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General Trading Chat / Ideas

  • #1,021
  • Jun 5, 2019 4:08pm Jun 5, 2019 4:08pm
Quoting Oc6oph
{quote} I didn’t measure it out on my computer but looks like on H4 on my phone. I thought it was going to at least 1.1320 before coming down
Thts twice this week now ,, lol,, just saying
  • #1,022
  • Jun 5, 2019 4:09pm Jun 5, 2019 4:09pm
Quoting digger1
{quote} Thts twice this week now ,, lol,, just saying
I know I thought it would at least get to 61.8 got about 15 pips from it today
ex nihilo
  • #1,023
  • Jun 5, 2019 4:11pm Jun 5, 2019 4:11pm
Quoting Oc6oph
{quote} I know I thought it would at least get to 61.8 got about 15 pips from it today
Lol,, your killing me man ,, ha,,the mkt gave ya some levels ,, dont worry bout them fibs ,, you can work and line one of em up with it later just to say I told everybody so
  • #1,024
  • Jun 5, 2019 4:16pm Jun 5, 2019 4:16pm
Quoting Oc6oph
{quote} I thought it was going to at least 1.1320 before coming down
LOL I learned early on that one of the basic tenets of SFT is do what the chart says to do. The market doesn't give two shits about what we THINK it is going to do... and it's hard to unlearn that type of thing because we've all learned the wrong way to do it from the very get-go.

Amazing how many times I have looked back at my charts and seen places where I should have... could have... done what they were telling me to do, but I crashed and burned because I THOUGHT it was going to do something else.

Once you get past that obstacle, the next is... understanding what the chart is telling you to do. That's where I'm at. It's like learning a new language. Not easy but starting to pick out words and phrases here and there that make sense. I figure if I keep at it long enough I'll eventually become fluent.. but right now I feel like I am speaking this language on the level of an infant LOL... dada, mama, puppy...
  • #1,025
  • Jun 5, 2019 4:21pm Jun 5, 2019 4:21pm
Quoting digger1
{quote} Lol,, your killing me man ,, ha,,the mkt gave ya some levels ,, dont worry bout them fibs ,, you can work and line one of em up with it later just to say I told everybody so
I still might be able to get a decent entry of 1.1260 if it retraces some on H4
ex nihilo
  • #1,026
  • Jun 5, 2019 4:21pm Jun 5, 2019 4:21pm
Quoting Rrrracer
{quote} LOL I learned early on that one of the basic tenets of SFT is do what the chart says to do. The market doesn't give two shits about what we THINK it is going to do... and it's hard to unlearn that type of thing because we've all learned the wrong way to do it from the very get-go. Amazing how many times I have looked back at my charts and seen places where I should have... could have... done what they were telling me to do, but I crashed and burned because I thought it was going to do something else. Once you get past that obstacle, the...
Lol,, yep ,, it is learning all over again for sure,,plus unlearning some bad shit on the way
  • #1,027
  • Jun 5, 2019 5:26pm Jun 5, 2019 5:26pm
Fortunately we have a patient teacher.

This bourbon tastes amazing
  • #1,028
  • Jun 5, 2019 5:30pm Jun 5, 2019 5:30pm
Quoting Rrrracer
Fortunately we have a patient teacher. This bourbon tastes amazing
Lol,, nah ,, just trying to save some some time ,, as stated ,, tf do I know bout this high flying financial world ,, grease under my finger nails ,, mud and cowshit on my boots ,,I is just a farmer ,, lol
  • #1,029
  • Jun 5, 2019 5:36pm Jun 5, 2019 5:36pm
Finally starting to till and plant around these parts. Really late... who knows, might be all beans this year lol.

Nothing better than a good hard day's work... in the physical realm... we're building out an upstairs apartment in the 28x48x16' shop here... just got all the floor stuff delivered, maybe post some pics later. Appreciate the way you balance your day job with trading and being patient with all us noobs Digs, another fine art I have yet to learn (find myself spending too much time in front of the screen LOL.)
  • #1,030
  • Jun 5, 2019 5:36pm Jun 5, 2019 5:36pm
Quoting Rrrracer
{quote} LOL I learned early on that one of the basic tenets of SFT is do what the chart says to do. The market doesn't give two shits about what we THINK it is going to do... and it's hard to unlearn that type of thing because we've all learned the wrong way to do it from the very get-go. Amazing how many times I have looked back at my charts and seen places where I should have... could have... done what they were telling me to do, but I crashed and burned because I THOUGHT it was going to do something else. Once you get past that obstacle, the...
Look at John Murphy work for basic TA, then Al Brooks to translate basic TA in more details and to trade intraday.
Keep in mind Al trades the ES mini on the 5m, with forex I suggest not to base your trading on less than the 60m, also look at wyckoff work.

