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Psych Levels, Pivots, and Trendlines - Resurrected

  • #1,921
  • Feb 27, 2009 6:34pm Feb 27, 2009 6:34pm
Open a one minute chart of the EURUSD and watch these levels for one week.

What do you notice?

00
20
50
80

If you see nothing then this may not be for you.

Mike

==============================

We have 00 and 50 in common. You have 20/80 and I have 25/75. Personally, I don't see a problem or conflict. Do I have to move a couple of lines by 5 pips to be welcome here?
TRO
  • #1,922
  • Feb 27, 2009 6:47pm Feb 27, 2009 6:47pm
Quoting Money4Nothing
You think the problem lies with me....
And perhaps one day, my friend, you'll get that chip off your shoulder and get rid of your persecution complex.

I give up.
  • #1,923
  • Feb 27, 2009 7:39pm Feb 27, 2009 7:39pm
Quoting eyevoltage
And perhaps one day, my friend, you'll get that chip off your shoulder and get rid of your persecution complex.

I give up.
Chip? No chip. Persecution complex? Aren't we getting a tad bit personal not to mention OFF TOPIC?

Perhaps I'll just stop posting here.
TRO
  • #1,924
  • Feb 27, 2009 7:49pm Feb 27, 2009 7:49pm
Quoting Money4Nothing
Perhaps I'll just stop posting here.
You´re finally seem to get it, mate.

I´ve been running quickly through the last couple posts and to be quite honest with you, the guys in this thread offered you a hand and all you´ve done is to repeat the very same stuff, which was in my eyes not satisfying at all in case of explaining your method, explaining what it has to do with that thread and giving advice on how to take profits trading your method.

I only saw screenshots that stated - short at the red line - good for 10 pips or good for 25 pips. From what I could see, that was the maximum amount of pips that were gained, before price turned around. How is this adding any value??

Listen, pal, if I would know exactly, where price is turning around and I could have realized the 10 or 25 pips you stated in your screenshots, than I wouldn´t need your system, because my crystal ball would just do it for me and tell me where to short and where to buy.

And maybe you find my posting rude, but let me tell you that I was trying really hard to be polite but you are not making it easy for people.

So far - Thanks4Nothing
  • #1,925
  • Feb 28, 2009 1:48am Feb 28, 2009 1:48am
Quoting Money4Nothing
...Perhaps I'll just stop posting here.
This is curious, you have a Dec 2006 registration date with FF, but nearly all of your posts have been since Feb 9 of this year except for the first 3 on Dec 19, 2008.

You've suddenly plastered your charts all over several threads, and been asked similar questions by the regular posters on those threads that you've been asked by the regular posters here. Your replies have frequently been characterized by the same abrupt, defensive and condescending attitude that you've just displayed here.

You messiah types always seem to crop up and feel the need to deliver us, the unwashed masses, from our wretched trading practises. "Perhaps some day we'll realize you're telling us the Truth.." Whatever, just don't hold your breath. Wait! On second thought, do hold it.

It's your perogative of course to act anyway you want, but someone may call you on it once it falls outside the bounds of "reasonable" and this isn't the first thread in the last couple weeks to do so. You must have a boiler plate version of your "by asking questions, you reveal your fears..." post as I found exact duplicates of it on the Dibs thread word for word here at...

6:35 am Feb 25 on DIBS thread...
http://www.forexfactory.com/showthre...57#post2563257

and again at 3:40pm Feb 25 on the DIBS thread...
http://www.forexfactory.com/showpost...postcount=6747

and yet again at 4:13pm Feb 25 on this thread.
http://www.forexfactory.com/showpost...postcount=1868

Exact matches, except for the first post which has 4 additional words to start it off. Subtract them and all 3 are absolutely identical, 1252 characters each counting spaces. That's just Weird.

BTW, that hokey line about "reveal your fears" is the silliest thing I ever heard of and all you reveal with that response is some of your own issues... like you can get all that psychoanalyzing out of a single legitimate question.

In any event, you've apparently worn out your welcome on a couple other threads already and now you look primed to do the same here, so I'd suggest following thru on your suggestion to stop posting here is one of your better calls...

**********

I apologize to the thread and to EV but like Mike said, you guys have worked too hard and long here to have to put up with this...
FUBAR...
  • #1,926
  • Feb 28, 2009 4:35am Feb 28, 2009 4:35am
Money4 Nothing,

Acumen, EV and many other members told you in polite and "specific" terms of what THIS thread is all about.

