Thinking Outside the Box!?! | Page 18 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Fibnacci trading..Are U thinking what i'm thinking? 76 replies

BDFS - Thinking out from the Box 3 replies

Definition of Bullish Outside Engulfing and Bearish Outside Engulfing 3 replies

Thinking out of the box and The Anti-Bell Curve experiment 1 reply

Think Outside the Box 26 replies

Attachments: Thinking Outside the Box!?!
Exit Attachments

Thinking Outside the Box!?!

  • #341
  • May 27, 2011 12:52pm May 27, 2011 12:52pm
Quoting Monroe
your trade was a trendline bounce... traders take profit, traders go long, not much else moving it right now... open up a 1hr chart and see for yourself.
Oh your right then this is probably not the best example.. I will have to post a trade that goes against the trend or something in the future

you could probably use a trend line to justify any trade after the fact tho.. oh well
  • #342
  • May 27, 2011 12:54pm May 27, 2011 12:54pm
Quoting newyear498
you could probably use a trend line to justify any trade after the fact tho.. oh well
no that's not true... this was a clear trendline that everyone should have been aware of... shit doesn't get more clear then that...
  • #343
  • May 27, 2011 1:02pm May 27, 2011 1:02pm
Quoting Monroe
no that's not true... this was a clear trendline that everyone should have been aware of... shit doesn't get more clear then that...
I was not aware of the trend line but yeah I agree it does look clear looking back on it now.. anyways idk how you guys trade with this stuff ...

but I'm not going to argue if they work or not for that go to my old thread
Attached Image (click to enlarge)
Click to Enlarge Name: boo.jpg Size: 190 KB
  • #344
  • May 27, 2011 1:05pm May 27, 2011 1:05pm
It's a personal thing, I guess.

Fear seems about to run anywhere, while hope settles into a predictable area.
Attached Image

Another way to define them is that fear is loss, hope is profit; these'd be more obvious areas.

(Yeah, and I'm staying out of the trendline argument. Either you put in the work or you don't.)
  • #345
  • May 27, 2011 1:14pm May 27, 2011 1:14pm
Quoting newyear498
I was not aware of the trend line but yeah I agree it does look clear looking back on it now.. anyways idk how you guys trade with this stuff ...

but I'm not going to argue if they work or not for that go to my old thread
this is why i have a news feed and pay attention to information off the charts that traders pay attention to as well that give me a better idea of when or when not to trade them and go for the break/retest... and watch the reaction...
  • #346
  • May 27, 2011 1:23pm May 27, 2011 1:23pm
Quite bored, so I'll play along.

If you know who's playing, why not play with their emotions? I'd have to first know whether people are playing or not though :/ And of course legitimate reasons why.

Rasta Colors FTW. It looks like a very unimpressed smiley face.
Attached Image (click to enlarge)
Click to Enlarge Name: iloled.jpg Size: 179 KB
  • #347
  • May 27, 2011 1:24pm May 27, 2011 1:24pm
Quoting newyear498
Anyone want to circle where fear and hope are (not all over the chart but regarding my trade)
Just an idea.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-05-27_1921.png Size: 300 KB
  • #348
  • May 27, 2011 1:29pm May 27, 2011 1:29pm
Quoting Monroe
this is why i have a news feed and pay attention to information off the charts that traders pay attention to as well that give me a better idea of when or when not to trade them... and watch the reaction...
Monroe,

Yeah that makes perfect since..

I do the same thing in the since of using similar tools to see what the others are seeing.. its just for me I don't use a trend line personally..

I just use price action, so rather than see what their seeing.. I can know how their feeling without having to see why.. so I don't even need to see if they see a trend line.. or see if they see a macd cross.. or see that the president got shot etc..

I'm only responding to your post because I want to let you know I understand your reasoning and my original response was an honest "yes I see what your saying damn I wish it didn't"


PS: yeah this post and my live trade today may have nothing to do with "out of the box" and same with price action etc.. not point as it was ment to thank everyone etc etc.. just read the live trade post.. maybe fear and hope are outside box but will see in upcoming posts idk..



  • #349
  • May 27, 2011 1:35pm May 27, 2011 1:35pm
Quoting newyear498
Monroe,

Yeah that makes perfect since..

I do the same thing in the since of using similar tools to see what the others are seeing.. its just for me I don't use a trend line personally..

