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  • #121
  • Feb 6, 2014 4:48am Feb 6, 2014 4:48am
Quoting Wolf_Wicked
RE: thread title... You shouldn't put yourself down like that... Self fulfilling prophecy, labeling theory etc.. Title will haunt your bad trades... Something more egotistical would push you after bad trades.. Think about it.. What about the "Really useless thread", what a useless piece of sh*t that turned out to be... Ironical? There's no such place http://www.youtube.com/watch?v=fZIRuMZA4_0 But live here if you must. Will be watching
In all honesty I didn't think of all that while I was creating it in the first place, I like to think I'm safe from psyche-attacks like that though, and I am positive that my downfall will be related to something completely different, and not this Anyway, feel right at home, would be glad to hear more from you

nice tune by the way, would you believe me if I told you I never even saw the movie?
  • #122
  • Feb 6, 2014 5:16am Feb 6, 2014 5:16am
I had to login to wish wdays good luck with the new thread, a very good start, a friendly and relaxed place to post, very nice wdays

I think your post about multi timeframe trades hit the nail on the head about the higher timeframes versus the lower. Many traders look at for example, the daily chart and see its going up so its an uptrend and thats that, today I'm buying. What a lot of them don't take into consideration is any clue that it could be about to turn. As you said, some days we can sell as equally as buy. I take candle patterns into account more than anything else on the higher timeframes. For example if I see a bearish engulfing candle on D1, then H4 puts in a bearish pattern, I would not go long on H1 or lower, equially though if I saw a bearish engulfing on D1, then h4 puts in a strong bullish pattern, then I would go for the long on H1 if it was good because d1 may well be going to retrace up that candle and it could be worth hundreds of pips. Anyway just the way I look at things, thought I would add it.
  • #123
  • Feb 6, 2014 5:23am Feb 6, 2014 5:23am
Let's sophisticate things up a bit, kay? Let's dissect yesterday's GJ setup.

So what do we see on the H4... Price made a swing low and tried to push higher, failed, went lower but that wasn't an option either - keep the daily in mind, what I like to call "consolidation candles" were being printed at the time.

H4 fulfills its purpose of letting us know we have a green light to execute a trade....

Down to H1, we can see the triple bottom there quite clearly too, and most importantly this is where I look for my price action setup and TDI cross (shown by the arrow).

Looks clear, very neat... Dropping down to M5 to shoot when I see fit.... Luckily, PA was pulling back down, slightly towards the EMA I have on there. Now that EMA is my reference, since in most cases shorter period MAs attract price like a magnet, I seldom shoot my entry if price is too far away from the EMA. This is a 20 EMA. Also, I saw that price had just broken above DS1. Price was pulling towards the EMA, I waited for this new candle to open blue and finally pulled the trigger.

Make sense?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GJH4.png Size: 46 KB
Click to Enlarge Name: GJH1.png Size: 46 KB
Click to Enlarge Name: GJM5.png Size: 48 KB
  • #124
  • Feb 6, 2014 5:26am Feb 6, 2014 5:26am
Quoting Wolf_Wicked
{quote} lol, was a good movie =) Nice to see a new thread though. Psyche attacks are good like salt. Might add some things when I see something. I cleaned up on the AJ this week bought at the bottom on Monday added a couple of times. Closed today at the Daily T/L now just waiting to see whether it wants to continue or have a correction. That's my only trade this week. I'm adjusting to longer term trading after starting work (3 months ago). Thanks for the warm welcome.. (lol I've even forgotten ow to post a chart it's been so long, I think I have...
Fancy seeing you here Wolf
.... laughing all the way to the bank
  • #125
  • Feb 6, 2014 5:28am Feb 6, 2014 5:28am
Quoting Wolf_Wicked
{quote} lol, was a good movie =) Nice to see a new thread though. Psyche attacks are good like salt. Might add some things when I see something. I cleaned up on the AJ this week bought at the bottom on Monday added a couple of times. Closed today at the Daily T/L now just waiting to see whether it wants to continue or have a correction. That's my only trade this week. I'm adjusting to longer term trading after starting work (3 months ago). Thanks for the warm welcome.. (lol I've even forgotten ow to post a chart it's been so long, I think I have...
Well done A lot of people who bought aussie made a killing this week, lol. 200+ pips on one trade also ain't half bad I never could deal with longer term trading, I can't handle keeping a position up all week or possibly longer... I make up for it with perserverence on the hourly charts, though haha... I'm also very humbled to hear that

Quoting lastingwell
I had to login to wish wdays good luck with the new thread, a very good start, a friendly and relaxed place to post, very nice wdays I think your post about multi timeframe trades hit the nail on the head about the higher timeframes versus the lower. Many traders look at for example, the daily chart and see its going up so its an uptrend and thats that, today I'm buying. What a lot of them don't take into consideration is any clue that it could be about to turn. As you said, some days we can sell as equally as buy. I take candle patterns into...
There we go... drinking water straight from the source now Welcome LW, nice to have you on here.
  • #126
  • Feb 6, 2014 5:36am Feb 6, 2014 5:36am
Quoting Wolf_Wicked
{quote} Well since as you are too cool for the music thread now days I had to get my stalk on.. Just stay inside when the full moon hits... I was actually quite interested in your EUR/AUD trade the other day. Just like WDays I was thinking to myself that it was a dangerous trade. Your pricing was good (at the extremes) but there is one thing you may have missed..
Well you know where to find good music now

