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Romancing the Price

  • #741
  • Aug 21, 2011 3:16am Aug 21, 2011 3:16am
Quoting Ifmyante
If you think they help, I'd be glad to

Let me beat this hangover first though
thanks again and have great days :-)
  • #742
  • Edited 4:44am Aug 21, 2011 4:27am | Edited 4:44am
this is how i try to read trading charts:

"I cdnuolt blveiee taht I cluod aulaclty uesdnatnrd waht I was rdanieg. The phaonmneal pweor of the hmuan mnid, aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it deosn't mttaer in waht oredr the ltteers in a wrod are, t he olny iprmoatnt tihng is taht the frist and lsat ltteer be in the rgh it pclae. The rset can be a taotl mses and you can sitll raed it wouthit a porbelm. Tihs is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the wrod as a wlohe. Amzanig huh? yaeh and I awlyas tghuhot slpeling was ipmorantt! if you can raed tihs psas it on !!"

ps/. IF, let me say it again, you are doing great job as intended on this thread.. getting traders to discuss trading charts and we all are learning from each other.. rather than listening lectures, reading books etc this is the best form of learning imho.. getting down to it and getting your hands dirty..

remember there are no absolute rights or wrongs in this business.. for instance take 40 pips H4 bear bar.. it's still possible to make more than 40 pips from same bar by trading both ways in lower time frames depending on your trading style.
  • #743
  • Aug 21, 2011 6:15am Aug 21, 2011 6:15am
Quoting KennyZ
getting traders to discuss trading charts and we all are learning from each other.. rather than listening lectures, reading books etc this is the best form of learning imho.. getting down to it and getting your hands dirty..
I think we may have hit on something here.

This does exercise the trading muscles, without adding real-time stress to the analysis.

Maybe we should try and fit in some multi TF analysis too, although being able to see the HTF developing through the LTF is an important skill too

Quoting KennyZ
remember there are no absolute rights or wrongs in this business.. for instance take 40 pips H4 bear bar.. it's still possible to make more than 40 pips from same bar by trading both ways in lower time frames depending on your trading style.
Yup, when you're having lots of fun taking easy 10 and 20 pip trades every few minutes, you tend to lose interest in watching for swings.

A nice balance of the two would be okay though
  • #744
  • Aug 21, 2011 7:33am Aug 21, 2011 7:33am
Quoting KennyZ
this is how i try to read trading charts:

"I cdnuolt blveiee taht I cluod aulaclty uesdnatnrd waht I was rdanieg. The phaonmneal pweor of the hmuan mnid, aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it deosn't mttaer in waht oredr the ltteers in a wrod are, t he olny iprmoatnt tihng is taht the frist and lsat ltteer be in the rgh it pclae. The rset can be a taotl mses and you can sitll raed it wouthit a porbelm. Tihs is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the wrod as a wlohe. Amzanig huh? yaeh and I awlyas tghuhot...

It especially doesn't matter with a guy like me who has dyslexia. I was 3/4 of the way through it before I realized the letters were all messed up.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #745
  • Aug 21, 2011 8:08am Aug 21, 2011 8:08am
Anything to add to this Dax Monthly?

In H4, these levels each have strong moves away from them, but the top 2 look best to me, as the bottom one has been spiked
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  • #746
  • Edited 9:35am Aug 21, 2011 9:24am | Edited 9:35am
Quoting Porkpie
I'd go long...
I actually shorted them at the exact point using the 4 hr TF( different reasons , Of course..) , Maybe next time I'll remember to get their names .. ..
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  • #747
  • Aug 21, 2011 9:56am Aug 21, 2011 9:56am
Quoting taomql4
I actually shorted them at the exact point using the 4 hr TF( different reasons , Of course..) , Maybe next time I'll remember to get their names .. ..
Must be using the "set and forget" method while trading these zones.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #748
  • Aug 22, 2011 6:42am Aug 22, 2011 6:42am
Quoting Rufus
Must be using the "set and forget" method while trading these zones.
The Pair is between orders right now on 4 hr TF and it's acting a little crazy , bouncing off the walls !!!
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  • #749
  • Aug 22, 2011 7:05am Aug 22, 2011 7:05am
Quoting Ifmyante


Hi Lili.

The tradeable level I pointed out was worth a limit order, but I still feel best waiting for a rejection, as confirmation of the setup

Engulfing bars are great. They show you when a collective change of mind on the value of an instrument has occurred. They show you a decision.

The break of a flag though is also great pa. It shows you a decision has been made on value after a period of indecision. The faster price moves away from the flag, the more definite the decision
Thank you, it is much clearer now
  • #750
  • Edited 12:41pm Aug 22, 2011 12:30pm | Edited 12:41pm
So I missed my long , not too sure what I was doing ..And my BOSS wasn't too happy with me today .. Might watch what happens on the 15TF buy orders , If Price gets there....

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(I kid , just a funny kid on youtube...lol)
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  • #751
  • Aug 23, 2011 4:40am Aug 23, 2011 4:40am
H&S anyone??
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  • #752
  • Aug 23, 2011 6:47am Aug 23, 2011 6:47am
so here... learn, anyone who can answer correctly why i took both swings wins a fucking cookie and a free forecast on dax

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  • #753
  • Aug 23, 2011 7:17am Aug 23, 2011 7:17am
Quoting Orbital
so here... learn, anyone who can answer correctly why i took both swings wins a fucking cookie and a free forecast on dax
big candles mean something... dont they ?


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  • #754
  • Aug 23, 2011 7:22am Aug 23, 2011 7:22am
Quoting Orbital
so here... learn, anyone who can answer correctly why i took both swings wins a fucking cookie and a free forecast on dax

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Were they just basic S/D zones? I am not sure if they are touch trade or using any candle formation.

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  • #755
  • Aug 23, 2011 8:20am Aug 23, 2011 8:20am
Quoting Orbital
so here... learn, anyone who can answer correctly why i took both swings wins a fucking cookie and a free forecast on dax

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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #756
  • Aug 23, 2011 8:28am Aug 23, 2011 8:28am
For Orbital....Probably the mot famous catch in Baseball history.

Aptly named "The Catch"

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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #757
  • Aug 23, 2011 8:28am Aug 23, 2011 8:28am
Quoting Orbital
so here... learn, anyone who can answer correctly why i took both swings wins a fucking cookie and a free forecast on dax

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there are plenty explentations to answer this which one you want?

aligater
born to speculate
  • #758
  • Aug 23, 2011 8:34am Aug 23, 2011 8:34am
Alright , dueces up ....
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  • #759
  • Aug 23, 2011 9:08am Aug 23, 2011 9:08am
What exactly are we supposed to do with this? Turn the volume up?

Quoting taomql4
Alright , dueces up ....
Hello.
  • #760
  • Aug 23, 2011 9:16am Aug 23, 2011 9:16am
http://img8.uploadhouse.com/fileuplo...f9aa91ba54.jpg

http://img3.uploadhouse.com/fileuplo...35ab9751ca.jpg
TRADING IS SIMPLE BUT NOT EAZY
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