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I'm also going to overlay the nonsmoothed version over the smoothed version and see what that does for me.
Morning all. Thank you for the redirect SG. I loaded it and am seeing that it isn't really a reversal indicator, as much as it is an indicator for a potential continuation of price direction when other indicators are saying reversal. That I believe is you point anyway. Unfortunately it's a lagger. It doesn't begin to turn until the price already has to some degree. And I see that it can move from bottom to top of its window even during shallow sidetrends which is a bit of a false indication of any real valuable reversal to the trader. Looks like it's best taken in consideration with the sum of what all other indicators are saying. It's just one more piece of the puzzle in essence. I'm going to play with overlays of it in different settings a bit and see if that can help give a better picture of its use more standalone. Maybe tying in the ema6 with the multiple IFT overlay will help as well.
Doin' ok jav......I'm hoping SG can help shed some light on the AU for Sunday and hopefully it'll agree with pennies expectation of a gap up or bit of a run Sunday evening before begining a reversal overnight. I'm still getting by on my old dell laptop but finally found the old laser mouse to make it easier to use than the crappy little finger pad that I was using for weeks. lol
I'm leaving in a couple minutes and will be gone for a couple hours or more this evening but will log on again at least before going to bed to see if SG had anything to offer hope to those of us underwater on AU.
Talk to you later.....
Hey SG.....I'd like to see a 1 hour chart with your IFT indi attached to it with your annotation and explanation of what you see per your interpretation.
Btw, I know I used to have the IFT but seem to have lost track of it in my MT4 indi list. Do you have a redirect for a download of the smoothed one that you are using for MT4? I'd like to load it again and save it to flash drive to hopefully have indefinately or at least for a lot longer, for sake reloading again and again when I lose my current and future MT4 platform and have to redownload a new one. I seem to have to do it every 3 to 6 months.
Thanks stargate......that is the only alert and block I have had from my security software when visiting this site; just from forexguidestore.com. I don't know how harmful it might be, but it's good to know that my software is stopping it and at least some of the malware that's coming in.
Does anyone else have a malware alert popup from their security software identifying "forexguidestore.com" when they bring up Simple's Green room website page? I get it now everytime I bring the page up so I can log on.
Agreed.......and yes, it is very cool! Much of the time, when looking at a chart, I either see chaos when I get too myopic about it, or I see what I want to see and that's usually when I take the stupid trade. When I see what's really there and could make an excellent trade, I oftentimes talk myself out of the trade. lol It's really not funny, but I'll bet that any forex retail brokerage managerial staff and everyone on the BOD would get a good snicker and rise reading this post. Bastages! lol
Thanks for that annotated chart pennies.......it sure helps to make it easier for the rest of us to see what you are seeing as we look for it to occur again in the chart as the price action unfolds over the days, weeks and months. I sure appreciate it!
yw sdc.......btw, I keep as many of my favorite indicators etc on a flash drive knowing that I'll have to load them each time a demo MT4 expires or crashes or whatever. I don't want to search and beg for them every time I need them again. I'm sure git and pennies has gotten way sick of my asking them to send them to me again. As I get new indicators from the board or elsewhere I try to remember to save them on flashdrive. Hope that helps.
sdcaalan.....there's probably an easier way, but I copy indicators, or in this case templates onto a flash drive and then load them onto a second computer or save to reload if I have to reinstall windows or get a new computer or simply lose them on the existing computer.
I think I'll try and find the larger gain and lower risk scalps git. I'd get in trouble with that 1m scalping off fib/harmonic setups. Can't trust myself. lol
Time for a little lunch break.
I'll need to chew through that a bit before I can digest it git. lol Thanks though.....I'll see what I can glean from it!
I can consider the fibs git, that's easy enough, but honestly......when looking at your 1 hour chart with all the good pips that were offered, I was unable to visually tie the Std Dev with the MTFiVars to see a reason to trade.
The first annotated reversal showed a topped out Std Dev. But the MTFiVars was not well below the .50 line so I wouldn't have traded based on the iVars. And yet the Std Dev offered an excellent reversal trade!
Your second annotated reversal showed a high (not toppy) Std Dev, but I wouldn't consider the MTFiVars to be low. And it was aother excellent high pip reversal.
Your "Random Hurst" annotation showed a high Std Dev but the MTFiVars was right at the .50 mark so like you I would have considered it a 50/50 trade.
Your 4th annotated reversal point offered up good pips, but I consider neither the STD Dev to be high, nor the MTFiVars to be low.. I would see no reason to take the trade but it was obviously a good gainer.
I have a lot to learn. lol
Now that previous 15 minute chart, that showed a high Std Dev and a low MTFiVars and a clear break of support with the price rolling back inside the upper bollie. Nice and clear, that's what I need.