You don't have to accept their logic, but you DO have to accept and respect their rules - it's not your thread after all. Start "Money4Nothing" or "Green at the line, go long" thread, and we may come and visit it (and respect YOUR rules/subject for that thread).

Ak4x pointed out that you came out of the blue and plastered several threads with your charts and your "No fear" mantra. We welcomed you here (and at DIBS), but there is a limit to any hospitality. Once again, if you want to tell people how to trade, this or other threads which were not started by you are NOT the place to do so.

You have no fear (and no SL it seem... ) - but have a look at this: http://www.hquotes.com/tradehard/simulator.html Actually, if you are already making $2-10K per day with your strategy, and have been doing so for a number of year, ignore all I said above and that link and accept my most deepest apologies (they are always sincere with me)...

P.S. EV, you may find the above link of interest, it's in line with what we discussed in the past. Pretty interesting.
One Chart is Worth Ten Thousand Words.
  • #1,927
  • Feb 28, 2009 6:25am Feb 28, 2009 6:25am
I still don´t get the point of your "system", M4N.
What do you mean by "at the line" ??
You enter at "your" psych levels, right ?
Long, when the psych level is hit from "south to north",
and vice versa ?

Everybody´s showing here exact entrys and exits.
That would be helpful, not just "was worth 10 pips" etc...
Don´t live for working, but work for living.
  • #1,928
  • Feb 28, 2009 1:12pm Feb 28, 2009 1:12pm
Hello.

I just finished reading this thread. Took me a week. I just happend to have studied psychology. That's what attracted me to this thread.

It seems like there is a whole lot of psychology going on here the past few pages. What's the reason you are ganging up on MONEY4NOTHING? I don't see where M4N has done anything out of bounds. M4N's posts have been on topic. M4N answered questions. Yes, M4N repeated the same answers over and over. "Repetition is the mother of skill". That's how one learns, through repetitive practice. Someone asked to state exact entries and exits. Well, I am no trader expert but I can do math. M4N stated "current candle red, go short". M4N showed a chart where the candle was red at 50 and said "good for 25 pips". It should be obvious to the reader the entry was at 50 and exit was at 25.

It should also be obvious to the reader that arguing over entrys at 20/80 versus 25/75 is just childish. Who's to say which is "better"? ACUMEN and MONEY4NOTHING agree on 00/50. Obviously they are in agreement over entering at a line. Why all the hassle? Those of you claiming M4N's posts have nothing to do with psych-lines are flat wrong.

I think someone took offense because M4N didn't answer a personal questions. I think M4N followed the rules by not answering it. PMs are for personal topics. I don't see one hostile post by MONEY4NOTHING but I do see hostility aimed toward M4N. Have you ever seen PULP FICTION?

"If my answers frighten you then you should cease asking scary questions."

This is a pubic forum, right? I don't see where any poster is under the obligation to answer your questions or provide you with anything like indicators, charts, templates, books, etc... If they do, it is out of their kindness. If they don't, it doesn't make them a bad person, nor does it give you the right to abuse them.


Mr P on another thread hit the nail on the head:

Feb 26, 2009 3:11am

Having read the original thread and this one as well, it simply amazes me how people crave for tips and want to be spoon-fed like little babies!



M4N has presented themselves as a trader. M4N has made no claims of having all the answers or being some guru trader that you should all listen to. All I see M4N doing is posting charts of trades before and after the fact. M4N doesn't have to answer your questions or my questions. I hope M4N keeps posting here and elsewhere.
  • #1,929
  • Edited 1:44pm Feb 28, 2009 1:25pm | Edited 1:44pm
matsf;

I still don´t get the point of your "system", M4N.
What do you mean by "at the line" ??
You enter at "your" psych levels, right ?
Long, when the psych level is hit from "south to north",
and vice versa ?

Everybody´s showing here exact entrys and exits.
That would be helpful, not just "was worth 10 pips" etc

From MONEY4NOTHING:

These are the rules:

Current candle Green at the line, go long.

Current candle Red at the line, go short.

There are no other rules.



OK, Let's see if I can explain it to you.

Lines are placed at prices ending in 00, 50 and (25, 75) or (20, 80) on your chart.

