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  • #135,221
  • Edited 3:37am May 22, 2015 3:23am | Edited 3:37am
Quoting sisse
{quote} Close one of those charts....there you have it, problem solved ... sisse

Sadly the signals are on one chart, I'm just changing the time frames, so can't avoid the schizofrenie status.

On the other chart (built M.A.):
Daily - supports the up trend - only 1.11900 is the resistance.
H1 and under - also supports the up trend
H4 - rather supports the down move, but real resistance currently is at 1.12300-400.
f(z)=z2+c
  • #135,222
  • May 22, 2015 3:32am May 22, 2015 3:32am
Quoting deylon
Could this be possible on EURUSD? {image}
In my opinion...yes.
Would be very nice technically, several patterns would be finished this way, and Short:Long ratio also can help.
Time will tell.
f(z)=z2+c
  • #135,223
  • May 22, 2015 3:46am May 22, 2015 3:46am
Quoting hathor
{quote} Sadly the signals are on one chart, I'm just changing the time frames, so can't avoid the schizofrenie status. On the other chart (built M.A.): Daily - support the up trend - only 1.11900 is the resistance. H1 and under - also supports the up trend H4 - rather support the down move, but real resistance currently is at 1.12300-400.
I am sure have hear 1 millions times to KISS in trading but Let me give you my 2 cents, more than keeping it simple IMO the most important is"

- > DRY = " Dont Repeat Yourself"!!!

It applies to TF as much it applies to all the other TA field. Having a M5/M10/M15 H1 and maybe just in case H4 (or whatever Tfs its irrelevant) at the same time for triggering is not GOINT to GIVE you any advantage...what is worst it would only lead you to a paralysis in the analysis !!!!....

Same apply to indicators (open any FF thread in the trading systems, etc) that put 4 panels with evey single kind of custom stochastic combination and on top a couple alternative stochastics studies as filter of the filter in case of filter fails .....

In simple words, the most important part in trading is deciding direction not pulling the trigger. So choose your poison (your side whatever TF) and take any signal on the relevant or smaller correlated Tfs using whatever rocks your boat trigger ...if you are right in the direction it would always work, if you are wrong its going to fail whatever you use (yes even the most sluggish macd/MA, CCI, blah blah trigger will work if you are on the right side) ....

My 2 cents, incorporate DRY in your trading before you get SOAKED in confusion...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #135,224
  • May 22, 2015 4:13am May 22, 2015 4:13am
[quote=sisse;8278559]{quote} I am sure have hear 1 millions times to KISS in trading but Let me give you my 2 cents, more than keeping it simple IMO the most important is" - > DRY = " Dont Repeat Yourself"!!!

Honestly, I disagree with you, it's not my case as I consider I am still learning, but using indicators that you mentioned above, I know people that is living thanks to this. And in the same day, they can short and long, scalping...,they can make one entry during the day, or they can do 5 or 6..., and if during the same day, you can short or long ( there are days wich only one direction is the option), that means that sometimes the direction is not so important, and the trigger is. it's upon your style...

With all my respects,
  • #135,225
  • May 22, 2015 4:16am May 22, 2015 4:16am
Quoting sisse
{quote} I am sure have hear 1 millions times to KISS in trading but Let me give you my 2 cents, more than keeping it simple IMO the most important is" - > DRY = " Dont Repeat Yourself"!!! It applies to TF as much it applies to all the other TA field. Having a M5/M10/M15 H1 and maybe just in case H4 (or whatever Tfs its irrelevant) at the same time for triggering is not GOINT to GIVE you any advantage...what is worst it would only lead you to a paralysis in the analysis !!!!.... Same apply to indicators (open any FF thread in the trading systems,...
Why I deal with every TFs:
I usually translate these informations into one conclusion and act according to that. So I try to keep it simple as much as I can. To decide the size of the trade I analyze more time frames, and when more TF aims in the same direction (correlates), the bigger can be the size of the trade.
Why I monitor signals against my view:
Even if I choose a direction (due to pure visual experience, Short:Long ratio and patterns) I always monitor the signals against my view, because when those signals appears I can take profit and wait for a new entry (on lowerTF) at lower level. (therefore I can trade the zig-zag, not the simple line).
But anyway, as you wrote, I can be quite paralysed sometimes, will remember to your wise words!
Thank you!!

PS:
and sometimes of course it's not that easy to re-enter the market with a good R:R, and better to keep a trade (psychologically) when the SL is in profit already, so I'm not arguing about it, it's must be my scalper reflex.
f(z)=z2+c
  • #135,226
  • May 22, 2015 4:35am May 22, 2015 4:35am
So far, the FOMC candle dictate:
EurUsd - H1
Attached Image (click to enlarge)
Click to Enlarge Name: 05_22.png Size: 15 KB


