Attachments: Price is everything

Price is everything

#18,681
May 29, 2011 7:47am May 29, 2011 7:47am

cablito
| Joined Jan 2011 | Status: Trader | 85 Posts

Quoting Orbital

Disliked

If they cant they need to learn it by putting actual effort into it.

Ignored

As Morpheus says : I can only show you the door. You're the one that has to walk through it ...

here's a good file emene posted few weeks ago

Attached File(s)

OTA ARTICLES.xls 289 KB | 1,130 downloads

TRUST THE PROCESS !

#18,682
May 29, 2011 8:11am May 29, 2011 8:11am

Fxfighter
Joined Oct 2009 | Status: Trader | 468 Posts

Hi Inf,

Well I really can not see blown any acc.trade with this way.If they blown acc.def. is they didn't trade S@D style and as Orbital say rather they ignore any risk and trade managment.
So those people please post your charts with your trades and u receive in a few minutes answear what was wrong with your trades.
If someone study this thread and Emene articals with rigt MM and TM then they just can not blown acc. if so please show me how you blown those acc.I am really curious.

Regards

FX

Quoting Ifmyante

Disliked

Seriously seriously drunk IFFY here.
i FEEL VERY Bad for the people who have been pming me this weekend saying they have blown their accounts trading our way.
I promise to draw up a pdf explaining how to trade profitably using our methods,
within the next few days.
It sucks people that we may have taken your money lately - that was never our intention. I'll be posting lessons here soon on how to trade profitably, and I hope my good friends here will help me draw up lessons too.

We want to help each other, so please watch this space.

I love you...

Ignored

#18,683
May 29, 2011 8:57am May 29, 2011 8:57am

Ifmyante
| Membership Revoked | Joined Nov 2010 | 3,072 Posts

I posted an exercise on Kenny's thread. http://www.forexfactory.com/showthre...71#post4652071
All are welcome to participate, especially lurkers and learners

#18,684
May 29, 2011 9:29am May 29, 2011 9:29am

biDc
| Joined Apr 2011 | Status: Trader | 819 Posts

thanks for the chart iffy! I swing trade in the daily time frame and have been incorporating this methodology slowly in my demo account. hope to learn more from this thread and looking forward to your pdf

#18,685
May 29, 2011 9:59am May 29, 2011 9:59am

dailyking
Joined Aug 2010 | Status: Trader | 3,935 Posts

you are totally right. price is everything. Those relying on moving averages crosses and macd signals, were blown out last week when the gbp/usd was still giving a short signals wiht ema and suddently prices turned back up. the gbp/usd up trend which is likley to continue this week as many other majors since the u.s dollar is beaten gave an early warning about its reversal...on the weekly chart that has been confirmed...

Moving are averages are good, but they shouldn't be the ledaers in your trading decisions...

walking to profits - nice set ups to come tonight at

http://www.forexfactory.com/showthre...254704&page=30

#18,686
May 29, 2011 10:34am May 29, 2011 10:34am

Orbital
Joined Jan 2010 | Status: Amat victoria curam | 2,333 Posts

Quoting biDc

Disliked

..... have been incorporating this methodology slowly in my demo account. hope to learn more from this thread and looking forward to your pdf ...

Ignored

This is an example of a smart trader, somebody who beta-tests and then triple checks results and methodology on a demo account before he brings it on a live account.

Quoting dailyking

Disliked

you are totally right. price is everything. Those relying on moving averages crosses and macd signals, were blown out last week when the gbp/usd was still giving a short signals wiht ema and suddently prices turned back up. the gbp/usd up trend which is likley to continue this week as many other majors since the u.s dollar is beaten gave an early warning about its reversal...on the weekly chart that has been confirmed...

Moving are averages are good, but they shouldn't be the ledaers in your trading decisions...

Ignored

I don't like moving averages but there are people like brian and Magix who are really good at using them. It really depends on your trading style, if something works for you use it, if it doesnt throw it in the can. Whenever i start bithcing and moaning about MA's etc i expect people to understand that its just for me or my personal oppinion, without having to prefix every sentance with "IMO". Argueing about trading styles is stupid, the difference with high quality traders like brian and Magix is that at least they know how theyre using the MA's as signals and that PA and Structure still plays a vital key role in their analysis.

Just my 2 cents for now since its sunday, time for some food.. im a bit moody and depressed right now to be honest so dont know how much trading i will be doing over the week, but im working on a new video right now going into a little bit more detail for the newbies, will probably be a multi-part series.

