Price Is The Best Indicator Itself.
- #48,242
- May 7, 2013 10:53pm May 7, 2013 10:53pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #48,243
- May 7, 2013 10:58pm May 7, 2013 10:58pm
- Joined Feb 2011 | Status: Trader | 1,825 Posts
{quote} very nice! just keep averaging down with additional positions at every 25pips grid with multiply factor 1.4 all the way down to parity 1.0000. gaurantee you it will turn around provided you keep your account balance healthy and dont get margin call. keep check of your beakeven level after every average down positions. Good Trading!
:nerd:...
- #48,244
- May 7, 2013 11:02pm May 7, 2013 11:02pm
{quote} very nice! just keep averaging down with additional positions at every 25pips grid with multiply factor 1.4 all the way down to parity 1.0000. gaurantee you it will turn around provided you keep your account balance healthy and dont get margin call. keep check of your beakeven level after every average down positions. Good Trading!
Price Is The Best Indicator Itself.
- #48,245
- May 7, 2013 11:14pm May 7, 2013 11:14pm
- | Joined Nov 2011 | Status: the probability trader | 1,110 Posts
{quote} ForeignTrade, Dragon is simply a EMA34 Trend is simply EMA89 These are the two required indicators on you price charts. Rule is simple: Buy only when Price Action is above EMA34 and EMA34 above EMA89. Sell only when Price Action is below EMA34 and EMA34 below EMA89. Some discretion is necessary when trading. That discretion will comes from your trading experience. Your experience will be from your time spent in practice,practice,practice... You will also need to know many things about Price Action trading and about Support and Resistance....
By the way many times member with nickname "Raghee Horner" was spotted here
May be real lady Raghee visiting us?My thoughts about MA.
Nothing new but for me it was interesting observation.
What is MA 34 or MA 89? - It is AVERAGE price of Close (or High or Low or whatever else) per last number of candles. If we are considering 34 EMA it means average price for last 34 candles. What is 34 candles at 15m charts? It is 8.5 hours or very similar one trading session. In fact trading session for London is 9 hours (8 working hours and 1 hour for lunch) and would be better to use 36 EMA, but 34 is more powerful FIBONACCI number. So we are using this one.
What about 89? At 15m charts it is equal to 22.25 hours or 1 day! Again it will be more correct to use 96 EMA but we are using 89 because this is another one number from FIBONACCI row!
So, we are are trading around average price per last trading session and last day!
Definitely, we are trading intraday strategy!!!
If take into account information about THREE DAY CYCLE of MM's, I think would be reasonable to add another one MA - Average price of last three days. For 15m charts it is 288. Or if we are using FIBONACCI numbers then 233 EMA.
All above mentioned is only my idea and my understanding of MA's means.
For a while I am testing 233 EMA as HOMEBASE line. The price always coming back to HOMEBASE.
Everything is possible!!! Step by Step...
- #48,247
- May 7, 2013 11:21pm May 7, 2013 11:21pm
- Joined Feb 2011 | Status: Trader | 1,825 Posts
Nice pips on the down move - now waiting to reshort at a higher level. If price gets there. ( low of black rectangle) Regards, H.
- #48,248
- May 7, 2013 11:21pm May 7, 2013 11:21pm
{quote} Maybe it was already posted here, may be not. Anyway here is: {image} By the way many times member with nickname "Raghee Horner" was spotted here
Price Is The Best Indicator Itself.
- #48,249
- May 7, 2013 11:26pm May 7, 2013 11:26pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} thanks for the advice, i dont really care about margin calls as i have healthy account and i go small on positions
yeah, welcome to the world of grid traders.
Use Blessings 3.... it fully automate and manage all your trades and with equity protection ... no 'SL trading'.
AU current market type is best suited for grid trading...with a swing of 500 pips, don't expect any runaway long term trend which can bust any account.
wave down we make money buying,....
wave up we make money selling....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #48,251
- May 7, 2013 11:33pm May 7, 2013 11:33pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote}
it is Grid Trading using Blessing 3
if you don't like Blessing 3 ... there is Evolution ... the new generation
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #48,252
- May 7, 2013 11:36pm May 7, 2013 11:36pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #48,253
- May 7, 2013 11:40pm May 7, 2013 11:40pm
- Joined Feb 2011 | Status: Trader | 1,825 Posts
{quote} it is Grid Trading using Blessing 3
- #48,257
- May 8, 2013 12:14am May 8, 2013 12:14am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} how about God Bless You .. , relax man money still come to you
It is relaxing way to grid trading. It can handle both average up and average down positions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #48,258
- May 8, 2013 12:16am May 8, 2013 12:16am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #48,259
- May 8, 2013 12:18am May 8, 2013 12:18am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
