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  • #3,501
  • Nov 10, 2010 6:04am Nov 10, 2010 6:04am
Quoting zamzen
What is your problem man?...If you don't want to share your trade, keep it under your pillow. let others to post, share, discuss and learn from each other. What you have contributed anyway?
Hello zamzen,

I am not going to start a debate (so whatever you reply to this is not going to receive an answer from me), but certainly you can understand that if everyone starts posting their charts it would make the thread less accessible, right ? If I remember correctly Graeme also hinted a few times that it would be better for the thread to not grow with unnecessary information that would more confuse than clarify.

Kindest Regards,

Cam
  • #3,502
  • Nov 10, 2010 7:04am Nov 10, 2010 7:04am
Quoting zamzen
What is your problem man?...If you don't want to share your trade, keep it under your pillow. let others to post, share, discuss and learn from each other. What you have contributed anyway?
Totally with you here, Sir.
I believe not every body here is able to post a sensible trade. Is it not helpful to see others illustrate the way they have digested Graeme's teachings?
Patience is magic
  • #3,503
  • Nov 10, 2010 7:52am Nov 10, 2010 7:52am
Any pdf update with Graeme post?

Thank you.
Financial Freedom
  • #3,504
  • Nov 10, 2010 9:13am Nov 10, 2010 9:13am
Quoting dazzdude
Hi Graeme,

Good material. Your posts have had a profound impact on how I am thinking about my trading. I decided to do a simple test (using a back tester) with your ideas.

1. I opened a pair (I chose GBPJPY).
2. I randomly pick a year (I chose 2007).
3. I ramdomly chose a month (I choose Jan).

[font=Arial]My research shows for this pair that 7am London is as good a daily open as any. So am looking to trade from 7am forward for...
Yes, I also believe 7am-9am London is the best if one were trading based on the direction of the daily open. 7am London time is when Frankfurt banks open and forex activity almost always picks up significantly compared to the Asian session. I have often seen trend reversals occur on this hourly candle.
  • #3,505
  • Nov 10, 2010 9:33am Nov 10, 2010 9:33am
[quote=dazzdude;4161393]Hi Graeme,

Good material. Your posts have had a profound impact on how I am thinking about my trading. I decided to do a simple test (using a back tester) with your ideas.

1. I opened a pair (I chose GBPJPY).
2. I randomly pick a year (I chose 2007).
3. I ramdomly chose a month (I choose Jan).

Hi Dazzdude

Interesting test, but I am not sure I follow what you where doing.

At 7am trade with the trend of the emas
Ever 5 minutes open a new trade in the same direction sl 20pips TP 200pips.

So my questions are:
What emas are you using
When do you stop taking trades for the day
When do you move a trades SL

Sorry for the questions

Cheers

Tim
  • #3,506
  • Nov 10, 2010 9:54am Nov 10, 2010 9:54am
hi everyone again...
i took an interesting trade today on audnzd which is my least favourite pair because of the crazy spread....
but i posted all the charts and everything about the trade here
http://www.forexfactory.com/showpost...&postcount=101
enjoy and good luck all...
  • #3,507
  • Nov 10, 2010 10:32am Nov 10, 2010 10:32am
Test Battle Plan: Open a trade on the open of each new 5 min candle, IF the prior candle was an up close, AND price is above any previous buys orders, AND PA does not indicate a reversal, AND momentum looks good. Keep stacking trades until my first loss OR first BE. At that point, walk away and let the market hit my SL or TP for all stacked trades.

I step forward on a 1 hr chart looking at the price leading up to the open each day. I find a day that I "anticipate" has a good chance of an explosive move if it breaks a resistance point on the opening hour. I think that the 11th looks good.

I start the back test (using Forex Tester) and run the test as planned to see what happens (and nearly fall off my chair!).

As you can see by the charts, I got "lucky" in this instance! I just happened to pick (anticipate) a day that had an explosive move off the open and did not look back.

I stacked 12 trades.
---

Hi!

With regards to spacing, would you mind describing how you stack at the 5M TF. Do you used price levels/SR levels to time your entry or just random?

Sincerely,

Edd
  • #3,508
  • Nov 10, 2010 11:36am Nov 10, 2010 11:36am
Quoting cameron1st
Hello zamzen,

I am not going to start a debate (so whatever you reply to this is not going to receive an answer from me), but certainly you can understand that if everyone starts posting their charts it would make the thread less accessible, right ? If I remember correctly Graeme also hinted a few times that it would be better for the thread to not grow with unnecessary information that would more confuse than clarify.

Kindest Regards,

Cam
Hi Cam,

I have seen the other thread, but how many times Graeme posted in that thread? We learn Graeme's method/teaching here, if we have a doubt, then this is the right place to discuss that. If we need to post charts, again this is the right place. How can someone post question here? but chart in another thread?.

