RandyCandles - Information - Page 67

tracej · #**661** (**permalink**) 08-16-2007, 07:31 PM

Quote:

Originally Posted by Sundowner

Greetings,

Anyone interested in discussing Goldenequity's addition to the original Randy Candles he presented?

I've been playing with it some, but have made the mistake of trying his template and can't handle that many currency pairs (I only have one screen) with both the RCs and the waterfall/fan template.

What I have seen is impressive and well worth pursuing. If everyone is comfortable with what they're doing, great.

Please post if interested or otherwise, pm me and let's talk about it.

Cheers

I have to admit I wasn't that impressed with the "Waterfalls" to start with, but after reading up on on Dinapoli and putting them on my charts and watching them for a couple nights straight, I must say I understand completely what GE was talking about now.

Pay close attention to the angle of penetration of the SMAs. That is what made it really click for me. Notice what happens when penetration is at 90 degrees vs shallower angles. Just something I have noticed...

tracej · #**662** (**permalink**) 08-16-2007, 08:01 PM

For those of you that like Rads system (which I do to BTW), but who still want to use RC as the main tool, I created this template after reading up on Dinapoli since Randy was using Dinapoli MA's on his RCs. I added the Dinapoli MACD, Detrended Osc, Dinapoli Stochs, and Dinapoli Targets. The Flat Trend bar at the bottom isnt really needed and is just something I added to make it clearer when the MACD trend has ended or is trending.

For whatever reason I found the Dinapoli MA's painted a clearer picture in my head of the line arguments and the Dinapoli tools lined up better with the RC alert candles, etc.

I have attached the indicators and template in a zip file.

Good trading to all.
Trace

Sundowner · #**663** (**permalink**) 08-16-2007, 08:29 PM

Greetings Tracej,

Is this what you're talking about?

The question for me is how to determine the direction of the move and when the consolidation period may end. Randy Candles flip back and forth during periods of consolidation.

Cheers

Raverstyletim · #**664** (**permalink**) 08-16-2007, 10:36 PM

i dont really know about the waterfalls and the dinapoli MA stuff, but that dinapoli stoch is on POINT. i still kinda prefer the t3mas though.

Raverstyletim · #**665** (**permalink**) 08-16-2007, 10:37 PM

who says you can't make money after market close?

summitfx · #**666** (**permalink**) 08-16-2007, 10:39 PM

I say you can anytime- 2 easy money longs from stoch entries!

Vegas · #**667** (**permalink**) 08-16-2007, 10:50 PM

Tracej,

What are the white yellow and red moving horizontal lines on your template and how do you use them.

Thanks,

Quote:

Originally Posted by tracej

For those of you that like Rads system (which I do to BTW), but who still want to use RC as the main tool, I created this template after reading up on Dinapoli since Randy was using Dinapoli MA's on his RCs.............