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Charts Observations

  • #121
  • Nov 29, 2007 8:53am Nov 29, 2007 8:53am
Quoting SeekingLight
Nice trade

But you got to admit, it wasn't the WW target ;p

I think it might be the end of the big B now...hold on, let me throw up a chart.

Didn't get a setup at 2.0830 last night sadly and was conflicted due to GJ having risen to my "critical" area I didn't dare just sell > 2.08 with a stop above .618 for end of B. Real shame, turns out it may very well be confirmed soon(once prices goes below A).

Seems A consisted of a weak ABC which sort of threw me off originally(C = .618 A).
maybe it wasnt WW but it works out great

I liquidated all positions @ 800
and shorted intraday @ 760 (on the takin of 123 in 30M TF) and closed @ 645 @ S1


nice chart too
one of my brokers (MIG) see also the same targets with you

lets see how it will do
  • #122
  • Dec 28, 2007 2:42am Dec 28, 2007 2:42am
Quoting SeekingLight
No guarantees, I have 0 clue about EW.

Current direction remains up until sideway channel is lost downwards. Expecting a break into blue marked area. Fib extensions 127.2% - 161.8% of wave 4 would line up perfectly with prior sr so this view is favored. Obviously if 0.6465 goes then we've got a channel loss / range breakout on our hands.

Not that I really care, since I don't really trade this pair and the long I have on is tiiiiiiiiiiiiiiiiiiny =)
Say, I really should have kept that tiny long and built on it

Ya can't say you can't predict long term pair development in forex

It's funny, there are these moments of clarity when you can just see things happening...and then they do.

Compared to what I am reading on Bloomberg(cowardly 4-500 pip forecasts over 3 quarters on big moving pairs, barely 3-4% worth, bah) this what I wish more people would do - big picture thinking, even if it initially seems insane("no way, EURGBP oscillates, it doesn't move big, etc").

Something that's actually useful mid-term.


Btw, wouldn't it be shocking if that wasn't a 4 but a 2? Then we'd be in a 3 up and have lots and lots more to go higher..scary thought
Not unplausible given rate cycles though..we shall see.

Hope you've been well benssol =)
Attached Image
Trust price. Know yourself.
  • #123
  • Dec 29, 2007 8:53am Dec 29, 2007 8:53am
Quoting SeekingLight
Say, I really should have kept that tiny long and built on it

Ya can't say you can't predict long term pair development in forex

It's funny, there are these moments of clarity when you can just see things happening...and then they do.

Compared to what I am reading on Bloomberg(cowardly 4-500 pip forecasts over 3 quarters on big moving pairs, barely 3-4% worth, bah) this what I wish more people would do - big picture thinking, even if it initially seems insane("no way, EURGBP oscillates, it doesn't move big, etc").

Something that's actually useful mid-term.


Btw, wouldn't it be shocking if that wasn't a 4 but a 2? Then we'd be in a 3 up and have lots and lots more to go higher..scary thought
Not unplausible given rate cycles though..we shall see.

Hope you've been well benssol =)
yeaaaaah

but the most important point you didn't miss the whole move
this is very important, we cant take every pip from the market but take what it gave us and run

I remember this chart very well, very simple and clean

also your GU chart and predication was great and it did well

Quoting SeekingLight
Btw, wouldn't it be shocking if that wasn't a 4 but a 2? Then we'd be in a 3 up and have lots and lots more to go higher..scary thought
Not unplausible given rate cycles though..we shall see.
wow :surprised

I always afraid from your words Seeking
you hate the cable coz you're German
but I will check this chart again, it can be OMG


as you know the end of year period, you open the old stocks excel files and look for positions in the markets specially the emerging and make the calculation and prepare for liquidate some positions, .....
then collect the whole year reports and begin the reading
and look for new companies and predictions for this new year ...

so a little time for currencies this month
thanks for asking

Hope you've been well too Seeking, my friend
  • #124
  • Dec 29, 2007 11:32am Dec 29, 2007 11:32am
This was great stuff to read... although it seems to mean I should no longer drink a bottle of chamagne after a winning trade... and convince my wife to stop beating the tar out of me each time I lose...

