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The System (Irony included)

  • #621
  • Nov 18, 2007 5:19pm Nov 18, 2007 5:19pm
Quoting feb2865
The thread don't have to die necessarily. I really apologize to be hard on the situation but you must understand, we must have some discipline. If look some other threads, you'll find that they end up in a completely opposite direction of what the author intended. I am personally avoiding some other subjects like correlations etc so we can keep the integrity of this thread in shape.
I totally understand your reasons for keeping this thread intact with your method. That I can totally agree with. That's not what I was referring to in my above posts.

I mainly was referring to us being able to have some light-hearted banter, whilst learning and waiting for trades.

But, again, I will respect whatever you wish, if you don't feel that our light-hearted banter is appropriate, as well, then that's fine.

You're the boss (but, dang, you were the one who brought up Mr. Shiraz!!!!
  • #622
  • Nov 18, 2007 6:27pm Nov 18, 2007 6:27pm
Quoting feb2865
Leighs

The thread don't have to die necessarily. I really apologize to be hard on the situation but you must understand, we must have some discipline. If look some other threads, you'll find that they end up in a completely opposite direction of what the author intended. I am personally avoiding some other subjects like correlations etc so we can keep the integrity of this thread in shape.


Peace
Seems more and bigger "communications" going on last night.

I agree with you, Feb.

The trading topics shall not be too diverse. In a public forum, even in company meetings, it is a phenomenon.

Wish you all the best. And I wish I make friends with all of you.

P.S. Traders are really very very lonely. Sometimes they really need to talk or communicate with other traders in the forum (not friends or wives/husbands, because they don't understand.), because the market which we are working with/against, will neither listen or talk to us. There are also some occasions which arouses a trader really wants to share or to express some of previous experiences or ideas. So, Feb, please forgive.
  • #623
  • Nov 18, 2007 6:29pm Nov 18, 2007 6:29pm
Quoting Trader_V
Man I leave you guys alone for a couple days and your at each others throats...lol

Ok I will provide this final update and may just become a lurker in this thread rather than a poster. I respect Feb's thread and his methods and do not wish to interfere with what he has started here.

So here you go. The quote belw was the last status of the trade on Friday. I closed my trade at 110.80 which gave me +35 pips. Reasons for the exit were due to the momentum at which prices were moving upwards and thefact that I did not want to be in a position at market open Oon Sunday.

Notice also how I talked about the market posibly showing a reaction the the reisitance level and a possible continuation to the downwad movement. Now take a look at the curent chart in your platform and you will see the long wicks left by Friadays action.

So from here I look for another place to enter either the same pair if the market shows its cards and I will look for other opportunities to trade as well.

Well that's it folks. I want to thank everyone for their contributions to this thread. It contains so much valuable informaion for new taders coming on the scene.

I shall not abondon you folks but will be watching from the sidelines.

Good trades to all and to all a good night.

Cheers,

Trader_V


Hey Trader V

Please don't be a stranger to this thread. I had to sift through the last 5 pages of this thread to find the good information from you main guys.
Too make matters worse the hijackers didn't even throw in at least one chart. Man I hate reading for ages and not being rewarded with a chart. hehe nah I'm serious.

V I find it invaluable info to be able to observe a trader's actions(plan) from the beginning to the end of a trade. Most traders that show their entry and exit on this forum don't really show the whole picture of a trade. You want to be able as a learner to know what PA analysis is going on during the trade for example momentum, speed or slowing down around key support /resistance levels etc and what a seasoned trader decides to do when these things occur.(Getting inside their mind I think is the proper term)


So again please to the main guys you know who you are stick around and share the wealth of your knowledge.(A little charity never hurt anyone)


thanks


p.s I better put this in I'm not ungrateful for the general banter hell we want to make this a fun learning experience too, i was referring to the mine is bigger than yours posts going on recently.
  • #624
  • Nov 18, 2007 6:30pm Nov 18, 2007 6:30pm
ok Maybe there's a little misunderstanding here

I mean, we don't have to be all rigid about trading. I had personally share some personal stuff, after all we're human you know. But I won't allow someone like fti come to this thread and take the whole thing out of perspective. I answered this person as I felt compelled to what is stated in some of the posts. But at the end I was clear that we must continue. Then I gave a fair warning and I was completely ignored. There's some people here who are willing to learn about price and this kind of mumbo-jumbo it's totally out of context and many of the content of fti thread was nothing but a show-off -I- know- more- than -you kind of thing. Don't get suckered into this type of stuff. Be wise.


