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  • #9,441
  • Sep 11, 2012 9:24pm Sep 11, 2012 9:24pm
Quoting Robot Trader
I believe the market now fears a QE3 but not sure they will get it, Gold is benefiting greatly from this fear, but for me technically it is greatly overbought, which is clearly shown with the divergence, 1650 is the Gartley target, but divergence is showing me PA will return to at least 1685.

Happy pips to you
hello RT,
do you still see the divergence?, and PA to at least 1685.

always great analysis from you.

thanks.
  • #9,442
  • Sep 11, 2012 9:34pm Sep 11, 2012 9:34pm
Quoting 4xxxxaus
hello RT,
do you still see the divergence?, and PA to at least 1685.

always great analysis from you.

thanks.
Hi 4xxxxaus,

Yes the divergence is still there and my target is 1685, but this it a long term trade, which could go many pips against me before returning to the level the divergence started (please take this into consideration if you are trading it like I do)

I will be looking to add more position the higher it goes, so for me the higher the better.
Some people say I'm lucky, but the more I practice the luckier I get
  • #9,443
  • Sep 11, 2012 9:52pm Sep 11, 2012 9:52pm
Quoting Robot Trader
Hi 4xxxxaus,

Yes the divergence is still there and my target is 1685, but this it a long term trade, which could go many pips against me before returning to the level the divergence started (please take this into consideration if you are trading it like I do)

I will be looking to add more position the higher it goes, so for me the higher the better.
Thanks RT,

I am trading it like you do, long term and also adding as I use very small amount of my account in case it goes higher.
  • #9,444
  • Sep 11, 2012 10:00pm Sep 11, 2012 10:00pm
Quoting Robot Trader
Hi 4xxxxaus,

Yes the divergence is still there and my target is 1685, but this it a long term trade, which could go many pips against me before returning to the level the divergence started (please take this into consideration if you are trading it like I do)

I will be looking to add more position the higher it goes, so for me the higher the better.
RT, 1.0685 is the returning target level or is it the point where we can consider to short? Still have no idea where should we plot our returning target and where we should enter positions. Many thanks in advance
  • #9,445
  • Sep 11, 2012 10:09pm Sep 11, 2012 10:09pm
Quoting irfandbl
RT, 1.0685 is the returning target level or is it the point where we can consider to short? Still have no idea where should we plot our returning target and where we should enter positions. Many thanks in advance
hello irfandbl, this was related to gold at 1685, not au.
  • #9,446
  • Sep 11, 2012 10:09pm Sep 11, 2012 10:09pm
Quoting Robot Trader
Did you go back through your charts and find any 4H or above MACD divergence trades that did not come back to the level the divergence started, or did you find they followed my divergence rules over a period of time?
Haven't had a chance to do the analysis yet. Current priorities are keep going with my normal trading, then to learn about options than to learn about divergence & as I'm part time it might take me a while.
Hope for the best, prepare for the worst.
  • #9,447
  • Sep 11, 2012 10:10pm Sep 11, 2012 10:10pm
Quoting irfandbl
But here's what H4 is showing me

Attachment

expecting some retrace/pullback or whatever to the downside (most probably would be driven by H1 downward targets)
85% H4 5,3,3 stoch target has been breached,

1.0493 (100% H4 5,3,3 stoch target) is now clearly visible since H1 is pointing at similar target (1.0496)

Attached Image (click to enlarge)
Click to Enlarge Name: h1.gif Size: 15 KB
  • #9,448
  • Sep 11, 2012 10:12pm Sep 11, 2012 10:12pm
Quoting 4xxxxaus
hello irfandbl, this was related to gold at 1685, not au.
Hi 4xxxxaus, I thought you both were talking about A/U

thanks for clearing it up
  • #9,449
  • Sep 11, 2012 10:16pm Sep 11, 2012 10:16pm
Quoting irfandbl
Hi 4xxxxaus, I thought you both were talking about A/U

thanks for clearing it up

My bad, it didnt said gold anywhere,

thanks for you charts.
  • #9,450
  • Sep 11, 2012 11:45pm Sep 11, 2012 11:45pm
Quoting irfandbl
Hi 4xxxxaus, I thought you both were talking about A/U

thanks for clearing it up
its rough but here it is....

only difference when it hits 20 or 80 then u use 23.6%
the 50 fib lines up and so on
used 20,3,3
Wooooohooooo or Boooooohooooo
  • #9,451
  • Sep 11, 2012 11:49pm Sep 11, 2012 11:49pm
Quoting gnomoneey
its rough but here it is....

only difference when it hits 20 or 80 then u use 23.6%
the 50 fib lines up and so on
used 20,3,3
so when it crosses 20 or 80, align the candlestick above it to 23.6?
  • #9,452
  • Sep 11, 2012 11:51pm Sep 11, 2012 11:51pm
Quoting irfandbl
so when it crosses 20 or 80, align the candlestick above it to 23.6?
ya try it
only tried 4h but it should work for all tf....it gives a faster prediction of the rest....tell what you think...it might be off a few pips but still good.
Wooooohooooo or Boooooohooooo
  • #9,453
  • Sep 11, 2012 11:53pm Sep 11, 2012 11:53pm
Quoting irfandbl
D1 14,3,3 targets are available

Attachment

1.0516
1.0562
1.0647
1.0732
M15 has just created its 5,3,3 stoch target, eventually it's aiming 1.0517 as its 100% target,

Attached Image (click to enlarge)
Click to Enlarge Name: m15.gif Size: 13 KB


could this be a confirmation of D1 5,3,3 61.8% target (1.0516)?

