Mp -- Some Of My Non-secret Secrets

[mp6140]

im turning my hut upside down looking for some “wisdom” ---- give me a day or two cause i may have to order out for it !

mp

[B]
IF ANYONES HAVING PROBLEMS PUTTING THE MA’s IN WITH THE MACD, PLEASE CONTACT ME VIA YAHOO MESSENGER AS MP6140 !

I MAY BE ABLE TO HELP ![/B]

Yes, this seems redundant. Please shine wisdom down upon us.

[Pukey]

the 12 and 50 are used in the indicator, but if you watch the indicator over a period of time, its WAY MORE than a ma x-over indicator

you watch for the DIVERGENCE more than the xovers (of course you can use the xovers also, although my trades come from the ema2 and the sma5, which is what STARTS my trade — then if i get more xovers, i continue the length of the trade.

but DIVERGENCE from the PRICE as we approach resistance is what im looking for because then i know if we continue past resistance or if we reverse off of resistance !

SO what im really using this little indicator for is to PREDICT what is coming up down the road and around that curve, and its rather amazing as to how well it does it — while one could probably just watch the MACD with all the colors and the “oh my, watch out here” point, its extremely GRAPHIC in its manner of showing whats happening !

[B]please remember my SYSTEM is to have NO system ![/B]

[B]i simply look for decent trades on any timeframe,[/B] and divergence tells me more about whats GOING to happen than an xover like the 12/50 which is a VERY SLOW indicator and would get me into and out of trades up to 3 candles LATE !

build the indicator and WATCH it for a bit — youll see what it does pretty quickly !

mp

OK, I think the fog may be clearing, just one more question. The arrow in your pic seems to be pointing to convergance. Can you give us an example of divergance so we might see what happens to price then?

If that pic IS divergance, then it seems that it only the green line which must be one of the faster MAs. But this IS a 15 minute chart so maybe I’m just stupid.:o

[mp6140]

for some who wonder about the timed reversals i speak of, please note what happened to EURUSD around the 10 am reversal period (which is why one plays the nyse open for ONLY 1/2 hour)

watch for the others also !

mp

[mp6140]

give me a bit of time for trading pukey, and ill get to the whole thing.

a point to watch is the aqua MACD signal line as it approaches the 50 EMA –
i often sell as the two touch and then wait to see if there will be a break out above.

now “angle of attack” and the indicators may give me a clue before that happens, BUT so often the macd signal line HITS and then REVERSES off the 50, that it becomes a very nice thing to watch, and works on ALL TIMEFRAMES !

watch it and like a beautiful woman doing a slow strip before you, ALL things will be revealed in time !

LOL – sorry sweetpip

mp

OK, I think the fog may be clearing, just one more question. The arrow in your pic seems to be pointing to convergance. Can you give us an example of divergance so we might see what happens to price then?

If that pic IS divergance, then it seems that it only the green line which must be one of the faster MAs. But this IS a 15 minute chart so maybe I’m just stupid.:o

[Pukey]

give me a bit of time for trading pukey, and ill get to the whole thing.

a point to watch is the aqua MACD signal line as it approaches the 50 EMA –
i often sell as the two touch and then wait to see if there will be a break out above.

now “angle of attack” and the indicators may give me a clue before that happens, BUT so often the macd signal line HITS and then REVERSES off the 50, that it becomes a very nice thing to watch, and works on ALL TIMEFRAMES !

watch it and like a beautiful woman doing a slow strip before you, ALL things will be revealed in time !

LOL – sorry sweetpip

mp

I’m with you so far. Go make $$. I’ll wait here.

[sandpipper]

for some who wonder about the timed reversals i speak of, please note what happened to EURUSD around the 10 am reversal period (which is why one plays the nyse open for ONLY 1/2 hour)

watch for the others also !

mp

Thanks for that! Quite the reversal indeed. I’m going to have to get a big clock to stare at me and get good at adding 5 to what I see as I can’t get my mt4 platform to read to me EST.

I have been away and will try to get caught up with this thread later tonight.

[Pukey]

once you have the indicator set up, open each indicator and set “apply to” as CLOSE, and the moving averages will all go to where they should

mp

One more thing when you have time. With the MAs set to “close” I notice an oddity. If I scroll back my charts by holding down my left mouse button (instead of using the wheel) I see the MAs and the MACD adjusting themselves differently and crossing over eachother at dramatically different points. Wouldn’t then the crossover point with the signal line be directly affected by zoom and how many candles fit on the chart at that moment? Of course this wouldn’t affect the crossovers of the MAs themselves, but they seem to be the same when they are overlaying the candles. It seems to make more sense to my simple little brain to leave the MA’s set to “previous indicator’s data”. I’m sorry if my stupid is showing again.

[husky_1]

Maybe a breakthrough, maybe luck, but I finally saw the 45 minute reversals…noticed on multiple pairs…Probably because I had the m1’s open…

After the brutality that my gnomes caused me this morn, it was nice to have some sort of breakthrough, even if its only temporary

[mp6140]

breakthroughs must be handled with care and often a lot of aspirin.

hopefully, unlike forex where a breakout is followed by a downside move, you shall not have a breakdown also.

we would miss you !

awwwwwwww

mp

[OneTexan]

Thanks Yoda…you indeed are the complete package- with all frills and thrills rolled in one. Not only you are converse in the games of the tech analysis, you are well adept at nitty grittys of the MT4 tool-needless to say your are a good company for the McGivers…

enough praise heaped on you for the day

take the moving averages from the NAVIGATOR window, under INDICATORS.

