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  • #351,421
  • Edited 3:41pm Dec 23, 2010 3:22pm | Edited 3:41pm
Quoting KumoDragon
Do you have a specific thread or blog or something where you teach how to find the levels at all and or how you trade?

I've been at this for literally 5 years with absolute shit results.

I've literally tried everything....

A lot of the work I do is both math and PA based and not easily thought. Redsword and Trade price have really good threads each covering PA and how to recognise price direction and reversals, that would be a great start.

You need to find a style that suits your personality, there are 1,000's of ways to skin this cat. Find a TF that suits your patience treshold, some can't trade the H4 as it stresses them too much, others can't trade a M5 because it is too noisy, then find your ranges, your reversals and trade the moves in between, there are 100's of ways in identifying each. Finding the trend is easy as p!ss, finding the ranges is a bit harder.

I am not really a mentor nor want to start a thread/journal/blog. I am a trader and that's as far as I will go in this business. I have done the management route commercially and got fed up with managing other people's funds and went solo full time. It is a lot more relaxed, I set my targets and the hours I work, I am soleley responsible for the results.

FX allows me my toys, equities is capital preservation for me and keeps me in my life style.

I don't really need to trade FX anymore at this point of my life, but it is so rewarding and challenging at the same time that I keep getting drawn to it.

There is enough in my posts to figure out roughly how I trade, from range to range, ignore the first 5-10 pips of a move and catch the fat part till the next range is formed.
  • #351,422
  • Dec 23, 2010 3:24pm Dec 23, 2010 3:24pm
Quoting PhAnTi'
.

do you use a daily target ? (pips/bucks)

I am only concerned with monthly returns, and weigh up the time it takes me relevant to the money it brings in, as long as the time spend doing this is worth it in the end will I continue doing it.

FX has become a bit harder over the years, before the euro trading was a lot more fun and a trader could get some serious good moves intraday, that is gone unless you trade the exotics, which I don't really like.
  • #351,423
  • Edited 3:43pm Dec 23, 2010 3:28pm | Edited 3:43pm
Quoting cloggie
Range unchanged, pivot forming at 3113

You can clearly see how 3113 is acting as the pivot of the range.

Quoting cloggie

Range tightened to 3105-3122
EDIT: my holiday party just got back in, I am done for the night and the rest of the week.

Enjoy your holidays guys/girls and don't listen to the muppets in here.


3113 is the pivot of the range, the bottom has moved up slightly to 3109, so we should get a decent break shortly, my bias is back down again, 3122 needs to hold.
  • #351,424
  • Dec 23, 2010 3:42pm Dec 23, 2010 3:42pm
Quoting mercy seat
How about this ... ?

http://www.maxims-de-paris.com/soiree/soireeUS.html

Specially with daughter and niece ... in case they are charming ...

Famous Rokkoko Bar ...

Nothing compares ...

Possibly you must reserve betimes ...
Thanks; I'll pass the link on to them. It doesn't look that far from their hotel. I used my Marriott points to book them at the Renaissance Arc de Triomphe 28 Dec to 2 Jan.
  • #351,425
  • Dec 23, 2010 3:45pm Dec 23, 2010 3:45pm
Quoting cloggie


3113 is the pivot of the range, the bottom has moved up slightly to 3109,

Perfect test to the pip, and posted before the fact muppets (you know who you are....)
  • #351,426
  • Dec 23, 2010 3:49pm Dec 23, 2010 3:49pm
Quoting KumoDragon
Do you have a specific thread or blog or something where you teach how to find the levels at all and or how you trade?

I've been at this for literally 5 years with absolute shit results.

I've literally tried everything. I get some decent results and good trades for a while, then it turns to crap.

I've tried S&R with naked charts and no indicators before, but apparntly I don't do it right and or know a good procedure.

