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  • #823,901
  • Aug 10, 2013 7:29am Aug 10, 2013 7:29am
friend this my first post in FF .
''EURO/USD is showing a inside out candle set up so i have an idea of putting one buy trade with stop stop loss limit just below the previous green candle and one one sell trade with stop loss just above the previous green candle, risk reward ratio is looking good if you consider fibanaacci''
  • #823,902
  • Edited 4:51pm Aug 10, 2013 7:53am | Edited 4:51pm
Quoting giveachance
{quote} ya. still scratching my head as to why usd/cad not rising inspite of the horrible/dismal jobs report. looks like its turn for gold to give a big upside now
Have a look at EUR/CAD, CAD/JPY and CRUDE then put the pieces together might get a reasonable logical clue. Gold has no direct correlation with CAD at all.
  • #823,903
  • Aug 10, 2013 7:57am Aug 10, 2013 7:57am
Quoting Mr Hatch
{quote} And now on to the 'rules' price has to obey to, before we enter/exit.
Hmm... I like this better:

"And now onto the rules we have to obey, based off of the perceived actions of price which has a high probability of behaving X, when Y happens"
  • #823,904
  • Aug 10, 2013 8:23am Aug 10, 2013 8:23am
Quoting Venice
{quote} Hmm... I like this better: "And now onto the rules we have to obey, based off of the perceived actions of price which has a high probability of behaving X, when Y happens"
I dont think the market follows any real sense or logic.. I know the how but I dont know the why. Why 1 must plus 1... or minus 2 for that matter.. =/
it is highly likely that i'm wrong... so dont follow me!
  • #823,905
  • Aug 10, 2013 8:47am Aug 10, 2013 8:47am
Quoting flam
{quote} I dont think the market follows any real sense or logic.. I know the how but I dont know the why. Why 1 must plus 1... or minus 2 for that matter.. =/
Maybe you just haven't noticed it yet. My entire strategy follows this IF/ELSE logic... because when X does happen, there is a high probability of Y happening. For instance... when a LL happens there is a high probability that the next LH will be formed in supply of the previous either HH or LH, just slightly lower.

Of course defining true HH/LL/HL/LH can be difficult at times...

There are many times where price setups happen months or weeks out. For instance... I caught the top of the current down move... filled @ 3390 and experienced a 10 pip'ish draw down. I was waiting for that price since late June. That doesn't mean we are at the next top but my system says we are... and it allows me to lessen the risk now that we have a bear bar on the daily as well.
  • #823,906
  • Aug 10, 2013 9:00am Aug 10, 2013 9:00am
Quoting flam
{quote} I dont think the market follows any real sense or logic.. I know the how but I dont know the why. Why 1 must plus 1... or minus 2 for that matter.. =/
The relentless pursuit of the meaning of life... I have 3270-80, then who knows..
  • #823,907
  • Aug 10, 2013 9:00am Aug 10, 2013 9:00am
Quoting Venice
{quote} Maybe you just haven't noticed it yet. My entire strategy follows this IF/ELSE logic... because when X does happen, there is a high probability of Y happening. For instance... when a LL happens there is a high probability that the next LH will be formed in supply of the previous either HH or LH, just slightly lower. Of course defining true HH/LL/HL/LH can be difficult at times... There are many times where price setups happen months or weeks out. For instance... I caught the top of the current down move... filled @ 3390 and experienced a...
That sounds like a good semi-deterministic system but also, it still describes the how not the why..

Is the why important? Do I need to know? Can a LL also form a HH? Yet, since the last HH, we only had a HL i think... let me check..
it is highly likely that i'm wrong... so dont follow me!
  • #823,908
  • Aug 10, 2013 9:02am Aug 10, 2013 9:02am
Quoting flam
{quote} That sounds like a good semi-deterministic system but also, it still describes the how not the why.. Is the why important? Do I need to know? Can a LL also form a HH? Yet, since the last HH, we only had a HL i think... let me check..
I don't know about the how, but I know about the why, and that's enough for me.
  • #823,909
  • Aug 10, 2013 9:06am Aug 10, 2013 9:06am
Quoting flam
{quote} That sounds like a good semi-deterministic system but also, it still describes the how not the why.. Is the why important? Do I need to know? Can a LL also form a HH? Yet, since the last HH, we only had a HL i think... let me check..
The why... I really do not care about. I could say supply this or demand that... but in reality I don't know. The truth is, the market is a culmination of so many different things that I do not consider it a good use of time to answer the why. Maybe if I was teaching a class... I dunno.

The market also loves to make HH > LL > HH. The lower low suckers in a bunch of people, but in reality it's just setting itself up for a higher spring.

I guess what I am saying is... there are a million in 1 ways to skin this kitty cat. Just because I do it one way doesn't mean it is the best or the most reliable. To me it's all numbers and probabilities. To attila its something else. To you it's something else.

Find something that you recognize price doing consistently, and repeatably and take advantage of it.

Edit: I like Atilla's answer of the 'why'. To frack as many people as possible. LOL.
  • #823,910
  • Aug 10, 2013 9:08am Aug 10, 2013 9:08am
Scientists have no idea why gravity exists and works the way it does. Only how it does. This provides a base for them to understand it and potentially use it to their advantage.

Why... is philosophical.

