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  • #421
  • Jul 16, 2012 10:21am Jul 16, 2012 10:21am
Quoting pipsallday
nothing open today tom
will sit back for a day or two now and get into the swing of things again
missed the buzz of it all looking forward to the week ahead
as you know i trade $50 a pip and look for 20 pips a day ( easy )
i will post as much info here as i trade
i see a lot of new names here im looking forward to getting to know you all

Thanks Trevor
Btw Nice to know you mate...
If there was easy money lying around,no one would be forcing it into your
  • #422
  • Jul 16, 2012 10:24am Jul 16, 2012 10:24am
A very simple and effective way to distinguish fake break out from a real one was described by Nison.
From 3:35 sorry if it's to noobish but simpler the better

Inserted Video
swing it!
  • #423
  • Jul 16, 2012 10:26am Jul 16, 2012 10:26am
Quoting FXMindset
Btw Nice to know you mate...
cheers buddy
Trade What You See Not What You Want To See
  • #424
  • Jul 16, 2012 10:33am Jul 16, 2012 10:33am
Quoting tomspin
A very simple and effective way to distinguish fake break out from a real one was described by Nison.
From 3:35 sorry if it's to noobish but simpler the better

http://www.youtube.com/watch?v=zK0mx...feature=relmfu
i appreciate it. i am not talking about that...i am talking about using market microstructure pattern to SEE what the smart money is doing through statistical analysis and accounting for false positives.

anyways, i appreciate your help, tomspin. thanks for engaging me on this issue.

on the other news...the EUR/USD is bullish again...dump 85% of cargo at 1.2266..leaving the remaining 15% till kingdom come...either the bulls or the bear...PREFERABLy, I WILL like to sell that remaining 15% at 1.2400 or at BE+1. WHICH ever one comes first.

previous chart
http://www.forexfactory.com/attachme...5&d=1342432763
update chart
http://www.forexfactory.com/attachme...8&d=1342443970
FINAL UPDATE CHART.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-07-16_11-33_OANDA.jpg Size: 75 KB
" It may mean something. It may mean nothing at all "
  • #425
  • Jul 16, 2012 10:39am Jul 16, 2012 10:39am
can anyone help me out here
my screen on this thread is very wide is there a setting i need to know about ??
Trade What You See Not What You Want To See
  • #426
  • Jul 16, 2012 10:39am Jul 16, 2012 10:39am
Quoting Skynet
CASSIUS,

you are a quantitative trader?

what is your take on this?

I saw this post of yours earlier and it peaked my interest, but I passed it by. I downloaded the paper just now and will have to give it a read...

Not specific to the paper and its methods... which I haven't read yet, I trade an algorithm that qauntifies the quality of a breakout....

the idea is to have a screen to filter out breakouts that are likely to fail.... be false breakouts.... from breakouts that are likely to go on and hit a profit target that is far enough away from entry to allow a 2 to 1 risk to reward ratio and still give enough room for market noise to stay away from the stop loss...

From a thirty thousand foot overview, I surmise that is along the lines you are thinking of pursuing. I won't give away my secret sauce, but I have been successful in devising an algorithm that achieves that. I am sure it is not the same method used in the paper. The signature of a good breakout begins to be put into the data before the breakout occurs..... I believe because smart money is moving early into the move, just as the shocks of an interest rate change are observable in the data before the rate announcement ( gleaned by reading the paper's summation)..... again, because I believe, smart money is already moving ....So if you are asking is it worth pursuing... why yes... it is.
  • #427
  • Jul 16, 2012 10:41am Jul 16, 2012 10:41am
Quoting Skynet
i appreciate it. i am not talking about that...i am talking about using market microstructure pattern to SEE what the smart money is doing through statistical analysis and accounting for false positives.

anyways, i appreciate your help, tomspin. thanks for engaging me on this issue.
I see what you are looking for now. I always felt intimidated by this type of analysis ergo found candles the easiest whay to understand what is going on with the market - cannot say it is the best way but it suits me at my present level of knowledge - Gator is your guy on this one (I think) - he knows his stuff and may be helpful - PM him.
swing it!
  • #428
  • Jul 16, 2012 10:44am Jul 16, 2012 10:44am
Quoting pipsallday
can anyone help me out here
my screen on this thread is very wide is there a setting i need to know about ??
if it's laptop and you are using touch pad by any chance grab it in the middle like you would lift a pinch of salt and spread you fingers - like on I phone this should zoom out your web page
swing it!
  • #429
  • Jul 16, 2012 10:55am Jul 16, 2012 10:55am
Quoting tomspin
if it's laptop and you are using touch pad by any chance grab it in the middle like you would lift a pinch of salt and spread you fingers - like on I phone this should zoom out your web page
no this is on my main computer
i have to go from left to right to read posts
Trade What You See Not What You Want To See
  • #430
  • Jul 16, 2012 10:59am Jul 16, 2012 10:59am
Quoting pipsallday
no this is on my main computer
i have to go from left to right to read posts
shite, maybe your web browser settings some sort of zoom adjustment or even in windows, no idea mate maybe somebody else will help.
swing it!
  • #431
  • Jul 16, 2012 11:01am Jul 16, 2012 11:01am
Quoting tomspin
shite, maybe your web browser settings some sort of zoom adjustment or even in windows, no idea mate maybe somebody else will help.
thanks tom
when i go back into other threads its fine
Trade What You See Not What You Want To See
  • #432
  • Jul 16, 2012 11:14am Jul 16, 2012 11:14am
Quoting MaxDoom

