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Well it looks like it's ready to bounce here with your TRIX fast green line moving up through the other TRIX lines and the slight pinch that's occuring with the PPO lines in the indi window below.
If it's too much trouble, I understand and it's no problem. But, the parameters aren't all available looking at your chart. There's no list of your ema's which I don't neccesarily need. But I do need to know what your signal line is set at on your TRIX indis; not the period parameter but the signal parameter.
It looks like you've got an ichi cloud up on the main chart and I'll assume the settings are unchanged from default. Any advice you can give on how to trade off your current pincher setup would be welcomed.
Same for me estimator. I'm sick to extremes of taking early positions and waking up to find myself in a bad spot to add or close with losses. I'd rather take my chances scalping with high lot size and tight stops, than to continue taking early trades because I expect a reversal or a breakout and enter with too much slack in the line.
Hey charger. Do you have a post listing all your pincher parameters? TRIX, PPO and main chart indicators and ema lines? Some of us might like to spend some time with your pincher setup. It might be a nice addition to SG's fib setup and pennies wave counts.
I don't know. Really don't. The price broke below the 15 minute 240ema too but popped right back up through it and is now priced right at it. I'm tending to steer towards a move down opinion, but I just don't know. I do like the daily doji yesterday with price staying below it so far today. And we do have higher price highs with lower TDI highs, but I'm not convinced enough to take a short and leave it overnight to see what I wake up to.
Well that's good........I see GJ is in the middle of that wedge pattern on the 1 hour chart right now. Which way will it break?
LOL......they definately had a long break.
So I see I missed pennies trade. Anything shaping up here for an evening trade?
Definately estimator! And we did thoroughly enjoy seeing The Hobbit. Long movie though. Well the kids return to school tomorrow so it was a nice end to their holiday time away from school.
Please share if you find something. I'm going to pursue it myself further too, but not now 'cause I'm taking the kids to see the Hobbit here in less than a half hour. I'm sure I'll miss a good trade while I'm gone but then that's the norm.
I'm no programmer so that doesn't get me anywhere. Thanks for letting me know though.
Pennies, anyone.....can audible alerts be set on Alpari MT4 and/or Oanda to trigger when certain criteria are met like say indicator line crossovers or even simple prices being hit?
That's my problem too, especially when I watch more than one pair. I really need an alert to go off when price hits trendlines or makes new lows as I'm expecting them. Not sure how to go about that though so I'm not watching one pair while another pair has triggered a good trade.
And I really want an alert to fire off when pennies enters a trade! LOL
If you hadn't noticed, look at your TDI you'll see what also looks like an inverse H&S pattern where the price action may bounce off of a trendline placed there. Pennies could give you the odds and give a better say I'm sure. I'm watching that trendline myself.
Nice estimator. I went long at the break of the TDI and price action trendlines on the 5 minute and made a dozen pips myself at the 5 minute quad tunnel. I only had 10 pips for a stop so there was little risk and though it wasn't much in gains, it was better than nothing while we wait for the better setup.
Yep jav, and I think I have US Alpari and that's why my chart looks different from his too. That would explain it.
Thank you for that bit of helpful info pennies! I couldn't see why you would choose Alpari over Oanda but now I sure do.
Thanks pileit1......I do have the TDI and use it as a stand alone indicator, but I am, and have been, using it on Alpari MT4 charting platform. I was just curious as to why pennies doesn't use his TDI on an Oanda demo MT4 vice his Alpari. I'm debating whether to use Oanda for my MT4 when my Alpari demo account ends.
You too estimator. I need to get going here myself but will be checking in every several minutes or so as permitted by circumstance.
If this is a C wave down on the 15 minute chart, we'd be doing ourselves no favor going long at the 240ema.
Yep, I'm not confident enough yet to take the trade right here.
Most definately! The larger time frames, especially daily chart are definately looking way toppy to me. I wouldn't hold any long beyond the 88 fib on this current wave.
Right. Not a breakout beyond current highs, but a move up to retest the high area with the 88 fib being a good target.
I was thinking the same thing estimator. eom
Pennies.....you use Alpari for your MT4 charting platform and with Oanda MT4 deomo allowing for the use of the TDI indi, why do you use Alpari still vice Oanda MT4? Are you simply looking for agreement in prices between to two platforms so that you know that one isn't giving an inaccurate price or do you use Alpari because it gives you a different visual and perspective that Oanda doesn't? Just curious.
You get confused? I'm always confused! LOL
I didn't think you jav were making it up or confused jav, but thank you for showing me the chart pic so I could see its appearance compared to Alpari.
Well before I dump Alpari to get Oanda MT4, which I'm not in love with btw, I'm going to see what pennies has to say about it. Btw, are you using a mac or something with your Oanda MT4 or a windows PC jav?
We'll have to wait for pennies to weigh in on the subject. I didn't know that Oanda had any platform allowing the TDI.
I don't think you can boca. That's why pennies uses Alpari. eom
I'm going to call it quits here for tonight I think. Hopefully we'll see it setup up for us in the am.
Yep, I'm not going to trade counter trend without some strong recognisable TDI setup. The divergence I saw was weak divergence and I was only going to chance it for 25 or so pips. NOt even going to try now.
You're probably very right. But that's not going to happen for another couple hours or so huh? lol
The ema34 line channel has flattened as well, prompting me to think it might bounce up 20 to 30 pips here before moving lower. That's part of what caught my eye.
The flattened TDI fast/slow line on those last two price wave bottoms is what I was calling divergence, but maybe it's not really divergence. I'm not chancing it here...
Hey pennies......I see TDI divergence and an 88.6 fib hit on the GU 1 hour chart. Between 78.6 and 88.6 anyway. Think it's good for a bounce in this area?
That's going to make it easier for us to follow your trades without your having to post them when you aren't able to. That's excellent!
I found the link going back through the posts. I've bookmarked it.
Now are you having to manually enter all your trades to "Myfxbook" from your account or is it auto entered from Oanda?
No need to apologise pennies. We're all big boys here in need of using their own brains to trade. I must admit though that I do appreciate the added input to help give confirmation and thus additional confidence to my trades.
I was joking around, but I didn't know there was a link to his trades. And I'm not seeing it.....