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  • #301
  • Edited 2:39am Oct 10, 2013 2:09am | Edited 2:39am
Hi.


Bass, you can never bore us by posting your charts. The more the better. :-)

With regards to EU, there was a time for short after the rejection of push up and basically double top. Now we have a pinbar and bullish divergence. I'd be looking for shorts only if we break low of pinbar(s) or at least daily traders could be lurking for longs as unlikely as it may seem.

EDIT: RSI on d1 is also still above 50 and will be strong resistance.


BR

http://charts.mql5.com/2/726/eurusd-...markets-as.png
  • #302
  • Oct 10, 2013 4:03am Oct 10, 2013 4:03am
Although I don't use ETMA, you can check same PA principle on any tool, any time frame.

So, Identified was potential rejection and support on h1. Execution on smaller and faster TF gives you structure of the price. Best is to wait for full confirmation.
From Bass's perspective this is total scalping, but again - Pa is similar on all TFs.

Bass again - if this analysis is disturbing to your EMTA follower, please fell free to delete it.


BR

http://charts.mql5.com/2/727/teurusd...rkets-as-2.png
  • #303
  • Oct 10, 2013 8:17am Oct 10, 2013 8:17am
I have entered short on the EURUSD. The price made a LL and retraced.
Attached Image (click to enlarge)
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  • #304
  • Edited Oct 11, 2013 1:41am Oct 10, 2013 10:05am | Edited Oct 11, 2013 1:41am
Quoting Keyador
I have entered short on the EURUSD. The price made a LL and retraced. {image}

Here also, and don't forget that this entry is on support broken and turned resistance, just look left on your chart .
Master Your Setup, Master Your self. (NQoos)
  • #305
  • Oct 10, 2013 10:09am Oct 10, 2013 10:09am
Quoting tp0440
Although I don't use ETMA, you can check same PA principle on any tool, any time frame. So, Identified was potential rejection and support on h1. Execution on smaller and faster TF gives you structure of the price. Best is to wait for full confirmation. From Bass's perspective this is total scalping, but again - Pa is similar on all TFs. Bass again - if this analysis is disturbing to your EMTA follower, please fell free to delete it. BR {image}

T., nothing comes from u could disturb me, u are welcome tO post anything you want on this thread my friend, everyone have a different personality and path in life and that's the beauty of it.

I'm a turtle and you ?, i guess i know the answer to that question .

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #306
  • Oct 10, 2013 4:47pm Oct 10, 2013 4:47pm
Quoting bassramy
{quote} T., nothing comes from u could disturb me, u are welcome tO post anything you want on this thread my friend, everyone have a different personality and path in life and that's the beauty of it. I'm a turtle and you ?, i guess i know the answer to that question . Best, B.R.

Hi.

Thanks for your kind words. I try to be of some use although I can't really identify myself with the repainting bands.

What kinds of personality am I? I guess I'm a multiple split personality. :-)) Something between chicken, rabbit and wolf, with the aim to make way for a shark. At least I'm working on it. Some turtle genes would also be nice, but not at this moment. Perhaps in time if all goes ok.

Well, if you figured all this out, than you are one heck of psychologist.


EU: the pair made perfect AB=CD. Which was one of the reasons I warnded about possible pullback in the morning. Pullback stopped exactly on 50% of the previous move. What can we expect? Repeated ABCD down as D1 seems to be pushing in the short direction... but we also have double bottom (scissors), inside bar and doji. So, my bet is - sideway and find another pair. Break of 1,3470 for short, 1,3550 for long. 1,3485 (range) will act as strong support.
http://charts.mql5.com/2/734/eurusd-...markets-as.png

BTW: I know you were trading DAX and Dow Jones. Still on them? What do you think about this awesome rally today?


BR,

TP
  • #307
  • Oct 11, 2013 2:32am Oct 11, 2013 2:32am
Quoting tp0440
{quote} Hi. Thanks for your kind words. I try to be of some use although I can't really identify myself with the repainting bands. What kinds of personality am I? I guess I'm a multiple split personality. :-)) Something between chicken, rabbit and wolf, with the aim to make way for a shark. At least I'm working on it. Some turtle genes would also be nice, but not at this moment. Perhaps in time if all goes ok. Well, if you figured all this out, than you are one heck of psychologist. EU: the pair made perfect AB=CD. Which was one of the reasons...
Mini-Sized Dow, S&P500 E-Mini, Dax, Nikkei 225, Nasdaq 100 E-Mini, CL (Crude Light), gold and Silver i have positions in all of them in my portfolio, i made some nice profits shorting these Markets but now i'm siting on cash waiting for the white smoke to come out from DC.
Yesterday was a turning point in these markets as the optimism from a deal about the shutdown and the Debt ceiling between the Rep and the Democ rein in Washington as they began the talks about these issues, but like any optimism it can quickly fade and bull turn to bear in a second so unless you are a long time trader i suggest to stay in cash for the time being as this is the best risk management tool right now because these events are making the markets very volatile and jumpy.

