Gracias Gus, Feliz Año Nuevo desde España tambien a todos !

Thanks Ramdas for sharing your knowledge and your willing to improve the knowledge of the others !

Let me know what you think of such a presentation of your Setup, looking at the USD/YEN it would seem to me we could have a rebound at the 118.90 level and then go for the 118.55

Attached Images

ramdas_setup_JPY.GIF (48.5 KB, 438 views)

Hi cbueno,

Your setup is perfect, it is sma50 on different time frame.
if you look at my post 58 where is have explain what the setup is. it is same as what chart you have posted. In my initial stage i was using same setup as you have posted.
Question comes in mind why i have shifted to setup which i have posted in Post 1.What are the reasons ?

Reasons are..If you look at 5 different time frame 5 chart's , it covers whole screen, and it apeares as 5 different pictures of price. on my setup i have combine 5 different Cut pictures in to one, so that we can see one picture, Price which was apearing choppy.... start apearing very logical on lower time frame. price remain same, I have change vision to look at it.
And with this setup i am looking at price map ahead as a single picture.

Another most important Reason is. we have to look at other currency pair also. since movement of one currency pair affect movement of another pair. so we have to keep watch on another pair also to understand picture as a whole.

In post 24 i have shown screen shoot of my setup, which consist of six pairs.

"So things are there....we need to change over vision to look at it"


Best Regards
Ramdas

Interesting stuff.

Could you elaborate a little more about profit taking and SL placement?

Happy New Year to all!

Hello Friends,

Wish you Happy New Year 2007...

Best Regards,
Ramdas

Try to put this indicator Ramdas .....really helps...

Attached Files

^Dyn_AllLevels.mq4 (6.1 KB, 155 views)

Greetings Ramdas,

I have reviewed the thread but have not found an answer to this:
(if I missed it .....please forgive my asking!)

There are several settings in the MT4 Moving Average Indicator,
(namely: Period/Shift/Apply to:_______)
you've identified that you are using Simple and the different Period settings you are using,

1. what shift setting do you use?
2. Are you applying it to Close?

Perhaps you can post your template?
Thank you ahead!

Kind regards!
Goldenequity

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Hello Goldenequity,

I am using Simple moving average, apply to close, 0 shift.

I have attached My Template, and Daily & 4Hr pivote indicator.
Along with Screen shoot of my setup.
Zip file. Unzip and move files to respective folders.


Best Regards
Ramdas

Attached Files

My setup.rar (74.3 KB, 328 views)

Hello Everyone,

GBP/USD Chart example..understanding Big move spot.
I have attached GBP/USD chart,
In this picture there are two chart , Top is before fact, and bottom is after fact. it is interesting how it looks before fact and how it looks after fact. Only clue available was before fact is price movement around SMA2400 which is strong SMA.
I have mention comment's on chart itself, Pl refer chart.

It is very easy to explain movement after fact But most difficult to understand it before fact....."After fact study"... only show's us whether price has followed system or not.

Best Regards
Ramdas

Attached Images

gbp usd sma2400 trend rev.gif (54.7 KB, 458 views)

Thanks for the .zip Ramdas that clears the settings issue for me.

I know hind sight (like you say!) is everything.....but practically speaking, how "often" are you getting in or out of the market using this strategy.
Several times a day? Once a day?

I can see on your posted charts what you would consider to be "the perfect storm", a convergence of SMA's on multiple time frames ...all saying the same thing, but that obviously doesn't happen on a daily basis.

I just wanted to get a feel on how frequently (in your experience across the months) this strategy is generating an entry opportunity?

Thanks

__________________
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Hello goldenequity,

If you check chart, you will know how many oportunity market gives.
In and out depend upon which time frame you are using. obivasly 1min will generate more oprtunity with less pips per trade. on daily basis, and 1Hr will generate less oportunity with more pips per trade. 1Hr may not generate oportunity for two day's while market is in consolidation but during same period 1Min or 5min will generate more oportunity.

At same time we can not ignore fact as market is also news driven, and important new's change market setiment. But what i observe is during news event's also , price movement follow SMA resistance / support,

Also it is important to understand that. if i want 100pips.... i should not expect market to give me 100pips..Since I WANT. it is better to understand what market is capable of giving...marke may give me more than i expect.

Best Regards
Ramdas