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  • #917,141
  • Aug 17, 2014 7:27am Aug 17, 2014 7:27am
Quoting Rockerzeus
{quote} 1- 3.293 2- 3.277 3- 3.167
was the low +- 3.057?...
those who can, do. those who cant, talk about those who can
  • #917,142
  • Aug 17, 2014 7:31am Aug 17, 2014 7:31am
Quoting gatorinla
{quote} was the low +- 3.057?...
06/12/2014 Low was 3.008
08/14/2014 Low was 3.082
  • #917,143
  • Aug 17, 2014 7:56am Aug 17, 2014 7:56am
Another week ahead. Previous week with no heading. Friday daily candle looks almost the same as last fridays, everyone was looking for longs (except gator), all over the web you could read the bullrecomendations, i said more bear,.. I didn't get exactly bear, but not bull. Weekly gave us an inside candle, thanks to that i really don't give a rats *** that it was a hammer. Body was even under previous week. No bull with inside bar..
Stoch 533 has crossed in oversold area on weekly, but even that does not matter. Last time we saw a cross in oversold area, we got 5 weeks after that in consolidation, AND at the cross we had a outside green hammer. This time an inside red hammer. Last friday and this friday is more likely massive shorters taking out their positions before weekend and re-enters mondays.. ahhh what the fook do I know. The only thing i know i see weaknes everytime minibulls push it up.

But we do get it wrong at times and market can fool us, so... IF this monkey still wants to try for higher? ehhh.. 1,3450-1,3472 is what i see. If higher i actually think we are smoked as then i guess test of trendline is in place, just to put everyone off . That should be around 1,3590 area next week. But that could be fun also, then everyone will scream for 1,4000 at the rejection, but they will not see 1.4000 for a while, after a test short is the only option unless US has given us some shitty news and numbers.

Most likely.... Another shitty week.. going nowhere.. buy low sell high. Bearish divergences on 1H, 4H neutral.. We are consolidating, it is that easy and any side needs to break to end consolidation. The longer we stay in consolidation, the more i doubt that we only will get a small dip recent lows, maybe 1,32xx low ish

Next week i will focus on short. Upside is limited even if we go there, that means building position. Will most likely start shorting straight on the open tonight with SL at 1,3420 for at least 50 pips, hopefully i can wake up tomorrow with +25 pips and out an hour after london open. Buy stops above 1,3420.

Sum it up... we are at the shitty place as last week.
I don't even have a cool signature
  • #917,144
  • Aug 17, 2014 8:09am Aug 17, 2014 8:09am
Quoting iqyu5an
{quote} simply : it's a demo account with "over lot" for a position even it used super over lot...... no risk at all coz it's demo . or there is risk .."playing" with demo account ? IMHO
Warren Buffet will not allocate all his money to one single instrument. He mostly will not use leverage.

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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #917,145
  • Aug 17, 2014 8:11am Aug 17, 2014 8:11am
Quoting pedro319
{quote} If it's the fib numbers you are asking for then: 1- .707 Ret Weekly chart previous swing + 1.618 Extension Daily chart 2- .864 Ret Daily chart (so .864 of .707) 3- .447 Ret Daiy chart Cheers.
gotta run.. one target was hit, pa usually bounces some after. be careful till 3.05x on the st is hit.. also a LL one has developed for 2.5xx.. target broke down on quarters. you can see the low with predictor levels of s/r to 22.5xx.. all measurable on a chart and pretty precise atm ... later
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those who can, do. those who cant, talk about those who can
  • #917,146
  • Aug 17, 2014 8:44am Aug 17, 2014 8:44am
Quoting gatorinla
{quote} i give him enough rope to hang himself. i am personally rooting for someone to build a better mouse trap. if he/she/it presents one. i want to be their friend. i will not know till i see the mouses caught. if there is something out there that is even a 60/40 % shot of being good that works with a 1, 3. r/r. and i add it as a reason not to trade. it may cut down my trading. i just need to take out a few bad trades, to make more money. even if i miss some good ones.. if his thing works for a target... i can incorporate that with entries or...
Hear ya... I'm also all in for new ideas. 15 Years ago, I and some university friends started to collect history prices on the swedish OMX index, put it in a DB with various conditions for the respective daily candle. Then by looking at yesterdays candle, and a couple more behind that, we then asked history what todays candle will look like given the previous candles position. We could then usually give a high and low with quite high accuracy. STILL we did get it wrong sometimes, if i remember it right we hit it at like 83% with deviation of max 2,5%. Next problem was how to trade it, not knowing when high or low will hit or in what order, only when it hit we placed trades. So the results varied.. Later, as it is, 4 people is 3 too many when working with this kind of project because all wants to go in different directions so the project died... I have started similar work some 3 years ago, but it's hard getting it right, Mt4 cant handle the massive calculations needed. Crosschecking 100 points on each bar in history kills it.. so it's still work in progress.

