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  • #898,741
  • May 17, 2014 3:03am May 17, 2014 3:03am
Quoting FXSayWhat
{quote} I am sorry perhaps we should continue this conversion somewhere else if you not sure what a confirmation signal is.
what you get directly from candles is the first hand information about price, it is the initial information that needs to be confirmed by second hand information. In one post you just deleted you mention PA. Let me ask you what is PA? How do you assess PA?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #898,742
  • May 17, 2014 3:04am May 17, 2014 3:04am
Candles show price and that is Fake truth because " real traders big boys"trade value not price
If u know what i mean all ur trading concept will change
  • #898,743
  • May 17, 2014 3:05am May 17, 2014 3:05am
Quoting Magix
{quote} Like 50? What are you, "like, 14 years old"? Here we go...let me know if you need it broken down into smaller terminology. 1. Was a heavily resisted zone. It took 6 attempts to break above this area...this is what we refer to as resistance. 2. Resistance was broken. 3. As a standard rule of market, when supply is broken, it gets tested as resistance...eventually...in this case, we see that when resistance got broken, it was tested. 4. We have a supported area...since it required several attempts to break above this area, I would call this...
I must say amikaking is doing a hella better job presenting the signal although it is not necessary right.

this is your set up? where is your entry, target ans stop? at what stage do you entry? and most importantly, please answer this, what's your average hold time.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #898,744
  • May 17, 2014 3:05am May 17, 2014 3:05am
Quoting Repsaj
{quote} EURUSD.- Amikaking, It is true that a weekly engulfing is significant and is a sign that the bulls are losing strength. It is also true that in the long term you are probably right. The pair must fall for many reasons, technical and fundamental. But now the pair is on a support. And I intend to analyze it a little deeper. For that I have to go down to smaller timeframes. That analysis has led me to the conclusion that the pair will not fall yet, but will go up. The analysis is based on the wave count and activity that is perceived by the...
Hi Repsaj, thanks for the nice and detailed explaination with analysis. It seems that the market has halted just above the 1.37 level with a bullish hammer all indicating that a bullish wave is going to come, whether it could be part of a retracement of the existing bullish trend or continuation to break through Draghi's sensitive 1.4000 limit. I appreciate your suggestion and well let's see how's the market going to react next week ^^

See you all =)
  • #898,745
  • May 17, 2014 3:08am May 17, 2014 3:08am
Quoting egkid
Candles show price and that is Fake truth because " real traders big boys"trade value not price If u know what i mean all ur trading concept will change
Not really. Candles show reaction at price levels. They are not just price. A series candles show patterns. The trace of patterns shows complete trading psychology around price levels
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #898,746
  • May 17, 2014 3:09am May 17, 2014 3:09am
candles like any technical tools are a subject interpretation of the representation of mass psychology, being able to interpret those tools and make money out of it is an art form….not only that, big ball also are required in terms of tenacity and money management

best way to make money is around greed and fear, candles can help you to see where those emotions are placed.
Wherever you go, there you are.
  • #898,747
  • May 17, 2014 3:11am May 17, 2014 3:11am
Quoting FXSayWhat
{quote} I must say amikaking is doing a hella better job presenting the signal although it is not necessary right. this is your set up? where is your entry, target ans stop? at what stage do you entry? and most importantly, please answer this, what's your average hold time.

Hella?

I've wasted my time talking with a 14 year old?



I have no entry at current...there is no movement.

I don't trade with a crystal ball, I follow direction of the charts...

I trade off of an M1 chart, much the same reason that I code M1 traders...it is a world that I am comfortable trading. In like a lamb, out like a lion.

What is my average hold time?

Sometimes, it's like this:
<------------------------------------------->

Sometimes, it's like this:
<--------------------------------------------------------------------------------------------------------------------------------------------->
May not be to scale

Really, it depends on the current trend, main trend and the session...that's as good of an answer as I can honestly give.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #898,748
  • May 17, 2014 3:12am May 17, 2014 3:12am
Quoting milam
candles like any technical tools are a subject interpretation of the representation of mass psychology, being able to interpret those tools and make money out of it is an art form….not only that, big ball also are required in terms of tenacity and money management best way to make money is around greed and fear, candles can help you to see where those emotions are placed.
Exactly
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #898,749
  • May 17, 2014 3:12am May 17, 2014 3:12am
Quoting ffleo
{quote} what you get directly from candles is the first hand information about price, it is the initial information that needs to be confirmed by second hand information. In one post you just deleted you mention PA. Let me ask you what is PA? How do you assess PA?
what you get from the price is the first hand information, what you get from candle is price reaction over time, your second hand information or your confirmation.

