Extracted Thread (per thread starter's request)

great reply
it was truly needed

Cant post a pic because Im sending this from my phone but there's a fantastic confirmed CZ that just triggered for me on E/U very long (53 bars) and very squat (just 13 pips high). It's given me a long entry at 1.3877 with my SL at 1.3852 and TP at 1.3917

Lets see how it pans out. I will post the pic later (irrespective of how the trade pans out.

Still on my phone but the trade didnt make my TP (it came within 2 pips) and I closed out just before NFP for +13. However, I will post the chart when I get a chance as I want to show what a confirmed "good" CZ looks like to me.

Does it look anything like this?

Fours CZ's total this week between Cable and Euro.

The very same! Thanks for posting it FxH...although it didnt work out for me personally, I wanted to post it so that others could understand what I consider to be a confirmed CZ.

Got an early start happening this week, with 2 CZ's popping up on the majors at the same time. Hopefully there will be something nice to wake up to in a few hours...

My trusty Cable comes home first yet again! Wish they could all look this perfect!

Cable completed... Yen and Euro in the works...

Yen comes through...

Nice going RS. Cable and Euro came in for me today as well.

I am trying to get ssbo to show consolidations on the daily charts ,

but I cant get it to show any boxes on D1 ,

can anyone tell me what settings I need to change for daily charts ?

Euro comes home...

Nice GBPUSD !

and potentially good breakout for EURUSD

Some how GBPUSD was not uploaded

Previous day E/U Pays...
US/Yen Comes thru
Decided not to jump on the E/U today. Break closed to far from the for a RR of my liking.

Price broke Long from my CZ and I easily banked my standard 35p.

But Price kept going, and stalled at about 60p from the point of breakout.

Then, Price rebounded straight down for 120p, stalling out at about 1.3845.

I submit that there is absolutely no trading style known to man that could have: 1) Predicted that Price would have gone for 12p more than my QTP of 35p; 2) Predicted that Price would rebound from 1.3966 instead of stalling, or even continue to go higher; 3) Predicted that Price would stall out at 1.3845 instead of going even further south. There are no indicators that can predict these moves, and there is no form of analysis or experience with market fundamentals that can predict them either.

The forums are full of people who will disagree with the above statement. But they are also the same people who are constantly changing their system's rules, replacing their system's indicators, and re-saving their templates at least 10 times per week.

In case some of you guys are wondering what I meant, I wrote that last message yesterday after spending some time in other threads, which I don't do very often. I was quickly reminded at just how much BAD information is being shopped around here at the Factory. I'm not saying the OP's are bad people necessarily. Most of them probably have good intentions, and want to help in their own way. But it just goes to show, that even someone with the best of intentions can still hurt people (or an industry) without meaning to.

I won't give links since I don't want to drive traffic their way, but here is a direct quote from one of them:

"This thread will prove to everyone - once and for all - that it is possible to know where price will go on any time frame."

Did you get that - "prove"..."once and for all"... That was literally his opening line of his first post. Within 10 pages his premise was all shot to hell, and the thread lasted less than 4 months. He stopped posting in his own thread 10 pages before the last post, and hasn't been back since. He simply stopped supporting his own thread and abandoned his original claims like he never even made them in the first place. In the end, the thread devolved into just another failed indicator-based "system", trying to spot trends and pick reversal points with a bank of oscillators and fractals. Same old, same old. So much for "once and for all"!

What was he trying to achieve? What were his motivations for making such a bold claim? How much time and energy had he dedicated to his premise before he started that thread? And why wasn't he ever called out for being so wrong, or for abandoning his own work so quickly? Why was he never held accountable?

I know, I know, why beat myself over the head with questions that have no answer? *sigh*

The really sad news in all of this, is that these guys never face any penalties for this type of behavior. In 6 months he'll probably start another one, with similar bold and unsupported claims; and it will fail just as badly, and the (very predictable and unfortunate) cycle continues. Meanwhile, how many people got hurt in those 4 months? How many noobs lost money because of this farce? How many man-hours were lost by reading and (God forbid) following the OP's (terrible) advice? Just exactly how many lives or family units did this one farce derail, even for just a little while? And finally, why does it bother me more than it does him?

That's just one example. I could give 200 more without breaking a sweat. So could many of you guys reading this. But please don't, we all know they're out there. I don't want to accidentally drive a noob over to one if I can avoid it. This is just my own personal rant for now.

Now, multiply all that by 1000 and you will have revealed what's at the very core of the FF, and at every other trading site on the Web.

Hey guy, I'm still waiting for the "proof"! You know where to find me...

Euro and Cable both hit TP this morning. Great way to start the week!

I got both ;-)

E/U and Yen pays...