shampoo on 5 sec TF
oh i thought it was conditioner ....lol hair shampoo.
MY OPINION NOT FINANCIAL ADVISE
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #192,841
- Aug 31, 2009 11:27am Aug 31, 2009 11:27am
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
oh i thought it was conditioner ....lol hair shampoo.
- #192,842
- Aug 31, 2009 11:29am Aug 31, 2009 11:29am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
anyone who need books can click on the names...automatically download
Thanks a lot
- #192,843
- Aug 31, 2009 11:31am Aug 31, 2009 11:31am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Did you read any of these books or you are trying to confuse the newbies..
Trade your charts and follow the trend..
KISS -Keep it Simple Stupid..
the books to read in that selection are Nixons candlesticks , John Murphy stuff and one on fibs...
if newbies can get a simple grasp of support and resistance , fib retracements and extensions and candle patterns they will go a long way in this game
for example red lines on this charts are the 4 hour open , close and low ( the high is very close to the close so did not plot that) these give us support and resistance levels for a 5 and 15 min chart ( this principle can be applied to any time frame for expample a weekly candle to trade a daily chart)
1st chart is 4 hour ..
2nd chart is 15 min ..shows we had sellers at 4 hour close 151.40 , now we have 2 x dojis just above 4 hour close ... not really a sign of strength . So time of day is wrong to enter a trade (1.5 hour to close US markets) so we wait to Asia ( 4 pm pst on ) to see if the weakness we are seeing in gj plays out. I am looking for sell under 151.40 for move to 150.60 / 150.20
this is how newbies can use s/r levels and simple candle patterns for trades
as Rgitt says keep it simple , but you have to do some reading to understand fibs and candles.
Blogging daily now at www.volume.zone
- #192,844
- Aug 31, 2009 11:36am Aug 31, 2009 11:36am
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
Don trying to help ...
the books to read in that selection are Nixons candlesticks , John Murphy ...
- #192,845
- Aug 31, 2009 11:39am Aug 31, 2009 11:39am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #192,846
- Aug 31, 2009 11:40am Aug 31, 2009 11:40am
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
Don trying to help ...
the books to read in that selection are Nixons candlesticks , John Murphy stuff and one on fibs...
if newbies can get a simple grasp of support and resistance , fib retracements and extensions and candle patterns they will go a long way in this game
for example red lines on this charts are the 4 hour open , close and low ( the high is very close to the close so did not plot that) these give us support and resistance levels for a 5 and 15 min chart ( this principle can be applied to any time frame for expample a weekly...
he might think i have millions to spend on forex books when i can find it free online....rggit05 just try to pick on me, his ma buddy,.....yes keep it simple but without readin any of this books like candle,fibo, or others., will a trade just come online open naked chart and start trading without readin any of this gurus...i swear that person will hate forex..
for ur info, i am 8months trader now next year i will celebrate my fx bday
MY OPINION NOT FINANCIAL ADVISE
- #192,847
- Aug 31, 2009 11:41am Aug 31, 2009 11:41am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
Thanks malcolmb for the explanation..It took me several years to reduce my amount of indicators to mainly trendlines, S/R and fib levels..Also, good money management(VERY IMPORTANT)
Don trying to help ...
the books to read in that selection are Nixons candlesticks , John Murphy stuff and one on fibs...
if newbies can get a simple grasp of support and resistance , fib retracements and extensions and candle patterns they will go a long way in this game
for example red lines on this charts are the 4 hour open , close and low ( the high is very close to the close so did not plot that) these give us support and resistance levels for a 5 and 15 min chart ( this principle can be applied to any time frame for expample a...
[
- #192,848
- Aug 31, 2009 11:43am Aug 31, 2009 11:43am
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
oh i thought it was conditioner ....lol hair shampoo.
- #192,849
- Aug 31, 2009 11:44am Aug 31, 2009 11:44am
- Joined Oct 2005 | Status: Trader | 3,596 Posts
To many books to read...There are some good reads posted in this FF website..
I hate reading so many books...Reading the charts is enough already.
I hate reading so many books...Reading the charts is enough already.
he might think i have millions to spend on forex books when i can find it free online....rggit05 just try to pick on me, his ma buddy,.....yes keep it simple but without readin any of this books like candle,fibo, or others., will a trade just come online open naked chart and start trading without readin any of this gurus...i swear that person will hate forex..
for ur info, i am 8months trader now next year i will celebrate my fx bday
[
- #192,850
- Aug 31, 2009 11:46am Aug 31, 2009 11:46am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
This PA is really something fishy all along since NY session. GU and GY gain while metals, Dow, Treasuries are down.
The chart is showing bullish sign, not a good time to short yet. I agree, let's wait for Asian session for what's to bring
The chart is showing bullish sign, not a good time to short yet. I agree, let's wait for Asian session for what's to bring
- #192,851
- Aug 31, 2009 11:47am Aug 31, 2009 11:47am
- Joined Oct 2008 | Status: aka Neal Vanderstelt | 2,902 Posts
Before Forex I was tall, and clean shaven. Now I am an Ewok.
