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  • #461
  • Dec 4, 2012 10:26pm Dec 4, 2012 10:26pm
Bullish momentum looks to be continuing. Trying to look for bearish signal on 1.317x and bullish signal on deep on lower TF.
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Dangdut is a music of my country
  • #462
  • Dec 4, 2012 10:32pm Dec 4, 2012 10:32pm
Quoting NuNix
Bullish momentum looks to be continuing. Trying to look for bearish signal on 1.317x and bullish signal on deep on lower TF.
nice share, nunix. this really help us to learn this system
  • #463
  • Dec 4, 2012 10:33pm Dec 4, 2012 10:33pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Love those results! It appears that the light has come on for you?

Quoting NuNix
Done for today. Last trade is poor trade...anyway green pips today . See you tomorrow.
  • #464
  • Dec 4, 2012 10:36pm Dec 4, 2012 10:36pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Sorry for my late start. My mom (god bless her) has a way of tearing a PC to shreds. Had to log into her computer and get her back up and running. It's amazing the damage she can reap unto a PC!
  • #465
  • Dec 4, 2012 10:55pm Dec 4, 2012 10:55pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Daily: Up, up and away.... this is definitely the X to A leg. In the last 19 days there have been 17 bullishly closed candles and 2 bearish. The Bulls are definitely in charge.

Question of the day and my continued astonishment: How much higher will it go?

Bias: Gonna buck the trend and say BULLISH! Maybe the markets persistance to prove me wrong will turn it around? Honestly though, no clue for now
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  • #466
  • Dec 4, 2012 11:02pm Dec 4, 2012 11:02pm
there is a resistance here. but it's interesting to see how PA move
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  • #467
  • Dec 4, 2012 11:08pm Dec 4, 2012 11:08pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
4H I am sure you don't need a magnifying glass to see the ABCD pattern. Price is at 1.31139 apparently not having any trouble at all with the 1.31 psycho level (at least for now).

The thing with the AO and divergence, with the AO, divergence is only valid if the AO does NOT cross the zero line between peaks and valleys. Notice on your charts, it did swoop in on the zero line, but never crossed it. Making your first "peak" at the high as I painted it on the attached chart.

That being said, since the AO painted that low, it to has been on a steady incline, making easier for me to swallow that price has been ignoring the divergence for a week now

The RSI is at 75 indicating a SEVERELY overbought pair
Bias: Although the price has pireced the 1.31, look for a retrace below it, overbought is overbought: Bearish
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  • #468
  • Dec 4, 2012 11:17pm Dec 4, 2012 11:17pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
1H: Again - up up and away. The AO is catching up on this TF also, but I cannot ignore the fact that the RSI is 72.

If you are curious about my sell stop, I am trailing a sell stop, up the lower side of the lower trend line. I use the current active candle, determine the price of the trend line as it corresponds to the active candle and place my sell stop 3 pips below that trend line at the active candle.

I've been doing this for 2 days now - still anticipating a break to the down side.

This is a risky sell stop, so take my lead with caution.

Bias: unknown
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  • #469
  • Dec 4, 2012 11:30pm Dec 4, 2012 11:30pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Good observation. Not quite a double top just yet, but maybe a target area to consider for reversal. Remaining cautious

Quoting vahn
there is a resistance here. but it's interesting to see how PA move
  • #470
  • Dec 5, 2012 1:44am Dec 5, 2012 1:44am
Not confidence with this call because it's 5M TF and 69% trader are short
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Dangdut is a music of my country
  • #471
  • Dec 5, 2012 1:49am Dec 5, 2012 1:49am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Looks like it might have triggered in! Good job moving to the lower TF to scalp as it is obvious that higher TF's are tough

Thanks for posting this setup - you are the first to do this! Confidence growing a bit is it?

