Strategies, Systems & Indicators

[sanjoy_roy]

Hi Eddie,

I have a query.

Please refer to the attached screenshot.

at 1 the up arrow comes but the yellow bullish crossover did not happen so we do not take the trade.

now at 2 not only does the down arrow comes but also the yellow bullish crossover happens, so do we go long here?

if no, then what should be done and why?

awaiting your insights.

Thanks,
Sanjoy

 

[THE LORD]

well not trendlines, but something different

could you tell us about the moving averages which used here and the moving averages parameteres

 

[Tavnaz]

Hi Eddie,

I have a query.

Please refer to the attached screenshot.

at 1 the up arrow comes but the yellow bullish crossover did not happen so we do not take the trade.

now at 2 not only does the down arrow comes but also the yellow bullish crossover happens, so do we go long here?

if no, then what should be done and why?

awaiting your insights.

Thanks,
Sanjoy

Hello Sanjoy,
I have the answer,forex traders must not be complete robots.
I once said that lazy boy crossovers fail, when no momentum is there in the market,or during choppy or consolidatory phases
You can clearly see Choppiness in the market just prior to crossover you should use other things to confirm entries
Consolidation: Setups will fail
Choppiness: Again failed
You need bearish crossover rather then bullish anyways.
Hope this helps
Regards
Taz

 

[ashish1802]

Re: Ashish you have made my day dude!!!!

Third straight month in profit..... that's amazing dude..
keep up the good work... and also it's time for you to consider going live....

thanks for boosting the confidence...any plans u have for new ppl like me to go live...which broker , which account n all ?

 

[sanjoy_roy]

Hello Sanjoy,
I have the answer,forex traders must not be complete robots.
I once said that lazy boy crossovers fail, when no momentum is there in the market,or during choppy or consolidatory phases
You can clearly see Choppiness in the market just prior to crossover you should use other things to confirm entries
Consolidation: Setups will fail
Choppiness: Again failed
You need bearish crossover rather then bullish anyways.
Hope this helps
Regards
Taz

Thanks for the insight Taz (if I can call u by that name).

Thanks,
Sanjoy

 

[Tavnaz]

Thanks for the insight Taz (if I can call u by that name).

Thanks,
Sanjoy

Anytime,man,anytime.
I am there to help,anyone on Edwards thread.
And yes, Taz is ok.
Are you trading live now,and if not when do you plan to do that.
Regards
Taz

 

[r.dibya]

metastock formula

can anybody tell me that -which indicator is applied in this chart and need formula anybody have in the metastock format

plese mail to me [email protected]

 

[sumitdasjoshi]

the indi you are post in a chart is called supertrend i think i dont have formula for that.

 

[r.dibya]

thank u, but somebody said that it is Countback line .so thatswhy i am confused

but i need formula of the supetrend indicator so how could i get this

 

[saivenkat]

@r.dibya

It looks pretty similar to ATR trailing stoploss, but i dont have metastock formula as required by you.