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  • #2,381
  • Sep 21, 2010 4:25am Sep 21, 2010 4:25am
Quoting stratman
Another chart I watch occassionally ... I should watch more

You can see why EU has gained ... Typically GU would go opposite $index as well ... this indicates a lot of weakness in the pound right now?

There's enough of a messy picture across the charts for me to stand aside for now....
Thanks for the $index link stratman. It's a good thing to watch indeed! I believe there's an MT4 platform which has it as one of the tradable symbols. I'll see if I can track it down (might make it easier to watch).

I'm wondering if you could post a quick summary of your trades for the day. After my short scalp for +9, I didn't manage to get any other good entries. I felt, rightly or wrongly, that momentum was too strong and there were no good retraces for entry. I thought about trading the bounce off ~132.50 but was scared off by that strong momentum.

Edit: Was this one?

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  • #2,382
  • Sep 21, 2010 4:28am Sep 21, 2010 4:28am
You can also draw $index as follows. EDIT: I meant to say you can draw SR on $index

My view is that GU could get to 1.55 round number if $index hits resistance of 81.35 ... this says to me that 1.55 could be very good support

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  • #2,383
  • Sep 21, 2010 4:42am Sep 21, 2010 4:42am
No .. it was GU

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Quoting Mindsphere
Thanks for the $index link stratman. It's a good thing to watch indeed! I believe there's an MT4 platform which has it as one of the tradable symbols. I'll see if I can track it down (might make it easier to watch).

I'm wondering if you could post a quick summary of your trades for the day. After my short scalp for +9, I didn't manage to get any other good entries. I felt, rightly or wrongly, that momentum was too strong and there were no good retraces for entry. I thought about trading the bounce off ~132.50 but was scared off by that strong momentum.

Edit:...
  • #2,384
  • Sep 21, 2010 4:47am Sep 21, 2010 4:47am
Quoting stratman
No .. it was GU

Attachment
*cough*

I just noticed that. Can't believe I didn't see it before! I'm too heavily focused on GBPJPY. Can't see the forest for the trees etc. Oh well. Nice trade!
  • #2,385
  • Sep 21, 2010 4:50am Sep 21, 2010 4:50am
Added the skeleton of the forum to the pipware.com site. Now thinking about category structure.

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  • #2,386
  • Sep 21, 2010 4:57am Sep 21, 2010 4:57am
Quoting stratman
Added the skeleton of the forum to the pipware.com site. Now thinking about category structure.

Attachment
How about:

- Basic trading discussion
- Advanced trading discussion
- Trade Journals
- Technical Support

Basic & Advanced sections could have stickied topics at the top where frequently asked questions are answered.
  • #2,387
  • Sep 21, 2010 5:00am Sep 21, 2010 5:00am
Quoting stratman
Yes the 20-30 pip runs are the ones I am after....
Hi Stratman,

Thanks a lot for posting some examples.

Im starting to see it a lot clearer now

With regards to exits.

I can suggest what i do.

I manage open positions on 1m/5m charts.

- I set my RR on 2:1

- I mark s/r "obstacles" between my entry and my target.

- I manage my stop as we begin to swing, break, confirm boundaries broken.

Either my target is hit, or my stop is hit in "usually" profit.

The good about this:

1) Its rather mechanical with a positive RR ratio.

2) Losses are limited since i hardly ever get a full loss.

3) It is based on natural market flow (swings/waves).

Here is a trade i was in. Got took out as of writing this lol.

Didnt reach 2:1 but i limited my losses by moving my stop once price confirmed a new swing (break-pullback...).

Hope this helps others aswell.

Just trying to share, learn and grow into a pro.

Cheers.

Pip
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  • #2,388
  • Sep 21, 2010 5:01am Sep 21, 2010 5:01am
you know after i complained to you that thv on the 1 minute is too hard? i started looking more at your charts.

that adx cross on m5 is what i look at now. i mean since i ranted to you, i haven't touched scalping or thv at all. BUT, i have one eurusd chart on thv up at all times just to look at it and gain experience.

Quoting Tread
ADX Indicator

I usually monitor the ADX on the M1 and the M15 Chart(Current Chrt) after the order is placed... I watch the DI for the Direction and the ADX for the Strength. DI starting to cross will give the heads up, confirmed by the weekend ADX strength.


It works great for me
  • #2,389
  • Edited 7:30am Sep 21, 2010 6:03am | Edited 7:30am
Just visited your website and looked at your new forum - you set it up very fast . here are my humble ideas/ wishes for your forum: a weekly chartbook for the majors and crosses (for monthly, weekly, daily timeframes)- and (if possible, because it would be a lot of work to do) a daily chartbook posted at 6 am GMT (with H4, H1, M30, M15) for the start of the London session with daily strategies and analysis of SR, Trends, indicators. Moneymanagement, Trading Psychology, Intermarket Analysis as separate topics would be nice, too.

