Have a nice holiday, dear Bob!nanningbob » Fri Apr 18, 2014 8:27 am wrote:I am on an Island called Hainan near a beautiful town called Sanya. I am up in the hills in a private home surrounded by the jungle. I will see you guys back on Tuesday and will post some pictures.
A business acquaintance had wanted to send my family and I there to a new resort that is opening up where you are Bob. We had already plans for our vacation but let us know how it is on the island. Happy Easter all...nanningbob » Fri Apr 18, 2014 3:27 am wrote:I am on an Island called Hainan near a beautiful town called Sanya. I am up in the hills in a private home surrounded by the jungle. I will see you guys back on Tuesday and will post some pictures.
Hi Zentauro67, interesting to watch the progress of the EURCHF, I've never bothered with it because of its low volatility but that may have been a mistake. Could I have a copy of your fractal indizentauro67 » Fri Apr 18, 2014 4:29 am wrote:Update on my EURCHF strategy based on the last 1H Bob´s template for 10.7
As you can see ATR channels are working fine. The Buy of the green fractal at -3 ATR level proposed last sunday has worked well. Now I´m waiting price ends its travel to ATR +3 to start selling and restart it all over again.
The 240/60 ribbon (matching the 4H 60/15) is of big help drawing dynamic resistance zones. A 'breakout-pullback-continuation' has just happend right to the pip on the 240 line.
A curiosity about 'subatomic' structure of EURCHF. This is a pair that creates wedges all the time. It moves from wedge to wedge. No other pair does it at the same level. Why this happen? No idea. Maybe, the fact that is so highly correlated to stock markets, make it flow in a different way.
These wedges help a trained eye to find out patterns. Number of wedges up or down in a row, how they interact with ATR levels or 240/60 ribbon is a sure way to master this pair. A very boring one, but profitable if you can sacrifice the excitement of volatility and have a lot of patience.
Very interesting. What do you use for your tp?zentauro67 » Sun Apr 13, 2014 3:14 pm wrote:An example of scalping using the new (and gorgeous) 10.7 ATR indi for 1H.
EURCHF. This pair has very low volatility (the lowest in the market) so if you use to enter with 0.01 lots here you should increase to 0.04 or more to have the same feeling.
This is a very obvious strategy: sell the red fractals beyond the dotted red line, and buy the green fractals below the dotted green line. Just as simple as that.
Hey Zen,zentauro67 » Sat Apr 19, 2014 4:32 am wrote:Another triple stoch (that gives excellent signals) used here as a bad crosses filter for 240.
Blue, 7,2,2
Yellow 60,1,1
Red 240,2,2
Yellow above red = uptrend.
Yellow below red = downtrend.
Blue is used to catch the swings as usual.
We have in the chart a nasty time of price dancing around 240 that could have produced fake sell signals. Yellow stoch is not tricked by price at any moment!
Making the 60 more reactive has pros and cons. I´ll check it this weekend.
