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  • #899,141
  • May 19, 2014 12:01pm May 19, 2014 12:01pm
Quoting Davit
{quote} Ho Godim I am discussing more about TL in terms of price predictability.To me it has no edge. Price moves by buyers and sellers=order flow.One sides wins price moves.It does not move because of TL.It moves because of order flow. They are so many failed TL trades that one can go bankrupt assuming its reliability. As example on weekly TL is broken.We should be looking for shorts technically but we don't know which way order flow will go (big money moving price may have different view).We just don't know. Regards {image}
of course as you said, nothing is certain. Just play trendline with stoploss placed.

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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #899,142
  • May 19, 2014 12:03pm May 19, 2014 12:03pm
Quoting ffleo
{quote} I disagree a little bit. traders do look carefully at trendline for swing trades. Most times trendline do not break, and bounces happen near there. When a trendline is broken, that is a hint for an imminent trend change. It may be a complete trend change, or it may be a new trend at different trend slope.
Hi ffleo
I just base my trading decisions on set of rules that I find has better edge.
Harmonics,deviations,order flow
All these factors by pass traditional technical analyses base systems.Its a point of view.I think you use market order as well.
Having healthy skepticism is good for trading.It makes you be aware why majority of traders look and draw TL /S/R and still lose.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #899,143
  • May 19, 2014 12:04pm May 19, 2014 12:04pm
Quoting paulr
{quote} Nope , simple price action trading said no {image}
I have no idea what you're implying here as it relates to my post about TL's? ... But, being that I'm simple SR/PA trader, I agree with your chart.

Anyway, have a great day folks.
Ghost Rider - WWTBMD?
  • #899,144
  • May 19, 2014 12:05pm May 19, 2014 12:05pm
Quoting ffleo
{quote} of course as you said, nothing is certain. Just play trendline with stoploss placed. {image}
the weekly chart of EJ and GJ have played to trendline nicely for months. It is only recent couple weeks they broken the trendline. That may be a hint of a trend change.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #899,145
  • May 19, 2014 12:09pm May 19, 2014 12:09pm
Quoting Davit
{quote} Hi ffleo I just base my trading decisions on set of rules that I find has better edge. Harmonics,deviations,order flow All these factors by pass traditional technical analyses base systems.Its a point of view.I think you use market order as well. Having healthy skepticism is good for trading.It makes you be aware why majority of traders look and draw TL /S/R and still lose. Regards
I do not use trendline solely. The trendline I use is very simple trendline. I do not know the Gann stuff either and I actually kind doubt it.
I use a combination of many things: simple trendline, market profile, fibs, simple indicator for trend change.

And I come here to read fundamental talks.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #899,146
  • May 19, 2014 12:09pm May 19, 2014 12:09pm
Quoting albchr
{quote} I have no idea what you're implying here as it relates to my post about TL's? ... But, being that I'm simple SR/PA trader, I agree with your chart. Anyway, have a great day folks.
my fault !
I hit the wrong quote button lol

fixed my post now
  • #899,147
  • May 19, 2014 12:13pm May 19, 2014 12:13pm
Quoting Davit
{quote} Hi ffleo I just base my trading decisions on set of rules that I find has better edge. Harmonics,deviations,order flow All these factors by pass traditional technical analyses base systems.Its a point of view.I think you use market order as well. Having healthy skepticism is good for trading.It makes you be aware why majority of traders look and draw TL /S/R and still lose. Regards
your BB system is a nice one.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #899,148
  • May 19, 2014 12:17pm May 19, 2014 12:17pm
Quoting ffleo
{quote} your BB system is a nice one.
profitable as well.Its based on deviation which I believe in.
I am not against using TL in general I am just saying it should not be sole reasons to place a trade.
I like your market profile.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #899,149
  • May 19, 2014 12:21pm May 19, 2014 12:21pm
Quoting Davit
{quote} profitable as well.Its based on deviation which I believe in. I am not against using TL in general I am just saying it should not be sole reasons to place a trade. I like your market profile. Regards
trendline is only a guide, should not be used soley for trades. I place market profile over trendline, like my GA call made long time ago.

Quoting ffleo
{quote} GA weekly. {image} and two months ago: http://www.forexfactory.com/showthre...37#post7300737 {image}
http://www.forexfactory.com/showthre...37#post7300737

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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #899,150
  • May 19, 2014 12:24pm May 19, 2014 12:24pm
at 39.49min on the video I posted.Its fun listening this part
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #899,151
  • May 19, 2014 12:32pm May 19, 2014 12:32pm
So much chatter about bearish EURO news, everywhere you read is- 'this will cause EUR to tank'.

Not one piece of EURUSD bull anywhere lol.

