buy the rumor,sell the news
- #48,802
- Sep 29, 2018 4:11pm Sep 29, 2018 4:11pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,060 Posts
{quote}{image}
- #48,803
- Sep 29, 2018 4:20pm Sep 29, 2018 4:20pm
- | Joined Jul 2018 | Status: Trader | 1,514 Posts
buy the rumor,sell the news
- #48,804
- Sep 29, 2018 4:28pm Sep 29, 2018 4:28pm
- | Joined Jul 2018 | Status: Trader | 1,514 Posts
buy the rumor,sell the news
- #48,805
- Sep 29, 2018 5:13pm Sep 29, 2018 5:13pm
hepsibah..you said you werent to old to learn new tricks well now you can have at it...im not sure if they still publish this magazine but it was one id read back in the nineties, the other ones were stocks and commidities, and futures magazine. Id go to borders or krochs and brentanos and spend a sat. or sunday perusing all their magazines LOL...if id find one with an interesting article id then buy it. i think theyre both gone now amazon did away with them. tradersworld i thought was pretty wacky back then but that was in the beginning of my trading...
. Way back before stuff was available online I used to buy every book I could lay my hands on whenever we had a trip to the US and I used to subscribe to Stocks and Commodities and have it shipped to the UK (usually a month behind LOL). But my biggest influence was a group called FXAW set up by Craig Harris and in particular a trader under the name of Captain Jack. I didn't realise just how much I didn't know in those days if you get my meaning and never had the nerve to post anything. But however far I have strayed into other strategies and techniques it is always Captain Jack's that I come back to and which is the basis of my trading these days. He did post on FF in the 'Why is it possible to predict price movement' thread but sadly the trolls took over and were so horrendously disrespectful that he only now posts on Steve Hopwood's site. Thank goodness that Ata , like Davit on his thread, is quick to squash the trolls.I'm always ready to read and experiment with new ideas however as long as they can fit within the overall strategy and time based ideas like mja's are particularly exciting.
Ok, so this is what i've got, daily has turned the corner south and could run down to .1460 or perhaps .1340
4hr should be bottoming out soon and get bullish for a retracement to .1650/.1670/.1700 or go sideways before getting bearish again
1hr should be about done with its retracement and get bearish again and try the .1580 and down to potentially .1530 and by then the 4hr should be getting bullish so it could stall out and head north again
just my .02 i'm new and learning
4hr should be bottoming out soon and get bullish for a retracement to .1650/.1670/.1700 or go sideways before getting bearish again
1hr should be about done with its retracement and get bearish again and try the .1580 and down to potentially .1530 and by then the 4hr should be getting bullish so it could stall out and head north again
just my .02 i'm new and learning
- #48,808
- Sep 29, 2018 5:39pm Sep 29, 2018 5:39pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,060 Posts
2 weeks worth of price action on a half hour chart ,, all came to a head when ,, all the dire warnings about not taking a position till after the annc yada yada ,,, after the annc ,,no more rumors or maybe this maybe that ,, the news was known ,, very good example of buy the rumor sell the fact ,,still bullish after the news no ,, it was no longer bullish after it dropped thru the m30 200 ,,think of the red and blue trendline breaks That Ata has graciously shared ,, ,,if you want to get into the steep trendline breaks on the M5 ,,see if it is above the m1 200 or m5 200 ,, many different tools to get the same answers ,,went all the way from a weekly high to what ? a weekly low area . How much sleep does one to deprive themsleves of or how long does one really need to stare at screens when a few simple little things can tell one what they should be looking for in the here and now at the moment they are sitting in front of their cp ,,how much micro and macro bs does one have to sort thru to see what one should be looking for in the here and now when they get a chance to look at a charts ,,sure as hell dont have to do much guessing ,,maybe some waiting which is what ? patience, see if a level holds or not ,, your always gonna have a previous high or low to look at for it to fall from or gather itself up from ,,just firing a position off becuase you think this or that is a recipe for disaster ,,Moty you come to mind lol,, showing a little scpec in time that matches what you are thinking or one little camel hump in an indi for a little spec of time ,,,sorry man ,,, you want to lobb a big one on then your ideal place with a tight stop would be the m30 200 ,,may save you from sitting underwater for days and days ,,shoot for the last weekly high or the last week low which ever way the mkt happens to be going at the time any rate ,,, mkt open is ticking closer lol,, enjoy the rest of your weekend traders 
- #48,809
- Sep 29, 2018 7:14pm Sep 29, 2018 7:14pm
- Joined Mar 2017 | Status: Working smart and hard | 2,949 Posts
This is not investment/trading advise. Will not hold accountable for loss
- #48,810
- Sep 29, 2018 7:54pm Sep 29, 2018 7:54pm
- Joined Mar 2017 | Status: Working smart and hard | 2,949 Posts
{quote} Im not going to get provoked by your comment. I hope you don't only see that particular trade. Anyway thanks for your attention on my trades.