I don't mind I should say, it's beneficial if occasionally we place a joke or share some thought, as I said we're humans.


Let's get real, many traders are struggling outhere for years. What's the use of analyzing market structure, balancing etc, if at the end you will still be like a deer in the headlights?? You guys are in this for the money. That's it. The goal is to be profitable consistently. In my humble opinion and experience, reading price is the foundation of what will take you to be in the dark into the light. But you should stay focus and be disciplined.


There's plenty of people outhere trying to tell you where to run. I can go as much complicated as this fti was, even deeper than that. Of course you'll be lured into my predicament in such a way that you'll be at my mercy. In my hidden agenda I have $$$$ that will be taken out of your pocket. I might go as far as as giving you my e-mail, setting up a chat room etc. and I assure you I'll pack plenty of greens in no time. But In my case, I don't need any of that. Trading has been good to me.

Don't let people like this fool you. Be smart.

I am always here to help.

Peace
Peace
  • #625
  • Nov 18, 2007 6:43pm Nov 18, 2007 6:43pm
Quoting Green_David
Seems more and bigger "communications" going on last night.

I agree with you, Feb.

The trading topics shall not be too diverse. In a public forum, even in company meetings, it is a phenomenon.

Wish you all the best. And I wish I make friends with all of you.

P.S. Traders are really very very lonely. Sometimes they really need to talk or communicate with other traders in the forum (not friends or wives/husbands, because they don't understand.), because the market which we are working with/against, will neither listen or talk to us. There are also some occasions which arouses a trader really wants to share or to express some of previous experiences or ideas. So, Feb, please forgive.
listen, I know some people have felt a little heat coming form me. I sincerely apologize from the bottom of my heart. Au contrarie, let's get to know each other more and share our experiences. As David said, trading gets lonely. Please don't blame me for trying to keep this thread in check.

I try as much as I can to greet new posters in this thread. But hijacking a thread is not polite and not beneficial for people who are looking very deep into the meaning of the process.

Let's make a difference and create a community in where you can express you doubts and concerns without hesitation. Trading should be simple but when comes down to your first(for some of course) live trade it becomes hard. There's plenty of frustration in this business, even for experience traders.


Peace
Peace
  • #626
  • Nov 18, 2007 6:46pm Nov 18, 2007 6:46pm
Sorry I couln't help myself I had to post! It's like an adiction or something...lol

This is very well stated Feb. Reminds me of another guy who started a thread called 25/50 or something like that.

But I could not have said this better myself. Nicely done!

Quoting feb2865
ok Maybe there's a little misunderstanding here

I mean, we don't have to be all rigid about trading. I had personally share some personal stuff, after all we're human you know. But I won't allow someone like fti come to this thread and take the whole thing out of perspective. I answered this person as I felt compelled to what is stated in some of the posts. But at the end I was clear that we must continue. Then I gave a fair warning and I was completely ignored. There's some people here who are willing to learn about price and this kind of mumbo-jumbo it's totally out of context and many of the content of fti thread was nothing but a show-off -I- know- more- than -you kind of thing. Don't get suckered into this type of stuff. Be wise.


I don't mind I should say, it's beneficial if occasionally we place a joke or share some thought, as I said we're humans.


Let's get real, many traders are struggling outhere for years. What's the use of analyzing market structure, balancing etc, if at the end you will still be like a deer in the headlights?? You guys are in this for the money. That's it. The goal is to be profitable consistently. In my humble opinion and experience, reading price is the foundation of what will take you to be in the dark into the light. But you should stay focus and be disciplined.