"At the line" means AT THE LINE. If the H1 price opens at 37 and moves up to the line at 50, then you enter long at 50. If the H1 price opens at 37 and moves down to the line at 25, then you enter short at 25.

The exact entry would be at short 25 and long 50.

If the candle is red and it crosses the line at 25 and M4N says "was worth 10 pips" that means the exact entry was short at 25 and the exact exit was at 15 ( 25 - 15 = 10 ). So 15 was the exact exit.

For the record, I am not claiming to be an expert.
  • #1,930
  • Feb 28, 2009 1:41pm Feb 28, 2009 1:41pm
Quoting ak4x
Your replies have frequently been characterized by the same abrupt, defensive and condescending attitude that you've just displayed here.
Is that how you see it? I see concise, to the point answers. I don't see any attitude at all. What's your attitude? Give me what I want or I will call you names.

Quoting ak4x
You messiah types always seem to crop up and feel the need to deliver us, the unwashed masses, from our wretched trading practises. "Perhaps some day we'll realize you're telling us the Truth.." Whatever, just don't hold your breath. Wait! On second thought, do hold it.
Messiah types? I see humble. Have you read M4N's signature? Have you seen M4N say they are not a guru and they don't have all the answers? The truth is that M4N has answered your question to the best of their abilities but that wasn't good enough for you so you call names.

Quoting ak4x
It's your perogative of course to act anyway you want, but someone may call you on it once it falls outside the bounds of "reasonable" and this isn't the first thread in the last couple weeks to do so. You must have a boiler plate version of your "by asking questions, you reveal your fears..." post as I found exact duplicates of it on the Dibs thread word for word here at...
Act anyway? I don't see any acting by M4N. I do see you and a couple of others acting out. You need a time out. Reasonable? My, don't you have a lot of opinions. Boiler plate? Maybe M4N uses copy/paste.

Quoting ak4x
Exact matches, except for the first post which has 4 additional words to start it off. Subtract them and all 3 are absolutely identical, 1252 characters each counting spaces. That's just Weird.
Yes, I would say copy/paste was used. Doing a word count seems a little "anal retentive" don't you think?


Quoting ak4x
BTW, that hokey line about "reveal your fears" is the silliest thing I ever heard of and all you reveal with that response is some of your own issues... like you can get all that psychoanalyzing out of a single legitimate question.
Is not the market moved by "fear and greed"? Not so silly when you think about it. Many traders lack the confidence and are afraid to trade. Trading psychology is a developing field. You may want to look into it.


Quoting ak4x
In any event, you've apparently worn out your welcome on a couple other threads already and now you look primed to do the same here, so I'd suggest following thru on your suggestion to stop posting here is one of your better calls...
There's always a few people who have fragile egos and feel the need to take on a newcomer especially when it looks like the newcomer may have something to offer. Defending turf is more like it.

Quoting ak4x
I apologize to the thread and to EV but like Mike said, you guys have worked too hard and long here to have to put up with this...
Put up with what? M4N posting charts showing trades? Isn't this a trading forum? Seems like you're on a witch hunt but there are no witches. More like a nasty little gang of bullies picky on M4N.


ak4x, I couldn't disagree with you more.
  • #1,931
  • Feb 28, 2009 1:49pm Feb 28, 2009 1:49pm
Quoting Forex007
Ak4x pointed out that you came out of the blue and plastered several threads with your charts and your "No fear" mantra. We welcomed you here (and at DIBS), but there is a limit to any hospitality. Once again, if you want to tell people how to trade, this or other threads which were not started by you are NOT the place to do so.
M4N hasn't posted any mantra. I don't see M4N telling anyone how to trade. M4N is showing how M4N trades. This is a psych-line thread. M4N trades psych-lines. M4N is posting on topic. It seems like more turf defense rather than openly sharing ideas based on psych-line trading.

Acumen, do you remember posting this in your other thread:

some are familiar with psych levels.

The two big ones are:

1) anything ending in 00 (1.4000)
2) anything ending in 50 (1.4050)

M4N is drawing lines at 00 and 50, so what is M4N doing that doesn't have to with psych levels? Did M4N post a chart that does NOT contain those levels? Are you really going to get your panties in a bunch over 25, 75 rather than 20, 80? Do you have any proof that 20 and 80 are superior to 25 and 75?

