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  • #2,281
  • Sep 12, 2010 2:50pm Sep 12, 2010 2:50pm
Quoting muntu ntu
Hi Baku, allow me not to agree whit the suggestion. What if Graeme had already taught us most of what he has to teach? Personally, I think it is the case right now. If so, he will not be around that often. Therefore you need traders, especially those that have got the message, to keep the thread going, and Graeme intervening form time to time as suits him.
Hi Muntu,

I think Baku's idea with the alternative thread was referring mostly to the chart posting. See it's better to keep this main thread clear of the "trading journal". I think it's ok to post a chart if you have a particular question, but the trades each of us take... imagine 50 people (I think we are around that following this thread) would each post 2-3 charts a day ?

Kindest Regards,

Cam
  • #2,282
  • Sep 12, 2010 3:38pm Sep 12, 2010 3:38pm
Quoting muntu ntu
I think I will be the one buying from you hier Zebu, as my own view on this pair is bullish.
BTW, the message on your chart is for a buy limit, and you say you sold. please clearify.


zebulon;4014117]I have just took a short on NZD/USD at 0.7276,


Let it run !
[/quote]

Yes i'm short : you can see on monthly, weekly and daily that 0.7290 is a big resistance since september 2009.
on TF 4H, we have a flying budha and the 3 last candles have a wick, i think it is a good opportunity to play a breakdown, and to participate at the beginning of the move. We 'll see
  • #2,283
  • Sep 12, 2010 4:37pm Sep 12, 2010 4:37pm
Yes i'm short : you can see on monthly, weekly and daily that 0.7290 is a big resistance since september 2009.
on TF 4H, we have a flying budha and the 3 last candles have a wick, i think it is a good opportunity to play a breakdown, and to participate at the beginning of the move. We 'll see[/quote]

Participation failed with a little SL, looking for another one...
  • #2,284
  • Sep 12, 2010 8:41pm Sep 12, 2010 8:41pm
Quoting muntu ntu
Hi Baku, allow me not to agree whit the suggestion. What if Graeme had already taught us most of what he has to teach? Personally, I think it is the case right now. If so, he will not be around that often. Therefore you need traders, especially those that have got the message, to keep the thread going, and Graeme intervening form time to time as suits him.

completely agree. I believe this thread is very important and would hate to see it disappear due to lack of recent posts from Graeme.
  • #2,285
  • Sep 13, 2010 1:57am Sep 13, 2010 1:57am
Quoting kcravey
completely agree. I believe this thread is very important and would hate to see it disappear due to lack of recent posts from Graeme.
I believe that this thread is very important too. I also believe that there are still more lessons to come from Graeme but all the random contributions is making it difficult for him to continue. Shall we just say "a little bird told me that" ? A discussion thread running along side will allow us to discuss strategies, post charts of our trades, etc without disrupting this thread.
Anyway, whatever it is that is causing Greme's absence, I hope he is ok and have recovered from what was making him bed stricken recently. I would like to wish him speedy recovery if he is still poorly.

Bak
  • #2,286
  • Sep 13, 2010 8:00pm Sep 13, 2010 8:00pm
Hi Graeme,

Good Morning. Hope you are recovering and doing well.

Regards,
TradeStar
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #2,287
  • Sep 13, 2010 8:02pm Sep 13, 2010 8:02pm
Hi Ben,

How is your 20 pip entry exercise is coming along?

Regards,
TS
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #2,288
  • Sep 13, 2010 10:21pm Sep 13, 2010 10:21pm
Hi T.S.,
Its going well I am using a variety of methods based on breakouts. I am not trading for 2 weeks as I am going back to the U.K. for my brothers wedding. How is your trading/hindsight going??

This thread seems to have gone quiet, the flying Buddha seems to have taken over some what.
The flying Buddha is attractive to people because it gives the impression of a bargain ie buy at the bottom and sell at the top!

Marion/Joe is no doubt a very successful trader, but how much of that success is down to the system? And how much is it down to Marion?? How many Marion s are there among us? 1 in 100?

I have a theoretical question.....

If Graeme had introduced the flying buddah as a trend continuation signal with a 60% success rate, instead of a trend reversal signal with a 40% success rate, what would the reaction have been?????

Is anyone using any other of Graeme's techniques? Volatile breakouts, .00 ?

This is not a negative post, I'm just trying to help introduce a more generalised discussion!

Hope everyone is well.

Regards,
Ben
  • #2,289
  • Sep 13, 2010 10:50pm Sep 13, 2010 10:50pm
Quoting leggo
Hi T.S.,
Its going well I am using a variety of methods based on breakouts. I am not trading for 2 weeks as I am going back to the U.K. for my brothers wedding. How is your trading/hindsight going??

