Using the indicators in an unconventional way! | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Multiple EAs using single DLL with DLL Windows - Using Delphi 9 replies

Metatrader using 40% of the CPU all the time when using EA 6 replies

Unconventional Technical Analysis of EUR/USD with Fibonacci levels 4 replies

Trade Using News: 5 Most Watched Indicators 1 reply

My Unconventional Trades 19 replies

Attachments: Using the indicators in an unconventional way!
Exit Attachments

Using the indicators in an unconventional way!

  • #1
  • First Post: Feb 5, 2015 9:32pm Feb 5, 2015 9:32pm
Hi All,

Haven't posted for long, Please see below screen shot, see if anyone can figure out what is going on next. I hope people can think if you decide to follow this thread, I wont be here with you forever, it has to make sense to you, you need to understand what's really going on before you can make money. No offense, I work full time, so I seldom have time to post, but i will address your questions and concern. Let's get started with a picture. The general idea is, we go with the trend, but when do you enter in order to make a profit after spread.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 68 KB
  • #2
  • Feb 6, 2015 9:00am Feb 6, 2015 9:00am
Hi LP
It might make it a bit easier to understand if you showed the point at which you entered instead of just the level
  • #3
  • Feb 6, 2015 1:54pm Feb 6, 2015 1:54pm
Quoting ukmartin
Hi LP It might make it a bit easier to understand if you showed the point at which you entered instead of just the level
UK, it just happend i had few trades going on with E/U, the purpose of this thread is to demonstrate how we can use multiple timeframes as a benefit to our trading.

LP
  • #4
  • Feb 8, 2015 7:47pm Feb 8, 2015 7:47pm
Trend is your friend I agree with other people. But to make trend you friend, depends on the time you jump in. if you jump into a trend while its ending then is just like committing suicide in forex trading or any other trading.

In trading, there is a clock, when its time, trend will reverse/continue, the clock is not determined by one or two news event, it is however influenced by the consensus of major players in the market. What you see and hear from TV or radio is after the fact event. In order to make money, you need to trade the fact and see it with your eyes.

some people use indicators with success, most don't. But some people claim indicators are useless. I think it really depends, if you can make money with indicator, there is nothing more to say.

to be continued..

LP
  • #5
  • Feb 8, 2015 9:26pm Feb 8, 2015 9:26pm
breakout patterns can be your friend,
Also harmonics they can be a good friend
as can volume at price,

same with channeling oh and don't forget

S&R

hehe that M-pattern was a beauty, confirmed the whole way with everything I just listed, great stuff
Learn, a forex trader must, unlearn and relearn he will.
  • #6
  • Feb 8, 2015 9:37pm Feb 8, 2015 9:37pm
Quoting COGSx86
breakout patterns can be your friend, Also harmonics they can be a good friend as can volume at price, same with channeling oh and don't forget S&R hehe that M-pattern was a beauty, confirmed the whole way with everything I just listed, great stuff
M-pattern?

LP
  • #7
  • Feb 8, 2015 9:40pm Feb 8, 2015 9:40pm
how does this sound to you? This is why I showed my first picture.

LP

Attached Image (click to enlarge)
Click to Enlarge Name: EURHKDH4.png Size: 78 KB
  • #8
  • Feb 8, 2015 10:03pm Feb 8, 2015 10:03pm
Quoting Low Profile
how does this sound to you? This is why I showed my first picture. LP {image}
I'm not sure what I'm listening to this time ? Your horizontal ?
Learn, a forex trader must, unlearn and relearn he will.
  • #9
  • Feb 9, 2015 6:32am Feb 9, 2015 6:32am
Quoting COGSx86
{quote} I'm not sure what I'm listening to this time ? Your horizontal ?
at the vertical line, things happen. This is when swing traders agreed with position traders and make a change in market.

LP
  • #10
  • Feb 9, 2015 6:52am Feb 9, 2015 6:52am
Quoting Low Profile
{quote} at the vertical line, things happen. This is when swing traders agreed with position traders and make a change in market. LP
Hahaha ya sorry the Vertical, wasnt thinking brain fart. I have those everyonce in a while.
Learn, a forex trader must, unlearn and relearn he will.
  • #11
  • Feb 9, 2015 7:24am Feb 9, 2015 7:24am
Looks like a puzzle really.
"Psychological test for traders. Find your interpretation of the chart shown"
  • #12
  • Feb 9, 2015 7:44pm Feb 9, 2015 7:44pm
I posted a pic, I showed a picture with a vertical line. Isn't that obvious? take a look at the MACD and stoccastic at the vertical line.

do not put quote or imply anything. Show some respect. If I am charging a fee, then i think its fair to comment like this. But i am not. if you have questions, ask in a humble way, i will answer. if you try to trash the thread, you win. I leave. Thank you very much.

LP
  • #13
  • Feb 9, 2015 9:22pm Feb 9, 2015 9:22pm
Quoting Low Profile
I posted a pic, I showed a picture with a vertical line. Isn't that obvious? take a look at the MACD and stoccastic at the vertical line. do not put quote or imply anything. Show some respect. If I am charging a fee, then i think its fair to comment like this. But i am not. if you have questions, ask in a humble way, i will answer. if you try to trash the thread, you win. I leave. Thank you very much. LP
I think he said that becuz hes not sure what it is your are trying to accomplish with this thread ?
Learn, a forex trader must, unlearn and relearn he will.
  • #14
  • Feb 9, 2015 9:44pm Feb 9, 2015 9:44pm
Quoting COGSx86
{quote} I think he said that becuz hes not sure what it is your are trying to accomplish with this thread ?
i'm sharing my technique of trading the market. if anyone has question, feel free to ask. these are basic indicators, stochastic and MACD, everyone has it, not some magic indicators. I did not ask for $. Enough of that, i'm not here to argue, if people have question, they will ask, if not, i guess they are satisfied with their current strategy.

i just need some respect.

LP
  • #15
  • Feb 10, 2015 8:29am Feb 10, 2015 8:29am
Quoting Low Profile
{quote} i'm sharing my technique of trading the market. if anyone has question, feel free to ask. these are basic indicators, stochastic and MACD, everyone has it, not some magic indicators. I did not ask for $. Enough of that, i'm not here to argue, if people have question, they will ask, if not, i guess they are satisfied with their current strategy. i just need some respect. LP
What is your technique of trading the markets ? Thanks.
  • #16
  • Feb 10, 2015 7:05pm Feb 10, 2015 7:05pm
Quoting metta87
{quote} What is your technique of trading the markets ? Thanks.
MACD stands for long term trader, stochastic stands for shorter term, i enter the market when they align. This is the technique. only these two basic indicators.

LP
  • #17
  • Oct 3, 2018 6:15pm Oct 3, 2018 6:15pm
Hello everyone,

Thank you LP, Sound is good
  • #18
  • Oct 4, 2018 5:42am Oct 4, 2018 5:42am
I notice you got another grey line in your MACD. What is that and it's settings?

Thanks
  • #19
  • Last Post: Oct 5, 2018 2:51pm Oct 5, 2018 2:51pm
HP,

I think it's a high volatility area.New trader,my opinion that's it.

thank you
0 traders viewing now