fib. expansion and retrace in forex

I have a good teacher

ES

 

a question...

On the right of this chart, the last high around 10:00 time.

Is that a valid short signal? Your histo bars are diverged significantly, then they break below the zero line.

Or do you skip that trade because it's a higher high, rather than a DT? Just trying to clarify.

 

Another question:

On the boxed in area there are 3 lows. You have the third low labelled as a buy, and I have no questions on that.

However, I wonder could the middle low have been a buy as well? It's not quite a DB but very close, and the histo bars were diverged and then crossed above the zero line.

So would that be a long that was stopped out, and then re-enter long on the next low? Or would that long not have been taken for some reason? Again just trying to clarify.

 

S: last couple charts I'm not seeing any RadsT3; why did you eliminate the Rads indicator?? Was it throwing out mixed signals??

 

In real-time, yes. In hindsight, no.

 

Good morning shopster,

thank you, that is indeed very interesting.

My "respect" to you magic numbers traders.

When i look at your charts there, i see the same moves i would trade, but with a tottaly differnet understanding when it comes to the strategy for predicting.

Isnt that super cool, every trader uses different systems, but in the end, we all trade just one market - one price move, just with different points of views.

I love it.

good trading boys

 

Well yeah, that's the way it seemed to me too.

 

Dominic


09-07-11 12:58 AM

S: last couple charts I'm not seeing any RadsT3;
why did you eliminate the Rads indicator??

Was it throwing out mixed signals??

..............................................................

just cleared it off so we can clarify the histo bar setups.

diverge is the key.

s

 

Good morning shopster,

thank you, that is indeed very interesting.

My "respect" to you magic numbers traders.

When i look at your charts there, i see the same moves i would trade, but with a tottaly differnet understanding when it comes to the strategy for predicting.

Isnt that super cool, every trader uses different systems, but in the end, we all trade just one market - one price move, just with different points of views.

I love it.

good trading boys

...............................................................


trade the trend until it bends.......

s