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  • #16,261
  • Aug 23, 2016 5:17pm Aug 23, 2016 5:17pm
On my watch list for now is USDCAD on weekly tf.
DS short and X cross long developing.
Monthly is still long and creating a DS long.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADmicroWeekly.png Size: 110 KB
Work smarter,not harder
  • #16,262
  • Aug 23, 2016 5:54pm Aug 23, 2016 5:54pm
Quoting marcof91
On my watch list for now is USDCAD on weekly tf. DS short and X cross long developing. Monthly is still long and creating a DS long. {image}
😊 Nice idea.....Looks like it has already began to go long...
For some reason I rarely follow your trades ( have done one or two ) even though they are spot on .....I just moan at myself when you post a 1000 pip gain a couple of weeks later 😊
  • #16,263
  • Aug 24, 2016 3:50am Aug 24, 2016 3:50am
That was nice alignment on EURAUD....Barely starting short on daily -H4 divergence, and both stochs showing divergence on H1.....Dropped quick....
Which is what I like for quick pips....
  • #16,264
  • Aug 24, 2016 4:11am Aug 24, 2016 4:11am
Quoting Sparkoz
That was nice alignment on EURAUD....Barely starting short on daily -H4 divergence, and both stochs showing divergence on H1.....Dropped quick.... Which is what I like for quick pips....
Hi Sparkoz

It was quick. Can you please do a screenshot and mark the divergence. I still cant see the elusive divergence. I'm missing something.

thanks.
"It's life, Jim, but not as we know it."
  • #16,265
  • Aug 24, 2016 4:40am Aug 24, 2016 4:40am
Quoting guymontag
{quote} Hi Sparkoz It was quick. Can you please do a screenshot and mark the divergence. I still cant see the elusive divergence. I'm missing something. thanks.
Hey guy Im in a rush, even though I got a day off so have the kids 😊 have a look in my uploads and download that stochastic divergence indi and load it for the fast & medium stochs....It will help you spot these things .... I use this all the time..Put it in a window underneath 😊
  • #16,266
  • Aug 24, 2016 5:35am Aug 24, 2016 5:35am
Quoting Sparkoz
{quote} Hey guy Im in a rush, even though I got a day off so have the kids 😊 have a look in my uploads and download that stochastic divergence indi and load it for the fast & medium stochs....It will help you spot these things .... I use this all the time..Put it in a window underneath 😊
Great. Thanks. I've put it on and I will give it a go.

thanks Sparkoz.
"It's life, Jim, but not as we know it."
  • #16,267
  • Aug 24, 2016 5:53am Aug 24, 2016 5:53am
Quoting guymontag
{quote} Great. Thanks. I've put it on and I will give it a go. thanks Sparkoz.
Generally use it on 1h plus....
Helps to train your eyes too I think....
Shows all alien hook setups etc then..
Have used it on M15 but these would be scalps...
Not a change of direction hook....
  • #16,268
  • Aug 24, 2016 8:33am Aug 24, 2016 8:33am
Quoting marcof91
On my watch list for now is USDCAD on weekly tf. DS short and X cross long developing. Monthly is still long and creating a DS long. {image}
Hey marco

could you share your template please? THX!
  • #16,269
  • Aug 24, 2016 8:52am Aug 24, 2016 8:52am
Quoting rukiver
{quote} Hey marc
o could you share your template please? THX!
In his signature....
  • #16,270
  • Aug 25, 2016 3:48am Aug 25, 2016 3:48am
Quoting Sparkoz
{quote} In his signature....
oh thanks!
  • #16,271
  • Aug 25, 2016 4:04am Aug 25, 2016 4:04am
Hey aliens,

Food for thought

AUDJPY - wedge? - H4 BBS
ADX resting

NZDUSD - wedge? on daily time frame + BBS
Full ADX power on monthly, weekly and daily - H4 is retracing (ADX 7 & 21)


NZDCHF - wedge? on daily timeframe + BBS
Full ADX power on the weekly and daily timeframes - H4 ADX is resting (ADX 7 & 21)


NZDJPY - wedge? on daily timeframe + BBS
ADX 144 has turned
H4 ADX all grey
After the 24th June 2016 breakout of the BBS price has been staying around the weak supdem area

CADJPY - wedge? on daily timeframe + BBS on current candle
Full ADX power on weekly and daily timeframes

CADCHF - wedge? on weekly timeframe
on daily timeframe ADX 144 and 89 present

There are more wedges like
EURJPY
EURNZD

Why price has little movement on the higher time frames

One time i came across information that explained why during summer - (the months of July and August) price usually does not move much especially on the higher timeframes
When the guy said he never trades during summer I got interested as to why he would stay away from trading forex for two whole months?

