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  • #794,101
  • May 2, 2013 6:34pm May 2, 2013 6:34pm
Quoting suthmo
{quote} I do trade my calls when I can. I don't count waves there is no need for me. Elliot wave's do not come into my analysis at all. There are other things happening in a chart that Elliot didn't realize. I had a realization a few weeks back that takes Elliot and fibs to ultimate understanding. It defines why where and when the waves and fibs occur. This revelation is the capstone to my research. It's so super exciting / amazing for all traders. I want to shout it from the rooftops but my lips are sealed unless someone want's to buy my research....
Why would you need to sell your system if it is making profit for you? Also, the way you word your response sounds like Price Action can be magically decoded and it seems all hyped up. I am not familiar with Murray math, though I have heard of it before. Also, knowledge doesn't come out of thin air, so you obviously had to have been inspired with some type of media that has set you on your quest to learn more about Technical analysis. Also, you can give a person a fish and they can eat for a day, and you can teach them how to fish and they can eat for a life time. So, are you on Forex Factory to help share knowledge without drumming up business or are you here to teach what you know along with learning from others?

You don't have to answer if you don't want to. I will keep an eye on your calls, to see how accurate they are. If they are, then I will try to learn about murray math.

Cheers hombre
Luck has no place in trading. Leave that for the poker table.
  • #794,102
  • May 2, 2013 6:56pm May 2, 2013 6:56pm
More down move imminent perhaps? or a large retrace up?
Should I close my earlier short? Mmmmmmm..
  • #794,103
  • May 2, 2013 7:22pm May 2, 2013 7:22pm
Quoting Afarensis
{quote} mmmm...what do you think about UJ...i am waiting lower to buy but it never hit my buy limit
Down to 124.399 Around Wednesday. Up to 136.240 the week after next. SL Around 140.00 Target as low as 106.92. <-- I think this is off. I had some fibs in the wrong place. We had the trace that would have gone up to next level then that move retraced about 94% of itself then the move up that should have retraced only 23% traced back almost to the 50% this bad boy is in trouble? Coupled with the massive weekly divergence. I think it could be south only for this pair.
Founder of Sutherland Wave Principle
  • #794,104
  • May 2, 2013 7:40pm May 2, 2013 7:40pm
Hi Suthmo, do you think south on EUR/USD pair at this time? (after a small retrace perhaps..)..
  • #794,105
  • May 2, 2013 7:45pm May 2, 2013 7:45pm
Friday asian seesion, NFP time, pa as usual glacial,

been playing with paint eu 30min what you guys thinking
Attached Image (click to enlarge)
Click to Enlarge Name: EU 30 min.png Size: 223 KB
If you are new to Forex? Say Goodbye to your account!!
  • #794,106
  • May 2, 2013 7:48pm May 2, 2013 7:48pm
Quoting suthmo
{quote} I do trade my calls when I can. I don't count waves there is no need for me. Elliot wave's do not come into my analysis at all. There are other things happening in a chart that Elliot didn't realize. I had a realization a few weeks back that takes Elliot and fibs to ultimate understanding. It defines why where and when the waves and fibs occur. This revelation is the capstone to my research. It's so super exciting / amazing for all traders. I want to shout it from the rooftops but my lips are sealed unless someone want's to buy my research....
  • #794,107
  • May 2, 2013 7:52pm May 2, 2013 7:52pm
Quoting KiwiTrada
Friday asian seesion, NFP time, pa as usual glacial, been playing with paint eu 30min what you guys thinking {image}
we might just climb back up....still cant read PA FOR SH!T THIS WEEK
  • #794,108
  • May 2, 2013 7:53pm May 2, 2013 7:53pm
Quoting Pair-me-up
{quote} Why would you .....
Q. Why would you need to sell your system if it is making profit for you?

A. I've been in the learning curve. Some days I can make 680% increase in my account while I am understanding bits of the sequence. Then the bit's I didn't understand I loose again. It's taken me 3 years of on off research and about £2000 in lurning curve trades to reach the point I'm at. The more I got burned the more I see what is occurring. But now I am reaching total understanding.

Q. Also, the way you word your response sounds like Price Action can be magically decoded and it seems all hyped up.

A. It's not magic it is what it is. I have been claiming and proving it for three years. Everything u need is right there in the graph, you just havn't realized is all. It really can be decoded. Look at my bio i have been challenged and proved what I say many times over the last 3 years.

