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  • #21
  • Jun 4, 2021 11:38pm Jun 4, 2021 11:38pm
Quoting roddy321
Hi genghistar why don`t you just tell roccor what he needs to know. don`t talk in riddles just needs the info or is that to hard for you. this forum is to help ppl if your Here to help that`s great. but if your here to babble on with no clear info on trading what`s the point in opening this thread.
Hi Roddy,
I am in no position to tell others what they need to know other than knowing what I need to know as described in my first post. Beside I don't know what he knows or don't know, he may very well know better than what I know.
I am here to share my experiences and if you find that babbling then pls excuse me if you think so and I can't help you on that.

Cheers.
  • #22
  • Jun 5, 2021 12:26am Jun 5, 2021 12:26am
Hi there

what do you mean by fixed value, do you mean a metric such as a "candle close" or "open price", "round number" etc?

for you looking back and how you arrived where you are now, what sort of process would you recommend to someone else to start a process and put them on track to consistency?

the one thing i have struggled with now for so long is my stop loss, almost every entry gets hit, at either a BE or an r;r of over 1;2,

thanks
  • #23
  • Jun 5, 2021 1:36am Jun 5, 2021 1:36am
Quoting asset21
Hi there what do you mean by fixed value, do you mean a metric such as a "candle close" or "open price", "round number" etc? for you looking back and how you arrived where you are now, what sort of process would you recommend to someone else to start a process and put them on track to consistency? the one thing i have struggled with now for so long is my stop loss, almost every entry gets hit, at either a BE or an r;r of over 1;2, thanks
Chk yr PM.
  • #24
  • Jun 5, 2021 1:52am Jun 5, 2021 1:52am
Quoting genghistar
{quote} Hi Like I mentioned in my earlier post there are fixed value coupled with this MA that will give the answer to all the 3 metrics. I am not inclined to reveal all the value now or any time later. To all those aspiring and serious forex trader wannabes, once you know your limitations and needed more to improve, an ANSWER is always found in a SMART question. Learn to ask and frame your question intelligently. Cheers and good luck.
Hello Genghistar
Thank you for starting a thread to help other traders and guide us on the path to trading success.

I do see your point about the 150 ema on a 30 min chart. Would you elaborate on how you use that EMA to analyse your trading opportunities? because just having a 20, 50 or a 200 ema on the chart does not give you any insight on how and when to place your next trade, in which direction. Can you please explain the analysis process? Also.. the fixed values, is it anything like the daily range or any percentage of value moved per day? your input is much appreciated. Thank you
  • #25
  • Jun 5, 2021 2:21am Jun 5, 2021 2:21am
Quoting vinforex7
{quote} Hello Genghistar Thank you for starting a thread to help other traders and guide us on the path to trading success. I do see your point about the 150 ema on a 30 min chart. Would you elaborate on how you use that EMA to analyse your trading opportunities? because just having a 20, 50 or a 200 ema on the chart does not give you any insight on how and when to place your next trade, in which direction. Can you please explain the analysis process? Also.. the fixed values, is it anything like the daily range or any percentage of value moved per...
I use it as the Centre Pivot point for EU and use the number of pip values the PA moves away from it to determine directions, entry, stop and exit.
Each different Pairs has a different fixed specific price values (unlike normal Pivot dynamic values) to determine scalping, intraday, short term and midterm PA. MA is different too.
If you are a seasoned trader you will know how to use other metric to work around this MA and soon things will just fall in places.
Hope it helps.

Cheers.
  • #26
  • Jun 7, 2021 6:41am Jun 7, 2021 6:41am
Quoting genghistar
{quote} Hi Roccor, First you must know about yourself your weakness and your strength then you plan to build a chart to suit your strength and your temperament so that you are able to follow the price actions. I have wrote about how I did it maybe you can do the same too. I may be able to help you along if you ask me specific question. If you are totally new to forex then go to Babypips to learn the basic and come back later afterward. Good luck. Cheers
ive been trading forex for almost 6 months now so wouldn't consider myself a total beginner.
just explain however you want
You miss 100% of the shots you don't take
  • #27
  • Jun 8, 2021 7:01am Jun 8, 2021 7:01am
Hello Genghistar,

Thanks for posting you idea's how to trade EURUSD and AUDUSD.

