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  • #3,601
  • Jun 5, 2009 9:01am Jun 5, 2009 9:01am
Quoting pi piper
I'm new to this thread and these longer term TF's so I'm trying to learn. I understand we need to look at the bigger picture and hence using the Boss and Big Boss. Where I am confused is whats a good set up and whats not. Are we only looking for opportunities where the Boss and Big Boss MA's line up as well as the Worker?
From your questions, it seems to me that you have either jumped into the end of this thread without reading from the very beginning or, if you did read from the beginning, you have not READ and UNDERSTOOD. This seems to be true with your question above as somewhere in the thread I wrote a post about time frames and the higher order of time frames.

Trying to trade and make money knowing everything on this thread, or any other for that matter, (unless you are trading signals and that is not trading), is difficult enough, but trying to do it without having or knowing the full information is madness.

Please go back to the beginning of The Path of Learning and READ and UNDERSTAND each single post. Do not progress to the next post until you fully understand the post you are reading. Ask any questions on here.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,602
  • Jun 5, 2009 9:06am Jun 5, 2009 9:06am
Quoting ppc123
I'm still in stress after reading this thread...
Maybe I don't quite understand the method...
Well, go back to the beginning of The Path of Learning and READ and UNDERSTAND every single post. If you do that, you will understand as so many on The Path before you have done. Any questions, just ask
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,603
  • Jun 5, 2009 9:08am Jun 5, 2009 9:08am
Hi All

Quoting Life of Pi_p
My goal at some point is to be able to answer the "What do you do for a living?" question with the following response: "I spend about 10 minutes a day drawing some lines and pushing some buttons on my computer"
I'd like to have that answer too, followed by....
"and enjoying the remaining 23 or so hours like your average 11 year old"


Thanks for pointing out that very inspring post, Strat. Its making me re-think what on earth I am struggling with here?

best to all
Paul
  • #3,604
  • Edited 9:21am Jun 5, 2009 9:20am | Edited 9:21am
'''[quote=Grimweasel;2782645]
What are people's prefrences on display? I'm thinking of going back to bars and ditching the candles for a trail. With candles I always end up concentrating on the body and pretty much dismiss the wicks - which means I'm not seeing the full picture clearly.""
This is purely a personal preference - I do not see one technical advantage over the other.

Just because one person is successful using bars does not mean THAT is the reason why he is successful. The bars had nothing to do with it. It was just his reading of the bars and doing what they tell him.

Forget what anyone else uses, use what works for you.

I use candles because I am a visual type of person - I like to "see" everything. I was also trained using candles.

I am all in favour of trying new things but NOT because they worked for someone else - they have to work for ME.

So, the bottom line is - use what works for you - there are no conditions on here that say you have to use one or the other, just what works for you.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,605
  • Jun 5, 2009 11:12am Jun 5, 2009 11:12am
Thanks Strat for the reply; I started out with OHLC bars then switched to candles 2 yrs or so ago. I'll do some f12 charts at the weekend and see which one I'm better at spotting the information on.
I'm trying to ditch everything I think I know and start from the basics with PA, SR and a the daily 20 and 50 MAs - that's it.
Trade less and become more profitable!
  • #3,606
  • Jun 5, 2009 12:39pm Jun 5, 2009 12:39pm
The Big Boys were at it again taking traders to the cleaners!

Anyone placing a buy order up to 26 pips above yesterday's bar have been taken to the cleaners again for the length of the bar as a stop loss, 170 plus pips loss.

Hope it was none of you lot!
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15 YEARS OF PASR ON FOREX FACTORY!
  • #3,607
  • Jun 5, 2009 4:33pm Jun 5, 2009 4:33pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Grimweasel
What are people's prefrences on display? I'm thinking of going back to bars and ditching the candles for a trail. With candles I always end up concentrating on the body and pretty much dismiss the wicks - which means I'm not seeing the full picture clearly.
try changing the colour scheme, the normal pre set options do my head in, the black background with red/green candles to dark the white option to bright, play around with them, personnaly i favour a slate grey background with black/white candles

you could even leave the candle bodies hollow or lighter than the wicks

here's one of mine

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  • #3,608
  • Jun 6, 2009 3:27am Jun 6, 2009 3:27am
[quote=strat;2782718]'''
Quoting Grimweasel
What are people's prefrences on display? I'm thinking of going back to bars and ditching the candles for a trail. With candles I always end up concentrating on the body and pretty much dismiss the wicks - which means I'm not seeing the full picture clearly.""
Quoting Grimweasel
This is purely a personal preference - I do not see one technical advantage over the other.