I just use price action, so rather than see what their seeing.. I can know how their feeling without having to see why.. so I don't even need to see if they see a trend line.. or see if they see a macd cross.. or see that the president got shot etc..

I'm only responding to your post because I want to let you know I understand your reasoning and my...
yup, i hear you, I would only use a trendline it if it's very clear and symmetric and if I know that it's technicals probly driving orders at the time rather then some news etc that can flush all that shit right down the tubes.

I don't use anything else but simple basic s/r that the world can see. You can see some others have the "supply/demand" levels on your 5min, and you see that lines up with the TL, this is what they would call confluence... therefor even more orderflow builds there. When you get a nice reaction, it's a go...
  • #350
  • May 27, 2011 1:35pm May 27, 2011 1:35pm
Quoting newyear498
Anyone want to circle where fear and hope are (not all over the chart but regarding my trade)

I think we can all learn a little something if everyone takes part.. will see some human psychology at work in this thread


PS: Don't let others post influence where you circle etc.. just be honest.. I'll post where I originally saw it as well



HERE USE THIS CHART/IMAGE
I am not sure where the thread is going now. But, as a trader, and given the topic was thinking outside the box (what ever that is), then I can honestly say that fear and hope do not appear on the chart, nor are they in a professional traders "box", which by definition means they are outside the box. Fear and hope are emotions that are part of someones mental make-up and character. There is no room for either of them in trading.

And, I think it's ironic that trend lines came up in the example!
  • #351
  • May 27, 2011 1:38pm May 27, 2011 1:38pm
Quoting xXTrizzleXx
Quite bored, so I'll play along.

If you know who's playing, why not play with their emotions? I'd have to first know whether people are playing or not though :/ And of course legitimate reasons why.

Rasta Colors FTW. It looks like a very unimpressed smiley face.
LOL.. you must have a good sense of humor.. fun comments
  • #352
  • May 27, 2011 1:42pm May 27, 2011 1:42pm
yes this was off topic of the thread title... but this thread was going nowhere fast before that. Though it ties in with what newyear was saying.. i was just commenting on his trade, what cuased the fear/hope... as markets are drivin' by fear, greed, expectations, aspirations, etc etc. so a good topic i'd say.

have a good weekend everyone, i'm out...
  • #353
  • May 27, 2011 1:46pm May 27, 2011 1:46pm
And, I agree with Ha-pattern. Why are most of the viewers of this thread invisible? That seems pretty strange...
  • #354
  • May 27, 2011 1:54pm May 27, 2011 1:54pm
Quoting GEfx
I am not sure where the thread is going now. But, as a trader, and given the topic was thinking outside the box (what ever that is), then I can honestly say that fear and hope do not appear on the chart, nor are they in a professional traders "box", which by definition means they are outside the box. Fear and hope are emotions that are part of someones mental make-up and character. There is no room for either of them in trading.

And, I think it's ironic that trend lines came up in the example!
yeah fear and hope are probably a little over exaggerated of words.. could possibly be the wrong terms as well.. like I said I just think it sounds sexy "buy fear sell hope"

in anycase.. its the main idea thats at hand here.. not what its called..

otherwise we go down the path (and how many times have you seen this).. where someone starts using an analogy to quantify the market.. "The markets like a box of chocolates.. ya never know what yarrr gonna get"

People are trying to make sense out of the market by applying examples of little things in life to help explain how it works..

but looking at how people are trying to explain how the market works.. is probably a more direct way to understand how it really works

so my "buy fear sell hope" motto is kinda how I summed it up in some weird way(theres probably a better motto but w/e).. looking at what others are going to try to do.. and make sense of the market..

its kind of a really weird paradox..

its understanding how you understand... (or understanding how they understand)





understand?
  • #355
  • May 27, 2011 2:19pm May 27, 2011 2:19pm
1. What I see here is simply shits not going to go down.. its refusing to.. it might go down slightly but ultimately returns to where it is..

Buy Fear: I'm buying from the sellers who have fear it cannot go lower

2. What I see is price is failing to go higher now.. its time for a correction.. all that matters is that 1 single red candle I have circled.. thats where every losing trader is.. RIGHT F**KING THERE still holding on (or getting in) past my little red stoploss line

Sell Hope: I'm selling my position to all the trader who want to go long and have hope it will go higher...




and one last thing

3. where I said I sold half my position.. this is where I try to reverse typical fear and hope..

