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The 3-plan

  • #61
  • Nov 28, 2013 8:20am Nov 28, 2013 8:20am
Quoting altoronto
Hi EURUSDD, since I am renko fan so applied your strategy on 3-pip renko chart, can you confirm if I correctly marked valid Sell zones? Thank you in advance. {image}
Hi Alt,
I'm a RENKO fan too. just need some more resources to go back to trading it. like what you did with the Stoch on the Chart.
I think you could add 10, 100, & 90 to the vertical lines on the Stoch to aid identifying the extreme values on the indicator window. just a suggestion.
Let it turn and find your entry.
  • #62
  • Dec 3, 2013 11:23am Dec 3, 2013 11:23am
I think someone was using Renko in the Similarity thread but didn't post any results. Anyhow, anything EURUSDD is willing to show, I am interested. I have been using the cycle indicator (Similarity thread) along with my volume analysis to consistently make profits, so His theory is not just theory for me.
  • #63
  • Dec 3, 2013 11:28am Dec 3, 2013 11:28am
Ok. Now is the time to move this thread. All analysis will be eurusd. for any trade plan, 10pips will be the stop-loss. We cannot fail three times in a row.
  • #64
  • Dec 3, 2013 11:29am Dec 3, 2013 11:29am
Quoting Intrepidpips
LIVE TRADE I saw an opportunity it was not perfect but I just could not wait and report it after some others would have enjoyed the pips. Saw GBPUSD 1EMA and Stoch out of synch and seeing a major resistance had been broken and the average daily range had not yet been breached, it was a great opportunity to buy once price fails to fall below the 1.63000 resistance confirming as support. Made my entry SL 12 pips, TP 25 pips BE @ 10 pips and Voila! {image}
haha
  • #65
  • Dec 3, 2013 11:33am Dec 3, 2013 11:33am
THIS MOVE in eurusd was supported by the three plan nicely. Waiting for the next one.
  • #66
  • Dec 3, 2013 11:40am Dec 3, 2013 11:40am
The best time to check this thread is +/- 10 mins to the close/beginning of an hour-bar!!!!
  • #67
  • Dec 3, 2013 11:48am Dec 3, 2013 11:48am
Selling is only valid if price closes below 1.35895
  • #68
  • Dec 3, 2013 11:50am Dec 3, 2013 11:50am
I will tune in this thread. Good Work EurusDD
That which does not kill us makes us stronger
  • #69
  • Dec 3, 2013 11:56am Dec 3, 2013 11:56am
Anyone is allowed to post anything here. However the condition is simple. it should be centered around the level that I give! Thank you. Or, it should be based on the 3-plan. A strategy that does not fail three times in a row about 90% of the time
  • #70
  • Dec 3, 2013 12:02pm Dec 3, 2013 12:02pm
The new 1hr candle and the new 4hr candle just started. 1hr : closed below 1.35897/57 is necessary for bears. So, if the bar does not close below that: be careful selling!!!
  • #71
  • Dec 3, 2013 12:04pm Dec 3, 2013 12:04pm
There is no-clear direction right now. However, we know where price must close for bears!!!! A tthis moment, it is safe to say that eurusd could be heading into a sell, in the near future. Just watch that level.

However, at the end of the NEXT 28HRS, EURUSD will close above 1.35499 (50pips) from her current price.
  • #72
  • Dec 3, 2013 12:14pm Dec 3, 2013 12:14pm
That is Wednesday 10pm gmt!!!!
  • #73
  • Dec 3, 2013 12:25pm Dec 3, 2013 12:25pm
Please note that not all 1hr bars give a valid number to watch. Therefore, if you check +/- 10mins at the birth of a 1hr bar and there is no post, it is likely that there is no valid number for that moment.
  • #74
  • Dec 3, 2013 12:56pm Dec 3, 2013 12:56pm
WHERE EURUSD closes relative to certain prices is a signal to other bulls/bears. You need to know this!
  • #75
  • Dec 3, 2013 1:01pm Dec 3, 2013 1:01pm
EURUSD failed to close below 1.35895. Therefore, bulls are still in control but their sustaining power is now around 30%. So, they will try the top again but they may not sustain the up for long if it is not a spike.
  • #76
  • Dec 3, 2013 1:06pm Dec 3, 2013 1:06pm
Quoting Eurusdd
{quote} For the ordinary trader, I am sorry he/she will have to search for the right value manually. Furthermore, it may advisable to use the bar-chart in the background and let the 1EMA be in the foreground.
And what do you recommend for the advanced trader? I would imagine that the best/easiest method would be to extract the last x bars and calculate the 1 EMA value. Then calculate a range of stoch for the same bars eg stoch 900 to stock 1200, then for each stoch perform a correlation test to calculate which stoch has the best correlation.

This is simple enough, now to try to understand the rest....
  • #77
  • Dec 3, 2013 2:08pm Dec 3, 2013 2:08pm
following with interest. been looking at your threads since yesterday wondering if the DNA sequencing could be applied to the cycles i use (yes, i am a gator copycat). been looking into neural networks for this but the sequencing could also be an interesting add-on to increase hit rate. the problem is that will surely be a shitload of work and i am doubtful i will have the time necessary.

green pips to u all.
dreams do come true.
  • #78
  • Dec 3, 2013 4:27pm Dec 3, 2013 4:27pm
Great to see you so active Eurusdd, keep the omega rolling!
Best time to plant a tree was 20 years ago, second best is now
  • #79
  • Dec 3, 2013 4:57pm Dec 3, 2013 4:57pm
do different timeframes require different stoch settings?

thank you.
dreams do come true.
  • #80
  • Dec 3, 2013 5:08pm Dec 3, 2013 5:08pm
Quoting wannaberich
do different timeframes require different stoch settings? thank you.
Yes. You must keep up with price dynamically. A value for stoch may work for 5 hrs or 1 week and the fail. The moment it failed, another will be in perfect sync. That should give you a massive edge.
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