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  • #6,181
  • Apr 7, 2014 3:03am Apr 7, 2014 3:03am
HI alien, how would you rate the scenarios where we have strong RSIOMA on higher TF's, but no ADX expansion but we have DS trades on lower TF's and strong RSIOMA and ADX expansion ??

thank you in advance ...
  • #6,182
  • Apr 7, 2014 4:45am Apr 7, 2014 4:45am
AUDCHF - DS - H1 !
  • #6,183
  • Apr 7, 2014 5:53am Apr 7, 2014 5:53am
Quoting forexalien
EU H1 DS trade {image}
At this moment, is DS trade still valid?
  • #6,184
  • Apr 7, 2014 5:54am Apr 7, 2014 5:54am
hello everyone!
tired of been a lurker on this thread that i have been following for a long time :-)
i have one question: could someone recommend what are the best pairs to follow because of
my daily job i can't be at pc all the time? .. or just look for volatile pairs (http://fxtrade.oanda.com/analysis/currency-volatility)
regards,
branimir
  • #6,185
  • Apr 7, 2014 5:58am Apr 7, 2014 5:58am
EUR/USD M5 DS trade long just completed.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5.png Size: 112 KB
Per aspera ad astra
  • #6,186
  • Apr 7, 2014 6:21am Apr 7, 2014 6:21am
Quoting FX MiG
{quote} At this moment, is DS trade still valid?
It seems void now that RSIOMA has crossed over 50, EUR seems pretty strong actually here.
  • #6,187
  • Apr 7, 2014 6:43am Apr 7, 2014 6:43am
Quoting forexalien
EU H1 DS trade {image}
As good as this trade looked , the DS never crossed down, so wait for the cross and make sure the RSIoma is in the 20 or 80 area......................
Attached Image (click to enlarge)
Click to Enlarge Name: eu 1h.JPG Size: 83 KB
The More You Learn, The More You Earn.....
  • #6,188
  • Apr 7, 2014 6:50am Apr 7, 2014 6:50am
Quoting driven18
{quote} Can we call it a DS trade setup if Green Sto did not yet rise over 50 to come back below 50 to confirm the entry short?
Good question !

I will have to back test that.

I normally don't look at the green sto on the DS trade, I just look for separation and the cross back to the RSIoma.

One or the other come back to each other normally, it either works with the DS cross over, or the RSIoma fails by coming out of the 20 or 80 area...........

So we need to wait for confirmation of one or the other and not jump in too early............
The More You Learn, The More You Earn.....
  • #6,189
  • Apr 7, 2014 6:52am Apr 7, 2014 6:52am
Quoting FX MiG
{quote} At this moment, is DS trade still valid?
No.......
The More You Learn, The More You Earn.....
  • #6,190
  • Apr 7, 2014 6:57am Apr 7, 2014 6:57am
Quoting Gothamcity
HI alien, how would you rate the scenarios where we have strong RSIOMA on higher TF's, but no ADX expansion but we have DS trades on lower TF's and strong RSIOMA and ADX expansion ?? thank you in advance ...
Example : H4 RSIoma is above 50 and pointing up............no adx yet

M1,M5,M15 are starting to show signs of ADX expansion long, and RSIoma going above 50 and then 80, this could be the start of a longer move on the H4, so you could get in.

TIP: when the RSIoma is above 80 or below 20, price normally is in a strong trending move until it crosses back out of those areas...........so game on for that TF or TF's..........
The More You Learn, The More You Earn.....
  • #6,191
  • Apr 7, 2014 7:03am Apr 7, 2014 7:03am
Quoting bborovac
hello everyone! tired of been a lurker on this thread that i have been following for a long time :-) i have one question: could someone recommend what are the best pairs to follow because of my daily job i can't be at pc all the time? .. or just look for volatile pairs (http://fxtrade.oanda.com/analysis/currency-volatility) regards, branimir
Hello bborovac, Find Trending pairs on larger TF's, Fast is Fragile, and Slow is Steady..............not sure volatile pairs while you are at work are safe , unless you get the signals down to a science............
The More You Learn, The More You Earn.....
  • #6,192
  • Apr 7, 2014 7:14am Apr 7, 2014 7:14am
Quoting forexalien
{quote} Hello bborovac, Find Trending pairs on larger TF's, Fast is Fragile, and Slow is Steady..............not sure volatile pairs while you are at work are safe , unless you get the signals down to a science............

