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my system of 20 pips

  • #1,121
  • Nov 5, 2014 6:09am Nov 5, 2014 6:09am
Quoting verjanso
{quote} No, but I exited the bull. Because of how effective this is, I am now working out a trading system with the divergence, so that if I am about to go bullish and I notice a significant divergence, I would be looking at shorting.
Divergence? May i ask what indicator you use to look divergence? i thought you only look naked chart with price action..[/quote]

A skillful trader can spot divergence with naked eyes, however you can download sniperfx5 divergence indicator.
  • #1,122
  • Nov 5, 2014 6:10am Nov 5, 2014 6:10am
Quoting FXAction
{quote} I dont understand. Can you be more explicit
You long'ed AUDUSD last week, but exited on Monday for a small loss, I remember.
When in doubt, HEDGE
  • #1,123
  • Nov 5, 2014 6:53am Nov 5, 2014 6:53am
Quoting AdelPC
{quote} You long'ed AUDUSD last week, but exited on Monday for a small loss, I remember.
OK, I understand you. But remember I owe you no obligation. If I spot what is an obstruction to my trade and warn you before hand, this in itself is an expertise.As my trades are flawed it will be appreciated for you to summon the cur-rage to post one of your set up at entry, even one, so that we can watch it take profit. If you feel my posts are not worth it you can move on or replace with better ones.
  • #1,124
  • Nov 5, 2014 7:22am Nov 5, 2014 7:22am
Quoting FXAction
{quote} OK, I understand you. But remember I owe you no obligation. If I spot what is an obstruction to my trade and warn you before hand, this in itself is an expertise.As my trades are flawed it will be appreciated for you to summon the cur-rage to post one of your set up at entry, even one, so that we can watch it take profit. If you feel my posts are not worth it you can move on or replace with better ones.
I don't have problem. Your trades are good and I don't expect to see winners all the time. At present I don't have a system that gives me good entry and target. I'm still learning.
When in doubt, HEDGE
  • #1,125
  • Nov 5, 2014 7:49am Nov 5, 2014 7:49am
Quoting FXAction
{image}
Hi FXaction,
Just curious to knw if the profits are as points or as deposit currency?

Inder
  • #1,126
  • Nov 5, 2014 12:11pm Nov 5, 2014 12:11pm
Quoting AdelPC
{quote} I don't have problem. Your trades are good and I don't expect to see winners all the time. At present I don't have a system that gives me good entry and target. I'm still learning.
Well no hard feelings We are all leaning. A brain dies the moment it stops to learn. Just keep an open mind. Moore green pips to your elbow.
  • #1,127
  • Nov 5, 2014 12:13pm Nov 5, 2014 12:13pm
Quoting indersingh
{quote} Hi FXaction, Just curious to knw if the profits are as points or as deposit currency? Inder
You might as well ask me how much I have in my account.
  • #1,128
  • Nov 5, 2014 6:49pm Nov 5, 2014 6:49pm
Quoting FXAction
{quote} Divergence? May i ask what indicator you use to look divergence? i thought you only look naked chart with price action..
A skillful trader can spot divergence with naked eyes, however you can download sniperfx5 divergence indicator.[/quote]

Thanks
  • #1,129
  • Nov 5, 2014 8:29pm Nov 5, 2014 8:29pm
Quoting FXAction
{quote} You might as well ask me how much I have in my account.
. I will not let my curiousity run wild. God is blessing you.
  • #1,130
  • Nov 6, 2014 3:52am Nov 6, 2014 3:52am
FXAction,
Forgive me for asking but how do you spot divergence without using indicators? Divergence implies comparing 2 values where at some point one diverges from the other.
The only thing that comes to mind now is observing how the new extreme in price is made. Oscillators are derivatives of price, they usually quantify price behavior over a set period of time. So the key here is that period of time, the number of candles. And if the price makes a new high/low but it takes more candles to achieve this than the previous high/low (loss of momentum) the indicator would not support it.
Is it something like this? I don't know if it's clear, I'm writing off the top of my head.
  • #1,131
  • Nov 6, 2014 5:21am Nov 6, 2014 5:21am
Quoting ponchofx
FXAction, Forgive me for asking but how do you spot divergence without using indicators? Divergence implies comparing 2 values where at some point one diverges from the other. The only thing that comes to mind now is observing how the new extreme in price is made. Oscillators are derivatives of price, they usually quantify price behavior over a set period of time. So the key here is that period of time, the number of candles. And if the price makes a new high/low but it takes more candles to achieve this than the previous high/low (loss of momentum)...

"A skillful trader can spot divergence with naked eyes"

he didn't say without indicators, just using the naked eye.
  • #1,132
  • Nov 6, 2014 5:52am Nov 6, 2014 5:52am
Quoting leeshindig
{quote} "A skillful trader can spot divergence with naked eyes" he didn't say without indicators, just using the naked eye.
Correct.
  • #1,133
  • Nov 6, 2014 5:55am Nov 6, 2014 5:55am
Quoting ponchofx
FXAction, Forgive me for asking but how do you spot divergence without using indicators? Divergence implies comparing 2 values where at some point one diverges from the other. The only thing that comes to mind now is observing how the new extreme in price is made. Oscillators are derivatives of price, they usually quantify price behavior over a set period of time. So the key here is that period of time, the number of candles. And if the price makes a new high/low but it takes more candles to achieve this than the previous high/low (loss of momentum)...
If you cannot spot divergence with naked eyes, then use oscillators
  • #1,134
  • Nov 13, 2014 4:04pm Nov 13, 2014 4:04pm
Cate .....GJ Analysis for Nov 10 confirm please
Attached Image
  • #1,135
  • Nov 14, 2014 3:57am Nov 14, 2014 3:57am
20 pip trading
Attached Image (click to enlarge)
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  • #1,136
  • Nov 17, 2014 5:27am Nov 17, 2014 5:27am
Thnx Dejan for your help but it was worth it.
Attached Image (click to enlarge)
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  • #1,137
  • Nov 17, 2014 6:39am Nov 17, 2014 6:39am
U r welcome Earl....It is a great concept Cate offered here and base on my RESEARCH fr his page 30 explanation I was able to master his entry and created another. Volume/SR/SUPP/DEMAND and PA has an interesting story to tell.

Respect
  • #1,138
  • Nov 17, 2014 3:32pm Nov 17, 2014 3:32pm
Quoting Dejan
U r welcome Earl....It is a great concept Cate offered here and base on my RESEARCH fr his page 30 explanation I was able to master his entry and created another. Volume/SR/SUPP/DEMAND and PA has an interesting story to tell. Respect
Great job, great discoveries, huge pips.

Thank u my friend. Long time no talk.

I really appreciate for ur help.

U have a good heart big bros.

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #1,139
  • Edited 2:21pm Nov 19, 2014 10:29am | Edited 2:21pm
It seems this thread is abandoned. Unfortunately, I dont trade loophole I am a basketter. Dejan, early63 and others who have mastered it should take it up lest it dies!

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #1,140
  • Nov 20, 2014 1:49pm Nov 20, 2014 1:49pm
Please watch this.
http://www.youtube.com/watch?v=1eTS9mpYwmU
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