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  • #45,181
  • Nov 13, 2008 9:52am Nov 13, 2008 9:52am
Quoting ak4x
he moves a'rd alot and may not see your post... I'd expect it means DownTrend channel...
a'rd means? ya, DT mean downtrend.
  • #45,182
  • Nov 13, 2008 9:56am Nov 13, 2008 9:56am
AK4X,

I am posting a chart that I had set up a few weeks ago when AK4X and I talked via PM. Until today, I was just meandering around with this chart, actually using it as a back-up/confirmation chart but viewing it only on M5 or M15. After reading your back-and-forths with Cobra (my Man!), I decided to add the 200sma to my chart and then expand out to the H1. Lo and behold, I see the S&R lines fall into place like Cobra said.

AK4X, I take it you use these all the time, in addition to other charts. Looking at this chart (below), one could assume that what is holding price down at present is a failure to close above the 50ema. I tend to believe this because, while ranging, price really has been trying to move UP for the past several hours (my thought). Make sense to you that if we get a close above 50ema, we might hit at least yesterday's high of 2632, and then on to 2800?

Thanks to you both for prompting me to re-visit. If I've got something skewed in this, by all means please sound off. I usually don't use someone else's templates, but rather seek to understand and create "in my image".

Best in trading,
Ed

Edit: We just got an hour close above that 50ema. Now to watch and learn.
Attached Image
Up or down, gimme a ticket
  • #45,183
  • Nov 13, 2008 10:02am Nov 13, 2008 10:02am
Quoting cobraforex
To avoid counter trades it is good idea to check on higher TF’s the actual trend, if the 4H candle for ex. shows short, trade only short in 5M for example, you can go wrong only if the main trend changes.
I’m happy that you like the THV, I’s a good system but there is no perfect one, bad trades need to be covered by a good MM.
I trade on 1min and 5 mins. I will use H1 hour and H4 to see bigger picture.

I agree with you having a good MM is very important. Not all my trades are perfect, but at least my MM helps me to grow my wealths...

Thanks for your unselfishness of sharing.

Cheers
  • #45,184
  • Nov 13, 2008 10:07am Nov 13, 2008 10:07am
Quoting doblece
Metatrader4 works on... Windows .(period)
I think that Blackberry has its own propietary operating system ( it does )
I only found this info about Oanda (which BTW was especially designed for Blackberrys) but I guess it's only limited to the FX Converter tool:
http://www.mmdnewswire.com/oanda-goe...ar-3162-2.html


Edit: found this info at MG Trading (not limited to an OS, just requiring a web connection):
http://www.mgforex.com/eng/forex-too...bile-forex.htm

Thank You... all good info.
I am using FX sol, and Oanda, but neither work with my "older" blackberry.... so far... still tweeking

i like what i see at MG trading so far, i think it does work, as the blackberry 7130e i have does access the web quite well.

tanks again..... Albert
  • #45,185
  • Nov 13, 2008 10:09am Nov 13, 2008 10:09am
Quoting SpecialEd
we might hit at least yesterday's high of 2632, and then on to 2800?
Don't tell me that please, I'm sitting on a sh$tty 1M short trade that I forgot to kill during posting.

Update: Just got it with 14 green pips hitting the DP
  • #45,186
  • Nov 13, 2008 10:12am Nov 13, 2008 10:12am
Quoting A J 4
Thank You... all good info.
I am using FX sol, and Oanda, but neither work with my "older" blackberry.... so far... still tweeking

i like what i see at MG trading so far, i think it does work, as the blackberry 7130e i have does access the web quite well.

tanks again..... Albert
I'm glad to know that, on my side I even made 26 green pips on the demo and though I couldn't see the confirm button on my screen and had to guess-click, LOL... Orders are closed OCO style. Very simple to use... You can't be logged in from two places though.

BTW wasn't MG trading an ECN? Will research further... I like this online option better than an installed software for a mobile device...
  • #45,187
  • Nov 13, 2008 10:20am Nov 13, 2008 10:20am
Quoting cobraforex
Don't tell me that please, I'm sitting on a sh$tty 1M short trade that I forgot to kill during posting.

Update: Just got it with 14 green pips hitting the DP
Way to go! You've been busy Cobra. Hope you're in the green.
Up or down, gimme a ticket
  • #45,188
  • Nov 13, 2008 10:25am Nov 13, 2008 10:25am
Quoting SpecialEd
Way to go! You've been busy Cobra. Hope you're in the green.
Yeah, but I violated my rule #1: Don't drink and drive or better: Don't post and trade.

But went well, everything fine.

Gonna work a bit on the new THV thread thingy, see you.
  • #45,189
  • Nov 13, 2008 10:32am Nov 13, 2008 10:32am
Quoting cobraforex
Gonna work a bit on the new THV thread thingy, see you.
Suggestion: Maybe you can post somemore examples of the trades that you have executed with THV in your new thread. It will give others a better pictures.

  • #45,190
  • Nov 13, 2008 10:34am Nov 13, 2008 10:34am
Quoting eddiemiller
Cobra... is this your other system, or a new system??? Just playing with the THV and now confused as this may be the way to go?
Some of you guys crack me up. Sheesh, you haven't even begun to delve into the basics of the first system Cobraforex put up on his website, and now you want to jump on another just because he mentions it here, on this forum? Why do you all need someone to tell you which is the way to go? Would you follow him off the end of a cliff because he said that was the road to riches?