Regarding EURUSDD, i do believe he has something going for him, i just think he express himself in a wrong manner. His tradingaccount he is showing shows nothing if you are a real trader. He does it on a demo, overtrading, to "show" everyone he is the sheit. Had it been a live account the numbers would not have been near them he shows now. I think, If fully motivated and on a couple of red bull, i could open a demo and hit the numbers as he has done. 1-5 pips here and there.. overtrading. There is no risk in demo, you are not risking money it has taken time to build up. When under water, you dont feel, "shit that took me all day yesterday to get that". Demo is no risk.. Demo is training, not prove performance..

Looking at his thread.. I'm not sure... it looks more like... get all timeframes in line and go with the trade kind of stuff. Thats not new, he just makes it sound like something else.. other than that it all looks so fuzzy, nobody actually can say like "Hey guys it's like this..." And all the price will return to a certain level.. Yes it will, but get it wrong one time and price will return to that level maybe 6 years later.. because that level was the low or high before price jumped 1500 pips. Still, i'm willing to be open minded, but i can trade and make money without him today and next week..
When he first came in here and screaming numbers, i admit, i said wow.. then all the crap started on his superindicator and software.. bla bla.. then he lost me.. SO either he likes the attention he is getting and dont know shit, or he actually has something but is just doing it wrong. We just have to see, i will check from time to time.. see what he is up too. But in all honesty, i like naked charts just getting the feel for the price.
I don't even have a cool signature
  • #917,147
  • Aug 17, 2014 8:55am Aug 17, 2014 8:55am
why so many people waste time on someone that claims probability so sure, making probability sound like certainty?

If you are so sure about your probability, bet your house, or your farm, or properties of your father, mother, brothers and sisters, on your predicted price movement of 99.99% certainty for oh come on 10, or 20 pips at least, not just 1 or 2 pips.

1 or 2 pips? with 20 pips go against you before your 1 or 2 pips of certainty? Come on, you are doomed to fail you mathematics PhD.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #917,148
  • Edited 9:37am Aug 17, 2014 9:12am | Edited 9:37am
Have a sell limit in for 1.34140 Hope it will be hit before London-open. Daily and W still show down trend. The Stochs on W is on the 20, but D is above, the 4h is better, will see after market open and maybe up the price, but think it's close to breaking down. (my platform is GMT+2)

Agree with Pipster. I traded on a Demo for 6 months before my mentor let me go live. Did very well on the demo, but when I started live, made every mistake in the book. Nearly burned my account, learned the hard way. Now I take care that my margin stays very healthy.

Looking at Pipster's charts, it seems if I will be moving my entry up!
  • #917,149
  • Aug 17, 2014 9:37am Aug 17, 2014 9:37am
Quoting SerenityFX
{quote} Not trying to pick a fight here, just raising a couple points. Can any modern state-of-the-art tool use the past to predict the future? No? Then the tools we have aren't any better than the tools used in the 40s. The only difference is we have more of them. Buffett isn't a good trader because he value invests. He's a good trader because he sticks to his proven system. He's the same as any other profitable trader.
And he has 60+ years of returns.

I disagree. The tools are better.

Also, the more liquid a market it is, the easier to tell where it's going
(at least that is my personal experience of electronic markets, my tools are most effective on the most liquid)

I think it's funny how some traders think it's not possible to tell where a market is going.

General direction is good enough for me but BELIEVE ME it's not for the big money. The last few pips of precision make the difference between a greatly profitable trade and slightly profitable one, even on a long term trade (they need the liquidity that exists there)

My buddy runs his own fund and can call quarterly tops and bottoms 6 weeks in advance within 10 pips.

