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Clarity Indicator 4 replies

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The clarity thread

  • #101
  • Oct 3, 2013 3:29am Oct 3, 2013 3:29am
Oh that is an interesting question, that have no answer.

I explain, i don't think do exist a particular strategy about what to do if this happen, you would need to see the overall market picture to understand if it can be the case to buy more below the lows, or if the best thing to do is take the loss and exit the market as soon as possible, you understand what i mean.
It's the same with pinbars doji stars harami and also with indicators generated signals, ma crosses, macd rsi this that.

The very same strategy will be good one time and bad the other time, for example by looking your chart i've no idea what would be the best thing to do, i would need to see all the timeframes, see what's happening, and maybe an idea would come.
  • #102
  • Oct 3, 2013 3:43am Oct 3, 2013 3:43am
Quoting spaceduck
Oh that is an interesting question, that have no answer. I explain, i don't think do exist a particular strategy about what to do if this happen, you would need to see the overall market picture to understand if it can be the case to buy more below the lows, or if the best thing to do is take the loss and exit the market as soon as possible, you understand what i mean. It's the same with pinbars doji stars harami and also with indicators generated signals, ma crosses, macd rsi this that. The very same strategy will be good one time and bad the other...

makes me think about the timeframe.. that was on 5M chart.. i've heard bad things about trading on this timeframe..
how does automated bot help in trading (except from removing the human factor)
A trade should be based on an assumption based on facts
  • #103
  • Oct 3, 2013 4:08am Oct 3, 2013 4:08am
-- nzdusd --

Ohh that is cute, nzdusd just approached support area!
With this i guess it's enough accumulation for today.

-- to be continued --
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  • #104
  • Oct 3, 2013 6:09am Oct 3, 2013 6:09am
I think I'll join you SD.

Attached Image (click to enlarge)
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Thanks for all the fish
  • #105
  • Oct 3, 2013 6:38am Oct 3, 2013 6:38am
but it looks heading down,,looking for bottom, I just predict
but of course I could be wrong guesses
Attached Image
if there is something you should keep secret,simply just save it,, so, just
  • #106
  • Oct 3, 2013 6:55am Oct 3, 2013 6:55am
Quoting sandycarrot
but it looks heading down,,looking for bottom, I just predict but of course I could be wrong guesses {image}
Why you buy then

Jokes apart, it looks good, i don't see any extreme downside risk, personally i'm continuing to buy this dip, and moved the target to 0.8410 area.

It is important to stay focused, aligned to the plan, and avoid pessimism, emotionalism, superstition, fear, etc.
In other words, you have to keep control of your own mind, if you really predict it will go down then at least close your buy trade and re-align your trades with your predictions.

As always nothing personal, but this is a very important subject, the moment your personal belifs and your trades go in opposite direction, a lot of internal conflicts arises, mental lucidity become a far memory, and well it is surely not the path to "clarity trading".

As for me i stick to my plan, because i think it make sense. In the moment i would change idea, the first thing i would do is close the trade.

Nice buy by the way!
  • #107
  • Oct 3, 2013 7:16am Oct 3, 2013 7:16am
-- eurgbp update --

I just take profits now, nothing big but considering the daily average range, i'm not sure we're going to see further strenght here, not really a volatile pair.
Anyway, a profit is a profit.
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  • #108
  • Oct 3, 2013 7:31am Oct 3, 2013 7:31am
Hey SD
I (Vogon) am the one who joined with you, not sandycarrot.
I have expressed no opinion.
Big boy here.
Like you style.

At work no more chat today
Good luck!
Thanks for all the fish
  • #109
  • Oct 3, 2013 7:39am Oct 3, 2013 7:39am
Quoting Vogon
Hey SD I (Vogon) am the one who joined with you, not sandycarrot. I have expressed no opinion. Big boy here. Like you style. At work no more chat today Good luck!
Ohh now i understand, he re-used the image you originally posted with his modifies on it, now it's clear!
I was not understanding why your charts was looking soo similar, and same entry tp sl also, i did tought that you was just using 2 FF accounts.

Ooops..
What a gaffe!

Anyway gaffe apart, i've see many traders enter a trade, change opinion, but yet keep trades opened against their own prediction (presumibly hoping that their new prediction is wrong and the profit will come), that is a situation that happen frequently to many traders, so ok that post still have a meaning.

Good luck Vogon!
  • #110
  • Oct 3, 2013 7:43am Oct 3, 2013 7:43am
while this,look like usd weak
if there is something you should keep secret,simply just save it,, so, just
  • #111
  • Oct 3, 2013 6:46pm Oct 3, 2013 6:46pm
I still like the way this pair is acting. Was taken out this morning on the volatility swing. Have a pending buy just below.
SD I presume you are still in it as well, No impending doom seen yet? This creeping sideways movement seems bullish to me. Hope you don't mind my posts in your thread.

Attached Image (click to enlarge)
Click to Enlarge Name: 2013-10-03 18_31_50-[NZDUSD,M15].jpg Size: 111 KB
Thanks for all the fish
  • #112
  • Oct 3, 2013 8:55pm Oct 3, 2013 8:55pm
Quoting Vogon
I still like the way this pair is acting. Was taken out this morning on the volatility swing. Have a pending buy just below. SD I presume you are still in it as well, No impending doom seen yet? This creeping sideways movement seems bullish to me. Hope you don't mind my posts in your thread. {image}
Hi, your posts are welcome!

me too i'm still in of course, the technical target is still just 1 pip above yesterday high, i'm keeping wide with a projected target, let's try.

