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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #4,741
  • Aug 17, 2013 6:42am Aug 17, 2013 6:42am
Quoting PipTrapper
{quote} http://www.tradersdaytrading.com/ell...ve-theory.html http://www.tradersdaytrading.com/sup...ave_theory.pdf

THANK YOU.
Wherever you go, there you are.
  • #4,742
  • Edited 7:27am Aug 17, 2013 7:11am | Edited 7:27am
Quoting godim
{quote} How come it's not important? See that you can not understand something simple. It's that simple. I did not draw all these lines. The market drew them. Price forms tops and bottoms, which generally must be mapped these lines. Then starts the price to perceive them as support and resistance. You have a map with these shoals and depths and must spend your ship full of gold. To make analysis is difficult. Sometimes there are a lot of lines and the solution is not obvious. But sometimes the solution is very clear. I...
I am going to say something on this:

Godim

1) Analysis is easy and elusive, trading is difficult and definite.
2) I think what Schick is saying: "ok, all very nice but how did you take advantage of it?Show it to us, otherwise your post will not be very use to me"
3) Nobody is expecting you to make decision for others, just make it for yourself and show it to us how you do it and personally if I see it I also will be more interested in reading your posts and learn from it.

Please do not take this as personal, I am only trying to express myself with a constructive criticism.

milam
Wherever you go, there you are.
  • #4,743
  • Aug 17, 2013 7:25am Aug 17, 2013 7:25am
Quoting Schickeria
Ok i have done here! My last post here! Good Bye to all!

Schick

You are such a good trader and your posts make sense to me, they are clean, neat and inspiring, but you need to find peace of mind otherwise your gain in the financial sense would mean very little to you and to others.

Take this as a friendly advice.

milam
Wherever you go, there you are.
  • #4,744
  • Aug 17, 2013 7:46am Aug 17, 2013 7:46am
Quoting milam
{quote} I am going to say something on this: Godim 1) Analysis is easy and elusive, trading is difficult and definite. 2) I think what Schick is saying: "ok, all very nice but how did you take advantage of it?Show it to us, otherwise your post will not be very use to me" 3) Nobody is expecting you to make decision for others, just make it for yourself and show it to us how you do it and personally if I see it I also will be more interested in reading your posts and learn from it. Please do not take this as personal, I am only trying to express...
Yeah well, interesting. One question: is there a truth about the market? And I think about a joke.
"How far enters the wolf in the woods?"
The answer is: "By the middle. Then starts to coming out!"
Well, I ask you: Do you know where "is the middle of the forest?"

You write like do you know that.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #4,745
  • Aug 17, 2013 7:59am Aug 17, 2013 7:59am
Quoting godim
{quote} Yeah well, interesting. One question: is there a truth about the market? And I think about a joke. "How far enters the wolf in the woods?" The answer is: "By the middle. Then starts to coming out!" Well, I ask you: Do you know where "is the middle of the forest?" You write like do you know that.
Applause ........

Inserted Video
  • #4,746
  • Aug 17, 2013 8:06am Aug 17, 2013 8:06am
Quoting godim
{quote} Yeah well, interesting. One question: is there a truth about the market? And I think about a joke. "How far enters the wolf in the woods?" The answer is: "By the middle. Then starts to coming out!" Well, I ask you: Do you know where "is the middle of the forest?" You write like do you know that.
Godim

I do not believe in absolute truth, but hey that is only my perception, "Nothing perceived is independent of perception, and perception differs not from the perceiver; therefore the [perceived] universe is nothing but the perceiver", from and ancient book of soul.

Sorry, it may seem that I know where the middle of the forest is, but I do not and I do not see any reasons why I should. Do you think is important to know where the middle of the forest is?

