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Trading EURUSD only

  • #31,821
  • Jan 24, 2013 11:09am Jan 24, 2013 11:09am
small pull back then up through 1.34 finally

at least we can hope... could consolidate more

nice to see you folks
Be hopeful in a winning position, and fearful in a losing position.
  • #31,822
  • Jan 24, 2013 11:13am Jan 24, 2013 11:13am
Quoting xandi
if we have a close on 2h/5h TF above 1.3400, more bulls on the way...
Quoting Rag2RichesFX
small pull back then up
  • #31,823
  • Jan 24, 2013 11:22am Jan 24, 2013 11:22am
entered long @67

m15 hidden divergence (rsi 2)
Attached Image (click to enlarge)
Click to Enlarge Name: quicksave100.jpg Size: 160 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #31,824
  • Jan 24, 2013 11:28am Jan 24, 2013 11:28am
should be trading EJ to be honest.

UJ is on an unshakeable bull move. no retrace waves yet.
Be hopeful in a winning position, and fearful in a losing position.
  • #31,825
  • Jan 24, 2013 11:39am Jan 24, 2013 11:39am
Quoting Rag2RichesFX
entered long @67

m15 hidden divergence (rsi 2)
If it's hidden, how do you spot it? Special goggles?
  • #31,826
  • Jan 24, 2013 11:42am Jan 24, 2013 11:42am
Quoting thegunslinger
If it's hidden, how do you spot it? Special goggles?
lol

most of the time they are easy, sometimes they do hide though
Be hopeful in a winning position, and fearful in a losing position.
  • #31,827
  • Jan 24, 2013 11:46am Jan 24, 2013 11:46am
ok guys
had a pause for sometime trading due to personal issues.
by the time keep working on waves.

as posted earlier I still could not fiinda wave count according what is written in the books.
when eyeballing you may see some smiliar counts but when coded & tested I can easly say there is no proper count at least @ EURUSD.

but........
when testing some algos I have found a correction formation which repeat it self very frequent. coded a rough test EA & tested on 1H CT & frankly worked well.

actually still working on & testing & trading as usual when have time
  • #31,828
  • Jan 24, 2013 11:46am Jan 24, 2013 11:46am
Quoting Rag2RichesFX
entered long @67

m15 hidden divergence (rsi 2)
Rags, nice to see you back here.

Did you change your rsi?
The world you desire can be won. It exists.. it is real.. it is possible..
  • #31,829
  • Jan 24, 2013 11:47am Jan 24, 2013 11:47am
I will combine that correction system with my actual system & trade manually soon when things fixed on my side

Quoting stevewalker
ok guys
had a pause for sometime trading due to personal issues.
by the time keep working on waves.

as posted earlier I still could not fiinda wave count according what is written in the books.
when eyeballing you may see some smiliar counts but when coded & tested I can easly say there is no proper count at least @ EURUSD.

but........
when testing some algos I have found a correction formation which repeat it self very frequent. coded a rough test EA & tested on 1H CT & frankly worked well.

actually still working on & testing & trading...
  • #31,830
  • Jan 24, 2013 11:48am Jan 24, 2013 11:48am
I'd be careful with any longs. Looks like we're in a B-wave triangle after the A wave drop from our highs. Means C will go down further.
  • #31,831
  • Jan 24, 2013 11:49am Jan 24, 2013 11:49am
Quoting thegunslinger
If it's hidden, how do you spot it? Special goggles?
Hidden Divergence

Regular Divergence

  • #31,832
  • Jan 24, 2013 11:49am Jan 24, 2013 11:49am
Quoting Mr. Scott
Rags, nice to see you back here.

Did you change your rsi?
Thanks, I am trying to be more active.

Just from RSI 3 to 2

It makes it a bit easier to spot the divs. imo
Be hopeful in a winning position, and fearful in a losing position.
  • #31,833
  • Jan 24, 2013 11:50am Jan 24, 2013 11:50am
Quoting thegunslinger
I'd be careful with any longs. Looks like we're in a B-wave triangle after the A wave drop from our highs. Means C will go down further.
I'm looking for a retest of the last waves high, but it could slide more before doing so

Maybe to 3350/55
Be hopeful in a winning position, and fearful in a losing position.
  • #31,834
  • Jan 24, 2013 11:52am Jan 24, 2013 11:52am
the point is;
this monkey continiously fail to make proper moves.
but on correction side when we can count reverse waves #1 & 3 twice this means its preparing to move the reverse of correction direction as usual.

ont he other hand its not %60 but %51 correct & gives roughly 2/1 RR ratio means TP=2 x SL
  • #31,835
  • Jan 24, 2013 11:54am Jan 24, 2013 11:54am
Quoting Rag2RichesFX
Thanks, I am trying to be more active.

Just from 3 to 2

It makes it a bit easier to spot the divs. imo
Ok thank you, thought so.

So, far has it been more effective i.e. profitable?
The world you desire can be won. It exists.. it is real.. it is possible..
  • #31,836
  • Jan 24, 2013 11:56am Jan 24, 2013 11:56am
here is an example of 4H
had 2 corrective reverse actions then moved reasonably reverse
counts should be done 3 bar fractals & with all fractals @ all points of 1-2-3
Attached Image (click to enlarge)
Click to Enlarge Name: _3.jpg Size: 208 KB
  • #31,837
  • Jan 24, 2013 11:58am Jan 24, 2013 11:58am
& few days later revese
up 1-3 count twice then reverse move
Attached Image (click to enlarge)
Click to Enlarge Name: _3.jpg Size: 211 KB
  • #31,838
  • Jan 24, 2013 12:00pm Jan 24, 2013 12:00pm
here
Attached Image (click to enlarge)
Click to Enlarge Name: _3.jpg Size: 219 KB
  • #31,839
  • Jan 24, 2013 12:00pm Jan 24, 2013 12:00pm
Quoting stevewalker
ok guys
had a pause for sometime trading due to personal issues.
by the time keep working on waves.

as posted earlier I still could not fiinda wave count according what is written in the books.
when eyeballing you may see some smiliar counts but when coded & tested I can easly say there is no proper count at least @ EURUSD.

but........
when testing some algos I have found a correction formation which repeat it self very frequent. coded a rough test EA & tested on 1H CT & frankly worked well.

actually still working on & testing & trading as usual...
hi steve

will send you the info for that EA this weekend

if you want to try and code it. i think it actually may be easier than i originally thought
Be hopeful in a winning position, and fearful in a losing position.
  • #31,840
  • Jan 24, 2013 12:01pm Jan 24, 2013 12:01pm
Quoting Mr. Scott
Ok thank you, thought so.

So, far has it been more effective i.e. profitable?
The difference is kind of small, but yes more effective.

RSI 3 doesn't have as exaggerated peaks so sometimes it misses some divergences that RSI 2 has.
Be hopeful in a winning position, and fearful in a losing position.
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