Extracted Thread (per thread starter's request) | Page 16 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

1 trade per pair per year 6 replies

multiple systems per pair/multiple pairs per system? 3 replies

Extracted Post (per poster's request) 0 replies

Trading 24 hours per day, 5 days per week 14 replies

Attachments: Extracted Thread (per thread starter's request)
Exit Attachments

Extracted Thread (per thread starter's request)

  • #301
  • Sep 6, 2011 8:15pm Sep 6, 2011 8:15pm
Quoting deankenny21
i got you, do you move stop to BE at any point during the trade?

also, looking at chfjpy i just placed the fib, now the 68 is on the wrong side of the 50, so i changed it so its correct.

But now when i run a fib to look for an extension the 68 is the wrong side of the 50 that way, how did you overcome that problem?
Attached Image (click to enlarge)
Click to Enlarge Name: 09.0311 chf.jpy.jpg Size: 200 KB
  • #302
  • Sep 6, 2011 8:25pm Sep 6, 2011 8:25pm
Quoting rocky
Attachment
i undertsand rocky, but as you can see from my pic below, if i do exactly what you said, i have the 50% retrace of the larger fib drawn, with the 68 in the correct place

But when i do the other fib u mentioned to get an extension, the 68 is on the wrong side of the 50

http://i52.tinypic.com/142vbt.jpg
  • #303
  • Sep 6, 2011 8:52pm Sep 6, 2011 8:52pm
Quoting deankenny21
i undertsand rocky, but as you can see from my pic below, if i do exactly what you said, i have the 50% retrace of the larger fib drawn, with the 68 in the correct place

But when i do the other fib u mentioned to get an extension, the 68 is on the wrong side of the 50

http://i52.tinypic.com/142vbt.jpg
I see what you're saying. You aren't going to be able to run Fibs like I do with the standard mt4. You will have to set up your Fibs as I describe on post #237. This way you will get the 68% retrace in the proper location when you run your Fib Extensions, I'll be monitoring my live trade so I'll be back tomorrow, Rocky.
  • #304
  • Sep 6, 2011 8:54pm Sep 6, 2011 8:54pm
www.babypips.com/school/

Either go through the curriculum at "School" or search for Fibonacci on the website.

This is all free and worth hundreds if not thousands. Don't buy trading books. Go here first.
  • #305
  • Sep 7, 2011 4:40am Sep 7, 2011 4:40am
Hi rocky, this is my first post on FF forum. First of all tks for sharing your trading method and the effort you have put on chart sharing.
Please check my chart below. Ok, i'm learning so Demand zone draw is not very precise but in your opinion this is a valid Demand Zone? Also look at fibonacci, is my draw correct ?
tks, naked_v

Attached Image (click to enlarge)
Click to Enlarge Name: EUR_USD_D.jpg Size: 235 KB
  • #306
  • Sep 7, 2011 7:05am Sep 7, 2011 7:05am
Attached Image (click to enlarge)
Click to Enlarge Name: 09.0311 chf.jpy.jpg Size: 215 KB
  • #307
  • Sep 7, 2011 7:33am Sep 7, 2011 7:33am
Quoting rocky
Attachment
cracking trade right there!!

whats your reasoning for moving stop to that position, so i can get a bit more of a grasp how you think while in a trade
  • #308
  • Sep 7, 2011 7:36am Sep 7, 2011 7:36am
Quoting deankenny21
cracking trade right there!!

whats your reasoning for moving stop to that position, so i can get a bit more of a grasp how you think while in a trade
Deankenny21, I put it right below those Fibs for protection, Rocky
  • #309
  • Sep 7, 2011 7:38am Sep 7, 2011 7:38am
Quoting rocky
Deankenny21, I put it right below those Fibs for protection, Rocky
thanks for the prompt reply. im amazed how you picked a level where not only are you in profit today but got in profit fast!! Price moved away from that zone at a nice steady pace
  • #310
  • Sep 7, 2011 7:44am Sep 7, 2011 7:44am
Quoting deankenny21
thanks for the prompt reply. im amazed how you picked a level where not only are you in profit today but got in profit fast!! Price moved away from that zone at a nice steady pace
deankenny21, You'll be able to do that also, It's really easy after looking at so many zones in my past. I see those Institutions there at those Zones and I pretty much know it will be a profitable trade, keep practicing, Rocky...
  • #311
  • Sep 7, 2011 7:52am Sep 7, 2011 7:52am
Quoting rocky
deankenny21, You'll be able to do that also, It's really easy after looking at so many zones in my past. I see those Institutions there at those Zones and I pretty much know it will be a profitable trade, keep practicing, Rocky...
yes, and by your "laying your balls on the table" approach you one of the most genuine and trustworthy guys i found around these forums.

The only thing i find that might trouble me which did when i tried Sam Seidens techniques is at one point price MUST go through one of these zones soon otherwise price would just stay between two places permanently.

