DislikedI think our Trusty 50.0 retrace has started.
But, I think it'll get closer to the DP of around 208.11
50.0 retrace: 209.38 area.
61.8 retrace: 209.00 area.
Short from 210.60 here.Ignored
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DislikedI think our Trusty 50.0 retrace has started.
But, I think it'll get closer to the DP of around 208.11
50.0 retrace: 209.38 area.
61.8 retrace: 209.00 area.
Short from 210.60 here.Ignored
DislikedFirst look at H1 chart, check to be sure where the price is, if it's below or above 1H 5sma, and if 1H QQE5 has already crossed below or above.
If one side already confirmed, meaning, price is below 5sma, and QQE5 is crossed down, then we look over to the 15M chart for a sell entrance. (opposite for buy entrance)Ignored
DislikedHi Nobitacu, nice to see you are testing this out !!!
Actually I look at the 15M chart first, then go to 1H chart for setup confirmation. Essentially you are looking for one thing - that QQE5 on 15M and 1H are crossed in the same direction. If they are the current trend is strong and you should ride trades in that direction.
The strategy was derived because some Aus 15M signals were not allowed because the trigger entry was on the wrong side of pivot, 5sma etc. Twins just provides a framework for those who wish to counter-trend trade also.
Hope this helpsIgnored
DislikedThanks, at least now I know to look at the 15M first. However, I'm still confused just what triggers the trade entrance? Let's say QQE5 on 15M is crossed up, and price is above TFT. We now go and look at H1 and wait for the price to go above the 5 sma and its QQE5 to cross up, and at the point it crosses up or price goes above 5 sma if QQE5 already crossed, we enter the buy? But what if 15M confirmed after H1 confirms first? Why am I making this more confusing then it should be? :SIgnored
DislikedQQE5 on 15M and 1H must be crossed in the same direction.
This can be either:
1. QQE5 15M crossed up and then QQE5 1H crosses up; or
2. QQE5 1H crossed up and then QQE5 15M crosses up.
QQE5 must move together on both time frames (hence the name Twins). All the others things are for safety measures (or filters). Hope this helps.Ignored
DislikedThanks, now everything makes a lot more sense. ^^
So they both have to cross at the same time? If one crosses earlier/later than the other, how long of a time frame could one cross after the first cross for the trade to still be considered valid? (if they cross same direction and all others confirms)Ignored
DislikedThey will never cross at the same time ! They both must move in the same direction. Sorry I can't explain it any better. Does this help?Ignored
Dislikedi've been getting this kind of chart since this morning (i'm in GMT+8).. there was no problem with the chart last nite and the days before.. does anyone have an idea on what's really going on here? seems that the price data from 9/2/08-11/2/08 are suddenly disappear.. btw im using NorthFinance demo.. TQ..Ignored
DislikedI think our Trusty 50.0 retrace has started.
But, I think it'll get closer to the DP of around 208.11
50.0 retrace: 209.38 area.
61.8 retrace: 209.00 area.
Short from 210.60 here.Ignored
DislikedBulls will need to break pass 210.64 to resume moves up - I will update if that happens.
Ignored