How... is mechanical.
  • #823,911
  • Aug 10, 2013 9:10am Aug 10, 2013 9:10am
Quoting Venice
{quote}To frack as many people as possible. LOL.
yes and no... they have no interest in fucking us, they don't know us... Here's the bigger question.. When-are-they-making-their-money?

edit: To me, it's all upside down.. I mean, everything.. take all you know, everything you are and believe in and turn it on its head... That's why this is so difficult, it goes against everything we believe in..
  • #823,912
  • Aug 10, 2013 9:13am Aug 10, 2013 9:13am
Quoting attila
{quote} yes and no... they have no interest in fucking us, they don't know us... Here's the bigger question.. When-are-they-making-their-money? edit: To me, it's all upside down.. I mean, everything.. take all you know, everything you are and believe in and turn it on its head... That's why this is so difficult, it goes against everything we believe in..
They are making their money by being market makers.
  • #823,913
  • Aug 10, 2013 9:16am Aug 10, 2013 9:16am
Quoting Venice
{quote} They are making their money by being market makers.
I think that's another misconception.. The wife used to work for a market maker company, and guess what.. that department was losing money consistently.. the way they were making money, was through all the fees waved and all the other perks(being a market maker company) helping their prop traders be more profitable than normal.. So adding it all up they were profitable..

Also, banks lose money too.. to other banks..
  • #823,914
  • Aug 10, 2013 9:23am Aug 10, 2013 9:23am
Quoting Venice
{quote} The why... I really do not care about. I could say supply this or demand that... but in reality I don't know. The truth is, the market is a culmination of so many different things that I do not consider it a good use of time to answer the why. Maybe if I was teaching a class... I dunno. The market also loves to make HH > LL > HH. The lower low suckers in a bunch of people, but in reality it's just setting itself up for a higher spring. I guess what I am saying is... there are a million in 1 ways to skin this kitty cat. Just because I do...
I agree with you.. At this moment in time, I'm still new at this.. Say.. to turn at say 1.34 would seem strange to me did something change other than the price? Yup it turned before the last time but it also didnt turn before even longer ago.. I have yet mastered the how and where so why should I jump in?... Of course with experience and repeated cycles, you just know it and dont wonder about the why..

Ok I think I'm starting to be annoying.. I shall leave the why as it is..

Quoting Venice
Scientists have no idea why gravity exists and works the way it does. Only how it does. This provides a base for them to understand it and potentially use it to their advantage. Why... is philosophical. How... is mechanical.
Yea.. but markets are man made.. the tides dont turn at 1.34M as at wish, there are other factors in place.. Btw, out of topic, they speculate masses exists due to the Higgs Field which can be proven to exist by the Higgs Boson Particle, it gravity maybe an interaction of the Higgs Field or a particle by itself.. the scientists are still looking..
it is highly likely that i'm wrong... so dont follow me!
  • #823,915
  • Aug 10, 2013 9:23am Aug 10, 2013 9:23am
Quoting attila
{quote} I think that's another misconception.. The wife used to work for a market maker company, and guess what.. that department was losing money consistently.. the way they were making money, was through all the fees waved and all the other perks(being a market maker company) helping their prop traders be more profitable than normal.. So adding it all up they were profitable.. Also, banks lose money too.. to other banks..
So basically... the market runs everyone over... irregardless of your position.
  • #823,916
  • Aug 10, 2013 9:29am Aug 10, 2013 9:29am
Quoting Venice
{quote} So basically... the market runs everyone over... irregardless of your position.
pretty much yes..it feeds off that.. there is nothing in this world that will give you the short cut to the money... it's money we're talking about here... you have to be smarter than everybody else.. why is that you ask? simple.. because then you just go to the market and take all the money you want.. how can some think that comes easy is beyond me..

if these were all that simple, then there would be no market..
  • #823,917
  • Aug 10, 2013 9:34am Aug 10, 2013 9:34am
Quoting flam
{quote} I agree with you.. At this moment in time, I'm still new at this.. Say.. to turn at say 1.34 would seem strange to me did something change other than the price? Yup it turned before the last time but it also didnt turn before even longer ago.. I have yet mastered the how and where so why should I jump in?... Of course with experience and repeated cycles, you just know it and dont wonder about the why.. Ok I think I'm starting to be annoying.. I shall leave the why as it is.. {quote} Yea.. but markets are man made.. the tides dont turn at...
Your good man. Your asking questions, even if the responses are not accurate of your views right now. What's important is that we get you studying price and it's behavior. It takes on average 5 years to start becoming consistently profitable, and I was no exception to this rule.

Higs Boson is pretty sweet. In one of my crazy, out of this world that has no basis in science theories... I posited that if we could devise a way to strip an object (and therefore it's associated matter) of the higgs boson temporarily... a molecule without mass can then travel at the speed of light. Wouldn't that be something.
  • #823,918
  • Aug 10, 2013 9:35am Aug 10, 2013 9:35am
Quoting attila
{quote} pretty much yes..it feeds off that.. there is nothing in this world that will give you the short cut to the money... it's money we're talking about here... you have to be smarter than everybody else.. why is that you ask? simple.. because then you just go to the market and take all the money you want.. how can some think that comes easy is beyond me.. if these were all that simple, then there would be no market..
Market Analysts get paid to speculate, without actually speculating. They are consistently wrong too!

Maybe that's the safe bet?
  • #823,919
  • Aug 10, 2013 9:38am Aug 10, 2013 9:38am
The God particle.. Europeans went after it before us.. It cracks me up, some years ago when it all started.. some scientist go To George W. and say this: "Mr. President, we need a couple of several billion dollars so we can start looking for the God Particle"... "You wanna look for WHAT particle? Get the fuck out of my oval office"..
  • #823,920
  • Aug 10, 2013 9:42am Aug 10, 2013 9:42am
Quoting Venice
{quote} Market Analysts get paid to speculate, without actually speculating. They are consistently wrong too! Maybe that's the safe bet?
just plot their predictions as a moving average, and you should be fine.
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