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  • #161
  • Jul 6, 2011 8:30am Jul 6, 2011 8:30am
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  • #162
  • Jul 6, 2011 8:31am Jul 6, 2011 8:31am
Quoting duffy
My post was sent before I read what you posted.

I was making the comment in relation (among other things stated) to indicators as we had an earlier chart posted with so many lines on it my head hurt and now charts are appearing with Andrew's pitchfork on them.

Porfirio, please start a new thread if you want to explain your charts and trading style using the pitchfork.

Let's respect forexhard and his method and in so doing keep the charts clear of indicators unless he tells us to add any.

I want this thread to continue.


Di
+1
  • #163
  • Jul 6, 2011 8:36am Jul 6, 2011 8:36am
NZD/USD long. The box is approx. 15 pips. CZ in the lower part of this weeks range, see if it goes all the way up or not.
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  • #164
  • Jul 6, 2011 8:37am Jul 6, 2011 8:37am
Quoting duffy
My post was sent before I read what you posted.

I was making the comment in relation (among other things stated) to indicators as we had an earlier chart posted with so many lines on it my head hurt and now charts are appearing with Andrew's pitchfork on them.

Porfirio, please start a new thread if you want to explain your charts and trading style using the pitchfork.

Let's respect forexhard and his method and in so doing keep the charts clear of indicators unless he tells us to add any.

I want this thread to continue.



Di
Duffy,

All right, one of these "posts collisions" that happens from time to time....
That's why i always use the "Quote" function, to make sure about what i am talking about.


Sq
  • #165
  • Jul 6, 2011 9:03am Jul 6, 2011 9:03am
Quoting the-game
Have I done this right?

I've placed my buy stop at 1.60200 SL 30 pips / TP 30 pips

EDIT: Has been triggered, but I will be happy when it triggers FXreds 1.6030 buy stop as it is currently trying to break that level.

Unfortunate that I have to get some sleep now...
Im looking at the same thing
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  • #166
  • Jul 6, 2011 9:21am Jul 6, 2011 9:21am
Defenitely worth trying watched it for the last couple of days and I likey
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  • #167
  • Jul 6, 2011 9:27am Jul 6, 2011 9:27am
Looks like the short off the box earlier is working out ok
Attached Image
  • #168
  • Jul 6, 2011 9:32am Jul 6, 2011 9:32am
Guess the market showed us who's the boss. It didn't pay the slightest bit of attention to those who predeternined a long trade.

Years ago I read this, it has stuck with me ever since. "The market has spoken. Were you listening?"

The thing I just love about this method is you don't have to think, you need to look................has the market broken up or down?

to quote forexhard, "This method is so simple it's hard."



Di
  • #169
  • Jul 6, 2011 9:42am Jul 6, 2011 9:42am
Duffy, absolutely correct.

One thing I would say however is that I was not trying to 'predetermine' a long trade, have been at this long enough to know that the market does not give a toss about my opinion, only expressed my personal view that given where the market was I was only interested in considering trading to the long side form that point.

As for the fact I missed this down move, no problem, I am more than happy to sit on my hands and wait for the next one, those CZ keep coming along.

Best Regards.


Quoting duffy
Guess the market showed us who's the boss. It didn't pay the slightest bit of attention to those who predeternined a long trade.

Years ago I read this, it has stuck with me ever since. "The market has spoken. Were you listening?"

The thing I just love about this method is you don't have to think, you need to look................has the market broken up or down?

to quote forexhard, "This method is so simple it's hard."



Di
  • #170
  • Jul 6, 2011 9:59am Jul 6, 2011 9:59am
Quoting FXreds
Looks like the short off the box earlier is working out ok
Yup. Trade closed with +39 pips so not bad. See how another will go
  • #171
  • Jul 6, 2011 10:39am Jul 6, 2011 10:39am
@ Squalou: Thx for the vouch. It really means a lot coming from you. And your indi is a fantastic addition to the thread. Even though it's just a prototype, it's design clearly shows that you understand my way of thinking. But it's missing a couple of mods that would make it a perfectly complete centerpiece. Pls PM me when you have the time so we can discuss the finishing touches in private. Thx!

