{quote} perfect friend, great analysis, 'm focused on EUR / USD, and seeing the correlations. so I apply orders only looking at the TF tables in EUR / USD EUR / USD and USDCHF are inverse When You buy one, sell the other.
Per aspera ad astra 
Alien's Extraterrestrial Visual Systems
- #8,521
- Oct 11, 2014 4:32am Oct 11, 2014 4:32am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
- #8,527
- Oct 13, 2014 4:54am Oct 13, 2014 4:54am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
DAX analysis - Monthly looks still long but ADX 21 is going to cut down the ADX 89 and last time it happened on sept. 2011 it dropped hard. Weekly there is a X Cross ongoing on Stochastics and RSIOMA is cutting down the 50 line. Daily is damn short and looking for a bottom. H4 is bottoming with ADX still expanding. H1 also is bottoming with ADX expanding. IMHO The trend is clearly short now, but to enter in the direction of the trend we look for a retracement for a better R/R and go to retest August's bottom.{image} {image} {image}
The X cross trade short worked nicely and we had the new low of the year.
Now we'll see if there will be a rebound or if will continue lower.
Per aspera ad astra
- #8,528
- Oct 13, 2014 11:24am Oct 13, 2014 11:24am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
is it correct call. {image}
On 5 M. to me it looks ranging.
Put the advanced ADX indicator in the ADX window and you will have the histogram and better see the waves.
Cheers.
Per aspera ad astra
- #8,529
- Oct 13, 2014 11:36am Oct 13, 2014 11:36am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
Greetings all! I am still a little confused on how to use the ADX properly since I couldn't find the light ADX dash board. Here is a 4H chart. you can see that RSIOMA is crossing below 80 at the middle of the chart as all ADX speeds powering up. This is clear to me and the Advanced ADX bar was color red so I know this is a down trend. But when the Advanced ADX bars turn blue, as speed 7(orange) and speed 21 (green) fell, I know the down trend is over. The question is, as all ADX powers up again (to the right of my question mark), can I assume this...
you can find the ADX dashboard in first post of Nihilist forex indicator's thread. Nihilist is one of Forexalien's pupils.
Per aspera ad astra
- #8,530
- Oct 13, 2014 1:52pm Oct 13, 2014 1:52pm
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
GBP/JPY daily tf
Long term sell position is active now.
ADX 7,21,42 and 89 power up.
21 sto and 100 sto crossed the 50 level sharply.
RSIOMA crossed 50 level also.
To help this further down, there is a bearish divergence for the 2nd time on weekly tf and also adx 89 and 144 power off.
TP1 169.00
TP2 167.00
Mental SL (when my mind says is enough)
Long term sell position is active now.
ADX 7,21,42 and 89 power up.
21 sto and 100 sto crossed the 50 level sharply.
RSIOMA crossed 50 level also.
To help this further down, there is a bearish divergence for the 2nd time on weekly tf and also adx 89 and 144 power off.
TP1 169.00
TP2 167.00
Mental SL (when my mind says is enough)
Work smarter,not harder
- #8,531
- Oct 14, 2014 4:54am Oct 14, 2014 4:54am
Hi, first things first, I am new here and to the FX game in general. I started reading this thread about a day or two ago. (could take a while for me to learn, I figured I would learn faster by asking questions, sorry if they are noob questions.
)
What is the relation between the RSIOMA and the Delayed Stochastic? I have them on my chart and I understand the basic levels of 20% 50% 80% etc.
perhaps another way to ask could be; what are the significant occurrences on the RSIOMA and Delayed Stochastic that I am looking for? (both separately and together) (i.e. cross overs etc) and what actions should I, as a trader take when these significant occurrences take place?
I will be following, reading and re-reading this thread, so I am Bound to figure it out but any and all advice would be greatly appreciated.
Many thanks
Antares.
)What is the relation between the RSIOMA and the Delayed Stochastic? I have them on my chart and I understand the basic levels of 20% 50% 80% etc.
perhaps another way to ask could be; what are the significant occurrences on the RSIOMA and Delayed Stochastic that I am looking for? (both separately and together) (i.e. cross overs etc) and what actions should I, as a trader take when these significant occurrences take place?
I will be following, reading and re-reading this thread, so I am Bound to figure it out but any and all advice would be greatly appreciated.
Many thanks
Antares.
"Pain + Reflection = Progress"-Ray Dalio
- #8,532
- Oct 14, 2014 5:20am Oct 14, 2014 5:20am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
GBP/JPY daily tf Long term sell position is active now.
Per aspera ad astra
- #8,533
- Oct 14, 2014 7:11am Oct 14, 2014 7:11am
Hi, first things first, I am new here and to the FX game in general. I started reading this thread about a day or two ago. (could take a while for me to learn, I figured I would learn faster by asking questions, sorry if they are noob questions.
RSIOMA/DDS window (and the stochastic window too in fact) is meant to both spot setups and get that confirmation for entry.
setups for a trade :
-DDS 'slingshot' or 'rubberband' trades : significant distance between RSIOMA and DDS, RSIOMA preferably under 20/above 80 with DDS well in the other half. Sets up for a trade in the direction of the RSIOMA.
-Divergences between price and RSIOMA
confirmations for entry (ADX confirmation MUST be there too!)
-RSIOMA crossing 50 in the setups direction
-RSIOMA crossing 20/80 at steep angle in the direction of the setup
For setups you'd like to have BBSqueeze going on on the setup frame, for entries you ALWAYS want the ADX to start fanning out.
Hope that helps a bit.
The game taught me the game. And it didn't spare me the rod while teaching.
- #8,534
- Oct 14, 2014 7:12am Oct 14, 2014 7:12am
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
{quote} Good call my friend, but now take into account the big support you are near.
+200 pips already floating.
Work smarter,not harder
- #8,535
- Oct 14, 2014 11:59am Oct 14, 2014 11:59am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
USD/CAD Daily -
as one can see from the ADX dashboard this is a clear uptrend.
On daily we had a previous X Cross trade long in september and now another X Cross trade long is completing in october.
Is possible to reach a new high for 2014.
as one can see from the ADX dashboard this is a clear uptrend.
On daily we had a previous X Cross trade long in september and now another X Cross trade long is completing in october.
Is possible to reach a new high for 2014.
Per aspera ad astra
- #8,536
- Oct 14, 2014 12:29pm Oct 14, 2014 12:29pm
USD/CAD Daily - as one can see from the ADX dashboard this is a clear uptrend. On daily we had a previous X Cross trade long in september and now another X Cross trade long is completing in october. Is possible to reach a new high for 2014.
- #8,537
- Oct 14, 2014 12:41pm Oct 14, 2014 12:41pm
- Joined Jul 2013 | Status: Trader | 2,603 Posts
Per aspera ad astra
- #8,539
- Oct 14, 2014 12:55pm Oct 14, 2014 12:55pm
- Joined Jul 2013 | Status: Trader | 2,603 Posts
Per aspera ad astra
