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Buy sell line trading

  • #2,701
  • Edited Feb 15, 2013 10:07am Feb 14, 2013 1:50pm | Edited Feb 15, 2013 10:07am
Quoting TraderinSD
Hey California,

Your settings on your MACD Indi.3-10-16... And the way it appears.. Very much like a trader named Chic Goslin ( Intelligent Futures Trading ) numbers he used way back when.
TSD
TSD

I had the indi's made incorporating his design preference with the colors.
  • #2,702
  • Feb 14, 2013 4:14pm Feb 14, 2013 4:14pm
Keep seeing this over and over again.....that loop.

50 linear crosses 50 sma....price breaks both....loops back to the 50 ma line....bounces up...

It's usually where leg 3 starts. Leg 3's are almost always longer then leg 1.....alot of times dead on.

Been using the 1hr to find it then trading the 5min.
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  • #2,703
  • Feb 14, 2013 4:15pm Feb 14, 2013 4:15pm
Quoting California
TSD

Good eye. I first learned of the 3-10 in mid-Nineties. More recently I was int'd in seeing how others used it, and did a search on FF and came across Chic's books, which I read, although I don't follow his approach. I then had the indi's made incorporating his design preference with the colors. Mine is a bit different than Chic's, as mine is a true MACD, using ema's, which I found often gets you into trades one and sometimes two bars earlier than his 3-10, which uses sma's. It is the most powerful indicator I have ever used. The way I use...


Thought in looked familiar. I had a conversation with him by phone back in 2000. Very pleasantfellow. Willing to share. At the time he was definitely not a day trader. I have only read the first book he put out.

Niceadaptation to his indi. Post # 2532 is the indi ?

Good trading

TSD
  • #2,704
  • Edited 8:22pm Feb 14, 2013 4:23pm | Edited 8:22pm
California, That's an awesome macd setting....thanks for posting that. Been looking at it....shows the legs really well....show if it's going to be a retrace or continuation.
Quoting California
TSD

Good eye. I first learned of the 3-10 in mid-Nineties. More recently I was int'd in seeing how others used it, and did a search on FF and came across Chic's books, which I read, although I don't follow his approach. I then had the indi's made incorporating his design preference with the colors. Mine is a bit different than Chic's, as mine is a true MACD, using ema's, which I found often gets you into trades one and sometimes two bars earlier than his 3-10, which uses sma's. It is the most powerful indicator I have ever used. The way I use...
  • #2,705
  • Edited 5:16pm Feb 14, 2013 4:31pm | Edited 5:16pm
That macd setting is pretty amazing with the 40 cci and the trix.

Leg 1 is where it crosses the 50's then you can see the leg 2 consolidation of price on the trix...it runs down the middle of the indcator....then the cross of the 3-10-16 macd for leg 3.

There's a nice set up right at leg 3
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  • #2,706
  • Edited 7:16pm Feb 14, 2013 6:34pm | Edited 7:16pm
Here's one that just went off....got in but fxsol is such a pain with requotes at the break point.

You can see the legs 1,2,3

Trix consolidates in the middle of indicator for leg 2.....the setup came on sub leg 3 of main leg 3.

The macd crossed a little early but did a good one at the setup. there's the little loop in price with the 50 ma.

Any suggestions on getting in quick at the break? I tried to do a buy stop but can never seem to get it in on time for the good ones.

Seems like the good setups are coming on the leg 3.....if they come on the leg 1 or sub leg 3 of 1 then it goes 4:1

If you measure the two legs they match up in pips.....knew I had at least the = of leg 1.

It's almost retraced to the ma's and trendline....it will be interesting to see if there's another setup upward....E/J looks like it should go 60 or so pips up.

Looks like it's not bouncing on the tl.....time to go down.
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  • #2,707
  • Feb 14, 2013 9:00pm Feb 14, 2013 9:00pm
California, That macd setting is incredible.

You can see the legs....notice the trix....you see the 1,2,3 in the move on the macd....it shows which legs will pay and where it's going. The 40 cci goes colored over 100/-100 at the same times......Add a set up and boom.

