@chris/shock/deco

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btw this is shopster stuff incase [member=9]shopster[/member] is mad that i haven't said that even though it's obvious as hell.
 
outthislife said:
btw this is shopster stuff incase [member=9]shopster[/member] is mad that i haven't said that even though it's obvious as hell.

Maybe insane, although I suspect just puerile.
 
Starting to use this method, prefer it to the ICT stuff. That ICT stuff seems a bit dodgy with which order block to choose etc etc
 
JohnWooly said:
Starting to use this method, prefer it to the ICT stuff. That ICT stuff seems a bit dodgy with which order block to choose etc etc
I am becoming a fan also - one thing I like are the profit levels and notice that when one trade is signaling a dt or db close there is often another good trade forming in a related pair. For example I would close a buy on the DT retest on GA and open a sell on EA that is a full pull or better.
 
Yep, shopsterfx5_macd_divergence_v1.0 gave a signal this morning on Eur/Usd.

Two ways to trade it, first do not go long looking at the break of the previous high, or just sell it for those 30 pips -

Chart h1 back at UK lunch time, the little arrow and the red trend line were painted by the indie, it rang a bell into the bargain, not sure what time.

Of course there was all sorts of divergence, including the zero lag macd and indeed my own little chart set up based on usdx.

One tiny comment shop made back those years ago, he mentioned on a double bottom setup where there was macd divergence, he noted the tiny histo bars as price reached back down to complete the DB, he commented that sellers were scarce, so too today as price reached up for the second time, much smaller histo bars than first time around -
 

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Hi Peterama

I only use the shorter zero lag MACD and rads stochastic. I don't use the divergence indicator .... Don't really understand it :)

I think the histo bars and dt and db is enough
 
Hi John,

It is just a kind of visual and audible aid, it highlights the area of divergence by using little arrows, lines and a bell with a little pop up.

I like it more as an alert, the older I get the lazier I become, so saves me the bother of thinking.

I'm jesting, but I like it ok, this morning I was eying a long on Eur/Usd, but I wasn't really that happy, UK banks off today and a break to the upside UK morning would normally tempt me, but shop's little indie was ring a bell incessantly from early - here is the 15 min, see all the little arrows.

Anyways, I would seldom trade first thing any Monday morning, so no long, maybe wait to say around lunch, see what the NY'ers think - here is the chart I looked at -

The very first thing I do is check usdx, hmmm.. nothing much, then surprised to see Eur/Usd eying a new high, the indie had been saying down 6 times beforehand, but there was one up arrow, just after the yellow vertical line.

Reality is that the fundies (usdx) kept me out, there really wasn't a push, if there was then willspread based on the usdx would not have diverged, it was just a little spoof.

Maybe tomorrow will be a different story.
 

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Btw, try this out, s&p today, on a mt4 US time, 15min, check where the little up arrow is ....2044.90, then drop back to the hr1 (day trading) and put on a 200sma.

Right now it is after ringing a bell telling me to that there is a classical buy signal hr1 on Gold, hmmm... off to bed :)
 
I never really look at usdx I think I should take more care and look.

Last week I got done good trades first thing around 8am when price and the histos were diverged and a nice 23% dt or db formed on 15m

Hoping to get a couple of nice trades this week.

I downloaded a nice range bar indicator, might test it on 3 ticks this week
 
Yep, range bars seem good, probably would keep from hitting the exit too soon.

Just for the guys lurking, I didn't make clear re Eur/Usd today and the lack of buyers apparent on the charts.

I just put a vertical line just before the first push up, then compare the length of the histo bars today, also note the 'overbought' positioning of the rads stochs both instances.

One other thing, application of usdx, if you are spoofing a usd crossed instrument you will dislike the usdx, it will often give you away, so first thing to look at, tells you which side a move is on.

Most recent example is d1, see the long overbought and the divergence, then check out the date of the fall:

https://www.ecb.europa.eu/press/pr/date/2015/html/pr151203.en.html
 

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