What is unnecessary information? As long as we adhere to Graeme's method/teaching and our questions and charts are based on that, then all of them are relevant and necessary. By posting trades, people like me able to compare and discuss our understanding of this system which in-fact helps us to become better trader.


Nothing against you man. I don't simply understand the purpose of other thread.

Have nice pipping everyone......
  • #3,509
  • Nov 10, 2010 12:21pm Nov 10, 2010 12:21pm
Quoting adelmonora
Any pdf update with Graeme post?

Thank you.
nothing up to date yet..i was looking at the present pdf files posted earlier by some fellows to see if i can add them together and update ...but i'm not sure if i can have enough time to do that ..
  • #3,510
  • Nov 10, 2010 1:55pm Nov 10, 2010 1:55pm
Quoting Edd Ganuelas
Test Battle Plan: Open a trade on the open of each new 5 min candle, IF the prior candle was an up close, AND price is above any previous buys orders, AND PA does not indicate a reversal, AND momentum looks good. Keep stacking trades until my first loss OR first BE. At that point, walk away and let the market hit my SL or TP for all stacked trades.

[font=Arial]I step forward on a 1 hr chart looking at the price leading up to the open each day. I find a day that I "anticipate" has a good chance...

I am also curious how the poster stacked their entries. I can't seem to get my psychology right for dealing with stacking. When I see an entry I take it but 10 or 20 pips later I am happy just to get my SL to BE. I'm just not ready to think about another entry. It's something I have to work on.
  • #3,511
  • Nov 10, 2010 7:03pm Nov 10, 2010 7:03pm
Quoting zamzen
I have seen the other thread, but how many times Graeme posted in that thread? .
Why on earth would Graeme post in the other thread! His teaching and charts are here. The other thread is for our charts and our talk amongst ourselves, so as not to clutter his thread with our own ramblings as we learn.

As it stands now, new peeps are going to have to read 3500 posts to get 50 posts of information. Loose concentration and get told to read the thread from the beginning, when they ask a question that has already been answered.
Good Trading
  • #3,512
  • Nov 11, 2010 1:42am Nov 11, 2010 1:42am
Folks..I am attaching all of PIPeasy's posts in a pdf file. Please PM me if you are unable to download the file...

http://www.mediafire.com/?nzhyiod0jk6b20c
  • #3,513
  • Nov 11, 2010 2:04am Nov 11, 2010 2:04am
Quoting Eklavya
Folks..I am attaching all of PIPeasy's posts in a pdf file. Please PM me if you are unable to download the file...

http://www.mediafire.com/?nzhyiod0jk6b20c
great work
thanks
  • #3,514
  • Nov 11, 2010 2:37am Nov 11, 2010 2:37am
Quoting Eklavya
Folks..I am attaching all of PIPeasy's posts in a pdf file. Please PM me if you are unable to download the file...

http://www.mediafire.com/?nzhyiod0jk6b20c
thats great...thx a lot..
  • #3,515
  • Nov 11, 2010 2:55am Nov 11, 2010 2:55am
Quoting Eklavya
Folks..I am attaching all of PIPeasy's posts in a pdf file. Please PM me if you are unable to download the file...

http://www.mediafire.com/?nzhyiod0jk6b20c
Thanks a lot, man. Hope I will read every thing in a row again.
Patience is magic
  • #3,516
  • Edited 4:38am Nov 11, 2010 4:23am | Edited 4:38am
Hi fellow traders.

A question was asked about my test a few posts back. I will try and answer, but my reply is very generic and there is no specific answer to your question.

I am sorry for such a long post, but I do ANTICAPTE I will not post again, at least for a while, so I have made an effort with this post to not only reply, but share some thoughts. If you take the time to read it, it may be of value, or it may not.

I have followed this thread since Graeme started it, but I generally do not post in any thread. It consumes far tooo much of my time to post. Time I can spend researching, trading (or doing something else). Graeme has probably spent in the order of hundreds of hours on this thread and PMs (or maybe more). He has my admiration for that.

Hope the following reply explains….

1. Typically, I am a scalper on a 1 minute chart using nothing but a trend line (yes, pennants) and use an understanding of support and resistance. My typical trade length is from a few minutes to many minutes. Graeme teaches the advantage of holding for long term moves. That is contrary to my style... so I am interested in seeing if this is better or worse than what I do.

2. I never stack on trades. Never ever. I am a one trade at a time guy. Graeme teaches the advantage of stacking trades to maximise profit. That is contrary to my style... so I am interested in seeing this is better or worse than what I do.

3. I always look for that perfect entry. Graeme teaches that you can make money with something as simple as buying and selling at every 100 level and that it is really participation that is important. I have always looked at complex / perfect entries. The idea of any sound entry (even a guess!) is contrary to my style... so I am interested in seeing if this is better or worse than what I do, or least holds some truth.

