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The three principles: PA, S/R and balance

  • #21
  • Nov 19, 2014 11:07pm Nov 19, 2014 11:07pm
Analogy of litterature and trading
To explain how i think about these three principles i will use an analogy: Litterary production.

A person can have a very vivid, interesting language when writing a story. But that in itself does not make a good story. A good story is surprising to the reader and a good story grips the reader and pulls the reader into the story. Its the same way with trading. The story is price action. The language are S/R, money management, indicators and all those aspects of trading. For the work of litterature to be fascinating and a classic, the story or the price action needs to be there. Its kind of like the story is the basic element that makes the book work and the price action thinking is what makes trading work. Without the story or the price action thinking, its nothing, meaningless.
My signature is: "Classified".
  • #22
  • Nov 20, 2014 1:31am Nov 20, 2014 1:31am
The reasons why we (the people) arent beating the military industrial complex in their own game
I thought about this for many years now and im sort of coming to a new bend around it, getting a real grip on it. This is probably the most important post i will be writing in a long time when it comes to trading. To me its quite apparent that the banksters/the military industrial complex is sort of united in the fight agaisnt the people. The fight somewhat amongst themselves, but they agree on fighthing the people. The way i see it, the only reason this persists is that they are working together, cooperating against the people. The people however are for various reasons NOT working together. If we did, i am CERTAIN we could gather enough wisdom and knowledge to beat them at their own game of trading.

Ever since i started trading in 2009, i have been looking for people to work together with and cooperate with. I have found some very small forms of cooperation here and there, but in large, no i havent found anyone to cooperate with. Not a single person on the face of the earth. People have too big egos and are too set in their ways to be able to think about new ideas or to be able to integrate new ideas into their own existing ideas. If this was not so, like i said i think we could definitely beat the military industrial complex in their own game.

Also i think that some people have greed against them. They think they have found some form of knowledge that they can make money with by putting into practice. And they want to keep that knowledge for themselves. This also works against the people, for the people dont have a secure information infrastructure to exchange information. Even if the people DID, the military industrial complex would easily hack it and retrive the information. The evidence to what im saying in this matter can be found here:

http://map.ipviking.com/

However, i think the information that we the people need to exchange amongst ourselves in order to beat the military industrial complex and its brain on wall street and city of London is not very specific, and not based on mechanical repetition. I think the information we need to exchange is much more general, philosophical, mathematical, logical, spiritual even.
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  • #23
  • Nov 20, 2014 2:03am Nov 20, 2014 2:03am
Hi yaed,

What about social trading websites? From what I can see from these sites, people can even copy the exact trades of the successful traders.
  • #24
  • Edited 5:26am Nov 20, 2014 5:10am | Edited 5:26am
Quoting yaed
The reasons why we (the people) arent beating the military industrial complex in their own game I thought about this for many years now and im sort of coming to a new bend around it, getting a real grip on it. This is probably the most important post i will be writing in a long time when it comes to trading. To me its quite apparent that the banksters/the military industrial complex is sort of united in the fight agaisnt the people. The fight somewhat amongst themselves, but they agree on fighthing the people. The way i see it, the only reason this...

Have to Agree, the whole thing is monolithic, to say the least, and now even the local police are militarized...to "better defend us".....but the main reason, imho that we, as a whole, have become sheep for the slaughter is because of FEAR. We are "happy" that we have a job, even if it's a shitty job....especially if our friends and neighbors are not so lucky. It has become a self-fulfilled prophecy of survival of the fittest...tooth and claw!

Nice strategy and thread, subscribed...
  • #25
  • Nov 20, 2014 5:44am Nov 20, 2014 5:44am
Quoting pluspips
Hi yaed, What about social trading websites? From what I can see from these sites, people can even copy the exact trades of the successful traders.
Good afternoon.

