Comment by Jim Mathis on February 22, 2013 at 5:21am

do prices confirm lower through the IF purple line to reach the then blue square. Is there enough time? before London? Or do prices shoot back over the tops before golden hour and London. I shorted the failures but treating as scalps unless confirm lower. Either way dont shoot me I am only the piano player.

Comment by Jim Mathis on February 22, 2013 at 5:29am

Of course I will be looking for any bounce of previous highs on those pairs anyway I will just be grabbin n going for a bit. Will not make the london session. I hope you all have a great trading day, trade safe and rack up some large runs. Have a great weekend.

Jim

Comment by Jim Mathis on February 22, 2013 at 5:39am

the mixed bag atm

cheers

Comment by Surjya Gogoi on February 22, 2013 at 5:55am

Hi Jim,

You have got around 8-9 indicators on your charts. Does it help with that much?

Regards,

Surjya

Comment by Jim Mathis on February 22, 2013 at 6:13am

what helps me Surjya is Fibonacci and top down analysis. geometry, trendlines etc. I have those 30 min charts help me overview macd rsi pivot points, parabolic psar is very helpfu,l as well as lin regression lines  the fosc I just started using on other charts the dm is a momentum indicator works well on 30 min. I find it useful for my posts as many can find an indicator they use on time based charts. I also refer to them. I primarily use 8 range bar charts as my primary as well as a 8 min chart.

Gives more info than this one I guess.

Comment by Jim Mathis on February 22, 2013 at 6:16am

I also like a 1 min chart with brooky psars and bollinger bands for entries and exits

Comment by Surjya Gogoi on February 22, 2013 at 6:44am

The indicators that I use are the Bollinger bands, sma, RSI and MACD Histogram. Then I also put fibonnaci lines and S&R lines. I usually use the 1 min chart for entry and check out the 15 min and above charts also. Will check out some of the other indicators that you have mentioned. Trying to gain as much experience as possible. 

Comment by Jim Mathis on February 22, 2013 at 6:49am

Surjya, I hope that answered your question. I see from one of your recent charts that you like bolinger bands pivot points rsi, macd and multiple sma's I suppose because you find them useful.

You might find this humorous, One of my favorites I use often. I have no idea what it does or the uses I love it because it has a giant number on it that I can see from a long way when I am multi tasking around the house. That will be it for me.

Have a great weekend

Comment by Jim Mathis on February 22, 2013 at 6:59am

Cheers Surjya as long as you keep learning stay a student you will do well. I consider myself a student of this as well. What it boils down to is what makes you comfortable when making a trade? Do you understand what the indicators you use do? Do you know that most are lagging indicators? 

Many books available for study. I will be going now but if I can help in any way, mostly by directing you to reference materials, due to my limited experience, please do not hesitate to ask.

I wish you well

Comment by Surjya Gogoi on February 22, 2013 at 7:31am

Thanks Jim for your help,

I use the bollinger bands as they tend to give a range and may show where a price may reverse, sma's shows whether price is above or below average, fibonacci shows S&R areas, RSI shows me overbrought-oversold conditions and divergences, macd histogram kind of shows me the momentum (if I am not wrong). The indicators I have seen are lagging although I haven't check the ones that you have mentioned in above. Besides that candlesticks are always there. I have read quite a few books but the problem is keeping all the knowledge in mind.

If you could refer a book on fibonacci & candlesticks. There are simply so many different types of candlesticks that I simply cannot figure out how people keep them in mind.

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