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  • #843,221
  • Oct 13, 2013 10:00am Oct 13, 2013 10:00am
Quoting fxmasterdxb
{quote} I opened an account in myfxbook and soon will link it with my real account
Do yourself a great favor & lot of money and terminate the account ... these types of accounts will confuse your thinking and will make u focus on statistics more than effective trades. ( Imagine a man trying to walk while looking back at his foot prints )
"It's the Margin, Stupid."
  • #843,222
  • Oct 13, 2013 10:14am Oct 13, 2013 10:14am
Quoting Vachus
{quote} Do yourself a great favor & lot of money and terminate the account ... these types of accounts will confuse your thinking and will make u focus on statistics more than effective trades. ( Imagine a man trying to walk while looking back at his foot prints )
you are absolutley correct. I am going to remove this type of tracking. I will better use my excel sheet. and month end to end update data. instead of checking day to day. you are right it makes mind out of market and look you only in performance.
  • #843,223
  • Oct 13, 2013 10:18am Oct 13, 2013 10:18am
thanks! paipai888 has presented a fantastic analytics and very pretty charts. here is my charts:
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  • #843,224
  • Oct 13, 2013 10:22am Oct 13, 2013 10:22am
Quoting cobracoder
{quote} you are absolutley correct. I am going to remove this type of tracking. I will better use my excel sheet. and month end to end update data. instead of checking day to day. you are right it makes mind out of market and look you only in performance.
Look, these type of tracking performance concern someone with a portfolio with different asset classes ... most of people don't need it ! If you wanna keep track of performance just concentrate on Margin , make it grow and protect it all times ! the rest is just noise.
"It's the Margin, Stupid."
  • #843,225
  • Oct 13, 2013 10:26am Oct 13, 2013 10:26am
you don't need all this 3D multicolor charts with 100 lines !
Here we are...
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  • #843,226
  • Oct 13, 2013 10:29am Oct 13, 2013 10:29am
Quoting forexalien
EU Daily.........
Ah yes this makes a lot of sense. I see the squiggly line in the top crossing with the one in the bottom, and if both the top and bottom indicators match while the middle one is in limbo we have a clear bullearish signal. Easy 100 pips, just add a 1000 pip stop.
  • #843,227
  • Oct 13, 2013 10:34am Oct 13, 2013 10:34am
Quoting Vachus
{quote} Look, these type of tracking performance concern someone with a portfolio with different asset classes ... most of people don't need it ! If you wanna keep track of performance just concentrate on Margin , make it grow and protect it all times ! the rest is just noise.
Appreciate the point of view but I think I will give it a shot and try the system
  • #843,228
  • Oct 13, 2013 10:36am Oct 13, 2013 10:36am
Quoting Miguel.N
you don't need all this 3D multicolor charts with 100 lines ! Here we are... {image}
Like your charts mate keep it up
  • #843,229
  • Oct 13, 2013 10:39am Oct 13, 2013 10:39am
Quoting Miguel.N
you don't need all this 3D multicolor charts with 100 lines ! Here we are... {image}
Simplicity is key to good trading. However, I have to ask you this - where are you going to place your stop on this when price doesn't turn on a dime at your trendline, or if it blasts right through?
  • #843,230
  • Oct 13, 2013 10:45am Oct 13, 2013 10:45am
Quoting forexalien
EU Daily......... {image}
I do like EJ & GU charts you posted in the other threads, but not really sure with the EU

man I consider you one of the "few" Gurus in the forex factory forum, most of your posted trades goes in your direction! I wonder if your "alien" friends has a hand in that LOL
  • #843,231
  • Oct 13, 2013 10:51am Oct 13, 2013 10:51am
Quoting fxmasterdxb
{quote} I do like EJ & GU charts you posted in the other threads, but not really sure with the EU man I consider you one of the "few" Gurus in the forex factory forum, most of your posted trades goes in your direction! I wonder if your "alien" friends has a hand in that LOL
Mate I don't mean to insult you but have a look at the Price is Everything thread and Kenneth Lee's material. People can paste all sorts of complicated looking mumbo jumbo but it's almost all junk and these same people couldn't trade profitably over the long term if it were to save their own skin. The markets are the result of many complex interactions but reading a chart is simple and to mark it up all you need are some horizontal lines. Lots of frauds on this forum, don't be a sucker.
  • #843,232
  • Oct 13, 2013 10:54am Oct 13, 2013 10:54am
Quoting paipai888
it is view for gbpusd i will wait 1.6050-1.6080 projection to sell with 30pips sl. {image} {image}
i traded harmonic patterns for a while, heck i got trained with on of the "GURUs" in this feild, my only issue with this kind of patterns that the success percentage is maximum 65%-70% and you to "ALWAYS" look for perfect patterns which does not come always!