There's plenty of people outhere trying to tell you where to run. I can go as much complicated as this fti was, even deeper than that. Of course you'll be lured into my predicament in such a way that you'll be at my mercy. In my hidden agenda I have $$$$ that will be taken out of your pocket. I might go as far as as giving you my e-mail, setting up a chat room etc. and I assure you I'll pack plenty of greens in no time. But In my case, I don't need any of that. Trading has been good to me.

Don't let people like this fool you. Be smart.

I am always here to help.

Peace
Nothing is impossible, with a willing mind!
  • #627
  • Nov 18, 2007 6:53pm Nov 18, 2007 6:53pm
Trader V

I think your charts and trade placement are spot on. I even try not to make comments on your post so your message comes across pure. I don't trade like you but I must definitely agree with you observations.

Keep them coming!!!

Peace
Peace
  • #628
  • Nov 18, 2007 6:58pm Nov 18, 2007 6:58pm
By the way leighs, my girlfriend laughed to death when she saw me posting about poker and you were talking about black jack Silly me!!! I am definitely a noob when it comes down to cards

I will probably have to hire you to teach me some tricks!!!!

Peace
Peace
  • #629
  • Edited 7:24pm Nov 18, 2007 7:03pm | Edited 7:24pm
Quoting feb2865
and this kind of mumbo-jumbo it's totally out of context and many of the content of fti thread was nothing but a show-off -I- know- more- than -you kind of thing. Don't get suckered into this type of stuff. Be wise.
To be honest ... I did not see his posts as showing off, nor did I feel it was mumbo-jumbo (haha, even if I didn't understand half of it :, but I did understand enough of it, to not judge it that way ).

I admit, he got a little defensive with his posting to Clockwork in trying to defend his honor. That is probably something that cost him some respect with people.

As far as hijacking this thread, he was answering a question that ownshook asked, as well as continued to do so with my questions and David's.

I believe he might not have come across your post warning him about his hijacking yet, when he posted his last post to David and ian.

Some people start responding to posts before reading the full thread to the end of where they left off after they first respond to questions asked of them.

Anyway, I am usually a pretty good judge of character from how people conduct themselves with how they post, and I did not sense anything negative or insincere about him.

I truly believe he is just way out of our league for many of us to understand his type/style of trading (which is the bank's style).

Again, I do agree that the topic was not conducive to the original topic of your thread, but again, he was just answering ownshook's question.

I am not one to be easily suckered by people. I normally have a keen sense about them. And I do think for myself

*edited - I was not about to change my methods based on his posts, I was merely fascinated by it. Like I said, he's in a league far out of our range that most cannot trade or even begin to think like him.

Like I said before, I do not follow anybody blindly. How one conducts themselves tells a lot to their story.

feb, this is your thread, and what you say goes ... but I had to say this one last thing about fti because I truly did not believe he was being judged fairly. That's all.

Okay, back to our regular programming
  • #630
  • Edited 7:21pm Nov 18, 2007 7:10pm | Edited 7:21pm
Hey all!!

Okay I know Feb said he's been laying off the inter market relationships but I've been digging around and think we can still use this info to help give us an edge. I would like to share what I have found. Please don't take my word for it investigate, find a free charting package and compare the similarities(corrrelations) to the currency pair on your charts. Maybe even share what you find because I'm still trying to understand this too.

us/chf = TNX CBOE 10-Year Treasury Yield Index (INDEX)

us/jpy= YUK Ise Fx Yen Index (INDEX)
us/jpy= SPY SPDR S&P 500 ETF

gbp/us= BP Bp Plc (NYSE)
gpb/us = XDB Currency Exchange Rate US $ (INDEX)

okay that should be enough to keep people busy. Again I understand if we only stick to fractuals and PA in this thread. It's just Feb opened a door for us and I walked in and was amazed to see what was on the other side. Again please share anything you find if you decide to walk through the door.

