How you been Jav. Long time not chat.

Hey pennies how are things. I left Dean Maloans live trading room about 6 months ago. Think I got what I needed after about a year there. It was time to step away for a little while, I'm still actively trading. Putting together all I learned. If I don't screw it up in the next 30 days will make a little money this year in my modest account.

Thanks for all your guidance and help!! here at the green room. I can do this. Just taking several years longer than I anticipated. And man do old habits die hard. But they are dying.

Keep it Fun!!

The new TDI is pretty cool pennies, here is a picture. The dotted lines and hollow arrows in the tdi are hidden divergence, the solid lines and arrows are regular divergence, hidden divergence tends to show continuation, and regular a profit taking pull back or reversal. The yellow and blue arrows on the chart are showing MBL crossovers. Im setting the RSI to 21 on 4hr and daily and standard 10 for one hr and under. A simple setup I've been playing with for longer time frames. Good luck to everyone here.

Hey SG, good to see your still at it and all of the activity in the green room. I miss this place, this is where my FX habit/addiction got started.

Hey pennies, haven't took a look over here in a while. Great to see all of the activity in the Green Room. The TDI PRO is a new version Dean just released a few weeks ago. It draws regular and hidden divergens lines on the chart and indicator, gives market sentiment and has a number of crossover alerts for MBL and signal line. I did purchase it, really happy with it. Q15 if you read this post, your purchase of the TDI PRO will allow you onto the members area where there are videos and a user manual for the PRO. Check with coampassfx for the link and pass word.

The Renko looks really interesting SG. I wanted to show you and example of what I was talking about trading away from the open of the day looking for levels. The thick white line is the open of the day. The light shaded area is the inside range. 38.2 and 61.8 The edge of the dark shaded are 23.6 and 76.4. Its similar to what you were showing us a few years ago when you were stacking the fib boxes and had them marked trade zones. Although I didn't understand it at the time. Its a great set up, seems to work with institutional algos. The YL and YH are yesterdays high and low. The RH and RL are range high and low which are measured moves based off of the open of the day. The thick dotted lines are previous week high and low and open of the week. Then the dotted HT and LT lines are fib extensions 127.2, 141.4 and 161.8 This is a clasic example NU 30 min. Price rode guppies to yesterdays high pulled back, then to the RH pulled back and then to fib extension 141.4 and hit is daily ADR about 98 pips today. 5 day ADR showing 92 pips. This happens often.

Keep it Fun

I know very little about Renko charts. Sounds interesting. I've been focusing on the open of the day. Looking for price to trade away from the open to achieve ADR. Always thinking where is price going to get the ADR, what levels are within reach for ADR. With my other tools to help guide its becoming a good strategy for me.

Hey SG that meter is not available as a download. I got it from Dean Maloan, trade room, He emails it out to members of the room. It may be something compassfx markets/sells in the future. Their pretty guarded with it. You have to swear, and men in black will come for you if it gets out of your hands. Anyway the only way to get it is to join the room. Its a paid subscription thing.

Hey pennies, made 5 scalps using Maddash this evening, didn't stay with them too long, but all entries were good. I don't know how far you got into the thread on FF but scan through pages 18 thru 20 when you get a chance, author goes over a lot of options there. Maybe start with post 358

http://www.forexfactory.com/showthread.php?t=545718&page=18

Yea simple's fault it is, there have been a couple of nice features added to the maddash since i first posted it. There's a fair amount of room for customizing it, I'll be curious to see what you do with it, and if you find it useful. I'm using the default MA settings for now.

Hy SG I ran MADdash all last week and it seems really accurate. If you try it make sure you have the latest version post #508, The author keeps tweaking it. In the bottom of my screen shot is another sentiment meter based on ticks. Buys and sells as they come into the broker. You can see how the two confirm each other. Strong USD weak EUR strong JPY and CAD on Short term 5 and 15 min. The sentiment meter is second to second read. Also upper right I have a realtime dollar index running on 15 min. I keep this setup on one my monitors then know which pairs to look for a trade. Dollar index is nice for $pairs.

I have the FX bug really bad. I blame you and pennies. Thanks alot!

Hey pennies just wanted to say Hi, I'm still hanging out in Dean Maloan's live trade room. Boy do I have a different perspective on the market than I had six months ago. Its been really good. Although I think I'm a slow learner LOL. Thick head! I cannot believe the pips a few of the traders bag there, 300, 400, 700, sometimes over 1000 pips a day. Scalping several pairs at a time. Mind you that's a 10 to 12 hour day, Eur open well into the US. just basically Guppy MA and Fibs, maybe TDI, Crazy!

Hope everyone on the green board is doing well!!

