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General Trading Chat / Ideas

  • #7,561
  • Sep 7, 2019 9:58am Sep 7, 2019 9:58am
Quoting PokerChip
(This is how I trade). I wait until I see what I call railroad tracks, this is when the pair contracts and runs horizontal. When the pair breaks out of the blue box area. I use the 4 hour chart to tell me what direction the pair is headed and I use the 15 minute chart for the entry. The blue box area is the beginning of a cycle, then the second phase is the jail break. If the four hour chart tells you the pair is going down then you wait until the jail break a lot of times the pair will make a fake out move to the wrong direction. You need to wait...
Interesting! Is that your own method created?
Only an idiot knows with certainty to where the market is going.
  • #7,562
  • Sep 7, 2019 10:05am Sep 7, 2019 10:05am
Quoting MrBullBear
{quote} Interesting! Is that your own method created?
just wondering why rail road tracks there are loads strong reversol candle patterns i use this myself im not knocking it just wondering why this candle formation in perticulaur i call it train tracks dont know why lol
Turn your wounds into wisdom
  • #7,563
  • Sep 7, 2019 10:08am Sep 7, 2019 10:08am
i have a favourit also but its rare its called rising 3 formating for bullish falling 3 for bearsh
Turn your wounds into wisdom
  • #7,564
  • Sep 7, 2019 10:28am Sep 7, 2019 10:28am
im not buying it but i think it might rally maybe 1.11 might get new low first maybe 1.090 just thoughts nothing more
i do like the daily lower low swing wicks around 61.8 and back through 50 for shorts but im saying out of this one
Turn your wounds into wisdom
  • #7,565
  • Sep 7, 2019 11:10am Sep 7, 2019 11:10am
Quoting Bk55
{quote} just wondering why rail road tracks there are loads strong reversol candle patterns i use this myself im not knocking it just wondering why this candle formation in perticulaur i call it train tracks dont know why lol
Its the blue box im curious.
Only an idiot knows with certainty to where the market is going.
  • #7,566
  • Sep 7, 2019 11:11am Sep 7, 2019 11:11am
Quoting MrBullBear
{quote} Interesting! Is that your own method created?
Yeah, I've working on it for a few years now. It seems the market manipulators have a common foot step that they leave on all the currency pair charts. My strategy works on crude oil as well. This is how it works. And you can look on the chart as well to follow along. There's a three phase cycle,(1) the beginning, which is a contracting horizontal range period (2) the fake out, (3) then the run, and what I mean by this is where the pair it will run it's true course after they had a lot of traders trapped going the opposite direction. This is also where you make the profit, this third phase will run until it starts to contract again then you know it's over. And when it goes into contracting phase the process starts all over again. I came up with after being introduced to forex by a friend of mine and losing a considerable amount of money. And this is what I came up with. It will work on any time frame. I call it " The Jail Break System ". Once you see the pattern you can't stop seeing it on a chart. Once the pair leaves the blue box you start to get a idea of where its headed. I also use the stoch 24,6,3 that helps. The system works well for me.
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Patience, let the trade come to you.
  • #7,567
  • Sep 7, 2019 11:16am Sep 7, 2019 11:16am
Quoting PokerChip
{quote} Yeah, I've working on it for a few years now. It seems the market manipulators have a common foot step that they leave on all the currency pair charts. My strategy works on crude oil as well. This is how it works. And you can look on the chart as well to follow along. There's a three phase cycle,(1) the beginning, which is a contracting horizontal range period (2) the fake out, (3) then the run, and what I mean by this is where the pair it will run it's true course after they had a lot of traders trapped going the opposite direction. This...
Do you manually input the blue box or pre programmed with the system and appears automatically with the situation.
Only an idiot knows with certainty to where the market is going.
  • #7,568
  • Edited 12:11pm Sep 7, 2019 11:43am | Edited 12:11pm
Quoting MrBullBear
{quote} Do you manually input the blue box or pre programmed with the system and appears automatically with the situation.
I draw the blue box myself. If you find a pair that you like to trade go through the time frames like look at the four hour and if it's to crazy drop down to the one hour and the chart will more than likely come into focus then draw the box and go to the fifteen minute chart and make the entry to sell or buy. I uploaded the USD/CAD so you can have another look at a different pair. It takes time, but once you see where the blue box goes you can't help not see it on any chart. If the four hour chart is dropping then you know the fifteen minute is as well. As for the USD/CAD right now it's still dropping and it will keep on dropping until it starts to contract in a smaller range that can fit inside of a blue box.