#18,687
May 29, 2011 10:57am May 29, 2011 10:57am

dailyking
Joined Aug 2010 | Status: Trader | 3,935 Posts

o.k well said. you are right it works with some people as long as they learned to use then in the proper way. But magical mov ave, with accurate signals are to be found it the psychology of the trader, and in his skills...

walking to profits - nice set ups to come tonight at

http://www.forexfactory.com/showthre...254704&page=30

#18,688
May 29, 2011 11:06am May 29, 2011 11:06am

Magix
Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts

Quoting Orbital

Disliked

This is an example of a smart trader, somebody who beta-tests and then triple checks results and methodology on a demo account before he brings it on a live account.

I don't like moving averages but there are people like brian and Magix who are really good at using them. It really depends on your trading style, if something works for you use it, if it doesnt throw it in the can. Whenever i start bithcing and moaning about MA's etc i expect people to understand that its just for me or my personal oppinion, without having to prefix every sentance...

Ignored

I have to agree with you on all points here Orbs...

1. Just because you don't clearly state the "IMHO", doesn't mean that shit don't work, just means you see market through a seperate set of criteria.

2. Just because I work with moving averages, doesn't mean that I don't believe any other system in the world to work, just something I have become comfortable using.

3. Moving averages are an indicator of price. Watching a fast moving average in relation to a slow moving average be it by lines alone or with the use of a MACD is just an indication of direction of market and only through other filtering systems can you adapt a sense of where to take profit and when to cut losses.

There is no market perfection out there, only analysis that will give you a fighting chance. From there it is a matter of taking what you know, applying it in a safe means always keeping an eye on risk management and reasonable profit expectations.

Even with the use of a few colorfull tools, doesn't mean that I rely 100% on them. I still take into careful consideration as to the session ranges, supply and demand areas and in all best efforts, try watch for confirmation of direction from these zones before dipping a trade into the markets.

I took scads of shit trades last week...given the week, it was easy to do...The dragon was a prick, EU went into a 7 hour sideways channel, Thursdays close was below weekly open, typically a short signal, but closed well above on Friday...Where USDCAD was holding grounds and EU/GU were gaining, corelations were right the fuck out the window and each chart had to be traded as an individual, it made for a really shakey week.

Meh, still came out ahead, and in this game, living to fight another day is what can seperate the cans from the cannots.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!

#18,689
May 29, 2011 11:34am May 29, 2011 11:34am

Good Fortune
| Joined Feb 2011 | Status: Tracking | 530 Posts

This is not your problem IMO.... I can almost assure you that they were NOT trading your way. There are many items here good traders go over in this thread and other threads. These topics cover subjects ranging from valid trading principles, to methods of viewing markets, and with specifics applied to charts. The new individual trader must constantly update his grasp of foundational basics though to succeed imo. This work goes beyong participation on the thread. No amount of PA knowledge will help them if they are adding to a looser with oversized leverage imo (as an example). And, lets face it. This game is just not for everyone. The successful traders here have beaten the odds and there is no guarantee about the future. The traders that do help people here do not owe anyone anything.... More than one successful trader at FF has stated that it took them years of struggling to get where they are, and that noone else could have done it for them.... Teaching and mentoring will not make a short cut in learning to properly assess markets and perform well. I am very thankful that the successful traders will talk about their lessons here, but the newer trader has total individual responsibility for what he does with the information gained and how he applies it. Just my two cents...

Quoting Ifmyante

Disliked

Seriously seriously drunk IFFY here.
i FEEL VERY Bad for the people who have been pming me this weekend saying they have blown their accounts trading our way.
I promise to draw up a pdf explaining how to trade profitably using our methods,
within the next few days.
It sucks people that we may have taken your money lately - that was never our intention. I'll be posting lessons here soon on how to trade profitably, and I hope my good friends here will help me draw up lessons too.

We want to help each other, so please watch this space.

I love you...

Ignored

Do your time and enjoy the ride...

#18,690
May 29, 2011 1:37pm May 29, 2011 1:37pm

Myrza
Joined Nov 2008 | Status: Mmmm.. | 1,322 Posts

Quoting Magix

Disliked

I have to agree with you on all points here Orbs...

1. Just because you don't clearly state the "IMHO", doesn't mean that shit don't work, just means you see market through a seperate set of criteria.

2. Just because I work with moving averages, doesn't mean that I don't believe any other system in the world to work, just something I have become comfortable using.

3. Moving averages are an indicator of price. Watching a fast moving average in relation to a slow moving average be it by lines alone or with the use of a MACD is just an indication...

