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Aw whine..whine..whine..lemme get you some cheese with your whine pennies(LMAO)
Maybe 7:30 jobless claims and new house sales data will build a fire under it but til then just cuss it pennies!!(LOL)
Yup pennies...don't have much time..training not one..but two people..its always chaotic til they all are trained!One of them is a young man that's been with us for a while but of necessity is stepping into a new role..he had very little crosstraining before one quit so we're bringing him up to speed.BTW just yesterday he got interested in learning FOREX trading so I gave him a quick overview after close yesterday then gave him a homework assignment to get him jump started.I told him today about the board because he will need our help with setting up charts etc and by using the board I/we can give him links for indies etc needed to get charts set up.
GM pennies..one thing I have used on price action trading is what I would call a round number chart using horizontal lines at levels for example of .7500 .7525 .7550 .7575 and .7600 ...traders brains seem to be wired to react at those levels...you might set up a round number chart then compare to what youre doing on that and fibs...I even built a fib tool to mark round numbers as well as fib values a long time back.
Sure was a lotta gap&crap at the open..that just blows my mind..I find it hard to believe ANYONE would have an open order at sunday night open on ANY pair...guess I just dont understand the game but IMO that would be utterly retarded!
GM Heavyweight...the AO overlay on TDI looks good ...my charts starting to get kinda busy again but heres how it looks now...this is an H4 on E/U and I've put a couple of new twists on it...added a Hull MA set to 34 periods rather than 21 then I messed with the code on Hull a bit and put the Hull MA in again but as an overlay on the Awesome Oscillator...think I'm gonna like the extra edge and confirmation this setup provides.
Hey pennies..this is a lot simpler...heres an M1 on N/U and the chart is smoothed HA and oscillator is standard Awesome Oscillator...been using this combination for last couple of days and its been really good and IMO a more straight forward oscillator than the TDI..its no real guesswork but what you see is what you get type thingy..I've used AO n the past but not much but with the smoothed HA it seems to fit like a hand in glove...do yourself a favor and at least overlay the AO on the TDI and give it a test ride....this combination is really good to me.
Hey guys..miss me?...had one employee quit and another only training so its a madhouse here...hope I survive the day!!(LOL)
Mighty strange day today on USD selloff..to be sure the news was rotten for US this AM BUT!!..the whole time the USD BS run has been going on the data has been rotten...sure nothing unusual on todays releases...who can figure?(LOL)
LOL...I stink you maybe right(LOL)
Check lotsa charts Heavyweight..theres often about a 20 or so pip area across S/R lines that they take out short term stops in then ram it down your throat...another thing they know is that the small players often advise entering a short when support is broken or long when resistance is broken...often it works but if it was a stop hunt instead you get whacked with a nasty loser as they turn it around after clearing stops.These things can never be know on each trade situation but awareness of these things can help.
Yep jav.. now you know...sniffing keyboard fumes causes a lot of health issues..but so far it hasn't infected? uhfected?..refected?...uhhhh!!effected? me(LOL)
Heavyweight I get some of my best scalps outa these clowns running stops...check fib lines and double zeros...like 1.05 foe example...if one breaks below the double zero it tends to dip to around 1.0480 then bounces unless news driven...same scenario with fibs..stops abound above 61.8 so guess what...the price crosses above 61.8 then tanks...I think those are favorite stop hunts for these characters.Even with SUPDEM supply demand zones..I cant count the times a zone was traded through only to reverse hard soon after..stop hunts IMO
Memory loss is normal when you sniff to many keyboard fumes..it can also cause Dain Bramage and Fart Hailure!!(LOL)
Howdy guys...hey pennies just do what I'm doing...am trading M5 but have SUPDEM set for M15...works nicely and I even had a nice scalp for 28 pips on AUD/NZD earlier using M1 chart and M15 SUPDEM...best of both worlds for these intraday swings.
I'm with you jav...I really like that wickless smoothed HA...I feel that we are really barking up the RIGHT tree with all this stuff..its working out real well for me...always tweaking and hopefully always getting better with this crap!
Might just be personal preference but IMO its better than standard Smoothed HA..I changed the code from his colors of blue and purple to my choice of Red and Lime then compiled it that way
pennies heres something I found today I like..its a smoothed HA coded for no wicks(shadows)..heres an M15 AUD/NZD using it..a lot cleaner looking chart but works just as well...link
http://www.forexfactory.com/showthread.php?t=321687&page=10
AUD/NZD settled down from todays dump but I swear I cant find motivation to enter another long yet...its rising BUT the angle of rise looks like someone rowing a boat against a current or headwind...if that angles not about 45 degrees I'm speptical..low angles like it has shows me no real strength.Think I'll just wait and see..theres always another trade somewhere.
That's right Heavyweight...its why I use the line chart to find entry points..the Smoothed HA gives me trend but price action may not be where the candles are..takes a bit of experience and getting used to..yesterday I also added an SMA3 to the mix...I watch the bid line AND SMA3 and its working out well for me.
Yup...all pips are good pips when on the right side...I had a long E/U when news hit and looks like I may have closed a bit early..took profits at 1.0689 but its starting to look like I shoulda held for my first target at 1.0750.I'm a happy camper tho so I'll just wait for the short and move on to another pair.
Hey jav...I finf that the one called SUPDEM to be very reliable but I don't like any others I've seen..they set up too many zones.When a zone gets traded through its no flaw in the SUPDEM ..its simply a breaking of minor support or resistance..or major S/R if its a major zone...that's just part of price action.S/R holds..til it fails!
