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  • #7,841
  • Aug 27, 2010 11:11am Aug 27, 2010 11:11am
Quoting MktScape
Hi,
Thanks for the suggestion .... so if i am reading correctly then what you are saying is 'if an entry order is near 50% retrace of the prior impulse then one should be careful in taking that trade'?

An important thing to note is with touch trades entries one may not be present to watch the reaction at 50% ret .....as advance orders are alrady in the market at strong S/R level.

And could you elaborate on 'Take Measures'

thanks
I dont care one penny about what you people affectionately called "touch trades". What draws me to this thread is the 3sma techniques/nightmoves, yunero's approach and some of the thoughts of entropylad.

Thanks though. And best of luck in your trading
  • #7,842
  • Aug 27, 2010 11:27am Aug 27, 2010 11:27am
Quoting Mortician.
I dont care one penny about what you people affectionately called "touch trades". What draws me to this thread is the 3sma techniques/nightmoves, yunero's approach and some of the thoughts of entropylad.

Thanks though. And best of luck in your trading
dont really know what caused this emotional outburst (but my apologies anyways for any inadvertent contribution towards it).... and there aint any thing affectionate about the touch trades it just what it is and has been there on this forum and known for long time before we have been practicing it ..... some enlightment is needed on you part.

Best of luck anyways.

Saludos
  • #7,843
  • Aug 27, 2010 11:34am Aug 27, 2010 11:34am
Quoting MktScape
This month's price action has been very slow IMO .... I think its th August effect when the large trades go on vacations.
What you guys think.
Quoting Custos
yeah, price is ranging a lot, going up and down. not sure if it's slow intraday, I think the average daily range is still the same. Just there is not really a follow through on most pairs
Quoting randomperson
yup, expected in august. this week is range-based on all the pairs i focus on. index's have been slow as heck most of the month as well.
Seriously?
I have more setups than i know what do to with on the daily, weekly, h4. But then, i trade 28 crosses/pairs. From aud/usd to usd/dkk

Quoting MktScape
dont really know what caused this emotional outburst (but my apologies anyways for any inadvertent contribution towards it).... and there aint any thing affectionate about the touch trades it just what it is and has been there on this forum and known for long time before we have been practicing it ..... some enlightment is needed on you part.

Best of luck anyways.

Saludos
Good for you. Enjoy your weekend.
  • #7,844
  • Aug 27, 2010 11:38am Aug 27, 2010 11:38am
Moving on:
Entered into this setup (not as a touch trade ...no pun intended) -- Sell stop .... moved SL To BE.
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  • #7,845
  • Aug 27, 2010 11:54am Aug 27, 2010 11:54am
Quoting Mortician.
Seriously?
I have more setups than i know what do to with on the daily, weekly, h4. But then, i trade 28 crosses/pairs. From aud/usd to usd/dkk
Any good trader knows there are many ways to take money from the market. I don't trade specifically like many here, while you don't either, as well as mktscape and custos. What good is 6+ signals on solely JPY pairs, or 4 SEK signals? I keep it simple to avoid overexposure, as well as to be able to properly manage size via multiple accounts. I trade commodities and the index's as well. I'm surprised you have more-than-normal amount of signals for August, but for all I know your trading specifically the consolidation.
Please contribute as everyone here shares a bit of their wisdom or seek to learn.
  • #7,846
  • Aug 27, 2010 12:21pm Aug 27, 2010 12:21pm
Quoting randomperson
Any good trader knows there are many ways to take money from the market....

I get you. I understand. I trade a mishmash of yunero/3sma/entropylad techniques. I combine and mishmash them. You can thread search for them here. I keep it very simple and clean. That is pretty much all that i do. No special wisdom or market insight or whatnot. Just search for yunero posts or entropylad's post. That is all. Some of these flowery, razzle-dazzle "touch trades" or whatever variations 2.0, just seems unnecessary over-complicating things for me. I like to trade in a simple manner.

Also, at all cost, i really want to avoid getting sucked into explaining and explaining and explaining the very little that i know about the market.

Once again, have a good weekend.
  • #7,847
  • Edited 11:52pm Aug 27, 2010 7:50pm | Edited 11:52pm
Mortician.;3983024]That is all. Some of these flowery, razzle-dazzle "touch trades" or whatever variations 2.0, just seems unnecessary over-complicating things for me. I like to trade in a simple manner.

Honestly ....its one thing not to follow or be comfortable with a particular technique and its quite another to simply jump in and bash it for what ever reasons ...