Money management and or risk management I've got all that down thats the easy part. What I'm missing is a way to trade where...
Check this out. It is from a guy named BillyRayValentine. I don't think he is around here anymore but this is a 50 page PDF that covers the same things Cloggie talks about. Cloggie may know who he is. Very straight forward information on a solid trading style using levels.
Attached File(s)
File Type: pdf BRV_S+R_Trading_210808.pdf   879 KB | 548 downloads
  • #351,427
  • Dec 23, 2010 3:54pm Dec 23, 2010 3:54pm
Quoting mdiz2
Check this out. It is from a guy named BillyRayValentine. I don't think he is around here anymore but this is a 50 page PDF that covers the same things Cloggie talks about. Cloggie may know who he is. Very straight forward information on a solid trading style using levels.
Thank you very much for the link, got it from you earlier post. I am reading it right now. It will be my holiday study guide.
  • #351,428
  • Dec 23, 2010 4:06pm Dec 23, 2010 4:06pm
Quoting KumoDragon
Thank you very much for the link, got it from you earlier post. I am reading it right now. It will be my holiday study guide.
Here is a bunch of posts mostly from Cloggie that I was saving when he was posting in the gu thread. It is not organized but I think you may find value in it. I tried to read all his posts but FF only has them back to about when I started reading FF.

I couldn't agree with you more, no one has taught me more than Cloggie and I didn't even ask him questions. You just have to do some work and look at the levels he calls out and later on go back and look at them on different time frames and you will be able to see what to look for when finding them on your own. You may have to adjust them some during the week but you will be suprised how close you can get. I have a friend that posts here and she has done the same thing and comes up with close to the same levels also. Always within a few pips.
Attached File(s)
File Type: doc Cloggie lesson on 073010.doc   198 KB | 816 downloads
  • #351,429
  • Dec 23, 2010 4:12pm Dec 23, 2010 4:12pm
Today EURUSD is still going Bearish Signal on......(read full post)
Daily Chart
http://img2.imagehyper.com/t/0/0/411...9-9d8e2e30.gif
4 Hour Chart
http://img2.imagehyper.com/t/0/0/411...0-6599dd92.gif
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  • #351,430
  • Dec 23, 2010 4:17pm Dec 23, 2010 4:17pm
Quoting mdiz2
Here is a bunch of posts mostly from Cloggie that I was saving when he was posting in the gu thread. It is not organized but I think you may find value in it. I tried to read all his posts but FF only has them back to about when I started reading FF.

I couldn't agree with you more, no one has taught me more than Cloggie and I didn't even ask him questions. You just have to do some work and look at the levels he calls out and later on go back and look at them on different time frames and you will be able to see what to look for when finding them...
Thanks man, very cool of you.
  • #351,431
  • Dec 23, 2010 4:24pm Dec 23, 2010 4:24pm
Quoting KumoDragon
Thanks man, very cool of you.
My pleasure. I started forex a year ago Nov. I started trading just the candle patterns on a blank chart but didn't know a lot so I paid some idiot $97 to learn forex. Hey, I was stupid. I got 65 pips the first time I traded forex but that guy told me I was doing it wrong and that I needed to do what he says. That meant a ton of indicators. I lost around $7K over the year until about Oct. when I started reading Cloggies posts. I didn't turn the ship overnight but with practise I am now winning more than I am losing and I am not losing money anymore.

Anything I can do to help someone go forward is a privilage. I still have a long way to go but at least I am making money. There really is no need to make this any more complicated then it needs to be.
  • #351,432
  • Dec 23, 2010 4:32pm Dec 23, 2010 4:32pm
Quoting mdiz2
My pleasure. I started forex a year ago Nov. I started trading just the candle patterns on a blank chart but didn't know a lot so I paid some idiot $97 to learn forex. Hey, I was stupid. I got 65 pips the first time I traded forex but that guy told me I was doing it wrong and that I needed to do what he says. That meant a ton of indicators. I lost around $7K over the year until about Oct. when I started reading Cloggies posts. I didn't turn the ship overnight but with practise I am now winning more than I am losing and I am not losing money anymore....
Yep, me too. Bought more of those $97 dollar courses than I can remember.