Slightly boring yesterday action, but ok patience is always needed.
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  • #113
  • Oct 3, 2013 9:02pm Oct 3, 2013 9:02pm
Gold

Trading theory for today --

price action lately.. correct me if i'm wrong or thinking too much..


oct 1 - gaps up on open, 1250 test and huge fall to find support from long term bull 61.8 fibonacci retracement
oct 2 - finds support on 61.8 fibo and clears levels : 1300, 1305, 1309 ( the mid-point of big bear bar), 1315 and tests 1322 before closing the day over 1315
oct 3 - falls but failure to test 1300, finds support at 1309 & 1312 before testing 1322 to close above 1315

Pivot =1315 (lots of reactions) ?

3 prior weekly candles have support at 1325

I'll bet on a close over 1325 and possibly testing the 1350 level it did at the open of the week.. 1330 = level to watch on the up..
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A trade should be based on an assumption based on facts
  • #114
  • Oct 3, 2013 9:43pm Oct 3, 2013 9:43pm
Quoting Mave
Gold Trading theory for today -- price action lately.. correct me if i'm wrong or thinking too much.. oct 1 - gaps up on open, 1250 test and huge fall to find support from long term bull 61.8 fibonacci retracement oct 2 - finds support on 61.8 fibo and clears levels : 1300, 1305, 1309 ( the mid-point of big bear bar), 1315 and tests 1322 before closing the day over 1315 oct 3 - falls but failure to test 1300, finds support at 1309 & 1312 before testing 1322 to close above 1315 Pivot =1315 (lots of reactions) ? 3 prior weekly candles have support...
Gold..

A few words of caution about gold

To all readers, be careful when trading gold, it is totally different from forex.
The implied value of currencies (forex) affect whole national economies, the interest on forex is soo huge that almost every bank of the world have some hands in the fx market, making it the most liquid market, and thanks to this, there are some universal rules that do work on forex, as it is not easily manipolable.

About Gold:
Gold is different, the implied value of gold don't affect any economy, the gold market is simply a speculative one.
It's liquidity is really thin compared to forex, and it is one of the market most manipulated in the world. In other words, there are soo many investors with a decent capital that can at their own inspiration move drastically the price, it's absolutely a wild market, highly unpredictable, and with a huge volatility.
Kind of gambling to me, at least if we attempt to trade it in the short-medium term.
So good luck!

To answer to Mave, yes personally i think the next move will be a visit to last week highs at 1352, but considering the nature of gold market (as written above) i would say there is a 50% chances of that to happen.
  • #115
  • Oct 3, 2013 9:53pm Oct 3, 2013 9:53pm
-- nzdusd thought --

I was noticing with a certain interest, that nzdusd action of this week, and in particular of yesterday, created a situation where a range breakout and a following big (well relatively to the pair average volatility) move will happen soon.
So... good luck to anybody currently involved on a trade on this pair!

More to come.
  • #116
  • Oct 3, 2013 10:26pm Oct 3, 2013 10:26pm
Quoting spaceduck
{quote} Gold.. A few words of caution about gold To all readers, be careful when trading gold, it is totally different from forex. The implied value of currencies (forex) affect whole national economies, the interest on forex is soo huge that almost every bank of the world have some hands in the fx market, making it the most liquid market, and thanks to this, there are some universal rules that do work on forex, as it is not easily manipolable. About Gold: Gold is different, the implied value of gold don't affect any economy, the gold market is...

so, this is what i've been missing.. hmmm

thanks man
A trade should be based on an assumption based on facts
  • #117
  • Oct 3, 2013 10:33pm Oct 3, 2013 10:33pm
Quoting Mave
{quote} so, this is what i've been missing.. hmmm thanks man
Keep it as a personal opinion, i'm aware some traders may say the opposite, that fx market is highly manipulated by central banks and government, and gold market is instead more predictable and "free market" than fx, due to its speculative nature.

There are no absolute truths, everyone have its own.

cheers!
  • #118
  • Oct 3, 2013 10:47pm Oct 3, 2013 10:47pm
Quoting spaceduck
{quote} Keep it as a personal opinion, i'm aware some traders may say the opposite, that fx market is highly manipulated by central banks and government, and gold market is instead more predictable and "free market" than fx, due to its speculative nature. There are no absolute truths, everyone have its own. cheers!

hmm.. so, i guess it happens everywhere, just that gold can be more volatile so it is more visible?
A trade should be based on an assumption based on facts
  • #119
  • Oct 3, 2013 10:55pm Oct 3, 2013 10:55pm
Yes volatile for sure, i just don't like it's way of acting, there is not a regulard volatility distribution, it may stay calm for some days, than make 1000pips in one day, you know what i mean, i don't "trust" it.
Maybe because in the years it costed me a lot of money, i've still bad bad memories about it.
On the other side, if you use to be on the right direction, gold is able to give huge profits in a short time, every coin have 2 faces
  • #120
  • Oct 3, 2013 11:25pm Oct 3, 2013 11:25pm
Quoting spaceduck
Yes volatile for sure, i just don't like it's way of acting, there is not a regulard volatility distribution, it may stay calm for some days, than make 1000pips in one day, you know what i mean, i don't "trust" it. Maybe because in the years it costed me a lot of money, i've still bad bad memories about it. On the other side, if you use to be on the right direction, gold is able to give huge profits in a short time, every coin have 2 faces

"it costed me a lot of money"
true.. hard earned money goes poof in a matter of minutes.

"gold is able to give huge profits in a short time"
thats why i'm chasing it.. you're wise

in a totally random direction - which movie, if any, has inspired you to trade
A trade should be based on an assumption based on facts
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