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  • #301
  • Jan 10, 2009 12:57pm Jan 10, 2009 12:57pm
Quoting CHFJunkie
boy , ur problem is all ur assumptions and observations are built on fake idea

THERE IS NO VOLUME IN FX MARKETS

go and ask , someone who knows about fx market mechanics.
loool i have a pretty good idea.

i should stick talking to you and wasting my time, getting pissed because of helping.

are you unable to understand what i wrote? about TICK VOLUME?
there is NO volume in form of traded contracts like in futures! i said it before and i also explained tick vol.

just READ and UNDERSTAND and do not talk about things you have no clue of.
  • #302
  • Jan 10, 2009 1:02pm Jan 10, 2009 1:02pm
Quoting tunera
I was just trying to say something, that clearly you havn't understood, and this don't shock me at all. Sorry, i was not looking to offend anyone, anyway when you look at volume to forecast the next volume or the next direction or the power of the move, you are actually using it to forecast, like newbies uses indicators to forecast the market, that's where i was saying that volume like any other indi say what happened in the last bar/bars, but i know many traders look at it to take their own decisions, there's nothing bad in it.
oh come on...try to learn something, inform yourself about vsa.
what is so hard to understand about it? unbelieveable...

i am not discussing about the point if it works or not because it proves itself day after day.

you just prove that u have no clue, because u underestimate volume and even do not understand that i do not use vol for forecasting next vol(LOL..wheres the sense?) it shows that curretly there was no buying so one can assume that probability of dropping prices exist and thats how big institutions trade.
  • #303
  • Jan 10, 2009 1:06pm Jan 10, 2009 1:06pm
Quoting Dr.Geppynius
oh come on...try to learn something, inform yourself about vsa.
what is so hard to understand about it? unbelieveable...

i am not discussing about the point if it works or not because it proves itself day after day.

you just prove that u have no clue, because u underestimate volume and even do not understand that i do not use vol for forecasting next vol(LOL..wheres the sense?) it shows that curretly there was no buying so one can assume that probability of dropping prices exist and thats how big institutions trade.
Hey Dr. Geppynius, i wroted, don't take it bad, i simply don't use volume in my analysis, i just don't use it, i know it's useful and many traders use it (as i already wrote).
We can't all have the same way to analyze the market, everyone have his own strategy, if you use volume, that's good, if somebody use moving average indicators that's good, if somebody use a flipcoin that's good too, what is important is to get some money off the market, not?
  • #304
  • Jan 10, 2009 1:11pm Jan 10, 2009 1:11pm
Quoting tunera
Hey Dr. Geppynius, i wroted, don't take it bad, i simply don't use volume in my analysis, i just don't use it, i know it's useful and many traders use it (as i already wrote).
We can't all have the same way to analyze the market, everyone have his own strategy, if you use volume, that's good, if somebody use moving average indicators that's good, if somebody use a flipcoin that's good too, what is important is to get some money off the market, not?
sorry, got you wrong and of course do not want to tell anybody how to trade.
i just was talking about vol and then get statements which are totally wrong, saying vol doesnt matter, from people how obviously have no idea of using since 2 pages

i am jut tired about discussing since 2 pages even after i gave enough explanations and really, vol is the only forecasting indi when used in correlation to bar spread. just research VSA and you will be amazed.
  • #305
  • Jan 10, 2009 1:12pm Jan 10, 2009 1:12pm
Quoting steelhead
perfect example here. 78.6% fibo 150.08. Most would enter trade with a 30-40 pip stop at most. It made a high of 150.51 and bam you are out of the trade.


You just got duked by the boys. They took it right past the 78.6 got everyone out then down it goes
yes , was in tades like this, so the best entry was in the four next candle that shows me ,little strong?
  • #306
  • Jan 10, 2009 1:15pm Jan 10, 2009 1:15pm
Quoting CHFJunkie
boy , ur problem is all ur assumptions and observations are built on fake idea

THERE IS NO VOLUME TO BE CALCULATED IN FX MARKETS

go and ask , someone who knows about fx market mechanics.

an edit : go and break down the formula used in the volume indicators u r using.
test it and then post here how u found it different from other forumulas and how u think it can calculate volume.

