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  • #441
  • Dec 14, 2011 1:51am Dec 14, 2011 1:51am
Quoting bumapatria
im thinking he uses speciifc angles from different points in price and draws them out as rays

and i thought MY charts were messy.... here is a sample of mine. not even close to chicky's work of art

and im dying for chcky to answer
Nope......... Click the link in the post above.

ps - All my lines are prefectly aligned.
The Thief of Wall Street
  • #442
  • Dec 14, 2011 1:55am Dec 14, 2011 1:55am
Quoting Chicky
Nope......... Click the link in the post above.

ps - All my lines are prefectly aligned.
khhoooly scheize!!

more explanation please damn thats more lines than hair on all parts of my body
Have I got something on my face, SOLDIER?
  • #443
  • Dec 14, 2011 2:21am Dec 14, 2011 2:21am
Quoting bumapatria
khhoooly scheize!!

more explanation please damn thats more lines than hair on all parts of my body
i think your have missed the link , i have copied and pasted for you


Chicky's charting methodology:

1. Switch to bigger timeframe (weekly and daily)
2. Draw two trendlines a) connecting Lows (ascending or blue lines), b) connecting highs (descending or yellow lines).
3. Trendlines using bigger timeframe are considered stronger and therefore are dotted to distinguish from other trendlines.
4. Move to smaller time frames (4h, 3h or 1H) and put parallel lines connecting lows (blue unbroken lines) and highs (yellow unbroken lines).
5. The key is that these lines should be perfectly parallel. If they do not align perfectly, there is something wrong with the two basic trendlines drawn using bigger timeframe. Redo to make sure lines are perfectly aligned with most highs and lows.
6. Draw horizontal lines at main Price Pivot Zones (Gator's Mofu). These zones are horizontal support and resistances on bigger timeframes (Pink Lines).
7. Never delete a line. Keep on adding one or two lines per week.
8. If pa reacts strongly at a line, convert that to a dotted line representing strong support/resistance.
Most reliable areas are where horizontal and angullar trendline meet near a psychological level.
9. Take trades in areas where there are more lines or points where they intersect, chances are that pa would bounce or retrace from those lines.
10. Remember, these lines do not come from Torah, therefore do not over-rely on these lines, just take chances to make or lose 1% at each bounce or break.
Mohan
  • #444
  • Dec 14, 2011 2:36am Dec 14, 2011 2:36am
Quoting mohan76
i think your have missed the link , i have copied and pasted for you


Chicky's charting methodology:

1. Switch to bigger timeframe (weekly and daily)
2. Draw two trendlines a) connecting Lows (ascending or blue lines), b) connecting highs (descending or yellow lines).
3. Trendlines using bigger timeframe are considered stronger and therefore are dotted to distinguish from other trendlines.
4. Move to smaller time frames (4h, 3h or 1H) and put parallel lines connecting lows (blue unbroken lines) and highs (yellow unbroken lines).
5. The key is...
sorry i missed hte lnk.

very intersting indeed
Have I got something on my face, SOLDIER?
  • #445
  • Dec 14, 2011 12:23pm Dec 14, 2011 12:23pm
Quoting mohan76
i think your have missed the link , i have copied and pasted for you


Chicky's charting methodology:

1. Switch to bigger timeframe (weekly and daily)
2. Draw two trendlines a) connecting Lows (ascending or blue lines), b) connecting highs (descending or yellow lines).
3. Trendlines using bigger timeframe are considered stronger and therefore are dotted to distinguish from other trendlines.
4. Move to smaller time frames (4h, 3h or 1H) and put parallel lines connecting lows (blue unbroken lines) and highs (yellow unbroken lines).
5....
This explanation would be more clear with chart/picture Chicky teacher
Would be appreciate it if you can provide the clear chart along with the explanation

Many thanks
If there was easy money lying around,no one would be forcing it into your
  • #446
  • Dec 14, 2011 2:48pm Dec 14, 2011 2:48pm
Looks a lot like the light show of a rave I went to before hahaha

Quoting Chicky
http://www.forexfactory.com/showthre...24#post4726024

http://www.forexfactory.com/attachme...1&d=1309638585
  • #447
  • Dec 15, 2011 9:01pm Dec 15, 2011 9:01pm
Quoting Chicky
Trade #43 Concluded. Hit SL 1% loss.

