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Trading the lines

  • #21
  • Jan 6, 2015 7:23am Jan 6, 2015 7:23am
Quoting mrcreosote
{quote} Subscribed as I like your way of thinking and your bio What is your avatar? It sort of reminds me of an abstract vagina...
I painted my avatar in "paint". Its symbolical i think. I like vaginas though so thats cool i guess. I wasnt thinking of that though, but i guess our imagination sort of blends into what we see
My signature is: "Classified".
  • #22
  • Edited 8:01am Jan 6, 2015 7:45am | Edited 8:01am
Big picture
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Also, while im at it, the idea coming from Acetraders statement:

All these varied words and defenitions: "Supply and demand", "Orderflow", "Support and resistance", "Price action", "Trend" and what ever, they all signify the same thing: Price and its history. The words and the defenitions are not important themselves. What works doesnt really need a name. What doesnt work dont need a name either. Thats just my two cnts, im not trying to convince anybody. Everybody has their own take on things and use the words they see fit to describe their experience of reality. Way i see it though we try to desribe the same reality: Price, so the words themselves dont much matter. A reality that doesnt have much to do at all with the rest of reality since money is just numbers floating around in databases.

What im trying to say is that i think its the TECHNIQUE that matters, and not what its called.
My signature is: "Classified".
  • #23
  • Jan 6, 2015 8:03am Jan 6, 2015 8:03am
Attached Image

Sold

Damn, my son took a shit. Closed at BE
My signature is: "Classified".
  • #24
  • Jan 6, 2015 8:14am Jan 6, 2015 8:14am
Quoting yaed
Big picture {image}
Is the EUR going down because of the slope?
Something to think about yaed.

Rgds
  • #25
  • Jan 6, 2015 8:16am Jan 6, 2015 8:16am
Subscribed . I like the avatar as well .
pay the price of dicipline or pay the price of regret
  • #26
  • Jan 6, 2015 8:25am Jan 6, 2015 8:25am
Quoting skfx
{quote} Is the EUR going down because of the slope? Something to think about yaed. Rgds
I think it's going down because of ECB rhetoric since May and the threat of QE? Also $ seems to be on a roll only to get pulled back when the S&P has a 'breather'
Please post more, your posts echo of wisdom
used to be undecided but nowadays can't make my mind up
  • #27
  • Jan 6, 2015 8:30am Jan 6, 2015 8:30am
EU 1.1888 is a good line - defo support down here. Will it hold?
used to be undecided but nowadays can't make my mind up
  • #28
  • Jan 6, 2015 8:50am Jan 6, 2015 8:50am
Quoting mrcreosote
{quote} I think it's going down because of ECB rhetoric since May and the threat of QE? Also $ seems to be on a roll only to get pulled back when the S&P has a 'breather' Please post more, your posts echo of wisdom
Thank you and yes, that is exactly why it's going down.
There is policy and economic divergence.

Just making sure that no one falls into the trap of basing their trade calls on charts just because they are sloping one way or another. That mentality is frightening and illogical.
Rgds
  • #29
  • Jan 6, 2015 11:31am Jan 6, 2015 11:31am
Quoting mrcreosote
EU 1.1888 is a good line - defo support down here. Will it hold?
Turned out that was a VERY good line (need to be careful, too much talk of lines and we'll be getting called coke heads)
used to be undecided but nowadays can't make my mind up
  • #30
  • Jan 6, 2015 3:28pm Jan 6, 2015 3:28pm
Yaed, I see you're putting much effort into explaining your thought process. IMHO some of it makes much sense to me, and some does not. This is not in any way, a negative comment.




I'm just a simple trader. I see a line (s/r) or a zone (supply/demand) and I observe price action. In some cases I use these areas to remove a trade in profit, or (less often) I like to take a new trade based on the potential reversal. If a reversal is what I'm anticipating then I never use more than a 15 pip (1/2 of 1%) stop. I can be wrong many times without hurting my account. Also if it does move in my favor, price need not move too far in order for me to be in nice profit percent wise.

In this example of EurJpy, I bought at Daily level after price (Last tall green bar w/white stripe) told me that buyers were buying. On EJ I only use a 10p stop (Includes spread) because if the trade doesn't work out, I don't want to be around long.

I also Love 00, 20, 50 & 80. If you note on this chart these levels constantly get some sort of reaction.