r u really really sure about ... there is not volume as we know it in stocks ... but each bar on a 5 min candle will have a certain amount of ticks in it

form the tick data we can read what is going on in the charts ..... what ever time frame you are looking at

if you look at the mechanics of any indicator they are made up of typically volume or price ....

esignal gives feeds form over 300 sources ... look at 15 min chart ... the HIGHEST volume occurred just after the NFP ... and the candle went nowhere .. that is very obviously that most of the ticks went off on the bid side ( sellers) ... and a sure sign to sell the gbpusd

there was also a very nice sell signal right at the top .. in a low volume up bar into new highs indicating that the buyers had dried up ... always look for sell signals off those bars

before you make broad sweeping statements .... check out tom Williams Master the markets and tradeguider software ...

I have been trading 5 years with indies ... they work well in this market due to volatility. but since learning about VSA with help of Dr Geppy my trading has changed 300 % to the good ... sometimes I trade just using volume bars , price action , a 14 wma and 30 pip lines drawn off daily pivot for support / resistance zones.

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  • #307
  • Jan 10, 2009 1:16pm Jan 10, 2009 1:16pm
Quoting steelhead
perfect example here. 78.6% fibo 150.08. Most would enter trade with a 30-40 pip stop at most. It made a high of 150.51 and bam you are out of the trade.


You just got duked by the boys. They took it right past the 78.6 got everyone out then down it goes
I simply don't understand why most would sell during an up-retrace, instead of wait the finish of it. And then talk about "the boys" "the big guys" when their sl get hitted.
  • #308
  • Edited 3:29pm Jan 10, 2009 1:20pm | Edited 3:29pm
Here the tips:

-Set volume histograme into your chart
-Set resistance and support or whatever your favorite S&R
-Google VSA rules

and ask questions that's all..be friendly, why rediculize someone else opinion if he
there is proven way to make money over it?
it's just a different approach pure PA.
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #309
  • Jan 10, 2009 1:23pm Jan 10, 2009 1:23pm
Quoting vulture
Here the tips:

-Set volume histograme into your chart
-Set resistance and support or whatever your favorite S&R
-Google VSA rules

and ask questions that's all..be friendly, why rediculize some else opinion if he
there is proven way to make money over it?
it's just a different approach pure PA.
spot on!
  • #310
  • Edited 1:42pm Jan 10, 2009 1:26pm | Edited 1:42pm
search on youtube tradeguider
start to watch all the videos speally the one about jim cramer
tick volume = market activity = more activity =....... + price sure
remove the supply if you want the price rise UP !!!!
  • #311
  • Jan 10, 2009 1:27pm Jan 10, 2009 1:27pm
Quoting vulture
Here the tips:

-Set volume histograme into your chart
-Set resistance and support or whatever your favorite S&R
-Google VSA rules

and ask questions that's all..be friendly, why rediculize some else opinion if he
there is proven way to make money over it?
it's just a different approach pure PA.
I tell you one thing, one way to separate mature traders from the naive ones.

the naive one think that their methods are the only valid ones! they can hardly accept criticism or even get opened to any other idea that may contradict what they think.

Although pros know that what makes a winner is not the methodology , it's discipline and money management!
Enter Signature
  • #312
  • Jan 10, 2009 1:34pm Jan 10, 2009 1:34pm
Quoting CHFJunkie
I tell you one thing, one way to separate mature traders from the naive ones.

the naive one think that their methods are the only valid ones! they can hardly accept criticism or even get opened to any other idea that may contradict what they think.

Although pros know that what makes a winner is not the methodology , it's discipline and money management!
lol, i accept every method and i have asked you several times what you think the reason is the market moves and about your approach.

all you post is just hot air, over and over again.

rod30: good choice! i like the tg stuff, really! open your mind and get rewarded.
  • #313
  • Edited 2:28pm Jan 10, 2009 2:02pm | Edited 2:28pm
Quoting Dr.Geppynius
spot on!
Interesting approach though

Good luck!!
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #314
  • Jan 10, 2009 2:09pm Jan 10, 2009 2:09pm
Quoting CHFJunkie
I tell you one thing, one way to separate mature traders from the naive ones.

the naive one think that their methods are the only valid ones! they can hardly accept criticism or even get opened to any other idea that may contradict what they think.

