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  • #815,501
  • Jul 15, 2013 10:48pm Jul 15, 2013 10:48pm
let's see if the bulls have the steam to test 1.312x today...

gl trading today
Patience is a virtue...
  • #815,502
  • Jul 15, 2013 10:48pm Jul 15, 2013 10:48pm
Quoting ForExtraPips
{quote} Kicking myself for not going long last week, when it reached the 1.2781 area. Live and learn.
did you have a clear buy signal?
  • #815,503
  • Jul 15, 2013 10:49pm Jul 15, 2013 10:49pm
Quoting ForExtraPips
{quote} Sure. Take the swing high on the week of Jan. 27, 2013, which was 1.37102. Find the square root of that number, which is 117.090. Then take 117.090 and subtract 2, then square 115.090, which is 1.3245. Two represents a circle in trig. That's why that number bothers me.


...this is a chaotic system, dude. Fundamentally driven, technically corrected, ruled by supply and demand + psychology of the crowd.

"Square roots" donīt work and will never work as market participants donīt make decisions about value expressed in PA based on "square roots".

I know itīs in a human nature to look for some kind of order everywhere. But thatīs also why so many traders fail in this place, especially the very smart ones.

Give up on square roots and focus on PA. It will pay off.
Quant Hedge Fund CEO
  • #815,504
  • Jul 15, 2013 10:50pm Jul 15, 2013 10:50pm
Quoting FXMastermind
{quote} Gann is the same voodoo as Elliot waves or astrology applied on trading. Disproven several times. You guys should stop looking for tools to make a mess of your charts and make it literally impossible to read PA and instead, focus on essentials. Trading is literally very simple, donīt complicate it. Itīs ok to use one or two simple indies (MA, MACD...) + volume for clarity but thatīs all about you really need. Trust me.
True, to an extent. Like you said, not to long ago, if it works for you, and makes you green pips, that's all that matters. But, the longer that I'm in this, the simplier, the better, yes. A good old horizontal line does wonders. Buy above it, sell below it.
Time turns trend. - W.D. Gann
  • #815,505
  • Jul 15, 2013 10:53pm Jul 15, 2013 10:53pm
Quoting Myo
{quote} did you have a clear buy signal?
Yes. But chickened out. The whole R:R factor. What if, that type of thing. Mind games.
Time turns trend. - W.D. Gann
  • #815,506
  • Jul 15, 2013 10:54pm Jul 15, 2013 10:54pm
Aussie feckzone. Better be careful here, pullback would be in place.

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Quant Hedge Fund CEO
  • #815,507
  • Edited 11:33pm Jul 15, 2013 10:55pm | Edited 11:33pm
Quoting FXMastermind
{quote} ...this is a chaotic system, dude. Fundamentally driven, technically corrected, ruled by supply and demand + psychology of the crowd. "Square roots" donīt work and will never work as market participants donīt make decisions about value expressed in PA based on "square roots". I know itīs in a human nature to look for some kind of order everywhere. But thatīs also why so many traders fail in this place, especially the very smart ones. Give up on square roots and focus on PA. It will pay off.
What do you personally mean for price action?
Wherever you go, there you are.
  • #815,508
  • Jul 15, 2013 10:57pm Jul 15, 2013 10:57pm
GN and GL. Time to hit the sack.
Time turns trend. - W.D. Gann
  • #815,509
  • Jul 15, 2013 10:57pm Jul 15, 2013 10:57pm
Quoting KiwiTrada
yyyyyyyyyyyyyaaaaaaaaaaaaaaaawwwwwwwwwwwwwwwnnnnnnnnnnnn zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
repeat yaaaaawn anyone making any money in this ranging bs ?? eu presently lurking top of 1hr range, maybe seller is gathering
If you are new to Forex? Say Goodbye to your account!!
  • #815,510
  • Jul 15, 2013 10:59pm Jul 15, 2013 10:59pm
Quoting Myo
{quote} that goes for all forms of TA, doesnt it?
Not entirely, also depending on what do you consider as TA...Some patterns tend to work as they reflect human nature (double tops/bottoms, for instance, marking levels of heavy supply or demand), some candlestick patterns make sense as well. But these are more of PA studies than TA really.

