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  • #2,381
  • Sep 19, 2010 2:24am Sep 19, 2010 2:24am
Hello Sir Graeme,

Good to see you back.

Your eloquence in driving your message across is what amazes me no end.

I am a newbie and I am very very glad and fortunate that I have visited your thread at this early of my forex trading journey.

I've read tons of messages in this forum.
And I've learned tremendous amount of trading knowledge by doing so.

If I'm going to pick the best from among the best of the original poster that heavily contributed to my understanding and approach to trading that would be you.

This thread is not only educational.
It is inspirational!

Have a nice day.
  • #2,382
  • Sep 19, 2010 2:31am Sep 19, 2010 2:31am
Hi Graeme:
I silently follow this thread. I am glad that you are back. Hope you feel better. You have been selflessly contributing to this forum and we are grateful to have you here.

Thanks,

FX_California

Quoting pipEASY
Good morning, all

Thank you for the continued interest and the compliments.

Apologies for my abrupt absence from this forum as I had personal complications with health.

I thank all the participants in contributing in this thread during my absence. I have read all the posts after my last post and the private messages/emails.

From what I have read and noticed, it compels me to step in and adjust/confirm what is currently said or believed.

This post is not a rebuke [b]to anyone or any post in particular so please do not feel disheartened...
  • #2,383
  • Sep 19, 2010 3:49am Sep 19, 2010 3:49am
Happy reading from you again,Graeme, and thanks for the post. Its length proves you are completely in shape again. We thank Mother Nature who has healed you!
Patience is magic
  • #2,384
  • Sep 19, 2010 4:16am Sep 19, 2010 4:16am
Graeme

May This Message Find You In Good Health, Always!

It is nice to see you back and post.

Cheers
  • #2,385
  • Sep 19, 2010 4:48am Sep 19, 2010 4:48am
Quoting pipEASY
Its not the FB that creates you proft. FB is a potential opportunity. Potential opportunity.

What is opportunity?
Opportuntity is a selected period of time that allows the individual to partake in a given scenario that might yield a positive or negative outcome.

In trading, there are only 3 tangible ingredients to profitable trading.

1. Low risk-entry
2. Participation
3. Growth
Thank you ever so much Graeme. I would really like to thank you for your time and effort you have put in for all traders. The information available in this thread is pure solid gold. The amount of time you must have spent writing these posts must have been worth weeks/months.

I just came across this thread yesterday and have started reading all the posts. There is wealth of information in this thread and I have work cut out for the next 4 weeks or so.

Thank you once again and I wish you all good health.
  • #2,386
  • Sep 19, 2010 8:10am Sep 19, 2010 8:10am
Graeme,

Good to see you back and wish you the best of health.

Thank you for the time and effort you've put into posting here.

I'm quietly digesting all you've said and implementing what you refer to as your " bread and butter " trades.
  • #2,387
  • Edited 9:31am Sep 19, 2010 8:12am | Edited 9:31am
Finally, I understand. I can now see that what you are teaching us is pure statistics.

Assuming a completely random market, when I enter a trade I have a 50:50 chance of that trading gaining 10 pips, or hitting my 10 pip stop loss. If it hits my stop, the game is over. However, if it moves in my favour then it now has a 50:50 chance of either moving back to break even or moving to +20 pips. And so it continues. But if it ever hits -10 then the game ends, The losing side is limited. However, the laws of statistics dictate that many trades will move in a positive direction and as we never end the game when the direction is positive, the the upside is unlimited.

I now see why you use gambling as an analogy. A gambler has a fixed R;R. He either loses a fixed amount or wins a fixed amount. A trader either loses a fixed amount, or if he wins, this bet is allowed to ride onto the next coin toss. With each winning move, the odds of that game turning into a loser grow smaller and smaller.

I now understand why the entry is not the most important aspect, but participation is. A good entry helps your chances of winning the first few tosses of the coin. But that is all. Beyond those first few tosses, the market decides the outcome of the game. But the game is rigged. If the market starts to win, we end the game. If we are winning, we continue.

Graeme, thank you very much for this enlightenment.

I wish you well and hope whatever issues you are having at the moment come to swift end.

Best wishes, Beastie.
  • #2,388
  • Sep 19, 2010 8:52am Sep 19, 2010 8:52am
I have saved these words of wisdon in my computer. Thank you graeme. My prayers are with you.

Quoting pipEASY
Good morning, all

Thank you for the continued interest and the compliments.

Apologies for my abrupt absence from this forum as I had personal complications with health.

I thank all the participants in contributing in this thread during my absence. I have read all the posts after my last post and the private messages/emails.

From what I have read and noticed, it compels me to step in and adjust/confirm what is currently said or believed.

