Aint gonna work jav..paypal doesnt accept food for payment nor do I and besides that you even misspelled Dinners(LOL)

YEP!!!That'll be a thousand...and a quarter of a thousand..paltry sum to keep someones head above water!!!..snickker...snickker...that'll be US dollars BTW..not zimbabwe(LMAO)

Well jav...just trying to help you stay outa the trouble some chart layoutscan sure get you into.On the issue of using smoothed HA its just fine but be sure to overlay with regular Heikin Ashi..I've done well with that setup and still use it on one of my templates I refer to every day.On your chart you're using EMA 200...I suggest you instead to return the Quad Tunnel to your chart and along with that an SMA200..if you look at a chart of pretty well any pair you'll find that the Quad Tunnel is still the powerhouse indicator that still beats all moving average setups hands down.You will notice that for example if a pair on H4 is rising toward the SMA200 but the Quad Tunnel is hit first that the pair will respect the QT and retrace before hitting the SMA200...if it gains support at QT then the 200 usually stops it later after correction.My bread and butter setup uses this combination and without it I feel like I'm trading blindfolded.I scalp the London session using QT and SMA200 on as short as a 5 second TF.If a pair crosses above an M5 Tunnel it usually runs a bit then comes back down to tunnel at which point it amost always bounces.Once M5 tunnel support is establish it will keep rising and falling but each fall supports at a constantly rising Quad Tunnel.This is basic price action trading using the tunnel as main tool.Eventually it will break below tunnel.....first support and a few cycles after is at top line of tunnel...once support moves to bottom of tunnel it may soon freefall below tunnel then rise to test it.A failed test might be a short opportunity as it hits tunnel from below.
I have seen and traded the scenario I'm describing countless thousands of times and am passing this on with but a small fee which I know you will eagerly send to my paypal account(LOL)

Hey jav...arent those Smoothed Heikin Ashi candles?..the long upper shadows makes me think so...be careful with smoothed HA and if you use them I suggest you have either regular HA candles or regular candlesticks along with the smoothed HA.They can get you in trouble if not carefully used.

From the look of the price action now on M5 A/U it appears that its going back to channel top soon...the key if I'm correct is to see how the market reacts at .7371 or so.

Good deal quant...A/U would be steeing up nicely but for the fact that those damned smaal candles have confused good wave counting..I prefer nice easily seen consolidation levels but am not seeing that part of the puzzle that suits my fancy.Still lets watch the .7351 /.7371 channel for now..if you use Heikin Ashi and lines are set then drop to an M5 chart and observe the action..we're looking for a drop out of this channel but since channel is only about 20 pips take quick profits on shorting...20 pips isnt enough to convince the big guns to reverse their positions IMO.

Lets drop A/U to M15 and set a horizontal line at .7350 and see if that will become a valid consolidation channel..if so it should cycle a few times before it drops or breaks higher.We are already convinced of a short opportunity at this point but are looking for best price and safest trade if wrong.

Ok guys..time for serious work to begin on A/U..use H1 and set a horizontal line at about .7371 "top"..this is ONLY the beginning of a hoped for consolidation begining...we wont have a channel bottom for a few hours probably..theres never any need for a rush to action on these things..patience is the watchword now.Let it all set up then pull the trigger..OR NOT pull the trigger.

Hey quant..the creamed possum I use to serve was at times suspect as to species since it was always "creamed" by a passing vehicle>I let the road do the work on my roadkill!!(LOL)

Good afternoon quant...the 3 H1 consolidations I speak of track with pennies stuff on EW theory..have seen more than 3 on occasion but even then any correction should turn the losing trade to profit if 3 waves have completed.IOW you can still get in a bad trade but at the same time its not prone to be a LOSING tade..if that makes sense.

Funny thing pennies..my wife just hollered from her trading room that even without the eye of a crow A/U is down!!(LOL)

Considering the carry trade situation at present I would be only watching N/U and A/U...A/J...so I'm looking for short oportunity...therefore I'm well set up with fibs..trendlines..pivots based on daily or weekly...then my main watch is for weakness on H4 and consolidation on H1...its a CLOSE watch if H1 consolidation is the 3rd consolidation in the runup.

Boy pennies I get excited thinking about a dead crow..used to be a mainstay but delicacy when I was serving my famous roadkill(LMAO)

jav..thats the great thing about microwave ovens...you ca use it to speed up the dry chicken bone part of the curse...what about the eye of crow tho?Times a wastin with A/U still runnin!!(LOL)

Not smoothed HA..just regular HA jav..,am trading mostly with regular Oanda chart and Heikin Ashi and as I said fastest HA at 5 seconds TF and slowest HA at M1 during London session and seldom look at my MT4...actions just too fast when Europe is open.