Are these numbers somewhere near your values, they are calculated fron where the average price goes to, in percentage terms and converted to pip value.

EURUSD, Average is normally: 0.35% and Average maximum normally 0.55%, converted into pips, the value is 42 pips.
AUDUSD, Average is normally: 0.53% and Average maximum normally 0.87%, converted into pips, the value is 27 pips.


Regards

Asw
Attached Image (click to enlarge)
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File Type: ex4 150 Ema.ex4   13 KB | 393 downloads
  • #28
  • Jun 8, 2021 8:26pm Jun 8, 2021 8:26pm
Mr Genghistar, it looks like your forecast didn't hold up. Thoughts?


Quoting genghistar
Alright since I have more time today I am going to see what my chart is telling me about the current EU Price action. EU is now in a retracement mode in the bull market. Last price closed 12188. This indicates price is still in retracement mode unless it climb past 12218 and stay above 12190 next week. If retracement is still on the next level to watch is around 12125 before it bounces up again. Bull trend will be intact unless for some very unlikely event, price went lower than 12080. Then trend will turn s/t bear. This is my chart analysis going...
  • #29
  • Jun 8, 2021 10:56pm Jun 8, 2021 10:56pm
Quoting forexdave1
Mr Genghistar, it looks like your forecast didn't hold up. Thoughts? {quote}
Hi,
I wrote in my forecast on 31 May which said if PA break 12218 and 12190 holds. Apparently the price broke but the floor didn't hold. Then if you continue to read and understand the rests, it was actually spot on.
Being right or wrong isn't the most important but having to post all the key levels beforehand requires knowledge and testicular fortitude and very few is willing to do that in FF. I am trying to encourage that spirit of making calls beforehand rather than the 20/20 calls which is seen very often everywhere here.
I don't think I can get more people to make the call that I did because if there were then we can all exchange ideas and witness which methodology merits the best attention to trade successfully and profit from it.
Anyway so far the response for that endeavor is poor and I am actually consider to send this thread to the bin shortly.
Meanwhile I hope you every success in whatever you seek to do in the right spirit.

Cheers
  • #30
  • Jun 9, 2021 8:21pm Jun 9, 2021 8:21pm
Hello, Mr Genghistar,
Thank you for creating this thread. Can you explain what you mean by "Then if you continue to read and understand the rests, it was actually spot on."
I am honestly trying to absorb everything you are typing.
david


Quoting genghistar
{quote} Hi, I wrote in my forecast on 31 May which said if PA break 12218 and 12190 holds. Apparently the price broke but the floor didn't hold. Then if you continue to read and understand the rests, it was actually spot on. Being right or wrong isn't the most important but having to post all the key levels beforehand requires knowledge and testicular fortitude and very few is willing to do that in FF. I am trying to encourage that spirit of making calls beforehand rather than the 20/20 calls which is seen very often everywhere here. I don't think...
  • #31
  • Jun 9, 2021 10:01pm Jun 9, 2021 10:01pm
Quoting forexdave1
Hello, Mr Genghistar, Thank you for creating this thread. Can you explain what you mean by "Then if you continue to read and understand the rests, it was actually spot on." I am honestly trying to absorb everything you are typing. david {quote}
Hi David,
I apologised for not making myself clearer.
My method is actually predicated on the Breach and Hold method. All key price levels will be breached somehow and sometimes and for the price to move further up or down after breaching those KEY levels is contingent on whether the support hold it up/down after it's breached. True Breakouts/Breakdowns happens only 20% of the time. 80% is in holding or ranging mode either in intraday bull or bearish territory.
Trading in all those market conditions can be very lucrative both ways for those who can read and follow the PA correctly. But those who follow the trend will make more with lesser risks then those contra trend traders which is predominant with most traders here in FF.
So my read is always on IF, AND and THEN metric in describing the PA movements in Intraday Settings.
Hopefully I make myself clearer assuming you are a seasoned trader.