Hey SG, haven't been on the board in awhile but ran across this, thought of you. Its about a three week old thread on FF. I think this thing is just insane! It does take up a whole chart, nice if you can keep it on a separate monitor. It is not a stand alone system, but to be used with a trading system your familiar with for another layer of information. You can look for the strongest and weakest currencies and then take a look at that pair of a possible trade. The first page of the thread explains how it works.
http://www.forexfactory.com/showthread.php?t=545718

Nice Chart Pennies! I've just been checking in every week or two and there's just a couple dozen messages in the Green room. What a surprise today I had over 360 unread messages.

I've been hanging out in Dean Maloan's live trade room lately. Learning a ton. Still feels more like home over here though. Fibs and more Fibs. Looking for the algorithms the banks use. You introduced me to his site when I first showed up here. Thank you For that.

Hey there's a few traders in the room taking unbelievable amounts of pips in one session. Crazy, scalping three pairs at a time, catching every zig and every zag. I mean staggering amounts of pips. So inspiring to see it can be done and some are doing it. Good to see you posting.

Jav. SG showed us how to do that some time ago. The directions are somewhere on the board. I'm just leaving for the day, if you can't find it I'll give you some assistance this week-end. basically you need to go into the editor and change the chart_window line in the HA code to separate_window then compile. Go to your chart and and instalL the HA indie, It will be in the bottom window but look drawn out and funny. Then go back to the editor and change the separate_window line back to chart_window and compile. You should be good to go. Anyway somewhere on the board there are some very detailed directions.

jav. That indie is just the standard TDI with a Laguere added, and smoothed HA candles added to that. Those HA candles help keep in the trade.

SG, I've found the slow guppy to be a really good companion to your tunnel. Thats what I keep on my Oanda FX charts, slow guppy and tunnel. They tell you witch way the wind is blowing without a weatherman.

Hey jav how are things? The Guppy's are not an indie but two groups of moving averages, one fast and one slow. If you google Guppy Moving Averages you will get a lot of info. Also youtube.
The Fast Guppy is EMA 3,5,8,10,12,15 slow Guppy 30,35,40,45,50,55. Daryl Guppy idea was the fast averages represented retail traders and Slow the institutions. They really paint a picture of trend, and momentum. The Pairs I'm watching are EU, ECAD, EJ, EA, GU, AU Six pairs work for me scalping because I can Tile the 6 and easily keep an eye on all of them.

I'm hanging in there SG. As a rule I only risk 1% of my account on any one trade. If I'm really confident sometimes 2%. Keeps me out of any big trouble. Always look for red news on FXfactory and stay clear. I've become a fan of the Guppy MA's. Specially the fast Guppy. Kinda like a really really fast Tunnel. And fibs set to the previous days (24hr) hi and low. Just watching 6 pairs right now. with 5-15 min charts always a trade lining up. And with six charts I can Tile them and watch all six at once.

Everyone keep it fun here!!

Hey SG what's happening. I'm alive and well, you taught me how to stay out of trouble in this market. Will always appreciate the knowledge I gained here. Still learning and enjoying the ride. Getting a few trades in most days. Tread lightly and live to trade another day!
Still very excited about FX.

Hey SG you know what they say: If voting really mattered they would make it illegal. Hope your doing better from your mishap. I got to thank you for beating the scalping drum so much in the Green room the last couple of years! I finally got it. I'm a 15 min guy now and some times 5. I've been able to set aside two to three hours most days. Get focused and make some pips.

Jav, I have added a Slope direction line to my charts set at 89. Notice how price crosses the Line before the line color changes, Pretty cool. Also we got gap closed on GJ. I missed. Damn can't be at computer all the time. Also U/Cad 30 min. Hmmmmm

Hey Jav, I'm working on an entry set up for "M"&"W" formations. So when you I'm watching for the next leg I'll have some rules for entry. I'm borrowing some of this! I think it is going to be good. I'm going to play with it a little more and see how it does. I'll let you know. Yea the zigzag indies do lag quite a bit and repaint.

Jav is that the Supply_Demand_Zone indie on this chart? The red and blue lines or did you draw them in? They look pretty good.

That's an interesting tool Jav. I tried and tried to get the zigzag to work for me, All most, but didn't quite pick up all the moves on the Micro level I was looking for. Also the reason I like drawing them in buy hand is it gets me really focused on the chart and price. It becomes a Study. If I had MT5 I would give it a try. What is interesting it gives you a target. Let me know if have some success with that.

Yea SG, finding a block of undisturbed time is really important for a scalper. Hard to be dealing with emails and phone calls etc. and really be focused on market.