To FXreds, Duffy, porfirio, etc.: You guys suck! Because of you dweebs I'm over the ten page mark. Now I own a real live bonafide thread here at the FF. Do you realize how respectable this is going to make me look? I'm up to 5 vouchers already! I might actually have to come up with some sage trading advice from now on thanks to you newbies! So thanks for nothing!
To improve is to change. To perfect, is to change often.
  • #172
  • Jul 6, 2011 10:45am Jul 6, 2011 10:45am
Quoting porfirio
for the study of my posts I use the fork andrews....
I know you mean well and that you're only trying to help. But one of the most important points that I'm trying to make with this thread is that so-called predictive indicators are completely unnecessary.

FH
To improve is to change. To perfect, is to change often.
  • #173
  • Jul 6, 2011 11:03am Jul 6, 2011 11:03am
I am playing with Squalou indi and looks interesting (thx. Sq), I think this settings looks quite accurate on GBP/USD 15M.

2, 110, 30.
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  • #174
  • Jul 6, 2011 11:05am Jul 6, 2011 11:05am
Let's break this down...

~The attached pic shows a Short breakout that several of you were expecting to break Long instead.

~Your expectation was based on prior price action from hours, or even days, before.

~Your assumption would have been correct had you been following one of the other systems found here at the FF.

~And you would have lost 40 or 50 pips.

~And no doubt you would be feverishly trying to recalibrate your entire system, because after all it was a "false breakout" (what is a real one, btw?)

But is that really the problem? Is it the price's fault that you just lost $500? Really???

What have we learned from this excercise?
Attached Image
To improve is to change. To perfect, is to change often.
  • #175
  • Jul 6, 2011 11:08am Jul 6, 2011 11:08am
Trade what u see - not what u think!
  • #176
  • Jul 6, 2011 11:17am Jul 6, 2011 11:17am
Quoting Ph22
Trade what u see - not what u think!

Exactly, there was no breakout from the top.
  • #177
  • Jul 6, 2011 11:17am Jul 6, 2011 11:17am
Ok, I think we have another possible trade here (do you agree, or maybe something is wrong with my way of thinking?):
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  • #178
  • Jul 6, 2011 11:26am Jul 6, 2011 11:26am
Quoting Songo
Ok, I think we have another possible trade here (do you agree, or maybe something is wrong with my way of thinking?):
This is the UN-learning stage. You methodology is backwards. Do not ask yourself if there is a possible trade. Instead, ask yourself if there is a confirmed strong consolidation in your future.

See the difference?

The trades will come. We know this. We don't have to guess. We are 100% positive the trade WILL COME... after a time of strong consolidation.

So find the perfect consolidation and your trades are guaranteed.

Look for the trade first and I guarantee nothing but continual heartbreak.

FH
To improve is to change. To perfect, is to change often.
  • #179
  • Jul 6, 2011 11:31am Jul 6, 2011 11:31am
Quoting forexhard
This is the UN-learning stage. You methodology is backwards. Do not ask yourself if there is a possible trade. Instead, ask yourself if there is a confirmed strong consolidation in your future.

See the difference?

The trades will come. We know this. We don't have to guess. We are 100% positive the trade WILL COME... after a time of strong consolidation.

So find the perfect consolidation and your trades are guaranteed.

Look for the trade first and I guarantee nothing but continual heartbreak.

FH
Thanks for advice. Well I guess that I have to work on my attitude little bit more
  • #180
  • Jul 6, 2011 11:45am Jul 6, 2011 11:45am
Quoting Songo
Thanks for advice. Well I guess that I have to work on my attitude little bit more
@Songo: It's a small change that gives huge results. But it just so happens to go against pretty much every other trading philosophy in every other thread here at the FF. So don't feel bad if ti takes a little while for it to sink in.

Everyone else: When I reply to someone, please realize I am replying not only to them, but to the rest of you as well. So in my mind my messages are being read by at least 200 people within hours of being posted. So I pick and choose which postings to reply to in order to give back to the thread the best possible guidance. So this means 2 things: First, that I will not reply to every single post. And second, when I do reply, don't take it personally if I come off too strong for your taste. The answer is not for you alone.

But I must say how pleased I am with how smoothly the thread has been progessing, and how helpful everyone has been. I can only hope it stays that way. I don't like threatening people, and I'd hate to use my ban powers.

Keep the questions, pics, and comments coming!

FH
To improve is to change. To perfect, is to change often.
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