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  • #477,361
  • Jun 30, 2011 5:33pm Jun 30, 2011 5:33pm
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. My numbers and levels are well researched and documented and not just pulled out of a simple M5. All of them have had significant airtime before with exactly the same reaction to them.
Based on what you say, there is no way any one can learn to trade your method. The trader will always be dependent on you for the basic ingredient, the numbers and levels.

So it may very well be deduced that every one here is a muppet and will remain a muppet forever.

TF
  • #477,362
  • Jun 30, 2011 5:33pm Jun 30, 2011 5:33pm
Quoting Larseg
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?

I will never start a tutorial or teaching thread, that will just take way too much time on my part. I am still helping out a few selected individuals privately, but even with them I work on their system and strategy and will not teach or show them something new. Any system can be profitable, it just depend on the trader.

My levels can be scarily accurate at times, rarely am I out by more then 10 pips and I usually nail them to the pip. That is not something you can pick up here or anywhere else, that is just something that takes serious time, 10,000 hours of screen time will not even come close.

This is just about the hardest business to learn, especially spot, but once you do get it, it is amazing. I will trade till the day I die, even though I am already comfortable in my life, I still spend 12 hours a day behind the screens. There is just something about outsmarting all the other 1,000's of traders looking at the same charts, especially with these instruments, as they cover pairs and are extremely liquid.
  • #477,363
  • Jun 30, 2011 5:35pm Jun 30, 2011 5:35pm
Quoting TradeForexFx
Based on what you say, there is no way any one can learn to trade your method. The trader will always be dependent on you for the basic ingredient, the numbers and levels.

So it may very well be deduced that every one here is a muppet and will remain a muppet forever.

TF

No you got that wrong, I just read the same chart as you. I have just learned to read what I need to read. Anyone can do that, with some serious time and dedication. This is not rocketscience, I keep saying that over and over again.

We are all looking at the same data, I just know how to read it. If I can do that, anyone can.
  • #477,364
  • Jun 30, 2011 5:36pm Jun 30, 2011 5:36pm
Quoting cloggie
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...
yeah i am learning that, and have been following your posts, need to learn to allow it to follow through, i got stung a few times trading breakouts, so developed an aversion to it, trying to get past that aversion now, since i'm more experienced with pa, i can now better asses the likelihood of a false vs a genuine break..

been putting in 16 hours most days over the past two years, probably up to around 5000 hours chart time now...

also i'm better now at bailing on a bad entry, rather than just acting like a rabbit caught in the head lights...
  • #477,365
  • Jun 30, 2011 5:36pm Jun 30, 2011 5:36pm
Quoting FibbinArchie
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...
Perfect :-) When you exit on the m1 or m5, maybe you do a good job, but when you look on the h1 or h4 it may be a bad exit. With exit it also matters whether you are willing to ride it a bit longer.

But I don't have to tell you anything. Of course riding the profit can also easily make you loose it if you don't keep monitoring the lower TF.
  • #477,366
  • Jun 30, 2011 5:41pm Jun 30, 2011 5:41pm
Quoting Mr. Aldi
Perfect :-) When you exit on the m1 or m5, maybe you do a good job, but when you look on the h1 or h4 it may be a bad exit. With exit it also matters whether you are willing to ride it a bit longer.

But I don't have to tell you anything. Of course riding the profit can also easily make you loose it if you don't keep monitoring the lower TF.
yeah agreed, hate to think of the number of times i've allowed a juicy profit to dwindle back to break even or worse, momentum is the key...
  • #477,367
  • Jun 30, 2011 5:41pm Jun 30, 2011 5:41pm
Quoting FibbinArchie
yeah i am learning that, and have been following your posts, need to learn to allow it to follow through, i got stung a few times trading breakouts, so developed an aversion to it, trying to get past that aversion now, since i'm more experienced with pa, i can now better asses the likelihood of a false vs a genuine break..

been putting in 16 hours most days over the past two years, probably up to around 5000 hours chart time now...

also i'm better now at bailing on a bad entry, rather than just acting like a rabbit caught in the head lights...

It is all about trying to figure out what the herd is looking at, what do the big boys see, what do they respond to and why. MT4 has 1,000's of indicators, bells and whistles that none of the traders that really matter have.

You are more of a PA trader, that is a great start. Breakouts are very powerful, I mentioned bo trades a few times today, it keeps you out of the mess and you only enter in the right direction, the problem as you mentioned is the fake 'n shake, I discussed one today around the 79 mark for 95, have a look again.
  • #477,368
  • Jun 30, 2011 5:41pm Jun 30, 2011 5:41pm
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?
One more point here. I don't really look at charts when I run the numbers. The data is all loaded in a huge data warehouse. Somebody wanted some numbers... If you look at this, it shows a small database entry. This is how I see the data...


http://www.forexfactory.com/showthre...98#post4722198
  • #477,369
  • Jun 30, 2011 5:41pm Jun 30, 2011 5:41pm
Quoting gatorinla
?
http://www.youtube.com/watch?v=-BXDulx1leI
always good to have a target to the downside and one to the upside, isnt it?

gn8 bros, catch ya later
Hero calls followed by margin calls...
  • #477,370
  • Jun 30, 2011 5:42pm Jun 30, 2011 5:42pm
Quoting cloggie
No you got that wrong, I just read the same chart as you. I have just learned to read what I need to read. Anyone can do that, with some serious time and dedication. This is not rocketscience, I keep saying that over and over again.

We are all looking at the same data, I just know how to read it. If I can do that, anyone can.

Thanks for your response.

