And what is exactly so new and revealing about those "hemispheres"? 
There are already countless strategies that apply such concept.
There are already countless strategies that apply such concept.
It's kind of curious...the war between price and indicators
- #142
- Nov 30, 2010 2:34pm Nov 30, 2010 2:34pm
- Joined Nov 2010 | Status: Pips... or GTFO! | 1,023 Posts
- #143
- Edited 3:00pm Nov 30, 2010 2:42pm | Edited 3:00pm
- Joined Nov 2009 | Status: Good-Bye FF | 857 Posts
I mean this in the best way possible. Big smile on my face and all http://cdn.forexfactory.com/images/s...m/big_grin.gif so when reading this please keep that in mind. I know how easily things can be taken out of context in text.
Same here. I wasn't trying to shoot you down. I just wanted to make it clear to others who might get the wrong idea. Out of context. As long as you are working along those lines of experience, then it should be fine.A teacher can always know where the student is at by the quality of questions the student asks.
When I put things in bold and red, they are not in anger or negativity. It just means pause and think about it.
And what is exactly so new and revealing about those "hemispheres"? There are already countless strategies that apply such concept.
Marv, I like you man... you're a classic. Let me tell you a funny story...
The Detective walks into a room and told all his colleague that the murderer used a "chord-less" phone to choke the victim. Everyone laughed... "how can you choke someone with a chord-less phone!?" Detective replied, "you guys ask stupid questions."
Marv, for the love of god... don't make me explain how to choke someone with a chord-less phone
- #144
- Nov 30, 2010 3:15pm Nov 30, 2010 3:15pm
A teacher can always know where the student is at by the quality of questions the student asks.
When I put things in bold and red, they are not in anger or negativity. It just means pause and think about it.
I do have some additional observations that I am gonna share when I cna get my but in front of my charts in a bit. Shoot me a PM if you want to chat offline via skype or some other medium.
Let me tell you a funny story...
The Detective walks into a room and told all his colleague that the murderer used a "chord-less" phone to choke the victim. Everyone laughed... "how can you choke someone with a chord-less phone!?" Detective replied, "you guys ask stupid questions."
Marv, for the love of god... don't make me explain how to choke someone with a chord-less phone
Man now that's how you force feed someone ;-)
Nothing is impossible, with a willing mind!
- #146
- Nov 30, 2010 6:23pm Nov 30, 2010 6:23pm
OK so I am finally in front of the charts and thought I would post some of my observations.
CP has stated (multiple times I might add
) that price will close higher or lower than its open 95% of the time. So what can we do with this information?? Well lets start taking it piece by piece and I have to go back and look at some of the 6D stuff he was talking about previously to get a better undersanding. But this should at least get some wheels turning.
And CP please chime in to nudge here and there
So the first chart I highlighted a 4H candle that as we can see has closed lower than it opened. But is this enough information to make a decision for trading in a direction?
Well let's see something we know for sure. Price opened and moved in a downward fashion to close below its open. We also know it took 4hrs for this to occur. Here's something else I know too, the market rarely moves in one direction from start to finish. So lets zoom in a little more to see what else we can gleen from the information on the next post.
CP has stated (multiple times I might add
) that price will close higher or lower than its open 95% of the time. So what can we do with this information?? Well lets start taking it piece by piece and I have to go back and look at some of the 6D stuff he was talking about previously to get a better undersanding. But this should at least get some wheels turning. And CP please chime in to nudge here and there
So the first chart I highlighted a 4H candle that as we can see has closed lower than it opened. But is this enough information to make a decision for trading in a direction?
Well let's see something we know for sure. Price opened and moved in a downward fashion to close below its open. We also know it took 4hrs for this to occur. Here's something else I know too, the market rarely moves in one direction from start to finish. So lets zoom in a little more to see what else we can gleen from the information on the next post.
Nothing is impossible, with a willing mind!
- #147
- Nov 30, 2010 6:25pm Nov 30, 2010 6:25pm
Now we are looking at a 5M chart. The 1st verticle green line depicts the beginning of the 4H candle I highlighted on the previous chart. The Green horizontal line indicates the opening price of the 4H candle. Each additional verticle green line indicates the start of a new 1H candle.
If we use the opening of the 4H candle as our Buy/Sell boundary what does zooming into the 5M chart show us in more detail?
Well just as I mentioned before price did not move in a straight line from open to close but did indeed close below it's open. CP posted a chart a while back that showed the MTF type information I am showing you here. So what happens if you layer opening price on opening price on opening price of multiple TF's showing the trend then setting some rules for entering and exiting trades???
Hmmm intersting wouldn't you say???
If we use the opening of the 4H candle as our Buy/Sell boundary what does zooming into the 5M chart show us in more detail?
Well just as I mentioned before price did not move in a straight line from open to close but did indeed close below it's open. CP posted a chart a while back that showed the MTF type information I am showing you here. So what happens if you layer opening price on opening price on opening price of multiple TF's showing the trend then setting some rules for entering and exiting trades???
Hmmm intersting wouldn't you say???
Nothing is impossible, with a willing mind!
- #149
- Nov 30, 2010 7:11pm Nov 30, 2010 7:11pm
- Joined Nov 2010 | Status: Pips... or GTFO! | 1,023 Posts
Now we are looking at a 5M chart....
