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  • #949,061
  • Jan 9, 2015 10:29am Jan 9, 2015 10:29am
Quoting WeeMee
{quote} kinda thought so, thanks. any comments regarding XM?
Never tried them- but search the broker section
  • #949,062
  • Jan 9, 2015 10:31am Jan 9, 2015 10:31am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting Ken A
{quote} {image} 1 + 1 = 1 1 - 1 = 2 Correct?
Whewww.. My brain hurts. I'm glad trading isn't' this hard.
  • #949,063
  • Jan 9, 2015 10:32am Jan 9, 2015 10:32am
Quoting Greenspanke
{quote} Do you mind sharing your opinion on Ian's version of EW? Will very much appreciate it.

Hi Greenspanke,

here we go:


I think, that you can get nearly every thing to work, when you obey your on set rules. So HEW may function.

I have tried it out for some time. It did not work for me. Maybe I did not try hard enough.


My critique on HEW:

Ian deals with so much fib-levels and additional his evidence based levels, that the chart is full of it. Chance gets really high, that one of this levels is hit eventually to the pip.But one can not say beforehand which will be hit and causes the price to reverse.

OK, with the traditional EW we face the same problem, we do not necessarily know on what Fib-level price will turn.

But when you look at some counts from Ian, you will frequently notice, that the deliberate search of the right fib-levels very often leads to super-tiny wave 2 rejections, or alternatively wave 4 rejections.

My point is: when your count needs the "white noise" in order to get fitting fib- or evidence based levels, something is wrong.

Ian oftentimes ridicules the traditional EW for dealing with wave extensions etc. But he has replaced some topics he did not like in traditional EW with other enemies, in my view.

Also I have also issues with his concept, that the impulses consist out of 5 waves (1,2,3,4,5), but that each impulsive subwave wave consists out of 3 waves (a-b-c or impulse-correction-impulse or 5-3-5). I think one can not have both ways, because out of my view will result in break of fractal-nature (or logic).

Maybe I am wrong here. So would be nice when someone can enlighten me. Ian was not able to refute my view here. We need a mathematician here!!!


Also, Ian is quick in ridiculing traditional EW and saying, that HEW is superior. Up to date I have not seen this to make it a valid point. On mid December Ian called for a correction in UDX, when it was at 88.50. He thought about a wave 4 target @ below of 70. I think the same day the UDX got wings.

I am not to say, that such calls do not happen with traditional EW. For example, I closed all my remaining long time shorts in the 2375 area, and thought about a correction higher.

What I am saying is, I simply do not see the advantage and superiority of HEW over traditional EW


In fact, I think, that you can take Dow Theories ABC-moves and make a very profitable system out of it
  • #949,064
  • Jan 9, 2015 10:34am Jan 9, 2015 10:34am
I did not get all the PIPS, but enough for me to be in game

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  • #949,065
  • Jan 9, 2015 10:35am Jan 9, 2015 10:35am
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  • #949,066
  • Jan 9, 2015 10:35am Jan 9, 2015 10:35am
Here comes the slowdown


