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  • #486,301
  • Jul 11, 2011 9:47pm Jul 11, 2011 9:47pm
Quoting chazzle
long 939 looking to retest 969 sl 909
close 955
  • #486,302
  • Jul 11, 2011 9:47pm Jul 11, 2011 9:47pm
[quote=Magix;4770265]Mercy takes the time to post his numbers and charts...sadly, he sees things in a way that I don't understand, but I do agree, as long as their are gains come end of day, how ya got em, really don't matter...

I do advocate for people posting charts and trade ideas, for the simple reason that I like to see different thought processes...


I respect you even more.......I have to say this.......in past I have read many books on trading etc....as many of us have......but I was directed to one book by this fellow and I keep the book close by me at all times.......and I will share that knowledge....it is called Market Wizards........here is a link to purchase the book.....http://www.amazon.com/Market-Wizards.../dp/0887306101

As we have had our discussion here about how we see charts and we would like explanations etc as to how other people see charts........well I think that is a lot easier said then done......I remember reading one chapter in the above mention booked where a trader was telling a story of how a guy said to him.....hey why don't I just sit with you for a weekend and you can tell me what you know and how you see the markets and I can do what you can do............the response was........you mean you can learn everything I know in a weekend which took me 10 years to develop????? In that respect alone I do agree with Cloggie that screen time is the only true way to learn....and by trading an actual money account. That being said.........the couple of indicators that I use....plus my meager 3 years at this trading game (which allows me to do this full-time and support a wife and 2 kids modestly) - is something that would take more then a couple of chart posts and a few blah blah blah posts to communicate the way I see the market and why the price moves the way it does..........the best person in here that I have seen is GATOR............he mostly posts numbers and where price may move to....he has been wrong many times......but also right many times.......as for me I trade with a small account which forces me to be right 80% of time and I trade the futures (one contract one pip = 12.50....so you don't want to be wrong oftern as I trade 3 contract lots)........I put the pressure on myself...........so to end this long post......we are all unique and we all have our reasons.......wishing and hope will not do......you must develop your own thought process using all the tools at your disposal.

Price moves for a reason......remember that.......and one other thing to remember is that THERE IS NOT A BUYER FOR EVERY SELLER and vica I verse I...........may be hard to comprehend.......but when you do.....you will be in a better place.

Cheers.
I don't trust any move - when you have profit...take it.
  • #486,303
  • Jul 11, 2011 9:49pm Jul 11, 2011 9:49pm
Quoting kenfen69
Actually...just looked back...

It was 1.41 that he said had a 5% chance of being broken! What would that have made 1.40's odds?

http://www.forexfactory.com/showthre...49#post4766549

Can NEVER believe something to be true in this game. You'll get played.
his system is not that great at picking bottoms/tops... the idea behind his graph is that you buy below 50% and sell above 50%. the more you get to 1 or 0 the higher chances of it reversing... according to him
  • #486,304
  • Jul 11, 2011 9:50pm Jul 11, 2011 9:50pm
Hindsight is everything but when you take an objective look at the EURO, is this at all surprising?
  • #486,305
  • Jul 11, 2011 9:50pm Jul 11, 2011 9:50pm
Quoting Faller
As we have had our discussion here about how we see charts and we would like explanations etc as to how other people see charts........well I think that is a lot easier said then done......I remember reading one chapter in the above mention booked where a trader was telling a story of how a guy said to him.....hey why don't I just sit with you for a weekend and you can tell me what you know and how you see the markets and I can do what you can do............the response was........you mean you can learn everything I know in a weekend which took me 10 years to develop????? In that respect alone I do agree with Cloggie that screen time is the only true way to learn....and by trading an actual money account. That being said.........the couple of indicators that I use....plus my meager 3 years at this trading game (which allows me to do this full-time and support a wife and 2 kids modestly) - is something that would take more then a couple of chart posts and a few blah blah blah posts to communicate the way I see the market and why the price moves the way it does..........the best person in here that I have seen is GATOR............he mostly posts numbers and where price may move to....he has been wrong many times......but also right many times.......as for me I trade with a small account which forces me to be right 80% of time and I trade the futures (one contract one pip = 12.50....so you don't want to be wrong oftern as I trade 3 contract lots)........I put the pressure on myself...........so to end this long post......we are all unique and we all have our reasons.......wishing and hope will not do......you must develop your own thought process using all the tools at your disposal.
Mine eyes...they hurt! :nerd:
  • #486,306
  • Jul 11, 2011 9:51pm Jul 11, 2011 9:51pm
Quoting stulic
What a day... best Monday of my life!

post your trading platform results then.......
I don't trust any move - when you have profit...take it.
  • #486,307
  • Jul 11, 2011 9:52pm Jul 11, 2011 9:52pm
Quoting kenfen69
Mine eyes...they hurt! :nerd:
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #486,308
  • Jul 11, 2011 9:53pm Jul 11, 2011 9:53pm
Quoting Faller
post your trading platform results then.......
There is no benefit to this...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #486,309
  • Jul 11, 2011 9:53pm Jul 11, 2011 9:53pm
Quoting Magix
Wasn't USD-Bear, but I did post that question to him during summer session trading cable last year.....

