Attachments: Still Basketting

Still Basketting

#2,701
Jan 11, 2013 2:59pm Jan 11, 2013 2:59pm

Low Profile
Joined Nov 2010 | Status: Trader | 205 Posts

To Bob and Kos,

there is a high (99%) the uptrend will continue. To me, I do not think in a way i used to think 6 years ago anymore. I no longer believe in levels or pivot points (anything can happen, but if we know where the trend is going, we will be always right even though a bit tough time with whipsaw). The market can go up to whatever level it wants as long as there is demand. Vice versa for downtrend. Many traders including myself believed in those psychological area that we think the price would stop but it did not. There is one thing I keep in mind regardless of what indicators or strategies i use: if I am doing day trading, the swing traders must back me up in the market. If I am swing trading, the position traders much back me up in market. 2 cents.

LP

#2,702
Jan 11, 2013 9:32pm Jan 11, 2013 9:32pm

zent88
| Joined Jan 2010 | Status: Trader | 20 Posts

Quoting Low Profile

Disliked

To Bob and Kos,

there is a high (99%) the uptrend will continue. To me, I do not think in a way i used to think 6 years ago anymore. I no longer believe in levels or pivot points (anything can happen, but if we know where the trend is going, we will be always right even though a bit tough time with whipsaw). The market can go up to whatever level it wants as long as there is demand. Vice versa for downtrend. Many traders including myself believed in those psychological area that we think the price would stop but it did not. There is one thing...

Ignored

Hi Low...

To my experience, we can not predict nor determine the market movement.

I just follow the trend. as technical, watch the chart closely, you will see patterns and PA, that actually caused by demand and supply of the market.
as for fundamental, watch long term effect news, announcement, things happen in the world. they are one of things that can drive market to any level.
And alot of times, watch out for speculators, that can move the market to whatever price level they want. (this speculators are normally the big guys / big players).

I have seen so many traders who fail because of their mind set and their system.

for me, only one thing i can say, JUST FOLLOW THE TREND.... never ever against them

.

hope for the best for fellow traders.

CIAO

mick

#2,703
Jan 12, 2013 2:26pm Jan 12, 2013 2:26pm

duncy21
| Joined Jan 2013 | Status: Trader | 1 Post

Good evening Basketers.

Ive been thoroughly reading this thread for about 2 weeks doing lots of background reading also through the other threads provided by KOS and testing in order to get this system up and running.

Those who dont quite understand or cant get things working i suggest reading atleast the first 20 pages of this thread several times over. Everything will gradually become clearer.

I just thought i'd feed some information back for some new people that are struggling...

If your experiencing VQzz2 not displaying changes in the 15m offline its because you dont have a 60m offline open. The 60m offline provides the data for VQzz2 for the 15m chart. Also these should be generated from the same pair.. for example GBP/JPY, And the live pair window (example GBP/JPY) should remain open when you have the 15m and 60m offline charts open in order for them to function. From what ive understood the LIVE chart provides the ticker for the offline charts to move/generate.

Another issue i can across was the offline charts not appearing in MT4 even though i could see them in the Program Files directory. To fix this issue i installed a fresh copy of MT4 and put in the custom indicators/scripts/template again. I then used the ForceLoadHistoricalData script to download the 14 pairs again and start from scratch. Then the offline charts became visable.

I think MT4 becomes confused when you have multiple different indicators/EA inside the application so i went back to basics and this fixed most issues.

I am testing on a demo account now. Bring on Monday.

Thanks for everyone in this post for all the information provided so far.

I just thought i'd feed something back

#2,704
Jan 12, 2013 10:04pm Jan 12, 2013 10:04pm

PistolDave
| Joined Jan 2007 | Status: Trader | 628 Posts

Quoting Kosomolate

Disliked

whenever me am not comfortable with how price is sitting I TP and when its clear from that point I seek reentry
cos when it wants to reverse from those strong points it used to be very forceful.

kos

Ignored

Thanks, kos.

I agree. There are a lot of traders who use the major S/R levels as zones to buy or sell. Sometimes price can either break through or reverse there in a very strong way. Sometimes a trend change may also happen at these levels. Probably, the best action is to close out if you have a good profit and stand aside and wait until price takes a definite direction again.

My main problem usually is deciding when to exit a trade. It has cost me a lot in the past when I have tried to guess at tops and bottoms.

So far, I am happy with the way things are going.

Thanks,
Dave

#2,705
Jan 13, 2013 4:13pm Jan 13, 2013 4:13pm

MPP
Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts

I was expecting a gap in the market today as the world wakes up to the news that one of the PIIGS (greece) has, for now, avoided being kicked out of the Euro - but nothing.

Only early signs that the market wants to take this positive news north again - we sit tight in this flip zone and wait for something to give and show us the way.

best of pips all

MPP

#2,706
Jan 13, 2013 4:23pm Jan 13, 2013 4:23pm

Thoughts
Joined Jul 2012 | Status: Trader | 517 Posts

Quoting MPP

Disliked

I was expecting a gap in the market today as the world wakes up to the news that one of the PIIGS (greece) has, for now, avoided being kicked out of the Euro - but nothing.

Only early signs that the market wants to take this positive news north again - we sit tight in this flip zone and wait for something to give and show us the way.

best of pips all

MPP

Ignored

I've got the same suspicions, though we remain following whatever trends materialize. Thanks for the insights MPP.

Diceman555, its been a while miss your posts..

#2,707
Jan 13, 2013 4:49pm Jan 13, 2013 4:49pm

Markster
| Joined Nov 2007 | Status: Markster | 7 Posts

Quoting dryclean

Disliked

Try this for pivots

Ignored

Will the FiboPiv v3 work on the offline charts ?

#2,708
Jan 13, 2013 4:49pm Jan 13, 2013 4:49pm

caseyjw
| Joined Jul 2009 | Status: Trader | 141 Posts

+1800 now

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#2,709
Jan 13, 2013 5:08pm Jan 13, 2013 5:08pm

bishopdotun
Joined Jun 2011 | Status: Trader | 840 Posts

Trade update

Up we go again. Have a great week guys.

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#2,710
Jan 13, 2013 10:05pm Jan 13, 2013 10:05pm

caseyjw
| Joined Jul 2009 | Status: Trader | 141 Posts

+2034 now, if I closed here my January and February goals will be met

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#2,711
Jan 14, 2013 12:17am Jan 14, 2013 12:17am

Kosomolate
Joined Oct 2008 | Status: patiently growing wealth... | 2,655 Posts

started trading on the 7th of January and today is the 14th of January
on 1HR TF we had just 2 trades so far a sell and buy:

#1 = BE
#2 = +2,200 and still open

I wish all of us a prosperous week, if it continues we just sit down and do nothing
and we get paid more for folding our hands and watching TV.

And if it turns we wait for it to turn well (as HAS lags) and we follow again, Here we are follow follow
but its paying off. Worry your brain but don't worry your brain too much.

kos

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