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gart May 30, 2011 1:13pm | Post# 25341

Oh , is just expression.
i begining hate all these invisible dangers to human life.
We playing too much with all the microbes and invisible forces.

regards
FTI great respect for your every word ...

tubguy May 30, 2011 1:47pm | Post# 25342

:-). Hi Fti. I am done for today. It wasnt good idea imo to get in... Slow range and i was too big in there... Success, but ugly and tired from that range... so slow...ah.... next time i wont trade holidays.... now i wonder why i did such mistake..
Don't feel alone Fana, I played my hand too. Got it slapped! real hard. Glad you came out OK. I had to leave my positions, so placed stops and left. Got hit dead on the pipette!
@142802 exactly. Oh well! I'll be back tomorrow.

Good Trading my friend
Mike

Fana May 30, 2011 2:07pm | Post# 25343

Don't feel alone Fana, I played my hand too. Got it slapped! real hard. Glad you came out OK. I had to leave my positions, so placed stops and left. Got hit dead on the pipette!
@142802 exactly. Oh well! I'll be back tomorrow.

Good Trading my friend
Mike
Hi Mike. One day is only one day. Discover what you could do better and try again.
Yeah:-). My generals and commanders was angry with me, because i want it too big...

fullperson May 30, 2011 2:22pm | Post# 25344

ok makes sense, I usually find that 3:1 was 25% retrace on the thread, I'll check again.

How do you use the open candle for direction? I think the TR was used strictly for vol and not direction?

I find that while we should be in the daily direction, the direction changes on the 5 min and 1hr. I tend to put even the daily out of the way and allow 5min's price movement to determine my direction....I bolded that last part because if what I said is wrong, then I need to fix immediately.

Anyways my question was more focused on timewindow. btw my skype is william.fan7 I would really like to talk about the MO

i dont know if my answer will be good for you, but this is what works for me so far.

i keep in mind the daily TR, to read volatility, usually my charts are set up for me to see the daily candle as it unfolds....

the redlion May 30, 2011 2:40pm | Post# 25345

1 Attachment(s)
Click to Enlarge

Name: split screen view.PNG
Size: 83 KB

to the left is the hourly chart (my brain works in terms of hours)
to the right is the 5 minute ( i dont use the 15 minute, if i count 3, 5 minute candles thats the 15 minute)

the blue area is the daily highs, the red is the daily lows
the green line i plot is the daily open price for reference.
if price is below the open the candle will look red correct?
if price above the candle will look blue.

it helps me know how price is trading in relationship to the daily

if i explained it correctly, you should be able to see, the daily candle unfolding before you

my very faint, gray SMAs (i make them faint so i dont see them unless i want to)
is the houly sma and the daily sma (sometimes helps)

indianguyinny24 May 30, 2011 3:46pm | Post# 25346

euro
 
http://www.zerohedge.com/article/cia...ty-intensifies

piccolo May 30, 2011 4:09pm | Post# 25347

Attachment 709836

to the left is the hourly chart (my brain works in terms of hours)
to the right is the 5 minute ( i dont use the 15 minute, if i count 3, 5 minute candles thats the 15 minute)

the blue area is the daily highs, the red is the daily lows
the green line i plot is the daily open price for reference.
if price is below the open the candle will look red correct?
if price above the candle will look blue.

it helps me know how price is trading in relationship to the daily

if i explained it correctly, you should be...
I hope it works for you.. otherwise you are missing the point and clouding your own mind.

piccolo May 30, 2011 4:13pm | Post# 25348

Don't feel alone Fana, I played my hand too. Got it slapped! real hard. Glad you came out OK. I had to leave my positions, so placed stops and left. Got hit dead on the pipette!
@142802 exactly. Oh well! I'll be back tomorrow.

