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  • #2,221
  • Jan 20, 2014 11:21pm Jan 20, 2014 11:21pm
I have feeling around Wednesday we might see AUDCAD coming short for a long term trade
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD.PNG Size: 122 KB
Maintain a positive attitude no matter how much you lose!
  • #2,222
  • Jan 20, 2014 11:52pm Jan 20, 2014 11:52pm
Another one is EURUSD:
Daily and H4 are coming down but might have found it's bottom with DD stochastic and RSIOMA
H1 is on its journey to the "down " side.
There is BB squeeze on H1, M15 and M5 at the moment...
IMO, wait for lower time frame and ADX expansion for "short entry"

Also... keep in mind there is "HIGH impact" NEWS coming in 4 hours
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.PNG Size: 120 KB
Maintain a positive attitude no matter how much you lose!
  • #2,223
  • Jan 21, 2014 12:41am Jan 21, 2014 12:41am
Quoting jbegic
Also... keep in mind there is "HIGH impact" NEWS coming in 4 hours {image}
Thanks for remind us, jbegic..
I'm sure a lot us waiting to pull trigger ... shorting EU
i worshipped... Momentum
  • #2,224
  • Edited 1:26am Jan 21, 2014 12:59am | Edited 1:26am
Quoting jbegic
If everything lines up, I think we might have EURAUD coming short soon on 15 min chart... Maybe for quick scalp?? {image}
[Edit: woops wrong pair for what you mentioned.....sorry...mmm there I go posting and trading and again... any way here's my EA analysis... lol]
Yes...EA from top down...
D1 Long Falling Momentum, Setting up for DS Long...
H4 Short - Retrace mode (RSIOMA still above but 50 pointing down) Increasing momentum, possible DS Long setting up
H1 Short, Falling Momentum
M15 DS Short setting up with BBSqueeze...

H1 and H4 not perfectly aligned but looking for H4 (with its potential DS long) and H1 to make a bottom (H1 with a divergence perhaps [edit: or LTF divergence]). So I'm looking at shorts until then. But this pair has gone nowhere on H1 for a while - PA is very flat on the chart, long slow drift down....
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-01-21_1803_EA_Chart.png Size: 75 KB
  • #2,225
  • Jan 21, 2014 1:21am Jan 21, 2014 1:21am
I think we should be able to collect few nice pips with AUDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.PNG Size: 204 KB
Maintain a positive attitude no matter how much you lose!
  • #2,226
  • Jan 21, 2014 1:34am Jan 21, 2014 1:34am
Quoting occamsrazors
[Edit: woops wrong pair for what you mentioned.....sorry...mmm there I go posting and trading and again... any way here's my EA analysis... lol] Yes...EA from top down... D1 Long Falling Momentum, Setting up for DS Long... H4 Short - Retrace mode (RSIOMA still above but 50 pointing down) Increasing momentum, possible DS Long setting up H1 Short, Falling Momentum M15 DS Short setting up with BBSqueeze... H1 and H4 not perfectly aligned but looking for H4 (with its potential DS long) and H1 to make a bottom (H1 with a divergence perhaps [edit: or...
occamsrazors, what settings do you have for bbsqueeze?
I was using default but yours is not the same as mine... I have also noticed that rglenn is using different settings (mentioned here)?
Maintain a positive attitude no matter how much you lose!
  • #2,227
  • Jan 21, 2014 1:37am Jan 21, 2014 1:37am
Quoting jbegic
I think we should be able to collect few nice pips with AUDUSD {image}
Which way do you think jbegic ? H4 is short with BBSqueeze but could be setting up DS short, so may retrace up somewhat. H1 is long with BBSqueeze, M15 is long with BBSQ and DS. Lower TFS are long but higher are short...
  • #2,228
  • Jan 21, 2014 1:39am Jan 21, 2014 1:39am
Quoting jbegic
{quote} occamsrazors, what settings do you have for bbsqueeze? I was using default but is not the same as mine... I have also noticed that rglenn is using different settings (mentioned here)?
I use squeeze light and I left mine as default (I didn't change to RGlenns settings ..)

