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  • #421,561
  • Apr 14, 2011 8:18am Apr 14, 2011 8:18am
Quoting PhAnTi'
i recommend to stick to the masters words treeguy

Wow in the bank!

Thank you guys this is better than any course i have paid for before!
  • #421,562
  • Apr 14, 2011 8:19am Apr 14, 2011 8:19am
Quoting ForexTreeGuy
Wow in the bank!

Thank you guys this is better than any course i have paid for before!
  • #421,563
  • Apr 14, 2011 8:19am Apr 14, 2011 8:19am
I don't suppose anyone else knows why gator is eyeing that 4296 level?

Cloggie I am interested in what you are saying but I just can not identify the different levels like you do. Can you recommend any reading to develop the technique?
  • #421,564
  • Apr 14, 2011 8:22am Apr 14, 2011 8:22am
Quoting ForexTreeGuy
Wow in the bank!

Thank you guys this is better than any course i have paid for before!

Paying for courses is rubbish, the trader you really want to learn from is not going to take the time to teach a few noobies, he is way too busy making money.

Now go back over the whole play and see how the levels worked, where to move your stops and where to get out.

Now next time you pick a top or bottom, sit on your hands, only take the confrimed moves. Tops and bottoms that you see will rarely pan out to be a good trade.
  • #421,565
  • Apr 14, 2011 8:22am Apr 14, 2011 8:22am
Oil goes up and eur comes now... now i am confused!!!
  • #421,566
  • Apr 14, 2011 8:23am Apr 14, 2011 8:23am
Quoting Alexbabwa
I don't suppose anyone else knows why gator is eyeing that 4296 level?

Cloggie I am interested in what you are saying but I just can not identify the different levels like you do. Can you recommend any reading to develop the technique?

There is only one sort of reading you need to do, that is the chart right in front of you.

Redsword has a pretty good grasp on this too, go have a read over his thread, just don't give him any alcohol.
  • #421,567
  • Apr 14, 2011 8:24am Apr 14, 2011 8:24am
I think his assumption is that oil closes below 105.69

Quoting Alexbabwa
I don't suppose anyone else knows why gator is eyeing that 4296 level?

Cloggie I am interested in what you are saying but I just can not identify the different levels like you do. Can you recommend any reading to develop the technique?
  • #421,568
  • Apr 14, 2011 8:24am Apr 14, 2011 8:24am
Quoting cloggie
Only about 1% of the best traders in the world can pick tops and bottoms succesfully. I have never met a retail trader that manages it. Noobies have no hope in hell trying to do it. So focusing on confirmed moves and just ignore the tops and bottoms is overtime a heck more profitable.

EU has moved 122 pips a day on average over the last 10 weeks, so just finding the fat part of the day and riding along with the herd should give the average retail trader a good 50-80 pips a day on this pair.

Exactly. I certainly don't want tops and bottoms. I just want the middle slice of a move. Anyone that wants the bottoms and tops can have them...

Confirmed move in a direction, place order, trade to target. confirmed move in opposite direction, place order, trade to target.

Moves stops to BE+x at your discretion, based on time frame trading.
  • #421,569
  • Apr 14, 2011 8:25am Apr 14, 2011 8:25am
Quoting Alexbabwa
I don't suppose anyone else knows why gator is eyeing that 4296 level?

Cloggie I am interested in what you are saying but I just can not identify the different levels like you do. Can you recommend any reading to develop the technique?
Draw your levels, see how they play out. If they work, your drawing them correctly. If they don't, try try again.

It's an iterative process and it takes time to learn.
  • #421,570
  • Apr 14, 2011 8:25am Apr 14, 2011 8:25am
Quoting Venice
Exactly. I certainly don't want tops and bottoms. I just want the middle slice of a move. Anyone that wants the bottoms and tops can have them...

Confirmed move in a direction, place order, trade to target. confirmed move in opposite direction, place order, trade to target.

Moves stops to BE+x at your discretion, based on time frame trading.

You got it. Look at the chart I post with my trades on, I never pick the tops. Just go for the fat part of a move, that's where the money is.