So how can you spot a zone which may have been exhausted of buyers or sellers, because i laid out zones according to Sam Seiden and more than half the time the zone was breached.
  • #312
  • Sep 7, 2011 8:00am Sep 7, 2011 8:00am
Attached Image (click to enlarge)
Click to Enlarge Name: 09.0311 nzd.usd.jpg Size: 221 KB
  • #313
  • Sep 7, 2011 9:52am Sep 7, 2011 9:52am
Hi Rocky..
i wanted to share an article By Sam Seiden... that i recieved..BUT i am worried if i will fall foul of FFF rules and SAMs as well..
its a good article regards SaD Zones.. ie which are Valid ..etc etc.
Anyway i can share it ???..without upsetting anyone

baz
  • #314
  • Sep 7, 2011 1:33pm Sep 7, 2011 1:33pm
Quoting deankenny21
yes, and by your "laying your balls on the table" approach you one of the most genuine and trustworthy guys i found around these forums.

The only thing i find that might trouble me which did when i tried Sam Seidens techniques is at one point price MUST go through one of these zones soon otherwise price would just stay between two places permanently.

So how can you spot a zone which may have been exhausted of buyers or sellers, because i laid out zones according to Sam Seiden and more than half the time the zone was breached.
Thanks deankenny21, I wish more thread starter would show their Live trades as soon as they make them "Laying Their Balls On The Table" so the traders who follows their threads will really know if that system works or not. What gets me is people will follow these popular threads but yet no one post their trades "AS IT HAPPENS" yet they brag about how big their wheel barrel is getting every week., They only show "Cherry Picked Historical Trades".

Yes, once and a while they will show a winning trade, but I can flip a coin and show you 50% winners. If a person plans on trading for a living, I think I would want to see that System they are following work in a documented live market, if not then I would find someone who can. If they don't plan on trading for a living and just like the social aspect of being in these threads then that's fine, I have no problem with that...

As far as PA blowing through Zones, I will take the first touch (retrace) of a zone as long as it meets my rules. The zone will get weaker on every touch (Seiden explains why in his videos). If it's a Dailey zone then I would take more that one retrace. Stick to the zones in the 4 hr, dailey, and weekly charts and you should have safe trades on the first touch (retrace) most of the time. Remember, Seiden bases his trades on Zones alone. I qualify my zones with Fib retracements, Fib Extensions, TrendLine, and BB. Thanks Rocky.
  • #315
  • Sep 7, 2011 1:36pm Sep 7, 2011 1:36pm
Quoting baz
Hi Rocky..
i wanted to share an article By Sam Seiden... that i recieved..BUT i am worried if i will fall foul of FFF rules and SAMs as well..
its a good article regards SaD Zones.. ie which are Valid ..etc etc.
Anyway i can share it ???..without upsetting anyone

baz
Hey Baz, thanks, feel free to post Seidens Article, Thanks for sharing his info, Rocky
  • #316
  • Sep 7, 2011 1:38pm Sep 7, 2011 1:38pm
Quoting naked_v
Hi rocky, this is my first post on FF forum. First of all tks for sharing your trading method and the effort you have put on chart sharing.
Please check my chart below. Ok, i'm learning so Demand zone draw is not very precise but in your opinion this is a valid Demand Zone? Also look at fibonacci, is my draw correct ?
tks, naked_v

Attachment
Naked v, welcome to my thread, your chart is not that bad. I'll show you how I would have place my zones, Thanks, Rocky.
  • #317
  • Sep 7, 2011 1:41pm Sep 7, 2011 1:41pm
Excellent reply rocky thanks, I understand trade has more potential if it's first retrace , but many times It looked like first touch whn actually it was like the 6th, because mce the chart to the left and I see the zone again and again, so when I pick a zone how can I be sure it's fresh because going left on the chart u would be There forever, many thanks, Deankenny
  • #318
  • Sep 7, 2011 1:53pm Sep 7, 2011 1:53pm
Rocky,

Thanks for the thread! I remember listening to Sam Seiden early on in my trading, and only now I am realizing this approach makes the most sense.
I attached a chart with entry and exit - it is daily gbp/usd. I set my auto tp wrong, so it took me out at 25 pips, but I can think of worse things...
I will need some work on finding the zones, but overall, this is a straight forward, powerful way to trade. Thanks!!
Mike
Attached Image
  • #319
  • Sep 7, 2011 2:14pm Sep 7, 2011 2:14pm
Quoting mikepip
Rocky,

Thanks for the thread! I remember listening to Sam Seiden early on in my trading, and only now I am realizing this approach makes the most sense.
I attached a chart with entry and exit - it is daily gbp/usd. I set my auto tp wrong, so it took me out at 25 pips, but I can think of worse things...
I will need some work on finding the zones, but overall, this is a straight forward, powerful way to trade. Thanks!!
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: 09.0711 gbpusd.jpg Size: 139 KB
  • #320
  • Sep 7, 2011 2:17pm Sep 7, 2011 2:17pm
Quoting rocky
Hey Baz, thanks, feel free to post Seidens Article, Thanks for sharing his info, Rocky
well..here it is..You guys can subscibe to it ,if you want....its free..

if it is not allowed as per FFF ,if they inform me,i can remove it

http://www.tradingacademy.com/lessons/20110907/featured_article.htm

baz
21 traders viewing now