The 2 short yellow lines, highlighting previous swing lows, I decided would be the area I might take profit if price was not moving as if it would reverse. As luck would have it, I took profit 0.9 pips from the high (small gold arrow), giving me 1.2% win.


Do they all work out like this? ummm NO! But if they don't my account does not take a big hit. Tight stops will save your bacon BIG TIME!
Darryl
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  • #31
  • Jan 7, 2015 1:38am Jan 7, 2015 1:38am
Quoting skfx
{quote} Is the EUR going down because of the slope? Something to think about yaed. Rgds
Well the slope is the defenition of the "going down".
To me there is no "because of" when it comes to politics, im not a fundamentals person.
I am satisfied with "because of" being a matter of lots traded. Then the question is why that many lots and why at this or that time.
I guess its a matter of the hen and the egg, which one is first: Is it going down because of the slope or is the slope created because its going down?
Well most probably the hen evolved from a less complex life form. And perhaps price did as well: The lots traded.

To me the illusion accompanying the fundamentals is a matter of corrupt people in suits lying or being lied to.
But really there is no separation between the fundamentals and the technicals when you get down to it.

I am glad you dropped by. You are one of the few people who inspired me in this, quite a few years ago. As i close my eyes i can still see your bar charts in the beginning of your order flow thread, thats how much i looked at them and tried to understand what you ment. Rash on a 4 year old and so on. Its not absolutely clear, but over the years, slowly my mind is reaching around your words and charts. Its also perhaps reaching other things. It all goes here on this thread, and if it doesnt i will write why. But so far it all goes here. Thanks.
My signature is: "Classified".
  • #32
  • Jan 7, 2015 1:41am Jan 7, 2015 1:41am
Quoting diamonddbw
Yaed, I see you're putting much effort into explaining your thought process. IMHO some of it makes much sense to me, and some does not. This is not in any way, a negative comment. I'm just a simple trader.
Well my own thought process doesnt make complete sense to me either.
My signature is: "Classified".
  • #33
  • Jan 7, 2015 1:48am Jan 7, 2015 1:48am
Quoting diamonddbw
I see a line (s/r) or a zone (supply/demand) and I observe price action. In some cases I use these areas to remove a trade in profit, or (less often) I like to take a new trade based on the potential reversal. If a reversal is what I'm anticipating then I never use more than a 15 pip (1/2 of 1%) stop. I can be wrong many times without hurting my account. Also if it does move in my favor, price need not move too far in order for me to be in nice profit percent wise. In this example of EurJpy, I bought at Daily level after price (Last tall green bar...
From the general look of the chart, with a downward slope like that, i would concentrate on selling i think. But i am not very familiar with eur/jpy. Actually eru/usd is almost the only instrument i have traded for many years. Maybe i will meditate some more on this and maybe i will have a look at eur/jpy. Who knows it might be the thing for me?
My signature is: "Classified".
  • #34
  • Edited 4:05am Jan 7, 2015 2:19am | Edited 4:05am
Trend - time = ?
Right now i am maybe sort of working on a way to define trend without using time, or at least without using time in its general expression.
I will try to clarify what i mean: Lets assume there is a balance to price. Sort of nobody knows what this point of balance is, but price is "trying" to reach it all the "time". What we perceive as "time" is this function. All processis does this: Populations of toads in a ponds, bacteria in your mouth, corporations struggling for control, flies feeding of a carcass and so on. The illusion of time keeps fooling us that this function is not in balance. Without the illusion of time there is always and ever complete balance. Nothing changes without time. Time is moments we talk about and change is what goes on in between.

Natural symbolical language (such as written english) is also dependent on "time". All sentences and words are made and thought of in a context that uses time. Time is a very complex idea that ties into a lot of other more or less defined ideas of the modern european/anglo saxon empire. Most of the definition of "time" and accompanied ideas came about in the 16th century and has not changed much since then.

Time is what makes the chart propell itself into the future. But nothing is really happening since the universe is one single particle enjoying itself in a state of non time. This does not take place because nothing is taking place and will neve take place, no action will happen and no inaction will not happen. Its impossible to remove time from the function of the chart, since no more candles will be produced then.

