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  • #1,101
  • Edited 5:45am May 20, 2011 5:43am | Edited 5:45am
Quoting tradista
I don't want to think this way, but you make me to! I don't actually find anything in your posts that aim to bring anything to Nomask's teaching, only your so called "signals".


imho, please do so! And if one day you finally decide to share how you come up with those numbers I will be on board reading your thread too.

Anyway, if nomask allows you to clutter his thread then we will just have to live with it, besides I'm sure nobody wants your Friends to miss any of your signals... Who knows, maybe I can use nomask's thread too the leave a...
Are you a Rookie ? Reading your discussing with Nomask, I didn't think so !

System : It is not always easy to put down one's thoughts on paper especially the reasoning that goes behing taking a trade. There are more than one way to make money in the markets : one may make money on the Long side on the same day as another makes money on the short side - if there is a Trend then there is a Counter-trend too. So, it is how you perceive it. Most important is an idea of momentum - if there will be a follow-thru' to the trade. Trading is an art, not science. That is why I do not mind reading more than one way of deciphering mkts.

Wish you More pips.
  • #1,102
  • May 20, 2011 5:43am May 20, 2011 5:43am
Quoting gssintokyo
I agree with you totally however there are an extremely vocal (and tiresome) group of posters on FF who seem to thrive on bickering and time-wasting generally-doing anything but ignoring them and continuing with the original thread as if they didn`t exist seems counterproductive to me.
I understand what your saying and agree, but I think that every new comer to FF who is not forum-literate at first will find it strange and distracting, probably reacting this same way.

Anyway, I'm done writing about this issue.
  • #1,103
  • Edited 7:45am May 20, 2011 7:31am | Edited 7:45am
Hello all.
I know that some want to hear from me about the discussion thats been going on for sometime now.
But as I said that before I don't feel myself as a thread owner neither someone to tell people what to do or not to do.
As some of you already know I've been posting in Graeme's thread mainly based on his method but with some variations and additions (mostly about 5 min. entries).Maybe we can call this more conservative way of it which I believe is a necessary "period" of any trading method out there until you really become a master on what you're doing.
I wanted to share what I've been doing without damaging the concept of Graeme's thread so opened up this thread to post and share my ideas in my own comfort.
I do understand that most traders not comfortable with some sort of live calls and yes I only trade my calls since I'm risking the money in my pocket.
I'll keep posting the very simple concept same as the first chart of this thread.So believe me this is even more than you need to be a succesful trader.
If you have problem with watching 5min or not enough time to spend on trading then you can use monthly,daily timeframes as your direction and 1hr for your entry.Sure you'd need little larger stop in that case but less frequent trading signals.
---------
my kiwi trade (once was in 170 pips profit) ended at b.e as it moved back up.
But my main hindsight with this pair is still down until this week is over.
I'll post some charts about why I haven't taken any trade on eu lately if I can get some more time..
until then stay tuned.
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  • #1,104
  • May 20, 2011 10:23am May 20, 2011 10:23am
Quoting jasonc1213
That being said, to get us back on track, here is a live entry off the 5 minute I took yesterday...
Nice entry Jason. I wanted to get in on this trade but I wasn't able to be at my computer. The entry I would have taken would be the one you labeled as "possible 2nd entry."

I've noticed that pinbars/long wicks/engulfing on 100 pip levels seem to provide good signals. This is the one main tweak I've made to my own trading. I still like to use the Fibs on the 5 min chart.

Do you use 100 pip levels Nomask? The past few weeks I've seen a bunch of great trades by using these levels and using them seem very fluid with your method as we watch major lines and median lines. Here is my USDJPY chart I'd post more but I'm sure people can find them on their own.
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Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #1,105
  • May 20, 2011 11:47am May 20, 2011 11:47am
Quoting zusch
Nice entry Jason. I wanted to get in on this trade but I wasn't able to be at my computer. The entry I would have taken would be the one you labeled as "possible 2nd entry."

I've noticed that pinbars/long wicks/engulfing on 100 pip levels seem to provide good signals. This is the one main tweak I've made to my own trading. I still like to use the Fibs on the 5 min chart.

Do you use 100 pip levels Nomask? The past few weeks I've seen a bunch of great trades by using these levels and using them seem very fluid with your method as we watch...
When in your 100's levels you look for crossing and closing candles? What time frames? Still H4 and then fibs to look for PA on M5?