He said it's because most institutional traders + banks (forex traders) are on summer holidays and resume trading in September. This is also the same during Christmas holidays (from December 15th to the 5th of January the following year - if it's not a weekend)
When i heard this I tried to do a small back test and saw that it was true. I don't have proof of this but I've seen little movement on the higher timeframes the past two months. We can see wedge formation as ADX contracts and expands. Yesterday during Asian session I tried to watch the strongest VS the weakest currencies and there was no movement at all.

Maybe its a proven fact maybe not
But I thought it better to share it and see what other aliens think.

Thanks aliens
  • #16,272
  • Aug 25, 2016 4:46am Aug 25, 2016 4:46am
Quoting fxlocator
Hey aliens, Food for thought AUDJPY - wedge? - H4 BBS ADX resting NZDUSD - wedge? on daily time frame + BBS Full ADX power on monthly, weekly and daily - H4 is retracing (ADX 7 & 21) NZDCHF - wedge? on daily timeframe + BBS Full ADX power on the weekly and daily timeframes - H4 ADX is resting (ADX 7 & 21) NZDJPY - wedge? on daily timeframe + BBS ADX 144 has turned H4 ADX all grey After the 24th June 2016 breakout of the BBS price has been staying around the weak supdem area CADJPY - wedge? on daily timeframe + BBS on current candle Full ADX power...
Yes, this is well known fact. During this period, some people trade only lower TF scalping. Also, by rule, some people don't trade on Friday and/or Monday at all.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #16,273
  • Aug 25, 2016 4:58am Aug 25, 2016 4:58am
Quoting heispark
{quote} Yes, this is well known fact. During this period, some people trade only lower TF scalping. Also, by rule, some people don't trade on Friday and/or Monday at all.
Thanks heispark, couldn't have had a way of knowing this for sure. I really appreciate your quick response.
Green pips always
  • #16,274
  • Aug 25, 2016 9:15am Aug 25, 2016 9:15am
Quoting fxlocator
{quote} Thanks heispark, couldn't have had a way of knowing this for sure. I really appreciate your quick response. Green pips always
I´d wait until Yellen is finished with her speech - after that the market will move.

USDJPY is mixed also.
  • #16,275
  • Edited Aug 26, 2016 2:44am Aug 25, 2016 11:53am | Edited Aug 26, 2016 2:44am
Quoting Boferer
{quote} Id wait until Yellen is finished with her speech - after that the market will move. USDJPY is mixed also.
Thank you very much Boferer for your perspective - opens my eyes to view the whole picture.

Green pips always
  • #16,276
  • Aug 26, 2016 4:44am Aug 26, 2016 4:44am
Quoting heispark
{quote} Yes, this is well known fact. During this period, some people trade only lower TF scalping. Also, by rule, some people don't trade on Friday and/or Monday at all.
Yes its well known but Im wondering has anybody ever tested this? Fxlocator are You thinking about doing some research on it?
  • #16,277
  • Aug 26, 2016 5:55am Aug 26, 2016 5:55am
Quoting Songok
{quote} Yes its well known but Im wondering has anybody ever tested this? Fxlocator are You thinking about doing some research on it?
Test what? It's enough to see daily range to find how the volitility shrinked:
http://www.myfxbook.com/forex-market/volatility
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-08-26_19-53-11.png Size: 74 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #16,278
  • Aug 26, 2016 6:17am Aug 26, 2016 6:17am
Quoting heispark
{quote} Test what? It's enough to see daily range to find how the volitility shrinked: http://www.myfxbook.com/forex-market/volatility {image}
Do You have data to compare it too? It looks like it but I think its interesting how much less volatility is really in this summer time.
  • #16,279
  • Aug 26, 2016 6:26am Aug 26, 2016 6:26am
Gold long at 1320, TP 1340.
Per aspera ad astra
  • #16,280
  • Aug 26, 2016 6:39am Aug 26, 2016 6:39am
Hi Alien friends,
with this indi you can compare ATR with ADR values. Cheers.
Attached File(s)
File Type: ex4 ADR_ATR_24_PAIR.ex4   22 KB | 580 downloads
Per aspera ad astra
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