This thread seems to have gone quiet, the flying Buddha seems to have taken over some what.
The flying Buddha is attractive to people because it gives the impression of a bargain ie buy at the bottom and sell at the top!

Marion/Joe is no doubt a very successful trader, but how much of that success is down to the system? And how much is it down...
Brilliant. You have echoed my thoughts as well.

Graeme on many occasions has mentioned that entry alone is not critical in big scheme of things.

- Low risk entries (participation)
- Stacking
- Getting in both ways, as opportunity provides
- Money management
- And holding on as much as market allows.

It will be nice, if some of the experienced traders keep posting, touching upon these topics and share their views while waiting for Graeme.

All the best to everyone.

Regards,
TradeStar
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #2,290
  • Sep 13, 2010 11:21pm Sep 13, 2010 11:21pm
Quoting leggo
Hi T.S.,
Its going well I am using a variety of methods based on breakouts. I am not trading for 2 weeks as I am going back to the U.K. for my brothers wedding. How is your trading/hindsight going??

This thread seems to have gone quiet, the flying Buddha seems to have taken over some what.
The flying Buddha is attractive to people because it gives the impression of a bargain ie buy at the bottom and sell at the top!

Marion/Joe is no doubt a very successful trader, but how much of that success is down to the system? And how much is it down...
I have traded 00 successfully (it's almost my '1thing' ) for a long time just not in the manner as Graeme described. I knew I was profitable in the SHORT direction more often than long but I also made another revelation from my trading pattern. Bounce of down resistance levels are much more powerful and profitable when compared to bounce up from support levels (pivot points... arguably my '1.1thing').

Just my observation and opinion for what it's worth... all we got is the outcome of our past trades... analyze what works and what doesn't and make appropriate changes to your trading plan. Trading is as simple as clicking a bunch of buttons... my constant struggle is consistent performance (even if it is 10% per year) with minimum risk, low drawdown while maintaining smooth equity curve. Graeme's teachings addresses all the weaknesses in my trading 'personality'... hence my participation on this thread.

Does anyone know which months are profitable for you? Analyze at your trading log... you will find better answers instead of browsing forums looking for the next new trade setup! For me, my most profitable months are nov and december for some unknown reason. My worst months? you guessed it... jan and feb. Why? I think greed kicks in and takes aggression over my trading style. oh.. it's free money, let's load it up baby! and boom, you loose all your profits and some of your capital. Such reflections make us better understand our phycology and helps us find ways to put a lid on emotions that are detrimental to the survival of our trading career.... just imho

- vee
Staying in my lane...
  • #2,291
  • Sep 14, 2010 2:42am Sep 14, 2010 2:42am
Quoting leggo
I have a theoretical question.....

If Graeme had introduced the flying buddah as a trend continuation signal with a 60% success rate, instead of a trend reversal signal with a 40% success rate, what would the reaction have been?????
I thought about that, i.e. why not consider it as a continuation signal. But then (IMHO) it is a continuation signal. That is to say it works better as a continuation of the trend after a pullback, so for mine, the reversal is the reversal of a pullback not the reversal of a trend. In my limited observation it works better when it signals a return to the direction of a higher timeframe direction.

Have not posted in this thread before, just finished reading it, only to find that Graeme may not be well. If that's the case Graeme, although we have not conversed, I wish you all the best and join with others in wishing you speedy recovery.
Good Trading
  • #2,292
  • Sep 14, 2010 4:19am Sep 14, 2010 4:19am
In his book "getting started in technical analysis", Jack D Schwager describes what he calls one of the best signals in T A: failed signals. For instance, if a hed and shoulders fails to continue thru the neck, that might signal a strong reversal to the side opposite the intended. So, failed FB might as well signal the continuation of the trend but not 6/10 times IMHO, because the trend can also enter a range. And we know this is what happens most of the time


Quoting aud
I thought about that, i.e. why not consider it as a continuation signal. But then (IMHO) it is a continuation signal. That is to say it works better as a continuation of the trend after a pullback, so for mine, the reversal is the reversal of a pullback not the reversal of a trend. In my limited observation it works better when it signals a return to the direction of a higher timeframe direction.

Have not posted in this thread before, just finished reading it, only to find that Graeme may not be well. If that's the case Graeme, although we have...
Patience is magic
  • #2,293
  • Sep 14, 2010 5:24am Sep 14, 2010 5:24am
Quoting pipEASY
Im hoping for a big push up with new buyers noticing this weakness of sellers. Sellers cannot continue pushing hard as this. They need other sellers to jump on but other sellers are not happy with those wicks too. Infact other sellers are now thinking of becoming buyers. Sellers are in real trouble here. Something big is coming.

http://img717.imageshack.us/img717/5286/aa1o.png

???

