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  • #701
  • Aug 10, 2010 12:23am Aug 10, 2010 12:23am
Thank you all for the kind compliments.

I will try my best to answer all the personal messages that I have received in the next day or two.

May i request that all readers still maintain a healthy dose of scepticism while reading anything on a public forum (and it would be only fair to include my thread as well).

Tips/hints from public forums should only be reference. The reason I mention this is that I would sincerely request all traders the ability to stand on their own two feets and jog without any aide. Im sure we are all intellectually capable to make sensible/realistic decisions in life or trading. I wont be content to see this thread turn into another 'group think' with one person leading the crowd with no disregard for freedom of expression or enquiries. However I do ask everyone (including myself) to maintain a certain level of professionalism when addressing each other. We are after all civilized professionals.

The reading material that Im preparing will be free.

And I assure everyone once again I have no financial motivation behind my deeds here. I would just like to complete the reading material to seal off what I have started 6 weeks ago and not leave too many loose ends behind. I have always completed the project i have started in my professional life.

I do hope that one day there are many traders creating extremely large growth from their positions and working less and less in the markets. To know that my small contributions have gone long way in helping the few that I have managed to touch.

Sincerely,

Graeme
  • #702
  • Edited 2:34am Aug 10, 2010 12:40am | Edited 2:34am
I hope everyone can see the benefit of the last few charts.

Even the candlesticks that we focus so much on is all relevant as well.

The last few charts are weekly chart.

I will guarantee any trader a surprising result from using the above charts.

Open an oanda account, deposit $100, and keep your lot size at 0.01 = 10 cents per pip, leverage 1:50.

Then use the formation/setup I have used in the last few charts, wait until there is 'clear' breakout or use your very own entry method and enter with the flow with one position. No stoploss.

DISREGARD any daily price fluctuation. Review this position once a week.

1. If the entry is 'clearly' a mistake and the price has reversed on you. Close out on loss.

2. If the entry follows the ema, leave it open and let it grow.

3. Any minor decisions (exit timing), I leave it to you to decide.

Dont stop your learning and just watch the position grow. How can you use this information to your advantage??

The above is not a system/method but once again im showing all readers how to profit anywhere/anyhow as long as they have the main trend on their side.

It will be the best $100 you will ever spend.

You are trading like the fund managements.

Sincerely,

Graeme
  • #703
  • Aug 10, 2010 12:46am Aug 10, 2010 12:46am
Far and above the best trading method I have seen.

Heartfelt thanks to Graeme for his unselfish revealing of his methods,and infinite knowledge of the currency markets.

I have been heartened by reading his commentary to see that I too had been on the right track, and his postings have served to reinforce my thinking.

I now have enough information ,that by implementing such a simple strategy that conforms to my trading style, I cannot fail .
  • #704
  • Edited 10:21am Aug 10, 2010 1:02am | Edited 10:21am

'1 thing'


I have mentioned few times already:

We do not need to master/know 200 things in forex to be profitable.

We only need to master just 1 thing to make money.

Please allow me give everyone a dose of reality.

Everyone is unsuccessful because they do not have this '1 thing.'

May I ask all, do you really have this 1 thing that you know so so so very very very well that you know with almost 100% certainty that it will make at least few pips?

Some traders will say 'yes' but whether they truly have this one thing or not is questionable.

I promise everyone, when you discover/create this one thing you can build your skill upon it.

Please allow me to go first and tell everyone my '1 thing'

I know my weaknesses and strengths in trading. One of my strongest '1 thing' that I know I can rely on with my life in trading is judging good momentum to a bad momentum on shorter timeframe.

It took me a long time to learn from many trial and errors. Every momentum is different however each momentum either falls into category A or B for me. And I can perform all this on a subconscious level cause I have practiced/witnessed/felt so many momentums on 5min timechart while doing my exercise few years ago.

Its a shame to see that I dont use 5min charts anymore as I now focus on higher and bigger trends but I admit it was a strong foundation that I grew so much from.

This '1 thing' can be anything:

Your ability to judge:

1. Candlestick patterns
2. Patience/perseverance
3. Pennant breakouts
4. S/R
5. Trendlines
6. Price pattern
7. Fundamental analysis
8. Realistic expectations in lieu with sensible reasoning

AND SO MUCH MORE

May i ask what is your one thing??


If it took you more than 3 seconds to answer..? Then you dont have it..

