Angat wrote:Got a couple of trades I want to see profit before I close them. They are on NZDUSD, are we going to see a drop before close of play you think?
I would like to think it would drift lower and then bump up a bit into the close as I got me some too!
Good luck!
CJ
A man is not defeated when he is beaten, he is defeated when he quits.
The goal is not a "perfect trade" - the goal is a "profitable trade"!
Angat wrote:Got a couple of trades I want to see profit before I close them. They are on NZDUSD, are we going to see a drop before close of play you think?
I would like to think it would drift lower and then bump up a bit into the close as I got me some too!
Good luck!
CJ
Excellent I'll create SLs on them and let them ride over the w/e if have to. I think the next main move is down, but I'll have to confirm later, working out the cycles isnt second nature yet and is a bit hard work when your scanning 20 pairs but is well worth it! So thats what I'll be doing this w/e. I research all the pairs tomorrow and sunday.
As for SLs and gaps, I guess I need a bigger SL to take the gap into consideration, what would you suggest?
Angat. If you are messing with 10.4. 4Hr rsi2 on tma slope does an almost perfect job of highlighting this 2-3day variable cycle. I ignored it a bit while flying a little more naked. But don't hesitate to use a few tools you may be used to to help clarify information. CJ isn't being a purist for pure's sake. He simply doesn't benefit by the extra clutter.
I'm not missing them raw anymore, but I was initially. Plus they can really muddle em up when they are chopping up a larger timeframe, or running hard.
mjws00 wrote:Angat. If you are messing with 10.4. 4Hr rsi2 on tma slope does an almost perfect job of highlighting this 2-3day variable cycle. I ignored it a bit while flying a little more naked. But don't hesitate to use a few tools you may be used to to help clarify information. CJ isn't being a purist for pure's sake. He simply doesn't benefit by the extra clutter.
I'm not missing them raw anymore, but I was initially. Plus they can really muddle em up when they are chopping up a larger timeframe, or running hard.
Mike
You should be able to see the sessions with the indicator you uploaded....switch to a 1H time frame and you can see if the sessions are trending higher or lower and how many in the count....3 up or 3 down and a reversal....
CJ
A man is not defeated when he is beaten, he is defeated when he quits.
The goal is not a "perfect trade" - the goal is a "profitable trade"!
Oh okay, I'll grab that then, I think its good to learn it manually but, if it can make life easier, i'm all for it. "RSI2 on TMA Slope" is what I'm looking for?
I'm not into 10.4 I had a brief look at it and tried it out for a bit, I didnt really feel it, perhaps I should revisit it based on my new found knowledge I gained this week and boy did I learn alot. I'm still going to write it all up in a document to help it sink in.
Thanks CJ n all.
Last edited by Reaper on Fri Mar 15, 2013 6:06 pm, edited 1 time in total.
Yep. works perfectly to show the daily cycles. The mtf visual version on 1H is perfect confirmation. The other truth is if I trade with that 4H rsi2 at my back, it is VERY hard to get into big trouble as the larger TF is seriously oversold or overbought at that point.
Use naked PA to see trapped volume, and pinpoint entries. Suits me well and is simple. I'm not built to be a trend follower, never have been. 30% hit rate and all that BS make me sick. I've been picking tops and bottoms since I met redsword on FF a few years ago. SD easily fits the model of showing where volume is trapped, and also gets you in on the second leg of the M or W.
Your logic on the why. Made it click. Also fits well with some of fti's teaching on how they would manage the "book" at the banks. As well as my understanding of market makers and level II.
Been a fun few weeks, told my wife it was a quantum leap. She said "Just get me to Hawaii, baby."
If you watch the 4hr and 1hr cycle on a 1hr or less chart. You can see them build the days and patterns. Put in the 3rd move and chop it up to begin again. Obviously it can be done just by eye. But training wheels ain't always a bad thing. Some pairs are REALLY consistant. Most are consistant very very often. Some are erratic.
15-03-2013 01-07-07 I am Taking Pendings this to the Wire the Fox can do Whatever.png
Captain Jack wrote:Range being extended on EURGBP....scalped out of my earlier trades....hope to get in lower again....
CJ
El Comandante CJ,
I Set the Trap for the Fox right in Front of it's House and Waited Patiently ....... Guess what it took the Bait and I am Skinning the Fox Alive...... Thank you Very Much for Showing us the WAY......
I just Love this System.
Happy Trading Y'all,
xrismak.
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15-03-2013 01-07-07 I am Taking Pendings this to the Wire the Fox can do Whatever.png
Captain Jack wrote:Range being extended on EURGBP....scalped out of my earlier trades....hope to get in lower again....
CJ
El Comandante CJ,
I Set the Trap for the Fox right in Front of it's House and Waited Patiently ....... Guess what it took the Bait and I am Skinning the Fox Alive...... Thank you Very Much for Showing us the WAY......
I just Love this System.
Happy Trading Y'all,
xrismak.
The Fox is in Big Trouble... it's my Turn to recoup all my Money from way back over the Years of Not knowing what to do and I am going to Have Loads of Fun doing that...
Happt Trading Y'all ,
xrismak.
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