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  • #861
  • Jan 7, 2013 4:39am Jan 7, 2013 4:39am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Next drop a 200 Simple Moving Average (not smoothed, not exponential or otherwise), just simple (we like simple). Apply to close.

I want to pre-empt this next indicator with a word of CAUTION!

Attached is a ZUP indicator that paints ABCD, butterfly, Gartley and various other patterns. Unless you are absolutely sure that you know what you are doing, do not take a trade based solely because this indicator has painted a pattern! The worst mistake you can make is to trade this indicator blindly. You have been warned!

Drop the indicators into your Experts - Indicators folder. I've included a template for those of you that wish to use it.

Sorry folks but seeing double vision. Tomorrow we trade this baby!

Once you have restarted your MT4 your chart should look like this:
Attached Image
Attached File(s)
File Type: tpl handbook.tpl   20 KB | 426 downloads
File Type: ex4 ZUP_v76_5-0_mod.ex4   305 KB | 423 downloads
File Type: mq4 ZUP_v76_5-0_mod.mq4   349 KB | 416 downloads
  • #862
  • Jan 7, 2013 4:40am Jan 7, 2013 4:40am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Sorry grabbed the wrong chart - double vision.

Your chart should look like this:
Attached Image (click to enlarge)
Click to Enlarge Name: student.gif Size: 40 KB
  • #863
  • Jan 7, 2013 4:44am Jan 7, 2013 4:44am
Welcome back 9er
Dangdut is a music of my country
  • #864
  • Jan 7, 2013 4:54am Jan 7, 2013 4:54am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Glad to be back NuNix - thank you for your part to keep this thread active! I saw that you took a little grief! Your an excellent trader and don't let anyone tell you elsewise! Appreciate your effort my man - did not go un-noticed! Great job!

Quoting NuNix
Welcome back 9er
  • #865
  • Jan 7, 2013 4:56am Jan 7, 2013 4:56am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
NuNix - I just dropped a "Vouch" on you for your efforts in this thread!
  • #866
  • Jan 7, 2013 5:09am Jan 7, 2013 5:09am
Quoting 9er
NuNix - I just dropped a "Vouch" on you for your efforts in this thread!
Wow thank you

What do you think about EU H4?
Attached Image (click to enlarge)
Click to Enlarge Name: H4.JPG Size: 152 KB
Dangdut is a music of my country
  • #867
  • Jan 7, 2013 5:13am Jan 7, 2013 5:13am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Tomorrow I will resume normal posting. I missed the start of my day and feel "off" anyway. For anyone just joining, or new to trading this style of trading is NOT as complex as it comes across.

I will do my best to post my analysis and any potential setups.

Word of warning: Money management and risk to reward is your responsibility. I never discuss it.

My daily goal is 10 pips, my rules for trade management are as follows:

1. I trade with buy and sell stops only! (I never enter market order, but that is my preference only!)
2. Never, EVER, EVER trade without a stop loss level! We'll cover this as well!
3. Remove the risk of the trade as soon as possible by moving my stop to break even (BE) usually if the trade goes +10 to +15 pips I move to BE
4. Lock in pips and stay in a trade as long as possible (using RSI) +20 to +30 move stop to +10 (we'll cover this later as well)
  • #868
  • Jan 7, 2013 5:30am Jan 7, 2013 5:30am
Can I post a chart that differ from your template? I didn't use a zup indi since i follow Mr.Pip thread to draw a Harmonic pattern
Dangdut is a music of my country
  • #869
  • Jan 7, 2013 5:43am Jan 7, 2013 5:43am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Sorry for the late reply. I am actually not trading today - but your setup would scare me away on a long. Your trigger is too close to the 200 for my liking - you might be able to scalp a bit from it, but as I stated the 200 is too close for my taste

Look at the 1H - there is a down fractal outside the mouth and price appears to want to bounce off the mouth and the RSI is flat below the 50. If it were me, I'd have a sell stop here.

