[feb2865]

Hello

I am going to show you guys a very simple way to look at the markets, somehow outside of the box. As I mentioned in another thread, this is not a system, not mine or anyone else’s. Some people get into this idea that they have invented this or that. Don’t get fooled by that predicament. Nobody owns anything on this business. That’s why I don’t sell anything. Experience traders/investors, takes bits of ideas, from here and there and adapts them to their own style.

Here’s another disclaimer: You have probably see this fine print in some brokers, vendor, etc about “there’s a possibility of losing in forex/futures/stocks etc. “

Well, I assure you…I guarantee you that…you will lose in this business. It’s not a “possibility” it’s a “reality”

Yes it sounds a lil’ harsh but it’s about time for people to stop curvin’ fittin’ and start facing the truth. Deal with your loses. Stop avoiding them. Losing is an inhered part of this business. Nothing works all the time therefore my irony about “systems” .

But there’s good news…yeah you think I am going to let you hanging lose just like that??

Risk control…yeah baby……We will talk about it. Later on

I am going to use 5 minutes charts.. yes ..small time frame for forex as some good friends asked me some time ago.

First, we need to take it very simple.

Everybody and their dogs are talking about the trend ..ha!

Yeah, the trend is your friend….trade in the direction of the trend…etc

They even show videos, I mean the whole enchilada . Of course somebody has to make money with it right??

You sit, watch the whole nicely done video made on Camtasia, and you ask your self “what the hell they’re talking about??

Have you ever experience that. ??

Markets are just a collective state of mind. Everybody pushing to one side, or other..... or lack of interest in pushing. It’s a tendency to move in one direction, collectively. That’s it

This “push” or move, at any direction, it’s profitable, if you’re in the correct side of the move. Let’s call this move “swings” ok?

So how do we get in the correct side of the move to make money??

We just jump right in as soon as we see the swing developing??

Hold it…not so fast. I’ll show you how to deal with it in the next post(s)

Here’s a 5 minutes charts on 6BM8 which is the equivalent of GPB/USD in futures.

Not a whole lot of difference, well probably the feed. It’s just that I don’t trade spot forex.

I will stop right here to see if there’s any interest on the thread

PD: this is price only thread. Not snake-moving lines allowed.

[billbss]

I'm interested

[guess121]

count me in!

[dan_mir]

[Cmartin371]

Keep it coming

[Rialto]

Count me in also. Thanks.

[SedonaPipper]

One aspect of this business is to never stop learning.

[deefx]

Irony (I) was my saviour in Forex. It changed my whole unprofitable trading mannerisms for ever. You are the man, am in for 'Irony' (II-infinity) any day.

Dee

[HouseTrader]

Originally Posted by feb2865

I will stop right here to see if there’s any interest on the thread

PD: this is price only thread. Not snake-moving lines allowed.

Hey, I'm almost naked at all, almost finishing your first thread (so much gold-worthing information to my "black box" - also known as "brain"....)

Please, keep it coming!



PS: That's me trying to learn how to trade naked .... My wife still think I'm going crazy....

[feb2865]

Great

let's move forward

In the next chart, please notice point A which is the beginning of the swing, point B which is the end of the swing, and the pullback.

Remember this is a five minutes charts on cable.

I colored the charts with Heiken-Ashi for a better view. Nothing to do with the strategy.

I'll let you guys check the charts

no, we don't have entry-exit yet..stay put

Peace

[harar]

I am interested

[feb2865]

let's have a lil' fun here...

let's remove the crutch...yeah..I mean why people need trendlines and moving averages to know where the trend is?? I mean...can you see it??

just look at higher highs/lower lows.....train your naked eye to see that and you won't feel like a donkey with a heavy load no more. I promise

[feb2865]

Wait a minute!!

we have a small problem here...there's a pullback...well in this chart is a small one. but I have seen them very deep.

so, you see a move, and you decide to jump right into because the moving average was telling you to do so.....OMG "I have a stop loss of x pips...and I got screwed up 'cause the market run out of gas......"

You know, there's a huge problem upon you head whenever you see this happening....frustration

Have you ever experienced
it??


The trick is ( actually an old school trick for those who has been around the block ) is to read what the market is telling you and ACT accordingly.

Ok, so it's obvious, the market is moving up

what should we do

There's two possible choices

1) get on the bus as soon as we see it moving (picking the low)
2) buy on the pullback


mmmmmm what do you think we should do??

(pssssst don't tell anyone but as for me...neither one of them) please keep my secret safe

Guys I'm off for lunch so if you're still here...I will let you know how to deal with this situation

stay tuned

peace

[panos69]

out of his cave again .
cant wait to hear more ...

[HouseTrader]

I'm going to see my lill poor patients....

Hope I don't miss the train

I'm back in about four hours...

Keep it coming, We keep undressing!

Thanks a lot!