On a side note, I was expecting a flare up from you. Apparently you are in a good mood today.
  • #477,371
  • Jun 30, 2011 5:43pm Jun 30, 2011 5:43pm
Quoting cloggie
I will never start a tutorial or teaching thread, that will just take way too much time on my part. I am still helping out a few selected individuals privately, but even with them I work on their system and strategy and will not teach or show them something new. Any system can be profitable, it just depend on the trader.

My levels can be scarily accurate at times, rarely am I out by more then 10 pips and I usually nail them to the pip. That is not something you can pick up here or anywhere else, that is just something that takes serious time, 10,000...

Ok, I just remember you telling one person that even though the group was full he lived too far away anyways... Probably that private group then, my early sign of Alzheimer is working up.

Very true about spending time in front of the charts though, I think however the biggest shortcut is sticking to one type of trading and not swap around, listening to your brain can also be helpful (sounds funny but many relies on other analysis and not what they see them self).

Any reads on the Greece and EURUSD long term? +1 month
  • #477,372
  • Jun 30, 2011 5:45pm Jun 30, 2011 5:45pm
Quoting cloggie
It is all about trying to figure out what the herd is looking at, what do the big boys see, what do they respond to and why. MT4 has 1,000's of indicators, bells and whistles that none of the traders that really matter have.

You are more of a PA trader, that is a great start. Breakouts are very powerful, I mentioned bo trades a few times today, it keeps you out of the mess and you only enter in the right direction, the problem as you mentioned is the fake 'n shake, I discussed one today around the 79 mark for 95, have a look again.
yeah will do, cheers cloggster...
  • #477,373
  • Jun 30, 2011 5:46pm Jun 30, 2011 5:46pm
Quoting FibbinArchie
also i'm better now at bailing on a bad entry, rather than just acting like a rabbit caught in the head lights...
Something I struggled with as well. Something that really helped me was to try and ignore the money. Just make trades. Make good trades. Try to ignore balance, even though it's all over the place in our terminals...

I just want to make good trades. The account balance will increase with that as well, and I don't really need to see the profit in dollars until the end of the month where I can divy it up as needed to different non-risk accounts.

If I could turn all that crap off I would. Pips, dollars, it doesn't matter. I would love just seeing entry/exit.

If you can't beat emotion, find a way around it.

Cloggie also helped a lot with the if-then scenarios. How in the world I did not think of this originally, being that I am a programmer. My life revolves around logical workflow.
  • #477,374
  • Jun 30, 2011 5:47pm Jun 30, 2011 5:47pm
Quoting cloggie
the problem as you mentioned is the fake 'n shake
Sometimes this gives me a sick feeling in the stomach just by watching
  • #477,375
  • Jun 30, 2011 5:49pm Jun 30, 2011 5:49pm
Quoting Venice
Something I struggled with as well. Something that really helped me was to try and ignore the money. Just make trades. Make good trades. Try to ignore balance, even though it's all over the place in our terminals...

I just want to make good trades. The account balance will increase with that as well, and I don't really need to see the profit in dollars until the end of the month where I can divy it up as needed to different non-risk accounts.

If I could turn all that crap off I would. Pips, dollars, it doesn't matter. I would love just seeing...
getting to that stage where you can say, yeah that was actually a well managed trade, even though you may have taken a small loss on it..
  • #477,376
  • Jun 30, 2011 5:51pm Jun 30, 2011 5:51pm
Quoting Larseg
Any reads on the Greece and EURUSD long term? +1 month
Problems cleared for now. Summer time. So BO from triangle and after reaching target of bottom SHS (4600). I say around 1.5000 then.
  • #477,377
  • Jun 30, 2011 5:54pm Jun 30, 2011 5:54pm
Quoting Venice

Cloggie also helped a lot with the if-then scenarios. How in the world I did not think of this originally, being that I am a programmer. My life revolves around logical workflow.

If-then-ifs are very powerful, cause and effect. I have been going on about them for 2 years here. I have used various forms to illustrate it over time, but it is all a matter of seeing price progression, finding the trigger that WILL give you the target, then find the trigger that would negate the move and find the trigger that will continue it, that is where you can adjust your stops or use them to scale into a trade, scaling in is far more important then scaling out. Once you get the hang of it, finding tops and bottoms does become fairly easy, as the if-then-if fails to give you a higher level, there are just no more targets left, that's the time to either get out or trail your stop.

Look at the play by play today I did with a few to manage their long trades, I gave the trigger levels, told them where to move their stops to and kept telling them what to expect next. I then told everyone here that 26 was the end of it. I took a trade from 4353 all the way through 4426, very few, if any, had the guts to stay in it though.
  • #477,378
  • Jun 30, 2011 5:55pm Jun 30, 2011 5:55pm
Quoting cloggie
It is all about trying to figure out what the herd is looking at, what do the big boys see, what do they respond to and why. MT4 has 1,000's of indicators, bells and whistles that none of the traders that really matter have.

You are more of a PA trader, that is a great start. Breakouts are very powerful, I mentioned bo trades a few times today, it keeps you out of the mess and you only enter in the right direction, the problem as you mentioned is the fake 'n shake, I discussed one today around the 79 mark for 95, have a look again.
whats up man......
  • #477,379
  • Jun 30, 2011 5:56pm Jun 30, 2011 5:56pm
Quoting Mr. Aldi
Problems cleared for now. Summer time. So BO from triangle and after reaching target of bottom SHS (4600). I say around 1.5000 then.

I think the new regulations will have a really bad effect on Greece for many years, however, better before than not being able to fix it after...

Just wondering if we will see a hangover or not, traders have a short term memory so hard to say...

my 2 coins though,
  • #477,380
  • Jun 30, 2011 5:57pm Jun 30, 2011 5:57pm
Quoting fxjawn
whats up man......

My account balance.
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