Can you see through that chart | Forex Factory

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Can you see through that chart

  • #1
  • First Post: Jun 16, 2012 12:01pm Jun 16, 2012 12:01pm
If you can understand through that chart, you will know why Mark Douglas said why you don't need to know what is the market going to do next to succeed in the market" and lots of the successfull traders said "Trading is boring, very boring"
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  • #2
  • Jun 16, 2012 12:16pm Jun 16, 2012 12:16pm
I dont care what mr.douglas meant !
But i know how to read charts and how to participate in the
Most favourable way ; ie position youself and dont try to predict
Whats happening next. . Just manage ur open positiOn properly

And if trading gets boring , congrats u are one step closer to become
A pro trader , but be cautioned as boringness just comes hand in hand with
Repetition.... And may lead to decisions u wouldnt have done if u where
Standing on. Your toes. Ie. COncentrate on the markets...

And i dont mean it to be a tough or hard work . If u trade in the zone or flow state... Wich isnt boring but exciting. Hard to explain. But if u are in such a state
U are the boss and a 5 percenter.......
  • #3
  • Jun 16, 2012 5:06pm Jun 16, 2012 5:06pm
It's always the same "after the fact" BS. Traders show charts with S/R and how you could have made money. When it comes to live trading none of them can make a dime cause seeing >through< charts is much more than draw lines.
  • #4
  • Jun 16, 2012 5:24pm Jun 16, 2012 5:24pm
Some times it is very easy to see what is the market going to do next. The hard part is that it is very difficult to know how long will it keep doing it and how far will it take it.
  • #5
  • Jun 16, 2012 10:15pm Jun 16, 2012 10:15pm
Quoting No-Luck
It's always the same "after the fact" BS. Traders show charts with S/R and how you could have made money. When it comes to live trading none of them can make a dime cause seeing >through< charts is much more than draw lines.
When you look at that chart, Do you realise that you always find (or chase) opportunities from market and all of the time you trade your market from nowhere (which you thought you trade from somewhere), while all you need is wait for market to give that to you... ???

OK, it's just me...
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  • #6
  • Jun 16, 2012 11:16pm Jun 16, 2012 11:16pm
Quoting KMidas
The hard part is that it is very difficult to know how long will it keep doing it and how far will it take it.
Shouldn't, shouldn't care of that... at that time your MM come to play
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  • #7
  • Jun 17, 2012 7:03am Jun 17, 2012 7:03am
Quoting No-Luck
It's always the same "after the fact" BS. Traders show charts with S/R and how you could have made money. When it comes to live trading none of them can make a dime cause seeing >through< charts is much more than draw lines.
haha, so true
  • #8
  • Jun 17, 2012 7:06am Jun 17, 2012 7:06am
Quoting goldtrader
If you can understand through that chart, you will know why Mark Douglas said why you don't need to know what is the market going to do next to succeed in the market" and lots of the successfull traders said "Trading is boring, very boring"
Looks like "No Brainier trades" Billy Ray style to me

What is it you see?
Time hides Nothing
  • #9
  • Jun 17, 2012 7:42am Jun 17, 2012 7:42am
Quoting CindyXXXX
Looks like "No Brainier trades" Billy Ray style to me

What is it you see?
The chart show me that succeed is not in the market, it is from inside me, lots of traders try everyday to find it in the market, but it's not there...

I don't mean you don't have to study about the market, you must have some edge to trade in the market with your suitable MM, but when you have it, don't try to use to conquer the market, you have stand there waiting for market come to you...

like warren buffet once said if you have to wait, as long as it's needed...

And the edge is sometimes very, very simple, everybody already have it, but they don't have confidence to use it because they don't think it good enough...

Ok I stop here and I will leave it to all of you, I know lots of people will realize it...

Happy Trading!
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  • #10
  • Jun 17, 2012 8:05am Jun 17, 2012 8:05am
Quoting Custos
haha, so true
Same chart, same style, even entry at the same time but one can get profit, one doesn't, it happened at everything in life, you can find it at some at your friends...

Ok, I see a lots of "after the past" in my life, lots of them are BS, but still there some real thing, you have to realize it for yourself...

I don't post "after the fact" thing, I post "facts on the chart"
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  • #11
  • Jun 17, 2012 8:05am Jun 17, 2012 8:05am
Quoting goldtrader
The chart show me that succeed is not in the market, it is from inside me, lots of traders try everyday to find it in the market, but it's not there...

I don't mean you don't have to study about the market, you must have some edge to trade in the market with your suitable MM, but when you have it, don't try to use to conquer the market, you have stand there waiting for market come to you...

like warren buffet once said if you have to wait, as long as it's needed...

And the edge is sometimes very, very simple, everybody already have it, but they...
Easier said than done my friend... So like you say it's in you.

Your chart spans over 1 year... What's to say 2013 doesn't trend like a mofo what then?

Look at your 9391 level for example... That one didn't hold on the way up? What then? Wait till next year? (keeping in mind most all pairs are correlated to the extremities).,
Time hides Nothing
  • #12
  • Jun 17, 2012 8:06am Jun 17, 2012 8:06am
Quoting No-Luck
It's always the same "after the fact" BS. Traders show charts with S/R and how you could have made money. When it comes to live trading none of them can make a dime cause seeing >through< charts is much more than draw lines.
Everyone should print it out and post it above their trading window I keep saying the same.
  • #13
  • Jun 17, 2012 8:17am Jun 17, 2012 8:17am
Quoting CindyXXXX
Easier said than done my friend... So like you say it's in you.

