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The Touch Trader Method

  • #101
  • Dec 3, 2010 12:48am Dec 3, 2010 12:48am
Quoting 666Doom
Look we have the master of forex here.
I learn and continue to learn from people like you sir.
Glad to have you amongst us.
master? hahah.
im no master, far from it... i'm a student of forex like you.
i guess 1 of my idols is also your idol.
touch traders (& those who trade similarly) are my friends/co-students..
  • #102
  • Edited 2:44am Dec 3, 2010 2:30am | Edited 2:44am
Quoting 666Doom
I use my eyes for trends,not MAs nothing else,see my chart.
I like that line in your chart Taz. . .

"Any confluence at a retracement in any trend is a bounce."


Nice.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #103
  • Dec 3, 2010 2:43am Dec 3, 2010 2:43am
Quoting 666Doom
Chart for thread buddies.
I am going to select a few charts to post here for potential trades.
Nice one Taz . .
Attached Image(s) (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #104
  • Dec 3, 2010 3:12am Dec 3, 2010 3:12am
I'm a strong believer in s&r and PA....
I would like to contribute to this thread by posting a very good S&R levels...

24hours levels

Order Flow information for EU are as follow.

NOTE: ...... Soft buy early 1 3195. TP 1.3240
Buy 1.3240 TPs 1.3260 1.3288 1.3300 1.3326
Sell 1.3222 TP 1.3180 1.3145 1.3100


EURUSD: WEEKLY PARAM. IB 1.3301 --- 1.2967 Price filling weekly param...


1.3225 1.3270 1.3300 1.3326

Pivotal Value at 1.3184 ::::: break below SELL, above BUY

1.3145 1.3045 1.3000 1.2956
  • #105
  • Dec 3, 2010 3:20am Dec 3, 2010 3:20am
missed buy entry at pivotal


1.3225 1.3270 1.3300 1.3326

Pivotal Value at 1.3184 ::::: break below SELL, above BUY

1.3145 1.3045 1.3000 1.2956

came in londong session bought 1.3225 and sclaed 1.3232, now holding toward 1.3270 and possible 1.3300

I look at TICK VOLUME indicator on 1hour and watch pricelevels
kind of try and judge if we will break or reverse..
  • #106
  • Dec 3, 2010 3:27am Dec 3, 2010 3:27am
I also use daily range... EUR has approx .0150 pips daily...
so adding that low of today, sort of the baseline, we get a value of 1.3345-1.3355. that should mark the top for today, thats for an upday..if price above pivotal.
if we are below pivotal area,, I would do same calc
on the down side.. it's simply taking the current high - .0150 = ?????


good luck...
  • #107
  • Dec 3, 2010 3:31am Dec 3, 2010 3:31am
another trick I use to know where market will close
if up day, and price already marked 75% of daily range ..say .0150
it is easy to know where the market will close for the day... usually in the upper part of the last 25% ...

Knowing that... the market will close on above certain price level.. can you make some profitable trades based on pullbacks........ you bit.....
  • #108
  • Dec 3, 2010 6:05am Dec 3, 2010 6:05am
Quoting jarroo
Nice one Taz . .
Was a J 16 DBLHC there but i placed a pending order.
Like Rac would do,buy when people sell and sell when people buy.
Pure S/R works nothing special in that a confluence and a bounce.

But hey who am i telling to,Jarroo sir is master of S/R.


Regards
Taz
  • #109
  • Dec 3, 2010 6:15am Dec 3, 2010 6:15am
One of the beauties of Support resistance.
Broken Support acts as resistance and broken resistance acts as support.
First touch is my favorite but second touch proves that price is interested in breaking it.
If we see exhaustion where i drew the S/R i am taking a short.
If i place a touch trade i will be placing a tight stop loss.

One of the masters of S/r had said I hate losses.
Other master said i love free trades.
Once price breaks through in my direction i will just BE.
Both the names start with J
Regards
Taz
Attached Image (click to enlarge)
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  • #110
  • Dec 3, 2010 6:19am Dec 3, 2010 6:19am
Quoting supremeChaos
master? hahah.
im no master, far from it... i'm a student of forex like you.
i guess 1 of my idols is also your idol.
touch traders (& those who trade similarly) are my friends/co-students..

