General Trading Chat / Ideas

Quoting digger1

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but if you look from right to left on any damn chart ,, anything look any different from one period to another ,, nope ,, which means the mkt is gonna do the same shit the same way it always does ,,, find a way to harness tht ,,not fight tht ,, and you will do very well ,, usually means dropping a lot of the normal trading jargon bullshit lol

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Quoting digger1

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Broke the low I "THINK" its going down now,,,highs ,,it broke the high I "THINK" its going up now,, thts how one buys high or sells lows

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Quoting Oc6oph

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{quote} I mostly use technical analysis for forex. I focus mostly on fractals. EURUSD broke a H4 fractal so I’d look to short on H4. But on daily chart it broke a daily fractal to the upside. Gets confusing looking at different time frames {image}

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Quoting bulltrap

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{quote} Great quote, following trends can be the most effective way to trade... but you can't be skittish about committing to the trend. If you wait until some record high or low is broken you probably waited too long.

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Quoting dkrock

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{quote} Hello. I just saw this thread, so I might come here from time to time to see how it is going. I am not sure if you are an economist or a trader, since you use s/r and do a lot of talking/guessing, but I see you use some strange moving averages, so I thought I would offer you a tool. This is from TrueTL, http://www.truetl.com/ which I am not a part of their business, but they have interesting tools some people might find useful. Good Luck with whatever it is you are doing. {file}

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Quoting dkrock

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{quote} I understand. It is because you didn't do any analysis to prove the 200 MA means anything. It doesn't. You just made it up. So, that is why I have that opinion. All good though. I don't trade like you, and never will, so you have to do what you think is best for you. The indicator I sent you is multi-time frame with interpolation. That means if you ever decide to match moving averages across multiple time frames, instead of making them up, you can see the higher one on a lower chart in real time. Good Luck.

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Quoting Oc6oph

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Sometimes I can see the names of these invisible people. Wonder why they’re trying to be invisible

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Quoting dkrock

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A time frame is just a time frame. They all trade the same. They differ in frequency of trades and range from high to low. So, if you have a moving average that signals your trade on one time frame, it also signals your trade on other time frames. Therefore, if you compare the same moving average across two time frames, you can find profitable trades. Support/resistance is connecting highs and lows of trades that no longer exist. The traders in the new trade have different names, different amounts of risk, and different reasons for entering/exiting...

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Quoting dkrock

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{quote} I can only give advice to a certain point because I do not trade support/resistance. I saw you had moving averages on your chart, and I am an expert on moving averages. It is only advice. Again, you have to do what you think is best, but I thought I would offer a suggestion to help improve your chart. I also would never trade a Daily, Weekly, or Monthly chart. It is ridiculous to me, since I know a time frame is just a time frame, so I can make about 200% more pips trading lower charts than Daily charts. We have quite a few differences in...

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Quoting digger1

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Well wht the hell ,, was I talking to myself ,, damn I always like learning shit ,, there is a way to do it I just never have on these ensign charts ,, there is a way to set them up so a even daily 200 appears in right spot on a very short chart ,, may have been some of what he was referring too ,, but averages just a bit of a guide for where follow thru comes in ,, good ones are always close to good levels tho

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Quoting Jp1

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{quote} Never trust people who preach and dont back it up!

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Quoting digger1

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{quote} well a chart or two helps ,, but ya just out the blue ,,, least I have my " historical charts I doctor up on week ends for ya all ,,, man a little reviewing of a few posts may make a difference at times too

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