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  • #961
  • Mar 21, 2009 6:53am Mar 21, 2009 6:53am
Quoting giusepp8
This would be my best guess on those 2 tl.
No, but at least you gave it a shot
15 YEARS OF PASR ON FOREX FACTORY!
  • #962
  • Mar 21, 2009 6:55am Mar 21, 2009 6:55am
We got IBS at interesting levels on cable, fiber, aussie, cad and swissy

Cant do charting as the platform is off till later for maintainance...Im in the mood right now damn!!

check them out its the boss i cant see and monthly and thats where the answer is....find the answers and let me know....g
Free lunch yum yum....g
  • #963
  • Mar 21, 2009 7:04am Mar 21, 2009 7:04am
thats so annoying about my platform...bloody hell!!!
  • #964
  • Mar 21, 2009 7:09am Mar 21, 2009 7:09am
Hi Baba,
Daily, weekly and monthly cable charts below. I think it looks bullish but 1.4650 is my key level. If the daily can close above this and the weekly 20, then i'll be looking long.

Hope these help.

Cheers
Dan
Attached Image (click to enlarge)
Click to Enlarge Name: cabledaily.gif Size: 26 KB

Attached Image (click to enlarge)
Click to Enlarge Name: cableweekly.gif Size: 20 KB

Attached Image (click to enlarge)
Click to Enlarge Name: cablemonthly.gif Size: 24 KB
  • #965
  • Mar 21, 2009 7:32am Mar 21, 2009 7:32am
Quoting strat
Hmm - 5th post in 6 months - are you converting from a lurker to a contributor? If so, come in. Good analysis but that is all it really is. Forget all you have just written, take everything off the chart except those two lines and look at what is left
Strat
you are driving me nuts !!....a quote from Vernon Howard comes to mind...
" ..you can look,BUT can you SEE "...
ok back to looking....and try and SEE as well." :nerd:

cheers

baz
  • #966
  • Mar 21, 2009 8:50am Mar 21, 2009 8:50am
The following web page plays a great Wizetrade TV video interview with Mark Douglas, discussing the probabilistic nature of the markets and the mindset challenges that prevent many of us from achieving consistent results.


This is great but you have to ignore the greasy slimeball interviewing him


53 minutes on video

http://www.viddler.com/explore/killbliss/videos/3/
15 YEARS OF PASR ON FOREX FACTORY!
  • #967
  • Mar 21, 2009 12:33pm Mar 21, 2009 12:33pm
In reply to a recent PM about choosing the precise S/R number, Strat replied to me ...

"It's not a calculation - it's on the chart. Forget equations it's something that's been on there since the first price chart was drawn."


I decided to start at Post #1 again but I didn't even get through page 4 before I sent the following:


....My review didn't even get to the first chart that you posted. I'm stuck on you GBPCHF trade you entered on the 2nd or 3rd of March.....(post #52)



Quoting Strat
Good Morning Baba G

I agree it does seem that we are both singing off the same hymn sheet - let's hope it's the correct hymn!

I got filled on GBPCHF at 1. 6490. The next minor support I see is at 1.6230 and 1.6130 with major support at 1.5860. I'm expecting some reaction where we are now at the round number of 1.6400 which coincides with support from the base trend line. If it breaks this, I see 1.6230 real easy although I expect another reaction (profit taking) around there and 1.6130. A break through 1.6130 and all I see is daylight...

The first attached chart is a weekly showing the history back to 1980.

The second chart is a daily from Dec'08 to now.

I know that the bar data between us will differ slightly due to the different timing on the data feeds but the fact is that price has only ever been near 1.586 since Xmas 08.

I was blown away that 7 or 8 days after your post, three bars in a row bounced off support at 1.586 within 2 pips!

So I have 2 questions.

Would you have come up with the same figure of 1.586 if you were using my slightly different data?

If so, then the reason you selected this number lies somewhere on my screen between the dates of say Xmas day 08 to 3/3/09. Would this be true?