But this is perhaps the beginning:
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My signature is: "Classified".
  • #35
  • Jan 7, 2015 3:12am Jan 7, 2015 3:12am
Quoting yaed
{quote} Well the slope is the defenition of the "going down". To me there is no "because of" when it comes to politics, im not a fundamentals person. I am satisfied with "because of" being a matter of lots traded. Then the question is why that many lots and why at this or that time. I guess its a matter of the hen and the egg, which one is first: Is it going down because of the slope or is the slope created because its going down? Well most probably the hen evolved from a less complex life form. And perhaps price did as well: The lots traded. To...
Thanks yaed for the kind words.

This isn't about what type of person you are, whether that be fundamental or technical, it's about knowing what is going on around you with an unwavering confidence.

The hen and egg conundrum isn't what we have here. It cannot be compared.
The euro isn't falling because of the slope.I can assure you that much.

Quote
Is it going down because of the slope or is the slope created because its going down?
That question isn't useful.
Ask another question.
Why is it going down?
Your argument is, that it's going down because it's sloping down.Euro has moved from a 1.3993 to a 1.1867 because of the slope? That is illogical.

Unfortunately, those said corrupt guys in suits move the markets around lol
That being said, even the big guns get hammered from time to time. Just look at the rate traders recently.

If you're satisfied yaed, then that's all that matters.
Rgds
  • #36
  • Jan 7, 2015 3:21am Jan 7, 2015 3:21am
Quoting yaed
Trend - time = ? Right now i am maybe sort of working on a way to define trend without using time, or at least without using time in its general expression.
What would be the benefits in doing so yaed?

I think a better use of your time would be making a list of price drivers.
What makes price go from A-B?
Rgds
  • #37
  • Jan 7, 2015 3:41am Jan 7, 2015 3:41am
Quoting yaed
Big picture {image} Also, while im at it, the idea coming from Acetraders statement: All these varied words and defenitions: "Supply and demand", "Orderflow", "Support and resistance", "Price action", "Trend" and what ever, they all signify the same thing: Price and its history. The words and the defenitions are not important themselves. What works doesnt really need a name. What doesnt work dont need a name either. Thats just my two cnts, im not trying to convince anybody. Everybody has their own take on things and use the words they see fit to...


I agree. At the end of the day it is what we have done with what we have seen & the end results that counts.
___________________________
  • #38
  • Jan 7, 2015 3:47am Jan 7, 2015 3:47am
Quoting diamonddbw
Yaed, I see you're putting much effort into explaining your thought process. IMHO some of it makes much sense to me, and some does not. This is not in any way, a negative comment. I'm just a simple trader. I see a line (s/r) or a zone (supply/demand) and I observe price action. In some cases I use these areas to remove a trade in profit, or (less often) I like to take a new trade based on the potential reversal. If a reversal is what I'm anticipating then I never use more than a 15 pip (1/2 of 1%) stop. I can be wrong many times without hurting...


Me too my friend. Once I embraced the simple, most trading days have a nice ending now. Thank you for sharing.
  • #39
  • Jan 7, 2015 3:59am Jan 7, 2015 3:59am
Quoting skfx
{quote} Your argument is, that it's going down because it's sloping down.Euro has moved from a 1.3993 to a 1.1867 because of the slope? That is illogical.
I agree thats WOULD be a circular logic, trying to prove a statement by the statement itself. What i was pruposeing was that i dont give a damn why it was going down. I mean that its going down could be because person X was saying this or that. Or it could be because the federal reserve is doing this or that. Or it could be becuase the ECB is doing this or that. It could be because something was decided in a Bilderberg meeting in 2007. It could be because it was decided in a meeting in 1929. Or it could be because dude Number 203807 placed an order of 1.000.000 lots in a specifc manner and some EAs released that order in portions during three hours at that place in time or that. How could i possibly reach a definitive "why"?

"Why" depends on where you put the analysis.

The "why" might also be analyzed in a psychoanalytical manner: Those guys wants to get it lower of fear and loathing and sexual competition or what ever. While those other guys wants it to go higher because they might be fired otherwise and then loose their job and their place in society and their sexual relation to their wives and so on.
My signature is: "Classified".
  • #40
  • Jan 7, 2015 4:02am Jan 7, 2015 4:02am
Quoting skfx
{quote}What makes price go from A-B? Rgds
Limits and live placed orders.
My signature is: "Classified".
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