Wyckoff diligently explains accumulations and distributions (with his relative patterns) and trends in between, and the importance of relative strengths, he used to trade stocks, then you need to find a way to translate into currencies relative strength but with a knowledge of TA and PA you will get a sense of it.
trading is simple but is simple is not easy.
  • #1,031
  • Jun 5, 2019 5:46pm Jun 5, 2019 5:46pm
Quoting Rrrracer
Finally starting to till and plant around these parts. Really late... who knows, might be all beans this year lol. Nothing better than a good hard day's work... in the physical realm... we're building out an upstairs apartment in the 28x48x16' shop here... just got all the floor stuff delivered, maybe post some pics later. Appreciate the way you balance your day job with trading and being patient with all us noobs Digs, another fine art I have yet to learn (find myself spending too much time in front of the screen LOL.)
yea ,, had one little dry spot after not raining for 24 hours ,, mudded er in ,, been raining again ever since ,, mother nature just being very cruel atm ,, ,, jack daniels stock ought a be going up ,,just from me lol ,, but man with many just barely holding on its not a good situation ,, people contemplate things tht they shouldnt when it gets like this
  • #1,032
  • Jun 5, 2019 6:11pm Jun 5, 2019 6:11pm
Quoting digger1
{quote},, but man with many just barely holding on its not a good situation ,, people contemplate things tht they shouldnt when it gets like this
Totally understand, if one's livelihood is based on it then yeah... not very promising at the moment. Truly unfortunate that it is that way, no really good reason for it given all that we are capable of. Wish all those guys well, tough gig when the cards are stacked against you.

Not me man. I'm goddamn one step away from broke but life is fucking good. Hard work and diligence, I will find a way to make some shit happen. Not scared, just another challenge to rise up to and overcome.
  • #1,033
  • Jun 5, 2019 6:12pm Jun 5, 2019 6:12pm
cad yen ,, one we have yakked about ,, not much head way today ,, but it has held on ,, just for grins and chuckles lets see what transpires ,, 8 hour stoch flirting with 50 line
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  • #1,034
  • Jun 5, 2019 6:17pm Jun 5, 2019 6:17pm
and tht is about where tht 618 ext comes in at on longer chart
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  • #1,035
  • Jun 5, 2019 6:19pm Jun 5, 2019 6:19pm
Quoting digger1
cad yen ,, one we have yakked about ,, not much head way today ,, but it has held on ,, just for grins and chuckles lets see what transpires ,, 8 hour stoch flirting with 50 line {image}{image}
Im still holding longs take profit 82.70 I know that’s far. I it might bounce off of 80.40 if it gets there adding more longs there if it was to. Currently down 12 pips or so
ex nihilo
  • #1,036
  • Jun 5, 2019 6:27pm Jun 5, 2019 6:27pm
even tho the old school shit gets passed off as nonsense,,there is a reason it was used ,, and those things just as deadly today as ever when you start watching levels ,, they give some good clues about the where when the "when" stars happening ,, any body ever see a flag on any of my charts before ,,,lol ,,now when ya get a few things all pointing some where ,,, well see why ya do a little home work, not just watch price go up and down and THINKING this or tht as its happening
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  • #1,037
  • Jun 5, 2019 6:29pm Jun 5, 2019 6:29pm
doesnt mean its going to happen but ya know where your levels are and where the probability is stronger or the where the opportunity is gone
  • #1,038
  • Jun 5, 2019 6:31pm Jun 5, 2019 6:31pm
Quoting digger1
even tho the old school shit gets passed off as nonsense,,there is a reason it was used ,, and those things just as deadly today as ever when you start watching levels ,, they give some good clues about the where when the "when" stars happening ,, any body ever see a flag on any of my charts before ,,,lol ,,now when ya get a few things all pointing some where ,,, well see why ya do a little home work, not just watch price go up and down and THINKING this or tht as its happening {image}
It broke out of a tight area I’ve gotten hundreds of pips when this happens sometimes. A lot looked to have sold 80.50 are under water then more sells looks like they’ve come in at 81.00 are possibly going to be under water as well
ex nihilo
  • #1,039
  • Jun 5, 2019 6:32pm Jun 5, 2019 6:32pm
The last time it broke like this it went up 200 pips
ex nihilo
  • #1,040
  • Jun 5, 2019 6:36pm Jun 5, 2019 6:36pm
Quoting Oc6oph
{quote} It broke out of a tight area I’ve gotten hundreds of pips when this happens sometimes. A lot looked to have sold 80.50 are under water then more sells looks like they’ve come in at 81.00 are possibly going to be under water as well
just retailers lol,, low was broke its going to the basement ,,, ah maybe but not from here ,, previous lows or highs or just a touch beyond,,hardly ever a strait shot anywhere
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