For good measure and after the ECB:
It’s shot through R1 (Wilder’s TP) and is almost at R2!!! LOL!!!
I think I’ll take this over to my thread for now (things getting too “hot” here in the kitchen for me!!! LOL!!!).
Once I’ve got something concrete to report I’ll let you know.
CADCHF has the highest volatility on Forex Screener 0.70%,
Disparity on CSW, and is moving up from a 50% Fib retracement
Strong Entry signal on EFS plus cross of ADX
pity I hate CHF
[quote=“Jerome32, post:732, topic:111462”]
even a broken clock
is right twice a day
[/quote] you just don’t know when it’s right! 
Along the same lines… The second mouse gets the cheese…(the first mouse might be the “scout” position we’ve discussed)
My first big win in months, only 40 pips but
100 x my previous position size ( don’t worry,
still loose change )
CSW plus strong EFS
Hopeful regarding GBPCHF, extremely high volatility plus
growing disparity on CSW
EFS and ADX cross would seem to confirm
ADX has not crossed since May 6th
I’m hoping, with high volatility and strong £ it
might be serious for once
and not piddle around for another four months like
my last CHF trade
EURNZD has the highest CSW disparity plus very high volatility
Overall trend has been down but with strong EFS* a viable
retracement at least … hopefully
I’ve closed my 11 cent test trades, testing Trading Views Screener
for trend Strength and Volatility
Ten of them were DD and one around BE
Fairly obvious you need far more confirmation than that
Even if it does piddle around, the interest rate difference will be a nice bonus and long term, it should go up 10%. The question is whether brexit will push it down further first, I guess it depends on whether the EU are going to publicly state there’s no room for negotiation or they’re willing to listen. If they won’t negotiate, I can see a general election and anything could happen in that scenario
Boris is as astute as they come, despite his past quiz
show buffoonery, after the last three years of well intentioned
mediocrity he might just rise to the plate
I’m not sure he really cares too much about the EU, ‘We will fight
them on the beaches’ sort of thing
but I will be very surprised if the UK doesn’t bounce back, they are
a very resilient race. Even Hitler noted in his book that the danger
of war with the British is that they just never give up
but how it pans out is anyone’s guess as you say
Just hit 29K views! largely thanks to the TWB technobabble
controversy. 100 views a week suddenly became 400 views in one day.
If I were to mention TWB can’t spell to save his life, the thread would
probably hit 30K by the weekend. Its tempting
Unfortunately he can spell, so no mileage in that
I wonder how ordinary guys feel. when they quite quickly become
YouTube celebrities with millions of subscribers. I couldn’t cope
with that, even if I had anything intelligent to say
Best Exit known to man!
Its said that Entry is relatively easy, its all really
about exit
Well I think I have found the best Exit known to man,
with thanks to DP for the heads up, if thats the right
idiom
its very simple, no technobabble, just price closing
over 10 EMA, with ADX exhaustion and very
importantly, Stochastic bars must be the right
colour
Entry is cross of ADX, price closing over 10 EMA,
and again, must be confluent with Stochastic colour bar
Only tested on D1, lower time frames you’re on your own
Equally Effective
and thanks to Chester John and Big E for their insights
with this one
Very simple! Price crosses EMA 10 confluent with
either DiNapoli cross of 85/15 or 50
and Exit can be when DiNapoli turns back after crossing 50
as we see illustrated
Big E recommended a similar Exit when using TDI, which I
didn’t like very much … it works much better with DiNapoli
This is a work in progress. I think if you really want to explore
all the possibilities of DiNapoli, you need CTrader, as you seem
very limited on MT4.
I’m not usually fazed by the technobabble, you’ll always get that
on Forex forums, along with cryptic acronyms ( I’m guilty of that )
you simply play around with the indicator until everything falls
into place
In this instance, there is almost nothing to play around with on MT4
so I might open a CTrader account, I prefer the platform, it just
feels like precision quality
There may be a charge of cherry picking trades here, Its not really
possible to say how true that might be. In the first instance, by the
time DiNapoli crossed 50 and price closed over 10, we were moving
sideways into consolidation
but would I have taken the trade in real time? it is obvious consolidation
now, it might not have been obvious at the time
He walked right into that one ) if only the markets were that predictable.
30K views looming
I get why traders do this, I just noticed how bad it looks.
CSW is easily deciphered, but no one is going to find
out what EFS means. Even though I’m not teaching
anyone and have nothing to teach, some periodic
explanation of acronyms might help to make sense
of the post
EFS is the Easy Forex System, freely available online.
Its actually very good
It is??? I don’t know what it stands for???
nor did I until I googled ‘CSW Forex’
but when we dream up acronyms for things that are
not commonly known, or worse, only exist in our imagination,
it can make a thread tedious.
A link to a glossary would be helpful.
If you were serious about CSW you will kick yourself, as I did
I think when I get to 30K views I might recess for Summer
holidays and come back with a new Journal.
30K views and 800 posts, by several notables, gives the
impression the thread is worth taking serious note of.
it really isn’t.
In fact, all the really worthwhile snippets on this thread can
probably be summarized in the first post of my new thread.
If you trawl through the archives on BabyPips, there are
some amazing threads. Just because a thread is current
might mean its getting a lot of attention, but it may hardly
be worth reading
I guess the ‘Likes’ system is a better guide.
If I suddenly become consistently profitable, it would
be worth sticking to the original journal, if its actually
likely to be of any benefit to anyone
I really didn’t know. Had to Google it myself now!!! LOL!!!
This is @Jerome32 chart from a few posts back…
I am using MT4 with the xlv4 ma which looks similar to the ma that you have here and the dinapoli stochastics.
@Trendswithbenefits put me on to those as well. I spun a number of charts back and went forward bar by bar and it is very “true”. The issue I am working on is paitience, trading the daily chart waiting for the trade to come to me and no jump the gun, and codifying my stop-loss rules. I’ll be reviewing the “befuddled” thread for these today.
Just as a side note: I use the ADX extremes, without the +/- lines, to set my M/W/D supply/demand - support/resistance lines and it’s a very interesting to see how these extremes correspond to price and the xlv4 and Dinapoli stochastics.
KC
That is very interesting indeed. I hadn’t noticed that. ADX is one of the most valuable indicators, and worth persisting with