Just because one person is successful using bars does not mean THAT is the reason why he is successful. The bars had nothing to do with it. It was just his reading of the bars and doing what they tell him.

Forget what anyone else uses, use what works for you.

I use candles because I am a visual type of person - I like to "see" everything. I was also trained using candles.

I am all in favour of trying new things but NOT because they worked for someone...
Candles are for power cuts...bars are for trading....lol
but then i thought a sunday bar was a drink in the pub untill Strat came along....haha
  • #3,609
  • Jun 6, 2009 3:30am Jun 6, 2009 3:30am
Quoting ppc123
I'm still in stress after reading this thread...
Maybe I don't quite understand the method...
tell me what you dont understand....i will answer allllll your questions....if i can
  • #3,610
  • Edited 4:48am Jun 6, 2009 3:51am | Edited 4:48am
well i cant see anything that puts a huge spanner in the short usd feel off of the boss charts.......i see a push and a profit take from those that build a position out of the consolidation channel with a quick NFP week whipsaw for the ones who know who they are.......its only cable,fiber and kiwi that have a weekly pin south,which is nice for a short....short term......but its got alot of work to do now to cancel all the bullish bars on the bosses......and fiber weekly pin look cr8p.
dblhc weekly usdyen.....hello...and the yen didnt close strong anywhere......i wanna short the yen...after a nice bar.......we gotta get a little higher or lower all round really...
ill still short the usd against the the comm crosses..saying that we got a dblhc verses a weekly pin south on aussie..o suolloks have to review that then......dont know about the majors....but we could sell gbp/swss off this level(with a nice dbhlc or someting)

so we not trending yet people........ok NOW lets get some nice daily bars.....

in fact i need more bars....its duke of yorkin...we got up and we got down....so situation normal then......back to the ole take no prisoners......oh well.

but i would short the usd /cad again...there....and long cad yen.....a break of a triple hi with a beob thrown in....that makes sense with usdcad and the dblhc boss on usd yen
im gonna start there....new balls please

and i would short the usdchf again still.... it closed weak...below the .094 risis....can you see that?
yep we got the same on euro doll as the aussie (boss) but the boss buob is better looking.....but the trend is down in fact i think 1 sec....no its not its up....what a mess

yep and still sell gbp/swiss back to the 1.6600 level...we could sell cable too from here....nice level on the big boss....take a look...yep sell cable to.5549 zone for a beautiful long bound pin....or something.......

anyway we need bars!!!!!!!!!!!!!

know what i mean?........g
  • #3,611
  • Jun 6, 2009 5:12am Jun 6, 2009 5:12am
Quoting strat
VERY inspiring, Dan. Here's me messing with momentum, cycles and momentum cycles when a young, innocent 11 years old kid can make money just trading WHAT HE SEES!

This is a HUGE lesson for all of us, me included. We have to let go of our preconceived ideas about trading, get rid of the baggage we have collected over the years and just trade WHAT WE SEE.

Everyone should print out this post and review it daily - having paid $thousands for tuition from "the experts", I can honestly say this IS priceless!
you dont think im cleaver do you?...i mean really
  • #3,612
  • Jun 6, 2009 5:17am Jun 6, 2009 5:17am
aston dan is thick...ive spoke to him on the phone and let me tell you.....stupid is as stupid does.......like make a killing on the cad,,,,,,and Mr strat your momentum cycle gave the sig first.....if i remember......

So lets not start handing our account over to kids...its a nice story to illustrate the POWER of price action....but i ant gonna be going back to kindergarten any time soon......trust me...
  • #3,613
  • Jun 6, 2009 5:28am Jun 6, 2009 5:28am
Quoting elitejets
Agreed a very volatile day not just for the GBP.
The ECB announcement was for no change but there was big volatility in the Euro following a failed debt auction in Latvia....
nice Elitejets thats the boom boom....in the room room..
  • #3,614
  • Jun 6, 2009 5:36am Jun 6, 2009 5:36am
Quoting strat
In teaching our safe, low risk, stress free trading methods, we only recommend trades WITH the trend.

As you progress along The Path, you will learn how and when to take counter trend trades. To be successful and make money with counter trend trades, you have to be experienced, focused and disciplined.

Even with all this, you can come unstuck as James of J16 found out in his USDCAD counter trend trade - see Post # 32311 Page 2155.

