wizard101

Now this is why this forum is so invaluable for many.....evidently to share great ideas, techniques, ind etc....it is this kind of feedback that makes this all possible with so many others who regularly contribute (guys and gals you know who you are) and I as well as many others are so grateful....

My initial idea in creating this thread was so that others also post their price action momo setups or whatever robust time tested technique one is willing to put out there to help so many as this game is big enough for all.....

Thanking you Ganymed and all the great contributors out there !!

 

Lots of health and prosperity to all !

 

cheers

deservedly too Floridatrader :))

http://www.trading-naked.com/under_over_setup.htm

 

You may also wish to read up on the "under/over" over/under" divergence setup especially used with supp/resist to determine high probability "turn areas" ....You will often see those u/o and o/u setups coming from many of your major pivot lows/highs....

 

cheers !

https://www.sendspace.com/file/65cjxh

 

djplastic sorry about the delay was away from other pc .....here is that stoch%D oscillator for divergence setups.....

Hi djplastic currently away from my study/office and unless someone else beats me to it will gladly repost the Stoch%D indicator which is kinda neat for the under/over & over/under divergences in identifying potential "turn areas".....

 

cheers

nice under/over diverg on that doub bott....also the 1999.50 dt test had an inside or "over/under" diverg off that inside hook......the trained eye will find many high prob setups for some nice "turn areas" ....nice combo with the fibs and the dots.....

sorry about the right margin always seem to have the cut out lol.....http://charts.dacharts.net/2014-08-25/mw-es-daily2.png

 

cheers,

good trading to all !

No disrespect to hijacking Jane's thread, just a possible scneario of why the 2011 tg area imo is also good confluent area as I have 3 fibos coming into play there samsammy with also a possible retest of prior broken support line which lines up around that area..

And again thanking Jane for all her invaluable input !!http://charts.dacharts.net/2014-08-25/mw-es-daily1.png

hmm weird also not able to see the screenshot with the posted junk.xml file mizir ? Any further suggestions welcomed...thanks !

there is no real document mastertrader as the key indicator for the various divergence under/over, over/under patterns is the stoch%D....I just threw the bands in there for targets and they also have the inner channel band which is good to use on your lower high, higher low price setups coming from top or bottom band in the time frame in which you are trading.....the dots originated from a tradestation code I purchased quite some time ago with the bands at a very reasonable price from an old trader that passed away several years ago... He traded agressively band to band using price action and when for example the price got to one side of the bands, he used the dots or what were called x's then as a target....He mainly traded off a 3min/5min chart and say for example price retraced to the blue dots "no red dots above" that signifies that the 21 period rsi is still + above 51 and no shorts to be taken ....the entry was 1 tick above the high that held the blue dots/x's and the tg would be the top inner channel or top band area...so in essence the dots are a kind of hybrid support/resist based off a 21 period rsi above/below 51/49 for trend identification.....Anyhow for simplicity price action hh/hl ll/lh with a preferred ma whether it'd be a 50 ema or 34 ema etc "doesn't matter" will simplify the trend according to "degree of slope" .....the oscillator "u/o, o/u" formations with some price action, supp/resist can add to determining potential "turn areas" ......

The lines were just some fib lines I had drawn in, that's all !

 

cheers

https://anonfiles.com/file/48146a37ceefe59cdfe99e9ab88d2d98

http://charts.dacharts.net/2014-06-29/mw-momentum%20setups-ch6.png

Just copy the indicator files in your bin/custom/indicators and the template in templates/chart

Santoshv2k here are the indicators, you don't really need those rsi x's but have included them as well.

https://www.sendspace.com/file/dfsi1g

the label on the orange line didn't show grrrr.....it is the 78,6% retrace of that whole leg .....I tend to look for corrective setups off deep retracements 78,6-8.6% with ofcourse the applicable stoch patt verifying a "potential inflection point" as ofcourse nothing is certain but they do tend to present with high probability....I had posted many many real time setups in dacharts as many still do using all sorts of technical approaches......

 

cheers

santoshv2k try copying and pasting the link through your browser worked for me.....template indicators are coming just looking for them lol

http://charts.dacharts.net/2014-06-29/mw-momentum%20setups-ch5.png

some resourceful sites :))

www.dacharts.net

http://www.trading-naked.com/under_over_setup.htm

http://www.trading-naked.com/under_over_setup.htm

No problem santoshv2k here is a good resource for a detailed description....It takes a little practice just like anything else to see them in real time but to the trained eye they often provide impending reversals both with the trend " convergences" and also against the trend "regular divergences".....You are basically looking for the flattening out of your faster stoch to kiss off under the slower %D or over the %D with preferably DT/DB ", "Traps" , and also do see them work on single tops/bott but need to be cautious of any significant trend so with the single tops/bott I always look at confluence with some fibo and/or murrey math level, prior demand/supply congestion areas etc.....

http://charts.dacharts.net/2014-06-29/mw-momentum%20setups-ch4.png

http://charts.dacharts.net/2014-06-29/mw-momentum%20setups-ch3.png