I put up a couple of charts for Jav, you can see basically how I'm approaching the market right now. I'm trading M&W patterns and drawing them in buy hand, as well as drawing in my S&D zones. I still use the SupDem set to narrow bands. I find drawing all this in really gets me in touch with the price action and engaged with the pair. So my warm up is drawing this in on 4-6 pairs or adjusting levels from the last session. Look at the calendar for the day, no red releases coming up. Takes about 15 20 min, look for patterns, look at the one hr, then I feel ready to pull the trigger. I like Sunday evening but won't look at market till about 7pm my time. I'm really liking consolidation, side ways is good!!

On a 15min I'll go back 24hrs or so and start drawing them in. They become pretty obvious. If the pair is really trending it can be a little harder, the patterns may be really stretched out at an angle, but they will be there. Putting in the supply and resistance zones first can make it easier. You can see where price is reacting to the zone.

I like the high ADR pairs like EJ, EA, GA

Hey Jav, Another chart. Here you can see how price really reacts to the levels that have been drawn in. This method works really well in consolidation.

Hey Jav, I'll see if I can make sense out of what I'm doing. It is based on "M" and "W" patterns on the micro level. Do you recall I posted something on Aurthur Merrill's "M", "W" patterns. I think you took a look at it. I draw these patterns in buy hand. In particular looking for the 4th leg, which is often the biggest move. If you have 3 defined legs look for the 4th to begin. Confirm your entry with other indicators you trust and are familiar with. There are a lot of pips in these moves. If I get a third of them I'm pleased. Get out and look for another set up. Watching 4-6 pairs this way will keep you really busy with plenty of trading opportunities on 15min time frame.

You can also trade the 2nd and 3rd leg. But!! only for two to three candles max. Three is pushing it. Take 10 or so pips and get out. Once you start looking for these M and W patterns they become easy to see and draw.

Another important part of this for me is drawing in Supply and Demand Zones and looking for the M&W formations to react to them. If you go to the link in post #129579 I'm doing what this guy is doing drawing levels on 15min charts. This is a great video. Can't hurt to watch it a few times.

Hey Jav, I'll try to get post a couple of charts with what I'm doing posted this weekend. Takes a little explaining. But really pretty simple.

Hey SG, I'm pretty wound up about FX right now. I relate to being irritated when the market shuts down for the week-end. My challenge right now is carving out a regular time 2-3hrs that I can trade. I still have my day job. Living on west coast pacific time is a little harder. I'm trying 10pm to an hour into the European open till 1am. And playing with getting up at 5:00am and trading US open for 3hrs. Both ways push my shut eye a little. I need more time there but I think the market is a little more predictable for me going into the European Open. Anyway I'm finding if I can sit down and focus for a few hours I can consistently make pips.

Whats happening SG, I'm still trading away, more now that ever. Too busy trading to post. Becoming a 15min 5min guy. I think I'm convinced!! Takes some real focus, but getting a system nailed down that works for me. Using two computers, keeps my focused. Like the old days at Poker Stars playing 4 tables at a time.

King dollar rules: Betting on the buck

Hey guys, thought this was of interest
http://www.cnbc.com/id/102057048

Labor Participation Rate Drops To 36 Year Low; Record 92.6 Million Americans Not In Labor Force

Good Morning SG. This pretty much sums it up
http://www.zerohedge.com/news/2014-10-03/labor-participation-rate-drops-36-year-low-record-926-million-americans-not-labor-fo

Nice trade Heavyweight! managed just 10 pips from GU tonight.

It appears this is the Kiwi problem tonight
http://www.marketpulse.com/20140925/nzdusd-drops-0-80-wheeler-says-level-unjustified/

Hey pennies, Kiwi being sold off hard against really weak Euro as well, hard to figure. I'm thinking big money, scared money, possibly unwinding carry trades. Might be time for smart money to build new carry trades?? Rumored another interest rate raise for Kiwi first quarter of 2015.

Hey Jav. At the begging of each week Jarret Davis puts out a video of the weeks notable news events and some comments. Its also in text on the page. I've found them really helpful. You can sign up for them to be emailed to you on his site. Here is the link for this weeks.
http://www.jarrattdavis.com/forex-news-trading-events-15th-19th-september/?inf_contact_key=1a068b51f18d28595eafd4e63b42beff7f14fe22ccce02ae1c9f23a147f4e27d

Good morning SG, I found this short video on stop hunting that I thought interesting. I've been following this guy for a while. He was an institutional trader and trades primarily on fundamentals, Learning some about fundamentals and news events, Its a weak area for me. He explains its institutions and not our brokers who are going after the stops. They ,institutions, go after the stops to create liquidity to fill their orders.

http://www.jarrattdavis.com/forex-brokers-hunt-stop-losses/?inf_contact_key=1bb7940918726fd6750f5263f37ce51c26ee6c87c89c6f428d82041bb588d749