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  • #477,341
  • Jun 30, 2011 5:12pm Jun 30, 2011 5:12pm
Quoting FibbinArchie
can't really complain, but there's certainly room for improvement atm...

so what you been up to then?
trading my normal 1hr charts but using a 1 minute chart to get in on
finding much tighter SLīs and have made a lot more over 9 weeks
more trades

experimenting with this
rat
  • #477,342
  • Jun 30, 2011 5:13pm Jun 30, 2011 5:13pm
Quoting Magix
A time for some suggestions...

1. I'd rather have a bottle in front of me than a frontal lobotomy...
2. If you're going to continue to ride my ass, you could at least pull my hair...
3. I might have a drinking problem, 2 hands and only 1 mouth...
4. That's what she said...
5. If it swells, ride it!
6. Honest officer, I was just helping this sheep get over the fence.
# 4 for sure! I'm catching up with The Office. Currently in the middle of season 4

Btw: I don't see signatures. Turned off as well as avatars to minimize scrolling. One day I will make an AJAX solution that checks this thread and updates automatically when there is a new message (a bit like open book from eToro).
  • #477,343
  • Jun 30, 2011 5:16pm Jun 30, 2011 5:16pm
Quoting cloggie
If it was only as simple as looking at a 100 bar M5, you need to put in a lot more work then that, some of these numbers go back 10 years. I will give you one hint, the 53 was a fib. Now go back at least a couple of years and see what that 53 does.
Thank you! I will!

Also, was I close on my interpretation of the trigger and targets, or are those also numbers from long before, and not derived from the chart I posted?
  • #477,344
  • Jun 30, 2011 5:18pm Jun 30, 2011 5:18pm
Quoting scottymoll
Thank you! I will!

Also, was I close on my interpretation of the trigger and targets, or are those also numbers from long before, and not derived from the chart I posted?

They were not from your chart. Start of with a line chart, zoom the bugger out as far as she goes, toggle between the TF's you got on MT4, which are crap BTW, and see what you can find. Find every historical rejection of 53, coming of a retrace and see what happened the last time, find the triggers that confirmed the moves and see how they respond this time. Then classify them as to major and minors and keep them to the side of your keyboard. You should find 53 as a major and the same with 26 here.
  • #477,345
  • Jun 30, 2011 5:19pm Jun 30, 2011 5:19pm
Quoting cloggie
Do this long enough and you will get close.

Called the top to the pip exactly last night, the bottom within 2 pips earlier today and tonights top within 10
hmm, yeah i don't do bad on calls, but trade and emotion management is a bit different, well when i'm upto a couple of hundred grand equity, risking a fraction of a percent i'm sure it'll be different, still learning atm, only been full time forex for two years now with two years part time share trading before that...
  • #477,346
  • Jun 30, 2011 5:19pm Jun 30, 2011 5:19pm
Quoting attila
Look to your left and tell me what happened at 53.
I do see other areas where price reacted well off of the 53 level. Thanks for the hint. Are any of your numbers derived from recent price action, or is everything from a longer historical standpoint?
  • #477,347
  • Jun 30, 2011 5:21pm Jun 30, 2011 5:21pm
Quoting cloggie
They were not from your chart. Start of with a line chart, zoom the bugger out as far as she goes, toggle between the TF's you got on MT4, which are crap BTW, and see what you can find. Find every historical rejection of 53, coming of a retrace and see what happened the last time, find the triggers that confirmed the moves and see how they respond this time. Then classify them as to major and minors and keep them to the side of your keyboard. You should find 53 as a major and the same with 26 here.
Awesome! I really appreciate the earnest response!
  • #477,348
  • Jun 30, 2011 5:21pm Jun 30, 2011 5:21pm
Quoting Magix
A time for some suggestions...

1. I'd rather have a bottle in front of me than a frontal lobotomy...
2. If you're going to continue to ride my ass, you could at least pull my hair...
3. I might have a drinking problem, 2 hands and only 1 mouth...
4. That's what she said...
5. If it swells, ride it!
6. Honest officer, I was just helping this sheep get over the fence.