I am not familiar with Murray math, - Neither am I

Q. though I have heard of it before. Also, knowledge doesn't come out of thin air, so you obviously had to have been inspired with some type of media that has set you on your quest to learn more about Technical analysis.

A. Yes a friend of mine had the first revelation in this matter. He discovered and showed me the key.

Q. Also, you can give a person a fish and they can eat for a day, and you can teach them how to fish and they can eat for a life time. So, are you on Forex Factory to help share knowledge without drumming up business or are you here to teach what you know along with learning from others?

A. I came here to learn first. It turned out I can do some awesome things no one else can. I show unique skills here and I get all kinds of offers.
Founder of Sutherland Wave Principle
  • #794,109
  • May 2, 2013 7:55pm May 2, 2013 7:55pm
Quoting SnaveForex
{quote} we might just climb back up....still cant read PA FOR SH!T THIS WEEK
dont you worry

on chart that right shoulder thursday look like miserable stop hunt bastards, wiped out those trading the neckline break, verything was going nicely then that bitch spike up, surprise surprise then the neckline break played out in virtical dive, bastards

only on eu, all other ladies played out nicely so far
If you are new to Forex? Say Goodbye to your account!!
  • #794,110
  • May 2, 2013 8:00pm May 2, 2013 8:00pm
Quoting KiwiTrada
{quote} dont you worry on chart that right shoulder thursday look like miserable stop hunt bastards, wiped out those trading the neckline break, verything was going nicely then that bitch spike up, surprise surprise then the neckline break played out in virtical dive, bastards only on eu, all other ladies played out nicely so far
yes mate...a lot of wipe outs..and fakes... NFP will be interesting..hopefully not priced in yet...How is the kiwi land
  • #794,111
  • May 2, 2013 8:07pm May 2, 2013 8:07pm
Quoting 2012mysterio
Hi Suthmo, do you think south on EUR/USD pair at this time? (after a small retrace perhaps..)..
http://www.forexfactory.com/showthre...78#post6654578
Founder of Sutherland Wave Principle
  • #794,112
  • May 2, 2013 8:17pm May 2, 2013 8:17pm
Quoting suthmo
{quote}http://www.forexfactory.com/showthre...78#post6654578
By your drawing shouldn't it have reached 1.3120sh at number 5 and be ready for a short ? (obviously not there yet) Also it looks like your number 6 buy point will be around 14:00 new york time.
  • #794,113
  • May 2, 2013 8:27pm May 2, 2013 8:27pm
Quoting suthmo
{quote}Q. Why would you need to sell your system if it is making profit for you? A. I've been in the learning curve. Some days I can make 680% increase in my account while I am understanding bits of the sequence. Then the bit's I didn't understand I loose again. It's taken me 3 years of on off research and about £2000 in lurning curve trades to reach the point I'm at. The more I got burned the more I see what is occurring. But now I am reaching total understanding. Q. Also, the way you word your response sounds like Price Action can be...

Very good response = Respect!!