I am going to bed now, I will be reading your post with interest in the morning.

milam


Inserted Video
Wherever you go, there you are.
  • #4,747
  • Aug 17, 2013 8:25am Aug 17, 2013 8:25am
Quoting milam
{quote} ... I am going to bed now, I will be reading your post with interest in the morning. milam http://www.youtube.com/watch?v=OqrJJ6-f1co
Attached Image

Morning? The Vatican is not there in Rome?
http://en.wikipedia.org/wiki/Vatican_City

Anyway
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #4,748
  • Aug 17, 2013 10:09am Aug 17, 2013 10:09am
USD/CHF H4 CHART

"SYMMETRICAL CUP FORMATION" coming to the 0.9750
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  • #4,749
  • Aug 17, 2013 11:30am Aug 17, 2013 11:30am
Strong W Resistance @3522 : 50% Fib & 10th Feb W
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  • #4,750
  • Aug 17, 2013 11:40am Aug 17, 2013 11:40am
Strong M resistance @3522 : MR1 & Jul 2007
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  • #4,751
  • Aug 17, 2013 12:28pm Aug 17, 2013 12:28pm
Quoting davidsayli
USD/CAD WEEKLY CHART "CUP FORMATION" coming to the 1.3064 {image}

Hi David,


nothing against your analysis and views. But inquiring minds want to know something

Do you really believe, that markets are always that symmetrical?


Or do you only show charts, where you think, that this symmetry has high chance of happening?
  • #4,752
  • Aug 17, 2013 12:30pm Aug 17, 2013 12:30pm
Quoting godim
{quote} If you want something to change, or if you change something you should consider this: {image} The next question, of course is... The next question, of course is, “What does a fractal have to do with trading in equity markets?” Imagine if someone presented you with a collection of price-time charts of many different equities and indices from many different markets. Each of these charts have been drawn using different time scales. Some are intraday, some are daily, and some are weekly. None of these charts, however, is labeled. Without labels,...

Hi Godim,

Murrey once told:

Now, as any market runs into its Trading Frame:

1) 4 Day

2) 8 Day

3) 16 Day (normal trading frame)

4) 32 Day

5) 64 Day Time Frame, we may expect the greatest reverses to occur on:

0/8ths, 2/8ths, 4/8ths, 6/8ths, and finally starting over on 0/8ths

The most critical reversal day is 6/8ths (inside the Trading Frame).

You might ask which one, then you pick it yourself. 16 is normal: for stocks, Bonds, and Indexes. 32 is more normal for Commodities. We must switch back and forth between more than one Time Frame to get the closest Trading Frame that gives us the best "feel" for our "projected profits."


When the first MT4 indicators were developed for Murrey Math, there was a big discussion, how to deal with trading frame, I can remember.

When I, as well as the developer of Murrey Math MT4 indis, have understood it right, does the trading frame not specifically deal with fractals. When it comes to the trading frame of 4 days (or a multiple of that) Murrey gave some strange reasonings like earth magnetism and some rules of the SEC causing harmonic rhythm. Well, I do think, that Murrey self did not know the reason for the multiple of 4, or he kept the secret. I think it has something to do with the "magic" of 8

Murrey used his system only on daily charts, as far as I know. The lookback period of 32 he suggested for commodities. Since currencies behave more as commodities than as stocks I initially went with 32. But I also tried a lookback period of 8, 16, and 64 in currencies. Murrey recommend to change constantly between different Trading-frames in order to find the best. But I found it to be a bad idea, at least for me, to constantly change the trading -frames (aka lookback period).

Since Murrey only used daily charts, many people wondered, how to apply the trading frame to lower TF, or bigger TF.

The simplest solution was, to simply apply the same lookback period to all TF's.

Another valuable lesson Murrey gave, was:

Human Nature being what it is, anyone who promises to tell you what will happen out past (64) Trading Days, is a "guru" who can't trade today (because they are always going to tell what will happen next: week, month, year!


So out of this and out of the theory of market memory (some articles about that can be found in my Quant and Algo Trading Thread) I have chosen to apply the same trading-frame (lookback period) for all TF's.

Since the Murrey Levels itself are build with fractal-mathematic, it seems to not be of utmost importance to deal with fractals as you showed in your calculations. Take it this way: when I apply 32 periods on a M1 TF, I cover 32 minutes of action. That is the relevance for my M1 TF. When there was an important event more way back, it gets eventually covered with the 5min TF, which coveres 160 minutes, or the 15min TF, which covers the last 480 minutes.

May I ask for the reasoning why you chose to take 6h on the M1 timeframe?


I think, there does not exist maximum truth in trading. The more one is able to improvise or to abstract, the more you are able to simplification, the more you can trade.

I have accepted that I can not have the entries to the PIP everytime. In accepting that, I simply had to accept, that my money management and leverage has to care for the rest.

But anyway - that is my style of trading.