I used it to go down on the last big E/J run.
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  • #2,708
  • Feb 14, 2013 10:13pm Feb 14, 2013 10:13pm
Took 34 pips off this one. The legs are almost exactly the same amount of pips....leg 1 is 78....leg 3 is 80. Stopped at the S/R daily line. Entered at 123.88. That little doji made it a 6:1 trade. It wasn't bear but you can't get any closer to bear then that.
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  • #2,709
  • Feb 15, 2013 12:16am Feb 15, 2013 12:16am
That 3,10,16 macd.....mmmmmmmm!!! I just want to tell you, if you were a woman I would marry you!!!! Thanks for posting that jpg. It makes everything I'm using explode on the 5min!
Quoting California
RN's

Anyone trading the smaller TFs like M1, M5, M15, and even up to M30, should be aware of round numbers (RNs). They are just as important as traditional horizontal support/resistance points, imo. And whereas yesterday's high/low can appear different from one trader's chart to the next due to broker times varying, RNs appear the same on everyone's charts.

As a general rule of thumb, placing s/l or t/p 5p away from an RN is usually good enough to either avoid or take advantage of the reaction that price often makes around an RN, and...
  • #2,710
  • Feb 15, 2013 1:05am Feb 15, 2013 1:05am
Quoting cugir321
That 3,10,16 macd.....mmmmmmmm!!! I just want to tell you, if you were a woman I would marry you!!!! Thanks for posting that jpg. It makes everything I'm using explode on the 5min!
Can you post some 5 min charts with comments ?
  • #2,711
  • Feb 15, 2013 1:20am Feb 15, 2013 1:20am
Ask California....sounds like he knows it well......I don't want to change the thread.... set one up and look at fast x 0, fast x slow, angle of slow.
  • #2,712
  • Edited 10:50pm Feb 15, 2013 10:35pm | Edited 10:50pm
This verifys what you said.
(I put both types of candles on each tf....it's easier to see the legs.)

Look at the monthly...the close and open match.

The weekly just broke the reversal candle. Marked it.

Every tf below needs to rise then fall to lower the weekly....making lower highs...this should happen when the daily is finished it's leg 2

When it starts it should travel in sequence up the tf's from the 1min.

The reason i mention this is that it will be possible for the daily, 1hr, and 5min to be above the 50 sma on sunday. the 1hr is close...the other two are over it. I don't think it's going very high then a drop looks to be coming. Maybe 75 pips. I'd say from 30 to 75 pips then reverse if no news. Monday is a holiday in the USA so it may range. It could go over the 1hr ma and not go real far.

The daily shows a sub leg 2 of main leg 3...you can see it better on the H4. If you measure leg sub leg 1 of leg 3 it's about 200 pips. That puts the fall of sub leg 3 right at about the S/R level of 1.3170'ish...leg 3 usually goes at least the length of leg 1.

If you look at the candle meter in the upper right corner it's showing a setup for all the tf's to start dropping starting with the 1min. I'm going to be looking to trade down when the daily is done sub leg 2....i don't think they're completely finished going up but soon. the setups should come as each tf makes the fall.

Quoting 60minuteman
EU monthly strike zones...

weekly confirmed move to next monthly line last week by closing below weekly s/r
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  • #2,713
  • Feb 16, 2013 12:00am Feb 16, 2013 12:00am
Quoting cugir321
Ask California....sounds like he knows it well......I don't want to change the thread.... set one up and look at fast x 0, fast x slow, angle of slow.
Thanks, checked on internet.

Found this: http://www.forexfactory.com/showthread.php?t=106534
Attached File(s)
File Type: mq4 MA_2_colors.mq4   3 KB | 480 downloads
File Type: ex4 MA_2_colors.ex4   4 KB | 406 downloads
  • #2,714
  • Feb 16, 2013 12:58am Feb 16, 2013 12:58am
Quoting snail69
Thanks, checked on internet.

