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  • #1,941
  • Jun 27, 2011 7:31pm Jun 27, 2011 7:31pm
Quoting Dehyah
Don't you guys trade the Tokyo Session?
I take some if it looks like things are moving, if it's quiet I don't.

I'm in this one, working out good so far.

For those that are interested, how I do this is I have my "timing chart" on top and my "what's happening today" chart on the bottom (not always so zoomed in). We can see with the e/g "what's happening chart" that price just took out the high and on the "timing chart" a nice double top with both 1h and 4h ("bias helpers") showing down. I also have another screen which has daily charts so I make sure that I'm not missing anything.

(so I'm aware of the Daily but take trades based on the 1H using Kevinator as my market timing for ins and outs)

Lovin it!
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  • #1,942
  • Jun 27, 2011 7:35pm Jun 27, 2011 7:35pm
Quoting jmw1970
Hi HappyHappy/All

just watched a few of the webinars, one that was VERY interesting when combined with this method is the one on CCI & Stochastics.
Hey John,

We're so conditioned to use indicators as our guides, I've found that they can screw us up much more then they help by giving us false confidence. Once you learn the supply and demand and get some real confidence in your trades, then they can be very helpful for your timing. I can trade totally naked now but I wouldn't get as many trades as I do using this method to help time and show clear ins and outs.
  • #1,943
  • Jun 27, 2011 7:43pm Jun 27, 2011 7:43pm
This is a nice trade I took earlier today on the cad, after it broke the steepest trendline I was waiting for the retrace to sell it again which is where I've put the arrows.
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  • #1,944
  • Edited 8:22pm Jun 27, 2011 7:45pm | Edited 8:22pm
FYI, the Retracement Finder indicator is nothing more that a CCI(8) converted to a Histogram indicator where it signals the turn from <= 0 to > 0 for a Long signal or the turn from >= 0 to < 0 for a Short signal.

Still a useful indicator if you don't want to hurt your eyes looking at the normal CCI(8) indicator
  • #1,945
  • Jun 27, 2011 7:57pm Jun 27, 2011 7:57pm
Did the OP abandon his thread???
  • #1,946
  • Jun 27, 2011 11:05pm Jun 27, 2011 11:05pm
Quoting kevinator
As the manager of the system I am the one to take the credit for it when it works correctly.

And I will answer for it if there are any issues.

And I will take all comments questions and concerns so if you have any just ask.
one week awol

hope he is okay
  • #1,947
  • Jun 28, 2011 12:06am Jun 28, 2011 12:06am
Just took a long on the Aussie
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  • #1,948
  • Jun 28, 2011 1:06am Jun 28, 2011 1:06am
My 20 pip stop was 2 pips away from getting hit but luckily didn't. I think it will still work out.
  • #1,949
  • Jun 28, 2011 1:25am Jun 28, 2011 1:25am
Happy,

I like your approach to this method of trading and appreciate your contribution, especially regarding the supply and demand. I am sure that is the only way to add to this method. It only adds to our knowledge of how and when the market moves and thereby exploiting, as it were, the market.
Keep up your contribution as long as you are able.

Good trading to all!!!!

Pete
  • #1,950
  • Edited 3:26am Jun 28, 2011 2:39am | Edited 3:26am
hi happy and all,
listen brother... just live trade what and all that you know,and less talk.. with respect..

nothing is for certain.. you won't be able to read big boys next move by just chart trading.. chart trading is a secondarily way of trading.. and you and I and we know nothing unless we are one of the insiders or the actual big guns... supply and demand will go opposite or for anytime as wished to do whats right for them.. mass of cash will change any god damn s/p s/r etc, line on yours and my chart..
the best is to not worship whats laid on the chart but to see the true PA ,use other stuff just as compliments and figure out when they make sense to the actual action at hand.. in here we use some indies as guides but they don't and should not rule what we do.. 2/3 of all alert signals are to be eliminated and scanned.. indies help somewhat to scan quicker in the heat of the daily battle when filliping pages..
no matter where the s/p lines are or are not.. when PA is ranging.. the damn thing is ranging and if the channel is wide enough one might be able to put up some ping pong action.. and if it's Trending than, where better to get in than MOM setup.. that's your real buying cheap selling high or opposite .. and more importantly if it goes wrong your sl as a back up is not too far from entry to keep the avg loss in-check.


to everyone,

for this system there is one thing vital before putting up a trade..

is the currency pair in RANGE.. or.. TRENDING.. action

what helps you with that?.. it's simple..
daily range.. the band's angel.. current swing.. and then the 4hr stoach..

know this little thing before doing any action..
if it ranging, ping pong it ass.. if it's trending, wait for MOM..
  • #1,951
  • Jun 28, 2011 2:53am Jun 28, 2011 2:53am
char display that you might find helpful..
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  • #1,952
  • Jun 28, 2011 3:25am Jun 28, 2011 3:25am
Quoting P.Dean
char display that you might find helpful..
I took this long trade too, the 4h stoch showed down so it wasn't a normal valid entry. I took it anyways as I saw price had broken the 1h trendline to the downside and the Euro and GBP had just bounced hard to the upside, so I guessed correctly it was going to stop out all the shorts which it did. (and got 30 pips

I agree with some of what you said, when you know it's in a range, ping pong baby! Also, about how we want to eliminate many of the signals.

