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  • #1,120,421
  • Edited 10:06pm Jun 28, 2017 9:45pm | Edited 10:06pm
1427 is R level here. Watch out if it breaks, we will see next at 16xx and 17xx. Otherwise, sell against 1427
Wait for a reversal
  • #1,120,422
  • Jun 28, 2017 10:01pm Jun 28, 2017 10:01pm
Quoting Angelina
1427 is R level here. Watch out if it breaks, we will next at 16xx and 17xx. Otherwise, sell against 1427 Wait for a reversal
waiting and watching
  • #1,120,423
  • Jun 28, 2017 10:02pm Jun 28, 2017 10:02pm
Quoting Angelina
1427 is R level here. Watch out if it breaks, we will next at 16xx and 17xx. Otherwise, sell against 1427 Wait for a reversal
Too late - already book some 15 pips from the short
  • #1,120,424
  • Jun 28, 2017 10:30pm Jun 28, 2017 10:30pm
I dont think this 1.14 spike is gonna hold up.
  • #1,120,425
  • Jun 28, 2017 11:04pm Jun 28, 2017 11:04pm
Quoting Ken A
{quote} Too late - already book some 15 pips from the short
Does your parrot see a larger retracement in USDx and xJPYs across the board?
  • #1,120,426
  • Jun 28, 2017 11:06pm Jun 28, 2017 11:06pm
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  • #1,120,427
  • Jun 28, 2017 11:19pm Jun 28, 2017 11:19pm
I'm a medium term trader holding positions for 3-12 months and I developed a breakout /trend following system that works.

Only problem is it only gives me 1-2 valid signals per year with 3-4 fake outs.

Short Eur/usd is my next signal but it's not confirmed yet until the daily chart trends lower. I need to be patient and just wait for the 3 green lights. Be patient, be patient....
  • #1,120,428
  • Jun 28, 2017 11:29pm Jun 28, 2017 11:29pm
Quoting genghistar
Hehehe I often wondered if any of the seasoned traders here ever noticed that the current and new prevailing PA dynamics have shifted due to the increased trading frequency generated by HFT and other digitalized trading aids and implements. As the result those old school paradigm of entering a trade on the pullback and retracement have diminished greatly. Its either a long period of tight ranges or a continuous spurious spikes with very rapid pullbacks/retracements to spook those traders who entry/exit are contingent on this method. So these traders...
Thanks for your thoughts on this subject.. nice to see that someone noticed similar.. things I discover more and more lately, especially during backtesting, is really shifting away from what is told by latest gurus or other well known rulemakers.. although the basic concepts are mostly valid, I too have to alter or update my core algorithms from time to time..

I am often noticing machine behaviour especially with harmonic patterns.. for example lately, many times I began noticing that market starts selling or buying way before price reaches pattern completion point D.. the trader who is not aware of this believes once price arrives at D he can buy or sell but actually the main trading opportunity might be already over. Just like this I come up with new findings every now and again which I definitely relate to machines.

Overall, with the awareness that machines are getting smarter and faster every minute I already accepted this fact and told myself to embrace a continuous and endless process of backtesting and altering my trading methods depending on my findings.

Stay Green
Focus only on what truly matters!
  • #1,120,429
  • Jun 28, 2017 11:39pm Jun 28, 2017 11:39pm
Quoting OZTrader22
I'm a medium term trader holding positions for 3-12 months and I developed a breakout /trend following system that works. Only problem is it only gives me 1-2 valid signals per year with 3-4 fake outs. Short Eur/usd is my next signal but it's not confirmed yet until the daily chart trends lower. I need to be patient and just wait for the 3 green lights. Be patient, be patient....
Some trading systems are waiting for 8 or 15 green lights.. yours is good with 3.. I think 3 is good lol.. just kidding brother.. I wish you the best with your trading system.. don't forget to test it with most accurate settings (every tick) and at least with 3 years of history data..

Stay Green
Focus only on what truly matters!
  • #1,120,430
  • Jun 28, 2017 11:41pm Jun 28, 2017 11:41pm
some levels on eurjpy. 127.77 is massive. usdyen has to participate for that level to be taken out.

no trades on the euro.
Attached Image
  • #1,120,431
  • Jun 28, 2017 11:46pm Jun 28, 2017 11:46pm
Quoting Ata-Turkoglu
{quote} Some trading systems are waiting for 8 or 15 green lights.. yours is good with 3.. I think 3 is good lol.. just kidding brother.. I wish you the best with your trading system.. don't forget to test it with most accurate settings (every tick) and at least with 3 years of history data.. Stay Green
O, I didn't mean literally 3 "green lights". I meant I have to be patient for my complete go signal.

