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The Daily charts are KEY

  • #41
  • Jan 16, 2007 10:37pm Jan 16, 2007 10:37pm
Quoting SunTrader
Oh Ok, That simple.

When it stops going down buy, when it stops going up sell.

Does Google tell me when that will happens??

I think I will wait for Leugimp to reply, thank you.
if u are smart enough u would know that answer
  • #42
  • Jan 16, 2007 10:41pm Jan 16, 2007 10:41pm
Simple minded, you mean.
  • #43
  • Jan 16, 2007 10:54pm Jan 16, 2007 10:54pm
You know it hurts when u trying to help people like these by starting these threads and yet, they are impolite an cocky when inquiring information. it would take quite a bit of typing for me to explain the candle formation and i will need visuals...so to save both of us time, i said to google it. which i'm sure will show the Dojis, the hammer the morning/evening star the wedge, the flags, the cup and handle the head and shoulder....see how many?

now go google that sir, and dont take it as a diss. I was still trying to help you.
  • #44
  • Jan 16, 2007 10:59pm Jan 16, 2007 10:59pm
Quoting don perry
if u are smart enough u would know that answer
If you knew that answer that easily you'd be the richest man in the world and wouldn't be posting on FF. How do you say it stopped going down buy, and expect anyone to gain anything from that comment. We are supposed to be self educators here, learning from each others experience, methods, and varied insights. If you don't want to share yours, if you have any, well that is fine, but don't try to lead people down the path of "buy when it stops going down and starts to go up" and vice versa, that is just f---ing retarted. Just an opinion.
Man who scratches ass should not bite fingernails
  • #45
  • Jan 16, 2007 10:59pm Jan 16, 2007 10:59pm
Quoting SunTrader
Does Google tell me when that will happens??.
Reversal patterns:
http://stockcharts.com/education/Cha...reversal1.html
  • #46
  • Jan 16, 2007 11:01pm Jan 16, 2007 11:01pm
Quoting don perry
You know it hurts when u trying to help people like these by starting these threads and yet, they are impolite an cocky when inquiring information. it would take quite a bit of typing for me to explain the candle formation and i will need visuals...so to save both of us time, i said to google it. which i'm sure will show the Dojis, the hammer the morning/evening star the wedge, the flags, the cup and handle the head and shoulder....see how many?

now go google that sir, and dont take it as a diss. I was still trying to help you.
Now you're talking. Thats the kind of shit that can help. If you really started a thread to help, then throw in some more examples, etc, but if you dont have the patience to do so, why start it.
Man who scratches ass should not bite fingernails
  • #47
  • Jan 16, 2007 11:12pm Jan 16, 2007 11:12pm
This must be bonehead day at the factory. Sun- Get a grip- It's not magic- It takes lots of reading and learning, chart watching. etc.. Personally, I don't think you have what it takes. Save yourself a lot of frustration and learn to preach or something. Get down on your knees and ask for forgiveness young man
Trade what you see - Not what you think
  • #48
  • Jan 16, 2007 11:50pm Jan 16, 2007 11:50pm
Quoting summitfx
This must be bonehead day at the factory. Sun- Get a grip- It's not magic- It takes lots of reading and learning, chart watching. etc.. Personally, I don't think you have what it takes. Save yourself a lot of frustration and learn to preach or something. Get down on your knees and ask for forgiveness young man
you're on a roll today. I think you should quit and go stand up.
Man who scratches ass should not bite fingernails
  • #49
  • Jan 17, 2007 12:09am Jan 17, 2007 12:09am
Quoting SunTrader
5 Second chart. Really.

All I can think of with that kind of trading setup is:

A) Trade 100 times a day making 5 pips at a time with a 3 pip spread?

B) Trade only a couple of times a day and believe like a lot of those traders who think they will get rich making 5-10 pips a day?

C) Trade 30 minutes before going to work in the morning and late evening before going to bed?

Which do you fall into or is there some other reason for such micro level trading.
5 Second chart. Really.
--
Yes... Really... You never used tick charts?
--
All I can think of with that kind of trading setup is:

A) Trade 100 times a day making 5 pips at a time with a 3 pip spread?
--
Trade a couple of times; 2-6 pips; 50-100 lots; with spread 0.5-1.5...
--
B) Trade only a couple of times a day and believe like a lot of those traders who think they will get rich making 5-10 pips a day?
--
No need to think... You must know what you are doing...
--
C) Trade 30 minutes before going to work in the morning and late evening before going to bed?
--
Why not; If you know the exact time to scalp...

