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| 10.6 EDSEL https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3259 |
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| Author: | Pedigree [ Fri Mar 28, 2014 8:29 am ] |
| Post subject: | 10.6 EDSEL |
I am inclined to agreeing with this. I used to swear by the D1 Info Page CSS at the outset, but I quickly discovered that the best and safest trades I took were in direct conflict with its prescriptions. There is no better time to take a trade than when price is turning around at a peak high or low, but at this time, the CSS is still indicating the prevailing course of price. The D1 CSS provides a fantastic view of the distribution of strength between the currencies up to the moment. It is very very useful if there is a fairly strong trend and you are happy to trade it mid-stream banking on a continuation, but this is also when the danger of a whiplash is greatest because mid-stream, price can do ANYTHING. Presently, the greatest use I find for the CSS is on the M30 chart which greatly helps me to tell WHEN to get out of a trade I have decided to close or to hedge. |
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| Author: | Pedigree [ Fri Mar 28, 2014 8:38 am ] |
| Post subject: | 10.6 EDSEL |
Ha ha!! Say no more!!!!! It must have been this eyeballing that picked up the wedge on the EU weekly. Or do you have a tool that searches out wedges for you? Thanks. |
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| Author: | alorente [ Fri Mar 28, 2014 8:40 am ] |
| Post subject: | 10.6 EDSEL |
No tools except deep knowledge of technical analysis and my many years... I´m 63. |
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| Author: | Pedigree [ Fri Mar 28, 2014 8:49 am ] |
| Post subject: | 10.6 EDSEL |
I salute your experience, sir! Please indulge another question: Could you please explain a bit further how you decide WHERE to place your cursor when you use the Channel tool and WHEN, in the course of the reversal, you do it? I find that there are several ways the channel can be placed and at different stages of the reversal, one gets a different channel, all of which can obviously not be correct. I also find that the width of the tool can be varied. Do you use it as is, or do you adjust the width to fit price bars. Thank you. |
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| Author: | alorente [ Fri Mar 28, 2014 8:54 am ] |
| Post subject: | 10.6 EDSEL |
Speaking of wedges... There is a juicy one being formed in the Kiwi Daily chart. That puppy will come down hard... I hope so, anyway. I´m short... |
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| Author: | alorente [ Fri Mar 28, 2014 9:18 am ] |
| Post subject: | 10.6 EDSEL |
As soon as I have 2 or three points on any one side, I place the channel. Then I adjust the opposite side to match a high or low point. Also helpful to find it is the fact that the channel will always be to the left of the initial H4 slope... |
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| Author: | alorente [ Fri Mar 28, 2014 9:33 am ] |
| Post subject: | 10.6 EDSEL |
Worst quaterly current account for UK since the turn of the century. The high exchange rate of the pound is taking its toll... |
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| Author: | Pedigree [ Fri Mar 28, 2014 9:34 am ] |
| Post subject: | 10.6 EDSEL |
Thank you. |
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| Author: | zader [ Fri Mar 28, 2014 10:10 am ] |
| Post subject: | 10.6 EDSEL |
Hi all, long time lurker and newbie live trader here, what are your opinions on gbpjpy. Daily TMA extended Weely and turning, H1 TMA at top of 4H, bad GBP numbers and price is just on the 4H 240 line, all looks good for a short if it drops below but nothing I've done this week has played out as I'd thought. |
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| Author: | alorente [ Fri Mar 28, 2014 10:13 am ] |
| Post subject: | 10.6 EDSEL |
I am short GbpJpy with a 166.75 target. |
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