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This is not rocket science; This is forex trading

  • #21
  • Oct 1, 2007 1:20pm Oct 1, 2007 1:20pm
Strangeguy

I understand some people here are simply at disbelieve with the simplicity of your strategy and your candid words

But I should say you're right on my friend

I discovered trend lines not too long ago and have mad a hug positive difference in my trading

Keep the good work!!

cheers
  • #22
  • Oct 1, 2007 1:56pm Oct 1, 2007 1:56pm
Hi All,
I removed my charts based on all the negative feedback sent to me via email and PM’s. I even considered closing the thread. Some were that I was just stupid (it will never work) and others hated me for giving away the “Holy Grail”. Others even accused me of misleading people.
Listen, what is the one tool that every charting application has? The ability to draw trend lines. This is not something new here. As I stated, this should be the first thing that every trader learns. It is not that hard. I have read several books over the past few years. Really good books are out there on the topic.
Next, if no one see’s those lines but you then the lines are no good at all. You have to work at it. You have to sometimes generalize what the masses see. But, if they are good, then you can certainly get a bounce of 10 pips at least or play the break of.
The trader that has responded with positive feedback, I thank you. It’s a shame that others are narrow.

Thanks,
StrangeGuy
  • #23
  • Oct 1, 2007 2:03pm Oct 1, 2007 2:03pm
Quoting StrangeGuy
Hi All,
I removed my charts based on all the negative feedback sent to me via email and PM’s. I even considered closing the thread. Some were that I was just stupid (it will never work) and others hated me for giving away the “Holy Grail”. Others even accused me of misleading people.
Listen, what is the one tool that every charting application has? The ability to draw trend lines. This is not something new here. As I stated, this should be the first thing that every trader learns. It is not that hard. I have read several books over the past few years. Really good books are out there on the topic.
Next, if no one see’s those lines but you then the lines are no good at all. You have to work at it. You have to sometimes generalize what the masses see. But, if they are good, then you can certainly get a bounce of 10 pips at least or play the break of.
The trader that has responded with positive feedback, I thank you. It’s a shame that others are narrow.

Thanks,
StrangeGuy
Hey I like yoru ideas, could you repost the charts please? If not kindly email them to me?
  • #24
  • Oct 1, 2007 2:10pm Oct 1, 2007 2:10pm
Quoting StrangeGuy
Hi All,
I removed my charts based on all the negative feedback sent to me via email and PM’s. I even considered closing the thread. Some were that I was just stupid (it will never work) and others hated me for giving away the “Holy Grail”. Others even accused me of misleading people.
Listen, what is the one tool that every charting application has? The ability to draw trend lines. This is not something new here. As I stated, this should be the first thing that every trader learns. It is not that hard. I have read several books over the past few years. Really good books are out there on the topic.
Next, if no one see’s those lines but you then the lines are no good at all. You have to work at it. You have to sometimes generalize what the masses see. But, if they are good, then you can certainly get a bounce of 10 pips at least or play the break of.
The trader that has responded with positive feedback, I thank you. It’s a shame that others are narrow.

Thanks,
StrangeGuy
Being a newbie trader (still demo'ing), I for one wish that you would put your charts back up here. I don't reject indicators (I've had good luck so far with PSAR, MACD, and RSI), but I want to learn all I can, including price action and trend lines. Hopefully you will reconsider your stance and ignore the naysayers. If your method works, the proof is in the pips!
  • #25
  • Oct 1, 2007 2:17pm Oct 1, 2007 2:17pm
Quoting StrangeGuy
Hi All,
I removed my charts based on all the negative feedback sent to me via email and PM’s. I even considered closing the thread. Some were that I was just stupid (it will never work) and others hated me for giving away the “Holy Grail”. Others even accused me of misleading people.
Listen, what is the one tool that every charting application has? The ability to draw trend lines. This is not something new here. As I stated, this should be the first thing that every trader learns. It is not that hard. I have read several books over the past few years. Really good books are out there on the topic.
Next, if no one see’s those lines but you then the lines are no good at all. You have to work at it. You have to sometimes generalize what the masses see. But, if they are good, then you can certainly get a bounce of 10 pips at least or play the break of.
The trader that has responded with positive feedback, I thank you. It’s a shame that others are narrow.

