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ZigZag Charm

  • #901
  • May 27, 2017 6:17am May 27, 2017 6:17am
Quoting yousername
{quote} EURUSD M15, Have not took a single trade on Friday because been so busy with other thing especially debugging the Indi for you guys Price has not break 1.1160 which is a neckline of a H&S pattern. When it close below that, look for a sell setup. {image}
the H&S that I was referring to

Quoting yousername
{quote} Additional detail I could be wrong, but this is one possibility that we should anticipate. Don't pull the trigger yet {image} https://youtu.be/6YcIdQ6cYi8
This is not investment/trading advise. Will not hold accountable for loss
  • #902
  • Edited 7:00am May 27, 2017 6:45am | Edited 7:00am
FYI, the next update will be FAR MORE FLEXIBLE.

You can input your OWN INDI SETTING into the music score and you can use EMA,MA,Stochastic, Ichimoku music score in order to draw a zigzag
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  • #903
  • May 27, 2017 7:54am May 27, 2017 7:54am
A glimpse of ZigCharm next build with stochastic and custom setting

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 41 KB
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  • #904
  • Edited 4:25am May 28, 2017 4:08am | Edited 4:25am
NEW TERMINOLOGY

OVER-BOUGHT = A frame that has higher bullish volume in relation to the previous bullish frame. BUT its momentum is much smaller in relation to the previous bullish frame, or there's a contraction.

OVER-SOLD = A frame that has higher bearish volume in relation to the previous bearish frame. BUT its momentum is much smaller in relation to the previous bullish frame, or there's a contraction.
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  • #905
  • May 28, 2017 4:10am May 28, 2017 4:10am
Ascending Oversold = Up trend
Descending Overbought = Down trend

EXAMPLE WILL BE SHOWN SOON!
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  • #906
  • May 28, 2017 4:23am May 28, 2017 4:23am
Quoting yousername
Ascending Oversold = Up trend Descending Overbought = Down trend EXAMPLE WILL BE SHOWN SOON!
Descending OverBought
Attached Image (click to enlarge)
Click to Enlarge Name: Descending OverBought.png Size: 28 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Descending OverBought_2.png Size: 30 KB


That oversold at the bottom of the trend usually is a support.
This is not investment/trading advise. Will not hold accountable for loss
  • #907
  • Edited 5:06am May 28, 2017 4:32am | Edited 5:06am
Quoting yousername
Ascending Oversold = Up trend Descending Overbought = Down trend EXAMPLE WILL BE SHOWN SOON!
Ascending Oversold
Attached Image (click to enlarge)
Click to Enlarge Name: Ascending Oversold.png Size: 25 KB

Attached Image (click to enlarge)
Click to Enlarge Name: ascending oversold 2.png Size: 40 KB
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  • #908
  • Edited 4:48am May 28, 2017 4:38am | Edited 4:48am
Quoting yousername
{quote} Descending OverBought {image}{image} That oversold at the bottom of the trend usually is a support.
Quoting yousername
NEW TERMINOLOGY OVER-BOUGHT = A frame that has higher bullish volume in relation to the previous bullish frame. BUT its momentum is much smaller in relation to the previous bullish frame, or there's a contraction. OVER-SOLD = A frame that has higher bearish volume in relation to the previous bearish frame. BUT its momentum is much smaller in relation to the previous bullish frame, or there's a contraction.
Descending OVerBought using STOCHASTIC = Bearish

Attached Image (click to enlarge)
Click to Enlarge Name: Descending OverBought.png Size: 31 KB
This is not investment/trading advise. Will not hold accountable for loss
  • #909
  • May 28, 2017 4:46am May 28, 2017 4:46am
Quoting yousername
NEW TERMINOLOGY OVER-BOUGHT = A frame that has higher bullish volume in relation to the previous bullish frame. BUT its momentum is much smaller in relation to the previous bullish frame, or there's a contraction. OVER-SOLD = A frame that has higher bearish volume in relation to the previous bearish frame. BUT its momentum is much smaller in relation to the previous bullish frame, or there's a contraction.
Ascending Oversold in an uptrend

