Quote:
Originally Posted by ValeoFX
I am not deaf to the requests, but what amazes me is the fact that those people NOT trading this method are actually asking for a new Thread.  |
ValeoFX, I am most certainly trading this method,
Neither have you made a fool of yourself. In fact you accurately predicted the fall of the pound, so what is that about?
I have previously said to you privately that I would create a "key" for the more complicated charts because I've studied this thread since beginning of the beginning. See below for H1.
Relating to the below H1 (***I have no idea if these are still used by ValeoFX)
On chart. Green and Red step lines are ENTREX and indicate bounce or consolidation price points where the price may "hug" to these lines. Can be good topside/downside target areas if already in a trade.
The YELLOW HAND (indicates that the RSI2 has crossed the RSI4 on the H1).
The BLUE CAPS indicate an overheating RSI8 (above 69 overbought or below 31 oversold) - corresponds to the BLUE RSI on the offchart window 2.
The RED CAPS indicate an overbought/oversold RSI2 (above 98 or below 2)
The AQUA arrows show RSI8 crossing the 50 line (long/short momentum indication)
The moving averages (self explanatory) -trend direction of long term and short term traders is the way I like to see them - and can act as support/resistance lines - price will bounce.
TROBUYZONE history (blue and purple "stepping" line). Important support/resistance from the H4 and Daily. It looks as though this indicator plots the CLOSING price of the H4 / daily candle previous.
***
Suggestion: Arguably, if it plotted the HIGH/LOW of the day, it could help us significantly I feel...
PIVOT POINTS: Price will bounce at R1, R2, R3; S1, S2, S3 and of course at pivot. MR1, MR2, MS1, MS2 are mid-points between Pivot to R1; R1 to R2; etc etc. and can also be bounce points/support/resistance areas.
The dotted bands are severe overbought/sold areas. Price never hangs around in these when they are expanded. Price can breakout if contracted. Very good overbought/oversold levels in a smoothly trending market.
Magnified market price (speaks for itself)
Time (speaks for itself)
Offchart:
CCI 15/5 - study Woodies CCI document and this thread plus previous XO thread. 165 denotes an overheat. Important signals are zero line reject and zero line cross. Steepness of gradient give momentum strength of direction. "Togetherness" of CCI15 and 5 also is a strong sign of an accurate signal, especially if CC5 (turbo) is "leading" the 15,such as the reject you can see
RSI 8/4/2 - Crosses of 2 over 4 generate signals. It is good to see RSI 8 above or below 50 (long or short mode). Of course, coming down from overbought is a sell signal, up from oversold is a buy signal.
RSI3PER4H. This is the RSI8/4/2 combination from the H4 chart transposed on to the H1. Again, to reference above RSI "signals" or levels. Green above red indicates long mode, green below red indicates short mode from MOST intents/purposes but watch out for severe prolonged overheating.
XO - Red is downtrend, green is uptrend. RED/GREEN indicates a possible directional change.
Hope that helps some as a reference. There is a full detail on the H1 chart both in the pdf collating ValeoFX's posts some time ago (there were two or three updates so get the latest one). The above are just my observations. My understanding is that ValeoFX tends not to trade "against" the H1 chart.
So for example, to have lined up signals for H1 chart you would need to be confident of either being above, or able to break through the moving averages, good CCI read, RSI8 above 50 for long, 2 crossed 4 RSI, XO in agreement or in changing mode from opposite direction, RSI H4in agreement.
Suk
and I have no idea why you feel that way. You are NOT privy to my PMs so I don't understand why you jumped to an ill founded conclusion, my friend. However, I do apologise unconditionally to YOU personally if that is how you feel as there is not much else that I can do to change how you feel about my post.
Hi Yevell
Linear Mode
