Dislikedbsh:
The US markets have now turned into a global problem. This is crazy stuff....Ignored
- #17,322
- Oct 6, 2008 2:06pm Oct 6, 2008 2:06pm
- | Joined Apr 2005 | Status: Cruising The Outer Rim... | 2,175 Posts
- #17,324
- Oct 6, 2008 11:47pm Oct 6, 2008 11:47pm
I made a wrong trade of eu. It has formed a invert harmmer which is very like 11th Sep. 12:00, but this one false.
I read book of Japaness Canlde Pattern and know that invert harmmer NEED THE NEXT CANDLE TO CONFIREM IT. That's true. Also hanging man need a confirm canlde, it seems that harmmer and shooting star don't need such confirmation, but we definitely should pay more attension about these CT trades because price maybe not stop its previous trend and I do meet the cases that the two pattern false(That means the price even doesn't go with 20pips in your direction). We need the confirmation. Look out!
Hope you don't make same mistake as me.
yesterday's EU
11th Sep. EU
I read book of Japaness Canlde Pattern and know that invert harmmer NEED THE NEXT CANDLE TO CONFIREM IT. That's true. Also hanging man need a confirm canlde, it seems that harmmer and shooting star don't need such confirmation, but we definitely should pay more attension about these CT trades because price maybe not stop its previous trend and I do meet the cases that the two pattern false(That means the price even doesn't go with 20pips in your direction). We need the confirmation. Look out!
Hope you don't make same mistake as me.
yesterday's EU
11th Sep. EU
Plan your trades and trade your plans
ADX gave signal on 1 hour and I took it! On my demo of course.
Entry with half original lotsize because of huge stoploss.
E: 1.7445
SL: 1.7550
TP: 1.7330
Well that was the fastest 115 pips ive banked.
Haven't managed to catch anything these last 2 days, oh well at least i'm saving my ammo!
- #17,331
- Oct 7, 2008 4:24am Oct 7, 2008 4:24am
- | Joined Apr 2005 | Status: Cruising The Outer Rim... | 2,175 Posts
Hello FF,
This is my first post on ForexFactory, even tho I deal stocks for over a year, Forex for about 8 months, and went live three months ago
I have tested about 50 FF systems, and have noticed most of them look the same. The guy takes 3, 4 or 5 random indicators, puts them together and names that a 'signal'.
No different from flipping a coin.
Three systems in FF have changed the way I look at financial markets, and even live itfself (LOL, but seriously!): Jacko, James16 and 4h-MACD.
The most didatical one and consequently, the one I've had the most experience with, was this, 4h-MACD.
I'm amazed at the way Philip Nel, Palmer, and other contributors see technical analysis. It's simplicity is amazing. I think the concept of 'Market Rhythm' is genious, and I will be forever thankful to you for teaching such quality information, and asking nothing in return.
Anyways, I have started with a U$50 micro account.
Went to U$17 in my first month, trying scalping methods with large lots
.
Now I'm currently at U$200, dealing only with your methods, added nothing to it. Risking 5% equity every trade. Trading nearly 5 times a week.
Some days there's no trading, but some days (like yesterday noon, 4h-AM candle, UP on most crosses) there's lots of 'em.
A single advice I give for whoever sees himself on my shoes: get the gist of it!
No system can ever make you profit if you don't understand it beyond reason, you have to make it automatic on your mind. You have to make it natural to you. That comes from experience alone.
At last, this post was originally a "Thank You" to Philip Nel and every other contributor working on this marvelous concept, so thank you guys!
Best regards!
Renato
This is my first post on ForexFactory, even tho I deal stocks for over a year, Forex for about 8 months, and went live three months ago
I have tested about 50 FF systems, and have noticed most of them look the same. The guy takes 3, 4 or 5 random indicators, puts them together and names that a 'signal'.
No different from flipping a coin.
Three systems in FF have changed the way I look at financial markets, and even live itfself (LOL, but seriously!): Jacko, James16 and 4h-MACD.
The most didatical one and consequently, the one I've had the most experience with, was this, 4h-MACD.
I'm amazed at the way Philip Nel, Palmer, and other contributors see technical analysis. It's simplicity is amazing. I think the concept of 'Market Rhythm' is genious, and I will be forever thankful to you for teaching such quality information, and asking nothing in return.
Anyways, I have started with a U$50 micro account.
Went to U$17 in my first month, trying scalping methods with large lots
.Now I'm currently at U$200, dealing only with your methods, added nothing to it. Risking 5% equity every trade. Trading nearly 5 times a week.
Some days there's no trading, but some days (like yesterday noon, 4h-AM candle, UP on most crosses) there's lots of 'em.
A single advice I give for whoever sees himself on my shoes: get the gist of it!
No system can ever make you profit if you don't understand it beyond reason, you have to make it automatic on your mind. You have to make it natural to you. That comes from experience alone.
At last, this post was originally a "Thank You" to Philip Nel and every other contributor working on this marvelous concept, so thank you guys!
Best regards!
Renato
Chasing Livermore...
- #17,333
- Edited 6:29am Oct 7, 2008 6:29am | Edited 6:29am
- | Joined Apr 2005 | Status: Cruising The Outer Rim... | 2,175 Posts
Hello FF,
This is my first post on ForexFactory, even tho I deal stocks for over a year, Forex for about 8 months, and went live three months ago
I have tested about 50 FF systems, and have noticed most of them look the same. The guy takes 3, 4 or 5 random indicators, puts them together and names that a 'signal'.
No different from flipping a coin.
Three systems in FF have changed the way I look at financial markets, and even live itfself (LOL, but seriously!): Jacko, James16 and 4h-MACD.
The most didatical one and consequently, the one I've had the most experience with, was this, 4h-MACD.
I'm amazed at the way Philip Nel, Palmer, and other contributors see technical analysis. It's simplicity is amazing. I think the concept of 'Market Rhythm' is genious, and I will be forever thankful to you for teaching such quality information, and asking nothing in return.
Anyways, I have started with a U$50 micro account.
Went to U$17 in my first month, trying scalping methods with large lots
Now I'm currently at U$200, dealing only with your methods, added nothing to it. Risking 5% equity every trade. Trading nearly 5 times a week.
Some days there's no trading, but some days (like yesterday noon, 4h-AM candle, UP on most crosses) there's lots of 'em.
A single advice I give for whoever sees himself on my shoes: get the gist of it!
No system can ever make you profit if you don't understand it beyond reason, you have to make it automatic on your mind. You have to make it natural to you. That comes from experience alone.
At last, this post was originally a "Thank You" to Philip Nel and every other contributor working on this marvelous concept, so thank you guys!
Best regards!
Renato
Speaking of stocks: I'm 'studying' using the same principles here to write covered calls. Find those stocks that have good rhythm. Buy the stock on a pullback to the 21 (or 50) and sell the options when the price returns to the 8 for a little more premium. One method to cover FX and stocks...beautiful!!!
- #17,335
- Oct 7, 2008 6:45am Oct 7, 2008 6:45am
- | Joined Apr 2005 | Status: Cruising The Outer Rim... | 2,175 Posts
- #17,337
- Oct 7, 2008 6:47am Oct 7, 2008 6:47am
- | Joined Apr 2005 | Status: Cruising The Outer Rim... | 2,175 Posts
- #17,338
- Oct 7, 2008 6:56am Oct 7, 2008 6:56am
- | Joined Apr 2005 | Status: Cruising The Outer Rim... | 2,175 Posts
