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The life of a trading system on Forex Factory

  • #621
  • Apr 14, 2012 10:51am Apr 14, 2012 10:51am
Quoting RRRulio
Right now I m in Pattaya but I live in Bangkae.
damn... make sure you chuck a bucket of water over the 3som girls on soi LK for me...
tradewith60
  • #622
  • Apr 14, 2012 10:58am Apr 14, 2012 10:58am
Quoting jag1966

PA kicks the arse out of everything else I tested
That's great but wtf is it other than chart analysis?
  • #623
  • Apr 14, 2012 11:09am Apr 14, 2012 11:09am
Quoting 60minuteman

damn... make sure you chuck a bucket of water over the 3som girls on soi LK for me...
Hang on, this sounds like fun, but what's the deal with all those ladyboys!
  • #624
  • Apr 14, 2012 11:18am Apr 14, 2012 11:18am
Quoting pipmutt
Hang on, this sounds like fun, but what's the deal with all those ladyboys!

budhism, ladyboys were girls in a previous life.. http://www.thai-discovery.com/ladybo...r-advanced.php
tradewith60
  • #625
  • Apr 14, 2012 11:37am Apr 14, 2012 11:37am
Quoting 60minuteman

budhism, ladyboys were girls in a previous life.. http://www.thai-discovery.com/ladybo...r-advanced.php
http://i41.tinypic.com/34ooum9.jpg

  • #626
  • Apr 14, 2012 11:46am Apr 14, 2012 11:46am
Quoting pipmutt
Price action*, it's a bit like beauty, it's in the eye of the beholder.

An FF buzzword used to describe anything which can't/won't be described, especially suitable when giving advice to noobs about trading!


*Always read the label. Use only as directed. If symptoms persist consult your healthcare professional. Incorrect use could be harmful.
Ok call it "chart analysis" then, I didn't realise it was a game of petty play on words or one-upmanship , I thought we were here to help each other, especially the noobs as you put it.

It seems most here are just interested in making themselves look clever when in fact they are doing the exact opposite.

Price action for me is bar by bar analysis, indis are all calculated using price so understand price action (sorry I meant bar by bar on the tick chart upwards) properly you need nothing else.
  • #627
  • Apr 14, 2012 12:14pm Apr 14, 2012 12:14pm
Quoting jag1966
Price action for me is bar by bar analysis, indis are all calculated using price so understand bar by bar on the tick chart upwards) properly you need nothing else.
Quick question: What else is there other than 'price action' analysis?

No trick question just curious as to what you've researched in the past.

Maybe there are other types of analysis not 'openly' shared...
  • #628
  • Apr 14, 2012 12:33pm Apr 14, 2012 12:33pm
Quoting jag1966

It seems most here are just interested in making themselves look clever when in fact they are doing the exact opposite.
Exactly my point!


Quoting jag1966

Price action for me is bar by bar analysis, indis are all calculated using price so understand price action (sorry I meant bar by bar on the tick chart upwards) properly you need nothing else.
It seems to mean a lot of different things to a lot of different people, and it's subjective to say the least. Support, resistance, patterns, and a whole host of other stuff. A trader needs what he needs to have confidence in his system enough to put money on the line and trade. Telling people all they need is price action can be misleading.
  • #629
  • Apr 14, 2012 12:38pm Apr 14, 2012 12:38pm
Quoting Pipalicious

Maybe there are other types of analysis not 'openly' shared...
Analysing price action is just about the most openly shared strategy out there, it's nothing new, special, or secret. Have you heard of and/or traded support or resistance? A chart pattern? A range? A trend? Retracements? Anything else on a chart of historical data? If so then you have traded price action. It's not a secret sauce recipe, it's just as subjective as anything else out there.
  • #630
  • Apr 14, 2012 1:39pm Apr 14, 2012 1:39pm
Quoting Pipalicious
Quick question: What else is there other than 'price action' analysis?

No trick question just curious as to what you've researched in the past.