Also, I know what you mean about getting burnt. I have lost several gained and lost several quid thus far. Trying to gain more quid though.
Luck has no place in trading. Leave that for the poker table.
  • #794,114
  • May 2, 2013 8:29pm May 2, 2013 8:29pm
Quoting Pair-me-up
{quote} Very good response = Respect!! Also, I know what you mean about getting burnt. I have lost several gained and lost several quid thus far. Trying to gain more quid though.
By the way, Suthmo does your friend that helped to mentor you come to this thread on forex factory?
Luck has no place in trading. Leave that for the poker table.
  • #794,115
  • May 2, 2013 8:30pm May 2, 2013 8:30pm
Quoting SpacyTrader
{quote} By your drawing shouldn't it have reached 1.3120sh at number 5 and be ready for a short ? (obviously not there yet) Also it looks like your number 6 buy point will be around 14:00 new york time.
Sorry that picture is not calibrated for time. Only levels.
Founder of Sutherland Wave Principle
  • #794,116
  • May 2, 2013 8:38pm May 2, 2013 8:38pm
Quoting suthmo
{quote}Q. Why would you need to sell your system if it is making profit for you? A. I've been in the learning curve. Some days I can make 680% increase in my account while I am understanding bits of the sequence. Then the bit's I didn't understand I loose again. It's taken me 3 years of on off research and about £2000 in lurning curve trades to reach the point I'm at. The more I got burned the more I see what is occurring. But now I am reaching total understanding. Q. Also, the way you word your response sounds like Price Action can be...
soon to be commercial.
  • #794,117
  • May 2, 2013 8:42pm May 2, 2013 8:42pm
Quoting Pair-me-up
{quote} By the way, Suthmo does your friend that helped to mentor you come to this thread on forex factory?
No, he is like a millionaire playboy. He just shops all day and he like to make things at home. He became an overnight success in the 80/90s trading for a Japanese firm. He hadn't ever seen a candle stick chart till our reunion last year. I showed him some of my projections and explained how much I could do with his key. He said he's thinking about getting back into it so maybe we will see him on here at some point. He never trained me just showed me the key 1 time. He read every book on trading he could find and he had a revelation.
Founder of Sutherland Wave Principle
  • #794,118
  • May 2, 2013 8:51pm May 2, 2013 8:51pm
Comic relief.
Attached Image (click to enlarge)
Click to Enlarge Name: 183154_633942393286646_145585996_n.jpg Size: 63 KB
Founder of Sutherland Wave Principle
  • #794,119
  • May 2, 2013 8:56pm May 2, 2013 8:56pm
Quoting suthmo
Comic relief. {image}
  • #794,120
  • May 2, 2013 9:05pm May 2, 2013 9:05pm
Easy to trade successful strategy for EU 15 minute chart.

Indicators

Bollinger Bands and ADX
Why Bollinger Bands?

Bollinger Bands is a technical analysis indicator created by John Bollinger in the 1980s. The bands
consist of a moving average and a standard deviation above and below the moving average. Typically,
Bollinger Bands are set at 20 period, 2 standard deviations which means that the value of the upper
band is 2 standard deviations above the moving average. The lower band would be 2 standard
deviations below the 20 period moving average.
In the “X-Treme Fade” strategy, we use 2 sets of Bollinger Bands:
20 period, 2 standard deviation
20 period, 3 standard deviation
In statistics, 95.45% of values are suppose to lie within 2 standard deviations of the average while
99.73% of all values are suppose to lie within 3 standard deviations of the mean. In plain english, this
means that a move to the 2nd standard deviation Bollinger Band is rare but a move to the 3rd Bollinger
Band is even rarer.
Our X-Treme Fade strategy looks for the EUR/USD to make an extreme move on a short term time
frame (15 minute chart) by hitting the 3rd standard deviation Bollinger Band.
BUT THAT’S NOT ALL!
Before picking a top or bottom, we want to wait for the EUR/USD to close above the 2nd standard
deviation Bollinger Band for a long trade and below it for a short trade - this is important because it
confirms that the previous move in the EUR/USD is losing momentum.

Why Average Directional Index (ADX)?
The Average Directional Index or ADX measures strength of trend and when picking tops and bottoms,
we do not want the strength of the trend to be overly strong. Therefore, we want the ADX “smoothing
line” which is set at 14 to be less than 25.
ADX setting = 14
Look for ADX < 25

Long Trade Guidelines
*Only look for setups between 4am to 12pm ET (9 - 17 GMT)
1. Look for EUR/USD to close at or BELOW the 3rd standard deviation Bollinger
Band
2. Wait for EUR/USD to rally and close ABOVE the 2nd standard deviation
Bollinger Band
3. Check to see if ADX < 25
If #2 and #3 are true, Buy EUR/USD
4. Place Stop* at 15 pips
5. Close half of position at +15, move stop on rest to breakeven (initial entry price)
6. Trail Stop on remainder of position by 15 pips

Short Trade Guidelines
*Only look for setups between 4am to 12pm ET (9 - 17 GMT)
1. Look for EUR/USD to close at or ABOVE the 3rd standard deviation Bollinger
Band
2. Wait for EUR/USD to fall and close BELOW the 2nd standard deviation
Bollinger Band
3. Check to see if ADX < 25
If #2 and #3 are true, Sell EUR/USD
4. Place Stop* at 15 pips
5. Close half of position at +15, move stop on rest to breakeven (initial entry price)
6. Trail Stop on remainder of position by 15 pips
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