Thanks for everything,

Michael
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gch w.gif Size: 23 KB
Click to Enlarge Name: gch dp.GIF Size: 25 KB
  • #968
  • Edited 2:23pm Mar 21, 2009 1:55pm | Edited 2:23pm
im still not up gonna have to do it tomoz but is i remember i likes cable long and euro but i wont do both....dont like cad...monthly is triple IB and i cant remember swissy....sorry bro...thanks for posting.If cable breaks her boss ib thats the god d88mn ticket....oh and dont forget CAD JPY long laters...g


nope im wrong its was a monthly ib and its miles away....there is alot ot resistance between 4628 and 4718 and i dont fancy a south cause of the weekly and daily long price bars so.............im gonna wait for a directional bar...make me feel a little warmer inside.

still no connection suollocks
  • #969
  • Mar 21, 2009 1:59pm Mar 21, 2009 1:59pm
What is it that you have trouble with? You wanna know were to put your S/R lines is that it?

Best way pop some on the next trade you fancy and practise till you feel better....

i will go back to creation if thats were price was last there no probs....laters
  • #970
  • Mar 21, 2009 2:18pm Mar 21, 2009 2:18pm
Quoting Baba G
i likes cable long and euro but i wont do both
Hi BG, could you explain why you wouldn't take both Cable and Euro even though you like them both long?

I'm not questioning you (far from it), just trying to learn.

Cheers
Dan
  • #971
  • Mar 21, 2009 2:25pm Mar 21, 2009 2:25pm
Here is an updated index. Thanks for the compliments and questions.
Again, let me know if you need another format and I'll be glad to help.

I by no means have all the answers, but I love to try to answer questions because they always get me thinking. Any new people to trading should feel free to PM me any questions they have and I will be happy to point you in a direction I think may help. Trust me your learning curve drops in proportion to the number of questions you ask.

If you don't believe me, just ask my 3 year old, he asks 1,436 questions a day. A lot of them 6 or 7 times...
Attached File(s)
File Type: xls Index Page 21.xls   838 KB | 720 downloads
  • #972
  • Mar 21, 2009 2:32pm Mar 21, 2009 2:32pm
Hey did you see my previous post about cable?

To answer your question i dont like to be to exposed to the same play twice...ish.

Unless we are in a strong trend then its extra great E.G

usd swiss =down
cable=up
euro=up

this all means watch out..so i pick the best.
It is correlation but its not.

Aussie=up
kiwi=up

Its more like there friends

But dont dwell on it, its got nothing to do with price action its something you will find out when youve been demoing for about 3-6 months.....g
  • #973
  • Mar 21, 2009 2:47pm Mar 21, 2009 2:47pm
I just gave my platform a right ear full about my charts.....WTF is their problem......"its the only time we have sir" sniffling pond weed.

Its charting time..... anyway im off tomoz....g
  • #974
  • Mar 21, 2009 3:19pm Mar 21, 2009 3:19pm
Hi...Ok another bash after looking and studying the charts again..... my homework..as follows

First trend line has been drawn, the TL crosses through the 50 which pulls flat along with the 20. Watch and wait, the 20 then changes direction crosses the 50. At that point look at the angle formed between the 20 & 50. Match this angle with a new TL which, when you place on the chart touches the closing price on the bars.

PA and confluence on pullback took the trade to point 1 - touching the MA. If trade not closed at high point, a consideration to exit would be when price crosses the 2nd TL that was predrawn.

Grim & Strat..Thanks also for the explanation of momentum in correspondence with angles..
Attached Images
  • #975
  • Mar 21, 2009 3:21pm Mar 21, 2009 3:21pm
  •  hansnl
  • | Joined May 2007 | Status: don't get shot trade small lots | 83 Posts
Quoting strat
Hans - I was correct - it is you with your SuperSize chart again! Please go in and reduce it so that we can get our standard page format back

Also, what are all those red arrows for? What are they doing? What do they tell you? Why are they there? How do you use them?

I though you said you were indicator free - fooling yourself again!
So sorry if its my already reduced chart again ! been the last few days on the road with no internet.

I can't delete my chart on message 750 for some reason!!