Thanks
  • #1,106
  • May 20, 2011 12:50pm May 20, 2011 12:50pm
Quoting zusch
I've noticed that pinbars/long wicks/engulfing on 100 pip levels seem to provide good signals. This is the one main tweak I've made to my own trading. I still like to use the Fibs on the 5 min chart.

Do you use 100 pip levels Nomask? The past few weeks I've seen a bunch of great trades by using these levels and using them seem very fluid with your method as we watch major lines and median lines. Here is my USDJPY chart I'd post more but I'm sure people can find them on their own.
That's kinda funny...I did something similar. I figure, on a daily basis price seems to move at least 100 pips, applying the same theory that if it crosses and closes beyond one 00 price, it's likely to head to the next...perhaps on it's way to the next major 0000 price.

Being that forex is so fractal...meaning you can't really tell a 5 min chart apart from an hourly chart without a labeled x & y axis...then it stands to reason that moving down a couple of time frames proportionately should work too.

I'm hoping it would be a benefit to those confined to a specific trading session due to their geographical time zone, such as mine which is PST zone. That makes my prime trading time during the Asian session and I usually miss setups using Nomask's timeframes because they usually occur during other sessions when I'm sleeping or at work.

However, that's only a theory and the only way to tell is to try it out....in demo at first. I'm applying the method as explained by Nomask except instead when price crosses and closes in relation to the 00 (100 pip) price levels, I'm using the Daily (hindsight), hourly and 5min charts.

  • #1,107
  • May 20, 2011 3:12pm May 20, 2011 3:12pm
Quoting Tania
You are learning nomask system and according to fibo level and candle formation i am writing my idea about Market direction for my friends, also it's redundant to repeat those things and it's better you ignore signals and keep on your way, please.
Your friends? So, your so-called friends come to this thread to get your signals? Why don't you send them email or text message (SMS) with your pathetic signals?. Why do you clutter someone's thread?. Don't you understand that we do not likes your so-called signal service?.

If you really want to help your friends, why don't you tell them how you get those signals?. Can't you see, people get disturbed by your UNWANTED signal service. If you can understand simple English, you should have stopped it long time back.

You must be a Pathetic person.

Nomask, sorry for my language.
  • #1,108
  • May 20, 2011 9:21pm May 20, 2011 9:21pm
I wanted to ask exactly the same question of Zusch..
Quoting cfabian
When in your 100's levels you look for crossing and closing candles? What time frames? Still H4 and then fibs to look for PA on M5?

Thanks
  • #1,109
  • May 21, 2011 12:57am May 21, 2011 12:57am
Hi.. Sweet Pip I got a question for ya...

Are you the same Sweet Pip that use to hang out over at Baby Pips in the Never Lose Again thread?
Let me know..

Hi to all. I'm a very long term trader... and as my avatar shows I trade ala Jesse Livemore style. I have followed Graeme's and Nomask threads. Even though my participation is basically nil... I am always around if anyone needs help or wants a different opinion.

Take care and be patient... the reward is for those that wait..
Jess

Quoting Sweet Pip
That's kinda funny...I did something similar. I figure, on a daily basis price seems to move at least 100 pips, applying the same theory that if it crosses and closes beyond one 00 price, it's likely to head to the next...perhaps on it's way to the next major 0000 price.

Being that forex is so fractal...meaning you can't really tell a 5 min chart apart from an hourly chart without a labeled x & y axis...then it stands to reason that moving down a couple of time frames proportionately should work too.

I'm hoping it would be a benefit to those...
Our AWESOME IMAGINATION is the true holy grail!
  • #1,110
  • May 21, 2011 1:13am May 21, 2011 1:13am
I haven't looked for closes beyond 100 levels because I feel that would provide too many signals. Instead I look for bounces off these levels. I watch these levels on the 4 hour chart and when I see a good signal bar I use the Fibs on the 5 min chart.

The post I made a couple pages back about catching a breakout of 81 on USDJPY was more of a volatile breakout ala Graeme's thread than simply just a close beyond the 81 level.
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Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #1,111
  • May 21, 2011 1:22am May 21, 2011 1:22am
Quoting xmess7
Hi.. Sweet Pip I got a question for ya...

Are you the same Sweet Pip that use to hang out over at Baby Pips in the Never Lose Again thread?
Let me know..

Hi to all. I'm a very long term trader... and as my avatar shows I trade ala Jesse Livemore style. I have followed Graeme's and Nomask threads. Even though my participation is basically nil... I am always around if anyone needs help or wants a different opinion.

