Good morning Guys,
Ya, I'm feeling better, thanks! Still have a good week or so before I'll be back to "normal" but I'm watching my charts this morning, geting back in the groove, and ready to trade if I can find a good setup.
So far, I'm watching six pairs, but don't see any inspiring stoch setups. Prices are moving against the longterm trend, and I see lots of long wicks, so I'll need a good solid setup to convince me to get in.
Regarding the rope, I've looked at this in the past but can't seem to wrap my little brain around it. I seem to prefer watching individual discrete lines rather than trying to identify patterns drawn from graphic images. Perhaps this is due to my general inexperience and my inability to identify the best time to enter and exit, so all the threads may be clouding my simple thoughts, and I suppose I would prefer to learn the basic fundamentals really well before I try to interpret ropes and threads. Nevertheless, I'll attempt to revisit during the week and will try to spend some quality time with it.
That said, I'm also watching one chart based on boxingislife's "bringing sexy back" stochastic system template, which is also based on MTF Stochastics, and seems to compliment Spud's system nicely. In fact, Spud had mentioned this system as something he followed and considered it worth looking into. It is quite simple to interpret and looks promising.
Good trading everyone!
Ya, I'm feeling better, thanks! Still have a good week or so before I'll be back to "normal" but I'm watching my charts this morning, geting back in the groove, and ready to trade if I can find a good setup.
So far, I'm watching six pairs, but don't see any inspiring stoch setups. Prices are moving against the longterm trend, and I see lots of long wicks, so I'll need a good solid setup to convince me to get in.
Regarding the rope, I've looked at this in the past but can't seem to wrap my little brain around it. I seem to prefer watching individual discrete lines rather than trying to identify patterns drawn from graphic images. Perhaps this is due to my general inexperience and my inability to identify the best time to enter and exit, so all the threads may be clouding my simple thoughts, and I suppose I would prefer to learn the basic fundamentals really well before I try to interpret ropes and threads. Nevertheless, I'll attempt to revisit during the week and will try to spend some quality time with it.
That said, I'm also watching one chart based on boxingislife's "bringing sexy back" stochastic system template, which is also based on MTF Stochastics, and seems to compliment Spud's system nicely. In fact, Spud had mentioned this system as something he followed and considered it worth looking into. It is quite simple to interpret and looks promising.
Good trading everyone!
DislikedGood morning,
Jeff, are you ready for some Fo..... Hope you are doing fine. This week we have friends visiting us from Colorado so over the weekend I have been reviewing the Thread method. I think I am going to base my entries on the 4hr and fine tune it with the lower time frames. At present we have some elasticity.... I am going for the rope!....hopefully not around my neck
Good luck to all!Ignored
Jeff Singer, K2KV