My biggest issue with trendline traders, is that a lot of them, simply do not understand how to use them...that fancy little thing we see everyday, called a "BREAKOUT" is what we look to trade....that's where the money is, not sitting on your hands waiting to take a really bad position...

Just my dos centavos...
Well said....well said.....
I don't trust any move - when you have profit...take it.
  • #486,310
  • Jul 11, 2011 9:53pm Jul 11, 2011 9:53pm
Quoting Faller
Mercy takes the time to post his numbers and charts...sadly, he sees things in a way that I don't understand, but I do agree, as long as their are gains come end of day, how ya got em, really don't matter...

I do advocate for people posting charts and trade ideas, for the simple reason that I like to see different thought processes...

Price moves for a reason......remember that.......and one other thing to remember is that THERE IS NOT A BUYER FOR EVERY SELLER and vica I verse I...........may be hard to comprehend.......but when you do.....you will be in a better place.

Cheers.
if there is not a buyer for a seller.. where would the price be ?
  • #486,311
  • Jul 11, 2011 9:54pm Jul 11, 2011 9:54pm
Hoping this is just a wee pause before we continue... have sold 1 out, locked in some with SL at +40, but still eyeing that 386x region out there just over the horizon...
  • #486,312
  • Jul 11, 2011 9:57pm Jul 11, 2011 9:57pm
Quoting darimik
if there is not a buyer for a seller.. where would the price be ?

watch the DX futures........you will see buy and sell orders lined up in market depth.......but all of a sudden price move 10 pips.....and you saw the amount of buyers and sellers in the market depth but when you look at time and sales......the number of contracts the were bought and sold do not even come close to what the buy size and ask size were.....I see it over and over.......it is called a market maker.......they can move the price.
I don't trust any move - when you have profit...take it.
  • #486,313
  • Jul 11, 2011 9:59pm Jul 11, 2011 9:59pm
Quoting kenfen69
Mine eyes...they hurt! :nerd:

sorry
I don't trust any move - when you have profit...take it.
  • #486,314
  • Jul 11, 2011 9:59pm Jul 11, 2011 9:59pm
Quoting darimik
his system is not that great at picking bottoms/tops... the idea behind his graph is that you buy below 50% and sell above 50%. the more you get to 1 or 0 the higher chances of it reversing... according to him
Yes, I know.

It just goes to show, though... MY system tells me 5% chance of 1.41 today. I'm going long...and we weren't even that far out of his "middle" range at that point. Arggh...hard to put into words, but...

I even asked him to weigh up the fundies that were present...odds of black swan past my window? There is NO one answer that will fit every situation. I doubt he had his account wiped out...sure he used a stop on his trade, but when I hear 5% chance something won't be hit... I love the weight that gets put on the other 95%'s shoulders...

You hear that...95% chance we won't hit that!?!
  • #486,315
  • Jul 11, 2011 10:01pm Jul 11, 2011 10:01pm
Quoting pkimnyc
well, take a look at the daily candle we got on monday and ask yourself if you want to go long....

thanks pkinnyc..

well.... ofcourse... thats well known... it is well into downtrend ... and i know after asian sell off... it goes into retracement most of the time till the euro/sessions kick-in....

i m not calling a long ... dont go long because i suspect a retracement and i m not in a trade yet....

here's what i see on H1
Attached Image
  • #486,316
  • Jul 11, 2011 10:01pm Jul 11, 2011 10:01pm
Quoting Magix
There is no benefit to this...

really....why not.....I think that we should all post our charts......post our entries.....and then post our trading platform results so we know who is a bitch and who is for real......why not. It is real........I think there is a ton of benefit to this.....I think that it would eliminate 95% of the people here.
I don't trust any move - when you have profit...take it.
  • #486,317
  • Jul 11, 2011 10:03pm Jul 11, 2011 10:03pm
Quoting Faller
I think that it would eliminate 95% of the people here.
That's the problem.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #486,318
  • Jul 11, 2011 10:06pm Jul 11, 2011 10:06pm
Quoting Faller
Price moves for a reason......remember that.......and one other thing to remember is that THERE IS NOT A BUYER FOR EVERY SELLER and vica I verse I...........may be hard to comprehend.......but when you do.....you will be in a better place.
I understand that every price move occurs for a reason. However, I did not understand the second point (there is not a buyer for every seller). I thought it was like that (that there is a buyer for ever seller).

Could you elaborate on that point?

edit: Just saw the updated post at http://www.forexfactory.com/showthre...55#post4770355
  • #486,319
  • Jul 11, 2011 10:07pm Jul 11, 2011 10:07pm
Quoting harora

... and i know after asian sell off... it goes into retracement most of the time till the euro/sessions kick-in....
How many were trading for a gap fill, because most of the time this happens too?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #486,320
  • Jul 11, 2011 10:08pm Jul 11, 2011 10:08pm
Quoting Magix
That's the problem.

you think that losing 95% of the BS is a problem????? Magix......come on.........I had more respect for then that.........why not just cut to the chase.....post what you want.....but you have to post your charts - your entries - and you trading platform results............

Maybe that is a new thread I should start.........because I think that 98% of the people here are full of the sao day lun tao that sorts from the capuse corsume prodigy of the unforsaken cow.

Your thoughts? Or for all of my fellow Canadian fans........now back to you in the gondola dick
I don't trust any move - when you have profit...take it.
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