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Law Of Chart

  • #201
  • Nov 1, 2009 9:57am Nov 1, 2009 9:57am
my GU ..
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  • #202
  • Nov 1, 2009 10:09am Nov 1, 2009 10:09am
Wonderfull, only winning trades here........... :/ LOL
  • #203
  • Nov 1, 2009 10:14am Nov 1, 2009 10:14am
Quoting kazaroval
Wonderfull, only winning trades here........... :/ LOL
what is your point bro? lose and win is real consistence is the main to archive....everything can turn against u if the pattern fail but we dont care about day 1 lose we care about long run..
cheers
MY OPINION NOT FINANCIAL ADVISE
  • #204
  • Nov 1, 2009 5:02pm Nov 1, 2009 5:02pm
Quoting my30marahaba
here the sample,

eu on daily tf , 4 hr TF, 1 hr TF, 15M TF and 1 M TF entry set up using 1-2-3 H&L, there is no difference of the TLOC, the difference is only advance early entry and Risk
Fantastic my30marahaba

Thanks,
  • #205
  • Nov 1, 2009 8:51pm Nov 1, 2009 8:51pm
Quoting pete.alfa
Fantastic my30marahaba

Thanks,
hi pete now the updated EU
Just now I just open SELL Order with SL 10 pips from 5 M TF 1-2-3 set up and 15M TF

Cheer
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu updated1.gif Size: 30 KB
Click to Enlarge Name: eu updated15m.gif Size: 31 KB
  • #206
  • Nov 1, 2009 10:45pm Nov 1, 2009 10:45pm
Quoting my30marahaba
hi pete now the updated EU
Just now I just open SELL Order with SL 10 pips from 5 M TF 1-2-3 set up and 15M TF

Cheer
hi,
i read a little in this thread, not all but i reconised some important thing.
If u use the Law Of Chart rules, u should read all of the document and follw it as close as possible. What u considered to be a 1-2-3 high is a congestion. Read Page 43 : Identifying Congestion
It is very important : J. Ross said there
"One of the concepts every trader must learn is how to know when prices are in congestion"
and also:
"Any Time prices open or close on four consecutive bars , ......."
U cannot survive on M5 Charts if u do not follow this Rules cause M5 Charts a full of startinf Trends ending in a Measuring bar and 4 or more Bars in the same range.
  • #207
  • Nov 1, 2009 11:00pm Nov 1, 2009 11:00pm
Quoting my30marahaba
hi pete now the updated EU
Just now I just open SELL Order with SL 10 pips from 5 M TF 1-2-3 set up and 15M TF

Cheer
on ur 5min chart ..there was no higher low bars precceding to point 2 so it chould take u abt 3 bars and if the 4th bar overlap the third and fifth bar u will have point 2 and 3 on same bar.. ur 5min chart was in congestion ..1-2-3 in congestion does not mean anything so a break of the congestion and the first RH to form re-defined a new trend using TTE
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MY OPINION NOT FINANCIAL ADVISE
  • #208
  • Nov 1, 2009 11:01pm Nov 1, 2009 11:01pm
Quoting MJurban
hi,
i read a little in this thread, not all but i reconised some important thing.
If u use the Law Of Chart rules, u should read all of the document and follw it as close as possible. What u considered to be a 1-2-3 high is a congestion. Read Page 43 : Identifying Congestion
It is very important : J. Ross said there
"One of the concepts every trader must learn is how to know when prices are in congestion"
and also:
"Any Time prices open or close on four consecutive bars , ......."
U cannot survive on M5 Charts if u do not follow this Rules cause...

hi MJurban,
Noted with thanks for your correction

cheer
  • #209
  • Nov 1, 2009 11:03pm Nov 1, 2009 11:03pm
Quoting donfriday
on ur 5min chart ..there was no higher low bars precceding to point 2 so it chould take u abt 3 bars and if the 4th bar overlap the third and fifth bar u will have point 2 and 3 on same bar.. ur 5min chart was in congestion ..1-2-3 in congestion does not mean anything so a break of the congestion and the first RH to form re-defined a new trend using TTE
hi don,
thanks
  • #210
  • Nov 1, 2009 11:19pm Nov 1, 2009 11:19pm
Quoting my30marahaba
hi don,
thanks


this is what i was talking abt....
5 min chart only give u chance of making small pips so that is why i trail often..sometime it turn big pips sometime i get stop or myt rail hit..nothing work best all the time..
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  • #211
  • Nov 3, 2009 8:27pm Nov 3, 2009 8:27pm
Kinda busy myself none post, not bad this method need lot of focus ..Lol
I catch this tail ..
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  • #212
  • Nov 3, 2009 8:55pm Nov 3, 2009 8:55pm
Quoting donfriday
Kinda busy myself none post, not bad this method need lot of focus ..Lol
I catch this tail ..
Hi Don,

Thank you for your interesting thread. I have also been watching the current situation of EU.

For potential breakouts, it's gonna be interesting to watch other pairs like USD/CAD, EUR/CAD, GBP/USD, EUR/GBP, USD/CHF, GBP/CHF. Currently, those pairs are in a consolidation.
  • #213
  • Nov 3, 2009 10:13pm Nov 3, 2009 10:13pm
we are close to high of today and if this bull should continue we need some pull back in this zone cus we need RH for total momentum to run the buy ..
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  • #214
  • Nov 3, 2009 10:40pm Nov 3, 2009 10:40pm
Quoting Far East Man
Hi Don,

Thank you for your interesting thread. I have also been watching the current situation of EU.

For potential breakouts, it's gonna be interesting to watch other pairs like USD/CAD, EUR/CAD, GBP/USD, EUR/GBP, USD/CHF, GBP/CHF. Currently, those pairs are in a consolidation.

Thanks for ur post..well when ever currency is in a range and if breakout it move so that is normal thing we should expect even now that we are close to Dec....small sl and small pips is okay for me but i sometime get more than i expect cus market don tell where it will go ..
MY OPINION NOT FINANCIAL ADVISE
  • #215
  • Nov 4, 2009 1:51am Nov 4, 2009 1:51am
Hmm 1 of my easy day trading ...
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  • #216
  • Nov 4, 2009 6:29am Nov 4, 2009 6:29am
I think we stuck in a range now, looking for better option due to up coming Data from FOMC, i dont trade news but have to be caution which way to follow ..
Cheers
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  • #217
  • Nov 4, 2009 7:34pm Nov 4, 2009 7:34pm
Hi Guys...
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  • #218
  • Nov 4, 2009 11:10pm Nov 4, 2009 11:10pm
hi don,
what do you think of this eu,nu and aud are they the valid downtrend movement
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud 1-2-3 setup.gif Size: 26 KB
Click to Enlarge Name: nu 1-2-3 setup.gif Size: 27 KB
Click to Enlarge Name: eu 1-2-3 setup.gif Size: 27 KB
  • #219
  • Nov 4, 2009 11:31pm Nov 4, 2009 11:31pm
Quoting my30marahaba
hi don,
what do you think of this eu,nu and aud are they the valid downtrend movement
current pattern is valid even on 1hr we have it complet already so just dont forget ur trail market cant be predicted...cheers and trade safe.
MY OPINION NOT FINANCIAL ADVISE
  • #220
  • Nov 5, 2009 12:38am Nov 5, 2009 12:38am
Inspiring topic Don. but.. now I am confused, I thought you trade naked charts, but in newest charts I see some line. Is that moving averge? So you trust some lines too? =]
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