Congrats Heavyweight!!..good tradin!
Quite a long time ago I dreamed up that method where HA or smoothed HA can be put in its own data window..then you can overlay what indies with it..sweet huh?
GM guys..hey pennies...since you've fallen in love with the smoothed HA you might want to overlay TDI on it...to do that it must be in its own data window...left click smoothed HA in indie list ...choose modify..then in editor change from chart window to separate window on top line of script...hit compile..then install it...chart will look crazy but smoothed HA will be in own window...once done go back to editor and change the word separate back to chart...compile again and you will have it there below chart...overlay TDI on it and you will have TDI and Smoothed HA overlay.
GM pennies..I had posted about using the line charts not long before you came back from your time away from the board...I refer you to my posts 131503 and 131508...I did some jumping around on getting things to my full satisfaction and for a while have pretty well used the line chart with reg HA but now that you reminded me of the smoothed HA it pulls things together nicely.The smoothed HA gives strong definition of trend but reg HA and reg candles show the price action and volatility IN the trend...by using only bid line chart with smoothed HA I still see the price action and volatility but on a cleaner chart.Will probably be trading that setup this week with of course SUPDEM..fibs and Guppy.I think I already mentioned that on reg Oanda you can have a line chart by using SMA 1 and if you want candles you can still do so.
Hey pennies...another idea is to simply take the template I described and add a smoothed HA to it...a long time back I ran a setup using reg HA and smoothed HA both and traded well with it but I think my lack of understanding of the smoothed version caused me to dump it...heres an M5 on E/U like I mentioned..this sucker looks good just like this.The smoothed HA shows trend all the way to exhaustion and you get HA's crossing each other.
GM pennies..after seeing your post I decided to go to the tester and horse around again with the smoothed HA...using a bid line is part of my setup anyway I failed to mention so I'm accustomed to working with it.Using reg HA I can use bid line or line chart in MT4 but if using candles I simply use SMA1 and have same thing..on reg Oanda charts I use SMA1 also.After looking at the Smoothed HA setup I feel I may have done myself a disservice by dumping it just because to understand it and use it to advantage it seems its necessary to use in tandem with a line chart.At one time I was using smoothed and reg HA both because price action is often well removed from the smoothed HA candles.By using the line chart I see that I have the advantage of fine tuning entries/exits which is main reason I've had it in chart so long but line chart doesnt show trend and smoothed HA most certainly shows the true strength and direction of trend which I liked about it before.Anyway I'll be playing around with it this weekend as time allows and be eager to see your video and thoughts on this setup.Maybe we can find some time to yak about it before weekends over.
LOL...got Bud in hand as we speak...Bud can make you Wiser..or stupider for that matter!The Twins are named Frederick and Benjamin and its so new to me I forget and havent written down the middle names....hell..it might be Simple or possibly Bud(LOL)jav..in all seriousness you guys are family to me and I'm delighted to be able to share a very special moment with you all...just wish you could share in the 2 AM feedings and fun stuff that will result in the near term(LMAO)
Hey jav...I have the answer!!..it will break up..or down...or sideways!!You heard it first from the trading desk of simplegreen!!!!!(LOL)
Just got home pennies and realized that on the same template on home computer I also have an SMA20 on this chart...on Reg Oanda chart I have an SMA10 BTW...the turn and direction of either of those can give a sight edge in expecting what the guppys next move may be before it actually starts...so you might play around with on MA thats shorter than the lowest guppy MA.The SMA20 is probably the most reliable BTW..the 10 can whipsaw a lot with no solid substance to its change of angle....just food for further thought.
Oh well..its no chore to mark reg fibs at those extremes of SUPDEM...no big deal
Hey..thats good on the fib thingy...looks like it tracks perfectly with the SUPDEM zones
Gotta pull the plug and head home...will try to be atround later this evening...I also encourage any others to build this template..got a lot of years behind me resulting in this setup and its no gimmick..it simply works well for me and should for everyone that uses it and gains the experience using it to max benefit.
Its a powerful combination pennies...especially in a trend..just let each leg down/or up turn into another leg and another etc til the leg turns to consolidation...even if you enter n consolidation level and are wrong on its breakout its high probability that it will return there soon because consolidation is simply a tug of war between bulls and bears and equilibrium is seen in a range.Buyers and sellers are about equal.Hard to get hurt then or if you do its a papercut not an amputation.!
Please set this up and give it a season to get get used to it...you will find that EVERY pair can be more easily traded and traded with confidence once you get a solid feel for price action relative to the setup...every pair repeats the same scenarios over and over..HA and the guppy constantly confirm each other..reg candles can break YOUR bank...your target is to break THEIR bank(LOL)This helps to keep you from being suckered
Give the man a ceegar!..the blue line is EMA196 to give reference to area of our beloved Quad Tunnel..sorry I failed to inject that.
Yep sweet!...when a trend begins it actually has to start at tick level...if a pair is only ticking down it will show on M2 or M5 very early in the game so don't think as everyone does that M5 is just for scalping..its just a way to see whats happening as it begins to happen.When I see a pair fall off the cliff and guppy turns down sharply then I expect each "reversal" to only be a temporary profit taking...I expect several of these legs to develop and guppy to become resistance along the way down if guppys angle is steep..guppy and candles must catch up with each other and even then a consolidation is expected before true reversal is shown by guppy turning sideways...then gets crisscrossed(consolidation) then on reversal the guppy becomes support.
Also..when a trend is in progress up or down and guppy has a steep angle theres precious little chance for anything but a short countertrend move