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How to predict markets, Catch the moves at value

  • #521
  • Sep 12, 2016 9:50am Sep 12, 2016 9:50am
Quoting gal007
{quote} Hi Dennis What form are those Indi's Mt4 or Java ? Cheers Gareth
Java
  • #522
  • Sep 12, 2016 9:52am Sep 12, 2016 9:52am
Quoting davidman
Hi Dennis. Thanks for the guidance and sharing. I am finding this thread fascinating albeit I use MT4 which unfortunately is not compatible with your indicators. My pivots are all good so no problem. At this moment EU UJ both moving down. Is this something you consider when opening correlation positions? Or do you trust that the correlation will eventually work out? Also, what is your opinion that EU will reach parity this year? Are you considering NFP levels on EU as well? Much appreciated.

Yes, UJ and EU correlate quite well opposite so I use EU as my hedge when in a negative trade
  • #523
  • Sep 12, 2016 9:53am Sep 12, 2016 9:53am
Quoting Dennis1468
On UJ if we Continue down my first entry will be on the S1 monthly. If we reverse on daily S1 S2 my first entry will then be buy if candle closes above Daily PP and buy the best pull back I can to Target the next handle 103 take half profit hang to 104.. Only Fed minutes tonight. Remember if we reverse, this wide initial range is gonna be hard to break if we pull on top We trading below NFP range which adds to the fire

May get my Shelf on Monthly S1 FMOC minutes....may have effect
  • #524
  • Sep 12, 2016 9:59am Sep 12, 2016 9:59am
Sorry we have not covered to much in detail lately, we will. Sometimes I have to chill like we all do
  • #525
  • Sep 12, 2016 10:31am Sep 12, 2016 10:31am
Quoting Dennis1468
{quote} May get my Shelf on Monthly S1 FMOC minutes....may have effect
This will test the size of ya... to hold or not to hold long...That is the question
  • #526
  • Sep 12, 2016 10:37am Sep 12, 2016 10:37am
I basically jumped in on UJ on the spike down. Long position its not convincing to break so i will hold until it print zero profit if we dont break above 102
  • #527
  • Sep 12, 2016 10:38am Sep 12, 2016 10:38am
Quoting Dennis1468
{quote} Ah your a Pivot trader, you been doing this making money fora long time well done.............
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow1.png Size: 48 KB


No, not a pivot trader.
Using pivots and studying your teachings to time entries better.
Most of trading is waiting.
Waiting for price to reach PP and R1 today saved a few losing entries.
And even if I miss a winner
There is always another trade
Always.
Thank You.
Cheers.

Attached Image (click to enlarge)
Click to Enlarge Name: Bruce-Lee-Quote-Absorb-what-is-useful.jpg Size: 56 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #528
  • Sep 12, 2016 10:42am Sep 12, 2016 10:42am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 46 KB


Easier to see on H1 chart.
Waiting for highest/lowest open is what I do.
Adding the wait for price to get near a PP to pull the trigger.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #529
  • Sep 12, 2016 10:59am Sep 12, 2016 10:59am
Quoting Dennis1468
{quote} Yes, UJ and EU correlate quite well opposite so I use EU as my hedge when in a negative trade
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow1.png Size: 60 KB


OVERLAY CHART helps you see how the pairs move relative to each other.
UJ black/white
EU pink/green
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #530
  • Sep 12, 2016 11:10am Sep 12, 2016 11:10am
Quoting TooSlow
{quote} {image} OVERLAY CHART helps you see how the pairs move relative to each other. UJ black/white EU pink/green

Yes excellent stuff......................there back in Sinc and lost in the music
  • #531
  • Sep 12, 2016 11:24am Sep 12, 2016 11:24am
Nice TooSlow. Would be interesting to backtest this correlation on different timeframes buying or selling both EU and UJ simultaneously.

You mention "Waiting for highest/lowest open is what I do." Do you mean after/before pp?

Thanks
  • #532
  • Sep 12, 2016 11:58am Sep 12, 2016 11:58am
Quoting TooSlow
{image} Easier to see on H1 chart. Waiting for highest/lowest open is what I do. Adding the wait for price to get near a PP to pull the trigger.
Hi TooSlow. Just found your personal thread so all is explained. Will read further.

Many thanks
  • #533
  • Sep 12, 2016 12:11pm Sep 12, 2016 12:11pm
Quoting Dennis1468
{quote} This will test the size of ya... to hold or not to hold long...That is the question

Thats what Im talking about Chicken Dinner
  • #534
  • Sep 12, 2016 12:14pm Sep 12, 2016 12:14pm
Quoting Dennis1468
{quote} Thats what Im talking about Chicken Dinner

You will get the confidence over time to hold and hold and hold. now lets see if we can brake that 102 Handle
  • #535
  • Sep 12, 2016 12:41pm Sep 12, 2016 12:41pm
Quoting davidman
Nice TooSlow. Would be interesting to backtest this correlation on different timeframes buying or selling both EU and UJ simultaneously. You mention "Waiting for highest/lowest open is what I do." Do you mean after/before pp? Thanks
Trading is not an exact science.
Trading is full of uncertainty.
Most traders seek exactness and certainty.
Which leads to their undoing.
"Close enough" is good enough.
Backtesting trading methods is futile.
Respect the UNCERTAINTY PRINCIPLE.
Price remains the same regardless of your chart time frame.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #536
  • Sep 12, 2016 1:09pm Sep 12, 2016 1:09pm
Quoting Dennis1468
{quote} EU up UJ down
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 31 KB


Yes.
Buy EUR Sell USD
Buy USD Sell JPY
Yields
Buy EUR Sell JPY
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #537
  • Sep 12, 2016 1:26pm Sep 12, 2016 1:26pm
Quoting TooSlow
{quote} Trading is not an exact science. Trading is full of uncertainty. Most traders seek exactness and certainty. Which leads to their undoing. "Close enough" is good enough. Backtesting trading methods is futile. Respect the UNCERTAINTY PRINCIPLE. Price remains the same regardless of your chart time frame.
Respect your view but you're preaching to the converted. Agree that backtesting is not an exact science but disagree that different timeframes will produce the same results. EA's that incorporate different time frames produce vastly different results. I would therefore suggest that correlation trading is also not an exact science but I am, nevertheless, still very grateful to Dennis for teaching me something new to consider. I am also very grateful that there are still people who freely share their knowledge and experience.
So, TooSlow, thanks sincerely for your input. Always good to learn how others trade. Looking forward to this journey.
  • #538
  • Sep 12, 2016 1:41pm Sep 12, 2016 1:41pm
Quoting davidman
{quote} Respect your view but you're preaching to the converted. Agree that backtesting is not an exact science but disagree that different timeframes will produce the same results. EA's that incorporate different time frames produce vastly different results. I would therefore suggest that correlation trading is also not an exact science but I am, nevertheless, still very grateful to Dennis for teaching me something new to consider. I am also very grateful that there are still people who freely share their knowledge...
Converted?
Convert from what?
To what?
Never said EAs did not.
The statement about price is true: Price remains the same regardless of your chart time frame.
Draw the weekly open price on any time frame.
Change the time frame.
Did the price change?
Of course not.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #539
  • Sep 12, 2016 2:44pm Sep 12, 2016 2:44pm
Can't find the formula for the CPR.
Please help.
Thank you.
Cheers
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #540
  • Sep 12, 2016 5:30pm Sep 12, 2016 5:30pm
Quoting TooSlow
Can't find the formula for the CPR. Please help. Thank you. Cheers
CPR is the equivalent to TC/P/BC on image

JL
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Started a blog: terraceman blogspot com
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