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Forex Made Millionaire Thread for Blog Swing Trades

  • #2,061
  • Mar 7, 2016 2:53am Mar 7, 2016 2:53am
Hi JampelD.
Thanks for the advice. I understand how to put the fibs on, its just that for some reason when I put the fib on it doesn't look like Pip Miners Eur/Usd example.
OOP'S hold on just checked again on the four hourly chart before sending this and it is spot on to Pip Miners. Sorry to have wasted your time, but a very big thankyou.
Kind Regards
Kev
  • #2,062
  • Mar 7, 2016 2:58am Mar 7, 2016 2:58am
Quoting SulikFXer
Hey guys, looking on UC on Geppy's analysis, Comparing it to my chart, the UC closed about 130 pips below 200MA. Im using simple algorithm just like him. I noticed one trader wrote about it here. Anyone else has this difference? This is a pretty good thing to be in sync with, since its a clear signal for shorts. any ideas?
Here is UC daily, I use eMA and it is giving me same result as Geppy's. And there is also the blue trend line. Double Resistance.
Attached Image (click to enlarge)
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  • #2,063
  • Mar 7, 2016 3:06am Mar 7, 2016 3:06am
short ucad [email protected]
  • #2,064
  • Mar 7, 2016 3:08am Mar 7, 2016 3:08am
Quoting Forex147
{quote} Here is UC daily, I use eMA and it is giving me same result as Geppy's. And there is also the blue trend line. Double Resistance. {image}
eMA? where did you find that indicator? its not standard to MT4 I guess?
Im using just Moving Average, set to Simple / period 200, the red one.
As you can see my chart gives me a complete different story... ehhh..
Attached Image (click to enlarge)
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  • #2,065
  • Mar 7, 2016 3:12am Mar 7, 2016 3:12am
I will share my usdcad diagram one more time, two channels have formed
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad2.PNG Size: 32 KB
  • #2,066
  • Mar 7, 2016 3:14am Mar 7, 2016 3:14am
Quoting SulikFXer
{quote} eMA? where did you find that indicator? its not standard to MT4 I guess? Im using just Moving Average, set to Simple / period 200, the red one. As you can see my chart gives me a complete different story... ehhh.. {image}
change simple -> exponential =eMA
  • #2,067
  • Mar 7, 2016 3:15am Mar 7, 2016 3:15am
Quoting SulikFXer
{quote} eMA? where did you find that indicator? its not standard to MT4 I guess? Im using just Moving Average, set to Simple / period 200, the red one. As you can see my chart gives me a complete different story... ehhh.. {image}
Haha , eMA stands for exponential moving average, and even if I try the simple ma give me a near result, strange as I am using MT4 .
  • #2,068
  • Mar 7, 2016 3:18am Mar 7, 2016 3:18am
Quoting Geppy
{quote} Looks like you're using and exponential moving average. I use the simple moving average.
Geppy said he uses simple method.
also if i switch to expotential, the UC still closes below 200 ema.
This is weird.
Can this be broker-dependand?
  • #2,069
  • Mar 7, 2016 3:21am Mar 7, 2016 3:21am
Quoting Pip-Miner
I will share my usdcad diagram one more time, two channels have formed {image}
Pip Miner I don't know if it is the colors of your chart or my eyes but I always find difficulty in reading your charts.
  • #2,070
  • Mar 7, 2016 3:22am Mar 7, 2016 3:22am
Quoting SulikFXer
{quote} Geppy said he uses simple method. also if i switch to expotential, the UC still closes below 200 ema. This is weird. Can this be broker-dependand? {image}
Are u using MT4 or MT 5???
  • #2,071
  • Mar 7, 2016 3:23am Mar 7, 2016 3:23am
Quoting Forex147
{quote} Pip Miner I don't know if it is the colors of your chart or my eyes but I always find difficulty in reading your charts.
can you see yellow ?
  • #2,072
  • Mar 7, 2016 3:25am Mar 7, 2016 3:25am
Quoting Pip-Miner
{quote} can you see yellow ?
Hahaha, well I see fibo lines in yellow and a TL also , I can see no channel.
  • #2,073
  • Mar 7, 2016 3:25am Mar 7, 2016 3:25am
Quoting Forex147
{quote} Are u using MT4 or MT 5???
MT4
  • #2,074
  • Mar 7, 2016 3:29am Mar 7, 2016 3:29am
Quoting SulikFXer
{quote} MT4
This is really strange .....
  • #2,075
  • Mar 7, 2016 3:51am Mar 7, 2016 3:51am
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD D1 (03-07-2016 0445).png Size: 91 KB
this is from fxcm it's trading station not mt4.
  • #2,076
  • Mar 7, 2016 4:04am Mar 7, 2016 4:04am
Quoting madhatter
{image}this is from fxcm it's trading station not mt4.
oh ok, thanks. Hmm not sure how to deal with this now then. Im used to MT4, but this creates a pretty powerful difference between our signals.
I need to figure this out.
  • #2,077
  • Mar 7, 2016 4:13am Mar 7, 2016 4:13am
Quoting Forex147
{quote} Here is UC daily, I use eMA and it is giving me same result as Geppy's. And there is also the blue trend line. Double Resistance. {image}
I can't seem to draw a TL on my chart that looks anything like yours, as you can see on my chart
I'm a bit confused now about U/C...
Attached Image (click to enlarge)
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  • #2,078
  • Mar 7, 2016 4:37am Mar 7, 2016 4:37am
Quoting Bill618
{quote} I can't seem to draw a TL on my chart that looks anything like yours, as you can see on my chart I'm a bit confused now about U/C... {image}
Try connecting the lows of Sep 4 , Sep 19 and Nov21 of 2014 .
  • #2,079
  • Mar 7, 2016 4:48am Mar 7, 2016 4:48am
Quoting Forex147
{quote} Try connecting the lows of Sep 4 , Sep 19 and Nov21 of 2014 .
Still doesn't work for me, our feeds must be the reason.
Are those dates going back 18 months more significant then the two TL's i have drawn on my chart above? They just seem so obscure F147? Thanks for your help!
Bill
  • #2,080
  • Mar 7, 2016 5:05am Mar 7, 2016 5:05am
Quoting Bill618
{quote} Still doesn't work for me, our feeds must be the reason. Are those dates going back 18 months more significant then the two TL's i have drawn on my chart above? They just seem so obscure F147? Thanks for your help! Bill
The Longer the period of the TL , the stronger it is. The Blue line I drew goes with the 200 MA red , which is the line of the main long term trend and as Geppy's earlier mentioned , the U Cad is officially still in an uptrend on the long term unless the MA is violated. That being said you can use the shorter trend line (the lower line in your chart) which is broken already for shorter periods. I have been shorting U C for sometime now and convinced that it is going down and I have shorts for long term ( months) , but I went long today for a shorter period swing trade with little risk.
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