Trade closed with -7pips loss as im a responsible traders and wont allow it to risk my winning streak positions
thank you for your attention
This is not investment/trading advise. Will not hold accountable for loss
- #48,812
- Sep 30, 2018 5:56am Sep 30, 2018 5:56am
- Joined Mar 2017 | Status: Impeccable | 2,829 Posts
{quote} The problem with his strategy is that theoretically if there are 100 traders use his strategy, then there are maybe 100 different trend lines... for sure out of those 100 trendlines, only Ata’s is the correct one. Furthermore this strategy works when you backtest it on the past, but when you forward test it its another story. Yeah sure you see hundreds of pips in the past, but did you take it or did Ata took it before you all knew it? As far as i know he was bullish at that point.... fyi i took those trades and took at least 100 pips of...
Inserted Video
Self discipline It is a practice
- #48,813
- Sep 30, 2018 5:57am Sep 30, 2018 5:57am
- Joined Sep 2017 | Status: Trader | 4,361 Posts
EurUsd H4 and Daily{image}{image} http://forex.today/eurusd-h4-analysis-29-aug-2018/
Cheers
Trade to trade another day
- #48,815
- Sep 30, 2018 6:15am Sep 30, 2018 6:15am
- Joined Mar 2017 | Status: Working smart and hard | 2,949 Posts
{quote} My dear friend, Glad to know u made 100 pips profits. Also I know 1 other trader that can make 100% in 1 trade setup which is Mighty Moty. This week for me was ok. I am also sure many other traders are great but silent. I would stress that Ata’s method works with a little experience. U can never make an EA out of it as to trade Ata's system u need a little skill on when to take the setup. As for me I remain to stay humble and respect the EURUSD BEAST. All the best this coming week with your Trade.
This is not investment/trading advise. Will not hold accountable for loss
- #48,816
- Sep 30, 2018 6:16am Sep 30, 2018 6:16am
{quote} Hi Arasheed, I see you are using Wyatt's pivots. A guy that posted on FF for a short while and then disappeared. Pure gold this indicator is. Look at how those daily pivots start moving up or down and then look for an entry at the future pivot. Pure gold
However can we have this Wyatt's pivots Indicator some how? Guide if you can find.
Thanks
- #48,817
- Sep 30, 2018 6:24am Sep 30, 2018 6:24am
- Joined May 2014 | Status: Full Time Trader | 27,148 Posts
Focus only on what truly matters!
- #48,818
- Sep 30, 2018 6:26am Sep 30, 2018 6:26am
- Joined Sep 2017 | Status: Trader | 4,361 Posts
Trade to trade another day
- #48,820
- Edited 6:59am Sep 30, 2018 6:48am | Edited 6:59am
- Joined Mar 2017 | Status: Working smart and hard | 2,949 Posts
This is not investment/trading advise. Will not hold accountable for loss