Re: your current view on supply and demand, here's my response "you don't know what you don't know".

I've shared a bit as I had a couple people pm asking me for my view on things and don't worry, I'm not planning to stick around the forum for too long so I hope that people get some value while I'm here. It's a fluke/synchronicity that brought me here.

Re: your live charts - seriously, who cares, those can be live demo charts.

Peace and good luck.

PS IMHO if you keep "trading blind" I'll be taking some of your money
  • #1,953
  • Jun 28, 2011 3:44am Jun 28, 2011 3:44am
Scalped EU for +10 as price is outside TMA bands plus hitting a spply zone.
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  • #1,954
  • Jun 28, 2011 3:44am Jun 28, 2011 3:44am
Quoting happyhappy
I took this long trade too, the 4h stoch showed down so it wasn't a normal valid entry. I took it anyways as I saw price had broken the 1h trendline to the downside and the Euro and GBP had just bounced hard to the upside, so I guessed correctly it was going to stop out all the shorts which it did. (and got 30 pips

I agree with some of what you said, when you know it's in a range, ping pong baby! Also, about how we want to eliminate many of the signals.

Re: your current view on supply and demand, here's my response "you don't know what you...
if you want money just ask and i give it to you... lol

its not about money or demo or real accounts... it's about displaying things live my friend.. don't talk hindsight or this or that.. put it in action.. demo or not.. i can care or less if you make millions or lose millions on paper or real.. but let the community know based on live thinking and action to back what you really mean as you do it.. it's about learning , teaching or whatever.. it all sums up to giving and passing.. that's all.

I wish and hope if your good enough to make money.. then, by all means take my money or anyone else... but we will never know if you can't live play a single word of what you say...

with respect..
  • #1,955
  • Jun 28, 2011 3:45am Jun 28, 2011 3:45am
Quoting happyhappy
I took this long trade too, the 4h stoch showed down so it wasn't a normal valid entry. I took it anyways as I saw price had broken the 1h trendline to the downside and the Euro and GBP had just bounced hard to the upside, so I guessed correctly it was going to stop out all the shorts which it did. (and got 30 pips

I agree with some of what you said, when you know it's in a range, ping pong baby! Also, about how we want to eliminate many of the signals.

Re: your current view on supply and demand, here's my response "you don't know what you...
Nice like S/D stuff
  • #1,956
  • Jun 28, 2011 3:49am Jun 28, 2011 3:49am
Ok, I was very skeptical to short round numbers so I just standed by and watched whether it is a bullish flag or some deeper retracement.

The RF was stepping down, H4 stoch was down and QQE was giving me some calls.
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  • #1,957
  • Jun 28, 2011 3:51am Jun 28, 2011 3:51am
G/U live... sorry to put this up late... i was making a reply back post..

now about the setup and trade..
this pair in my eyes is in the range action about 60 pips daily range.. as you see at the time of entry the 4hr is flashing down but the fact is, its not strong.. the 1hr, not even flashing down.. so.. the indies are too inline... but the real action says that the damn thing is in the RANGE... so all i got to do is to play the bands and sell on top and buy in the bottom till it releases out of this range...
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  • #1,958
  • Jun 28, 2011 3:58am Jun 28, 2011 3:58am
The exit should be according to the rules at the lower of TMA.

It's wise to lock in profit after some pips go in your favour though. I know that there are time price likes to retrace making drawdown but anyway I hate taking heat so I would just move the SL @ BE after 5pips in profit.
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  • #1,959
  • Jun 28, 2011 4:18am Jun 28, 2011 4:18am
I've been reading this thread since the weekend and decided to set up a demo yesterday and take some trades.

Yesterday, lots of wins, but losses also from poor entries so will continue to read and check the charts being posted.

I have taken a couple of trades tonight with nice results, eurusd (25 pips) and usd cad (10 pips). I exited far too early on the usdcad trade which is still going up.

At the moment I'm just concentrating on the MOM trades till I get the hang of the strategy, however have been using a stop loss that has been a bit tight I think. I've been stopped out quite a few times to have the price go in my direction like a bullet on the next candle.
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  • #1,960
  • Jun 28, 2011 4:20am Jun 28, 2011 4:20am
Quoting P.Dean
G/U live... sorry to put this up late... i was making a reply back post..

now about the setup and trade..
this pair in my eyes is in the range action about 60 pips daily range.. as you see at the time of entry the 4hr is flashing down but the fact is, its not strong.. the 1hr, not even flashing down.. so.. the indies are too inline... but the real action says that the damn thing is in the RANGE... so all i got to do is to play the bands and sell on top and buy in the bottom till it releases out of this range...

exited a few seconds after the snap shot for +47..
now looking to see if I can pull MOM trade out of this since its swinging down, 4hr coming around to bearish as well as 30min.. now waiting for a valid PB close to Upper band... at the same time I do not yet consider this pair as a trending pair at moment.. but since it broke the days low and moved to bigger daily range I would be a bit more careful on buy signals and scan much more carefully and definitely pass on the first buy signal..
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