Price approached your price zone where you like to place your entry, that's your first signal or triggering signal. when you are at the price level, in short, you buy on bull candle and sell on bear candle towards the direction you originally intended, these candles are you confirmation signal.

does this make sense?
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #898,750
  • May 17, 2014 3:13am May 17, 2014 3:13am
too late for me stay here, time to sleep. you guys keep debating.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #898,751
  • May 17, 2014 3:13am May 17, 2014 3:13am
Quoting FXSayWhat
{quote} I must say amikaking is doing a hella better job presenting the signal although it is not necessary right. this is your set up? where is your entry, target ans stop? at what stage do you entry? and most importantly, please answer this, what's your average hold time.
Whether or not the entry signal is correct or wrong is not important to me, the priority is to have a good risk management like most successful traders do and to trade with a higher probability setup. I do not mind if my trade ends up hitting my SL, what I'm trying to highlight is that everybody has right to share their trade ideas here. The more ideas we can have, the more fun this interactive trading section would be, isn't it? Wishing all FF traders good luck =)
  • #898,752
  • May 17, 2014 3:15am May 17, 2014 3:15am
Quoting milam
candles like any technical tools are a subject interpretation of the representation of mass psychology, being able to interpret those tools and make money out of it is an art form….not only that, big ball also are required in terms of tenacity and money management best way to make money is around greed and fear, candles can help you to see where those emotions are placed.
yes, the psychological signal. thank you. milam.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #898,753
  • May 17, 2014 3:15am May 17, 2014 3:15am
Quoting ffleo
{quote} Not really. Candles show reaction at price levels. They are not just price. A series candles show patterns. The trace of patterns shows complete trading psychology around price levels
Do u trade price or value?
  • #898,754
  • May 17, 2014 3:17am May 17, 2014 3:17am
Quoting ffleo
too late for me stay here, time to sleep. you guys keep debating.
looks like you are good with my answer and now you can sleep. good night.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #898,755
  • May 17, 2014 3:23am May 17, 2014 3:23am
Quoting egkid
{quote} Do u trade price or value?
I trade both price and value.
Simple example NU at 8790 good price and excellent value to short.
EU at 37 after 290 pip drop. Good value to short? Not really but how do I determine that? price...
Regards
In trading, you have to be defensive and aggressive at the same time
  • #898,756
  • May 17, 2014 3:24am May 17, 2014 3:24am
Quoting FXSayWhat
{quote} what you get from the price is the first hand information, what you get from candle is price reaction over time, your second hand information or your confirmation. Price approached your price zone where you like to place your entry, that's your first signal or triggering signal. when you are at the price level, in short, you buy on bull candle and sell on bear candle towards the direction you originally intended, these candles are you confirmation signal. does this make sense?
before I go to sleep I need to answer your this question. Because you are a scapler as you have claimed, price or level is not your first hand information. You scalp, you will need PA first, you will need to know where price is going to move immediately. You will need to know PA first, you will need to know candle pattern first. You would not care what price it is, you just care where it is going to move immediately.

I, on the other hand, swing most of the time, I pay attention to level first, pattern or PA second.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #898,757
  • May 17, 2014 3:25am May 17, 2014 3:25am
Quoting Magix
{quote} Hella? I've wasted my time talking with a 14 year old? I have no entry at current...there is no movement. I don't trade with a crystal ball, I follow direction of the charts... I trade off of an M1 chart, much the same reason that I code M1 traders...it is a world that I am comfortable trading. In like a lamb, out like a lion. What is my average hold time? Sometimes, it's like this: <-------------------------------------------> Sometimes, it's like this: <--------------------------------------------------------------------------------------------------------------------------------------------->...
If you are fulling committed with TA and candle, you should have no problem pin point out where your target and stop levels might be. NOT AT ALL. that's not crystal ball, that's technical analysis 101.

You don;t know what you average trade time is. That only tell me how confident you are in your system. that's 0. when you sell your system (if ever you meet this day) to someone, your client will ask you how much time he needed to run your system in order to profit. your "<---------------------->" answer is not gonna cut it.

telling me "<---------------------->" as your average hold time indicate you hold your position until it profits. In general, that's a fail system because it lacks a exit strategy. Every winning system should know its limit on hold time.

I am far more knowledgeable than you.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #898,758
  • May 17, 2014 3:27am May 17, 2014 3:27am
Quoting Davit
{quote} I trade both price and value. Simple example NU at 8790 good price and excellent value to short. EU at 37 after 290 pip drop. Good value to short? Not really but how do I determine that? price... Regards
That's an interesting way to trade, bravo
  • #898,759
  • May 17, 2014 3:27am May 17, 2014 3:27am
130 traders viewing with a closed market...

Almost 2:30 in my morning...

Yeah....

Time to jump into my footie jammies and go for nappie time.

Have fun, y'all...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #898,760
  • May 17, 2014 3:29am May 17, 2014 3:29am
Quoting FXSayWhat
{quote} If you are fulling committed with TA and candle, you should have no problem pin point out where your target and stop levels might be. NOT AT ALL. that's not crystal ball, that's technical analysis 101. You don;t know what you average trade time is that tell me how confident you are in your system. that's 0. when you sell your system (if ever you meet this day) to someone, your client will ask you how much time he needed to run your system in order to profit. your "<---------------------->" answer is not gonna cut it. telling me "<---------------------->"...

Already been there son...I make more trading for myself than did trading for others. If you ever make it here, you will understand what I am saying.

I don't need to justify my trades to anybody...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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