taken short from 15 min average at 15305,although mixed non synce pricing so close monitoring
15276 being daily average
15276 being daily average
Attached Image (click to enlarge)
{quote} hi chazzle, yes i will enjoy were 8 hours in front here so im going for a few cold ones,in brief i use the averages to trade from and the split price for target or add ons. ive posted many posts regarding how i calculate my averages and the splits are a calculation from those no,s which i havnt as of yet posted the calc, basically they are like the s1 s2 ect,mine are a low level and high level,which if the market remains with the same sentiment that price split high for example would complete its natural cycle,now this is going...
Thanks Diceman555 for taking your time to explain.
Looks like I have to take time and study the M15 charts. The last time I tried I got fried but one of the reasons was I was relatively new to FX and traded without proper MM. I am a lot better now and know how important MM is in trading. From the little I have read in your thread it seems you trade mainly the GBPUSD. Do you find it more reliable? Most scalpers trade the EURUSD.
Thanks
- #1,923
- Jun 4, 2013 3:20am Jun 4, 2013 3:20am
- Joined Jun 2009 | Status: Trader | 5,558 Posts
{quote} Thanks Diceman555 for taking your time to explain. Looks like I have to take time and study the M15 charts. The last time I tried I got fried but one of the reasons was I was relatively new to FX and traded without proper MM. I am a lot better now and know how important MM is in trading. From the little I have read in your thread it seems you trade mainly the GBPUSD. Do you find it more reliable? Most scalpers trade the EURUSD. Thanks
hi johNal,
i mostly only trade cable,unless i see a clear mispricing on the values of the pairs i monitor,my reason for trading cable is only because thats were i started with my first intro to fx which was in hong kong back in 1994,were i traded from a trading house and lost a relative a large amount of money,thats were i first started trading cable ,all we had was the quote prices and a very basic screen chart,but we were instructed to trade from the ochl .obviously i didnt listen well enough to my peer
although the same principles i use now i just understand it now.i was put of trading for many years from that first intro,
the 15 min and 1 hour averages and ochl are inportant for the way i trade
dice
- #1,935
- Jul 15, 2013 12:40pm Jul 15, 2013 12:40pm
hi thoughts, heres an example of a longer term averaged price,calculated from 12 months of closes.this gives me the long term average, price traded away from the monthlky average at 15023 .price traded upto the 12 month average at 15746.now with information and the added short term averages your bias becomes much clearer.allowing for the fact that this price is not static were looking for these longer term averages to converge with shorter t/f ,this can be seen also in the calculated extensions. i record all these levels and look for convergence...
I'll keep an eye out for the PM..
- #1,936
- Jul 16, 2013 2:07pm Jul 16, 2013 2:07pm
- Joined Jun 2009 | Status: Trader | 5,558 Posts
{quote} Very interesting..Thank you Diceman
sent you a pm,but feel free to ask
dice
- #1,939
- Jul 23, 2013 3:48am Jul 23, 2013 3:48am
LISTENING TO MY INNER SELF I have developed an almost perfect entry system, using past data,and calculating human behavioral patterns the ingrained programmed math inherent within us all is fact,regardless to the opposite belief of free will. every candle or moment of time holds information as to the outcome and response to the actions of the next moment in time the high,low open and close contain that information,the average and the outcome ,the possible high and low. using the market change and momentum from that change is paramount in...
I have been reading and reading this post over and over, trying to make some sense of it.
Would you mind explaining a little bitmore about your thought process behind that statement.
Ivan
- #1,940
- Jul 23, 2013 4:30pm Jul 23, 2013 4:30pm
- Joined Jun 2009 | Status: Trader | 5,558 Posts
{quote} Hi William I have been reading and reading this post over and over, trying to make some sense of it.
im a life long chelsea fan so kudos to you,
sorry for my lack of time to reply in depth but i will when i can,
a quick example,todays trading.look at the monthly averaged from past data.reaction at that level,lead candle from 15 min chart for example i would trade from 1 min.bias off the big average.lead has a inherent cycle which is 71 level.its bias as the cycle can complete both ways,not prediction but ingrained in our make ups.now if you look at those levels with all the average levels there would be some convergence to around that point.orders at averages,bias from the average and what ever tool can show money moving for entry with momentum.price will move to the level of the cycle completions especially when they converge,this repeats all day every day.
