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  • #641
  • Apr 14, 2012 6:53pm Apr 14, 2012 6:53pm
Quoting Turveyd
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...
Just wondering, how can you ever get support and resistance chart right with a line chart?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #642
  • Apr 14, 2012 6:53pm Apr 14, 2012 6:53pm
Quoting Slim Buffett
I'm sure you have many fans. The dumb often lead the dumber.
At least you have 3 fans
New voice message: Why are you calling me? If I need you, I'll call you!
  • #643
  • Apr 14, 2012 7:14pm Apr 14, 2012 7:14pm
Quoting Turveyd
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.
Low liquidity is usually not followed by a big move.That's because low liquidity generally happens during "off trading" hours such as at the end of the US trading session, holidays, etc.


Quoting Turveyd
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.
In the previous post you say candles are useless. Now its easier to see S/R with candles than with line charts. Of course, the BS Chinee are to blame for all trading problems !!! ?[/quote]

Quoting Turveyd
Current market conditions, most moves have legs so jumping in on a move in it's direction will likely get you some good returns.
This is a bit absurd (IMHO) If you jump in on a "move" that just hit resistance in a downtrend (for example)
you're screwed ! Well, that's just my opinion


got'ta go
When the Joker is in the deck.. fear not and play it well
  • #644
  • Apr 14, 2012 9:12pm Apr 14, 2012 9:12pm
Hey I'm the only one following this thread
New voice message: Why are you calling me? If I need you, I'll call you!
  • #645
  • Apr 14, 2012 9:12pm Apr 14, 2012 9:12pm
Quoting KillerWhale
Hey I'm the only one following this thread
Oh no, I just had to refresh
New voice message: Why are you calling me? If I need you, I'll call you!
  • #646
  • Apr 14, 2012 9:56pm Apr 14, 2012 9:56pm
Quoting pipmutt
http://i41.tinypic.com/34ooum9.jpg

first attempt, wish trading was this EASY

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It takes a lot for me to IGNORE you, but you can try.
  • #647
  • Apr 14, 2012 9:57pm Apr 14, 2012 9:57pm
Quoting Turveyd
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...
Wait a second here, what has the Chinese got to do with doji?
  • #648
  • Apr 15, 2012 12:53am Apr 15, 2012 12:53am
Quoting Erebus

first attempt, wish trading was this EASY

Guess I better cross Thailand off my list of holiday destinations!
  • #649
  • Apr 15, 2012 12:54am Apr 15, 2012 12:54am
Quoting SnailRoll

Wait a second here, what has the Chinese got to do with doji?
lol, who knows with this thread!

Maybe he's thinking of yīnyáng, but anything is possible!
  • #650
  • Apr 15, 2012 1:01am Apr 15, 2012 1:01am
Quoting Turveyd

low liquity is followed by a big move

Candles....it's the BS Chinese....Doji and all the rest of it

Current market conditions, most moves have legs so jumping in on a move in it's direction will likely get you some good returns.
Oh boy.........

You really need to use a stop loss with your posting man!
  • #651
  • Apr 15, 2012 1:18am Apr 15, 2012 1:18am
Quoting pipmutt
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.



Me too, especially those who think their way is the only way!
Whatever
  • #652
  • Apr 15, 2012 1:58am Apr 15, 2012 1:58am
............... you get a post like this, wondering what happened?



http://www.forexfactory.com/showthre...69#post5572969

QUOTED AS PER LINK

Thread Changes
Hello,

I am writing this as an observation. I do not want drama or controversy. If I did not enjoy this community so much, I would not bother to bring up these points.

In my opinion, this thread has changed.

We started out with a few rules for a system that had been over 90% profitable for the past year. Have we really improved on that? Is anyone here successful in over 90% of their trades now? If not, what are we doing?

Look at the changes.

We had a defined approach to day trading with 4 simple rules. Now we have a 10 point checklist for a single entry with a monolith of technical analysis. We had a concrete set of indicators. Now we do not have any of our original indicators except HA candles and TMA bands. Instead we have a screen full of Coral, 200 MA and RSI, none of which I can find one single rule on the first page to apply to a day trade. We spend our time hypostasizing about what will happen to the Euro in 6 months while missing what is happening today. Now suddenly the H1 timeframe, which in the beginning was an afterthought, is the time frame of choice. I just do not understand the point of these changes.

I ask again, is anyone now successful in over 90% of their trades as originally discussed?

Now, before I get an avalanche of negative responses, let me say a couple of things:

1) I know I can still trade the 15 minute timeframe and the old rules if that is what I am comfortable with. I just miss everyone being on the same page with the same rules and the same focus. In my opinion, it made for a better community.

