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  • #920,021
  • Aug 28, 2014 1:30am Aug 28, 2014 1:30am
Quoting wafiqsalameh
{quote} now note that the price always try to push the two red averages when both go below or over the blue ones,its like the two red ones are not allowed both to be under or over the blue ones.....sometimes they allow it only if they going in the same direction the same speed,but if both red go below both blue in higher speed thats not allowd the price will go the different direction

I kind of understand what you are saying.
And I also did some research on your method to try out on my chart and it seems working.
However, you have not mentioned that you use this method on 1hr or daily.
also if you don't mind, could you explain how you determine how much it will retrace back to blue lines when red lines are below blue?

thank you.

Good luck to you!
  • #920,022
  • Aug 28, 2014 1:32am Aug 28, 2014 1:32am
Quoting wafiqsalameh
{quote} i just noticed that..... tried too many numbers before i even had a pc,i did every average manually......hahahahaha you will never know how hard i worked for it and when i want to tip somebody with it ask me to put down the chart....on gold forum a discussion with mate leads to ask him to draw the averages ....he refused...its really funny
You know your things better than I do. But just an advice. Always try to do the things with some logic behind. Your 6 sma tells you the direction of last 6 candles and your 11 sma tells you direction of the last 11 candles. OK, so what? What is the use of this information?
The Thief of Wall Street
  • #920,023
  • Aug 28, 2014 1:33am Aug 28, 2014 1:33am
Quoting Chicky
{quote} What time frame you are using to see what he is saying? The red one shows direction of past 6 candles and the blue one past 11 candles to see where it was going and where it is going now and if there is any change in the direction ............................... I can see this without any smas. You need these smas when using a very small time frames but using bigger smas. You need these lines because your screen can not show much of the time period with one minute candles.
on the 5, but would work on all time frames, same as 10, 20 and 30 MA or 20, 50 and 100.

you can also use the 8 low and the 10 high, when two bars print outside the envelope indicates the trend and a PB to the lower MA would be a place to enter...simple but very powerful if you know how to stick to it as in anything else...
  • #920,024
  • Aug 28, 2014 1:34am Aug 28, 2014 1:34am
this works only on big tie frames daily and bigger....now the daily the way it shows not encoureging to buy coz they r down on the same speed....but the big picture on the weakly for euro and for gbp it says to buy,and if we take a look at the us index weekly,the us index is going down and thats deffenet
  • #920,025
  • Aug 28, 2014 1:37am Aug 28, 2014 1:37am
Quoting MrNow
{quote} on the 5, but would work on all time frames, same as 10, 20 and 30 MA or 20, 50 and 100. you can also use the 8 low and the 10 high, when two bars print outside the envelope indicates the trend and a PB to the lower MA would be a place to enter...simple but very powerful if you know how to stick to it as in anything else...
At 91, I have very little brain left, I want to keep it intact. ................Screw smas, they are just the averages that i can see from my naked eye and can guess them very right with 91 years of experience of watching things.
The Thief of Wall Street
  • #920,026
  • Aug 28, 2014 1:44am Aug 28, 2014 1:44am
Quoting Chicky
{quote} At 91, I have very little brain left, I want to keep it intact. ................Screw smas, they are just the averages that i can see from my naked eye and can guess them very right with 91 years of experience of watching things.
i wanted to write more important things,...but naaaa it dont like to be that important
  • #920,027
  • Aug 28, 2014 1:46am Aug 28, 2014 1:46am
yesterday frankie pumped her today she running out of time or is she ??
If you are new to Forex? Say Goodbye to your account!!
  • #920,028
  • Aug 28, 2014 1:47am Aug 28, 2014 1:47am
Quoting Chicky
{quote} At 91, I have very little brain left, I want to keep it intact. ................Screw smas, they are just the averages that i can see from my naked eye and can guess them very right with 91 years of experience of watching things.
Those emas and smas are thing of the past when there were no electronic charts. We now can expand, contract, zoom in and zoom out the charts to see them in thousand different ways. Time is gone when big orders were placed on sma crossovers, we now have several other advanced tools available for technical analysis and therefore order levels are now spread over ranges much wider than 200 smas.
The Thief of Wall Street
  • #920,029
  • Aug 28, 2014 1:48am Aug 28, 2014 1:48am
Long 3204, SL 3202, below hourly low, not willing to risk more.
Everyone can see the chart, but only a few can actually read it.
  • #920,030
  • Aug 28, 2014 1:48am Aug 28, 2014 1:48am
Hi Chicky

