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EJ_4H method

  • #461
  • Jun 15, 2006 12:43am Jun 15, 2006 12:43am
Hello Mike,
You have to read all 4 parts (so far), then I think I can answer your questions if you had
Best,
Ibo

Quoting miketoll
ok, iam back again
I read through the threat but dont know more as before.
Now my questions, i hope you can answer
1. Why are there different parts? What is the difference? Do i need all parts?
2. What are pivot points / resistance / ea / lot(s)... all that terms (iam really sorry but i simply dont find a answer (even at google)
3. Could you in simple words (so that a beginner can understand it) explain how i set "take profit" and "stop loss"
4. Why is it called ej_4h ? Aren't the predictions in the 1min/15min/30min ... charts usefull/as good as the 4h?
5. Why is there a clock, what does it say?
I think these are my first questions.
I would really appreciate some answers
Greetings mike
  • #462
  • Jun 15, 2006 1:00am Jun 15, 2006 1:00am
Hello all Friend,

As far as you know, unfortunately we had a crash on FF server, there were some losts of the data and I came across with one about our thread. I talked to the admin and he kindly helped me in this way.
I ask you to confirm that if I am wrong or right, you can send a private message to admin or moderators as well as cite here in our thread.

Last time before server down, the view number of our thread was something around 36000. In fact it must be higher than 41k now.

I have a request from members who frequently view the thread that inform the admin/moderators of this fact.

Thanks for the help ,
Ibo
  • #463
  • Edited 4:35am Jun 15, 2006 4:28am | Edited 4:35am
i really did, but i just dont understand what 8sma is, or what a decent trend line is.. its just to new to me, so need a little help inn all these terms, i hoped that you could help me..
so, do i just have to add the other parts to the first graph or do i have to put them on a new chart? And why are there so many tpl files?
Why dont you answer my questions, and the questions of zzz in the beginning you answered.
mike
I'm getting there ... slowly
  • #464
  • Edited 9:18am Jun 15, 2006 4:43am | Edited 9:18am
Quoting miketoll
i really did, but i just dont understand what 8sma is, or what a decent trend line is.. its just to new to me, so need a little help inn all these terms, i hoped that you could help me..
so, do i just have to add the other parts to the first graph or do i have to put them on a new chart? And why are there so many tpl files?
Why dont you answer my questions, and the questions of zzz in the beginning you answered.
mike
read a book on technical trading, please.

there are newbie questiens and there are lazy questions based of your own ignorance. if you can't master the basics yourself, you won't master the trade.

I bet when you enter a trade you ask everyone "where should I exit?"

think for a moment why you want to become a trader and what are you willing to do to accomplish it.

I don't want to discourage you but you just have to do the thinking yourself or sell ice cream till you can afford a mentor (although there is a lot of free good stuff laying around here and in other forums, websites, blogs).
  • #465
  • Jun 15, 2006 6:05am Jun 15, 2006 6:05am
Hi Mike

There are no easy answers to your question(s). You have to put in the hours and get yourself up to speed. Take a look at the following thread: http://www.forexfactory.com/forexfor...ead.php?t=4980

I have pulled together some helpful links and documents to get anyone started. We need a strong foundation before building but it is always best to start from the drawing board.

Feel free to drop me a PM if i can be of further help.

Happy Studying
MM


Quoting miketoll
i really did, but i just dont understand what 8sma is, or what a decent trend line is.. its just to new to me, so need a little help inn all these terms, i hoped that you could help me..
so, do i just have to add the other parts to the first graph or do i have to put them on a new chart? And why are there so many tpl files?
Why dont you answer my questions, and the questions of zzz in the beginning you answered.
mike
The greatest achievements are those that benefit others....
  • #466
  • Jun 15, 2006 6:50am Jun 15, 2006 6:50am
thanks mm, i will follow your advice
I'm getting there ... slowly
  • #467
  • Jun 15, 2006 10:55am Jun 15, 2006 10:55am
gbpusd
Attached Image
  • #468
  • Jun 15, 2006 11:13am Jun 15, 2006 11:13am
Related to the previous post (picture)
Attached Image
  • #469
  • Jun 15, 2006 11:15am Jun 15, 2006 11:15am
Eurcad
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  • #470
  • Jun 15, 2006 11:42am Jun 15, 2006 11:42am
The GBPUSD is showing the same setup you referenced in Part IV, page 10 on the USDJPY.
  • #471
  • Jun 16, 2006 11:54am Jun 16, 2006 11:54am
Anybody emailed about views figure/counting?
  • #472
  • Jun 16, 2006 11:56am Jun 16, 2006 11:56am
Hello,

For editorial participation sombody who is a native speaker of English please email me.