4. I have spent some time learning about PA, but have not used this enough to really value it as I should. Graeme teaches that you can make money with something as simple as looking for basic PA (e.g. Pin, Flying Budda). That is not contrary to my style, but there is more focus on this. So I am interested in seeing this is better or worse than what I do.

5. I typically trade when conditions are right. I would never put on a trade just because it’s the daily open! Graeme teaches that you can make money with something as simple as placing a trade on the daily open. That is contrary to my style... so I am interested in seeing this is better or worse than what I do.

6. I do (did) not like moving averages (but that was because I did not understand their real use) and never use them. Graeme shows how you can use a moving average in trading effectively. That is contrary to my style... so I am interested in seeing if this is better or worse than what I do. So I add some MA’s to my charts and observe.

7. I try really hard to get a high winning rate and I do focus on having an appropriate R:R. Graeme shows that having a high winning rate is not needed, nor is having a conventionally accepted sound R:R. That is contrary to my style... so I am interested in seeing if this is better or worse than what I do.

8. Etc. I think you are getting the picture by now.

(Note: Not so much "better or worse", but "can work for me or not")

So I have started testing Graeme’s ideas. How? For me, I use a back testing engine. I use Forex Tester or Trade Navigator. Forex Tester is probably one of best investments I have made. I can back test any idea very fast. It’s just like real trading, only on fast forward! I can gain weeks and months of trading experience in a few days.

Doing this, I have been testing some of Graeme’s ideas. And guess what? My theoretical testing has been very promising.


I cannot hold a trade for years. I cannot hold a trade for weeks or months! But, I think I can move up from holding from minutes to hours or days.

So, the test was just a test for Graeme’s concept of "stacking". It was nothing more than that. I was not testing an entry. Hell, Graeme can make money just buying the open and looking at momentum, so let’s go with that. Just keep doing that and stack some trades on a 5 minute chart.

I planned to run a few dozen tests (pick a few dozen days) to see what would happen over 10 or 20 days. It just so happened that that first one made 2000 pips in a few hours.

Do not get caught up on the rules. It was just opening each 5min open if price was moving up with sufficient momentum. That is all. I was just testing “stacking”. Forget the EMAs (there is no EMA must be doing this or that).

Now that MAY have been dumb luck (yes, there is ALWAYS an element of luck!) but what else was there?

There was ANTICPATION.

Now, stop and think about the word ANTICPATION….

ANTICPATION is like breathing.

EVERYONE who enters a trade anticipates a move.

No one buys unless they ANTICPATE prices are going up. No one sells unless they ANTICPATE prices going down. We all ANTICPATE, we do it every time we pull the trigger. But how much do we really think about it?

We all BREATH, but how much do we think about it? Talk with an experienced Yoga instructor and you discover that are many ways to breath. There are many breathing techniques and they can have beneficial effects on your spirituality, your general health, your thinking capacity, etc. You can actually study the art of breathing, and practice accordingly with great benefit.

Like we all BREATH to live (but rarely think deeply on the concept), we all anticipate to trade (but rarely think deeply on the concept). However, Graeme is like the "Yoga Master". His study, understanding and application of ANTICPATION is by far superior to most.

Getting back to my test. How did ANTICPATION help with my test?

Note: This is CRITICAL information and places Graeme’s ANTICPATION into some perspective.

A few days ago, I did some study on ranges or hourly bars, 4 hourly bars, daily bars, weekly bars and monthly, as part of my study on Graeme’s ideas. I was looking for a pair with good movement. I was also looking for the best bang for buck on “range time frame”.

I have included some of the information from my personal files below.

Notice that the GBPJPY has good movement from the pairs studied for ALL time frames. Also notice that the weekly range for GBPJPY is not only the best relative to other pairs time frames, the amount of movement in a weekly bar is excellent relative to the amount of movement in the daily bar and the monthly bar. Weekly bars are looking good.

From my research, I anticipate that GBPJPY is a good pair to test. I also anticipate that intra-week trades are a good test, hopefully catching a movement that runs for a couple to a few days.

Then, I remember Graeme saying he looks at the long term trend (weekly bars). GBPJPY has been in a long term up trend on the weekly chart at the end of 2006, so I anticipate taking long trades would be a good test if I start testing from 2007 forward. I anticipate the trend will solder forward.

Graeme advised that only buying above the open and selling below the open is good advice. As I am testing on a 5 minute chart, I anticipate I will only buy if I am above the daily open. The same can be said for trading above the weekly open.

The PRIOR week moves down against the trend and stops (finds support) right on the prior support level. Nice! Look at the picture below. I anticipate the next week could be a good UP week if Monday moves up sharply as a bold candle to start the week with no or minimal retrace. It does. Good. Maybe we have a bold up candle week.

