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  • Post #101
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  • Jul 1, 2010 12:55pm Jul 1, 2010 12:55pm
  •  King Singh
  • | Joined Feb 2010 | Status: Member | 78 Posts
Quoting soso
Disliked
I don't know what exactly did you get out of that phrase... since it started, but please people don't create an aura of holy grail around it.
Ignored
Hi Soso,
U r quite right.. he suggests a lot abut the trend. but , just give it a thought-
a consolidation on one timeframe may b a trend on another time frame. And if spreads nd costs r not eating majority of the move, its tradable.
Moreover, i appreciate every such endeavour that motivates me and aids me in keeping the required state of mind. And this thread is one such eg.
Tc.
 
 
  • Post #102
  • Quote
  • Jul 1, 2010 1:29pm Jul 1, 2010 1:29pm
  •  King Singh
  • | Joined Feb 2010 | Status: Member | 78 Posts
Quoting free84
Disliked
i think he would say play what you see no what you expect(because on SR or fibo ....etc) nothing is reliable exept price
probleme is to learn reading price with noise
Ignored
Absolutely Free84,
Afterall, it not the price that sets S/R or fibos. its the traders and their mass psyche that drives the price. Fibos work; they work when a lot of traders (or even few traders but with majority of funds) draw exactly same levels and abide by it. And they dont work a lot other times, the reason being same that different traders drew diff levels thus not alowing required concentration at any level.
Thats why we dont set our sell stops or buy stops at say 38.2 beforehand. We wait for the price to reach at that level and see what the masses do, if it peneterates or if it bounces.
U r right, we shud always trade what we see, not what we expect. Expectations and later, the refusal to admit that our expectations r not working burns us very bad.
Regards,
K.S.
 
 
  • Post #103
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  • Jul 2, 2010 4:04pm Jul 2, 2010 4:04pm
  •  mgokhank
  • | Joined Jul 2008 | Status: Member | 353 Posts
For a long time for the first time I have been excited again at reading something about trading. Maybe I can't write 10.000 words about "moving averages" ,but I wanna share my "monitor yourself" excel spreadsheet with the people who did read all this wonderful thread.
Attached File
File Type: xls TRADER'S Book.xls   299 KB | 2,846 downloads
 
 
  • Post #104
  • Quote
  • Jul 2, 2010 8:37pm Jul 2, 2010 8:37pm
  •  hangit
  • | Joined Jan 2010 | Status: Member | 11 Posts
Quoting mgokhank
Disliked
For a long time for the first time I have been excited again at reading something about trading. Maybe I can't write 10.000 words about "moving averages" ,but I wanna share my "monitor yourself" excel spreadsheet with the people who did read all this wonderful thread.
Ignored
Thanks for the book. It is not all translated to English. Can you accomplish this and attach again? Thank you.

John
 
 
  • Post #105
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  • Jul 3, 2010 4:49am Jul 3, 2010 4:49am
  •  mihazupan1
  • | Joined Jun 2010 | Status: Member | 199 Posts
Quoting mgokhank
Disliked
For a long time for the first time I have been excited again at reading something about trading. Maybe I can't write 10.000 words about "moving averages" ,but I wanna share my "monitor yourself" excel spreadsheet with the people who did read all this wonderful thread.
Ignored
Wow this is really great. Will definitely help me. Thanks
 
 
  • Post #106
  • Quote
  • Edited at 11:37am Jul 4, 2010 9:07am | Edited at 11:37am
  •  kk007
  • Joined Feb 2009 | Status: Commercial Member <- Don't trust me | 2,976 Posts
Quoting soso
Disliked
I don't know what exactly did you get out of that phrase... It is obvious from CP charts and posts that he trades with the trend and if no price history exists neither are trends, no? That statement of his is one big ambiguous phrase.

The thing that, for me, stands out the most out of CP posts is THE TREND.

All in all greats stuff, I bookmarked the thread since it started, but please people don't create an aura of holy grail around it.
Ignored
I think the OP is talking about price action, or whatever you like to call it. When talking about price action, it is actually about the immediately past without reliance on the longer past. Since the OP is a die-hard trend follower, I think he is talking about mini-trend information containing in price action. Technical analysis by nature is about the analysis of the price history; it makes no sense to trade technically without reliance on the past.

It is unlikely that he has discovered something completely new, and you can see in the thread, rather than telling a holy-grail story, he keeps having lossing trades. The only problem is that he has a "wicked" interest to keep everyone guessing.
 