Although pros know that what makes a winner is not the methodology , it's discipline and money management!
With no Discipline and MM you are in wrong arena that one i agree , but i think he's just tying to explain his methodology in this thread PA
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #315
  • Jan 10, 2009 3:10pm Jan 10, 2009 3:10pm
Quoting CHFJunkie
I tell you one thing, one way to separate mature traders from the naive ones.

the naive one think that their methods are the only valid ones! they can hardly accept criticism or even get opened to any other idea that may contradict what they think.

Although pros know that what makes a winner is not the methodology , it's discipline and money management!




there are a million ways to get entry ... and you hit what makes a trader successful ...... good post .!!!!... discipline and money management...


does not matter what system you use ,.. more to do with MM and waiting for the right trades

I mean here is a really simple system for trading around the dp ...

price crosses up thru DP on 5 min chart , add 20 pip to high of bar place buy stop order , stop 1.15 of ATR

price crosses down thru the dp on dp , wait for 5 min candle to end subtract 20 pip off low of bar place sell stop order

friday this made 300 pips gj , 190 pip chf, 150 gbpaud ( add subtract 50 pip for this pair) . Just this simple system .... working on some auto trading .. this will be one of them

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  • #316
  • Jan 10, 2009 8:08pm Jan 10, 2009 8:08pm
Quoting fxterrapin
Hi john,

what does your price action method entail... i.e. what does price action mean to you?
FXTerrapin -

Price action to me means responding to how price reacts to S/R levels.

I DO use trend lines for S/R as well as horizontal S/R levels.always

I always trade off the M30 chart.

I always trade in the direction of the trend as determined from the Daily and Weekly charts.

I am primarily a breakout trader.

I always trade with fundamentals in mind (past & future).

Hope this answers your questions.

JohnW
Chance favors the prepared
  • #317
  • Jan 15, 2009 4:54pm Jan 15, 2009 4:54pm
I only trade what I see now and don't rely on history or lagging indicators. No candles, Support/Resistance or Fibs...I only use a black line on a 1 min chart,nothing else. Works for me for scalping the pipping pip outta it.

Tried PSAR for longer term trades...result...nightmare.

My using a squiggly black line trade journal is here on FF if anyone thinks I'm crazy....http://www.forexfactory.com/showthre...84#post2469384
  • #318
  • Jan 16, 2009 4:22am Jan 16, 2009 4:22am
Normally I don't respond, but I liked what shakesfx said and I am also doing a similar method. After using many different indicators and trying to have so many colored lines and grafts making decisions for me, I finally read some comments about learning price movement with no indicators and since then I have been making a profit non stop.

I still use Bolinger bands and a couple of SMA's one slow one fast, but I hardly look at them and just watch the price line. I think the only real difference I have with shakesfx is I switch charts to see how the trend is doing on longer timeframes. Having said that, the same thing can be achieved by just making the 1m chart show a longer time period. Over all, the point is I like to see how the trend is doing short and long term and just use my common sence to see what the price is doing in relation to the trends.
  • #319
  • Jan 16, 2009 10:28am Jan 16, 2009 10:28am
Quoting Raghu
Normally I don't respond, but I liked what shakesfx said and I am also doing a similar method. After using many different indicators and trying to have so many colored lines and grafts making decisions for me, I finally read some comments about learning price movement with no indicators and since then I have been making a profit non stop.

I still use Bolinger bands and a couple of SMA's one slow one fast, but I hardly look at them and just watch the price line. I think the only real difference I have with shakesfx is I switch charts to see how...

Common sense is the best tool to look at reality. Otherwise you will be lost in rules and abstraction. Common sense keeps you out of a complicated world.
  • #320
  • Jan 16, 2009 9:55pm Jan 16, 2009 9:55pm
Quoting steelhead
the 50% fibo level we talked about earlier got saved by the news. So it worked to a degree. U will notice now though it is blowing through fibo levels taking stops and and then may drop.

U will also notice where the low went to. In the area of solid candle closes testing the lows. then straight up.

I wonder how many saw it dropping like a rock coming into the lows, and sold hoping for a breakout. this is where studying the charts and learning what the big boys are doing will make you a better trader.

Although I am new here I wonder why this is such a big deal. Given your example why now just go with the breaks in the price channels instead of relying on Fibonacci levels? It seems like a slam dunk to me.

Am I missing something?

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