Are you my Daddy

I remember he was real shitty trader

An had about ten wives
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  • #920,031
  • Aug 28, 2014 1:51am Aug 28, 2014 1:51am
Quoting eliteincome
Hi Chicky Are you my Daddy I remember he was real shitty trader An had about ten wives {image}
No. But I used to be the Principal of the college where he went to learn trading.
The Thief of Wall Street
  • #920,032
  • Aug 28, 2014 1:53am Aug 28, 2014 1:53am
Quoting Chicky
{quote} At 91, I have very little brain left, I want to keep it intact. ................Screw smas, they are just the averages that i can see from my naked eye and can guess them very right with 91 years of experience of watching things.
You are just a kiddo.....Anyway,averages are not very taking in consideration now days.....Myself I prefer them because they are not static......and they supply good support/resistance when taken in the right consideration......and many are watching them.....

Beside all TA are fallible especially when you take them as absolute truth.....but TA can help you to create guides for you to navigate and have refuge at time in this sea of uncertainty which is the only certainty...if you know what I mean..
  • #920,033
  • Aug 28, 2014 1:53am Aug 28, 2014 1:53am
EU H1

eyes on yesterday bull h close ... a close under would encourage bears
Attached Image (click to enlarge)
Click to Enlarge Name: euh1.PNG Size: 30 KB
  • #920,034
  • Aug 28, 2014 1:56am Aug 28, 2014 1:56am
Quoting MrNow
{quote} You are just a kiddo.....Anyway,averages are not very taking in consideration now days.....Myself I prefer them because the are not static......and they supply good support/resistance when taken in the right consideration...... Beside all TA are infallible especially when you take them as absolute truth.....but TA can help you to create guides for you to navigate and have refuge at time in this sea of uncertainty which is the only certainty...if you know what I mean..
They are post facto. Cut the chart vertically (hide the right side of the chart) AFTER plotting the smas and see for yourself how reliable are these support and resistances.
The Thief of Wall Street
  • #920,035
  • Aug 28, 2014 1:57am Aug 28, 2014 1:57am
Quoting Chicky
{quote} Those emas and smas are thing of the past when there were no electronic charts. We now can expand, contract, zoom in and zoom out the charts to see them in thousand different ways. Time is gone when big orders were placed on sma crossovers, we now have several other advanced tools available for technical analysis and therefore order levels are now spread over ranges much wider than 200 smas.
"Now" I understand why your account is always into red...
  • #920,036
  • Aug 28, 2014 1:57am Aug 28, 2014 1:57am
but i do math on the average told me the resistance for euro 1.3217 , and its the high now,....this old way is working for me,and can see the whole market is moving with the average calculations
  • #920,037
  • Aug 28, 2014 1:58am Aug 28, 2014 1:58am
Quoting Chicky
{quote} They are post facto. Cut the chart vertically (hide the right side of the chart) AFTER plotting the smas and see for yourself how reliable are these support and resistances.
All TA is post factor......old man.
  • #920,038
  • Aug 28, 2014 2:00am Aug 28, 2014 2:00am
Quoting MrNow
{quote} All TA is post factor......old man.
You are still living in the past. Two days ago I posted few charts and excel sheets on someone's request, check them.
The Thief of Wall Street
  • #920,039
  • Aug 28, 2014 2:00am Aug 28, 2014 2:00am
Quoting OnlineAddict
Long 3204, SL 3202, below hourly low, not willing to risk more.
I'm out, "thank you" Spain. Going to bed.
Everyone can see the chart, but only a few can actually read it.
  • #920,040
  • Aug 28, 2014 2:01am Aug 28, 2014 2:01am
Quoting chazzle
EU H1 eyes on yesterday bull h close ... a close under would encourage bears {image}
I really dont get all these old candle close etc.. you say a close that is lower than that candle close is bearish or a close below that candle? What about the 10+ candles that have closed lower after that close?
I don't even have a cool signature
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