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  • #637,521
  • May 1, 2012 11:49am May 1, 2012 11:49am
Quoting IMARICH1
I can't identify Tops and Bottoms but I can see a HL, LL or LH or HH with DIV or Hidden DIV but it doesn't always pan out for if that is what you mean.

There are levels and I know it. I was trained by a good trader once here on how to use Fib extensions off a 15m and 1hr chart using an 80MA. But I was never consitent with entry and exit.

I could train someone in Forex and charge a fee to teach them all I know and they would be amazed and think they reallly have the Holy Grail and find out after blowing up accounts and losing that they were...

In addition to your technical entries what are the other money flow clues telling you that confirm or deny your trade? The auction process was important to me. You need to know the basics of why markets even exist and operate as they do. It's not some nice little formula you plug in and you make money. It's a real discounting mechanism for finding the values of products instrument.
Do your time and enjoy the ride...
  • #637,522
  • May 1, 2012 11:50am May 1, 2012 11:50am
Lets see if this comes back and retests.... I entered 5 times and one of the shorts still under water. Let the market decide
Attached Image
Entries in the wicks over and over **PVSRA rules!
  • #637,523
  • May 1, 2012 11:53am May 1, 2012 11:53am
I have had Institutional Platforms and level tiers but that never panned out either. If everyone could know where everyone was at; then, there would be no advantage. I am not sure I believe there are TRUE ways to see ORDERS.

I think attila has used the market profile indicator and that makes sense to me but I have not been able to use it correctly even though I know that is where PA may go to or return to.

I am just being transparent so others understand that trading is very tuff until you have something that works. I used Pitchforks and that worked sometimes but not always and as cloggie said, "it biased" me. Not good!
  • #637,524
  • May 1, 2012 11:55am May 1, 2012 11:55am
Quoting Mullendoy
Yes, you are in the wrong place.
This is the 'Endless Pointless Argument (especially if there's anything to trade) Thread'.

I also made the same mistake as you.
Run Now whilst you still have chance...Too late, You're In!
Welcome to the Online trader's pit!
  • #637,525
  • May 1, 2012 11:56am May 1, 2012 11:56am
I appreciate the help! I admit I do not understand the auction process at all. Is this tied into the ES, DAX and Bunds?

I have to go for a few and deal with my real day job. I'm a probation officer and have a crisis to deal with right now. I will be back.
  • #637,526
  • May 1, 2012 11:56am May 1, 2012 11:56am
Quoting IMARICH1
I have had Institutional Platforms and level tiers but that never panned out either. If everyone could know where everyone was at; then, there would be no advantage. I am not sure I believe there are TRUE ways to see ORDERS.

I think attila has used the market profile indicator and that makes sense to me but I have not been able to use it correctly even though I know that is where PA may go to or return to.

I am just being transparent so others understand that trading is very tuff until you have something that works. I used Pitchforks and that...
Market profile takes time to learn properly imo and even then you have to know how to use the information it is giving you... Takes practice.
Do your time and enjoy the ride...
  • #637,527
  • May 1, 2012 11:59am May 1, 2012 11:59am
Quoting IMARICH1
I appreciate the help! I admit I do not understand the auction process at all. Is this tied into the ES, DAX and Bunds?

I have to go for a few and deal with my real day job. I'm a probation officer and have a crisis to deal with right now. I will be back.
PM
Do your time and enjoy the ride...
  • #637,528
  • May 1, 2012 12:00pm May 1, 2012 12:00pm
Quoting IMARICH1
I can't identify Tops and Bottoms but I can see a HL, LL or LH or HH with DIV or Hidden DIV but it doesn't always pan out for if that is what you mean.

There are levels and I know it. I was trained by a good trader once here on how to use Fib extensions off a 15m and 1hr chart using an 80MA. But I was never consitent with entry and exit.

I could train someone in Forex and charge a fee to teach them all I know and they would be amazed and think they reallly have the Holy Grail and find out after blowing up accounts and losing that they were...

Well, I'll give you a bit while FF decides what to do with me.

3232 has been mentioned loads by me before and that is one to watch closely here, a H4 close and a H1 momentum will put 31857 back into play (right of the daily) there are some minor ones betwee the 2 but a failed close with no momentum of my big number on top ( what made me decide my short earlier today as posted between the rest of the crap here) and that negates 1.34.

You have to keep in mind though that todays move was news driven, you have to give the techs the time to catch up. 3232 will be a tech player here. What you need for prolonged shorts, and what HDA is eyeballing here is a momentum below 3232 to get to 31857, then what you need down there is the position traders to change their mind and give up on 1.34, something I have been going on about for over 2 weeks here.

