DislikedI did note on your website that you say a buy at 1.3637, so I assume that you would indeed take a long trade here. Please correct me if I am wrong.Ignored
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DislikedI did note on your website that you say a buy at 1.3637, so I assume that you would indeed take a long trade here. Please correct me if I am wrong.Ignored
DislikedINDICATORS............
DON'T JUST GET IT???
PLEASE DON'T MAKE ME LOG OUT OF THIS THREADIgnored
Disliked"Bottom of the Bucket" pattern again....they're out there more than some might think.
Thanks!!Ignored
DislikedTOTALLY AGREE WITH YOU !!!!!
HELP !
Please leave this great system, like it is.
For larger timeframes. Here´s more and more intraday stuff, but this is not the original system !!!!
BACK TO THE ROOTS.
Correct me if i´m wrong.Ignored
DislikedI still contend the best way to make money in forex is to kidnap a noob and fade every trade they make, although the legality of this method is somewhat contentious.Ignored
QuoteDislikedOriginally Posted by urchman http://www.forexfactory.com/images/buttons/viewpost.gif
INDICATORS............
DON'T JUST GET IT???
PLEASE DON'T MAKE ME LOG OUT OF THIS THREAD
DislikedTOTALLY AGREE WITH YOU !!!!!
HELP !
Please leave this great system, like it is.
For larger timeframes. Here´s more and more intraday stuff, but this is not the original system !!!!
BACK TO THE ROOTS.
Correct me if i´m wrong.Ignored
Dislikedhi,
why would you say, stochrsi coded for metatrader wouldn't work ? isn't this the same one ? Coders here are quite good
anyway i have this one...could you check it out, if it's like the one your using or not...also, what parameters you use for that ? thanks.Ignored
Dislikedahhh, i just wrote a hell of a long reply and it got erased
I'm just gonna put the last sentences of my lost text:
While this thread was originally about plain S/R analisys, i am very grateful that BRV's main aim has become more on progress and constant learning.
Guys, pure techincal levels are just half the story what moves the markets and the more you trade only the levels the more you feel that you want to learn further.
This indicator was, again, something new and interesting. We can all plot the obvious S/R lines but how can you tell which is gonna hold and which not and so on.
Have you noticed that BRV has recently put more emphasize on "other than technical levels" factors ?
anyway, guys, have you heard a saying: the only constant is change ?
btw i love the intraday stuff...if you only stuck with S/R levels and larger timeframes you should've logged out a loooooong time ago cause you just ain't got anything else to learn(no offence intended)
take care.Ignored
Dislikedlol I have thought about paying loosing traders to make one call a day and build an index out of them. I think that is the premise behind a sentiment index , not sure though.Ignored
DislikedWell, I don't use indicators, I don't watch the news (that frequently), I don't watch for correlations, yet, I'm still profitable and happy. Oh, and I only trade EUR/USD.
This system is great and if a S&R level will hold depends on the current market conditions and price action. Nevertheless, sometimes these levels will fail no matter what, but until your profits are greater than losses and you are at least 50% of the time correct, you have nothing to worry about.
Remember, if you have a $20.000 account and you risk 1,5% per trade (with a 40 pip SL) and you manage to get "only" 120 pips per week, thats 3.600 USD per month!
I don't know about you guys, but that's more than enough for me. It really is.Ignored
DislikedI very much doubt the big boys are looking at MACD's, unless they're looking to fade the newbs when they're getting the entry signals. In fact, I know of at least one top trader who does exactly that.Ignored
DislikedI was reading one of these forums not long ago and there was a newb who was frantically trying to figure out what was going wrong with his trading, desperately asking questions. He admitted (and it must have taken some courage to do so) that out of his last 20 trades, he had lost 19 of them. See where this is going? There ain't no ban on short selling in currencies.
The Commitment of Traders report groups the long and short positions (commitments) of market participants (traders) and groups them as non-commercial or commercial. The moral of the story is to follow the big boys and fade the little fish. As I said earlier, the professionals who move the market are either early or dead on time, but never late. If they appear to have arrived late, it's because they're moving the market the other way. There's a lot of wisdom in that. We can't emulate them in every way but there are things we can learn, and when one of them jumps ship from the 'other side' like BRV and throws out a few nuggets (and some), we catch a glimpse of what trading profitably and consistently is really about. I very much doubt the big boys are looking at MACD's, unless they're looking to fade the newbs when they're getting the entry signals. In fact, I know of at least one top trader who does exactly that.Ignored
DislikedMy first day of trading live was on the 5 min charts in a very fast semiconductor stock in 2001. I bought the high almost to a tick and sold the low almost to a tick.Ignored
DislikedBRV was talking about correlations between commodities, equities and the foreign exchange markets the other day. Here is an excellent daily newsletter from BlackSwanTrading.com, which gives the daily lowdown and a few thoughts from the pros about the markets. Todays one gave a really good overview and some great charts on how these correlations have held up recently and what the future may hold.
http://www.blackswantrading.com/file...sccc100908.pdf
You can sign up to receive these free daily newsletters (Currency Currents) from the website.Ignored
Dislikedhi ,
I've asked about the bucket at page 280 maybe you've missed that , there was also some charts , I'll appriciate it if you can take a look as it seems you really understood how it works , any way the qeustion was :
just let me see if I got it right , you get in for long \ short where the red arrows are ?
but how do you know when to get in ? it can sometimes look like a false signal - yellow arrows , what kind of stop I need to use ?
and what is a good take profit for this kind of trade?
thanksIgnored