Ibo
  • #473
  • Jun 17, 2006 10:23am Jun 17, 2006 10:23am
how can you freakin make sense out of this method? There is no way of predicting when the market will go into whipsaw mode like it has been for the past 6 weeks with the usd pairs. So i am unable to make sense out of this mehtod if i were to follow it i would have been screwed. And the ma crosssing dont work. so frustrated b/c i have been at this for 15 yrs and evereyone who says there methods work really doesn't. All i need to know is how to spot a good trade and the pdf books really dont help. IUf i were to wait for stochasticsa tyo cross i would have missed many moves.
  • #474
  • Jun 17, 2006 1:32pm Jun 17, 2006 1:32pm
I am more of a scalp trader myself, but Ibo's method has been helping me to think more long term in my strategic trading. The best advice that I could give in making sense out of this method would be to use it in conjunction with channels, trendlines, support, and resistance levels. Also, pay close attention to how price reacts around the MA's. Usually, the best entries are at or near the MA's or at the channel borders.
  • #475
  • Jun 17, 2006 2:13pm Jun 17, 2006 2:13pm
Ibo,

Can you show us your perfomance sheet? If not, then well see ya......
"We are the superior beings, we obey no one!"
  • #476
  • Jun 17, 2006 6:22pm Jun 17, 2006 6:22pm
Hey Bigballer

Our goal should be on our individual performance(s). Concerns for other's performance.....No No. Plus, anyone can make up any performance they want, how do we validate what they present????

Quoting bigballer
Ibo,

Can you show us your perfomance sheet? If not, then well see ya......
The greatest achievements are those that benefit others....
  • #477
  • Jun 17, 2006 6:26pm Jun 17, 2006 6:26pm
Quoting mmbmusa
Hey Bigballer

Our goal should be on our individual performance(s). Concerns for other's performance.....No No. Plus, anyone can make up any performance they want, how do we validate what they present????
I wanted Ibo to show HIS performance sheet.......

To validate that his system works......

Proof in the pudding.......
"We are the superior beings, we obey no one!"
  • #478
  • Jun 17, 2006 10:54pm Jun 17, 2006 10:54pm
you are funny bigballer. say, vegas is making tons of money with his system. can you repeat that? if yes, why you are here? people are making tons of money with simplest systems, but it is not mechanical. there is always a gut feeling that you have to develop in order to get what they do and unfortunately it takes time, lots of it. even if you run a trading robot, you have to know how to use it properly. most of knowledge in trading is irrational, nothing works like 1, 2, 3 and here is the result. you may find hundreds of discussions on different forums, or hundreds of trading ideas in books but no system will work for you right away. it might for some time, but then when the market situation changes, it will stop. i am sure you know all this, according to your previous posts. you don’t like it here? try somewhere else and see if you get much faster and much better consistent results. i am sure you tried vegas. did you make lots of money with his seemingly simple system, especially with a recent chop? so, tell me please does vegas system work or no? what would be a proof for you? vegas himself making money? i am sure he somehow does. can you repeat that?
  • #479
  • Jun 18, 2006 4:58am Jun 18, 2006 4:58am
Quoting zzz
you are funny bigballer. say, vegas is making tons of money with his system. can you repeat that? if yes, why you are here? people are making tons of money with simplest systems, but it is not mechanical. there is always a gut feeling that you have to develop in order to get what they do and unfortunately it takes time, lots of it. even if you run a trading robot, you have to know how to use it properly. most of knowledge in trading is irrational, nothing works like 1, 2, 3 and here is the result. you may find hundreds of discussions on different forums, or hundreds of trading ideas in books but no system will work for you right away. it might for some time, but then when the market situation changes, it will stop. i am sure you know all this, according to your previous posts. you don’t like it here? try somewhere else and see if you get much faster and much better consistent results. i am sure you tried vegas. did you make lots of money with his seemingly simple system, especially with a recent chop? so, tell me please does vegas system work or no? what would be a proof for you? vegas himself making money? i am sure he somehow does. can you repeat that?
as I see it and as has been said thousand times.. there are people who will make money with any system and there are people who won't with da best systems around.

it's all subjective and a good trader will override system calls and sometimes won't follow them.

i give you a system, i give you a track record but you won't know that I don't take 30% of the calls seriously.

and it really doesn't matter if Ibo is making money and how much.

all systems and methods should be reviewed by yourself and keep only those with which YOU can make money.
  • #480
  • Jun 19, 2006 3:18am Jun 19, 2006 3:18am
Dear Friends,



This is the last week that I post here and will stop posting from 23 June 2006 but never stop helping and answering your questions. I always appreciate your interest and will do my best if I could.



This is not because that I want to make money with any program, I never have had such a purpose from the very first day.



This is not because that some of members insulted me. They got their answers by other members.



This is not because that some guys are going to change this thread into a court that I am the suspect of this court. I gave you something as a gift and never got anything. Nowhere in the world, are people addressed for gifts.



This is not because that the moderators addressed my claim about the "views figure" of the thread as a deceit. As a rule of thumb a thread with more than 480 replies must have bigger number for views.



I have ONE solid reason that today I reached. What is that is not our discussion. I just post this to thank all friends that showed interests and always helped me by encouraging and thanking. I also thank all that gave their not so friendly opinions about this thread or method or even me.



I am happy to say that as our old talks I never stop helping and interested members never hesitate if they had any question. Just email me at [b][email protected][/b] and I would be happy to be a bit of help for you.



Happy trading,

Ibo
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