I googled it and spent a week (well it seemed like that) downloading it and at the end it said pdf was broken and unable to download.
- #1,282
- May 2, 2014 1:33am May 2, 2014 1:33am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
{quote} Dear Friend, It looks like a part of some book. It part3 at most of the places It has been written that we will discuss the thing it upcoming chapters like momentum, TRIOS, TRIX and moving averages....... Please post remaining parts of this books or kindly let us know the book name from which you have taken this. thanks Sanjay
http://www.forexfactory.com/showthre...94#post7423094
Cut your Losers short and let your Winners run.
{quote}I have lost the will to live!!
- #1,284
- May 2, 2014 1:56am May 2, 2014 1:56am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
- #1,285
- May 2, 2014 2:06am May 2, 2014 2:06am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
- #1,286
- May 2, 2014 2:18am May 2, 2014 2:18am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
- #1,287
- May 2, 2014 8:05am May 2, 2014 8:05am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
NFP EU +50 +35 +40. I was short with limit orders prior to the release, my first TP of 50 was only just hit I closed out my 2nd manually for 35, I then entered long for a fade scalp because if you look at the stochs a 123 swing failure had formed. 2 red candles were not able to take the stochs down to OS indicating no momentum down. This became a 40 pip reversal back up. {image}
How do you keep doing that !!!
{quote} Stochs 8,3,7. The book was part of the reason, the other was what I read here. Stochastic Indicator - EURUSD H4 - 5000000 backtests-analysis @ Forex Factory so I thought I would try a different setting and see, so far I have no complaints. Setting the smoothing to 7 has cleaned up the indi it is less frantic, you have to look a little harder for the divergences but that is no hardship. Also this setting re-inforces the claim that the Stochs is predictive, I am not going to...
from the Book I understood that whenever that the Stochs hocks or hings then you have one or two days before reversal " that's for stock market on a daily chart with slowing 10" , and from the link I understood that with all the back tests A slowing >= 6 is recommended.
I hope I'm close to the right answer......
I learned form you that divergence for Stochs moves cannot be taken with isolation , there have to be other confirming or confluence parts from price action and general context of the moves and honestly I feel what's more important your close relation with the pair that you reach a point you know it as a close friend of yours as you can read up his mind and tell him what he really needs to do even though he doesn't need to speak to tell you what's going on.
I've read about many peoplewho doesn't use any indicator and depend only on price action, just naked old candlesticks and they have a successful results, and mostly they only monitor specific instrument and not any thing on the chart, it seems dedicating the study to one pair or having all the concentration for one instrument would have a better results and I find this concept much better for good results and better trading psychology
- #1,290
- May 4, 2014 5:31am May 4, 2014 5:31am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
I can not add any thing to what you have said other than to compliment you on your understanding of what is happening. 
However.
I do have a "contentious" opinion about Price Action. And I must emphasise that this is just my opinion. I do not expect you or any one else reading this to have to agree with me.
Price reveals the intention of the market prior to any other thing, does it? Every thing else lags behind price! Absolutely true. "Everything" does lag behind price.
Think about it, where is price on a chart? it is to the far right, there is nothing else beyond it, it is the thing that moves a pip at a time, that is the actual price.
The next thing we see on a chart is the result of this price movement. Individual Candles, Individual bars, What are these? "Indicators", of what "has" happened. How long does it take for one of these indicators to complete? are they ahead of Price? No. What they do is form recognizable Patterns from which we make a decision.
How does this differ from what is happening at the bottom of our charts?
But what we are seeing at the bottom of our charts is "Lagging"!!
The only thing that is lagging is the individual traders ability to understand and interpret what they are seeing.
This is a very simplistic explanation of my opinion, in reality a whole discussion (argument) could be had but it is not one that I will participate in because agreement would never be reached. There will always be differing opinions and every one is entitled to theirs.
Attached is an example of how an indicator in combination with other things helped me make the decision to take a reversal and how for me, the indicator pattern "predicted" the reversal.
However.
{quote} for me anything other than price is a lagging indicator and the interpretation process depends on the traders experience.
Price reveals the intention of the market prior to any other thing, does it? Every thing else lags behind price! Absolutely true. "Everything" does lag behind price.
Think about it, where is price on a chart? it is to the far right, there is nothing else beyond it, it is the thing that moves a pip at a time, that is the actual price.
The next thing we see on a chart is the result of this price movement. Individual Candles, Individual bars, What are these? "Indicators", of what "has" happened. How long does it take for one of these indicators to complete? are they ahead of Price? No. What they do is form recognizable Patterns from which we make a decision.
How does this differ from what is happening at the bottom of our charts?
But what we are seeing at the bottom of our charts is "Lagging"!!
The only thing that is lagging is the individual traders ability to understand and interpret what they are seeing.
This is a very simplistic explanation of my opinion, in reality a whole discussion (argument) could be had but it is not one that I will participate in because agreement would never be reached. There will always be differing opinions and every one is entitled to theirs.
Attached is an example of how an indicator in combination with other things helped me make the decision to take a reversal and how for me, the indicator pattern "predicted" the reversal.
Cut your Losers short and let your Winners run.
I can not add any thing to what you have said other than to compliment you on your understanding of what is happening.
Cheers
- #1,292
- May 7, 2014 2:39am May 7, 2014 2:39am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
Yesterdays trades. EU +60. EJ +40. AU +35. UJ +50. I had to go out yesterday so locked in profits with SLs and had a good time. 3 x 123 entries and a breakout entry. Nothing is going to happen today so I am going to go and tend my vegetable patch. Interesting. EJ. Hidden Divergence on the TDI (RSI) Indi and Regular Divergence on the Stochs. {image} {image} {image} {image}
- #1,295
- May 7, 2014 3:10am May 7, 2014 3:10am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
- #1,296
- May 7, 2014 3:15am May 7, 2014 3:15am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
{quote} That's Cool , and you are done for the week.........
Cut your Losers short and let your Winners run.
{image}
Dee,
Just been studying this chart. My volumes don't seem to agree with you. I know different brokers will register different exact volumes, but I wanted to try and 'see' a similar relative difference in volumes as you did; I tried these 3 methods.
The top is a MACD. The histogram does show a declining interest in candle B. The middle volume chart simply uses the volume indicator provided on my Mt4 platform. As you can see here, Candle B actually shows declining volumes. The bottom chart is something I found on FF called Better Volumes.
Can you please tell me which indicator you used for your volumes?
- #1,299
- May 8, 2014 2:20am May 8, 2014 2:20am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.