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  • #13,361
  • Aug 2, 2010 7:25pm Aug 2, 2010 7:25pm
[quote=simpleman;3916900][quote=GibsonL6;3916833]
Quoting simpleman

Thanks Tom,
What I knew about moving averages was if it is 20 then that mean previous 20 bars and if you are on daily that means 20 daily bars, if you are on weekly then 20 weekly bars and if you are on monthly then 20 monthly bars so was true for 50. But then there was something in one of the post where 100 and 250 with dotted line to be placed (may be it was for non MT4 platforms) where switching a chart TF is an issue.
Simple Simon,

This is ALL explained early in the thread, Tom (GibsonL6) has done a great job in explaining it again - what don't you understand? Why do you want to complicate things.

The 20/50 combination is a tool we use for many things in trading each time frame - that's all - no more - no less.

To save you toggling back and forth between Worker and Boss, we put our Boss 20/50 on the Worker BUT as Tom clearly explained, the Boss 20/50 is represented ON THE WORKER by 100/250.

So if you do it this way, your Worker has 4 MAs on it:

20/50 for the Worker
100/250 representing the Boss 20/50

We do not want or need to put on any MAs to represent the Big Boss.

Or, you can do like CrudeCraig and many others and just have the 20/50 on and then toggle between time frames.

Or, like I do, you can have a split screen with the Boss on one side and the Worker on the other.

Is this clear?
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,362
  • Aug 2, 2010 8:37pm Aug 2, 2010 8:37pm
Quoting Jideck
Hi Flem26http://cdn.forexfactory.com/images/icons/icon7.gif

I thought I shall have give you my take on your current position having read your post.

I have been in your position couple of times in the past and what has helped me was to take a break from trading and leaving it for a while, a couple of weeks at least. Forget about it completly and then go back and re-read the thread again (I'm talking about Strat's thread), follow the principles and most of all write a trading plan and stick to it.

I have been quiet for a while on...
I appreciate it. Nice to see you posting again.
"Don't trade to trade . . . trade to win." - James16
  • #13,363
  • Aug 3, 2010 12:31am Aug 3, 2010 12:31am
Quoting strat
that thick red or blue piece of shit.
LOL thx strat that one made me LOL
  • #13,364
  • Aug 3, 2010 1:12am Aug 3, 2010 1:12am
[quote=strat;3917069][quote=simpleman;3916900]
Quoting GibsonL6


Is this clear?
Thanks Strat,
It is even more clear now. I got more confused by reading that we use BB MAs as well. I think just one step away from being sent to page one post one.
  • #13,365
  • Aug 3, 2010 1:27am Aug 3, 2010 1:27am
[quote=simpleman;3917528][quote=strat;3917069]
Quoting simpleman

Thanks Strat,
It is even more clear now. I got more confused by reading that we use BB MAs as well. I think just one step away from being sent to page one post one.
I got more confused by reading that we use BB MAs as well.

What! You didn't read that on THIS thread - what crap have you been reading?

Are you sure you are posting on the right thread?

You seem to be carrying a lot of garbage around in your trading brain.

Suggest you find your recycle bin and check "empty contents" - a good way to do this is stick your fingers in a wall plug socket, wait for your hair to curl and extract fingers. If your hair starts to smoke, its too late, you left your fingers in too long.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,366
  • Aug 3, 2010 1:34am Aug 3, 2010 1:34am
Since he sent me a PM instead of posting here, I have done it for him:

Originally Posted by forexample
Hi Strat,

Just wanted to post a personal note to say thank you for your continued effort to guide others. I have not fallen by the way side and gone back to the bright lights and of indicator land, give me long-term charts and more time to play with the dozens of women who swoon at the feet of the likes of your skill any day ror.

Thank you for your advice with Support & Resistance, you were right I was just tied up in a knot. I have taken a step back and am working my way again through the thread and a lot more things make sense this time.

I hope to be in a position to make my first monthly/weekly analysis by the end of September and then follow the daily on those pairs from October; I will make my next posts at that time re: potential pairs for the month.

I have a myfxbook account with a few EAs loaded on it, more for comparison and I only look at them once a month, I started my journey as a forex trader using EAs so my goal is to see my personally traded account shine above the cheap crap I once was deluded into believing was a source of infinite wealth (Just in case you see those and think forexample is a fly by nighter who has gone back to that junk).