If only more noobies would understand this, the amount of profitable traders would double inside a week.
  • #421,571
  • Apr 14, 2011 8:26am Apr 14, 2011 8:26am
cloggie, they aren't going to be able to prop this above 1.45 for the fix today i dont think... im curious at what they are going to do...
  • #421,572
  • Apr 14, 2011 8:26am Apr 14, 2011 8:26am
Quoting Venice
Draw your levels, see how they play out. If they work, your drawing them correctly. If they don't, try try again.

It's an iterative process and it takes time to learn.

Give it 10,000 hours and 10,000 dollars and anyone can be profitable in this business.
  • #421,573
  • Apr 14, 2011 8:27am Apr 14, 2011 8:27am
Quoting Venice
Draw your levels, see how they play out. If they work, your drawing them correctly. If they don't, try try again.

It's an iterative process and it takes time to learn.
are the daily fib pivots any good for the levels?! or that it's just a lazy way of doing things?
  • #421,574
  • Apr 14, 2011 8:27am Apr 14, 2011 8:27am
Quoting cloggie
You got it. Look at the chart I post with my trades on, I never pick the tops. Just go for the fat part of a move, that's where the money is.

If only more noobies would understand this, the amount of profitable traders would double inside a week.
When I first started, my issue was thinking I was getting in on a confirmed move, only to realize it wasn't a confirmed move, but a range, and I had just bought at the top... thats a tough lesson to learn iMO.
  • #421,575
  • Apr 14, 2011 8:27am Apr 14, 2011 8:27am
Quoting cloggie
Paying for courses is rubbish, the trader you really want to learn from is not going to take the time to teach a few noobies, he is way too busy making money.

Now go back over the whole play and see how the levels worked, where to move your stops and where to get out.

Now next time you pick a top or bottom, sit on your hands, only take the confirmed moves. Tops and bottoms that you see will rarely pan out to be a good trade.

watching what happens 1.4394 but I'm done for today -- have notes to take. Mentors are hard to find i had better take advantage when i get the info
  • #421,576
  • Apr 14, 2011 8:28am Apr 14, 2011 8:28am
So far as I see it today's game. Bulls started off the 1st period (Asia) with 2 quick goals scoring late before the end of the period. Bears came out fighting at the start of the 2nd (europe) scoring 2 quick goals and going very close to a third, but for heroic defense by the batterd Bulls. third period looks like be a bitter battle bewteen the two with neither side wishing to give a way to a third as a rout might set in.
  • #421,577
  • Apr 14, 2011 8:28am Apr 14, 2011 8:28am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting fldash
cloggie, they aren't going to be able to prop this above 1.45 for the fix today i dont think... im curious at what they are going to do...
1.444 is the immediate resistance fl.

Most likely isn't going to go past that, look for a retest of 1.43700 and beyond.
  • #421,578
  • Apr 14, 2011 8:29am Apr 14, 2011 8:29am
Quoting nemesis
are the daily fib pivots any good for the levels?! or that it's just a lazy way of doing things?
They are levels that sometimes are, and sometimes aren't respected.

I personally don't use fibs, (I find my levels through supply & demand) but I think one of the best lessons to take away from fibs is learning how to trade reactions to areas.
  • #421,579
  • Apr 14, 2011 8:30am Apr 14, 2011 8:30am
Quoting Venice
They are levels that sometimes are, and sometimes aren't respected.

I personally don't use fibs, (I find my levels through supply & demand) but I think one of the best lessons to take away from fibs is learning how to trade reactions to areas.

The only fib I use is the 50, which isn't really a fib. EU loves the 50. (hint), now I just gave the answer to the question I posted to Treeguy.

The only other times I use fibs are for flags, as both bear and bull flags are very fib sensitive, I also keep fibs handy on wedge breaks as again the 50 extension is always a good intermediate target with the 38.2 forming the momentum fib.
  • #421,580
  • Apr 14, 2011 8:31am Apr 14, 2011 8:31am
Quoting ForexTreeGuy
Wow in the bank!

Thank you guys this is better than any course i have paid for before!
will send you my bank account info via pm...
Hero calls followed by margin calls...
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