Acumen, if you really think this is your thread, think again. FF could recycle bin this or any other thread. I say everybody settle down and let M4N and others post in peace. If you don't like M4N's answers, then either ask better questions or don't ask M4N questions at all. If I can understand what M4N is doing, trust me, so can you.
  • #1,932
  • Feb 28, 2009 2:12pm Feb 28, 2009 2:12pm
Quote:
Originally Posted by Ronyn76 http://www.forexfactory.com/images/buttons/viewpost.gif
Ok, fair enough but how do you decide when a trade is against you?

Lets say you enter a trade buying GPGUSD on a breakout of an inside bar. Will you exit a trade immediately if the trade goes against
you by say 10 pips? Or will you leave room for the trade to "breathe"?...

When price is moving against me.

I might be out at 3, 4, 5, 6, 7....

When I can.

You're questions are not dumb...

By asking questions, you reveal your fears. There is no trick. There is no secret. Either you decide to trade or you decide to watch. "You Have to Be In the Trade to Win the Trade." All the charts, indicators and systems will be of no use to you unless you enter the trade. Most indicators are of no use anyway and most systems lose. Your only hope of winning is to master your fears. You see my charts and think, "That's the secret. If I had those charts, I could make money." There is nothing on my chart that can help you at all... nothing! If you can't see an inside bar without an indicator, then you don't understand inside bars. If you can't place a couple of lines where they need to be, then you don't understand the setup. If you can't tell which way price is moving by looking at the chart, then you probably shouldn't be trading. Price either moved up or moved down. Those are the only two options. The only bar on the chart that means anything at all is the current bar.

I am no "guru". I am just another trader. That's all. I don't have all the answers. I don't have anything that you need. When you ask me questions, you are looking for an answer that will give you confidence to pull the trigger. You must find that confidence within.
__________________
I have no trading "secrets". I don't think, I just trade.
"Nature's way is simple and easy, but men prefer what is intricate and artificial" - Lao Tzu


======================================

I see nothing wrong at all. The questions were answered.


I am no "guru". I am just another trader. That's all. I don't have all the answers. I don't have anything that you need. When you ask me questions, you are looking for an answer that will give you confidence to pull the trigger. You must find that confidence within..

That sounds pretty humble to me. How can you argue with that?
  • #1,933
  • Edited 5:06pm Feb 28, 2009 2:50pm | Edited 5:06pm
Quoting EdKabala
I hope M4N keeps posting here and elsewhere.
Another perfect example of avoiding the only real issue here... His participation here and on some other threads has in the end become something of a disruption.

I won't add to the contention here and endlessly debate yet another newly registered psuedo supporter beyond this post, as you will be on my Ignore list in about 1 minute and m4n already is.

The simple question is why does he feel he has to impose his methods and techniques here and elsewhere instead of simply... starting his own thread where he and all the folks like you who apparently support him so ardently could happily exchange posts on whether the candle is red or green, or anything you care to discuss without interference.

You're new here but you should know there has been a rash of thread disruptions lately from posters with similar attitudes as both of yours crashing established threads before moving on, or starting their own threads simply to have a platform from which to flame other threads. Some of them have gotten banned in the process, and their threads binned.

There have also been DoS attacks lately on FF in the same general time frame of some of these bannings. That's serious stuff. Coincidence maybe... and the appropriate folks are looking into it. Overall tolerance for sustained disruptive behavior is diminishing quickly. It's always amazing how brand new posters can come out of the woodwork precisely at the peak of contention and side with the agitators with no apparent worries about consequences...

My point is that if you have an agenda not in line with the already established focus and goals of the thread you're posting on, and it becomes an issue, then the focus eventually turns on you as well. It's not a "public thread" issue and you can't hide behind the Letter of the Law while ignoring the Spirit and intent of it. A troll is a troll... is a troll. Don't be one.

It was M4N's idea to stop posting, and I seconded it. I'll even third it.

In any event I stand by my post and you can get off your High Horse. Unless it's your intent to contribute in a constructive way to this thread which to this point in your handful of posts and one week at FF you have not, you're in the wrong thread as well.

This has been and will continue to be one of the better threads at FF. That's non-negotiable.
FUBAR...
  • #1,934
  • Feb 28, 2009 9:36pm Feb 28, 2009 9:36pm
Quoting EdKabala
settle down and let M4N and others post in peace.
Are you a broker, EdKabala (i.e. working for one)?..

