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Bounce 'N' Break

  • #381
  • Aug 3, 2012 3:55am Aug 3, 2012 3:55am
Sorry, not sure what happened with last post ??

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  • #382
  • Aug 3, 2012 3:56am Aug 3, 2012 3:56am
Quoting mian_miansab
yes i understand... from now i will trade on demo ...
but i have something that want to ask u?
how you find these good entry points..?
and i wanna know do you use any indicator at all?
thanks for understanding.
NO Indicators !!!

Years in front of the screen !!

Price action and levels
  • #383
  • Aug 3, 2012 3:57am Aug 3, 2012 3:57am
Quoting Dayboy001
Don't take offense but can I ask why you are here in this forum (you are welcome don't get me wrong).

I would like to meet the gambler that can post as good as results as me !!

Gambling, your suggesting luck, surely I can't permanantly have luck?? that just wouldn't be fair

INDICATORS you do realise ALL indicators were devised by experienced people who recognised something !!

The problem is indicators are for the inexperienced who can't see it in the PA !!

and because you have indicators you NEVER LEARN to see it in the PA !!

and when...
I think from my questions at least here today that I am seeking like most if not all others in this forum, to understand your system fully - thats all.

Now, you have yet to show anyone here exactly what you "see" by "price action" - I have no idea whatsoever and if anyone else in this forum understands what you know by price action, I'll "eat my hat."

Most if not all here are following your "signals" without fully understanding the system at all and I don't wish to do that - as I say, I want to understand it but getting rid of my proven indicators for an unknown price action would not be prudent - it appears you aren't able to explain what "price action" you "see."

I would also add that I would not be here if I thought your "system" to be a con - but what the system is in terms of "price action" you simply do not explain - you leave it for others to "see." No one can learn from that.
Nil Desperandum Illegitimi Carborundum
  • #384
  • Aug 3, 2012 4:00am Aug 3, 2012 4:00am
Quoting Dayboy001
Sorry, not sure what happened with last post ??

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Nice pics but just what and how are these levels determined?????
Nil Desperandum Illegitimi Carborundum
  • #385
  • Aug 3, 2012 4:07am Aug 3, 2012 4:07am
People you need to read some stuff about supply/demand. I can't believe that you are trading without understanding anything about what DayBoy is doing.

B.S. Trading with Kenneth Lee :
http://www.forexfactory.com/showthre...24#post4894224

Phanti's E-Book about supply/demand trading :
http://www.forexfactory.com/showthre...85#post5553285

Read those 2 pdf and maybe you'll better understand Dayboy's strategy.
  • #386
  • Aug 3, 2012 4:13am Aug 3, 2012 4:13am
Quoting landre
People you need to read some stuff about supply/demand. I can't believe that you are trading without understanding anything about what DayBoy is doing.

B.S. Trading with Kenneth Lee :
http://www.forexfactory.com/showthre...24#post4894224

Phanti's E-Book about supply/demand trading :
http://www.forexfactory.com/showthre...85#post5553285

Read those 2 pdf and maybe you'll better understand Dayboy's strategy.
Thanks Landre - I will take a look over the weekend at these ebooks and your trading journal.

I am personally not taking all Dayboys trades and I wouldn't trade live without knowing what I am doing - hence I am pressing Dayboy and ANYONE in this forum to explain the "system" such that anyone can trade it - no one has done this yet - everyone, I am CERTAIN, is just blindly following Dayboys signals.
Nil Desperandum Illegitimi Carborundum
  • #387
  • Aug 3, 2012 4:13am Aug 3, 2012 4:13am
Thank you



Quoting landre
People you need to read some stuff about supply/demand. I can't believe that you are trading without understanding anything about what DayBoy is doing.

B.S. Trading with Kenneth Lee :
http://www.forexfactory.com/showthre...24#post4894224

Phanti's E-Book about supply/demand trading :
http://www.forexfactory.com/showthre...85#post5553285

Read those 2 pdf and maybe you'll better understand Dayboy's strategy.
  • #388
  • Aug 3, 2012 4:18am Aug 3, 2012 4:18am
Quoting rasc00
Nice pics but just what and how are these levels determined?????
The lines on the chart were there for a purpose !!

Can you not see where price has previously turned around !!

Trading is about understanding how people work !! it has very little to do with long / short

you can recognize what people are thinking by the PA !!
  • #389
  • Aug 3, 2012 4:23am Aug 3, 2012 4:23am
Quoting Dayboy001
The lines on the chart were there for a purpose !!

Can you not see where price has previously turned around !!

Trading is about understanding how people work !! it has very little to do with long / short

you can recognize what people are thinking by the PA !!
Well, obviously they are there for a purpose - I had no doubt of that - but you don't again explain them or how they relate to your "system."

I think the bottom line here is that you do have a system but are not able to put it into words such that anyone else can follow it - if you could have done this then you would have. But it clearly works for you and good luck with it - it's sad that no-one else can ever understand what the system actually is - such as - you enter when conditions a,b, c are met and exit when conditions a,b and c are met or something similar.

Not allot to ask is it - I presume that's why you started this post - to help people learn your system.
Nil Desperandum Illegitimi Carborundum
  • #390
  • Aug 3, 2012 4:23am Aug 3, 2012 4:23am
Quoting rasc00
Nice pics but just what and how are these levels determined?????
Please take a look at this chart, Price action, is derived from people and how they think.

