DislikedA lot of the yen pairs had breakouts on 4hr, wonder if they will retrace and res will become sup.Ignored
james16 Chart Thread
- #55,202
- Feb 16, 2010 11:28pm Feb 16, 2010 11:28pm
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
- #55,203
- Feb 16, 2010 11:37pm Feb 16, 2010 11:37pm
- Joined Apr 2009 | Status: Trader | 2,891 Posts
a fairly related thread by Sir topherk88 is here.
it was bumped again recently -- deservingly so. i re-read it again.
Sir Dopey's posts too are great.
...if any of u are interested.
I would be very busy today with the market.
- #55,204
- Feb 16, 2010 11:50pm Feb 16, 2010 11:50pm
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
I will check it on the weekend. I need confirmations cause i am pretty dumb in maths....
if u are poor in math, then u have an advantage: u could be ahead of most traders (unless u have other 'issues').
- #55,205
- Feb 16, 2010 11:54pm Feb 16, 2010 11:54pm
- Joined Apr 2009 | Status: Trader | 2,891 Posts
it's a very short thread. Sir topherhk88 only has 18 posts.
if u are poor in math, then u have an advantage: u could be ahead of most traders (unless u have other 'issues').
But still Yen won't allow me.
- #55,207
- Feb 17, 2010 12:18am Feb 17, 2010 12:18am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
- #55,209
- Feb 17, 2010 12:35am Feb 17, 2010 12:35am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Thank Mike, I missed the TBH at my entry. i've moved the entry down 10 pips to give it a break of the TBH but also reduced my SL & moved it just above the 4 high bars to the left at .7535
Not to get real picky and pick on you but my last point would be now your entry is so much lower that price from that bar alone has already done what we expected and at that point could very well bounce all the way back and would not surprise me. Those 35 pips are so are the "where is price likely to go" from that bar alone. After that it is more in the hands of the markets with such a setup.
Hope I am making some sense and not picking on ya
Mike
Hey Tree
Not to get real picky and pick on you but my last point would be now your entry is so much lower that price from that bar alone has already done what we expected and at that point could very well bounce all the way back and would not surprise me. Those 35 pips are so are the "where is price likely to go" from that bar alone. After that it is more in the hands of the markets with such a setup.
Hope I am making some sense and not picking on ya
Mike
Learning to be rigid in my rules & flexible in my expectations
- #55,213
- Feb 17, 2010 1:07am Feb 17, 2010 1:07am
- Joined Apr 2009 | Status: Trader | 2,891 Posts
I know, i am waiting for ages.
Untested Support A.K.A First Touch.
.
- #55,215
- Feb 17, 2010 1:24am Feb 17, 2010 1:24am
Ok thank you Mike.
Actually just watched your divergence video so got a bit excited about finding them in the charts haha
And yea, i thought that the pair's PA was very weird. What exactly do you mean by intervention by the way? From the central banks? What are their goals?
Actually just watched your divergence video so got a bit excited about finding them in the charts haha
And yea, i thought that the pair's PA was very weird. What exactly do you mean by intervention by the way? From the central banks? What are their goals?
- #55,216
- Feb 17, 2010 1:29am Feb 17, 2010 1:29am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Ok thank you Mike.
Actually just watched your divergence video so got a bit excited about finding them in the charts haha
And yea, i thought that the pair's PA was very weird. What exactly do you mean by intervention by the way? From the central banks? What are their goals?
Basically the central bank or the SNB(swiss national bank) wants to keep their currency above a certain point. Their goals are that the rates start to effect a lot of things they took a stand not to long ago at 1.5 that lasted for months, but the markets will is the markets will. It is something you will just take note of when it happens from time to time. PA still works but we just take note of the 'environment'.
Hope that makes sense
Mike
- #55,218
- Feb 17, 2010 3:04am Feb 17, 2010 3:04am
- Joined Feb 2008 | Status: sucker for punishment | 2,444 Posts
Mike (mbqb11) SOOOOOooooooo glad to have you here bro !!!! you post some great stuff !!
you should listen to every word guys!! as im sure you all do??
cheers
jon
you should listen to every word guys!! as im sure you all do??
cheers
jon
PATIENCE... DISCIPLINE
- #55,219
- Feb 17, 2010 3:41am Feb 17, 2010 3:41am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Sorry for interrupting with this by now "old" debate, but I'll probably not sleep if I don't work this off for myself
Just carry on afterwards =)
--
I wanted to add my opinion on this as well, since I'm right there with James.
Leading in with some random quotes:
Etc.
And now to the core issue at hand:
The fuss is that it isn't what the thread is about.
Accordingly, it isn't addressed in depth or actively supported.
If it were, we'd suddenly have 100% more bloat just by parallel-teaching and explaining everything hewn in as well.
That's what the private site is for: there are dedicated sections for those who prefer advanced stuff, there is a beginner section, etc.
(Those also have great examples of what was mentioned a bit later on, combining PA with various other things. Gold nuggets, actually. And doing that is fine, ultra-interesting and great, but it's not something you throw at people starting out.)
Here it is ONE thread, trying to help people starting out and trying to orient themselves.
We've constantly had this phenomenon happen.
People come in, trying to(unintentionally I'd assume) turn this into "Yet another cable thread"(replace cable with any other pair - It's my worst nightmare).
