2009.05.23 DRAIN THE BANKS - REV 007
Moderator: moderators
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15564
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15564
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15564
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
Looks like the Stopping Volume indicator and the 3 Level ZZ Semafor indicators may be the winning combination for reversals. When they appear on the same bar or adjacent bars, a reversal usually happens.
REV 8 COMING SOON!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
- rowdy
- rank: 150+ posts
- Posts: 157
- Joined: Fri Feb 20, 2009 1:22 pm
- Reputation: 1
- Location: Murfreesboro, Tennessee
- Gender:
TheRumpledOne wrote:
Looks like the Stopping Volume indicator and the 3 Level ZZ Semafor indicators may be the winning combination for reversals. When they appear on the same bar or adjacent bars, a reversal usually happens.
REV 8 COMING SOON!
Funny you should mention that, I noticed this last night.
Of course I am still grappling with how to bail when I get caught in a breakout. If I can find that "cry uncle point" in pips or max entries, I can really drain em.
All I need is Supply and Demand
Strange thing today yellow semafor appeared above both the 1hr and 30min GBP/USD charts but the price kept on going up and up, and 3 hours later it's still steadly going up, so it's been 70 pips to the upside since the indicator signalized entry order and it's not because of suprising economic data.
It was the same tuesday or wednesday on the gbp/USD when it reached bottom with the yellow semafor but the price kept falling.
I've been testing semafors for only a few days now and i find them useful but I prefer to wait for a while for the trend really to reverse. I realise huge banks don't know I have these dots painted on my screen and still the main thing I try to analyze is volume and OHLC but from many other systems and method I must say semafors combined with multiple candle colors seems one of the smarters all just need to remember it's not perfect.
It was the same tuesday or wednesday on the gbp/USD when it reached bottom with the yellow semafor but the price kept falling.
I've been testing semafors for only a few days now and i find them useful but I prefer to wait for a while for the trend really to reverse. I realise huge banks don't know I have these dots painted on my screen and still the main thing I try to analyze is volume and OHLC but from many other systems and method I must say semafors combined with multiple candle colors seems one of the smarters all just need to remember it's not perfect.
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15564
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
That makes sense - yellow 3 appeared from the downside a moment ago on gbp/usd so i thought price will rise higher but just what you say it broke out 50+ pips down.
It confused me because looking at historcal data yellows appeared at the top when the price retraced and vice versa, i will think about it, thanks.
It confused me because looking at historcal data yellows appeared at the top when the price retraced and vice versa, i will think about it, thanks.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.