 
  • Post #107
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  • Jul 4, 2010 10:43am Jul 4, 2010 10:43am
  •  100m
  • Joined Jul 2010 | Status: Member | 51 Posts
Quoting free84
Disliked
i think he would say play what you see no what you expect(because on SR or fibo ....etc) nothing is reliable exept price
probleme is to learn reading price with noise
Ignored
Sorry for my bad English

I've been learning how to follow the trend by using SMA since I've followed this thread. But the problems I was often swept by the market because I even didn't know whether the chart just retraced or reversed.

In retracement cases, it's difficult to determine the sweet spot. When I entered a trade, frequently and unfortunately the retracement still continued.

I've found something, there is always a strong trend within a minor trend. I mean I can find a strong uptrend in one minute chart meanwhile the hourly chart shows a downtrend. There's always opportunity lies on the chart.

By Knowing the minor trend, I can be able to estimate the sweet spot of the major trend. I think term of just following the trend depends on my owns objective. When I choose the hourly movement as my objective, I will just buy when the hourly chart on the uptrend even though the daily chart on the downtrend, and conversely. Then I will use the less time frame as entry and exit reference.

I will illustrate my description above,

If I use only one minute chart. SMA 5 will represent the 5 minutes movement; SMA 60 will represent the hourly movement; SMA 1440 will represent the daily movement; etc.

If my objective is catching the hourly trend, I will stick on SMA 60 and refer to SMA 5 for entry and exit. I can change my objective anytime, it depends on market condition.

This method can save me from buy on the top or sell on the bottom.

I think the essence of SMA as base of the other indicators is to figure the direction of the price movement, not as entry/exit signal and not as boundary between buy and sell zone.

Inserted Code
~CrucialPoint
If you use 5min, 15min, 1hr and daily... all you need is the 5 min chart. You can get rid of the other time frame because you can read them from the 5 min chart alone. [b]Why complicate things when they can be as simple!?[/b]
Inserted Code
~CrucialPoint[list][*]that only by knowing  where the opportunity lies, then taking advantage of the  opportunity becomes less in resistance[*]that not knowing where  are the opportunity, is like not knowing where the gold  treasures are buried (not having a map)[/list]
 
1
  • Post #108
  • Quote
  • Jul 9, 2010 3:58pm Jul 9, 2010 3:58pm
  •  pauly
  • | Joined Jul 2009 | Status: Absolute Probability.. | 600 Posts
WOW great posts

yeah trading is all about a TREND and its momentum.

NO TREND, NO FRIEND!!!


95 % dont get this simple rule.
Follow the Trend, thats all
 
 
  • Post #109
  • Quote
  • Jul 10, 2010 9:23am Jul 10, 2010 9:23am
  •  hefhem911
  • Joined Jun 2007 | Status: Finally, I can do it after all | 229 Posts
Quoting CrucialPoint
Disliked
Quoting hefhem911
Disliked
I have been thinking about the above words for months now. Coming in contact with your journal has made me believe am not yet where i ought to be. But since you said it took you 6.5 years to become successful in this biz, I believe i will soon be there without relenting.
Ignored
6.5 years can mean a lot of things to different people. It took me 6hrs everyday for 6.5 years researching, studying; proving and disapproving every theories and procedures I could find.

I hope you don't put on a demo-trade which lasted for 4hrs and call it 4hrs of experience. That my friend is only worth 2minutes of real experience, but you wasted 4hrs. It took 2min of thinking and placing a trade.. and what did you learn from the trade. When I say 6hrs a day...I meant 6hrs of solid learning and research. Most will get this confused. Everyone I see on the forum has been trading for the past 4-6 years. But they only possess 6-8months of solid trading experience. And I'm not surprised that they are not profitable.


Quoting hefhem911
Disliked
I just want you to know that am not trying to ask you for your system, indicators or anything relating to that (you already said you wont give it though) but all am trying to get from you is the smallest of all clues. May be i already have gotten it but not aware of it or may be not. I believe if you can just show me the pointer, i will walk the way through to the end.
Ignored
I posted on the first several post:
"I dare anyone on this entire planet to prove this observation wrong; 95% of the time, Price will close above or below its Opening price. Less than 5% of the time it will close at its opening price. This is where the pot of gold are buried."

This has nothing to do with price history nor historical data. This apply to every TF. But for simplicity, I want you to pull up any daily, weekly or a monthly chart. Look at the very last candlestick and understand this observation. Don't look the history, just the last candle. And then apply this theory to the future candlesticks without any historical analysis. I can guarantee you it will be 100% all of the time. I also dare you to prove me wrong on this.