I do not want this to happen. (Do you know what every xth post in those threads is? "I really tried and keep up with all the good spirits here, but I just can't take it anymore..after x months/years I've only been losing money and busted my 1st/2nd/3rd account and I just can't do this.." etc)
Because the one thing that makes this thread different and special is that here we don't encourage random shouts of "short?", "looking good?" and "I just bought xxxxxx. Good idea?", but smack people on their fingers and open their eyes as to what the difference between guessing and hoping and actual reason based trading is.
If you do not realize the dilemma around this yet, then you possible just aren't "there" yet and either need more time or more pain / key events to find out. This isn't meant in a malevolent way, but just what I have found.
People seeing they are not getting anywhere is the very reason they realize they need to make a change.
Trying to do everything at once and trading 50 things mixed and mashed is one of the first things I tell people to stop if they really want to get good at something(one thing).
--
My personal opinion: I also think this type of "Hey it's cool what YOU guys have been doing for 50.000 posts, but here is how _I_ would totally trade" is a bit disrespectful to everyone who is trying to learn and focus on the core "program" of the thread.
If you have something you have rules for, tested, and done for a long period of time and KNOW IT WORKS, then what is stopping you from opening a dedicated thread where you detail these very things?
You would be able to structure it, actually focus on helping those interested and not run into the issue of constantly getting mixed up or posted-past by 6 pages until "your" topic/approach comes up again.
Imagine every forum thread were merged into one - how terrifying would it be to find what you initially wanted to learn?
There is a reason that a thread has a (as in one) topic. It's not to cramp egos or hold back people because one can't offer one's own ideas, but because there is a problem-solution structure that is trying to be applied to a given situation.
Just my view on it.
Be safe,
Patrick
Just carry on afterwards =)
--
I see there is a debate about this.
I agree with mike but im concerned nontheless.
We all know the basic material can truly help new people find some early success and we all know how critical that phase is.
I have zero problems with variations based off of the basic material but we must always make sure that new people understand what is best for them early on.
To do that I need the variation people to openly be willing to tell new people that demoing there variation is fine but they should concentrate on the basic material.
Obviously...
I wanted to add my opinion on this as well, since I'm right there with James.
Leading in with some random quotes:
Worst case if I am wrong I will just stop and reverse //
Alright just bought the gbpusd . Not really much of a technical reasoning since I just bought it because it seems like the pair cheap. //
looking good? //
And now to the core issue at hand:
To be honest I don't see what the fuss is about in terms of having people sharing their advanced 'techniques' i.e. touch trading, aggressive PPZ trading etc. Why should people who are ready / disciplined enough to know that this is advanced material be denied of learning this stuff just because a beginner might get excited / confused and start trading these advanced styles
Accordingly, it isn't addressed in depth or actively supported.
If it were, we'd suddenly have 100% more bloat just by parallel-teaching and explaining everything hewn in as well.
That's what the private site is for: there are dedicated sections for those who prefer advanced stuff, there is a beginner section, etc.
(Those also have great examples of what was mentioned a bit later on, combining PA with various other things. Gold nuggets, actually. And doing that is fine, ultra-interesting and great, but it's not something you throw at people starting out.)
Here it is ONE thread, trying to help people starting out and trying to orient themselves.
We've constantly had this phenomenon happen.
People come in, trying to(unintentionally I'd assume) turn this into "Yet another cable thread"(replace cable with any other pair - It's my worst nightmare).
I do not want this to happen. (Do you know what every xth post in those threads is? "I really tried and keep up with all the good spirits here, but I just can't take it anymore..after x months/years I've only been losing money and busted my 1st/2nd/3rd account and I just can't do this.." etc)
Because the one thing that makes this thread different and special is that here we don't encourage random shouts of "short?", "looking good?" and "I just bought xxxxxx. Good idea?", but smack people on their fingers and open their eyes as to what the difference between guessing and hoping and actual reason based trading is.
If you do not realize the dilemma around this yet, then you possible just aren't "there" yet and either need more time or more pain / key events to find out. This isn't meant in a malevolent way, but just what I have found.
People seeing they are not getting anywhere is the very reason they realize they need to make a change.
Trying to do everything at once and trading 50 things mixed and mashed is one of the first things I tell people to stop if they really want to get good at something(one thing).
--
My personal opinion: I also think this type of "Hey it's cool what YOU guys have been doing for 50.000 posts, but here is how _I_ would totally trade" is a bit disrespectful to everyone who is trying to learn and focus on the core "program" of the thread.
If you have something you have rules for, tested, and done for a long period of time and KNOW IT WORKS, then what is stopping you from opening a dedicated thread where you detail these very things?
You would be able to structure it, actually focus on helping those interested and not run into the issue of constantly getting mixed up or posted-past by 6 pages until "your" topic/approach comes up again.
Imagine every forum thread were merged into one - how terrifying would it be to find what you initially wanted to learn?
There is a reason that a thread has a (as in one) topic. It's not to cramp egos or hold back people because one can't offer one's own ideas, but because there is a problem-solution structure that is trying to be applied to a given situation.
Just my view on it.
Be safe,
Patrick
Trust price. Know yourself.
- #55,220
- Feb 17, 2010 3:58am Feb 17, 2010 3:58am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
you should 'free-run' your sleep
of all the links that I found, this guy (doctor or something) gave up VERY convincing information that pretty much told me to STOP right there and find a way to stay with normal sleeping patterns.
Some very interesting things on that site, and there is even a free online supermemo based language learning course I think.
Really just wanted to say "hey" to my favorite polar bear
(Been snowing, cold and slippery all year so far, so how could I not think of you! Teehee)
Trust price. Know yourself.