Thanks,
StrangeGuy
That's a shame, I liked the first post, if people are PM'ing you to let you know you are stupid, I would say put up or shut up!
The breaking of a wave cannot explain the whole sea.
  • #26
  • Oct 1, 2007 2:24pm Oct 1, 2007 2:24pm
I tell you what

don't close this thread. Those who are ranting at you are simply losers in my opinion. If they are blinded by your simplicity, you just wait at the other side of their losing trade to collect their money. Besides, you're not doing anything against forum rules

Trendlines work.

I vote for keeping this thread alive!
  • #27
  • Oct 1, 2007 2:47pm Oct 1, 2007 2:47pm
Ok, Strange Man!

This is a trading forum and as such you will never wow everybody over, regardless of how good your methods are. If people want to dis your trend lines they should at least have the balls to do it in your thread and explain why they are doing so. In the end what really matters is that you are making money by using your 'messy' trend lines.

Now pull up your boot straps, get back in line and tell us how and why you do it. But just one thing else. There are many traders who have spent a great deal of time trying different indicators/sytems/methods and when you tell them that what they are doing is worthless and crap and BS, and the best way is your way...well what did you expect?

BTW I still feel you have something here. I still use TLs just not exclusively.
  • #28
  • Oct 1, 2007 2:55pm Oct 1, 2007 2:55pm
I agree with the first post.If you draw trendlines you will be able to perform profitable trades.

But this is far away from the holy grail and will only work temporarily. EUR/USD is a bad example , currently we have an economical situation in which it is very clear what is going on with EUR and USD

But sooner or later this will change and people relying on their trendlines with EUR/USD are gonna be wiped out.This will happen as soon as the USD will start showing strength for a while.

and then they will be asking: what am I supposed to do? continue taking long positions , start taking short positions or even stop rading for a while?

The point is: people get wiped out on FX not because they are dumb or because they don't know how to trade (although there are many such people is well) but primarily because they trade within certain market conditions and become overconfident.Once the market conditions change these people's accounts will get seriously f*cked up

andrew
  • #29
  • Oct 1, 2007 2:57pm Oct 1, 2007 2:57pm
Quoting StrangeGuy
Hi All,
I removed my charts based on all the negative feedback sent to me via email and PM’s. I even considered closing the thread. Some were that I was just stupid (it will never work) and others hated me for giving away the “Holy Grail”. Others even accused me of misleading people.
Listen, what is the one tool that every charting application has? The ability to draw trend lines. This is not something new here. As I stated, this should be the first thing that every trader learns. It is not that hard. I have read several books over the past few years. Really good books are out there on the topic.
Next, if no one see’s those lines but you then the lines are no good at all. You have to work at it. You have to sometimes generalize what the masses see. But, if they are good, then you can certainly get a bounce of 10 pips at least or play the break of.
The trader that has responded with positive feedback, I thank you. It’s a shame that others are narrow.

Thanks,
StrangeGuy
Do not ask to close this thread !

It is very important for ppl to see that simple method in forex actually works.

I can't trade with trendline but i know for sure that other can and you can.

BUT... Trendline are exactly like indicators, they show the past and you assume the direction given by the past to continue in the future

You are using mainly only one indicator and the main point and very important information of you thread is that one type of indicator should sufficient to trade the market. Some trade only on cross of two MA, some other trade only with RSI, other only with CCI...

I use only 2 indicators, stochastics and BB (other indicators are just an helper to set my SL on long trend and BB are just here to acutally show me if a move is too strong to sustain)

Ignore ppl saying that you are stupid, you are not... But you denigrate works of other and that's probably why you got angry MP (they should have the balls to post on this thread )

Quoting fx_amateur
I agree with the first post.If you draw trendlines you will be able to perform profitable trades.

But this is far away from the holy grail and will only work temporarily. EUR/USD is a bad example , currently we have an economical situation in which it is very clear what is going on with EUR and USD

But sooner or later this will change and people relying on their trendlines with EUR/USD are gonna be wiped out.This will happen as soon as the USD will start showing strength for a while.

and then they will be asking: what am I supposed to do? continue taking long positions , start taking short positions or even stop rading for a while?

