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Can OB and OS levels be traded successfully?

  • #41
  • Sep 25, 2015 8:51am Sep 25, 2015 8:51am
Now looks like a good time to buy. Unfortunately, I am selling so I hope your wrong

I notice some resistance at the 1.5197-1.5187 level right now. May breach it and go your way, or bounce and come mine. Judging by your indicator, you have the upper edge here. But even so, I still would not buy according to it just yet.

(This is just my humble opinion based off of what I see off of your posted pictures. Its a bit limited since that's all I can see, so don't listen to me lol)
  • #42
  • Sep 25, 2015 8:58am Sep 25, 2015 8:58am
Quoting cardm3n
Now looks like a good time to buy. Unfortunately, I am selling so I hope your wrong I notice some resistance at the 1.5197-1.5187 level right now. May breach it and go your way, or bounce and come mine. Judging by your indicator, you have the upper edge here. But even so, I still would not buy according to it just yet. (This is just my humble opinion based off of what I see off of your posted pictures. Its a bit limited since that's all I can see, so don't listen to me lol)
Sir - thank you for posting. I do not pretend to know where price is heading... if I did know.. well..

It just looks like one serious bear trap. But it would look that way to me, as my positioning is bullish. I thank you for your input. It is appreciated. Interesting times.

Trade well
You can be anything you want to be
  • #43
  • Sep 25, 2015 9:22am Sep 25, 2015 9:22am
Quoting cardm3n
Now looks like a good time to buy. Unfortunately, I am selling so I hope your wrong I notice some resistance at the 1.5197-1.5187 level right now. May breach it and go your way, or bounce and come mine. Judging by your indicator, you have the upper edge here. But even so, I still would not buy according to it just yet. (This is just my humble opinion based off of what I see off of your posted pictures. Its a bit limited since that's all I can see, so don't listen to me lol)
just a question.

Why are you holding me back here, cardm3n?

You can be anything you want to be
  • #44
  • Sep 25, 2015 9:25am Sep 25, 2015 9:25am
Lol I am not trying to, just what I see on your pics. Been trying to formulate my own patterns off of your pics. But I guess it depends if your trying to get a few quick pips, or your doing a longer time frame run.
  • #45
  • Sep 25, 2015 9:38am Sep 25, 2015 9:38am
Let us test the Divergence theory on AUD. In concept - should break the recent high.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30.png Size: 65 KB
You can be anything you want to be
  • #46
  • Sep 25, 2015 9:48am Sep 25, 2015 9:48am
Quoting badblood
Let us test the Divergence theory on AUD. In concept - should break the recent high. {image}
Hmm, if I may ask, whats the difference between the indicator on this pair to the one on the GU pair? It seems different. Is it a different calculation behind it or something?
  • #47
  • Sep 25, 2015 9:58am Sep 25, 2015 9:58am
Quoting cardm3n
{quote} Hmm, if I may ask, whats the difference between the indicator on this pair to the one on the GU pair? It seems different. Is it a different calculation behind it or something?
yes - latter is based on Kijun Sen - other one based on Delta Volumes.

Only testing these for a month - so in the bigger scheme of things - no grounds whatsoever. BUT - the Kijun Sen seems to be a good longer term indicator ( 50 to 100 pips) and the Delta Volumes more of a scalper indicator - quick in and out ( 5 to 20 pips). But still learning/observing. Testing. Formulating possible rules.

But with that - Kijun Sen tends to have larger draw down as opposed to Delta Volumes. There is also a special ingredient to form the moving average and channel.

All the best.
You can be anything you want to be
  • #48
  • Sep 25, 2015 10:05am Sep 25, 2015 10:05am
I thought as much. I think I would prefer the Delta Volumes ones, seems more accurate to me. Of course, they are your indicators anyway lol
  • #49
  • Sep 25, 2015 10:11am Sep 25, 2015 10:11am
Quoting cardm3n
I thought as much. I think I would prefer the Delta Volumes ones, seems more accurate to me. Of course, they are your indicators anyway lol
Will post it so you can test - but please do so on demo. Will give GU template.

