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Pennies, I have the image in my settings at ihub, but my instructions tell me to highlight the imbed bot, then copy.
But I can not get it to paste in the message box. It seems to just copy the text. Not the picture.
Yes, I use mt4 also, but just discovered the thinkorswim software at ameritrade, where I have my stock market account. Did not know that I could get FX charts on it.
Just tried making a paint of this image. But giving me a little trouble. I just found my instructions for posting charts on ihub. If I can get it to paint, I should then be able to post it. I put a couple of small notes on it.
I'm trying to figure it out right now.
That is pretty much what I use for scalping also. But will sometimes even scalp based on the daily when my system screams at me.
Been using SG's fib system on the 15 & 1h time frames. So guess that I can say I use fibs. Just not the normal garden variety. That's what I love about this board. New stuff showing up and I learn something almost every day. By the way, your annotated charts are great. Some weekend I will try to figure out how to do it.
Are you using mostly 15 M charts with your fibs.?? I used to use them, but not so much lately. Never really could find the confidence to trade with them. May throw some fibs. at the 12h just to see.
May we all profit. Man, I gave up some nice pips from friday. Could have/should have dumped about 10 AM friday. Had about 200 pips then. Gave most all of it all back this trade. But made out like a fat cat last weekend, when one gapped my way.
Had 2 days on my fingertips when I typed my last post. Just could not type it. Sounds like a plan. That gap at least needs to fill for certian.
My 12h standard dev. lower channel is showing 97.152 right now. So in a few days, it will be 97.160.. Looks like a system match to me. Million dollar Q. is how long do we have to wait. And could break and go north also. I am going to be pretty carefull with the short side of this. May dump the shorts early and go find a different play ground untill the mud clears up.
Yes, downside is what I saw on friday for the UJ, but after looking at the 12h chart the longer term looks up for uj. Cant help you with GJ, cause I don't trade it.
My plan for uj is to keep my short position on, because it is highly likely that some short term weakness will show up. Then I will cover the shorts, then reverse and go long some more on the cover.
A top gun analyst was calling for uj 120 within 12 months. This was about 2 months back. I can now see this as a real possibilty.
Knock em dead on that GJ.
That's the way pennies.
Had to bail on my UJ tonight. Gapped up on me. Covered one line of short trades with 29 pips profit, but went long to balance out my other line of short entrys. They went out of the money on me by a little bit (like 13 pips right now). Did some TA work over the weekend and discovered that for the LONG haul, it's buy the UJ. Set up a 12 hour bar chart using tdameritrade think or swim software. Set up a 1 standard deviation and a couple of other treaked indicators on the 12H. U/J definately looks like the buy side is the (with the trend) trade side to be on. First ti me I ever messed with this time frame. Can play with 6H and 8H as well, when I get time. The indicators with this software are not the greatest, but will figure out some things that work.
3/5 keltners would be to fast and produce false signals on the daily. And yes, you are correct, they do not work on the shorter time frames (15m or 1h). I have other stuff set up for the 15m charts. I pretty much only use daily's & 15m, but occasionally look at the 1h & 4h. The keltners may work on a 4h chart, but never tried it. Should take a look at it tho.
Been using them for about 5+ years now. But had a period from about late 2008 thru mid 2011 that I did not trade the fx.
Not just the K's tho for daily. These are the recipe for my daily system.
1. TDI
2 KELTNERS
3. 9 BAR VS 7 BAR ma CROSS (GREAT CONFIRMATION, but lags to much)
4. 50 bar & 200 bar MA
5. 21 BAR avg. (but not worth much).
6. clouds
7. ssl fast bar alert
How do you guys expect news on the 13th sept. THAT IS THE TENATIVE DATE FOR THE SAND FRACKING TO START. Can not give production results before the work is even started.... Need a couple of oil men here to give an idea about how long the process takes...
Yes SG. Over the weekend, I may set up your way on a couple of 15 charts and work with it a little bit. I do scalp some, but want long term trades mostly. And willing to ride out of the money part of the time. It's not perfect, but it works well for me.