Time will tell
  • #9,454
  • Sep 12, 2012 12:09am Sep 12, 2012 12:09am
Quoting gnomoneey
ya try it
only tried 4h but it should work for all tf....it gives a faster prediction of the rest....tell what you think...it might be off a few pips but still good.
it is off a few pips, I tried it just now to H4 and it's off 10 pips, and the 50 level stoch crossings wasn't aligned with 50 level fib. The result was 1.0413 as its 100% target.

BUT, I moved the fib 0 level to the lowest candlestick instead of to the one which is vertically aligned with lowest value stoch line. And I got 1.0515 as its 100%.

Would play around with your twist for sure. Thanks very much buddy!
  • #9,455
  • Sep 12, 2012 12:10am Sep 12, 2012 12:10am
Quoting irfandbl
it is off a few pips, I tried it just now to H4 and it's off 10 pips, and the 50 level stoch crossings wasn't aligned with 50 level fib. The result was 1.0413 as its 100% target.

BUT, I moved the fib 0 level to the lowest candlestick instead of to the one which is vertically aligned with lowest value stoch line. And I got 1.0515 as its 100%.

Would play around with your twist for sure. Thanks very much buddy!
my pleasure
Wooooohooooo or Boooooohooooo
  • #9,456
  • Sep 12, 2012 12:11am Sep 12, 2012 12:11am
cute
Attached Image
If there was easy money lying around,no one would be forcing it into your
  • #9,457
  • Sep 12, 2012 12:40am Sep 12, 2012 12:40am
Quoting irfandbl
RT, 1.0685 is the returning target level or is it the point where we can consider to short? Still have no idea where should we plot our returning target and where we should enter positions. Many thanks in advance
Hi irfandbl,

I am looking to short AU and my TP would be 1.04, but I want PA at around 1.055 before beginning my attack.

Yesterday I was waiting for PA to move higher on EA, but it made a 100 pip down move and I missed the opportunity, so it is always hard to pick a level. However if the German ruling backs the ECB then the EUR might move back up to my pending orders, I will have to wait and see.

I am trading the EURTRY (short), not every broker offers it and the spread can be quite wide with them that do, but the swaps are amazing ($20 per 1 lot) this is a medium/long term trade and my TP 1 is 2.29 & TP2 is 2.26. It could go much higher but it is only a matter of time until we return to the divergence start level.
Some people say I'm lucky, but the more I practice the luckier I get
  • #9,458
  • Sep 12, 2012 2:21am Sep 12, 2012 2:21am
Quoting Robot Trader
Hi irfandbl,

I am looking to short AU and my TP would be 1.04, but I want PA at around 1.055 before beginning my attack.

Yesterday I was waiting for PA to move higher on EA, but it made a 100 pip down move and I missed the opportunity, so it is always hard to pick a level. However if the German ruling backs the ECB then the EUR might move back up to my pending orders, I will have to wait and see.

I am trading the EURTRY (short), not every broker offers it and the spread can be quite wide with them that do, but the swaps are amazing ($20 per...
I taking it that you are getting tha 1.055 from the H4.. the distance from that broken neck line goes pretty much exactly to 1.055. I hope you are right.
Luck has no place in trading. Leave that for the poker table.
  • #9,459
  • Sep 12, 2012 3:10am Sep 12, 2012 3:10am
Re-posting an updated version of the Excel Fibstool sheet (only minor corrections).

(I had forgotten to correct the formulas on the 14,3,3 and 5,3,3 output columns which were all referring to the 20,3,3 -- copy-paste and sleep deprivation -- ... sorry for that guys.)

Also changed the condition to Value <= 0.5 to blank the opposite side 76.4 and 61.8 cells (as far as I have seen no currency pair under that value). Greater values though will still appear.

Please let me know if you find anything else that's wrong, so I can update later.

Am preparing a Multi-Time-Frame version, with a separate sheet for Yen pairs.
Attached File(s)
File Type: xls FIBSTOOL 2CC-v.0.1.1.xls   30 KB | 332 downloads
  • #9,460
  • Sep 12, 2012 3:35am Sep 12, 2012 3:35am
The Bear was sent to the ER ........

http://www.forexfactory.com/attachme...1&d=1346420401
daddybearforex. com
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