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  • #6,241
  • Apr 8, 2014 2:45pm Apr 8, 2014 2:45pm
Quoting dragos_
{quote} On the small TF agree. Though I would wait for stochastics to raise over 20 on H1 at least, to be safer. There is still ADX power on on H1-H4-Daily for Short, Daily is still looking down . One more note: The ATR on H1 seems to have topped,now going down. This means that we should expect ranging EURJPY, probably until high TF's (H1, H4) turn up - so it's still risky to take positions on EURJPY. My opinion.
correct,

the ADX 7 on the H1 was only taking a rest and will push power again when ready, this would have been seen on the M5 ...........
The More You Learn, The More You Earn.....
  • #6,242
  • Apr 8, 2014 2:51pm Apr 8, 2014 2:51pm
Quoting forexalien
{quote} and it did , what are your DS settings ? looks like you had an extra wiggle I did not have........ {image}
The same settings I have Oanda datafeed, not sure what the issue is, i do not have the warning option either, there must be another version.
  • #6,243
  • Apr 8, 2014 3:15pm Apr 8, 2014 3:15pm
Quoting letterB
Can that be real? Look at DS trade on 30min on a cross on EURUSD. Those DS trades are really powerful. http://screencast.com/t/pdaYVas7t
That was real.............as the DS falls away, price is resting as long as the RSIoma stays put over 80 or under 20,

you will also find on the M15 the RSIoma is over 80 and stays there, and the M5 had a few ds wait and goes trades.......
The More You Learn, The More You Earn.....
  • #6,244
  • Edited 4:49pm Apr 8, 2014 3:16pm | Edited 4:49pm
Dear all,

Talking about DS trades, I propose to summarize a bit what makes a successful DS trade - in the sense of what are the "ingredients" which if all are checked we may expect a sure trade (but without waiting too much and missing the trade). So that we have less and less discussions about DS trades breaking down.
I know that forexalien went through it already, have read the entire thread while it developed, but I would like if I may to refresh the topic.

To start, my understanding is that we should do the following checks (let's consider a Long DS trade):
- high distance between RSIOMA and DS (DS under 20 + RSIOMA over 50, OR DS around 20 even a bit above + RSIOMA over 80)
- DS cross
- 100 stochastic topping over 80 + (21 stochastic passing 50 first down then up, or preferably passing 20). Here I am not sure, because if 8 is over 50 I usually am afraid that it may retrace against me and don't do nothing then am sorry for seeing the trade developping without me
- ADX powering up, at least 7 and 21

Please feel free to participate by making your own summary if you will. My kind request is to put it into a single post, so that that is easily understood.