You can view my trades live on my explorer. What you do with the information is up to you. I am quite satisfied with the way things are. If you suggest a change, tell me about it in fact or fiction. Is it both, nore either? One or the other? Copy this, copy that. I just telling what im doing. There is no copy of an act. If i sell and you sell, you dont copy me, you just do the same thing. To copy me is to think like me and execute the trade at THAT second. Why would you want that? You can do a lot better then i, promise you. If you read what i wrote. Does something seem unclear? Tell me so if that IS so. I shall abide. See to it. Mend all the faults i shall! Fill the gaps of word or understanding, both or either.
My signature is: "Classified".
  • #26
  • Nov 20, 2014 5:45am Nov 20, 2014 5:45am
Quoting 4xplosion
{quote} Have to Agree, the whole thing is monolithic, to say the least, and now even the local police are militarized...to "better defend us".....but the main reason, imho that we, as a whole, have become sheep for the slaughter is because of FEAR. We are "happy" that we have a job, even if it's a shitty job....especially if our friends and neighbors are not so lucky. It has become a self-fulfilled prophecy of survival of the fittest...tooth and claw! Nice strategy and thread, subscribed...
Hi person man/woman

I speak to the water. Its speaks back. I speak to the wind. It speaks back.
My signature is: "Classified".
  • #27
  • Edited 6:31am Nov 20, 2014 5:50am | Edited 6:31am
Quoting 4xplosion
{quote} Have to Agree, the whole thing is monolithic, to say the least, and now even the local police are militarized...to "better defend us".....but the main reason, imho that we, as a whole, have become sheep for the slaughter is because of FEAR. We are "happy" that we have a job, even if it's a shitty job....especially if our friends and neighbors are not so lucky. It has become a self-fulfilled prophecy of survival of the fittest...tooth and claw! Nice strategy and thread, subscribed...
The water
Is not militarized
The air is not militarized
Space itself is not militarized
None of the stuff that really matter is militarized
It is spiritualized
That which matters
Is eternal
We are not FROM this world, we are IN this world.

There are no military in the bushes, what would they eat? As evening comes, what would they do? Stand and freeze? How horrible a destiny they have set for themselves in that case.
Be their own worst enemy if thats what they are doing.
There are no military here and if it where.
DONT YOU FUCKING TREAD ON ME!
YOU WILL PRY THE AXE FROM MY DEAD HAND BEFORE YOU CAN HAVE IT!
No such men or women of military mind about.
I saw them on the streets once, assault rifles and all.
I thought "Hey what are you doing in my neighbourhood?"
Why are you measuring that?
For who?
Why?
Why are youre instruments measuring me?
It should be i who measure you!
A WELL ARMED POPULACE IS THE BEST DEFENSE AGAINST TYRRANY

Aint nothing so sweet like the dagger to throw
Only armored neck can be safe
Groin, throught, chest and even eye you must cover
Or else, warm and sticky you will soon be
If you have come with violent force in mind
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  • #28
  • Nov 20, 2014 9:26am Nov 20, 2014 9:26am
Quoting yaed
The reasons why we (the people) arent beating the military industrial complex in their own game I thought about this for many years now and im sort of coming to a new bend around it, getting a real grip on it. This is probably the most important post i will be writing in a long time when it comes to trading. To me its quite apparent that the banksters/the military industrial complex is sort of united in the fight agaisnt the people. The fight somewhat amongst themselves, but they agree on fighthing the people. The way i see it, the only reason this...
Spot on.
  • #29
  • Nov 20, 2014 9:34am Nov 20, 2014 9:34am
Quoting yaed
{quote} Good afternoon. You can view my trades live on my explorer. What you do with the information is up to you. I am quite satisfied with the way things are. If you suggest a change, tell me about it in fact or fiction. Is it both, nore either? One or the other? Copy this, copy that. I just telling what im doing. There is no copy of an act. If i sell and you sell, you dont copy me, you just do the same thing. To copy me is to think like me and execute the trade at THAT second. Why would you want that? You can do a lot better then i, promise you....
What I'm saying is that you're asking people to come together to challenge the big boys isn't it? If you go to those websites and put your trades there and people start copying your trades because you're successful then perhaps you can achieve your goal of beating them. Just a suggestion for you!
  • #30
  • Nov 20, 2014 3:18pm Nov 20, 2014 3:18pm
Quoting pluspips
{quote} What I'm saying is that you're asking people to come together to challenge the big boys isn't it? If you go to those websites and put your trades there and people start copying your trades because you're successful then perhaps you can achieve your goal of beating them. Just a suggestion for you!
This is a website. People can do what ever they want with the information they find here.
My signature is: "Classified".
  • #31
  • Nov 20, 2014 3:19pm Nov 20, 2014 3:19pm
Quoting yaed
D1 price action analysis What i write here is not just for D1 and not just for E/U price. If you understand this, you will be able, or are already able to use this on any price and any timeframe. For a beginner, all charts and all pairs look the same. Thats not really true. The candles of E/U D1 is much more uniform then on M1. Meaning the relative size of the candles on D1 do not vary as much as on M1. This and things like it is very important to trading profitably. So, lets go back to the first D1 picture: {image} Study this picture for a while....

