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Now on the flip side would a break above 9972 mean that we should continue up to the 1.01 area?
Guess I am learning something after all..haha
Have a good weekend everyone..Be safe if your traveling the roads..
Pennies you looking for a break above .9995 to go long or a break below .9935 to go short? If it breaks .9995 going long that voids the matrix going down doesn't it?Seems like you said that before or I read it somewhere else..
jav I'm still learning but that is almost exactly where I was looking at..
I understand the pissed off part..Makes it even worse that it ended up going where I thought it was but I went in to early..Either got scared and closed the trade or got stopped out before it reversed..If I would have had more confidence 4/5 would have been profitable..
Well guys I guess its back to the practice account for me..Thought my plan was good enough and apparently it wasn't..Had 4/5 trades go against me and that's not a good feeling..Was only using small lots so I didn't lose alot..
Can you tell me how..
I am pretty close to yours except I have a full matrix drawn from top down to the .9855 area..And thought it was going to bounce from there..50 fib would put it back around 1.0116..Small 123 matrix formed to the topside and has had almost a 61.8 retrace and 30M candle green right now..Does that make since..
javalin can you post a chart of your thoughts with goodman..see if I am anywhere close..
What size monitors do you guys use..And how many do you have..
Gotcha..So are you looking for a retrace back to the 1.0130 area..That would be the 50 retrace for the larger leg..I think..
No problem..Still learning MT4 myself.
sdc you can move your mouse over to the price column on the right of the chart and click and hold and it will move it up and down..On the trend lines you can double click the line and 3 little dots should appear..Then you can move end points or the whole line..Not sure on the zooming part though..
pennies could you post a 15M chart on AU with your take with Goodman..I have lines drawn everywhere and can't seem to connect them right..It seems to be headed where I think its going I just cant figure out why..
Sounds good..Gonna watch it closer tonight..Family is gone for a couple hours so its nice and quiet..
For instance a few minutes ago i shorted AU 1.00009 as soon as candle went through the white donchian which I think is the 26..Took 9 pips and closed which was pretty close to when the next candle went green..Is that basically the right way to do it..
No problem I completely understand..Never hurts to ask..I do have a couple questions on the donchian channel..You said you mostly watch the 9 but do you also enter a trade if it goes through the other bands..Also, what is your exit strategy..Do you have a pip target, change of color on next candle or is it just gut feeling..Thanks again for all the help..
Hey Simple, You ever taught anyone one on one.I am very interested in learning your set up and noticed you were in East Texas..I have some in-laws in Brownsboro I could stay with for a couple days if you might be interested in helping me out..
closed out just then for 25 pips..
Left at lunch with a short order in on AU and came back home a few minutes ago..Missed my take profit by 7 pips..But still positive on the trade for now..
Another question now...In the last post with the 15M chart..Does the matrix you just explained become one main leg..If so, we have already retraced a little over 50% to make the second leg and now it "should" drop roughly 330 pips..Also in the 4H chart we are at 61.8 fib in a large matrix so does that make a double wammy..
Man this stuff sure makes more sense when you draw the lines and not me..LOL..Thanks for all the posts and I am sure nobody is getting tired of them..
Wish I would have known that..I had just closed a long trade and was waiting for the retrace and then enter long again but it just kept falling..
Yea I was just fixing to ask what happens now..
What just happened to A/U
Pennies quick question about Goodman..On the 30 M A/U chart If you draw a line from low of 1.0154 to 1.0295 then down to second bottom at 1.0231 to high of 1.0378 back to bottom at 1.0145.. In Goodman theory it should eventually go up to roughly 1.0260 which is the 50 fib and then drop roughly down to .9912..Is that semi correct or is there something I am missing..I can see it better on the longer time frames than the shorter..Thanks
Simple will you look at my basic set up and see what you think..I am using Oanda chart for part of this..This is what I have on the chart..
Main chart (30 M) I have::
EMA 3
EMA 7
MACD 10,21,6
Second chart (5 M) I have
EMA 3
EMA 7
Full Sto 8,3,2
Basically using 30 M for trend and wait for MACD cross for confirmation
Enter on 5M chart when Full Sto crosses in direction of trend..And 3 has crossed 7 and headed in same direction..Using Heikin Ashi candles on Oanda and candlesticks MT4..
On MT4 I watch the Camarillo just to try and see patterns and see how it reacts around the different levels..
Why did A/U spread jump to 20 for just a little bit
That's what I have been trying to do is go with the trend..I have found out that trying to sneak a few against can cost you a bunch in a short time..
Do most of you only trade with the trend or do you go both long and short to maximize profit??
Thanks Simple..Looking forward to trying it out tomorrow evening..
Changed the MTF and found the exact time frame you used in the post and my chart looks EXACTLY like yours..
OK will do thanks..
OK good..also the MTF I had found a few days ago doesn't let me change to EMA only SMA..Is that going to be a bad deal..
Simple, got everything set up and looks like yours..But what is the heavy white line that is running with the tunnel..