Careful guys... your posts here are going to make me start looking into pitchfork stuff, and my plate really is full right now... but you all are making it look awfully tempting.........

Quoting benssol
some quotations from a book, I dont know it's title (from trading naked site)

may be, It can help some new fellows & traders
  • #125
  • Dec 29, 2007 11:38am Dec 29, 2007 11:38am
And yes I admit I had gone short on this pair... and lost... TWICE... stupid tiki...!!! Always look at seekings charts first before trading... fortunately I took the chances where I thought I could have extremely tight stops and I have learned to not trade but Tiiiiiimy amounts when I am sticking my nose into places I have no business going........ of coarse now I see the obvious target...

Quoting SeekingLight
Say, I really should have kept that tiny long and built on it

Ya can't say you can't predict long term pair development in forex

It's funny, there are these moments of clarity when you can just see things happening...and then they do.

Compared to what I am reading on Bloomberg(cowardly 4-500 pip forecasts over 3 quarters on big moving pairs, barely 3-4% worth, bah) this what I wish more people would do - big picture thinking, even if it initially seems insane("no way, EURGBP oscillates, it doesn't move big, etc").

Something that's actually useful mid-term.


Btw, wouldn't it be shocking if that wasn't a 4 but a 2? Then we'd be in a 3 up and have lots and lots more to go higher..scary thought
Not unplausible given rate cycles though..we shall see.

Hope you've been well benssol =)
  • #126
  • Dec 29, 2007 12:03pm Dec 29, 2007 12:03pm
thought I would toss in my 2 pips....... I generally only trade the EUR/USD but my TA works on any pair.
here is the extent of my tech analysis, I use momentum and trend (all that other stuff like pattern recognition just sets off my vertigo...LOL) by using two MAs ..... a 7 period weighted and a 7 period simple.... when the price crosses the MAs I get ready to trade in that direction, the actual crossing of the MAs is just a confirmation of direction, I also use the ATR for TP and SL sizing, generally 1/2 ATR for SL and full ATR for TP. I generally close each trade at the end of the day and open a new trade, or you can also move up you TP and SL to reflect what the new entry would be, saves some spread that way. also I trade the daily TF only.
here is what my chart looks like..........
http://img172.imageshack.us/img172/4...capturezy2.png
Same Whore .... Different Dress
  • #127
  • Dec 29, 2007 12:13pm Dec 29, 2007 12:13pm
SeekingLight

I really like your tag line statement...
SIMPLIFY! - KISS your charts - "don't do more, do less better"

That really sums it all up......
Same Whore .... Different Dress
  • #128
  • Dec 29, 2007 4:26pm Dec 29, 2007 4:26pm
This looks like a great system as long as the trend is trending... but what happens on daylies when daily range is small and price is no longer trending... there I see little chance to make a winning trade, at least by lookng for the cross over... but then, I know little and am just sticking my nose in... so don't mind me much...

Or if the ATR is flat or not going in the right direction... no trade ???


Quoting johnedoe
thought I would toss in my 2 pips....... I generally only trade the EUR/USD but my TA works on any pair.
here is the extent of my tech analysis, I use momentum and trend (all that other stuff like pattern recognition just sets off my vertigo...LOL) by using two MAs ..... a 7 period weighted and a 7 period simple.... when the price crosses the MAs I get ready to trade in that direction, the actual crossing of the MAs is just a confirmation of direction, I also use the ATR for TP and SL sizing, generally 1/2 ATR for SL and full ATR for TP. I generally close each trade at the end of the day and open a new trade, or you can also move up you TP and SL to reflect what the new entry would be, saves some spread that way. also I trade the daily TF only.
here is what my chart looks like..........
  • #129
  • Dec 29, 2007 7:44pm Dec 29, 2007 7:44pm
Here are the results of 38 trades, each is opened at the start of the days new candle and closed at the end of the candle when a new trade is started.
I used these dates because of the price switching from bullish to bearish in a fairly close time span.
this data does not include the use of the ATR for MM at the end of 38 days the total pips gained is 267,
Using a TP of 100 and SL of 50 would have increasd this total, but I am not gong to calculate it. set up your own charts and back test this for yourselves, it will help you understand what is happening, also feel free to change the MAs ..... when price is on top and WMA is on top of SMA, go long, when price crosses and is under the MAs and WMA is under the SMA, go short.
Use the ATR to set up your MM, on the EUR/USD TP100 and SL50 works quite well for daily, if you want to use a shorter TF use the ATR,
half of ATR for SL and whole ATR for TP.