One of the greatest skills of Pros and teachers is they are people amongst you.
They never claim themselves superior then others.
Well said sir.


We all know who is one of the master of Touches Racman.

I just love your stuff.
Regards
Taz
  • #111
  • Dec 3, 2010 6:23am Dec 3, 2010 6:23am
Quoting Darreeb
I'm a strong believer in s&r and PA....
I would like to contribute to this thread by posting a very good S&R levels...

24hours levels

Order Flow information for EU...

Hey darreeb,
Welcome to my thread.
We just got some more great company.
And hey we have two great traders SC and Jarroo pay attention we might get some learning from them here.

And by the way Darreeb how do you calculate days range it may vary.
And how did you calculate the above figures.
Are these floor pivots,or through charting.
Hoping to know.
Regards
Taz
  • #112
  • Dec 3, 2010 6:38am Dec 3, 2010 6:38am
Look at the Chart on Wonders of S/R.
Attached Image (click to enlarge)
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  • #113
  • Edited 8:34pm Dec 7, 2010 8:15pm | Edited 8:34pm
Hi Taz. Hope you guys are still about. This thread is one of the most important links I have read. This stuff should be mandatory!!!

I've been checking the swissy chart and looks to me like a touch is there right now.

• 50% fib @ 9891
• S/R, daily & particularly 4 hour @ 9886
• One hour Trend Line (In Lite Blue)
• Monthly pivot @ 9878

Appreciate all input. No Dogma Here!
Attached Image (click to enlarge)
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  • #114
  • Dec 8, 2010 1:30am Dec 8, 2010 1:30am
Quoting diamonddbw
Hi Taz. Hope you guys are still about. This thread is one of the most important links I have read. This stuff should be mandatory!!!

I've been checking the swissy chart and looks to me like a touch is there right now.

• 50% fib @ 9891
• S/R, daily & particularly 4 hour @ 9886
• One hour Trend Line (In Lite Blue)
• Monthly pivot @ 9878

Appreciate all input. No Dogma Here!
Hey D,
Nice Charts again,so very nice to see you here.
I am working on something so i don't get much time to take care of my baby(this thread).
My Problem here is lack of space,this will require quick Break Even you See.
Moreover USD/CHF can be great if you buy it on dips ie retracements i highlighted a good one.
My Chart on the Same.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: explain.gif Size: 16 KB
  • #115
  • Dec 8, 2010 1:33am Dec 8, 2010 1:33am
Here is My GU Box Break Retest and Short trade.
Don't those pips smell good.
Attached Image(s) (click to enlarge)
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  • #116
  • Dec 8, 2010 1:43am Dec 8, 2010 1:43am
Hey Guys,
I practiced creating PDF for illustration.
Here are some quick PDF for you guys,very simple just pure Cartoon style drawing.
Stay tuned i will post some more quick easy long one soon.
The PDF names S/R illustrates importance of Support and Resistance.
And more importantly the importance of swing points i said that in between there is a minor area because it is not a swing point.

The Second PDF is essence of S/R this PDF named R/S will sound very simple and looks simple but is essence of S/R,you can feel prices bounces with it.
If you can feel it you are going to win.
Another important fact illustrated is Support or resistance if broken holds as its counterpart.
Meaning Support Break and Turns to Resistance.
And vice versa.
I will compile 1-2 page text and 10 page chart file soon.
Just stay tuned,
Regards
Taz
  • #117
  • Dec 8, 2010 1:45am Dec 8, 2010 1:45am
Yikes,i forgot to add them.
Here you go.
Attached File(s)
File Type: pdf S-R.pdf   232 KB | 623 downloads
File Type: pdf R-S.pdf   262 KB | 531 downloads
  • #118
  • Dec 8, 2010 2:43am Dec 8, 2010 2:43am
cant wait for the pdf files.

thanks and appreciate all your efforts!!!!
  • #119
  • Jan 3, 2011 1:24am Jan 3, 2011 1:24am
Hi Doom

Any more news on the pdf ?

Thanks
  • #120
  • Jan 20, 2011 3:33am Jan 20, 2011 3:33am
Quoting TheMonk
Hi Doom

Any more news on the pdf ?

Thanks
Yeah Taz have you got any update on this?
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