Quoting NuNix
Wow thank you

What do you think about EU H4?
Attached Image (click to enlarge)
Click to Enlarge Name: eu1h.gif Size: 39 KB
  • #870
  • Jan 7, 2013 5:44am Jan 7, 2013 5:44am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Not a problem
Quoting NuNix
Can I post a chart that differ from your template? I didn't use a zup indi since i follow Mr.Pip thread to draw a Harmonic pattern
  • #871
  • Jan 7, 2013 7:28am Jan 7, 2013 7:28am
Quoting 9er
Sorry for the late reply. I am actually not trading today - but your setup would scare me away on a long. Your trigger is too close to the 200 for my liking - you might be able to scalp a bit from it, but as I stated the 200 is too close for my taste

Look at the 1H - there is a down fractal outside the mouth and price appears to want to bounce off the mouth and the RSI is flat below the 50. If it were me, I'd have a sell stop here.
If the current price is bellow the daily pivot, are you just looking for sell order?
Dangdut is a music of my country
  • #872
  • Jan 7, 2013 7:43am Jan 7, 2013 7:43am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Well - yes but based from the 1H - getting ready to post a premise and potential setup now

Quoting NuNix
If the current price is bellow the daily pivot, are you just looking for sell order?
  • #873
  • Jan 7, 2013 7:48am Jan 7, 2013 7:48am
depends on how the PA ( and its pattern ) dude ...

i see butterfly/crab in m15 / 30 as D point ( could be seen as C point in 4H ). ready trade from C to D in 4H. called BAMM in harmonic

imhoooooo

current chart

not attached

4H on the weekend

http://www.forexfactory.com/attachme...3&d=1357356602


Daily on the weekend
http://www.forexfactory.com/attachme...0&d=1357436277
Quoting NuNix
If the current price is bellow the daily pivot, are you just looking for sell order?
not euphoria follower
  • #874
  • Jan 7, 2013 7:51am Jan 7, 2013 7:51am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
I am basing this weak setup off two things really. The first is the upper trend line, second would be that the upper trend line corresponds intersects the alligator mouth. and the third would be if you look at the horizontal yellow line, this is the first down fractal out of the alligator's mouth (yellow arrow pointing "up")

Volume is still a little low, price has been sideways for a few hours now, so I urge caution in that low volatility has a way of negating the best set ups. If price doesn't trigger my sell within the next 3 candles, I cancel the sell stop.
Attached Image (click to enlarge)
Click to Enlarge Name: eu1h.gif Size: 42 KB
  • #875
  • Jan 7, 2013 7:56am Jan 7, 2013 7:56am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Here is a good reason to cancel a sell stop. As I was marking up my chart, price broke the upper trend line and extended beyond what would have been my stop loss. Anytime this happens the sell premise has been negated in my opinion.

Upper trend line pierced, now hanging on the daily pivot - candle closes in seven minutes formation of this candle when it closes is what I need to see next.

Notice the RSI has pushed above 50, but I need confirmation of the next candle before I consider long on the 1H (not to mention price is approaching the 200 on the 4H)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu1h.gif Size: 41 KB
Click to Enlarge Name: eu4h.gif Size: 34 KB
  • #876
  • Jan 7, 2013 7:59am Jan 7, 2013 7:59am
Yes I see Butterfly on M15
Quoting iqyu5an
depends on how the PA ( and its pattern ) dude ...

i see butterfly/crab in m15 / 30 as D point ( could be seen as C point in 4H ). ready trade from C to D in 4H. called BAMM in harmonic

imhoooooo

current chart

not attached

4H on the weekend

http://www.forexfactory.com/attachme...3&d=1357356602


Daily on the weekend
http://www.forexfactory.com/attachme...0&d=1357436277
Dangdut is a music of my country
  • #877
  • Jan 7, 2013 8:03am Jan 7, 2013 8:03am
you do it my mannnnnnnnnnnnnnnnnnnnnnn..........................

i think mr and mrs euro understand it

Quoting NuNix
Yes I see Butterfly on M15
not euphoria follower
  • #878
  • Jan 7, 2013 8:04am Jan 7, 2013 8:04am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
And the 5M

Quoting NuNix
Yes I see Butterfly on M15
Attached Image (click to enlarge)
Click to Enlarge Name: 5m.gif Size: 41 KB
  • #879
  • Jan 7, 2013 8:07am Jan 7, 2013 8:07am
the pattern is showing the ratio in harmonic but in PA.. tells us that daily pivot got broken to the upside and market keeps her staying above high of nov 2012
Quoting 9er
And the 5M
not euphoria follower
  • #880
  • Jan 7, 2013 8:10am Jan 7, 2013 8:10am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Interesting posted 30 minutes ago:

http://www.forexfactory.com/news.php?do=news&id=403813

Germany is not profiting from the eurozone
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