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  • #21
  • Nov 28, 2012 12:24pm Nov 28, 2012 12:24pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Sorry grabbed the wrong chart - double vision.

Your chart should look like this:
Attached Image (click to enlarge)
Click to Enlarge Name: student.gif Size: 40 KB
  • #22
  • Nov 28, 2012 12:32pm Nov 28, 2012 12:32pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Oh yeah - one last last post. If you are tracking the EU. The current candle (1800 GMT) is sitting at 50% fibo retracement level of the X to A leg (A to B is about finished!). If you go short, keep your stops tight and take quick pips (5 to 10) and exit!
  • #23
  • Nov 28, 2012 12:40pm Nov 28, 2012 12:40pm
9er

I love your approach and your well worded literature.

I look forward to more!
  • #24
  • Nov 28, 2012 12:46pm Nov 28, 2012 12:46pm
Nice job on explaining 9er. I actually like the step by step method of explaining that you are using. Look forward to what tomorrows lessons will be. Get some rest!!!
  • #25
  • Nov 28, 2012 12:59pm Nov 28, 2012 12:59pm
Looking at your template and attaching it some of my charts I have to say that this looks more than promising. Already waiting for your next posts!

Thanks a lot for sharing and helping people new to forex trading.
  • #26
  • Nov 28, 2012 2:55pm Nov 28, 2012 2:55pm
Hello 9er,

I am a ratio and harmonic trader. I must say that advance patterns and ratios are among the cleanest and most profitable ways to trade. I agree with you and hope the followers take your advise to heart they cannot be traded blindly. I will follow your thread and hope to learn from you as well. It's always a real treat to see experienced traders share real knowledge and not throw useless system that work magically in backtesting only to fail in live trading. Looking forward to your posts .
If you fail to plan, you plan to fail.
  • #27
  • Edited 2:57pm Nov 28, 2012 2:55pm | Edited 2:57pm
Quoting 9er
You will notice from the attached screenshots that I trade at a very efficient level. What you are seeing is not a trader being boastful; you are seeing a trader that is a “student of the game”.


I do not nor will I ever pretend to be a guru or a “System Expert”. After 10 years of trading I am still learning myself. I don’t use a “system” I use a “style”, a style that suits me based on the principals and theories that I read, learned & absorbed. Not theories that I formulated myself, I am after all still just a “student of the game”, and I strive...

I just stumbled on to your thread.. A breath of fresh air... For those who don't get it " and there are many " It is truly a mind set.. If order to trade successfully one must change the "mind set".. Most will never be able to acheive this one nessary move.

As far as your results.. There will be those who will never believe simply because they themselves are unable to achieve. They have also fallen into the wrong mind set that it simply cannot be done..Nothing could farther from the truth..

Until they are willing to " learn to de-clutter their trading lifestyle " they will never get it nor will you be able to teach someone like this.

For all of those unwilling to change internally... The road will be very painfull and costly !! After 12 years, 10's of 1000's of dollars made and lost, I did not turn profitable till I changed my mind set, simplified and moved away from the system idea.

Successful trading is a methodology w/ rules attached. Yes we can argue the symantics of words, system or method .. but that would be pointless. Most all have heard that trading is 90% mental and 10% method.. I'm 100% in that camp. look at all the great traders throughout history till now..one can argue the vast majority of them operated within a methodology w/ rules attached.

Your statement : 'My style is not easy, but it gets easier once you’ve learned to see what has been right in front of you since the very first day you ever opened a trade station'

Simpy >>> Trade what you see .. Not what you think. How many time have we looked back onto a trade and asked ourselves " What the &%$^$ was I thinking when I did that? " We lost money because we allowed our thinking ( opinion ) to get in the way of what we see.

What is pervasive on FF ( and sad ) is there are many who are willing to share what they have learned ( AT NO CHARGE ) yet >>> there are some so quick to condem. The need to be right overtakes them. They become their own worst enemy. For all those with that mind set ( there's that term again ) you may want to consider a different profession, past time, or hobbie as trading may not be an option for you.

I look forward to what you have to offer. There are many things one can learn in the world of trading.

Good trading to all

TSD
  • #28
  • Nov 28, 2012 3:04pm Nov 28, 2012 3:04pm
Quoting 9er
Ok next RSI (Relative strength Index). Drop an RSI onto your chart (add to the default settings from MT4: 40, 50 & 60).

Did you know that the RSI can be used as a crystal ball? I LOVE the RSI! It can be used to signal the end of a trend, the beginning of a new trend.

