scale fix

OK

now you drag the chart around as you like, well, up & down at least

It takes a lot for me to IGNORE you, but you can try.
  • #8,414
  • Aug 31, 2012 5:47am Aug 31, 2012 5:47am
Quoting irfandbl

I know it's confusing (at least for me) to have two parameters of stochastic to follow. But having only 5,3,3 to follow has caused some "holes" based on my findings.
I just checked 14,3,3 settings and ohhh so much easier to work with... And gives exactly the same target as the 3rd adjustment on 5,3,3.

Maybe I'll only leave them both on the chart.
Thank you again for such a detailed explanation!
  • #8,415
  • Aug 31, 2012 5:53am Aug 31, 2012 5:53am
Quoting irfandbl
Aaah, thanks for reminding me that we have Benny on the mic today. Most likely it's going to be a bullish day. Thanks again Papa
The Bull told me yesterday, he loves Bottom not Bernanke.

http://www.forexfactory.com/attachme...2&d=1344177760
daddybearforex. com
  • #8,416
  • Aug 31, 2012 5:57am Aug 31, 2012 5:57am
Quoting doblece
Although not "the same target", at least in a narrow range (30 pips), and there are also tighter coincidences on the 50 stoch level of all three waves. I was precisely checking this on the daily chart I attach below.

Attachment

Hopefully self-explanatory as I'm about to fall asleep ... if any doubt let me know.

Starting to get the idea hehe ... finally!

For Stochastic, there is a multi-period stoch indicator somewhere on this forum, I think I should have it on my old files but anyway you can do a search if you are...
I have this MTF Stoch, its default is 60Min but you can change to any TF and also load them all on your chart at the same time. Hope it helps
Attached File(s)
File Type: ex4 MTF_Stochastic.ex4   3 KB | 280 downloads
Some people say I'm lucky, but the more I practice the luckier I get
  • #8,417
  • Aug 31, 2012 6:08am Aug 31, 2012 6:08am
Quoting Robot Trader
I have this MTF Stoch, its default is 60Min but you can change to any TF and also load them all on your chart at the same time. Hope it helps
Thank you!

Was having a look at 98/3/3 settings (14*6 daily candles - if no sunday candle should be 84/3/3).

What an amazing way to avoid all the flat "oversold-that-just-keeps-falling-anyway" (or the inverse) stoch, and let profits run.

I am really, utterly AMAZED.

Can't thank you all and DaddyBear enough for the awesome teamworking and sharing spirit of this thread. Wow.

Gotta make some coffee and keep learning.
Sleep can wait, LOL. Anyway, it's Friday!
  • #8,418
  • Aug 31, 2012 6:10am Aug 31, 2012 6:10am
Quoting DaddyBear
Let DB show the blank space to the right of the cartoon.

http://www.forexfactory.com/attachme...1&d=1346310509
Now, ..............
Attention: DaddyBear's cartoons are not indicators, please do not apply them to your charts because they won't fit anyway.
Attached Image (click to enlarge)
Click to Enlarge Name: FOUNDATION-4.JPG Size: 42 KB
daddybearforex. com
  • #8,419
  • Aug 31, 2012 6:21am Aug 31, 2012 6:21am
Quoting doblece
Thank you!

Was having a look at 98/3/3 settings (14*6 daily candles - if no sunday candle should be 84/3/3).

What an amazing way to avoid all the flat "oversold-that-just-keeps-falling-anyway" (or the inverse) stoch, and let profits run.

I am really, utterly AMAZED.

Can't thank you all and DaddyBear enough for the awesome teamworking and sharing spirit of this thread. Wow.

Gotta make some coffee and keep learning.
Sleep can wait, LOL. Anyway, it's Friday!
Can you not just use the ADX for exiting trades in a more visual way?
Some people say I'm lucky, but the more I practice the luckier I get
  • #8,420
  • Aug 31, 2012 6:24am Aug 31, 2012 6:24am

fuuudddggggeeeeeeeeeeeeeeee
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