Cheers.
GS.
  • #32
  • Jun 10, 2021 2:01am Jun 10, 2021 2:01am
Interested to see how this thread develops. You'll need to continue to post charts to verify what you are saying. It is important there is evidence of how well your method works
  • #33
  • Edited 8:03pm Jun 10, 2021 7:28pm | Edited 8:03pm
Interesting what is going on with EU right now. A period of consolidation around 1.218. Would you call this a KEY level? Price seems centered, it can go up 175 pips or down 175 pips and would you consider those areas KEY levels? Higher TFs with the ema150 are telling me to go short.
Thoughts?

THANK YOU!!!
  • #34
  • Jun 10, 2021 10:53pm Jun 10, 2021 10:53pm
Quoting forexdave1
Interesting what is going on with EU right now. A period of consolidation around 1.218. Would you call this a KEY level? Price seems centered, it can go up 175 pips or down 175 pips and would you consider those areas KEY levels? Higher TFs with the ema150 are telling me to go short. Thoughts? THANK YOU!!!
The key level for intraday bear is 12130 and as long as this level hold then it bullish in a retracement mode. The next key is 12220 and if breached and 12190 holds then PA is going higher for the next key at 12295 and 12325.
Key levels are dynamic and fluid as PA make higher high or lower low.

Cheers.
  • #35
  • Jun 11, 2021 2:40am Jun 11, 2021 2:40am
Genghistar, thanks for putting together an informative thread like this. I have been on FF for many years and this thread is one among very scarce number of threads that has content of value.

I implore you to ignore some incorrigible folks here who think they are entitled to your trading knowledge while they lazily expect to be spoon fed. Already, you have dropped gems of knowledge that any serious minded person or anyone with the drive to succeed will explore to chart their path to success in trading.

It would be a deep loss if you bin this thread. Happy trading.
Fred
  • #36
  • Jun 12, 2021 1:15am Jun 12, 2021 1:15am
EU 30min Chart. finally..Added 2 sd for easy ref..
Attached Image
  • #37
  • Jun 12, 2021 7:34pm Jun 12, 2021 7:34pm
Been trading forex for a little over a year and its been immensely lonely. And that's a understatement lmao. I started watching gurus on YouTube but after awhile you just realize that consuming that information is counterintuitive. The best information I've gotten was through the Market Wizard Books. Mark Weinstein, Ed Seykota, Richard Dennis, William Eckhardt, Gary bielfeldt. Im definitely missing some but these had the most impact on (me). All the things I do in my current trading falls inline with everything they said. The Most Simple but most useful being the trend is your friend.

ps. All those traders are system traders (which I am also).
  • #38
  • Jun 13, 2021 5:21am Jun 13, 2021 5:21am
More chart AU...
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  • #39
  • Jun 13, 2021 7:50pm Jun 13, 2021 7:50pm
Quoting genghistar
EU 30min Chart. finally..Added 2 sd for easy ref.. {image}
Now that I have somehow managed to put up some charts, I wish to expand further on my experience on how I use those chart to craft my trading methology.
You will noticed that I use both fixed price level/value and MA.
1. Price level/value is for me to follow the PA to the nearest pip to determine key price levels, topping/bottoming, pullback, retracement and most optimal entry and emergency stop.
2. MA is to help me determine depth, intraday trend change, profit range/exit, market conditions whether ranging or accelerating and also breakouts/ fake heads.

So basically I believe I have the whole spectrum of PA for me to follow and trade accordingly.
Perhaps there may be some who may like to point out if there is any way where I could further improve my method of which I will really appreciate.
So that's my trading method and going forward I may drop in to answer some pertinent questions or give my takes on the prevailing market conditions from time to time and green pips to all.

Cheers.
  • #40
  • Jun 15, 2021 11:47pm Jun 15, 2021 11:47pm
Quoting genghistar
{quote} Now that I have somehow managed to put up some charts, I wish to expand further on my experience on how I use those chart to craft my trading methology. You will noticed that I use both fixed price level/value and MA. 1. Price level/value is for me to follow the PA to the nearest pip to determine key price levels, topping/bottoming, pullback, retracement and most optimal entry and emergency stop. 2. MA is to help me determine depth, intraday trend change, profit range/exit, market conditions whether ranging or accelerating and also breakouts/...
how did you derive the fixed levels?
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