Take care and be patient... the reward is for those that wait..
Jess
Hi Jess...you caught me...lol. Actually someone who obviously is a follower of those guys too started a thread over at BPs entitled "1000 pip method" which caught my eye and led me over here.

Long time no hear...how are you doing?

  • #1,112
  • May 21, 2011 3:30am May 21, 2011 3:30am
Thanks nomask for answer me and thanks zusch for nice comment
I have an entry at the same time jacksonc1213 did when I saw good set up at H4 and break out at M5, but I dont know how to post pictures here (maybe I search later)
P/S: I have problem with overtrade, It make me lost some pips several weeks ago and I dont know how to fix that now. I wish somebody give me some advises about that.
  • #1,113
  • May 21, 2011 4:46am May 21, 2011 4:46am
All I can I say about overtrading is what has worked for me: previously I would trade exactly the same hours everyday which led to a subconscious feeling that I had to get at least a trade in per session and to generally taking less than optimal set-ups..
to counter this I stopped setting aside fixed hours and will now go to the platform at irregular times -if there is something eye-catching then I watch more and sometimes trade -if not I switch off and do something else instead. This has led to less time in front of the computer (with all the benefits that entails), FAR fewer trades per week and much better percentages of money-making (and even more non-money-losing)trades .

best of luck with this tricky issue,
greg


Quoting born4forex
Thanks nomask for answer me and thanks zusch for nice comment
I have an entry at the same time jacksonc1213 did when I saw good set up at H4 and break out at M5, but I dont know how to post pictures here (maybe I search later)
P/S: I have problem with overtrade, It make me lost some pips several weeks ago and I dont know how to fix that now. I wish somebody give me some advises about that.
  • #1,114
  • May 21, 2011 4:56am May 21, 2011 4:56am
Quoting vilas
[color=royalblue]Are you a Rookie ? Reading your discussing with Nomask, I didn't think so !

System : It is not always easy to put down one's thoughts on paper especially the reasoning that goes behing taking a trade. There are more than one way to make money in the markets : one may make money on the Long side on the same day as another makes money on the short side - if there is a Trend then there is a Counter-trend too. So, it is how you perceive it. Most important is an idea of momentum - if there will be a follow-thru'......
Well, thanks. I would say that I am at a stage where one has enough basic skills and knowledge to have a decent theorical discussion but still lacks the ability of consistency and emotional strenght to actually be in the markets doing anything really profitable yet!
Hopefully, with nomask's, yours and all the amazing traders help from this thread I will soon move from the rookie status to a more interesting one ...

I understand your reasoning and I think you are to be respected for taking a positive attitude towards the issue of taking the "good" from every idea posted, including what sometimes seems like useless clutter (such as the so-called "signals" calculations from Tania, etc).

Regards.
  • #1,115
  • Edited 5:39am May 21, 2011 5:07am | Edited 5:39am
Quoting zamzen
Your friends? So, your so-called friends come to this thread to get your signals? Why don't you send them email or text message (SMS) with your pathetic signals?. Why do you clutter someone's thread?. Don't you understand that we do not likes your so-called signal service?.

If you really want to help your friends, why don't you tell them how you get those signals?. Can't you see, people get disturbed by your UNWANTED signal service. If you can understand simple English, you should have stopped it long time back.

You must be a Pathetic person....
Your standard of English is good because the British brought English to India. Tania is French, she never learnt English formally. Her choice of words is compositionally wrong. What she means by "friends" is 'those who are not "enemies" - neutral persons. It is not fair to take advantage of her language but I hold that she is not doing anything against the general fx-community by posting here. This thread was started by a good person and the authority to say who should or should not post is his alone by FF's Rules. You and me are nothing but participants.

Unfortunately, you have not taken note of previous posts. I have stated before that I DO NOT trade her sigs but do not agree that she should be told not to post - as I said, this is for the Thread starter.

As written to another, if T puts you on Ignore, you can post 100 times and she would not have to read it even once -- suggest you take same step.

You have joined here recently - 28 April, 39 posts - don't know if you have been posting in other foruns - don't think so from the way you take offence over nothing - keeping a Forum exclusively for one's own sake is not anybody's prerogative. It is not yours. You are wasting your time...
  • #1,116
  • May 21, 2011 5:37am May 21, 2011 5:37am
Quoting tradista
Well, thanks. I would say that I am at a stage where one has enough basic skills and knowledge to have a decent theorical discussion but still lacks the ability of consistency and emotional strenght to actually be in the markets doing anything really profitable yet!
Hopefully, with nomask's, yours and all the amazing traders help from this thread I will soon move from the rookie status to a more interesting one ...

