Trading Made Simple for Day Charts

Quoting Britpip7

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Greeting folks - I am in the middle of a hectic work schedule, so no posting for a few weeks. Still trading and testing - still doing well and no changes to the chart layouts / indicators, which is usually a sign that the methodology has held up well. The only change that I can see is that I am not using the RSI 10 so much and I am using the Day MACD for confirmation on the day trend direction, although the Day EMA7 shows everything you need to know. I now add notes to each of my charts so that I have a history / journal to look back on - if you...

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Quoting Buttonjock

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{quote} Hi Brit Just wondering what it is you look for the day MACD to be doing for trend confirmation? Thanks

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Quoting Britpip7

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Here's another example of the MACD flattening and then reversing, then a zone is set and finally PA leaves the Zone If you watch where PA is heading on H4, on 12/5 the TDI cross confirms the direction change and then on 12/6, the Day APB changes colour which is when the new Demand Zone is being set - Entry point could be taken on H4 on 12/6 at the start of the Asian session which was prior to NFP, or after that as PA continues to rise {image}

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Quoting Buttonjock

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{quote} Thanks Brit, two more questions. The CCI 14 , is that looked at as an oversold/overbought or a cross for the MACD? What's the blue line on the TMS?

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Quoting kingclarence

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I took the following four trades yesterday.Waiting on todays candle at 5 to see how i will proceed +33.8 {image} +121.3 {image} -9.3 {image} +7.2 {image} ****NOTE****.............i posted this and right after i noticed these pictures are as of today.I cant post the enrty pictures form yesterday because of format issues but i will from now on

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Quoting Britpip7

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{quote} For the CCI 14, I am testing it with the MACD. Currently the initial results seem to support the theory that when MACD is stalling on a long position and then starts to decrease, CCI will reduce and cross the +100. This is an early warning of price reversal and time to either close the long positions or at least bring the SL up to most recent H4 Fractal Low. There are occasions where this will only result in a price stall and then consolidation. EU is looking promising - hence the pending short sell. Opposite for Short positions Blue line...

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Quoting Britpip7

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{quote} just a comment on CCI - I first saw the +100 and -100 CCI 14 cross while surfing Forexcube posts - http://www.forexfactory.com/showthre...09#post5398609 He averages several hundred pips each day and ws trading a lot on lower timeframes as well as taking multiple positions on longer timeframes - worth a look for how he runs with CCI.

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Quoting Britpip7

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when you are all done with your chart analysis, it is always fun to read the news. See how the MS viewpoint compares with your analysis - but then realize that they are betting on both sides of the coin here with their short term long and their medium term short! Morgan Stanley reversed its bets on EUR/USD in its short-term macro portfolio from short to long. MS exited its EUR/USD long from 1.3800 on a small profit and entered long from 1.3730, with...

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Quoting Britpip7

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ecad and gcad have a similar look and feel ecad has set up a Supply Zone and has had a cand;e cross and close below EMA7, so tie this in with the TDI crossing from the 68 zone and the current MACD direction with the CCI crossing below the +100 and this is looking promising ATR7 is currently 85, and with the recent swing high, the SL should be no less than 1.4750 100pips until PA reaches one of the Weekly S/R levels and this was a recent strong resistance, so PA may well pause at this level before making the next move. gcad on the other hand has...

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Quoting Buttonjock

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{quote} I was quite liking this gcad until it turned round and took out my stop

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