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  • #241
  • Mar 11, 2009 5:58am Mar 11, 2009 5:58am
Hi Strat
Nicola recommended that I take a look at your thread - interesting material
In an earlier post you mentioned that if anyone has further information on timing....I have spent some time with Dynamic Trader, created by Robert Miner who applies fib to time as well as price
and also a lot of time on Steve Copan's market matrix, which is how I came across Dynamic Trader. Steve has taken the original delta concept and incorporated elliot and fibs to produce a methodology that forecasts future turning points in both time and price. To be honest, I have struggled to apply this in practice, but I believe that others have successfully applied the concepts
I have also read Hurst's book on cycles and some of Bressert's material - I'm guessing that your cycles are based on different timeframes/periods - like the DSSB
I look forward to your thread as the method unfolds - I have read the J16 chart thread (up to about one year ago) and spent a lot of time looking at candles - but never really tried to trade the daily chart. Begining to wonder if this will make more sense that trying to trade the 15 min ...means applying the mind at 10 pm UK time, which could be tricky
  • #242
  • Mar 11, 2009 6:16am Mar 11, 2009 6:16am
Hi Strat

I seem to be doing less lurking and more posting this week!!

Thanks for you reply...I think stop losses are something that I need to work on as is managing the trade once in profit...I often find taking profit is harder than cutting losses...a bit weird but in the past the old greed thing kicks in.

I have started reading the J16 thread...very informative and thankyou again for the links you posted...

What is you take on moving s/l to BE...do you wait for a target to be hit or do you do it after a particulr pip profit...I ask this as of late I have had good trades turn bad as targets not quite hit and price reverses to my s/l...this sometimes has happened when I have been asleep(asian session) so was not able to move s/l to BE or take profits.

I believe J16 is on the opinion to move s/l to BE once in profit of about 50pips (still reading the thread so I may be wrong here)...I can almost hear you telling me that each person is different in their approach and so you have to do what works best for you.

Jeev
  • #243
  • Mar 11, 2009 6:23am Mar 11, 2009 6:23am
Quoting Bloom
I use WHC MetaTrader or ODL MetaTrader for my charting. WHC are Russian based so the candles close at 10pm UK time. ODL are UK based and the candles close at midnight.

Hi Bloom

I use similar charts...I decided yesterday to delete the ODL feed as I have noticed that most people on another forum seem to use the Russian based timing feeds for MT4 in the UK...also I have found the ODL feed often freezes etc...so I decided to add MT4 from North Finance to my main PC (which I have done before and I have it on my laptop)...only to download a virus...my fault..as my security software warned me about the potentail dangerous internet page, which I chose to ignore as I had been on it before without the error message...seems someone has infiltrated their website...another dasterdly lurker no doubt!!

With regards to the pinbar (or whatever it should be called) on the swissy...I don't think it really hangs in empty space enough to be a true rejection candle and the close is above the previous candles close (on my russian feed)...that is not to say it will not work out just that imo its not a grade A+ set up.

Any road back to sorting out the PC...keep up the good posts Mr Strato...and I will contiue the studying.

Jeev
  • #244
  • Edited 7:06am Mar 11, 2009 6:37am | Edited 7:06am
I want to be a darksider because I want to understand how the market works and what makes it move the way it does rather than just follow the rules for entry and exit. I will still follow rules obviously but I feel quite compelled to know why. Bit like not being able to drive a car without understanding how the engine works. Not very girly I know but can't help it.
The word is from a book called The Darksider Chronicles.

FF seems so well behaved, but I will change my avatar to my usual one LOL

PS I hope no one is copying me but I closed my sterling positions early this morning!

Quoting strat
Nicola,

I've just noticed your new description "Darksider Wannabe" - very strange - is there something you want to share with us?

Also what happened to your old avatar? I used to enjoy looking at your brains!

Rock n Roll,
Strat
  • #245
  • Mar 11, 2009 6:40am Mar 11, 2009 6:40am
Quoting Jeev121
Hi Bloom

I use similar charts...I decided yesterday to delete the ODL feed as I have noticed that most people on another forum seem to use the Russian based timing feeds for MT4 in the UK...also I have found the ODL feed often freezes etc...so I decided to add MT4 from North Finance to my main PC (which I have done before and I have it on my laptop)...only to download a virus...my fault..as my security software warned me about the potentail dangerous internet page, which I chose to ignore as I had been on it before without the error message...seems...
This is very IMPORTANT!!!!! Get pro paid for internet protection i use AVG.It is the Money Markets we play with Money as our means of exchange for Money.One day youll have loads of the stuff fronting hundreds and thousands worth of contracts.Call these people and tell them you got a virus and you want a perpetual demo on the live server cause sometimes its crashes and you will not expose capital to the markets with even a shadow of a possibility that might happen or there word for it.Bloody bucket shop brokers.
  • #246
  • Mar 11, 2009 6:53am Mar 11, 2009 6:53am
Quoting Baba G
This is very IMPORTANT!!!!! Get pro paid for internet protection i use AVG.It is the Money Markets we play with Money as our means of exchange for Money.One day youll have loads of the stuff fronting hundreds and thousands worth of contracts.Call these people and tell them you got a virus and you want a perpetual demo on the live server cause sometimes its crashes and you will not expose capital to the markets with even a shadow of a possibility that might happen or there word for it.Bloody bucket shop brokers.
Hi BabaG