I study GBPJPY movements carefully for 2006, and discover that the best open time appears to be 7am London. If I was to start stacking, doing it from 7am, IF price opens and moves up with no or little retrace (as Graeme mentions) may catch a bold UP candle.

It's Thursday the 11th of January and I am looking at the 7am open. Not only is the weekly trend up, we are in a bold up weekly candle (that "bounced of support), hourly chart shows a nice strong up trend, all move averages looking "beautiful" for an uptrend, we are opening just at/above a strong resistance level on the hourly chart, and breaking up from a nice triangle on the hourly chart. I am hoping for a move immediately up from the opening bell with no retrace. I anticipate a good up day so I will buy on the open and IF price moves up, I will just stack and stack and see what happens.

Oh, some more for my ANTICIPATION...

I study the “Traders Cheat Sheet” (attached). It tells me that the number of trends that start on the GBPPY on Wednesdays and Thursdays is MUCH higher than on Monday, Tuesday and Friday. GOOD, it’s a Thursday.

I study the “Traders Cheat Sheet” again. It tells me that most trends that start on the 4 hour candle do indeed start around the European/London open. GOOD. In line with my research.

I study the “Traders Cheat Sheet” again. It tells me that on average, if a trend starts on the European/London open on a Thursday, it will run for eleven x 4 hour bars before a significant pull back (2 days). I anticipate a hold for 2 days or greater, market willing if the law of averages is on my side today.

I study the “Traders Cheat Sheet” again. It tells me that I have close to 50% chance that if an intra-week trend starts from that point, there is a good chance of it running for 200 pips before a significant pull back / reverse, but the chance of it running past 200 pips without a pullback / reversal drops of dramatically. I anticipate that a 200 pip target will be a good place to take all or most profit.

So, of course there is ALWAYS luck, but there is also a good dose of ANTICAPATION.

The test went well.

Where I grow up, there was dairy farmer that won awards for the best dairy farm, dairy cows and best quality milk. It was said he was “lucky”, must have good soil, good location for rain, etc. The funny thing is, the block he land he bought was the one no one else would touch. It was hilly, full of weeds and rubbish plants, no fences, just a real mess. He worked VERY hard on MANY years developing the farm. His favourite saying/response “yeah – lucks a lot of hard work!” and so it is with trading.

Graeme’s philosophies can be applied 100 different ways for 100 different traders. I am not interested in "copying" Graeme’s trading rule set, but I am interested in incorporating Graeme’s "principles" into what I am already doing and already see the great potential.


Go back and read Graeme’s first posts. He was not planning on teaching any trading "rules", nor “entries systems”, etc. This only happened as he asked so many times that through the kindness of a great man, he did. What his intentions were was passing on a trader’s mind-set and a winning trading philosophy. Think about how you can apply one, some or many of these ideas your own trading style.



Kindest Regards,
Darren Poyner
Brisbane/Australia.
Attached Image
Attached File(s)
File Type: pdf Forex Traders Cheat Sheet.pdf   321 KB | 2,513 downloads
File Type: zip rangestudy.zip   3.1 MB | 2,758 downloads
  • #3,517
  • Nov 11, 2010 7:25am Nov 11, 2010 7:25am
Wow I haven’t written college essays that long..!

Very interesting comments thanks for your thoughts

Tim
  • #3,518
  • Nov 11, 2010 9:15am Nov 11, 2010 9:15am
I'm personally not very comfortable with the word anticipation. It implies jumping into a trade before you get confirmation which is a no no. It may sound appropriate when we are talking about momentum trades but for something like waiting for price to bounce/breakout off support/resistance it implies getting into the trade before we know which way the price will go.

I know that jumping into a trade too early is not what is meant when people use "anticipation" around here but that is what it implies to me.
  • #3,519
  • Nov 11, 2010 1:52pm Nov 11, 2010 1:52pm
[quote=dazzdude;4164743]Hi fellow traders.

A question was asked about my test a few posts back. I will try and answer, but my reply is very generic and there is no specific answer to your question.

----


Hi!

With gratitude, I thank you for sharing us your time elaborating result of your research in the direction of Graeme's teaching.

I am with you in prayers for Graeme's good health.

God Bless,

Edd
  • #3,520
  • Nov 11, 2010 3:01pm Nov 11, 2010 3:01pm
Quoting hubbahubba
I'm personally not very comfortable with the word anticipation. It implies jumping into a trade before you get confirmation which is a no no. It may sound appropriate when we are talking about momentum trades but for something like waiting for price to bounce/breakout off support/resistance it implies getting into the trade before we know which way the price will go.

I know that jumping into a trade too early is not what is meant when people use "anticipation" around here but that is what it implies to me.
Hiya,

Just something to think about. Everybody wants confirmation and we know what the majority get out of the markets. To succeed in the markets, one needs to do what the majority are not.

With kind regards,
MK
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