Ignored

Price is everything but I am loss without my 50 sma.
I am so darn happy today..finally got my self 2 massive screen LED cnnected to a spanking new liquid cooled i5 system. A third screen in the future cos a monitor with a display port is still to damn expensive. The missus is not too happy with my extravagance.
Now I can trade like a boss

Anyway..how is everybody's weekend?

#18,691
May 29, 2011 2:47pm May 29, 2011 2:47pm

jaydc
| Joined Oct 2009 | Status: Trader | 249 Posts

Quoting Myrza

Disliked

Price is everything but I am loss without my 50 sma.
I am so darn happy today..finally got my self 2 massive screen LED cnnected to a spanking new liquid cooled i5 system. A third screen in the future cos a monitor with a display port is still to damn expensive. The missus is not too happy with my extravagance.
Now I can trade like a boss
Anyway..how is everybody's weekend?

Ignored

hi whats ram size in this setup

#18,692
May 29, 2011 4:26pm May 29, 2011 4:26pm

teodosy87
| Joined Jun 2008 | Status: Trader | 453 Posts

Quoting Rufus

Disliked

Hi all.

I wrote a friend of mine a while back concerning trading zones. Sometimes it appears that the big money has been studying Sam Seidon as well. Run something to the zone have a poor reversal then take it all out by passing through the zone to hit all stops.

So unless there is a true reversal out of the zone it is a no go. For me if the "Engulfing" fails then is is still a no go. The charts(4h,1h,15m) I have posted show what appeared to be a great zone when initially drawn. But PA leaving it was awful.

And of course what are traders...

Ignored

Rufus sorry but i have to disagree with you. This method works and will be working for a long time. We have to watch for big TF before going to small ones. Go Weekly and see what actually made this move down. So for me it seems simple you cant stop weekly with hourly level. Cheers

#18,693
May 29, 2011 5:04pm May 29, 2011 5:04pm

ingmarforex
Joined Dec 2009 | Status: Trader | 3,156 Posts

Quoting Rufus

Disliked

Hi all.

I wrote a friend of mine a while back concerning trading zones. Sometimes it appears that the big money has been studying Sam Seidon as well. Run something to the zone have a poor reversal then take it all out by passing through the zone to hit all stops.

So unless there is a true reversal out of the zone it is a no go. For me if the "Engulfing" fails then is is still a no go. The charts(4h,1h,15m) I have posted show what appeared to be a great zone when initially drawn. But PA leaving it was awful.

And of course what are traders...

Ignored

I agree with you on low liquidity days this is how the big boys make money they trigger buy or sell stop and suck in weaker hands. best is on iliquid days to fade the move. let the dealers first clear the orders then they position themself most of the time you will see accumalation around this time to distract the people and it is hard to get good fills in the books for those players this time you will most of the time see a second spike up where buyers or sellers get in because they think the trend is intact this is the move you wanna fade because this is a trap

#18,694
May 29, 2011 5:42pm May 29, 2011 5:42pm

Rufus
Joined Feb 2009 | Status: Illegitimi non carborundum | 3,526 Posts

Quoting teodosy87

Disliked

Rufus sorry but i have to disagree with you. This method works and will be working for a long time. We have to watch for big TF before going to small ones. Go Weekly and see what actually made this move down. So for me it seems simple you cant stop weekly with hourly level. Cheers

Ignored

I was not saying the zones don't work. My point is that unless we have a clear move out of the zone I don't take it. I have given up on pending orders. IMHO (For Orbital) They have been a waste of time for me. A pending order on a daily chart can easily have a 100 pip stop, which I don't mind because I just adjust position size. But if I get a position fill short and it is running toward my first target 100 pips away, in the USA it is against the law to have a "hedge type position" to go long. For instance if I am trying to play out the top and bottom of a trading zone.

The chart I posted I played the crap out of. IMHO (For Orbital) If I had a long term short I would only have half the chart.

Anyway some random thoughts.

Trade safe

Rufus

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Illegitimi non carborundum - Noli pati a scelestis opprimi.

#18,695
May 29, 2011 6:39pm May 29, 2011 6:39pm

teodosy87
| Joined Jun 2008 | Status: Trader | 453 Posts

Quoting Rufus

Disliked

I was not saying the zones don't work. My point is that unless we have a clear move out of the zone I don't take it. I have given up on pending orders. IMHO (For Orbital) They have been a waste of time for me. A pending order on a daily chart can easily have a 100 pip stop, which I don't mind because I just adjust position size. But if I get a position fill short and it is running toward my first target 100 pips away, in the USA it is against the law to have a "hedge type position" to go long. For instance if I am trying to play out the top and...

Ignored

I do understand i apologize for this misunderstanding. I see your point!