........So from a simple elliot and fib perspective the daily direction maybe UP and the H4 direction may also be UP.

So my trade plan for the day is to buy dips and becomes invalid if we take out the low of 1.216x

The downside risk is that daily wave 5 is not complete or H4 wave 3 is not complete hence invalid below 1.216x

Still long from 2189
  • #433
  • Jul 16, 2012 11:36am Jul 16, 2012 11:36am
Quoting MaxDoom
Still long from 2189
Nice! No sweeting sweet pippin, What's your target Max?
swing it!
  • #434
  • Jul 16, 2012 11:54am Jul 16, 2012 11:54am
Quoting tomspin
Nice! No sweeting sweet pippin, What's your target Max?
target zone is 1.236x to 1.249x assuming no significant pullbacks.
  • #435
  • Jul 16, 2012 12:03pm Jul 16, 2012 12:03pm
Quoting FXMindset
Hold and...

Back later when London closed


See ya all
Back and hold long till wednesday @ 1.2507
If there was easy money lying around,no one would be forcing it into your
  • #436
  • Jul 16, 2012 12:09pm Jul 16, 2012 12:09pm
Quoting pipsallday
thanks tom
when i go back into other threads its fine
Good day to you,

It is because some member here is posting charts outside of "normal" width. I believe 800x600 pixels to be standard. Anything above this framework posted - will widen the thread/screen.

Regards
  • #437
  • Jul 16, 2012 1:40pm Jul 16, 2012 1:40pm
Quoting TauTrader
Good day to you,

It is because some member here is posting charts outside of "normal" width. I believe 800x600 pixels to be standard. Anything above this framework posted - will widen the thread/screen.

Regards
Well, it is still depends on the browser, I guess IE would do that.

No change from my posted threads yet, though 2335 area looks like a good resistance now, that levels might give us a good pattern, the UC looks good as well, the Gold took my TPs, rallied back for a retest, so took 2 shorts again.

Added EJ to a game with 2 positions, the first TP was just taken, looking for the next at 97.26

GY is bouncing and cannot reach my final target (I am long), more than 100 pips.

Good day/Night for all traders
  • #438
  • Jul 16, 2012 1:43pm Jul 16, 2012 1:43pm
TOMSPIN and CASSIUS,

thank you very much. to me, the smart money are generally always in before everybody....everything is rigged to some extent. mapping them out, will be good profits. (if i can pull it off. will probably need the help of my mathematician friends).

I will try and get in contact with gator...thanks for the reference, tomspin. There is no need to be intimidated by a bunch of quants....most of the time, they suck at trading. here is an art to trading that goes beyond numbers.
" It may mean something. It may mean nothing at all "
  • #439
  • Jul 16, 2012 1:44pm Jul 16, 2012 1:44pm
Quoting Skynet
........
price target? dont know...honestly. because this is profit taking,...it can go low or high....dont know. i have attached a chart showing levels that i will watch for.

the second area marked on this chart...level 1.2289 has been reached. hooray!!!....where to next? hopefully 1.2400!!! ahahahha. i can dream, can't i? hehehehe.

i still have 15% left from this trade...so, yeah, i wont mind 1.2400.....


anyways, chart update attached:
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-07-16_14-28_OANDA.jpg Size: 63 KB
" It may mean something. It may mean nothing at all "
  • #440
  • Jul 16, 2012 1:47pm Jul 16, 2012 1:47pm
Quoting Skynet
the second area marked on this chart...level 1.2289 has been reached. hooray!!!....where to next? hopefully 1.2400!!! ahahahha. i can dream, can't i? hehehehe.

i still have 15% left from this trade...so, yeah, i wont mind 1.2400.....


anyways, chart update attached:
Hosheeee
If there was easy money lying around,no one would be forcing it into your
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