Quoting hathor
{quote} Sadly the signals are on one chart, I'm just changing the time frames, so can't avoid the schizofrenie status. On the other chart (built M.A.): Daily - supports the up trend - only 1.11900 is the resistance. H1 and under - also supports the up trend H4 - rather supports the down move, but real resistance currently is at 1.12300-400.
Let's see...
f(z)=z2+c
  • #135,227
  • May 22, 2015 5:41am May 22, 2015 5:41am
Quoting infinitus
{quote} Meanwhile, read this: {image} Overheard In The FX Rigging "Cartel" Chatroom: "Mess This Up And Sleep With One Eye Open
Proves the truth of the old saying: If you have a gun you can rob a bank, but if you have a bank you can rob EVERYBODY.
  • #135,228
  • May 22, 2015 5:43am May 22, 2015 5:43am
Quoting sisse
{quote} Close one of those charts....there you have it, problem solved ... sisse


Morning fella's. And lady
  • #135,229
  • Edited 7:39am May 22, 2015 7:01am | Edited 7:39am
Quoting hathor
So far, the FOMC candle dictate: EurUsd - H1 {image} {quote} Let's see...
Should reject decline:
EurUsd - H1
Attached Image (click to enlarge)
Click to Enlarge Name: 05_22_2.png Size: 15 KB

Update:
Back to blue channel.
Attached Image (click to enlarge)
Click to Enlarge Name: 05_22_3.png Size: 15 KB
f(z)=z2+c
  • #135,230
  • May 22, 2015 7:03am May 22, 2015 7:03am
Quoting Lavanda
Honestly, I disagree with you,....in the same day, they can short and long, scalping...,they can make one entry during the day, or they can do 5 or 6..., and if during the same day, you can short or long ( there are days wich only one direction is the option), that means that sometimes the direction is not so important, and the trigger is. it's upon your style...
I think you missed the point. I wasn't talking about my direction or his direction or your direction. I was talking about A DIRECTION. It applies to a 1 sec chart or a yearly chart.

Let the me put it in different words. If you are trading a M15 (whatever) Chart range, TRADE the DAMN range!!!! with the direction in that TF!!! and don't try to double guess, outsmart or try to capture the 50 micro waves that will go agains you in a 1 sec chart until your trade finally complete ....

In any case, in the euro, we breached 1.117x as expected but we couldn't make a decisive break so pretty much nothing new until NY opening range. same levels, same trades, same all...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #135,231
  • May 22, 2015 8:01am May 22, 2015 8:01am
..and here we go for NY. Back to square one after failing to test 1.122x by a few ticks with inflation ticking up . Thin market session expected with US going on a long weekend. For the last play of the week. taking the lows opens strong 1.105x that is naked for a test with an extension to 1.098x for the W roll on inertial play with London going home...

GL all trading the rest of the session ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #135,232
  • May 22, 2015 8:34am May 22, 2015 8:34am
Quoting sisse
..and here we go for NY. Back to square one after failing to test 1.122x by a few ticks with inflation ticking up . Thin market session expected with US going on a long weekend. For the last play of the week. taking the lows opens strong 1.105x that is naked for a test with an extension to 1.098x for the W roll on inertial play with London going home... GL all trading the rest of the session ... sisse
Sisse, with current increase in CPI which weighted to inflation along with Draghi and Kuroda cancelled they speech, is it a huge shockwave of FED June Hike is right on the door?
  • #135,233
  • May 22, 2015 8:52am May 22, 2015 8:52am
I doubt it- rate hikes would be announced with FOMC

If she announced it today things would get hairy really f'in quick. Think repeat of the 500 pipper we had two FOMCs ago
  • #135,234
  • May 22, 2015 8:57am May 22, 2015 8:57am
Actually i dont mean to say Yellen speech in less than a day is announcement of rate hike. Im just afraid June Hike back to the table
  • #135,235
  • May 22, 2015 9:00am May 22, 2015 9:00am
Quoting Sants
Actually i dont mean to say Yellen speech in less than a day is announcement of rate hike. Im just afraid June Hike back to the table
oh gotcha. I'm wondering the same. Anyone have the bat-phone? Need to call sisse
  • #135,236
  • May 22, 2015 9:03am May 22, 2015 9:03am
Quoting Pharm0r
{quote} oh gotcha. I'm wondering the same. Anyone have the bat-phone? Need to call sisse
Batman is waiting........
http://prntscr.com/7837gw
  • #135,237
  • May 22, 2015 9:09am May 22, 2015 9:09am
Quoting Pharm0r
{quote} oh gotcha. I'm wondering the same. Anyone have the bat-phone? Need to call sisse
Hahahahaaaaa
love it!
  • #135,238
  • May 22, 2015 9:49am May 22, 2015 9:49am
Quoting Sants
{quote} Sisse, with current increase in CPI which weighted to inflation along with Draghi and Kuroda cancelled they speech, is it a huge shockwave of FED June Hike is right on the door?
how did you find out the speech is cancelled?
  • #135,239
  • May 22, 2015 10:15am May 22, 2015 10:15am
Quoting ws121
{quote} how did you find out the speech is cancelled?
Check FF calender time to time, it will help.
  • #135,240
  • Edited 11:17am May 22, 2015 10:23am | Edited 11:17am
chancing some EU longs in this area

USDOLLAR D1:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0052.png Size: 62 KB
Don't be a hero. Don't have an ego. Always question yourself
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