But nonetheless - very interesting to see your view - keep it going :-)
  • #4,753
  • Aug 17, 2013 12:43pm Aug 17, 2013 12:43pm
Quoting Schickeria
{quote} Solange er seine 77 Levlels hier postet und keinen einzigen Entry postet - bin ich raus hier. Ich bin definitiv kein "Superguru" aber es ist nicht viel verlangt mal einen einzigen Entry zu posten wie er seine Levels tradet. Andere machen das ja auch, daß ist sehr vorbildlich und da bin ich richtig stolz drauf. Das wäre mal für andere follower auch mal interessant zu wissen, und das ist der Sinn und Zweck dieses Forums "TheClub!". Alles andere kann mal diskutiert werden, aber das ist Nebensache. Schließlich wollen wir uns hier austauschen...


As I stated last week:

either offer analysis

OR

trading with entry/exit


OR

trading related discussion



There is a simple solution to the problem, if you do not like to read Godims postings (I can say: I do like to read Godims postings): simply set him on ignore.

Where is the problem?



Since the major theme of the thread is "education", either through live trades, analysis, or trading discussions, I can not see where Godim is wrong with posting his stuff.

Yes, months ago I was also upset when Godim did not disclose, how he would trade the levels. But I have accepted the fact, that many traders here do not like to be seated on the hot seat with life trades. The spirit simply is: Take what you can get freely from other traders and try to profit from it.


That is the simple reason of this thread. To profit......, and no pissing contest.


I hope that we can exclude this theme in the future, because it is time consuming. And we all can take this time for better things.....


Why is it so hard to accept my wish to get off Godims back?

PLEASE!!!


Wish you a nice weekend,


Markus
  • #4,754
  • Aug 17, 2013 12:44pm Aug 17, 2013 12:44pm
Quoting godim
{quote} How come it's not important? See that you can not understand something simple. It's that simple. I did not draw all these lines. The market drew them. Price forms tops and bottoms, which generally must be mapped these lines. Then starts the price to perceive them as support and resistance. You have a map with these shoals and depths and must spend your ship full of gold. To make analysis is difficult. Sometimes there are a lot of lines and the solution is not obvious. But sometimes the solution is very clear. I can not make decisions for...

  • #4,755
  • Aug 17, 2013 12:45pm Aug 17, 2013 12:45pm
Quoting milam
{quote} Schick You are such a good trader and your posts make sense to me, they are clean, neat and inspiring, but you need to find peace of mind otherwise your gain in the financial sense would mean very little to you and to others. Take this as a friendly advice. milam

  • #4,756
  • Aug 17, 2013 2:43pm Aug 17, 2013 2:43pm
Nearly got sick when I have seen that:

New member profile view



I dont like that it sucks !
  • #4,757
  • Aug 17, 2013 3:45pm Aug 17, 2013 3:45pm
Quoting milam
Infy and company I also what to know about EW, so I know what you are talking about, where should I start?

Hi Milam,


basically, one book to read is enough. It is "The Elliott Wave Principle" by Frost and Prechter.

If you simply like to read the online version of this book, go to www.elliottwave.com, apply there for Club EWI membership, which is free of charge, and then you can read it.
  • #4,758
  • Aug 17, 2013 4:58pm Aug 17, 2013 4:58pm
Quoting godim
{quote} {image} Morning? The Vatican is not there in Rome? http://en.wikipedia.org/wiki/Vatican_City Anyway
Good morning,

The Vatican state is were you want to be, my friend. Anyway I am in Sydney.
Wherever you go, there you are.
  • #4,759
  • Aug 17, 2013 5:11pm Aug 17, 2013 5:11pm
Quoting infinitus
{quote} Hi Milam, basically, one book to read is enough. It is "The Elliott Wave Principle" by Frost and Prechter. If you simply like to read the online version of this book, go to www.elliottwave.com, apply there for Club EWI membership, which is free of charge, and then you can read it.

Thank you.
Wherever you go, there you are.
  • #4,760
  • Aug 17, 2013 5:30pm Aug 17, 2013 5:30pm
Guys

I have been doing some reading on supply and demand and next week I will try in applying it as a scalper to short term together with other tools I have been using till now. I am looking forward to it.

If you have any advise, I will be happy to read them.


milam
Wherever you go, there you are.
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