Hey pennies..I'm always around..sort of..I lost the curse recipe and being a freebie I cant simply look it up as a board search...check last years or year before pennies and see if you can find it.THAT was a REALLY good curse...my best one!!(LOL)

BTW jav..if you are referring to the HA candles as "beer drinkin" candles you might wanna stop what youre doing and grab a brew then go to HA(LOL)..got to where Heikin Ashi is all I now use...matter of fact in the wee hrs of the morning when trading the London session I use HA set at anywhere from 5 seconds to M1 and scalp the hell out of pairs using them!HA really clears the air for me and eliminates a lot of second guessing myself that regular candles can cause.

YW jav...just trying to make sure you dont have to break out those little pink floaties you wear when you get underwater!!(LOL)

Howdy jav..be patient on trying to short AUD or NU...looks like AUD is being bought into as a carry trade...look at an H4 Heikin Ashi...then drop to an H1...theres a lot of very small H1 HA candles and I've seen this many times when a carry trade is being played.Be patient and wait for at least H1 consolidation...then before pulling the trigger short go back and have a look at H4 HA candle..if in lower half of candle you might expect next HA candle to be red and could get a few pips on the dip...if price action on H4 candle is in upper half of candle then dont short it yet because next HA candle on H4 should be green!Make yourself a rule to NEVER enter a trade unless theres been good consolidation first..in a trend in progress its smarter to join the trend than to try to trade against it..if not willing to join the trend then stay on side til consolidation has occured at least 3 times then consider joining the break in other direction.

Obviously Heavy they try to make it so unbearable that freebies will give up and say Ok I will take out a subscription but theyre dead wrong..it just pisses potential payed members off especially when they DO give in they come face to face with the fact that being a paying member NO LONGER gets them an ad free experience...paying members these days STILL have to endure the crap..just not as much as a freebie!The ONE and ONLY reason to opt for a sub has ALWAYS been true ad free navigating of the site!Thats obviously Gone With The Wind!!Oh well..seems that the commercial aspect has once again won out and ruined something that was once so great!

Boy ..life aint easy for a freebie on Ihub!!(LOL)..I am slow to respond some of the time because posting on Ihub as a freebie means the site spends a ridiculous amt of time loading all the garbage it loads so posting and viewing posts is a painfully slow process at times!Cant believe ANYONE would be eager to accept the offers or deals that loads ad nauseum here on Ihub.Even if under better circumstances I might be interested in these crap ads then through complete irritation I would tell all advertizers AND Ihub to shove it up their royal rectum!!!!!(LOL)Even as a freebie Ihub used to be better than this..its utterly ridiculous now..maybe its time some one started a site with acceptable freebie privileges...at this point I must say that for a freebie Raging Bull is starting to look good compared to this(LOL)..Wonder if Raging Bull is still around BTW..used to be Ihubs top competitor years ago.
Off my soapbox finally!!

BTW you asked about SMI and at this time H1 SMI is looking favorable toward the downside on A/U and upside on H1 for E/A...on the SMI thing I need to find another copy tho..I love it but am getting annoyed with this version...the script seems to have a bug causing me to have to flip TFs to keep it tracking the price action.Will see if I can find another version without that bug.

Good afternoon quant and the rest..am patiently looking for A/U top to confirm...theres only been 2 H4 candles at the upper trend line test..we're on third one as I type...number 3 is looking bearish at its start so starting too look good for the shorts..hope so since I started short postions at .7240..was expecting .7270 or so but price action suckered me to begin postions early.Will keep my finger near the trigger tho because only 8 hours plus a little may not be enough to satisfy the appetite for long positions for hedgies and big guns.The upper trendline is coincident with a major lower trendline on E/A being hit.If E/A holds and stays turning north we're looking at some good pips short on A/U...I'm only in small...I always start small then build if it goes my way..if against me I give it lots of running room before I consider averaging.
At this point all looks favorable but am not going allin playing Texas Holdem(LOL)..at this point am up 13 pips but still concerned that less than 12 hours is adequate to give rise to wholesale selling of A/U although I HAVE seen a 3rd H4 candle bring it about..I'm big on candle counting I guess you noticed(LOL)

Good afternoon Heavy...I never liked default SMI(40,10,1,1)...way too far outside the curve IMO..I'm using SMI(10,8,5,3)...try that and see what you think.Also I get my best perspective by overlaying the SMI on the TDI

Notice also jav how the SMI works in perfect harmony with the TDI market base line

Yep jav..it works nicely with the TDI...the params on SMI I settled on are 10,8,5,3.I love the way it effectly smoothes the "noise" of the TDI..cuts out the constant and sometimes confusing flippy flops of TDI lines but showing confirmation of trend based on stochastics yet doesnt violate TDI information...I love it!