I am presently using the 3 bar and 11 bar set up only on DAILY charts. And some (u.s. only) pairs react better than others. I do not usually wait for the cross over to occurr. I look for wide spreads between the 3 & 11. And when the 3 bar shifts down/up at a steep angle, it (along with the TDI) tells me to get in the trade. The downside is that it will tend to get you in trades early. But if I enter with one line of trades early and it goes against me for a while, then I just enter another line of trades at the better entry level. Just like I did a couple of weeks ago with the swiss, and yesterday with the u/j. By the way, my second line entry yesterday shot the top right on the money.
It is the middle channel line in 1 of the 2 keltner's that you need to set up the system. It is set to read 3 bars back in time. Check my post from yesterday, and you should be able to set it up.
I used to be able to do it, but honestly I have forgotten how. And never did have the ability to add notes to them. Do not really have the time to get that involved. I have 9 stocks that I currently monitor every day, and am constantly looking for new/better opportunity's in equity's markets. That is where most of my money is at. So have to spend most of my time there.
Pennies $ SG dedicate a lot of time to displaying charts here, and it is much appreciated. And Pennies must have it dialed to a science, considering the # that he posts and the speed at which he is able to update. But I think that they only trade FX.
Sarshee, please give me a couple of examples of China jv's or ownership in ANY canadian only mining operation. You permabulls are so certian that China wants/needs a Canadian operation. Show me that they really are interested in Canada as a natural resourse supplier by pointing out some FACTS. not could, should, may, possibly, ect..
You guys are just guessing and grabbing at straws here.
Yes. Jav. did you set up the keltner crossover system that I told you about?? The daily u/j is a perfect example of how I use it. If you look at it, you will see that the spread was quite wide at the time that I entered the trade, and the 3 bar line had flattened out on yesterdays bar. Primed for a change in direction... AND the TDI green line was above the normal parameters. Those 2 things put me in the trade. And pennies assessment regarding other dollar pairs confirmed it. An all systems go picture....
Everything I see leads me to believe UJ will continue down. 97.700 is my downside target, and also believe that it will go lower than that. But will re-evaluate daily. And I do not know how long it will take to get there. But am willing to hold.
G20 ending
Will likely be hitting Syria.
U.S. economy terrible
3 good fundamental reasons for continued dollar weakness. Only exception that I can see is the U/CHF. And it's not looking to good right now.
U/J down big on news. Chart was set for it. Got a quick 80 pips so far on short. I see this breaking below the clouds over the next few/several days. Hope to hold this one for mega pips.
Stargate, They have it wrong. If the NFP comes in ABOVE 180,000 then it will support keeping QE3 the same. The goal of QE is to pump money into the economy to CREATE jobs. Gold already looks like it wants to come down, or sideways. Equity's already headed down.
Assuming that you/or they, mean the upcoming FOMC on sept 18
I presently have 2 trade lines on the U/J sell. Think a big reversal will/is going to take place. Added a sell line at the beginning of trade for today, and watched the drop a little later. Both trade lines now green. I will keep this trade on for days (hopefully).
Shakeup at the soe this summer.. Ha, they probably fired some executives for even bothering to look at keevles rocks!!!
Well, the chf closed above the clouds (barely) today. It should be good for a min. long 2-3 day trade & likely more. We have a while before we strike syria. That could be what sends the swiss rescue team flying back down the Alps.
I am watching it closely again, and may re-enter. But depends on what my U/J short does in the next hrs./day.
Looks like the E/U is almost perfectly following in the chf foot steps. Bet it breaks below the clouds tomorrow.
Pennies, you had it exactly correct on the NU last week. I saw your post that you covered your long for a small loss. I held my long thru the weekend and did a couple of small skalps in between on friday. Made about 150 pips on it all together. I,m getting to like that pair!!
Beasts scare me. I like rabbits better.
That's exactly what the doctor prescribed for me pennies. I jumped the gun on entering the UJ trade yesterday. Even stated that it needed more time to develop. But what do I do. Screw up and go in early!!
E/U is interesting. Missed that top yesterday. Just was not paying attention to the pair. E/U setting right above the 200 ma in the clouds right now. Just the opposite of the u/chf yesterday. E/U Looks like it very well could break out below the clouds for more down side on the daily??