I am very nonconformist so when there is things in news pages that is almost like a, do-the-exact-opposite , kind of trading signal.
All posts are my personal opinion
  • #899,152
  • May 19, 2014 12:33pm May 19, 2014 12:33pm
why I have doubt about Gann angles? Because it use 45 degree, 30 degree, etc. why it has to be 45 and 30 or 15 degree? You stretch your price or time axis a little, the angle will change. Alright so I have to fix my price and time scale? Why is it that? Price does not have to move by a fixed pace both in its value and in time.

what if I have a monitor screen with different pixel size in vertical and horizontal directions. So I have to change scale according to my monitor character? So I have to stretch scales to make my angles look like 45 and 30 degrees?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #899,153
  • May 19, 2014 12:34pm May 19, 2014 12:34pm
Quoting Davit
{quote} profitable as well.Its based on deviation which I believe in. I am not against using TL in general I am just saying it should not be sole reasons to place a trade. I like your market profile. Regards
Of course not. That would just be.... ....lol
Ghost Rider - WWTBMD?
  • #899,154
  • May 19, 2014 12:41pm May 19, 2014 12:41pm
Keep shorting and feed the bulls plz
COT: The precious data ignored
  • #899,155
  • May 19, 2014 12:41pm May 19, 2014 12:41pm
Quoting kuroro001
Keep shorting and feed the bulls plz
so you are bull now?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #899,156
  • May 19, 2014 12:43pm May 19, 2014 12:43pm
Quoting ffleo
why I have doubt about Gann angles? Because it use 45 degree, 30 degree, etc. why it has to be 45 and 30 or 15 degree? You stretch your price or time axis a little, the angle will change. Alright so I have to fix my price and time scale? Why is it that? Price does not have to move by a fixed pace both in its value and in time.
Truth is Gann is enigma.

Alexander Elder, in his book Trading for a Living said this about Gann “I interviewed W.D. Gann’s son, an analyst for a Boston bank. He told me that his famous father could not support his family by trading but earned his living by writing and selling instructional courses. When W.D. Gann died in the 1950s, his estate, including his house, was valued at slightly over $100,000″

The issue of W.D Gann fortune is a very controversial. Gann’s son John told anyone who asked that his father was a swindler and a fraud who made his money by charging thousands of dollars for trading seminars, and that rather than being left millions of dollars his family was left with a modest inheritance. Gann’s supporters point to the soured relationship mentioned above son as a reason for the statements he made. It could be easy to say John Gann had a bad relationship with is father that is why he rubbished his trading techniques. If there was a fortune even if John Gann was cut out of the will it would be logical John Gann and the rest of the family would take the matter to court. There is no evidence of any court cases over W.D. Gann’s estate. This indicates there must be some truth in what John Gann is saying. The estate of W.D Gann was modest not a fortune. The 50 million dollar figure has absolutely no verification and is about 500 million dollars in todays values.

So this incredible "trader" could not provide for his family from trading but sold courses.Sounds familiar?

Please people have healthy skepticism.It will save you lot of money.
In trading, you have to be defensive and aggressive at the same time
  • #899,157
  • May 19, 2014 12:45pm May 19, 2014 12:45pm
Quoting ffleo
{quote} so you are bull now?
Buying dips until i see 1,376x min up to 1,384x then i'll see. I'm safer this way for the time being. But i'd like a strong dip, weekly can go down to 1,354x
COT: The precious data ignored
  • #899,158
  • May 19, 2014 12:47pm May 19, 2014 12:47pm
Quoting ffleo
why I have doubt about Gann angles? Because it use 45 degree, 30 degree, etc. why it has to be 45 and 30 or 15 degree? You stretch your price or time axis a little, the angle will change. Alright so I have to fix my price and time scale? Why is it that? Price does not have to move by a fixed pace both in its value and in time. what if I have a monitor screen with different pixel size in vertical and horizontal directions. So I have to change scale according to my monitor character? So I have to stretch scales to make my angles look like 45 and 30...
This confusion is a result of not understanding the concept - "the scale of the price in the time." This is a basic concept. I can explain it in detail. I've done this in another thread.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #899,159
  • May 19, 2014 12:49pm May 19, 2014 12:49pm
Quoting kuroro001
{quote} Buying dips until i see 1,376x min up to 1,384x then i'll see. I'm safer this way for the time being. But i'd like a strong dip, weekly can go down to 1,354x
so if it dips you are going to add to losers which most people would object. I think Vachus would object strongly
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #899,160
  • May 19, 2014 12:49pm May 19, 2014 12:49pm
Quoting kuroro001
{quote} Buying dips until i see 1,376x min up to 1,384x then i'll see. I'm safer this way for the time being. But i'd like a strong dip, weekly can go down to 1,354x
That is bothering me to go long at this point. I have 1.359x, 1.356x.
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