GM jav and all..been trading a lot lately but not much during daylight hours..trading a fair amount during London session since I go to bed "with the chickens" most of the time...worn out from the honeydos you mentioned(LOL) but tend to wake up around midnight to one AM.Been trading a lot with stochastic based setups the last week or two but last few days have simplified things more by using a TDI with SMI(stochastics momentum index overlayed on the TDI using 10,8,5,3 parameters and really liking the results..heres a screenshot of an H1 on the Beast...bold white line is the SMI..I find it very complimentary to the TDI ..especially on market direction changes as well as how it relates to the TDI market base line...chart

Gooc afternoon KIRBY...am so glad the boards been a help to you...FOREX is tough and can make you wanna pull your hair out at times.Also I/m glad youre being wise with the micro acct..might not seem like it but if on the wrong side of a trade 10 or 20 cents a pip can put a nasty dent in your equity with a small acct...my accts(I have 2 FXCM and one Oanda) arent small but I still use caution on entries and usually scale in beginning with little 20 cent a pip entries and sort of test the waters at first to see if I/m right on the call..thursday I had a preset long entry trigger on AUD/JPY at .7975 and soon after all hell broke loose and it crashed to around .7760!!...found myself about $41 in the hole by the time it bottomed and that was at only 20 cents a pip!!..see what I mean if on the wrong side..anyway I just let it ride and started adding from the bottom up and yesterday I closed all for a nice profit at just shy of .8050 mark.Am now a happy camper with that one(LOL)BTW I did NOT add on the way down which is what so many traders do in a case like that..I waited for plenty of consolidation time so bears could get exhausted then switch to bulls...took about 5 hours for me to feel good about adding and riding the return trip north but finally turned a bad trade into a nicely profitable one by being patient.I learned a longgg time ago to stay away from the old falling knife thing by either taking the loss or waiting til I see a high probability condition where my wrong side trade finally changed to a right side trade even tho I was in the hole starting the ride.
Conservative trading will keep your trading manageable and keeps YOU in control of your acct..trade to make GOOD TRADES..not to make money...making money is simply the sweet byproduct of a good trade.

IOW pennies N/U is a MAMMY GOrilla GroundThumpin Steroidal Gazelle!!??...is that about right?(LOL)

GM pennies and all..in case everyones wondering about market conditions and driving force behind these risk pair declines check out the panic selling caused by extreme risk aversion...BOJ was only a trigger for a major downside correction and the Yen which is/always has been a POS is now being bought like it was the best thing since sliced bread...no currency has a chance to hold gains til the powers that be stop this huge runup of the Yen,Heres a daily of the Philly Yen index showing the moonshot of the Yen.Til it reverses I dont trust any longs no matter how tempting prices are so I'm reduced back to scalping M1 to M15 on AUD and NZD...I hate these conditions and have seen it several times through the years...cant/wont short AU or NZ so I scalp long on bounces but treat it like walking on eggshells!Hate that...chart on yen

GM KIRBY..I seldom use the Renko charts any more but do have one set up on occasion to refer to..on any pair of interest I use 3 different charts..one with a lot of bells & whistles..one much simpler using regular candles and main chartt a fairly simple on using Heikin Ashi candles which is the main one I watch.Most of the time I use fibs set on daily or H4 TF on all 3 primary charts.By using the Heikin Ashi I can always be in touch with major trend as well as entry/exit fine tuning if I want to scalp the M5 or M1 TFs and play hit & run for a few pips at a time.Over all I really like the time based charts especially HA over Renko...I spent a fair amount of time messing with Renko which is strictly price based but finally went back to time based charts...one reason was that Renko uses up a lot more platform resources and 2 charts have to be run on a pair and as I already mentioned that I already have 3 chart layouts for a pair of interest as it is so Ipretty well booted the Renko.
Have you ever worked with Heikin Ashi?..theres a lot of information in an HA candle once fully understood.Its a powerful candle type for trendfinding...reversals etc.An HA candle always opens at the midpoint of the previous candle so the candle is speaking to you at all times.If in an upward move there is no lower shadow then we know theres strength in the move since that can only occur if newest candle has stayed in the upper half without retraceing into the lower half.Probable reversal is seen by having a spinning top candle at top or bottom of a move...no upper shadow in downtrend shows strength in trend...no lower shadow on up move shows power to the upside..spinning tops indicate indecision and possible reversal soon since either the bulls are getting tired or bears are and a short tug of war may reverse the action.This has turned into a mini novel so will stop here KIRBY(LOL)

HAPPY BIRTHDAY jav..,you old fossil!!youre catching up with me!!(LOL)

Sorry bout that for sure Heavyweight...I think I'll move over to AUD/JPY for the time being til A/U dust settles..not gonna get crazy on it tho...hate trading any Yen cross especially now after BOJ..bank of japan has pulled their latest stunt with negative interest rates..hard to say what long term effect and how distorted it might make the yen crosses.Havent traded any yen crosses in a long time..maybe it will do me good healthwise...they can bore you at times and get the old heart puming at others(LOL)

