There are no secret patterns and there will never be one | Page 14 | Forex Factory

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Attachments: There are no secret patterns and there will never be one
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There are no secret patterns and there will never be one

  • #261
  • Oct 27, 2010 11:10am Oct 27, 2010 11:10am
Of course there is secret patterns! They are SECRET!
Make your losses in demo. Earn your profits live.
  • #262
  • Oct 27, 2010 11:24am Oct 27, 2010 11:24am
Quoting Forexia
Of course there is secret patterns! They are SECRET!

  • #263
  • Oct 27, 2010 11:25am Oct 27, 2010 11:25am
But Forexia, how do we know they exist if they're a secret?
  • #264
  • Oct 27, 2010 11:50am Oct 27, 2010 11:50am
Quoting qwertymyfx
But Forexia, how do we know they exist if they're a secret?
Because we don't know that they don't exist
Make your losses in demo. Earn your profits live.
  • #265
  • Oct 27, 2010 1:49pm Oct 27, 2010 1:49pm
Quoting Forexia
Because we don't know that they don't exist
http://t0.gstatic.com/images?q=tbn:A...tW9DQndR_g2RQ=

  • #266
  • Oct 28, 2010 7:18am Oct 28, 2010 7:18am
It was such a silly title...

Why did I pick it?

Secrets we never will know. If we know, then it is not a secret.

So how do we know there is one or not?

That is a secret also.
Life is a school for the soul
  • #267
  • Oct 28, 2010 9:18am Oct 28, 2010 9:18am
The secret is........

.886



"a relatively new discovery....
one of the finest discoveries in technical analysis in the past 10 years....
I want to recognize Jim for his tremendous contribution....
the most effective Fibonacci ratio....
define the state of future potential price action"
-- ESignal
  • #268
  • Oct 28, 2010 9:22am Oct 28, 2010 9:22am
Quoting ha-pattern
The secret is........

.886



"a relatively new discovery....
one of the finest discoveries in technical analysis in the past 10 years....
I want to recognize Jim for his tremendous contribution....
the most effective Fibonacci ratio....
define the state of future potential price action"
-- ESignal
"define the state of future potential price action"
This have made my day, thank you ha-pattern!
Life is a school for the soul
  • #269
  • Oct 28, 2010 12:35pm Oct 28, 2010 12:35pm
esuffw.......please try & contain your laughter....YOU might hurt yourself.

This how to do it in moderation. Just kidding keep laughing.

_________________
  • #270
  • Oct 28, 2010 1:07pm Oct 28, 2010 1:07pm
Quoting esuffw
It was such a silly title...

Why did I pick it?
I think it's a good title.

Even though we know that Grail searching and prediction is futile - try to look for any thread here on the forum that doesn't engage in it.
For example, all of the threads that bash indies and then go on to brag about "price action". All they end up being is candlestick patterns, T.O.D. etc.
Same with "order flow", "scalping", "basket trading"... on and on.

http://miniaturedreamparties.com/ima...0animation.gif

It is, and will always be, a really great challenge to keep your eye on the present as it unfolds - to follow the market as it develops and place your trades within this changing landscape. Rather than seek formulas which allow you to forecast.
  • #271
  • Oct 28, 2010 3:38pm Oct 28, 2010 3:38pm
Guys, this thread is getting ridiculous.

But how do we know it's getting ridiculous?

We don't.

But do we KNOW we don't?

Enter Signature
  • #272
  • Oct 29, 2010 10:53pm Oct 29, 2010 10:53pm
I've read many using Elliot Wave pattern and I find it quite subjective.

any comment regarding EW pattern? Can it be long term profitable?
  • #273
  • Nov 5, 2010 2:12am Nov 5, 2010 2:12am
In my opinion, all patterns are subject to the user's accumulated experience. If the net result is profitable after a series of trades using the same pattern, then you've discovered a "secret" and obtained an edge in the markets.

As for EW patterns, I've modified the recognition of the price rhythm and go for the impulse (motive) waves only. Because I need the first impulse (breakout), I'm only left with 2 more opportunities to set up a trade. After the completion of the 1-5 waves, I find the retracements a-c waves "choppy" and not really worth the risk, so I'd either stay out or implement scalping techniques.

Regarding momentum, acceleration, etc, I've tried some mathematical algorithms to measure and execute the entries and exits. It is true that the markets can change direction very quickly, therefore there is merit in considering the random theory where direction is unpredictable, where money management (position sizing), trade management (scaling in and out), and reward-to-risk for various strategies are implemented. However, such measurements of speed and acceleration can be rather complicated, and the net result may be less profitable than simply following the trend. When following the trend, you can get 10x or 20x Risk, while along the journey, many mathematical methods would have been "bumped" out.

Overall, it's a compilation of all aspects that will determine if a trader has a winning "secret" in the markets. Patterns or lack thereof, is just one of many components.
  • #274
  • Nov 15, 2010 6:50am Nov 15, 2010 6:50am
Hello Fellow Traders

Its been a while since I could take some time to write and share.