There is a reward if someone could figure out how these three trades were entered. Also what is that short trade. Will explain after finishing dinner.


Information: This is not a trading journal. I am trying to show practical application of a method explained earlier
Will explain the trades later. Have to leave for the gym.

But before I leave, will be placing a long.
Attached Image (click to enlarge)
Click to Enlarge Name: 51.jpg Size: 176 KB
The Thief of Wall Street
  • #448
  • Dec 15, 2011 11:47pm Dec 15, 2011 11:47pm
Quoting Chicky
Will explain the trades later. Have to leave for the gym.

But before I leave, will be placing a long.
I think this is what happened.

Trade 44. Loss 1%
Trade 45. Loss 1%
Trade 46. Loss 1%
Trade 47. Loss 1%
Trade 48. Loss 1%
Trade 49. Profit 1%
Trade 50. Profit 1%
Trade 51. Profit 1%

Please note that for the sake of consistency I have to carry three positions at a time because of that mistake mentioned earlier (placing a market order instead of a limit order). After few trades, will bring it to 2 and then again one.

Trade 52 entered. Long for 80 pips. Plus two more long orders in place.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 52.jpg Size: 215 KB
Click to Enlarge Name: 53.jpg Size: 130 KB
The Thief of Wall Street
  • #449
  • Dec 16, 2011 12:09am Dec 16, 2011 12:09am
i think chicky jokes around, i hardly doubt he trades with a million lines, makes me high just looking at it.

the guy is one of the few respectable pros, and i have seen some clean 4 hr charts i think he tries to give everyone seizures for kicks lol


hey chickey i never get your name right, but keep it up buddy, your thread is full of nuggets of wisdom, dont be robbing the wall street banks too much now, or we will have to bail them out.
AVT INVENIAM VIAM AVT FACIAM
  • #450
  • Dec 16, 2011 12:28am Dec 16, 2011 12:28am
here is my chicky chart ( or a bad imitation of it)



Attached Image (click to enlarge)
Click to Enlarge Name: the holy grail.PNG Size: 84 KB
AVT INVENIAM VIAM AVT FACIAM
  • #451
  • Dec 16, 2011 2:04am Dec 16, 2011 2:04am
Quoting the redlion
here is my chicky chart ( or a bad imitation of it)



Attachment

i see u trying a square of nine or maybe just my eyes?
Have I got something on my face, SOLDIER?
  • #452
  • Dec 16, 2011 10:37pm Dec 16, 2011 10:37pm
Quoting Chicky
I think this is what happened.

Trade 44. Loss 1%
Trade 45. Loss 1%
Trade 46. Loss 1%
Trade 47. Loss 1%
Trade 48. Loss 1%
Trade 49. Profit 1%
Trade 50. Profit 1%
Trade 51. Profit 1%

Please note that for the sake of consistency I have to carry three positions at a time because of that mistake mentioned earlier (placing a market order instead of a limit order). After few trades, will bring it to 2 and then again one.

Trade 52 entered. Long for 80 pips. Plus two more long orders in place.
Trade 52. Loss 1%
Trade 53. Loss 1%
Trade 54. Running
Trade 55.Running
Trade 56. Running

Need to draw some short-term lines on this chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 54.jpg Size: 117 KB
The Thief of Wall Street
  • #453
  • Dec 16, 2011 10:45pm Dec 16, 2011 10:45pm
Quoting the redlion
i think chicky jokes around, i hardly doubt he trades with a million lines, makes me high just looking at it.

the guy is one of the few respectable pros, and i have seen some clean 4 hr charts i think he tries to give everyone seizures for kicks lol


hey chickey i never get your name right, but keep it up buddy, your thread is full of nuggets of wisdom, dont be robbing the wall street banks too much now, or we will have to bail them out.
Hi Red,

Thanks for dropping by here. LOL. These lines let me take three steps forward and two steps backwards, but eventually take me home......... inch by inch. Wish I could have discovered any Get Rich Quick method.

I am not a robber, just a thief..................... a petty thief.