But not using indicators whatsoever, I just put in a few arrows to show some of the resistance support points.

threat is growing exponential now! need to catch up in the weekend.

Salut A+
  • #976
  • Mar 21, 2009 3:35pm Mar 21, 2009 3:35pm
Hi Strat,
Thanks for the confidence that I may be along the right lines. My historical data doesn't stretch back very far on the dailys so I will try another provider (my SB Firm) and look at theirs.

From my limited data is does look like the TLs and their corresponding angle in relation to the previous TL gives us a good momentum indicator with less lag than any RSI/MACD etc.

On the GY chart I would expect PA to challange the boss and then fall away again. The lower high gives a small clue to 'less interest' but then I'm puzzled by the hammer on the 12th? That would normally indicate a higher move but the boss is strong in this case. The odd thing is that if you plot a Fib Fan from the hammer on 23/1/09 to the swing high at 25/02/09 the lines almost fit exactly over the TLs. Coincidence? Not sure? But if the next TL falls on the Fib fan and breaks it then the test of the 135.50 level and a break of that would continue the downtrend.

In my limited experience I'd have thought a bit more consolidation at the bottom of a move would be warranted before a serious up leg.

All in all, my thinking is this is a bear flag. I stand by to be corrected!

Good trading/analysis all!
Trade less and become more profitable!
  • #977
  • Mar 21, 2009 5:40pm Mar 21, 2009 5:40pm
Hi Guys

Had a look at GBP/CHF, see what you think of this trade.

1st chart standard daily GBP/CHF
2nd chart is zoomed in daily but with my awful artworks

A possible short entry is my plan below the last bear candle, any comments welcome. Thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpchf 1 day big.jpg Size: 72 KB
Click to Enlarge Name: gbpchf 1 day.jpg Size: 86 KB
  • #978
  • Mar 21, 2009 6:10pm Mar 21, 2009 6:10pm

This is a short bit of a great book. It has a lot of insight into the things we talk about here. Spending time and study, learning the basics, like SR and PA. Then, with time, it becomes instinct. I can only hope it does with me anyway...



The training of a trader is like a medical education. The physician has to spend long years learning anatomy, physiology, materia medica and collateral subjects by the dozen.


He learns the theory and then proceeds to devote his life to the practice.


He observes and classifies all sorts of pathological phenomena. He learns to diagnose. If his diagnosis is correct and that depends upon the accuracy of his observation he ought to do pretty well in his prognosis, always keeping in mind, of course, that human fallibility and the utterly unforeseen will keep him from scoring 100 per cent of bull's-eyes.


And then, as he gains in experience, he learns not only to do the right thing but to do it instantly, so that many people will think he does it instinctively. It really isn't automatism. It is that he has diagnosed the case according to his observations of such cases during a period of many years; and, naturally, after he has diagnosed it, he can only treat it in the way that experience has taught him is the proper treatment.


You can transmit knowledge that is, your particular collection of card-indexed facts but not your experience. A man may know what to do and lose money if he doesn't do it quickly enough.


The last bit is, I think a key point of Strats'; giving everyone his card-indexed facts really does nothing for us. We need to gain the information thru personal thought and experience.


Lance
  • #979
  • Mar 21, 2009 8:37pm Mar 21, 2009 8:37pm
[quote=AstonDan;2619707]Thanks for your analysis on this pair Strat, I've had another week where it's hard to believe how much more i understand today than i did last Saturday, and so on.

Thanks Dan.

Comments like this and knowing that our little team is moving forward step by step is far more rewarding than any monetary value I could receive.

I can see the Morris Minor is soon to be dumped for a Ford Anglia!

Stick at it!
15 YEARS OF PASR ON FOREX FACTORY!
  • #980
  • Mar 21, 2009 8:40pm Mar 21, 2009 8:40pm
Quoting AstonDan
http://stockcharts.com/school/doku.p...stick_pattern_

A useful link for candle patterns, although not in live chart context.
Thanks Dan. Wow, is John Murphy still around? He seemed to be my age 27 years ago!
15 YEARS OF PASR ON FOREX FACTORY!
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