As I said, some tools of TA could give you a decent heads up in terms of PA, something you find hard times to see with bare human eye. Take divergences on oscillators. They are useful, trained eye wonīt need a indi to recognize a last knee-jerk rally on low volume, but itīs sometimes good to have it there for clarity.

Well chosen MA can give you a decent "frontline" to separate the battle ground into bullish and bearish area.

And so on...

...just keep it simple.
Quant Hedge Fund CEO
  • #815,511
  • Jul 15, 2013 10:59pm Jul 15, 2013 10:59pm
Quoting KiwiTrada
{quote} repeat yaaaaawn anyone making any money in this ranging bs ?? eu presently lurking top of 1hr range, maybe seller is gathering
so many stops above 1.3206, sitting ducks I guess..
Patience is a virtue...
  • #815,512
  • Jul 15, 2013 11:02pm Jul 15, 2013 11:02pm
Quoting FXMastermind
{quote} ...this is a chaotic system, dude. Fundamentally driven, technically corrected, ruled by supply and demand + psychology of the crowd. "Square roots" donīt work and will never work as market participants donīt make decisions about value expressed in PA based on "square roots". I know itīs in a human nature to look for some kind of order everywhere. But thatīs also why so many traders fail in this place, especially the very smart ones. Give up on square roots and focus on PA. It will pay off.
totally agree.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #815,513
  • Jul 15, 2013 11:04pm Jul 15, 2013 11:04pm
gotta try, one small and suicidal, too tempting though. S AU .9193, giving 10
Quant Hedge Fund CEO
  • #815,514
  • Jul 15, 2013 11:12pm Jul 15, 2013 11:12pm
Quoting ForExtraPips
{quote} Kicking myself for not going long last week, when it reached the 1.2781 area. Live and learn.

u may get another chance near 2875
those who can, do. those who cant, talk about those who can
  • #815,515
  • Jul 15, 2013 11:14pm Jul 15, 2013 11:14pm
short EU from 3093, SL 3100, its my 50% fib lets see how it goes
  • #815,516
  • Jul 15, 2013 11:17pm Jul 15, 2013 11:17pm
eur/usd M15
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #815,517
  • Jul 15, 2013 11:19pm Jul 15, 2013 11:19pm
Quoting hadox
{quote} so many stops above 1.3206, sitting ducks I guess..
How do you know that?
  • #815,518
  • Jul 15, 2013 11:21pm Jul 15, 2013 11:21pm
Quoting FXMastermind
{quote} Not entirely, also depending on what do you consider as TA
any form of investment decision really, that is based on price.

Quote
...Some patterns do work as they reflect human nature (double tops/bottoms, for instance, as they reflect places of heavy supply or demand), some candlestick patterns make sense as well. But these are more of PA studies than TA really. As I said, some tools of TA could give you a decent heads up in terms of PA, something you find hard times to see with bare human eye. Take divergences on oscillators....

I think I know the basic premises of TA. Point is, scientists say itīs all junk, donīt they? I believe "noise trading" is the term they use at the moment. Yes, once in a while there is the odd paper, claiming to have found evidence that, under certain circumstances, in certain markets, select technical trading strategies can beat totally random entries, but they are a minority (maybe they just want to stand out among their peers - lol). So I find it odd when one technical trader mocks anotherīs method as being "scientifically disproven". On what "scientific grounds" does your approach stand?
  • #815,519
  • Jul 15, 2013 11:22pm Jul 15, 2013 11:22pm
Quoting hadox
{quote} so many stops above 1.3206, sitting ducks I guess..
yep I have 3108 as a pretty good fence

presently watching doco about oil boom in USA could be enough to boost USD
If you are new to Forex? Say Goodbye to your account!!
  • #815,520
  • Jul 15, 2013 11:26pm Jul 15, 2013 11:26pm
Quoting gatorinla
{quote} u may get another chance near 2875
Hello Gator, I am your big fan, you r one of the best in FF.
With due respect, what is the logic behind 2875??
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