This post is not a rebuke [b]to anyone or any post in particular so please do not feel disheartened...
  • #2,389
  • Sep 19, 2010 9:03am Sep 19, 2010 9:03am
Hi Graeme,
I hope all is well. Best wishes on your recovery.
  • #2,390
  • Edited 11:28am Sep 19, 2010 10:04am | Edited 11:28am
Hello Graeme,

Excited to see a new post from yourself, hope you are or will soon be running at full speed again. One day I hope to reach the same level of market understanding as you do. I can see that you are trying to teach us a metatrading method, a framework on which we can build up to infinity and tweak to our own style.

Kindest Regards,

Cam
  • #2,391
  • Sep 19, 2010 10:19am Sep 19, 2010 10:19am
Quoting miracle16
hi muntu,


look at what euro weekly candle is telling us? do you want to choose this pair to stack aggressively downwards?
good trading all.
Hi Miracle,
Well, there is no such thing as a sure fire thing in this world. Nonetheless reasons abound to give it a try here: ema200 resistance, round number 131, bearish pin bar/flying Buddha.
Only question is the best way to get in if you don't want to get caught by the big boss playing with green and red candles just as you open the computer in the morning.
Muntu
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX EUR_USD (17-SEP-10).png Size: 16 KB
Patience is magic
  • #2,392
  • Sep 19, 2010 11:01am Sep 19, 2010 11:01am
Quoting muntu ntu
Hi Miracle,
Well, there is no such thing as a sure fire thing in this world. Nonetheless reasons abound to give it a try here: ema200 resistance, round number 131, bearish pin bar/flying Buddha.
Only question is the best way to get in if you don't want to get caught by the big boss playing with green and red candles just as you open the computer in the morning.
Muntu
I want to post this to prove something to myself when i read it tomorrow.
I know how fridays daily bar was formed and based on backtesting. Price on mondays open will rise upwards no idea what it will do later.
but it will go above the open.
After that I'll follow price action.

If I'am correct this should produce some easy pips.And this is why i want to post it now. It very rarely fails in backtest but I want to see if it works now before the open.
I cant predict the market but this open thing seems to work.
Time will tell.
Gonna be happy or embarrassed lol.

no other way to prove it than post it before hand.
making green pips large and red pips small this is my goal.
  • #2,393
  • Edited 1:54pm Sep 19, 2010 12:25pm | Edited 1:54pm
Quoting muntu ntu
Hi Miracle,
Well, there is no such thing as a sure fire thing in this world. Nonetheless reasons abound to give it a try here: ema200 resistance, round number 131, bearish pin bar/flying Buddha.
Only question is the best way to get in if you don't want to get caught by the big boss playing with green and red candles just as you open the computer in the morning.
Muntu
Playing devils advocate, there are arguably just as many price action indications it will go up. Especially if you zoom out to more of a weekly/monthly view.

Personally, I never trade FB's till they are validated by the next candle. Their lowest price should be breached before a trade is considered IMHO. That would eliminate a lot of FB's that end up being nothing more than a continuation of the trend. Then I look for a tight SL entry on retrace/bounce. So if todays daily keeps going up and eventually invalidates Fridays FB I will consider going long instead of short. That's my plan right now.

I'm kind of getting fed up with E/U, G/U. They seem to be much more sensitive to fundamentals lately. The market keeps flip flopping between risk-on and risk-off depending on the latest economic news and Euro country debt fearmonger. No matter what the charts say today, some news could come out tomorrow and change everything. That has pretty much been happening every week for the past couple months now.
  • #2,394
  • Sep 19, 2010 1:08pm Sep 19, 2010 1:08pm
Hi Graeme

I am following your great thread from the begining. It opened already my eyes and I hope I will eventually be profitable and end the jumping of my capital near break even which has been a fact over the last 2 years of my trading.



I just cannot agree with your statemant below:


Quoting pipEASY

1800 years later, Galileo disagreed with the famous Aristotle and stated that the sun was the centre of the solar system.

Graeme
Galileo didn't stated that the sun was the centre of the solar system. It was Nicolaus Copernicus ( great Polish astronomer and mathematician ). Galileo only strongly supported his view which ended for him ( Galileo) very bad.

Please just forgive me that remark but I am Polish and these is because of patriotic reasons.

Graeme let me thank you once again. I just can not express my gratitude for your input here. As somebody stated here, yor thread is already a goldmine.

Only if I have enough faith to use it to my success.