So its still so so, deal, no deal, deal, no deal etc... and its this uncertainty that is hoovering over the Investors and traders sentiment which in return are very jumpy, a rally today maybe provoke a crash tomorrow.
Stocks Just Had A Heart Attack
NO DEAL: Obama And Republicans Still Can't Agree On A Debt Ceiling Solution
This Pyramid Shows How All The World's Wealth Is Distributed And The Gigantic Gap Between Rich And Poor
Wall Street's Brightest Minds Reveal THE MOST IMPORTANT CHARTS IN THE WORLD

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #308
  • Oct 11, 2013 6:04pm Oct 11, 2013 6:04pm
Quoting tp0440
{quote} Hi. Thanks for your kind words. I try to be of some use although I can't really identify myself with the repainting bands. What kinds of personality am I? I guess I'm a multiple split personality. :-)) Something between chicken, rabbit and wolf, with the aim to make way for a shark. At least I'm working on it. Some turtle genes would also be nice, but not at this moment. Perhaps in time if all goes ok. Well, if you figured all this out, than you are one heck of psychologist. EU: the pair made perfect AB=CD. Which was one of the reasons...
I didn't like the repainting bands either, so that's why I use a TMATrue. This one does not repaint, if u want it I can attatch it.
  • #309
  • Oct 13, 2013 11:30am Oct 13, 2013 11:30am
Quoting Keyador
{quote} I didn't like the repainting bands either, so that's why I use a TMATrue. This one does not repaint, if u want it I can attatch it.
It's like I said a zillion time, the goal is not to trade the high and the low of the bands themselfs, the bands are there to tell u that the range of each currency has being run so be alert and start looking for a confirmation of the reversal it may take a day or weeks, nobody knows, this perticular asset class could be in a range expansion phase or could be starting a long term trend due to fundamentals, you must sit tight and stay with the trend if there is any before and wait for a solid confirmation if you think that a reversal is occurring, he'll sometimes after a lot of confirmation of a trend reversal you find yourself puzzled when PA turn and start another run in the original direction of the previous trend.

Bottom line and like everything else in life and even if you have the strongest confirmation tools u can never be sure if this lower or higher band hit is the real one, I strongly recommend to not take any bands signal unless it's on a major daily support or resistance and with a highly probable candlesticks pattern like a pinbar, engulfing, hammer, hanging man or the most important piercing line.

Of course we have our own indicators in the ETMATE to time the confirmation signal but the best confirmation that I like is taking from the dailies like I mentioned before and that's why this system is making me a lot of pips consistently.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #310
  • Edited 1:41pm Oct 13, 2013 1:18pm | Edited 1:41pm
Quoting bassramy
{quote} It's like I said a zillion time, the goal is not to trade the high and the low of the bands themselfs, the bands are there to tell u that the range of each currency has being run so be alert and start looking for a confirmation of the reversal it may take a day or weeks, nobody knows, this perticular asset class could be in a range expansion phase or could be starting a long term trend due to fundamentals, you must sit tight and stay with the trend if there is any before and wait for a solid confirmation if you think that a reversal is occurring,...
I understand that we don't trade of the bands directly, but for me it helps to look at previous data to see how the price responded when it was at it's bands.
And I find it helpful to visually backtest some setups. So that's really the reason why I use the non-repainting version.

I'm looking forward to this week, we'll see how the EURUSD short works out. It bounced off the red trendline last friday.
Attached Image (click to enlarge)
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  • #311
  • Oct 14, 2013 4:19am Oct 14, 2013 4:19am
I would like to have the Indicator that plot on the screen the HL , HH, LL, LH if somebody have it.

