stevehopwoodforex.com
https://www.stevehopwoodforex.com/phpBB3/
Print view

10.6 EDSEL
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3259		 Page 184 of 234
Author:  alorente [ Tue Mar 25, 2014 9:47 am ]
Post subject:  10.6 EDSEL
nanningbob » Tue Mar 25, 2014 10:43 am wrote:Now here is a tight range for almost 3 weeks now. nzd/jpy
MTF TMA says it is going down. D1 TMA over top band of W1. H4 over top band of D1 and turned sideways. I´m jumping in with a short.

Thanks for the heads up, Bob.
Author:  astral77 [ Tue Mar 25, 2014 11:42 am ]
Post subject:  10.6 EDSEL v 2.0 range trade
alorente » Tue Mar 25, 2014 6:59 am wrote:I would not substitute STO7 with anything. I use TSI to confirm what STO7 is saying. It acts as a filter of not so good trades like TMA does.
Thanks for the reply AL. Got the message (i.e. use TSI as an additional filter and use STO7 D1 to filter trade direction as well as STO7 in the current time frame).

Kind regards
Author:  Gertje [ Tue Mar 25, 2014 12:03 pm ]
Post subject:  10.6 EDSEL
@ Alorente;

When trading the daily chart using the MTF TMA's what TMA do you use for entry?
For example the current AUDCAD chart, H1 is on top of H4, is on top of D1, is on top of W1.

The D1 chart with the 2 TMA's
audcadfdaily.png
The H4 chart with the H4 TMA added
audcadfh4.png
The H1 chart with the H1 TMA added
audcadfh1.png
Do you enter when PA crosses the H1, or wait for PA to cross the D1 which is the TF I'm actually trading.

Thanks in advance for your reply!
Author:  Pipstubborn [ Tue Mar 25, 2014 12:16 pm ]
Post subject:  10.6 EDSEL
alorente » Tue Mar 25, 2014 1:06 am wrote:I like 10.6 a lot. The only slight weakness it has is that it issues a substantial percentage of false signals. I have been looking at the good signals as compared to the not so good ones and I find that in the better ones, the D1 Sto7 is going with the flow of the trade. The trades that go nowhere usually have the D1 Sto7 against the trade. Would it be to our advantage to have a third dummy light for D1 to the left of the H4? That would allow entering the trade without changing time frame to D1 to check out the Sto7 position.
Al, I like your idea to monitor the D1 Sto 7 on H4. Yamez posted a MTF Sto7 few pages ago. Just set the time frame to 1440 and overlay in the Sto7 window
This way is no need to add a third dumy light.... if you are interested just let me know but tell me how to post the indi cause I never done it before.
Author:  milanese [ Tue Mar 25, 2014 12:21 pm ]
Post subject:  Re: 10.6 EDSEL
taggie11 » Tue Mar 25, 2014 8:25 am wrote:
Tommaso

Is there any way to combine 2 of these in one - so that I can see H4 and H1 or D1 in one indicator pane? Save on real estate....

THanks
Doc
I will take a look...

Cheers :)

Tommaso
Author:  alorente [ Tue Mar 25, 2014 1:01 pm ]
Post subject:  10.6 EDSEL
As I mentioned this morning, Extreme TMA indicated that EurGbp was ripe for a substantial fall. It´s on its way now to the bottom H4 band...
Author:  Pedigree [ Tue Mar 25, 2014 1:08 pm ]
Post subject:  10.6 EDSEL
alorente » Tue Mar 25, 2014 2:01 pm wrote:As I mentioned this morning, Extreme TMA indicated that EurGbp was ripe for a substantial fall. It´s on its way now to the bottom H4 band...
Excellent call, Al.
MTF TMA - same basic principles as before, but a new method that complements and improves them.
Author:  alorente [ Tue Mar 25, 2014 1:13 pm ]
Post subject:  10.6 EDSEL
Gertje » Tue Mar 25, 2014 1:03 pm wrote:@ Alorente;

When trading the daily chart using the MTF TMA's what TMA do you use for entry?
For example the current AUDCAD chart, H1 is on top of H4, is on top of D1, is on top of W1.

The D1 chart with the 2 TMA's


The H4 chart with the H4 TMA added


The H1 chart with the H1 TMA added


Do you enter when PA crosses the H1, or wait for PA to cross the D1 which is the TF I'm actually trading.

Thanks in advance for your reply!
I would not take that trade. The Slope of H4 is 0.51. D1 is at 0.39. Never enter short when D1 TMA is over 0.25. You should NEVER trade short when the H4 TMA is over 0.20. Wait patiently until the slopes drop and then enter at the market if you want or on cross of the H4 btop band. I usually enter at the market when the slope conditions are met.
Author:  alorente [ Tue Mar 25, 2014 1:18 pm ]
Post subject:  10.6 EDSEL
Pedigree » Tue Mar 25, 2014 2:08 pm wrote:
alorente » Tue Mar 25, 2014 2:01 pm wrote:As I mentioned this morning, Extreme TMA indicated that EurGbp was ripe for a substantial fall. It´s on its way now to the bottom H4 band...
Excellent call, Al.
MTF TMA - same basic principles as before, but a new method that complements and improves them.
I´m expecting similar falls on NzdJpy as I said this morning and NzdUsd as I explained yesterday. The TMA´s are in similar positions. It´s getting close. I am short in both of them.
Author:  Pedigree [ Tue Mar 25, 2014 1:39 pm ]
Post subject:  10.6 EDSEL
alorente » Tue Mar 25, 2014 2:18 pm wrote:
Pedigree » Tue Mar 25, 2014 2:08 pm wrote:
alorente » Tue Mar 25, 2014 2:01 pm wrote:As I mentioned this morning, Extreme TMA indicated that EurGbp was ripe for a substantial fall. It´s on its way now to the bottom H4 band...
Excellent call, Al.
MTF TMA - same basic principles as before, but a new method that complements and improves them.
I´m expecting similar falls on NzdJpy as I said this morning and NzdUsd as I explained yesterday. The TMA´s are in similar positions. It´s getting close. I am short in both of them.
In and out of EG already! Might have exited too early! A few pips green in NJ.
All times are UTC Page 184 of 234

Powered by phpBB® Forum Software © phpBB Limited