I have Trend Micro Internet Security Pro...found it to be excellent...like I say it was my fault for ignoring its warning ...They are in the process of helping me sort it out...as for the MT4...I only use it for charting purposes on a demo account...my trading is with Spread betting brokers (I don't use their charting software)...so it would be a bit difficult to contact fxprotrade and demand a perpetual demo as according to them I do not expose any real capital to the markets on their demo account...thanks for the suggestion though.

Jeev
  • #247
  • Edited 7:33am Mar 11, 2009 7:15am | Edited 7:33am
Quoting elitejets

PS I hope no one is copying me but I closed my sterling positions early this morning!
Hi Nicola,

I sold .8 of my lot on Cable and moved my stop to break even, will let the rest run.

Looking at EUR/USD at the moment, currently broken through resistance at around 1.2720. Will wait and see where it closes but if it can close back below this level, will be interested in a short down to 1.2525 level.

Addition: 1.2720 is also 50% Fib line on my interpretation.
  • #248
  • Mar 11, 2009 8:28am Mar 11, 2009 8:28am
Hello Everyone,

Another trader trying to get rid of these damn indicators, these prices either go up or down, what can be so complicated ?

Enjoying the thread Strat and learning - keep up the kind work.

S
  • #249
  • Mar 11, 2009 9:28am Mar 11, 2009 9:28am
Quoting NKE
Hi Strat
Nicola recommended that I take a look at your thread - interesting material
In an earlier post you mentioned that if anyone has further information on timing....I have spent some time with Dynamic Trader, created by Robert Miner who applies fib to time as well as price
and also a lot of time on Steve Copan's market matrix, which is how I came across Dynamic Trader. Steve has taken the original delta concept and incorporated elliot and fibs to produce a methodology that forecasts future turning points in both time and price. To be honest,...
Thanks for the information. I'm trying to keep cycles outside of my analysis as I can still hear Dr. Joe's words to me!

Rock n Roll,
Strat
15 YEARS OF PASR ON FOREX FACTORY!
  • #250
  • Mar 11, 2009 9:39am Mar 11, 2009 9:39am
Quoting Jeev121
Hi Strat

I seem to be doing less lurking and more posting this week!!

Thanks for you reply...I think stop losses are something that I need to work on as is managing the trade once in profit...I often find taking profit is harder than cutting losses...a bit weird but in the past the old greed thing kicks in.

I have started reading the J16 thread...very informative and thankyou again for the links you posted...

What is you take on moving s/l to BE...do you wait for a target to be hit or do you do it after a particulr pip profit...I ask this...
I struggle with getting SL to break even also. It's a toss up between hanging in for a longer move or getting out with some profit. I try to look at where the next roadblock (support/resistance) is and work back from there. It also depends where you are in the trend (or not in a trend).

From the trading psycho view, it is always best to grab some profits while you can and not let a profit turn into nothing, or worse, a loser. However if you do screw up and end up with nothing or a loser just take it on the chin and move on to the next trade. The absolute worse thing you can do is mull over it and think what might have been -forget it, let it go and move forward.

Rock n Roll,
Strat
15 YEARS OF PASR ON FOREX FACTORY!
  • #251
  • Mar 11, 2009 9:56am Mar 11, 2009 9:56am
Quoting elitejets
I want to be a darksider because I want to understand how the market works and what makes it move the way it does rather than just follow the rules for entry and exit. I will still follow rules obviously but I feel quite compelled to know why. Bit like not being able to drive a car without understanding how the engine works. Not very girly I know but can't help it.
The word is from a book called The Darksider Chronicles.

FF seems so well behaved, but I will change my avatar to my usual one LOL

PS I hope no one is copying me but I closed my...
Sounds like you have some of my traits - my favourite questions are "Why, What, Where, When, Who, How?".

Whenever someone was trying to intimidate me I would always stop them dead in their tracks by asking "Why?" after they had finished speaking. Most times they don't know why and you have just reversed the tables on them!

But you never told us why you closed your positions - I wonder, could it have been because price stopped dead on support as predicted at 1.3650?

Rock n Roll,
Strat
15 YEARS OF PASR ON FOREX FACTORY!
  • #252
  • Mar 11, 2009 10:09am Mar 11, 2009 10:09am
I closed my positions because I read your earlier post and thought uh oh (politely ahem) I am going the wrong way here and stayed up to closed them at the level you mentioned. Missed the London open because of it
I do appreciate you see!

Quoting strat

But you never told us why you closed your positions - I wonder, could it have been because price stopped dead on support as predicted at 1.3650?