That is just embarassing. What a pitiful attempt by buyers. No short wicks and its telling...
Hi Graeme

Your thread is just superb

I am truly delighted to read and incorporate my trading knowledge with your vast experience and information being SHARED here, especially the PA (...this is so far I have come to... and I believe more to come in the following).

I highly respect and salute for you being kind and willing to SHARE and put up so much time here! So much efforts taken to reply each question!


Thank You So Much... God Bless You!

Warmest Regards
Lee
tpat
  • #2,294
  • Sep 14, 2010 7:04am Sep 14, 2010 7:04am
I have finally been brought out from the shadows by this thread. I have been a lurker here for some time and was fortunate enough to come across it one day whilst browsing.
I am currently on page 111 and slowly working my way through all of the material presented. It certainly is enlightening and has made me think of trading in a whole new way.

I have felt compelled to register myself and use my first post to express by heartfelt gratitude to you pipEASY for your seemingly endless patience and willingness to contribute so much to your readers. Thank you.

I consider myself to be quite inexperienced in trading, having dabbled for a while with very short timeframes trying to grab a few pips here and there. Overall I have had positive results but have also learned that this approach does not suit me if am to find long term success.

My short term goal is simply to find consistency.
Medium term I want to try and supplement my income from my day job and become less reliant on an employer.
If I can achieve the above, then long term I would love to free myself from my present employer and maintain my current (or better) lifestyle from the markets.

Presently, my main obstacle is that I work full time. That coupled with the fact that I have a young family limits the time that I can spend in front of the PC. The immediate challenge for me is to be able to establish some low risk entries within my time contraints, but after all I have read so far, I am sure the effort will be worthwhile.
Anyway, I shall continue my reading and try to catch the rest of you up.

Once more, many thanks pipEASY. I shall be glad to donate xx amount to charity if it all works out.

Kind regards, Beastie.
  • #2,295
  • Sep 14, 2010 7:33am Sep 14, 2010 7:33am
Hi Friend,
I've been told that you should start donating first and success follows, not the other way round

Once more, many thanks pipEASY. I shall be glad to donate xx amount to charity if it all works out.

Kind regards, Beastie.[/quote]
Patience is magic
  • #2,296
  • Sep 14, 2010 7:42am Sep 14, 2010 7:42am
Quoting leggo
Hi T.S.,
I have a theoretical question.....

If Graeme had introduced the flying buddah as a trend continuation signal with a 60% success rate, instead of a trend reversal signal with a 40% success rate, what would the reaction have been?????

Is anyone using any other of Graeme's techniques? Volatile breakouts, .00 ?

This is not a negative post, I'm just trying to help introduce a more generalised discussion!

Hope everyone is well.

Regards,
Ben

I use the '00 entry to a degree, but I use the big round numbers as an area of s/r in my mind and have started using his wicks teaching and it has helped me out a lot. I still only demo on wicks, but i'm liking it very much.

I see what he says a FB is, I still have not got my head around it to determine what I think of it yet. I'm sure it works well but there is something there in my gut questioning it and until I can noodle that out, I will not use an entry.

entries I use:

Demark TL breaks in direction of trend
123 formations
S/R & BRN
the basics of J16 thread

That's more than enough for me to look at for right now.

Good day and happy pips
A woman drove me to drink, and I forgot to thank her
  • #2,297
  • Sep 14, 2010 8:39am Sep 14, 2010 8:39am
Very new to this thread, been catching up with all the reading, mainly from the compilation of Graeme's posts above. Thought I'd share what I've just seen on USD/CAD. Monthly trend down, weekly had a FB/pinbar 3 weeks ago, daily had a triple wick high followed by I think a strong volatility break down. The current 4hr is also showing a volatility break down. What I am really liking is on the daily chart it appears that last Thu and Fri sellers were beginning to show signs of weakness with long wicks but then yesterday (Monday) closed below Friday's wick. Price today retraced pretty much right on yesterday's 50fib which would have been an unbelievable trade on 5 min!

Would be interested to hear others' analysis especially Graeme's. Good luck to anyone who chose this pair for their 2 week project!
  • #2,298
  • Sep 14, 2010 11:46am Sep 14, 2010 11:46am
Big support on EUR/USD monthly around 1.2670
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  • #2,299
  • Sep 14, 2010 11:49am Sep 14, 2010 11:49am
Weekly, we can see the price retrace from 1.3333 to 1.26 which is 50% fibo
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  • #2,300
  • Sep 14, 2010 11:49am Sep 14, 2010 11:49am
AUDUSD, GBPUSD, EURUSD, USDCHF

they are all flying as we speak.

I am selling USD as madman.

Pull up your 5 minute charts and watch. THis is momentum. Is our biggest chance to add freetrades to the millipede.

I have so many of them (BE`s) that I cant count atm.

Greetings

Coronajazz
You wont survive without preserving!!!
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