I just sell half at a predefined time.. a couple of minutes to lock in profits.. now I don't have to hope or fear...
Attached Image (click to enlarge)
Click to Enlarge Name: expo1.jpg Size: 92 KB
  • #356
  • Edited 8:51pm May 27, 2011 8:37pm | Edited 8:51pm
Quoting newyear498
1. What I see here is simply shits not going to go down.. its refusing to.. it might go down slightly but ultimately returns to where it is..

Buy Fear: I'm buying from the sellers who have fear it cannot go lower

2. What I see is price is failing to go higher now.. its time for a correction.. all that matters is that 1 single red candle I have circled.. thats where every losing trader is.. RIGHT F**KING THERE still holding on (or getting in) past my little red stoploss line

Sell Hope: I'm selling my position to all the trader who want to...
Hi newyear,
I think this is my version of the chart you posted. Does it look the same to you? I think it's pretty close.
Attached Image (click to enlarge)
Click to Enlarge Name: euro1.gif Size: 12 KB
  • #357
  • May 27, 2011 8:39pm May 27, 2011 8:39pm
Quoting nubcake
i'm not looking for handouts per se. i'm looking for a new thought, perspective, or idea that allows me to pick the locks that shackle my mind. hence, suggesting to "think in 3d" as you put it is exactly what I WANT to do but do not know HOW to do.

maybe you see the problem that i have, and perhaps pipalicious also. when you run out of ideas you are stuck. there are plenty of systems and methods, but most are simply unsuitable or flawed and do not resonate at all.

anyway, nuf said. there are a few new members that might spark some ideas that...
Ok let me entertain you with something I have been playing with and see what you might come up with.

The idea is simple... find a mean price of a particular currency. The mean price can be used as target points. To find the mean price you take the High + Low of a period and divide by 2 this is your mean price.

If the price is trending down the mean price will step down over time. How significant that is I am not sure yet. To look at this in the 3D realm you would take mean prices for monthly, weekly and H4 periods.

So play around with it and see what you can come up with. I already can tell you in down trends there is margin of error involved but from initially playing around with it, I think there might be something of value in it.

PS: Rent and watch the movie: "The Number 23" it is fully related to the FX market in a twisted sort of way.
  • #358
  • May 27, 2011 8:40pm May 27, 2011 8:40pm
Here is another view of the chart that I just posted. You exited your trade (or shorted the market) at exactly a position where professional traders are re-loading or (for the more cautious traders) entering a new position, with very small pips at risk:
Attached Image (click to enlarge)
Click to Enlarge Name: euro2.gif Size: 14 KB


With a little TA and some good visual recognition of trade set ups, you sold where others were buying so they could capture another 50 pips:
Attached Image (click to enlarge)
Click to Enlarge Name: euro3.gif Size: 14 KB


I do not think fear and or hope are really involved in the decision making process of professional traders. Just one traders view of the markets and how they work.
  • #359
  • May 27, 2011 8:54pm May 27, 2011 8:54pm
Quoting pip_seeker
Ok let me entertain you with something I have been playing with and see what you might come up with.

The idea is simple... find a mean price of a particular currency. The mean price can be used as target points. To find the mean price you take the High + Low of a period and divide by 2 this is your mean price.

If the price is trending down the mean price will step down over time. How significant that is I am not sure yet. To look at this in the 3D realm you would take mean prices for monthly, weekly and H4 periods.

So play around with it...
some would be pushing away from the average attempting to capture trend movements, others would be targeting towards it to fade recent movements. in my head it's all twisted since either way you slice it you usually get caught going the wrong way in either case.

this might be a perfect example of what i'm not seeing that others are.

the number 23... i heard it was a terrible movie. i'm either going to love it or hate it, i'm sure. interesting movie suggestion and i will endeavour to watch it in the next few days (once i get some proper sleep)
Congratulations ScalaFX for coming out of the closet!
  • #360
  • May 27, 2011 9:05pm May 27, 2011 9:05pm
Quoting nubcake
hence, suggesting to "think in 3d" as you put it is exactly what I WANT to do but do not know HOW to do.
Maybe you should start trading options if you like 3D


http://2.bp.blogspot.com/_uWeZwUmhyc...f_08062010.bmp


http://www.tradingfloor.com/en/Publi...Apr11_Fig3.GIF
0 traders viewing now