Your chart spans over 1 year... What's to say 2013 doesn't trend like a mofo what then?
You don't have to do anything if you don't have a chance... look at another pair

Ok, I trade almost all of the pairs with daily chart, and I think that's enough for me (10 to 20 trades each year is enough for me), maybe because I trade in my local stock market so I think I trade the FX like that is enough (Because FX is outside my country)

If you can focus a full time trading, I think 15M of 1H chart with one pair is good enough, you may have one trade a week ???

I think you know it a lot better than me...
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  • #14
  • Jun 17, 2012 8:18am Jun 17, 2012 8:18am
Quoting paka
Everyone should print it out and post it above their trading window I keep saying the same.
In your 8 other posts I'm just not feeling you there dawg...
Time hides Nothing
  • #15
  • Jun 17, 2012 8:19am Jun 17, 2012 8:19am
Hahahaa, well said nonetheless that's what I think
  • #16
  • Jun 17, 2012 8:23am Jun 17, 2012 8:23am
Quoting goldtrader
You don't have to do anything if you don't have a chance... look at another pair

Ok, I trade almost all of the pairs with daily chart, and I think that's enough for me (10 to 20 trades each year is enough for me), maybe because I trade in my local stock market so I think I trade the FX like that is enough (Because FX is outside my country)

If you can focus a full time trading, I think 15M of 1H chart with one pair is good enough, you may have one trade a week ???
I think you know it a lot better than me...
Now you're fast forwarding the situation. Sorry I edited my other post above.

But sure, I don't trade S/R myself per sae so I can't really comment on the viability on the method although I spent a long time in the Billy Ray camp. Was one of the best and most enjoyable threads on the forum for my learning but in the end I couldn't bare catching knives anymore. That's just me.

So sure all of what you say is true... A solid entry combined with Patience, money management. Not doubting it for a second. No use talking about it though if you are yet to do it. That's all I will say.

And it is a sexy looking chart that's for shiz.
Time hides Nothing
  • #17
  • Jun 17, 2012 8:47am Jun 17, 2012 8:47am
Quoting CindyXXXX
Now you're fast forwarding the situation. Sorry I edited my other post above.

But sure, I don't trade S/R myself per sae so I can't really comment on the viability on the method although I spent a long time in the Billy Ray camp. Was one of the best and most enjoyable threads on the forum for my learning but in the end I couldn't bare catching knives anymore. That's just me.

So sure all of what you say is true... A solid entry combined with Patience, money management. Not doubting it for a second. No use talking about it though if you are...
Infact what I want to share here is not setup...

If you want to ask about the setup like in the chart I will not catch a falling knive, I always wait for a reaction candle to confirm me that level maybe hold...
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  • #18
  • Jun 17, 2012 9:05am Jun 17, 2012 9:05am
Quoting goldtrader
Infact what I want to share here is not setup...

If you want to ask about the setup like in the chart I will not catch a falling knive, I always wait for a reaction candle to confirm me that level maybe hold...
Sorry I should know better than to jump to conclusions.

I have a challenge for you. Put your ego on the shelf and whilst you're waiting for these set ups post them in this thread BEFORE the fact.

I think it would be beneficial for you and make an interesting thread.

Just a thought.
Time hides Nothing
  • #19
  • Jun 17, 2012 9:43am Jun 17, 2012 9:43am
Quoting CindyXXXX
Sorry I should know better than to jump to conclusions.

I have a challenge for you. Put your ego on the shelf and whilst you're waiting for these set ups post them in this thread BEFORE the fact.

I think it would be beneficial for you and make an interesting thread.

Just a thought.
I won't do that in the forum because... I just still not a good trader

Everytime I'm gonna doing that I failed, maybe because as I have to find something to prove for other people, I will chase market and I will take the trade I should't trade...

and when you do that you put your ego on it for sure... so it will harm you

and If I post a wining trade "before the fact", it benefit nothing for me and other people, I'm for sure, because it's only a trade and what you can learn through a trade

Infact when I trade I often tell my friend that I take those trades, these trades, and they never take it serious because lot of time they see market go against my trade, they just don't understand that why I'm always wrong but I can still get benefit and survive while they don't...

And the last is I think I quit from posting on internet forum because trading is my own game and I can do it alone, I post it because I cannot help the feeling to share that moment...

And for the setup you said it might reliable, maybe you should try it, trade it and you will see it not reliable like you thought about it on chart, but when you have confidence about yourself it will be reliable
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  • #20
  • Edited 10:32am Jun 17, 2012 9:46am | Edited 10:32am
Quoting goldtrader
I won't do that in the forum because...

Everytime I'm gonna doing that I failed, maybe because as I have to find something to prove for other people, I will chase market and I will take the trade I should't trade...

and when you do that you put your ego on it for sure... so it will harm you

and If I post a wining trade "before the fact", it benefit nothing for me and other people, I'm for sure, because it's only a trade and what you can learn through a trade

Infact when I trade I often tell my friend that I take those trades, these trades,...
expected answer. So back to the after-the-fact charts, my guru

I find it always funny that traders who are not yet profitable start such threads and tell everybody that trading is so easy. haha, hilarious. In an ideal forum unprofitable traders should be restricted from posting anything, then the misinformation will drop massively, unfortunately there is no way of knowing who are the crappy traders and who are the good ones, so that solution won't work.
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