leighs has been silent tonigth
I wonder where she is??
Peace
I wonder where she is??
Peace
Peace
- #481
- Nov 15, 2007 9:07pm Nov 15, 2007 9:07pm
- | Commercial User | Joined Jun 2006 | 1,578 Posts
Peace
Seriously Leighs, I am curious about poker
:You will notice that my entry and reasoning are based solely on price action ...
Well, when you see the letter "M" on a table, the guy sitting opposite side of table sees a letter "W". Right?
I don't know what they see....that is why I needed some clarity from the poster on what they saw.
"A technical analysis term for two successive rises to the same price level."
So the supposed double-top I was seeing on the Daily (if the price went further down past 1.4520) wouldn't be exactly correct, because the first high Fractal is 1.4753 and the second high Fractal is 1.4725.
I dunno, some people may refer that still as a double-top, but I guess cuz when I looked up the definition it said "same price", I figured that the second high Fractal price needed to be 1.4753, lol.
Has that term been changed along the way, so that it does not have to be exactly at the same price and still be considered a double-top?
* edited - Or is the key word there "level" thus it could be around that area, thus I was correct after all in interpreting that as a double-top?
- #485
- Nov 15, 2007 9:21pm Nov 15, 2007 9:21pm
- | Commercial User | Joined Jun 2006 | 1,578 Posts
Peace
- #486
- Nov 15, 2007 9:25pm Nov 15, 2007 9:25pm
- | Commercial User | Joined Jun 2006 | 1,578 Posts
LOL, hey I have a life too, you know
hey hope hubby doesn't get mad you know??? with all respect of course
Peace
Peace
Well, Poker is not BlackJack, so you'll have to hit someone else for tips on that one, lol
Thanks Trader_V for the great info and example charts!!
LOL, well I did mean double-top, but when I looked up the definition, it said:
"A technical analysis term for two successive rises to the same price level."
So the supposed double-top I was seeing on the Daily (if the price went further down past 1.4520) wouldn't be exactly correct, because the first high Fractal is 1.4753 and the second high Fractal is 1.4725.
I dunno, some people may refer that still as a double-top, but I guess cuz when I looked up the definition it said "same price", I figured that the second high Fractal price needed to be 1.4753, lol.
Has that term been changed along the way, so that it does not have to be exactly at the same price and still be considered a double-top?
* edited - Or is the key word there "level" thus it could be around that area, thus I was correct after all in interpreting that as a double-top?
Glad to see you leighsww. I believe like you said....the keyword "level is around" suffices when it comes to these types of things. The clarity I refer to has more to do with what/where you saw, how you interpret it and what you will do to take advantage of the overall trend. It was not a judgement of what you wrote but an attempt to understand what another trader sees and thinks.
Level = Area
kinda hard to match the price by the tick.
:. Also, I did see other definitions that didn't say "level" but still referred to it as "touching the same high", etc., thus moreso I figured that it had to be exact, lol.But, thanks for the clarification
, cuz that would make a heck of a lot more sense, since like you say, hard to match exact to the pip most times (but I have seen it happen 
, lol)So, ownshook, I guess I did mean double-top after all then, hehe.
- #489
- Nov 15, 2007 9:36pm Nov 15, 2007 9:36pm
- | Commercial User | Joined Jun 2006 | 1,578 Posts
I dunno, I have seen some pretty exact
But, thanks for the clarification
So, ownshook, I guess I did mean double-top after all then, hehe.
Peace
Peace
- #490
- Nov 15, 2007 9:37pm Nov 15, 2007 9:37pm
- | Commercial User | Joined Jun 2006 | 1,578 Posts
Peace
The clarity I refer to has more to do with what/where you saw, how you interpret it and what you will do to take advantage of the overall trend. It was not a judgement of what you wrote but an attempt to understand what another trader sees and thinks.
Sorry about that http://leighswishingwell.com/lp/emotes/hug.gif
hey hope hubby doesn't get mad you know??? with all respect of course
I am hoping to move up to be with him in another month or so. GAD, moving is a pain and we have all our stuff in storage, so both of us are living out of our suitcases, lol.
Anyway, that's enough of that.
* edited - Goodnight feb!
