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  • #402,141
  • Mar 7, 2011 3:09pm Mar 7, 2011 3:09pm
Quoting Venice
So yeah, I really got to ask what you use to look for setups in your scalps. 1m or 5m chart?

And also... things will go well, just got to keep that + > - . From the looks of it, you got that well under control.
I'll drop down to the 1 when/if it gets fast. Thank man but I'll only get excited when I can do it for 3-6 months. Two weeks don't count for much. I do appreciate the encouragement.
  • #402,142
  • Mar 7, 2011 3:14pm Mar 7, 2011 3:14pm
Quoting fxpreacher
I'll drop down to the 1 when/if it gets fast. Thank man but I'll only get excited when I can do it for 3-6 months. Two weeks don't count for much. I do appreciate the encouragement.
Beautiful. Looks like you are already way ahead of the game in the words you are saying right now too...

Probably in the time you have invested, equivalent to when I was at that amount time... I found out the hard way that over leveraging was not such a good idea. Kablooey went the account.

I'm pretty sure 99% of traders (who make it eventually) go through that phase... cheers if you are not one and already have a good enough head on your shoulder to realize what needs to be done to get to where your going..!
  • #402,143
  • Mar 7, 2011 3:16pm Mar 7, 2011 3:16pm
Quoting Venice
Beautiful. Looks like you are already way ahead of the game in the words you are saying right now too...

Probably in the time you have invested, equivalent to when I was at that amount time... I found out the hard way that over leveraging was not such a good idea. Kablooey went the account.

I'm pretty sure 99% of traders (who make it eventually) go through that phase... cheers if you are not one and already have a good enough head on your shoulder to realize what needs to be done to get to where your going..!
I tried to trade long term charts like some here do. 2 account down. lol.
  • #402,144
  • Mar 7, 2011 3:18pm Mar 7, 2011 3:18pm
Quoting aarontdang
I'm going Long from 1.39601....
SL BE ... Let's see how far this baby will go up...

This is the first Long... for the past 10 days...
been shorting .....

+ 50 PIPS today .. not so bad
LOL.... do you know what you are implying with your comments? either your are a natural contrarian or you don't have a clue where is the trend ... In the last 10 days euro has rally + 500 pips ....so I hope/guess you are the former....

Good luck to all trading overnight

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #402,145
  • Mar 7, 2011 3:21pm Mar 7, 2011 3:21pm
Hi Magix,

Thanks man for sharing your charts and getting me interested in fibonacci fans. Been studying it the last few days and took a trade using the chart attached and worked out great with stop above the 50/50 fib intersections

Much appreciated. Zig Zag doing me good also with much better entries (5m/15m)

Pipper
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 90 KB
Disclaimer: Check your 1m charts
  • #402,146
  • Mar 7, 2011 3:25pm Mar 7, 2011 3:25pm
Quoting fxpreacher
I tried to trade long term charts like some here do. 2 account down. lol.
Don't feel bad mate. I am trying to master the daily charts right now, and getting something just short of slaughtered in terms of my wins vs losses. lol.

24 hours is a long time for a single candle stick. I feel that daily scalping + a few long term trades is the way to go... but pfft. Can't seem to get a grip on the PA on them.

Everyone gloats on and on about how the higher the time frame, the easier it is trade. I say my ass it is.

Sad part is, it should be to the same effect. A candle stick is a candle stick is a candle stick. I really think the issue is patience on this one. For me though, it seems like every time I enter a trade on the daily, it goes either instantly against me, or price just consolidates. It's horrific timing on my parts, but I'm sure I can get it fixed. .01 lot sizes till I can get something more consistent. I really should be doing it in demo... but I personally need the psychology of money gains/losses to be present, no matter what it is.
  • #402,147
  • Mar 7, 2011 3:30pm Mar 7, 2011 3:30pm
Quoting pipper
Hi Magix,

Thanks man for sharing your charts and getting me interested in fibonacci fans. Been studying it the last few days and took a trade using the chart attached and worked out great with stop above the 50/50 fib intersections

Much appreciated. Zig Zag doing me good also with much better entries (5m/15m)

Pipper

Good stuff
  • #402,148
  • Mar 7, 2011 3:34pm Mar 7, 2011 3:34pm
Quoting pipper
Hi Magix,

Thanks man for sharing your charts and getting me interested in fibonacci fans. Been studying it the last few days and took a trade using the chart attached and worked out great with stop above the 50/50 fib intersections

Much appreciated. Zig Zag doing me good also with much better entries (5m/15m)

Pipper
The ZZ is a pretty powerful tool and makes working with the fibs and fans a lot easier...a quick glance and you know where to drop your points...

