FOREX PRO Weekly July 09-13, 2012

[D.R.&Quinch]

do not know about such cross, do not use stoch, most often MACD but especially for head & shoulders

i believe they give similar signals

 

[minimax]

some days i think, find a trade, set stop, then reverse direction of trade and aim for stop as take profit!!!!
those are days when im frustrated!

I noticed you place stops to close, in the middle of nowhere; there is always a fractal which carries the structure and if this one falls, everything goes wrong

 

[D.R.&Quinch]

When you say fractals, do you mean for instance three candles, the two outers with lower closes than the centre one?

 

[minimax]

When you say fractals, do you mean for instance three candles, the two outers with lower closes than the centre one?

5 (five!!!), not 3 ! and Bill Williams says if thre is equal high/low this is not a fractal - this I do not believe yet

 

[D.R.&Quinch]

is that bill williams of Volume Spread Analysis fame, or is he a different author?

why 5 not 3?
i wish it would drop below 1.22 already!

 

[minimax]

Bill Williams - Trading chaos

he has invented some indicators such as aligator, fractals (fractals defined one mathematician long ago but not for financial markets), accelerator oscilator, awesome oscilator, gator....

why 5 - do not know but it is so

 

[D.R.&Quinch]

ok dude i will look for his book and get reading it as soon as
tyvm by the way

 

[minimax]

do not recommend, boring

 

[D.R.&Quinch]

yes but is it informative, what would be a better replacemnt
?

 

[D.R.&Quinch]

im getting some erratic action her, are other markets opening?