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Simplicity is the ultimate form of sophistication ( Elite )

  • #161
  • Mar 30, 2008 2:36pm Mar 30, 2008 2:36pm
n8 guys, see you tomorrow european session, to catch some trades
  • #162
  • Mar 30, 2008 2:38pm Mar 30, 2008 2:38pm
Thank you sir.I am back in action.Really excited to try this out!!Good trading to you!!
  • #163
  • Mar 30, 2008 2:53pm Mar 30, 2008 2:53pm
Here's another question-
You say not to enter on big bars.
What is a big bar? How do you define "big"?

Below is a chart you posted of good entries. The last two entries you show appear to be huge bars- 8 or 10 x their previous bars.
Attached Image (click to enlarge)
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  • #164
  • Edited 3:40pm Mar 30, 2008 3:27pm | Edited 3:40pm
Quoting billbss
Here's another question-
You say not to enter on big bars.
What is a big bar? How do you define "big"?

Below is a chart you posted of good entries. The last two entries you show appear to be huge bars- 8 or 10 x their previous bars.
I think he was just throwing somthing up as an example. Each pair will have different size candles based on that pair. You will have to use some inititive and define what is big to you I think. Flame might have more insight. Lately each pair has seen huge volitility at certain times, but I define a larger than normal candle by what my stop loss used to be for a currency pair. I used a 60-80 pip stop loss for P/J and G/C, 40 for G/U and U/J and 30 for E/U. If I see candles that are this big on my 15m charts I will consider these big candles. My new stop losses have changed to reflect the rules waterflame has descibed.

Thanks for having the patience to answer all our questions Karim.

-Kevin

Here is another video you might enjoy. Someone posted this on aus's call room last week.
Inserted Video
  • #165
  • Mar 30, 2008 4:11pm Mar 30, 2008 4:11pm
Quoting Kevyluvu
I think he was just throwing somthing up as an example. Each pair will have different size candles based on that pair. You will have to use some inititive and define what is big to you I think. Flame might have more insight. Lately each pair has seen huge volitility at certain times, but I define a larger than normal candle by what my stop loss used to be for a currency pair. I used a 60-80 pip stop loss for P/J and G/C, 40 for G/U and U/J and 30 for E/U. If I see candles that are this big on my 15m charts I will consider these big candles. My new stop losses have changed to reflect the rules waterflame has descibed.

Thanks for having the patience to answer all our questions Karim.

-Kevin

Here is another video you might enjoy. Someone posted this on aus's call room last week.
http://www.youtube.com/watch?v=rOVXh4xM-Ww

He was throwing that chart up with the expressed intent of showing proper entrances.

That's why I am trying to reconcile his stated rules with the charts he shows. There appears to be some contradictions.
  • #166
  • Mar 30, 2008 4:45pm Mar 30, 2008 4:45pm
Quoting hayseed

keep in mind, unless i'm mistaken , he is not using the standard cci......h
Thanks for your reply hayseed.. i know waterflame uses another one but the said the standard was ok. btw if i open the properties of the cci i can change the style but that is for all the lines.. i only want the zero line to stand out..
anyone any suggesstions
  • #167
  • Mar 30, 2008 4:50pm Mar 30, 2008 4:50pm
Quoting billbss
He was throwing that chart up with the expressed intent of showing proper entrances.

That's why I am trying to reconcile his stated rules with the charts he shows. There appears to be some contradictions.
I will prepare something for you, give me a moment.

There are no contradictions, but maybe my lack of language to explain you properly what i mean.

Visuals will make it easier to understand!
  • #168
  • Mar 30, 2008 4:55pm Mar 30, 2008 4:55pm
If you have MT4 you can download the indicator that was posted earlier in this thread.If not the regular CCI with a 34 setting works.I have the levels -200,-100,0,100,200 on mine to get a feel for where I need to exit the trade.I am waiting anxiously for a trade now....sleeping threw the london...damn!!Maybe tomorrow asian session will get me in..good trading to you all!
  • #169
  • Mar 30, 2008 5:03pm Mar 30, 2008 5:03pm
Second target hit on the U/J short trade.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpywithexit2.gif Size: 16 KB
Is your SL my TP?
  • #170
  • Mar 30, 2008 5:20pm Mar 30, 2008 5:20pm
I will give by examples and definitions, when, why and how you take the final descision for entry, with the help of the candles, to not get in the trap of a sick market.

Please follow the step by step initiation in the graphics, i will name the candle proceeding with numbers, so you can identify wich candle i am talking about.


Healthy mood give good candle formations!


http://www.abload.de/img/lesson1t4t.gif
  • #171
  • Mar 30, 2008 5:39pm Mar 30, 2008 5:39pm
Thats realy sick


http://www.abload.de/img/lesson2oal.gif
  • #172
  • Mar 30, 2008 5:39pm Mar 30, 2008 5:39pm
Quoting Waterflame
I will give by examples and definitions, when, why and how you take the final descision for entry, with the help of the candles, to not get in the trap of a sick market.

Please follow the step by step initiation in the graphics, i will name the candle proceeding with numbers, so you can identify wich candle i am talking about.


Healthy mood give good candle formations!

Just wanted to say good work waterflame!
  • #173
  • Mar 30, 2008 5:44pm Mar 30, 2008 5:44pm
Quoting carrera87
Just wanted to say good work waterflame!

you are welcome mate


ken i see your fib charts, looks interesting man, i will follow it..., thanks for posting
  • #174
  • Mar 30, 2008 5:55pm Mar 30, 2008 5:55pm
Quoting Waterflame
you are welcome mate


ken i see your fib charts, looks interesting man, i will follow it..., thanks for posting
offcourse you can see it only i don't quite know what you mean by fib charts ?
  • #175
  • Mar 30, 2008 5:57pm Mar 30, 2008 5:57pm
Flame,I was looking at the 4 hour, and man it looks pretty good.I know longer timeframe is more accurate signals. Have you used this on the 4 hour?
  • #176
  • Mar 30, 2008 6:56pm Mar 30, 2008 6:56pm

[quote=Waterflame;1928138]Thats realy sick
yea, that's why many go on pullback
so, how we would define big candle?
ASilver conceder "missed the train" if candle flying through 61/76 fibo without stop; Randy Candles have signal candle...
(should be short, simple definition or criteria)

  • #177
  • Edited Mar 31, 2008 12:56am Mar 30, 2008 7:07pm | Edited Mar 31, 2008 12:56am
http://www.abload.de/img/activezde.gif

http://www.abload.de/img/195tff.gif

http://www.abload.de/img/2ornqr.gif
  • #178
  • Mar 30, 2008 7:13pm Mar 30, 2008 7:13pm
Quoting jlmac27
Flame,I was looking at the 4 hour, and man it looks pretty good.I know longer timeframe is more accurate signals. Have you used this on the 4 hour?
yes , you are right, but to trade the 4h manualy will be a pain the ***
  • #179
  • Mar 30, 2008 7:14pm Mar 30, 2008 7:14pm
[quote=fxxx;1928252]

Quoting Waterflame
Thats realy sick

Quoting Waterflame

yea, that's why many go on pullback
so, how we would define big candle?
ASilver conceder "missed the train" if candle flying through 61/76 fibo without stop; Randy Candles have signal candle...

(should be short, simple definition or criteria)

Call them the " market monsters " ^^
  • #180
  • Mar 30, 2008 7:24pm Mar 30, 2008 7:24pm
i exit now, nearly 170 pips in a few as 1h simple entries

http://www.abload.de/img/active1nm4.gif
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