Remark on Video #22:

Spaghetti signalling something but price doesn’t move much – the reason is VOLUME is not in alignment (shown on Volume/Tick/OBV). Simply there is no volume to drive the price.

So you might ask how come the Spaghetti indie move?

It moves because other currency pairs causing it to show strength/weakness, there is volume…[Read more]

TL on the DIFF will almost always break at the beginning/start of convergence, a correct point of entry if confirmed by supporting volume.

Divergence on the DIFF will signal direction change, but many times a very small one. The reason for that is Price and DIFF measure different things.

G.

Yes, Divergence on the DIFF & TL on same.

G.

The TVI_v2 indicator is giving wrong alerts prior to “0” line cross (with bar close alert setting).

G.

Already done with the Spaghetti Diff Divergence indicator ~3 yrs ago.

But good idea in any case.

G.

Link is safe – it’s an image on pic server.

G.

True.

Also, There are some MT4 brokers that offer Level II data, such as GKFX (I’m not affiliated…) among others, just google

Level II quotes are good for scalping, 1-10 pips – if you know how to use the info.

Market is biased toward the difference between bid/ask volume direction – but that info is very fast.

Basic info on Level II can…[Read more]

True.

Also, There are some MT4 brokers that offer Level II data, such as GKFX (I’m not affiliated…) among others, just google

Level II quotes are good for scalping, 1-10 pips – if you know how to use the info.

Market is biased toward the difference between bid/ask volume direction – but that info is very fast.

G.

Try minimal TrailingStop in order to get some more pips out of each trade.

G.

Jhlewis10,

Yeah! that’s the way to do it !

Although you could enter even 1-2 bars prior.

G.

Jhlewis10,

Yeah! that’s the way to do it !

G.

You can find all this, with pic examples and much text, in the “Killing Zone” @FF.

Although pip VIDEO work is much more vivid.

G.

For ages I’m trying to teach that trading entry should start at converging/diverging point and not on the “cross”…

Finally you explained it perfectly!! entering at “cross” is too late.

The White “Diff” line in the Spaghetti will show you the new direction change immediatly.

BTW: this is also mathematically true for any two MA’s, not just…[Read more]

For ages I’m trying to teach that trading entry should start at converging/diverging point and not on the “cross”…

Finally you explained it perfectly!! entering at “cross” is too late.

BTW: this is also mathematically true for any two MA’s, not just Currency-Strength.

G.

TL follow current pair price – so it’s lagging. While currency strength, combined with volume, precede price movement…

Another rule: DON’T trade large bars (>x2 recent bars). Reason: most pips are already “eaten” and you are late in arriving to the party…

G.

TL follow current pair price – so it’s lagging, while currency strength, combined with volume, precede pice movement…

Another rule: DON’T trade large bars (>x2 recent bars). Reason: most pips are already “eaten” and you are late in arriving to the party…

G.

TL follow current pair price – so it’s lagging, while currency strength, combined with volume, precede pice movement…

G.

I don’t want to show too much info, like when orders are open, pending etc.

Setting this up in myfx is too much extra work and parameters settings for my lazy butt…

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, wh…[Read more]

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…[Read more]