Intraday profit system

[Debarghya Mukherjee]

When I saw the first file "Wallstreet" I was very inspired to Gordon Gecco. But in the second part, it was not trading it was simply cheating. Institutional money rise and fall market. That is the only story here. but I like the statement

"G R E E D I S G O O D"

It is true because greed keeps professional different from amateur.

And still if nothing works....watch the movies "The Wall Street":thumb: it also comes in another version called "Wall Street: The Money Never Sleeps":clap:with updated info on latest financial meltdown.

Follow a character by the name "Gordon Gekko" and his "style" of "analysis" and "trading". You wont ever require any chart or analysis ever in your life again:clap:

 

[4xpipcounter]

The MA does not have to lag if you don't want it to.

As you know, the MA measures the average over x amount of periods. The default setting for the MA is set to the close. Whatever the closing price is is how the average is measured. The MA will move everytime the current candle moves, because everytime the current candle moves, a new closing price for the candle has been established. The oscillations in the MA will be more noticeable, the lower the MA. There will be huge movements (or lags) in a 3 MA, and a 200 MA will hardly be noticeable.
If the settings are set to the high or the close, then the movement will not be as noticeable, because the high and the close might change within the movement of the candle, but it will not change everytime price changes.
The way to offset it completely is to set the settings for the open price. The MA will never move except at the beginning if each candle. It will only move with price.

All the attributes I mentioned will be noticeable by setting the 4 MA's with the same amount, for example 4- 13 MA's. The difference you would make is in the settings one candle would be set to the close, the other to the open, then the high, and the low.

Another point about the 13 and 39 MA's. If you plot the 39 on the 5-min chart, and the 13 on the 15 min chart, the reading is always exactly the same. This is because the product of the MA and the minutes is the same, so it will yield the same result.

I'm still enjoying your thread Debarghya. Keep up the good work.

Hey Paul,
You are right. But let me add something more to this.
MA always state about how the market has performed in last session so it a lagging indicator. It is not a high probability set up to use MA. So I used ADX as the momentum indicator. So, high ADX rate dictate that there may be a strong trend forming. Now MA cross over is the second confirmation that yes, price performance also rising or falling. Now you can take take trade.
So there are other technical tools that can be used along with this set up for more high probability set up.

 

[4xpipcounter]

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Debarghya and others, as per the post in #309, I wanted to post this chart. Admittedly, the move was a little sloppy, but the .9147 projection was hit spot on. Having said that, this pair is probably going to drop much further.

The only thing that was done differently was we waited for the stochastics to be OB, treated the MA as R because of the OB condition on the stochastics, then picked up the pips.

 

[4xpipcounter]

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Here's an excellent example for a shorting opportunity using the stochastics / MA methodology. Stochastics are OB. The white line is the MA. Price has drifted far above it. The 4-hour also agrees with the scenario, it is ready to go south. Treat th MA, once it has been hit as a decision point. Price action on the way there will determine whether or not it will be broken.

I might add these opportunities exist all the time. This is my live account. The dotted lines on top represent my entry for the short, and my TP for the long I am currently in. I'm ready to take the long out, as I will not quibble over 3-4 pips.

 

[LivetoTrade]

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Here's an excellent example for a shorting opportunity using the stochastics / MA methodology. Stochastics are OB. The white line is the MA. Price has drifted far above it. The 4-hour also agrees with the scenario, it is ready to go south. Treat th MA, once it has been hit as a decision point. Price action on the way there will determine whether or not it will be broken.

I might add these opportunities exist all the time. This is my live account. The dotted lines on top represent my entry for the short, and my TP for the long I am currently in. I'm ready to take the long out, as I will not quibble over 3-4 pips.

Sir, earlier you had a view to go long on a 4 hour close above .8620. Any particular reason other than Stoch for entering a short trade?

 

[Debarghya Mukherjee]

In both of your charts I have my answer. You told e the secret long before. I follow them. Let other understand how to identify it.
In your choppy chart, target was hit, I have tested the value, and in the second chart nice shorting opportunity. But I will wait for one red candle before taking any position because some times channel piercing take place at the extreme momentum trend.

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Here's an excellent example for a shorting opportunity using the stochastics / MA methodology. Stochastics are OB. The white line is the MA. Price has drifted far above it. The 4-hour also agrees with the scenario, it is ready to go south. Treat th MA, once it has been hit as a decision point. Price action on the way there will determine whether or not it will be broken.

I might add these opportunities exist all the time. This is my live account. The dotted lines on top represent my entry for the short, and my TP for the long I am currently in. I'm ready to take the long out, as I will not quibble over 3-4 pips.

 

[4xpipcounter]

LTT, I think it might be my Weekly Forecast you are talking about. I could have just as easily as named .8605--.8620 because of it being an R zone. One hourly candle bridged that zone, and it was all she wrote.
For the benefit of my Weekly Forecast, if I see a zone, such as what I mentioned, and I want to name a specific point, I will usually name a more extreme point, because the lower end (In an uptrend.) of a zone will get hit and pierced, for the most part, but is usually wore out by the time it wades through everything. In this case, we had a strong move through everything which would indicate we are back in the MT UP

For the benefit of the conversation on stochs and MA's, this was the hourly and 4-hour charts I was referring to during a time of day that slows down for forex. Knowing I was going against the new MT trend, and the fact I loaded up, I had a very conservative TP on my trade at the MP at .8617, and I was very fortunate it hit it on the dot. It's still OB on the on the 4-hour, but the MA has bridged a lot of the gap as I am writing this.
We could be back in the .8580's, depended on the move it makes during London, but when it comes to my money on the line....well, like I said before, I'm a good trader, but I'm still a better forecaster than a trader.
My WS1 is .8582. If we make it there, then I'll go for another long at that point. I won't be surprised if we do.
Within the scope of the MA--stochastics methodology we are talking about, it is favorable to get back to that circa area.

Let me make something else clear. In general methodological talk, I will always talk about the rule. In my forecasts, whether it be on my WF or my general ones that I do throughout the week, the absolute of what I see on the charts is what I enunciate. In trading, I always go the conservative route. I do get a chuckle when I hear people talk about leaving pips on the table. Ahh, well, all of us do and will leave pips on the table. Getting the fair share is how we all make a living.

Sir, earlier you had a view to go long on a 4 hour close above .8620. Any particular reason other than Stoch for entering a short trade?

 

[4xpipcounter]

Debarhya, that's true, but keep a couple points in mind. Markets slow to a crawl form 12:30am to 12:30pm IST. That means a lot of octane is missing from the proverbial forex engine. During those times key cluster events simply do not get penetrated, because of the lack of volume.
Strong channel spikes usually happen near the end of a long trend. More often than not there is no real S or R. That is what happen with the Swiss Franc a few months back.

In both of your charts I have my answer. You told e the secret long before. I follow them. Let other understand how to identify it.
In your choppy chart, target was hit, I have tested the value, and in the second chart nice shorting opportunity. But I will wait for one red candle before taking any position because some times channel piercing take place at the extreme momentum trend.

 

[NTrader42]

In trading, I always go the conservative route. I do get a chuckle when I hear people talk about leaving pips on the table. Ahh, well, all of us do and will leave pips on the table. Getting the fair share is how we all make a living.

. . :thumb: . .

 

[Debarghya Mukherjee]

===============Every movement in market means Multiple factors effect. Not a single(simple) reason===============

How many fo you are agree with me in this statement?