Did you also know that the RSI can keep you in a positive trade in one direction even if it strikes 30 or 70 repeatedly? I call this strategic placement of trailing a stop. With the RSI I have ridden waves of 90 to 190 pips? One of my favorite little secrets!

Before properly learning...
i have the same problem i don't know when to close a trade can u explain more about how u use the rsi?
  • #29
  • Nov 28, 2012 4:17pm Nov 28, 2012 4:17pm
looks great so far, looking forward to some more great posts tomorrow on how to trade with this new indicator
  • #30
  • Nov 28, 2012 5:31pm Nov 28, 2012 5:31pm
Quoting 9er


I posted these results in another thread, when I was called to the carpet by a trader that blasted me for “showing off” about my trading results, although that was not my intention (to show off that is). I was literally offering my help and got BLASTED out of the forum. It was my intention to prove to him that these results are easily attainable - nothing more. As I said, results will never be posted again!
Hi 9er

Excellent! Good to see you again!
I read about "that" . . . just ignore it!
I am subscribed (u just made my weekend busy )
Pls. post more charts to ease understanding (me poor in English reading )

Happy Pipping.

Cheer
Trade As A Sniper
  • #31
  • Nov 28, 2012 5:33pm Nov 28, 2012 5:33pm
Subscribe. Thanks for sharing.
Cheers
  • #32
  • Nov 28, 2012 5:36pm Nov 28, 2012 5:36pm
Quoting 9er
Thread Rules:
[list=1][*]Respect, Integrity always[*]Never EVER speak in this thread of conspiracy theories, stop hunting brokers etc. If you manage your trades properly, neither of these should affect you anyway.[*]Do not attempt to introduce any system, indicator, EA or otherwise into this thread (other than what I introduce). Doing so will earn you a one way ticket out of here[*]Never, ever, ever speak ill of someone else in this thread. I don’t...
Very discipline stuff
All should abide it to ensure this thread succeeds!
Very excited!
Thanks
Trade As A Sniper
  • #33
  • Nov 28, 2012 7:36pm Nov 28, 2012 7:36pm
I hope I'm not posting a chart out of content although I use no indicators and trade advance patterns I wanted to add a market example to validate 9er's premise on patterns and the how to the untrained eye can become difficult to identify. If this upsets the thread in any way please excuse my post and I will reframe from posting just thought it to be helpful.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (144 Tick) 11_28_2012.jpg Size: 106 KB
If you fail to plan, you plan to fail.
  • #34
  • Nov 28, 2012 9:39pm Nov 28, 2012 9:39pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Good day to everyone. I want to thank everyone that sent me a PM, I do appreciate them. But I would like to ask that you do not think of me as an expert. As I said in Post #1, I am no expert.

Reading your PM's gave me a sense of confidence that I realized I am not comfortable with. Being over confident gives you rose colored glasses and as Murphy would dictate, causes you to make mistakes.

I started this thread not only to show you how I trade, but also to learn from you, again I strive everyday to learn something new.

Haven't really looked at the charts yet. I love how Asia puts the market to sleep. I did notice briefly that price moved to the 61.8 fibo level of the X to A leg. Beyond that I haven't that I haven't looked at the charts. About another hour and half before I sit at my desk.

Wanted to go through and answer some of your feedback.

Good luck today
  • #35
  • Nov 28, 2012 9:51pm Nov 28, 2012 9:51pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Thank you Mr pip - and too right you are. No worries you didn't upset the thread.

I would like to ask everyone a favor though. If you are going to post a chart, post one using the template I provided. The reason I ask this, is because my eyes are used to looking at this same template, this same theme for a few years now. My eyes are trained for this template

I ask that you get used to looking at only one pair and only one template. Your eyes get really comfortable spotting signals. If you look at a chart different than yours, your mind tries to over compensate your eyes and you might not see what you need to.

As an example, I loved Mr.Pip's attached chart, but when I opened it, it looked strange and out of place. You get used to a theme of how you look at the chart. You really should stay consistent to that chart.

It is just like anything. The longer you do something, the better you get at it, your mind develops. The second that you change it up, you may as well start at the beginning, because your mind compensates for the change and pushes the reset button.

The exact same thing applies to what pair you trade. Each pair acts differently, each one reacts a little differently around our indicators. The more you look at one pair, the more used to it's movement you become, the better you get "predicting" it's movement.

