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A Million ways to make Money!

  • #61
  • Jun 23, 2011 7:27am Jun 23, 2011 7:27am
Quoting CrucialPoint
This is the current GBP/USD chart (live hourly chart, right this minute)...

I just created a ridiculous boundary.... being creative, I chose a star based on thin air.... this is future trading you have been waiting to see.... Live call....

You will see where it will profit....

No analysis what-so-ever and just follow the boundary rules. Enjoy

Attachment

CP.. are you married?

your wife be like "I love you"

and your response would be something like..

"and you are to me what a bird is to a telephone wire"


ROFL just messing with you..
  • #62
  • Jun 23, 2011 8:22pm Jun 23, 2011 8:22pm
Quoting CrucialPoint
This is the current GBP/USD chart (live hourly chart, right this minute)...

I just created a ridiculous boundary.... being creative, I chose a star based on thin air.... this is future trading you have been waiting to see.... Live call....

You will see where it will profit....

No analysis what-so-ever and just follow the boundary rules. Enjoy

Attachment


Dear CP.....went thru your journal exratcts. Getting a print right now. It is not easy for someone to take time out and compose these inputs and logically too ! it must have taken you a lot of time to write all those pearls of wisdom ....so this is to thank you from the bottom of my heart for sharing your experiences. It is only when the bigger picture is clear.... can an artist draw the finer details. There are many who write their views....but seldom with such clarity and purpose as yours.....well done and again a big thanx ....I do have a couple of queries and if not "self resolved" will post on this forum.
Take care and God Bless
Chanu
  • #63
  • Jun 25, 2011 9:58am Jun 25, 2011 9:58am
Quoting Pipalicious


Question:

Wouldnt focusing on the open be arbitrary and dependant on the brokers feed?
No. You missed the point am trying to make. CP said and I quote: "95% of the time, price will close above/below its opening price".

Now, if it will close above, how do you know and vice versa. This is what I mean by how to "know" or "position" yourself in this direction....i.e. if you "know".
  • #64
  • Jun 25, 2011 11:36am Jun 25, 2011 11:36am
Quoting hefhem911
No. You missed the point am trying to make. CP said and I quote: "95% of the time, price will close above/below its opening price".

Now, if it will close above, how do you know and vice versa. This is what I mean by how to "know" or "position" yourself in this direction....i.e. if you "know".
I think CP was trying to emphasize price movement. Then by PA get the direction.

For price to open and close in the same position would make a doji. 1M, 5m, daily, weekly chart. What I think is intriguing is that the frequency of a doji on a daily or weekly chart is probably about the same as on a 5m. A chart is a chart and a doji on the end of a long trend means the same regardless of the time frame.

Another thing I have been thinking about is price in relation to time. A doji on a 15m chart could look like an engulfing in either direction on a 5m.

Also in relation to time....could you imagine what a chart could look like if a brokers feed was off only 4 minutes. Dojis could disappear. So I like to think of price as a constantly moving entity. Even while the markets are closed because of political and social issues. Orders being placed or taken off. So we get gaps.

I guess to some up all this blabber...To me....a candle is an arbitrary slice of time indicating movement or lack thereof. What the next arbitrary slice of time does may indicate the action I need to take.

PA never stops to conclude a candle.


Some random thoughts

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #65
  • Jun 30, 2011 7:47am Jun 30, 2011 7:47am


IMPORTANT NOTE:
I'm not selling anything here, nor promoting any products or endorsement of anyone or any business.
* I will never trade anyone's money or manage accounts
* I will never have other accounts from other forums
* I will never sell trading signals/service to anyone
* I will never sell my trading system to anyone
* I will never write or publish a book
* I will never open a chat-room
Anyone who proclaims to be CrucialPoint or the least to state s/he is CrucialPoint, is NOT ME.
DO NOT GET SCAMMED.


So... what ever happened to our Mystic star boundary!?

Attached Image (click to enlarge)
Click to Enlarge Name: 1.gbp.png Size: 56 KB



Seriously... This has to be
The Most Retarded...
The Most F*cked up...
Trend Line you will ever see!!!
Yet, it captured 150 pips of selling
I call it the: "RF TL"
(Retarded & F*cked up TL)
Attached Image (click to enlarge)
Click to Enlarge Name: 2.RF trendline.png Size: 87 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 3.result.png Size: 66 KB




F*ck me in the worst possible position,
but I still don't believe it...
No F*cking Way!!!
this ridiculous star can put all the Wall Street Pro's to shame!!!
Attached Image (click to enlarge)
Click to Enlarge Name: 4.results 2.png Size: 70 KB




Super Duper Technical Analysis
Created out of thin Air!!!
Attached Image (click to enlarge)
Click to Enlarge Name: 5.Super Duper.png Size: 92 KB