Like I said this is the extent of my tech analysis and chart observations, anything more give me vertigo....LOL

If you have any questions PM me and I will try to clarify things for you.


http://img171.imageshack.us/img171/6...apture1it2.png
http://img184.imageshack.us/img184/6...apture2rt6.png
Same Whore .... Different Dress
  • #130
  • Dec 31, 2007 5:08am Dec 31, 2007 5:08am
johnedoe,

I can't PM you and I don't know how to use skype?

on your two 7 period MA's one weighted and the other one simple are those to the close? open? hi? low?

Thanks
trading naked.......
  • #131
  • Dec 31, 2007 9:25am Dec 31, 2007 9:25am
on the close.
Same Whore .... Different Dress
  • #132
  • Jan 8, 2008 12:24am Jan 8, 2008 12:24am
Quoting Tiki Trader
This was great stuff to read... although it seems to mean I should no longer drink a bottle of chamagne after a winning trade... and convince my wife to stop beating the tar out of me each time I lose...

Careful guys... your posts here are going to make me start looking into pitchfork stuff, and my plate really is full right now... but you all are making it look awfully tempting.........
LOL
you can always read about the new stuff without touch your trading method and if anything you feel you can make money with then include it in your system slowly

for me now I read alot of articles and SunTrader posts about Demark and it's lines so I bought his 3 books from a week ago and prepare to read them the next month

it's very important to know what's new coz there is a time your system wont work!
  • #133
  • Jan 8, 2008 12:26am Jan 8, 2008 12:26am
Quoting johnedoe
thought I would toss in my 2 pips....... I generally only trade the EUR/USD but my TA works on any pair.
here is the extent of my tech analysis, I use momentum and trend (all that other stuff like pattern recognition just sets off my vertigo...LOL) by using two MAs ..... a 7 period weighted and a 7 period simple.... when the price crosses the MAs I get ready to trade in that direction, the actual crossing of the MAs is just a confirmation of direction, I also use the ATR for TP and SL sizing, generally 1/2 ATR for SL and full ATR for TP. I generally close each trade at the end of the day and open a new trade, or you can also move up you TP and SL to reflect what the new entry would be, saves some spread that way. also I trade the daily TF only.
here is what my chart looks like..........
Good idea
and to make it more simple
use 40 SMA only and remove the ATR and use the % risk model
give it a try and you'll see the meaning of simplicity
  • #134
  • Jan 8, 2008 12:42am Jan 8, 2008 12:42am
Quoting benssol
Good idea
and to make it more simple
use 40 SMA only and remove the ATR and use the % risk model
give it a try and you'll see the meaning of simplicity
I'm not familiar with the % risk model, could you clarify that for me?
thanks
Same Whore .... Different Dress
  • #135
  • Jan 8, 2008 1:00am Jan 8, 2008 1:00am
Benssol my friend,

How the heck did i overlook this thread?

Looking to grab some sterling, looks like Asia din have much juice to offer. How lame.
  • #136
  • Last Post: Jan 8, 2008 1:52am Jan 8, 2008 1:52am
Quoting jest1081
Benssol my friend,

How the heck did i overlook this thread?

Looking to grab some sterling, looks like Asia din have much juice to offer. How lame.
Jest my friend, How are you?

last week I saw a post for you and notice your blog in the signature

very great blog
you know, you're a kind who knew how to read for the others or how to teach, really
there are two types of readers:readers who read for themselves only and readers can read for themselves and for others too
you're from the second type

really very great blog like your posts, I added it to my RSS feed reader and I'm sure it will be famous like traderfeed and trademike if you upgrade it

How are your trades?
Hope you've been well
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