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  • #10,001
  • Sep 21, 2012 4:47am Sep 21, 2012 4:47am
Quoting gnomoneey
looking at this chart i'm seeing a move of +800 pips up/down...can't get a proper picture where this pair is going...
Quoting gnomoneey
Originally Posted by gnomoneey http://www.forexfactory.com/images/buttons/viewpost.gif (http://www.forexfactory.com/showthread.php?p=6030483#post6030483)
buy xau/usd 1769 tp 1777

buy aud/usd 1.0442 tp open

keep eye on nzd/usd - 0.8300 and eur/cad-1.2651 very bullish ....1-5 days trade for 150pis

xau/usd closed manually 1775 +600

aud/usd closed manually 1.0515 +70

profit +670 pips in less than 12 hrs

You don't need to get 800-pips in A/U, when you can get 670-pips in less than 12-hrs.

Well traded, gnomoneey.

I need to learn how to play Gold chart.
Can show me how you play Gold.
  • #10,002
  • Sep 21, 2012 4:54am Sep 21, 2012 4:54am
Quoting foxybunny
You don't need to get 800-pips in A/U, when you can get 670-pips in less than 12-hrs.

Well traded, gnomoneey.

I need to learn how to play Gold chart.
Can show me how you play Gold.
i trade the ranges and this week has been great for ranges

1755 - 1779
follow eu, au see how they are re-acting to xau/usd
sometimes xau/usd leads to drop or advances sometimes it lags
if it does then u have 15-30 mins to re-act

hope that helps and u are welcome to follow in the other thread



good luck

G
Wooooohooooo or Boooooohooooo
  • #10,003
  • Sep 21, 2012 5:19am Sep 21, 2012 5:19am
What the FUDGE....GOLD looks like it wants to smash 1780 !
  • #10,004
  • Sep 21, 2012 5:31am Sep 21, 2012 5:31am
Quoting Daytrader74
What the FUDGE....GOLD looks like it wants to smash 1780 !
Seems capped by 1776 for a long time now.
A 1 pip gain is better than a 1 pip loss.
  • #10,005
  • Sep 21, 2012 5:32am Sep 21, 2012 5:32am
Quoting gnomoneey
Originally Posted by gnomoneey http://www.forexfactory.com/images/buttons/viewpost.gif (http://www.forexfactory.com/showthread.php?p=6030483#post6030483)
buy xau/usd 1769 tp 1777

buy aud/usd 1.0442 tp open

keep eye on nzd/usd - 0.8300 and eur/cad-1.2651 very bullish ....1-5 days trade for 150pis

xau/usd closed manually 1775 +600

aud/usd closed manually 1.0515 +70

profit +670 pips in less than 12 hrs
Nice
A 1 pip gain is better than a 1 pip loss.
  • #10,006
  • Sep 21, 2012 9:13am Sep 21, 2012 9:13am
I trade the KISS method (Keep It Simple Stupid)

My daily and weekly MAC (green and red lines) contained the sell off beautifully. The 50 MA's (turquoise line) on both weekly and daily are pointing UP. Its still a BULL market, folks. BUY DIPS !!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily mac.gif Size: 22 KB
Click to Enlarge Name: weekly mac.gif Size: 22 KB
  • #10,007
  • Sep 21, 2012 9:17am Sep 21, 2012 9:17am
Quoting chiknthief
I trade the KISS method (Keep It Simple Stupid)

My daily and weekly MAC (green and red lines) contained the sell off beautifully. The 50 MA's (turquoise line) on both weekly and daily are pointing UP. Its still a BULL market, folks. BUY DIPS !!!
Its still a BULL market UNTIL it closes BELOW the red line.
  • #10,008
  • Sep 21, 2012 9:36am Sep 21, 2012 9:36am
Some folks want to make things complicated and difficult. So complicated, in fact, that its almost impossible to trade much less even understand. THIS AINT ROCKET SCIENCE !!! Keep It Simple Stupid ( KISS)

Find a system that FITS your personality - something you are comfortable with and THROW all the complicated crap under the bus. The people who push the rocket science crap DON'T TRADE THE MARKET. The fools don't know how to make money trading forex. Its impossible since the number ONE ingredient to successful trading is coming to grips with YOURSELF. There is NO system in the world that can teach you to do that. You are all alone - YOU must do it yourself. THATS the secret folks - NOT some rocket science crap !!!
  • #10,009
  • Sep 21, 2012 9:58am Sep 21, 2012 9:58am
GOLD - Must be a slow day. Somebody decided to RUN some STOPS, it appears.
Attached Image (click to enlarge)
Click to Enlarge Name: running the stops.gif Size: 19 KB
  • #10,010
  • Sep 21, 2012 9:59am Sep 21, 2012 9:59am

fudge gold smashed 1780 then committed suicide!
  • #10,011
  • Sep 21, 2012 10:10am Sep 21, 2012 10:10am
Quoting Daytrader74

fudge gold smashed 1780 then committed suicide!

We're in CRITICAL TERRITORY. Gold broke the trendline but NOW will it hold or reverse ??? The million dollar question.
Attached Image (click to enlarge)
Click to Enlarge Name: critical territory.gif Size: 23 KB
  • #10,012
  • Sep 21, 2012 1:17pm Sep 21, 2012 1:17pm
Quoting chiknthief
Some folks want to make things complicated and difficult. So complicated, in fact, that its almost impossible to trade much less even understand. THIS AINT ROCKET SCIENCE !!! Keep It Simple Stupid ( KISS)

THATS the secret folks - NOT some rocket science crap !!!
Hi chiknthief, would highly appreciate if you could share your trading strategy using the 21MAC. Yes, ultimately one has to get to grips with one's own self to be successful.
Thanks a lot
In The End It is Always OK. If It Is Not OK Then It Is Not The End.
  • #10,013
  • Sep 21, 2012 1:50pm Sep 21, 2012 1:50pm
Quoting DaddyBear
GnarlyPips, I do post my charts from my brokers but not the one I paid for the data feed. I checked your two TLs but found they might not be valid anymore.