- #192,852
- Aug 31, 2009 11:49am Aug 31, 2009 11:49am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
he might think i have millions to spend on forex books when i can find it free online....rggit05 just try to pick on me, his ma buddy,.....yes keep it simple but without readin any of this books like candle,fibo, or others., will a trade just come online open naked chart and start trading without readin any of this gurus...i swear that person will hate forex..
for ur info, i am 8months trader now next year i will celebrate my fx bday
- #192,853
- Aug 31, 2009 11:53am Aug 31, 2009 11:53am
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
- #192,855
- Aug 31, 2009 11:55am Aug 31, 2009 11:55am
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
You are still a freshman, next year is sophomore, needs 4 years to graduate from a college
yes bro i am so fresh, i blew several acc, i never like demo, i i am able to understand the market behaviour now ....bro this adventure was a long trip for me but i am happy with my current understanding ..
nothing to hide, i am newbie 8months..so other newbie should have faith ...
MY OPINION NOT FINANCIAL ADVISE
- #192,856
- Aug 31, 2009 12:00pm Aug 31, 2009 12:00pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
yes bro i am so fresh, i blew several acc, i never like demo, i i am able to understand the market behaviour now ....bro this adventure was a long trip for me but i am happy with my current understanding ..
nothing to hide, i am newbie 8months..so other newbie should have faith ...
- #192,857
- Aug 31, 2009 12:04pm Aug 31, 2009 12:04pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
for newbies .. here is the post i noted weakness on GJ by 2x dojis just above prior 4 hour close.
Here is charts now after 40 pip drop . The weakness was seen using candles and the trade planned using the 4hr s/r resistance levels
this is how straight forward trading can be if you do not over confuse things and use good money management.
I did take trade with 25 pip stop ... although wrong time of day i follow us indes and saw the ES (s&p emini) with weakness on 5 min
[quote=malcolmb14;3009135]Don trying to help ...
the books to read in that selection are Nixons candlesticks , John Murphy stuff and one on fibs...
if newbies can get a simple grasp of support and resistance , fib retracements and extensions and candle patterns they will go a long way in this game
for example red lines on this charts are the 4 hour open , close and low ( the high is very close to the close so did not plot that) these give us support and resistance levels for a 5 and 15 min chart ( this principle can be applied to any time frame for expample a weekly candle to trade a daily chart)
1st chart is 4 hour ..
2nd chart is 15 min ..shows we had sellers at 4 hour close 151.40 , now we have 2 x dojis just above 4 hour close ... not really a sign of strength . So time of day is wrong to enter a trade (1.5 hour to close US markets) so we wait to Asia ( 4 pm pst on ) to see if the weakness we are seeing in gj plays out. I am looking for sell under 151.40 for move to 150.60 / 150.20
this is how newbies can use s/r levels and simple candle patterns for trades
as Rgitt says keep it simple , but you have to do some reading to understand fibs and candles.
Attachment
Attachment [/quote
Here is charts now after 40 pip drop . The weakness was seen using candles and the trade planned using the 4hr s/r resistance levels
this is how straight forward trading can be if you do not over confuse things and use good money management.
I did take trade with 25 pip stop ... although wrong time of day i follow us indes and saw the ES (s&p emini) with weakness on 5 min
[quote=malcolmb14;3009135]Don trying to help ...
the books to read in that selection are Nixons candlesticks , John Murphy stuff and one on fibs...
if newbies can get a simple grasp of support and resistance , fib retracements and extensions and candle patterns they will go a long way in this game
for example red lines on this charts are the 4 hour open , close and low ( the high is very close to the close so did not plot that) these give us support and resistance levels for a 5 and 15 min chart ( this principle can be applied to any time frame for expample a weekly candle to trade a daily chart)
1st chart is 4 hour ..
2nd chart is 15 min ..shows we had sellers at 4 hour close 151.40 , now we have 2 x dojis just above 4 hour close ... not really a sign of strength . So time of day is wrong to enter a trade (1.5 hour to close US markets) so we wait to Asia ( 4 pm pst on ) to see if the weakness we are seeing in gj plays out. I am looking for sell under 151.40 for move to 150.60 / 150.20
this is how newbies can use s/r levels and simple candle patterns for trades
as Rgitt says keep it simple , but you have to do some reading to understand fibs and candles.
Attachment
Attachment [/quote
Blogging daily now at www.volume.zone
- #192,860
- Aug 31, 2009 12:27pm Aug 31, 2009 12:27pm
- Joined Oct 2008 | Status: aka Neal Vanderstelt | 2,902 Posts
Before Forex I was tall, and clean shaven. Now I am an Ewok.