Best regards,
Dragos
  • #6,245
  • Apr 8, 2014 3:17pm Apr 8, 2014 3:17pm
Quoting MJBurgess91
{quote} Ahh thank-you pipinit, that was exactly the problem. Thanks for taking the time to reply.
Welcome MJBurgess91,........
The More You Learn, The More You Earn.....
  • #6,246
  • Apr 8, 2014 3:19pm Apr 8, 2014 3:19pm
Quoting longfellow
{quote} Unfortunately, they always look sweet after they've printed. They don't look so great when they break down and turn against you.
Correct , you should not get in early and see if it will follow through, larger TF's work better for this along with the RSioma pegged to the top or bottom..
The More You Learn, The More You Earn.....
  • #6,247
  • Apr 8, 2014 3:22pm Apr 8, 2014 3:22pm
Quoting tarco
{quote} The same settings I have Oanda datafeed, not sure what the issue is, i do not have the warning option either, there must be another version.
yes in the thread files someone made up the no warning version because it was driving us nuts with all the bells............
The More You Learn, The More You Earn.....
  • #6,248
  • Apr 8, 2014 3:51pm Apr 8, 2014 3:51pm
Quoting dragos_
...feel free to participate by making your own summary if you will. My kind request is to put it into a single post, so that that is easily understood.
I'll take you up on this. I use quite different methods on the DS trades apparently, would be interesting to see more people weigh in on this.1. I spot a DS distance on H1 or higher. distance 50 at least, RSIOMA at least above 60 (let's go for long example)2. Check if RSIOMA and 21+100 stoch are in uptrend on TF one level higher (ADX in this TF not strictly needed, but awesome if there)3. Check setup frame and one TF higher for divergences against the trade4. Once DDS crosses its signal line on the setup TF, i drop down one TF to check : 4a. green stoch above 50 and pointing up and RSIOMA pointing up OR green stoch pointing up and RSIOMA above 50 and pointing up4b. All 5 ADX powering upIf all those are there, I find it gives me an extremely safe entry. I can see why you use the lower ADX for these setups on the setup frame itself btw, by the time my conditions are filled, these are usually rising indeed.Let's hope more folks jump in, the more angles we get on this system the better for all of us.
The game taught me the game. And it didn't spare me the rod while teaching.
  • #6,249
  • Apr 8, 2014 3:55pm Apr 8, 2014 3:55pm
for some bloody reason chrome fails at keeping an organized format in my post, sorry for the headaches folks
The game taught me the game. And it didn't spare me the rod while teaching.
  • #6,250
  • Apr 8, 2014 4:33pm Apr 8, 2014 4:33pm
Quoting yaysayer
for some bloody reason chrome fails at keeping an organized format in my post, sorry for the headaches folks
More interested on the quality of content than on formatting
I believe you have a good point with the emphasis on checking the trend for RSIOMA and 21+100 stochs on higher level, and also for any divergences against us. Thanks
  • #6,251
  • Apr 8, 2014 4:38pm Apr 8, 2014 4:38pm
Quoting dragos_
{quote} More interested on the quality of content than on formatting I believe you have a good point with the emphasis on checking the trend for RSIOMA and 21+100 stochs on higher level, and also for any divergences against us. Thanks
Seems my 'automatic' windows updates have been failing for aages without signalling me, This disastrous editing on a new browser may have been a good thing after all lol
The game taught me the game. And it didn't spare me the rod while teaching.
  • #6,252
  • Apr 8, 2014 4:47pm Apr 8, 2014 4:47pm
As for the divergences : they have been ingrained in my trading for ages, and I'm very pleased to see how well they combine with this system. Some words of caution from my own experience though : below H1 they tend to become wildly unreliable, the rise or fall they predict may be much smaller than you anticipate from the stochs, RSIOMA seems to be more accurate but gives fewer signals (working on the last one, consider that unconfirmed for now). Also, I only use them as a warning against taking a trade, not as entry signals by themselves, allthough it is nice to have an extra confirmation if it is there.
The game taught me the game. And it didn't spare me the rod while teaching.
  • #6,253
  • Apr 8, 2014 5:13pm Apr 8, 2014 5:13pm
Quoting yaysayer
for some bloody reason chrome fails at keeping an organized format in my post, sorry for the headaches folks
Does double spacing work ?

I'll take you up on this. I use quite different methods on the DS trades apparently, would be interesting to see more people weigh in on this.

1. I spot a DS distance on H1 or higher. distance 50 at least, RSIOMA at least above 60 (let's go for long example)

2. Check if RSIOMA and 21+100 stoch are in uptrend on TF one level higher (ADX in this TF not strictly needed, but awesome if there)

3. Check setup frame and one TF higher for divergences against the trade

4. Once DDS crosses its signal line on the setup TF, i drop down one TF to check :

4a. green stoch above 50 and pointing up and RSIOMA pointing up OR green stoch pointing up and RSIOMA above 50 and pointing up