Red box = descending oversold
Green box = ascending oversold



Attached Image (click to enlarge)
Click to Enlarge Name: Ascending OverSold (2).png Size: 33 KB
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  • #910
  • May 28, 2017 4:56am May 28, 2017 4:56am
A very nice Ichimoku indicator that compliments zigcharm

Great Info/Article
https://www.mql5.com/en/articles/1469

Download
https://www.mql5.com/en/code/7070

Attached File(s)
File Type: ex4 Alternative_Ichimoku_v07.ex4   14 KB | 254 downloads
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  • #911
  • Edited 5:16am May 28, 2017 5:05am | Edited 5:16am
Quoting yousername
{quote} Ascending Oversold {image} {image}
Quoting yousername
{quote} Descending OverBought {image}{image} That oversold at the bottom of the trend usually is a support.
Basically when you are in an up trend... An oversold frame with small momentum is a bullish retracement

When you are in a down trend... An overbought frame with small momentum is a bearish retracement

Meaning that the retracement is a buying/selling opportunity.

In other word it is the dwarf star that I talked about so often like a broken record.
This is not investment/trading advise. Will not hold accountable for loss
  • #912
  • May 28, 2017 5:48am May 28, 2017 5:48am
Trading example. Bearish trend and sell at overbought frame or the bottom of it

Attached Image (click to enlarge)
Click to Enlarge Name: Descending OverBought_2.png Size: 28 KB
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  • #913
  • May 28, 2017 6:28am May 28, 2017 6:28am
thanks fpr the very good explanations
Everyday better.
  • #914
  • May 28, 2017 9:50am May 28, 2017 9:50am
Quoting arlucad
thanks fpr the very good explanations
Pay attention to this. We're in downtrend. Look at that down trend channel and now we are about to have H&S pattern.
Look for a trading setup there
Furthermore next week AUD has several medium to high impact news.

AUDUSD

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.png Size: 22 KB


Inserted Video
This is not investment/trading advise. Will not hold accountable for loss
  • #915
  • May 28, 2017 9:52am May 28, 2017 9:52am
Quoting yousername
{quote} Pay attention to this. We're in downtrend. Look at that down trend channel and now we are about to have H&S pattern. Look for a trading setup there Furthermore next week AUD has several medium to high impact news. AUDUSD {image}
Try take small risk buying AUDUSD after the bear leg (pale red frame) completion and increase the risk/lots gradually when the projection is coming true
This is not investment/trading advise. Will not hold accountable for loss
  • #916
  • May 28, 2017 9:54am May 28, 2017 9:54am
Quoting arlucad
thanks fpr the very good explanations
I will look for more trade setup in every market as example.
But it will be best if you look for your own as well and share it here. That way you and every one can learn something.
This is not investment/trading advise. Will not hold accountable for loss
  • #917
  • May 28, 2017 9:55am May 28, 2017 9:55am
Quoting yousername
{quote} Pay attention to this. We're in downtrend. Look at that down trend channel and now we are about to have H&S pattern. Look for a trading setup there Furthermore next week AUD has several medium to high impact news. AUDUSD {image}
btw I use zigcharm soft mode
This is not investment/trading advise. Will not hold accountable for loss
  • #918
  • May 28, 2017 10:04am May 28, 2017 10:04am
Quoting yousername
{quote} Pay attention to this. We're in downtrend. Look at that down trend channel and now we are about to have H&S pattern. Look for a trading setup there Furthermore next week AUD has several medium to high impact news. AUDUSD {image} https://www.youtube.com/watch?v=6YcIdQ6cYi8
For your convenience. Please download the AUDUSD template. There you should see my study
Attached File(s)
File Type: tpl AUDUSD 28May2017.tpl   1.5 MB | 249 downloads
This is not investment/trading advise. Will not hold accountable for loss
  • #919
  • May 29, 2017 9:04am May 29, 2017 9:04am
subscribe and spend your valuable time watching these videos here
https://www.youtube.com/channel/UCIf...uDaQ/playlists

Great videos!

Btw I shorted EURUSD https://www.forexfactory.com/showthr...75#post9919775
This is not investment/trading advise. Will not hold accountable for loss
  • #920
  • May 29, 2017 9:08am May 29, 2017 9:08am
Inserted Video


What that and see if you can spot it on AUDUSD H4 TF

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 19 KB
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