So it is not always as simple as looking at a level, you need to know who is looking at that level and for what reason.

You can't just simply say, ah 3232, so now 31857. 3232 needs a close below, a momentum, enough traders, and we got 31857, then you need to look at the other traders who were eyeballing that one (go back over my spain posts, those explain 31857 well and give you both the tech and fundamental thinking behind it.)

A close tomorrow during London session on the H4 with enough traders on the floor will give room for more down, a close above, especially late in the session will only mean that the H4 is going into range mode.


right now H1 is starting to range here, H4 is pointing down but wants to build a support here. The daily is in decision territory as that will change the whole momentum on that TF away from 1.34.


I am not saying 1.34 is of the board, all we need to get it back in focus is have the tech traders negate this fundie drive we saw today.

Now of course there is a lot of correlated markets to look at also.

BTW, I don't really look at level2, I used it for a bit and found it to be useless.

As of late I am trading a lot more like a pit trader, hence the scalping work I have been doing for the last 2 years and it is paying of. Today however I choose to go for the 60 pipper, so yes I do change trading methods daily, purely based on what the market is offering at that time.


Now to really put a damper on the whole thing, yes it does take years and there is a level of "gut-feelling" involved that really can't be taught or learned, it needs to be "discovered", one day, the light bulb will go of and all of this shit will make sense and come naturally.

I can happily trade while chatting here, being on the phone, listen to music or watch the Telly. That level of comfort in my trading took a long time to achieve though.
  • #637,529
  • May 1, 2012 12:05pm May 1, 2012 12:05pm
Quoting IMARICH1
I have had Institutional Platforms and level tiers but that never panned out either. If everyone could know where everyone was at; then, there would be no advantage. I am not sure I believe there are TRUE ways to see ORDERS.

I think attila has used the market profile indicator and that makes sense to me but I have not been able to use it correctly even though I know that is where PA may go to or return to.

I am just being transparent so others understand that trading is very tuff until you have something that works. I used Pitchforks and that...
I spend lot of time just observing PA action on 4 currencies only. AU,GU,GY,EU
News information is important such as recent AU rate cut. I had SELL orders anticipating the drop and had tight SL in case I was wrong.Well it worked out in my favor.
I am learning lot of things myself.Sort of accumulation of little things...like for example GU broke below 6200 last night.For me that's a clue that GU is way overdue for correction.Its overbought and overbought heavily.Watch GU closely.Don't place orders yet but anticipate move down.
As far as levels I use this indicator and easily draws correct levels.
Attached File(s)
File Type: mq4 123PatternsV6.mq4   14 KB | 658 downloads
In trading, you have to be defensive and aggressive at the same time
  • #637,530
  • May 1, 2012 12:05pm May 1, 2012 12:05pm
1.3226
1.3223
1.3222
1.3220
1.3219
1.3217
1.3214

Notice anything anyone... The last count, the last pivot was 1.3209
Now it's 1.3214.
Whats that telling you?
  • #637,531
  • May 1, 2012 12:06pm May 1, 2012 12:06pm
Quoting mofu.Dnewbie
I'm up 28.5% this week.
http://www.forexfactory.com/mofu.dnewbie
that was yesterday. now am at 45.8% for the week.
you guys stop bitching around and concentrate on making money . hit and run still the best. just make sure u know how to run fast.
C.O.B.R.A FX - MENACE TO MY BROKER!!
  • #637,532
  • May 1, 2012 12:07pm May 1, 2012 12:07pm
Quoting IMARICH1


I could train someone in Forex and charge a fee to teach them all I know and they would be amazed and think they reallly have the Holy Grail and find out after blowing up accounts and losing that they were cheated. I could never do that to someone which is why I like the fact cloggie defends against it. But, he is good and has this down and there is a reason and I understand he can't just share it or feel pressured to.
I agree, you can't just tell people trades, buy @ x price, sell at y, SL at z.
They will never learn, I realized that when I first started and began following professional traders as they shared their trades.

My revelation: When i followed their trades, I personally didn't care what the knowledge was, I just wanted to know A: if they would be right, and B: That I could place my trade exactly as they did. I wasn't actually learning, I was merely mimmicking and "betting" that this trader would be right/wrong. So at best, I would have the exact same trade record they did with no work to become a trader myself.

