a bag of gold from M5 where price stalled at S/R and TDI created divergence{image}
Do you use Stochastics to aid in the decision to enter or exit a trade? noticed the indicator at the bottom of your chart screen
thanks
- #7,563
- Sep 3, 2015 1:01pm Sep 3, 2015 1:01pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #7,564
- Sep 3, 2015 6:32pm Sep 3, 2015 6:32pm
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
{quote} Hi, Do you use Stochastics to aid in the decision to enter or exit a trade? noticed the indicator at the bottom of your chart screen thanks
I used to trade on M5 ( I still do for Gold and Oil and for FX if I missed a set up on M30 and try to get in later during high vol hours like NY/US). Still prefer to see both stoc and TDI turn up for a buy and down for a sell. When I am in a buy and stoc still crawling in overbought making me staying a bit longer, and visa versa for a sell.
Was not home and totally missed closing my UC at lot better number.Anyway still a good bag of pips over 500pips in 7 positions {image}
good pipping D.
Appreciation is the key to wealth and happiness
- #7,565
- Edited 9:36pm Sep 3, 2015 7:56pm | Edited 9:36pm
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Appreciation is the key to wealth and happiness
- #7,566
- Sep 3, 2015 10:00pm Sep 3, 2015 10:00pm
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Appreciation is the key to wealth and happiness
- #7,567
- Sep 3, 2015 10:24pm Sep 3, 2015 10:24pm
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Appreciation is the key to wealth and happiness
- #7,568
- Sep 3, 2015 11:35pm Sep 3, 2015 11:35pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #7,570
- Sep 4, 2015 1:31am Sep 4, 2015 1:31am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Appreciation is the key to wealth and happiness
- #7,571
- Edited 3:17am Sep 4, 2015 1:55am | Edited 3:17am
UCAD 200ema rejection with tdi cross in 68 area - against general trend direction. London Open coming up..
UK breaks 200ma on the upside, with trend.
Everyone seems to be waiting for the NFP numbers to come up.
UK breaks 200ma on the upside, with trend.
Everyone seems to be waiting for the NFP numbers to come up.
Best regards, Zef
- #7,572
- Sep 4, 2015 4:42am Sep 4, 2015 4:42am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
UCAD 200ema rejection with tdi cross in 68 area - against general trend direction. London Open coming up.. UK breaks 200ma on the upside, with trend.
UCAD has hidden div + div set up for a short but APB too weak to get in for now...coming news might ruin it....not so confident to go with this pair
Appreciation is the key to wealth and happiness
- #7,574
- Sep 4, 2015 8:16am Sep 4, 2015 8:16am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #7,575
- Sep 4, 2015 8:23am Sep 4, 2015 8:23am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} I just cottoned on to something Davit, you sneaky
In trading, you have to be defensive and aggressive at the same time
- #7,577
- Edited 8:47am Sep 4, 2015 8:36am | Edited 8:47am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Set a sell 1 min before NF, result +40. Had a sell I put on before work this morning along with a trailing stop which took the trade out -2. never mind. A few other scalps make my total for the day +60. Back above the zero line in the trade explorer again. Good to be out of the negative territory pip wise, still down 2% in the financials but that will change no doupt . I did set a couple of sell stops way up there but not this time, have taken them of already {image}
good goingHere is a good concise situation with todays news
The economy added 173,000 jobs in August. While it was a decent gain in jobs for the month, the number was below economists' expectations and is likely to muddy the picture for the Federal Reserve's historic decision to raise its key interest rate in two weeks.
Economists surveyed by CNNMoney projected that the economy would add 207,000 jobs.
Wages grew 2.2% in August, about in line with expectations but well below the Federal Reserve's 3.5% target.
Wage growth has been missing during the U.S. economic recovery from the recession, and it's also a key measure of inflation -- something that's been absent and that the Fed badly wants to see.
Overall the job numbers in August add more uncertainty surrounding a potential rate hike from the Federal Reserve in two weeks. Fed officials have said they wanted to see key economic data like the jobs report before deciding on a rate hike. Although the U.S. economy has been good, this report is not a resounding victory for the American economy.
What is missing from 5.1 rate is how many Americans are out of labor force basically stopped looking for job or can't find one.
about 90 million.
What I think is happening is an artifact of the way that unemployment is measured. In the standard measure, the U3 measure, you must be in receipt of unemployment insurance in order to be counted as unemployed. And in the US this usually stops at 26 weeks of unemployment thus the ART of Counting begins or political spin continues.
Basically once your 26 weeks ends up you seize to exit as statistic of jobless.
In trading, you have to be defensive and aggressive at the same time
- #7,579
- Sep 4, 2015 9:14am Sep 4, 2015 9:14am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} No I cottoned on to how you're harvesting pips,surprised me when I saw that last chart of yours
Its not slow pair when one can hit with multiple entries
In trading, you have to be defensive and aggressive at the same time