Free Chat Room starting Monday 7th November 2011 0815am gmt onwards
As Trading from a home office in isolation can be a lonely business I am starting a Free voice chat room. Just to be clear I have no plans whatsoever to charge for this at any time - as far as I am concerned it will always be free. I will see what interest there is in it and wether it is worth continuing, ie wether it fulfills a need for both me and others.
I aim for it to be a constructive, friendly, fun, useful, and business like place and hope that the commentary/chat I and hopefully others provide fulfills these aims. Some may choose to give Buy and Sell calls and if they do I hope they explain why for each one...but I prefer to talk about and give a heads-up on the elements listed below, so that others can make their own minds up on when to enter the market:
a. Price action (both individual price action candles/candle combinations -and wether bullish or bearish) -and- overall price action - ie whether instrument is trending or ranging on each respective time frame of interest and if that changes/may be changing.
b. Potential set-ups developing and developed.
c. Potential pre-identified support/resistance - ie: levels to watch for and why.
d. Upcoming fundie data releases and most likely effects
e. Etc...
Feel free to discuss any instrument/pairing you choose and also please support the chat by posting charts in this thread as I will do and refer to them in the chat room.
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For those that don't know - I am an intraday trader and I mainly trade gbpusd looking for repeating indicator/price action based set-ups @ pre-identified potential support/resistance/rbs/sbr - these make up my own trading edge that I have traded for over 7 years, refining the edge as I became more experienced.
I won't reveal every detail of my own trading edge-it is proprietary but I am happy to discuss the elements that it comprises, and for for those that have read my postings in the Cable thread here at Forex Factory they will know that it's guiding principle is confluence and that I developed the trading edge to be hi-probability.
Attached to this post is a truncated version of the transcript of a talk I was invited to give to the members of the Trade2Win.com community in January of this year and this may be useful to some in understanding the principle of confluence and what a trading edge is and is not. It also discusses the tehnical analysis that makes up my own trading edge and makes the case for a hi-probability trading edge over that with a lower probability.
I trade a 3 t/f methodology, 1min-5min-30min and if that doesn't set-up I look at 3min-15min-1hr whereby (and using the 1-5-30min combo as the example) 1min is the shortest trigger t/f, 5min is the intermediate t/f and 30min is the longest trend t/f.
I trade with and against any trend that may be present on both the intermediate and longest- trend t/f's. Trading against trend involves looking for repeating bullish or bearish divergence based set-ups and PA triggers @ pre-identified potential supp/res/sbr/rbs. Trading with trend involves looking for pullbacks to previous support (potential sbr) in a downtrend, and previous resistance (potential rbs) in an uptrend and looking for repeating hidden divergence based set-ups and PA triggers to get with trend again after the pullback @ that potential rbs/sbr - ie a higher probability methodology applied to the general ' buy the dip/sell the rally ' technique in an up/down trend respectively.
I also trade purely PA set-ups and along with everything else mentioned above, you may hear me refer to these in the chat room and give a heads-up.
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I will open the chat room using the free Paltalk software. If you do not have it installed you can download it here. ; http://www.paltalk.com You can join Paltalk and create a username.
The chat room is called Pro Forex Trading and you can access it (when the room is open) by logging into paltalk and finding it via the ' View All ' Chatrooms at the bottom of the welcome screen/app...then look in the Business & Finance section > Day Traders - Stocks and Bonds and it will be listed there > double click on the room title to open it. Alternatively (when it is open) you can access it thru this link: http://express.paltalk.com/index.html?gid=1423217338
The room is text and audio (voice) and my preference is for audio as it is more 'realtime,' but feel free to use one or both. You can PM (private message) other users in the chat room by right clicking on their username. There are also a lot of other functions in paltalk.
The room will be open by 0815 am each day London time. To talk simply hold down the CTRL key on your keyboard and release it when you have finished talking.
I hope it will prove useful for anyone that wants to take part.