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Patience, let the trade come to you.
  • #7,569
  • Sep 7, 2019 11:47am Sep 7, 2019 11:47am
Indeed ,, common foot print ,, its called trading ,, shit happens at previous highs and previous lows and shoulder levels ,,lets be clear ,, there is no magic or mystic ,,its buying or selling ,, levels hold or they fold ,, nothing more nothing less ,,, be it gold ,, be it oil ,, be it the eur ,the dollar or the gbp be it whatever ,, the same culprit levels are always in play ,,
  • #7,570
  • Sep 7, 2019 12:03pm Sep 7, 2019 12:03pm
Whether its a daily a 4 hour or an hourly ,, same shit different instrument ,,draw a few lines ,, see a few patterns look at a few levels and those boxes ya see in your mind they dont need to drawn because you see it in price ,,kinda looks like a high a low and a mid point and the wp well shit aint even gotta draw tht the chart will put it there for you ,, roll with the mkt collect and on to the next one ,,no magic ,, no mystic ,, no mystery ,,levels ,, ya buy em ya sellem or you tgt them ,, doing it with mkt pays ,,fighting it not so much but you can still squeak by if ya do from the right level and keep a tight stop lol
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  • #7,571
  • Sep 7, 2019 12:11pm Sep 7, 2019 12:11pm
Not knocking ya pokerchip , thts what you use to see it ,, and it pays ya ,,thts what matters ,,, but to make it sound a bit like manipulation,, or its being done in a different way thn it ever is eeeh ,, its the mkts of course they are manipulated,, by buyers or sellers lol,, nothing more nothing less the railroad tracks ,, call it this call it tht call it what the fuck ever ,, give it any fancy term one wants to ,, the basic fact is ,, its buying or selling at a level to get to the next level ,, it is a chess match or oil and other things are traded thts it
  • #7,572
  • Sep 7, 2019 4:35pm Sep 7, 2019 4:35pm
Bull bear ,, I know you are busy bud ,, rolling your sleeves up a bit and drawing a few lines ,, as said before you will surprise yourself ,, aint gonna lie ,, it aint easy , even harder when one has a bunch of goofy shit to unlearn ,,, , and it will take more than just your 2 favorite charts ,,, you still need to see whats happening on a daily chart ,, tht is the big boy scalping chart ,, from there down ,, dont matter much ,,, its what ever you get the most practice with or wht things look the most familiar too you ,, you like the m5 for a small time frame ,, it is a great chart ,, one can get a bit lost or so engrossed in the bottom or top of it to get behind the eight ball pretty easy tho ,, ya also have to remember the bigger picture ,, just gonna post the daily,, which we yaked about tht candle where the pattern showed up ,, then the hourly then your m5 with the same shit on them ,, one can get into a scaling issue rather quickly as you will see ,, levels dont change tho ,, the way the chart looks changes drastically tho eur just revolved around weekly pivot Friday ,, tested support ,, didnt test the high ,,, got sold before it got there ,, should tell one something ,,, fun was interrupted by the weekend ,, if it wasent the weekend , the ole eod came here ,, now its not to much till frankie and london fire up ,, same as everyday it did finish friday lower than it started the day ,, and its back sitting basically on support but under pivot ,, thts what we know
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  • #7,573
  • Sep 7, 2019 4:39pm Sep 7, 2019 4:39pm
Quoting PokerChip
{quote} Yeah, I've working on it for a few years now. It seems the market manipulators have a common foot step that they leave on all the currency pair charts. My strategy works on crude oil as well. This is how it works. And you can look on the chart as well to follow along. There's a three phase cycle,(1) the beginning, which is a contracting horizontal range period (2) the fake out, (3) then the run, and what I mean by this is where the pair it will run it's true course after they had a lot of traders trapped going the opposite direction. This...