bolPRd 20
bolDev2.0
kelt 20
keltFactor 1.5
  • #2,229
  • Jan 21, 2014 1:45am Jan 21, 2014 1:45am
Quoting occamsrazors
Which way do you think jbegic ? H4 is short with BBSqueeze but could be setting up DS short, so may retrace up somewhat. H1 is long with BBSqueeze sd str M15. Lower TFS are long but higher are short...
I was thinking long for some scalping opportunities but green stochastics is falling down from 50% mark
Maintain a positive attitude no matter how much you lose!
  • #2,230
  • Jan 21, 2014 1:46am Jan 21, 2014 1:46am
Quoting occamsrazors
{quote} Which way do you think jbegic ? H4 is short with BBSqueeze but could be setting up DS short, so may retrace up somewhat. H1 is long with BBSqueeze, M15 is long with BBSQ and DS. Lower TFS are long but higher are short...
Also AU M15 RSIOMA and Green stoch divergence short now...back to HTF trend...
  • #2,231
  • Jan 21, 2014 1:55am Jan 21, 2014 1:55am
Quoting occamsrazors
{quote} [Edit: woops wrong pair for what you mentioned.....sorry...mmm there I go posting and trading and again... any way here's my EA analysis... lol] Yes...EA from top down... D1 Long Falling Momentum, Setting up for DS Long... H4 Short - Retrace mode (RSIOMA still above but 50 pointing down) Increasing momentum, possible DS Long setting up H1 Short, Falling Momentum M15 DS Short setting up with BBSqueeze... H1 and H4 not perfectly aligned but looking for H4 (with its potential DS long) and H1 to make a bottom (H1 with a divergence perhaps [edit:...
Speak of the devil...EA M15 Green Stoch divergence long
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-01-21_1852_EA_M15_divergence.png Size: 49 KB
  • #2,232
  • Jan 21, 2014 2:01am Jan 21, 2014 2:01am
Just a word of warning folks....if you are taking long term trades make sure the 4hr time frame has bottomed and Rsioma is pointing up for long trades and the opposite for short trades as this time frame is very powerful when it moves. I have learned this in to my cost in the past and Alien has mentioned this time frame many times when he talks about setups and continuing trends.
With God its impossible to lose
  • #2,233
  • Jan 21, 2014 2:10am Jan 21, 2014 2:10am
It is also good to know that If it is a strong move up or down that only the DS will cycle up or down on the 4hr time for retracement so when it bottoms or tops we just need to make sure that the Rsioma is pointing in our trade direction
With God its impossible to lose
  • #2,234
  • Jan 21, 2014 2:16am Jan 21, 2014 2:16am
In this Euraud example we can see the DS still cycling down on the 4hr time frame with the Rsioma starting to turn back up. We need to wait a bit longer and also check the lower time frames to come in line with our expectation of a move long and of course not forgetting our ADX momentum indicator
Attached Image (click to enlarge)
Click to Enlarge Name: euraudh4.png Size: 79 KB
With God its impossible to lose
  • #2,235
  • Jan 21, 2014 2:26am Jan 21, 2014 2:26am
What's happen to our teacher lately he seems to be spending more time in space with all the money he is making. Anyway I better take a back seat now as I don't want to drive him away....
Attached Image
With God its impossible to lose
  • #2,236
  • Jan 21, 2014 3:31am Jan 21, 2014 3:31am
gbp/cad

had bollinger band breakout a few hours ago.

ADX : on m15 h1 are organized and expanding //// h4 and d1 adx7 is pointing up now.

green sto : h1 and h4 >50
RSIOMA : h1 and h4 >80

I got in long 1.8030 stops below yesterday's low. should be a good ride up.
  • #2,237
  • Jan 21, 2014 4:00am Jan 21, 2014 4:00am
Quoting jpadvisor
{quote} Hi, Richcom, you have a nice trade station and setup. The most interesting is the black window with the currency relative strength. May I ask you which are the indi you use for that? It's useful to have in a separate window such informations and then going to the most interesting pairs. Thanks.
Hi jpadvisor,

that black window with currency relative strength is build from 3 indicators. You can find whole thread, theory and indicators here:
http://www.forexfactory.com/showthread.php?t=300750
and there:
http://www.forexfactory.com/showthread.php?t=109599

Yes, that can give you some directions, but Alien extraterrestrial system can show you the same or even more. That's only my bad, old habit to keep it still on screens.

[Sorry Alien - don't want to mess with you brilliant thread here - just answering question]
Knowledge is power, community is strength, positive attitude is everything.
  • #2,238
  • Edited 7:06am Jan 21, 2014 6:06am | Edited 7:06am
Hi Hi Alien

I'm interested in your analysis of this setup on the GJ today. Here is what I saw...

All TFs had long RSIOMAs from W1 down (first time I've noticed that by the way), the D1 is setting up for a DS long but is sometime away, so this could mean a down retrace move sometime)
H4 had exited BBSqueeze long ADX expanding
H1 was long (but topping?), ADX?
M15 had DS long with Green stoch turning up with ADX expanding and 89 and 144 open and exited BBSqueeze long.
M5 was long, ADX expanding
M1 exited BBSqueeze and went long (green stoch got pulled up as PA went long). The M1 ADXs expanded nicely 2 minutes after this screenshot of my entry.

The only sign of doubt was an M15 Green Stoch divergence (yellow line) on previous high

Also it was trading into a H4 level (separate chart) but I think I remember you saying you don't draw levels/demand/supply zones on your charts. I would normally be wary of trading into a zone like this but everything above said a long entry according to my analysis and I'm wondering how you would handle this?

PA went up 17 pips from entry at 172.02 and then reversed back down 40 pips right through 171.00 to 171.83 [update: PA eventually reversed 60 pips]

I'm just wondering if there was anything I missed in this analysis. My SL was just below the 171.00 level which got taken out. Should I have taken into more consideration the M15 green stoch divergence and the H4 supply zone and moved more quickly to BE? I was expecting a bigger move given the alignment of the RSIOMAs...Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-01-21_2135_GJ_M15_sling_with_M5_sling_-_all_TFS_long.png Size: 132 KB
Attached Image
  • #2,239
  • Jan 21, 2014 6:56am Jan 21, 2014 6:56am
Quoting rglenn
In this Euraud example we can see the DS still cycling down on the 4hr time frame with the Rsioma starting to turn back up. We need to wait a bit longer and also check the lower time frames to come in line with our expectation of a move long and of course not forgetting our ADX momentum indicator {image}
You beat me to that post, I am glad I read yours first..............Thanks
The More You Learn, The More You Earn.....
  • #2,240
  • Jan 21, 2014 7:07am Jan 21, 2014 7:07am
TIP : When markets have been moving sideways and you don't see much in the way of opportunities. Please learn to sit on your hands...........

Below is a wedge example on the USDCAD H1, to where as all indicators are mixed and a true direction is not found yet.

Just wait for the wedge to complete and look for which team you want to be with...........RSIoma breaking 80 line and all stochastics long

M15 and M5 confirmed the trade entries...................with nice expansion of the adx
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cad ranging breakout.JPG Size: 265 KB
Click to Enlarge Name: cad m5.JPG Size: 246 KB
The More You Learn, The More You Earn.....
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