with all my respect to you and the harmonic patterns, i find them now more like an imagenery drawing with a hope of a turn at the tip of the pattern!
  • #843,233
  • Oct 13, 2013 10:57am Oct 13, 2013 10:57am
Quoting Kanzler
{quote} Simplicity is key to good trading. However, I have to ask you this - where are you going to place your stop on this when price doesn't turn on a dime at your trendline, or if it blasts right through?
At any point in time price can turn either up or down.. and I mean turn in the sense of never looking back, and I emphasize any point in time... all lines should be treated as liars until proven otherwise..
  • #843,234
  • Oct 13, 2013 10:57am Oct 13, 2013 10:57am
Quoting Kanzler
{quote} Mate I don't mean to insult you but have a look at the Price is Everything thread and Kenneth Lee's material. People can paste all sorts of complicated looking mumbo jumbo but it's almost all junk and these same people couldn't trade profitably over the long term if it were to save their own skin. The markets are the result of many complex interactions but reading a chart is simple and to mark it up all you need are some horizontal lines. Lots of frauds on this forum, don't be a sucker.
4 months and running without a wrong post on FF, you only post 1/10th of what I post, show us some charts and Ideas instead of trolling................
The More You Learn, The More You Earn.....
  • #843,235
  • Oct 13, 2013 11:01am Oct 13, 2013 11:01am
Let me give you a clearer picture.:nerd:
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If you're not part of the solution then you're part of the problem.
  • #843,236
  • Oct 13, 2013 11:01am Oct 13, 2013 11:01am
Still waiting for price to hit 1.59 on GU where I'll be going long and hopefully ride it upto the 6075 area before shorting it. See the pretty green lines/arrows.
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  • #843,237
  • Oct 13, 2013 11:02am Oct 13, 2013 11:02am
Quoting forexalien
{quote} 4 months and running without a wrong post on FF, you only post 1/10th of what I post, show us some charts and Ideas instead of trolling................
That's not hard to do when you don't use a stop loss. You can hold your losers as long as you want and 5 years down the road it becomes another "winner". If that's what makes a guru, anybody can be one. And I'm not trolling - I have a serious problem with the way you present trading to newbies. All of it's junk and you're going to lead them down the path to financial ruin. I'm profitable and I know other profitable traders who do this for a living. We're profitable because we know where the market is likely to turn and have a risk zone defined to manage that, and we don't need modern art on our charts to tell where that's going to be. We take losses - lots of them. And in the end, it doesn't matter because we still grow our accounts without having some massive overhanging paper loss to worry about.

Quoting attila
{quote} At any point in time price can turn either up or down.. and I mean turn in the sense of never looking back, and I emphasize any point in time... all lines should be treated as liars until proven otherwise..
Absolutely. I don't believe you can trade single lines...you need a risk zone to prove your forecast right or wrong.

Quoting majorusa
Let me give you a clearer picture.:nerd: {image}
You must have borrowed this from Alien lol.
  • #843,238
  • Oct 13, 2013 11:09am Oct 13, 2013 11:09am
Quoting Kanzler
You must have borrowed this from Alien lol.
Nope. This graph is clearly showing the the market is about to move wherever the big boys want. And all of us are back seat drivers.
And I totally agree with the risk zones.
If you're not part of the solution then you're part of the problem.
  • #843,239
  • Oct 13, 2013 11:10am Oct 13, 2013 11:10am
Quoting Kanzler
{quote} Mate I don't mean to insult you but have a look at the Price is Everything thread and Kenneth Lee's material. People can paste all sorts of complicated looking mumbo jumbo but it's almost all junk and these same people couldn't trade profitably over the long term if it were to save their own skin. The markets are the result of many complex interactions but reading a chart is simple and to mark it up all you need are some horizontal lines. Lots of frauds on this forum, don't be a sucker.
LOL man if you refer to my posts you will see i trade depending on trendline, horizontal line and structures, i dont really tend to use complicated systems like forexaliegn, however, i have been following his posts since a while and honestly, he rocks!
  • #843,240
  • Oct 13, 2013 11:16am Oct 13, 2013 11:16am
Quoting fxmasterdxb
{quote} LOL man if you refer to my posts you will see i trade depending on trendline, horizontal line and structures, i dont really tend to use complicated systems like forexaliegn, however, i have been following his posts since a while and honestly, he rocks!
Have you noticed that he doesn't use a stop loss and that his trades will always win given enough time and deep enough pockets? Risking dollars for pennies isn't a good deal. But if you like that strategy, feel free to suit yourself, I'm just dropping hints for those who actually want to have a profit at the end of the year.
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