Sincerely,

Graeme
  • #705
  • Aug 10, 2010 1:13am Aug 10, 2010 1:13am
Thanks for starting this thread Graeme you have really opened up my mind to a whole new way of thinking in the markets.

I feel like my trading has been like standing next to a lake with a tea spoon in my hand trying to scoop out a few drops of water and if I do it a few thousand times I might fill a bucket.
Should have started scooping with a bucket in the first place

Im converted from a scalper to long term trader
  • #706
  • Edited 2:55am Aug 10, 2010 1:54am | Edited 2:55am
Thank you again for the kind compliments.

Hope I have added another perspective to your trading method. There isnt just one method that i use on a set schedule. Everything is all relative and I can do anything on any chart/any timeframe and still achieve same results.

1. I can enter on 5min chart using momentum and move stop loss to breakeven. Weeks later, I notice that the position is still alive. I can now treat this position as a scout and see its entry on the higher timeframe; 4hr, daily, weekly
2. I can use 4hr pennant breakout and enter with flow and move stop loss to breakeven. Weeks later, position is still alive and then stack positions thereafter.
3. I can also use weekly chart and use just line graph to enter around 'areas' of interest and stack positions on every dip/retrace.
4. I can use inside bar/trendline/range breakouts on 1hr chart and enter with flow at next .00 entry.

There is no set way. Its all relevant and it all achieves same result.

You can do anything as long as you do it sensibly and realistically (which means without increasing your risk).

Todays posts confirm that I will continue on to help however less on forum participation.

I will release the reading material into this thread once ready. 1-2 months from now is a realistic deadline for me.

Until then practice practice practice and find your '1 thing.'

Sincerely,

Graeme
  • #707
  • Aug 10, 2010 2:08am Aug 10, 2010 2:08am
I'm blown away with new idea.


thx for sharing
  • #708
  • Aug 10, 2010 3:12am Aug 10, 2010 3:12am
Welcome back … in regards to the settings of the EMAs you posted, I can’t seem to get the same looking chart. It must be due to settings, could you please post the settings you use in the latest charts you posted? Here's what mine look like and the settings are on the close of the EMAs with 0 shift... One chart with price and the other without.
Thank you
Regards,
Chantal
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu-5-10-ema.gif Size: 26 KB
Click to Enlarge Name: eu-5-10-ema2.gif Size: 21 KB
  • #709
  • Aug 10, 2010 3:17am Aug 10, 2010 3:17am
Good question.

I use,

Redorange - 10 ema close, smoothed
Dodgerblue - 5 ema close, smoothed
Magenta - 1 ema close, exponential

Edit: I looked at your charts carefully and it is the same to mine however I zoomed in one more level than yours

Sincerely,

Graeme
  • #710
  • Aug 10, 2010 3:24am Aug 10, 2010 3:24am
Quoting pipEASY
Good question.

I use,

Redorange - 10 ema close, smoothed
Dodgerblue - 5 ema close, smoothed
Magenta - 1 ema close, exponential

Edit: I looked at your charts carefully and it is the same to mine however I zoomed in one more level than yours

Sincerely,

Graeme
Thank you for the swift reply... By the way I am one of many devouring your posts
Good day to you Sir,
Chantal
  • #711
  • Aug 10, 2010 5:23am Aug 10, 2010 5:23am
I know one thing,- how to determine the daily trend. And if it is short lasted I know when it changes sentiment/tendecy.
BTW nothing new to say that you make a diference here. Thank you so much.
  • #712
  • Aug 10, 2010 5:34am Aug 10, 2010 5:34am
How about this for an idea it doesnt matter which way the market goes just as long as you get in put on your break even stop and let it run.
Why not take one osition long and one short with same pair then next day place break even stop on the one in profit and close the other presto you are in with a minimal risk and a break even stop
If it grows it grows if not you can try again till you get a millapede
  • #713
  • Aug 10, 2010 5:53am Aug 10, 2010 5:53am
Quoting Stumpy1
How about this for an idea it doesnt matter which way the market goes just as long as you get in put on your break even stop and let it run.
Why not take one osition long and one short with same pair then next day place break even stop on the one in profit and close the other presto you are in with a minimal risk and a break even stop
If it grows it grows if not you can try again till you get a millapede
Good idea.

Dont let anyone else tell you it doesnt work.

You should find out that if it works or not.

Try it, and please let us know.