  • #66
  • Jun 30, 2011 7:51am Jun 30, 2011 7:51am
Quoting CrucialPoint
[center]
IMPORTANT NOTE:
I'm not selling anything here, nor promoting any products or endorsement of anyone or any business.
[size=1][color=Navy] * I will never trade anyone's money or manage accounts
* I will never have other accounts from other forums
* I will never sell trading signals/service to anyone
* I will never sell my trading system to anyone
* I will never write or publish a book
* I will never...
yo how much.. I'll pay you atleast $200 out of pocket for that system.. please start a website to sell that junk!!!
  • #67
  • Jun 30, 2011 4:10pm Jun 30, 2011 4:10pm
the star wouldn't have captured a thing for someone who didn't fluke picking a top or bottom of any of the circled sections, or someone who happened to try and get in on those sections and managed to get themselves stopped out.

a vertical line on the same. you can say everything on the right of the line is a buy only zone. it's all the same crap. entries and exits is the problem once people stop churning it both ways losing the spread a million times for nothing.
Congratulations ScalaFX for coming out of the closet!
  • #68
  • Jun 30, 2011 9:42pm Jun 30, 2011 9:42pm
Quoting hefhem911
No. You missed the point am trying to make. CP said and I quote: "95% of the time, price will close above/below its opening price".


Now, if it will close above, how do you know and vice versa. This is what I mean by how to "know" or "position" yourself in this direction....i.e. if you "know".
Hi hefhem911

I think a trader cannot 'know' what will happen ahead of time, however, they can try to 'position' their account for high potential gains over time using low risk entries. Here is an example that I ran into just this week. I went long at the open of the week (SL 25 - 30 pips) because of the gap as well as a strong positive buy swap AND also because the price was 'above the weekly open' (as well as the weekly AO being above zero). Also notice that the daily AO is 'blue' even though it is on the sell side of the AO). At the entry it looked to me that there was a strong enough confluence of 'indicators' as to take an entry position with a low risk to my account. As you can see at this point (the end of the week candle is approaching) the candle is poised to end 'above' the open and yet without 'knowing the conclusion' a trade was entered with a low risk to account using a strong confluence of 'indicators' including the possibility that the weekly candle could end 'long' (in this case 'above the open' because the weekly candle was blue at the trade entry). ie. a low risk entry using 'indicators' which include the fact that price was above the open on the weekly candle when the trade was taken.

Attached Image (click to enlarge)
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Dan
  • #69
  • Jun 30, 2011 10:26pm Jun 30, 2011 10:26pm
Shortly after I posted this I was asked by PM how to know swap ahead of time.

Here is a quick lesson on how to find it in MT4 the platform I use. There is also an indicator on the forum called spread_swap as well as many other ways to find the info on the web.

Attached Image (click to enlarge)
Click to Enlarge Name: mt4 swap.jpg Size: 293 KB


  • #70
  • Jul 1, 2011 6:30am Jul 1, 2011 6:30am
Quoting andante9
Shortly after I posted this I was asked by PM how to know swap ahead of time.

Here is a quick lesson on how to find it in MT4 the platform I use. There is also an indicator on the forum called spread_swap as well as many other ways to find the info on the web.

Attachment

nice trade you took.. talk about risk to reward.. rinse wash repeat
  • #71
  • Jul 1, 2011 8:09am Jul 1, 2011 8:09am
Hi CP,

I had 2 year experiences in stock market and collapsed before I've been trading in FX (almost 2 years in FX).

I always trade more than 15 hours a day (average of 17 hours a day). Since I read your trading journal, I attempt to solve your puzzle. I never give up.

Finally, I found something. By just moving a line every time I find a new top, I will see a sweet spot to sell when the prices never pass through the line again. And inversely for buy.

I implement the buy strategy for exit from sell, and inversely. It really doesn't need history or indicator at all.

I come from Indonesia, apologize me because of my poor English. That's why I don't become an active member in this forum.

Thank you very much.


Quoting CrucialPoint
[center]
IMPORTANT NOTE:
I'm not selling anything here, nor promoting any products or endorsement of anyone or any business.
[size=1][color=Navy] * I will never trade anyone's money or manage accounts
* I will never have other accounts from other forums
* I will never sell trading signals/service to anyone
* I will never sell my trading system to anyone
* I will never write or publish a book
* I will never open...
  • #72
  • Jul 1, 2011 10:08am Jul 1, 2011 10:08am
Quoting 100m
Hi CP,

I had 2 year experiences in stock market and collapsed before I've been trading in FX (almost 2 years in FX).

I always trade more than 15 hours a day (average of 17 hours a day). Since I read your trading journal, I attempt to solve your puzzle. I never give up.

Finally, I found something. By just moving a line every time I find a new top, I will see a sweet spot to sell when the prices never pass through the line again. And inversely for buy.