I have been working with a volume x ZZ x Gann x MA(x) set of indies from the end of last week and into market open...Once you throw them all together, you actually get one FAWK of a scalping tool...kind of a VSA for dummies type deal and set at a 1m pace that can be translated into the longer TFs...

Really nice stuff to be playing with....Of course I still like the use of a couple other indies for confirmations, but DAMN...

One of the regular posters here from days gone past, and now under a new handle is Abu Awad, now posts as Abu-Rami...does a pretty good job at working with the Fib Fans and market projections...check out his blog...

He used to have some YouTube videos on his sets I watched a couple years ago...nice to take and translate new ideas into your trading...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #402,149
  • Mar 7, 2011 3:38pm Mar 7, 2011 3:38pm
Quoting Venice

Everyone gloats on and on about how the higher the time frame, the easier it is trade. I say my ass it is.

A candle stick is a candle stick is a candle stick. ....
Maybe because your confusing daily swing trades with daily levels for intraday. Longer timeframe charts are a lot cleaner for any TA, PA analysis but trading daily swings requires a completely different set of skills at the time, r:r and MM level. Most of the TA distortions and mental "filters" when trading intraday are not only useless for daily swings but actual dangerous...but thats for another discussion.

On the 2nd thing, just a quick not TA exercise that may help you see the daily from a different perspective (not trading system or anything). Check the uptrend since JAN 2011, just look at your a candle is a candle is a candle and verify what would have happened if you wait for a pullback (a simple red candle or whatever color) and wait for a green candle for entry.....

just my 2 cents.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #402,150
  • Mar 7, 2011 3:39pm Mar 7, 2011 3:39pm
Thanks again. Testing several indi's too but trying to master them one by one and getting the feel for them thoroughly before moving to the next. I love my MA's which direct me to a nice setup but the ZZ makes me more patient for entry which i am enjoying for the better.

Found this great vid too on the Fibonacci fan technique and actually applied this video tutorial to my charts and worked a treat.

Inserted Video


Quoting Magix
The ZZ is a pretty powerful tool and makes working with the fibs and fans a lot easier...a quick glance and you know where to drop your points...

I have been working with a volume x ZZ x Gann x MA(x) set of indies from the end of last week and into market open...Once you throw them all together, you actually get one FAWK of a scalping tool...kind of a VSA for dummies type deal and set at a 1m pace that can be translated into the longer TFs...

Really nice stuff to be playing with....Of course I still like the use of a couple other indies for confirmations,...
Disclaimer: Check your 1m charts
  • #402,151
  • Mar 7, 2011 3:40pm Mar 7, 2011 3:40pm
thanks drum

Quoting drumdude
Good stuff
Disclaimer: Check your 1m charts
  • #402,152
  • Mar 7, 2011 3:44pm Mar 7, 2011 3:44pm
Though I am a bit late in the trend, waiting for a move back to _____ and then fill my truck with ___ like a mad farmer and blast off to scrap the remaining left of the trend. fill in the blanks.
  • #402,153
  • Mar 7, 2011 3:45pm Mar 7, 2011 3:45pm
Quoting PipPipPip
Though I am a bit late in the trend, waiting for a move back to _____ and then fill my truck with ___ like a mad farmer and blast off to scrap the remaining left of the trend. fill in the blanks.
I'm not sure why... but the first two words that I filled this in with were #1. 'Kansas' and 'Gas' for #2. lol
  • #402,154
  • Mar 7, 2011 3:55pm Mar 7, 2011 3:55pm
Quoting pipper
Thanks again. Testing several indi's too but trying to master them one by one and getting the feel for them thoroughly before moving to the next. I love my MA's which direct me to a nice setup but the ZZ makes me more patient for entry which i am enjoying for the better.