Found this: http://www.forexfactory.com/showthread.php?t=106534
it indicator moving average ya, thanks for indicator
  • #2,715
  • Edited 12:01pm Feb 17, 2013 11:16am | Edited 12:01pm
This finds about where the setups will come on the 5min tf and rings an alarm. Look at the 1hr time frame. Asctrend arrow indicator set on #1 risk. When an arrow pops out on the 1hr tf and if that candle breaks the 50 sma and linear....move down to 5min. The setup will usually come within a half hour of the 1hr tf arrow on the 5min tf. You can back test it in 10 minutes. the indicator doesn't wait for the candle to close to print the arrow in real time. It can repaint but the arrow, I believe, says that the lags, stoch histo, macd are in the perfect postion..no different then looking at a candle that broke and closed over the 50 sma....it could turn and go the other way...it's not a die all but gives you a hint things are about to happen. I can't promise it will be perfect but I can guarentee there will be a 1hr arrow in most instances when the big run comes.

Also, mark the 1hr arrows below the 50 sma after the cross down....look at them.

I've looked at most of the pairs. E/J, E/U, G/J are awesome. They have the movement. On these three pairs it's quite unusual to have a loss if you move the sl to B/E at 1:1. It looks like you can get about 2 trades a day. Today and tommorrow the USA market is closed....may not be enough movement. But.....

Looks like it should work on other tf combinations also.....like H4/M15
Attached File(s)
File Type: mq4 ASCTrend_SellBuy Sound_new.mq4   6 KB | 628 downloads
  • #2,716
  • Edited 1:13pm Feb 17, 2013 12:21pm | Edited 1:13pm
This lets you see what's happening with all the indicators when the arrow pops out.

The 1hr arrow pops out. Mark it as soon as it appears and the candle goes below the 50 sma. Look at the cci ( below -75 headed to -100), stoch 5,3,3 and macd (crossed 0 line and crossing g x r)

Drop to 5min. Wait for the setup. Notice on the first 5min trade the 5,10 trix4kids ind. is running down the middle of the indicator....leg 2 retrace and very consolidated....but, it still has a trade that goes 2:1. Not sure I would stay in for more then 2:1 because of trix but. There's other setups in that area. It seems that is the location of the highest probability for a B/E or loss.

It's just an arrow but has a ton of info hidden in it. The gest of this and my last post is this. Add the asctrend arrow (risk 1). Set the alarm on the 1hr. When the dinner bell rings, drop to the 5min and look for the setup. You can then turn off the opposite arrow so you're not bothered by it after it breaks the 50sma. Leave your computer.
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  • #2,717
  • Feb 17, 2013 5:46pm Feb 17, 2013 5:46pm
dude,

you are getting out of hand with your indis. the reason i loved this thread was because of the lack of it

K

Quoting cugir321
This lets you see what's happening with all the indicators when the arrow pops out.

The 1hr arrow pops out. Mark it as soon as it appears and the candle goes below the 50 sma. Look at the cci ( below -75 headed to -100), stoch 5,3,3 and macd (crossed 0 line and crossing g x r)

Drop to 5min. Wait for the setup. Notice on the first 5min trade the 5,10 trix4kids ind. is running down the middle of the indicator....leg 2 retrace and very consolidated....but, it still has a trade that goes 2:1. Not sure I would stay in for more then 2:1 because...
  • #2,718
  • Feb 17, 2013 5:50pm Feb 17, 2013 5:50pm
Read the end of the post...you don't need any of them...just the arrow as a warning.
Quoting kashTrader
dude,

you are getting out of hand with your indis. the reason i loved this thread was because of the lack of it

K
  • #2,719
  • Feb 17, 2013 6:17pm Feb 17, 2013 6:17pm
Quoting cugir321
Read the end of the post...you don't need any of them...just the arrow as a warning.
This is what happens to a lot of threads and they just die out. I liked the simplicity also and I cant use the indicators anyway on my dealbook programme.
I think they are for metatrader or the like. I just use it as it was in the beginning and I like it. I miss the simple posts that used to be on here.
  • #2,720
  • Feb 17, 2013 6:30pm Feb 17, 2013 6:30pm
Airgead I understand what your saying.....Some people can't sit by their computer all day. If they have Meta then they can set the arrow alarm and wait for the bell then look for the setup again. I'll let you be and go make money. The bell rang. lol!
Quoting airgead
This is what happens to a lot of threads and they just die out. I liked the simplicity also and I cant use the indicators anyway on my dealbook programme.
I think they are for metatrader or the like. I just use it as it was in the beginning and I like it. I miss the simple posts that used to be on here.
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