Trading Major Lines | Page 33 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Horizontal Lines on Round/Major Numbers? 30 replies

execution time for major broker, major pairs 3 replies

Trading With Speed Resistance Lines 12 replies

Trading With Median Lines book 1 reply

How to Build a Trading System around these Lines 15 replies

Attachments: Trading Major Lines
Exit Attachments

Trading Major Lines

  • #641
  • Apr 2, 2011 1:38am Apr 2, 2011 1:38am
Quoting Bryan
Nomask,

You stick to the eurusd? The gbpusd is looking good at the 1.6000 level.
Yes but you're right it looks good too.
  • #642
  • Apr 2, 2011 1:57am Apr 2, 2011 1:57am
Hello Liangko,

for what it is worth to you. open eur/jpy chart, it broke the bottom range with conviction and the impulse wave is on for the 4h tf.

also, my current bias for eur/usd is quite bullish for the upcoming week, which makes eur/jpy hotter than usd/jpy.

with my amateur opinion, eur/usd seems like a stop sweep week to me, almost made a outside bar.

however, these are just the current views, market can change at anytime, but anything that can increase our probability or reward for the same risk is worth noting.

^.^ anyways, happy pipping, nomask's charts have helped me tremendously in not overtrading.

and nomask, definitely patiently waiting for the spices. if we all trained to be profitable traders, the banks might come after you LOL
  • #643
  • Apr 2, 2011 2:14am Apr 2, 2011 2:14am
Quoting wangyue22
Hello Liangko,

for what it is worth to you. open eur/jpy chart, it broke the bottom range with conviction and the impulse wave is on for the 4h tf.

also, my current bias for eur/usd is quite bullish for the upcoming week, which makes eur/jpy hotter than usd/jpy.

with my amateur opinion, eur/usd seems like a stop sweep week to me, almost made a outside bar.

however, these are just the current views, market can change at anytime, but anything that can increase our probability or reward for the same risk is worth noting.

^.^ anyways, happy...
indeed they're already after us but in some other ways.
in a country with 8% inflation rate this is what banks do:
"give me your money I'll give you 5% profit"
"let me give you some loan with 10% interest"
either way you get "loved"
What a "shoot" life..!
  • #644
  • Apr 2, 2011 5:24am Apr 2, 2011 5:24am
Quoting nomask
whole candle was a down move but I was looking for a long entry so I needed a swing up to put my fib on which happened at the end of the 4hr candle.


All you did was re-fib this past weekly bullish candle correct?
On my feed the last 4hr candle is the high point at 1.42445 and a bit of a bearish pin. I'm sure it makes no difference. I'm on board.

Thanks for sharing this method Nomask. It might be easier than I thought to get into that 5% club
  • #645
  • Edited 9:14pm Apr 2, 2011 4:54pm | Edited 9:14pm
Quoting nomask
indeed they're already after us but in some other ways.
in a country with 8% inflation rate this is what banks do:
"give me your money I'll give you 5% profit"
"let me give you some loan with 10% interest"
either way you get "loved"
What a "shoot" life..!
Hello NoMask,
LOL, even though i have no idea of the fundamentals, but i do drink a lot of soda , just with the price increase, i know inflation is off the roof. when the big guys are broke, they can only steal from the small fries, but off course, with couple twists and turns. but you will be surprised how many intelligent people don't get this simple concept. (i shouldnt be talking, just got it after i got into the market -.-). i was talking to my co workers about how money in our bank is not really money in what most people believes but rather perceived value on the materials in this world. and how the big boys can change that without changing the digital numbers within your account. most of them either laughed or gave me a weird look. and these are smart people with graduate degrees

I want to have the choice to choose neither i will be this little guy right here. and through persistance and perserverence and guidance off course ^.^

i dont want to a 3% slow death, nor a 20% sudden death. maybe i ask too much -.-.