I just made an experimental "Chartbook" for the majors - monthly TF. Itīs in grey for easy printing - no indicators, etc - TL & SR can be handdrawn on printout - nice exercise IMHO. would be nice to hear what you would like your "weekly Chartbook" to look like - this is the first I made and itīs price only -
Attached File(s)
File Type: doc Monthly Majors - Charts only -.doc   138 KB | 409 downloads
  • #2,390
  • Sep 21, 2010 3:29pm Sep 21, 2010 3:29pm
Very good idea. To limit my effort, I could post my current SR markup with ideas just before London opens.

Quoting HannesW.
Just visited your website and looked at your new forum - you set it up very fast ....
  • #2,391
  • Sep 21, 2010 3:36pm Sep 21, 2010 3:36pm
I can add others later. I'm now trying to figure out how to add people to an R&D group ... doesn't seem very easy to add custom groups to Joomla.

BTW, I settled on Kunena forum as it is an addin to Joomla so user management is automatic ie Joomla users are Kunena user automagically.

Attached Image


Quoting Mindsphere
How about:

- Basic trading discussion
- Advanced trading discussion
- Trade Journals
- Technical Support

Basic & Advanced sections could have stickied topics at the top where frequently asked questions are answered.
  • #2,392
  • Edited 4:20pm Sep 21, 2010 4:01pm | Edited 4:20pm
Hey - logged in successfully -

looks like itīs all set up and ready to work - well done

wonder how long it will take to fill the forum with good content - and to make it a constructive and effective online trading community

hopefully I can be of some help to get some good trading discussions going and to keep them alive and innovative (or realistic and objective, which would do for the start, IMHO)


... just donīt want to be the first to write something
  • #2,393
  • Sep 21, 2010 7:18pm Sep 21, 2010 7:18pm
It's great how people can access all of the Trading Lessons / videos from the menu at the top of the page. This removes the noise and other distractions at youtube. Having all these and the trading videos avialable in the one place will be very helpfull indeed. Mark Yeates.
  • #2,394
  • Sep 21, 2010 10:30pm Sep 21, 2010 10:30pm
Quoting stratman
I can add others later. I'm now trying to figure out how to add people to an R&D group ... doesn't seem very easy to add custom groups to Joomla.

BTW, I settled on Kunena forum as it is an addin to Joomla so user management is automatic ie Joomla users are Kunena user automagically.

Attachment
Hey stratman, looking good.

Just a couple of things I would say though - if you're using shared hosting, the whole thing is likely to fall over once there are more than 10-20 concurrent users on the board. I'm not sure how efficient Kunena is at caching data.

You might be better off using a solution like phpBB or simple machine forums. Joomla has numerous different extensions which cater for both of these solutions as far as user and visual integration are concerned - http://extensions.joomla.org/extensi.../forum-bridges

Both those forum solutions are designed for high-load and are very fast. Plus different user groups are not an issue with them. It might be easier switching to one of those rather than trying to hack in some sort of user level grouping into Kunena.
  • #2,395
  • Sep 21, 2010 10:56pm Sep 21, 2010 10:56pm
Joomla 1.6 sorts all the issues with ACL (access control lists). We'll have to whether concurrency will be an issue with kunena.

Quoting Mindsphere
Hey stratman, looking good.

Just a couple of things I would say though - if you're using shared hosting, the whole thing is likely to fall over once there are more than 10-20 concurrent users on the board. I'm not sure how efficient Kunena is at caching data.

You might be better off using a solution like phpBB or simple machine forums. Joomla has numerous different extensions which cater for both of these solutions as far as user and visual integration are concerned - http://extensions.joomla.org/extensi.../forum-bridges

Both...
  • #2,396
  • Sep 22, 2010 1:37am Sep 22, 2010 1:37am
Quoting stratman
Joomla 1.6 sorts all the issues with ACL (access control lists). We'll have to whether concurrency will be an issue with kunena.
Sounds good stratman.

Here's my first trade of the day:

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  • #2,397
  • Sep 22, 2010 2:02am Sep 22, 2010 2:02am
I'm posting all my trading discussion here ... testing things out
http://www.pipware.com/forum/8-tradi...iscussion.html

Login if you want to participate
  • #2,398
  • Sep 22, 2010 2:54am Sep 22, 2010 2:54am
Quoting stratman
Joomla 1.6 sorts all the issues with ACL (access control lists). We'll have to whether concurrency will be an issue with kunena.
I have worked with Joomla, PHP-Nuke, OS Comerce (and variations), and WordPress.

I have found WordPress to be way easier to setup and use, it has way better performance - I think it might be worth a look
  • #2,399
  • Sep 22, 2010 3:03am Sep 22, 2010 3:03am
turning out to be very nice stratman. anyhow, am i reading something wrong or is this a head and shoulder on g/c on 4hr tf?

http://img824.imageshack.us/img824/8...dshoulders.jpg
  • #2,400
  • Sep 22, 2010 3:10am Sep 22, 2010 3:10am
from the neckline (to the head on h4) to the lowest low (which was back in dec 2008) is precisely the same in pips: a difference of 447 pips +/- 5 pips
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