Thanks!
- #151
- Nov 30, 2010 7:19pm Nov 30, 2010 7:19pm
So how would you have traded this setup? I am sure I am missing out on the many CP posts and I don't even know where he posted all this.. checked his profile and shows he hasent done any threads?
Thanks!
Well I am not saying that there were clear defined setups on that specific example.
I am just materializing after having internalized a lot of this information. It will help me get to the final point once I arrive.
Nothing is impossible, with a willing mind!
- #152
- Nov 30, 2010 7:19pm Nov 30, 2010 7:19pm
- | Membership Revoked | Joined Jun 2010 | 1,246 Posts
...Marv, for the love of god... don't make me explain how to choke someone with a chord-less phone
First off, I don't know why you just assume that I'm here to get something from you, or be spoon-fed by you (or whatever). Perhaps because that is what many wannabes here do? I think your assumption is arrogant nevertheless.
Second, as I expressed earlier, I question the general assumption that you know something that we (the relatively-experienced traders) don't already know; which is what you imply in almost every post with nothing of substance to back it up. My conclusion is based on extensive experience with self-proclaimed experts who like to talk too much on the interwebs, impress the newbies but never those who actually live off the game.
Now, before you write another sarcastic/condescending reply filled with laughing emoticons and the same old "I know it all, I'm your teacher and you're a bad student" implication, I want you to take a minute off your keyboard, close your eyes, take a deep breath, and visualize in big red that nice old saying:
"Put up or shut the hell up."
PS. It appears you have quite a following here in FF, well done. But then again, the so called majority has a habit of being wrong in this business.
- #154
- Nov 30, 2010 7:41pm Nov 30, 2010 7:41pm
- Joined Nov 2010 | Status: Pips... or GTFO! | 1,023 Posts
OK so I am finally in front of the charts and thought I would post some of my observations.
CP has stated (multiple times I might add
You mentioned that price has 95% chance it will close above or below its opening price..
Another observation I have made personally is the 80% of the time price penetrates the high or low of its previous candle it will not penetrate the other way.. for example if price breaks the high of a previous candle theres an 80% chance it wont break the previous candles low and reverse..
look at any chart.. so maybe it would be common since when a candle breaks a high or low.. put an order on around the open of the candle and if you catch that pull back you got a 80-90% chance for a small profit?
Hmmmmmmmmm
- #155
- Edited 8:32pm Nov 30, 2010 8:22pm | Edited 8:32pm
- | Membership Revoked | Joined Jun 2010 | 1,246 Posts
price represents the prediction of what traders think is going to happen...
"Price", let's cross that and replace it with "Price movement". Let's focus more on movement not the actual price.
Price movement represents the imbalance between buyers' vs sellers' volume at certain points in time.
Volume is money that is in the market.
Big money, creates big buying/selling volume, therefore big money creates the big imbalances, therefore big money creates the big movements.
Small money creates noise at best, small waves, small corrections. Its influence is more and more visible when big money is taken more and more out without creating any big imbalance between itself, or when big money is still in the market but the big buying volume is very close to perfect balance with the big selling volume.
"in the market": big or small, no money stays in the market forever. It is taken out, sometimes quite predictably if well isolated by the observer.
Imbalance (resulting from imbalance between big money vs small money) creates a movement with a trajectory and a center of gravity. Around this center of gravity the rest of the money (i.e. the gradually smaller and smaller buyers/sellers) will flock, trying to make profit too.
You get the idea... Try to develop "that" kind of mindset and how to put it to action, instead of the basic more traditional stuff everybody else is doing.
Also, don't analyze one bar of movement and try to anticipate 3 bars of movement: the further it is in the future the harder it is to predict. Instead, analyze 100 bars of action (not just the apparent movements, but the possible underlying market action), as much information as you can collect, and then use it to pick one opportunity to predict a one or two bar movement, make the trade, close the trade, then start the whole process all over again. (btw, don't take these numbers here literally, but again: you get the idea)
Do that successfully and watch your experience, intuition, and profitability increase in time.
I hope that helps somebody a bit.
- #156
- Nov 30, 2010 10:30pm Nov 30, 2010 10:30pm
- Joined Nov 2010 | Status: Pips... or GTFO! | 1,023 Posts
Question:
If the wind is blowing north right this moment...
Do I need to concern myself whether the wind was blowing (north,south,east,west) an hour ago, 4hrs ago, a day ago, a week ago, a month ago?
yes or no?
I mean honestly.. I don't think the banks are going to trade different to mess up your system..
and also you mentioned in one of your journal posts that if you did share your system no one would be able to trade it profitably because they will lack the knowledge.. so why not share it.. so what if others can't figure it out...
My only guess is you don't have a profitable system?
Idk.. but I do enjoy most of your posts so besides your secret system I can't complain.. Its just like you talk in your journal so much logic and then sorta irrational to think your system getting out of the bad would change things...
its more of a frustration with the majority of people who claim they have a secret system not you.. theres a 99.9% chance no one will compromise it especially in your life time and if others trade your system you can in theory only benefit from the extra volume.
- #159
- Edited 11:53pm Nov 30, 2010 11:39pm | Edited 11:53pm
- Joined Nov 2010 | Status: Pips... or GTFO! | 1,023 Posts