thanks

p.s. just type the code in bold letters into the charting package
-Year Treasury Yield Index (INDEX)
  • #631
  • Nov 18, 2007 7:10pm Nov 18, 2007 7:10pm
Quoting feb2865
By the way leighs, my girlfriend laughed to death when she saw me posting about poker and you were talking about black jack Silly me!!! I am definitely a noob when it comes down to cards

I will probably have to hire you to teach me some tricks!!!!
LOL, well let's not talk about you taking up BlackJack until you're close to destitute :
  • #632
  • Nov 18, 2007 8:45pm Nov 18, 2007 8:45pm
Quoting leighsww
As far as hijacking this thread, he was answering a question that ownshook asked,

Again, I do agree that the topic was not conducive to the original topic of your thread, but again, he was just answering ownshook's question
...which to be clear...was a question about r/r ratio which in my opinion was very conducive to this thread entitled "The System". In my opinion, a system encompasses many things including r/r and I thought Feb would have some input to that in relation to what he his teaching in this thread.

There are some items Feb has highlighted that he said would be better served in another thread...I thought perhaps this was one of them. R/R appears not to be something Feb considers in the way I have been exposed to. Curiosity appears to have its drawbacks.
  • #633
  • Nov 18, 2007 9:10pm Nov 18, 2007 9:10pm
Quoting ownshook
...which to be clear...was a question about r/r ratio which in my opinion was very conducive to this thread entitled "The System".
Oh my, I meant no offense to you, ownshook

I was merely trying to say that fti was only responding his viewpoint on a question you had asked. I just thought it was unfair that everyone jumped on him, that's all.

I truly apologize. That sentence probably didn't come off the way I meant it, lol. It was no means intended to put blame on you. I was just agreeing with what everyone was saying about it wasn't in line with this thread. That's all.

Oh boy, I think I will shut up for now, too, haha :
  • #634
  • Nov 19, 2007 12:03am Nov 19, 2007 12:03am
Quoting ownshook
...which to be clear...was a question about r/r ratio which in my opinion was very conducive to this thread entitled "The System". In my opinion, a system encompasses many things including r/r and I thought Feb would have some input to that in relation to what he his teaching in this thread.

There are some items Feb has highlighted that he said would be better served in another thread...I thought perhaps this was one of them. R/R appears not to be something Feb considers in the way I have been exposed to. Curiosity appears to have its drawbacks.
Good morning to everyone.

I also enjoy this thread. I am all about price action. It reminds me a lot of James16.

I agree with Feb's principles. It is the way to go.

I hope Feb doesnt mind me throwing in a few charts, in which i use Pivot Points to place stop losses and take profit targets? If so let me know.

In the mean time have a look at gbp/usd for today. My stop loss is 20 pips under daily pivot. my 1st take profit target is weekly pivot point. My 2nd target is monthly pivot point.

My entry points are the V-formation described by Feb.
Attached Image (click to enlarge)
Click to Enlarge Name: long jpy.gif Size: 11 KB
  • #635
  • Nov 19, 2007 1:07am Nov 19, 2007 1:07am
For what it`s worth I have been posting at FF for near three years and I agree totally with Feb.
90% of the trading ideas presented on these forums are diluted down to tweeked mutilation of the former systems within a couple of weeks.
I sense that Feb has something he knows works ,been around long enough to see what happens to "tweek freindly threads" and smart enough to nip it in the bud. (Excluding trader v of course who`s ideas I think we all feel totally compliment Febs)
There are pleanty of other threads that will welcome those who need to add bells and whistles.
  • #636
  • Nov 19, 2007 5:20am Nov 19, 2007 5:20am
It is good to know that we are back to trading.
Idon't see any setups yet. Ver rangy market in the dailies. One candle up, the next one down. Hmmmmm...very indecisive market.
These are the times when scalpers flourish.
I will wait for a fractal confirmation...so no action for me.