Does RR mean anything to you?
One Chart is Worth Ten Thousand Words.
  • #1,935
  • Feb 28, 2009 9:56pm Feb 28, 2009 9:56pm
Quoting EdKabala
M4N hasn't posted any mantra. I don't see M4N telling anyone how to trade. M4N is showing how M4N trades. This is a psych-line thread. M4N trades psych-lines. M4N is posting on topic. It seems like more turf defense rather than openly sharing ideas based on psych-line trading.

Acumen, do you remember posting this in your other thread:

some are familiar with psych levels.

The two big ones are:

1) anything ending in 00 (1.4000)
2) anything ending in 50 (1.4050)

M4N is drawing lines at 00 and 50, so what is M4N doing that doesn't have...

It's mine...all mine... the factory would do no such thing.

M4N is more than welcome here or anywhere else.

The only thing we've asked is that he stay on topic.

m
  • #1,936
  • Feb 28, 2009 10:00pm Feb 28, 2009 10:00pm
Quoting ak4x
Another perfect example of avoiding the only real issue here... His participation here and on some other threads has in the end become something of a disruption.

I won't add to the contention here and endlessly debate yet another newly registered psuedo supporter beyond this post, as you will be on my Ignore list in about 1 minute and m4n already is.

The simple question is why does he feel he has to impose his methods and techniques here and elsewhere instead of simply... starting his own thread where he and all the folks like you who...
Funny stuff I tell ya.
  • #1,937
  • Mar 1, 2009 2:45pm Mar 1, 2009 2:45pm
Quote
ak4x
Another perfect example of avoiding the only real issue here... His participation here and on some other threads has in the end become something of a disruption.


Quoting acumen
It's mine...all mine... the factory would do no such thing.

M4N is more than welcome here or anywhere else.

The only thing we've asked is that he stay on topic.

m
Thank you, acumen.

I am not sure if/when I posted OFF TOPIC. I reread my posts. It seems people liked my charts when I first started posting in here. I inquired if there was an official template and was informed there wasn't. Then after I didn't answer an off topic, personal question some people turned against me. Asking me what my charts had to do with psych lines which should have been obvious. Then more personal attacks came which are off topic. How can posting a chart in a trading forum be a disruption? You see, it's not my posting that causes the problem, it's certain people's reactions to my posting that are the real issue. Take responsibility for your actions and reactions - the forum and the world will be better places. PM me if you want to rant or have a problem with me - that's a private matter. If you don't like me or what I post, the ignore option is at your disposal. If I truly post off topic, then I deserve to be called out. Refusing to answer a question is not grounds for being called out. If you don't like my answer that's not grounds for being called out unless I am disrespectful.

I don't know how many times I have posted that I am not a guru and don't have all of the answers. Perhaps the person who counted the characters in my posts has that information. And yes, I do use copy/paste. It saves time. Hopefully, we can move past this and let it rest. If you care to respond to this, please PM me rather than clog this thread.
TRO
  • #1,938
  • Mar 2, 2009 1:33am Mar 2, 2009 1:33am
Back to trading psych-lines...

http://i42.tinypic.com/p998i.gif
TRO
  • #1,939
  • Mar 2, 2009 1:47am Mar 2, 2009 1:47am
GM all - It looks as if I have some reading up to do - but first I'm posting a chart.

Fidays low held above the Feb 18 Low - itself a higher low.

In the Asian session we have another higher low on the low volume spike under the 4200, so plenty of Buys available for those that were awake.....

Now price is holding just above the DP of 1.4261 and I'm long, waiting to see what the Brits do after LO in 15 mins......
Attached Image (click to enlarge)
Click to Enlarge Name: mar 2 cable 15m 0730.gif Size: 20 KB
Trading Levels with WRBs
  • #1,940
  • Mar 2, 2009 2:35am Mar 2, 2009 2:35am
Now price is holding just above the DP of 1.4261 and I'm long, waiting to see what the Brits do after LO in 15 mins......

My long - entered late - was a wash as cable made a lower high in Frankies Hour before The Brits pushed it down thru the 250 level - an easy sell there - and on down to retest the earlier low.

I took a small long in the bounce off the 75 level - LOL, it looks as if I'd better add these levels too, at least on my short TF charts . Stop now to BE +10 .....chart to follow....
Trading Levels with WRBs
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