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  • #381
  • Jul 30, 2014 4:19am Jul 30, 2014 4:19am
Quoting priceaction1
one of grate, from grate master fti!!!! "Ok risk. try understand this. High risk means low propability of realisation. Same as , risk buy 4D. what is probability of hiting it correct. ok which one is higher risk 4 digit guess or 7 digit guess. which has better probability of striking. The one with higher risk is the one less likely strike. so on high risk punts, cannot put big pot. get it? risk has nothing do with capital. understand? Think .. in the money , at the money and out of the money(court). risk is percieved terrain type. ok...
Hi prriceaction1,

i studied FTI thread extract last week. Its more to do with everytthing other than trading system if I am not mistaken. so what excercise one muust go through to trade profitably.
  • #382
  • Jul 31, 2014 3:33am Jul 31, 2014 3:33am
The Morning Telegraph
Sunday, December 17, 1922
Wall Street Scientist Forecasted Top of Bull Market 1-Year in Advance.
HIS INDICATIONS UNCANNY
by: ARTHUR ANGY
(Financial Editor, The North Side News)
W.D. Gann has scored another astounding hit in his 1922 stock forecast issued in December 1921. The forecast called for first top of the bull wave in April, second top in August, and the final top and culmination of the bull market October 8 to 15, and strange as it may seem, the average prices of twenty industrial stocks reached the highest point on October 14 and declined 10 points in thirty-days after that date.
Mr. Gann predicted a big decline for the month of November. He said in the 1922 forecast - "November 10-14 panicky break." During this period stocks suffered a sever decline, many falling 10 points or more in four days and on November 14 lowest average prices were made with 1,500,00 shares traded in on the New York Stock Exchange.
I found his 1921 forecast so remarkable that I secured a copy of his 1922 stock forecast in order to prove his claims for myself. And now, at the closing of the current year in 1922, it is but justice to say I am more than amazed by the result of Mr. Gann's remarkable predictions based on pure science and mathematical calculations.
The North Side News stands for a clean Wall Street and has rendered a great public service in helping to rid Wall Street of the bucket shop evil by publishing a series of articles in conjunction with the Magazine of Wall Street. We believe in banding a fake, and we believe in giving credit where due.
GANN IS NO TIPSTER
W. D. Gann is no "Wall Street tipster" sending out market letters and so-called-inside information - Mr. Gann's results are obtained by profound study of supply and demand, a mathematical chart of money, business and commodities. He determines when certain cycles are due, and the order and the time when market movements will follow.
During the past thirty years many men have proclaimed discoveries and theories to "beat the Wall Street game," most of which resulted in loss to their followers. They could always tell by the chart just why the market did it after it happened. Mr. Gann's theory differs from the others in that he tells months in advance what stocks are going to do.
His forecast stated that some stocks would make high this year in April, some in August and others in October - the month when he predicted the bull movement would culminate. Of a list of a hundred stocks; thirty made highest price in April and many declined, while others continued higher, twenty made high during August, and fifty made high of the year in October. from which the largest decline of the year has taken place.
His 1922 forecast indicated final tops on railroad stocks for August 14. The Dow Jones's averages on rails made high August 21 and reached the same average levels on September 11 and October 16, but did not exceed the high made in August, which was made seven days later than the exact date called for in the forecast.
HIS CHART IS A FACT
Stock Market accurate long-range forecasting, as W. D. Gann is doing, sounds almost unbelievable, and how he does it I do not know, but the writer does know that he does it. My attention was first called to his 1921 Market Forecast, in which he predicted stocks would be bottom in August, 1921, and advance to December, 1921. They did so. His chart or graph of the market one year in advance is a fact, and that the course of the stock market follows it astoundingly close is equally a fact.
Mr. W. D. Gann says the trouble with most chart makers is that they work with only one factor - space movements or charts which record one to two points up or down - whereas there are three or more factors to be considered, space, volume and time. The most vital is time, and back of that is the cause of recurrence of high or low prices at certain intervals.
I asked Mr. Gann: "What is the cause behind the time factor?"
He smiled and said: "It has taken me twenty years of exhaustive study to learn the cause that produces effects according to time. That is my secret and too valuable to be spread broadcast. Besides, the public is not yet ready for it."
"Water seeks its level," continued Mr. Gann. "You can force it higher with a pump, but when you stop pumping it requires no force to cause it to return to its former level. Stocks and Commodities are the same. They can be forced above their natural level of values to where lambs lose all fear, become charged with hope and buy at the top. Then stocks are permitted to sink to a level where hope gives way to despair and the most rampant bull becomes a bear and sells out at a loss. My discover of the time-factor enables me to tell in advance when these extremes must, by the law of supply and demand, occur in stocks and commodities."
(The Morning Telegraph, Sunday, December 17, 1922) "http://www.tradingfives.com/gann/gann.gifWe use the square of odd and even numbers to get not only the proof of market movements, but the cause."
W.D. Gann
don't predict direction, but dance with flow of water
  • #383
  • Jul 31, 2014 3:36am Jul 31, 2014 3:36am
Hello wiseman priceaction1,

before I found Fti's thread I read something similar but from another perspective from another wiseman. If You have some free time i suggest You to read it, it's worth it. If not just abandon it. I'm sad that You lost Your day job, but maybe it's a sign that now is the time to do Your best at forex. I wish You all the best. Here's the link I was talking about:
http://www.stevehopwoodforex.com/php...hp?f=59&t=1572

Greetings.