Thanks in advance.
Master Your Setup, Master Your self. (NQoos)
  • #312
  • Oct 14, 2013 4:48am Oct 14, 2013 4:48am
Bass - Don't know how to post indi's in here but if you google SangmaneHL you will find it.
  • #313
  • Oct 14, 2013 5:03am Oct 14, 2013 5:03am
Quoting handy148
Bass - Don't know how to post indi's in here but if you google SangmaneHL you will find it.
Click relpy to thread and then upload from computer > navigate your mt4 Folder > and then indicators folder > choose the file > and then > OK.
Anyway i just downloaded it so its no need, thankx.
Attached Image (click to enlarge)
Click to Enlarge Name: upload anything.png Size: 77 KB
Master Your Setup, Master Your self. (NQoos)
  • #314
  • Edited 6:35am Oct 16, 2013 2:23am | Edited 6:35am
As always, quality research and readings.
Things That Make You Go Hmmm...
Markets Are Up And The Debt Ceiling Is Hours Away
Futures Are Rising As Debt Ceiling Finish Line Finally Comes Into View
Meet The 17-Year-Old Trader Who Knows Global Macro Markets Like A Veteran
Warren Buffett Surprised The Most Powerful Women In The World Last Night With A Song
WARREN BUFFETT: Washington Has Turned The Debt Ceiling Into A 'Political Weapon Of Mass Destruction'
A Deal To Raise The Debt Ceiling And Reopen The Government Is 'Back On Track' And 'Very Close'
Hedge Funds Are Shorting The Market Now More Than They Have All Year
UK Jobless Claims Plunge At The Sharpest Rate In 13 Years
Investors Should Stick To A Plan, Even When Volatility Punches Them In The Face Like Mike Tyson
10 Things You Need To Know Before The Opening Bell
Enjoy these good read.

Best,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: Ben Pile of $$$_fmt.jpeg Size: 102 KB
Master Your Setup, Master Your self. (NQoos)
  • #315
  • Edited 9:42am Oct 16, 2013 4:21am | Edited 9:42am
Hello, my name is Martin and i'm new in the forex. I saw an strategy y your post and I'd like to ask if you could help me?... What are indicators? could you please decirmielo or have a link where to get them? I saw the image au_d1_st.gif

Thank you very much and sorry for my English.

I wait your answer

thanks

Martin
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  • #316
  • Oct 16, 2013 6:09am Oct 16, 2013 6:09am
Quoting theprincipe
Hello, my name is Martin and i'm new in the forex. I saw an strategy y your post and I'd like to ask if you could help me?... What are indicators? could you please decirmielo or have a link where to get them? I saw the image au_d1_st.gif Thank you very much and sorry for my English. thanks {image}

This is the super trend Indicator, Google it.
Master Your Setup, Master Your self. (NQoos)
  • #317
  • Oct 16, 2013 9:14am Oct 16, 2013 9:14am
GAME ALMOST OVER: Boehner To Let The Senate Debt Ceiling Deal Come To The Floor
Master Your Setup, Master Your self. (NQoos)
  • #318
  • Oct 17, 2013 5:26am Oct 17, 2013 5:26am
We might have a trade coming up XAUUSD.
Im waiting for a retrace to the highlighted area to go long.

What do you think bassramy?
Attached Image (click to enlarge)
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  • #319
  • Oct 17, 2013 8:56am Oct 17, 2013 8:56am
Quoting Keyador
We might have a trade coming up XAUUSD. Im waiting for a retrace to the highlighted area to go long. What do you think bassramy? {image}

I Saw the Hammers (Pinbars) on important support both on the Silver and gold 2 days ago, covered my shorts and waiting for the descending trendline break to try and enter a long in this bear market, i don't like to trade against the trend, a break of the trendline + the last Lower high will grab my attention if it happens and i will be entering long on the retest of this broken HL or as i call it value area.

For the Moment the silver is rejected from his descending trendline so no trade unless like i said before but i can see a double bottom carving because the last LH was broken 4 days ago and PA retraced back to test the bottom one more time only to be rejected strongly with the formation of a Bullish pinbar (Hammer) on that rejected support.
I also caught the Dollar weakness and the risk currencies strength early yesterday, when all the world was selling the risk currencies and buying the Dollar i was doing the opposite cause i saw the Buck testing his LH and couldn't break it on the higher TF's pretty much before the announcement of a deal in Washington, now we are back of a taper speculation which as for the moment it doesn't seem that its happening in 2013.

I had a nice run and still holding long Indices ( S&P, Dow, Nikkei, Dax, NASDAQ and short CL Oil) even that the market showing a signs of exhausting today and that's normal after the last 3 weeks of yoyo Movement, thinking of scaling in and buying dips specially the Dax after a resistance break and the retest today.

Best,
B.R.
Attached Image(s) (click to enlarge)
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Master Your Setup, Master Your self. (NQoos)
  • #320
  • Oct 17, 2013 9:54am Oct 17, 2013 9:54am
The "deal" in the US brought us also US$ rocket to the downside. Wow, EU, GU, AU.... everything went sky high.

And it brought us back well over h4 and to d1 upper band. With regards to history, we are in strong resistance levels, but the move up was incredible. Any thoughts with regards to how to read this in ETMATE?



BR
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