That was a nice little goodman wave up matrix on the 5 minute chart pennies following a nice larger goodman wave matrix down. But now what? lol
That'd be much appreciated. eom
Pennies.... can you post a screenshot of your EMA MTF settings??? Or walk us all through how you placed yours on your chart?
That 1 hour chart just ruins it for me and leaves me uncertain of a trade and unwilling to take it when considering the 1 hour with the 15 minute setup that you traded. The 15 was beautiful. The 1 hour makes it ugly for me. I'll have to trade a 5 or 15 minute setup and trade with a tight stop set. If it's a 1 hour setup, I'll trade off the 1 hour, but keep a relatively tight stop set considering the weight of the higher time frames. Since the higher time frames can negate the smaller time frame trades, then I'll take the trade anyway if it looks beautiful as your trade looked, but keep the tight stop.
Would love to see annotated charts like the last one if you have the time. In case I miss the obvious. lol
git......I'm going to do a Strat Test on a couple differnt time frames again using your iVars and Std Dev and see how often the high values on the MTFiVars occur for bollie breakouts. I hadn't noticed that before nor was I using the Std Dev in tandem with the iVars when I ran the Strat Test yesterday..
Excellent trade git......off the 15 minute for bigger gains than might be had off the 5 minute chart and it's obvious looking at your annotations why you took the short.
Pennies....are you using a Multi-Time Frame EMA indi for your MA21 trading method? If so, which one are you using?
Can someone pm the login for the drop box so that I can download the MultTFiVars indi? I've got the iVars itself loaded and believe the MultiTF will make a huge difference in lower risk entry ques. Thank you in advance!
I wear those ugly "crocs" around the house all day long just to prevent ever having to go through that jav. I hate the way they look, but they last forever and since I always wear my short socks in them, the socks stay clean and so do the crocs on the inside.
Don't worry about it jav.....I find myself foul mouthed far more often than I like trading forex.
Stuttering too........oh my. LOL....
My goodness.......someone's got a potty mouth. LOL
Very interesting. Mastering the harmonics is a bit of a challenge for this marble head, but the iVars lines are maybe not so hard for me to follow so I'll definately go back and spend some time with your previous posts.
git......I see this chart and the one immediately prior that you posted but not the one before that which pennies also did not see. Strange.
I also see a pinch of the iVars and StDev indicator lines on your chart here where the price topped out and reversed at. Scrolling back in your MT4 charting does that seem to happen a lot at tops or is that a one time or once in a while occurence. Seems I need to maybe download those indis..
I don't know git.....it's the first image I haven't been able to view for quite some time. I'll have to look into my image settings.
Thanks estimator. goody
Your chart isn't showing for me git.....I don't know if it is for others, but I'm only seeing the small box with an x in it indicating an image presence.
Agreed, but the gain potential is still huge on the larger time frames. And this isn't necessarily a scalping method but a method of finding potential wave reversals! Awesome pattern once you recognize it. And I don't think I would have had you not shared it with us.
Morning folks. Regarding that scalping method that you mentioned pennies where you count the 3 waves and then watch for the price to pass through and close over the mid-bollie while looking for confirmation from the TDI indicator........well I just noticed that the previous wave up on the 1 hour chart begining at the low of 1.0046 appears to be a good example of how it can work on more time frames than just the 5 minute. Too bad we weren't looking for it at the time because it offered up 285 or so pips. Now that I recognize it, I will always be looking for it for potential reversals on all time frames. Extremely good of you for sharing!
Pennies.....goodnight, sleep tight and thanks for the inspiration. I'm down since my losses the last few months, but not quite out yet. Who knows, maybe in a year I'll have a much improved balance in my account.
I hate how fxcm charting puts a big arrow over or under the position entry so that you have to struggle to see the price action prior to and around the big arrow with the grey colored block that it sits on taking up even more visual space. And you can't hide the arrow, only the line that represents the open order mark. I hate FXCM. It's as if they throw stumbling blocks at the trader to make it all the harder for the trader to get a handle on price action.
It's my new years resolution to move my account over to Oanda. Hopefully there charting is more responsive and easier to follow visually.
Well only 20 pips gain today trading live on that AU dive that just took place so far, but I'm out with the gains and plan to go long at 1.0135. We'll see how that works out.
You are right and I know it.
I'm hoping pennies has some revelation to offer when he visits us again.
Each of your last three posts were good advice and info, but your last was the BESTEST! LOLlol......
Why won't the ST allow me to trade more than 20k worth of lots? lol
Using the ST, I'm sure seeing what you're saying about the stops being taken out in surgical precision and perfection SG.