https://twitter.com/jeffkearns/statu...17244392275968
Twitter: @TrendersGame
  • #949,067
  • Jan 9, 2015 10:35am Jan 9, 2015 10:35am
Quoting Malchi
{quote} thats why u talked about trading after NFP later ? big boyas push price up to take SLs ? and then have clear move down ?
You know me too well, i knew something was up, kinda warned ppl that im not as comfy today given NFP
Someone even asked if i was gona bet my life on lng and short... I said i preferred the sideline cuz
1. Long term trend is down so i wont long, ever, not even trying to catch any.
2. When price action sets up nicely to favour a 50/50 outcome for bulls and bears, i dont like the odds of taking either direction...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #949,068
  • Jan 9, 2015 10:39am Jan 9, 2015 10:39am
Quoting eggs
{quote} Whewww.. My brain hurts. I'm glad trading isn't' this hard.
Great. These guys spoiled it, now we'll never know whether the Professor is for real or all hot air ....
Hear the music before the song is over ...
  • #949,069
  • Jan 9, 2015 10:40am Jan 9, 2015 10:40am
Now 1.1800 will be strong support price will not break it easily. price is completely oversold
  • #949,070
  • Jan 9, 2015 10:40am Jan 9, 2015 10:40am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting honasona
I did not get all the PIPS, but enough for me to be in game {image}
Very nice work... Kudos to you sir
  • #949,071
  • Jan 9, 2015 10:48am Jan 9, 2015 10:48am
Quoting GlobalMacro
{quote} Nice try.But that's not what he asked you and you dodged his question.Again, How DO YOU calculate his account size off those numbers? The way you claimed you could ??? -->{quote}
Given the fact that most brokers' standard lots are worth about 10 $ a pip and the information is all there it gives you a guess ... however, why do you take it so serious? Chill dude lol
Fix up, trade sharp ...
  • #949,072
  • Jan 9, 2015 10:50am Jan 9, 2015 10:50am
Quoting eggs
{quote} Gotcha... Yeah I always blot out my position size on charts posted as well but just didn't put 2&2 together today. I guess at the end of the day nobody likes a boaster or a bragger & that's never my intentions here at the Factory. Later man & have a nice weekend.
Yes, that is the other thing I forgot, not wanting to show off ... since a lot on FF is ego attached, it is sometimes easier to erase the lots, that is a fact.
Fix up, trade sharp ...
  • #949,073
  • Jan 9, 2015 10:50am Jan 9, 2015 10:50am
pending sell limits 1.20 conservative lots
Pendint sell limits 1.22 guns blazing aggressive lots
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #949,074
  • Jan 9, 2015 10:52am Jan 9, 2015 10:52am
Quoting Hickson
{quote} Given the fact that most brokers' standard lots are worth about 10 $ a pip and the information is all there it gives you a guess ... however, why do you take it so serious? Chill dude lol
Even with all the answers people already posted , you still managed to get it wrong ?!! Wow!
Hear the music before the song is over ...
  • #949,075
  • Jan 9, 2015 10:52am Jan 9, 2015 10:52am
Quoting Hickson
{quote} Given the fact that most brokers' standard lots are worth about 10 $ a pip and the information is all there it gives you a guess ... however, why do you take it so serious? Chill dude lol

I thought basic maths is taught in the first years in school
  • #949,076
  • Jan 9, 2015 10:56am Jan 9, 2015 10:56am
decided to exit the trade, to risky leaving it over the week end. it it goes up 100 pips till monday my account manager will never let me hear the end of it, lol. i have to say it's been a few weeks since i opened my account and he never told me what to do so clearly before today. got 15 pips after their 3 pip spread and 1pip for general principle i guess, hehe. wasn't really a great entry when you see the amazing lows. if i get another chance to enter long at the 1.1800 range or bellow i will probably re enter with the smallest position size.
  • #949,077
  • Jan 9, 2015 11:00am Jan 9, 2015 11:00am
Quoting WeeMee
decided to exit the trade, to risky leaving it over the week end. it it goes up 100 pips till monday my account manager will never let me hear the end of it, lol. i have to say it's been a few weeks since i opened my account and he never told me what to do so clearly before today. got 15 pips after their 3 pip spread and 1pip for general principle i guess, hehe. wasn't really a great entry when you see the amazing lows. if i get another chance to enter long at the 1.1800 range or bellow i will probably re enter...
This is when you lean over the counter....ever so slowly raise your hand....and bitch slap the crap out of your account manager.

Flip the table.

Set the carpet on fire.

Your account- not his
  • #949,078
  • Jan 9, 2015 11:01am Jan 9, 2015 11:01am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting kill56
hi all do we know how to trade NFP i think we need a lot of reading about it i am sure some traders here knows how so lets get all the help we can all welcome to share info
I could probably ramble on for hours about this one but I think for me the most crucial & telling event from today is when price pulled up short of yesterdays low of 1753. If the bounce had occurred AT yesterdays low there's no way I'm taking any longs on this news because I know it wants more. From there it's just about waiting for a pause & finding some structure on a lower TF to hide my stop under. I also remember being very cognizant regarding the time. 9:30 NY open & boooya.
  • #949,079
  • Jan 9, 2015 11:06am Jan 9, 2015 11:06am
a classic pendant formed with the hourly chart.

very small pendant, but still, it's got the pole and the pointed flag shape. not that this information really helps, lol.
  • #949,080
  • Jan 9, 2015 11:15am Jan 9, 2015 11:15am
Quoting WeeMee
a classic pendant formed with the hourly chart. very small pendant, but still, it's got the pole and the pointed flag shape. not that this information really helps, lol.
Yup ... I got my TP placed @ 1.1863 ... took the trade earlier tho

Quoting GlobalMacro
{quote} Alright 1.1820 it is ... I'm not selling this level tho ... only buyers bidding , res may not hold ...
Hear the music before the song is over ...
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