Found this great vid too on the Fibonacci fan technique and actually applied this video tutorial to my charts and worked a treat.
Nice...The wife always walks into the office when I got something playing and with the amount of time I spend with my charts, she sighs and asks why I can't just watch porn like most normal men...

Heh...

Here is a sample of my current 1m charts sets...not sure what you will be able to make out...but trends for me all look the same, above the 200EMA or below is what defines the trend(Gann HiLo confirmation)...From there, excessive volume marks starts and stops, MACD confirms the trends, the triggers are Moving averages crosses and it is just a matter of watching for the next volume spike for correction and exit...

A buttload to be looking at, but once ya get used to it...really it is just a matter of having a quick trigger finger...

A lot of my trades I enter into on speculation so can take the rapid moves and shake a couple extras out of, but hey a couple decent trades and riding the trends off triggering the 1m chart pays pretty nice as well...
Attached Image (click to enlarge)
Click to Enlarge Name: vsa4d.jpg Size: 156 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #402,155
  • Mar 7, 2011 3:57pm Mar 7, 2011 3:57pm
Quoting Venice
I'm not sure why... but the first two words that I filled this in with were #1. 'Kansas' and 'Gas' for #2. lol
which demographic position is kansas? our how about texas?
  • #402,156
  • Mar 7, 2011 4:00pm Mar 7, 2011 4:00pm
Will check out Abu's blog Magix. Got to get some kip here. Later all. Safe trading..

Quoting Magix
The ZZ is a pretty powerful tool and makes working with the fibs and fans a lot easier...a quick glance and you know where to drop your points...

I have been working with a volume x ZZ x Gann x MA(x) set of indies from the end of last week and into market open...Once you throw them all together, you actually get one FAWK of a scalping tool...kind of a VSA for dummies type deal and set at a 1m pace that can be translated into the longer TFs...

Really nice stuff to be playing with....Of course I still like the use of a couple other indies for confirmations,...
Disclaimer: Check your 1m charts
  • #402,157
  • Mar 7, 2011 4:08pm Mar 7, 2011 4:08pm
Just saw post before leaving. My missus is the same. I'm sure she thinks i'm trying to be the next Banksi drawing something nice with trendlines and bollinger bands and the likes. She has no interest and would probably take your line on watching the porn too

I'll take a look at this chart over the next few days and try to learn from it as i'm always trying to find things to help me trade better.

thanks again. Safe trading. Will check in tomorrow. US is my session unfortunately due to work although when i'm not lazy i try to get up before Frankie/London

Quoting Magix
Nice...The wife always walks into the office when I got something playing and with the amount of time I spend with my charts, she sighs and asks why I can't just watch porn like most normal men...

Heh...

Here is a sample of my current 1m charts sets...not sure what you will be able to make out...but trends for me all look the same, above the 200EMA or below is what defines the trend(Gann HiLo confirmation)...From there, excessive volume marks starts and stops, MACD confirms the trends, the triggers are Moving averages crosses and it is just a...
Disclaimer: Check your 1m charts
  • #402,158
  • Mar 7, 2011 4:10pm Mar 7, 2011 4:10pm
if you can make the kind of results you have shown and not burn out then keep it up ..

You have found something that works for you and that is all that matters

Quoting fxpreacher
I tried to trade long term charts like some here do. 2 account down. lol.
Blogging daily now at www.volume.zone
  • #402,159
  • Mar 7, 2011 4:11pm Mar 7, 2011 4:11pm
Waiting for this candle.
Attached Image
The Thief of Wall Street
  • #402,160
  • Mar 7, 2011 4:11pm Mar 7, 2011 4:11pm
Quoting malcolmb14
if you can make the kind of results you have shown and not burn out then keep it up ..

You have found something that works for you and that is all that matters
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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