The thing with Forex is we are always forward thinking. Changing systems, or changing a chart is the same as "One step forward, two steps back", only you don't realize it, because your not used to thinking that way.

Forex success is driven by consistent redundancy. We use methods that are tried and true over the years, they haven't changed; why should you?

make sense?



Quoting Mr. Pip
I hope I'm not posting a chart out of content although I use no indicators and trade advance patterns I wanted to add a market example to validate 9er's premise on patterns and the how to the untrained eye can become difficult to identify. If this upsets the thread in any way please excuse my post and I will reframe from posting just thought it to be helpful.
  • #36
  • Nov 28, 2012 10:19pm Nov 28, 2012 10:19pm
i would like to know more about the RSI..what is the secret behind it..how rsi can generate the signal..?..0 line crossing?
  • #37
  • Nov 28, 2012 10:58pm Nov 28, 2012 10:58pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
0 Line crossing! That is AWESOME! Thank you for the chuckle! Not laughing at you, laughing because if the RSI crossed the 0 line I think we would ALL be in trouble! Although your premise is correct, the secret (while probably not a secret to many traders) is the crossing of the "50"

Look at your chart, find any area where a major reversal occured, whether by virtue of candlestick reversal pattern or otherwise.

Compare that moment in time to the RSI. Chances are it is tagging either the 30 or the 70. If the reversal candle is strong enough, I would enter my first trade at the conclusion of that candle, at the low or high plus the spread plus 1 pip (stop orders of course).

Now gradually follow the trend and the RSI. As price moves, the RSI moves up or down as well. Look at the point on the RSI where it crosses "50". The candle that cooresponds with it will be either bullish or bearish depending on the direction (as well should be the candle that precedes it).

Wait for the candle that crosses the 50 to close and set another buy or sell stop at that candles high or low (again depending the bias).

Here is where it can get a bit hair raising and where you should be really looking at your other indicator's for confirmation (ALWAYS look for confirmation from one of the other indicators!). The reason is and you will see it on the chart is that sometimes price just reverses off the 50 in the RSI, this is called a fakeout or false breakout.

Setting a buy or sell stop here usually keeps you out of hotwater with fake outs. If you manage your first trade right, you should have locked in some guaranteed pips for the bounce the other way. There's more about this indictor I haven't covered yet!

I'll cover trade management next.

Quoting mohzulmd
i would like to know more about the RSI..what is the secret behind it..how rsi can generate the signal..?..0 line crossing?
  • #38
  • Nov 28, 2012 11:03pm Nov 28, 2012 11:03pm
Quoting 9er
You will notice from the attached screenshots that I trade at a very efficient level. What you are seeing is not a trader being boastful; you are seeing a trader that is a “student of the game”.


I do not nor will I ever pretend to be a guru or a “System Expert”. After 10 years of trading I am still learning myself. I don’t use a “system” I use a “style”, a style that suits me based on the principals and theories that I read, learned & absorbed. Not theories that I formulated myself, I am after all still just a “student of the game”, and I strive...

scalp trading?
  • #39
  • Nov 28, 2012 11:32pm Nov 28, 2012 11:32pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
This is the way I trade, this is how I manage. If it suits you great, if not great also! My entries often times stem from candlestick reversal patterns. For the sake of this instruction let's leave it at that.

The way I trade is simple. The closure of the active signal candle is where I am at. bearish divergent candle closes; A sell stop goes to the low of that candle minus the spread of the pair, minus 1 pip (can't tell you how much this formula has kept me out of a false premise)

Samething applies to Bullish divergent candles. At the high of the candle, plus the spread plus 1 pip

Stop loss (when I use them) at the other end of the bearish or bullish candle plus the spread plus 1 pip. same applies here, can't tell you how many times my stop loss was missed, by less than 1 pip and the pair moved into my favor.

My rule for stop loss. If I am going to be in front of my computer, I get lazy and don't use stop loss, trading at 85% accuracy does that to you. I also have the wherewithal to close my trade if it reaches what I would have earmarked as my stop loss.

Goes without saying, I spot or attempt a prediction but I know I will be away from my computer when the stop order is hit, I ALWAYS USE A STOP LOSS. not doing so, if you won't be around for the trigger, is simply stupid.
  • #40
  • Nov 28, 2012 11:34pm Nov 28, 2012 11:34pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
What would forex be without it? Yes we will be scalping also! Rangebound markets are a BLAST to scalp trade with. Never let anyone tell you that rangebound markets can't be traded! So untrue

Quoting Kunz
scalp trading?
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