Best Regards,

Jade

(I am a guy don't get excited please ha ha)

Nothing without large natural pectoral embellishments excites me whatever the name!

All the best in trading and in life.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,367
  • Aug 3, 2010 1:51am Aug 3, 2010 1:51am
Quoting strat
Good trading, well done.

Note where support was on the Worker.

This thing won't trend until at least this happens...............................more later

Strat,

Yes that was an excellent EF trade(well done Euro Dude).

But can I ask if you've changed your MO. Surely this was a CT trade??

The Big Boss/Boss are in a clear downtrend. The worker is in an uptrend, but IMO that is just a retracement and it will revert to trend evemtually or confirm the trend has changed, which is why I'm waiting.

I thought you looked for all timeframes to line-up before trading.
  • #13,368
  • Aug 3, 2010 1:56am Aug 3, 2010 1:56am
Quoting stewrigh
But can I ask if you've changed your MO. Surely this was a CT trade??
Yeah, I thought about it too. It is CT for me too although the worker turned around still looks too risky to trade on the long side. Good job nevertheless!
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #13,369
  • Aug 3, 2010 2:29am Aug 3, 2010 2:29am
Quoting stewrigh
Strat,

Yes that was an excellent EF trade(well done Euro Dude).

But can I ask if you've changed your MO. Surely this was a CT trade??

The Big Boss/Boss are in a clear downtrend. The worker is in an uptrend, but IMO that is just a retracement and it will revert to trend evemtually or confirm the trend has changed, which is why I'm waiting.

I thought you looked for all timeframes to line-up before trading.
The Big Boss/Boss are in a clear downtrend. The worker is in an uptrend, but IMO that is just a retracement and it will revert to trend evemtually or confirm the trend has changed, which is why I'm waiting.

I thought you looked for all timeframes to line-up before trading.

Here we go again!

The Big Boss and Boss IMMEDIATE TRENDS are UP.

When trading the Worker we are trading the IMMEDIATE trend on the higher time frames.

We want to trade the Worker IN THE DIRECTION of the IMMEDIATE BOSS trend.

Yes, the Intermediate Trend is down but that will only come into play when (if), the Big Boss and Boss turn around into it.

The Worker is obeying Boss and Big Boss instructions and furthermore has put in a HH, HL, HH and HL.

Our natural expectation is that of a retracement but retracements often turn into new trends.

715 pips is damn good for a retracement in anybody's books and if it carries on going will exceed the last Impulse Wave which will tell us even more.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,370
  • Aug 3, 2010 2:59am Aug 3, 2010 2:59am
Quoting strat
[color=Blue][i][b]The Big Boss/Boss are in a clear downtrend. The worker is in an uptrend,...
I'm obviously not seeing the same trends you are.

In 2007 this pair was at 1.7, now its on 1.3. To me that's a 4000 pip downtrend, in any tf.

What makes you think its in an uptrend.
  • #13,371
  • Aug 3, 2010 3:05am Aug 3, 2010 3:05am
Quoting stewrigh
I'm obviously not seeing the same trends you are.

In 2007 this pair was at 1.7, now its on 1.3. To me that's a 4000 pip downtrend, in any tf.

What makes you think its in an uptrend.
You are looking at the long term/intermediate trend - I'm not.

Read and UNDERSTAND my post again.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,372
  • Aug 3, 2010 3:24am Aug 3, 2010 3:24am
Quoting strat
You are looking at the long term/intermediate trend - I'm not.

Read and UNDERSTAND my post again.
Ok, I know I'm being anal about this, but I think I got it.

Looking at the big boss I can see that the immediate trend is up, but you wouldn't be able to confirm that until after the 1st monthly bar at around 1.36.

Think I'll stick with the bigger picture, but thanks for clarifying.

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  • #13,373
  • Aug 3, 2010 3:48am Aug 3, 2010 3:48am
Quoting stewrigh
Ok, I know I'm being anal about this, but I think I got it.

Looking at the big boss I can see that the immediate trend is up, but you wouldn't be able to confirm that until after the 1st monthly bar at around 1.36.

Think I'll stick with the bigger picture, but thanks for clarifying.

Attachment
Looking at the big boss I can see that the immediate trend is up, but you wouldn't be able to confirm that until after the 1st monthly bar at around 1.36.

But the Boss changed 2 weeks before that.