It's good, no fighting, just debate
Be hopeful in a winning position, and fearful in a losing position.
  • #917,150
  • Aug 17, 2014 9:44am Aug 17, 2014 9:44am
Price action is king, but confluence is absolute master.
Be hopeful in a winning position, and fearful in a losing position.
  • #917,151
  • Aug 17, 2014 9:48am Aug 17, 2014 9:48am
Quoting Rag2RichesFX
{quote} ..... My buddy runs his own fund and can call quarterly tops and bottoms 6 weeks in advance within 10 pips. It's good, no fighting, just debate
I suspect 10 pips are like a noise for a weekly or quarterly time frame.

Nobody will know what freaking news will appear in a month or 2, which will easily cause some spike of 50 pips or more, or violate the predicted top or bottom.

Just my 0.00001 cents.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #917,152
  • Aug 17, 2014 9:50am Aug 17, 2014 9:50am
Tools as in indicators and all the trend lines are great help, but in my view No 1 is experience and practice.
  • #917,153
  • Aug 17, 2014 10:03am Aug 17, 2014 10:03am
Quoting LouiseZA
Tools as in indicators and all the trend lines are great help, but in my view No 1 is experience and practice.
my #1 tool is a basket of crystal balls:

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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #917,154
  • Aug 17, 2014 10:13am Aug 17, 2014 10:13am
Quoting gatorinla
{quote} i give him enough rope to hang himself. i am personally rooting for someone to build a better mouse trap. if he/she/it presents one. i want to be their friend. i will not know till i see the mouses caught. if there is something out there that is even a 60/40 % shot of being good that works with a 1, 3. r/r. and i add it as a reason not to trade. it may cut down my trading. i just need to take out a few bad trades, to make more money. even if i miss some good ones.. if his thing works for a target... i can incorporate that with entries or...

Fair enough
  • #917,155
  • Aug 17, 2014 10:15am Aug 17, 2014 10:15am
Quoting Rag2RichesFX
{quote} My buddy runs his own fund and can call quarterly tops and bottoms 6 weeks in advance within 10 pips. It's good, no fighting, just debate
I'd be interested to meet the guy, is he a legend?

I only know one bank who could call top/bottom on a daily basis, but its a bank
Make money by doing the opposite of Giveachance aka loser
  • #917,156
  • Aug 17, 2014 10:17am Aug 17, 2014 10:17am
Quoting nessus94
{quote} I'd be interested to meet the guy, is he a legend? I only know one bank who could call top/bottom on a daily basis, but its a bank
It must be a very big bank that can move the market.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #917,157
  • Aug 17, 2014 10:20am Aug 17, 2014 10:20am
Quoting ffleo
{quote} It must be a very big bank that can move the market.
Not that big actually. But i was suprised seeing calls to the pips at the end of every days.
Make money by doing the opposite of Giveachance aka loser
  • #917,158
  • Aug 17, 2014 10:22am Aug 17, 2014 10:22am
Quoting Rag2RichesFX
{quote} And he has 60+ years of returns. I disagree. The tools are better. Also, the more liquid a market it is, the easier to tell where it's going (at least that is my personal experience of electronic markets, my tools are most effective on the most liquid) I think it's funny how some traders think it's not possible to tell where a market is going. General direction is good enough for me but BELIEVE ME it's not for the big money. The last few pips of precision make the difference between a greatly profitable trade and slightly profitable one,...

But but but, then there is no need for you to trade at all. I mean when he can call those tops and bottoms repeatedly; I would advise to go all in 6 weeks in advance of those tops and bottoms

  • #917,159
  • Aug 17, 2014 10:27am Aug 17, 2014 10:27am
Quoting infinitus
{quote} But but but, then there is no need for you to trade at all. I mean when he can call those tops and bottoms repeatedly; I would advise to go all in 6 weeks in advance of those tops and bottoms
Did you mean to target those tops or bottoms 6 weeks in advance with all in? I would, if I am so sure about the tops and bottoms 6 weeks in advance, I would bet the properties of all my family to target the top and bottoms. Oh wait, what if the market go over the top or bottom and then come back later to my target? Hello, is that mathematics PhD candidate around? what is the probability of the market go over the predicted top or bottom and then come back later to hit the supposed top or bottom?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #917,160
  • Aug 17, 2014 11:04am Aug 17, 2014 11:04am
Quoting infinitus
{quote} But but but, then there is no need for you to trade at all. I mean when he can call those tops and bottoms repeatedly; I would advise to go all in 6 weeks in advance of those tops and bottoms
i am rooting for a guru. whenever he or she can prove the point over time. that includes a simple." i do not know" at times.
later
those who can, do. those who cant, talk about those who can
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