May I forecast that your result will not achieve much and it will only lose out on the potential move for the winning position on day 1 and closing out losing position on day 2 is an unnecessary realized loss which could have been easily prevented.

I like your emotionless mechanical approach however it needs to be applied differently.

Sincerely,

Graeme
  • #714
  • Aug 10, 2010 6:09am Aug 10, 2010 6:09am
Welcome back
  • #715
  • Edited 6:58am Aug 10, 2010 6:31am | Edited 6:58am
Quoting willf
Welcome back
Thank you willf and all others as well.

Just letting all know again that I have started writing out a concise reading material. That will definitely have a flow of explanantion.

Apologies but this thread is unfortunately all over the place mostly due to my fault and starting from now I choose to limit my thread participation. I ask for your kind understanding.

However, there is alot of information in this thread that anyone could use to their advantage.

While I prepare the reading material for all please remember that Im only trying to show 3 things:

1. Power of long term trend
2. Holding positions for infinity yield
3. Low risk entries

I have elaborated to great lengths on each points and hope you can mix and match the information and choose the info that you prefer to use.

Not all traders are same, and I understand we all have different focal interpretation and everyone has their own signature in the markets.

Sincerely,

Graeme
  • #716
  • Aug 10, 2010 6:55am Aug 10, 2010 6:55am
Quoting pipEASY
However, there is alot of information in this thread that anyone could use to their advantage.
I already am
  • #717
  • Aug 10, 2010 7:01am Aug 10, 2010 7:01am
Great to have you back Graeme,
Here is my view:

I am knew to forex so I do not have the one thing.
So first off I am going to perfect my entries.
While I am doing this I am going to read and learn about long term trends.
When I have mastered my entries...............

I am going to use them to add positions to the long term trend but also I am going to use them on the counter trend to keep my equity curve.....

What have I noticed while studying the 5 min charts so far( I am still learning) ?

When price comes down/up from .00 it can either stall or break through with momentum.

If I want my position to have the best chance of survival I would want my stop at the other side of .00 because once this is broken it may turn from support to resistance or vice versa.

So If price punches through with great momentum and gets 10 pips through. I could place my order and still have my 20 pip stop loss 10 pips the other side of.00 which would offer it more protection.

Regards
Ben
  • #718
  • Aug 10, 2010 7:01am Aug 10, 2010 7:01am
pipEasy,

I love the simplicity of all your observations! I have been drowning in the 200 things and look forward to implementing the 1 thing as soon as I find my own.

I think I am nearing that one thing on SR flips, meaning when S becomes R so your recent line chart can simplify that further by removing the candles/bars. While I anxiously await your compilation, I am committed to practicing this and stripping the fluff from trading to all its simplest common denominators as you have encouraged us to do.

Thank you for your return and I hope you feel some recognition of the value of your contribution to those, like myself, who choose to apply your methods.

Cheers,

RD
  • #719
  • Aug 10, 2010 7:19am Aug 10, 2010 7:19am
Quoting leggo
Great to have you back Graeme,
Here is my view:

I am knew to forex so I do not have the one thing.
So first off I am going to perfect my entries.
While I am doing this I am going to read and learn about long term trends.
When I have mastered my entries...............

I am going to use them to add positions to the long term trend but also I am going to use them on the counter trend to keep my equity curve.....

What have I noticed while studying the 5 min charts so far( I am still learning) ?

When price comes down/up from .00 it can either...
Very good.

Thank you for coming upfront and being honest.

Ben, have you ever asked yourself why sometimes price punctures through easily?

Alot of traders, for some reason (and I dont care/need to know why), have placed their buy/sell stops at that .00 waiting for it.

And once they enter 'in mass' the next set of traders which are the breakout traders look at this as a breakout and enter, pushing it further.

I watch both traders jumping on and then I jump on both of them.

Can you see what Im doing?

I want to see many buy/sell stops at .00 towards the anticipated direction, and see other traders jumping on and then I will piggyback on both. Usually this is shown on 5min chart by long row of bold candlesticks with hardly any wick cutting straight across .00 line/pivot and the next candle is also another bold candle in the same direction.

Price has stalled when you see mix of up candles and down candles around .00 or pivot. That is a failed momentum and I wouldnt do anything.

Sincerely,

Graeme
  • #720
  • Aug 10, 2010 7:22am Aug 10, 2010 7:22am
Quoting pipEASY
We only need to master just 1 thing to make money.
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