(This is to help everyone not just rasc00)

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  • #391
  • Aug 3, 2012 4:25am Aug 3, 2012 4:25am
Quoting dayboy001
please take a look at this chart, price action, is derived from people and how they think.

(this is to help everyone not just rasc00)

Attachment
again - just what is the system - just showing all these nice graphs explains nothing at all other than it's price action!!
Nil Desperandum Illegitimi Carborundum
  • #392
  • Aug 3, 2012 4:26am Aug 3, 2012 4:26am
Quoting Dayboy001
Please take a look at this chart, Price action, is derived from people and how they think.

(This is to help everyone not just rasc00)

Attachment
you have to decide whether price will Bounce or Break these levels !!

(hence the name of the thread )

and this is something that I cannot just give you !!

not because I don't want to but because it takes experience !!
  • #393
  • Aug 3, 2012 4:28am Aug 3, 2012 4:28am
Quoting Dza101
am scalping short now @1.2210
Did you take a loss ?
  • #394
  • Aug 3, 2012 4:30am Aug 3, 2012 4:30am
Quoting Dayboy001
you have to decide whether price will Bounce or Break these levels !!

(hence the name of the thread )

and this is something that I cannot just give you !!

not because I don't want to but because it takes experience !!

Ok - but those levels are determined only in hindsight - you don't know at the time when a level has completed or not. If, moving on, it is then down to experience then your "system" is simply not capable of being put into words such that anyone on these postings can follow it.
Nil Desperandum Illegitimi Carborundum
  • #395
  • Aug 3, 2012 4:30am Aug 3, 2012 4:30am
Quoting mian_miansab
Do i ask What you mean by PA!! ??
You may already have the answer but just in case you don't

PA = Price Action

which is the way the price moves up and down stopping and turning around at various points.

and when it passes a level without bouncing it will get an extra spurt. because of traders on the other side of the level with buy/sell orders.
  • #396
  • Aug 3, 2012 4:34am Aug 3, 2012 4:34am
Quoting rasc00
I am CERTAIN, is just blindly following Dayboys signals.
YOU MAKE VERY BOLD STATEMENTS ABOUT WHAT PEOPLE DO AND THINK.

There always has to be someone that looks to start a argument about something they do not understand.

Do you sit next to me when I trade?So why make claims about how I trade.

It doesnt make the slightest of difference to anyone if people follow dayboys calls

YOU TRADE WITH INDICATORS CONSTRUCTED BY OTHER PEOPLE SO IN ACTUAL FACT YOU ARE TRADING THEIR SIGNALS THAT THERE INDICATOR PROVIDES.

FF is a great place for people to learn and share their views and experience.Why start throwing statement around about peoples trading.

IF YOU WANT TO START UNDERSTANDING THE SYSTEM THAT DAYBOY USES GOOGLE DUSTBIN TRADING BY GLENEAGELS AND THE RIVERBOX TRADING SYSTEM THAT CLOGGIE USE TO TALK ABOUT WHEN HE WAS AROUND.
DAYBOY TRADES HIS OWN MIX OF THE TWO.AND SO DO I

He is giving some great insight into his way of interprets the market with the regards to his own system

It is not always that you find great traders willing to share so much and you just come onto his trading journal and harass everyone saying that they are gambling and following trade calls

Like I said i dont want to pick a fight on the internet.its just silly

GL

ROOi:nerd:
We miss 100% of the shots we don't take
  • #397
  • Aug 3, 2012 4:37am Aug 3, 2012 4:37am
Quoting Dayboy001
Did you take a loss ?
yap it took my stop at .2235
  • #398
  • Aug 3, 2012 4:38am Aug 3, 2012 4:38am
rasc00,


look at this, take news out of the equation and look where we are.

A PREVIOUS RESISTANCE

potentially a good place to short

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  • #399
  • Aug 3, 2012 4:38am Aug 3, 2012 4:38am
Quoting Rooi
YOU MAKE VERY BOLD STATEMENTS ABOUT WHAT PEOPLE DO AND THINK.

There always has to be someone that looks to start a argument about something they do not understand.

Do you sit next to me when I trade?So why make claims about how I trade.

It doesnt make the slightest of difference to anyone if people follow dayboys calls

YOU TRADE WITH INDICATORS CONSTRUCTED BY OTHER PEOPLE SO IN ACTUAL FACT YOU ARE TRADING THEIR SIGNALS THAT THERE INDICATOR PROVIDES.

FF is a great place for people to learn and share their views and experience.Why start throwing...
Well Rooi - it's interesting to see your interpretation of my comments and you view them as antagonistic - you are of course quite entitled to your opinion but I note that not even you are either able to (or may choose not to) explain the system ! But if you wish to post to me then kindly do not shout - it is considered rude.
Nil Desperandum Illegitimi Carborundum
  • #400
  • Aug 3, 2012 4:39am Aug 3, 2012 4:39am
Quoting Dayboy001
rasc00,


look at this (GBP 1HR CHART), take news out of the equation and look where we are.

A PREVIOUS RESISTANCE

potentially a good place to short

Attachment
PLEASE NOTE POTENTIALLY

This was used for display purposes

this is not a trade I am in.
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