How are you doing Redlion?
The Thief of Wall Street
  • #454
  • Dec 16, 2011 10:54pm Dec 16, 2011 10:54pm
Quoting FXMindset
This explanation would be more clear with chart/picture Chicky teacher
Would be appreciate it if you can provide the clear chart along with the explanation

Many thanks
Sure why not. How it's drawn.

Inserted Video



Inserted Video
The Thief of Wall Street
  • #455
  • Dec 16, 2011 11:38pm Dec 16, 2011 11:38pm
i'm ok, sitting at home, bored lol, i am off from work and the markets are closed.

browsing through posts, pondering the meaning of life.


what if Edgar Allan Poe was right, i am just a dream within a dream
AVT INVENIAM VIAM AVT FACIAM
  • #456
  • Edited Dec 18, 2011 6:59am Dec 17, 2011 8:50pm | Edited Dec 18, 2011 6:59am
Chicky

This looks like a nice thread.

This post has directed me here:
http://www.forexfactory.com/showthre...17#post5231417

I will be reading the thread from the start.

I have been demo for a while, read mostly anything just to realise that only practice helps in trading.

Just open a live account of about $500.

I will trade two methods: swing and intraday risking no more than 1% per trade.

The swing method is based on 4h charts and I will trade all pairs with less than 5 pips spread. Risk is based on about 50 pips and rewards when it works will produced between +1 to +300.

The intraday one is only based on 10P range bar and I will be trading only gbpusd and eurusd. Risk is based on about 20 pips and rewards when it works will produced between +1 to +20. A combination of emas will be used to avoid choppy markets.

I have planned that if at the end of each month I gained and overall 4 to 5% I will inject more money in my account by doubling, so by the end of June I will have $32000 to work with.

On the demo accounts I find it easy to make at least 0.5% per day average.
And I am well aware that trading live will be a completely type of beast (mine). That is why I think for me to inject every month will be helpful.

Your thoughts on this are very much appreciated and please feel to articulate
more if you wish.
  • #457
  • Dec 18, 2011 4:20pm Dec 18, 2011 4:20pm
Quoting SmoothMan
Chicky

This looks like a nice thread.

This post has directed me here:
http://www.forexfactory.com/showthre...17#post5231417

I will be reading the thread from the start.

I have been demo for a while, read mostly anything just to realise that only practice helps in trading.

Just open a live account of about $500.

I will trade two methods: swing and intraday risking no more than 1% per trade.

The swing method is based on 4h charts and I will trade all pairs with less than 5 pips spread. Risk is based on about 50...
Man,

You may like to read the first few pages and see if they help in your trade planning.

Don't know about others, but I never felt difference between demo and live trading. Maybe because I look at the percentages more than the account balance.

It's very good idea to add to your account based on performance. I am not a very big trader but gradually add small amounts to my account. Just like we spend some money on any other hobby.
The Thief of Wall Street
  • #458
  • Edited 11:47pm Dec 18, 2011 4:50pm | Edited 11:47pm
Quoting Chicky
Man,

You may like to read the first few pages and see if they help in your trade planning.

Don't know about others, but I never felt difference between demo and live trading. Maybe because I look at the percentages more than the account balance.

It's very good idea to add to your account based on performance. I am not a very big trader but gradually add small amounts to my account. Just like we spend some money on any other hobby.
Chicky

I find your reply helpful. I will definitely read the thread and try to learn as much as possible. Thank you.
  • #459
  • Dec 20, 2011 9:09am Dec 20, 2011 9:09am
Quoting Chicky
Trade 52. Loss 1%
Trade 53. Loss 1%
Trade 54. Running
Trade 55.Running
Trade 56. Running

Need to draw some short-term lines on this chart.
Trade# 54, Tade# 55 and Trade# 56.
TPs hit. 1% each.
Attached Image (click to enlarge)
Click to Enlarge Name: 55.jpg Size: 125 KB
The Thief of Wall Street
  • #460
  • Dec 20, 2011 9:45am Dec 20, 2011 9:45am
Trade# 57 Entered. Long for 100 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 56.jpg Size: 134 KB
The Thief of Wall Street
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