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Indicator Free Trading - Skunny

  • #5,881
  • Jan 29, 2010 3:13pm Jan 29, 2010 3:13pm
Quoting Misterdaz
Well chaps did any of you get to see Avatar in the end?

MD.
I saw it 2nd day it was out here in the UK, saw it in 3D on an IMAX screen . . . the 3D was superb, story and plot was weak but the effects are worth seeing it for.
20 pips a day isn't too much to ask . . .
  • #5,882
  • Jan 29, 2010 4:16pm Jan 29, 2010 4:16pm
I don't know how I feel about line charts just yet. Those candle wicks illustrate a huge measure of market sentiment and momentum. Maybe the one Checkz posted showing the hi low and close isn't so bad. Where did you get that, anyway? These past couple weeks I've been looking at completely bare candle and bar charts. I've been studying candle lines and patterns, and so far it's goin pretty good, though I'm still too chicken sh!t to throw any real money into the arena! Some day, I promise!

ed
  • #5,883
  • Jan 29, 2010 4:36pm Jan 29, 2010 4:36pm
Quoting edkilp
I don't know how I feel about line charts just yet. Those candle wicks illustrate a huge measure of market sentiment and momentum. Maybe the one Checkz posted showing the hi low and close isn't so bad. Where did you get that, anyway? These past couple weeks I've been looking at completely bare candle and bar charts. I've been studying candle lines and patterns, and so far it's goin pretty good, though I'm still too chicken sh!t to throw any real money into the arena! Some day, I promise!

ed
Hey ed,
Your post brought back some memories for me. On the first live trade I ever did, I broke out in cold sweat and my hands turned cold on a warm spring day. Another bloke I spoke to at that time told me his hands were shaking when he phoned his broker to put his first live trade on. It gets easier.


Cheers
Sk
  • #5,884
  • Jan 30, 2010 2:12am Jan 30, 2010 2:12am
Ed, how's the snow! Ignore Checkz and I with lines, we will just distract you. I've been using lines to quickly approximate s/r then flicking to candles as they report on the action. Candles patterns are good but only effective forr the next 4 or 5 candles but sometimes that is all you need. Ed, I'm sure I don't need to tell you this but knowledge is power, the more you understand, recognise the better. Be careful not to over analyze everything which I have been guilty of on the past. You end up with analysis paralysis and not trading. If you are intersted in what I have been doing with line charts just pm me.

Ed, before you trade live, make sure you are consistently profitable in demo. Make sure you have a plan and stick to it, that is important.

A live trade will feel totally different especially when it starts heading the wrong way, this is when the fear comes into play. To be fair I've never traded my own account, only my company money but it still turns the stomach.

Anyway Ed I'd imagine your head must be spinning with the various ideas discussed here. It's really for you to decide but I, and the other guys I'm sure are all too happy to help.

MD.
Keep smiling
  • #5,885
  • Edited 9:19am Jan 30, 2010 2:23am | Edited 9:19am
Quoting RaptorUK
I saw it 2nd day it was out here in the UK, saw it in 3D on an IMAX screen . . . the 3D was superb, story and plot was weak but the effects are worth seeing it for.
Yeah, it has to be seen for the 3D effect, stunning. Still I suppose it sits in the star wars bracket for storyline but I still like those. Did you notice that the
blue aliens are 38.2% taller than the humans? Lol.

MD.
Keep smiling
  • #5,886
  • Jan 30, 2010 12:01pm Jan 30, 2010 12:01pm
I agree that the line chart can be a little confusing but when the lines and candles are together they paint a clearer picture. This is my one hour chart on the Gbp/Usd. Friday's candle.
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  • #5,887
  • Jan 31, 2010 3:10pm Jan 31, 2010 3:10pm
NU
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  • #5,888
  • Jan 31, 2010 7:14pm Jan 31, 2010 7:14pm
Hmmmm...........
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  • #5,889
  • Feb 1, 2010 12:02am Feb 1, 2010 12:02am
Quoting FX Compass
Nice trade Checkz, I have the crystal balls on sale for $500,000 USD.

If you want one..

I am currently looking at something very interesting that makes the smaller timeframes 30M and hourly charts price action look crystal clear. I'll let you know how it pans out.
what did you ever come up with concerning making the 30m and hourly charts price action crystal clear?
  • #5,890
  • Feb 1, 2010 1:16am Feb 1, 2010 1:16am
Quoting Checkz
what did you ever come up with concerning making the 30m and hourly charts price action crystal clear?
Still looking into it Checkz, there seems to be regular patterns that occur a lot of the time after Fib cycles are completed.
  • #5,891
  • Edited 5:05am Feb 1, 2010 1:36am | Edited 5:05am
Quoting FX Compass
Still looking into it Checkz, there seems to be regular patterns that occur a lot of the time after Fib cycles are completed.
Well when you come up with something be sure to let me know!!!
  • #5,892
  • Feb 1, 2010 5:04am Feb 1, 2010 5:04am
Made 29 pips today on the Gbp/Usd
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  • #5,893
  • Edited 7:21am Feb 1, 2010 7:20am | Edited 7:21am
Do you ever lose Chekz?

Joking aside, have you been sticking to Compass's style?

MD.
Keep smiling
  • #5,894
  • Feb 1, 2010 7:35am Feb 1, 2010 7:35am
Quoting bartstop
Hmmmm...........
It didn't trigger on your chart but it did head back thru the 61.8 so I started looking in the other direction and found this.

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BarTstop, don't think I haven't noticed your new avatar, very funny.

MD.
Keep smiling
  • #5,895
  • Feb 1, 2010 10:07am Feb 1, 2010 10:07am
Quoting Misterdaz
It didn't trigger on your chart but it did head back thru the 61.8 so I started looking in the other direction and found this.

Attachment

BarTstop, don't think I haven't noticed your new avatar, very funny.

MD.
You wanted Mad Scientist, you got Mad Scientist.
  • #5,896
  • Feb 1, 2010 10:15am Feb 1, 2010 10:15am
Quoting Misterdaz
Do you ever lose Chekz?

Joking aside, have you been sticking to Compass's style?

MD.
Since I have been using FxCompass method I been doing pretty good but most of the time when I lose it's from entering too early or I was trying to scalp a few pips here and there but I end up making my loses back most of the time.
  • #5,897
  • Edited 10:32am Feb 1, 2010 10:27am | Edited 10:32am
Like on this trade! As of right now I have a 32 pip profit so far but I entered it early because I saw that the 1.382 fib ext was hit on the weekly candle so My profit may turn out to be a loser because I didn't wait for the daily close to complete the candle. It's this kind of crazy stuff I do that causes me to lose but hopefully this one will turn out to be a winner!
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  • #5,898
  • Feb 1, 2010 8:16pm Feb 1, 2010 8:16pm
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  • #5,899
  • Feb 1, 2010 10:54pm Feb 1, 2010 10:54pm
4 hr gbp/usd
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  • #5,900
  • Edited 2:33am Feb 2, 2010 2:00am | Edited 2:33am
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Keep smiling
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