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  • #848,401
  • Oct 30, 2013 3:59am Oct 30, 2013 3:59am
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.
The only way this can be done is to study EWP, look for the HH or LL after the turn, and go long or short when you see momentum on the 3rd wave ..........IMO

New and Old traders that are not having success, feel important when they talk about PA trading and there is no way to prove them wrong unless they make trade calls using it, and that never happens...............IMO

Click on the Monk of PA to see their results...............
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The More You Learn, The More You Earn.....
  • #848,402
  • Oct 30, 2013 4:00am Oct 30, 2013 4:00am
Quoting forexalien
{quote} The only way this can be done is to study EWP, look for the HH or LL after the turn, and go long or short when you see momentum on the 3rd wave ..........IMO New and Old traders that are not having success, feel important when they talk about PA trading and there is no way to prove them wrong unless they make trade calls using it, and that never happens...............IMO Click on the Monk of PA to see their results............... {image}
This type of trading is happening as we speak................
The More You Learn, The More You Earn.....
  • #848,403
  • Oct 30, 2013 4:03am Oct 30, 2013 4:03am
Quoting rattyo
I've gone long here at 13750. See if I can get few pips out this!
Taken 17 points for now.
rat
  • #848,404
  • Oct 30, 2013 4:04am Oct 30, 2013 4:04am
Quoting julia2011
{quote} wont pass 3775 we dive down to 3700 - 3660

would you kindly share your analysis with us?
  • #848,405
  • Oct 30, 2013 4:04am Oct 30, 2013 4:04am
Quoting ffleo
{quote} you will be surprised many fib levels fit in the S/R levels shown by the market profile.
I am not surprised mate.. I see them too..
but I am trying not to think in absolute values.. It takes creativity out of the equation.. [too rigit to me.]

Let me give you one example.. You Posted a cable chart..[ here is mine..]

Daily chart with 4 months time span [monthly distribution].. what wee see .. is only one virgin.. By theory we should visit that level when the very next retracement is due.. Using some other TA tools.. we can also see the nice bearish Divergence... and apparent top forming in last 2 months.. So the question is:

Are we going NOW for a retracement ? - I DONT KNOW.. and the thing is.. no one knows.. as it need 2 more parts for price to be driven, a Fundamental Background and the Current Sentiment.. [we know who moves the market and when.. ]

But, What I know.. is:
IF we move lower, and breach some triggers.. we eventually we see enough liquidity and momentum to test 1.55 level.. and that is the opportunity to look forward to.. I see this picture.. I drop few levels on terms of TF [5min/15min] .. and wait for PA to jump in my trap.. and hunt that down.. collect whatever is given.. and walk away..
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  • #848,406
  • Oct 30, 2013 4:05am Oct 30, 2013 4:05am
Quoting infinitus
{quote} lookback period for all levels and virgin POC's: 32 periods {image} {image}
BTW.. nice toy you having there mate..
  • #848,407
  • Oct 30, 2013 4:06am Oct 30, 2013 4:06am
Quoting rattyo
{quote} Taken 17 points for now.

  • #848,408
  • Oct 30, 2013 4:08am Oct 30, 2013 4:08am
Bullish hidden divergence. YES TA.
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Wherever you go, there you are.
  • #848,409
  • Oct 30, 2013 4:09am Oct 30, 2013 4:09am
Quoting Piters
{quote} BTW.. nice toy you having there mate..

Excel is a wonderful thing
  • #848,410
  • Oct 30, 2013 4:10am Oct 30, 2013 4:10am
Some fundamental reading while waiting for FOMC:

http://www.economist.com/news/financ...-peril-natural
Fail better.
  • #848,411
  • Oct 30, 2013 4:11am Oct 30, 2013 4:11am
Long Cadchf 0.8587 short eurcad 1.4388 !!
  • #848,412
  • Oct 30, 2013 4:14am Oct 30, 2013 4:14am
Quoting milam
{quote} interesting, can we get this in English?
Nope, sorry. But in the end, it's all here... and in more or less plain English.
  • #848,413
  • Oct 30, 2013 4:14am Oct 30, 2013 4:14am
Will keep my bullish and looking for long opportunities until it fells under 1.3690
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  • #848,414
  • Oct 30, 2013 4:22am Oct 30, 2013 4:22am
Quoting infinitus
{quote} Excel is a wonderful thing
really ?? VBA ?
  • #848,415
  • Oct 30, 2013 4:25am Oct 30, 2013 4:25am
Quoting Piters
{quote} really ?? VBA ?

the chart is a part of a fairly complex spreadsheet. Some part is done by VBA/macros
  • #848,416
  • Oct 30, 2013 4:32am Oct 30, 2013 4:32am
I see only bear on EURUSD 15M. Confluence of 200sma and pivot.
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  • #848,417
  • Oct 30, 2013 4:35am Oct 30, 2013 4:35am
Quoting Vachus
{quote} Technical analysis is extremely beneficial for everyone BUT a trader. It can sell books, make some people look amazingly superior to others or make us feel in control with a boundary and familiar environment. The interesting fact is , they all build around moving averages. A simple child playing a red button sell , Green button buy would have more probabilities of success then an adult playing around with silly indicators and Fibonacci numbers ...
(not sure how to do multiple quotes n cba'd working it out atm)
Quoting nfinitus
from his book:
"Never lose sight of the fact that you want other players to follow in your footsteps. After all, that is the only way to ever reach target and also the very reason why these so-called secret indicators, which are sold for big bucks to the ignorant and foolish, are such terrible scams. What point is there in trading spots that others can't see."


You guys seem to be agreeing with each other yet you provide conflicting evidence. I use fib levels often for profit taking and can often close within 1-2 pips of the high (or low) by reading the pa around fib levels. I don't claim to be super pro or anything just saying that these levels work for me and I manage to make enough for my bread-n-butter.
Just my opinion.
Edit: duno why it put my msg in quote don't have time to figure it out atm
As the lights go by so too do the shadows move
  • #848,418
  • Oct 30, 2013 4:35am Oct 30, 2013 4:35am
Quoting infinitus
{quote}
It was the correct decision too as it's dropped back for now.
Doubt we will get much action before FOMC
rat
  • #848,419
  • Oct 30, 2013 4:41am Oct 30, 2013 4:41am
Quoting milam
Bullish hidden divergence. YES TA. {image}
Bullish hidden, covered, disguised, masked divergence - yesterday someone posted a bearish one, I guess market moves so fast that these diveregencies are useless.

Here is my opinion - I look for no divergencies, have few simple indies and plain charts. It is morethan obvious EUR was beautifully pumped up. It also made a beautiful top. I am looking for more shorts, I have still opened old shorts just because my long term target is 34. My trade plan is hunting EUR down to 34.
  • #848,420
  • Oct 30, 2013 4:41am Oct 30, 2013 4:41am
going to bed. the first thing Im going to do when I wake up in the morning is to sell more spx.
ignore wackos and psychos, including myself. But I can't add myself to iggy
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