Best regards,

Coobin
  • #2,395
  • Sep 19, 2010 1:13pm Sep 19, 2010 1:13pm
Quoting thx1139
Playing devils advocate, there are arguably just as many price action indications it will go up....
Thank you for remembering me of this good old Cable. I have it as well on the radars, as it is has resumed its bullish ride. A must trade!
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (17-SEP-10).png Size: 18 KB
Patience is magic
  • #2,396
  • Sep 19, 2010 1:20pm Sep 19, 2010 1:20pm
Quoting paul1
I want to post this to prove something to myself when i read it tomorrow.
I know how fridays daily bar was formed and based on backtesting. Price on mondays open will rise upwards no idea what it will do later.
but it will go above the open.
After that I'll follow price action.

If I'am correct this should produce some easy pips.And this is why i want to post it now. It very rarely fails in backtest but I want to see if it works now before the open.
I cant predict the market but this open thing seems to work.
Time will tell.
Gonna...
Are you talking about the opening gaps that get filled? It may be THE play for short term but what for the longer term? Can we build a lasting "pede" that way?
Patience is magic
  • #2,397
  • Sep 19, 2010 3:11pm Sep 19, 2010 3:11pm
Hello PipEasy,

It is good to see you back. Hopefully you are recovering very well. Thank again for the latest post with full of wisdom.

-maaj-
-happyTrading, maaj-
  • #2,398
  • Sep 19, 2010 4:17pm Sep 19, 2010 4:17pm
Quoting pipEASY
Joe trades FB profitably. With that type of trading approach I can guarantee that he will be also successful in trading inside bars, pin bars, engulf bars and any other type of price action setups. There is no such thing as a professional trader trading flying buddhas profitably but loses money on other setups. Think about this.

Its not the FB that creates you proft. FB is a potential opportunity. Potential opportunity.
pipEASY:

Glad to see you are still with us. Thank you ever so much for sharing your experience and views with us. Your presentation is flawless. Though, I have to admit you words remind me of another trader that posts frequently. The latest two being statistics and opportunity something which the other trader mentions often. Your friend, Joe, exploits the market by only trading short thus ensuring the market will go his way eventually. This is profitable simply because, as you mentioned, traders choose to believe what that want to believe instead of observing what works statistically.

May your recovery be swift and full.
  • #2,399
  • Sep 19, 2010 5:21pm Sep 19, 2010 5:21pm
Quoting pipEASY
Good morning, all

Thank you for the continued interest and the compliments.

Apologies for my abrupt absence from this forum as I had personal complications with health.

I thank all the participants in contributing in this thread during my absence. I have read all the posts after my last post and the private messages/emails.

From what I have read and noticed, it compels me to step in and adjust/confirm what is currently said or believed.

This post is not a rebuke [b]to anyone or any post in particular so please do not...

Hi pipEASY,

I've been lurking around this thread for some time, Just trying to understand where it came from and where it may be going.
It appears that you put the emphasis on the ‘Belief system’ of people , trying to make them SEE rather then spoon feed them, Which is probably a good thing to do. Yet it is extremely difficult - knowing human nature and the way feelings are interwoven into our thought processes.
But Let’s say that I’m a total newbie in trading, just started my first steps into the fuzzy forex forest. My name is newb and Iv'e come to FF looking for something that will get me started. something that I hear people say is ‘working’ and that I can personally relate to; Then I shall hopefully pick up things from there and see if that works for me to a reasonable extent (i.e. at least I don’t lose) or should I need to go on finding my way elsewhere. Then newb here stumbles across your thread – It is called a system here – and read “I dont know you but if everything is all relative than whatever difficulties you are experiencing can be solved by any universal solution under the same context” and to be honest I know that sentence was completely clear to you when you wrote it but newbe here is now more perplexed then he was before. Is trading that complex?
  • #2,400
  • Sep 19, 2010 5:28pm Sep 19, 2010 5:28pm
Newb is now intrigued and reads on ‘You will fail without a shred of doubt if you trade with any pre-defined actions’. What are predefined actions, newb asks himself, are trading ma crosses or support lines ‘predefined actions’? Is exiting at trend change a predefined action? Is it any good? Is it bad? So he must read on because this pro trader has something to say that newb now really needs to understand; ‘In trading, there are only 3 tangible ingredients to profitable trading.
1. Low risk-entry
2. Participation
3. Growth’

OK– that even newb can understand ‘Low risk entry’ absolutely…. But what is that exactly: Sounds like a whole trading theory to learn here. Hey, had I knew a solid system of low risk entry I should be half way there right? he thinks. I just need a high profit exit strategy and I’m done, at least newb tends to think that way.

Participation – that’s an easy one thinks newb – I just need to be IN because how can I win, how would anyone win (or loose) if I’m not in ?

Growth – for sure, that’s what we’re all about here. We all want to grow. Some of us are in search of that for years now. Not finding but still hoping; Looking up to professional traders to guide us and teach us a tangible thing or two that they picked up on their way to success and are generous to share.
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