Good Trading my friend
Mike
hope is bad for your health in the markets

Fana May 30, 2011 4:16pm | Post# 25349

hope is bad for your health in the markets
But our accounts are growing, right?

luSan May 30, 2011 4:17pm | Post# 25350

Attachment 709836

to the left is the hourly chart (my brain works in terms of hours)
to the right is the 5 minute ( i dont use the 15 minute, if i count 3, 5 minute candles thats the 15 minute)

the blue area is the daily highs, the red is the daily lows
the green line i plot is the daily open price for reference.
if price is below the open the candle will look red correct?
if price above the candle will look blue.

it helps me know how price is trading in relationship to the daily

if i explained it correctly, you should be able to...
Man, that is very complex.
If you have the sma telling you about PA in relationship to the daily and hourly, what do all these colors do for you?
What is the advantage of counting 3 5M to see the 15M when we just can have the 15< chart in front of your eyes?
I think that less is better.
Cheers.

the redlion May 30, 2011 4:19pm | Post# 25351

thanx, ill keep that in mind

FTI can correct me on this but i dont think he meant all technical analysis is bad, i MUST have a naked chart.

i think he meant the way people use it to dictate their decision is erroneous.
i use it in a way that makes sense to me. to help me understand my position in relationship to the daily price movement.

im not saying its the best M.O
im still learning, im a beginner and as socrates said " i only know that i know nothing"

but so far i feel comfortable with it, and it works for me.
i trade according to the developing price, that is how i time my entrances and exits, according to what is happening in the 5 minute chart, not only do i keep in mind, patterns, formations etc but also momentum of price.
my scout does well

next i need to know when to hold, and press the attack. not just keep the scout continuously in profit. but as FTI said, i need to tame my ego

i tend to always achieve what i set out to do, and im very bright guy, so i need to be humble with the market, and not force things. go with the flow and take what it gives

piccolo May 30, 2011 4:33pm | Post# 25352

hey guys, was re-reading fti's dance sessions when came across this. I think is insight into use of time window and dow theory. If anyone has insight into this, would be appreciated. Post 6127

-my analysis: don't catch shooting stars, if large position and cannot manage cut out. If manageable and trend still in your position, then maybe ok to attempt rescue if volatility is in your favor. Important to check volatility, to make sure that the previous impulse can be corrected. Seems using some rigid formula? I try not to speculate anymore...just...
here is the full quote http://www.forexfactory.com/showthread.php?p=2607149

I think it is a very valuable post. Of course you cannot always expect the waves to develop according to plan or count but you should use it as a guide.

piccolo May 30, 2011 4:41pm | Post# 25353

thanx, ill keep that in mind

FTI can correct me on this but i dont think he meant all technical analysis is bad, i MUST have a naked chart.

i think he meant the way people use it to dictate their decision is erroneous.
i use it in a way that makes sense to me. to help me understand my position in relationship to the daily price movement.

im not saying its the best M.O
im still learning, im a beginner and as socrates said " i only know that i know nothing"

but so far i feel comfortable with it, and it works for me.
i trade according...
FTI has said many times that you should use indicators like SMA 12 and 48 only when lost. Like if you are asking yourself where is the trend ? (look at daily) It should be obvious even without the SMAs. Where is resistance / support? Is there a tunnel? Try seeing it without drawing first.

fullperson May 30, 2011 7:08pm | Post# 25354

yes, I have printed out the full post, but it is hard to dissect. I do not want to have any bad habits so I wanted to see what everybody's opinion was on ATR and time window before I start practice on this subject.

Also, can you elaborate on the tunnel?

In addition, was still wondering about scope. On 5 min rescues can take entire day and half before daily enforces




here is the full quote http://www.forexfactory.com/showthread.php?p=2607149

I think it is a very valuable post. Of course you cannot always expect the waves to develop according to plan or count but you should use it as a guide.

luSan May 30, 2011 10:33pm | Post# 25355

Darn...I am riding my bear going north...

imjscn May 30, 2011 10:41pm | Post# 25356

Moody's place Japna AA2 govt rating on review for possible downgrade

@LuSan, nice to see you back

tubguy May 30, 2011 10:41pm | Post# 25357

Darn...I am riding my bear going north...

Thanks LuSan. I needed a good laugh.

Jaro May 30, 2011 11:00pm | Post# 25358

Darn...I am riding my bear going north...
Thanks LuSan!
My account is small, so I need Money!

P.S. Next time you will have mine.
Jaro

indianguyinny24 May 30, 2011 11:17pm | Post# 25359

Darn...I am riding my bear going north...
....

How r u doing lusan...


V

maheswara May 31, 2011 1:58am | Post# 25360

wats with the Asian buying past 1 week , i cant be awake 24 hrs , sigh


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