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FX Dynamite

GBPCAD - Sell setup

Regards,
Blackeagle
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Thank You Varun for teaching us.
Get ready for GJ short entry
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Quoting Blackeagle
EURCAD - Sell setup Regards, Blackeagle {image} {image}
Nice Setup, Price was also rejected at 200EMA (Daily).

Waiting for AUD/CAD, EUR/JPY, GBP/JPY, Going to break the MA's.
The Earlier You Start, The More Time You Have To Mess Up.
GBPNZD - Buy setup - getting ready

Regards,
Blackeagle
Attached Image(s) (click to enlarge)
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Quoting Blackeagle
GBPNZD - Buy setup - getting ready Regards, Blackeagle {image} {image}
Take care with your BUY signal!
I don't agree...
It would be nice, if there where a EA ore an indicator that could tell us wich pairs whe should trade
Now i`ve have to check all the pairs and looking for a good setup.

I don`t know is this is possible ?
Erwin
Quoting varun76
{quote} It will always be separated in connection with 10,3,3 instead I suggest to put on momentum indi it's a handy one mark level 100 (or 0 for some broker). It will help to see divergence and momentum to enter the trade. V
Thanks for the info...
I cant find any numbers in the thread what risk to reward we have mostly at our trades ? And the winning rates in percent ? please


Best regards
Quoting thedutchmen
It would be nice, if there where a EA ore an indicator that could tell us wich pairs whe should trade Now i`ve have to check all the pairs and looking for a good setup. I don`t know is this is possible ? Erwin
You can use a Strength indicator.
The Earlier You Start, The More Time You Have To Mess Up.
Quoting Ducdaovn
{quote} Take care with your BUY signal! I don't agree...
If H1 breaks all MAs, it is a buy signal by the rules.

Regards,
Blackeagle
Quoting Blackeagle
{quote} If H1 breaks all MAs, it is a buy signal by the rules. Regards, Blackeagle
GBPNZD


1/ It's still not a valid BUY setup in H4
2/ If you switch to H1, you will see SELL setup already there...
3/ and on M30, price very close to break all MA* and go to SELL trigger.
All the best!
Quoting thedutchmen
It would be nice, if there where a EA ore an indicator that could tell us wich pairs whe should trade Now i`ve have to check all the pairs and looking for a good setup. I don`t know is this is possible ? Erwin
Quite possible. All you need to do is go over charts every 4 hour and take notes which ones present a potential setup. This takes only 5-10 minutes for 35-40 pairs for a trained eye. Or follow fewer pairs.

Regards,
Blackeagle
  • Post #173
  • Quote
  • Edited Mar 8, 2016 2:19am Mar 7, 2016 4:22am | Edited Mar 8, 2016 2:19am
Quoting thedutchmen
It would be nice, if there where a EA ore an indicator that could tell us wich pairs whe should trade Now i`ve have to check all the pairs and looking for a good setup. I don`t know is this is possible ? Erwin
Checking for setups with your own eyes is more reliable than any indicator

  1. On mobile platform it's easy to tap through the charts. And you get fast at seeing setups.
  2. On MT4 Desktop, you can leave the 28 major charts open -- to flip quickly with Ctrl-Tab.

That said, there is a Helper indicator on the older thread you can find, but please do not link.

Varun did not mention it, so I am sure he prefers us to use our eyes & brains only, like he does.

Quoting Ducdaovn
{quote} GBPNZD 1/ It's still not a valid BUY setup in H4 2/ If you switch to H1, you will see SELL setup already there... 3/ and on M30, price very close to break all MA* and go to SELL trigger. All the best!
Go to Post 1 and see Varun's GBPJPY chart for buy setup. It is exactly the same. So it is a buy setup. There was a sell setup last week on H4 and triggered at 2.1014. Until 2.08292 is breached, we accept the recent low as HL. So, it is buy setup.

It is definitely not a sell setup as H4 stoch is below 70.

I don't care about M30 as it is not by the rules to follow M30 chart.

It seems you need to reread Post #1.

Regards,
Blackeagle
Quoting Pip Bandit
Thank You Varun for teaching us. Get ready for GJ short entry {image} {image}
GJ shows HH- HL on H4, therefore you need to look for a buy setup not sell.

Regards,
Blackeagle
Quoting Blackeagle
{quote} Go to Post 1 and see Varun's GBPJPY chart for buy setup. It is exactly the same. So it is a buy setup. There was a sell setup last week on H4 and triggered at 2.1014. Until 2.08292 is breached, we accept the recent low as HL. So, it is buy setup. It is definitely not a sell setup as H4 stoch is below 70. I don't care about M30 as it is not by the rules to follow M30 chart. It seems you need to reread Post #1. Regards, Blackeagle
Hi Blackeagle,

If it is a HL and crosses 30 on stoch then it is a buy signal and if it is a LH and crosess 70 it is sell signal is that correct, depending on a trend shown on H4 TF ?
Hello Varun,

Thank You Very Much!!! For this support and guidance, I have started following you and the thread today as I came across it and I truly must say that reading all the post here shows the incredible potential for us to learn. Much Appreciated.
Quoting Brook
{quote} Hi Blackeagle, If it is a HL and crosses 30 on stoch then it is a buy signal and if it is a LH and crosess 70 it is sell signal is that correct, depending on a trend shown on H4 TF ?
From Varun's point of view, it is correct. But from pure technical analysis point of view, if you look at GBPNZD H4 chart, the trend is down and March 2nd top is LH. Then when stoch dips below 30 during retrace and price breaks all MAs on H1, Varun assumes HL is in place to catch trend change in its initial stage. Normally this is a bit risky because according to Dow theory, upward trend is a series of successively higher highs and lower highs as shown below:

Varun assumes uptrend starts at 3 (when price breaks all MAs on H1), but normally it starts after price penetrates 2. That's his definition of trend and I respect it. If you would like to trade this strategy for established trends, then you should look for an entry after 5, after confirming LH - HL - HH (2-3-4 on diagram). Hope this helps.

Regards,
Blackeagle
Attached Image
Quoting Blackeagle
{quote} GJ shows HH- HL on H4, therefore you need to look for a buy setup not sell. Regards, Blackeagle
In 4 hour tf its making LH, so no Buy signal
Quoting Blackeagle
{quote} From Varun's point of view, it is correct. But from pure technical analysis point of view, if you look at GBPNZD H4 chart, the trend is down and March 2nd top is LH. Then when stoch dips below 30 during retrace and price breaks all MAs on H1, Varun assumes HL is in place to catch trend change in its initial stage. Normally this is a bit risky because according to Dow theory, upward trend is a series of successively higher highs and lower highs as shown below: Varun assumes uptrend starts at 3 (when price breaks all MAs on H1), but normally...
Thanks a Lot for clearing that for me. So looking on GBPNZD as of right now the buy signal is valid and we can get in trade once one of the candle closes above all the EMA's right? Which hasn't occurred yet but eventually wiLl.
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