Two moving averages and the macd

This is a discussion on Two moving averages and the macd within the General Trading Chat forums, part of the Reception category; Originally Posted by EnlightenedJoe That's quite interesting. Would you be willing to explain where and how we can find the ...

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Old Oct 15, 2017, 8:17pm   #16
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Originally Posted by EnlightenedJoe View Post
That's quite interesting. Would you be willing to explain where and how we can find the trapped traders ?

According to our sherlock holmes wannabe who is called darkie, there are some trapped short traders in DAX at the red line locations. Would you agree with this assessment and would you recommend trading against them ? I am thinking of trading against them myself, but my gut tells me that's the wrong thing to do. Also data on bund suggest a reversal in DAX. I have gone through your posts and believe you are knowledgeable on bund. So I am curious of you views on both bund and DAX.

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Just had a quick look at the bund as was long on Friday. Look at the 5 min chart and look at about 3.10.and 3.35pm. Price tried to move lower and it couldn't. People were selling.and when it didn't.move lower? Trapped traders. I was helped as I use cumulative delta which showed lots of traders selling at.market price so I had this extra info. You need to have volume info-futures has this. Spot fx doesn't.
Look up cumulative delta. Heavy selling and price is at support and doesn't move lower. What does that tell you. I've just handed you the keys to the mint
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Old Oct 15, 2017, 8:25pm   #17
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Originally Posted by bootsyjam View Post
Just had a quick look at the bund as was long on Friday. Look at the 5 min chart and look at about 3.10.and 3.35pm. Price tried to move lower and it couldn't. People were selling.and when it didn't.move lower? Trapped traders. I was helped as I use cumulative delta which showed lots of traders selling at.market price so I had this extra info. You need to have volume info-futures has this. Spot fx doesn't.
Look up cumulative delta. Heavy selling and price is at support and doesn't move lower. What does that tell you. I've just handed you the keys to the mint
Let's not be too fast with mint keys. I implied in my post I was inside the mint already.

Do you suppose bund will have an impact on DAX ?

I trade no limits. So days, weeks, months, years, are all OK.

Suppose there are confirmed shorts in DAX at those locations, should I trade against them ?
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Old Oct 15, 2017, 9:03pm   #18
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CNN is reporting "Austria lurches right". I imagine that would be good enough BS to collapse DAX on open.
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Old Oct 15, 2017, 9:09pm   #19
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Well bund and dax are sometimes correlated, sometimes not. I have no idea what will happen tomorrow, I would guess that bund might push higher after the Austrian result but I don't really know. I tend to wait to see what price and volume tell me.
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Old Oct 15, 2017, 9:30pm   #20
 
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live from inside the mint

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Last edited by darktone; Oct 15, 2017 at 9:37pm.
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Old Oct 15, 2017, 9:43pm   #21
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Originally Posted by bootsyjam View Post
Well bund and dax are sometimes correlated, sometimes not. I have no idea what will happen tomorrow, I would guess that bund might push higher after the Austrian result but I don't really know. I tend to wait to see what price and volume tell me.
Fair enough. I didn't know the horizon for your analysis. Looks to be intra-day.
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Old Oct 15, 2017, 10:12pm   #22
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When using the macd indicator what is the best time frame in terms of using two moving averages on the chart above macd i.e. 6,21, or 50, 100 and so forth?

Whatever moving average time frame you use, should the macd always be kept in the default settings?
Why do you need two Mommas and the MAC daddy?
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Old Oct 15, 2017, 10:28pm   #23
 
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live from inside the mint
I'm Lovin' the barnett looks like he's got an ársehole in the back of his head! (as well as the front)
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Old Oct 15, 2017, 10:43pm   #24
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Fair enough. I didn't know the horizon for your analysis. Looks to be intra-day.
Yes it is intraday. You can use the same ideas with liquidity pools just past major highs and lows on all assets if you look at a monthly,weekly and daily chart. Monthly and weekly levels only for major highs and lows.
Then drill down to a daily chart. Then an hourly chart once the major high/low has been pierced and the liquidity has been tapped. Wait for a failed 1-2-3 to show trapped traders. Then hang on.