I'm kind of just spinning my wheels trying things out to try and find consistency.

Like the .pdf you linked me says, everything works great in stongly trending markets. So a lot of the crap stuff seems to work for a while, then whatever trend you happen to be in ends or consolodates and it blows up.

I've learned about S&R trading before, I already know the concepts, but nothing I've read before this .pdf was organized and presented in a way that made it seem any better than farting around with indicator methods.
  • #351,433
  • Dec 23, 2010 4:32pm Dec 23, 2010 4:32pm
Quoting iflyjetzzz
It's on my suggestion list; hopefully they'll want to do that. They're both 21 so it's always a crap shoot as to what they find interesting.
Since they won't have advance tickets, anyone have a suggestion on how early they should get there to stand in the standby line? I'll tell her to check with the hotel staff to see if there's a way to get tickets without going to the standby line.

Embassy? AFB?
  • #351,434
  • Dec 23, 2010 4:37pm Dec 23, 2010 4:37pm
EURUSd Stochastic Trading Analysis......read full post


http://img2.imagehyper.com/t/0/0/411...1-2fc4c832.gif


http://img2.imagehyper.com/t/0/0/411...2-7673e94c.gif
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  • #351,435
  • Dec 23, 2010 4:38pm Dec 23, 2010 4:38pm
Quoting KumoDragon
Yep, me too. Bought more of those $97 dollar courses than I can remember.

I'm kind of just spinning my wheels trying things out to try and find consistency.

Like the .pdf you linked me says, everything works great in stongly trending markets. So a lot of the crap stuff seems to work for a while, then whatever trend you happen to be in ends or consolodates and it blows up.

I've learned about S&R trading before, I already know the concepts, but nothing I've read before this .pdf was organized and presented in a way that made it seem any better...
I think the stuff in the doc I sent you that talks about boxes will nelp you alot also as far as what the levels are.

These videos from Sam Seiden helped me get a better understanding about how and why price moves and also what the levels represent from a order stand point.

The videos are on a post towards the bottom. http://www.forexfactory.com/showthre...17281&page=137
  • #351,436
  • Dec 23, 2010 4:55pm Dec 23, 2010 4:55pm
Pound Trader might be Moe
  • #351,437
  • Dec 23, 2010 5:03pm Dec 23, 2010 5:03pm
Quoting cloggie
Embassy? AFB?
Embassy's a good idea. No military bases in southern Italy.
She's staying in smaller hotel; I'm hoping that one of the staff knows a good way to get a ticket. No matter, I can't imagine that they turn anyone away from the mass - they just won't be in a prime location.
  • #351,438
  • Dec 23, 2010 5:07pm Dec 23, 2010 5:07pm
Good evening and Good morning depending on where you are in the world.

I just want to take this opportunity to wish everyone a Merry Christmas when it comes.

God Bless
  • #351,439
  • Dec 23, 2010 5:30pm Dec 23, 2010 5:30pm
i have order for short on that trend line
next time will touch, price will reverse.

any agree or disagree?
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  • #351,440
  • Dec 23, 2010 5:34pm Dec 23, 2010 5:34pm
Quoting gatorinla
same here.. but i got caught earlier in the spike. i layed down for a nap and poof.. i had a long with a tp at 96 with a entry short pending at 3112 and 31299.. i closed 3112.. but still have the other. i will add another at 51.. and close just above if we go over. same in the 3180ish area.

still git long term shorts running but i came close to closing before the spike.
I assume, you are talking about the lt-trades you entered below 4280? If your remark includes that one, I'd be interested in the reasoning for closing those here as well.

A bounce off of 3059-3061 was to be expected, and with 3158 being missed by a few, that came close to 23.6%, the others are 3223, 3275 and 3327. All measured just from the last top at 3496.

The numbers are a bit odd, as Broco is a 4-digit broker, Platform is MT5, but you get my idea.
Attached Image (click to enlarge)
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