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5 minute Wave Analysis. (Intraday price action method)

  • #201
  • Feb 24, 2009 12:10am Feb 24, 2009 12:10am
Quoting Brian8182
Does anyone know if skype's chat feature supports 100+ people?
Hey Brian, I downloaded MIRC and joined #brian8182 but I don't see anything. What am I doing wrong?
  • #202
  • Feb 24, 2009 12:12am Feb 24, 2009 12:12am
You need to connect to the server: irc.ircforex.com
  • #203
  • Feb 24, 2009 2:15am Feb 24, 2009 2:15am
Quoting Brian8182
Does anyone know if skype's chat feature supports 100+ people?
150max
  • #204
  • Feb 24, 2009 2:18am Feb 24, 2009 2:18am
Hi Brian / All;
Trying to make drawing waves more clear... Which is the way you would draw waves.. "All" (on left) or "Majors" (on right)?
Attached Image (click to enlarge)
Click to Enlarge Name: drawing_waves.jpg Size: 50 KB
  • #205
  • Feb 24, 2009 2:58am Feb 24, 2009 2:58am
and making sure entries are clear... If 30M is ranging, then entry is on break of range on 30M. Once 30M agrees and is trending in same direction as 4H, then entries are on 5M... Correct?
Attached Image (click to enlarge)
Click to Enlarge Name: wave_entries.jpg Size: 44 KB
  • #206
  • Feb 24, 2009 2:59am Feb 24, 2009 2:59am
Hi All, i can not find any reference to the irc forex on the irc software i downloaded like Brian said to do in previous posts, i am dissapointed on missing out on all the valuable info that all you who are takeing part in the chat room, can anyone guide me through this glitch? Thanks Pat
  • #207
  • Feb 24, 2009 7:02am Feb 24, 2009 7:02am
Optik;

Let me be the first to say good job on posting a clear visual description of the strat. rules. Please post more.

TimeFreedom

Quoting optik
and making sure entries are clear... If 30M is ranging, then entry is on break of range on 30M. Once 30M agrees and is trending in same direction as 4H, then entries are on 5M... Correct?
  • #208
  • Feb 24, 2009 8:01am Feb 24, 2009 8:01am
Quoting optik
and making sure entries are clear... If 30M is ranging, then entry is on break of range on 30M. Once 30M agrees and is trending in same direction as 4H, then entries are on 5M... Correct?
optik!
you made it very clear and simple to understand, on my understanding,it is correct,but hope fully Brain can confirm it . please continue this work when you have time.
Thank you.
maritu
Still learning the Paradox
  • #209
  • Edited 8:57am Feb 24, 2009 8:25am | Edited 8:57am
chatlog for 24FEB2009 attached.

ps. last chatlog i am attaching, i am sure most people can get into the chat now
Attached File(s)
File Type: txt brian8182 chatlog 24 feb 2009.txt   93 KB | 589 downloads
  • #210
  • Feb 24, 2009 8:32am Feb 24, 2009 8:32am
Nice post optik, keep up the good work. Thanks for a clear pic
  • #211
  • Feb 24, 2009 10:39am Feb 24, 2009 10:39am
I want to agree. You really did an incredible job on your post. It helped me out a lot and cleared up areas I was confused on (which was the waves). Great job.

Quoting TimeFreedom
Optik;

Let me be the first to say good job on posting a clear visual description of the strat. rules. Please post more.

TimeFreedom
  • #212
  • Edited 4:53pm Feb 24, 2009 4:23pm | Edited 4:53pm
Jnita what trading result did you have the 24 ?

seems like you had way better than brian the 23 but you have some trades against you also that have great pips against you more than -40 where do you place your stopp ?


best regards
  • #213
  • Feb 24, 2009 5:06pm Feb 24, 2009 5:06pm
In my opinion trying to add or take away from Brians method after only 5 days following him in his room is abit hasty

Good trading Jnita and nice explanation Optik
  • #214
  • Feb 24, 2009 5:24pm Feb 24, 2009 5:24pm
Hello ladies / gents;
I appreciate the compliments on my posts trying to clarify this method. I was actually hoping to get confirmation and verify that I understood the method correctly

I believe the 2nd post - the entries - to be correct... However, I remain uncertain on drawing the waves. That's why I posted 2 images side by side. Depending on which way you drew the waves, you'd get opposing 4H trend direction. Can anyone (Brian?) verify which method is correct?

Once I get that cleared up, I'll be posting an illustration of my setup and how I watch 10 pairs on one screen trading this method, without having multitimeframe charts open - another often asked question in the chat.
  • #215
  • Feb 24, 2009 5:27pm Feb 24, 2009 5:27pm
I agree. I think this is a great thread and we must give it time. It's strictly price action, so really there is no improving it. We are already looking at 3 time frames. We will have losing days. There is no avoiding that. As long as we continue to help each other, I'm sure there will be many traders who come from this thread that finally learn how to trade correctly and that's with no indicators.

Quoting merino
In my opinion trying to add or take away from Brians method after only 5 days following him in his room is abit hasty

Good trading Jnita and nice explanation Optik
  • #216
  • Feb 24, 2009 9:48pm Feb 24, 2009 9:48pm
Quoting optik
Hi Brian / All;
Trying to make drawing waves more clear... Which is the way you would draw waves.. "All" (on left) or "Majors" (on right)?
I use all waves
  • #217
  • Feb 24, 2009 9:49pm Feb 24, 2009 9:49pm
Quoting optik
and making sure entries are clear... If 30M is ranging, then entry is on break of range on 30M. Once 30M agrees and is trending in same direction as 4H, then entries are on 5M... Correct?
Thank you very much for doing these! I think these give a very clear look at how to enter with this system. Great work.

Thanks again!
Brian
  • #218
  • Feb 25, 2009 12:00am Feb 25, 2009 12:00am
Hello Brian:

If we have a UP wave in 4h TF and it is in a DOWN pullback, the entry has to be done when the price breake UP the last HH of the down move in 30m TF?

Please let us know how do you the end of the pullbacks.
  • #219
  • Feb 25, 2009 5:45am Feb 25, 2009 5:45am
Hi Brian, i have downloaded IRC Nibbit to my laptop, IRC keeps telling me there is an error and i have a up to date, version of Java and i can not get your channel on Nibbit, at trhis stage i an pulling my hair out trying to figure it out can you give me any info to help me rectifythis problem, ThanksPat
  • #220
  • Feb 25, 2009 5:57am Feb 25, 2009 5:57am
Quoting rtcw37
Hi Brian, i have downloaded IRC Nibbit to my laptop, IRC keeps telling me there is an error and i have a up to date, version of Java and i can not get your channel on Nibbit, at trhis stage i an pulling my hair out trying to figure it out can you give me any info to help me rectifythis problem, ThanksPat
This link has been working fine http://widget.mibbit.com/?settings=3...l=%23brian8182
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