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LinkBack (42) | Thread Tools | Display Modes |
09-12-2007, 07:32 AM
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Today's trade
Hi,
For today trade I shall be focusing mainly on the Cable, EUR and scalp a bit of CHF. GBP - Since yesterday the price has move above the fib 61.8%. The ADX is now below 35 level. However, the Stochastic is still on it way form a trend. I will wait for more tell tales sign. EUR - Stochastic is a bit too high to go further uptrend but the ADX is below 35. But the weekly uptrend is strong. Shall wait and see. CHF - The trend is still very uncertain due to the reason I suspect yesterday. I will only sclp this pair for small profit. CAD - The ADX has just gone down meaning that this pair is under price correction. Not worth trying for intraday I think. AUD - Look like a strong continue uptrend. Loking for good opportunity to enter a good position.      
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09-20-2007, 05:20 AM
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why I attached your ADX,but it's not the same one as your picture?can you give me the one you using?thanks.
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09-20-2007, 05:56 AM
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Different ADX???
Quote:
The ADX I have attached to the forum are the actaul one i am using, I will not post something different from what I use, believe me please. I think sometimes the data from different source might affect as well. But to confirm this issue let me double check it out in the weekend because I am quite busy these few days. Enjoy trading and thanks for reading my thread.
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09-22-2007, 04:42 PM
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New indicator
Hi,
I have decided to keep this post (66) as an update for any new indicators or improvment to the woodies cci. On the other hand, if you have any new discoveries please let me know so that I could post them up and update them. Thanks. WcciPatterns_v2Alert[1] - The origninal of this indicators comes without any alert. So I would like to thanks Robert (MrPip) for his kindness to help me with this indicator. This indicator is very useful and works in conjunction with WCCI indicators. I have changed / modified this indicators myself to suit my trading style. But I think it is still very important to place the original one over here (in respect to Robert). CZI and SideWinder - This program comes without any code, if you need the code you need to write in for request. Without the code it is impossible to program EAto do auto trade on MT4. But if you have the code please let me know. Thanks DailyWoodPivot.mq4 - I have programmed the woodies pivots point myself, due to my lousy software skills there could be bugs not fixed yet. So if you find anything wrong please highlight to me. I find look into it and fix if I know how. This indicator is a replacment over the previous one WPivotP.mq4, the improvment on this indicator is that it provide past history data of Woodie PP. You may need these data for your backtesting! I shall do further research on this interesting indicator and hope that it would contribute / improve my trading performance as a whole. Note: Due to the lack of spacing to attach more files i have made post 67 to be part of my woodies indicators collection post as well. Therefore, good trading everybody. visit my Blog: Sheker - Traders Helping Traders I will try my best to update the daily performance of my system! Wait for my annoucement Last edited by yyc196; 11-14-2007 at 04:54 AM.
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09-24-2007, 05:52 AM
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EUR Dollar
Hi All,
This post has been modified to extend the update and posting of woodies cci indicators. In this post i have introduce the following indicators: 1) BH_Ergodic - This indicator act as a filter to further confirm the expectancy of CCI patterns especially the ZLR pattern. I take this opportunity to thank Lava for his contribution of this indicator. 2) Candle Time - If you notice the standard WCCI panel from the PFG Best Direct Protrader platform, there is a time monitoring indicator to inform the trader the time left in the current bar. I have found one similar indicator in this forum and have it posted here to made up a more complete set of system for WCCI trading method.  3) FX Sniper's MA - This is just another ema that will change colour based on the up and down trnd of the line. This will help you to identify the trend direction of the 34ema. I have made some minor modification on this indicator, the green is up and red is down. Setting should change to 34. 4) CCI_Diff - This is an useful indicator that can calculate the CCI different of the current and previous bar. You can use it for ZLR pattern. 5) DailyWoodyPivotPoint: Hi George, pls check and see if this is OK for you. I hope you would made profit with all the sharing I had in this thread and don't forget to made some contribution to the charity if you got success. Good trading to all!  visit my Blog: Sheker - Traders Helping Traders I will try my best to update the daily performance of my system! Wait for my annoucement Last edited by yyc196; 11-20-2007 at 03:33 AM.
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09-24-2007, 06:03 AM
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Chf
Hi,
I have another interestig chart on CHF, in the last few posts I mentioned the strong support line (refer to the chart below) that are very sensitive. If you refer to the last week bar again we see an interesting testing of this support line. Unless there is a clear breakout below the support line (a full weekly bar) it is very hard for me to tell whether it will continue to go further down. Looking at the RSI (14) the oversold on weekly did not hit oversold level but hit the oversold on daily so trader might want to take further look on this pair within this two week. If this pair continue to move downtrend then the closing wedge pattern will be broken and a strong downtrend will follow.  Last edited by yyc196; 09-24-2007 at 06:06 AM.
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09-26-2007, 06:18 AM
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Trade today
Hi,
Based on my chart 1) EUR - ADX is on settling down at 1H, so I see that the first half of the london session shall be rather choppy. Looking also at the 1D chat the RSI (14) continue to stay up high above 70 indicating a strong uptrend but strong overbought condition. So sign of retracement at the moment even when the RSI shows overbought at weekly chart. 2) Swissy - the ADX exhibit the siilar condition as the EUR, where I could see a choppy market at the first half of the london session. However, the RSI (14) on the weekly chart still shows some sign of possible downtrend before retracement takes place. 3) JPY - The daily chart of JPY has an interesting closing wedge, I wonder where it wanted to go now. The RSI (14) shows some neutral sign on buying and selling power. Look forward for a clearer direction on short term trade. Regards
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10-01-2007, 06:29 AM
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Cable and the EUR
Hi All,
I have attached Three charts on this post here 1) Cable: 1hourly 2) Cable: weelky 3) Eur: Weekly Cable: Based on last performance, the cable contiue to go strong uptrend. The currently situation is so strong that I did not see any sign of downtrend at the moment. Looking at the weekly chart we see the RSI (14) continue to move up and still staying healthy below the overbought line. However, ig you noticed the cable did not act much during the beginning of last week. Price movment only starts on Friday. So there could be a continue high uptrend today. and after that the market will make some correction. Also, look at the ADX, it is moving downtrend. This suggest that the price might need a short perioed of correction before it goes further. All in all, I see a uptrend for the first haof of the week. Who knows? But let us see  .EUR: The trend last week is similar to Cable, but loo at the RSI (14) in the weekly chart. The the RSI are in the dangerous position though the market continuous uptrend. Trader must be cautious if they wanted to take short term trade n this pair. Intraday maybe. But I am not suprise if EUR will continue to go north ealry this week! Other pair: CAD: is also on the high side in term of weekly RSI (14). CHF: I see a breakthrough of weekly chart in south direction. The market looks very bearish now! JPY: Based on the daily chart this pair continue to form a closing wedge, so don't go for it at the moment, a breakout may ocurr any time!!!  . Go for scalping will be OK.All the best for trading folks!
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