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  • #848,281
  • Oct 30, 2013 12:29am Oct 30, 2013 12:29am
Quoting infinitus
{quote} strangely, if you go back in time, you can see valid fib-levels, even so Fibonacci wasn't born at all........

the pity with fib-levels is: only in hindsight you know, which of the many levels the right one was
  • #848,282
  • Oct 30, 2013 12:40am Oct 30, 2013 12:40am
Quoting infinitus
{quote} the pity with fib-levels is: only in hindsight you know, which of the many levels the right one was
Trading on Higher TF's, TA is only 1/3 of the whole deal.. there are 2 ,more.. Fundamental Analysis and Sentiment Analysis..

Trading on lower TF's [scalps, tick . or even timeless bar formation].. we usually use TA and trading impulsive breakouts followed by momentum and volatility..


whatever float our Yachts
  • #848,283
  • Oct 30, 2013 12:45am Oct 30, 2013 12:45am
Quoting Piters
{quote} trading on Higher TF's, TA is only 1/3 of the whole deal.. there are 2 ,more.. Fundamental Analysis and Sentiment Analysis.. Trading on lower TF's [scalps, tick . or even timeless bar formation].. we usually use TA and trading impulsive breakouts followed with momentum and volatility.. whatever float our Yachts
well put, mate.

Anyone using a chart is using TA.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #848,284
  • Oct 30, 2013 12:48am Oct 30, 2013 12:48am
Quoting Piters
{quote} Trading on Higher TF's, TA is only 1/3 of the whole deal.. there are 2 ,more.. Fundamental Analysis and Sentiment Analysis.. Trading on lower TF's [scalps, tick . or even timeless bar formation].. we usually use TA and trading impulsive breakouts followed by momentum and volatility.. whatever float our Yachts

overall: could not have said better :-)

regarding sentiment: was waiting, that someone would mention it. Think that most traders not even do look at it - big fault........
  • #848,285
  • Oct 30, 2013 12:50am Oct 30, 2013 12:50am
Quoting infinitus
{quote} overall: could not have said better :-) regarding sentiment: was waiting, that someone would mention it. Think that most traders not even do look at it - big fault........
The COT data is one way to get sentiment information. But it is kind tricky to analyze the COT data.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #848,286
  • Oct 30, 2013 12:52am Oct 30, 2013 12:52am
Can anyone explain to me what exactly trading PA without any indicator is?
I've searched for that for more than a year now and have not found anything that makes sense.

My opinion is that traders, especially new traders, are very proud to announce: I trade PA, I don't need any indicator or trend line or S/R levels.
But they don't even know what PA trading is and/or if it even exists.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #848,287
  • Oct 30, 2013 12:54am Oct 30, 2013 12:54am
Quoting Ken A
{quote} It was Moody that triggered the drop about to downgrade AAA ratings A/U .938 is identical to N/U .8224 Worth watching
I have put 9380 on chart, my corresponding level for 8224 is au 9502:nerd:
If you are new to Forex? Say Goodbye to your account!!
  • #848,288
  • Oct 30, 2013 12:55am Oct 30, 2013 12:55am
Quoting KillerWhale
Can anyone explain to me what exactly trading PA without any indicator is? I've searched for that for more than a year now and have not found anything that makes sense. My opinion is that traders, especially new traders, are very proud to announce: I trade PA, I don't need any indicator or trend line or S/R levels. But they don't even know what PA trading is and/or if it even exists.
Trading by price movement in areas where known buy/sell limit/market orders await in the direction of sentiment.
  • #848,289
  • Oct 30, 2013 12:56am Oct 30, 2013 12:56am
Quoting KiwiTrada
{quote} I have put 9380 on chart, my corresponding level for 8224 is au 9502:nerd:
possible a green day for aussie, it been red for 5 days.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #848,290
  • Oct 30, 2013 12:59am Oct 30, 2013 12:59am
Quoting EmeraldEyes
{quote} Trading by price movement in areas where known buy/sell limit/market orders await in the direction of sentiment.
In other words, not trading pa but just relying on support and resistance lines
New voice message: Why are you calling me? If I need you, I'll call you!
  • #848,291
  • Oct 30, 2013 12:59am Oct 30, 2013 12:59am
Quoting KillerWhale
Can anyone explain to me what exactly trading PA without any indicator is? I've searched for that for more than a year now and have not found anything that makes sense. My opinion is that traders, especially new traders, are very proud to announce: I trade PA, I don't need any indicator or trend line or S/R levels. But they don't even know what PA trading is and/or if it even exists.
Imho, one cannot simply trade 'PA' one needs a method or system based on PA, i'e how one reads & interprets this "Action"
People usually confuse PA with naked trading.
  • #848,292
  • Oct 30, 2013 1:02am Oct 30, 2013 1:02am
Quoting ffleo
{quote} possible a green day for aussie, it been red for 5 days.