The main question is... What did you learn from this theory? These are some of the reason why they want to stop me from posting. The whole thread was a pointer in the right direction. Not just some posts, but all of my posts.

Quoting hefhem911
Disliked
Forex in Nigeria here is just coming to the awareness of the masses and who knows there are some guys here too withholding information. If i can take the pain to learn this biz, then all those pain will vanish in a day when the time is right.
Ignored
"Knowledge must be earned and not come too easily, lest that not be appreciated." ~W.D.Gann You won't appreciate, nor understand what I tell you unless you go through the pain of understanding it for yourself. If you've never experienced it yourself, you will never convince your subconscious.

It's no different from person who's born in a wealthy family and then squandered all of the money because they don't have the appreciation of how the wealth was accumulated.

Trust me, I left a lot of information within my limited number of post in my thread. It's enough for anyone to be profitable. Actually, it's too much information that they told me to shut up.

Quoting hefhem911
Disliked
I personally will like to know you better if possible, face to face. If you feel its right and OK by you, you can drop me your contact and i will give you a call. I want to know!
Ignored
A lot of people have asked this question. I'm sorry and this won't be the case.

Trust me when I say; you are one of the very fortunate to have come across my thread. Don't squander the information I left behind. In fact, the information I left behind is for the person who is on the last lap of their journey. It is what will catapult them into the 5%. And anyone who is not on their last lap of their journey will never understand my posts.

Trust me and Remember these last words: When you are close to making it in Forex, my posts will be the golden key to the door of the 5%. If it doesn't make any sense to you... you are very far away from succeeding.

Regards,
CrucialPoint
Ignored
Hef
 
 
  • Post #110
  • Quote
  • Nov 9, 2010 2:42am Nov 9, 2010 2:42am
  •  robdee
  • Joined Jul 2006 | Status: Mighty Mooloo Country | 480 Posts
Quoting CrucialPoint
Disliked
You see, what I have discovered was an elegant equation. The truth about price movement (not based on historical data)
Ignored
That quote is from CrucialPoint's somewhat mysterious last post.

When we condense down everything we have learned about price movement what is the most fundamental truth we have in our comprehension ?

For a long time my understanding was limited to simply buyers vs sellers, when there are more sellers price moves down, when there are more buyers price moves up. This is the classic balance between supply and demand.

Now, is there an even more basic level of truth underlying this ?

I think that is what CP was hinting at and he had discovered it and was advised to keep it to himself.

Think about it, no historical data required, something that explains price movement (as well the high percentage of losers in this game). RD
 
1
  • Post #111
  • Quote
  • Edited at 3:59am Nov 9, 2010 3:35am | Edited at 3:59am
  •  Four Kids
  • | Joined May 2007 | Status: Member | 1,332 Posts
CP, if you were told to shut up about the " elegant equation" why are you talking about it on a public forum?

You have said, on another thread, that you had 5 hrs of sheep walking across your computer screen and your bank accounts etc had been hacked into, presumably to enforce the shut-up order, and yet here you blabbing about it to the whole world.
 
 
  • Post #112
  • Quote
  • Nov 9, 2010 3:47am Nov 9, 2010 3:47am
  •  Four Kids
  • | Joined May 2007 | Status: Member | 1,332 Posts
Another question CP, how did they, who ever they are, find out you had possession of this elegant equation?

Did they monitor you computer, do they monitor all computers, do they monitor all trading platforms,did your trading suddenly go from a few hundred or a few thousand dollars per week to millions?

Just curious to know how "they" know what you are up to, because if they know what you are up to presumably they know what every retail trader is up to. Thats a scary thought.
 
 
  • Post #113
  • Quote
  • Nov 19, 2010 10:27am Nov 19, 2010 10:27am
  •  split_unit
  • | Joined Jul 2008 | Status: Member | 709 Posts
Thank you CP for you excellent thread and posts.
 
 
  • Post #114
  • Quote
  • Nov 20, 2010 10:07pm Nov 20, 2010 10:07pm
  •  ingmarforex
  • Joined Dec 2009 | Status: Member | 3,307 Posts
Watching tick charts is like watching the ocean waves beautifull
 
 
  • Post #115
  • Quote
  • Nov 20, 2010 10:14pm Nov 20, 2010 10:14pm
  •  Four Kids
  • | Joined May 2007 | Status: Member | 1,332 Posts
Hi CP,

Are you going to answer my questions, which were asked about two weeks ago, or are you just going to carry on abusing me on other threads?
 