Closed NU long for 10 pips profit. Not a good ride tho.
Still short UJ & out of the money a little bit. Keeps bouncing off my entry line!!
Hmm, U/CHF broke above the 200 MA but still in the clouds. Close above .94391 will convince me to re enter long on any dip.
Been 15 business days since the trend was posted on this board (3 weeks).
No predictions. The trend tells the story.
Went long N/U again at .78995 about 1 1/2 hrs ago. TDI bottomed out. Just a skalp trade most likely.
Keltner channels are like bollinger bands. Never saw one without a middle line. But my keltner channel is located in my custom indicator list. Maybe I downloaded it at one time. Do not remember.
You are welcome Jav. Use it in conjunction with other stuff. But it has made me some money in the last year. TDI is also a great indicator.
When I use the keltners I watch for wide spreads mostly. Or a quick change in the 3 bar line, indicating a probable crossover = change in direction. If you study past crossovers and wide spreads, you will see what I mean.
1. does not matter
2. does not matter
3. Would have been no fumbled ni43-101 without keevle's entry.
Nor will I debate this. The stock is such a small percentage of my portfolio that I will not waste time on it.
It's a coin flip right now. And U/SWISS is setting right in the middle of the ichimoku clouds. The rule for clouds is don't trade when in the clouds.
Good trade SG.
Good trade SG.
I would not take a trade on it untill a little more confirmation comes thru. But my "gut instinct" at this time is leaning to down. End of day will hopefully clear things up a little more. Also, fomc could change things completely.
Whoops, I'm down a little on my sell U/J. But Will hold for a few days if necessary.
You need to set up 2 Keltner channels. Use the mid channel only on each one. Set one to read 3 bars back, and the other one to read 11 bars back. Then set the upper and lower channels to match the background color that you use with your charts. This makes the upper and lower channel lines invisible. Use it like you would use any moving average crossover. The crossovers with these settings when used on a daily chart really lead any moving avg combination that I have found. I like it on the LONGER TERM CHARTS(daily)mostly. To much noise (potential false signals) in the shorter time frames. I also use a moving avg crossover as a confirmation. And it usually lags the keltner cross by 2-4 days.
I have used it primarily for the U/swiss, but occasionally trade other U.S. dollar pairs with it. I ONLY trade dollar pairs. At least for now.
I also use it in conjunction with the TDI, and a couple of other minor indicators.
Keltner lines work well in most market conditions as kind of a leading indicator. Of course, nothing is perfect.
SG, nice little scalp. Looks to me like the u/swiss bulls are going to loose the battle. My daily chart suggests that we are not going to see a breakout above the clouds anytime soon. And the 200 bar avg looks like no close above it, at least not for today. My little K crossover is spread open pretty wide. And this usually suggests "time to trade the other side.
Nice decending channel for the last 55 business days, counting today’s bar. Williams %r running in the upper range suggesting overbought.
The 50/200 MA are trending down pretty hard, and the spread between the 2 does not look like a golden cross is EVEN REMOTELY in the near future.
This TA is my analysis of the short term facts.
Now for the long term. A nice neat DOWNWARD trending channel can be drawn on a WEEKLY chart starting in mid August 2009, (4 years of data). This channel starts just after the pump & dump spike to around .22, (created by keevles entry as ceo).
The long term decending channel is supported by the volume. It has dried up to almost nothing, relative to 3-4 years ago. The minor 55 day current decending channel fits neatly into this larger decending channel quite nicely. The williams %R for the long term channel is indicating a LOT more weakness overall than strength.
Based on this, the top of the channel presently sets at .048 (that should be it for the next news spike, if one occurrs). And a more likely touch of the lower channel currently sets at .003.
BE SMART, find a stock to invest in where the technicals AND FUNDAMENTALS indicate upward trends and momentum. Not downward trends and momentum.
Keevle HAS FAILED for the past 4-5 years.
That's all I need to know.
Sold U/J at 99.633 Daily and 15M looks overgought. Should have held N/U but will re-enter on any weakness.
No technical support for this howling dog untill .007 bid / .008 ask...