To dispel potential misconceptions about flowery touch trades here is the link to the thread of a well respected trader BRV ..(you must be aware of and may find it useful) ... this and may not be everyones cup of tea ...however those who couldn't monitor the trade all the time would want to master it and find it useful.

http://cdn.forexfactory.com/attachme...8&d=1219633969

---------------------------------------------
Also, at all cost, i really want to avoid getting sucked into explaining and explaining and explaining the very little that i know about the market.


The above statement gives the impression / stipulates that you are least interested in any sort of discussion (and not inflammatory arguments) to share the Gems of trading knowledge you have accumulated, which is clearly not inline the spirit of this thread and how matters are conducted here and therefore you would probably be interested in Trading Journals section, where you can be your own judge and prosecutor ....and nothing much to say with no explanation to anyone ...

http://www.forexfactory.com/forumdisplay.php?f=49

Just to put things in perspective ....scroll back pages and read through it and see as to how many times, the senior traders on this thread be it Custos, Random or Nightmove etc, would take time to reexplain the concepts irrespective of its simplicity because what is simple for someone may not be as such for another.... and this kind of calmness comes from personal maturity and experience and its seems to be lagging far behind in your above statement.

Peace!
  • #7,848
  • Aug 27, 2010 11:46pm Aug 27, 2010 11:46pm
Let me get this straight. I have a simple, unflattering view of "touch trades", i called it "flowery", "razzle-dazzle"; and express my total, complete lack of interest in learning about it when commentator "mktscape" mentioned it. As such, i get all this outburts from you people?

If i dont like something, i dont like it. What is the big deal? I dont like icecream? so what? I think it is yucky. So what?

I dont like "touch trades" for whatever reason, why is that a big deal for anybody? Then why am i getting "i will quit if i get a negative statement" or "why so emotional" or "you are threatened".

I guess since i dont like icecream, i must be emotional, threatened or maybe the other guy should quit. So, everybody that likes ice cream should be offended because i think icecream is yucky and messy?

Silly and childish.

I am fairly certain that the world will not come to an end if you stop commenting on this thread. Dont let all the flattering comments get into your head.
So much so, that somebody(Me) says something plainly unflattering and you get your knickers twisted in a bunch. Like i said: silly and childish.
  • #7,849
  • Aug 28, 2010 1:29am Aug 28, 2010 1:29am
Quoting AndreasF
Thanks, Custos

I will test M5 and M15 on all majors for 30 days -trading time for this will be after NY lunch only -and will share the results here end of September.

Maybe we can develop a little scalp method out of it?
here you got another good one. gbp/jpy m15 level. So you see it works out, just need to be more careful.
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  • #7,850
  • Edited 2:14am Aug 28, 2010 1:51am | Edited 2:14am
[quote=Mortician.;3983812]Let me get this straight. I have a simple, unflattering view of "touch trades", i called it "flowery", "razzle-dazzle"; and express my total, complete lack of interest in learning about it when commentator "mktscape" mentioned it. As such, i get all this outburst from you people?

If i dont like something, i dont like it. What is the big deal? I don’t like ice-cream? so what? I think it is yucky. So what?

I dont like "touch trades" for whatever reason, why is that a big deal for anybody? Then why am i getting "i will quit if i get a negative statement" or "why so emotional" or "you are threatened".

***** Calling an explicit indication of outburst, an outburst in it self is simply an argument for the sake of argument. Not sure what made you think that your unflattering view and lack of interest in touch trades would generate any kind of –ve impact on anyone here or they would make a big deal out of it …. I mean seriously … everyone is free to choose whatever they like therefore no hard feelings there and why would there be. !

Now with respect to ‘why so emotional’ ….so if …. “I don’t care one penny …….." is how your usual talk (whether due to being emotional or behavioral) is then you are in a different league of your own, ….but that’s ok because different people have different state of normalcy and this is probably your normal way …for majority of us here this kind of language is a bit off normal unless someone has been instigated, which was of course not the case as far as my question was concerned. Also the kind of shoot from the hip responses you have posted would make anyone think as to what is threatening you to generate such irate responses.

AND …”avoid getting sucked into explaining and explaining and explaining”

No offence, however as you have set the precedent of the so called unflattering opinions (there was no flattering going on anyways …just simple courtesy) ….therefore with the same token you shouldn’t sucked into thinking that this thread really need any kind of explanation or the trading knowledge you might have to share ….

“I am fairly certain that the world will not come to an end if you stop commenting on this thread. Dont let all the flattering comments get into your head. So much so, that somebody(Me) says something plainly unflattering and you get your knickers twisted in a bunch. Like i said: silly and childish.”

