No Brainer Trades

Don't you OBSERVE rather than PREDICT market type? No pun intended.

Earlier, I posted that some indicators are "wake up calls" rather than triggers.

A trigger is a price point at which you enter the trade. One can use the pivot point (H+L+C)/3 of the previous candle as a trigger. You can enter when price touches the trigger or when price closes above the trigger. I prefer touch.

So if you see a big "3", then if prices touches the previous candle's pivot (brown dot), you enter the trade.

The pivot is not the only trigger that can be used.

I hope this explains how to use "repainting" indicators and ends the debate.

Your making this way too complicated.....

I do observe but usually it is too late because you have already made your choce either to fade or to follow. You need to predict it some how because it determines your strategy. It looks like the only way to do it is use fundamentals as BRV does. Instead of "high probabilty trading" we need to have "high probability analysis of fundamentals". So, if your analysis shows that ranging is more probable - use NBT, if odds are stacked for a fundamental breakout - use reverse NBT.

I really like the way how BRV interprets fundamentals (remember how he put everything on hold and later voided all pending trades based on FA).

BRV, may be you could start another thread dedicated to FA

What is "too late"? 5 pips? 10? And on what time frame? A simple pivot point trigger may be all you need to enter.

Perhaps if you posted a chart, I would see what you see. Thank you.

Someone said they didn't like 1-2-3 indicators. But looking at the charts BRV has posted, aren't the lines almost always drawn at a 1-2-3 point?!

Potential pattern forming at pretty well defined support.

Hi Codemuncher,

I don't mean to be rude but I am not sure why you continue to post your chats and talk about your indicator/identifier. I know that many people on this thread must be thinking the same thing that I am thinking. The first thing you will notice about this thread is that you are the only one that has your S&R indicator. So why do you continue to discuss an indicator that only you have on your charts? It's not like anyone can follow along with you. To me, it seems rather pointless. The majority of the people here are trying to learn the basics of manually indentifying S&R and following what BRV is showing us. I am not saying your indicator doesn't have some merit but can't you take that discussion elsewhere! You post a chart telling everyone it's a 123 set up and the only thing that everyone sees is those little dots on your chart which mean nothing to the majority of the people here. I don't find your charts educational or helpful in any way. I would rather you draw some lines on your chart and place some text on your chart so I can understand why you would enter and where you would enter your position.

I have noticed that several people have requested your indicator but as far as I know you haven't shared it with anyone. Again I will ask, what's the point of your posts? If it's about your indicator then please start your own thread and show it to everyone who is interested in it. Honestly I am tied of looking at pages of your posts that add very little value to this thread.

Ok settle down or I'll turn this thread around right now!



No, I'm serious!



Don't make me take off my shoe!



That's better.

Hi,

Closing yesterdays trade 16680. Not sure if that same level above will hold again and subjectivity sucks.

Just wanted to put some discussion out there for all to benefit. Glad to have you with us. If the USDCHF pushes up into the 1.1080-1.1100 area I would be looking to sell. As the market stabilizes some this week we could see consolidation across the majors or some reversing. After Labor day holiday here in the states (First Monday in September for our UK friends) then we tend to see some more trending. For as crazy as August is September is usually much more satisfying.

Hi Ironman....
What is it you see that I don't ?
I'm kinda new to this way of looking at trading so bear with me.
as to trading the USD/CHF ... I am still long that pair in my basket, why are you saying you would short it at the levels you mentioned?
Thanks for your help, johnedoe

I had requested Codemuncher provide links to, or directly upload his indicators in the past. He politely and briefly replied to me in a PM suggesting I could find them by doing a Google search on a phrase he provided. I did this and was returned to another discussion board. Digging deeper I found a reference to one of his indicators, but no link. Digging deeper still, I found a website where a number of indicators were being made available, but not the specific one I was looking for. And I am very much simplifying the whole story here-- Okay, so I'm not as young as I once was, and I tired of the seeming runaround. Maybe I just got lost... anyway...

I'll not go into the details beyond that out of respect for the theme of this forum. I would very much like to demo these indicators that Codemuncher is showing us just to better understand them (I sometimes have time to do so), and judge for myself if I can make heads or tails out of their signals.

However, it looks as though Codemuncher has a motive for NOT directly distributing his (or these) indicators on this forum. What that might be could be debated for the next 10 forum pages. I beg everyone to NOT DO SO. In the end, I'd still like to fiddle with them, and if he chooses to make them available here, or somewhere else on ForexFactory I'll happily download them. But I'm not keen on going somewhere else to get them, and I think it is bad form to tout them here, insisting they apply to this forum without better explaining how to get them, or starting another forum to focus on how he uses them.

This is not a lobby to make Codemuncher and his postings stop. I urge you, Codemuncher, to be more direct in sharing these indicators, OR at least more direct in explaining what "No Brainer" trades they indicate we should take. The forum is pretty well established on how one would do this. Codemuncher, you have demonstrated the ability to post charts and write eloquently. Perhaps I've missed specific calls you've made, but if they are not titled with "Track" I probably missed it as I often don't pay too close attention to the calls others make that they don't request be tracked... This way, at the very least, we could see that YOU are able to interpret the signals from your indicators, and a track record can be constructed to prove the viability of your approach.

I don't see a need to debate what I've written here. I'll not comment further or respond. I'll not answer ANYBODY's questions on this subject. Codemuncher will see value in my suggestions, or not. I hope he does.

Meanwhile, for those of you who are irked by his inputs, you ALWAYS have the option of NOT READING them. If you know it will upset you, why do you WANT to read it? Just let it be. I only worry about newby's who will clog this thread with questions that Codemuncher might seem inclined NOT to answer directly. So be it. If that occurs I might see a need to insist Codemuncher host a new forum apart from this one. For now, I'd be satisfied with the indicators and/or "No Brainer" that we could all relate to... Not that I'm anybody's boss... Just my opinion... Everyone's got one, I'm sure.

Qman

I have been unable to decipher codemunchers ramblings so I had to put him on my ignore list to reduce the clutter, I couldn't read through it anymore.

nice call, sorry i'm only now seeing it!

Buy EUR/USD 1.4611

On the last uptrend turned downtrend, the level was used as a strong point of support and held up in the past throughout that. With the beating up of the current downtrend I'm looking for a fairly sizeable move in the opposite direction around now and going forward. This is the next level I have.

Buy USD/JPY 109.14-109.08

This one is pretty clearly visible from both a 1hr and 4hr; a failure of this an 108.37 will see a bounce.

Hello BRV,
I have been shorting the EUR/USD for several weeks now, and will continue to do so until I get a clearer picture of the reversal, what are you basing your projection on?

Sell NZD/USD 0.7220-0.7216

Again, pretty clearly visible. Any normal scenario and its an easy fade.

Sell USD/CAD 1.0785-95

61.8 retracement is just about on the 1.0800 level. I'm watching for a fade of 1.0760 just in case option barriers are in place in order to keep price away from the 1.0800 mark, also. But either way, its getting some attention.