The shortest time frame, the Worker, changes first, followed by the Boss and the Big Boss, being longest, changes last.

Think of it like this:

3 airplanes, a Hawker Hunter jet, a Spitfire and a Lancaster bomber are flying together. Their mission and orders are to protect the Lancaster bomber. They fly through thick, dense cloud (rather like Beijing smog) when suddenly, out of nowhere, a HUGE mountain appears.

The Hawker Hunter jet (our Worker), turns first and fastest. The Spitfire, being slower and less maneuverable (our Boss), turns next. The Lancaster bomber, being beautiful but slow, cumbersome and heavy (our Big Boss) strains her every joint to make the turn. Eventually they are all turned away and in the same direction again.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,374
  • Edited 4:01am Aug 3, 2010 3:59am | Edited 4:01am
Quoting stewrigh
Ok, I know I'm being anal about this, but I think I got it.

Looking at the big boss I can see that the immediate trend is up, but you wouldn't be able to confirm that until after the 1st monthly bar at around 1.36.

Think I'll stick with the bigger picture, but thanks for clarifying.

Attachment
I don't normally follow this pair.
Big Boss
June is the controlling candle, and Julys low is not confirmed untill 138.2 on my charts is taken out. so Stewright I tend to agree with you.

BUT

looking at the Boss the swing low had been confirmed 3 weeks ago and for me that would be enough to take the long based on the first post of the thread "Trade from support to 1st resistance and resistance to 1st support"
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  • #13,375
  • Aug 3, 2010 4:23am Aug 3, 2010 4:23am
How about stepping back a little and contemplate the method. It is a discretionary method, from entries to exits and to trend identification.

We can't always see the same thing, especially when a trend slows down and shows signs of reversal, like EURCHF now. It is at these times when there is the greatest discrepancy between opinions. Better to not sweat about it and wait until things get clear again.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #13,376
  • Aug 3, 2010 4:24am Aug 3, 2010 4:24am
Quoting strat
[color=Blue][i][b]Looking at the big boss I can see that the immediate trend is up, but...
Yes I understand that, but to expand the analogy... eventually the Lancaster will get back on course, preceded by the spitfire and Hunter.

It also conflicts with, what I thought was the guiding tenet of this thread.

Namely, we need the Big boss, Boss and worker to be in alignment.

If you take your lead from the worker you may as well ignore the higher timeframes altogether.
  • #13,377
  • Aug 3, 2010 4:27am Aug 3, 2010 4:27am
Quoting soso
How about stepping back a little and contemplate the method. It is a discretionary method, from entries to exits and to trend identification.

We can't always see the same thing, especially when a trend slows down and shows signs of reversal, like EURCHF now. It is at these times when there is the greatest discrepancy between opinions. Better to not sweat about it and wait until things get clear again.
Exactly so, thats why I'm on the sidelines with this one atm.

Just wanted to clarify my understanding re trends, which I thought was pretty good til today lol.
  • #13,378
  • Aug 3, 2010 4:28am Aug 3, 2010 4:28am
Quoting stewrigh
Yes I understand that, but to expand the analogy... eventually the Lancaster will get back on course, preceded by the spitfire and Hunter.

It also conflicts with, what I thought was the guiding tenet of this thread.

Namely, we need the Big boss, Boss and worker to be in alignment.

If you take your lead from the worker you may as well ignore the higher timeframes altogether.
Duh - All THREE were in alignment for this trade!!!!!!!!!!!!!!!!!
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,379
  • Aug 3, 2010 4:32am Aug 3, 2010 4:32am
Quoting strat
Duh - All THREE were in alignment for this trade!!!!!!!!!!!!!!!!!
Only if you look at the immediate trend and give more weight to the worker.
  • #13,380
  • Aug 3, 2010 4:59am Aug 3, 2010 4:59am
I believe that the LONG EURCHF trade from 22.07 was a high risk trade because the Big Boss and Boss were not aligned.
The July's candle from Big Boss was not complete so the latest sentiment from Big Boss was June candle which was very bearish.
Boss was bullish indeed (Bounce + doji + strong close above first bounced cande)

Worker made a (small) bullish hammer at S and that hammer came after strong selling which is an extra point in favor for LONG. But it is still high risk because the Big Boss is not aligned.

P.S. This is SNB playground which adds some more stress to the trade. I'm not sure if this would have been a loosing trade, you wouldn't get both barrels from Strat
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