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  • #30,861
  • May 27, 2013 6:17am May 27, 2013 6:17am
Quoting DaddyBear
{quote}We are trading Euro Yen not GBP Yen.

Sorry, I thought this was EYI.
daddybearforex. com
  • #30,862
  • May 27, 2013 6:24am May 27, 2013 6:24am
M15 is still in the Bull territory. H1 is at the borderline.
daddybearforex. com
  • #30,863
  • May 27, 2013 6:53am May 27, 2013 6:53am
Quoting DaddyBear
M15 is still in the Bull territory. H1 is at the borderline.
Quiet night...
I think it will hit 96775 then bounce down to form a thripple bottom. What you recon?
  • #30,864
  • May 27, 2013 7:22am May 27, 2013 7:22am
Well I have shorted @.966 with SL @.97 and open TP. Also placed long order @ .97 with SL @.966 and TP @.977
Let's see what happens!
Attached Image (click to enlarge)
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  • #30,865
  • May 27, 2013 8:40am May 27, 2013 8:40am
Simple System - When the RSIOMA crosses on 3 or more time frames the same direction or all are falling or climbing, with the power of the ADX increasing, this indicates a strong trend at the time.

This is better when they ALL have crossed the 50% line up or down.

This system is great for making sure you are on the right side of the trade BEFORE you place a trade...........

ADX starts it's climb on the M1 and the RSIOMA crosses down, the M5 tried to cross long and failed , the M15 paused and then crossed short......

The main idea is to look at the RSIOMA on a few TF's and see which direction they are traveling to keep you safe....................
Attached Image (click to enlarge)
Click to Enlarge Name: simple system aud example.JPG Size: 253 KB
Attached File(s)
File Type: mq4 RSIOMA.mq4   6 KB | 411 downloads
The More You Learn, The More You Earn.....
  • #30,866
  • May 27, 2013 9:52am May 27, 2013 9:52am
Quoting DaddyBear
{quote}Are you talking about a 1,600 pips drop from this level? Is 0.8015 AU or NU?

Yeah sorry DB got my crosses and threads mixed. It was night time my time and I was half asleep.

Saying that would love a PL triggered at 0.8015 with the Aussie, that would be great too lol
Money never sleeps...
  • #30,867
  • May 27, 2013 11:45am May 27, 2013 11:45am
Quoting Arman_A
{quote} Quiet night...I think it will hit 96775 then bounce down to form a thripple bottom. What you recon?
AU has been ranging between the Pivot and S1.
daddybearforex. com
  • #30,868
  • May 27, 2013 1:49pm May 27, 2013 1:49pm
M15 is a bull now.
daddybearforex. com
  • #30,869
  • May 27, 2013 3:34pm May 27, 2013 3:34pm
Daily indicates a temp support may have formed if not an outright reversal at this point; however, the AU bulls are still not out of the woods yet.
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daddybearforex. com
  • #30,870
  • May 27, 2013 3:46pm May 27, 2013 3:46pm
i'm sorry for off-topic, but i can not post in the useless thread as junior member..

anyone know if there is site where you can upload and forward test my ea?
or anyone who knows of a better thread to ask in (allowed for junior members)?
  • #30,871
  • May 27, 2013 3:56pm May 27, 2013 3:56pm
Quoting pipins
i'm sorry for off-topic, but i can not post in the useless thread as junior member.. anyone know if there is site where you can upload and forward test my ea?or anyone who knows of a better thread to ask in (allowed for junior members)?

If you are using MT4 or 5, you may check out the MT forum online [not in FF] to get your answer.
daddybearforex. com
  • #30,872
  • May 27, 2013 3:58pm May 27, 2013 3:58pm
thank you very much for the fast reply, i'll check it out
  • #30,873
  • May 27, 2013 4:07pm May 27, 2013 4:07pm
A temp bottom may have formed on the weekly. A double weekly bottom is likely. The second bottom is not the current one. It's going to be unfolding next.
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daddybearforex. com
  • #30,874
  • May 27, 2013 4:12pm May 27, 2013 4:12pm
The weekly IC also implies the AU is in a holding pattern.
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daddybearforex. com
  • #30,875
  • May 27, 2013 4:15pm May 27, 2013 4:15pm
I'd say this. Looking at lower TF including H4 now may get misleading input for the next major direction.
daddybearforex. com
  • #30,876
  • May 27, 2013 4:28pm May 27, 2013 4:28pm
DaddyBear - what makes you think we need a double bottom on the weekly for a reversal? That hasn't been the case the last two times (2011, 2012).
  • #30,877
  • Edited 4:49pm May 27, 2013 4:35pm | Edited 4:49pm
Quoting edindzeko
DaddyBear - what makes you think we need a double bottom on the weekly for a reversal? That hasn't been the case the last two times (2011, 2012).
it was based on my charts reading of the weekly and the monthly. Both are still bearish. Even the daily may be stable now, it does not mean the bulls are out of the woods yet. A retest of the low is common in the Forex markets. Last two times, there were no double bottoms. This fact does not guarantee a double bottom won't occur this time.

BTW, I said, "A double weekly bottom is likely." It may not happen in the end if the bulls are very powerful down the road but I doubt about this scenario.
daddybearforex. com
  • #30,878
  • May 27, 2013 4:42pm May 27, 2013 4:42pm
DB's weekly Forex Map:

I don't think a ABCDE formation has been formed because the supposed point C did not touch LTL at all. If wave beta has ended, wave gamma of C shall begin next.
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daddybearforex. com
  • #30,879
  • May 27, 2013 4:51pm May 27, 2013 4:51pm
Quoting DaddyBear
{quote}it was based on my charts reading of the weekly and the monthly. Both are still bearish. Even the daily may be stable now, it does not mean the bulls are out of the woods yet. A retest of the low is common in the Forex markets. Last two times, there were no double bottoms. This fact does not guarantee a double bottom won't occur this time. BTW, I said, "A double weekly bottom is likely." It may not happen in the end if the bulls is very powerful down the road but I doubt about this scenario.
I didn't mean to sound like I was making a point against you, just looking for further explanation that's all.

I'm in the camp that says we get a slight retrace to ~0.99 and then further downslide, with a full reversal not happening until 0.95 or even lower.

Who knows, maybe they jump the gun and this is the bottom. I think the majority of traders agree that it is oversold and some sort of turnaround can't be too far off, whether its a full reversal or just a minor retrace.
  • #30,880
  • May 27, 2013 4:53pm May 27, 2013 4:53pm
Quoting DaddyBear
DB's weekly Forex Map: I don't think a ABCDE formation has been formed because the supposed point C did not touch LTL at all. If wave beta has ended, wave gamma of C shall begin next. {image}

If DB's Forex Map was published according to the EWP preset paths, wave beta is a corrective pattern and should not go too far if any. Although it looks scary to many underwater bulls, in the bigger picture, it is just what it is.
daddybearforex. com
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