Quoting NuNix
Not confidence with this call because it's 5M TF and 69% trader are short
  • #472
  • Dec 5, 2012 1:55am Dec 5, 2012 1:55am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
15M showing signs of divergence
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  • #473
  • Dec 5, 2012 2:10am Dec 5, 2012 2:10am
Set SL at BE
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Dangdut is a music of my country
  • #474
  • Dec 5, 2012 2:10am Dec 5, 2012 2:10am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
And as has been the norm. Divergence ignored.
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  • #475
  • Dec 5, 2012 2:11am Dec 5, 2012 2:11am
Quoting NuNix
Not confidence with this call because it's 5M TF and 69% trader are short
good trade, mate. it should already in profit now. how is your strategy to exit this trade?
  • #476
  • Dec 5, 2012 2:16am Dec 5, 2012 2:16am
Question for 9er. (my english is bad) Perhaps this is stupid.
I think that you've mentioned the book Trading Dimensions - Bill Williams. By the way is very interesting.
Reading the book, I get the impression that the missing pictures in it. I think in a certain chapter. For example: THE ALLIGATOR ON THE PRICE CHART Figure 3-5 is the same chart as Figure 3-3 ........ but the picture is missing.
Perhaps the PDF version of the book, which I downloaded from the internet, is not original.
Attached File(s)
File Type: pdf New Trading Dimensions - How To Profit From Chaos In Stocks, Bonds, And Commodities - Bill Willi.pdf   997 KB | 1,490 downloads
  • #477
  • Dec 5, 2012 2:17am Dec 5, 2012 2:17am
Quoting 9er
Folks I apologize for my absenteeism today. have some matters I am tending to. Wanted to post the progress of the premise I posted yesterday.

Notice from the charts the progression from the lower trend line (which corresponded with Pivot). The last chart shows where I have 5 pips locked in.

I am currently "hawking" the 3090 area for a possible reversal.

I am going to be away for about an hour. When I return I will tend to your questions.

Pretty cool stuff though right?
Wow, 9er. Sure looks like you made a profit if your still in the euro as its well past 31 now. Questions:

1-Do we always have to use a channel? (it seems very subjective.)

2-If this site ever went down or this thread got deleted how can we download the YUP indicators to draw the patterns?

3-I notice that when price breaks out of the 3 alligator bands when they are all together and ready to break out as well, it seems you can always go with the alligator and price action at that point and almost always you win. Is it true that you can make up a system just with that alligator?
  • #478
  • Dec 5, 2012 2:18am Dec 5, 2012 2:18am
Quoting izisale
Question for 9er. (my english is bad) Perhaps this is stupid.
I think that you've mentioned the book Trading Dimensions - Bill Williams. By the way is very interesting.
Reading the book, I get the impression that the missing pictures in it. I think in a certain chapter. For example: THE ALLIGATOR ON THE PRICE CHART Figure 3-5 is the same chart as Figure 3-3 ........ but the picture is missing.
Perhaps the PDF version of the book, which I downloaded from the internet, is not original.

seems the free version of this book have no picture in it. i have the same version as yours. seems we have to buy to get the full version of this book.
  • #479
  • Dec 5, 2012 2:19am Dec 5, 2012 2:19am
Quoting vahn
good trade, mate. it should already in profit now. how is your strategy to exit this trade?
I still confuse how to exit my trade, but i try this strategy :
first when price close over 127 Fib i move SL to BE, if price close over 161.8 fib i move SL to +5. If my SL still not touch, i will watch for weakness signal.
Dangdut is a music of my country
  • #480
  • Dec 5, 2012 2:22am Dec 5, 2012 2:22am
Quoting izisale
Question for 9er. (my english is bad) Perhaps this is stupid.
I think that you've mentioned the book Trading Dimensions - Bill Williams. By the way is very interesting.
Reading the book, I get the impression that the missing pictures in it. I think in a certain chapter. For example: THE ALLIGATOR ON THE PRICE CHART Figure 3-5 is the same chart as Figure 3-3 ........ but the picture is missing.
Perhaps the PDF version of the book, which I downloaded from the internet, is not original.
Thanks for sharing IZI!!!!
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