…..Custos has some great, well acknowledged, contribution on this thread from day 1 …. Therefore your apparent myopic uni-polar view (which only appears to see in terms flattering or unflattering) shows your unawareness or unwillingness to accept the reality for whatever reasons of your own …. The discussion on this thread has never swayed so far and with such negativity therefore I am out of this .
  • #7,851
  • Aug 28, 2010 1:56am Aug 28, 2010 1:56am
Quoting Custos
here you got another good one. gbp/jpy m15 level. So you see it works out, just need to be more careful.
whats cooking? your M15 level looks good.

I gotta go to bed ..its 3:00 AM.
  • #7,852
  • Aug 28, 2010 2:08am Aug 28, 2010 2:08am
Quoting MktScape
whats cooking? your M15 level looks good.

I gotta go to bed ..its 3:00 AM.
yeah, just marking up some levels. Here is another one for the future. usd/chf m15.

there are two good levels. however the higher one has a higher probability cause of the trendline confluence.

cheers
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  • #7,853
  • Aug 28, 2010 2:12am Aug 28, 2010 2:12am
Quoting Custos
yeah, just marking up some levels. Here is another one for the future. usd/chf m15.

there are two good levels. however the higher one has a higher probability cause of the trendline confluence.

cheers
yeah ...61.8% looks quite solid .... lot of confluence there.

so you continue with the level and i am out to bed before i fall somewhere.

ciao
  • #7,854
  • Aug 28, 2010 2:20am Aug 28, 2010 2:20am
here is a good point from BRVs website which i thought worth repeating again with respect to breakouts

http://3.bp.blogspot.com/_nW2eMRU5Wx...u+breakout.gif
  • #7,855
  • Aug 28, 2010 2:27am Aug 28, 2010 2:27am
Quoting MktScape
here is a good point from BRVs website which i thought worth repeating again with respect to breakouts
yep, those breakouts are very interesting. I am actually testing out what the best setup is for breakouts, but as I stressed before the london session tends to break levels, thus that session should be used for breakout trades.
  • #7,856
  • Aug 28, 2010 4:41am Aug 28, 2010 4:41am
Hey MktScape..

Sweeeet!....thanks for the BRV pdf file, have never seen that before...good stuff!!

cheers,
Adrian
  • #7,857
  • Aug 28, 2010 5:00am Aug 28, 2010 5:00am
Thanks for posting the chart, Custos.
Excellent example.

I definitely will apply these trades to lower TF beginning next week.



Quoting Custos
here you got another good one. gbp/jpy m15 level. So you see it works out, just need to be more careful.
  • #7,858
  • Aug 28, 2010 5:15am Aug 28, 2010 5:15am
Quoting Mortician.
I dont like icecream?
What the hell is wrong with you!
  • #7,859
  • Aug 28, 2010 5:50am Aug 28, 2010 5:50am
Yet another great thread turning into handbags at 10 paces, guys get a grip.
  • #7,860
  • Aug 28, 2010 9:12am Aug 28, 2010 9:12am
[quote=MktScape;3983864]
Quoting Mortician.
Let me get this straight. I have a simple, unflattering view of "touch trades", i called it "flowery", "razzle-dazzle"; and express my total, complete lack of interest in learning about it when commentator "mktscape" mentioned it. As such, i get all this outburst from you people?

If i dont like something, i dont like it. What is the big deal? I don’t like ice-cream? so what? I think it is yucky. So what?

I dont like "touch trades" for whatever reason, why is that a big deal for anybody? Then why am i...
What is this? Why are we even having this back and forth? Which part of this is not simple: i dont like something, i dont want to learn about it, and i dont like to really bother myself explaining myself to death. How exactly is any of this a big deal?

#1. I dont like "touch trades" or whatever rainbow-coloured bag of foozle-doo you people call it. And i said so plainly. I think "touch trade" is flowery, razzle-dazzle and over complicating whatever. So? Not everybody is going to like your baby. The part of this thread i like is the 3sma/nightmoves, yunero, entropylad. That is all. Why get irritated by that? This thread is not custo's. It has many parts to it. That is why i find odd the dictum "leave this thread is you dont like "touch trades" mentality". It is silly and childish.

#2. I have zero interest in learning "touch trades". I dont care a penny about it in this world. So what? What is the big deal? You are irritated by the word "penny" or "flowery" or "razzle-dazzle"?

#3. In reply to randomperson, i stated how i dont like to explain myself ad infinitum. Ok, how is that a problem? YUNERO doesnt like to explain himself either.... Big deal.

All of this get some of you soo excited? Unbelievable.
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