Obviously you don't watch Battlestar Galactica (best show on tv) or you would know that frackin is correct.
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Auslanco 15min GBP/JPY startegy 630 replies
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DislikedHi M2B,
Would it be possible to see a chart of the 1h and 4h divergence ?Ignored
DislikedI don't use BB in my trading at this time, but you are reading them correctly. However, they should not be used as a stand-alone indicator for a reversal signal, because when a pair is trending, price can continue to run outside of the bands. View it as a heads up that a reversal should be near. Use some of the other indicators you like to use to help you with your entry to let you know when it is definitely time to go short. You might be OK getting in here on just that, but price could range for several more hours, (until 4H Stochastics is OB, for example), or price could shoot up a ways, (perhaps to the 237.40 area where the Daily 100SMA is) before heading back down. Always have more than one reason to enter a trade (a confluence) unless you're just scalping.
M2BIgnored
DislikedI just checked a couple of the platforms I use and MT4 was the same as yours M2b, but the VT one was 238.9, same as 4x4. I use MT4 primarily for S&R levels and VT for the Aus signals so I hadn't noticed. I'm inclined to trust the results of the NF MT4 data more, and looking at price action around the MT4 100sma seems to confirm this. Both are simple, applied to close. What could explain this massive difference?
Checked lower time frames and they seem to align OK so the calculations are the same. The datafeed for VT doesn't start until Dec 2005, much later than MT4, but plenty enough for a daily100SMA. Sometimes VT does display spikes and outliers that might effect these averages. I've lost confidence in the VT MA's on daily TF and above. Should I also be concerned about the accuracy of other VT indicators such as Momentum?Ignored
DislikedI just checked another platform, Streamster from Marketiva and the 100SMA supports the VT 100SMA - around 238.90. What is up with that?Ignored
DislikedLook, empay, we already dealt with this issue earlier. I even reposted the charts on it. MY DAILY 100SMA IS AT 237.40. I AM NOT MISTAKEN. THAT'S WHAT MY CHARTS SAY. We get into this every time something is discussed from the 4H chart on up, because DIFFERENT BROKERS OPEN AND CLOSE THEIR 4H, DAILY, WEEKLY, AND SOMETIMES EVEN MONTHLY CANDLES AT DIFFERENT TIMES. No offense, but please just let it rest.
M2BIgnored
DislikedMY DAILY 100SMA IS AT 237.40. I AM NOT MISTAKEN. THAT'S WHAT MY CHARTS SAY.Ignored
DislikedHakuna, on your broker do you get a mini daily Sunday candle then a daily Monday candle ?? cause on GMT platforms we get a Sunday midget candle every weekIgnored
Dislikedhmmmmm
bro --u might want to chk that out !
DAILY 100sma is at 238.90ish
Daily 200sma is at 237.33
moreover 100sma has benn ABOVE/OVER 200sma and 200ema DAILY since OCT'05
so bro--chk it out--there is no way of such a BIG difference btw brokers--IT CAn throw the analysis OFF !Ignored
DislikedWell, I don't know what's going on with my Daily chart, but I deleted the 100SMA and replotted it and it is now hitting around 238.70 (yellow line). Go figure. But here's the kicker, the 200SMA (green line) is hitting at the same point. Oh well, thank God for technology, eh?
M2BIgnored