i do love your teaching, the simplicity and precision of it. it is said that an object will remains in motion until acted upon. i wish i could contribute more to this thread, but my skill level is no where near to be able to help someone. so in the meantime, i will sit back and take in and absorb as much as I can. and thanks again nomask, your time and effort will always be appreciated here.


oh Bryan, http://www.forexfactory.com/showpost...&postcount=636

and the answer would be yes according to nomask, wish you the best to the 5% club, i hope to join that club as well.
Attached Image (click to enlarge)
Click to Enlarge Name: courage.jpg Size: 200 KB
  • #646
  • Apr 2, 2011 9:32pm Apr 2, 2011 9:32pm
Thanks nomask for a great thread
Have up loaded the first 20 pages of this thread with your postings to pdf
enclosed first 2 pdf files have a limit of 1.91 mg so will post other 2 soon
Attached File(s)
File Type: pdf Trading Major Lines part1.pdf   1.3 MB | 2,376 downloads
File Type: pdf Trading major lines part2.pdf   1.8 MB | 1,510 downloads
  • #647
  • Apr 2, 2011 9:50pm Apr 2, 2011 9:50pm
These 4 pdf files are of nomasks postings and charts first 20pages
hope it is useful
Attached File(s)
File Type: pdf Trading Major Lines part3.pdf   1.1 MB | 1,416 downloads
File Type: pdf Trading Major Lines part4.pdf   947 KB | 1,613 downloads
  • #648
  • Apr 3, 2011 2:04am Apr 3, 2011 2:04am
Sako

Greatly appreciated here ^.^ definitely useful. if you dont mind, how do you combine it into pdf format, i have saved all of nomask's attachements, always wanted to compile it into one coherent file.
  • #649
  • Apr 3, 2011 3:02am Apr 3, 2011 3:02am
Quote
Greatly appreciated here ^.^ definitely useful. if you dont mind, how do you combine it into pdf format, i have saved all of nomask's attachements, always wanted to compile it into one coherent file. __________________
hi wangyue22
took a while what I did was copy and paste nomask individual postings to a word document then used a word document to PDF converter on the web - link is as follows
http://www.doc2pdf.net/
When you up load the PDF file to forex factory the max upload for PDF files is 1.91mg so that is why I split it into 4 files to do it in one file was to large ie made 4 smaller word documents to convert to PDF
Hope it makes sense
cheers
  • #650
  • Apr 3, 2011 7:52am Apr 3, 2011 7:52am
Quoting sako
hi wangyue22
took a while what i did was copy and paste nomask individual postings to a word document then used a word document to pdf converter on the web - link is as follows
http://www.doc2pdf.net/
when you up load the pdf file to forex factory the max upload for pdf files is 1.91mg so that is why i split it into 4 files to do it in one file was to large ie made 4 smaller word documents to convert to pdf
hope it makes sense
cheers

very useful. Thanks for the effort ... Hugs
  • #651
  • Apr 3, 2011 9:38am Apr 3, 2011 9:38am
Any of you guys familiar with Tony112's method?

http://www.forexfactory.com/showthread.php?t=156106

Perhaps we can incorporate the two methods, get our risk down to 2 pips, and become 5% billionaires quicker
  • #652
  • Apr 3, 2011 11:20am Apr 3, 2011 11:20am
Quoting Bryan
Any of you guys familiar with Tony112's method?

http://www.forexfactory.com/showthread.php?t=156106

Perhaps we can incorporate the two methods, get our risk down to 2 pips, and become 5% billionaires quicker
You need an edge. Entering on first candle is not an edge. Just because he shoots for big r:r doesn't mean its a good strategy. If anything its idiotic. And when you get to real size, you won't always get fills you need. When determining size based on 2 pip stop loss, some slippage will kill you.
  • #653
  • Apr 3, 2011 11:27am Apr 3, 2011 11:27am
I know you primarily focus on EURUSD Nomask but what are you thoughts on EURGBP. I see a situation that looks very similar on this pair to what could happen on EURUSD. On EURGBP we have closed above a weekly trendline. While on EURUSD we are still underneath our weekly trendline.