Look at a monthly and weekly gold chart. I was tracking this recently but don't trade it, was watching out of idle interest.Price breached a major high and bam. Like clockwork. Main issue is having the deep pockets as stops have to be wider than intra day trading.
Look at a legal and general chart (uk stock) in the same manner. Price has already done the monthly liquidity trap. Bam. Of course it doesn't work 100% of the time. Nothing does. But you have your trading future using this principle. But you have to wait for a failed 1-2-3 (a cross/recross) to show that there are trapped traders. 30 min/1hoir for really exact entries. 4 hour chart for more confirmation. All you'll ever need.

Prorealtime has a free end of day chart package which is excellent. Have monthly/weekly/daily charts up. Cycle through major markets. Awesome stuff
Trying to remember a current set up but tell.tell you what. You tell me.
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Old Oct 15, 2017, 11:07pm   #25
 
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I'm Lovin' the barnett looks like he's got an ársehole in the back of his head! (as well as the front)
Will give Piers something to aim for
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Old Oct 15, 2017, 11:09pm   #26
 
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Old Oct 16, 2017, 12:04am   #27
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Originally Posted by bootsyjam View Post
Yes it is intraday. You can use the same ideas with liquidity pools just past major highs and lows on all assets if you look at a monthly,weekly and daily chart. Monthly and weekly levels only for major highs and lows.
Then drill down to a daily chart. Then an hourly chart once the major high/low has been pierced and the liquidity has been tapped. Wait for a failed 1-2-3 to show trapped traders. Then hang on.

Look at a monthly and weekly gold chart. I was tracking this recently but don't trade it, was watching out of idle interest.Price breached a major high and bam. Like clockwork. Main issue is having the deep pockets as stops have to be wider than intra day trading.
Look at a legal and general chart (uk stock) in the same manner. Price has already done the monthly liquidity trap. Bam. Of course it doesn't work 100% of the time. Nothing does. But you have your trading future using this principle. But you have to wait for a failed 1-2-3 (a cross/recross) to show that there are trapped traders. 30 min/1hoir for really exact entries. 4 hour chart for more confirmation. All you'll ever need.

Prorealtime has a free end of day chart package which is excellent. Have monthly/weekly/daily charts up. Cycle through major markets. Awesome stuff
Trying to remember a current set up but tell.tell you what. You tell me.
I use MT4 and nothing else. I don't even have a reliable news source. So intra-day won't work for me as my primary approach. I don't do stocks either. Those markets are too small and too easily manipulated. FX is good even at bucketshops that use their own synthetic prices. When too far out of whack, their prices will be arbitraged back to the interbank rates.

There's nothing for me to tell. You have seen my chart, I have nothing on it. I do my best to buy low sell high. If that fails temporarily, I wait and get paid yields while I wait. Since I am diversified, I usually have something else that's working.
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Old Oct 16, 2017, 12:04pm   #28
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I use MT4 and nothing else. I don't even have a reliable news source. So intra-day won't work for me as my primary approach. I don't do stocks either. Those markets are too small and too easily manipulated. FX is good even at bucketshops that use their own synthetic prices. When too far out of whack, their prices will be arbitraged back to the interbank rates.

There's nothing for me to tell. You have seen my chart, I have nothing on it. I do my best to buy low sell high. If that fails temporarily, I wait and get paid yields while I wait. Since I am diversified, I usually have something else that's working.
Ok, so volume (or lack of it) which is responsible for moving price up and down is not something you look at. Fair enough. Yield investing is an excellent long term approach. Good luck to you and nice chatting with you.
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Old Oct 16, 2017, 1:08pm   #29
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Ok, so volume (or lack of it) which is responsible for moving price up and down is not something you look at. Fair enough. Yield investing is an excellent long term approach. Good luck to you and nice chatting with you.
I look at proprietary analysis. Data available to me is very limited. So doing intra-day is generally impractical for me. If push comes to shove, I guess I could do some if forced.

But I do find your stuff interesting. Do you care to explain/demonstrate ? Or, is your purpose simply to point beginners to the general correct direction, rather than to elaborate ?
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Old Oct 16, 2017, 4:37pm   #30
 
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yo Joe giving ya a shout out.
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