 
  • Post #116
  • Quote
  • Nov 21, 2010 8:04pm Nov 21, 2010 8:04pm
  •  jimmyjames79
  • | Joined Nov 2010 | Status: Member | 136 Posts
For the readers of this thread.

You can give a man a fish and he will have dinner for one night. You teach a man to fish he will eat for the rest of his life.

Crucial Point is teaching you how to fish. He is not going to waste his time
giving you a fish. As giving you a fish will not help you in the long run.

The logistics in trading are simple and Crucial Point has took the words out of my mouth. The words that took me 3 years to understand. 3 years of not missing a single day of the markets spending on average 6 to 7 hours a day if not more. (Not kidding every day including weekends). And I still have so much to learn. Also much to learn from this thread.

I never considered myself intellegent and still don't. I have a passion for trading. Passion is more important then intellegence. What takes you 10 minutes to learn may take me twenty minutes but i won't stop at twenty minutes. Matter of fact I'll spend an hour and improve the concept.

Everybody has different capabilities. Your job is to meet your capabilities
not to worry about comparing yours to others.

I promise you if you have half a brain you just half to work twice as hard and you can find a simple system that you fire over and over again and you will succeed in profitability.

Any how Thanks Crucial Point for the wonderfull thread.
My trades are 100% profitable 65% of the time!
 
 
  • Post #117
  • Quote
  • Edited at 9:48pm Nov 23, 2010 9:33pm | Edited at 9:48pm
  •  ForexQuant
  • Joined Jan 2010 | Status: Member | 519 Posts
I must say that I am 99% agree with CP, and it is possible to trade without chart.

Personally I trade without price chart & indicators. I dont really care about candlestick pattern, formation pattern, support & resistance, price action, major/minor trend bla bla bla...All my trades are guided by a simple (Honestly I never thought it is that simple) but elegant mathematic equation too. Judging from his posts, our method maybe quite similar.

Please dont get me wrong, my equation is not a holy grail or some sort of 'magic' equation. It is just a mathematical technique to find a hidden edge as well as its characteristic & price movement behaviour that written in numbers.

I also believe that I'm not the only one that made the discovery because the answer is really simple, IMHO. You may also make the discovery provided if you can look at the problem with open minded thinking and able to ask a right question. Of course the process will take years, not months.

Ladies/Gentlemen, the truth is out there! Open your mind!
 
 
  • Post #118
  • Quote
  • Nov 23, 2010 10:29pm Nov 23, 2010 10:29pm
  •  kk007
  • Joined Feb 2009 | Status: Commercial Member <- Don't trust me | 2,976 Posts
It is that simple, but only after one has spent years!

Glad that you just agree about trading profitably without charts, but not without "price history" as CP said. hahahaha!!!

Quoting ForexQuant
Disliked
I must say that I am 99% agree with CP, and it is possible to trade without chart.

Personally I trade without price chart & indicators. I dont really care about candlestick pattern, formation pattern, support & resistance, price action, major/minor trend bla bla bla...All my trades are guided by a simple (Honestly I never thought it is that simple) but elegant mathematic equation too. Judging from his posts, our method maybe quite similar.

Please dont get me wrong, my equation is not a holy grail or some sort of 'magic' equation. It is...
Ignored
 
 
  • Post #119
  • Quote
  • Nov 23, 2010 11:17pm Nov 23, 2010 11:17pm
  •  Alihuzaifa
  • | Membership Revoked | Joined Oct 2008 | 2,791 Posts
Quoting ForexQuant
Disliked
I must say that I am 99% agree with CP, and it is possible to trade without chart.

Personally I trade without price chart & indicators. I dont really care about candlestick pattern, formation pattern, support & resistance, price action, major/minor trend bla bla bla...All my trades are guided by a simple (Honestly I never thought it is that simple) but elegant mathematic equation too. Judging from his posts, our method maybe quite similar.

Please dont get me wrong, my equation is not a holy grail or some sort of 'magic' equation. It is...
Ignored

what is that mathemetical equation or tecnic?
 
 
  • Post #120
  • Quote
  • Nov 23, 2010 11:41pm Nov 23, 2010 11:41pm
  •  ForexQuant
  • Joined Jan 2010 | Status: Member | 519 Posts
Quoting kk007
Disliked
It is that simple, but only after one has spent years!

Glad that you just agree about trading profitably without charts, but not without "price history" as CP said. hahahaha!!!
Ignored
Well i guess i still need something but not nothing to study the price behaviour right?
 
 
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