Perhaps to my eye only taking a long around the current Fib levels I have drawn (if they are even correct) has a very low survival rate unless it was a very clean setup. I'd feel much more comfortable taking a long around the retest of the weekly trendline and the large pink line I have drawn on my chart.

I suppose that the situation are a bit different as EURUSD looks very comfortable above 1.4 while EURGBP is coming into .9000.

What are your thoughts?

Bryan: I think for me 7-8 pips is low enough risk. lol
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP outlook.jpg Size: 197 KB
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #654
  • Apr 3, 2011 11:35am Apr 3, 2011 11:35am
Also reflecting on last week I think it was a very good example of how well Nomask's method works. Even though most of us weren't able to establish a position that survived, our hindsight worked perfectly. Amazing how round numbers work so well as S/R. Before finding this thread I would prob be trying to find every reason to go short last week and the week to come.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #655
  • Apr 3, 2011 11:38am Apr 3, 2011 11:38am
Quoting wangyue22
Hello NoMask,
LOL, even though i have no idea of the fundamentals, but i do drink a lot of soda , just with the price increase, i know inflation is off the roof. when the big guys are broke, they can only steal from the small fries, but off course, with couple twists and turns. but you will be surprised how many intelligent people don't get this simple concept. (i shouldnt be talking, just got it after i got into the market -.-). i was talking to my co workers about how money in our bank is not really money in what most people believes but rather...
I see what you're saying and totally agree with you.
Your contributions always appreciated here wang.thanks a lot.
  • #656
  • Apr 3, 2011 11:59am Apr 3, 2011 11:59am
Quoting sako
hi wangyue22
took a while what I did was copy and paste nomask individual postings to a word document then used a word document to PDF converter on the web - link is as follows
http://www.doc2pdf.net/
When you up load the PDF file to forex factory the max upload for PDF files is 1.91mg so that is why I split it into 4 files to do it in one file was to large ie made 4 smaller word documents to convert to PDF
Hope it makes sense
cheers
Hello sako..Here is a little help for you and others..
not because I believe my posts are so worth to be split from others but you can use this small software to compile anybody's posts in any thread from ff.I found this in Graeme's thread.Its what I've been looking for.
you just put the first page's adress (but it should end with &page=1) and the number of the total pages.The program starts automatically seperating the posts and put them into one single html file that you can easily convert to pdf file based on the people's nicknames.
I did one for my own posts in this thread and attached..Took me little while to figure this out since there was no guide or anything but you can get it worked easily.
http://hotfile.com/dl/113183359/8afe...ctory.pdf.html
  • #657
  • Apr 3, 2011 12:01pm Apr 3, 2011 12:01pm
I uploaded the program too..

http://hotfile.com/dl/113183555/7000...Leech.rar.html
  • #658
  • Apr 3, 2011 12:06pm Apr 3, 2011 12:06pm
Quoting Bryan
Any of you guys familiar with Tony112's method?

http://www.forexfactory.com/showthread.php?t=156106

Perhaps we can incorporate the two methods, get our risk down to 2 pips, and become 5% billionaires quicker
I know his method..You can try that but I don't think there is such a quick way to achieve that.
  • #659
  • Apr 3, 2011 12:13pm Apr 3, 2011 12:13pm
Quoting qwerty00
You need an edge. Entering on first candle is not an edge. Just because he shoots for big r:r doesn't mean its a good strategy. If anything its idiotic. And when you get to real size, you won't always get fills you need. When determining size based on 2 pip stop loss, some slippage will kill you.
I agree. I wish him the best luck anyway.
If you asked some of the best people in the industry, Soros or Buffet, they would suggest you to do some work instead. It is just not that easy.
Kind Regards zol
  • #660
  • Apr 3, 2011 12:19pm Apr 3, 2011 12:19pm
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-04-03_EURUSD.png Size: 88 KB
Kind Regards zol
1 trader viewing now