This ow very similar to my open range system .. plot high and low first 30 min of London or us market on indexes oil and gold and wait for the break .. works like magic no guessing required
Blogging daily now at www.volume.zone
  • #7,574
  • Sep 7, 2019 4:50pm Sep 7, 2019 4:50pm
Now ya know what the pattern was ,,, ya know where its at on daily ,, you have a couple levels to work with ,, ,, ,, you know where support is ,, even if ya didnt take the long off support ,, you knew where to start to take your profit and ya got a good chunk of what the day offered ,,, every trade isint gonna go 400 or 500 pips ,,, but the mkt will cough up tht many regardless ,, and chances ar are pretty fucking good you will be sitting the right way to gain some pretty big portions of tht when it does go ,,,, ,,nobody likes indis ,, they just follow price ,, yep sure do ,, but its how they follow ,, and knowing where you better take some profit or tighten a stop or get ready for a trip back where it came from ,,but its good too know what you have to work with and a good idea when you will get more to work with lol ,, same m5 chart ,, then a m15 with same shit on it ,, did the m5 change anything other than maybe have ya geared up a bit early or for tht matter a bit late
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  • #7,575
  • Sep 7, 2019 4:54pm Sep 7, 2019 4:54pm
Quoting malcolmb14
{quote} This ow very similar to my open range system .. plot high and low first 30 min of London or us market on indexes oil and gold and wait for the break .. works like magic no guessing required
Yo old pal ,, hard to get across all this shit is the same shit ,, it still comes down to whether something is getting bought or sold ,, nothing more to it so it may as well be as simple as one can make it
  • #7,576
  • Sep 7, 2019 4:56pm Sep 7, 2019 4:56pm
Quoting malcolmb14
{quote} This ow very similar to my open range system .. plot high and low first 30 min of London or us market on indexes oil and gold and wait for the break .. works like magic no guessing required
You still traveling the world or where the hell ya at now lol ?
  • #7,577
  • Sep 7, 2019 5:13pm Sep 7, 2019 5:13pm
morning digs, got up late this morn sun shining and i thought what a day then while having bacon and eggs it got cold and raining again well i cant win them all
people leave, but this thread will go on for ever
  • #7,578
  • Sep 7, 2019 5:14pm Sep 7, 2019 5:14pm
Quoting digger1
Bull bear ,, I know you are busy bud ,, rolling your sleeves up a bit and drawing a few lines ,, as said before you will surprise yourself ,, aint gonna lie ,, it aint easy , even harder when one has a bunch of goofy shit to unlearn ,,, , and it will take more than just your 2 favorite charts ,,, you still need to see whats happening on a daily chart ,, tht is the big boy scalping chart ,, from there down ,, dont matter much ,,, its what ever you get the most practice with or wht things look the most familiar too you ,, you like the m5 for a small...
Honestly, when I burned through a pile of my own money, a small fortune to some. I stopped believing in support and resistance lines. I once believed in support and resistance but not anymore. If they work for someone else that's great. But, they didn't work for me then and I'll never use them again. You see it took me years to figure out a system that I can use against those banks so I can take my money back. I needed a system that worked against the banks but for me at the same time. What I know is this, I let the banks set the course of uncertainty. I wait for them to trap unknowing traders that have little knowledge for what awaits them. And after the banks have them trapped and then the banks make they're move to the other direction I move in to buy or sell a pair and ride that pair until it goes into a horizontal range then I know the ride is over. This happens everyday the market trades. You see the banks use these so called support and resistance lines against traders so they can run up or down and grab the (SL) stop loses and then resume back the other way. And that's one of the ways the banks make money against traders. Do I use a stop lose ? answer: nope. The banks use news against traders to trap traders then go back to normal standard operations. Ask yourself if the pair USD/CAD that has 70% bearish traders and 30% bullish traders who do you think they're going to go after ? Naturally the 70% bearish. Nothing is perfect in trading, but I'll keep using my jail break system against the banks and get my money back with interest.
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Patience, let the trade come to you.
  • #7,579
  • Sep 7, 2019 5:38pm Sep 7, 2019 5:38pm
Quoting Aussi
morning digs, got up late this morn sun shining and i thought what a day then while having bacon and eggs it got cold and raining again well i cant win them all
I hear ya bud ,, lol, ah just the way cookie crumbles sometimes man
  • #7,580
  • Edited 6:13pm Sep 7, 2019 5:43pm | Edited 6:13pm
traders are only trapped if they are fucking stupid enough not to look at the damn signs ,aint got nothing to do with what the bank is doing ,, sure does make for a good excuse tho , and yes ,, a few lines points nothing out ,,, sorry man ,, its nothing other than what it is,,, plain and simple one can pull up any damn pair they want you are gonna see the same shit the same way and on top of it ,, ya make it sound like one only has one choice or one is locked in once a choice is made lol,, there are 3 choices flat ,, long or sht ,,, and tht can be accomplished in milli seconds ,,,ring up the next pair ,, we can do this shit till cum quats in bum fuck Egypt is covered ,
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