thanks forexalien!
will try with H4 and look down for enter points...
although i have a feeling that all trades are "passing by" me :-)
  • #6,193
  • Apr 7, 2014 7:39am Apr 7, 2014 7:39am
Quoting forexalien
{quote} I don't use stops , but humans learning should use 100 pips to give the market room to move........ TP is where the ADX starts powering down and where ever the market looks to be reaching a wave top or bottom. use the green sto for finding wave tops and bottoms....... SL and TP have to do with one's trading style, the TF they are trading on, and account size , so to give you an exact answer would be incorrect for most........
thanx for your reply just wondering whats the minimum TP you already use since you start trading your system ?
  • #6,194
  • Apr 7, 2014 8:27am Apr 7, 2014 8:27am
Quoting forexalien
{quote} Yes the Monthly black sto 8,3,3 is moving long. we have talked about the weekly showing divergence long........... I see you have the M15 on with the Month and Week, Don't forget to look at the other TF's in between..........Daily is long and nearing a top..........H4 is long , H1 is long , and a DS trade on the M15 setting up long. Thanks for posting ............!
Thanks for comments.
I could not take this trade, but seems like it was not perfectly aligned.
As you have pointed, I better look for the TF closer while taking a trade
  • #6,195
  • Apr 7, 2014 2:18pm Apr 7, 2014 2:18pm
forexalien I am about 100pips in profit on usdjpy shorts, but H1 and H4 are still short, Daily long (ADX power), Weekly long.

We have some big news on JPY in 8 hours so kinda maybe greedy here...

My USDCAD longs are suffering here, only Weekly is long...

Your thoughts on these two?
  • #6,196
  • Apr 7, 2014 3:24pm Apr 7, 2014 3:24pm
Quoting letterB
forexalien I am about 100pips in profit on usdjpy shorts, but H1 and H4 are still short, Daily long (ADX power), Weekly long. We have some big news on JPY in 8 hours so kinda maybe greedy here... My USDCAD longs are suffering here, only Weekly is long... Your thoughts on these two?
togive my 5 cents

the h4 looks like it has got potential to go down especialy at the stos but daily looks long withsome kind of ADXcompression, often you have got mixed signals before important news

heres the daily view h1looks like down but this could egalizeovernight sorry for limited indicators

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 184 KB
  • #6,197
  • Apr 7, 2014 6:19pm Apr 7, 2014 6:19pm
Quoting bborovac
{quote} thanks forexalien! will try with H4 and look down for enter points... although i have a feeling that all trades are "passing by" me :-)
Keep an eye on the daily direction also and trade that direction, then if a trade gets away from you , it will rebound back to the daily trend most times.........
The More You Learn, The More You Earn.....
  • #6,198
  • Apr 7, 2014 6:22pm Apr 7, 2014 6:22pm
Quoting Forexbuster
{quote} thanx for your reply just wondering whats the minimum TP you already use since you start trading your system ?
I don't really have a minimum TP, it all depends on the TF you are trading , if you are looking at m5, m15 with little adx expansion - 10 -20 pips , with adx expansion maybe 30 to 50 pips , if a full blown adx on a H1 , maybe 135 pips or more........... only if you ride it out till the 89 or 144 turns back down.........
The More You Learn, The More You Earn.....
  • #6,199
  • Apr 7, 2014 6:31pm Apr 7, 2014 6:31pm
Quoting letterB
forexalien I am about 100pips in profit on usdjpy shorts, but H1 and H4 are still short, Daily long (ADX power), Weekly long. We have some big news on JPY in 8 hours so kinda maybe greedy here... My USDCAD longs are suffering here, only Weekly is long... Your thoughts on these two?
UJ - daily is long , but having a retrace at the moment, H4 still shows short, H1 is mixed and may have a DS trade sell, put a 50 pip profit SL on your trade and continue to watch it. or take profit and say trade over and wait for a H4 bottom to go long again...............

USDCAD - Daily short, H4 nearing a bottom to go long again, how far , I am not sure , maybe 70 - 100 pips.........., could be more if we get good info in the future.
The More You Learn, The More You Earn.....
  • #6,200
  • Apr 7, 2014 6:33pm Apr 7, 2014 6:33pm
Quoting rukiver
{quote} togive my 5 cents the h4 looks like it has got potential to go down especialy at the stos but daily looks long withsome kind of ADXcompression, often you have got mixed signals before important news heres the daily view h1looks like down but this could egalizeovernight sorry for limited indicators {image}
I like 5 cents.............X a million...............
The More You Learn, The More You Earn.....
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