As Trading from a home office in isolation can be a lonely business I am starting a Free voice chat room. Just to be clear I have no plans whatsoever to charge for this at any time - as far as I am concerned it will always be free. I will see what interest there is in it and wether it is worth continuing, ie wether it fulfills a need for both me and others.
I aim for it to be a constructive, friendly, fun, useful, and business like place and hope that the commentary/chat I and hopefully others provide fulfills these aims. Some may choose to give Buy and Sell calls and if they do I hope they explain why for each one...but I prefer to talk about and give a heads-up on the elements listed below, so that others can make their own minds up on when to enter the market:
a. Price action (both individual price action candles/candle combinations -and wether bullish or bearish) -and- overall price action - ie whether instrument is trending or ranging on each respective time frame of interest and if that changes/may be changing.
b. Potential set-ups developing and developed.
c. Potential pre-identified support/resistance - ie: levels to watch for and why.
d. Upcoming fundie data releases and most likely effects
e. Etc...
Feel free to discuss any instrument/pairing you choose and also please support the chat by posting charts in this thread as I will do and refer to them in the chat room.
-----------------------------------------------------------------------
For those that don't know - I am an intraday trader and I mainly trade gbpusd looking for repeating indicator/price action based set-ups @ pre-identified potential support/resistance/rbs/sbr - these make up my own trading edge that I have traded for over 7 years, refining the edge as I became more experienced.
I won't reveal every detail of my own trading edge-it is proprietary but I am happy to discuss the elements that it comprises, and for for those that have read my postings in the Cable thread here at Forex Factory they will know that it's guiding principle is confluence and that I developed the trading edge to be hi-probability.
Attached to this post is a truncated version of the transcript of a talk I was invited to give to the members of the Trade2Win.com community in January of this year and this may be useful to some in understanding the principle of confluence and what a trading edge is and is not. It also discusses the tehnical analysis that makes up my own trading edge and makes the case for a hi-probability trading edge over that with a lower probability.
I trade a 3 t/f methodology, 1min-5min-30min and if that doesn't set-up I look at 3min-15min-1hr whereby (and using the 1-5-30min combo as the example) 1min is the shortest trigger t/f, 5min is the intermediate t/f and 30min is the longest trend t/f.
I trade with and against any trend that may be present on both the intermediate and longest- trend t/f's. Trading against trend involves looking for repeating bullish or bearish divergence based set-ups and PA triggers @ pre-identified potential supp/res/sbr/rbs. Trading with trend involves looking for pullbacks to previous support (potential sbr) in a downtrend, and previous resistance (potential rbs) in an uptrend and looking for repeating hidden divergence based set-ups and PA triggers to get with trend again after the pullback @ that potential rbs/sbr - ie a higher probability methodology applied to the general ' buy the dip/sell the rally ' technique in an up/down trend respectively.
I also trade purely PA set-ups and along with everything else mentioned above, you may hear me refer to these in the chat room and give a heads-up.
-------------------------------------------------------
I will open the chat room using the free Paltalk software. If you do not have it installed you can download it here. ; http://www.paltalk.com You can join Paltalk and create a username.
The chat room is called Pro Forex Trading and you can access it (when the room is open) by logging into paltalk and finding it via the ' View All ' Chatrooms at the bottom of the welcome screen/app...then look in the Business & Finance section > Day Traders - Stocks and Bonds and it will be listed there > double click on the room title to open it. Alternatively (when it is open) you can access it thru this link: http://express.paltalk.com/index.html?gid=1423217338
The room is text and audio (voice) and my preference is for audio as it is more 'realtime,' but feel free to use one or both. You can PM (private message) other users in the chat room by right clicking on their username. There are also a lot of other functions in paltalk.
The room will be open by 0815 am each day London time. To talk simply hold down the CTRL key on your keyboard and release it when you have finished talking.
I hope it will prove useful for anyone that wants to take part.
Attached File(s)
T2W presentation 29-01-11.doc
3.6 MB
|
877 downloads
ex member