In my H4 chart, due to the convergence of 3 TLs, I indicate the probability of a ending triangle to complete this retracement. IMO
That's two strikes, one more and you're out!

Daily
Attached Image (click to enlarge)
Click to Enlarge Name: threestrikesandyourout.png Size: 31 KB
Play the players, not the cards.
  • #10,014
  • Sep 21, 2012 11:04pm Sep 21, 2012 11:04pm
Quoting nbhaya
Hi chiknthief, would highly appreciate if you could share your trading strategy using the 21MAC. Yes, ultimately one has to get to grips with one's own self to be successful.
Thanks a lot
When prices are above the MAC green line it is bullish. When prices are below the MAC red line it is bearish. When prices are between the red and green lines it is neutral,

Go long when prices go above the green line and go short when prices go below the red line. Thats all there is to it. Very simple.

You can also buy/sell retracements back to the MAC (moving average channel) Usually the first three retracements are best. After 3 or 4 retracements back to the MAC the market tends to move beyond the MAC. I stand aside after the third retracement.

The MAC is very easy to put on your chart. Two moving averages is all you need. One : a simple 21 bar ma of the HIGHS, and two : a simple 21 bar average of the LOWS. (Note : it is NOT a ma of the closes) I color coded mine green (highs ma) and red (lows ma)

You can add your own favorite indicators to use as a filter if you wish also.
Take a look at this chart and see how well it works :
Attached Image (click to enlarge)
Click to Enlarge Name: au daily mac.gif Size: 27 KB
  • #10,015
  • Sep 21, 2012 11:30pm Sep 21, 2012 11:30pm
Quoting nbhaya
Hi chiknthief, would highly appreciate if you could share your trading strategy using the 21MAC. Yes, ultimately one has to get to grips with one's own self to be successful.
Thanks a lot

Another thing to pay close attention to is when prices move from one side of the MAC to the other - you want to see follow through. Sometimes it'll go through the MAC and immediately reverse or stall out for a few bars, In that case you want to tighten up your stops or just take what profit you have and run. This happened on the last few H4 bars on friday. It might give a sell signal early next week or bounce off the red line and go back green again. Watch it closely,
Attached Image (click to enlarge)
Click to Enlarge Name: au h4 mac.gif Size: 26 KB
  • #10,016
  • Sep 22, 2012 1:16am Sep 22, 2012 1:16am
Quoting chiknthief
Another thing to pay close attention to is when prices move from one side of the MAC to the other - you want to see follow through. Sometimes it'll go through the MAC and immediately reverse or stall out for a few bars, In that case you want to tighten up your stops or just take what profit you have and run. This happened on the last few H4 bars on friday. It might give a sell signal early next week or bounce off the red line and go back green again. Watch it closely,
Thank you very much, chiknthief, for the detailed explanation. Yes it is very simple and keeps the charts uncluttered and helps to focus on PA. One more question though - any TFs where one would not use the 21MAC or should I say which are the preferred TFs to implement on.
Once again, many thanks.
In The End It is Always OK. If It Is Not OK Then It Is Not The End.
  • #10,017
  • Sep 22, 2012 1:27am Sep 22, 2012 1:27am
Quoting GnarlyPips
That's two strikes, one more and you're out!

Daily
Quoting DaddyBear
GnarlyPips, I do post my charts from my brokers but not the one I paid for the data feed. I checked your two TLs but found they might not be valid anymore.

In my H4 chart, due to the convergence of 3 TLs, I indicate the probability of a ending triangle to complete this retracement. IMO

http://www.forexfactory.com/attachme...1&d=1348171900
I indicated that my projection was a probability. The market ran to the parallel UTL then came down again. The path was still the same but the proportion was off. I was mainly focusing on the pattern not the details. It was not easy to project something to be happening in the future. below is an updated diagram.
Attached Image
daddybearforex. com
  • #10,018
  • Sep 22, 2012 2:01am Sep 22, 2012 2:01am
Quoting DaddyBear
I indicated that my projection was a probability. The market ran to the parallel UTL then came down again. The path was still the same but the proportion was off. I was mainly focusing on the pattern not the details. It was not easy to project something to be happening in the future. below is an updated diagram.

You know, I don't get where you get the longest line in your chart. Either way, I'm just giving you a hard time.
Play the players, not the cards.
  • #10,019
  • Sep 22, 2012 11:43am Sep 22, 2012 11:43am
Quoting GnarlyPips
You know, I don't get where you get the longest line in your chart. Either way, I'm just giving you a hard time.
I don't consider that your messages gave me any hard time. I am not here to be a prophet predicting future events. My messages are my opinions or projections.

My real hard time came when I tried to figure out the structures of the Forex Labyrinths in real time mode. It's a challenge but I love it.

The longest TL originated from the high of 08/07/12 candlestick.
daddybearforex. com
  • #10,020
  • Sep 22, 2012 12:21pm Sep 22, 2012 12:21pm
Watching The next Demand Zone

AussieDollar 30m
=============
Attached Image (click to enlarge)
Click to Enlarge Name: AUD.png Size: 19 KB
If there was easy money lying around,no one would be forcing it into your
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