I met a trader who would NEVEr tell you a trade, he was always trading, but he refused to ever tell a trade and demean himself to a 'signal service". I started realizing why, he meant to do this to HELP you understand HOW he sees the market, not what he does. it's exceptionally helpful to have a mentor, NO QUESTION, but you have to learn it on your own, and in that aspect, there's no shortcut.
  • #637,533
  • May 1, 2012 12:09pm May 1, 2012 12:09pm
Cloggie,

would you please look at my post on page 42494? Perhaps you oversaw it ^_^
  • #637,534
  • May 1, 2012 12:09pm May 1, 2012 12:09pm
My posts have still survived the ministry of Truth...


Hmmmmm.......
  • #637,535
  • May 1, 2012 12:09pm May 1, 2012 12:09pm
Quoting Davit
I spend lot of time just observing PA action on 4 currencies only. AU,GU,GY,EU
News information is important such as recent AU rate cut. I had SELL orders anticipating the drop and had tight SL in case I was wrong.Well it worked out in my favor.
I am learning lot of things myself.Sort of accumulation of little things...like for example GU broke below 6200 last night.For me that's a clue that GU is way overdue for correction.Its overbought and overbought heavily.Watch GU closely.Don't place orders yet but anticipate move down.
As far as levels I...

How many traders at GS/DB/UBS/BC use that indy????



Just saying......
  • #637,536
  • May 1, 2012 12:11pm May 1, 2012 12:11pm
Quoting cloggie
Well, I'll give you a bit while FF decides what to do with me.

3232 has been mentioned loads by me before and that is one to watch closely here, a H4 close and a H1 momentum will put 31857 back into play (right of the daily) there are some minor ones betwee the 2 but a failed close with no momentum of my big number on top ( what made me decide my short earlier today as posted between the rest of the crap here) and that negates 1.34.

You have to keep in mind though that todays move was news driven, you have to give the techs the time to catch...
Dont need to leave in here sir cloggie,keep post as usual and dont need take everything to personal,sometimes we try hard to teach our children,but if they wants to change to a bad person,then he still will like to change...in this self and life journey,its all about self discovery..

am only see one problem here like before as am saw some members follow you post style and seem join this party,truthly this is not a good example for others..

I am and Sir chicky always here for many years to come and we remain the same like this as before as we trust your honesty
If there was easy money lying around,no one would be forcing it into your
  • #637,537
  • May 1, 2012 12:13pm May 1, 2012 12:13pm
Quoting hardpippin
1.3226
1.3223
1.3222
1.3220
1.3219
1.3217
1.3214

Notice anything anyone... The last count, the last pivot was 1.3209
Now it's 1.3214.
Whats that telling you?
1.3214 is your Pivot...and you have no numbers below it? I'm confoooosed.

Also... you've given seven figures within a 12pip range. Reallly confoooosed!

What happens if your 12pip range is printed with an M1 candle? I don't understand your method at all. Maybe a chart with an explanation may help? Or a link to where you explain it.

In response to your question directly, I assume you want to hear...its going up.
  • #637,538
  • May 1, 2012 12:14pm May 1, 2012 12:14pm
Quoting cloggie
Well, I'll give you a bit while FF decides what to do with me.

3232 has been mentioned loads by me before and that is one to watch closely here, a H4 close and a H1 momentum will put 31857 back into play (right of the daily) there are some minor ones betwee the 2 but a failed close with no momentum of my big number on top ( what made me decide my short earlier today as posted between the rest of the crap here) and that negates 1.34.

You have to keep in mind though that todays move was news driven, you have to give the techs the time to catch...
Oh Thank you Cloggie, hope this kind of post of yours will contnue. Thanks
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #637,539
  • May 1, 2012 12:14pm May 1, 2012 12:14pm
Quoting kenfen69
1.3214 is your Pivot...and you have no numbers below it? I'm confoooosed.

Also... you've given seven figures within a 12pip range. Reallly confoooosed!

What happens if your 12pip range is printed with an M1 candle? I don't understand your method at all. Maybe a chart with an explanation may help? Or a link to where you explain it.

In response to your question directly, I assume you want to hear...its going up.

You gonna regret this.
  • #637,540
  • May 1, 2012 12:15pm May 1, 2012 12:15pm
Quoting Avir
Oh Thank you Cloggie, hope this kind of post of yours will contnue. Thanks

They won't if FF does not commit to some changes here. I don't want to participate on a forum that is biased and protective of scammers and brokers.

That is not the place I would want to frequent in my real life, why should I actively participate in it on the internet.
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