The trend IS your friend!

look if it where THAT easy the kids would run banking and finance......i hate all this counter trend/ on bias stuff.......makes me toooo jumpy......cant relax,cant eat,cant sleep....thats why its gonna be a rocky road for a while.....cause you KNOW we all feel the same........
You dont build accounts in these waters....you just stay alive......or maybe reduce % risk exposure......hhhmmm now theres a thought.....
  • #3,615
  • Jun 6, 2009 6:11am Jun 6, 2009 6:11am
One day it dawned on me that there is no point looking at charts if you cant read price action...... at all....none whatsoever.....your waisting your life.....

and if there is no price action on your chart...dont look at it....theres no point.......

this forum is so full of systems...time frames......vouches....butt kissing...half expland systems......adverts.....opinions...and just cr8p that its enough to drive you mad.....some chap got 1000s of pips here......but how much is the ticket worth?00000.000001p a pip.......i mean yo....wats up?

sometimes i think this forum gets in the way of people becoming profitable.......what did he do?.....look over there!.......30pip stop 19;1 return......vanity oh vanity all is vanity......

if it wasnt for this thread i swear i wouldnt log on ever ever ever ever again.....market goes up,down or sideways...thats it....it always will....so get a little indi that your going in the right way.....get good enough that the ticket counts and win....thats my opinion.......

shizzer looks like people like to trade the forum not the markets........thats the last time im looking around this place......
  • #3,616
  • Jun 6, 2009 6:26am Jun 6, 2009 6:26am
AND we are NOT a trading journal.........at all.........journal this.........WE ARE A TRADING SYSTEM Twee.


when i get kicked off this forum stay in [email protected]
  • #3,617
  • Jun 6, 2009 6:31am Jun 6, 2009 6:31am
if i dont get kicked off for that i have a plan....im gonna go round this forum and get invovled....get real.....and see just how real all this stuff is.........


its pizza time!!!!!
  • #3,618
  • Jun 6, 2009 8:35am Jun 6, 2009 8:35am
Blimey BabaG - have you been on too much of that Italian Coffee this morning? Did you go out for a beer last night? Did someone spike it with amphetamine sulphate??
U is cooking up a posting storm this morning LOL

Reckon usdcad is gonna come up and give the dly 20ema a little kiss, then start heading south again - as long as that pesky dow/s&p doesn't start to tank then we should be ok.

Still puzzled by the FTSE 100 chart. It's not trending currently, but is in a rising wedge pattern. If you flick to the monthly line chart we are looking like building the RHS of an inverted H&S pattern. We have an inverted hammer on Fri's close - it doesn't stand out as a SStar for me but it's in the weekly 20/50 trap. We will have to continue to wait. I think we may see a turbulent whip-saw type summer as historically summer is weak for equities.

S/Star on weekly cable but then there is one on eurgbp too, so overall that picture is a little murky. GBP and Euro $ crosses look weak but it's against the major trend and with the yen pairs still looking strong I think any falls on the gbp/euro $ pairs would be limited.

Audusd looks interesting though. PA has formed a hammer on the boss and it's right at the 50% fib from boss high to low with the candle wick just off the 61% fib, combined with the SR level at 0.7935 and the monthly 50 sma (that had recently 'bear' crossed with the monthly 20ema). I think this is a key level at which to watch aud as it does seem fully priced. If you look at gbpaud we have a daily hammer right off the 61% fib from monthly low in Jan 1985 to high in Oct 2001 (and SR and ascending TL; this could point to aud weakness this week - so, the trade that best fits my risk profile will be long gbpaud with the multi-year uptrend as I don't fancy going long $. Entry above the daily 50sma should it break that seems safest.
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Trade less and become more profitable!
  • #3,619
  • Jun 6, 2009 8:48am Jun 6, 2009 8:48am
Here's the audusd boss chart too. 8215 was a big multi year level that she rejected. Body is a little large for a 'nice' Shooting Star but it is within the body of the previous candle and has closed lower than the open. Will she smash back down thru the big boss 20ema? Only time will tell....
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Trade less and become more profitable!
  • #3,620
  • Jun 6, 2009 8:08pm Jun 6, 2009 8:08pm
Quoting strat
Agree but EURJPY looking "toppy"?

Took a couple of days off. USDJPY still holds interest, as the TL seems broken. The E/J has a bit of a wick, but the close to me is supportive and I am holding longs there as well. I also like A/D above the PB, and E/D at the bottom of that channel looks intriguing. I have no reason yet to suspect a trend change. Overall, I feel secure short yen, but need some supportive PA from the other recent movers.
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