___________________________________
Uncle Kermit, is this how the Muppets *really* got started?
Well, it's sort of approximately how it happened.
  • #477,349
  • Jun 30, 2011 5:22pm Jun 30, 2011 5:22pm
Quoting rattyo
trading my normal 1hr charts but using a 1 minute chart to get in on
finding much tighter SLīs and have made a lot more over 9 weeks
more trades

experimenting with this
good stuff, i just find that the faster charts suit my personality better, short attention span & need action...
  • #477,350
  • Jun 30, 2011 5:23pm Jun 30, 2011 5:23pm
Quoting rattyo
trading my normal 1hr charts but using a 1 minute chart to get in on
finding much tighter SLīs and have made a lot more over 9 weeks
more trades

experimenting with this
...should work well...esp with nailing the scalps...i use the 4x4x4...[M15, H1, h4]...keep the SL's tight...let the positions ride, if its hyper active i keep the trails tight as well atleast till BE...and maybe alittle over...then its up to PA...gives you lots of trades[scalps] while keeping a large one on the bigger TFs.
Guard your pips jelously
  • #477,351
  • Jun 30, 2011 5:24pm Jun 30, 2011 5:24pm
Quoting FibbinArchie
hmm, yeah i don't do bad on calls, but trade and emotion management is a bit different, well when i'm upto a couple of hundred grand equity, risking a fraction of a percent i'm sure it'll be different, still learning atm, only been full time forex for two years now with two years part time share trading before that...

Being an emotionless bastard of a trader is something that will come with time, 2 years is only scratching the surface. The thing with larger accounts is that you will actually not risk as often on could be trades as it took you either a long time to get to that balance or you had to sacrifice a lot in life to start of with that balance. I generally only trade the very high probable trades, the ones that are very unlikely to fail. If you have seen my trading for long enough you will notice I always ignore the first few pips and only get in when a move is 100% confirmed, only a FA hiccup gets me stopped out. The biggest key for the first 5 years or so is to just stick with the trend, ignore the counters.
  • #477,352
  • Jun 30, 2011 5:24pm Jun 30, 2011 5:24pm
Quoting scottymoll
Awesome! I really appreciate the earnest response!

Dude, you asked a good question, so the least I could do was take the time and answer it in earnest. I just don't want you to go away from today thinking that a 100 bar M5 has all the answers, you really need to research the bigger picture. History repeats itself over and over again, especially in trading as that is all we have. We are all looking at the same chart, some of us just know that bit more by just looking at what has happened before in greater detail.
  • #477,353
  • Jun 30, 2011 5:25pm Jun 30, 2011 5:25pm
Quoting USD-Bear
isn't the underline standard for everyone with no signature?
Why not find a good one?

  • #477,354
  • Jun 30, 2011 5:26pm Jun 30, 2011 5:26pm
Quoting FibbinArchie
good stuff, i just find that the faster charts suit my personality better, short attention span & need action...
I need to follow trend so need to use 4h and 1h first. Then positioning can be done with fast charts.

Not looking @ 1h and 4h can get you cought in the next leg...
  • #477,355
  • Jun 30, 2011 5:26pm Jun 30, 2011 5:26pm
pulling back into previous wave range, not 100% about this south break now...
  • #477,356
  • Jun 30, 2011 5:27pm Jun 30, 2011 5:27pm
Quoting cloggie
They were not from your chart. Start of with a line chart, zoom the bugger out as far as she goes, toggle between the TF's you got on MT4, which are crap BTW, and see what you can find. Find every historical rejection of 53, coming of a retrace and see what happened the last time, find the triggers that confirmed the moves and see how they respond this time. Then classify them as to major and minors and keep them to the side of your keyboard. You should find 53 as a major and the same with 26 here.

Hehe, I recieved 4 PMs on how I saw 55 or how cloggie saw 50 yesterday... You have some serious amount of followers, are you having a tutorial or is it off?
  • #477,357
  • Jun 30, 2011 5:29pm Jun 30, 2011 5:29pm
Quoting Mr. Aldi
I need to follow trend so need to use 4h and 1h first. Then positioning can be done with fast charts.

Not looking @ 1h and 4h can get you cought in the next leg...
yeah, that's not to say that i'm not regularly referring to higher time frame charts, i have a forecast set up h1 and h4 (even daily and weekly) and a trigger set up m1 and m5...
  • #477,358
  • Jun 30, 2011 5:30pm Jun 30, 2011 5:30pm
Morning all...
my sell limit 1.4540 didnt reached....top 1.4535.....
orz....damn....
Patience, Emotion Control and Discipline.
  • #477,359
  • Jun 30, 2011 5:32pm Jun 30, 2011 5:32pm
Quoting scottymoll
I do see other areas where price reacted well off of the 53 level. Thanks for the hint. Are any of your numbers derived from recent price action, or is everything from a longer historical standpoint?
My numbers come from historical data as well, but I'm sure my calculations are different than cloggie's. They do come close at times though. He had 53, I had 60 although when you look at an m5 chart the diff. can make all the difference.
  • #477,360
  • Jun 30, 2011 5:32pm Jun 30, 2011 5:32pm
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those who can, do. those who cant, talk about those who can
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