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Thanks, over 11% just testing this today on demo. But yeah, I am used to making entries on TL crosses on 5m, but you are right I need to drop to 1m for confirmation of the indies or I may risk late entries.
I have noticed that if you use the indis to confirm a TL break it seems to be VERY powerful
skype : pipatronic
video 14 CADJPY 1 hr interesting
and thats it for today, eyes closing on their own
skype : pipatronic
video 13 follow up on crude
Hi Pip,
First of all I’d like to thanks you for bringing up “correlation” concept. A very nice video yet again…
I’d like to emphasize one point that I came to realize during my entire “screen time” in FX.
The size and level of that correlation changes from time to time. At some time it’s 100% and at others it may be 60-80%. Like the amplitude of a wave.
For example: there’s another move in Loonie in your video. It is to the left of 14:30 starting at around 11:55 until 13:00. This move in USDCAD is about 0.8 times the move you explained right after 14:30. Yet the price change in Oil is far less. Although the direction seems correlated the “amplitude” of the movement is different.
OK. What does this observation serve us if it’s correct? I don’t know. But this happens to be the case.
Best regards.
Nothing has ever motivated me more than this...
Morning Balrog,
Yes you are quite right the correlation is not always fully there.
What I was hoping was that someone would come forward with an idea like the gold correlator indi so we are not relying on just once piece of information like say the loonie.
I picked the chart time frame in question for the video because of the crude oil inventories news relaese as that seems to be when the best correlation opportunity occurs – maybe more for trading the loonie than for the oil ?
Food for thought.
Keep the thoughts and ideas coming, great to have you here and to have a pool of ideasRegards
Pipskype : pipatronic
Hey jhlewis, I have attached a trend line alert indi for you just incase you do not have one
Pip
skype : pipatronic
Entered here on EU for winner. 5m was getting close to 1m entry after it passed. Sometimes 1m seems late when moving down from 5m. Will keep testing. Green box is first two hours of NY my self imposed trading time.
G if you could include an option to not show the text in the TV that would be helpful. Or recommend one that has similar results.
jhlewis, was just going over ur charts, one thing to watch was usd news this afternoon which can obviously skew things
skype : pipatronic
Pip, that video # 15 rocks!!! Free private lesson on how to use Currency Strength & Volume indicators.
Now maybe we head towards NN prediction
Best regards…
Nothing has ever motivated me more than this...
pipatronic,
Just one more “Hint” regarding the Gadi_NormalizedVolume indicator:
Due to the nature of Histogram, you don’t have to wait for bar “close” in order to enter a trade.
You can enter a trade when Gadi_NormalizedVolume equals or slightly exceed that indie MA (when other indies agree).
The reason is that Gadi_NormalizedVolume Histogram never retrace during bar creation. It keeps accumalting data.
Entering a trade even according to the above, before bar close (when other indies agree) will give you even more pips.
Good job!
G.
The importance of Video #15, besides execellent example of proper usage of Gadi_Currencies Strength indicator, is in what it implies and indirectly suggest.
In order to take full advantage of the Currency Strength – you need to enter when two currencies START to converge (or diverge)!
Most newbies traders enter only when two currencies CROSS, which is way too late… and sometimes they will not even cross in some situations.
I stated that fact in many posts – but here is a perfect video #15 example – thanks to pipatronic effort.
G.
G thank you for the info and compliment – I am just the messenger – so credit goes to you
Understood about currencies, thank you
Pip
skype : pipatronic
G = In order to take full advantage of the Currency Strength – you need to enter when two currencies START to converge (or diverge)!
Pip = just been going over Fridays spag and I think I will do a video trying above
skype : pipatronic
NN: Neural Network or ANN: Artificial Neural Network
Took me some time but once I was able to make a “prediction”. I was trying to learn whether you’re interested in the subject or not
Best regards…
Nothing has ever motivated me more than this...
Hi Balrog, ahhh…….. so thats NN, looks like I have some homework, not a subject that I have looked into and while I am sat here with my tea and toast I have been doing some searching on google and not found much info – will have to get a longer spade and dig a bit deeper.
Best wishes
Pip
skype : pipatronic
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