Yaed! Excellent Explanation! My complements Beeradar!
  • #32
  • Edited 4:58pm Nov 20, 2014 4:47pm | Edited 4:58pm
Quoting behman8850
{quote} Yaed! Excellent Explanation! My complements Beeradar!
And then what you do with it, what moneymanagement you apply, thats up to you. Depends on what sort of risks you are willing to apply. Me im thinking risking 1% the first day is enough. Maybe someone thinks risking 3% the first day is OK. I think its important to study and try to have a handle on how much of the D1 candles that is inside the candle before the current one. How big a portion of the bull candles is usually engulfed by the candle before it? That kind of thing can net you a good 30-50 pips a day. Or 200 if you do it smart

I am concentrating on doing one thing and just that one thing, selling E/U. I dont consider buying it. I dont consider other pairs. My thinking is that if i concentrate on doing that one thing, it seems i can do it pretty good.

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Maybe i will start placing longs, but not if it keeps up as it is.
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  • #33
  • Edited 12:49am Dec 1, 2014 12:38am | Edited 12:49am
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Im going to concentrate on M30 PA, entering shorts only, at PROVEN buy strength lack. Such as:

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I decided to put this post here because it represents a slight change in how i trade and so it makes a technical/mathematical difference, which means it should go here.

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And the reason why i let go of some of my former theory of M1 importance is that i dont have the time or the energy to hunt those say 5 pip M1 profits. Maybe they are too fickle anyway. And i think, but this is just a theory, that M1 stress me out and increases the chance i do something stupid like on friday the 21st on november, of which im still suffering some of those reversed safety management positions (the 4 shorts i still have open).
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  • #34
  • Edited 2:00am Dec 2, 2014 1:47am | Edited 2:00am
This is a way of thinking about support and resistance.
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So dont break south of the lows of the two candles BEFORE this one, that means in this manner of wick boxing, the trend has changed to an uptrend.
But of course if the lower wicks of december the 1st should be counted, we have already HAD a up trend that has been broken. In this manner:
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This way of thinking is sort of intergrated in how i view price.
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  • #35
  • Edited 9:25am Dec 5, 2014 8:43am | Edited 9:25am
Retrace

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I changed from fibonacci to 1/8 or .125 parts. I think it works better.

EDIT: Well its ALMOST all i have been using. Having a look at the M1 template and maybe M5 or H1 sometimes a little bit.

Next comes shorts at or around 3/4. These are the most likely shorts, given that PA is not acting crazy.

Balance is at 1/2, but since its going down (check vertical trend line) balance means a slight sell bias at 1/2.

Current high/low is used for the retrace calculation.
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  • #36
  • Dec 5, 2014 9:25am Dec 5, 2014 9:25am
Yaed,

That is inside the box for sure, but again you are thinking outside the box too.
I really enjoy your thought provoking posts. Thank you.
  • #37
  • Dec 5, 2014 11:55pm Dec 5, 2014 11:55pm
Quoting acetrader
Yaed, That is inside the box for sure, but again you are thinking outside the box too. I really enjoy your thought provoking posts. Thank you.
Here is some more thougths

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  • #38
  • Dec 6, 2014 11:09am Dec 6, 2014 11:09am
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  • #39
  • Dec 6, 2014 11:31am Dec 6, 2014 11:31am
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  • #40
  • Dec 7, 2014 11:51pm Dec 7, 2014 11:51pm
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If i decide its a stop hunt i will buy, if its a break out, i wont buy.
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