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  • #616,581
  • Mar 27, 2012 8:26pm Mar 27, 2012 8:26pm
I'm seriously thinking about flipping a coin and go from there. As long as I stick with a 1:4 RR with my order, my odds would be pretty good.
Time turns trend. - W.D. Gann
  • #616,582
  • Mar 27, 2012 8:27pm Mar 27, 2012 8:27pm
Quoting ForExtraPips
I agree. That's why I like message boards like these. To get different opinions from traders and their way of thinking and trading.
@ForExtraPips:

Well said, thats why we are here, thats why this forum was set up. So looking at a 3H - there has been 2 respondents so far, bearing in mind, that we have no access to any information at all, just the 3H chart, nothing else.
  • #616,583
  • Mar 27, 2012 8:29pm Mar 27, 2012 8:29pm
FOREX NEWS | CURRENCY NEWS BY FOREXLIVE

Real Money watch: Plenty of interest to buy EUR
Written by Sean Lee
March 28, 2012 at 03:20 GMT
Real money funds have been noted buyers of EUR/USD, EUR/JPY and EUR/AUD over the last 24 hours.
Think Different
  • #616,584
  • Mar 27, 2012 8:34pm Mar 27, 2012 8:34pm
Quoting KiwiTrada
what timeframe 1 min 1 hr 1day 1week 1 month ?
If I'm gonna trade EU on the 3-month chart then I don't have to worry about longs anymore.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #616,585
  • Mar 27, 2012 8:38pm Mar 27, 2012 8:38pm
Quoting Hda
@Halifax:

Remember, this is just an exercise.
I'm glad that you brought this up. We can learn from each other. The attached chart is what I look at every night. But it's not the only chart. There's just something about this one that starts talking to me as the night goes on. What I've observed over the past couple of weeks is that after price shoots up then consolidates in a downward angle, then it will shoot back up. But if it consolidates in an upward angle, then it will go way down. Is this something that is normal? Or am I missing something? And there are times where it doesn't do this. And the red flag that I saw Sunday night before placing my orders, were the long red and green bars along the downward slant of consolidation on March 23, prior to the big up move on the 26th. That told me something was brewing. Along with mathematics. Where you take the high of the swing and the low, add them up, divide it by 2 and go from there, etc........ Just my take on things. Since I've only been live since last October. If anybody sees anything that I'm doing wrong or seeing wrong, please point it out. I'm all ears. Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddh1.jpg Size: 133 KB
Time turns trend. - W.D. Gann
  • #616,586
  • Mar 27, 2012 8:39pm Mar 27, 2012 8:39pm
Quoting killerwhale
if i'm gonna trade eu on the 3-month chart then i don't have to worry about longs anymore.
if you short at the top of market,do you worry as me ?
Think Different
  • #616,587
  • Mar 27, 2012 8:39pm Mar 27, 2012 8:39pm
Quoting KillerWhale
If I'm gonna trade EU on the 3-month chart then I don't have to worry about longs anymore.
@KillerWhale:

3Hour not 3month :-)
  • #616,588
  • Mar 27, 2012 8:42pm Mar 27, 2012 8:42pm
Quoting Hda
@KillerWhale:

3Hour not 3month :-)
No, 3-month
New voice message: Why are you calling me? If I need you, I'll call you!
  • #616,589
  • Mar 27, 2012 8:43pm Mar 27, 2012 8:43pm
Quoting ForExtraPips
I'm glad that you brought this up. We can learn from each other. The attached chart is what I look at every night. But it's not the only chart. There's just something about this one that starts talking to me as the night goes on. What I've observed over the past couple of weeks is that after price shoots up then consolidates in a downward angle, then it will shoot back up. But if it consolidates in an upward angle, then it will go way down. Is this something that is normal? Or am I missing something?
That's just a bull/bear flag. I usually get some bias as to where we are heading by the direction of the consolidation as we wind up for a large move.
"Don't Panic..."
  • #616,590
  • Mar 27, 2012 8:44pm Mar 27, 2012 8:44pm
Quoting Hda
@KillerWhale:

3Hour not 3month :-)
Funny I worked a few years for a company named HDA
New voice message: Why are you calling me? If I need you, I'll call you!
  • #616,591
  • Mar 27, 2012 8:46pm Mar 27, 2012 8:46pm
Quoting Halifax
That's just a bull/bear flag. I usually get some bias as to where we are heading by the direction of the consolidation as we wind up for a large move.
Ah, thank you. Good to know. It definitively sticks out like an eye soar to me. It screams at me.
Time turns trend. - W.D. Gann
  • #616,592
  • Mar 27, 2012 8:47pm Mar 27, 2012 8:47pm
Quoting ForExtraPips
I'm glad that you brought this up. We can learn from each other. The attached chart is what I look at every night. But it's not the only chart. There's just something about this one that starts talking to me as the night goes on. What I've observed over the past couple of weeks is that after price shoots up then consolidates in a downward angle, then it will shoot back up. But if it consolidates in an upward angle, then it will go way down. Is this something that is normal? Or am I missing something? And there are times where it doesn't do this....
@ForExtraPips:

Thats a 1H chart. Before I respond, tell me this, if you discovered a methodolgy that truly works and can be labelled as the Holy Grail to forex trading, would you share it or would you keep this method to yourself? be very honest with your answer
  • #616,593
  • Mar 27, 2012 8:56pm Mar 27, 2012 8:56pm
Quoting Hda
@ForExtraPips:

Thats a 1H chart. Before I respond, tell me this, if you discovered a methodolgy that truly works and can be labelled as the Holy Grail to forex trading, would you share it or would you keep this method to yourself? be very honest with your answer
That's a very good question. Because if you truly did find that "Holy Grail" or even an "edge", would sharing it dilute your profits and once it was revealed, could others exploit it, just like they exploit other things, after finding out what is being done. But like others have said on here, we're just the small traders, not the big dogs, so even sharing it wouldn't change the whole landscape of this market. But since sharing is caring, then yes, I would share it, since I haven't spent a dime on any material that I've read up on this whole Forex market. Would you?
Time turns trend. - W.D. Gann
  • #616,594
  • Mar 27, 2012 8:57pm Mar 27, 2012 8:57pm
@Hda From the charts only I think it's up. 1.3280ish area is now support when it was a resistance. If price closes below 1.3280 then I'll consider shorts.
  • #616,595
  • Mar 27, 2012 9:04pm Mar 27, 2012 9:04pm
Quoting ForExtraPips
That's a very good question. Because if you truly did find that "Holy Grail" or even an "edge", would sharing it dilute your profits and once it was revealed, could others exploit it, just like they exploit other things, after finding out what is being done. But like others have said on here, we're just the small traders, not the big dogs, so even sharing it wouldn't change the whole landscape of this market. But since sharing is caring, then yes, I would share it, since I haven't spent a dime on any material that I've read up on this whole...
@ForExtraPips:

Thank you for your honest response and because of your honest response Im going to share something with you. Between Wednesday and Friday for the rest of this week. Im going to share every trade I place as it is placed, giving you entry, exit and stop loss and on friday, I want you to tell me how many pips I made and how many pips I lost.

Im aluding to something, but actions speaks louder than words. Its now Wednesday, 12:03am eastern. I will place my first trade at 3am eastern. All trades will be placed on EUR/USD only. Please keep track as you go along so that on Friday 12 noon - we can compare notes.
  • #616,596
  • Mar 27, 2012 9:08pm Mar 27, 2012 9:08pm
what time is German Prelim CPI
  • #616,597
  • Mar 27, 2012 9:13pm Mar 27, 2012 9:13pm
Quoting tropez
@Hda From the charts only I think it's up. 1.3280ish area is now support when it was a resistance. If price closes below 1.3280 then I'll consider shorts.
@tropez:

Develop the ability to listen to the charts. It took me 7 years to finally listen. Thats the edge. Ive always heard that the charts dont lie, but I never knew how to listen and most importantly, to truly BELIEVE what the chart is saying.
  • #616,598
  • Mar 27, 2012 9:14pm Mar 27, 2012 9:14pm
Quoting Hda
@ForExtraPips:

Thats a 1H chart. Before I respond, tell me this, if you discovered a methodolgy that truly works and can be labelled as the Holy Grail to forex trading, would you share it or would you keep this method to yourself? be very honest with your answer
I believe there are literally dozens of "holy grails", in terms of methodology that works, but you can try teach these things to some people, and they simply won't get it or be able to apply it in a profitable manner.

I'd keep the holy grail to myself if I found one in the intended sense of the word, but I've got no problem pointing people in the right direction. I'm trading S/R, in the normal way and also in a unique way that I haven't seen posted here but which is based on logic and I suppose what people would call "order flow" or something similar to it.

I'm happy to say "focus on Support/Resistance, or buy low sell high", but I think people need to find their own way through experience, rather than trying to adapt their brain to someone else's way of doing things, which often won't work, and the truth is there are so many ways to make money, it's more about using discretion through experience to filter out false signals and clusterf**ks.

So, greedily I would keep the discovery to myself
"Don't Panic..."
  • #616,599
  • Mar 27, 2012 9:15pm Mar 27, 2012 9:15pm
MY CHART
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 15 KB
Think Different
  • #616,600
  • Mar 27, 2012 9:24pm Mar 27, 2012 9:24pm
Quoting Hda
@ForExtraPips:

Thank you for your honest response and because of your honest response Im going to share something with you. Between Wednesday and Friday for the rest of this week. Im going to share every trade I place as it is placed, giving you entry, exit and stop loss and on friday, I want you to tell me how many pips I made and how many pips I lost.

Im aluding to something, but actions speaks louder than words. Its now Wednesday, 12:03am eastern. I will place my first trade at 3am eastern. All trades will be placed on EUR/USD...
Thank you. Looking forward to it.
Time turns trend. - W.D. Gann
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