.... I'm interested in your dissection of that trade.... I have caught myself on a number of occasions... taking trades without referring to the higher timeframes.... what else you got?
.... laughing all the way to the bank
  • #127
  • Feb 6, 2014 5:40am Feb 6, 2014 5:40am
Best I give you guys my youtube channel so that you can REALLY see where good music is at

Okay, enough practical examples for now I'm really tossing stuff from the top of my head right now, I should work on structuring my posts regarding MTF a bit more...
  • #128
  • Feb 6, 2014 5:41am Feb 6, 2014 5:41am
Quoting lastingwell
I had to login to wish wdays good luck with the new thread, a very good start, a friendly and relaxed place to post, very nice wdays I think your post about multi timeframe trades hit the nail on the head about the higher timeframes versus the lower. Many traders look at for example, the daily chart and see its going up so its an uptrend and thats that, today I'm buying. What a lot of them don't take into consideration is any clue that it could be about to turn. As you said, some days we can sell as equally as buy. I take candle patterns into...
Your tips I'm sure will be appreciated here LW
.... laughing all the way to the bank
  • #129
  • Feb 6, 2014 5:43am Feb 6, 2014 5:43am
Quoting Wolf_Wicked
{quote} Well as we stay on this page.. It's right in front of your eyes I won't ruin it for you. I'll watch you go broke before I do.
Bets on buddy
.... laughing all the way to the bank
  • #130
  • Feb 6, 2014 5:44am Feb 6, 2014 5:44am
Quoting WDays
Best I give you guys my youtube channel so that you can REALLY see where good music is at Okay, enough practical examples for now I'm really tossing stuff from the top of my head right now, I should work on structuring my posts regarding MTF a bit more...
... that was a really nice toone you played yesterday
.... laughing all the way to the bank
  • #131
  • Feb 6, 2014 5:46am Feb 6, 2014 5:46am
Quoting itsallover
{quote} ... that was a really nice toone you played yesterday
You'll love this next one then, I was really debating which of my favorites to post... Think it will be this one with more to come soon

Inserted Video
  • #132
  • Feb 6, 2014 5:51am Feb 6, 2014 5:51am
Quoting itsallover
{quote} Your tips I'm sure will be appreciated here LW
Thanks Kelly, and you kept your own thread pretty quiet so I've subscribed to that one as well
  • #133
  • Feb 6, 2014 5:54am Feb 6, 2014 5:54am
Quoting WDays
{quote} You'll love this next one then, I was really debating which of my favorites to post... Think it will be this one with more to come soon http://www.youtube.com/watch?v=VP7GNxLI9fM
... that was awesome... wolf will be nicking that....
.... laughing all the way to the bank
  • #134
  • Feb 6, 2014 5:56am Feb 6, 2014 5:56am
Quoting lastingwell
{quote} Thanks Kelly, and you kept your own thread pretty quiet so I've subscribed to that one as well
... my thread is a gangsters paradise
.... laughing all the way to the bank
  • #135
  • Feb 6, 2014 5:57am Feb 6, 2014 5:57am
Quoting WDays
I should work on structuring my posts regarding MTF a bit more...
Are you guys a Spudfye fan(z) by any chance? I followed him for donkies.. Really cool sh*t

You know the crux of that stuff is in determining a trend from a range. Hey welcome to the markets. There's some really cool indicators in some of his newer threads. I don't think I've had an indicator on my chart in at least 3 years though. His ideas really got me thinking a long time ago
Attached Image
Howlin' at the Moon on the Roof
  • #136
  • Feb 6, 2014 5:59am Feb 6, 2014 5:59am
Quoting Wolf_Wicked
{quote} Are you guys a Spudfye fan(z) by any chance? I followed him for donkies.. Really cool sh*t You know the crux of that stuff is in determining a trend from a range. Hey welcome to the markets. There's some really cool indicators in some of his newer threads. I don't think I've had an indicator on my chart in at least 3 years though.
... totally loved it ... especially the escalating bit
.... laughing all the way to the bank
  • #137
  • Feb 6, 2014 6:05am Feb 6, 2014 6:05am
I'm really not following? What's a spudfye sorry for my ignorance
  • #138
  • Edited 6:37am Feb 6, 2014 6:05am | Edited 6:37am
Quoting itsallover
{quote} ... totally loved it ... especially the escalating bit
I think my favorite was the elastic stuff...
Howlin' at the Moon on the Roof
  • #139
  • Feb 6, 2014 6:05am Feb 6, 2014 6:05am
Quoting Wolf_Wicked
{quote} What's w/ the tude dude.. Was I too cryptic? http://www.youtube.com/watch?v=rT6fufRnUP0

... which tude would that be ... todays or last weeks?
.... laughing all the way to the bank
  • #140
  • Feb 6, 2014 6:08am Feb 6, 2014 6:08am
Quoting WDays
I'm really not following? What's a spudfye sorry for my ignorance

check him out... legend... he started quite a few threads... here's one of them http://www.forexfactory.com/showthre...light=spudfyre
.... laughing all the way to the bank
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