4b. All 5 ADX powering upIf all those are there, I find it gives me an extremely safe entry. I can see why you use the lower ADX for these setups on the setup frame itself btw, by the time my conditions are filled, these are usually rising indeed.Let's hope more folks jump in, the more angles we get on this system the better for all of us.
The More You Learn, The More You Earn.....
  • #6,254
  • Apr 8, 2014 5:17pm Apr 8, 2014 5:17pm
Thank you Alien, at least now everyone can read it without a headache Sadly, there is witchcraft going on in my PC, I cannot edit at all for some reason, and formatting looks great right until I press 'post reply'. This PC would be more use as a paperweight it seems, guess I know what to do the next couple hours/days...
The game taught me the game. And it didn't spare me the rod while teaching.
  • #6,255
  • Apr 8, 2014 5:21pm Apr 8, 2014 5:21pm
Quoting tarco
{quote} The same settings I have Oanda datafeed, not sure what the issue is, i do not have the warning option either, there must be another version.
Here is the post with the DS with the warning alarm removed ...............

http://www.forexfactory.com/showthre...05#post7179105
The More You Learn, The More You Earn.....
  • #6,256
  • Apr 8, 2014 5:25pm Apr 8, 2014 5:25pm
Quoting yaysayer
Thank you Alien, at least now everyone can read it without a headache Sadly, there is witchcraft going on in my PC, I cannot edit at all for some reason, and formatting looks great right until I press 'post reply'. This PC would be more use as a paperweight it seems, guess I know what to do the next couple hours/days...
I think it is in FF system, I have had it happen to me in the past also.....................re-boot and see what happens..................

I will back test your thoughts on the DS trades to see if we can pin point the true workable entries.

Trading is mostly on the move all the time , so this is why I look at multiple TF's to see which TF fails and reverses or continues...........

I will try and simplify some of these concepts...............
The More You Learn, The More You Earn.....
  • #6,257
  • Apr 8, 2014 5:27pm Apr 8, 2014 5:27pm
Quoting yaysayer
As for the divergences : they have been ingrained in my trading for ages, and I'm very pleased to see how well they combine with this system. Some words of caution from my own experience though : below H1 they tend to become wildly unreliable, the rise or fall they predict may be much smaller than you anticipate from the stochs, RSIOMA seems to be more accurate but gives fewer signals (working on the last one, consider that unconfirmed for now). Also, I only use them as a warning against taking a trade, not as entry signals by themselves,...
Divergence on the RSIoma are King for price to rest, or reverse.................you are correct
The More You Learn, The More You Earn.....
  • #6,258
  • Apr 8, 2014 5:41pm Apr 8, 2014 5:41pm
EU - on the H1 chart - the sto's are setting up for a rubber band trade - the 21 and 100 sto's are long and in the 80 zone, the black 8,3,3 is moving downward and will turn long again to produce another long push.

Right now while the black 8,3,3 is dropping , that means price is resting , notice you don't see the price dropping very much while the black 8,3,3 is dropping , - price is holding to go long again.............

H4 is long on the ADX and the sto's are long and the RSIoma is over 50 line .......
Attached Image (click to enlarge)
Click to Enlarge Name: eu long again.JPG Size: 164 KB
The More You Learn, The More You Earn.....
  • #6,259
  • Apr 8, 2014 7:42pm Apr 8, 2014 7:42pm
AU look at the turning of the RSIoma on different Tf's ...........

H4 long RSIoma

H1 RSIoma long, black sto 8,3,3 looking to rubber band back long ,

M15 RSIoma is traveling short , causing a retrace on the H1, soon to turn long again to retest the top again,

M5 - nearing a bottom and M1 showing divergence on the 100 sto and price action...........
Attached Image (click to enlarge)
Click to Enlarge Name: au turn and retrace.JPG Size: 465 KB
The More You Learn, The More You Earn.....
  • #6,260
  • Apr 8, 2014 8:32pm Apr 8, 2014 8:32pm
Quoting forexalien
AU look at the turning of the RSIoma on different Tf's ........... H4 long RSIoma H1 RSIoma long, black sto 8,3,3 looking to rubber band back long , M15 RSIoma is traveling short , causing a retrace on the H1, soon to turn long again to retest the top again, M5 - nearing a bottom and M1 showing divergence on the 100 sto and price action........... {image}
Now look for a 1-2-3 on the smaller timeframes? By the way the tip of looking at the 1m, 5m and 15m as one timeframe sure did simplify my thought process when dropping down TFs.
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