Was that correct :
My name is Martin... Martin Gale
- #971
- Jul 10, 2013 7:52am Jul 10, 2013 7:52am
- Joined Aug 2007 | Status: Doing It In Dubai | 2,457 Posts
{quote} I have written the engine for the stoch value indicator as described in eurusdd's other thread. After studying some of his charts, I have a signaling method which, after real-time running on a 5min chart for about 12-hours, looks quite good. From my interpretation, which is I'm sure about 10% of eurusdd's full trading method... since stochastic oscillates from 0-100 and zigzag should move to the new low-high with stochastics, I have used the logic that if stochastics reaches 50, but price does not reach 50% of the last zigzag leg, the counter...
{quote} There was no dis-similarity. Here's an example (a trade I took). The bottom CI represents the 5M chart. {image}
1)You started with similarity first with both CI pointing up, dis-similarity appeared shortly with a down pointing 1M CI.
2)Nothing else painted on the 5M CI and you got you confirmation when the upwards pointing CI painted on the 1M and sold.
3)You held the trade expecting a downward trend to continue which can only turn when the next similarity occurred.
4)Similarity occurred when the two downwards CI painted on 1M and 5M so you closed the trade. Because they were pointing down you prepared yourself for a long.
5)Again dis-similarity appeared shortly this time with a up pointing 1M CI.
6)Like the start nothing else painted on the 5M CI and you got your confirmation when the downwards pointing CI painted on the 1M and bought.
7)Similarity occurred when the two ipwards CI painted on 1M and 5M so you closed the trade.
8)The second short you made also went along similar reasoning.
Yes no? Thankyou very much
I want more brain power!