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Chart Talk

  • #1
  • First Post: Edited Feb 27, 2016 8:00am Oct 29, 2015 1:16am | Edited Feb 27, 2016 8:00am
Hello,

This is a trail to convey trading experience,you are welcome to ask me what you want.This thread is chart oriented stuff.

I don't believe in indicators,but in BB,so please don't mention them in my thread.

I have little time to respond so bear with me.
atheer1
  • #2
  • Oct 29, 2015 1:31am Oct 29, 2015 1:31am
Our first chart
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atheer1
  • #3
  • Edited 2:43am Oct 29, 2015 2:32am | Edited 2:43am
Attachment What else do you want to buy................
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atheer1
  • #4
  • Oct 29, 2015 2:37am Oct 29, 2015 2:37am
hi.. atheer1 im using this stra. after long time .

this type of stra. is very helpful when market move on ranging situation .

i have use 3 rules and 3 indicators in this thread ,
and Bar Chart


indicator ,
1. BB bands Settings = 12 of moving average and 2 for std.Dev
2. MACD Settings = No Change , (12, 6 , 9 )
3. RSI Settings = 7 Bars



for uptrend,

1 Bolinger band pointing up and price touching band
2 macd above zero and greenbars
3 rsi above 68 and green triangle

end of uptrend ,

BB flatterns
bars turns black
triangle disappear



for downtrend,

1 Bolinger band pointing down and price touching band
2 macd below zero and redbars
3 rsi below 32 and red triangle

end of downtrend,

BB flatterns
bars turns black
triangle disappear
Attached Images
AJ
  • #5
  • Oct 29, 2015 3:37am Oct 29, 2015 3:37am
Quoting Rajshakha
hi.. atheer1 im using this stra. after long time . this type of stra. is very helpful when market move on ranging situation . i have use 3 rules and 3 indicators in this thread , and Bar Chart indicator , 1. BB bands Settings = 12 of moving average and 2 for std.Dev 2. MACD Settings = No Change , (12, 6 , 9 ) 3. RSI Settings = 7 Bars for uptrend, 1 Bolinger band pointing up and price touching band 2 macd above zero and greenbars 3 rsi above 68 and green triangle end of uptrend , BB flatterns bars turns black triangle disappear for downtrend, 1 Bolinger...
Hello Rajshakha,

Its nice to have your opinion.My trading style is not dependent on indicators,so I don't need them for trading decisions,although I put BB on my chart to know how extreme the price at a certain moment of time.what made my trading decisions are only some parameters:

1. price and its reaction to certain level
2. the risk that certain level will give me

Those are the most important,and for more than 10 years,I don't find a need for other stuff to trade successfully.

A horizontal line is all that you need to trade

Thanks again for sharing your stuff

Trade well

atheer1
atheer1
  • #6
  • Oct 29, 2015 3:52am Oct 29, 2015 3:52am
Quoting atheer1
{quote} A horizontal line is all that you need to trade
Would you mind how do you play with horizontal line .
deep RoT is essential for everlasting happyness
  • #7
  • Oct 29, 2015 4:39am Oct 29, 2015 4:39am
Quoting X.work
{quote} Would you mind how do you play with horizontal line .
Hello X.work,

Nice to have you in my thread.I will try my best to explain how I trade it,remembering that its not only one idea.I will explain the charts attached above.

chart 1 which is eurusd H1 chart from Oct 28,2015.............

usually I divide my chart field into exact 10 pip horizontal levels above and below current price...............

I pay attention to candle color and close in relation to these line,i.e when a bear candle closes below a line that is a significant achievement for bears or when this candle test another 10 zone and it fails to close below that is also a significant achievement for bulls and vice versa for a bull candle an so on............

significant turning point usually, but not always, start with 2 consecutive candles of the same color and of good close in the range............

In our first chart example 2 bear candles which were followed by significant down move of price so the range of 10's depicted by those 2 candles is a good territory to resell the euro, green dotted horizontal lines,and so yesterday the candle labeled by the red arrow is a good reaction of this zone indicating that seller are serious so good area to sell whether by pending orders inside the zone which will give the least risk or by waiting for the close of the mentioned labeled candle..........

that is just an example of areal trade I took yesterday

I apologize for any unclear things here and there,but i will do my best to enlighten the subject later on....................

Trade well,
atheer1
atheer1
  • #8
  • Oct 29, 2015 5:18am Oct 29, 2015 5:18am
More clarification


atheer1
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atheer1
  • #9
  • Oct 29, 2015 6:52am Oct 29, 2015 6:52am
another chart..........

have fun finding the same setup

atheer1

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atheer1
  • #10
  • Oct 29, 2015 8:19am Oct 29, 2015 8:19am
CHART 5

Again and over again

atheer1

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atheer1
  • #11
  • Oct 29, 2015 12:44pm Oct 29, 2015 12:44pm
I Feel that I am alone speaking to my echo....................


atheer1
atheer1
  • #12
  • Oct 29, 2015 3:43pm Oct 29, 2015 3:43pm
Quoting atheer1
I don't believe in indicators, but in BB

Bollinger Bands are an indicator.

They're just a chart-display of a simple moving average and standard deviations from that simple moving average: you can't get much more indicator-ish than that.
  • #13
  • Oct 29, 2015 4:35pm Oct 29, 2015 4:35pm
Quoting Xela
{quote} Bollinger Bands are an indicator. They're just a chart-display of a simple moving average and standard deviations from that simple moving average: you can't get much more indicator-ish than that.
hello Xela,
nice to see you here,yes I know BB and yes I use them in my charting.I don't need any more indicators.

atheer1
atheer1
  • #14
  • Oct 29, 2015 5:03pm Oct 29, 2015 5:03pm
6th chart

I hope that you like it.................

atheer1

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atheer1
  • #15
  • Oct 29, 2015 5:09pm Oct 29, 2015 5:09pm
Forex is boring always the same thing repeat every day


atheer1
atheer1
  • #16
  • Oct 29, 2015 5:16pm Oct 29, 2015 5:16pm
New traders don't listen to them,they are complicating things,to steel money from you.Its just simple as water.

atheer1
atheer1
  • #17
  • Oct 30, 2015 4:12am Oct 30, 2015 4:12am
All time frames are valid...................


atheer1

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atheer1
  • #18
  • Nov 4, 2015 3:46pm Nov 4, 2015 3:46pm
another one


atheer1

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atheer1
  • #19
  • Feb 26, 2016 5:02am Feb 26, 2016 5:02am
​Hello atheer1,

looks interesting, what settings do you use for the BB, if it is important? Thanks.
  • #20
  • Feb 26, 2016 5:11am Feb 26, 2016 5:11am
Quoting Forex Lion
​Hello atheer1, looks interesting, what settings do you use for the BB, if it is important? Thanks.
standard 20,0,2
atheer1
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