I implement the buy strategy for exit from sell, and inversely. It really doesn't need...
Interesting stuff.. definitively like the ideas that don't need history and/or indicators
  • #73
  • Jul 1, 2011 10:15pm Jul 1, 2011 10:15pm
Quoting 100m
Hi CP,

I had 2 year experiences in stock market and collapsed before I've been trading in FX (almost 2 years in FX).

I always trade more than 15 hours a day (average of 17 hours a day). Since I read your trading journal, I attempt to solve your puzzle. I never give up.

Finally, I found something. By just moving a line every time I find a new top, I will see a sweet spot to sell when the prices never pass through the line again. And inversely for buy.

I implement the buy strategy for exit from sell, and inversely. It really doesn't need history...
Doesn't by moving a line everytime find a new top also refer to as watching the history. Watching the history of new tops or bottoms
  • #74
  • Jul 1, 2011 10:36pm Jul 1, 2011 10:36pm
Not such as that...

Whatever the chart type you use, candlestick or not (I just use a line chart), open a chart, see at the very last point, when a higher high/lower low appears, put a horizontal line at its top/bottom.

After that when a new higher high/lower low appears again, move your line at its top/bottom. Do it again and again until the prices never pass through the line anymore. You will see the spot.

Will you tell this method is history based method?

(Sorry for my poor English)

Quoting scorcorn8
Doesn't by moving a line everytime find a new top also refer to as watching the history. Watching the history of new tops or bottoms
  • #75
  • Jul 1, 2011 10:52pm Jul 1, 2011 10:52pm
This an example chart of EUR/USD on 5 seconds TF. Please get more your own experiences.

As CP said, I just use the SMA as an objective view of the price average within its calculations.

Surely, I can trade without SMA.
Attached Image (click to enlarge)
Click to Enlarge Name: Snap9.jpg Size: 141 KB
  • #76
  • Jul 1, 2011 10:54pm Jul 1, 2011 10:54pm
Quoting 100m
Not such as that...

Whatever the chart type you use, candlestick or not (I just use a line chart), open a chart, see at the very last point, when a higher high/lower low appears, put a horizontal line at its top/bottom.

After that when a new higher high/lower low appears again, move your line at its top/bottom. Do it again and again until the prices never pass through the line anymore. You will see the spot.

Will you tell this method is history based method?

(Sorry for my poor English)
to some degree yes to some degree no.. its not worth the 20 pages of debate that usually happens in FF

whats important is this is an interesting method..

however I do fear I would end up seeing its below the recent high and shorting only to see it make a new high.. to me this is counter trend trading until the trend changes but then when trend changes you repeat the process following the bottoms (mainly because its hard to define when price "never" cross above again.. you would have to wait indefinitely to see if it never goes higher)

but thats being overly strict about what your saying.. I understand to some degree.. however I'd probably confuse myself and end up counter trend trading

Hmm...
  • #77
  • Jul 1, 2011 11:05pm Jul 1, 2011 11:05pm
Here is my chart of EUR/USD.. I'll explain my problem

pretending I can only see up to green line...

my high is marked at blue horizontal

the entire time I am shorting

but the trend as most know is UP for the EUR/USD



so its an interesting method.. but maybe I'm not seeing what your seeing.. because at the same time I could be doing this with a bottom... hmm
Attached Image (click to enlarge)
Click to Enlarge Name: hmm.jpg Size: 190 KB
  • #78
  • Jul 1, 2011 11:15pm Jul 1, 2011 11:15pm
Yes, this is a debatable method

What will you see if your line is crossed by the prices again and again?

There are just 2 zone, buy zone and sell zone. The Area above the line is buy zone and below the line is sell zone.


Quoting newyear498
to some degree yes to some degree no.. its not worth the 20 pages of debate that usually happens in FF

whats important is this is an interesting method..

however I do fear I would end up seeing its below the recent high and shorting only to see it make a new high.. to me this is counter trend trading until the trend changes but then when trend changes you repeat the process following the bottoms (mainly because its hard to define when price "never" cross above again.. you would have to wait indefinitely to see if it never goes higher)

but...
  • #79
  • Jul 1, 2011 11:27pm Jul 1, 2011 11:27pm
Quoting 100m
Yes, this is a debatable method

What will you see if your line is crossed by the prices again and again?

There are just 2 zone, buy zone and sell zone. The Area above the line is buy zone and below the line is sell zone.


and that sums it up perfectly.. Appreciate your inputs!

you should also note that your English is actually very good.. hard to notice if you never mentioned it
  • #80
  • Jul 1, 2011 11:48pm Jul 1, 2011 11:48pm
I am a good writer in bahasa Indonesia but I really get confused when I have to write in English, I really get loss my idea to write.


Quoting newyear498


and that sums it up perfectly.. Appreciate your inputs!

you should also note that your English is actually very good.. hard to notice if you never mentioned it
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