paul
i talk to about 400 americans on a daily basis due to my client in U.S, understand that i do not doubt your intellect or your capability in reading naked charts.
if i remember correctly you had written that you took trade through your system & wanted to watch it develop on guppy which is an unfair expectation as every system has merits for a particular market.
For me in my little world it is a fair expectation. I love to study other indicators and methodologies. I like to know how they work and when someone asks, I can always give an intelligent answer. I know you are very knowledgeable and have good experience, which is why I come here to learn. It is also fun to learn how other successful traders do things, and then try and see inside their head and how they make their trading decisions. There is nothing original about my system, which includes my proprietary set of S&R's. Everything has evolved from my network of traders.
i believe you rely too much on oscillators as you keep mentioning terms like OB/OS. once you are in strong trends, major moves will happen contradictory to oscillators.
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do you really think so ?
OB/OS conditions are measured in several ways, and that being the case a confluence can be formed to measure an OB/OS condition. To rely solely on an oscillator is playing suicide. The trader looks for nothing but trouble when he sees stochastics (as an example) hit 85 and say it is time to go short. OB/OS conditions are measured by how far the market has drifted from equilibrium. In other words that could mean farther than usual from the cloud, or the tenken or kijun. Individual currencies can be measured relative to each other. The CAD/CHF was a sloppy 20-pip overnighter for me, but the reason for the dip that finally happened was because of the CAD being OB and the CHF being OS on the hourly chart.
So, yes I do rely a lot on OB/OS conditions, but the stochastics has very small relativity to it because of the nature of it, of which you are very well aware of.
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i simply meant, long when short & long term ma's above 200 ema & vice versa
This is the part of it where I'm glad to be the student in your classroom, because it is clearly evident this is your mindset.
As far as my personal view on this is concerned, what is a fact is that after a trend has lasted long enough, all the ST and LT MA's will be on the side of the 200 with respect to the trend. My view on this is I want to get in the trend as close to the beginning of it as possible. In order to do this, I am evaluating all the TF's and looking for the OB/OS condition that would signal the reversal. On the CAD/CHF, I was looking for 40 pips but got only 20. What I am really waiting on is an entry to go short relative to the higher TF's. because the low .8800's is on my radar. If we get a convincing break of .8777, then we could be on our way to .8097.
I know this move is imminent. It is a matter of getting in to take advantage of it. This is where my S&R's come in handy, and where I would look to next week's WR1, as a possible entry.
This is what my methodology enables me to do, is to find the reversal points of major trends and get in close to the beginning.
With respect to your methodology, I am always looking for a new angle of improvement. If the Guppy methodology helps me spot something that otherwise I would have missed, and do it on one trade, then the time is well vested.
The learning will never quit until the day I retire. As much as I love this, it could be when I die.
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do you see from my eyes, what i am actually looking for ?
Yes I do! You are waiting for the trader MA's to pass the investor MA's, and then price action correct back to the investor MA's, and then enter.
Thanks for asking. It's a pleasure to be challenged.
I don't know what you mean by the bubble concept, so I look forward to further posts on that.
I deleted the chart just to save some space.
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i talk to about 400 americans on a daily basis due to my client in U.S, understand that i do not doubt your intellect or your capability in reading naked charts.
if i remember correctly you had written that you took trade through your system & wanted to watch it develop on guppy which is an unfair expectation as every system has merits for a particular market.
For me in my little world it is a fair expectation. I love to study other indicators and methodologies. I like to know how they work and when someone asks, I can always give an intelligent answer. I know you are very knowledgeable and have good experience, which is why I come here to learn. It is also fun to learn how other successful traders do things, and then try and see inside their head and how they make their trading decisions. There is nothing original about my system, which includes my proprietary set of S&R's. Everything has evolved from my network of traders.
i believe you rely too much on oscillators as you keep mentioning terms like OB/OS. once you are in strong trends, major moves will happen contradictory to oscillators.
________________________________________________________________
do you really think so ?
OB/OS conditions are measured in several ways, and that being the case a confluence can be formed to measure an OB/OS condition. To rely solely on an oscillator is playing suicide. The trader looks for nothing but trouble when he sees stochastics (as an example) hit 85 and say it is time to go short. OB/OS conditions are measured by how far the market has drifted from equilibrium. In other words that could mean farther than usual from the cloud, or the tenken or kijun. Individual currencies can be measured relative to each other. The CAD/CHF was a sloppy 20-pip overnighter for me, but the reason for the dip that finally happened was because of the CAD being OB and the CHF being OS on the hourly chart.
So, yes I do rely a lot on OB/OS conditions, but the stochastics has very small relativity to it because of the nature of it, of which you are very well aware of.
________________________________________________________________
i simply meant, long when short & long term ma's above 200 ema & vice versa
This is the part of it where I'm glad to be the student in your classroom, because it is clearly evident this is your mindset.
As far as my personal view on this is concerned, what is a fact is that after a trend has lasted long enough, all the ST and LT MA's will be on the side of the 200 with respect to the trend. My view on this is I want to get in the trend as close to the beginning of it as possible. In order to do this, I am evaluating all the TF's and looking for the OB/OS condition that would signal the reversal. On the CAD/CHF, I was looking for 40 pips but got only 20. What I am really waiting on is an entry to go short relative to the higher TF's. because the low .8800's is on my radar. If we get a convincing break of .8777, then we could be on our way to .8097.
I know this move is imminent. It is a matter of getting in to take advantage of it. This is where my S&R's come in handy, and where I would look to next week's WR1, as a possible entry.
This is what my methodology enables me to do, is to find the reversal points of major trends and get in close to the beginning.
With respect to your methodology, I am always looking for a new angle of improvement. If the Guppy methodology helps me spot something that otherwise I would have missed, and do it on one trade, then the time is well vested.
The learning will never quit until the day I retire. As much as I love this, it could be when I die.
_________________________________________________________________
do you see from my eyes, what i am actually looking for ?
Yes I do! You are waiting for the trader MA's to pass the investor MA's, and then price action correct back to the investor MA's, and then enter.
Thanks for asking. It's a pleasure to be challenged.
I don't know what you mean by the bubble concept, so I look forward to further posts on that.
I deleted the chart just to save some space.
______________________________++++______________________________