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Charts on Drugs or works of Art?

  • #101
  • Nov 21, 2009 12:27pm Nov 21, 2009 12:27pm
Quoting billbss
This is from a futures trading site.
It isn't a joke. People really try to trade this mess.
Quite the challenge to understand that one, rather stick to Merlin's Amazin strat!
  • #102
  • Nov 21, 2009 2:54pm Nov 21, 2009 2:54pm
Some traders think I am "on drugs" because I use the weekly chart.

http://i944.photobucket.com/albums/a...n/usdjpy-9.gif
  • #103
  • Nov 21, 2009 3:00pm Nov 21, 2009 3:00pm
Quoting opie999
Whipsaw!
I like the pretty colours!

Also Billbss, nice find. Maybe we should start a little competition from all the charts so far. Figure out the method of trading for each chart shown. The most creative answer wins an all expenses paid, all inclusive trip to the poppy fields of Afghanistan!! Huurrrahhh!
  • #104
  • Nov 21, 2009 3:05pm Nov 21, 2009 3:05pm
i just like to say "thank you" for this thread. i had a really good laugh!
meine augen sind die sterne
  • #105
  • Nov 21, 2009 3:08pm Nov 21, 2009 3:08pm
Quoting xtraction
Some traders think I am "on drugs" because I use the weekly chart.

http://i944.photobucket.com/albums/a...n/usdjpy-9.gif
Hardly xtraction, I'd say you were tea total with that one. No doubt you are making loads of cash too
  • #106
  • Nov 21, 2009 3:09pm Nov 21, 2009 3:09pm
Quoting aserbfx
i just like to say "thank you" for this thread. i had a really good laugh!

You are welcome aserbfx Just don't get hooked on the stuff in here... It's lethal!!
  • #107
  • Nov 21, 2009 3:14pm Nov 21, 2009 3:14pm
Quoting Porkpie
You are welcome aserbfx Just don't get hooked on the stuff in here... It's lethal!!
well, i do remember my own charts about 3-4 years ago. i had so many indicators on them that i couldn't even see the price-chart itself.
this thread is like "looking back" from where i (and many others) came and to where i will never go back.
meine augen sind die sterne
  • #108
  • Nov 21, 2009 3:29pm Nov 21, 2009 3:29pm
Quoting aserbfx
well, i do remember my own charts about 3-4 years ago. i had so many indicators on them that i couldn't even see the price-chart itself.
this thread is like "looking back" from where i (and many others) came and to where i will never go back.
Yes, I think it is no accident that the most successful threads on FF seem to be simply based on methods that use price action and no indicators other than SR and the odd trend line, and usually they are at higher time frames too.
  • #109
  • Nov 21, 2009 3:43pm Nov 21, 2009 3:43pm
Quoting Porkpie
Yes, I think it is no accident that the most successful threads on FF seem to be simply based on methods that use price action and no indicators other than SR and the odd trend line, and usually they are at higher time frames too.
Most that write about price action make it way too complex. Support, resistance and trend are concepts that exist only the in mind of the trader. Higher time frames are an illusion. Most traders never make it past the conceptual and the illusions. Their growth is "stunted". There is price and there is time. That is all that there is.
  • #110
  • Nov 21, 2009 3:45pm Nov 21, 2009 3:45pm
Quoting Porkpie
Yes, I think it is no accident that the most successful threads on FF seem to be simply based on methods that use price action and no indicators other than SR and the odd trend line, and usually they are at higher time frames too.
absolutely. that is what it's all about. you say what i am just thinking. i virtually used every indi and system available. no one really worked longtime. then i got back to a simple chart pattern book for about 10 german marks (in 1999). damn it.. it was all there from the beginning. so simple and clean but it was so simple that i didn't see it.
thanks for this thread.
it is great to look back. hoping that some newbies realize it before they go broke.
meine augen sind die sterne
  • #111
  • Nov 21, 2009 3:48pm Nov 21, 2009 3:48pm
Quoting xtraction
Support, resistance and trend are concepts that exist only the in mind of the trader.
i don't want to start a discussion here. but anyway, you already sait it "in the mind of the trader". and that is why it worked.
meine augen sind die sterne
  • #112
  • Nov 21, 2009 4:22pm Nov 21, 2009 4:22pm
Quoting aserbfx
i don't want to start a discussion here. but anyway, you already sait it "in the mind of the trader". and that is why it worked.
No, that is not "why it worked". Nine out of ten traders lose. Many of those losers use support, resistance and trend. In trading, as in poker, you have to stay in the game long enough to get lucky. You are more than welcome to ask questions in my Forex Factory trading journal.
  • #113
  • Dec 6, 2009 8:22pm Dec 6, 2009 8:22pm
What about the price action on NZDUSD today?
Attached Image (click to enlarge)
Click to Enlarge Name: nu.jpg Size: 76 KB
  • #114
  • Dec 21, 2009 10:08pm Dec 21, 2009 10:08pm
.
http://cdn.forexfactory.com/attachme...1&d=1261458145
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #115
  • Dec 28, 2009 2:04pm Dec 28, 2009 2:04pm
I believe your fib is on backwards. Shouldn't 38% be hit before 61% on the retrace down?

Quoting LasVahGoose
.
http://cdn.forexfactory.com/attachme...1&d=1261458145
  • #116
  • Dec 28, 2009 4:16pm Dec 28, 2009 4:16pm
Quoting watchtower4x
I believe your fib is on backwards. Shouldn't 38% be hit before 61% on the retrace down?
Here you go - fixed it:
Attached Image
  • #117
  • Dec 28, 2009 5:17pm Dec 28, 2009 5:17pm
Quoting FXSurfer
Here you go - fixed it:
LMAO. Nice work.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #118
  • Dec 28, 2009 5:18pm Dec 28, 2009 5:18pm
Quoting billbss
This is from a futures trading site.
It isn't a joke. People really try to trade this mess.
Hey Bill... is this a Peyote futures chart?
Many share my views with me. But I don't share them with them...
  • #119
  • Dec 28, 2009 11:59pm Dec 28, 2009 11:59pm
Quoting watchtower4x
I believe your fib is on backwards. Shouldn't 38% be hit before 61% on the retrace down?
I think you believe wrong. The move is down and retraces up. In this case the fib is placed correctly.
  • #120
  • Dec 29, 2009 12:09am Dec 29, 2009 12:09am
Quoting rgontar
I think you believe wrong. The move is down and retraces up. In this case the fib is placed correctly.
Are you sure because I fixed it by referencing the owners manual?

http://www.asu.edu/clas/csss/NUE/img/Dual-BeamFIB.png
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