Błażej
  • #384
  • Jul 31, 2014 3:40am Jul 31, 2014 3:40am
Are we into exotic pairs priceaction in this place ??

If Yes, then there is potential on EurNzd shorts as per my priceaction reading. Although there is opportunity to short on current price there is also some shorting opportunity at higher levels too. Watch the attached chart.... what is priceaction telling ???
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EurNzd.jpg Size: 113 KB
Click to Enlarge Name: EurNzd2.jpg Size: 116 KB
Risk / Trade Management is the name of the Game
  • #385
  • Jul 31, 2014 3:45am Jul 31, 2014 3:45am
Hello again,

do you consider using price action on other than main currency pairs, futures contracts and commodities? The principles are the same and the setup's may be found everywhere so would You like to present me Your point about that. Thank You in advance.

Greetings.

Błażej
  • #386
  • Jul 31, 2014 3:50am Jul 31, 2014 3:50am
natural level of values.
​all trade able things always try to seek it level like water and never stay at fix point bcz ever changing "n" factors. so when there is any change in level, price rush toward that level it is time vs price moment, 10-20 pip move is nothing it is 100 pips move that count. one more thing we don't trade direct eur/usd or any pair, we trade derivative of pairs. so no effect on inter bank rate if we trade 1000th of lot at bucket shops.
I am out of sync and having long bias mind regarding euro and cable not good so no large trade in this week it is period when mind not sync. batter not to trade.
three week back euro short at 1.3636 was golden point I did short that point . I will try to find another set up like this one in any pair.
don't predict direction, but dance with flow of water
  • #387
  • Jul 31, 2014 4:00am Jul 31, 2014 4:00am
all trade able things can be post . due to spread I trade major mostly eur/usd.
don't predict direction, but dance with flow of water
  • #388
  • Jul 31, 2014 4:04am Jul 31, 2014 4:04am
@fxsaint share your ATR indi with all of us. one of my toll for trade is ATR.
don't predict direction, but dance with flow of water
  • #389
  • Jul 31, 2014 4:08am Jul 31, 2014 4:08am
again ignored person visit.why.
don't predict direction, but dance with flow of water
  • #390
  • Jul 31, 2014 4:24am Jul 31, 2014 4:24am
long cable @1.6875 1/10 protection bellow 1.6865 area. this trade is base on ADR too
don't predict direction, but dance with flow of water
  • #391
  • Jul 31, 2014 4:52am Jul 31, 2014 4:52am
Quoting priceaction1
long cable @1.6875 1/10 protection bellow 1.6865 area. this trade is base on ADR too
what is your TP? or you will see according to price action?
  • #392
  • Jul 31, 2014 4:56am Jul 31, 2014 4:56am
TP open according to PA.
don't predict direction, but dance with flow of water
  • #393
  • Jul 31, 2014 4:59am Jul 31, 2014 4:59am
Quoting priceaction1
TP open according to PA.
I am learning a lot of things about forex and now start reading FTI teaching from you...can you explain me please why you take this long? or what was important to take this one based on ADR?
  • #394
  • Jul 31, 2014 5:06am Jul 31, 2014 5:06am
just see weekly chart it can be support area. high risk so protection is there
don't predict direction, but dance with flow of water
  • #395
  • Jul 31, 2014 8:39am Jul 31, 2014 8:39am
so cable is stop out. long [email protected] area protection bellow 1.3360 area.
don't predict direction, but dance with flow of water
  • #396
  • Jul 31, 2014 8:46am Jul 31, 2014 8:46am
stop loss at BE. now free trade.
https://charts.mql5.com/5/343/eurusd...g-point-of.png
don't predict direction, but dance with flow of water
  • #397
  • Jul 31, 2014 2:11pm Jul 31, 2014 2:11pm
Quoting priceaction1
@fxsaint share your ATR indi with all of us. one of my toll for trade is ATR.
I was once trading based on ADR / ATR strategy but now I have stopped it. I take note of it just to know overall market scenario only. If you are using ADR for your strategy then I upload three ADR indicators, see which one satisfies your needs better. Here you go, attached the indis.

P.S This are free indis I found from internet search & credit goes to its creators.

Attached File(s)
File Type: ex4 xADR_0.2renko.ex4   9 KB | 254 downloads
File Type: ex4 ATRprojections.ex4   10 KB | 302 downloads
File Type: ex4 !SM_ADR Marker.ex4   12 KB | 294 downloads
Risk / Trade Management is the name of the Game
  • #398
  • Jul 31, 2014 2:29pm Jul 31, 2014 2:29pm
It is just use as a quick ref I use this one.

https://charts.mql5.com/5/346/eurusd...g-point-of.png
don't predict direction, but dance with flow of water
  • #399
  • Jul 31, 2014 5:24pm Jul 31, 2014 5:24pm
I bet that was my fav indi back than when I was trading ADR strategy, its simple & does our job. By the way update on EurNzd, stops are now moved to BE, as I see now the potential of down move has increased. I have curtailed the initial target too as I see different priceaction now which suggest the shorter target. Lets see what happens here..
Attached Image (click to enlarge)
Click to Enlarge Name: EN.jpg Size: 110 KB
Risk / Trade Management is the name of the Game
  • #400
  • Aug 1, 2014 1:23am Aug 1, 2014 1:23am
Quoting priceaction1
stop loss at BE. now free trade. {image}
Hi priceaction1,

Can you please see attached and tell us why you did not enter earlier. ?
Attached Image (click to enlarge)
Click to Enlarge Name: crop.png Size: 39 KB
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