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#16  


 








03-05-06, 7:50am
















Mike Jolley



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nevermind about the image thing

































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#17  


 








03-05-06, 8:09am
















Mike Jolley



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stochastics






I
often notice that when the stochastic gets smashed on the bottom or top
of the chart like you see in my chart there, a big reversal is coming
soon. This pattern seems to mean that people have spent a lot of money
pushing the price against the floor/ceiling.

The MACD divergence idea I got from James in his public thread, except
he doesn't label it MACD. I haven't used this idea because I'm not sure
what it means, but I'd like to understand it.

































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#18  


 








03-07-06, 5:24am
















james16



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Quote:





Originally Posted by Mike Jolley


I
often notice that when the stochastic gets smashed on the bottom or top
of the chart like you see in my chart there, a big reversal is coming
soon. This pattern seems to mean that people have spent a lot of money
pushing the price against the floor/ceiling.

The MACD divergence idea I got from James in his public thread, except
he doesn't label it MACD. I haven't used this idea because I'm not sure
what it means, but I'd like to understand it.




thanks mike, i will give you some help with this. stay tuned. jim







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#19  


 








03-10-06, 1:29am
















Mike Jolley



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Update






I
think I see a 4IB on USDCAD daily. Might take a break up. Looks like
support from the daily pivot which is around the same as the most
recent highs (0% fib?). Some of that divergence too.










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#20  


 








03-10-06, 1:32am
















Mike Jolley



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Funny, looking back, it didn't go like I predicted. It went up at a much steeper angle

































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#21  


 








06-01-06, 1:54pm
















renasdad



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I
understand that confluence means when two or more differant "lines"
come together at the same price, it is stronger. Here is a question,
When looking at a weekly and daily chart, and the 150 MA is about to be
touched at the same price, is that as strong as 2 differant lines on
the same chart like a fib and 365 MA?

EDIT: Now, looking closer, the 4 hr chart has the 365 MA at very close to the came price also.







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#22  


 








06-10-06, 5:34am
















renasdad



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Quote:





Originally Posted by renasdad


I
understand that confluence means when two or more differant "lines"
come together at the same price, it is stronger. Here is a question,
When looking at a weekly and daily chart, and the 150 MA is about to be
touched at the same price, is that as strong as 2 differant lines on
the same chart like a fib and 365 MA?

EDIT: Now, looking closer, the 4 hr chart has the 365 MA at very close to the came price also.






Just curious if anyone could elaborate on this?







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#23  


 








06-10-06, 8:20pm
















habeeb



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Quote:





Originally Posted by renasdad


I
understand that confluence means when two or more differant "lines"
come together at the same price, it is stronger. Here is a question,
When looking at a weekly and daily chart, and the 150 MA is about to be
touched at the same price, is that as strong as 2 differant lines on
the same chart like a fib and 365 MA?

EDIT: Now, looking closer, the 4 hr chart has the 365 MA at very close to the came price also.




I've read somewhere on the main forum that it is a good setup
when the same MA on different timeframes is at the same price, or when
2 different MAs are at the same price on different time frames. If I
come across the thread again, I'll post the link here.

Take Care
Habeeb







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#24  


 








06-11-06, 6:24am
















renasdad



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Thanks habeeb .







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#25  


 








06-11-06, 12:39pm
















traderdp



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how far back to go in computing pivot points on 240 min chart






Hi to all in this terrific forum from a newbie who is learning more by the day than I ever imagined.
I am reposting this question here as it seems more appropriate on this topic- sorry for my confusion.
I have simple question on plotting pivot points for confirmation on a eurusd 240 min chart when using price action.

1. how far back should I go in making the pivot points for current day
chart - use only current day of data - or go back to 1 previous day of
data with current day data, or go back further.
Depending on how far back I go - the pivot points will significantly change in position.

2. also should I keep changing the pivot lines as higher highs and
lower lows are produced in the current day data (which leads to wavy
pivot lines) or should I just use data from prior day or days (which
leads to fixed horizontal pivot lines) ?

thanks to James 16 and to all others in this great forum
Any help is really appreciated
traderdp
David

































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#26  


 








06-11-06, 1:17pm
















eastmaels



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Quote:





Originally Posted by traderdp


Hi to all in this terrific forum from a newbie who is learning more by the day than I ever imagined.
I am reposting this question here as it seems more appropriate on this topic- sorry for my confusion.
I have simple question on plotting pivot points for confirmation on a eurusd 240 min chart when using price action.

1. how far back should I go in making the pivot points for current day
chart - use only current day of data - or go back to 1 previous day of
data with current day data, or go back further.
Depending on how far back I go - the pivot points will significantly change in position.

2. also should I keep changing the pivot lines as higher highs and
lower lows are produced in the current day data (which leads to wavy
pivot lines) or should I just use data from prior day or days (which
leads to fixed horizontal pivot lines) ?

thanks to James 16 and to all others in this great forum
Any help is really appreciated
traderdp
David




Hi david and welcome to the group!

Actually, I already saw your post or question but I really don't know
the answer. So I'm just posting just in case this would help.

Here is an automatic daily/weekly/monthly pivot point calculator:
http://www.forexfactory.com/forexfor...72&postcount=4

It can be found in this thread:
http://www.forexfactory.com/forexfor...ead.php?t=4330

Hope this helps.

East

































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#27  


 








07-15-06, 9:10pm
















phoenix



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question on confluence in time or x-axis direction






i'm not quite sure if this is the correct thread to be posting this (my apologies if it's not).

i also often see people using confluence with respect to the y-axis
(vertical direction), i.e. confluence sup\res, can we use confluence
with Gann charts and fib time series in the x-axis direction as well?

for example (and i'm completely pulling this one out of my *ss). say
bollinger bands have shrunk, and this shrinking coincides with a fib
time series line and\or Gann square boundary, could this considered as
confluence in time (as opposed to price)? or we saw a nice pin bar
forming
at a fib time series line...could this also be considered confluence?

and more importantlyh could any of this potentially be used to trade?

any help or guidance would be greatly appreciated,

phoenix

p.s. james16 et al...thank so much for all your help and guidance!

































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#28  


 








08-04-06, 8:44pm
















james16



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yes yes yes! confluence comes in all flavors and styles. great question.
Quote:





Originally Posted by phoenix


i'm not quite sure if this is the correct thread to be posting this (my apologies if it's not).

i also often see people using confluence with respect to the y-axis
(vertical direction), i.e. confluence sup\res, can we use confluence
with Gann charts and fib time series in the x-axis direction as well?

for example (and i'm completely pulling this one out of my *ss). say
bollinger bands have shrunk, and this shrinking coincides with a fib
time series line and\or Gann square boundary, could this considered as
confluence in time (as opposed to price)? or we saw a nice pin bar
forming
at a fib time series line...could this also be considered confluence?

and more importantlyh could any of this potentially be used to trade?

any help or guidance would be greatly appreciated,

phoenix

p.s. james16 et al...thank so much for all your help and guidance!












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