Take care everybody.
  • #637
  • Nov 19, 2007 6:46am Nov 19, 2007 6:46am
Feb, Thank you for the kind words. After reading this post and other posts from the thread members and receiving a PM from Antra as well, clearly we have something worth keeping up so post on we shall. I have to say I have read a ton of stuff here in FF but have never really posted until I came across James16 and now your thread.

So let's get to it shall we! There is plenty of folks hungry for info

Quoting feb2865
Trader V

I think your charts and trade placement are spot on. I even try not to make comments on your post so your message comes across pure. I don't trade like you but I must definitely agree with you observations.

Keep them coming!!!

Peace
Nothing is impossible, with a willing mind!
  • #638
  • Nov 19, 2007 7:00am Nov 19, 2007 7:00am
iandekoker,

I think I speak for all of us when I say different strokes for different folks If Pivot Points are what work for you then so be it. Jst because Feb nor I utilize them does not mean that your mention of them is not valid or does not have value. They may fit the style of new traders who visit this thread.

As for your GBP trade:

I see what you are looking at but let me show you what I see. I am not saying you are wrong I just want to share how the chart looks through my eyes so we can have mutple views on things.

I have lised on this chart the peaks and throughs that exist. You can see the highest swing point in the Red box. this is the begining of either a correction or a trend reversal. Rmember the shorter TF's i.e. 4H make up what you enventually see on the Daily do weekly charts.

So I would not be looking to long this maket right now. In fact this is where I would be looking to short. Until Peak 2 is taken out to confirm the trend continuation I would be bearish at this point.

Again these are just my observtions. It is our differences of opionion about where the market is headed that make up the Bulls and the Bears



Quoting iandekoker
Good morning to everyone.

I also enjoy this thread. I am all about price action. It reminds me a lot of James16.

I agree with Feb's principles. It is the way to go.

I hope Feb doesnt mind me throwing in a few charts, in which i use Pivot Points to place stop losses and take profit targets? If so let me know.

In the mean time have a look at gbp/usd for today. My stop loss is 20 pips under daily pivot. my 1st take profit target is weekly pivot point. My 2nd target is monthly pivot point.

My entry points are the V-formation described by Feb.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 30 KB
Nothing is impossible, with a willing mind!
  • #639
  • Nov 19, 2007 7:02am Nov 19, 2007 7:02am
Quoting Trader_V
iandekoker,

I think I speak for all of us when I say different strokes for different folks If Pivot Points are what work for you then so be it. Jst because Feb nor I utilize them does not mean that your mention of them is not valid or does not have value. They may fit the style of new traders who visit this thread.

As for your GBP trade:

I see what you are looking at but let me show you what I see. I am not saying you are wrong I just want to share how the chart looks through my eyes so we can have mutple views on things.

I have lised on this chart the peaks and throughs that exist. You can see the highest swing point in the Red box. this is the begining of either a correction or a trend reversal. Rmember the shorter TF's i.e. 4H make up what you enventually see on the Daily do weekly charts.

So I would not be looking to long this maket right now. In fact this is where I would be looking to short. Until Peak 2 is taken out to confirm the trend continuation I would be bearish at this point.

Again these are just my observtions. It is our differences of opionion about where the market is headed that make up the Bulls and the Bears
I agree 100% . wlecome to the club iandekoker!!!!!
Peace
  • #640
  • Nov 19, 2007 7:22am Nov 19, 2007 7:22am
If you look at the beginning of this thread - post # 2 I have some S/R lines in various areas of consolidation.


This is a chart of EUR/USD. It's been forming a coil I believe since 11/14/2007 . At time I am posting is around 9:00 AM so I really don't know what could be the end of day for this pair. Anyway, I formed a box. Obviously the market is going to break that box and push the price somewhere.

My question to all of you is......


How would you play this box?????


Peace
Attached Image (click to enlarge)
Click to Enlarge Name: BOX.jpg Size: 92 KB
Peace
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