The point is: people get wiped out on FX not because they are dumb or because they don't know how to trade (although there are many such people is well) but primarily because they trade within certain market conditions and become overconfident.Once the market conditions change these people's accounts will get seriously f*cked up

andrew
Yes and no. Yes they will lose some trade when the trend reverses. If they have a proper MM, they will probably have one or two losing trade but working on the new trend should give profitable trade.
  • #30
  • Oct 1, 2007 3:06pm Oct 1, 2007 3:06pm
Well, I'm not the thread starter, but he does sound a lot like me, so here's a chart from me.

There are obviously more than just trendlines in this chart, but the main thing for me is how price reacts to the lines (price action at the lines). I know I could trade without any lines, but they help give me an extra edge. The main thing is trend and price action.
Attached Image (click to enlarge)
Click to Enlarge Name: bebop.gif Size: 38 KB
  • #31
  • Oct 1, 2007 3:13pm Oct 1, 2007 3:13pm
Quoting bebop
Well, I'm not the thread starter, but he does sound a lot like me, so here's a chart from me.

There are obviously more than just trendlines in this chart, but the main thing for me is how price reacts to the lines (price action at the lines). I know I could trade without any lines, but they help give me an extra edge. The main thing is trend and price action.
It's pretty difficult to trade without the trendlines. If one is very accustomed to price movement, one can see beyond the moves and see the direction pretty clearly through the market noise. Some can, some can't
  • #32
  • Oct 1, 2007 3:20pm Oct 1, 2007 3:20pm
Quoting melpheos
Do not ask to close this thread !

It is very important for ppl to see that simple method in forex actually works.

I can't trade with trendline but i know for sure that other can and you can.

BUT... Trendline are exactly like indicators, they show the past and you assume the direction given by the past to continue in the future

You are using mainly only one indicator and the main point and very important information of you thread is that one type of indicator should sufficient to trade the market. Some trade only on cross of two MA, some other trade only with RSI, other only with CCI...

I use only 2 indicators, stochastics and BB (other indicators are just an helper to set my SL on long trend and BB are just here to acutally show me if a move is too strong to sustain)

Ignore ppl saying that you are stupid, you are not... But you denigrate works of other and that's probably why you got angry MP (they should have the balls to post on this thread )



Yes and no. Yes they will lose some trade when the trend reverses. If they have a proper MM, they will probably have one or two losing trade but working on the new trend should give profitable trade.

This is exactly what I mean the trend of EUR/USD is not likely to be reversed for years ahead.But it is gonna have periods of corrections , possible very deep corrections depending on the reason.So what are you gonna do? You know the trend has not reversed and it will not do so for a very long time but apprently it is risky to take both long and short positions.If you take long positions the strength of the USD may wipe you out , if you take short positions the pair may start moving into the trend direction anytime and you will be wiped out as well.There is also a good possibility that strength and weakness of the USD will change very frequently due to some econimocal occurences , elections or whatever , so how many times can you allow yourself to get wipped out?

Money management? God bless. Maybe 5% of all FX traders know what it really means.Most of them would put most of their trading balance on EUR/USD so the pip value is big enough to be able to make a nice profit from a small number of pip - just read carefully the first post , it is telling you much about the pip value.The person who opened the thread seems to have a flair for large positions because otherwise he would not be able to make a decent profit with 10 pips and he is not the only one thinking like that

andrew
  • #33
  • Oct 1, 2007 3:23pm Oct 1, 2007 3:23pm
OK. Back by popular demand. If you don’t like it go somewhere else.
These were completed before market open so things have changed a bit.

Overall trend on EUR/USD.

Attached Image (click to enlarge)
Click to Enlarge Name: High Level.JPG Size: 121 KB



Possible Projections (Example of high probability points)
Attached Image (click to enlarge)
Click to Enlarge Name: High Probability Buying Points.JPG Size: 119 KB
  • #34
  • Oct 1, 2007 3:39pm Oct 1, 2007 3:39pm
I tend to agree with you. I have reached the point in my forex education where i am using to many indicators and not paying attn to the bigger picture.

