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Price is everything

  • #27,741
  • Apr 6, 2012 6:59am Apr 6, 2012 6:59am
Quoting Tarusmark27
I don't think price is everything besides it some other parameters also does matter. Even some traders believe that price is everything.
Method of trading doesn't matter. There is only one indicator: profitability. Any method is right if you in profit: i know some traders that have 10-20 indicators on chart and make 100-200% of depo in month stable. So how we can say that many indicators is bad? It's maybe bad for one and good for another. For traders in this thread price really is everything to be in profit and we learning only PRICE ACTION and satisfied with this and we are in PROFIT! My 2 cent
  • #27,742
  • Apr 6, 2012 7:44am Apr 6, 2012 7:44am
had a quick run with gu until all the illiquidity spike madness started.

happy easter weekend EVERYONE!

..
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  • #27,743
  • Apr 6, 2012 6:12pm Apr 6, 2012 6:12pm
To all my friends, teachers, and traders. May God Bless you and Have a Wonderful, Safe, and Happy Easter.

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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #27,744
  • Apr 7, 2012 9:08am Apr 7, 2012 9:08am
Ok. Lets do some weekend higher TF charts.

Month: Low of last month (inside bar) doji is in play. If broken the drop could accelerate.

Week: Weekly shows a lower high with bearish engulfing. To me thats an indication of an attempt for last months low.

Day: Demand held during NFP report, so there might be some left. When that demand is cleared, the High + Lower High & Low could form a channel. Looking to the left there is a possible demand along the line.

H4: The inside bar doji after the NFP bar shows indecision and is the one to watch. Asia does not have easter holidays, so they have the ball.

Quite bearish, but... React, don't predict.
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  • #27,745
  • Apr 7, 2012 5:43pm Apr 7, 2012 5:43pm
Happy Easter to all of PIE Nation!

Inserted Video
  • #27,746
  • Apr 7, 2012 6:07pm Apr 7, 2012 6:07pm
Quoting MozarTT
Method of trading doesn't matter. There is only one indicator: profitability. Any method is right if you in profit: i know some traders that have 10-20 indicators on chart and make 100-200% of depo in month stable. So how we can say that many indicators is bad? It's maybe bad for one and good for another. For traders in this thread price really is everything to be in profit and we learning only PRICE ACTION and satisfied with this and we are in PROFIT! My 2 cent
I would never criticize a trader for the number of indicators he uses. I do think there is a point of saturation but that is just my opinion. To me it all comes down to the exit anyway. I've been doing this a long time and have seen the number of indicators grow considerably over the past 30 years. I like to say that too many indicators are like a 64 pack of crayons. If you melt all of them you get one color: black which is why I rely on only two; a horizontal price level and a diagonal price level. That's it for me. I define my stop loss exit first then enter. The rest is up to the market.
  • #27,747
  • Apr 8, 2012 4:41am Apr 8, 2012 4:41am
Quoting Hyerczyk
I rely on only two; a horizontal price level and a diagonal price level. That's it for me.
and that's all you need.

happy Easter everyone!

http://kreslik.com/forums/userpix/10...otivator_1.jpg
  • #27,748
  • Apr 8, 2012 6:53am Apr 8, 2012 6:53am
Quoting Tyoon
and that's all you need.

happy Easter everyone!

http://kreslik.com/forums/userpix/10...otivator_1.jpg
That's one of Jackson Bollock's isn't it?
  • #27,749
  • Apr 8, 2012 7:00am Apr 8, 2012 7:00am
Quoting Porkpie
That's one of Jackson Bollock's isn't it?
great hit porkpie.... thumb up


well they r all looking pretty the same, just different colours used....

anyway im not a art fanatic at all
Hero calls followed by margin calls...
  • #27,750
  • Apr 8, 2012 7:50am Apr 8, 2012 7:50am
To those who celebrate ....Happy Easter

Oil weekly and 4H....a favorite of mine to trade....some thoughts...with some compression homework
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  • #27,751
  • Apr 8, 2012 1:59pm Apr 8, 2012 1:59pm
Heres a follow-up to my weekly trade with a 4hr posted in the RTP Thread showing fib extention to the currnet range we may be in..GL!
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  • #27,752
  • Apr 8, 2012 7:33pm Apr 8, 2012 7:33pm
Quoting @mel
Hey Frankkn,

Very nice pics here... When you say RBR or DBD , I am sure you mean that you'll take the pullback of the 30min charts right?
I was confused because you said , RBR from a 30 min chart into a daily demand...
So if price bounce from the daily demand , you wait that the 30 makes a pullback , after it raised in order to enter on that particular TF?

Am I right?
Thanks
M30 levels from daily zones

Not into!

Bra
  • #27,753
  • Apr 8, 2012 7:33pm Apr 8, 2012 7:33pm
BTW

RBR = rally base rally
DBD = drop base drop
  • #27,754
  • Apr 9, 2012 3:47am Apr 9, 2012 3:47am
Quoting Rolland
M30 levels from daily zones

Not into!

Bra
Thanks for your answer Rolland.
Have a nice day
@mel
  • #27,755
  • Apr 9, 2012 4:14am Apr 9, 2012 4:14am
Looking go long on north pole...What do you think traders?
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  • #27,756
  • Apr 9, 2012 4:43am Apr 9, 2012 4:43am
Any one have other ideas?
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  • #27,757
  • Apr 9, 2012 4:54am Apr 9, 2012 4:54am
Try Go short when PA shows any bears below my points
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  • #27,758
  • Apr 9, 2012 4:55am Apr 9, 2012 4:55am
Any one still a life after Easter?
  • #27,759
  • Apr 9, 2012 5:02am Apr 9, 2012 5:02am
Try scalp low risk
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  • #27,760
  • Apr 9, 2012 5:12am Apr 9, 2012 5:12am
Quoting Julexo
Any one still a life after Easter?
sometimes there are just too many trades to keep posting.

though, a level i'm watching on gold.

and just sold some cable.

..
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