Maybe there are other types of analysis not 'openly' shared...
TBH I have said enough for anyone with half a clue to continue on the right path. I just get so sick of hearing from people that think they are cleverer than they actually are, they do themselves a dis-service and can cause real damage to novice traders starting out.
  • #631
  • Apr 14, 2012 1:45pm Apr 14, 2012 1:45pm
Quoting pipmutt
Analysing price action is just about the most openly shared strategy out there, it's nothing new, special, or secret. Have you heard of and/or traded support or resistance? A chart pattern? A range? A trend? Retracements? Anything else on a chart of historical data? If so then you have traded price action. It's not a secret sauce recipe, it's just as subjective as anything else out there.
Bar by bar is precision trading if you use tick charts. That is NOT subjective.
  • #632
  • Apr 14, 2012 2:08pm Apr 14, 2012 2:08pm
Quoting jag1966
TBH I have said enough for anyone with half a clue to continue on the right path. I just get so sick of hearing from people that think they are cleverer than they actually are, they do themselves a dis-service and can cause real damage to novice traders starting out.
  • #633
  • Apr 14, 2012 2:15pm Apr 14, 2012 2:15pm
Quoting jag1966

Bar by bar is precision trading if you use tick charts. That is NOT subjective.
Not only subjective but unreliable in an OTC market like forex, variable from brøker to brøker and only indicative of the underlying market.

Hey if it works for you, makes things clearer, and gives you confidence to trade then great but it's not the be all and end all which you make it out to be.

Quoting jag1966

I just get so sick of hearing from people that think they are cleverer than they actually are
Me too, especially those who think their way is the only way!
  • #634
  • Apr 14, 2012 3:25pm Apr 14, 2012 3:25pm
PA to me, is I read how fast the Bid on my chart moves, I guess if I had a tick chart I could possibly see it, but Tick doesn't show the time between moves.

So if market sits at 1.010, drops slowly to 1.003 then jumps back to 1.010 or near / above real quick before repeating then you've got someone buying big chunks at 1.003 so worth getting in Long!!

Ofcourse, the buyer might not have a clue, or playing a longer game or just run outta money and has to stop buying blocks.

Can't see it in history and candles are pretty much randomly formed so no point basing anything on that, which is what most people talking PA are on about.

And yes you'll disagree ofcourse on candles, but really NO there stupid and worthless!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #635
  • Apr 14, 2012 3:45pm Apr 14, 2012 3:45pm
Quoting Turveyd

And yes you'll disagree ofcourse on candles, but really NO there stupid and worthless!!
Correct. That is, until they become relevant and priceless. That "sudden
jump" you speak of simply means a possible period of low liquidity to me, depending on circumstance, of course.

If candles are stupid then so must be bars/line graphs and in deed charts themselves. Should we just call our broker whenever the price suddenly jumps/plunges by 15 pips and tell them to buy/sell based on that fact (I'm not sure if this is a question or an assertion)....???
When the Joker is in the deck.. fear not and play it well
  • #636
  • Apr 14, 2012 3:52pm Apr 14, 2012 3:52pm
Quoting Slim Buffett
Correct. That is, until they become relevant and priceless. That "sudden
jump" you speak of simply means a possible period of low liquidity to me, depending on circumstance, of course.

If candles are stupid then so must be bars/line graphs and in deed charts themselves. Should we just call our broker whenever the price suddenly jumps/plunges by 15 pips and tell them to buy/sell based on that fact (I'm not sure if this is a question or an assertion)....???

Not all, low liquity is followed by a big move, sometimes the move is slow and takes many hours, sometimes it's news relates and takes minutes ofcourse.

Candles are easier to see S/R cause compared to a line chart you won't see the low prices getting rejected just the close on a line, so 4times the info of a line chart and all good, it's the BS Chinese ( are the chinese public even allowed to trade ? doubt it ) Doji and all the rest of it, there completely useless but so many on here wait for it to close to get a signal.

Current market conditions, most moves have legs so jumping in on a move in it's direction will likely get you some good returns.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #637
  • Apr 14, 2012 4:07pm Apr 14, 2012 4:07pm
Slim....the illusion of knowledge!
Master your Mind,,,Master the Market
  • #638
  • Apr 14, 2012 4:12pm Apr 14, 2012 4:12pm
Quoting bluesteele
Slim....the illusion of knowledge!
Yes, we already know that you have that illusion
When the Joker is in the deck.. fear not and play it well
  • #639
  • Apr 14, 2012 4:19pm Apr 14, 2012 4:19pm
Quoting Slim Buffett
Yes, we already know that you have that illusion

I am here for my fans !

Thankyou Slim...
Master your Mind,,,Master the Market
  • #640
  • Apr 14, 2012 4:25pm Apr 14, 2012 4:25pm
Quoting bluesteele
I am here for my fans !

Thankyou Slim...
I'm sure you have many fans. The dumb often lead the dumber.
When the Joker is in the deck.. fear not and play it well
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