GM qui...technically A/U should be pretty well finished on this runup ..I think we are all in agreement with that..the sucker might run To Da Moon but its hard for me to expect that without first having a healthy retrace to at least the 100 day MA around .7150 or so..if that were to happen it would mean about .7100 or 50% fib line on daily could be the target.Hard to say what the banks are gonna do with it now...actually the healthiest retrace would take it back as low as .7040 or so...the way I see it A/U could easily drop that low without really screwing it up but to remain really bullish it needs to drop to around .7170 then find new support..not that present support has been broken(LOL)

Well pennies and all..A/U is still on my dont trade list after all these hours..no sign of weakness yet..it definitely is technically poised for a downturn with so many lines coming into play at same area but gotta set a top it cant penetrate first...then consolidate..then start breaking south..shheeeesh...gonna take a while I guess.Missed out on another 70 pips of gain but if I had to do it again I would have still closed at that daily 61.8.Still theres been no market signals such as a pinbar....still trading near top of H4 candle..still this and still that!I feel naked without a position somewhere so guess I need to look around and see if something else looks appealing til I can get back to work on A/U.BTW with the bullish turn so strong and fundamentals improving I will now find it hard to short the danged thing so might as well just put it on back burner and find another pot to stir(LOL)

Just a nugget to throw at everyone as well as myself as a reminder...The road to enlightenment is paved with stupidity..you learn FOREX not by success but by failures...to succeed in FOREX you dont need to know so much how at first to MAKE money but how NOT to LOSE MONEY!Patience and conservative trade sizes are a must...trying to think we have nailed a top or a bottom is unrealistic and the demise of a lot of otherwise good traders..just try to be a part of whats HAPPENING...NOT what we think SHOULD be HAPPENING.The trend IS indeed your friend and its been said ad nauseum.Watch for consolidation..not tops/bottoms..ride the breakout that most assuredly will occur...you seldom see a true reversal without first seeing a firm test of a price level.The chart of jav's on A/J H4 the other day was very uncommon..it simply bottomed then reversed!Thats abnormal ..no consolidation!!..but then it was a Yen cross so weird things might happen where Japan is involved.Anyway..I just wanted to see if I could help to confuse everyone a bit more..if possible(LOL)

KIRBY the high percentile success in using pivots is a count of touches of a reversal line the way I see them...BTW I do use pivots a lot...one reversal starts the possible pivot price line...at some point the price will be drawn back to it like a magnet...this touch should fail and reverse yet again..next attempt usually breaks through the pivot line and then the pivot that was resistance now becomes support or the support becomes resistance.This is how I view price action with "pivots" so this is how I trade them....ASSUMPTION!!..Second touch fails but 3rd touch breaks through.You might think of them kinda like dbl tops or dbl bottoms...3rd times the charm(LOL)

Good afternoon pennies...might I suggest the cure for jumping the gun is simply go to Heikin Ashi on one of the watched charts for a particular pair..M15 or M30 is usually good for this.I usually run several charts on my pair of interest and one is always an HA chart..saved my butt more times than I can count.The unique thing about HA candles is that a new candle ALWAYS starts at the middle of the previous candle..so if an HA candle starts green its in the upper half of previous candles range(bullish)..if it starts red then its in lower half of previous candles range(bearish).This by itself is not to be traded by but a part of a checklist like you have been saying on other indicators etc....I cant tell you how many times I almost entered a short when M30 HA seemed to disagree with me.Til you get a breakdown on HA candles you will not get a reversal of price action .

Thanx KIRBY..I'm a happy camper when things go right...I'm not bulletproof and make mistakes like anyone else but keep trade sizes reasonably small in the event I miss it on entries..if it appears I nailed it I can always scale in larger ..if youre on the right side of a trade you can make pretty good money on less than a dollar a pip but if youre on the wrong side even a small position can damage an account by moving hundreds of pips against you.Good money management is very important to build an account...especially if youre like me..I dont use stops!Also try to keep an eye on any change in fundamentals..I'm mainly a technical trader but I watch press releases like a hawk anyway.Thats a very important part of a FOREX traders arsenal and you should never think technicals totally rule.Techs tell you what to expect but fundamentals tell you WHY to expect.

qui..the daily fib I/m using on A/U is long term look drawn with anchor at october 12 swing high to jan 15 swing low...that puts 61.8 dead on todays top...fib boxes I use are drawn in concert with the major fibs and usually dont argue with each other.You might want to pull up another A/U bare chart and set fibs to those dates I'm posting and get a handle on expected moves in secondary fib boxes relative to the major fib lines of daily.