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PA by Julexo

  • #6,761
  • Apr 1, 2013 10:34am Apr 1, 2013 10:34am
go scalp it's good today 35 pip up 35 pip down and zones are easy to build
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  • #6,762
  • Apr 1, 2013 11:23am Apr 1, 2013 11:23am
Quoting Farrusco
go scalp it's good today 35 pip up 35 pip down and zones are easy to build {image}
for sure sc
  • #6,763
  • Apr 1, 2013 11:27am Apr 1, 2013 11:27am
Quoting florinellz
Julexo which TF are you using ? 5min?
I using all TF, I don't have fixed sl or tp...its all about PA...what she doing,where she going, where is the nearest S/D zone...What USDX showing,,,,You have to sync in price....Don't trade on weak zones,Look for bigger TF for direction....
  • #6,764
  • Apr 1, 2013 11:34am Apr 1, 2013 11:34am
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just sc
  • #6,765
  • Apr 1, 2013 11:46am Apr 1, 2013 11:46am
Quoting Julexo
I using all TF, I don't have fixed sl or tp...its all about PA...what she doing,where she going, where is the nearest S/D zone...What USDX showing,,,,You have to sync in price....Don't trade on weak zones,Look for bigger TF for direction....
thanks
  • #6,766
  • Apr 1, 2013 12:06pm Apr 1, 2013 12:06pm
Hi Julexo, nice thread you got here.

Just a scalp on m5 to htf sz.
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  • #6,767
  • Apr 1, 2013 12:39pm Apr 1, 2013 12:39pm
Quoting AlexC
Hi Julexo, nice thread you got here. Just a scalp on m5 to htf sz. {image}
perfect Alex
  • #6,768
  • Apr 1, 2013 1:40pm Apr 1, 2013 1:40pm
Hey I have a challenge for you guys, let's try to find the Next bottom for EUR/JPY.

My zone 118.736-119.2.02 for the bottom

What do you guys think? I can see a lot of sell pressure but I think the lower it goes the harder the demand will be and we are close to reaching it
  • #6,769
  • Apr 1, 2013 1:59pm Apr 1, 2013 1:59pm
Quoting Farrusco
Hey I have a challenge for you guys, let's try to find the Next bottom for EUR/JPY. My zone 118.736-119.2.02 for the bottom What do you guys think? I can see a lot of sell pressure but I think the lower it goes the harder the demand will be and we are close to reaching it
today sc pound and eu tommorow I"ll be looking on ej...
  • #6,770
  • Apr 1, 2013 2:18pm Apr 1, 2013 2:18pm
I stop trading on asia...only than if we have important news....
  • #6,771
  • Apr 1, 2013 5:51pm Apr 1, 2013 5:51pm
Hi Julexo,

Would you be so kind to share the RSI indicator that your using?

Thanks!
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #6,772
  • Apr 1, 2013 6:33pm Apr 1, 2013 6:33pm
Quoting Farrusco
Hey I have a challenge for you guys, let's try to find the Next bottom for EUR/JPY. My zone 118.736-119.2.02 for the bottom What do you guys think? I can see a lot of sell pressure but I think the lower it goes the harder the demand will be and we are close to reaching it
yes sure I'll upload tomor.morning...atm I'm away from main pc
  • #6,773
  • Apr 1, 2013 7:06pm Apr 1, 2013 7:06pm
Here's the RSI indicator.
Attached File(s)
File Type: mq4 RSI-TC_NEW.mq4   5 KB | 448 downloads

Attached File(s)
File Type: ex4 RSI-TC_NEW.ex4   6 KB | 391 downloads
  • #6,774
  • Apr 1, 2013 7:53pm Apr 1, 2013 7:53pm
Quoting AlexC
Here's the RSI indicator. {file} {file}
Great! thanks!

You use this to spot divergence, right? When price makes a higher high, and RSI makes a lower high (vice versa), that gives us more conviction to take positions, correct?

And one more question: Why do you choose period 21 instead of the default 14? any special reasons?
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #6,775
  • Apr 1, 2013 8:20pm Apr 1, 2013 8:20pm
Quoting keroro0o0o
Great! thanks! You use this to spot divergence, right? When price makes a higher high, and RSI makes a lower high (vice versa), that gives us more conviction to take positions, correct? And one more question: Why do you choose period 21 instead of the default 14? any special reasons?
From my observation, the divergence on any oscilator is designed to detect weakness in PA in which price moving lagging before oscilator means to:
1. differentiate correction and true strength/weakness(higher oscilators and lower price), or
2. if price move previous high but not enough to push oscilators higher than previous peak(higher price but lower oscilatos).

I take that the first one as more reliable form of oscilators divergence, as for the second one there is high probability that price still move to the current direction.

I suggest to use divergence a bit different than common convection, and to enter at a significant supply/demand area at the first touch when oscilators exceeds the previous peak(before second peak formed as common convection recommend, using the first means of oscilators divergence). This way to trade divergence will give you several edge, the obvious one is to get a better price and the second one is to have a support/demand area to back up your position.

For the record I did not forcing my method, it was just my observation for you to consider. If anyone interested at least he should confirmed my explanation and at least review/analyze previous PA.

As why use longer period, I think using longer period for oscilators will give you less noise on oscilators so the divergence is spotted easily and more robust.

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  • #6,776
  • Edited 10:58pm Apr 1, 2013 10:36pm | Edited 10:58pm
eur jpy:

I've set up an alarm that ringed and woke me up... close to my demand zone 119.2... but short pressure is really strong I don't know if it will hold must keep on looking


Edit : touched let's see...

edit2: hmmm 20 pip pullback doesn't convice anyone i'm going to sleep and put alarm again see you guys in london
  • #6,777
  • Apr 2, 2013 4:03am Apr 2, 2013 4:03am
1./3 closed
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  • #6,778
  • Apr 2, 2013 4:08am Apr 2, 2013 4:08am
Hello Julexo,
Waited tonight to get down to 119.20. I too, just closed eur:jpy. Left a little on the table to run.
I'm off to bed for some much needed sleep.
Happy Trades,
fxstir

quote=Julexo;6564818]1./3 closed {image}[/quote]
  • #6,779
  • Apr 2, 2013 4:10am Apr 2, 2013 4:10am
Quoting fxstir
Hello Julexo, Waited tonight to get down to 119.20. I too, just closed eur:jpy. Left a little on the table to run. I'm off to bed for some much needed sleep. Happy Trades, fxstir quote=Julexo;6564818]1./3 closed {image}
[/quote]

get rest
  • #6,780
  • Apr 2, 2013 4:14am Apr 2, 2013 4:14am
get rest[/quote]

Will do
Happy Trades,
fxstir
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