- #493
- Nov 15, 2007 9:48pm Nov 15, 2007 9:48pm
- | Joined Nov 2007 | Status: Big trend, big money | 786 Posts
Well, Poker is not BlackJack, so you'll have to hit someone else for tips on that one, lol
Thanks Trader_V for the great info and example charts!!
LOL, well I did mean double-top, but when I looked up the definition, it said:
"A technical analysis term for two successive rises to the same price level."
So the supposed double-top I was seeing on the Daily (if the price went further down past 1.4520) wouldn't be exactly correct, because the first high Fractal is 1.4753 and the second high Fractal is 1.4725.
I dunno, some people may refer that still as a double-top, but I guess cuz when I looked up the definition it said "same price", I figured that the second high Fractal price needed to be 1.4753, lol.
Has that term been changed along the way, so that it does not have to be exactly at the same price and still be considered a double-top?
* edited - Or is the key word there "level" thus it could be around that area, thus I was correct after all in interpreting that as a double-top?
Well, E/U is very strong.
And now we don't know if it is a double top or double bottom since the first condition/step that E/U shall go down to 1.4520 level. That is 100 pips away!
Well, E/U is very strong.
Heck if it hits the 1.4725+ level then goes back down to the 1.4520 then back up, we may be needing to create a whole new alphabet --> /\/\/
:
Well,
I just arrived from my fuuuuull time job, watched the charts and ....nooothing!!! No setups. so I will sit on my hands, hug my son, watch some tv reruns, and will be back tomorrow.
Take care everybody.
:Make sure you take your hands out from under your butt before hugging your son!
You take care, too, alcastro! See ya!
I hope you enjoyed this post and were able to take something out of it.
Great advice and here are some quotes of yours I especially thought were spot on!!
-------
"So I say yes open a demo account but open it with the same starting capital you are looking to open your real account with. And treat it like it was real money using proper Money Management and proper leverage."
"But just understand you must have a realistic outlook and know that with a small trading account you can still get to those big dreams it’s just going to take a little longer as you build your account."
"Next forget about the dollars and cents until the end of every month. I don’t care how much the trade is worth in actual dollars all I know is I need to end the month with more positive pips then negative pips."
"Now this is not to say that you cannot continue to add to your account as you progress to help it grow faster in fact I encourage this once you have gained the experience to pull profits out of the market consistently."
-------
You bet your sweet bananas it is.
- #498
- Edited 11:48pm Nov 15, 2007 11:37pm | Edited 11:48pm
I am not sure if I missed this however what if you have a failed V formation that misses the break? To be specific....if a few bars pass and there is no break...do you wait for another V setup or good to go when it breaks regardless of the number of bars?
Feb, I think you missed what ownshook was actually trying to say. Here's an example of what we are needing clarified (see hypothetical chart below) ...
Do we get in on the GREEN arrow candlestick (which would be the continuation of the original V-Formation from the lower Fractal, but instead of the entry being the 3rd candle, it's now the 4th candle), or do we start over from scratch due to the small correction, so entry candle would be the ORANGE arrow candle?
I'm thinking that the GREEN arrow candle would be the entry candle because a new low Fractal hasn't been established at the GREEN arrow candle, so we continue from the original V-Formation.
Now, if a new low Fractal had been created at the GREEN arrow candle, then we would start afresh, no? (lol, you better read this post before the weekend, cuz once you hit on Mr. Merlot, you might not be able to comprehend my post
: , also I sure hope you're not color blind, lol)To take a guess...if the E/U continues going sideways...is that where you implement your consolodation method?
- #500
- Nov 16, 2007 12:00am Nov 16, 2007 12:00am
As for the consolidation method....that was discussed in a private conversation that I can not share. 
Seriously though....there isn't a post in regards to that. My mistake. I have spent too much time at the computer and have taken the first few posts Feb made that made mention of consolidation and was thinking about a PA method using IB for a break above and gelled the two together.
That said...by looking at the original charts that were posted...the V pattern appears to form inside the consolidation so I am wondering if the same method applies.
Seriously though....there isn't a post in regards to that. My mistake. I have spent too much time at the computer and have taken the first few posts Feb made that made mention of consolidation and was thinking about a PA method using IB for a break above and gelled the two together.
That said...by looking at the original charts that were posted...the V pattern appears to form inside the consolidation so I am wondering if the same method applies.