Rock n Roll,
Strat
  • #253
  • Mar 11, 2009 10:10am Mar 11, 2009 10:10am
Quoting SailorFx
Hello Everyone,

Another trader trying to get rid of these damn indicators, these prices either go up or down, what can be so complicated ?


S

nothing ...once you understand when they want to go up...and when they want to go down... and for how long...thats all.
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #254
  • Mar 11, 2009 10:19am Mar 11, 2009 10:19am
Quoting AstonDan
Hi Nicola,

I sold .8 of my lot on Cable and moved my stop to break even, will let the rest run.

Looking at EUR/USD at the moment, currently broken through resistance at around 1.2720. Will wait and see where it closes but if it can close back below this level, will be interested in a short down to 1.2525 level.

Addition: 1.2720 is also 50% Fib line on my interpretation.
With USDCHF being in such a mess, I am very suspicious of EURUSD right now. Everybody and his brother are talking about trading it within it's range and when it gets to that point you just feel that someone is suckering you into a trade.

Other reasons to be cautious are that this current bar (which hasn't closed yet) is well above the 20 and the triangle down trend line. It has also just gone above major resistance at 1.2750. Of course, it could just be heading up to the next major resistance at 1.2850 which is also where the 50 is at and the 50% fib retrace from those 2 bar highs at 1.3330. This would then put price in the 20/50 box which is really no man's land. Another concern is, dare I mention it, my momentum which although down, is decelerating and thus beginning to flatten out which would almost align it with that of USDCHF.

Rock n Roll,
Strat
15 YEARS OF PASR ON FOREX FACTORY!
  • #255
  • Mar 11, 2009 10:26am Mar 11, 2009 10:26am
Quoting elitejets
I closed my positions because I read your earlier post and thought uh oh (politely ahem) I am going the wrong way here and stayed up to closed them at the level you mentioned. Missed the London open because of it
I do appreciate you see!
Such a smart, clever girl - those brains really do work!

Rock n Roll,
Strat
15 YEARS OF PASR ON FOREX FACTORY!
  • #256
  • Mar 11, 2009 10:27am Mar 11, 2009 10:27am
Quoting strat
With USDCHF being in such a mess, I am very suspicious of EURUSD right now. Everybody and his brother are talking about trading it within it's range and when it gets to that point you just feel that someone is suckering you into a trade.

Other reasons to be cautious are that this current bar (which hasn't closed yet) is well above the 20 and the triangle down trend line. It has also just gone above major resistance at 1.2750. Of course, it could just be heading up to the next major resistance at 1.2850 which is also where the 50 is at and the...
Thanks Strat - very insightful.

I've stripped all MA's off my charts at the moment so i'm not taking too much note of them, although i appreciate how powerful the 20 EMA is.
  • #257
  • Mar 11, 2009 10:35am Mar 11, 2009 10:35am
Quoting SailorFx
Hello Everyone,

Another trader trying to get rid of these damn indicators, these prices either go up or down, what can be so complicated ?

Enjoying the thread Strat and learning - keep up the kind work.

S
Ooh, Hello Sailor!

Up to resistance and down to support and anywhere in between - all you have to do is figure out which support and which resistance! No need to watch squiggly lines on here.

Rock n Roll,
Strat
15 YEARS OF PASR ON FOREX FACTORY!
  • #258
  • Mar 11, 2009 10:46am Mar 11, 2009 10:46am
Just wanted to add my voice to the praise for Strat taking the time to start and contribute to this thread. There are a handful of threads on FF that are worth subscribing to and this is one of them.
  • #259
  • Mar 11, 2009 10:49am Mar 11, 2009 10:49am
Quoting AstonDan
Thanks Strat - very insightful.

I've stripped all MA's off my charts at the moment so i'm not taking too much note of them, although i appreciate how powerful the 20 EMA is.
Well, you really do want to get naked don't you! That is brave, very brave might not be wise but I guess you're the one that has the balls that Baba G keeps looking for!

You might want to reconsider as there are only four of them and they tell us so much PLUS when they line up with support and resistance it makes it so much more powerful. Don't forget that the MAs are dynamic whereas our support and resistance is static.

For me, that would be like driving with my eyes shut or it could be the Columbus thing - he didn't know where he was going when he set out, he didn't know where he was when he got there and he didn't know where he'd been when he got back!

Hello Sailor - are you listening? And you were worried about losing your indicators!

No MAs - wow!

Rock n Roll,
Strat
15 YEARS OF PASR ON FOREX FACTORY!
  • #260
  • Mar 11, 2009 10:54am Mar 11, 2009 10:54am
Quoting forexbuddha
Just wanted to add my voice to the praise for Strat taking the time to start and contribute to this thread. There are a handful of threads on FF that are worth subscribing to and this is one of them.
Thank you for your kind words. Now wait a minute - you say you are subscribing - how much is the subscription and what do I have to do to get it? Only joking!

We look forward to your contributions here.

Rock n Roll,
Strat
15 YEARS OF PASR ON FOREX FACTORY!
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