[B]DO NOT TAKE THEM FROM THE TOOLBAR ![/B]

drag them to the window with the macd and then set the parameters to “apply to first indicators values” or whatever it says like that

do that with each and when its all done, go back over each ma parameters and change from “apply to first indicators values” to CLOSE.

then SAVE THE TEMPLATE AS SOMETHING, or you lose everything

mp

[mp6140]

the mcgivers are bobbing their heads up and down in agreement with you, so thnx !

if anyone wants to take a look at my little macd thingie on a chart of eurusd/15 minute — notice how the stoch is heading up, but the divergence is heading down ?

wanna watch and see ?

mp

[sandpipper]

@mp6140

the mcgivers are bobbing their heads up and down in agreement with you, so thnx !

if anyone wants to take a look at my little macd thingie on a chart of eurusd/15 minute — notice how the stoch is heading up, but the divergence is heading down ?

wanna watch and see ?

mp

Watching the little boogers!

<Next Day edit>

For those of you coming later and reading through this thread here is a pic of the setup that gets discussed in the next page or 2! I put in the time that MP Posted his previous comment.

Also included the m5 and m30 of the same time period as attachments.

MACD Red Dotted Line

Stoch White and Purple dotted lines

[OneTexan]

This is a nice lil thingie. Do you usually catch the trend reversals using this? I can see myself using this more frequently now (after ofcourse I dissect the meaning in it)?

Thanks for sharing!

1tex

dont look like much and isnt really, but its a really super little thing once you see it in action.

it shows . . . . . . well - - - - - - divergence.

and what divergence usually shows is that once resistance is hit, will the price plummet or drop a little and then continue in its normal direction.

the place to watch is whether or not the MACD signal line (RED) breaks the 50 EMA (WHITE) or whether it reaches it and then changes direction — this is the ALL IMPORTANT part as the 50 is your real friend here. If the 50ema is broken, youve got one heck of a good trade coming.

the SMALLER ma’s can also be used to enter trades of shorter duration — watch the movement on your chosen currency and youll understand like no words can ever explain — its purely VISUAL and when combined with the few indicators i use (stoch, accum/dist, CC1) and of course the LRC you really get to know where your currency IS, and when you know where it is and what direction its heading in, the support and resistance thingies come into play !

with whichever cross youre interested in, the short term 2 and 5 or the intermediate 2,5 and 12 or the 50ema break for the LONGER timeframes, youve got a trend direction change and you can take the trade with no fear — just be aware (i usually get out of the trade) of when the MACD signal line is approaching the 50EMA because, unless your indicators are screaming in your ear to “hang in there”, you can get a reversal at the 50ema !

i sit on the sidelines after having taken profit and WAIT to see if there is a breakout, which i then re-enter (or you can have a buy stop waiting there) and hold for what will be a longer run of many pips !

ive enclosed it for downloading, and will go thru it sunday

the ma 2 is “exponential” and the ma 5 is a “simple” — the rest are all exponential and ALL OF THEM are based on “close”

except in the rarest of high momentum whippy trades, the dang thing brings on so much confidence that you should soon be loving it !

mp

[sandpipper]

So do you wanna make any secrets known as to how you played that nice little reversal. Due to being distracted (accidentally went long on the wrong pair and after using every shred of analysis I could muster I decided to let it bounce of the lrc which, like a boomerang it came back to me for 19 pips…yay for the demo though) and slow I got in at 1.3161 and took 10 piparooskis @1.3171.

Where would’ve been your entry and why and same question for exit?

[OneTexan]

So do you wanna make any secrets known as to how you played that nice little reversal. Due to being distracted and slow I got in at 1.3161 and took 10 piparooskis @1.3171.

Where would’ve been your entry and why and same question for exit?

Are ya talking of the divergence MP just talked about? I guess he wanted to short that trade??

Anyways I shorted as well as went long…

got out of both at 1.31490 and 1.31690 respectively-a neat 20 pippies

1t

[sandpipper]

Are ya talking of the divergence MP just talked about?

Yes Sir!

Anyways I shorted as well as went long…

got out of both at 1.31490 and 1.31690 respectively-a neat 20 pippies

Wow I’m not there yet…even when i’m not chasing mistakes on other pairs. Good Job.

1t

What made you short it? When I finally saw the reversal the bulls were running wild and I never could’ve shorted it.

[sandpipper]

Ok finally got all my indicators set up in one window and what a mess.:eek::eek: I’m going to have to put little pieces of paper all over my monitors just to remember what is what for while.

<On a side note>

Yes!!! i made it to Junior member…it just goes to show how little that little tag really means.

[OneTexan]

Ok finally got all my indicators set up one window and what a mess.:eek::eek: I’m going to have to put little pieces of paper all over my monitors just to remember what is what for while.

Lol! Dont do that I think there is a way by which you can get the description of the indicators on your screen!

[OneTexan]

Also, guys, the thing to watch is the angle of approach-MP is very visual while I am very mathematical. And mark my words that these angles, whether be between MAs approaching or the Regressions lines cutting into MAs need to be observed. They hold a major keys to bringing home good pippies

give me a bit of time for trading pukey, and ill get to the whole thing.

a point to watch is the aqua MACD signal line as it approaches the 50 EMA –
i often sell as the two touch and then wait to see if there will be a break out above.

now “angle of attack” and the indicators may give me a clue before that happens, BUT so often the macd signal line HITS and then REVERSES off the 50, that it becomes a very nice thing to watch, and works on ALL TIMEFRAMES !

watch it and like a beautiful woman doing a slow strip before you, ALL things will be revealed in time !

LOL – sorry sweetpip

mp

[OneTexan]

Yes!!! i made it to Junior member…it just goes to show how little that little tag really means.

when I was not a junior member, infact when I was not even a newbie I use to lose a lot-In fact I blew 3 5K demos in 3 months-and then Babypips happened.

I have been a northface ever since then so congrats and stay put 'ere…