Market has to jump over 6-7 hurdles for my signal to be complete.
  • #1,120,432
  • Jun 28, 2017 11:51pm Jun 28, 2017 11:51pm
Quoting OZTrader22
{quote} O, I didn't mean literally 3 "green lights". I meant I have to be patient for my complete go signal. Market has to jump over 6-7 hurdles for my signal to be complete.
Again.. I was just kidding bro.. I myself trade only along my own system and therefore I always respect those who try to develop their own methods.. I never liked to blindly follow anything in life.. may it religion, business, health etc. or trading related.. create your own style and improve it day by day.. wishing you the best..

Stay Green
Focus only on what truly matters!
  • #1,120,433
  • Jun 28, 2017 11:56pm Jun 28, 2017 11:56pm
Quoting Ata-Turkoglu
{quote} Again.. I was just kidding bro.. I myself trade only along my own system and therefore I always respect those who try to develop their own methods.. I never liked to blindly follow anything in life.. may it religion, business, health etc. or trading related.. create your own style and improve it day by day.. wishing you the best.. Stay Green
ya with your demo account and not showing unrealized losses you can do anything
  • #1,120,434
  • Jun 28, 2017 11:59pm Jun 28, 2017 11:59pm
Quoting giveachance
{quote} ya with your demo account and not showing unrealized losses you can do anything
Of course I can do anything and it is my business.. I have nothing to prove.. No one has anything to prove here.. We are only sharing ideas.. Go and criticize those who try to sell you something.. No need to bark here..

Stay Green
Focus only on what truly matters!
  • #1,120,435
  • Jun 29, 2017 12:01am Jun 29, 2017 12:01am
Quoting Ata-Turkoglu
{quote} Of course I can do anything and it is my business.. I have nothing to prove.. No one has anything to prove here.. We are only sharing ideas.. Go and criticize those who try to sell you something.. No need to bark here.. Stay Green
dont give recommendations to new traders here. show your live account and then we will see.
  • #1,120,436
  • Jun 29, 2017 12:04am Jun 29, 2017 12:04am
Quoting Spec_And
This will be back above 1.15 by the end of the year, the dollar bull market is over.
Not quite 1.15 but I'm taking half off my longs, this is up 700 pips from the French elections.
"Where you want to be is always in control, never wishing, always trading.
  • #1,120,437
  • Jun 29, 2017 12:09am Jun 29, 2017 12:09am
Quoting giveachance
{quote} dont give recommendations to new traders here. show your live account and then we will see.
Recommendations here are free my friend.. you take it or leave it.. show me any rule on FF that says those who share ideas MUST SUPPORT it with their real account? I really don't understand this logic. Can someone explain please where these people come up with these "mandatory", "self made" rules? Please go to FF rules section and read carefully. If you find any rule that contradicts with my posts I will stop posting here forever.

Who are you exactly? Why is it so important to you to see real accounts? Why do you expect 100% assurement in thread posts? Even assuming every member on this website would provide 100% great, profitable, perfect signals to you how can you think it would be for free?

I think you are confused my friend. Don't expect proof here. It is free information. take it or leave it, simple as that.

Stay Green
Focus only on what truly matters!
  • #1,120,438
  • Jun 29, 2017 12:18am Jun 29, 2017 12:18am
Quoting giveachance
some levels on eurjpy. 127.77 is massive. usdyen has to participate for that level to be taken out. no trades on the euro. {image}
127.77 and below will be safe to short
  • #1,120,439
  • Jun 29, 2017 12:19am Jun 29, 2017 12:19am
I may sound like a broken clock but the pre-requisite for any successful trader is ability availability agility and adaptability.
Short of any one of them will mean huge pain and endless struggle. Who say trading is getting easier...

Trade well all,

GS
  • #1,120,440
  • Jun 29, 2017 12:24am Jun 29, 2017 12:24am
Quoting Ata-Turkoglu
{quote} Recommendations here are free my friend.. you take it or leave it.. show me any rule on FF that says those who share ideas MUST SUPPORT it with their real account? I really don't understand this logic. Can someone explain please where these people come up with these "mandatory", "self made" rules? Please go to FF rules section and read carefully. If you find any rule that contradicts with my posts I will stop posting here forever. Who are you exactly? Why is it so important to you to see real accounts? Why do you expect 100% assurement in...
Hey buddy, why bother?! You are 100% right and I think most of us here know that you are one of the best traders in this forum. Demo or live? - let that be the question eating the jealous souls of the losers. Just don't care about them.

You keep up the good job buddy...
My best wishes to you

Cheers
No username yet? You are on my ignore list. Fuck off and do not quote me!
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