I won't be too long, but here we go: Today's topic is BLOCK ORDERS

Block trades are very large orders which intention is to BLOCK price, more like trap it into a desired range.

The purpose of traping prices in a range is?? Can someone tell me??

Okay, as usual, I will let it out.

1.) To protect barriers of related products
2.) TO ACUMMULATE or DISTRUBUTE CURRENT HOLDINGS

I wont go into detail reagrding Number 1,

but number 2-------> To acummulate is to buy as much as possible at prices as low as possible. To ditrubute is to sell as much as possible at prices as high as possible.

So how does a block trade help? Think about it, if you have a strong resistance, what would you do? You would go short, no? THAT IS EXCALTY WHAT THE MARKET MAKER WANTS TRADERS TO DO, AND SUCH PURPOSE IS ACHIEVED WITH A BLOCK ORDER. There will be frount runners, peggybackers, flow traders, Tech traders etc... They all reduce the cost of the market maker when used rightly.

Also, S ------> R when broken and R -------> S. Think about it in a block trade manner. Why do S---->R and R----->S???? Confused?????? Give some answers below, will come back and check if anyone is reading.

Good trading to all
Life is a school for the soul
  • #275
  • Nov 15, 2010 6:53am Nov 15, 2010 6:53am
I like the tone of this thread...
  • #276
  • Nov 15, 2010 8:46am Nov 15, 2010 8:46am
Quoting tdion
I like the tone of this thread...
You mean the colour tone?

thx tdion, good luck to you friend.
Life is a school for the soul
  • #277
  • Nov 15, 2010 8:59am Nov 15, 2010 8:59am
Quoting esuffw
Hello Fellow Traders

Its been a while since I could take some time to write and share.

I won't be too long, but here we go: Today's topic is BLOCK ORDERS

Block trades are very large orders which intention is to BLOCK price, more like trap it into a desired range.

The purpose of traping prices in a range is?? Can someone tell me??

Okay, as usual, I will let it out.

1.) To protect barriers of related products
2.) TO ACUMMULATE or DISTRUBUTE CURRENT HOLDINGS

I...
Seems like nobody has taken up the task. Anyway, some tips to get the lazy brains started:

BLOCK ORDER really is the best name for what it is. Here is why

BLOCK ORDERS BLOCKS PRICES, AND GIVES A ORDERED MARKET.

Do you see the connection???? No???
Life is a school for the soul
  • #278
  • Nov 15, 2010 9:32am Nov 15, 2010 9:32am
Ok the market maker has a large buy order on his books.But he cant just offload that onto the market in one large order so are you saying that he will place a block sell order at a certain price,say a big round number to create the resistance.Then he can keep buying up to that price untill he has offloaded the order?
  • #279
  • Nov 15, 2010 10:29am Nov 15, 2010 10:29am
Quoting esuffw
Seems like nobody has taken up the task. Anyway, some tips to get the lazy brains started:

BLOCK ORDER really is the best name for what it is. Here is why

BLOCK ORDERS BLOCKS PRICES, AND GIVES A ORDERED MARKET.

Do you see the connection???? No???
How do you see "block orders" on the retail side of it? Where's the order book?
Are saying giant, single-small-candle spikes may be considered block orders?

And it sounds a little like central-bank manipulations, which contribute to the disorder of the market. (http://en.wikipedia.org/wiki/Foreign_exchange_market)
Maybe not, different animal. They do make me think of stock buybacks, which'd increase volatility.


(Apparently, tone deaf = color tone = color blind = deaf, dumb and blind.)

Playing along --
The market takes a while to digest block orders; since we know the cause of much of the market's action from that point on, the market is thus orderly.

Only, what does it matter, chartwise?
I mean, what can we look for to find these range-setters?

NFP? Or technical chart turns? or, as I suggested, tall candles? Or something else, such as a hitherto unknown broke r source of orders?
  • #280
  • Nov 15, 2010 10:41am Nov 15, 2010 10:41am
Quoting ha-pattern
How do you see "block orders" on the retail side of it? Where's the order book?
Are saying giant, single-small-candle spikes may be considered block orders?

And it sounds a little like central-bank manipulations, which contribute to the disorder of the market. (http://en.wikipedia.org/wiki/Foreign_exchange_market)
Maybe not, different animal. They do make me think of stock buybacks, which'd increase volatility.


(Apparently, tone deaf = color tone = color blind = deaf, dumb and blind.)

Playing along --
The market takes a...
Hey ha-pattern

Some blocks are flat. Some blocks are exponential. Some blocks are linear.

"Remember, when construction have finished, the road blocks are removed"...

Will continue tomorrow

*B4 i go to sleep... Ha: Whenever you have ordered movements in the market, there is always a big hand (a few big hands) behind the move.
Life is a school for the soul
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