I understand your reasoning and I think you are to be respected for taking a positive attitude towards the issue of taking the...
Thanks Mr. Tradista for your view. Hope others adapt too and stop bickering. Some come here to learn, others come to find company - FX is a lonely game - and friends - if we start rejecting people because someone has big ears and another has short nose, then we are defeating half the purpose.

Stage in Trading : every one has to pass this stage - take care not to lose in the beginning. But I am against Micro Trading. Demo is OK but when you do start Real trading, it should not be Micro - 10 Cents a pip. Let it be something that will "hurt" if you make a wrong trade. Then analyze your trades.

IMO, Mr. Nomask has started this thread at a high level. I compliment him for coming up with this which he himself admits he got the idea of when posting in another thread (you can read it in his posts). But IMO, before coming to this level, one has to know basics rather well which is S/R levels, Fibonacci, Pivot points etc. Do not forget MAs which are "mobile" S/R levels ! Experiment with some and you will find the way.
FF has most of the information !

You do not have to follow anyone but do make a note if you come across a Sig and see how the price reacts to it when it is approached.

And .....forgot so far -- Use a stop loss - how much ? Depends on the TF you use - and its ATR: Hr TF, Hi/Lo of 2 candles before should be OK in most cases.

I do not mean any deviation from the Main thread - the above are basic ingredients and I write it as a guideline.

Happy Trading.
  • #1,117
  • May 21, 2011 7:30am May 21, 2011 7:30am
I've been testing prior periods of USDGBP (Jan'2009) and I always get my entries stopped at BE after PA retracing from a 80-120 pips profit. I have to check if this is specific to this pair but it looks like price gets back to the RN several times before taking a direction, taking out SL in the way back. Seems like the best thing would be to enter "before" the Round number is reached, so to not be stopped by any bounce.

Perhaps this is a consolidation period on W1, so my question is: do you think the method applies best to trending periods or could it work out ok in large consolidation periods also?
  • #1,118
  • May 21, 2011 8:09am May 21, 2011 8:09am
Quoting tradista
I've been testing prior periods of USDGBP (Jan'2009) and I always get my entries stopped at BE after PA retracing from a 80-120 pips profit. I have to check if this is specific to this pair but it looks like price gets back to the RN several times before taking a direction, taking out SL in the way back. Seems like the best thing would be to enter "before" the Round number is reached, so to not be stopped by any bounce.

Perhaps this is a consolidation period on W1, so my question is: do you think the method applies best to trending periods or...
If this hapens to you often, you are very good but short on Lady Luck's Favours ! Why not put in a TP at 60 - 80 pips ? When the pips are safely in your pocket, you can enter the same trade again ! Taking a wine-bottle to Lady Luck won't do any harm !
Hope my 2-cents worth will help !
  • #1,119
  • May 21, 2011 8:39am May 21, 2011 8:39am
Quoting tradista
Perhaps this is a consolidation period on W1, so my question is: do you think the method applies best to trending periods or could it work out ok in large consolidation periods also?
I don't know if this question was directed to me but Nomask's method only works in a trending environment. That is why the main pair he focuses on is EURUSD...it is very trendy. We want to pick pairs that have the best potential to trend and not consolidate. Consolidation is simply the market saying its not sure where it will go next and this is typically where most traders lose the most money.

I hope this answered the question although I'm not exactly sure what/who you were asking.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #1,120
  • May 21, 2011 8:59am May 21, 2011 8:59am
Quoting zusch
I don't know if this question was directed to me but Nomask's method only works in a trending environment. That is why the main pair he focuses on is EURUSD...it is very trendy. We want to pick pairs that have the best potential to trend and not consolidate. Consolidation is simply the market saying its not sure where it will go next and this is typically where most traders lose the most money.

I hope this answered the question although I'm not exactly sure what/who you were asking.
Hi Zusch and thank you, you answered my question.
Even though nomask is obviously the person to ask to, I let the question opened for any thread reader to answer. I didn't yet run full tests on EURUSD as would like to but I was having lots of bounces taking out my SL when running the tester in a USDGBP ranging market period and didn't recall having read that a trending market was necessary for the method to work correctly. Shame on me, I guess I'll have to re-read from the beginning !

Many thanks!
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