So i have cleaned all my charts to just show simple stuff.
  • #35
  • Oct 1, 2007 3:59pm Oct 1, 2007 3:59pm
Quoting fx_amateur

Money management? God bless. Maybe 5% of all FX traders know what it really means.Most of them would put most of their trading balance on EUR/USD so the pip value is big enough to be able to make a nice profit from a small number of pip - just read carefully the first post , it is telling you much about the pip value.The person who opened the thread seems to have a flair for large positions because otherwise he would not be able to make a decent profit with 10 pips and he is not the only one thinking like that

andrew
There is nothing wrong with a 10 pip target. A trade is a trade, and when your taking several trades a day 10 pips adds up quickly! When figuring out how large you want to trade, you need to take into consideration your worst case drawdown. You want to be able to trade with the same size position until your account makes it to the next predetermined level. For me, I adjust the size after +150 pips.
  • #36
  • Oct 1, 2007 4:00pm Oct 1, 2007 4:00pm
Quoting fx_amateur
This is exactly what I mean the trend of EUR/USD is not likely to be reversed for years ahead.But it is gonna have periods of corrections , possible very deep corrections depending on the reason.So what are you gonna do? You know the trend has not reversed and it will not do so for a very long time but apprently it is risky to take both long and short positions.If you take long positions the strength of the USD may wipe you out , if you take short positions the pair may start moving into the trend direction anytime and you will be wiped out as well.There is also a good possibility that strength and weakness of the USD will change very frequently due to some econimocal occurences , elections or whatever , so how many times can you allow yourself to get wipped out?

Money management? God bless. Maybe 5% of all FX traders know what it really means.Most of them would put most of their trading balance on EUR/USD so the pip value is big enough to be able to make a nice profit from a small number of pip - just read carefully the first post , it is telling you much about the pip value.The person who opened the thread seems to have a flair for large positions because otherwise he would not be able to make a decent profit with 10 pips and he is not the only one thinking like that

andrew
I have difficulties to understand your point... Why an account would be blown out when you have stop loss ? If you are a position trader then obvisouly you have the necessary margin to hold your position.

If the trend correct then obviously a new short term trend is made and you can trade this trend using basic s/r line...

10 using one lot is 100$ *20 days and you have 2000$/month to live... That seems pretty decent to me for a one hour/day job
  • #37
  • Oct 1, 2007 4:13pm Oct 1, 2007 4:13pm
Quoting StrangeGuy
OK. Back by popular demand. If you don’t like it go somewhere else.
These were completed before market open so things have changed a bit.

Overall trend on EUR/USD.

Attachment


Possible Projections (Example of high probability points)
Attachment
very interesting post and thanks very much for posting it. I trade with candlestick and basic with naked chart mostly and it is the best thing i have found. Strangeguy there is one question on my mind how do you draw trend lines just current lows as i see with the pics u posted there are alot of trend lines. Bcoz i like trend lines just always get confused as no two person can draw them exact. just wanna know how u draw them and how many past trend lines you draw

good day

cheers
  • #38
  • Oct 1, 2007 4:16pm Oct 1, 2007 4:16pm
Thank you all for the feedback. It is really good information. I will try to detail more information on how I trade the trend lines when I have a little time. However, they can be played mostly in the same money management style you are use too. Trendlines do break of course and that becomes another opportunity with fast hands.
10 pips per trade is an initial target. I will protect that as my own. Most times like today, I played that lower trend line bounce 4 times banking 10 pips min, it adds up.

StrangeGuy
  • #39
  • Oct 1, 2007 4:17pm Oct 1, 2007 4:17pm
http://i43.photobucket.com/albums/e3...x/science1.jpg

To me it's not easy. I know today is an uptrend so I buy only. But still, I lost $3.40. If I bought 0.10 lot then I'll lose $34.00. I win some and I lose some. That's on a trending day. On a sideway day, I probably lose more than I can win.
  • #40
  • Oct 1, 2007 4:19pm Oct 1, 2007 4:19pm
Quoting sameer666
very interesting post and thanks very much for posting it. I trade with candlestick and basic with naked chart mostly and it is the best thing i have found. Strangeguy there is one question on my mind how do you draw trend lines just current lows as i see with the pics u posted there are alot of trend lines. Bcoz i like trend lines just always get confused as no two person can draw them exact. just wanna know how u draw them and how many past trend lines you draw

good day

cheers
There is no "exact" trend line. That is the greatness and caveat of trend lines. Also price might not respect the trend line you have drawn for a few candles and then return back to your tunnel.

Sometime you just can't draw a trend line because the market is too choppy. In this case, looking for the bigger picture can give you an idea of where you are in the higher TF trend.
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