don't forget BEn have final say for the daily candle , our projection limited to session
Mohan
  • #848,293
  • Oct 30, 2013 1:02am Oct 30, 2013 1:02am
Quoting KillerWhale
Can anyone explain to me what exactly trading PA without any indicator is? I've searched for that for more than a year now and have not found anything that makes sense. My opinion is that traders, especially new traders, are very proud to announce: I trade PA, I don't need any indicator or trend line or S/R levels. But they don't even know what PA trading is and/or if it even exists.
Its when you observe the tick chart for some time and identify where it is ticking faster.. up or down ticks.. and than you take buy or sell in the faster tick direction.
  • #848,294
  • Oct 30, 2013 1:04am Oct 30, 2013 1:04am
Quoting KillerWhale
{quote} In other words, not trading pa but just relying on support and resistance lines
Support/Resistance trading would be using the past to predict the future. If a large entitiy has pulled its offers, price will break though a former resistance level rendering any TA useless.
Future or "potential" S/R is what is ment to trade.
  • #848,295
  • Oct 30, 2013 1:08am Oct 30, 2013 1:08am
Quoting OfWolfAndMan
{quote} Imho, one cannot simply trade 'PA' one needs a method or system based on PA, i'e how one reads & interprets this \"Action\" People usually confuse PA with naked trading.


PA books by AL Brooks:

http://www.amazon.com/Trading-Price-...3113225&sr=1-1
http://www.amazon.com/Trading-Price-...3113225&sr=1-2
http://www.amazon.com/Trading-Price-...3113225&sr=1-3

each book about 4-500 pages, and difficult read. Many people regard Brooks books as PA bible.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #848,296
  • Oct 30, 2013 1:10am Oct 30, 2013 1:10am
Quoting Purple
{quote} Its when you observe the tick chart for some time and identify where it is ticking faster.. up or down ticks.. and than you take buy or sell in the faster tick direction.
You want me to get crazy by trading tick charts?
I'm making a living of forex, how could I ever do that with tick charts?
For 5 pip profits? Come on!!!!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #848,297
  • Oct 30, 2013 1:11am Oct 30, 2013 1:11am
Quoting EmeraldEyes
{quote} Support/Resistance trading would be using the past to predict the future. If a large entitiy has pulled its offers, price will break though a former resistance level rendering any TA useless. Future or \"potential\" S/R is what is ment to trade.

and how do we determine this levels?
  • #848,298
  • Oct 30, 2013 1:13am Oct 30, 2013 1:13am
Quoting infinitus
{quote} the pity with fib-levels is: only in hindsight you know, which of the many levels the right one was
People have exaggerated 61.8% fib. No doubt it is very common in nature but to maintain aspect ratio and balance in whatever that grows. Think of a tree or a complete forest where every tree as a whole or its branches, leaves, flowers and fruits grow without maintaining proportion and balance.

What we should call a person who applies this phenomenon to currency price or stock market index or value of stock growth / decline?

Do fib work in currency market or stock market?................. You bet, they do work.......... as much as they work in natural growth/decline.
The Thief of Wall Street
  • #848,299
  • Oct 30, 2013 1:14am Oct 30, 2013 1:14am
Quoting EmeraldEyes
{quote} Support/Resistance trading would be using the past to predict the future. If a large entitiy has pulled its offers, price will break though a former resistance level rendering any TA useless. Future or \"potential\" S/R is what is ment to trade.
That's just a matter of money management, still has nothing to do with pa trading, whatever it may be
New voice message: Why are you calling me? If I need you, I'll call you!
  • #848,300
  • Oct 30, 2013 1:20am Oct 30, 2013 1:20am
Quoting infinitus
{quote} and how do we determine this levels?
Dealers report when very large players/banks enter their orders on the market. Of course they sell this info at a price but there's free info that can be found online. Free info isn't the best, but works OK. Usually the higher the price, the more reputable the feed. These dealers are closer to the market than any of us. They report stops, options, commercial bank offers/exotic options.

Earlier today, my order feed was
NZD/USD stops below 0.8230 &
USD/JPY stops above 98.48 noted, next level to the topside will be 99.00
AUD/USD Option w/ .9500 strike worth 1 yard expiring today.
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