hi Hmaoui,
which pairs you are always observing, which are on your list - perhaps top down ..thanks
which pairs you are always observing, which are on your list - perhaps top down ..thanks
A "new" simple system based on MA
- #1,122
- Nov 23, 2013 4:12am Nov 23, 2013 4:12am
Hi opips,
i find it in the ten rulez
i find it in the ten rulez
I focus on GBP/USD, GBP/JPY, EUR/USD, EUR/JPY, AUD/USD, USD/CAD.
hi Hmaoui, which pairs you are always observing, which are on your list - perhaps top down ..thanks
- #1,123
- Nov 23, 2013 5:37am Nov 23, 2013 5:37am
You both helped me a lot, thank You. I will follow these advices, and we'll see, what happens. (i hope, i'll hunting elefants 
)
@opips, i understand the way to analaize the market before trading. There are some new viewpoints what i not used to know before.
Some technical questions: i have a problem with pivots: where you gets these datas. I have indicators, but the printed values are difference from what i find on the web, for example from the http://www.dailyfx.com/technical_analysis/pivot_points points. You check these manualy or have some working program for these. I thing it comes from the difference of server time and broker time, but i can't set it correctly.
And technically how you analyze the ranges? Visually or use some tools?
Thank You for the aussi examples; yes, i understand, what You like to show me!
@hmaoui: i understand, no secret keys, no holy grail. The process is the important, so i try to belive in my analysis and follow it. I must change my attitue. When i started to trade, i wanted to make good money, the good trade was secondary, and it is a fault, and important to know this for all newbies! (like me)
)@opips, i understand the way to analaize the market before trading. There are some new viewpoints what i not used to know before.
Some technical questions: i have a problem with pivots: where you gets these datas. I have indicators, but the printed values are difference from what i find on the web, for example from the http://www.dailyfx.com/technical_analysis/pivot_points points. You check these manualy or have some working program for these. I thing it comes from the difference of server time and broker time, but i can't set it correctly.
And technically how you analyze the ranges? Visually or use some tools?
Thank You for the aussi examples; yes, i understand, what You like to show me!
@hmaoui: i understand, no secret keys, no holy grail. The process is the important, so i try to belive in my analysis and follow it. I must change my attitue. When i started to trade, i wanted to make good money, the good trade was secondary, and it is a fault, and important to know this for all newbies! (like me)
- #1,124
- Nov 23, 2013 10:11am Nov 23, 2013 10:11am
@bowforex
thanks, he said it some times before - have forgotten it.
pivot: you are rigth, the problem in forex is the time of your broker, because of that depends the pivot. I have for showing and testing icmarkets, using NY time. My broker in the moment have different time and before was RBS(different time to), but they closed. Have to look and test for a new one.
The most take the london or the new york time - 1 hour difference and normally not as much the pivots. Don't take it always exactly, more in a range, like support and resitance.
I use this indicator for pivots and the other i wrote for ranges and distance from an EMA(bubble, reversal).
Pivot indicator, where you can change your starting point/time, depending to the time of your broker.
Average range indicator: 2 timeframes(i use 5days and 5 weeks ATR), how many % used of this ATR, and how many pips used and the absolut ATR5 of day/week. The next number is from yourself, where you think a reversal will start or a bubble depending to a MA for the pair. Next number, how many pips you are under/above this MA.
Example the aussi: when i see a number of 110%, i am skeptical, that there will be so much power more(without special news)...looking more for reversal. Week, if we have at the friday or thursday only 40/50% of the normal ATR Week 5, then i expect more in one direction(HL)
The other one is a multiple timeframe RSI indicator colored(>50 green, < red, like we need for the pullback). You can have 3 or more in one indictor window. I have the 1hour, 15M and current timeframe in. So if i see my multitimeframe guppy from H1 and M15 down, and m5 up or LT down, but RSI from all in green, means pullback in a downtrend....great signal for me
or i take different setups from H1 or M15. Hmaoui had shown even a H1 system...i use it more or less too.(M5, M15 and H1 trading setup i trade). It is like hmaoui use the 21 and 5, if you take for the M5 the upper timeframes like M15 and H1.
ciao, have a nice weekend
hope i could help you and give some part, what i learned here from hmaoui and other threads, to others. Remember, you give and you will get in the world back, your karma, and your day/the world ...our world will be happier
BUT, this doesn't help you with your emotions or discipline, if you don't get both in the correct way - like i still have to fight with myself and learn
- the technical stuff will NOT help you!!! You will destroy your account
thanks, he said it some times before - have forgotten it.
pivot: you are rigth, the problem in forex is the time of your broker, because of that depends the pivot. I have for showing and testing icmarkets, using NY time. My broker in the moment have different time and before was RBS(different time to), but they closed. Have to look and test for a new one.
The most take the london or the new york time - 1 hour difference and normally not as much the pivots. Don't take it always exactly, more in a range, like support and resitance.
I use this indicator for pivots and the other i wrote for ranges and distance from an EMA(bubble, reversal).
Pivot indicator, where you can change your starting point/time, depending to the time of your broker.
Average range indicator: 2 timeframes(i use 5days and 5 weeks ATR), how many % used of this ATR, and how many pips used and the absolut ATR5 of day/week. The next number is from yourself, where you think a reversal will start or a bubble depending to a MA for the pair. Next number, how many pips you are under/above this MA.
Example the aussi: when i see a number of 110%, i am skeptical, that there will be so much power more(without special news)...looking more for reversal. Week, if we have at the friday or thursday only 40/50% of the normal ATR Week 5, then i expect more in one direction(HL)
The other one is a multiple timeframe RSI indicator colored(>50 green, < red, like we need for the pullback). You can have 3 or more in one indictor window. I have the 1hour, 15M and current timeframe in. So if i see my multitimeframe guppy from H1 and M15 down, and m5 up or LT down, but RSI from all in green, means pullback in a downtrend....great signal for me
or i take different setups from H1 or M15. Hmaoui had shown even a H1 system...i use it more or less too.(M5, M15 and H1 trading setup i trade). It is like hmaoui use the 21 and 5, if you take for the M5 the upper timeframes like M15 and H1.ciao, have a nice weekend
hope i could help you and give some part, what i learned here from hmaoui and other threads, to others. Remember, you give and you will get in the world back, your karma, and your day/the world ...our world will be happier
BUT, this doesn't help you with your emotions or discipline, if you don't get both in the correct way - like i still have to fight with myself and learn
- the technical stuff will NOT help you!!! You will destroy your account 
- #1,133
- Nov 26, 2013 3:51am Nov 26, 2013 3:51am
Yes, You're right, i'll be most patient...
Uh, what a nice trend on AU! Why can't i show it?
Uh, what a nice trend on AU! Why can't i show it?
{quote} Hi Bowforex. That's the price to learn ! You will make mistakes before completely mastering the system. And also, I think that it is a psychological pb : you may be not patient enough. That's a common psychological bias you have to fight.