This is no grail. Has to be incorporated into strat. Will do so over the next few days. Draw downs has been serious on a few.. Maybe you can improve.

Regards
You can be anything you want to be
  • #50
  • Sep 25, 2015 10:15am Sep 25, 2015 10:15am
Of course I can help you test and see what I can come up with. But will it only work on GU? Its not necessarily my favorite pair lol but some pairs act differently, would like to see how it looks like on some of the other majors.

This is your indi, how can I improve? lol Im supposed to be learning from you!
  • #51
  • Sep 25, 2015 10:23am Sep 25, 2015 10:23am
Quoting cardm3n
Of course I can help you test and see what I can come up with. But will it only work on GU? Its not necessarily my favorite pair lol but some pairs act differently, would like to see how it looks like on some of the other majors. This is your indi, how can I improve? lol Im supposed to be learning from you!
I have only put together for EU and GU on the Delta. But any pair is possible in theory. GU seems to give more entry points due to it's volatility.

I'm learning here also - this thing is barely 30 days old. No expert. Just saw a pattern. Thank you for your willingness to test. Will PM you once loaded. Will delete post 24hrs later.

Nice weekend.
You can be anything you want to be
  • #52
  • Sep 25, 2015 10:34am Sep 25, 2015 10:34am
Last straw. To keep it transparent - herewith the entries.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 88 KB
You can be anything you want to be
  • #53
  • Sep 25, 2015 10:37am Sep 25, 2015 10:37am
Yeah, saw that one coming man. Sorry man. Good thing its just demo right?
  • #54
  • Sep 25, 2015 10:56am Sep 25, 2015 10:56am
Quoting cardm3n
Yeah, saw that one coming man. Sorry man. Good thing its just demo right?
not too soon though. Well done. Close in profit if you can. I'm waiting on the side. We meet again.
You can be anything you want to be
  • #55
  • Sep 25, 2015 11:08am Sep 25, 2015 11:08am
Quoting badblood
{quote} not too soon though. Well done. Close in profit if you can. I'm waiting on the side. We meet again.
Once I went back to BE I tried closing off part of my position but my broker has a minimum lot size and inadvertently I ended up closing my whole trade too early, and then I watched it drop down to my original TP. Rooky mistake on my part. Its a new broker to me so this rule still isn't hardwired into my reaction time

Responded.
  • #56
  • Sep 25, 2015 11:22am Sep 25, 2015 11:22am
Quoting cardm3n
{quote} Once I went back to BE I tried closing off part of my position but my broker has a minimum lot size and inadvertently I ended up closing my whole trade too early, and then I watched it drop down to my original TP. Rooky mistake on my part. Its a new broker to me so this rule still isn't hardwired into my reaction time Responded.
Was kidding, sir

Ample opportunity to profit both sides. We are in a "down trend" after all.( not my view though)

I maintain this to be a major bear trap though.Alas - time will tell.
You can be anything you want to be
  • #57
  • Sep 25, 2015 11:36am Sep 25, 2015 11:36am
Quoting badblood
{quote} Was kidding, sir Ample opportunity to profit both sides. We are in a "down trend" after all.( not my view though) I maintain this to be a major bear trap though.Alas - time will tell.
Unfortunately, I did this much before you mentioned it lol so it was my own mess up.

Have no experience with bear traps, but iIve seen mice steal cheese from mouse traps, so who is to say we are not as smart as mice? lol
  • #58
  • Sep 28, 2015 8:04am Sep 28, 2015 8:04am
first sign of upturn on AUD for quite a while. Another way of looking at this.. divergence

Long
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 58 KB
You can be anything you want to be
  • #59
  • Sep 28, 2015 3:18pm Sep 28, 2015 3:18pm
Hey BadBlood, I sent you a email, please take a look, thanks.
  • #60
  • Oct 13, 2015 5:17am Oct 13, 2015 5:17am
Possible OverSold GU - 15 min

Long
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 71 KB
You can be anything you want to be
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