2) This in no way is meant to be a negative reflection on Alfredo. I have learned more on this thread than from any other single source regarding currency trading. I consider him a friend.

As I said, these are just my observations. Maybe I am the only one.

Sincerely,

William

It takes a lot for me to IGNORE you, but you can try.
  • #653
  • Edited 3:40am Apr 15, 2012 2:55am | Edited 3:40am
I have never really learn't anything from this forum, my best knowledge was gained from pro's webinars and a mentor who gave up hours of his time for free, for which i am eternally grateful. I'm not saying there isn't any good information on FF, but you gotta dig through a lot of cow shit...

When I stated posting here it was because I genuinely wanted to help others, jury is out on that one as to my success, ok, maybe a little was my ego too and wanting my success to be recognized, everyone must admit to that too, too some extent...?

I will go out on a limb here and say, with just s/r, trend reading and price action you should be able to fairly accurately plot the direction and stopping points for a currencies move for each day and for each week.... no doubt i will get some mud slinging for this statement, but i don't give a shit because it was an exercise I did for 18 months with my mentor and I know it is possible...

Sure, you won't always be right, but if you do some higher tf analysis and plot the points of interest for the day you will improve your results, just jumping on the bus because it looks to be going your way is weak and I would be surprised if that would generate consistent profits...

To really learn how to read price, trend and s/r could never really be encompassed in one thread on here, it would be one hell of a thread and have to be totally discretionary... that is the point.... Setting your charts and analysis is discretionary, but you then need to have rules with which to trade that information...

ok, flame away people!
tradewith60
  • #654
  • Apr 15, 2012 3:46am Apr 15, 2012 3:46am
Quoting 60minuteman
I have never really learn't anything from this forum, my best knowledge was gained from pro's webinars and a mentor who gave up hours of his time for free, for which i am eternally grateful. I'm not saying there isn't any good information on FF, but you gotta dig through a lot of cow shit...

When I stated posting here it was because I genuinely wanted to help others, jury is out on that one as to my success, ok, maybe a little was my ego too and wanting my success to be recognized, everyone must admit to that too, too some extent...?

I will...

Good post.

I am sure you will also agree with me that now you have found that relatively clean charts, multi time-frames and pure price works to the exclusion of almost everything else, you cannot fail to notice nuances of price and get a better and better understanding of the markets.

Happy trading
  • #655
  • Apr 15, 2012 4:03am Apr 15, 2012 4:03am
Quoting jag1966
Good post.

I am sure you will also agree with me that now you have found that relatively clean charts, multi time-frames and pure price works to the exclusion of almost everything else, you cannot fail to notice nuances of price and get a better and better understanding of the markets.

Happy trading
Definitely Jag, when you start noticing that all the pro strategies are in effect the same principles approached from slightly different angles, and your strategy has confluence with them, then you are on the right course...

To be consistent you have to:

1. have a written plan for entering and exiting trades.
2. have a clear money management plan that you stick too.
3. Do some analysis before even contemplating trading and from that decide what the direction will most likely be, and what signals you want to confirm that.
4. Have you head sorted before you trade, be totally confident in what you are about to do and have sound reasoning behind it.
5. Record your data from live testing/trading and base all the previous points off of that.
6. Be aware that trading is easy, but the path to it is very hard... there is no mystery to technical analysis, its just a combination of elements to give you an edge in the market.
tradewith60
  • #656
  • Apr 15, 2012 4:36am Apr 15, 2012 4:36am
The sort of analysis thats needed before you even think about a trading strategy... all discretionary, but in my mind vital before you even consider entry, exit, tp rules etc etc
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tradewith60
  • #657
  • Apr 15, 2012 5:25am Apr 15, 2012 5:25am
Quoting pipmutt
Guess I better cross Thailand off my list of holiday destinations!
don't be like that pipmut, where else can you trade London open at 2 in the afternoon!!!

and I have a great strategy for trading the re-test of the asian bottom...

Inserted Video
tradewith60
  • #658
  • Apr 15, 2012 5:42am Apr 15, 2012 5:42am
Quoting 60minuteman
The sort of analysis thats needed before you even think about a trading strategy... all discretionary, but in my mind vital before you even consider entry, exit, tp rules etc etc
Always great, these after-the-fact analyses.
  • #659
  • Apr 15, 2012 5:48am Apr 15, 2012 5:48am
Quoting Custos
Always great, these after-the-fact analyses.
yes they are, you might learn something from it
tradewith60
  • #660
  • Apr 15, 2012 5:51am Apr 15, 2012 5:51am
CURRENT EJ H4

for all you "after the fact people"

and trade from friday before the fact
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tradewith60
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