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I just don't see how you can easily predict currencies into the future with so much world news shaping the direction of the currency, daily, sometimes hourly.. Stocks.. maybe.. look at past performance, last few quarters, projected quarter, etc.. can guess where stock will head.. But...

I am a small timer :> While I will mentally note that currencies have a monthly pivot action, I am looking more about just getting 2-5 pips a day. I just wanted to see if there was any publically available formulas for calculating a congestion band (noted by my attachment) .. to the visual...

Can someone please point out what I'm doing wrong calculating CCI? This is CCI(15) I am trying.. 15 being 15 minutes.. The formula I have is: CCI = (currTP - TPMA) / (.015 * (MD) Where... currTP = (High + Low + Close) / 3 TPMA is the SMA for the past 15 minutes but instead of...

Metastock help? Anyone with Metastock? Can you translate this code into psuedo code? ((HHV(C,80)-LLV(C,80))/LLV(C,80))*100 Consolidation breakout (upside) If(Ref(Fml("congestion index"),-5),<,10, {and} If(Fml("congestion index"),>=,10, {and} If(CLOSE,>,Ref(HHV(C,80),-5), {and}...

Hi Wayne, Thanks for responding. I too have come up with a simliar approach. Using a set # of prior "period" averages to determine a constant value instead of simply saying "anything greater than 5 is a long body". I like ranking it in a top percentile.. great insight. Either way, we...

Has anyone had any experience programming candlesticks into their automated trading strategy? If so, I would love to hear if you have customized-per-ticker a fixed "if abs(open-close) > 5 then longbody=true" style or you have come up with a formula where you do not need to use constant values...

Has anyone come across any publicized formulas to calculate congestion bands? What about support/resistance "zones"? I am not looking to pry into anyone's proprietary trading methodology, but before I start trying to re-invent the wheel, I'd like to know if there are any examples to save...

NA, one more question and I will go back to reading.. why do I never see 1 minute candlestick charts from you? what is wrong with them, compared to 3minute, 5, 15, 30, 60, etc.? Is it simply a volume/time issue? Not enough volume in a minute to generate qualified candlestick patterns...

NA, Regarding the "Dark Inverted Hammer Line" -- I don't see a valid entry point -- If I've read correctly, you suggest after the pattern signal appears, the entry signal should be a "few" points into the shadow (retracement-direction) .. but there was no shadow in this case.. so how do you...

I'm coming at the tail-end of this thread, but starting from the beginning.. so excuse me if I reply to some outdated posts.. also excuse the ignorance.. as I'm fairly new to the game-- NA, I am attaching your screenshot and highlighting what I think could be an inverted bearish hammer...

anyone check out the cable today? holy mackeral, if anyone was able to buy / sell on the first 100pt uptick, and then sell/buy on the 100pt downtick, i'd love to know how you knew it was going to do it! :)

With your 100+ trades .. what is your stop limit typically? What about on scalps?

One thing I have noticed that ticks me off at times is that dailyfx.com is what I use my realtime charts for, is not at the same price level as IB... i guess with tradestation the nice part about it is that it matches IB prices? also, do you have a tradestation account /and/ IB account...

Excuse the ignorance, but why do you need Tradestation as well as Bracket Trader? I read both websites and it seems like both can have rules set up to do your trading? What benefit does tradestation provide that makes it worthwhile to pay a monthly fee to have (versus i know a free website...

This is awesome. Many thanks!

I have seen on some of these charts the ability to see stochastic slows.. would anyone be so kind as to point me in the right direction on a formula for calculating this? I want to incorporate this into a program of mine but I cannot find any clear cut formulas for its calculation....

Book question: Does anyone know of any books that go into detail about market depth / book order details (ie. theory into when you see tons of bid orders on the books and few sell orders, analyzing trends through bid/ask orders on the books, etc) ?

there were some huge options at 104.5 and 105-- my bet is we will see 103 next week easily.

I can't believe there isn't any talk of GBP/USD?? That sucker has gone up over 150 pips for the past two days! Anyone catch that train???

I read this as well.. do you know where the BOJ Account Balance statement will first be released and/or what time?