You do not need to glue to the computer and predict moves and having sleepless night and pray that market must move to your direction... think like an investor who manage billion dollar funds and trading on daily and weekly charts... LoL
--
Which do you fall into or is there some other reason for such micro level trading.
--
Yes...
D) Have a life; make money and play golf and have fun... and enjoy the money you made before you get old... LoL

Any reason that you must trade lower lots; with low leverage; on weekly or daily charts?
  • #50
  • Jan 17, 2007 12:22am Jan 17, 2007 12:22am
Quoting don perry
lol. I would love to see a professional trader trading the 5 min chart. I bet even he would have his fingers crossed and bitting his nails.

Everyone's point was well taken. The daily chart may be key, but not for all Locks.

here are some 15 min and daily charts from USYEN
Never seen professional traders trading tick charts? 3 min or 5 min charts?

You can not even see the moves that I trade from your 15 min chart...

You do not need to cross your fingers and biting nails; unless otherwise you are a Noob... LoL
  • #51
  • Jan 17, 2007 12:27am Jan 17, 2007 12:27am
Quoting don perry
a 100 pip move on a 10 minute chart is the same 100 pip move on a daily.

but, the thing is that larger time frames give better Technical analysis signals and overall trend direction
on 10 min: you will see that 100 pips move on the graph...
on daily: you will see that same 100 pip move on a candle... one candle...

go and figure which one is easier to spot using technical analysis...
  • #52
  • Jan 17, 2007 12:30am Jan 17, 2007 12:30am
I do very well with 30 minute charts and only reference the daily charts once daily
Attached Image
Trade what you see - Not what you think
  • #53
  • Jan 17, 2007 6:40am Jan 17, 2007 6:40am
Quoting doblece
Reversal patterns:
http://stockcharts.com/education/Cha...reversal1.html
on behalf of sun, THANK YOU
  • #54
  • Jan 17, 2007 6:40am Jan 17, 2007 6:40am
Quoting summitfx
This must be bonehead day at the factory. Sun- Get a grip- It's not magic- It takes lots of reading and learning, chart watching. etc.. Personally, I don't think you have what it takes. Save yourself a lot of frustration and learn to preach or something. Get down on your knees and ask for forgiveness young man
well said
  • #55
  • Jan 17, 2007 6:41am Jan 17, 2007 6:41am
Quoting linuxtroll
on 10 min: you will see that 100 pips move on the graph...
on daily: you will see that same 100 pip move on a candle... one candle...

go and figure which one is easier to spot using technical analysis...
i agree.
  • #56
  • Jan 17, 2007 6:42am Jan 17, 2007 6:42am
Quoting summitfx
I do very well with 30 minute charts and only reference the daily charts once daily
cool. ...........
  • #57
  • Jan 17, 2007 6:53am Jan 17, 2007 6:53am
hehehehe...

LMAO :
  • #58
  • Jan 17, 2007 4:02pm Jan 17, 2007 4:02pm
I just got back from a day of offshore fishing here in South Florida.

Looks like there was an attack of diarrhea of the mouth around here today.

As I said on my first port on this topic I trade daily and and down to 4hr. Still haven't seen wtf "but not for all locks" means. I have seen others traders using 3min and 5min, but 5 ticks no f'n way. As for providing help in the form of checking elsewhere on the net or google it. Gee thank you.
  • #59
  • Jan 17, 2007 4:08pm Jan 17, 2007 4:08pm
Gee- do us all a favor and go back to sea. If I reacall you were the bonehead that started it all with your Help me I'm lost remarks

Quoting SunTrader
I just got back from a day of offshore fishing here in South Florida.

Looks like there was an attack of diarrhea of the mouth around here today.

As I said on my first port on this topic I trade daily and and down to 4hr. Still haven't seen wtf "but not for all locks" means. I have seen others traders using 3min and 5min, but 5 ticks no f'n way. As for providing help in the form of checking elsewhere on the net or google it. Gee thank you.
Trade what you see - Not what you think
  • #60
  • Jan 18, 2007 7:09am Jan 18, 2007 7:09am
I find it funny how a number of people in this thread try to impose their favourite time frame upon others or the time frame that they're most successful with onto others.

I think it's rather silly. Just because one can't find a way to work with certain time frames does not mean others cannot do it.

There's a chinese saying which describes a toad who sits in the bottom of a well looking up... thinking the sky is only as big as the circular section revealed by the opening of the well.

Let us not become similar to that toad.
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