And, by the way, I'm not singling you or anyone else out here. But if this sounds harsh, its meant to. Park your ass in front of your computer and stare at the bloody screen. Watch the movement of those cool looking colored bars, and LEARN. And then formulate YOUR very own methodology that will allow you success in this game. If your only purpose in being here is to wait for someone to show you a new "SYSTEM" so you can bounce from one to the next, and the next, and the next, then you WILL lose your money. You will lose ALL your money. And your presence in this forum will have been an exercise in frustration and futility.
  • #45,191
  • Nov 13, 2008 10:38am Nov 13, 2008 10:38am
Quoting cobraforex
To avoid counter trades it is good idea to check on higher TF’s the actual trend, if the 4H candle for ex. shows short, trade only short in 5M for example, you can go wrong only if the main trend changes.
I’m happy that you like the THV, I’s a good system but there is no perfect one, bad trades need to be covered by a good MM.


[font=Arial]Forgot: I use a kind of Jacko AH, that means that if I got stopped out on a bad trade I wait till the trend comes back to my direction...

I have also been taking trades with the trend on THV, generally speaking. However today seems to be "in between" in some ways. Trend on shorter term charts generally up tho long term still down. In addition, we are hanging out around the pivot for the most part. So it's hard to say what the trend is for me since I'm trading on the 1 min. I had a bad trade because I tried to enter a long just below the pivot, and I was a dufus because I wasn't paying attention to it (it is dark blue in color so was a little hard to see, I have since changed the MT4 code to make it magenta). Once I got it in my head where that pivot is, I am staying away from trades around there. Overall, still up for the day even with the dumb@ss trade.
  • #45,192
  • Nov 13, 2008 10:42am Nov 13, 2008 10:42am
Quoting Turhovach
Some of you guys crack me up....
I think sometimes your words are a bit harsh, but I think we all need a kick in the @ss sometimes. I like that attitude every now and then.
  • #45,193
  • Nov 13, 2008 10:45am Nov 13, 2008 10:45am
Still to much volatility on the market... Im looking for lower target ,2400 but .2500 hold not for a long time...
  • #45,194
  • Nov 13, 2008 10:46am Nov 13, 2008 10:46am
Quoting Turhovach
Some of you guys crack me up....Park your ass in front of your computer and stare at the bloody screen. Watch the movement of those cool looking colored bars, and LEARN. And then formulate YOUR very own methodology that will allow you success in this game. If your only purpose in being here is to wait for someone to show you a new "SYSTEM" so you can bounce from one to the next, and the next, and the next, then you WILL lose your money. You will lose ALL your money. And your presence in this forum will have been an exercise in frustration and futility.
Well said!

It always confuses me to see just how many people want to lap up the expertise of those who appear to know, rather than formulating their own system - thereby not having to rely on the wisdom (and sometimes folly) of others. In the past, I have generally found that when I tried to follw information supplied by others - i.e. information I did not 'own' because it wasn't something I has formulated for myself, the results were patchy and usually led to a loss.
The framework is there; we just have to work on our frame of mind.
  • #45,195
  • Nov 13, 2008 10:56am Nov 13, 2008 10:56am
I'm not confused today, I'm convinced those trading on Wall Street today are flying high on crack cocain. Someone send em to lunch to chill.
Redefining Reality
  • #45,196
  • Nov 13, 2008 10:57am Nov 13, 2008 10:57am
Quoting piptechnician
I'm not confused today, I'm convinced those trading on Wall Street today are flying high on crack cocain. Someone send em to lunch to chill.


Edit : Maybe they are brewing some HIGH stuffs...
  • #45,197
  • Nov 13, 2008 11:02am Nov 13, 2008 11:02am
I am DEAD o_O
  • #45,198
  • Nov 13, 2008 11:06am Nov 13, 2008 11:06am
Quoting Turhovach
........And, by the way, I'm not singling you or anyone else out here. But if this sounds harsh, its meant to. Park your ass in front of your computer and stare at the bloody screen. Watch the movement of those cool looking colored bars, and LEARN. And then formulate YOUR very own methodology that will allow you success in this game. If your only purpose in being here is to wait for someone to show you a new "SYSTEM" so you can bounce from one to the next, and the next, and the next, then you WILL lose your money. You will lose ALL your money....
Uff, hard words, but Turhovach is right, it sounds hard but it is the naked bloody reality.

Before trading live you NEED to have a system that you believe in and exercised during a learning period to fully understand it and at the end stick on the rules.

Only that will give you a firm and clear trading decision and profit.

On the other side every trader needs a certain basic knowledge, which means to spend some bucks for educational books or for the lazier ones videos and a lot of screen time lurking in different threats about MM etc.

Forex is a profession and can’t be learned in one month, it is a very hard learning process and most new traders never arrive where they wanted to go to.

Once someone posted “I love Forex, it is so fancy how the colors change”

There is no fancy thing and doing it all days long it is boring like most professions where you constantly need to make money to feed the hungry families mouths.

Anyhow take it easy, all of us jumped through this way.

BTW: just finished the last words on the new THV thread and will post it during the weekend
  • #45,199
  • Nov 13, 2008 11:07am Nov 13, 2008 11:07am
my 15m on EU. break top then long. break bottom then short. SIMPLE
Attached Image (click to enlarge)
Click to Enlarge Name: EU 13Nov08 m15.gif Size: 8 KB
  • #45,200
  • Nov 13, 2008 11:10am Nov 13, 2008 11:10am
Quoting mphpopular
my 15m on EU. break top then long. break bottom then short. SIMPLE
Life is EAZY ... but the problem is in us.

may god bless my soul ....... :S
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